CO-OPERATIVE BANK LTDSINCE 1992

Investing in Myanmar

About CB Securities

Wholly Owned Subsidiary of CB Bank, third largest bank in Myanmar by Assets

Established in 2015 for development of modern capital markets in Myanmar

One of first firms to receive underwriting license from SEC Myanmar

Unparalleled local knowledge and network

SERVICES FOR CORPORATES

Unique business

model caters to financing

needs of full business

cycle

Corporate Advisory Restructuring Advisory

Merger and Acquisition Advisory Pre-IPO Financing

OTC or YSX Advisory and Book running IPO Underwriting

What CBSC Offers to Foreign Investors

Merger and Acquisition Advisory Identifying and suggesting most suitable local partners Primary and Secondary ResearchValuation Due Diligence Risk ManagementRegulatory documentationCo-investors sourcingNegotiation Implementation

CBSC PortfolioSEZ Holding Company (YSX listing)

Large Scale Commercial Real Estate Development (public offering)

Consumer Electronic Manufacturer (valuation, acquisition advisory)

Coffee producer (corporate restructuring and investor sourcing)

Microfinance company ( recapitalization advisory)

Cable Car Project ( Investor Sourcing)

IT Distribution company (merger advisory)

Piling and Earthquake resistance construction company (merger advisory)

YSX LISTING OF 3,892,915

SHARE PRICE

Ks 40,000

TOTAL MARKET CAP

Ks 155.72 Billion

Myanmar Thilawa SEZ Holdings Public Limited (MTSH)

June 2016

Thilawa SEZ – A Japanese Investment

Recent Over-The-Counter share Issuance

Myanmar - The Final Frontier of Asia

Source: Myanmar.travel

95% adult literacy

rate

65 Billion $ GDP

54 millions people

1204$ per

capita

7.1% annum

medium term

growth

647,578 km2

What Myanmar Offers

• Proximity to most populated countries

• Vast fertile land and abundant natural resources

• 1930 km long uninterrupted coastline

• Large educated workforce

• Average monthly salary in Japanese Factories in

Bangkok 338$, 140$ in Vientiane and 124$ in Yangon$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00

$10.00

Thailand Vietnam Laos Myanmar

Daily Minimum Wage in US$

Investments by countries

China – US$ 19.4 billion - 1st

Singapore – US$ 18.6 billion - 2nd

Thailand – US$ 11 billion - 3rd

Hong Kong – US$ 7.8 billion - 4th

Japan – US$ 717 million - 11th

26%

25%15%

10%

1%

23%

FDI in Myanmar by Countries

China

Singapore

Thailand

Hong Kong

Japan

Other

Priority Investment Promotion Sectors

Labour intensive industries

• Garment

• Tourism &

Hospitality

Agro-based industries

• Contract farming

• Equipment

manufacturing

• Food processing

Infrastructure projects

• Transportation

• Energy

• Construction

Businesses in Myanmar

• 83% of companies are family owned businesses (World Bank Group)

• CBSC visits promising 5- 8 businesses per month across industries to build our own market database and assess investment readiness

• Many of them looking for investment and strategic partners – but majority prefers partners who will also bring technical know-how

6600

6800

7000

7200

7400

7600

7800

8000

2013 - 2014 2014 - 2015 2015 - 2016 2016 -2017 (till Nov)

Numbers of Companies Registered Each Year

*Total Numbers of Companies 59,697 ( Nov- 2017)

Myanmar Economy Outlook

Continuing high Growth

More FDI Accommodating legal and regulatory reforms

Slow but steady infrastructure improvements

Good handling of Budget deficit by Government ( under 5% of GDP)

Transparency and CSR on the rise ( MCRB report )

Japan’s Continued Confidence in Myanmar

Source : JETRO

Invitation • Japan and Myanmar has great chemistry and great

relationship

• Japanese Goods enjoys high consumer confidence in Myanmar

• Myanmar has raw materials but lacks the technology know-hows to produce high value goods

• Thilawa SEZ, the most successful SEZ in Myanmar, a Japanese experiment and Investment

• Myanmar comparable to Vietnam 10 years ago

• We invite Japanese businesses to invest in Myanmar – the last frontier of Asia

• U Thaung Han (Managing Director)

thaunghan@cbsecurities.com.mm

Mr. Thaung Han is a member of management committee at CB Bank. He oversees both CB Securities and CB Insurance. He has a strong

background in corporate strategy, banking and finance in the local market. He holds an MBA from Jianan University and a B.Eng. (Mechanical

Engineering) from Rangoon Institute of Technology. He is also the secretary of Myanmar Insurance Association and the joint secretary of

Myanmar Pulses, Beans & Sesame Seeds Merchant Association.

• Mr. Toh Kai Leong (Head of Corporate Banking)

Toh Kai Leong joined CB Bank since Mar, 2015 bringing with him 35 years of experience working in commercial and wholesale banking in the

areas of corporate lending, project financing and syndications as arrangers and facility agency. He has also worked in investment banking

dealing with securities, capital markets; share margin financing and private banking. Prior to joining, he was the Regional Credit Risk Manager

in OCBC’s private banking, Singapore and before that as Managing Director and Head of Corporate Banking in ING Bank, the largest Dutch

Bank. Mr. Toh graduated from the National University of Singapore with a degree in Business Administration.

Key Personnel

• Terence Chin Hung Lo (Senior Vice President - IPO & Advisory, Deputy Head of Corporate Banking)

Terence specialize in IPO and Merger & Acquisition in CB securities and is also managing the corporate banking team for CB bank. Before CB, he

was in Myanmar Tourism bank as an advisor in corporate finance and advisory. Terence has a 8 years investment and corporate advisory career

in Citigroup located in New York, United States and Hong Kong, China. He has master degrees from Columbia University and Carnegie Mellon

University in United States, and is also a Chartered Alternative Investment Analyst (CAIA) certified by Chartered Financial Analyst (CFA) institute.

• Nang Hnin Shwe Yee Htoo (Equity and Market Research)

Nang has expertise in conducting both primary and secondary research. After receiving her Master Degree of Business Administration (MBA) from

Yangon Institute of Economic (YIE), she joined MMRD as Research Executive and was responsible for conducting different kinds of business and

industrial research through analysis, interpretation of research findings and writing industrial syndicated reports. Before joining CB Securities, she

assisted Research Director in engaging client relations, project management and general management and acted as a focus group Moderator in

some qualitative projects. She has also volunteered as an organizer for Myanmar Marketing Services Association (MMSA) Seminars and

ESOMAR trainings which are aiming not only to share knowledge, expertise and in-depth understanding of the Myanmar markets and its

consumers.

Key Personnel

#03-04, Union Financial Center, Corner of Mahabandoola Road & Theinphyu Road, Yangon, MyanmarTel: +95 1 8610309-13, 8610331-35Email: contact@cbsecurities.com.mm

Fax: +95 1 8610330

CONTACT

CO-OPERATIVE BANK LTDSINCE 1992

THANK YOU