for the financial year ended 31 december 2020

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UNAUDITED RESULTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

Disclaimer:

The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely estimates and targets, based on circumstances and reasonable assumptions which apply only at the date of such statements. Accordingly, no reliance should be placed on any forward-looking statements, express or implied, contained in this presentation.

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GROUP FINANCIAL HIGHLIGHTS REVIEW OF MAJOR OPERATIONS

 Financial Performance

 Key Events in 2020

 Developments for 2021

5-YEAR PBT TRACK RECORD

CAPITAL AND OTHER COMMITMENTS DIVIDEND RECORD

AGENDA

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GROUP FINANCIAL HIGHLIGHTS

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FINANCIAL RESULTS

FOR THE YEAR ENDED 31 DEC 2020

(Figures in RM) 2020 2019 Change

Revenue 4.19 bil 4.68 bil (10.5%)

Operating Expenses 4.17 bil 4.48 bil (6.9%) Share of Wilmar’s Profit 1.24 bil 0.96 bil 29.4%

PBT 1.42 bil 1.27 bil 11.7%

Profit attributable to

owners of the parent 1.32 bil 1.15 bil 14.3%

EPS 92.57 sen 81.02 sen 14.3%

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SEGMENTAL INFORMATION

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Total

Segment Revenue:

RM 4.19 billion

Grains & Agribusiness Consumer Products

Film Exhibition & Distribution

Environmental Engineering & Utilities Investments & Other Operations Property

76%

15%

3% 4%

1%

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SEGMENTAL INFORMATION

Total

Segment Profit:

RM1.42 billion

Grains & Agribusiness Consumer Products

19%

-9%

n.m 1%

2%

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REVIEW OF MAJOR OPERATIONS

 Financial Performance

 Key Events in 2020

 Developments for 2021

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FINANCIAL PERFORMANCE

GRAINS & AGRIBUSINESS

-

Revenue

FY20 RM3.29 bil FY19 RM3.30 bil

 Segment revenue remained relatively unchanged.

 Improved segment profit mainly attributable to lower raw material costs + 28%

Segment Profit FY20 RM272 mil FY19 RM213 mil

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 Construction of a new 500-mt/day wheat flour mill by VFM-Wilmar Flour Mills Co Ltd at its existing factory in Quang Ninh Province, in northern Vietnam at an estimated cost of USD19.7 million.

(Expected completion : 3Q2021)

DEVELOPMENTS IN 2021

GRAINS & AGRIBUSINESS

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FINANCIAL PERFORMANCE

CONSUMER PRODUCTS

-

Revenue

FY20 RM628 mil FY19 RM627 mil

+ >100%

Segment Profit FY20 RM32 mil FY19 RM0.6 mil

 Segment profit was higher mainly attributable to a one-off gain on step- acquisition of an associate of RM21 million and better performance at bakery division.

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KEY EVENTS IN 2020

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 On 24 June 2020, FFM entered into an agreement to acquire the entire 70% shareholding in FFM Further Processing Sdn Bhd from BRF Foods GmbH for a total consideration of RM 31.5 million. The acquisition has been completed and FFP is now a wholly-owned subsidiary of FFM.

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FFM Marketing Sdn Bhd launched :-

 Snow Brand MBP® NeoMilk in July 2020.

 Marina Pasta Sauce with Tuna in November 2020.

The Italian Baker Sdn Bhd launched :-

 Massimo Primo sandwich roll in April 2020

 Massimo Lemon Krunch cream roll in October 2020.

KEY EVENTS IN 2020

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 The construction of a new production facility for halal-certified frozen food in Pulau Indah at an estimated cost of RM22 million has just been completed and the commission date has yet to be fixed.

DEVELOPMENTS IN 2021

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FINANCIAL PERFORMANCE

FILM EXHIBITION & DISTRIBUTION

 Performance was significantly impacted by reduced admissions from prolonged total and partial closures of cinemas and deferment of movie titles during the year as the country fought the Covid-19 pandemic

- 79%

Revenue

- >100%

Segment (Loss)/Profit

FY20 RM(136) mil FY19 RM66 mil

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 Adopted the new norm in cinema operating procedures to ensure the safety and well-being of moviegoers and cinema staff.

 Galaxy Studio JSC, Vietnam opened 1 new cinema :-

 Todate, the Group operates :-

KEY EVENTS IN 2020

OPENING DATE

LOCATION SCREENS SEATS AREA REGION

10-Jan-2020 CoopXtra Linh Trung

5 690 Thu Duc HCMC

15 SCREENS LOCATIONS

Malaysia 343 34

Vietnam 108 18

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 Developed revenue diversification initiatives to optimise the use of GSC’s existing assets, such as new media advertising packages, site branding, thematic and

experiential events and corporate collaborations.

 Launched Keepsake, an e-commerce platform on 17 August 2020.

KEY EVENTS IN 2020

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 On 23 February 2021, GSC signed an Asset Sale Agreement to acquire the majority of MBO Cinemas’ assets. The acquisition is expected to complete by end-June 2021.

 Will launch GSC Rewards – GSC’s upgraded, new and improved loyalty programme that allows moviegoers to earn GSCoins (points) for every spending, and exchange GSCoins with complimentary movie tickets and concession vouchers.

 Will introduce Happy Food Co, a new F&B brand that will be established across selected GSC cinemas. The first cafe is expected to be launched in Southkey, Johor Bahru in the 2^nd half of 2021.

 Increase co-production of local content by GSC Movies.

DEVELOPMENTS IN 2021

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FINANCIAL PERFORMANCE

ENVIRONMENTAL ENGINEERING AND UTILITIES

 Segment profit increased mainly attributable to share of profit from joint venture as a one-time impairment of RM8.9 million of an overseas joint venture was made in FY2019. Excluding that, performance was

- 3%

Revenue

+ 28%

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 Completed one water project in Sarawak and one sewage network pump station in Kuala Lumpur with a total contract value of RM33 million.

 Secured two water projects in Johor and Sarawak with a total contract value of RM110 million.

 Order book of RM409 million as at 31 December 2020.

KEY EVENTS IN FY2020

ENVIRONMENTAL ENGINEERING & UTILITIES

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 Tendered for water projects in Malaysia and Brunei valued at more than RM400 million.

 Continue to focus on opportunities in our core sectors.

DEVELOPMENTS IN 2021

ENVIRONMENTAL ENGINEERING & UTILITIES

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FINANCIAL PERFORMANCE

PROPERTY

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 The lower segment profit was mainly attributable to lower rental income coupled with absence of a one-time gain of RM4.7 million on disposal of property in FY2019.

+ 4%

Revenue

- 72%

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 Construction progress of Megah Rise has reached Level 37.

 The Ministry of Housing has

approved our Extension of Time (EOT) application to complete the project under the ‘COVID-19’ Act 2020.

KEY EVENTS IN 2H2020

PROPERTY

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5-YEAR PBT TRACK RECORD

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5-YEAR PBT OF PPB GROUP

1,211

1,271

1,168

1,272

1,421

800 900 1,000 1,100 1,200 1,300 1,400 1,500

RM Million CAGR* +3.77%

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CAPITAL AND OTHER COMMITMENTS

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CAPITAL AND OTHER COMMITMENTS BY SEGMENT

RM425 mil

• Grains &

Agribusiness

• Investments in China flour mills

• Construction of 500 mt/day flour mill in Vietnam

• Silo and maize facility in Pulau Indah

RM383 mil

• Film Exhibition &

Distribution

• New cinemas in Malaysia

• Upgrading of existing cinemas

RM51 mil

• Property

• Investment commitment

• Renovation of existing office building

RM31 mil

• Consumer Products

& Others

• Construction of new production facility

• Purchase of plant &

machinery

• Purchase of motor vehicle, equipment &

office renovation

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DIVIDEND RECORD

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DIVIDEND RECORD

Dividend Per Share

Dividend Paid/

Payable

Dividend Yield

Payout Ratio

Group Company

Year (sen) (RM Million) (%) (%) (%)

2020 - Interim - Final*

- Special*

8 22 16 46

114 313 228 655

2.5^# 50 >100

2019 31 441 1.6 38 94

2018 28 399 1.6 37 89

2017 30 356 1.7 30 93

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STATUS OF SHARIAH COMPLIANCE

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STATUS OF SHARIAH COMPLIANCE

PPB is classified as shariah-compliant based on an updated list of shariah-compliant securities by the Securities Commission's Shariah Advisory Council dated 27 November 2020.

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PROSPECTS

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PROSPECTS

The Grains and agribusiness segment is expected to weather the volatile commodities market. The segment, which is in the business of production and distribution of staple food, is expected to perform satisfactorily, riding on its strong technical competency, extensive marketing and distribution network as well as in-depth procurement experience.

The Consumer Products segment is expected to perform satisfactorily as the Group endeavours to expand sales into the food service channel and e-commerce marketplace.

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PROSPECTS

The Film exhibition and distribution segment performance will be weighed down by intermittent cinema closures, operating in reduced seating capacity due to strict adherence to maintaining social distancing, and deferment of movie titles.

Management is confident that the movie industry will start to recover as the Covid-19 cases are brought under control and after the planned rollout of the vaccination programme in February 2021. We remain resilient during this transitory period and continue to work on revenue diversification and cost optimisation initiatives, in addition to stringent cash flow management.

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PROSPECTS

The Environmental engineering and utilities segment will continue to focus on replenishing its order book and exploring new project opportunities.

Performance of the Property segment remains challenging, both in the area of investment properties and property development. Management will continue to work on various initiatives to improve footfall in our malls as well as to increase sales of our development properties.

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PROSPECTS

The Covid-19 pandemic will continue to weigh on our Film exhibition and distribution and Property segments. The other main business segments, which are mainly in the production and distribution of staple food and services, are expected to perform satisfactorily. Wilmar's performance will continue to contribute substantially to the overall profitability of the Group.

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