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PPB GROUP BERHADPPB GROUP BERHAD

Final ResultsFinal ResultsYear Ended 31 Dec 2005Year Ended 31 Dec 2005

Presented by Koh Mei Lee

Senior Manager (Corporate Affairs)

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Agenda

1. Group financial highlights1. Group financial highlights

2. Dividend record2. Dividend record

3. Share information3. Share information

4. Capital commitments4. Capital commitments

5. Prospects for 20065. Prospects for 2006

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Financial results

FY2005 FY2004 Change

RM mil RM mil %

Revenue 10,688 11,000 (3)

Profit from operations 517 602 (14)

Net profit from investing activities 60 81 (26)

Share of associates/ JV 68 66 3

Finance costs (16) (15) 3

PBT 629 734 (14)

Tax (161) (184) (13)

PAT 468 550 (15)

Minority interest (74) (149) (50)

Net profit 394 401 (2)

EPS (sen) 33.3 37.9 (12)

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Segmental information

Sugar & caneSugar & cane7%7%

Grains trading,Grains trading,flour & feedflour & feed

milling milling 8%8%

Edible oilsEdible oilsrefining & tradingrefining & trading

71%71%

Oil palmOil palmplantationsplantations

5%5%

Waste Waste management & management &

utilities utilities 1%1%

Film Film exhibitionexhibition

1%1%

PropertyProperty0.4%0.4%

OthersOthers6.6%6.6%

RevenueRevenueTotal RM10.7 billionTotal RM10.7 billion

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Segmental information

Sugar & caneSugar & cane17%17%

Grains trading,Grains trading,flour & feedflour & feed

milling milling 11%11%

Edible oilsEdible oilsrefining & tradingrefining & trading

24%24%

Oil palmOil palmplantationsplantations

31%31%

Waste Waste management & management &

utilities utilities -1%-1%

Film Film exhibitionexhibition

3%3%

PropertyProperty4%4%

OthersOthers11%11%

Operating profitsOperating profitsTotal RM517 millionTotal RM517 million

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Major contributors to group operating profit

Reason for higher/ lower profitsSugar & caneHigher raw sugar prices.

Grains trading, flour & feed millingHigher sales.

Edible oils refining & tradingHigher sales volume & better refining margins.

Oil palm plantationsLower CPO prices.Higher operating cost.Average CPO price realised :- Year 2004 RM1,610 per tonne Year 2005 RM1,349 per tonne

143

91

4357

115126

224

165

0

50

100

150

200

250

Sugar & cane Grainstrading, flour& feed milling

Edible oilsrefining &trading

Oil palmplantations

Y2004 Y2005RM million

RM52 m (37%)

RM59m (26%)

RM14m (34%)

RM11m (10%)

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Major contributors to group operating profit

Reason for higher/ lower profitsWaste management & utilities Due to losses from a Singapore

subsidiary, Marathon Equipment Asia Pte Ltd which has since been divested.

Film exhibition Stronger performance of blockbuster

films. Opening of new cineplexes.

Property Most of the residential houses have

been sold.

Others Livestock (up RM16.3million) Manufacturing & trading (up RM8million)

1

-6

12

18

28

19

54

65

-10

0

10

20

30

40

50

60

70

Wastemanagement

& utilities

Film exhibition Property Others

Y2004 Y2005RM million

RM7m (>100%)

RM6m (51%)

RM9m (32%)

RM11m (21%)

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Share of associates/ JV’s results

Registered higher profits mainly contributed by :-

Kerry-Glory Flour Mills Co Ltd (up RM4.6 million).

66

68

60

62

64

66

68

Y2004 Y2005

RM million

RM2m (3.3%)

9

PBT for 5 years

322

501

707

734

629

0

100

200

300

400

500

600

700

800

2001 2002 2003 2004 2005

RM Million

Year

10

Cash and borrowings

538

508

150

358

753

517

150

367

30

236Net cash

Cash & deposits

Total borrowings

LT borrowings

ST borrowings

Y2004 Y2005RM Million

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Dividend record

DividendPer Share

NetDividend

NetDividend

Payout ratio

Gross Net Paid/payable Yield Group Company

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

2005-Interim-Final

5.05.015.015.0

3.63.610.810.8

42.67842.678128.034128.034

3.53.5 43.343.3 115.9115.9

170.712170.712

2004 30.0 23.7 140.482 3.5 35.1 75.4

2003 25.0 20.5 100.675 3.1 27.1 72.3

2002 46.5 43.0 210.968 10.9 86.8 97.6

2001 20.0 15.8 68.688 4.8 40.3 49.1

* The final dividend for year 2005 is payable on 7 June 2006 and is based on the enlarged share capital of 1,185,499,882.

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Share performance

0

0.5

1

1.5

2

2.5

3

3.5

4

4.5

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

PPB

Shar

e Pr

ice

(RM

)

820

840

860

880

900

920

940

960

Com

pos

ite In

dex

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

Y2005 Y2006

RM3.35 (adj. for BI)

RM4.16 RM4.12

871

900

929

31 24

31-3-05

31-12-05 28-2-06

Bonus issue on 8.6.05

Closing price - Pre BI RM7.10

Closing price - Post BI RM3.60

High RM4.50 (on 7.10.05)

Low RM3.58 (8.6.05)

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Capital commitment as at 31 Dec 2005

RM660 million

Capital commitments

RM457mRM457m RM140mRM140m RM25mRM25m RM29mRM29m

PPBOP FFM MSM PPB Leisure

RM9mRM9m

Others

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Capital commitment as at 31 Dec 2005

PPB Leisure

PPB LeisureMSMMSMFFMFFMPPBOPPPBOP

PPE & Others RM

- Malaysia 4m

-Sabah 55m

-Sarawak 10m

-Indonesia 184m

Total 253m

Plantation development

-Sabah 61m

-Sarawak 11m

-Indonesia 132m

Total 204m

Construction, upgrading & acquisition of land RM

Kernel crushing plant

16m

Processing plants at West Port 38m

Flour mill project at Prai

46m

Others 40m

Total 140m

Upgrading and replacement

New cinema and upgrading RM

New multiplex

28.3m

Cinema upgrading expenditure

0.7m

Total 29m

Capital commitments

Refined sugar silo

RM

6m

Melting & packaging 16m

Others 3m

Total 25m

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Prospects for 2006

2006 is expected to be another challenging year for the Group.

• The oil palm plantations division should be contributing higher profits with the increase in crop production and based on current prices.

• Sugar division is expected to face higher raw material prices.

• Other core operations are expected to perform satisfactorily.

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