ANALYST BRIEFING

FINANCIAL YEAR END 2015 RESULTS 23 FEBRUARY 2016

23/02/2016 MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 4Q 2015 Page 2

Group Financial Highlights Review of Sales Performance Sugar Market Overview Q&A Session

01 02 03 04

AGENDA

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GROUP FINANCIAL HIGHLIGHTS

FOR THE FOURTH QUARTER 2015 RESULTS

LOGISTICS

SUGAR

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FINANCIAL RESULTS 4Q 2015

(RM mil) 4Q 2015 4Q 2014 Change

Revenue 664 628 5.73%

Expenses (567) (523) 8.41%

Profit Before Tax 97 105 (7.62%)

Profit for the Period 67 75 (10.67%)

EPS 9.49 sen 10.66 sen (10.98%)

Attributable to Shareholders - ROE - NTA RM/Share

3.27% 2.91

3.86% 2.77

(15.28%) 5.05%

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FINANCIAL RATIOS 4Q 2015

4Q 2015 4Q 2014 Change

Gross Profit

-RM mil 119 145 (17.93%)

-Margin 17.96% 23.09% (5.13%)

EBITDA

-RM mil 110 114 (3.51%)

-Margin 16.57% 18.15% (1.58%)

PBT

-RM mil 97 105 (7.62%)

-Margin 14.61% 16.72% (2.11%)

PAT

-RM mil 67 75 (1.33%)

-Margin 10.09% 11.94% (1.85%)

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LOGISTICS

SUGAR

GROUP FINANCIAL HIGHLIGHTS

FOR FINANCIAL YEAR ENDED 31 DEC 2015

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FINANCIAL RESULTS FY 2015

(RM mil) FY 2015 FY 2014 Change

Revenue 2,307 2,282 (1.10%)

Expenses (1,930) (1,937) (0.36%)

Profit Before Tax 378 344 9.88%

Profit for the Period 281 257 9.34%

EPS 39.94 sen 36.56 sen 9.24%

Attributable to Shareholders - ROE - NTA RM/Share

13.75% 2.91

13.22% 2.77

4.01% 5.05%

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FINANCIAL RATIOS FY 2015

FY 2015 FY 2014 Change

Gross Profit

-RM mil 489 467 4.71%

-Margin 21.20% 20.46% 0.74%

EBITDA

-RM mil 411 369 11.38%

-Margin 17.81% 16.17% 1.64%

PBT

-RM mil 378 344 9.88%

-Margin 16.38% 15.07% 1.31%

PAT

-RM mil 281 257 9.34%

-Margin 12.18% 11.26% 0.92%

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FINAL DIVIDEND FOR FINANCIAL YEAR 2015

The directors have agreed to declare final dividend payment as follows:

Dividend rate: 14 cents per share

on 702,980,000 ordinary shares

Net dividend: RM98.42 million

Date of payment: 20 June 2016

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REVIEW OF SALES PERFORMANCE

LOGISTICS

SUGAR

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SALES REVENUE FY 2015 vs FY 2014

996

1,213

980

735

294 322

0

200

400

600

800

1,000

1,200

1,400

FY 2015 FY 2014

RM mil Domestic Industries Export

44%

54%

13%

33%

14%

*TOTAL SALES RM 2,270 mil

43%

* Note: 1) Sales figure is AFTER consolidation adjustment 2) The sales figure excludes the sales of molasses

*TOTAL SALES RM 2,270 mil

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SALES VOLUME FY 2015 vs FY 2014

399

455 464

346

173 188

0

50

100

150

200

250

300

350

400

450

500

FY 2015 FY 2014

MT ‘000 Domestic Industries Export

38%

46%

17%

35%

19%

*TOTAL SALES 989,290 mt

45%

* Note: 1) Sales figure is AFTER consolidation adjustment 2) The sales figure excludes the sales of molasses

*TOTAL SALES 1,034,088mt

25/11/2015 MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 3Q 2015 Page 13

LOGISTICS

SUGAR

SUGAR MARKET OVERVIEW 2015

25/11/2015 MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 3Q 2015 Page 14

NY11 PRICE MOVEMENT (2015/16)

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WORLD SUGAR MARKET – HIGHLIGHTS

Kingsman Research has increased their deficit forecast to 5.26 mill MT compared to the last report of only 3 million MT, however, MSM Research has reworked the balance and maintain a lower figure at 2.2 MMT.

There is ample Argentinian and Centrals American Sugar in the first quarter amidst speculation that the price might weaken before the March16 expiry.

MSM Research estimated price to be in between 13 c/lb -14 c/lb until end of the year, heavily influenced by Macro and high stocks at destinations which could buffer the current deficits.

There is also a significant demand of white sugar into the Middle East and China, proven with a strong white premium at the moment.

Debt driven Brazilian sugar industry looks vulnerable, and we do not see this phenomenon to be solved in the short term, but the magnitude of the losses is still unstoppable.

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GLOBAL PRODUCTION & CONSUMPTION OF WORLD SUGAR

0

20

40

60

80

100

120

140

160

180

200

07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16

' m

illio

n M

T

Year

Production Consumption

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GLOBAL PRODUCTION & CONSUMPTION BALANCE

-15

-10

-5

0

5

10

15

07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16

7.9

-14.2

-4.8 -0.5

8.4 10.6

4.2 2.6

-2.2

'mill

ion

MT

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OTHER UPDATES “BRL / USD”

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MALAYSIA CONSUMPTION vs PRODUCTION

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

2010 2011 2012 2013 2014 2015 Est

Production Consumption

23/02/2016 MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 4Q 2015 Page 20

Q & A SESSION

LOGISTICS

SUGAR

Page 21

Thank You

23/02/2016 MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 4Q 2015