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Financial & Operational Performance

For Financial Period Ended 30 June 20014

C o p y r i g h t @ 2 0 1 2 - 2 0 1 3 G r e e n p a c k e t . A l l R i g h t R e s e r v e d .

This presentation and the following discussion may contain forward looking

statements by Green Packet Berhad that reflect management’s current

expectation, beliefs, hopes, intentions or strategies regarding the future and

assumptions in light of currently available information. These statements

are subject to a number of risks and uncertainties that could cause actual

results, performance or achievements to differ materially from those

discussed in the forward looking statements. Such statements are not and

should not be construed as a representation as to the future performance or

achievements of Green Packet Berhad and Green Packet Berhad assumes no obligation to update any such statements.

C o p y r i g h t @ 2 0 1 3 G r e e n p a c k e t . A l l R i g h t R e s e r v e d .

Broadband Pillar Operational Performance

Agenda

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Q2 ‘14 Financial Performance Review

1

916 1009 1083 1171 1527 1610 1678 1791 1868 1881 1902 1906 1908 1909

93 74

88

356

83 68

113 77 13 21 4 2 1 0

1009 1083 1171

1527 1610 1678 1791 1868 1881 1902 1906 1908 1909 1909

0200400600800

100012001400160018002000

1Q'11(A)

2Q'11(A)

3Q'11(A)

4Q'11(A)

1Q'12(A)

2Q'12(A)

3Q'12(A)

4Q'12(A)

1Q'13(A)

2Q'13(A)

3Q'13(A)

4Q'13(A)

1Q'14(A)

2Q'14(A)

Nu

mb

er o

f si

tes

Existing Sites New Sites Total Sites

Total Sites as of Q2 ‘14

5

1. Cumulative sites as of Jun ‘14 remained as 1,909 sites.

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Total Subscribers as of Q2 ‘14

6

1. Total subscribers (broadband & voice) were 489.6K as of Jun ‘14.

304.8 337.8 355.5 388.6 399.0 410.0 434.9 433.5 449.0 454.7 453.2 449.3 429.3 408.8

14.2

19.1 20.9

26.9 47.1

57.5

70.7 83.6 92.3 98.4 99.9 93.5

87.7 80.8

319.0 357.0

376.3 415.4

446.1 467.4

505.6 517.1 541.2 553.1 553.1 542.8

516.9 489.6

0

100

200

300

400

500

600

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14

Nu

mb

er o

f Su

bs

(Th

ou

san

ds)

Broadband Net Subs Voice Net Subs Total Subs

Powered by Packet One Networks Private & Confidential.

56.2

68.0 71.9

79.7 79.2 80.9 76.1 78.7 80.5

73.6 75.5 75.0 71.4 67.1

-

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14

Rev

enu

e (R

M’m

il)

Revenue

-25.8

-19.4 -16.6

-7.6

2.2 5.1 7.9 8.0 9.2 9.5 10.0

13.9

1.2

16.6

-30

-20

-10

0

10

20

1Q'11 2Q'11 3Q'11 4Q'11 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14

Rev

enu

e (R

M’m

il)

EBITDA

Revenue & EBITDA as of Q2 ‘14


RM '000

Q2 2014 (YTD) (ACT)

unaudited

% OVER REVENUE

Q2 2014 (YTD)

(6-Month Ops Plan)

% OVER REVENUE

RM %

ACHIEVEMENT

REVENUE 138,514 - 151,421 - (12,907) 91% 2

DIRECT COST 26,070 19% 33,207 22% 7,137 127% 3

OPEX 94,659 68% 111,037 73% 16,378 117% 4

EBITDA 17,785 13% 7,178 5% 10,608 248% 1


YTD Financial Summary vs. Target

1. EBITDA was higher by approx RM11mil primarily due to lower OPEX (Gen & Admin costs dropped by approx RM18mil as a result of double entry effect on the reversal of prior year (FY 2012) deferred revenue)

2. 9% variance in revenue was largely due to lower connectivity business

3. 27% variance in direct cost was due to lower special projects and one-time bundled sales return

4. OPEX was lower by approx RM16mil mainly due to reversal of prior year deferred revenue

RM '000 Q2

2014 (YTD)

% OVER

REVENUE

Q2 2013 (YTD)

% OVER

REVENUE VARIANCE

%

ACHIEVEMENT

REVENUE 138,514 - 154,018 - (15,504) 90%

DIRECT COST 26,070 19% 28,149 18% 2,079 108%

OPEX 94,659 68% 107,190 70% 12,531 113%

EBITDA 17,785 13% 18,679 12% (894) 95% 1

PBT / (LBT) (102,845) 74% (64,797) 42% (38,048) 63% 2


YoY Financial Summary (Q2 2014 vs. Q2 2013)

1. EBITDA was slightly lower mainly due to lower revenue but mitigated by lower OPEX (Gen & Admin - as explained in previous slide)

2. LBT was 63% higher mainly due to higher finance costs on LKC notional interest of approx RM15mil and recognition of unrealized FOREX loss of approx RM17mil

RM '000 Q2

2014

% OVER REVENUE

Q1

2014

% OVER REVENUE

VARIANCE

%

ACHIEVEMENT

REVENUE 67,137 - 71,377 - (4,240) 94% 2

DIRECT COST 9,794 15% 16,276 23% 6,481 166% 3

OPEX 40,720 61% 53,939 76% 13,218 132% 4

EBITDA 16,623 25% 1,163 2% 15,460 1430% 1

PBT / (LBT) (65,612) 98% (37,233) 52% (28,380) 57% 5


QoQ Financial Summary (Q2 vs. Q1 2014)

1. EBITDA was higher by RM15mil primarily due to lower OPEX (Gen & Admin - as explained in slide 7)

2. 6% variance in revenue was largely due to lower connectivity business

3. 66% variance in direct cost was largely due to one-time bundled sales return of approx RM2mil

4. OPEX was 32% lower mainly due to lower Gen & Admin costs by approx RM18mil (as explained in slide 7)

5. LBT was 57% higher mainly due to higher finance costs on (i) LKC notional interest increased by RM15mil (ii) Unrealized FOREX loss by approx by RM17mil and (iii) Vendor financing interest of approx RM10mil but mitigated of higher EBITDA of approx RM15mil


Solution Pillar Operational Performance


Strong Customer Base Continuous Loyalty & Confidence From Leading Operators

MTN Nigeria

5,000 units

Wind Telecom Dominican Republic

7,650 units

LTE

Wimax

Sevenex Angola

10,000 units

Globe Philippines

32,000 units SMART Communications

Philippines

47,200 units

LTE

Wimax

Wimax


LTE - Building Traction From Trial To Commercial

*GSA, WiMAX Forum, Green Packet Records - Includes commercial, committed and planned networks

2012

Soft Launch of Green Packet’s and the industry’s 1st LTE+WiMAX Device @ Singapore

Commercial Launch of the Green Packet

POD and OD portfolio

Preview Launch of Green Packet’s 1st LTE Device @ MWC Barcelona

Q4 2013

8 trial clients

11 trial clients

Q2 2013 Q3 2013

61 TD-LTE

21 WiMAX

+ LTE

13 Trial

Clients

2 Commercial Clients

63 TD-LTE

30 WiMAX

+ LTE

33 Trial

Clients


Q1 2013 2013 Q4 2013 Q1 2013

65 TD-LTE

30 WiMAX

+ LTE

35 Trial

Clients

Q2 2014



LTE – Expanding Product Portfolio Catering to a broader market ready for adoption

TDD & FDD Multi-mode LTE Mobile Router

TD-LTE Industrial-Level Outdoor CPE Band 42, 43

FDD: Band 1, 3, 7, 20

TDD: Band 38, 40, 41

WCDMA: Band 1, 2, 5

GSM: Band 2, 3, 5, 8


Devices – CPE Shipments in Q2 2014

84,785 units -46 % YoY 9% QoQ


Revenue & EBITDA as of Q2 ’14


GROUP FINANCIAL

PERFORMANCE

FOR THE PERIOD ENDED 30 JUNE 2014


Key Financial Highlights Q2 2014

Revenue (‘million) EBITDA (‘million)

Revenue drop

8% 2Q14 vs 2Q13

EBITDA increase

182% 2Q14 vs 2Q13

Group

140

Broadband

67

(48%)

Comms

42

(30%)

Solution

31

(22%)

Group

26.5

Broadband

15.9

Comms

2.9

Solution

7.7


Result from Operational Units

-8% YoY negative growth

6% QoQ positive growth

Revenue

YOY • Software & Devices : lower devices qty shipped • Broadband : recorded lower revenue due to lower subscribers QOQ • Software and Devices : Improved device qty shipped • Broadband : reduced subcribers recorded



EBITDA

QoQ growth +10% +114% +149% -68% +53% +27% +28%

YoY Group EBITDA margin increase 183% mainly due to:

Higher contribution from Broadband Pillar

EBIDTA margin

+7% +36%



Operational Losses

Operational Losses (After MI)


-188% QoQ negative growth


-768% QoQ negative growth


1st To Invent Again GP Files New Patent For CM

Managing System For Intelligent Network Selection and Seamless Network Roaming for Computing Devices (Patent Application No.: PI 2012003910)

Thank You