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

Tingyi (Cayman Islands) — FY2015 Earnings Presentation

18 slides from Tingyi (Cayman Islands)'s earnings presentation, Mar 22, 2016

1. Slide 1: Presentation on 2015 Annual 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. 2015 Annual Results

   Tingyi Holding Corp. 2015 Annual Results 22 March 2016 Hong Kong ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved.

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  2015 review  Financial highlights  Market shares  Distribution network  Production summary 3 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved.

5. Slide 5: 2015 – Sales & Profit

   2015 – Sales & Profit US$ million 2015 2014 Change% Turnover 9,103 10,238 -11.09 Gross Profit 2,900 3,118 -6.99 Gross Margin 31.86% 30.46% 1.40ppt. EBITDA 1,039 1,149 -9.64% Profit 281 485 -41.93 Profit attributable to owners of the Company 256 400 -35.99 EPS (US cents) 4.57 7.15 -2.58 US cents Divi

6. Slide 6: Turnover by Products

   Turnover by Products US$ million 2015 2014 Change% Instant Noodles 3,613 4,138 -12.69 Beverages 5,244 5,801 -9.60 Instant Food 137 179 -23.43 Others 109 120 -9.57 Total 9,103 10,238 -11.09 2014 2015 Instant Instant Food Others Food Others 2% 1% 1% 1% Noodles Beverages Beverages 40% 57% Noodles 58% 4

7. Slide 7: Instant Noodle Sales by Products

   Instant Noodle Sales by Products US$ million 2015 2014 Change% Bowl 1,707 1,960 -12.93 High end Packet 1,391 1,601 -13.10 Mid end Packet 434 470 -7.61 Snack Noodle & Others 81 107 -24.38 Total 3,613 4,138 -12.69 Snack Noodle & 2014 Mid end Others 2015 Mid end S n ack N oodle Packet 3% Packet & O t h

8. Slide 8: Beverage Sales by Products

   Beverage Sales by Products US$ million 2015 2014 Change% Tea 2,189 2,330 -6.06 Water 963 1,134 -15.06 Juice 772 964 -19.83 Carbonated drinks and Others 1,320 1,373 -3.89 Total 5,244 5,801 -9.60 2014 2015 CSD & Others 25% CSD & Others 24% Tea Tea 40% 42% Juice 15% Juice 17% Water Water 18% 19% 7 ©201

9. Slide 9: Gross Margin by Products

   Gross Margin by Products % 2014 40 33.18 36.18 33.83 2015 35 31.92 31.86 30.12 30.46 28.33 30 25 20 15 10 5 0 Instant Beverages Instant Overall Noodles Food Change (ppt.) 1.79 1.26 -2.35 1.40 8 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved.

10. Slide 10: EBIT by Products

    EBIT by Products US$’ 000 2015 2014 Change% Instant Noodles 341,973 424,641 -19.47 Beverages 147,407 258,382 -42.95 Instant Food -21,423 -18,585 -15.27 Others 19,736 21,415 -7.84 EBIT 487,693 685,853 -28.89 9 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved.

11. Slide 11: Profit

    Profit US$’ 000 2015 2014 Change% Instant Noodles 273,922 360,388 -23.99 Beverages 40,855 153,952 -73.46 Instant Food -21,368 -17,449 -22.46 Others -11,925 -12,142 1.79 Profit 281,484 484,749 -41.93 10 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved.

12. Slide 12: Financial Position

    Financial Position As at 31/12/2015 As at 31/12/2014 *ROA 5.51% 7.78% (Annualized) *ROE 8.63% 13.54% (Annualized) Current Ratio 0.68 0.64 Gearing Ratio 0.49 0.48 A/R Turnover /Days 9.46 8.89 Finished Goods Turnover/Days 10.87 11.73 At 31/12/2015, Cash and cash equivalents was US$1.024 billion *ROA：E

13. Slide 13: Material Price

    Material Price RMB/Ton 3,800 Flour Palm Oil 10,500 3,500 3,330 9,500 8,500 3,200 7,500 2,900 6,500 2,600 4,680 5,500 2,300 4,500 3,500 2,000 PET Resin Sugar 10,000 14,000 13,000 8,000 12,000 11,000 6,000 5,570 10,000 4,000 9,000 8,000 2,000 7,000 6,840 6,000 0 12 ©2016 Tingyi(Cayman islands)Holding

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

    Instant Noodle Market Share-by Volume Instant Noodle Market Share-by Value % 70.0 % 60.0 Tingyi Holding Tingyi Holding 60.0 56.2 56.7 56.3 56.5 56.3 56.5 57.2 57.1 56.4 55.6 56.0 56.4 55.6 55.9 55.2 55.0 47.7 47.4 47.2 54.4 50.0 46.3 46.3 46.9 46.0 46.3 44.9 44.2 45.7 45.0 43.3 42.9 44.0 43.9 41.2 5

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

    RTD Tea Market Share-by Volume RTD Tea Market Share-by Value % % Tingyi Holding 60.0 60.0 54.5 53.956.4 53.9 Tingyi Holding 52.5 56.0 56.6 48.3 54.2 48.9 49.4 53.6 47.8 47.8 48.5 50.0 47.2 47.4 50.0 51.5 46.3 51.2 51.3 46.8 45.2 45.8 47.6 44.0 45.7 47.0 46.0 45.7 43.9 40.0 40.0 42.4 43.4 41.8 Compan

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 Tingyi Holding Tingyi Holding 60.0 62.3 61.4 55.2 54.8 55.9 56.1 56.3 55.7 61.4 61.4 60.4 53.8 53.1 53.4 53.3 60.0 56.8 57.1 58.0 62.4 52 51.1 51.9 56.1 56.5 56.5 55.1 60.8 60.9 53.3 52.5 53.5 59.4 50.0

17. Slide 17: Diluted Juice Drinks and Bottled 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 24.1 25.0 22.7 22.5 25.9 22.6 35.0 33.8 Tingyi Holding 33.6 Company A 21.8 21.9 31.0 20.6 21.5 21.2 Company A 28.9 22.7 20.2 20.0 22.6 20.0 30.0 30.5 28.3 28.4 18.0 2

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

    A) Nation-Wide Distribution Network As at 31/12/2015 As at 31/12/2014 Sales Offices： 606 582 Warehouse： 73 77 Wholesaler： 30,095 36,837 Direct Retailer： 116,036 118,359 B) Production Lines Noodles 227 238 Beverage 468 444 Instant Food 16 15 17 ©2016 Tingyi(Cayman islands)Holding Corp., All right res

Tingyi (Cayman Islands) Holding — FY2015 Earnings Presentation on 6ix