HALF YEAR RESULTS30 JUNE 2006

PPB GROUP BERHAD

Presented by Ms Koh Mei Lee, Senior Manager (Corporate Affairs)

AgendaAgenda

1. Group financial highlights1. Group financial highlights

2. Dividend record2. Dividend record

3. Share information3. Share information

4. Prospects for 20064. Prospects for 2006

Financial resultsFinancial resultsJan to June

2006 2005 Change(restated)

RM mil RM mil %Revenue 5,223 5,317 (2)Profit from operations 209 242 (14)Net profit from investing activities 122 54 126Share of associates/ JV 54 16 238Finance costs (11) (7) 57PBT 374 305 23Tax (54) (79) (32)PAT 320 226 42Minority interest (77) (37) 108Net profit 243 189 29EPS (sen) 20.49 15.91 29

Segmental information – Segmental information – Jan to June 2006Jan to June 2006

Sugar & caneSugar & cane7%7%

Grains trading,Grains trading,flour & feedflour & feed

milling milling 8.3%8.3%

Edible oilsEdible oilsrefining & tradingrefining & trading

71.1%71.1%

Oil palmOil palmplantationsplantations

5.2%5.2%

Waste Waste management & management &

utilities utilities 0.8%0.8%

Film Film exhibitionexhibition

1.1%1.1%

PropertyProperty0.4%0.4%

OthersOthers6.1%6.1%

RevenueRevenueTotal RM5.2 billionTotal RM5.2 billion

Segmental information – Segmental information – Jan to June 2006Jan to June 2006

Sugar & caneSugar & cane-0.2%-0.2%

Grains trading,Grains trading,flour & feedflour & feed

milling milling 21.7%21.7%

Edible oilsEdible oilsrefining & tradingrefining & trading

26.1%26.1%

Oil palmOil palmplantationsplantations

38.2%38.2%

Waste Waste management & management &

utilities utilities 0.6%0.6%

Film Film exhibitionexhibition

3.9%3.9%

PropertyProperty2.8%2.8%

OthersOthers6.9%6.9%

Operating profitsOperating profitsTotal RM216 millionTotal RM216 million

Major contributors to group operating profitMajor contributors to group operating profit

52.5

-0.5

18

47

6056

68

82

-10

0

10

20

30

40

50

60

70

80

90

Sugar &cane

Grainstrading, flour

& feedmilling

Edible oilsrefining &

trading

Oil palmplantations

Y2005 Y2006 Reason for higher/ lower profitsSugar & caneHigh raw sugar prices.

Grain trading, flour & feed millingImproved sales volume.Better margins

Edible oils refining & tradingLower refining margins.

Oil palm plantationsForeign exchange translation gain.Higher CPO prices.Average CPO price realised :- Jan to June 2006 RM1,376/tonne Jan to June 2005 RM1,354/tonne

RM MillionRM53mil(101%)

RM4mil(6%)

RM29mil(161%)

RM14mil(22%)

Major contributors to group operating profitMajor contributors to group operating profitReason for higher/ lower profitsWaste management & utilitiesDivestment of loss making subsidiary, Marathon Equipment Asia Pte Ltd.

Film exhibitionStrong line up of blockbuster films.Contribution from new cinema.

PropertyMost of the residential houses have been sold

OthersLivestock (down RM11.4million)Manufacturing & trading in chemical (down RM6.1million)

Gloves (down RM3.4 million)

-21

8.5 7.96.6 6.1

40

15

-5

0

5

10

15

20

25

30

35

40

Wastemanagement

& utilities

Filmexhibition

Property Others

Y2005 Y2006RM Million

RM0.5mil(8%)

RM25mil(62%)

RM3mil(169%)

RM0.6mil(8%)

PBT for 5 yearsPBT for 5 years

501

707 734629

374

0100200300400500600700800

2002 2003 2004 2005 2006 6

months

RM Million

Cash and borrowingsCash and borrowings

1141

1083

505

578

236

753

517

150

367

58Net cash

Cash & deposits

Total borrowings

LT borrowings

ST borrowings

30.6.06 31.12.05RM MillionAs at 30 June 2006ST borrowings RM millionBA 379ST loan 199Total 578

LT borrowings/Equity 9.7%

Dividend recordDividend record

DividendPer Share

NetDividend

NetDividend Payout ratio

Gross Net Paid/payable Yield Group Company

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

20062006-Interim*-Interim* 5.05.0 3.63.6 42.67842.678 0.90.9 17.617.6 38.038.0

2005 20.0 14.4 170.712 3.5 43.3 115.9

2004 15.0 11.85 140.482 3.5 35.1 75.4

2003 12.5 10.26 100.675 3.1 27.1 72.3

2002 23.25 21.50 210.968 10.9 86.8 97.6

* The Board declared an interim dividend of 5 sen for the financial year 2006 which is payable on 28 September 2006

Share performanceShare performance

3.6

3.8

4

4.2

4.4

4.6

4.8

Sept Oct Nov Dec Jan Feb Mac Apr May June July Aug

PPB

Shar

e Pr

ice (R

M)

860870880890900910920930940950960

Com

posi

te In

dex

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

927.54

4.24

30/9/05

899.79

4.16

31/12/05

30/8/06

4.58

958.12

2005 2006

Jan to June 2006 PPB KLCI

High RM4.38 970.46

Low RM3.82 883.29

Closing RM4.00 914.69

Prospect for 2006Prospect for 2006

Sugar refining

operations are likely to record lower profits due to

high raw sugar price.

Oil palm plantation is expected to contribute

better results. assuming CPO prices

and forex (Rp vs USD)

remains at current level.

Other businesses

are expected to maintain its profits as in previous

year.

The Group envisaged that the results for the year will be better than 2005