1 ppb group berhad half year results 30 june 2007 presented by koh mei lee senior manager (corporate...

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1 PPB GROUP BERHAD Half Year Results 30 June 2007 Presented by Koh Mei Lee Senior Manager (Corporate Affairs) Disclaimer : The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely predictions and targets, based on circumstances and reasonable assumptions which apply only at the date of such statements. Accordingly, no reliance should be placed on any forward-looking statements, express or implied, contained in this presentation.

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1

PPB GROUP BERHAD

Half Year Results 30 June 2007Presented by Koh Mei LeeSenior Manager (Corporate Affairs)

Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely predictions and targets, based on circumstances and reasonable assumptions which apply

only at the date of such statements. Accordingly, no reliance should be placed on any forward-looking statements, express or implied, contained in this presentation.

2

Agenda

1. Group Financial Highlights

3. Share Information

4. Prospects for 2007

2. Dividend Record

3

Group Financial Highlights

4

Financial Results for half year ended 30 June 2007

Continuing Operations

Discontinued Operations

◘ Sugar & Cane Plantation

◘ Grains trading, flour & feed milling

◘ Waste management & utilities

◘ Film exhibition ◘ Property

◘ Others

◘ Edible oil refining & trading

◘ Oil palm plantations

5

Revenue 1.212 bil

Operating Expenses

1.418 bil

1.156 bil 1.299 bil

2006 (RM) 2007 (RM) Change

17%

12%

Continuing Operations

PBT * 196.0 mil 203.8 mil 4%

EPS 11.43 sen 13.43 sen 17%

* PBT includes 2-month share of Wilmar results from May 2007 amounting to RM22 million.* PBT also includes PPB’s 25% share of losses incurred by Trinity Coral Sdn Bhd amounting to RM35 million.

Financial Results for half year ended 30 June 2007

6

4.011 bil 3.165 bil

3.880 bil 3.056 bil

2006 (RM) 2007 (RM) Change

21%

21%

Discontinued Operations

Operating RevenueOperating Expenses

PBT* (one-off gain)

EPS(one-off gain)

- 6.393 bil

12%

- 539.26sen

Financial Results for half year ended 30 June 2007

* PBT from operations includes 4 months PBT of PPBOP and PGEO and 6 months PAT of KOG

EPS(from operations) 9.06 sen 10.93 sen 21%

-

PBT*(from operations)

0.178 bil 0.199 bil

-

7

ROE # 5.6%

Net Profit Margin #

6.1%

4.7% 6.3%

2006 2007Continuing & Discontinued Operations

Total Borrowings / Equity #

Net Assets per Share* (one-off gain)

20.8% 1.2%

- RM5.39

24.36 sen20.49 senEPS #

Financial Ratios for half year ended 30 June 2007

# Exclude gain on sale of discontinued operations

Net Assets per Share* (from operations)

RM3.69 RM4.02* Attributable to shareholders of the company

8

Segmental Informationfor half year ended 30 June 2007

Continuing operations

Discontinued operations

30%

70%

TOTAL REVENUE

9

Sugar & cane11.72%

Grains trading,flour & feed

milling 9.82%

Edible oilsrefining & trading

64.46%

Oil palmplantations

5.17%

Waste management &

utilities 0.45%

Film exhibition

1.60%

Property0.58%

Others6.20%

Total RevenueContinuing & discontinued

operations

Total RM4.583 billion

Discontinued Operations

≈ 70%

Segmental Informationfor half year ended 30 June 2007

10

Sugar & cane38.62%

Grains trading,flour & feed

milling 32.33%

Waste management &

utilities 1.49%

Film exhibition

5.25%

Property1.91%

Others20.40%

RevenueContinuing operations

Total RM1.418 billion

Segmental Informationfor half year ended 30 June 2007

11

Segmental Informationfor half year ended 30 June 2007

51%49%

Continuing operations

Discontinued operations

TOTAL OPERATING PROFITS

12

Sugar & cane26.11%

Grains trading,flour & feed

milling 17.94%

Edible oilsrefining & trading

9.26%

Oil palmplantations

39.66%

Waste management &

utilities 0.01%

Film exhibition

4.95%

Property2.82%

Others- 0.75%

Total Operating profits

Continuing & discontinued operations

Total RM267.04 million

Discontinued Operations

≈ 49%

Segmental Informationfor half year ended 30 June 2007

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Sugar & cane50.93%

Grains trading,flour & feed

milling 35%

Waste management &

utilities 0.01%

Film exhibition

9.66%

Property5.51%

Others-1.11%

Total Operating profitsContinuing Operations

Total RM137.08 million

Segmental Informationfor half year ended 30 June 2007

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Major Contributors to Group Operating Profit

Reason for higher profits

Sugar & cane Lower raw sugar prices. Higher export sales.

Grain trading, flour & feed milling Better buying of raw materials and freight.

Film exhibition Stronger performance of blockbuster films. More commercial films released.

Property Gain from sale of Masera units.

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686 710 609 840

6,796

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2003 2004 2005 2006 Jan -June2007

5-year PBT

RM Million

Year

Note: RM (mil)

Total PBT 6,796

One-off gain

6,393

PBT (excluding one-off gain)

403

16

1,142

1,083

505

578

745

802

57

15

42

59Net cash

Cash & deposits

Totalborrowings

LT borrowings

ST borrowings

30.6.06 30.6.07RM Million

Cash & Borrowingfor half year ended 30 June 2007

17

Dividend Record

18

Dividend Record

* The Board declared an interim dividend of 5 sen for the financial year 2007 which is payable on 28 September 2007.

  Dividend Net NetPayout ratio

Per Share Dividend Dividend

  Gross Net Paid/payable Yield Group Company

Year (sen) (sen) (RM Million) (%) (%) (%)

2007*Interim 5 3.65 43.271 0.5 0.6 1.2

2006 20 14.55 172.490 2.7 30.8 103.6

2005 20 14.40 170.712 3.5 43.3 115.9

2004 15 11.85 140.482 3.5 35.1 75.4

2003 12.5 10.26 100.675 3.1 27.1 72.3

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Share Information

Share performance

3.6

4.1

4.6

5.1

5.6

6.1

6.6

7.1

7.6

8.1

Sept Oct Nov Dec Jan Feb Mac Apr May June July Aug

PPB

Shar

e Pr

ice

(RM

)

860

960

1060

1160

1260

1360

1460

Com

posi

te I

ndex

PPB Close (Last Trade) KLCI Close (Last Trade)

31/12/05

PPB Close →RM7.60

2006 2007

Share Performance

Jan – June 07 PPB KLCIClosing Price (High) RM7.95 1391.57Closing Price (Low) RM5.25 1106.06Closing (29.6.07) RM7.60 1354.38

KLCI close→1354.38

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Prospects for 2007

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Prospects for 2007

The Group’s sugar refining divisions, grains trading, flour and feed milling and other

divisions are expected to perform satisfactorily for the financial year.

It is anticipated that Wilmar will also be able to contribute positively in the financial year.

The Group operations should be able to maintain its financial performance for 2007.

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Will be covered by individual companies.

Expansion / Future Plans

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THE END