Presented by Koh Mei LeePresented by Koh Mei Lee

FINAL RESULTS FINAL RESULTS

YEAR ENDED 31 DEC 2004YEAR ENDED 31 DEC 2004

PPB GROUP BERHADPPB GROUP BERHAD

2

Agenda

1. Group Financial Highlights1. Group Financial Highlights

2. Dividend Record2. Dividend Record

3. Share Information3. Share Information

4. Group’s Major Activities in Year 20044. Group’s Major Activities in Year 2004

5. Corporate Development5. Corporate Development

6. Expansion/ Future Plans6. Expansion/ Future Plans

3

Financial results

FY 2004 FY 2003 Change

RM mil RM mil %

Revenue 11,000 9,320 18.0

Profit from operations 602 554 8.5

Net profit from investing activities 81 40 105

Share of associates/JV 66 124 (47.4)

Finance costs (15) (11) 31.5

PBT 734 707 3.7

Tax (184) (170) 7.8

PAT 550 537 2.4

Minority interest (149) (166) (10)

Net profit 401 371 7.9

EPS (sen) 75.8 75.7 0.2

4

RevenueRevenue

Total RM11 billionTotal RM11 billion

Sugar & cane

6%

Grains trading, flour & feed milling

7%

Edible oils refining &

trading

73%

Oil palm plantations

5%

Waste management

& utilities

1%

Property 1%

Others

6%

Film exhibition

1%

Segmental information – 2004

5

Operating ProfitsOperating Profits

Total RM602 millionTotal RM602 million

Sugar & cane 23.2%

Grains trading, flour

& feed milling

7%

Edible oils refining &

trading

19%

Oil palm plantations

36%

Waste management

& utilities 0.2%

Property 4%

Others

8.6%

Film exhibition

2%

Segmental information – 2004

6

0

20

40

60

80

100

120

140

160

180

Sugar refining & caneplantation

Grains trading, flour & feedmlling

RM

Mill

ion

Yr

2

00

3

Yr

2

00

4

Yr

2

00

3

Yr

2

00

4

8%

52%

156

143

89

43

Major contributors to group operating profit

Sugar refining and cane plantations

Contributed by MSM(100% subsidiary) and PPB Chuping.

Lower profits due to

Higher raw material prices.

Grain trading, flour and feed milling

Held under FFM Berhad (100% subsidiary).

Lower profits due to

Higher raw material prices.

Higher ocean freight rates.

7

0

50

100

150

200

250

Edible oils refining Oil palm plantations

RM M

illion

Yr

2

00

3

Yr

2

00

4

Yr

2

00

3

Yr

2

00

4

29%

33%

89

115

168

224

Major contributors to group operating profit

Edible oils refining

Held through PGEO Group Sdn Bhd (100% subsidiary).

Achieved significantly better results due to

Higher edible oils prices and refining margin.

Higher sales volume.

Oil palm plantations

Held through PPBOP (55.6% subsidiary).

Recorded higher profits due to

Higher crop production.

Higher palm product prices.

8

0

2

4

6

8

10

12

14

Waste management & utilities Film exhibition

RM M

illion

Yr

2

00

3

Yr

2

00

4

Yr

2

00

3

Yr

2

00

4

53%

16%

3 1

10

12

Major contributors to group operating profit

Waste management and utilities

Undertaken by Chemquest Group (55% subsidiary).

Lower profits due to

Preliminary expenses incurred for its projects in China.

Chemquest’s share of its associates results was RM14.1 million.

Film exhibition

Undertaken by GSC (54.2% subsidiary).

Increase in profits due to

Consistent supply of quality films.

9

0

10

20

30

40

50

60

Property Others

RM M

illion

Yr

2

00

3

Yr

2

00

4

Yr

2

00

3

Yr

2

00

4

117%

6%

3028

25

54

Major contributors to group operating profit

Property

Mainly undertaken by PPB Hartabina S/B (100% subsidiary).

Marginally lower profits due to lower unit sales of the Phase II Bukit Segar Residential project.

However, profit margins for Phase II is higher compared with Phase I due to increase in selling prices.

Others

Mainly include livestock farming, packaging, shipping, manufacturing and trading.

Main increase in profits due to :-

Manufacturing and trading (up RM17 million)

Shipping (up RM12 million)

10

Share of associates/ JV’s results

124

66

0

20

40

60

80

100

120

140

RM M

illion

Reason for lower profits contribution :-

Commodity trading division experienced difficult trading conditions.

Listing of MBC in Dec 2003 has changed its status from an associate company to Other Investment of the group.

Y2003 Y2004

47%

11

PBT for 5 years

409

322

501

707734

0

100

200

300

400

500

600

700

800

RM

Millio

n

2000 2001 2002 2003 2004

Year

80% growth

12

Cash and borrowings

RM250m

RM725m

RM475m

RM84m

RM391m

RM30m

RM538m

RM508m

RM150m

RM358m

Net cash

Cash &deposits

Totalborrowings

LTborrowings

STborrowings

2003 2004

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Dividend

Dividend

Per Share

Net

Dividend

Net

Dividend

Gross Net Paid Yield

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

2004 30.030.0 23.723.7 140.482140.482 3.53.5

2003 25.0 20.5 100.675 3.1

2002 46.5 43.0 210.968 10.9

2001 20.0 15.8 68.688 4.8

2000 20.0 15.8 58.139 4.5

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Share performance

0

1

2

3

4

5

6

7

8

9

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

PP

B S

hare

Pri

ce (

RM

)

700

750

800

850

900

950

Co

mpo

site

Ind

ex

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

Yr2004 Yr2005

RM6.45 RM6.80

RM6.80

788

907

872

Year 2004 Year 2003 % increase

Average Daily Volume 286,222 218,533 31%

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Major activities in year 2004

Flour millingFlour milling

Expansion into Thailand

Acquired 43.35% equity interest in Kerry-Glory Flour Mills Co.Ltd at Baht 329,454,414 (equivalent to RM30.7 million).

Principally involved in wheat flour milling and distribution and owns a 250mt/day flour mill in Samutprakarn, Thailand.

This investment will enable FFM Group to further enjoy the benefits of bulk purchasing of raw materials as well as synergies in freight arrangements of wheat flour shipment in the ASEAN region.

Enhance the Group’s operational efficiency in wheat flour milling activities by upgrading current mills and building new mills.

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Major activities in year 2004

Entered into a joint venture to construct and operate an edible oils and fats processing facility in Rotterdam, Netherlands.

PGEO Group Sdn Bhd and KOG Investments Pte Ltd hold 35% and

65% respectively in KOG Edible Oils BV (KOGBV).

Strengthen the group’s presence in European market on palm oil

products.

KOGBV’s issued and paid up capital is Euro 12 million and total capital

investment for the project is estimated at Euro 27.7 million.

Processing capacity about 300,000MT per annum.

Expected to commence operations in September 2005.

Edible oils refiningEdible oils refining

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Major activities in year 2004

Oil palm plantationsOil palm plantations

Commissioned its eighth CPO mill (40tph) in Suburmas estate, Sarawak.

PPBOP expanded its land bank in Indonesia by 50,322ha with the acquisition of three companies in Central Kalimantan.

Area statement 2004 2003 Change (%)

Total area 193,921 141,946 37%

Total plantable area 156,233 116,624 34%

Mature 61,777 57,141 8%

Immature 17,334 17,514 (1%)

In early 2005, PPBOP acquired another 16,867 ha of land in Kalimantan, bringing PPBOP’s landbank to 210,788 ha.

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Major activities in year 2004

Waste management and utilitiesWaste management and utilities

CWM completed three projects with a combined contract value RM84.8 million.

The projects were :-

Bayan Baru Sewage Treatment Works

Wangsa Maju Booster Pumping Station and Ancillary Works

Contruction of Sludge Treatment Plant at Sungei Semenyih

Chemquest Group as part of a consortium, secured a 30-year concession to process and deliver treated water to Hohhot, the capital city of Inner Mongolia, China.

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Major activities in year 2004

Film exhibitionFilm exhibition

Opened GSC, Gurney Plaza a 12-screen multiplex in January 2004.

Launched its E-Cinema at Mid-Valley and Gurney Plaza.

PropertyProperty

Handed over to the homeowners the following :-

Bukit Segar Phase II development

Taman Sinar Mentari Phase I

Launched Segar Courts apartment project in July 2004 which is expected to generate sales of RM17 million.

Refurbished Cheras LeisureMall at total cost of RM13 million and launched its new look in December 2004.

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Corporate development

Bonus issue

Proposed 1 for 1 bonus issue.

Approval is required from shareholders and Bursa securities.

Expected completion by end-June 2005.

Share capital Before After

Authorised 1,000,000,000 2,000,000,000

Issued and paid up 592,749,941 1,185,499,882

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Capital commitments as at 31 Dec 2004

Capital Commitments Capital Commitments

RM350.8 million

RM243.8m RM68.6m RM17.6m RM11.5m RM9.3m

PPBOP FFM PPB Leisure

PPB Hartabina

MSM, Chemquest and others

In addition to the above, FFM has further increased its capital commitment by RM60 million for the upgrading and expansion of the processing plants in PGEO Group of companies.

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PPB HARTABINA

PPB HARTABINA

Main Capital Commitments

Capital commitments as at 31 Dec 2004

PPB LEISURE

PPB LEISUREFFMFFMPPBOPPPBOP

Mill construction & PPE RM

-Sabah 65m

-Sarawak 12m

-Indonesia 52m

Total 129m

Plantation development

-Sabah 49m

-Sarawak 7m

-Indonesia 59m

Total 115m

Mill construction RM

Pulau Indah

23m

Processing plant at West Port 25m

Others 21m

Total 69m

Bandar Utama Phase II RM

New multiplex 17.6m

Renovation at Cheras RM

Plaza 8.7m

LeisureMall 2.8m

Total 11.5m

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Expansion/ future plans

Sugar

Further enhance its operating efficiency.

Focus on energy savings projects.

Flour milling

Construction of 2nd flour mill in Pulau Indah which is scheduled for completion by mid-2005.

To continually seek for new flour milling business opportunities in the ASEAN region.

Animal feed milling

Construction of the sixth feed mill in Pulau Indah which is scheduled for completion in April 2005.

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Expansion/ future plans

Oil palm plantations

Focus on developing its sizeable landbank in Indonesia.

Waste management and utilities

Continue to work with strategic partners and participate in open tenders for new projects.

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Expansion/ future plans

Film exhibition

Opened Berjaya-GSC a 9-screen multiplex in January 2005.

Secured new cinemas sites at :-

Bandar Utama Phase II (13 screens) – targeted to open in mid 2005.

KL Pavillion (13 screens) – targeted to open in mid 2007.

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Expansion/ future plans

Property

Development projects at :-

Penang’s New World Park – retail and F & B kiosks concept.

Bukit Segar, Cheras – high-end residential project and currently pending approvals from relevant authorities.

Bukit Tengah, Seberang Prai – residential development.

Bedong, Kedah – residential and commercial development.

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The EndThe End