1H2018 Results Presentation

2

24.925.8

33.1

10.310.5

14.88.5

2.8 3.7

41.4%

40.6%

44.7%

38%

39%

40%

41%

42%

43%

44%

45%

46%

0

5

10

15

20

25

30

35

2Q17 1Q18 2Q18

Revenue Gross Profit

Net Profit attributable to Equity Holders Gross Margins

S$ million

2Q2018 FINANCIAL HIGHLIGHTS

2

▪ Stronger operating results saw revenue and gross profit increase quarter-on-quarter and year-on-year

▪ Lower year-on-year net profit was largely due to the absence of fair value gains from the

telecommunications towers investment recorded in 2Q2017

3

KEY HIGHLIGHTS OF NON-REAL ESTATE BUSINESSES

Key Highlights

▪ Non-Real Estate revenue grew 84.6%

year-on-year to S$17.9 million

▪ Growth was primarily attributed to

significant growth in New Holland tractor

sales and more KFC store openings7.0

12.014.6

2.7

3.1

3.3

2Q2017 1Q2018 2Q2018

S$ M

ILLI

ON

REVENUE

Automotive & Heavy Equipment Consumers

4

Key Highlights

▪ Overall Real Estate revenue improved

from 1Q2018 and was stable on a year-on-

year basis

▪ Revenue in 2Q2018 was driven by the

profits from sales of residences in Galaxy

Towers and the additional share of profits

in StarCity Zone B following its completion

9.9

6.2

9.8

5.4

4.6

5.4

2Q2017 1Q2018 2Q2018

S$ M

ILLI

ON

REVENUE

Sale of Residences & LDRs Real Estate Rental & Services

KEY HIGHLIGHTS OF REAL ESTATE BUSINESS

1H2018 PROFIT AND LOSS ITEMS

S$ million 2Q2018 2Q2017 1H2018 1H2017

Revenue 33.1 24.9 59.0 42.6

Cost of sales (18.3) (14.6) (33.8) (25.5)

Gross profit 14.8 10.3 25.2 17.1

Other income, net 7.6 16.3 16.5 28.0

Expenses

- Administrative (13.5) (12.4) (25.8) (24.4)

- Finance (0.3) (3.9) (2.2) (6.2)

Share of losses of associated

companies(0.5) (0.9) (0.5) (1.5)

Share of losses of joint ventures (0.4) (1.1) (0.7) (1.5)

Profit before income tax 7.7 8.3 12.5 11.4

Income tax expense (0.4) (0.1) (0.5) (0.7)

Profit from continuing operations 7.3 8.2 12.0 10.8

Net Loss from discontinued

operations(0.7) (0.6) (1.5) (1.1)

Total Profit 6.6 7.6 10.5 9.65

Results of the tourism

business are now

classified as Disposal

Group Classified as Held

for Sale

KEY BALANCE SHEET ITEMS

S$ million 30 Sep 2017 31 Mar 2017

Cash and cash equivalents 67.0 34.8

Development properties 337.3 262.8

Land development rights 219.3 219.3

Investment properties 254.4 219.3

Trade and other receivables 58.6 138.7

Financial asset at fair value through profit or loss 48.4 49.8

Trade and other payables 158.7 147.7

Bank borrowings 197.1 165.9

Net assets attributable to equity shareholders 658.7 664.2

NAV/Share (cents) 37.9 38.2

Includes net value of restructured tourism

group at S$45.5 million as at 30 September

2017

− Yoma Strategic has a 63.1% interest

in the restructured tourism group

− Expected to book a gain on disposal

upon the completion of the tourism

spin-off exercise

6

Net financial gearing ratio currently standing

at 13.6% as at 30 September 2017

The financial gearing ratio is calculated as net debt divided by total capital. Net debt is calculated as borrowings (excluding loans from non-controlling interests) less cash and cash equivalents. Total capital is calculated as total equity plus net debt

Additional development properties from the

buyback of Galaxy Towers

Decline is due to the buyback of Galaxy

Towers owing by the investors

TRANSFORMING INTO A DISCIPLINED CONGLOMERATE

6

7

Ahead of our 2020 Target

Non-real-estate businesses

contributed 47% of FY2017 revenue

and 56% of 1H2018 revenue with

improved gross margins

2020 Vision

Target is to have at least 50%

of the revenue generated

by non-real estate

businesses and to increase

real estate rental income

6%15%

39%47%

56%3%

7%

16%

16%

17%

91%

78%

45%

37%

27%

FY2014 FY2015 FY2016 FY2017 1H2018

Non-Real Estate Businesses Real Estate Rental & Services Sales of residences & Land Development Rights

8

TARGET TO TRIPLE OUR SIZE BY 2023

Building dominant positions and nationwide footprints

Enhance autonomy and capabilities of each business unit

Rationalise non-core businesses and assets

FOOD MOTOR LAND

Business Updates

13 KFC STORES IN YANGON

Domestic Terminal

Junction MawtinJunction Square

ONE

Shopping Malls

• Myanmar Plaza

• Junction Mawtin

• Capital Thaketa

• Dagon Centre

• Junction City

• AEON Orange Waizayantar

• SuperOne Hlaing Tharyar

Airports

• International &

Domestic Terminals

Residential Estates

• StarCity

Standalone Stores

• ONE

• Junction Square

• Hledan

10

Massive opening day turnout for our Mandalay and Taunggyi stores

11

2 KFC STORES IN MANDALAY & 1 KFC STORE IN TAUNGGYI

12

12

16

22

50+

Revenue S$11 million

Store count

March

2017

September

2017

March

2018

2020+

FOOD & BEVERAGE EXPANSION STRATEGY

Phase I:

Nationwide build for

KFC stores

Phase II:

Acquire and develop

new brands

13

147120

202138

119 119

181

273244

290264

241

221

159238

228

549

484

457

457

5.84.7

7.16.0 5.6

5.3

8.2

11.09.8

12.5

0

2

4

6

8

10

12

14

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18

S$ million

Tractors Implements Spare Sparts Services

Number of

tractors sold

Number of

implements sold

NEW HOLLAND TRACTORS2Q2018 revenue jumped by138% year-on-year

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NEW HOLLAND TRACTORS

607692

534

151

500

0

200

400

600

800

1,000

1,200

1,400

FY2016 FY2017 FY2018

No.

Remaining units

from the 1st AMD

organized sale

500 units from the 2nd

AMD organized sale to

be delivered in the

coming months

Sale of New Holland tractors is expected to

continue to see strong growth

Potential Retail Sales

YOMA FLEETStable cashflows and growth from fleet

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No. of units

124 149 152

280313 332

359

491 509540 560 565

20

0

100

200

300

400

500

600

700

Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17

Net units Disposal of units

In 2Q2018, fleet size expanded to 585 units, however 20 units were sold in the used car

market resulting in a net fleet size of 565 units

16

INCREASING RECURRING RENTAL INCOMEPortfolio of Investment Properties

StarCity International SchoolPun Hlaing International School The Campus

17

THE PENINSULA RESIDENCES

Target to launch in the coming months

18