Q2 FY2017 RESULTS & BRIEFING15 JUNE 2017

PROFIT & LOSS STATEMENTAS AT 30 APRIL 2017

RM’0001ST QUARTER ENDED

31 JAN 2017

2ND QUARTER ENDED

30 APR 2017

PERIOD ENDED

30 APR 2017

Revenue 592,714 670,018 1,262,732

Gross Profit 126,332 131,161 257,493

Gross Profit Margin % 21% 20% 20%

Other Operating Income 110,319(1) 15,915 126,234

Selling & Marketing Expenses (12,094) (20,030) (32,124)

Administrative Expenses (76,641) (59,417) (136,058)

Finance Costs (11,518) (14,571) (26,089)

Share of Results of Joint Ventures (4,613) (2,823) (7,436)

Share of Results of an Associated Company (173) (258) (431)

Profit before Taxation 131,612 49,977 181,589

Taxation (15,447) (16,296) (31,743)

Net Profit 116,165 33,681 149,846

Basic Earnings per Share (Sen) 4.17 1.16 5.28

(1) Inclusion of a gain of RM94.8 million which arose from the application of FRS 10 – Consolidated Financial Statements

BALANCE SHEETAS AT 30 APRIL 2017

RM’000PERIOD ENDED

30 APR 2017 31 JAN 2017

No. of Ordinary Shares 2,944,368 2,796,692

Share Capital 3,614,875 3,406,956

Shareholders’ Funds 4,205,676 3,964,091

NA per Share (RM) 1.43 1.42

Total Cash 273,100 458,325

Total Borrowings 3,217,492 2,639,316

Net Cash / (Debt) (2,944,392) (2,180,991)

Gross Debt – Equity Ratio (x) 0.77x 0.67x

Net Debt – Equity Ratio (x) 0.70x 0.55x

Return on Equity (%) 3.56% 2.93%

HIGHER GEARING IN FY2016 & 2017 DUE TO LIFE CYCLE PROFILE OF CURRENT PROJECTS & SUBSCRIPTION

TO EWI’S IPO IN APRIL 2017.

PRIVATE PLACEMENT COMPLETED IN MARCH 2017 RAISING GROSS PROCEEDS OF RM770 MILLION

MALAYSIAN PROJECTS SALES BREAKDOWNAS AT 31 MAY 2017

PROJECT

CUMULATIVE SALES

FY2014 – FY2016MAY 2017

CUMULATIVE SALES

FY2014 – MAY 2017

UNITS

LAUNCHED

UNITS

SOLD

SALES VALUE

(RM’000)

UNITS

LAUNCHED

UNITS

SOLD

SALES VALUE

(RM’000)

UNITS

LAUNCHED

UNITS

SOLD

SALES VALUE

(RM’000)

Saujana Glenmarie - 24 76,921 - - - - 24 76,921

Eco Sky 1,116 863 701,801 - 16 12,997 1,116 879 714,798

Eco Majestic 4,757 3,598 2,075,168 - 229 104,378 4,757 3,827 2,179,545

Eco Sanctuary 1,250 779 1,132,196 69 74 129,053 1,319 853 1,261,249

Eco Ardence 432 201 307,040 141 244 426,797 573 445 733,837

Eco Grandeur 1,817 1,318 412,499 726 763 465,411 2,543 2,081 877,910

BBCC 735 173 696,448 3 126 190,241 738 299 886,689

SUB-TOTAL ECO CENTRAL 10,107 6,956 5,402,073 939 1,452 1,328,878 11,046 8,408 6,730,950

Eco Botanic 2,030 1,528 1,460,211 - 64 52,334 2,030 1,592 1,512,545

Eco Tropics 1,593 1,291 718,487 35 113 66,011 1,628 1,404 784,498

Eco Spring & Summer 1,518 1,185 1,126,912 433 268 137,064 1,951 1,453 1,263,975

Eco Business Park I 360 304 638,821 14 24 41,217 374 328 680,038

Eco Business Park II 80 57 123,454 20 14 22,986 100 71 146,440

Eco Business Park III 163 114 180,958 3 6 11,680 166 120 192,639

SUB-TOTAL ECO SOUTH 5,744 4,479 4,248,842 505 489 331,292 6,249 4,968 4,580,135

Eco Terraces 233 78 86,531 - 10 10,087 233 88 96,618

Eco Meadows 535 425 285,495 11 61 35,306 546 486 320,801

SUB-TOTAL ECO NORTH 768 503 372,026 11 71 45,393 779 574 417,419

GRAND TOTAL 16,619 11,938 10,022,941 1,455 2,012 1,705,563 18,074 13,950 11,728,504

ONGOING PROJECT HIGHLIGHTS

ECO SKYCOMMERCIAL SHOP OFFICES HANDED OVER

144 UNITS OF RETAIL & COMMERCIAL SPACE HANDED OVER. EWRC CUSTOMER SERVICE TEAM WORKING AGGRESSIVELY WITH SHOP OWNERS & POTENTIAL TENANTS TO ACTIVATE THE COMMERCIAL ZONE

ECO BOULEVARD & ECO NEST @ ECO BOTANICCOMMERCIAL SHOP OFFICES HANDED OVER

ACTIVATION OF COMMERCIAL PRECINCT TO SERVE BOTH ECO BOTANIC & EDUCITY NEARBY MOU WITH UNIVERSITY OF READING TO PROVIDE STUDENT ACCOMODATION @ ECO NEST SIGNED IN MARCH 2017

ECO GRANDEURNEW SHOW VILLAGE

OPENING OF THE ECO GRANDEUR SHOW VILLAGE FEATURING 12 UNITS

OF TERRACE & GARDEN HOMES ON 11 MARCH 2017

ECO GRANDEURPRODUCT INNOVATION

EXTENDING OUR PASSION FOR INNOVATION TO CREATE A NEW TYPE OF TERRACE HOUSE:

ECO GRANDEUR 30’ X 60’ GARDEN HOMES PROVIDE A SEMI-DETACHED FEEL AT AN AFFORDABLE PRICE

MY HAPPY PLACE CAMPAIGN8 MARCH – 12 MAY 2017

GROUP-WIDE INITIATIVE INSPIRED BY ECOWORLD’S MISSION OF BUILDING VIBRANT, HAPPY, WELL-

NETWORKED AND COHESIVE COMMUNITIES WITHIN ALL ITS DEVELOPMENTS

ECO TROPICS ECO SANCTUARY

BBCCECO SPRING

BBCC’S EVENT HALL UTILISED TO ORGANISE MULTIPLE LEISURE-TAINMENT PARTIES, INTIMATE CONCERTS AS WELL AS

INVESTMENT-THEMED SEMINARS IN KEEPING WITH ITS “WHERE LIFE / WORK IS SPECTACULAR” TAGLINE

BUKIT BINTANG CITY CENTRE22 APRIL – 13 MAY 2017

ILLUMINATIONS FLOWER SHOW @ ECO MAJESTIC18 MARCH – 9 APRIL 2017

ECOWORLD’S POPULAR ILLUMINATIONS FLOWER SHOW BROUGHT BACK BY ECO MAJESTIC TO HIGHLIGHT

THE BEAUTY OF THE LIVING ENVIRONMENT SURROUNDING EACH HOME

MY HAPPY PARENTS CAMPAIGN13 MAY – 4 JUNE 2017

MONTH LONG FUN ACTIVITIES & EVENTS ORGANISED TO ENCOURAGE PARENTS & CHILDREN TO ENJOY

QUALITY TIME & BOND AS FAMILIES AT OUR DEVELOPMENTS

ECO TERRACES ECO MEADOWS

ECO SPRING

WORLD CUISINE & CULTURE FESTIVALS1 APRIL – 28 MAY 2017

RICHNESS AND INFINITE VARIETY OF GLOBAL CULTURE AND CUISINE WERE

CELEBRATED ACROSS ALL 3 REGIONS

ECO BOTANIC ECO TERRACES

ECO TROPICS

NST C-CYCLE CHALLENGE 2017 @ ECO GRANDEUR21 MAY 2017

C-CYCLE CHALLENGE IN COLLABORATION WITH NEW STRAITS TIMES ATTRACTED OVER 1,200 PARTICIPANTS

FOR BOTH THE 160KM MAIN RACE & 35KM FUN RACE

ECO BUSINESS PARK IINEW SALES GALLERY

SALES GALLERY OPENED ON 26 MAY 2017 SHOWCASING A WIDE RANGE OF

PRODUCTS SUITED FOR BOTH SMES & MNCS

FUTURE LAUNCHES

FY2017

ECO BUSINESS PARK VLOCATION MAP

• Located approximately 45km from Kuala

Lumpur City Centre

• Highway access via LATAR Expressway,

North-South Expressway and Guthrie

Expressway

• Well connected to major urban centres such

as Kota Damansara, Shah Alam and Sungai

Buloh

• Connectivity will be enhanced with the West

Coast Expressway (WCE) slated to complete

by 2019

ASPENVISION CITY

PENANG DESIGNERVILLAGE

HIJAUANAFFORDABLE

HOUSING

VILLA TANJUNG PERMAI

DEDAUN BUNGALOW VILLAGE

PITPHONDA

SEAGATE

VITROX

BOSESANDISK

HAEMONETICSVAT

AUTOMOTIVE LIGHTING

KDU

UNIVERSITY OF HULL

INTERNATIONAL GOLF COURSE NORTH-SOUTHHIGHWAY

2ND PENANG BRIDGE

LEBUHRAYA BANDAR CASSIA (40M)

Mixed Development Zone

Industrial Zone

Township Development

Industrial Park

Education & Sports Facilities

CRESCENTIAPARK

PENANG STATE

STADIUM

• Excellent connectivity to major

highways, namely the North-

South Highway and 2nd Penang

Bridge

• Prime location within Batu

Kawan with education hub in the

vicinity

• Surrounded by matured

industrial parks that provide

ready employment

• Growing population catchment

ECO HORIZON & ECO SUNLOCATION MAP

ECO FORESTLOCATION MAP

• Situated at south region of Greater Klang

Valley in Semenyih, Hulu Langat District

• Approximately 5km from Eco Majestic

Township

• Accessible via Jalan Broga from Jalan

Semenyih

• Connected via LEKAS & SILK HIGHWAYS

• Ready facilities & amenities nearby such as

Nottingham University, Kolej Tuanku Jaafar,

Tesco, Staffield Golf Club & many more

FUTURE PROGRESS BILLINGSAS AT 31 MAY 2017

PROJECTEFFECTIVE STAKE (%)

SALES SECURED(RMmn)

PROGRESSBILLINGS (RMmn)

FUTURE PROGRESS BILLINGS (RMmn)

SUBSIDIARIES

Eco Sky 100% 714.8 438.9 275.9 Saujana Glenmarie 100% 76.9 76.9 -

Eco Majestic 100% 2,179.5 1,347.0 832.6 Eco Sanctuary 100% 1,261.2 447.4 813.9

Eco Botanic 100% 1,512.5 1,160.4 352.1 Eco Spring & Eco Summer 100% 1,264.0 815.5 448.4

Eco Tropics 100% 784.5 524.4 260.1 Eco Business Park I 100% 680.0 554.5 125.5 Eco Business Park II 100% 146.4 - 146.4 Eco Business Park III 100% 192.6 92.2 100.4

Eco Terraces 100% 96.6 27.9 68.7 Eco Meadows 100% 320.8 94.7 226.1 SUB-TOTAL 9,230.1 5,579.9 3,650.2

JOINT– VENTURES

Eco Grandeur 60% 526.7 - 526.7 Eco Ardence 50% 366.9 - 366.9

BBCC 40% 354.7 - 354.7 SUB-TOTAL 1,248.3 - 1,248.3

SUB-TOTAL ECOWORLD BERHAD 10,478.4 5,579.9 4,898.5

ASSOCIATES – EWIUK Projects (27% x 75%) 20.25% 1,201.3 - 1,201.3

Australia Project 27% 217.5 - 217.5

SUB-TOTAL ECOWORLD INTERNATIONAL 1,418.8 - 1,418.8GRAND TOTAL 11,897.2 5,579.9 6,317.3

RM6.3 BILLION EFFECTIVE SHARE OF UNBILLED PROGRESS BILLINGS ANCHORS

GROWTH & PROVIDES SUBSTANTIAL EARNINGS VISIBILITY GOING FORWARD

REMAINING LAND BANK & GDVAS AT 31 MAY 2017

PROJECTLAND BANK (ACRES) ESTIMATED TOTAL GDV

(RMbn)

CUMULATIVE SALES

(FY2014 – MAY 2017) (RMbn)

REMAINING GDV

(RMbn)TOTAL UNDEVELOPED

Saujana Glenmarie 25.9 - 0.090(1) 0.077 0.013

Eco Sky 9.6 - 0.974 0.715 0.259

Eco Majestic 1,073.1 486.0 11.145 2.180 8.965

Eco Forest 492.7 492.7 3.500 - 3.500

Eco Sanctuary 308.7 89.7 8.000 1.261 6.739

BBCC 19.4 8.7 8.782 0.887 7.895

Eco Grandeur 1,679.8 1,340.0 12.513 0.878 11.635

Eco Business Park V 518.6 518.6 2.747 - 2.747

Eco Ardence 533.9 395.2 8.584 0.734 7.850

TOTAL ECO CENTRAL 4,661.7 3,330.9 56.335 6.731 49.604

Eco Botanic 325.1 118.6 3.794 1.513 2.282

Eco Spring & Eco Summer 613.8 276.8 5.870 1.264 4.606

Eco Tropics 743.6 501.5 3.400(1) 0.784 2.616

Eco Business Park I 612.0 320.0 3.799 0.680 3.119

Eco Business Park II 383.6 320.6 3.009 0.146 2.863

Eco Business Park III 248.0 149.6 2.000 0.193 1.807

TOTAL ECO SOUTH 2,926.1 1,687.1 21.873 4.580 17.293

Eco Terraces 12.8 - 0.430 0.097 0.333

Eco Meadows 76.5 32.9 0.918 0.321 0.598

Eco Horizon & Eco Sun 374.6 374.6 7.762 - 7.762

Eco Macalister 1.1 1.1 0.192 - 0.192

TOTAL ECO NORTH 465.0 408.6 9.302 0.417 8.884

GRAND TOTAL 8,052.7 5,426.6 87.509 11.729 75.781

(1) Based on remaining GDV as at start of FY2014

CONCLUSION

• Sales target of RM4 billion is on track with RM1.7 billion sales secured as at 31 May

2017 + another 3 projects still to be launched

• Completion of major corporate exercises in 1st half of FY2017 (Two JVs with EPF,

private placement & EWI subscription) has strengthened balance sheet &

significantly increased project pipeline

• Handovers progressing well & customer engagement being taken to another level

through EcoWorld Class & EcoWorld Residence Club commitments to outstanding

service delivery

• RM6.3 billion effective share of unbilled progress billings will underpin growth

prospects going forward

THANK YOU