Disclaimer :

1

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.

PRESS AND ANALYST BRIEFING

1H2014 Results

3 September 2014

Agenda

2

Group Financial Highlights

Review of Major Operations

Key Achievements in 1H2014

Developments in 2H2014

5-Year Financial Performance

Capital Commitments

Dividend Record

Share Price Performance

Prospects for 2014

3

Group Financial

Highlights

4

(Figures in RM) 1H2014 1H2013 CHANGERevenue 1.84 bil 1.58 bil 16%Operating Expenses 1.71 bil 1.51 bil 13%Share of Wilmar’s Profit 196 mil 300 mil 35%PBT 366 mil 455 mil 20%Profit for the Period 326 mil 427 mil 24%EPS 26.20 sen 35.08 sen 25%

Financial Results FOR THE 6 MONTHS ENDED 30 JUNE 2014

5

1H2014 1H2013

EPS 26.20 sen 35.08 sen

ROE Attributable to Owners of the Parent 2.0% 2.8%

Net Assets Per Share Attributable to Owners of the Parent RM13.04 RM12.51

Financial Ratios FOR THE 6 MONTHS ENDED 30 JUNE 2014

Segmental Information FOR THE 6 MONTHS ENDED 30 JUNE 2013

6

TOTAL REVENUE RM 1.84 bil


Flour & Feed Milling, & Grains Trading 61%

12%

Environmental Engineering, Waste Management & Utilities

3%

Film Exhibition & Distribution 10%

Property Investment & Development 3%

11%

Marketing, Distribution & Manufacturing of Consumer Products

Chemicals, Livestock, Investments & Others*

* Chemicals Trading & Manufacturing [3%], Livestock Farming [3%], Bakery [3%], Frozen Food [1%] & Others [1%]

7

TOTAL SEGMENT PROFITS RM 167mil


Flour & Feed Milling, & Grains Trading 52%

Marketing, Distribution & Manufacturingof Consumer Products

9%

Film Exhibition & Distribution 19%

Environmental Engineering, Waste Management & Utilities

1%

Property Investment & Development 10%

9% Chemicals, Livestock, Investments & Others*

* Livestock Farming [5%] & Investment Income [4%]

8

Review OfMajor

Operations


FLOUR & FEED MILLING, & GRAINS TRADING

Revenue increased in 1H2014 mainly due to:-- Higher sales volume of flour in

Indonesia, Vietnam & Malaysia- Increased animal feed sales

volume & improved selling prices in Malaysia

Segment profit increased in 1H2014 mainly due to:-- Higher sales volume of feed with

improved profit margins- Higher sales volume of flour

9Revenue Segment Profits0

100

200

300

400

500

600

700

800

900

1000

1100

1200

993

69

1162

87

1H20131H201417%

RM Million

27%


10

MARKETING, DISTRIBUTION & MANUFACTURING OF CONSUMER PRODUCTS

Revenue increased in 1H2014 mainly due to:- - Enlarged distributorship of an

agency product since August 2013- Improved sales from other existing

agency products

Segment profit increased in 1H2014 mainly due to:-- In line with revenue growth- Improved sales of agency products

with better margins Revenue Segment Profits

0

20

40

60

80

100

120

140

160

180

200

220

240

193

10.8

224

15.2

1H20131H2014

RM Million16%

40%


11

FILM EXHIBITION & DISTRIBUTION

Revenue increased in 1H2014 mainly due to:-- Improved cinema collections from

blockbuster movies- Higher contribution from

concessions & screen advertising income

- Additional revenue from new cinemas opened in 2013

Segment profit in 1H2014 increased mainly due to increase in revenue.

Revenue Segment Profits0

20

40

60

80

100

120

140

160

180

200

172

27

185

32

1H20131H2014

RM Million8%

17%


12

ENVIRONMENTAL ENGINEERING, WASTE MANAGEMENT & UTILITIES

Revenue increased in 1H2014 due to more on-going projects.

Segment profit decreased in 1H2014 due to new projects at design approval stage and yet to contribute significantly.

In 1H2013, higher profits from completed projects.


5

10

15

20

25

30

35

40

45

50

55

46

2.9

53.0

1.0

1H20131H201417%

RM Million

66%


13

PROPERTY INVESTMENT & DEVELOPMENT

Revenue increased in 1H2014 due to:-- Revenue recognition upon delivery

of vacant possession of bungalows in Bukit Segar

- Higher rental rates from renewal of tenancies

Segment profit in 1H2014 increased due to:-- Higher progress billings- Increase in rental income


5

10

15

20

25

30

35

40

45

50

32

14

48

17

1H20131H2014

RM Million51%

17%


CHEMICALS, LIVESTOCK, INVESTMENTS & OTHER OPERATIONS

Combined segment revenue for 1H2014 increased mainly due to:-- Higher revenue by livestock farming

arising from increased sales volume & higher selling prices of day-old-chicks & eggs

- Most of the other segments reported better performance

Combined segment profit for 1H2014 decreased due to:-- There was a one-time gain of RM16

million on disposal of Tradewinds shares in March 2013

14Revenue Segment Profits0

20

40

60

80

100

120

140

160

180

200

220

240

260

219

16

246

15

1H20131H2014

RM Million12%

8%

15

Key Achievements

in 1H2014

16


FILM EXHIBITION AND DISTRIBUTION

GSC commenced renovations in GSC Mid Valley to increase the number of screens from 18 to 21.

GSC extended its second Dolby Atmos hall at GSC KL Pavilion on 12 June 2014.

Handed over 4 sewage treatment plants under Greater KL scheme.

ENVIRONMENTAL ENGINEERING, WASTE MANAGEMENT & UTILITIES

17


Secured subcontract for mechanical and electrical works for Project Air Mentah RAPID in Pengerang, Johor.

Commissioned the Ngoi-ngoi Water Treatment Plant in mid-April 2014, augmenting drinking water supply in Negeri Sembilan by 150,000m3/day

Accumulated construction order book close to RM500 million.

PROPERTY INVESTMENT & DEVELOPMENT

18


Following the launch of the 14 units of luxury bungalows at Taman Tanah Aman in Seberang Prai in February 2014, the project has achieved 50% sales to-date.

Masera Bukit Segar comprising 13 units of luxury bungalows have been fully sold and 9 units have been handed over to buyers in March 2014. The project achieved a GDV of RM104 million.

19


BAKERY

The Bakery Division commenced commercial production of its new production line of 6,000 loaves-per-hour bread line end-May 2014.

Launch of “Chiffon-in-a-Cup” cake range.

20

Developmentsin 2H2014

The construction of a new 500-mt per day flour mill in northern Vietnam by VFM-Wilmar is expected to be completed by 4Q2014.

FLOUR & FEED MILLING AND GRAINS TRADING

21


In July 2014, Johor Bahru Flour Mill S/B completed the acquisition of a neighbouring piece of land measuring 2.3 hectares in Pasir Gudang, Johor for expansion of its feed milling activities.

GSC opened its 10-screen cinema at Palm Mall Seremban on 23 July 2014.

22


FILM EXHIBITION AND DISTRIBUTION

GSC will be opening 3 new cinemas in Klang Parade (8 screens), NU Sentral, KL (11 screens) and Quill City Mall, KL (10 screens) in 4Q2014.

There are another 9 new cinema projects in the pipeline to be opened in the next 2 years.

23


PROPERTY INVESTMENT AND DEVELOPMENT

Southern Marina Development S/B in which PPB has 28% effective interest is targeting to launch the 1st phase of residential units in its integrated waterfront development in Puteri Harbour, Iskandar Malaysia in 4Q2014.

24

5-YearFinancial

Performance

5-Year PBT of PPB Group

25

Note : PBT for FY2010 excludes the gain of RM841 million from the disposal of the sugar-related assets. If the profit is included, the PBT would be RM1.970 billion.

5-Year PBT of PPB Group

2010 2011 2012 2013 Jan-Jun 2014 -

150

300

450

600

750

900

1,050

1,200 1

,129

1,0

57

917

1,0

63

366

RM Million

Year

26

CapitalCommitments

27

(All figures in RM’Million) 2014As reported previously (6 March 2014) 440Additions/ Project Revision 53

493Amount Spent (151)Balance to be Spent 342

Capital Commitments AS AT 30 JUNE 2014

28

Capital Commitments AS AT 30 JUNE 2014

Flour & Feed Milling, & Grains Trading- 500 mt/day flour mill in Vietnam- Investment in China associates- Expansion & upgrading of plant & machinery

RM103 mil

Film Exhibition & Distribution- Opening of 12 new cinemas- Upgrading of existing cinema equipment

RM188 mil

Property Investment & Development- Upgrading of facilities in shopping mall & office buildingRM6 mil

RM6 milMarketing, Dist. & Mftg of Consumer Products- New warehouse & office buildings- Upgrading of machinery & equipment

RM20 milFrozen Food Processing- Processing plant expansionCAPITAL

COMMITMENTS RM 342 mil

Bakery- Acquisition of bakery machinery, support equipment &

sales vansRM10 mil

RM9 mil Others

29

DividendRecord

Dividend Record

30

Dividend Net NetPayout Ratio

Per Share Dividend Dividend Gross Net Paid/payable Yield Group Company

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

2014Interim# 7 7 83 0.5 26.7 44.4

2013 25 25 296 1.6 30.1 155.0

2012 20 20 237 1.7 28.1 62.9

2011 23 23 273 1.3 27.9 28.52010* 88 88 1,043 5.1 100.0 293.8

# The interim single tier dividend of 7 sen per share is payable on 26 September 2014.* Includes Special Dividend of 65 sen per share in 2010.

Dividend RecordDividend Record

31

Share PricePerformance

Share Price Performance

SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG12.00

12.50

13.00

13.50

14.00

14.50

15.00

15.50

16.00

16.50

17.00

1,700.00

1,720.00

1,740.00

1,760.00

1,780.00

1,800.00

1,820.00

1,840.00

1,860.00

1,880.00

1,900.00

FBM KLCI PPB Shares - Month End Closing Price (RM)

PPB

Sha

res

- Mon

th E

nd C

losi

ng P

rice

(RM

)

FBM

KLC

I

Jan - Jun 2014 PPB FBM KLCIClosing Price (High) 16.68 1,892.33Closing Price (Low) 14.76 1,778.83Closing (30.06.14) 15.14 1,882.71Average Daily Volume 434,765 129,823,712

PPB (29.08.14) RM14.78

FBM KLCI (29.08.14) 1,866.11

2013 2014

33

Prospectsfor

2014

34

Prospects for 2014

PPB Group’s flour and feed milling, consumer products, film exhibition and bakery businesses are anticipated to benefit from the robust domestic consumption for the rest of the year. Several environmental engineering contracts which are scheduled to progress into the construction stage, coupled with the sales of bungalow units in Seberang Prai and Cheras will contribute positively to Group results.

For 2014, the Group’s core businesses are expected to perform well; whilst its overall consolidated financial results will continue to be contingent on Wilmar, which expects better performance in the second half of 2014.

Questions&

Answers

35

Documents

Disclaimer :