1 PPB GROUP BERHAD Final Results Year Ended 31 December 2006 Presented by Koh Mei Lee Senior Manager (Corporate Affairs)

2 Agenda 1.Group Financial Highlights  Financial Results for Year 2006  Segmental Information  Major Contributors to Group’s Profit  Cash & Borrowings 3. Dividend Record for Years Share Performance for Year Profit Before Tax for Years

3 Agenda 6. Expansion / Future plans 7. Proposed Disposals of PPBOP, PGEO and KOG  Introduction – Offers from Wilmar  Sale Consideration to PPB  Update  New Wilmar Group structure  Rationale & Benefits  Effects of Proposed Disposals on PPB 5. Capital Commitment as at 31 Dec 2006

4 Group Financial Highlights

5 Financial Results FY2006FY2005Change RM mil % Revenue11,52010,6888 Profit from operations Net profit from investing activities Share of associates/ JV Finance costs(33)(16)106 PBT Tax(146)(141)4 PAT Minority interest(134)(74)81 Net profit EPS (sen)

6 Segmental Information Sugar & cane 7% Grains trading, flour & feed milling 8% Edible oils refining & trading 72% Oil palm plantations 5% Waste management & utilities 1% Film exhibition 1% Property 0.4% Others 5.6% Revenue Total RM11.5 billion

7 ` Sugar & cane 14% Grains trading, flour & feed milling 18% Edible oils refining & trading 25% Oil palm plantations 34% Waste management & utilities 1% Film exhibition 3% Property 2% Others 3% Operating profits Total RM600 million Segmental Information

8 Major Contributors to Group Operating Profit Reason for higher/ lower profits Sugar & cane  Higher raw sugar prices. Grain trading, flour & feed milling  Higher sales. Edible oils refining & trading  Better refining margins. Oil palm plantations  Higher CPO prices.  Higher crop production.  Average CPO price realized :- Year 2006RM 1,465 per tonne Year 2005RM1,349 per tonne RM million RM6 m (7%) RM38m (23%) RM53m (93%) RM23m (18%)

9 Reason for higher/ lower profits Waste management & utilities  Divestment of loss making subsidiary, Marathon Equipment Asia Pte Ltd. Film exhibition  Stronger performance of blockbuster films.  Contribution from new cineplex. Property  Write-back of development cost in Others  Livestock (down RM23 million)  Chemicals trading & manufacturing (down RM12million)  Packaging (up RM5.4 million) RM million RM9m (150%) RM1m (6%) RM5m (26%) RM48m (74%) Major Contributors to Group Operating Profit

10 Cash and Borrowings RM Million

11 Profit Before Tax for Years

12 5-year Profit Before Tax RM Million Year

13 Dividend Record for Years

14 Dividend Record Dividend Per Share Net Dividend Net Dividend Payout ratio GrossNetPaid/payableYieldGroupCompany Year (sen) (RM Million)(%) Interim -Final * Final dividend for year 2006 is payable on Thursday, 7 June 2007.

15 Share Performance for Year 2006

16 Share Performance Y2006 RM4.08 RM Year 2006 Closing Price (high) - RM5.45 Closing Price (low) – RM3.86 Market Capitalization – RM6,460,974, Y2007 RM RM

17 Capital Commitment as at 31 December 2006

18 Capital Commitment as at 31 Dec 2006 RM 910 million Capital commitments RM 568m PPBOP FFMMSM PPB Leisure Others RM 13.5m RM166m RM 15m RM 144m RM 3.5m PPB Hartabina

19 Capital Commitment as at 31 Dec 2006 PPBOPFFMMSM TOTAL = RM568m PPE & Others - Malaysia RM 13m -Sabah51m -Sarawak14m -Indonesia115m Total193m Plantation development -Sabah50m -Sarawak9m -Indonesia316m Total375m TOTAL = RM144m Construction, upgrading & acquisition RM Flour mill & warehouse project at Kota Kinabalu 40m Processing plant at West Port 34m Prai Flour mill project Upgrading of refinery & expansion of tank farm 15m 20m Others35m Total144m TOTAL = RM15m Upgrading and replacement RM Refined sugar silo 6m Melting & packaging 5m Others4m Total15m

20 Capital Commitment as at 31 Dec 2006 PPB Hartabina PPB Leisure TOTAL = RM166m RM New multiplexes & cinema upgrading - Mid Valley - KL Pavilion - Star City - 1 Borneo 61m Upgrading expenditure Acquisition of GSC shares 1m 104m Total166m TOTAL = RM13.5m Construction costs RM New World Park project in Penang 13.1m Upgrading expenditure 0.4m Total13.5m

21 Expansion / Future Plans

22 Expansion / Future Plans Sugar Continue to enhance its packing, logistic and other operational efficiencies. Expand its export activities. Flour and animal feed milling Continue to expand its business locally and regionally as well as expanding downstream activities. Edible oils refining To explore new opportunities in oleochemical and biodiesel industries. To identify other downstream products.

23 Oil palm plantations Continue the development of its land bank in Indonesia. Further improve on its mill extraction rates. Waste management & utilities Continue to engage in the water and waste projects set out in the 9 th Malaysian Plan. Continue to explore new markets both locally and overseas. Leverage on its strategic partnerships in China for growth. Expansion / Future Plans

24 Film exhibition To expand cinema business in Klang Valley and East Malaysia. Continue to explore new multiplex sites. Property Development projects at :  Taman Aman – comprising 84 units of bungalow, semi-detached and shop houses.  New World Park, Penang – Phase II comprising of F&B outlets  Bedong – Housing Project at Taman Sinar Mentari.  Whiteaways Arcade at Beach Street & Church Street, Penang – Restoration of prewar buildings for retail and commercial activities. Expansion / Future Plans

25 Proposed Disposals of PPB Oil Palms Berhad, PGEO Group Sdn Bhd, and Kuok Oils & Grains Pte Ltd

26  On 14 December 2006, PPB announced that FFM had received a letter of offer from Wilmar stating their intention to acquire the following from FFM: -  In addition, PPBOP, had on even date, received a Notice of Conditional Voluntary Offer from CIMB Investment Bank Berhad, on behalf of Wilmar, to acquire all the ordinary shares of RM1.00 each in PPBOP to be satisfied by the issuance of 2.3 Wilmar Shares for each PPBOP Share. Introduction – Offers from Wilmar a)65.8% equity interest in PGEO for a purchase consideration to be satisfied by the issuance of 287,122,772 Wilmar shares b)28% equity interest in KOG for a purchase consideration to be satisfied by the issuance of 305,635,556 Wilmar shares

27 * Based on the last traded price of Wilmar Shares on 27 February 2007 of SGD2.61 ^ Assuming exchange rate of SGD1.00 = RM2.29 # Representing RM13.75 per PPBOP Share Equity interest to be disposed No. of Wilmar Shares to be received Sale consideration SGD*RM*^ PPBOP55.6%569,489,4271,486,367,4043,403,781,355# PGEO65.8%287,122,772749,390,4351,716,104,096 KOG28.0%305,635,556797,708,8011,826,753,154 TOTAL 1,162,247,7553,033,466,6406,946,638,605 Sale Consideration to PPB

28  The SC (FIC) had on 17 January 2007, advised that it has no objection to Wilmar’s proposed VGO of PPBOP. Equity conditions may be imposed on PPBOP following verification of acceptance.  The PPB Board appointed AmInvestment Bank Berhad as its Adviser to the Proposed Disposals.  The PPB Board had considered the terms and conditions of the Proposed Disposals, and after considering the advise from AmInvestment Bank, had on 24 January 2007 approved the Proposed Disposals and agreed to present it to the Shareholders of PPB at an EGM for their consideration and approval.  An EGM is tentatively scheduled to be held in early April 2007 for the above purpose.  Approvals of other relevant authorities for the Proposed Disposals are still awaited. Updates

29 PPB will hold approximately 18.2% of the enlarged share capital of the Wilmar Group upon completion of the Proposed Disposals (assuming full acceptances of the VGO by all shareholders of PPBOP). Enlarged Wilmar Group Structure PPB KOG Vendors WHPL ADM Minorities KOG PGEOPPBOP IPT Assets Existing Business WILMAR 19.6% 18.2% 12.8% 48.5%6.7% 13.8% 100% 65.8% 100% 34.2%

30  PPB is expecting to realize a significant amount of gain in its balance sheets from the Proposed Disposals. As at 27 February 2007RM Sale consideration 6,946,638, Market capitalization of PPB (RM6.00 x 1,185,499,882 shares) 7,112,999,  To unlock the value of PPB’s investments in PPBOP, KOG and PGEO, and venture into an investment with higher expected returns and greater potential for capital appreciation: - Rationale & Benefits of the Proposed Disposals

31 A.Leading merchandiser and processor of palm and lauric oils in the world  Leading palm and lauric oils refiner in the world with plantations in Malaysia and Indonesia  Leading merchandiser of palm and lauric oils in most major markets in the world (China, India, Africa, Eastern Europe and Middle East)  One of significant palm biodiesel manufacturers (expected to commence in 2007)  Significant increase in production capacities as follows: -  Entry into one of Asia’s largest integrated agribusiness group carrying the entire value chain of the palm oil business: - Rationale & Benefits of the Proposed Disposals

32 Rationale & Benefits of the Proposed Disposals (Source: Wilmar’s press conference presentation on ) ActivitiesWilmarPGEOCombined Group As at 30 Sep 2006 No. of plants Capacity (MT p.a.) No. of plants Capacity (MT p.a.) No. of plants Capacity (MT p.a.) Refinery – palm & laurics 185,339,400154,719, ,058,400 Palm kernel & Copra rushing 151,564,200141,237,500292,801,700 Specialty fats3166, , ,800 Biodiesel (All plants under construction) 31,050, ,00041,150,000 Significant increase in production capacities (Indonesia and Malaysia)

33 Rationale & Benefits of the Proposed Disposals B.Sizeable plantation owner in Indonesia and Malaysia  2nd largest land bank in Malaysia after the proposed Synergy Drive  One of the largest oil palm plantation companies in the world in terms of land bank Plantation statistics As at 30 September 2006 WilmarPPBOPCombined Group Landbank (ha)210,000363,405573,405 Total planted area (ha)* 64,67296,114160,786 Mature area harvested (ha)* 54,84467,475122,319 FFB production (tonne)742,6321,081,3091,823,941 Palm oil milling capacity (MTp.a.) 6,690,0002,275,0008,965,000 Mill production Crude palm oil (tonne)606,562300,063906,625 Palm kernel (tonne)143,19661,360204,556 (Source: Wilmar’s press conference presentation on )

34 Rationale & Benefits of the Proposed Disposals C.Dominant presence as merchandiser and processor of edible oils and oilseeds in China KOG  Leading merchandiser of consumer pack edible oils  One of the largest manufacturers of oleo-chemicals  Manufacturing facilities in flour and feed milling, specialty fats, oil seeds crushing and refining WHPL & ADM  Largest oilseed crusher and edible oils refiner  Leading merchandiser of consumer pack edible oils  One of the largest manufacturers of oleo-chemicals  Manufacturing facilities in flour and rice milling and specialty fats  Fully integrated group from processing of oilseeds to merchandising of finished agricultural products  Largest oilseed crusher, edible oils refiner, specialty fats and oleo- chemical manufacturer and merchandiser of consumer pack edible oils (Source: Wilmar’s press conference presentation on )

35 Rationale & Benefits of the Proposed Disposals  Growth opportunities and presence in processing and merchandising of agriculture products in China A.Significant increase in the production capacities in China in respect of edible oils, oilseeds and grains as follows: - ActivitiesWHPLKOGCombined Group As at 30 Sep 2006No. of plants Capacity (MT p.a.) No. of plants Capacity (MT p.a.) No. of plants Capacity (MT p.a.) Soya bean and oilseeds crushing 117,309, ,000148,111,500 Refinery172,557,500112,399,000284,956,500 Consumer oil packaging 111,106,490102,983,200214,089,690 Oleo-chemical1120, , ,000 Specialty fats166, , ,000 (Source: Wilmar’s press conference presentation on )

36 Rationale & Benefits of the Proposed Disposals  Unified brand identity  Unified procurement and logistics activities  Lower procurement costs for main cost items, e.g.. Fertilizers  Better logistics management/transport efficiencies  Human resource optimization  Sharing of distribution network  Expansion of customer base  Common sales and marketing force  Extensive consumer pack edible oils distribution network  Additional international outlet for its products  May utilize milling and refining capacity of Wilmar for its FFB production  Opportunity to combine palm oil assets and benefit from the synergies arising from the merger

37 Effects of Proposed Disposals on PPB Will be disclosed in the circular to shareholders, to be issued at a later date.

38 THE END