MMC GroupFY2015 Financial Results

886 947

1,960

8,766 8,309

5,054

2

KEY HIGHLIGHTS – Improved operational performance

In RM million

Revenue

FY2014 FY2015 assuming Malakoff remained as a subsidiary

FY2015

• Revenue dropped by 42% (-RM3,712mil) mainly due to:

a. Deconsolidation of Malakoff following its listing on 15 May 2015;

b. Absence of substantial sale of land in respect of the overall development of Senai Airport City;

c. Lower work progress recorded from Klang Valley Mass Rapid Transit (KVMRT) Sungai Buloh-Kajang

(SBK);d. Completion of Electrified Double Track project in

November 2014.

42%YoY

Pre-tax profit

>100%YoY

*Including the gain from Malakoff IPO of RM1,344 mil.

*

• Group PBT jumped >100% (RM1,074mil) mainly due to:

a. Gain arising from Malakoff IPO of RM1,344mil; b. Fair value re-measurement in NCB’s investment of

RM143.5 million;c. Higher contribution from Malakoff with the recovery

at Tanjung Bin power plant;d. Higher contribution from Ports & Logistics division

due to increase in throughput handled at PTP coupled with lower operating costs given PTP’s continued cost efficiency and productivity programs.

3

KEY HIGHLIGHTS BY DIVISIONS

Ports & LogisticsEngineering & ConstructionEnergy & Utilities

Revenue +16% PBT +93%

• Higher revenue in-line with

higher volume handled at PTP

and consolidation of NCB.

• Higher PBT largely due to gain

on fair value re-measurement in

NCB’s investment as well as

higher margin at PTP in-line

with continuing cost efficiency

and productivity programs.

• Lower revenue following the

deconsolidation of Malakoff, post

IPO listing.

• Conversely, the segment

recorded a significant increase in

profit before zakat and taxation

primarily due to the exceptional

gain of RM1,344.1 million being

gain on sale of Malakoff shares

following completion of

Malakoff’s IPO listing

Revenue -63% PBT >100% Revenue -13% PBT -44%

• Lower revenue due to lower

work progress recorded from

KVMRT-SBK line project with the

completion of tunneling drive

works in April 2015 and

completion of Electrified Double

Track Project in November 2014.

4

REVENUE BREAKDOWN – Lower contribution from Energy division

Quarter Cumulative

424 556 556

1,482 1,372

287 314

314

111 86

86 1,646 1,907 1,907

5,594 5,299

2,044

1,104 964

964

421 139

139

4Q14 4Q15* FY2015* FY2015FY20144Q15

2,304 2,328

956

8,766

8,309

5,054

Engineering & ConstructionsEnergy & UtilitiesPorts & Logistics Others

FY2015 Revenue breakdown

38%

40%

19%

3%

FY2014 Revenue breakdown

19%

64%

13%

5%

Moving forward MMC will no longer recognize revenue from

Energy & Utilities division as water treatment subsidiary has

been included in ‘others’ segment in accordance with MFRS 8

requirements effective Sept’15.

*Assuming Malakoff remained as a subsidiary

In RM million

254 490 490

647743

1756

311173

173

(326) (459) (459)

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PBT BREAKDOWN – E&U division propelled by listing gains

FY2015* FY2015FY2014

886

In RM million

947

1,960 #

Note:*Assuming Malakoff remained as a subsidiary#Including gain from Malakoff IPO

PBT breakdown

46%

38%

16%

*Excluding gain from Malakoff IPO

4Q14 4Q15* 4Q15

Ports & Logistics61.0 228.0 228.0

Energy & Uti.208.0 181.0 62.0

Eng. & Consts99.0 12.0 12.0

Others(20.0) (123.0) (123.0)

Total348.0 298.0 179.0

Engineering & ConstructionsEnergy & UtilitiesPorts & Logistics Others

PORTS & LOGISTICS: Handled more container and gateway boxes

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Note:Consolidation of NCB as an associates (Jan 15 – Nov 15) and as a subsidiary in Dec 15*Inclusive of gain on fair value re-measurement of RM143.5 mil

1,043 1,200

603

618

88

FY2014 FY2015

106 191148

165

134

FY2014 FY2015

PTP JPB NCB

*

1,646

RM261mil

1,907

RM

mill

ion

Revenue

16%

Pre-tax profit

254

490

RM236mil93%

Operational Statistics

Port of Tanjung Pelepas

Volume FY2015Growth (YoY)

Container (mil. TEUs) 9.12 7.0%

Conventional Cargo (in mil. FWT)

FY2015Growth (YoY)

Liquid bulk 12.71 14.9%

Dry bulk 4.35 -10.3%

Break bulk 0.98 13.7%

Total Conventional 18.0 7.5%

Container (in '000 TEUs) 800.5 1.0%

Johor Port Berhad

Northport (M) Bhd

Throughput (in mil. FWT)

FY2015Growth (YoY)

Liquid bulk 2.29 -0.1%

Dry bulk 2.16 2.7%

Break bulk 3.31 13.4%

RORO 0.59 -38.5

Total Conventional 8.35 0.83%

Container (in mil. TEUs) 2.83 10.1%

595 706375

52 3737

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ENERGY & UTILITIES: De-consolidation effect

Revenue Pre-tax profit

RM million

5,594 5,299

2,044

FY2015* FY2015FY2014

Note:*Assuming Malakoff remained as a subsidiary#Excluding gain on IPO

FY2015* FY2015#FY2014

RM3,550 mil

63% YoY

RM235mil

36% YoY

647743

412

Lower revenue mainly due to de-

consolidation of Malakoff.

Excluding the gain on Malakoff, lower

PBT following the de-consolidation of

Malakoff, post-IPO.

Nevertheless, overall performance at

Malakoff has improved as compared

against FY2014 due to higher

contribution from Tanjung Bin Power

and lower net finance cost.

Remarks

Malakoff Gas Malaysia

311

173

FY2014 FY2015

1,104

964

FY2014 FY2015

8

RM140mil

RM

mill

ion

Revenue

13%

Pre-tax profit

RM138mil44%

Operational Statistics

KVMRT 1 Project Progress

ENGINEERING & CONSTRUCTION: Strong order-book

Projects As at Sept 2015 As at Dec 2015

Tunneling 81.8%84.0%

Elevated 64.6%72.8%

Overall 72.3%77.3%

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Historical transaction

Company *TransactionAreas (acre)

EcoWorld Sold384

Hersheys Leased (99years)41

IPark Development(AME)

Sold189

Fuji OilLeased (60 years)

25

Total 639

Balance 2,079

SENAI LANDBANK –Continuously unlocking valueSENAI AIRPORT CITY

Total SAC Land: 2,718 acres

*Full revenue and profit recognition for all transactions upon completion of the condition precedents.

10

SENAI AIRPORT TERMINAL –Another record year of passengers handled

Senai Airport Terminal

Operational Statistics

Operational Data FY2015Growth (YoY)

Passengers Traffic ('000)

Domestic 2,227 7.4%

International 355 40.3%

Total 2,582 11.0%

Cargo (tonnage) 5,272 6.9%

1.17 1.22 1.32 1.33 1.80

2.07 2.23

0.14 0.02 0.02 0.05

0.19

0.25

0.36

2009 2010 2011 2012 2013 2014 2015

Domestic International

Passengers handled (2009 – 2015)

1.31 1.241.34

1.38

1.99

2.322.59

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Note 17: Current Prospects

Ports & Logistics

Growing volumes at PTP and JPB. Additional contribution from NCB which will be consolidated arising from the

completion of the acquisition. Improve operational performance due to operational and cost synergies between

the ports.

Energy & Utilities Group’s revenue and earnings will be reduced as a result of full year impact of the

deconsolidation of Malakoff. However, the division is expected to perform better supported by

a. Improved performance at Malakoffb. Completion of an additional 1,000MW in Tanjung Bin Energy power plant

expected in March 2016c. Higher gas volume sales at Gas Malaysia

Engineering & Construction

Substantial existing order-book anchored by KVMRT SBK Line Other secured project:

Langat 2 Water Treatment Plant Langat Centralized Sewerage Project Infra work for Rapid Pengerang co-generation plant PDP role for KVMRT2 project

The Group remains positive on its prospects, driven by stable performance of its operating companies together with contribution from on-going construction projects.

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DISCLAIMER

This presentation is not intended to form the basis of any investment decision with respect to MMC Corporation Berhad(MMC). Neither this presentation nor anything contained herein shall form the basis of, or be relied upon in connectionwith, any contract or commitment whatsoever. This Presentation is solely based upon Information of MMC. Norepresentation or warranty, express or implied, is or will be made by MMC in relation to, and no responsibility or liability isor will be accepted by MMC as to the accuracy and completeness of, the Information made available, and any liabilitytherefore is expressly disclaimed.

This Presentation contains “forward-looking statements”. Forward-looking statements by their nature involve known andunknown risks, uncertainties and other factors that are in many cases beyond MMC’s control. Although MMC believes thatthe expectations of its management as reflected by such forward-looking statements are reasonable based on informationcurrently available to it, no assurances can be given that such expectations will prove to have been correct. Accordingly, youare cautioned not to place undue reliance on such forward-looking statements. In any event, these statements speak only asof their dates, and MMC undertakes no obligation to update or revise any of them., whether as a result of new information,future events or otherwise.

This presentation and its contents are strictly confidential and must not be copied, reproduced, distributed, summarized,disclosed referred or passed on to others at any time without the prior written consent of MMC.

Investor Relations | www.mmc.com.my

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Thank You

Group Strategy | Investor RelationsMMC Corporation Berhad

+603 2071 1122 investor@mmc.com.my