HALF YEAR RESULTS 30 JUNE 2004HALF YEAR RESULTS 30 JUNE 2004

Presented by Koh Mei Lee

PPB GROUP BERHADPPB GROUP BERHAD

Group Financial Highlights

Dividend

Share Information

Corporate Developments

Prospects For 2004

agenda

Group Financial Highlights

financial resultsJan to June

2004 2003 Change

RM mil RM mil %

Revenue 5,397 4,252 26.9

Profit from operations 275 287 (4.2)

Profit/(loss) from investing activities

20 6 233.3

Share of associates 45 43 4.7

Finance costs (8) (6) 33.3

PBT 332 330 0.6

PAT 246 243 1.2

Earnings 171 169 1.2

financial resultsJan-Jun Full Year %

(All figures in RM million) 2004 2003 Change

Non-Current Assets 3,543 3,513 0.9Current Assets 2,603 2,290 13.7Less : Current Liabilities (1,173) (980) 19.7Net Assets 4,973 4,823 3.1Financed By :

Share Capital 491 491 -Reserves 2,590 2,497 3.7Shareholders’ Funds 3,081 2,988 3.1Minority Interest 1,510 1,483 1.8Non-Current & Def. Liabilities 382 352 8.5

4,973 4,823 3.1

NTA per share (sen) 621 602 3.2

financial ratios

EPS

34.9 sen34.4 sen

0

5

10

15

20

25

30

35

40

2003 2004

PE (annualised)

9.3x

6.7x

0123456789

10

2003 2004Jan to June

+1%

93

78

49

36

82

79

39

45

0

1

4

6

14

18

11

18

0

20

40

60

80

100

120

140

160

180

RM

milsegmental results

comparisonS

ug

ar &

can

e

Flo

ur,

fee

d &

gra

in m

illin

g

Oil

pal

m p

lan

tati

on

s

Ed

ible

oil

refi

nin

g &

tra

din

g

Was

te m

anag

emen

t &

uti

litie

s

Cin

emas

Pro

per

ty

Oth

ers

Jan to June

Y2003

Y2004

Edible oils refining73%

Others7%

Oil palm plantations4%

Waste management & utility1%

Sugar & cane6% Flour,feed & grain

milling7%

Film1%

Property1%

segmental revenue contribution

Jan to June 2004

RM5.4 billionRM5.4 billionRM5.4 billionRM5.4 billion

Edible oils refining16%

Others6.7%

Oil palm plantations

28%

Waste management &

utility0.3%

Sugar & cane28%

Flour, feed & grain milling13%

Film2%

Property6%

operating profitscontribution

Jan to June 2004

RM281millionRM281millionRM281millionRM281million

PBT for 5 years

369409

322

501

707

332

0

100

200

300

400

500

600

700

800

RM

Mill

ion

1999 2000 2001 2002 2003 6 months2004Year

18.3%

Average growth for 5 years

RM391m

RM250m

RM475m

RM84m

RM725m

RM564m

RM35m

RM674m

RM110m

RM709m

Net cashposition

Cash &deposits

Totalborrowings

LT borrowings

ST borrowings

Dec-03 Jun-04

Cash and borrowings

Dividend

dividend recordDividend Net Payout ratio

per share dividend Company’s of Company’s

Gross Net paid earnings earnings

Year (sen) (sen) (RM million) (RM million) (%)

2004 10.0 8.6 50.977 66.788 76.3 (based on enlarged capital)

2003 25.0 20.5 100.675 139.299 72.3

2002 46.5 43.0 210.968 216.231 97.6

2001 20.0 15.8 68.688 139.909 49.1

2000 20.0 15.8 58.139 117.128 49.6

1999 24.0 17.3 63.585 93.624 67.9

Share Information

0

50

100

150

200

250

300

350

2003 2004Jan to June

0123456789

RM

Volu

me/

day

share information

RM4.78RM4.62RM3.86

RM8.05

RM6.15RM6.50

Average Daily Volume High Low Close

152,000 340,000

+41%+41%

share performance

0

1

2

3

4

5

6

7

8

9

Sep Oct Nov Dec Jan Feb Mac Apr May Jun Jul Aug

PP

B S

ha

re P

rice

(R

M)

0

100

200

300

400

500

600

700

800

900

1000

Co

mp

osi

te In

de

x

PPB Close (Last Trade) KLCI Close (Last Trade)

Yr2003Yr2003 Yr2004Yr2004

RM5.30RM5.30

RM6.40

+21%

RM6.40

+21%

733733

828

+13%

828

+13%

Corporate Developments

major acquisitions and joint ventures

PPB completed the privatisation of FFM Berhad by way of a members’ scheme of arrangement under Section 176 of the Cos. Act, 1965

offer was for 1 new PPB share plus cash of RM2.00 for every 1 FFM share

additional 102,126,817 PPB shares were listed on Bursa Malaysia on 25 August 2004

PPB’s share capital increased to RM592.7 million

FFM became a wholly-owned subsidiary of PPB

major acquisitionand joint ventures

On 9 June 2004, FFM Group expanded its wheat flour milling activity to Thailand through the acquisition of 43.35% interest in Kerry-Glory Flour Mills Co. Ltd for a total cash consideration of Baht 329,454,414 equivalent to RM30.7 million.

On 7 May 2004, PGEO Group entered into a JV with KOG Investments Pte Ltd, S’pore to construct and operate an edible oils and fats processing facility in Rotterdam, Netherland through KOG Edible Oils BV (KOGBV) at a total cost of Euro 27.7 million. PGEO Group subscribed for 35% interest in KOGBV for a total cash consideration of Euro 4.2 million.

Prospects for 2004

prospects for 2004

Group’s profitfor 2004 is likely to match thatof year 2003

Group’s profitfor 2004 is likely to match thatof year 2003

Thank You