Accelerating to the

Next Phase of Growth

1

Real EstateAutomotive &

Heavy Equipment Consumer Investments

• Leading developer

• 10 million sq ft of

LDRS

• Distribution rights for

international brands

• F&B retail, distribution

& wholesale

• Cold chain logistics

• Telecommunications

• Tourism

• Solar Power

Financial Services

• Wave Money

• Automotive

Leasing and Hire

Purchase

• Consumer Credit2

YOMA STRATEGIC’S CORE PILLARSBuilding strong verticals and collaboration

STRONG CORPORATE GOVERNANCE FOCUS

3

Ranked top 5% out of 606 SGX-listed companies, 2017

Singapore Governance & Transparency Index

Best Managed Board Award (Gold), 2016

Singapore Corporate Awards for the S$300 million to S$1 billion Market Cap

Category

Ranked 17th among the 100 largest SGX-listed companies, 2015

ASEAN Corporate Governance Scorecard

Ranked the Most Transparent Company, 2015

SIAS Investors’ Choice Awards for the Construction & Materials Category

4

JOURNEY AND STRATEGIC ROADMAP

FY2006 – FY2010

Mainly Pure Play Real

Estate Developer

▪ Focus on real estate business

▪ Leveraging the Group’s strongest core competency

▪ Minimal exposure in other sectors

▪ Diversify broadly into many sectors

▪ Act as an incubator for new businesses

▪ Leverage the Group position as the partner of choice

▪ Begin to identify core focus sectors

▪ Streamline into three most promising

▪ Fast expansion of non-real estate businesses

▪ Monetized non-core businesses and assets (e.gParkson, telecom towers investment)

Diversifying Into

Many New

Businesses

Consolidate Into

Core Operations

FY2011 – FY2014 FY2015 – FY2017

TRANSFORMING INTO A DISCIPLINED CONGLOMERATE

6

5

Ahead of our 2020 Target

Non-real-estate businesses

contributed 47% of FY2017 revenue

and 61% of 9M2018 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% 61%

3%

7%

16%

16%18%

91%

78%

45%

37%

21%

FY2014 FY2015 FY2016 FY2017 9M2018

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

6

FINANCALSERVICES

7

THE FINANCIAL SERVICES

MARKET OPPORTUNITY

• Inefficient financial system

bottlenecking economy

• Myanmar is still a cash economy

• 80% of the population remains

unserved by the banking system

• Huge shortage of consumer credit

• Myanmar ranked 177th out of

190 economies in ease of

accessing credit in the

World Bank’s “Doing

Business 2018” report

8

STRATEGIC PARTNERSHIPS

A leading mobile payment

provider in Myanmar

A leading fleet leasing

operator in Myanmar

The leading on-

demand transportation

and fintech platform in

Southeast Asia

9

A Mobile Financial Service Provider

WAVE MONEYThe acquisition of Wave Money is the first step in

seizing this opportunity

Has the biggest distribution network

agents and access to

rural area

9

Who is Wave Money?

• Wave Money is a joint venture between Telenor (51%), Yoma Strategic (34%)*, FMI (10%) and Yoma Bank (5%)

• Mass market focused with goal of providing mobile based financial services throughout Myanmar

• Product offering includes money transfer, either through mobile account or at Wave Money agents, in addition to corporate products

• Additional products include an online payment gateway and salary disbursements

• First licensed provider under the Central Bank of Myanmar’s Mobile Financial Services Regulation in October 2016

* Established in 2015, Wave Money was initially a joint venture between Telenor (51%), FMI (44%) and Yoma Bank (5%). On 6th March 2018, Yoma Strategic announced its plans to acquire a 34% stake from FMI for US$19.4 million. Please refer to the announcement and press release dated 6th March 2018 for more information

10

Banking the unbanked through mobile financial services

▪ Myanmar population thinly served. Less than 20% have a bank account. 60% of adults say they cannot open a bank account without formal employment

▪ Large informal economy – estimated to be 5.4 trillion kyats

▪ Capital constrained and regulated retail financial sector

▪ Limited bank branches (2,000) and ATMs (3,000): lowest per capita in ASEAN

▪ Strong growth in mobile penetration with nearly 80% of the mobile phones sold in Myanmar being smartphones, giving easy access to the internet

▪ Constrained financial product offerings : Products do not meet needs or are lower quality = less value for customers

Wave Money: Creating a Fairer Future for Myanmar

Source: UNCDF MAP Study, 2014, //www.elevenmyanmar.com/local/13371 & Wave Money 11

267 townships covered (out

of 330)

144 Distributors

20,000 active Wave Shops

350+ staff in broader

distribution team

Wave Money has the biggest distribution network

of any regulated financial institution in Myanmar

Wave Money network is growing its network at 1,500+ Wave Shops per month

Currently 10X the distribution of bank branches, and 6X the distribution of ATMs in Myanmar

Source: Wave Money12

Monthly Money transfer transactions grew by CMGR of 31% while

volumes grew by 30%

Source: Wave Money

• WST is Wave Shop Transfer, an over the counter money transfer.

• WA is Wave Account, a customer account connected to the MSISDN.

• WST Transactions includes WST-WST and WST-WA• Transfer Volumes includes WST-WST, WST-WA,

WA-WA, WA-WST, Cash-In and Cash-Out

Compound Monthly

Growth Rate (CMGR) of

CMGR of

13

Monthly Revenue grew by 1130% (annual) and 22% (CMGR)

• Revenue includes prepaid airtime sales in addition to money transfer revenues.

Source: Wave Money

Compound Monthly Growth Rate (CMGR) of

14

YOMA FLEETStrong year-on-year growth in fleet size

15

No. of units

124 149 152

280

313 332

359

491 509

540560 565

649

-

100

200

300

400

500

600

700

3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18

PARTNERSHIP WITH GRAB

16

Yoma Fleet to provide vehicle leasing, alongside with financing options

to Grab driver-partners to upgrade quality of taxis in Myanmar

Image: http://www.theindependent.sg/grab-launches-series-of-initiatives-in-myanmar/

17

FOOD

OUR CONSUMER BRANDS & PARTNERSHIPS

18

Franchisee for one of

the world’s largest QSR

brands

F&B STORES BOTTLING

Owns Access Myanmar

Distribution Company

DISTRIBUTION

& LOGISTICS

Kokubu

a leading Japan food

distribution company

Leading International and local brands

Joint venture with

Metro Group

a leading German

specialist in

wholesale and food

retail

21 KFC STORES IN MYANMAR

Yangon Stores

• KFC Bogyoke

• KFC Junction Square

• KFC Myanmar Plaza

• KFC Dagon Centre 2

• KFC Hledan Sein Gay Har

• KFC Capital Hypermarket

• KFC Domestic Airport

• KFC Junction Mawtin

• KFC Junction City

• KFC StarCity

• KFC North Okkalapa

• KFC Aung Mingalar

• KFC AEON Orange Waizayantar

• KFC Super One (Hlaing Tharyar)

• KFC San Pya Market (Thingangyun)

• KFC Yangon International Airport

19

Mandalay Stores

• KFC Plaza @ 78

• KFC The Move (Mingalar

Mandalay)

Taunggyi Stores

• KFC City Square

Bago Stores

• KFC 76th Miles

• KFC Bago

Massive opening day turnout for out Mandalay, Taunggyi and Bago stores

20

EXPANSION OUTSIDE OF YANGON

21

12

22

32

50+

Revenue S$11 million

Store count

March

2017

March

2018

March

2019

2020+

FOOD & BEVERAGE EXPANSION STRATEGY

Phase I:

Nationwide build for

KFC stores

Phase II:

Acquire and develop

new brands

22

MOTOR

23

A Comprehensive Suite of Brands

Heavy Equipment Passenger and

Commercial Vehicles

POSITIONED AS THE MYANMAR EXCLUSIVE DISTRIBUTOR

FOR LEADING BRANDSSequentially building a portfolio of businesses with different growth trajectories

NEW HOLLAND TRACTORS

3Q2018 revenue jumped by44% year-on-year

24

147120

202138

119 119

181

273244

290241264

241

221

159238

228

549

484

457

457598

8.2

5.8

4.7

7.1

6.05.6

5.3

11.0

9.8

12.511.8

0

2

4

6

8

10

12

14

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

Tractors Implements Spare Sparts Services

S$ million

Number of

tractors sold

Number of

implements sold

607 692 775

500

FY2016 FY2017 FY2018

25

NEW HOLLAND TRACTORS

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

Potential Sales in 4Q2018

Number of tractors sold in

9M2018 has exceeded

FY2017.

26

LAND

27

YOMA CENTRAL & THE

PENNISULA YANGON

LEADING MYANMAR PROPERY DEVELOPER WITH 10 MILLION SQ. FT OF LAND BANK

▪ Strategy based on building large scale projects (townships)

▪ Value accretion over time as community grows

▪ Leading developer in Myanmar with 20+ year experience

PUN HLAING ESTATE

652 acres of luxury homes and

amenities

28

29

International Hospital –Pun Hlaing Siloam Hospital

International School –Dulwich College Yangon

Variety of outdoor activities–BMX Course

Gary Player Course –Leopalace21 Myanmar Open 2017

State-of the Art Gym Variety of food options

Building a Community at Pun Hlaing Estate

30

STARCITY

135 acres of housing (middle-to upper market) and amenities

StarCity

Downtown Yangon

Thilawa Special Economic Zone

▪ Located between downtown Yangon and Thilawa Special Economic Zone

▪ Expected to feature 10,000 homes▪ Sold more than 2,000 units*

▪ 1.7 million sq. ft of commercial space

*As at 31 March 2017

31

Building a Community at StarCity

32

INCREASING RECURRING RENTAL INCOMEPortfolio of Investment Properties

Office Development at Pun Hlaing Estate

Retail units in StarCity

Residential

Apartments

33

INCREASING RECURRING RENTAL INCOMEPortfolio of Investment Properties

StarCity CampusPun Hlaing Campus

YOMA CENTRAL & THE PENINSULA YANGONPrime site in the heart of the CBD

• Signed 2 separate extended master leases in July 2016

• Obtained MIC approvals in January 2017

• Groundbreaking ceremony held in February 2017

• Expected completion in FY2021

34

Project Site

YOMA CENTRAL & THE PENINSULA YANGONMore than 1.3 million of retail and office space

35

36

THE PENINSULA RESIDENCES

Target to launch in the coming months

INVESTMENTS

37

INVESTMENTS – KEY HIGHLIGHTS

TELECOMMUNICATIONS

TOWERS

• Investment has grown

more than 3 times

in value to US$70.0 million

• Booked an investment gain

of S$32.2 million in FY2017

• Disposed of 12.5% interest

and still holds a remaining

12.5% interest for US$35.0

million

TOURISM

ASSETS

• The spin-off of the Group’s

tourism related businesses,

which include Balloons over

Bagan, Bagan Land and Pun

Hlaing Lodge, was completed

26 December 2017

• Hold 47.6% interest in

Memories Group Limited,

which is listed on the Catalist

Board of SGX

DISTRIBUTED

POWER NETWORK

• Pilot programme expected

to be operational in FY2018

• Holds a 47.5% interest in

the company

38

FINANCIAL HIGHLIGHTS

39

S$124 m 40.4% S$36 m 15.0%

RECORD REVENUE

Driven by Consumer

and Automotive

& Heavy Equipment

businesses

GROSS PROFIT MARGINS

Improved margins

in Real Estate &

Consumer businesses

from FY2016

NET PROFIT ATTRIBUTABLE

TO EQUITY HOLDERS

Lifted by strong

gross profit and

other income

FINANCIAL GEARING RATIO

Remains below

the Group’s

40% financial

gearing target

40

FY2017 KEY FINANCIAL HIGHLIGHTSDelivering resilient performance

FINANCIAL PERFORMANCE SINCE 2013

S$ Million

60.5

100.5

110.9 111.9

124.2

26.2

44.7 45.640.7

50.1

14.4 16.4

28.137.2 35.9

FY2013 FY2014 FY2015 FY2016 FY2017

Revenue Gross Profit Net profit attributable to Equity Holders

41

HEALTHY BALANCE SHEET

1The 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

Total Capital Net Debt

EBITDA Interest

43

Access to Equity Markets

• June 2012: 4 for 5 rights issue at S$0.24 per share raised S$101 million

• November 2012: Placement at S$0.525 per share raised S$100 million

• June 2014: Placement at S$0.70 per share raised S$95 million

• February 2015:1 for 3 rights issue at S$0.38 per share raised S$164 million

• November 2017: Placement at S$0.53 per share raised S$82 million

Diversified Sources of Bank Borrowings

Remaining capacities under various financing facilities with:

– Asian Development Bank

– International Finance Corporation

– Term corporate facilities with commercial banks

– Working capital lines with commercial banks

Non-Core Asset Sales

• An investment property comprising a shopping center and retail stores in Dalian, China

• 12.5% of the Group’s remaining stake in edotco Singapore at a minimum valuation of US$

35 million

• 47.6% investment in Memories Group, a tourism focused company listed on SGX

SOURCES OF FUNDING

44

45

Unit: Thousand S$FY2013

(Audited)

FY2014

(Audited)

FY2015

(Audited)

FY2016

(Audited)

FY2017

(Audited)

9M/FY2017

(Unaudited)

9M/2018

(Unaudited)

Revenue 60,467 100,493 110,927 111,868 124,184 66,739 82,948

Cost of sales (34,260) (55,837) (65,340) (71,134) (74,058) (39,649) (51,297)

Gross profit 26,207 44,656 45,587 40,734 50,126 27,092 31,651

Other income, net 8,125 6,840 31,342 55,583 66,949 41,268 43,576

Administrative expenses (18,287) (25,292) (32,172) (46,183) (51,750) (35,494) (40,329)

Finance expenses - (608) (1,244) (3,092) (16,049) (17,092) (3,397)

Share of (losses)/profits of joint ventures (3) (56) 25 (2,137) (1,753) (1,446) (932)

Share of (losses)/profits of associates - - (314) 2,607 (518) (1,404) (581)

Profit before income tax 16,042 25,540 43,224 47,512 47,005 12,049 29,991

Income tax expense (1,781) (1,606) (3,909) (3,507) (4,419) (491) (454)

Net profit 14,261 23,934 39,315 44,005 42,586 11,602 29,182

Net Profit attributable to equity shareholders 14,444 16,392 28,051 37,188 35,871 11,049 23,169

Unit: Thousand S$FY2013

(Audited)FY2014

(Audited)FY2015

(Audited)FY2016

(Audited)FY2017

(Audited)9M/FY2017

(Unaudited)9M/2018

(Unaudited)

Profit before income tax 16,042 25,540 43,224 47,512 47,005 12,049 29,991

Add: Interest expense - 1,100 1,264 4,163 8,903 6,687 10,886

Add: Depreciation 335 942 2,042 5,039 8.543 6,062 7,798

Add: Amortisation 520 805 1,006 1,723 1,723 1,292 1,149

EBITDA 16,897 28,387 47,536 58,437 57,640 26,090 49,824

Financial PerformanceIncome Statement

46

Unit: Thousands S$FY2013

(Audited)

FY2014

(Audited)

FY2015

(Audited)

FY2016

(Audited)

FY2017

(Audited)

9M/FY2018

(Unaudited)

ASSETS

Current assets

Cash and cash equivalents 106,179 16,741 20,025 13,439 34,825 22,343

Trade and other receivables 35,353 86,074 89,212 58,186 58,685 47,379

Inventories 1,699 671 14,115 13,946 33,159 32,056

Development properties 22,749 39,442 169,210 182,894 262,789 337,724

Other current assets 2,031 23,942 21,617 13,935 24,690 72,281

Financial asset at fair value through profit or loss - - - 63,098 49,843 47,697

Land development rights 10,898 9,318 28,341 16,790 7,832 7,899

Assets of disposal group classified as held for Sale (tourism assets) - - - - - 49,073

178,909 176,188 342,520 362,288 471,823 567,879

Non-current assets

Trade and other receivables - - 16,980 61,805 79,995 15,635

Other non-current assets - 580 394 651 688 1,197

Available-for-sale financial assets - 8,442 4,379 4,918 6,084 7,408

Investments in joint ventures 739 683 4,248 9,816 11,854 11,564

Investments in associated companies - - 40,410 28,523 29,267 74,800

Call option to acquire land - 13,161 13,161 13,161 - -

Investment properties 88,830 104,657 156,143 192,933 219,314 254,038

Prepayments 12,042 13,390 8,029 6,319 6,865 7,173

Property, plant and equipment 2,509 4,632 16,801 34,273 50,970 71,062

Intangible assets 11,407 12,666 32,189 30,466 28,743 26,964

Land development rights 168,128 148,877 198,846 203,255 211,432 211,322

283,655 307,088 491,580 586,120 645,212 681,163

Total assets 462,564 483,276 834,100 948,408 1,117,035 1,249,042

Financial PerformanceBalance Sheet (I)

47

Unit: Thousands S$FY2013

(Audited)

FY2014

(Audited)

FY2015

(Audited)

FY2016

(Audited)

FY2017

(Audited)

9M/FY2018

(Unaudited)

LIABILITIES

Current liabilities

Trade and other payables 35,102 39,358 59,550 82,008 147,699 112,896

Current income tax liabilities 2,560 2,586 1,880 2,871 5,039 4,669

Borrowings 14,391 - 10,000 58,614 40,841 66,475

Deferred income tax liabilities - 444 1,872 1,634 1,077 777

52,053 42,388 73,302 145,127 194,656 184,817

Non-current liabilities

Trade and other payables - - - - - 18,322

Borrowings 14,391 22,850 28,607 66,876 125,985 111,947

Shareholders’ loan from non-controlling interest 54,498 40,060

Total liabilities 66,444 65,238 101,909 212,003 374,239 355,146

NET ASSETS 396,120 418,038 732,191 736,405 742,796 893,896

EQUITY

Share capital 327,204 327,204 587,583 590,013 591,504 673,130

Other reserves 3,618 7,078 9,140 (23,291) (46,654) (61,305)

Retained profits 26,643 37,250 65,100 102,698 119,328 137,914

Non-controlling interests 38,655 46,506 70,368 66,985 78,618 144,157

Total equity 396,120 418,038 732,191 736,405 742,796 893,896

Financial PerformanceBalance Sheet (II)