Q2 FY2017 RESULTS & BRIEFING15 JUNE 2017

FINANCIAL UPDATES

PROFIT & LOSS STATEMENTAS AT 30 APRIL 2017

RM’000QUARTER ENDED

30 APRIL 2017

QUARTER ENDED

30 APRIL 2016% CHANGE Q2 FY2017

Revenue 37 135 (73%) 364

Direct Expenses (1,212) (871) 39% (2,677)

Gross Loss (1,175) (736) 60% (2,313)

Other Operating Income 7,794 19 40,921% 8,192

Selling & Marketing Expenses (316) (278) 14% (661)

Administrative Expenses (15,162) (6,648) 128% (26,157)

Unrealised gain/(loss) on foreign

exchange12,570 (23,905) (153%) 48,243

Finance Costs (15,334) (10,293) 49% (31,920)

Share of Results in a Joint Venture (12,215) (17,932) (32%) (24,702)

Loss before Taxation (23,838) (59,773) (60%) (29,318)

Taxation (277) (151) 83% (306)

Net Loss (24,115) (59,924) (60%) (29,624)

Basic Loss per Share (Sen) (2.43) (24.67) (4.92)

SALES ACHIEVEDAS AT 31 MAY 2017

• Cumulative Sales as at 31 May 2017: RM6.736 billion (based on contracts exchanged)

• Sales as at 1H 2017: RM1.051 billion (based on contracts exchanged)

Sales Target for FY 2017 – RM2.5 billion

PROJECTS

EWI

STAKE

TOTAL

GDV(1) SALES VALUE (MILLION)

CUMULATIVE SALES VALUE

(MILLION)(%) (MILLION)

CUMULATIVE

FY2015-2016FY2017

London City Island 75% £691 £379 £73 £452

Embassy Gardens 75% £933 £192 £69 £261

Wardian London 75% £566 £306 £65 £371

Sub-total UK £2,190 £877 £207 £1,084

West Village 100% AUD315 AUD253 - AUD253

PURCHASER PROFILEGEOGRAPHICAL PROFILE OF BUYERS

LONDON PROJECTS AUSTRALIA PROJECT

Well-balanced mix of buyers a key advantage for EWI to deploy going forward

POST-LISTING ACQUISITIONFIVE PROJECTS CURRENTLY IN HAND

Wardian London

Canary Wharf,

London

(Zone 2)

Estimated GDV:

RM3,125.4 mil

(GBP566.1 mil)

London City Island

East London

(Zone 2/3)

Estimated GDV:

RM3,816.3 mil

(GBP691.3 mil)

West Village

Parramatta,

West Sydney

Estimated GDV:

RM1,052.0 mil

(AUD314.8 mil)

Embassy Gardens

Nine Elms, London

(Zone 1)

Estimated GDV:

RM5,148.2 mil

(GBP932.5 mil)

United Kingdom Australia

Post-Listing 10/4/17

Yarra One

South Yarra,

Melbourne

Estimated GDV:

RM773.4 mil

(AUD243.5 mil)

Australia

MOST RECENT AWARDS WONOUR PROJECTS CONTINUE ON PATH TO EXCELLENCE

London Evening Standard Grand Prix Award & Best

Regeneration Project -

London City Island

18 May 2017

RESI AwardsDevelopment of the Year -

London City Island

10 May 2017

Wharf Property Awards Residential Development -

London City Island

25 May 2017

London Planning AwardsBest New Place to Live -

London City Island

27 Feb 2017

UK MARKET OUTLOOK

IMF expects the UK to grow by 1.5% in 2017, compared with its previous

forecast of 1.1%, on the back of a stronger than expected economic

performance since Brexit

The Office for Budget Responsibility (OBR) upgraded its forecast for growth

this year from 1.4% to 2.0%

The UK manufacturing sector’s PMI index was 56.7 in May 2017 signaling

an improvement in operating conditions for the 10th successive month

UK FDI inflows soared to $253.7bn (£197bn) in 2016, up from £33bn the

previous year (Source: OECD FDI in Figures April 2017)

London’s emergence as a world leader in digital tech has been phenomenal

and it is a major centre for investment (Source: Tech Nation 2017)

LONDON’S ECONOMIC RESILIENCEHIGHEST LEVEL OF FDI INFLOWS SINCE 2005

LONDON’S GLOBAL STANDING INTACTCITY STILL ATTRACTIVE DESPITE BREXIT JITTERS

Property Price Paid Purchaser

“Cheesegrater” Building £1.15

billion

CC Land (Hong Kong)

- 2nd largest ever sale of a UK building

Facebook’s new London

HQ (Tottenham Court

Rd)

£435

million

Deka Immobilien (German Real Estate

Fund)

7-8 St. James’s Square £246

million

Stanley Ho (Macau)

30 Crown Place £210

million

Beijing Capital Development Holdings

(China)

3 Harbour Exchange,

South Quay

£37 million Lee Kum Kee (Hong Kong)

Buyers from China & Hong Kong continue to snap up trophy assets while

European investors led by Germany accounted for 23% of the overall

investment transactions in Q1 2017

Demand for housing continues to outstrip supply

driven by:

o Low interest rate environment with good

mortgage availability - the BoE Monetary Policy

Committee recently voted (by a majority of 7-1)

to maintain the bank rate at 0.25%

o London’s growing population - it reached 8.6

million in 2015 and is projected to exceed 10

million by 2035

o London’s status as a global city - a city

steeped in rich history, arts and culture

This is expected to fuel the mid to mid-high end

housing market and support prices

Historical and Future Delivery

Source: Savills & Greater London Authority(1) GLA minimum target (including backlog), 3 May 2017

LONDON PROPERTY MARKETHIGH DEMAND FOR RESIDENTIAL PROPERTY

22k

27k

41k

46k 45k40k

36k 35k

2014 2015 2016 2017 2018 2019 2020 2021

Forecast

No. of UnitsDemand 64k per annum(1)

AUSTRALIA MARKET OUTLOOK

26th year of consecutive annual economic growth demonstrating Australia’s

economic resilience, adaptability and record of steady growth

Ranked 15th out of 190 economies for ease of doing business - high ranking

for legal rights, justice, the soundness of its banks and corporate debt

‘First choice’ education destination across Asia for business and technology-

related education in the region

Changes in the stamp duty regime from 1 July a challenge, however this is

partially offset by incentives for Australian residents and first-home buyers

THE AUSTRALIAN ECONOMYWORLD’S 13TH LARGEST ECONOMY

Source: Why Australia Benchmark Report 2017 –

Australian Trade and Investment Commission

Sydney One of the fastest growing cities in Australia - Population topped

5 million mark after adding 1 million people in just 16 years

Melbourne Ranked the world’s most liveable city for 6 years in a row, scoring

top marks in healthcare, infrastructure and education

EWI PROJECT UPDATES

LONDON CITY ISLANDSITE PROGRESS

Block A & M:

• Hurks precast superstructure

progressed to the 18th floor

Block B & C:

• Substructure works completed

• Hurks precast superstructure

currently at Level 3/ Block B and

Level 5/ Block C

Block D, E & F:

• Demolition & piling works

completed

• Substructure works in progress

• Block E carpark shear walls now

at Level 4

Target Handover

Blocks A & M: 1H 2018

Blocks B & C: 1H 2019

Blocks D & E: 1H2019

Blocks A & M on track for completion and handover in 1H 2018

EMBASSY GARDENSSITE PROGRESS

Building A04:

• Superstructure works

completed

• Steel Frame System works now

to level 16, windows to level 8

and brickwork to level 6

Building A05:

• Substructure work is ongoing

with ground floor slab

completed

• Frame is completed to level 11

Building A03:

• Construction to podium

complete to Level 1

• Energy Centre works

progressing

Target Handover

Block A04: 1H2018

Block A05: 1H2019

Block A03: 2H 2021Construction progressing well with Block A04 on track for completion in 1H2018

WARDIAN, LONDONSITE PROGRESS

Target Handover

East Tower: 1H 2020

West Tower: 2H 2020

• Raft foundation for both East Tower and

West Tower is now complete

• Basement Box is substantially complete

• East Tower core progressed to Level 4,

floor slab at level 3

• West Tower core progressed to Level 1

Foundation has been laid and tower cores are in progress

WEST VILLAGE, SYDNEYUPDATES

• Tender of main building works completed.

Construction award in June and start date

expected end July 2017

• Target completion: 1H 2020

• Marketing activities planned to reintroduce

West Village to the market following the

upcoming stamp duty changes

EcoWorld International Sydney Office cum Gallery

INTRODUCING YARRA ONE

YARRA ONELIVE THE LIFE YOU LOVE

YARRA ONELOCATION MAP

Located in South Yarra on the fringe of the Melbourne CBD, Yarra One enjoys great

connectivity and conveniences in the surrounding locale

YARRA ONECLAREMONT STREET, SOUTH YARRA, MELBOURNE

Location Freehold land area of 2,128 sq. metres located

outside the fringe of Melbourne CBD

Approximately 5.3-km southeast of Melbourne CBD

Description of

Development

Residential-led mixed use development

27-storey tower with 268 residential units

Retail and office podium

Key Features Excellent connectivity to public transportation

serviced by regular tram operations along Chapel

Street and Toorak Road; and bus routes via Punt

Road nearby

5-minutes’ walk (300m) from South Yarra Station

9-minutes’ train ride from Yarra Station to Flinders

Station (2 stops)

Located near Melbourne High School

Completion

Date

Estimated mid-2020

Estimated

GDV

AUD243.5 millionNote: Acquisition expected to be completed in August 2017

PREVIEW OF YARRA ONE27&28 MAY @ ECOWORLD INTERNATIONAL, KUALA LUMPUR

• Yarra One preview well-received by the

public

• 89 units (33%) sold (exchanged and

reserved) as of 6 June 2017

• International roadshows held to introduce

project

Beijing,

Shanghai &

Shenzhen

Sydney &

MelbourneJakarta Hong Kong

Singapore Brunei KL, Sibu &

Kota Kinabalu

CONCLUSIONOUTLOOK REMAINS POSITIVE

Sales momentum maintained: Sales of £207 million

achieved in the UK between 1 Nov 2016 – 31 May 2017

Unique selling points of existing projects and positive

developments in each locality will continue to drive &

underpin sales demand

Acquisition of Yarra One enables EWI to enter important

Melbourne market & extends the Group’s brand presence

in Australia

Profit recognition begins in FY 2018 as handover

commences in phases starting with LCI and Embassy

Gardens

Future acquisitions being considered to build up well-

diversified portfolio with projects at multiple price points &

stages of development

THANK YOU