HALF YEAR RESULTS 30 JUNE 2004

Presented by Koh Mei Lee

PPB GROUP BERHAD

Group Financial Highlights

Dividend

Share Information

Corporate Developments

Prospects For 2004

agenda

Group Financial Highlights

financial resultsJan to June

2004 2003 Change

RM mil RM mil %

Revenue 5,397 4,252 26.9

Profit from operations 275 287 (4.2)

Profit/(loss) from

investing activities

20 6 233.3

Share of associates 45 43 4.7

Finance costs (8) (6) 33.3

PBT 332 330 0.6

PAT 246 243 1.2

Earnings 171 169 1.2

financial resultsJan-Jun Full Year %

(All figures in RM million) 2004 2003 Change

Non-Current Assets 3,543 3,513 0.9

Current Assets 2,603 2,290 13.7

Less : Current Liabilities (1,173) (980) 19.7

Net Assets 4,973 4,823 3.1

Financed By :

Share Capital 491 491 -

Reserves 2,590 2,497 3.7

Shareholders’ Funds 3,081 2,988 3.1

Minority Interest 1,510 1,483 1.8

Non-Current & Def. Liabilities 382 352 8.5

4,973 4,823 3.1

NTA per share (sen) 621 602 3.2

financial ratios

EPS

34.9 sen34.4 sen

0

5

10

15

20

25

30

35

40

2003 2004

PE (annualised)

9.3x

6.7x

0

1

2

3

4

5

6

7

8

9

10

2003 2004

Jan to June

+1%

93

78

49

36

82

79

39

45

0

1

4

6

14

18

11

18

0

20

40

60

80

100

120

140

160

180

RM

milsegmental results

comparisonS

ug

ar

& c

an

e

Flo

ur,

feed

& g

rain

mil

lin

g

Oil

palm

pla

nta

tio

ns

Ed

ible

oil

refi

nin

g &

tra

din

g

Waste

man

ag

em

en

t &

uti

liti

es

Cin

em

as

Pro

pe

rty

Oth

ers

Jan to June

Y2003

Y2004

Edible oils refining

73%

Others

7%

Oil palm plantations

4%

Waste management &

utility

1%

Sugar & cane

6% Flour,feed & grain

milling

7%

Film

1%

Property

1%

segmental revenue contribution

Jan to June 2004

RM5.4 billion

Edible oils refining

16%

Others

6.7%

Oil palm

plantations

28%

Waste

management &

utility

0.3%

Sugar & cane

28%

Flour, feed & grain

milling

13%

Film

2%

Property

6%

operating profitscontribution

Jan to June 2004

RM281million

PBT for 5 years

369

409

322

501

707

332

0

100

200

300

400

500

600

700

800

RM

Mill

ion

1999 2000 2001 2002 2003 6 months

2004Year

18.3%

Average growth for 5 years

RM391m

RM250m

RM475m

RM84m

RM725m

RM564m

RM35m

RM674m

RM110m

RM709m

Net cash

position

Cash &

deposits

Total

borrowings

LT borrowings

ST borrowings

Dec-03 Jun-04

Cash and borrowings

Dividend

dividend recordDividend Net Payout ratio

per share dividend Company’s of Company’s

Gross Net paid earnings earnings

Year (sen) (sen) (RM million) (RM million) (%)

2004 10.0 8.6 50.977 66.788 76.3(based on enlarged capital)

2003 25.0 20.5 100.675 139.299 72.3

2002 46.5 43.0 210.968 216.231 97.6

2001 20.0 15.8 68.688 139.909 49.1

2000 20.0 15.8 58.139 117.128 49.6

1999 24.0 17.3 63.585 93.624 67.9

Share Information

0

50

100

150

200

250

300

350

2003 2004Jan to June

0

1

2

3

4

5

6

7

8

9

RM

Vo

lum

e/ d

ay

share information

RM4.78RM4.62RM3.86

RM8.05

RM6.15RM6.50

Average Daily Volume High Low Close

152,000 340,000

+41%

share performance

0

1

2

3

4

5

6

7

8

9

Sep Oct Nov Dec Jan Feb Mac Apr May Jun Jul Aug

PP

B S

ha

re P

rice

(R

M)

0

100

200

300

400

500

600

700

800

900

1000

Co

mp

osite

Ind

ex

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

Yr2003 Yr2004

RM5.30

RM6.40

+21%

733

828

+13%

Corporate Developments

major acquisitions and joint ventures

PPB completed the privatisation of FFM Berhadby way of a members’ scheme of arrangementunder Section 176 of the Cos. Act, 1965

offer was for 1 new PPB share plus cash ofRM2.00 for every 1 FFM share

additional 102,126,817 PPB shares werelisted on Bursa Malaysia on 25 August 2004

PPB’s share capital increased to RM592.7million

FFM became a wholly-owned subsidiary ofPPB

major acquisitionand joint ventures

On 9 June 2004, FFM Group expanded its wheat flour milling activity to Thailand through the acquisition of 43.35% interest in Kerry-Glory Flour Mills Co. Ltd for a total cash consideration of Baht 329,454,414 equivalent to RM30.7 million.

On 7 May 2004, PGEO Group entered into a JV with KOG Investments Pte Ltd, S’pore to construct and operate an edible oils and fats processing facility in Rotterdam, Netherland through KOG Edible Oils BV (KOGBV) at a total cost of Euro 27.7 million. PGEO Group subscribed for 35% interest in KOGBV for a total cash consideration of Euro 4.2 million.

Prospects for 2004

prospects for 2004

Group’s profitfor 2004 is likely

to match thatof year 2003

Thank You