Tingyi (Cayman Islands) Holding Corp. · HKEX:322

Tingyi (Cayman Islands) — Q1 2015 Earnings Presentation

18 slides from Tingyi (Cayman Islands)'s earnings presentation, May 26, 2015

1. Slide 1: Presentation on 2015 First Quarterly Results

   Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in re

2. Slide 2: Tingyi Holding Corp. 1Q 2015 Results

   0322 HK Tingyi Holding Corp. 1Q 2015 Results 26 May 2015 Shanghai © 2015 Tingyi (Cayman islands) Holding Corp., All rights reserved. 1

3. Slide 3: Disclaimer

   Disclaimer The infor matio n co ntained in this pr esentatio n is intend ed solely fo r yo ur p er so nal r efer ence. Such info r matio n is s u b j e c t t o c h a n g e wi t h o u t n o t i c e a n d n o r e p r e s e n t a t i o n o r wa r r a n t y e x p r e s s o r i m p l i e d i s m a d e a

4. Slide 4: Contents

   Contents  1Q 2015 review  Financial highlights  Market shares  Distribution network  Production summary © 2015 Tingyi (Cayman islands) Holding Corp., All rights reserved. 3

5. Slide 5: 1Q 2015 – Sales & Profit

   1Q 2015 – Sales & Profit US$ million 1Q 2015 1Q 2014 Change% Turnover 2,321 2,782 -16.56 Gross Profit 735 845 -13.04 Gross Margin 31.66 % 30.38% 1.28ppt. EBITDA 330 364 -9.46 Profit 134 173 -22.61 Profit attributable to owners of the Company 107 128 -16.63 EPS (US cents) 1.91 2.29 -0.38cents © 2015

6. Slide 6: Turnover by Products

   Turnover by Products US$ million 1Q 2015 1Q 2014 Change% Instant Noodles 1,000 1,150 - 13.02 Beverages 1,260 1,554 -18.92 Instant Food 38 53 -29.44 Others 23 25 -4.38 Total 2,321 2,782 -16.56 1Q 2014 1Q 2015 Instant Instant Food Others Food Others 2% 1% 2% 1% Beverages Beverages Noodles 56% Noodles

7. Slide 7: Instant Noodle Sales by Products

   Instant Noodle Sales by Products US$ million 1Q2015 1Q2014 Change% Bowl 499 568 - 12.11 High end Packet 379 425 - 10.94 Mid end Packet 103 127 - 18.33 Snack Noodle & Others 19 30 -37.83 Total 1,000 1,150 - 13.02 1Q2014 1Q2015 Snack Snack Noodle & Mid end Noodle & Mid end Others Packet Others Packet

8. Slide 8: Beverage Sales by Products

   Beverage Sales by Products US$ million 1Q 2015 1Q 2014 Change% Tea 569 723 -21.28 Water 145 207 -29.67 Juice 193 316 -38.93 Carbonated drinks and Others 353 308 14.22 Total 1,260 1,554 -18.92 1Q 2014 1Q 2015 CSD & Others CSD & Others 20% 28% Tea Tea 47% 45% Juice 20% Juice 15% Water Water 13% 12% ©

9. Slide 9: Gross Margin by Products

   Gross Margin by Products 1Q2014 40 36.52 35.08 % 32.52 1Q2015 35 32.08 31.66 30.81 30.38 30 28.03 25 20 15 10 5 0 Instant Beverages Instant Food Overall Noodles Change (ppt.) 2.78 0.44 -1.44 1.28 © 2015 Tingyi (Cayman islands) Holding Corp., All rights reserved. 8

10. Slide 10: EBIT by Products

    EBIT by Products US$’ 000 1Q 2015 1Q 2014 Change% Instant Noodles 119,886 121,652 -1.45 Beverages 81,729 125,849 -35.06 Instant Food -5,088 -4,073 -24.92 Others 4,267 -4,883 187.39 EBIT 200,794 238,545 -15.83 © 2015 Tingyi (Cayman islands) Holding Corp., All rights reserved. 9

11. Slide 11: Profit

    Profit US$’ 000 1Q 2015 1Q 2014 Change% Instant Noodles 94,188 103,062 -8.61 Beverages 46,525 83,532 -44.30 Instant Food -5,045 -3,780 -33.44 Others -1,891 -9,944 80.98 Profit 133,777 172,870 -22.61 © 2015 Tingyi (Cayman islands) Holding Corp., All rights reserved. 10

12. Slide 12: Financial Position

    Financial Position As at 31/3/2015 As at 31/12/2014 *ROA (Annualized) 8.46% 7.78% *ROE (Annualized) 13.86% 13.54% Current Ratio 0.73 0.64 Gearing Ratio 0.21 0.48 A/R Turnover /Days 9.39 8.89 Finished Goods Turnover/Days 11.26 11.73 At 31/03/2015,Cash and cash equivalents was US$1.941 billion *ROA：EB

13. Slide 13: Material Price

    Material Price RMB/Ton Flour Palm Oil 3,700 10,500 3,500 3,360 3,300 9,500 3,100 8,500 2,900 2,700 7,500 2,500 6,500 5,390 2,300 2,100 5,500 1,900 4,500 1,700 1,500 3,500 PET Resin Sugar 10,000 14,000 13,000 8,000 12,000 11,000 6,000 5,160 10,000 4,000 9,000 2,000 8,000 7,970 7,000 0 © 2015 Tingyi (

14. Slide 14: Instant Noodle Market Share by Volume and Value

    Instant Noodle Market Share-by Volume Instant Noodle Market Share-by Value 60.0 70.0 % Tingyi Holding % Tingyi Holding 47.747.447.2 60.0 57.1 57.1 57.1 56.2 56.7 56.3 56.5 56.3 56.5 55.6 56.0 56.4 57.2 57.1 56.4 55.6 55.9 50.0 45.746.3 46.3 46.9 44.944.2 43.142.342.7 43.342.944.043.9 41.2 50.0 40.0

15. Slide 15: RTD Tea Market Share by Volume and Value

    RTD Tea Market Share-by Volume RTD Tea Market Share-by Value 60.0 60.0 % % Tingyi Holding 54.2 56.0 53.9 Tingyi Holding 53.4 54.1 53.4 51.5 53.6 50.3 51.6 51.3 51.2 54.5 50.0 47.8 47.8 48.9 50.0 47.4 48.3 47.6 52.5 50.8 45.2 45.7 45.8 44.0 46.8 47.0 46.0 47.2 46.3 41.8 43.9 43.4 40.0 42.4 40.0 36.7

16. Slide 16: RTD Tea (no milk tea) Market Share by Volume and Value

    RTD Tea (no milk tea) Market Share-by Volume RTD Tea (no milk tea) Market Share-by Value 70.0 % 60.0 Tingyi Holding % 55.9 56.5 56.1 56.5 Tingyi Holding 55.6 55.9 55.2 60.9 61.4 62.3 53.4 56.1 53.1 51.9 52.2 56.1 59.4 60.8 51.1 54.8 60.0 56.7 57.1 56.8 53.8 61.4 55.1 50.0 52 57.3 53.5 58.0 52.5 57.1

17. Slide 17: Bottle Water Market Share by Volume

    Bottle Water Market Share-by Volume Diluted Juice Drinks (below39% juice content) Market Share-by Volume 30.0 % 40.0 % Tingyi Holding Player A 25.3 25.9 24.1 35.0 33.2 33.5 33.8 25.0 22.7 22.5 22.6 32.1 32.2 21.9 22.7 21.8 30.5 31.0 24.1 21.5 30.0 22.6 20.6 20.4 30.0 29.5 22.5 21.5 28.3 28.4 20.0 28

18. Slide 18: Nation-Wide Distribution Network and Production Lines

    a) Nation-Wide Distribution Network As at 31/03/2015 As at 31/12/2014 Sales Office： 607 582 Warehouse： 72 77 Wholesaler： 31,855 36,837 Direct Retailer： 118,342 118,359 b) Production Lines Noodles 238 238 Beverage 448 444 Instant food 15 15 © 2015 Tingyi (Cayman islands) Holding Corp., All rights res

Tingyi (Cayman Islands) Holding — Q1 2015 Earnings Presentation on 6ix