DENSO’s Global Strategy NAIAS 2013 Investors Conference January 16, 2013 Hikaru Sugi Senior Executive Director of DENSO CORPORATION President & CEO of DENSO International America, Inc. Terry Helgesen Senior Vice President DENSO International America, Inc.

Agenda 1DENSO Profile 2 R&D Philosophy and Activities 3 Growth Strategy for North America

DENSO Profile Sales Breakdown

Financial Results Sales increasing with auto production recovery

Global Mid-Term Strategy World Class Excellence Global Collaboration Agility Three Fundamental Principles World Class Excellence Global Collaboration Agility

Sales Target Consolidated sales of $50 billion & operating margin of 8% in FY2016 US$ billion (Billion yen) Consolidated Sales *Fiscal year is as of March 31.

Regional Sales Targets Eliminations: 2011  billion yen 2015  billion yen US$ billion (Billion yen) Car production 9.00  8.80 millions of units -1% （ annual rate ） Japan Car production  millions of units +4% （ annual rate ） Europe Car production  millions of units +9% （ annual rate ） Asia & Oceania

Regional Sales Targets Eliminations: 2011  billion yen 2015  billion yen US$ billion (Billion yen) Car production  millions of units +6% （ annual rate ） North America Car production 4.70  5.80 millions of units +5% （ annual rate ） Others

Agenda 1 DENSO Profile 2R&D Philosophy and Activities 3 Growth Strategy for North America

Environmental Changes in 2020 Vehicles in emerging countries will double 110 million vehicles in 2020 As vehicles in emerging countries increase, traffic fatalities are expected to increase significantly.

Environmental Changes in 2020 Fuel efficiency & electrification—key elements of DENSO’s R&D Evolution of telecommunication technologies Connectivity between vehicles & social infrastructure Cloud BATT Battery charge Connect to Smart phone Smart grid (Source DENSO)

Key Areas of Technology Development High-pressure pump Diesel common rail system Injector Inverter Gasoline direct injection Variable compressor TS Starter for Stop/Start Systems integration to meet regional needs Environment Efficiency alternator EV/HVAdditional fuel efficiencies EPA Cycle Real-world Savings

Key Areas of Technology Development SafetyInformation/HMI Millimeter wave radar Surround camera Apply core sensing, system control and HMI technologies to advanced safety systems Vision sensor Instrument cluster Head-up display Remote touch controller

DENSO’s Strength: World’s-first Products 94’95’03’07’09’11’12’ QR CodeDiesel Common Rail System Millimeter-Wave Radar A Double-sided Cooling Power Control Unit Passenger Vehicle Air Conditioning System Using An Ejector Motor Generator TS Starter for S/S Lithium-Ion Battery Pack vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz vzvz Environment Environment & Safety Environment & Safety Comfort & Convenience Comfort & Convenience Comfort & Convenience High-value- added & high- quality products. Safety 87’ Car Navigation System

Development Strategy Combine business unit focus and our strengths for total system solutions FocusStrength

DENSO’s Development Network Develop region-best products in seven regions around the world Core Technical Centers (T/C) & Satellites

Agenda 1 DENSO Profile 2 R&D Philosophy and Activities 3Growth Strategy for North America

Strategy in North America How can North American DENSO contribute to global growth?

R&D Global Growth: Heat Pump Increasing EV driving range 62% more efficient than electric heater 20% - 30% greater driving range DENSO Heat Pump System EV Driving Range

R&D for Global Growth: Battery Thermal Management Innovative thermal management concepts that reduce battery weight, complexity, and/or cost by at least 20% Timeline Started: Oct 2011 End: Sept 2014 Barriers - Cost reduction - Reliability - Product lifetime Partners - National Renewable Energy Laboratory - Chrysler Group US Department of Energy Grant

Connectivity/Human Machine Interface (HMI) Joint HMI research by DENSO and MIT using metrology and bio-metrics Complete System Integration Connecting drivers and technology in safest way possible

Aftermarket Business Expansion Organizational Change Aftermarket Business Unit (Jul 2011) Headquarters for the Americas (Apr 2013): DENSO Products and Services Americas Product Line-up Increase product line up with own competitive sourcing Penetrate premium and main markets New Channel/Business Enhance focus on South America/Canada Develop prospective products for non-auto

Beyond Automotive Obtain new technology Leverage new resources Speed up technology integration Sustainability Quality of Life Security & Safety New Business Cycle Vehicle Related Non-Vehicle (using core technologies) Silicon Valley Birthplace of New Technology Established Office April 2011

Return to Shareholders FY2013 Annual Dividend per share: Increase by 8 yen to 54 yen