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Financial Results

Second Quarter 2016

Bakery Food Atrium Restaurant

BreadTalk Group Limited

2Q 2016 FINANCIAL HIGHLIGHTS Income Statement Highlights

2

S$ Million 2Q 2016 2Q 2015 Y/Y 1H 2016 1H 2015 Y/Y

Revenue 149.8 154.9 -3.3% 304.3 307.3 -1.0%

Bakery 74.8 76.9 -2.8% 150.7 153.8 -2.0%

Food Atrium 38.4 42.4 -9.5% 80.2 84.4 -5.0%

Restaurant 36.6 35.5 2.9% 73.5 69.1 6.3%

EBITDA 18.4 17.9 2.7% 38.4 36.3 5.8%

Bakery 7.1 5.5 30.4% 13.9 11.6 20.0%

Food Atrium 1.4 4.7 -70.8% 2.3 9.9 -76.6%

Restaurant 7.4 6.4 15.2% 13.9 12.1 15.0%

EBITDA margin 12.3% 11.6% +0.7 ppt 12.6% 11.8% +0.8 ppt

Bakery 9.5% 7.1% +2.4 ppt 9.2% 7.5% +1.7 ppt

Food Atrium 3.6% 11.1% -7.5 ppt 2.9% 11.7% -8.9 ppt

Restaurant 20.2% 18.0% +2.1 ppt 18.9% 17.5% +1.4 ppt

Net profit 1.3 2.9 -54.8% 3.8 4.9 -23.3%

Net margin 0.9% 1.9% -1.0 ppt 1.2% 1.6% -0.4 ppt

EPS (cents) 0.46 1.02 -54.6% 1.33 1.73 -23.0%

3

2Q 2016 FINANCIAL HIGHLIGHTS Income Statement Highlights

3

S$ Million 1Q 2016 2Q 2016 Q/Q 1H2016 1H2015 Y/Y

Reported PATMI 2.4 1.3 -46.6% 3.8 4.9 -23.3%

Adjustments

Add:

PPE written off 0.6 3.2 445.7% 3.8 1.8 107.1%

Intangible/goodwill written off 0.1 - NM 0.1 - NM

Less:

FV gain in investment property - - - - - -

Gain on divestment of investment securities (8.5) (0.3) -96.3% (8.8) - NM

Core PATMI (5.4) 4.2 -178.1% (1.2) 6.7 -117.5%

4

GROUP KEY FINANCIAL HIGHLIGHTS

1H 2016 REVENUE: S$304.3M 1H 2016 REVENUE BY GEOGRAPHY 1H 2016 EBITDA: S$40.4M

EBITDA MIX BY BUSINESS REVENUE MIX BY GEOGRAPHY REVENUE MIX BY BUSINESS

50%

27%

23%

Bakery $150.7m

50%

Food Atrium $80.2m

26%

Restaurant $73.5m

24%

1H 2015

1H 2016

51%

32%

12%

5%

Singapore $163.8m

54%

China $88.0m

29%

Hong Kong $34.9m

11%

Others $17.7m

6%

1H 2015

1H 2016

32%

28%

33%

7% Bakery $13.9m

36%

Food Atrium $2.3m

6%

Restaurant $13.9m

36%

Others $8.2m 22%

1H 2016

1H 2015

2Q 2016 FINANCIAL HIGHLIGHTS Balance Sheet Highlights

5

CASH & CASH EQUIVALENT VS NET DEBT

95 95

101

112

103 103

97

91

85

90

95

100

105

110

115

FY14 FY15 1Q16 2Q16

Cash and cash equivalents (S$ Million) Net debt (S$ Million)

S$ Million 2Q 2016 FY 2015

Total assets 529 545

Cash and cash equivalents 112 95

Accounts receivables 65 75

Inventories 10 10

Current assets 187 179

Property, plant and equipment 186 206

Investment securities 90 90

Non-current assets 342 366

Total liabilities 381 399

Accounts payables 83 94

Current liabilities 201 262

Non-current liabilities 180 136

Borrowings and debt securities 202 202

Short term 36 82

Long term 166 120

Net debt 90 107

2Q 2016 FINANCIAL HIGHLIGHTS Cash Flow Highlights

6

S$ Million 2Q 2016 2Q 2015 FY 2015

Operating cash flow before working capital changes 23 22 83

Net cash flow from operating activities 18 13 66

Less:

Capital expenditure (6) (4) (37)

Investment in associate & joint venture - (1) (3)

Net cash flow used in investing activities (6) (23) (58)

Free cash flow 12 8 26

Net increase in bank borrowings 5 27 4

Net cash flow from (used in) financing activities - 23 (10)

Net cash flow 12 13 (1)

7

2Q 2016 FINANCIAL HIGHLIGHTS Financial Ratios

1H 2016 1H 2015 FY 2015

Trade Receivables Turnover (days) - Franchisee 81 65 93

Trade Receivables Turnover (days) - Non franchisee 2 2 2

Total Receivables Turnover (days) 7 7 8

Inventory Turnover (days) 25 26 24

Trade Payables Turnover (days) 28 29 27

Cash Conversion Cycle (days) 3 3 4

Net Debt/Shareholder's Equity 0.71x 1.24x 0.83x

Net Debt/EBITDA 2.23x 3.59x 1.38x

EBITDA/Interest expense 13.15x 14.72x 14.56x

STRONG PRESENCE ACROSS ASIA Strong foothold across 17 territories in Asia and Middle East

8

OUTLET DISTRIBUTION BY GEOGRAPHY OUTLET DISTRIBUTION BY BUSINESS SEGMENT

China 431

Rest of the world 335

Singapore 162

Thailand 6

Bakery 862 (20) 842

Direct Operating 266 (9) 257

Franchise 596 (11) 585

Food Atrium 65 (4) 61

Restaurant 30 1 31

Din Tai Fung 22 1 23

Ramen Play 6 0 6

San Pou Tei 2 0 2

FY 2015Net Increase/

(Decrease)1H 2016

*Including SEA are Malaysia, Thailand, Philippines, Indonesia, Vietnam and Cambodia #Including International are Kuwait, Sri Lanka, Bahrain, Oman, Saudi Arabia and Qatar

BAKERY DIVISION

9

REVENUE 1H 2016 REVENUE BY GEOGRAPHY

EBITDA

11.0%

9.3%

8.6% 8.8%

7.8%

7.3% 7.5%

9.2%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

11.0%

12.0%

2

7

12

17

22

27

FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16

EBITDA (S$ Million) Margin (%)

50

100

150

200

250

300

FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16

Revenue (S$ Million)

-2.0%

Singapore 43%

China 42%

Hong Kong 11%

SEA* 3%

International# 1%

BAKERY DIVISION

10

*Including SEA are Malaysia, Thailand, Philippines, Indonesia, Vietnam and Cambodia #Including International are Kuwait, Sri Lanka, Bahrain, Oman, Saudi Arabia and Qatar

NUMBER OF BAKERY OUTLETS 1H 2016 OUTLET DISTRIBUTION BY GEOGRAPHY

129

862 842

0

200

400

600

800

1000

FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 1H16

Number of outlets

China 400

Hong Kong 26

Singapore 119

SEA* 266

International# 31

FOOD ATRIUM DIVISION

11


EBITDA

0

50

100

150

200

FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16


-5.0%

Singapore 39%

China 30%

Hong Kong 22%

SEA* 5%

Taiwan 4%

*Including SEA are Malaysia & Thailand

16.8% 16.1%

13.3%

15.1% 14.7%

10.3%

11.8%

2.9%

0.0%

5.0%

10.0%

15.0%

20.0%

0

5

10

15

20

25

FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16


FOOD ATRIUM DIVISION

12

NUMBER OF FOOD ATRIUM OUTLETS 1H 2016 OUTLET DISTRIBUTION BY GEOGRAPHY

19

65

61

0

20

40

60

80


Number of outlets

China 31

Singapore 15

Hong Kong 7

Taiwan 3

SEA* 5

*Including SEA are Malaysia & Thailand

RESTAURANT DIVISION

13


EBITDA

0

25

50

75

100

125

150

FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16


+6.3%

10.1% 10.6%

13.5% 14.2%

16.1%

23.7%

17.5%

18.9%

9.0%

14.0%

19.0%

24.0%

29.0%

2

7

12

17

22

27

32

37

FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16


Singapore 93%

Thailand 7%

RESTAURANT DIVISION

14

NUMBER OF RESTAURANT OUTLETS 1H 2016 OUTLET DISTRIBUTION BY GEOGRAPHY

5

30 31

0

10

20

30

40

50


Number of outlets

Singapore 28

Thailand 3

CONTACT US

15

Mr. Chan Ying Jian Group Chief Financial Officer

Ms. Agnes Kang Investor Relations

Tel - (65) 6285 6116

Email - [email protected]

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