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

Tingyi (Cayman Islands) — Q1 2016 Earnings Presentation

18 slides from Tingyi (Cayman Islands)'s earnings presentation, May 26, 2016

1. Slide 1: Presentation on 2016 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 2016 Results

   Tingyi Holding Corp. 1Q 2016 Results 26 May 2016 ©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 mp l i e d i s ma d e a s

4. Slide 4: Contents

   Contents  1Q 2016 review  Financial highlights  Market shares  Distribution network  Production summary ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved. 3

5. Slide 5: 1Q 2016 – Sales & Profit

   1Q 2016 – Sales & Profit US$ million 1Q2016 1Q2015 Change% Turnover 2,100 2,321 -9.54 Gross Profit 660 735 -10.20 Gross Margin 31.43% 31.66 % -0.23ppt. EBITDA 282 330 -14.59 Profit 74 134 -45.02 Profit attributable to owners of the Company 58 107 -45.79 EPS (US cents) 1.04 1.91 -0.87cents ©2016 Ting

6. Slide 6: Turnover by Products

   Turnover by Products US$ million 1Q2016 1Q2015 Change% Instant Noodles 842 1,000 -15.82 Beverages 1,192 1,260 -5.41 Instant Food 36 38 -5.43 Others 30 23 29.82 Total 2,100 2,321 -9.54 1Q2015 1Q2016 Instant Instant Others Food Food Others 1% 2% 2% 1% Beverages Beverages Noodles Noodles 57% 54% 43% 40

7. Slide 7: Instant Noodle Sales by Products

   Instant Noodle Sales by Products US$ million 1Q2016 1Q2015 Change% Bowl 420 499 -15.98 High end Packet 239 379 -36.91 Mid end Packet 167 103 61.73 Snack Noodle & Others 16 19 -12.92 Total 842 1,000 -15.82 1Q2015 1Q2016 S n ack N oodle Mid end Snack Noodle & Others Mid end & O t hers Packet 2% Packet

8. Slide 8: Beverage Sales by Products

   Beverage Sales by Products US$ million 1Q2016 1Q2015 Change% Tea 559 569 -1.85 Water 141 145 -3.16 Juice 164 193 -14.89 Carbonated drinks and Others 328 353 -6.90 Total 1,192 1,260 -5.41 1Q2015 1Q2016 CSD & Others CSD & Others 27% 28% Tea Tea 45% 47% Juice Juice 14% 15% Water Water 12% 12% ©2016 Tin

9. Slide 9: Gross Margin by Products

   Gross Margin by Products 1Q 2015 40 % 33.29 34.89 35.08 1Q 2016 32.52 35 30.81 31.66 31.43 28.59 30 25 20 15 10 5 0 Instant Beverages Instant Overall Noodles Food Change (ppt.) -2.22 0.77 -0.19 -0.23 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved. 8

10. Slide 10: EBIT by Products

    EBIT by Products US$’ 000 1Q2016 1Q2015 Change% Instant Noodles 60,734 119,886 -49.34 Beverages 59,746 81,729 -26.90 Instant Food -3,243 -5,088 36.27 Others 8,591 4,267 101.32 EBIT 125,828 200,794 -37.33 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved. 9

11. Slide 11: Profit

    Profit US$’ 000 1Q2016 1Q2015 Change% Instant Noodles 48,661 94,188 -48.34 Beverages 27,842 46,525 -40.16 Instant Food -3,189 -5,045 36.79 Others 232 -1,891 112.27 Profit 73,546 133,777 -45.02 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserved. 10

12. Slide 12: Financial Position

    Financial Position As at 31/03/2016 As at 31/12/2015 *ROA (Annualized) 5.74% 5.51% *ROE(Annualized) 7.88% 8.63% Current Ratio 0.76 0.68 Gearing Ratio 0.23 0.49 A/R Turnover /Days 10.19 9.46 Finished Goods Turnover/Days 11.43 10.87 At 31/03/2016, Cash and cash equivalents was US$1.677 billion *ROA：EB

13. Slide 13: Material Price

    Material Price RMB/Ton 3,800 Flour Palm Oil 10,500 3,500 9,500 8,500 3,200 3,220 7,500 2,900 6,500 2,600 5,500 5,040 2,300 4,500 3,500 2,000 PET Resin Sugar 10000 14000 13000 8000 12000 11000 6000 5,690 10000 4000 9000 8000 2000 7000 6,370 6000 0 ©2016 Tingyi(Cayman islands)Holding Corp., All right

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 47.7 47.4 47.2 60.0 56.5 56.5 56.4 57.2 57.1 56.4 50.0 45.7 46.3 46.3 46.9 46.0 46.3 56.7 56.3 56.3 55.6 56.0 55.6 55.9 55.2 55.0 54.4 44.0 43.9 44.9 44.2 45.0 43.3 42.9 43.5 52.4 5

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 56.0 56.4 56.6 Tingyi Holding 54.5 53.9 53.6 54.2 53.9 52.2 Tingyi Holding 52.5 51.2 48.9 49.4 47.4 48.3 47.6 50.0 47.0 48.5 47.8 50.0 45.2 51.3 43.9 44.0 45.8 45.7 42.4 41.8 43.3 46.8 47.2 46.3 45.7 46.0 43.4 40.0 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 Tingyi Holding 60.0 Tingyi Holding 62.3 62.4 61.4 56.1 56.5 56.1 56.5 56.3 60.8 60.9 61.4 61.4 60.4 60.1 54.8 55.9 55.7 59.4 53.1 53.4 53.8 53.3 60.0 58.0 51.9 52.2 52.5 55.1 57.1 52 51.1 53.3 52.5 53.5

17. Slide 17: Bottled Water and Diluted Juice Drinks Market Share

    Bottle Water Market Share-by Volume Diluted Juice Drinks (below39% juice content) Market Share-by Volume % % 30.0 40.0 Tingyi Holding 25.9 Tingyi Holding 24.1 33.8 25.0 35.0 Company A 22.7 33.5 22.5 32.1 21.8 21.9 21.8 31.0 32.2 24.1 22.6 21.5 30.0 20.6 20.4 30.0 28.3 28.4 29.5 21.5 30.5 20.0 19.7 2

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

    A) Nation-Wide Distribution Network As at 31/03/2016 As at 31/12/2015 Sales Offices： 598 606 Warehouse： 71 73 Wholesaler： 29,985 30,095 Direct Retailer： 115,435 116,036 B) Production Lines Noodles 227 227 Beverage 468 468 Instant Food 16 16 ©2016 Tingyi(Cayman islands)Holding Corp., All right reserv

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