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September 2018

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SIME DARBY BERHAD

1Strictly Private & Confidential

Disclaimer

This document is strictly confidential to the recipient. It is being supplied to you solely for your information and may not be reproduced, redistributed or passedon, directly or indirectly, to any other person or published, in whole or in part, for any purpose. Upon request, you shall promptly return this document allother information made available in connection with this document, without retaining any copies. The distribution of this document in other jurisdictions maybe restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.

This document does not constitute and is not an offer or invitation to sell, or any solicitation of any offer to subscribe for or purchase any securities of anycompany referred to in this document in any jurisdiction. The companies referred to herein have not registered and do not intend to register any securitiesunder the US Securities Act of 1933, as amended (the “Securities Act”), and any securities may not be offered or sold in the United States absent registrationunder the Securities Act or an exemption from registration under the Securities Act. By attending the presentation you will be deemed to represent, warrantand agree that to the extent that you purchase any securities in any of the companies referred to in the presentation, you either (i) are a “qualifiedinstitutional buyer” within the meaning of Rule 144A under the Securities Act, or (ii) you will do so in an “offshore transaction” within the meaning ofRegulation S under the Securities Act.

By attending this presentation and accepting a copy of this document, you represent and warrant that (i) you have read and agreed to comply with thecontents of this notice; (ii) you will maintain absolute confidentiality regarding the information contained in this document including information presentedorally or otherwise in accordance with your confidentiality obligation; and (iii) you are lawfully able to receive this document and attend this presentationunder the laws of other jurisdiction in which you are subjected and other applicable laws.

This document is for the purposes of information only and is not intended to form the basis of any investment decision. This presentation may contain forward-looking statements by Sime Darby Berhad that reflect management’s current expectations, beliefs, intentions or strategies regarding the future andassumptions in light of currently available information. These statements are based on various assumptions and made subject to a number of risks,uncertainties and contingencies and accordingly, actual results, performance or achievements may differ materially and significantly from those discussed inthe forward-looking statements. Such statements are not and should not be construed as a representation, warranty or undertaking as to the futureperformance or achievements of Sime Darby Berhad and Sime Darby Berhad assumes no obligation or responsibility to update any such statements.

No representation or warranty, express or implied, is given by or on behalf of Sime Darby Berhad or its related corporations (including without limitation, theirrespective shareholders, directors, officers, employees, agents, partners, associates and advisers) (collectively, the “Parties”) as to the quality, accuracy,reliability, fairness or completeness of the information contained in this presentation or its contents or any oral or written communication in connection withthe contents contained in this presentation (collectively, the “Information”), or that reasonable care has been taken in compiling or preparing theInformation. None of the Parties shall be liable or responsible for any budget, forecast or forward-looking statements or other projections of any nature or anyopinion which may have been expressed or otherwise contained or referred to in the Information.

The Information is and shall remain the exclusive property of Sime Darby Berhad and nothing herein shall give, or shall be construed as giving, to anyrecipient(s) or party any right, title, ownership, interest, license or any other right whatsoever in or to the Information herein. The recipient(s) acknowledgesand agrees that this presentation and the Information are confidential and shall be held in complete confidence by the recipient(s).

All the images, pictures and photos including design drawings in relation to the company’s property development projects contained in this document are artistimpression only and are subject to variation, modifications and substitution as may be recommended by the company’s consultants and/or relevant authorities.


Table of Contents

Section Page

1. Sime Darby Berhad 3

2. Motors Division 14

3. Industrial Division 24

4. Logistics Division 34

5. Others 37

6. Appendices 40


Company overview

4

Sime Darby Berhad

Leading trading company in APAC with strong partnerships with premium brands

China

18 Countries & Territories(1)

Singapore

Indonesia

Christmas Island

Brunei

Thailand

Hong Kong

Macau

Taiwan

MaldivesPapua New Guinea

Solomon Islands

New Caledonia

Vietnam

Motors Industrial Logistics Healthcare

Malaysia

Australia

New Zealand20,266 Employees(2)

South Korea

#2 BMW dealer globally

#3 Caterpillar dealer globally

4 ports in China

6 hospitals in Malaysia & Indonesia

FY18 Financial Snapshot

RevenueRM33,828m

PBITRM1,074m

EBITDA RM1,738m

PATAMIRM618m

Total AssetsRM24,857m

Shareholders’FundsRM14,370m

(1) Geographical footprint defined as locations in which Sime Darby Berhad has assets or employees, and includes JV’s operations (i.e. Ramsay Sime Darby Health Care operates in Indonesia); (2) As at 31 May 2018. Excludes employees of Ramsay Sime Darby Healthcare;

5

Ports & Logistics and Water Management in Shandong, Eastern China

Entered Shandong in 2005 and is currently the largest multi-purpose port in Yellow Delta River, Shandong

Weifang Port – dry bulk, break bulk, liquid bulk, general cargo & container

Jining Ports (3 ports) –Stevedoring & storage services for coal & coal related products

Water treatment plants (2 plants) – supplies clean water to residential, commercial and industrial users in the BEDA area(1) [pending disposal]

2,701 2,320

Assets Invested Capital

Comprehensive range of equipment and services i.e. new and used machine and engine sales, rental and full range of product support services

Network of more than 109 branches throughout APAC

Balanced sectoral exposure in mining, construction, forestry, marine and energy

Also provides comprehensive range of industrial solutions via Allied Brands and Energy Solutions

CAT dealer since 1929 and is the third largest CAT dealer globally

9,242 5,896


Retail, distribution and assembly businesses

Presence in 10 countries & territories across APAC, over 40 years experience

Represents 31 brands, ranging from luxury brands (e.g. BMW, Porsche, Rolls Royce) to mass market brands (e.g. Ford, Hyundai), as well as trucking names (e.g. Hino and Mack)

BMW dealer since 1972 and is the second largest BMW dealer group globally

10,870 7,701


50:50 JV with Ramsay Healthcare for the management of hospitals and provision of healthcare services

731 731


341

74

Revenue PBIT

13,041

612

Revenue PBIT

20,341

543

Revenue PBIT

Business overview

Diversified trading and logistics company; valuable healthcare component

Notes: (1) BEDA - Binhai Economic-Technological Development Area (2) Invested capital is total assets (excluding tax assets and intercompany balances) less operating liabilities (i.e. all liabilities except borrowings, intercompany balances, leases and tax liabilities (3) ROAIC is PBIT divided by average invested capital

Motors Industrial Logistics Healthcare

ROAIC7.9%

PBIT Margin2.7%

(FY18; RM m) (FY18; RM m) (FY18; RM m)

(FY18; RM m)

ROAIC9.2%

PBIT Margin4.7%

ROAIC3.2%

PBIT Margin 21.7%

Others

12% stake in Eastern & Oriental

Owns c.8,800 acres of land in the Malaysia Vision Valley region and 4 corporate towers in Ara Damansara

30% stake in Tesco Malaysia

Provision of shared services to all Sime Darby pure plays

Insurance broking services in Malaysia, Singapore and Hong Kong

Holder of SIME DARBY trademarks

MALAYSIA VISION VALLEY

(2)

(2)

(3) (3) (3)

(2)(2)

883

57

Revenue PBIT

PBIT Margin 6.5%

ROAIC7.8%

(3)


FY18: Segmental Information

Diversified exposure across segments and geographies, low gearing for expansion

Total Revenue

Total PBIT

(FYE June; RM mm)

By Segment By Geography

Revenue: RM33,828m

Capital Structure

Total Borrowings (By maturity)

Total borrowings: RM 2,889m

Debt/Equity: 19.6%

Notes:(1) China consists of China, Hong Kong, Macau & Taiwan; (2) Australasia consists of Australia, New Caledonia, New Zealand, Papua New Guinea & Solomon Islands

By Segment By Geography

PBIT: RM1,074m

Malaysia26%

Australasia8%

China/HK36%

SEA (excl. Msia)30%

Industrial44%

Motors39%

Logistics6%

Others-11%

Industrial39%

Motors60%

Logistics1%

Others0% Malaysia

15%

Australasia30%

China/HK38%

SEA (excl. Msia)17%

2,642

70 16314

< 1 year 1-2 years 2-5 years > 5 years

14,370

389

247 2,642

14,759

2,889 1,672

Equity Debt Cash

Shareholders' Funds NCI LT Borrowings ST Borrowings Cash

(1)(2)

(2)(1)


FY2018 Financial Results

Reported Profit: 12 Months ended 30 June 2018

In RM Million FY2018 FY2017 YoY %

Revenue 33,828 31,087 8.8

PBIT 1,074 784 37.0

Finance income1 104 512

Finance costs (113) (289)

Profit before tax 1,065 1,007 5.8

Taxation (380) (212)

Profit from continuing operations 685 795 (13.8)

Non-controlling interests & Perpetual (67) (180)

Net profit from continuing operations 618 615 0.5

Net profit from discontinued operations (Plantation & Property)

1,301 1,823

Net profit attributable to owners of the Company 1,919 2,438

Notes: 1. Includes finance income from discontinued operations of RM48m (FY2018) and RM465m (FY2017)


FY2018 Financial Results

Core Net Profit: 12 Months ended 30 June 2018

In RM Million FY2018 FY2017 YoY %

Reported PBIT 1,074 784 37.0

Adjustments

• Disposal of/compensation from properties (238) (30)

• Bucyrus impairment - 257

• Motors Vietnam 1991 66

• Impairment of equity in E&O 103 -

• Disposal of E&O shares/warrants - (35)

• Yayasan Sime Darby – deconsolidated in Q3 852 27

• ONGC Provision 28 -

• Net corporate forex gain (23) (120)

Core PBIT 1,228 949 29.4

Net finance costs (56) (137)

Tax expense (282) (140)

Non controlling interests (55) (59)

Core Net Profit 835 613 36.2

Notes: 1. Includes impairment of distribution rights (RM61m) and write-down of inventories (RM89m)2. Includes writedown of assets (RM61m), expenses (RM37m) and reversal of accruals (RM13m)


2,373 2,642

274

247

Mar-18 Jun-18

ST Borrowings LT Borrowings

2,647 2,889

FY2018 Results Announcement

Snapshot of borrowings position

RM 2.89bnAs at 30 June 2018

RM1.67bnBank balances, deposits

and cash

19.6%Debt/Equity Ratio

RM14.8bnTotal Equity

T o t a l B o r r o w i n g sL o n g T e r m v s S h o r t T e r m B o r r o w i n g s


By Segment

Historical ROAIC (FY18 ROAIC vs 10-year and 5-year average)

Core businesses: Motors and

Industrial core businesses provide

the highest ROAIC for Sime Darby

Berhad

Healthcare’s ROAIC has improved

due to better performance from

Malaysian operations

Logistics’ ROAIC is significantly

lower due to its asset heavy

structure

By Segment

Invested Capital as at 30 June 2018

Total Invested Capital: RM 17,364m

Segmental Financials

Industrial, 44%

Motors34%

Logistics, 14%

Healthcare, 4%

Others, 4%

7,701

5,896

2,320

731 716

Industrial Motors Logistics Healthcare Others

14%13%

4%5%

7%

10%

4%4%

Industrial Motors Logistics Healthcare

8% 9%

3%

8%

FY18

10-year avg.

5-year avg.

Core businesses of Motors and Industrial provide good ROAIC


Value Creation Plan

To be the leading Motors & Industrial multi-national in Asia Pacific

OPERATIONAL EXCELLENCE

RATIONALISING NON-CORE

BUSINESSES

ACCELERATING GROWTH

Sime Darby Berhad

Value creation: Delivering returns and growth

RATIONALISING NON-CORE

BUSINESSES

• Leverage on mining recovery, infrastructure, new model launches

• New markets and new brands via M&A

• Complementary adjacencies(assembly, asset management)

• Optimise cost structure via operational excellence

• Strengthenresilience to down cycles

• Turnaround of poor performing businesses

• Re-deploy capital towards our core businesses and key projects


Business characteristics

High volume, low margin business with significant footprint across Asia; strong partnerships

Low gearing, room for expansion

Ample debt headroom for strategic expansion and M&As

19.6%Debt to equity ratio

High volume, low margin business

Long-standing partnership with premium brands

Healthcare a hidden gem

Broad footprint across Asia Pacific

SDB’s business is characterized by highunit sales and low trading margins(~3%). However, if working capital ismanaged well, cash flows are significantand ROIC can be high.

Cyclical business

(1) Source: Wood Mackenzie

• Premium hospitals in Indonesia and Malaysia tap into growing affluence in the region

• Large network andstrong “know how” in the Asia Pacific region

• Diversified operational footprint with exposure to emerging markets and developed economies

Industrial benefiting from pick up in coal prices

22%Coal % of world energy consumption by 2040(¹)

Business dependent on commodity cycle (coal, O&G) for Industrials andmodel cycle for Motors

BMW sales expected to pick up with popular new models

BMW X3 2018

SINCE

1929SINCE

1972

Partner of choice for MNCs who wish to expand in Asia

• Proxy to key macro trends i.e. growing Asian affluence (BMW), demographics (Healthcare) and commodity upcycle (Industrial)

• Significant expansion opportunities in other Asian markets, leveraging on brand

• Asian healthcare business supported by strong valuations

Capital requirement not strenuous

Undemanding capex requirements which largely revolve around showroom upgrades and warehouses


Sime Darby: Executive Leadership

Jeffri Salim Davidson

Group Chief Executive Officer

Appointed Deputy Group CFO in 2016 and previously SeniorVice President of Industrial Division (China, Singapore &Power Systems)

Held various senior leadership positions in Sime Darby Berhadincluding the Finance Director of Tractors Malaysia Sdn Bhdand Managing Director of China Engineers Limited

Holds a BSc in Geology from University College London(United Kingdom), and a Chartered Accountant (ICAEW) byprofession

Andrew Basham

Managing Director, Sime Darby Motors

Appointed as Managing Director of Motors Division in March2018, with over 20 years experience in the motorsdistribution business.

Prior to joining Sime Darby, Andrew was the ManagingDirector for Lei Shing Hong Automotive in Hong Kong,overseeing the retail and importation of Mercedes-Benz andPorsche vehicles in Korea, Australia, Vietnam, England,Germany and Cambodia.

Andrew is a member of the Institute of CharteredAccountants in Australia.

Scott William Cameron

Managing Director, Sime Darby Industrial

Appointed as Managing Director of Industrial Division in 2007 25 years of experience in the Caterpillar family. Began his

career with Price Waterhouse in Brisbane, Sydney and NewYork before joining Hastings Deering (Australia) Limited asthe Finance Director in 1992. Currently the Dealer Principal ofthe Hastings Deering Group

Holds a degree in Commerce from University of Queensland.He is a Fellow of the Institute of Chartered Accountants inAustralia and a Fellow of the Australian Institute of CompanyDirectors

Timothy Lee Chi Tim

Managing Director, Sime Darby Logistics

Appointed as Managing Director of Logistic Division in 2011 Over 20 years of operational experience in the ports and

container terminal management industry in Hong Kong Previously the Operations Manager of the Hong Kong

Business Unit for Modern Terminals Limited (the secondlargest port operator in Hong Kong) prior to joining SimeDarby

Datuk Thomas Leong Yew Hong

Group Chief Strategy Officer

Appointed as Head of Strategy and Corporate Finance forSime Darby Group in 2016

Previously Executive Vice President of Maybank’s GroupStrategy & Business Development and has held seniorpositions in Accenture and Deloitte Consulting, based inAustralia, Hong Kong and Malaysia

Holds a BSc in Software Engineering from Australian NationalUniversity, and an MBA (International Corporate Finance)from University of Sydney

Mustamir Mohamad

Group Chief Financial Officer

Appointed as Head of Group Finance for Sime Darby Group in2014

Previously served in various senior positions in Sime Darby,including Head of Strategy & Business Development in SimeDarby Plantation; Head of EVP Office, Sime Darby Plantation;and Senior Manager of Value Management in Group Strategy,Sime Darby Berhad

He holds a degree in Accounting and Finance from the LondonSchool of Economics and Political Science, is a Fellow ofICAEW and a member of the Malaysian Institute ofAccountants (MIA)

Qualified & Experienced Management Team

14Strictly Private & ConfidentialStrictly Private & Confidential

Motors Division


History & Key Milestones

BMW (HK & Macau)Acquired the sole importer and distributor of BMW cars & motorcycles in HK & Macau

19

72

19

79

BMW (Singapore)Obtained dealership rights of BMW cars & motorcycles in Singapore

JV with Fordto distribute Ford vehicles in Malaysia1

98

1

19

82

Entered hire & drive businessthrough the Hertz franchise for Malaysia and Brunei

19

87

BMW (Malaysia)Appointed authorised sole importer & distributor of BMW in Malaysia

BMW (Singapore)Won the BMW AG award for achieving the highest BMW sales worldwide

19

97

19

98

New ZealandAcquired 80% of Continental Car Services Ltd i.e. multi-franchise dealership based in Auckland

20

01

Peugeot MotorsAppointed distributor of Peugeot Motors in Australia & New Zealand

Trucks (New Zealand)Investment in the truck business in New Zealand (Mack, Renault & Hino)

20

04

20

05

Hyundai MalaysiaAcquired Hyundai business and Inokomassembly facility in Malaysia

20

10

Malaysia & China Appointed distributor &

retailer of Porsche in Malaysia

Added the Lamborghini marque to its retail business in China

20

12

Rolls Royce Macau, Porsche Sydney Rolls Royce Macau

dealership commenced operations

Acquired Porsche Sydney

Vietnam, Taiwan, Malaysia, Australia Acquired official BMW &

Mini importer & distributor for Vietnam

Appointed sole distributor for Kia in Taiwan

Commenced assembly of Mazda vehicles in Inokomfor export to Thailand

Acquired BMW Brisbane, Australia

20

14

20

13

Jaguar & Land Rover (Malaysia), Ferrari (Brisbane) Obtained sole

distributorship of Jaguar & Land Rover in Malaysia

Added Ferrari to Brisbane, Australia

Fiat & Alfa Romeo (Australia)Addition of Fiat & Alfa Romeo dealerships in Australia

20

17

Source: Company website

Solid Track Record Across 9 Markets in the Asia Pacific Region


Rental

DealerDistributor & Dealer

Distributor & Dealer


Rental

DealerDistributor & Dealer


Source: Corporate Presentation, Company website

Sime Darby Motors

Singapore

Rental

Thailand New ZealandMalaysia Taiwan


Macau ChinaChinaHong KongAustralia

Dealer

Dealer

Assembly

Assembly (Inokom)

We represent strong luxury and mass market brands across APAC


Sime Darby Motors

China

Malaysia

Australia

New Zealand

Thailand

Singapore

Dealer

Current Presence

Assembly

Rental


TaiwanHong Kong

SDM represents 31 strongluxury, mass market andtrucking brands across 9markets in Asia Pacific.

• #2 BMW dealer globally

• One of Top Rolls Royce dealers in Asia Pacific

• A leading Distribution group in Malaysia

• A leading Commercial Vehicle Distributor in NZ

Countries & Achievements

• BMW (44 years) – Eight markets

• Ford (37 years) – Singapore and Malaysia

• Porsche (30 years) – Malaysia, Australia and New Zealand

• Hyundai (14 years) – Malaysia and Taiwan

Key Strategic Partners

Focused on Expansion in Asia Pacific


Leverage on new model launches

Focus on growth and efficiency of used cars and aftersales

Ensure facilities are up to standard

Divestment of non-core and loss making businesses

Set action plans for under achievers

Assembly for existing partners (Hyundai and BMW) for ASEAN Region

Introduce new marques to assemble for local and export markets

Explore new markets (e.g. Indonesia and Philippines) to represent existing partners

Explore new marques in existing markets

Develop and Implement a Digital transformation strategy across the operations

Turnaround Loss Makers/ Divestment of non-coreOperational

Excellence

Expand Assembly

Business Expansion

“Future Proofing” Strategy

I

II

III

IV

Objectives

Sime Darby Motors

Levers

Sime Darby Berhad

V

Focus on new launches, expand assembly, M&A for new territories


164 184

386

633

702 711

635

474 503

633

692

FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018

ROAIC(3) (%)

Sime Darby Motors

Revenue (RM mm) PBIT (RM m)

Invested Capital(2) (RM mm)

Notes: (1) Excludes impairments of RM199m relating to Vietnam and gains on property disposal of RM50m(2) Invested capital is calculated as total assets (excluding tax assets and intercompany balances) less operating liabilities (i.e. all liabilities except borrowings, intercompany balances, leases and tax liabilities (3) ROAIC is calculated as PBIT divided by average invested capital

Stronger contributionsfrom Malaysia andChina operations

Record sales of the trucking business across all brands inNZ, higher sales volume in China and increased COE quota& timely launches of new BMW models in Singapore

Reduction in working capital - inventories,receivables and cash balances

Increase in working capitaland acquisition of BMWBrisbane and Vietnam

Impacted by GST inMalaysia and governmentpolicy in China

(1)

7,926 7,510

10,098

14,818

16,597 17,266 17,745

18,646 19,155 20,602 20,341


2,602 2,720 2,743

3,226

3,738 4,033

6,086 6,431

5,755 5,826 5,896


Key Financial Highlights

6.6% 6.9%

14.1%

21.2%20.2%

18.3%

12.6%

7.6%8.3%

10.9%

9.2%



3,334 3,353

4,516 5,026 5,196

34 28192 112 121

2014 2015 2016 2017 2018

Revenue PBIT

Reported Revenue & Core PBIT (RM m)

Units SoldFY18 Sales Contribution

& Units Sold

Sime Darby MotorsM

ala

ysia

SEA

(excl.

Mala

ysia

)

Units sold: 16,611

Units sold: 20,310

Marques

Malaysia

SEA (Excl. M’sia)

7.3% 4.7% 2.6% 6.2%

PBIT Margin

Note:(1) Excludes land compensation of RM9m(2) Excludes a goodwill impairment of RM19m and provision on inventories of RM18m in Vietnam(3) Excludes impairment of distribution rights or RM61m and writedown of inventories amounting RM89m in VietnamSource: Audited accounts, Corporate presentation

PBIT Margin

5.9%

1.0% 0.8% 4.3% 2.2% 2.3%

(3)(2)

(1)

Malaysia, 18% 31,230

26,607

18,571 17,663 16,611

2014 2015 2016 2017 2018

SEA (excl. M'sia), 25%

12,623 12,696

16,396

18,693 20,310

2014 2015 2016 2017 2018

Units Sold, Revenue & PBIT by Region (1/2)

4,563 4,323

3,385 3,573 3,576

333

204

87

223 210

2014 2015 2016 2017 2018

Revenue PBIT


7,227 7,758 7,984

8,549 8,672

250124 134

231 236

-1500

-1300

-1100

-900

-700

-500

-300

-100

100

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

2014 2015 2016 2017 2018

Revenue PBIT

China/HK/Macau, 41%

Reported Revenue & Core PBIT (RM m)

Units SoldFY18 Sales Contribution

& Units Sold

Sime Darby MotorsEast

Asia

Au

str

ali

a /

New

Zeala

nd

Units sold: 35,601

Units sold: 9,219

Marques

China / HK / Macau / Taiwan

Australia / New Zealand

Source: Audited accounts, Corporate presentation

PBIT Margin

PBIT Margin

3.5% 1.6% 1.7% 2.7% 2.7%

0.7% 3.7% 2.8% 3.0% 4.3%

Note:(1) Excludes land compensation of RM41mSource: Audited accounts, Corporate presentation

31,596 33,915

31,827 34,293

35,601

2014 2015 2016 2017 2018(1)

Australia/NZ, 17%

16,663 18,060

16,266

13,325

9,219

2014 2015 2016 2017 2018

2,622

3,212 3,270 3,454

2,897

18 118 90 104 125

2014 2015 2016 2017 2018

Revenue PBIT

Units Sold, Revenue & PBIT by Region (2/2)


Sime Darby Motors Improved performance in China region

In RM Million FY2017 FY2018

China, HK, Macau & Taiwan 8,550 8,672

Singapore & Thailand 4,548 5,127

Malaysia 3,571 3,576

Australia & NZ 3,454 2,897

Vietnam 478 69

Total Revenue 20,601 20,341

China, HK, Macau & Taiwan 201 236

Singapore & Thailand 141 121

Malaysia 223 210

Australia & NZ 104 125

Total Core PBIT 669 692

VietnamProperty disposal/compensation

(66)30

(199)50

Total PBIT 633 543

PBIT margin 3.1% 2.7%

Core PBIT margin 3.2% 3.4%

ROIC 10.9% 9.2%

20,601 20,341

18,000

18,500

19,000

19,500

20,000

20,500

21,000

Revenue

Jun-17 Jun-18

633543

0

100

200

300

400

500

600

700

PBIT

-1.3%-14%

C h i n a , H K , M a c a u , T a i w a n

• Higher volume from luxury cars in Hong Kong• Financial performance in Taiwan improved due to

new models being launched and growing dealernetwork

S i n g a p o r e , T h a i l a n d

• Includes share of loss from associate (Munich Auto)of RM10m

M a l a y s i a

• Higher corporate costs despite higher sales volumedue to zero-rated GST in June 2018

A u s t r a l i a , N Z

• Higher profit after the divestment of loss-makingoperations and improved light commercial rentalbusiness due to mining recovery

V i e t n a m

• Impairment of distribution rights (RM61m) andwrite-down of inventories (RM89m)

P r o p e r t y D i s p o s a l

• Land/property compensation: China (RM41m) andMalaysia (RM9m)

• FY2017: Disposal of property in Hong Kong


Sime Darby Motors

B M W 6 S e r i e s G TS e p t e m b e r 2 0 1 8

J a g u a r F - T y p eS e p t e m b e r 2 0 1 8

B M W i 8 C o u p eA u g u s t 2 0 1 8

L a m b o r g h i n i U r u sA u g u s t 2 0 1 8

Upcoming Model launches


Industrial Division


History & Key Milestones

Tractors Singapore was established in Singapore.

19

64

Sime Darby & Co (Kumpulan Sime Darby Bhd) established in Malacca, Malaysia1

91

0

19

29

CAT (Malaysia)Sime Darby, through Sarawak Trading Company was appointed as a Caterpillar dealer for Sarawak.

Tractors dealerships extended to Peninsular Malaysia, Singapore, Brunei and Christmas Island

19

57

China Engineers Ltdbecame a subsidiary of the group

19

72

Tractors Malaysia began its manufacturing and assembly operations

19

84

19

92

Hastings DeeringAcquired Hastings Deering Group, Caterpillar dealer in Australia (Queensland and Northern Territory), Papua New Guinea and Solomon Islands

CaltracHastings Deering acquired Caltrac, the Caterpillar dealer in New Caledonia2

00

0

20

11

Partnership with ENGIEPartnership agreement with ENGIE to (i) develop solar energy, and (ii) integrated facilities management services in Malaysia.

USD8.8 bn acquisition of Bucyrus by Caterpillar. Hastings Deering became the first Caterpillar dealer in the world to sell, service and support the new range of Caterpillar underground and surface mining equipment

20

17

Long-standing Partnership with Caterpillar Since 1929


Malaysia (via JV with

Kubota Corp & Marubeni Corp)

Hong Kong & Macau, China

Asia Pacific region

(JV with TerbergBenschop)

Hong Kong & Macau

Malaysia, Christmas Island (Indian Ocean),

Singapore

China

Malaysia Australia

Malaysia, Hong Kong, Macau, China, South

Korea

Australia, China & Malaysia

Singapore Vietnam

Australia, Malaysia & Singapore

ChristmasIsland (Indian

Ocean), Singapore,

Maldives

Sime Darby Industrial

CAT Dealer Operations Allied Brands Group

Malaysia, Brunei

Singapore, Maldives, Christmas Island

Hong Kong, Macau

Southeast China (Province of Guangdong, Guangxi, Hainan, Fujian, Hunan, Jiangxi) and Xinjiang

Australia (Queensland & Northern Territory), PNG & SI

New Caledonia

Energy Solutions Group

Mecomb Group:Singapore, Malaysia and Thailand

Engineering & Technical Services: Malaysia

Strong brands and comprehensive market reach throughout APAC


LEGEND

China / HK / Macau / South Korea

Malaysia

South East Asia

Australia and Pacific Islands

Regional Presence Across 17 Countries and Territories, Supported by a Network of Branches

Principal activities

– Sale, rental and used equipment of Caterpillar equipment and engine

– Sale of parts, service maintenance, equipment monitoring system and technology equipment's

Regional presence: 14 countries & territories(1)

No. of branches: 109(2)

Orderbook: RM2.74 bn (as at 30 June 2018)

Total no. of employees: 8,151 (as at 31 May 2018)

SOLOMON ISLANDS

CHINA/HK

MALAYSIABRUNEI

SINGAPORE

AUSTRALIA

PAPUA NEW GUINEA

NEW CALEDONIA

CHRISTMAS ISLAND

Hunan Jiangxi Fujian Guangdong Guangxi Hainan

MALDIVES

Xinjiang

Queensland

Northern Territory

Macau/HK

VIETNAM

South Korea

Regionalindustry presence

No. of branches

(1)

Construc-tion

Forestry Mining QuarryPower

Systems

China &HK, Macau

63

South East Asia

23

(4 depot & 7CAT rental

stores)

Australasia 23

Note: (1) Regional presence defined as locations in which Sime Darby Industrial has assets or employees; (2) Refers to Caterpillar branches only



Metallurgical coal prices have stabilised around USD200/tonne vs. average FOB cost for Queensland producers of USD100/tonne.

The return to profitability has sparked renewed capital investment by BHP Billiton

Source : EIA International Energy Outlook 2016

Coal will continue to remain relevant as a source of power in the next two decades.

Utilisation is projected to remain constant at 10 trillion kilowatt hours, ~30% of fuel requirements.

0

50

100

150

200

250

300

350

400

Q1 2

010

Q2 2

010

Q3 2

010

Q4 2

010

Q1 2

011

Q2 2

011

Q3 2

011

Q4 2

011

Q1 2

012

Q2 2

012

Q3 2

012

Q4 2

012

Q1 2

013

Q2 2

013

Q3 2

013

Q4 2

013

Q1 2

014

Q2 2

014

Q3 2

014

Q4 2

014

Q1 2

015

Q2 2

015

Q3 2

015

Q4 2

015

Q1 2

016

Q2 2

016

Q3 2

016

Q4 2

016

Q1 2

017

Q2 2

017

Q3 2

017

Q4 2

017

Q1 2

018

Q2 2

018

Q3 2

018

Q4 2

018

Queensland Hard Coking Coal FOB (USD/tonne)

Key Industry Highlights


Enhanced sales from mining recovery and infra spending

Customer Experience (CX) –Digital as an Enablerto increase and protect market share

Growth in aftersales, parts and services

Operational excellence via rightsizing exercise, process standardization, robotic process automation, lean six sigma, procurement controls, etc.

Expansion into adjacent businesses i.e. MES, Haynes, Pakka, asset mgmt. to counter commodity cyclicality and to increase recurring income profile

Reviewing of non performing brand and business units

Potential divestment

Revenue Enhancement

Cost Optimization

Organic Business Expansion

Divestment/ Restructuring of Non-Core Businesses

I

II

III

IV

Objectives


Levers

Leverage on commodity boom, digital is key enabler, enhance recurring income profile


725

898

793

1,106

1,396 1,331

1,039

552

341 253

434



Revenue (RM m) PBIT (RM m)

Invested Capital(1) (RM m) ROAIC(2) (%)

Note:(1) Invested capital is calculated as total assets (excluding tax assets and intercompany balances) less operating liabilities (i.e. all liabilities except borrowings, intercompany balances, leases and tax liabilities (2) ROAIC is calculated as PBIT divided by invested capital(3) Excludes impairments and provisions of RM257m related to Bucyrus(4) Excludes RM178m gain on property disposal

(3)

Acquisition of Bucyrusbusiness for c.RM1.2bn

7,629 8,210

8,645

10,637

13,575 14,429

12,073

10,962

9,946 10,127

13,041


3,255

4,251

3,601

5,156

7,908 7,903 7,788 7,670 7,828 8,089

7,701


(4)

24.3% 23.9%

20.2%

25.3%

21.4%

16.8%

13.2%

7.1%

4.3%3.2%

5.5%

FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018(3) (4)

Key Financial Highlights


228 188

30-Jun-1830-Jun-17

408

389

30-Jun-1830-Jun-17

150

104

52 48 37

2014 2015 2016 2017 2018


Core PBIT (RM m)Revenue (RM m)FY18 Sales Contribution &

YoY Orderbook

Mala

ysia

Products / Services

Excavators Dozers

CAT New Equipment & Engines

Lift trucks

Energy Solutions

Rental & Used Equipment

Allied Solutions

SEA

(excl.

Mala

ysia

)

Parts & Services



Parts & Services

Excavators Wheel loaders

Marine engines

Orderbook

PBIT Margin

FY18 Sales Contribution

Orderbook


Forest machine

20.7% 12.0% 11.2% 4.6% 3.6%

PBIT Margin

10.5% 8.5% 5.2% 4.4% 3.9%

(1)

Note:(1) Excludes gain on property disposal of RM9m

Malaysia, 9%

SEA (excl. M'sia)6%

1,423

1,230

993 1,099

1,184

2014 2015 2016 2017 2018

237

144

114

34 27

2014 2015 2016 2017 2018

1,146 1,205

1,020

737 747

2014 2015 2016 2017 2018

Revenue & PBIT by Region (1/2)


510

192

73 78

209

2014 2015 2016 2017 2018

Sime Darby IndustrialEast

Asia

Au

str

ali

a &

Pacif

ic I

sla

nd

s

Large mining trucks



Parts & Services



Parts & Services

Hydraulic mining shovels

Note:(1) Excludes impairments and provisions of RM257m related to Bucyrus(2) Excludes gain on property disposal of RM169m

PBIT Margin

Core PBIT (RM m)Revenue (RM m)FY18 Sales Contribution &

YoY OrderbookProducts / Services

Orderbook


Orderbook


Excavators Dozers

Marine enginesWheel loaders

Dozers

Underground mining loaders

5.4% 4.7% 3.9% 3.5% 4.1%

PBIT Margin

(1)

7.4% 3.1% 1.4% 1.4% 2.9%

(2)

Australia & New

Zealand55%

China / HK /

Macau30%

309 408

30-Jun-1830-Jun-17

2,610 2,401

2,605 2,691

3,944

2014 2015 2016 2017 2018

142

112 102

93

161

2014 2015 2016 2017 2018

1,802

430

30-Jun-1830-Jun-17

6,894

6,126

5,328 5,600

7,166

2014 2015 2016 2017 2018

Revenue & PBIT by Region (2/2)



Strong demand in Australia mining and China infrastructure spending

10,127

13,041

RevenueJun-17 Jun-18

In RM Million FY2017 FY2018

Australasia 5,600 7,166

China 2,691 3,944

Malaysia 1,120 1,184

Southeast Asia 715 747

Total Revenue 10,127 13,041

Australasia 78 209

China 93 161

Malaysia 48 37

South East Asia 34 27

Total Core PBIT 253 434

Disposal of Properties - 178

Bucyrus Impairment (257) -

Total PBIT (4) 612

PBIT margin - 4.7%

Core PBIT margin 2.5% 3.3%

ROIC - 8.0%

(4)

612

(10)

90

190

290

390

490

590

PBIT

+29%

+15,400%

A u s t r a l a s i a

• Improved contribution from equipmentdeliveries to both mining and constructionsectors

• Product support business segment (mainlyparts) attributed to higher sales from increasedmining activities

C h i n a

• Higher deliveries of new equipment andimproved contribution from product support ingrowing construction sector and initiatives ininfrastructure developments

M a l a y s i a

• Weaker results mainly from lower productsupport sales and low milestone billings fromongoing projects

S o u t h E a s t A s i a

• RM20m share of losses from associate (APAC Energy Rental) (FY2017: RM14m)

P r o p e r t y D i s p o s a l

• Gains from disposal of properties amounting to RM169m in Australia and RM9m in Malaysia


Logistics Division


Business Overview

Sime Darby Logistics is the primary operator of Weifang Port, of which operations cover dry bulk, break bulk, liquid bulk, general cargoand container handling services.

The Division also operates three river ports located in Jining, Shandong Province. The Jining Ports provide basic port related services suchas stevedoring and storage services primarily for coal and coal-related products

The two water treatment plants operated by the Division are located in the Binhai Economic-Technological Development Area (“BEDA”)adjacent to Weifang Port and supplies clean water to residential, commercial and industrial users in BEDA [pending disposal]

Location of Assets Annual Throughput & Capacity

1

2

3

FY2018

Throughput 40.0 mm m3

Capacity 51.1 mm m3

FY2018

Throughput 10.9 mm MT

Capacity 16.4 mm MT

Target Capacity (FY2020) 18.7 mm MT

FY2018

Throughput - bulk 21.7 mm MT

Throughput - container 240.5 k TEU

Capacity - bulk 20.0 mm MT

Capacity - container 463.2 k TEU

Target Capacity - bulk (FY2020)

40.6 mm MT

1 Weifang Port (Sea Port)

3 Weifang Water [pending disposal]

2 Jining Ports (River Port)

Targeted Total Capacity of ~100 million MT by 2020


Key Financial and Operational Highlights

Revenue (RM m) PBIT (RM m)

Invested Capital(1) (RM m) ROAIC(2) (%)

Lower Jining Port tariffs asa result of intensecompetition & tighterenvironmental controls byJining authority

Ports Water Ports Water

Notes: (1) Invested capital is calculated as total assets (excluding tax assets and intercompany balances) less operating liabilities (i.e. all liabilities except borrowings, intercompany balances, leases and

tax liabilities (2) ROAIC is calculated as PBIT divided by average invested capital

213 250 241 243

275

37

44 53 60

66

250

294 294 303

341

2014 2015 2016 2017 2018

64 65 75

41 44

6 12

28

23 30

70 77

103

64

74

2014 2015 2016 2017 2018

1,561

1,898

2,101

2,294 2,320

2014 2015 2016 2017 2018

4.7%4.4%

5.2%

2.9%3.2%

2014 2015 2016 2017 2018


Others


50%

50%

Assets in Malaysia

Assets in Indonesia

Subang Jaya Medical Centre

Ara DamansaraMedical Centre

ParkCityMedical Centre

MEDIPLEX Wellness Centre

RSDH College

RS Premier Jatinegara

RS Premier Bintaro

RS Premier Surabaya

China

Myanmar

Thailand

Vietnam

Indonesia

Malaysia

Singapore

Existing presence

Target markets

Philippines

Asia-focused Portfolio

Demographic Trends

Organic Growth

Availability of Opportunities

▪ Fast growing sector in Asian emergingmarkets due to population growth &increasing life expectancy

▪ Rising affluence in Asia

▪ Driving cost reduction and attainingoperational excellence will also driveprofit growth

▪ Strategic partnerships in Asia

HK Macau

Positive Prospects

Bed Capacity: 1,541Active Beds: 1,152

Ramsay Sime Darby Health Care Healthcare in Asia supported by favourable macro trends


Malaysia Vision Valley Land

Sime Darby Berhad holds c.8,800 acres of landin MVV area, acquired for RM2.5 bn in FY17

Signed 29 option agreements with SDProperty for the potential sale of 29 parcels

The options are valid for a 5-year period (plus3 years extension option)

The timing of exercise of the option by Propertywill be dependent on the MVV development planwhich is currently being developed

Transfer value will be based on market price atthe point of exercise

Tenure of development30-year project

Total development area379,000 acres

Coverage areaSeremban and Port Dickson in NegeriSembilan

The area is intended to focus on 4 key development drivers:

High-technology manufacturing

Tourism

Skill-based education and research

Specialised services

MVV development is expected to:

Attract investments of RM290bn by 2045

Create 1.38 million new job opportunities

MVV is a large scale project announced by the MalaysianPrime Minister during his 2016 Budget speech, and is acomponent of the Government's 11th Malaysia Plan and theNational Transformation Plan.

Highlights of MVV Option to sell ~8,800 acres

~8,800 acres of land – Option to sell to SD Property


Appendices


Sime Darby BerhadProposed Corporate Structure Post-Proposals

Sime Darby Motors Sdn Bhd

Sime Darby Industrial Holdings

Sdn Bhd

LogisticsMotors Industrial Healthcare & Others

Sime Darby Utilities Sdn Bhd

100% 100% 100%Ramsay Sime Darby

Health Care SdnBhd

Eastern & Oriental Berhad(1)

Kumpulan Sime Darby Bhd(2)

Insurance Broking business(4)

Sime Darby Global Services Centre Sdn

Bhd(3)

Sime Darby Malaysia Berhad(5)

50%

12%

100%

100%

60% or 100%

100%

Notes:(1) Principal activities – hotel ownership & management, property development and property investment(2) Existing owner of 8,793 acres of land located at Labu, Negeri Sembilan, which are earmarked for the Malaysia Vision Valley Project. Sime Darby

Property Bhd (“SD Property”) is granted call options to purchase these lands at any time during the option period (5 years with an option to extend for another 3 years)

(3) Principal activities – Provision of support services to group companies, including Sime Darby Plantation Bhd (“SD Plantation”) and SD Property. Entered into master services agreements with SD Plantation and SD Property to continue to provide shared services for a period of 3 years

(4) Principal activities – insurance and reinsurance brokers, insurance advisory and consultancy services. Malaysia – 60% owned Sime Darby Lockton, Singapore and Hong Kong – 100% owned

(5) Principal activities – holding of trademarks (SIME DARBY mark, logo and tagline). Entered into trademark and brand license agreement with SD Plantation and SD Property for the licence of the trademarks for a period of 4 years

(RM million)

30-Jun-18 Motors Industrial Logistics Others Group

External Debt 1,048 1,483 316 42 2,889

Cash 605 480 227 360 1,672

Revenue 20,341 13,041 341 105 33,828

PBIT 543 612 74 (155) 1,074


SDB Group

Historical Financials

Notes: (1) Invested capital is total assets (excluding tax assets and intercompany balances) less operating liabilities (i.e. all liabilities except borrowings, intercompany balances, leases and tax liabilities

(FYE June; RM million) Motors Industrial LogisticsHealthcare

Pro Forma& Others

Fixed Assets 3,291 2,735 1,715 23 7,764

Assocs, JVs & Investments 336 100 424 979 1,839

Inventories 3,762 3,447 1 - 7,210

Receivables 2,627 2,319 300 467 5,713

Tax Assets 249 161 34 215 659

Cash 605 480 227 360 1,672

Total Assets 10,870 9,242 2,701 2,044 24,857

Shareholders' Equity 4,462 3,179 708 6,021 14,370

Non Controlling Interests 18 266 103 2 389

Total Equity 4,480 3,445 811 6,023 14,759

Payables 2,924 3,182 347 381 6,834

IG balances 2,178 1,008 1,222 (4,408) -

Borrowings & Leases 1,048 1,483 316 42 2,889

Tax Liabilities 240 124 5 6 375

Total Liabilities 6,390 5,797 1,890 (3,979) 10,098

Total Equity & Liabilities 10,870 9,242 2,701 2,044 24,857

Invested Capital1 7,700 5,896 2,320 1,448 17,364

Debt/Equity (%) 23.4% 43.0% 39.0% 0.7% 19.6%

FY2018 Balance Sheet


Thank You

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