20132013

1

Expanding Regional Presence

Guilin & Lipu –

2 LPG Bottling Plants & retail outlets

Wuzhou & Cangwu –

2 LPG Bottling Plants & retail outlets

Maoming –

1 LPG Bottling Plant & retail outlets

Zhuhai –

1st class sea terminal; 2 LPG Bottling Plant & retail outlets

Oil products Storage in construction (shall be operative in early 2013)

Philippines & Vietnam –

Re-exporting markets of LPG

Regular supply on term contract basis

Hong Kong –

Obtained RGSC License in Sept. 2011; scheduled to start bottled LPG distribution in Nov. 2012

Bunker Station services in May 2012

Macau –

Conducting bottled LPG retailing since 2010

To provide cross border bottle refilling services

Deqing –

1 LPG Bottling Plant & retail outlets

Qingyuan & Huadu –

3 LPG Bottling Plants & retail outlets

Guangzhou –

17 Auto-gas Stations operative in 2012

4 LPG Bottling Plants & retail outlets

Shenzhen –

1 LPG Bottling Plant & retail outlets;

Providing cross border bottle refilling services

2

Expanding Product Coverage and Distribution Channels

Ordinary C3 – C4 Mixture

Auto – gas

Specific C3 – C4 Mixture

Natural Gas

Oil Products

Liquefied Petroleum Gas (“LPG”)

Auto-gas refueling stations Buses \ Taxies

Tanker trucks or bottles

Labor delivery in bottles Households \ Commercials

Industrial Users

Gasoline Stations

Gasoline

Diesel

IF380 & IF180

MGO

Bunkers

Bunker Stations

Cargo Ships \ Cruise Liners

Barges \ Lighters

Trucks \ Sedans

LNG

Pipeline Network

Refueling Stations

CNG Households \ Commercials

Buses \ Industrial Users

To develop in cooperation with a Chinese Oil Major in near future

Products and distribution channels developed

33

443 437

50235442

99

0

1000

2000

3000

4000

5000

6000

7000

1H2011 1H2012

Electronics LPG Petroleum

HK$ millionREVENUE

165

229

0

50

100

150

200

250

1H2011 1H2012

Net Earnings

Group Net Earnings

9.3%

38.7%

HK$ million

709

819

20

600

650

700

750

800

850

1H2011 1H2012

LPG Petroleum

ENERGY SALES VOLUME

18%

2011 full year 1H 2012

Annualized Turnover/ Fixed Assets

HK$ 4.6: HK$ 1.0 HK$ 5.1: HK$ 1.0

Annualized PE Ratio

7X 9X

Annualized earnings per share

HK$23.45 cents HK$35.08 cents

‘000 tons

Interim Financial Results - Achieved Record Earnings

44

Unit: HK$ million 1H2011 % Increase 1H2012 %

LPG Gross Profit 176.0 83% +182% 496.4 91%

Petroleum Gross Profit 0 0% na 1.3 0%

Electronics Gross Profit 35.7 17% +36% 47.2 9%

Total Gross Profit 211.7 100% +157% 544.9 100%

Gross Margin 3.9% 9.1%

Interim Financial Results - Prominent improvement in Gross Profit

55

LPG ‘000 tons1H2011 1H2012 Growth Rate

Wholesale – Overseas customer 249 219 -12%

Wholesale – Industrial Customers 184 278 +51%

Wholesale – Auto-gas Operators 97 8.3 Largely transfer to retail

Wholesale – Other plants/terminals 68 62.5 -8%

Wholesale Total 598 567.8 -5%

Retail – Bottled LPG 111 134.8 +22.5%

Retail – Auto-gas refueling 0 116.5 New

Retail Total 111 251.3 +126%

All Total 709 819.1 +16%

Major contributors to the Gross Profit Improvement

66

Earnings Drivers for the ensuing years

1) Expansion of product offering1) Expansion of product offering

2) Expansion into auto-gas refueling business to capture the higher margin in the retail market

2) Expansion into auto-gas refueling business to capture the higher margin in the retail market

3) Entering Hong Kong’s LPG retail market3) Entering Hong Kong’s LPG retail market

In addition to LPG, we started to offer oil products leveraging on our existingSupply chain and client base.

Full Integration of the 17 auto-gas refueling stations in Guangzhou, with further expansion through the cooperation with Sinopec Guangdong.

To launch in full scale bottled LPG distribution in Hong Kong soon; leveraging on lower cost compared to local competitors.

Our vision is to become a leading integrated Our vision is to become a leading integrated

fuel supplier in Southern Chinafuel supplier in Southern China

77

Appendix 1

HK$ million 2011 1H2012

Cash 878 8% 793 7%

Current Assets 8,433 79% 9,070 79%

Fixed Assets 2,189 21% 2,371 21%

Total Assets 10,622 100% 11,441 100%

Current Liabilities 8,308 78% 8,909 78%

LT Liabilities 466 4% 496 4%

Equity 1,848 18% 2,036 18%

Total liabilities + Equity 10,622 100% 11,441 100%

FY2011 (Full Year) HY2012 (Half Year)

Inventory Turnaround Time 16 days 21 days

A/C receivables Turnaround Time 77 days 51 days

Long term Liabilities / Fixed Assets 21.3% 14.9%

Current Ratio 101% 102%

NAV/share HK$1.42 HK$1.56

Annualized Earnings/share HK$0.24 HK$0.35

Return on Equity 16.4% 22.5%

Number of shares outstanding 1,305,853,374 1,305,853,374

8

• Pretax Profit Margin has markedly improved from 1.8% to 3.3% in the latest year

• Globally Ranked 187th by turnover

• Globally ranked 115th by profit before tax

Appendix 2

9

1. Income Stream：：：：Not relying on one-off connection fee income; sales growth and profitability are both sustainable

2. Dividend Policy：：：：Along with increase in profit, dividend yield is anticipated to reach 3% in 2012; further increase in ensuing years

3. Market Cap：：：：Current market cap is about 24.7% of Enterprise value estimated by Bloomberg.com – a hugh growth potential

4. International recognition: Always appear in LPG international conferences (by invitation)

5. Financial support: Ample support by both the international and major domestic banks and financial institutions.

70.0%72.9%49.1%(A) / (B)

HK$39.9 billionHK$48 billionHK$11.2 billion(B) Enterprise Value (estimated by Bloomberg.com)

2.37X3.07X2.70XMarket Cap / NAV

HK$11,842 millionHK$11,447 millionHK$2,036 millionNAV

HK 218.9 cents

14.76X

HK$35 billion @32.7

34.59%

83.66%

HK$0.91 : HK$1.0

HK$23,177 million

HK$21,057 million

ENN Energy

15.03X9.8XPE Ratio

HK 42.0 centsHK 34.9 centsEarnings per share

HK$28.1 billion @6.16HK$5.5 billion @4.23(A) Market Cap

HK$23,033 millionHK$2,371 millionFixed Assets

HK$17,133 millionHK$11,956 millionTurnover

30.45%20.32%L-T bank borrowings / Fixed Assets

71.17%101.8%Current Ratio

HK$0.74 : HK$1.0HK$5.1 : HK$1.0Turnover / Fixed Assets

China GasNewOcean Energy

Appendix 3

10

Disclaimer

The presentation prepared by NewOcean Energy Holdings Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to for many basis of investment decision for any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without seeking professional advice. The presentation is a brief summary in nature and do not purport to be a complete description of the Company, its business, its current or historical operating results or its future business prospects. This presentation is provided without any warranty or representation of any kind, either expressed or implied. The Company specifically disclaims all responsibilities in respect of any use or reliance of any information, whether financial or otherwise, contained in this presentation.

This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and involve known and unknown risks and uncertainty that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Certain statements, such as those that include the words “potential”, “estimated”, “expects”, “anticipates”, “objective”, “intends”, “plans”, “believes”, “estimates”, and similar expressions, or variations on such expressions may be considered “forward-looking statements”. Forward-looking statements involve inherent risks and uncertainties. Readers should be cautioned that a number of factors could cause actual results to differ in some instances materially, from those anticipated or implied in any forward-looking statement. Forward-looking statements speak only as of the date they are made, and it should not be assumed that they have been reviewed or updated in the light of new information or future events.