Jardine Cycle & Carriage Limited · SGX:C07

Jardine Cycle & Carriage — H1 2023 Earnings Presentation

19 slides from Jardine Cycle & Carriage's earnings presentation, Jul 31, 2023

1. Slide 1: Financial Statements and Related Announcement: Half Yearly Results

   REPL::FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::HALF YEARLY RESULTS Issuer & Securities Issuer/ Manager JARDINE CYCLE & CARRIAGE LIMITED Securities JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07 Stapled Security No Announcement Details Announcement Title Financial Statements and Related Anno

2. Slide 2: Related Announcements

   Related Announcements Related Announcements 28/07/2023 20:27:02

3. Slide 3: 2023 Half Year Results Presentation

   To grow faster than Southeast Asia. Sustainably Jardine Cycle & Carriage 2023 Half Year Results Presentation (31 July 2023) Disclaimer: Jardine Cycle & Carriage accepts no liability whatsoever with respect to the use of this document or its contents.

4. Slide 4: To grow faster than Southeast Asia

   To grow faster than Southeast Asia Astra THACO Direct Motor Interests Other Strategic Interests Headquarters JC&C Stake 50.1% 26.6% 100% 97.0% 60% 49.9% 34.4% 10.6% 25.5% • Diversified exposure to automotive, financial • Fast growing diversified • Established regional automotive • Strategic • #1 dai

5. Slide 5: Key highlights and updates

   Key highlights and updates  Record half year underlying profits of US$583 million  Parent company debt at US$883 million  Interim dividends maintained at US¢28  Evolving our core through new partnerships  Further embedding ESG in JC&C businesses 3

6. Slide 6: 1H2023 Financial Highlights

   MYANMAR VIETNAM THAILAND MALAYSIA 1H2023 Financial SINGAPORE Highlights INDONESIA

7. Slide 7: 1H2023 financial highlights

   1H2023 financial highlights Improved results from Astra and Direct Motor Interests • Underlying profit 12% higher at US$583m • Interim dividend per share of US¢28, unchanged from 2022 1H2023 1H2022 1H2023 1H2022 US$m US$m +/- US$m US$m +/- Astra 543.3 464.7 17% Revenue 11,686 10,681 9% THACO 14.7 52

8. Slide 8: 1H2023 financial highlights: Strong balance sheet

   1H2023 financial highlights Strong balance sheet 1H2023 Dec-22 US$m US$m +/- Shareholders' funds 7,726 7,140 8% Total equity 16,969 16,450 3% Net debt (2,554) (1,930) 32% Net cash (excl. FS) 776 893 -13% Gearing 15% 12% Gearing (excl. FS) nm nm US$ US$ Net asset value per share 19.55 18.07 8% 6

9. Slide 9: A prominent Indonesian market leader: Astra

   A prominent Indonesian market leader ASTRA

10. Slide 10: Astra

    Astra 17% higher contribution to JC&C Net Income (US$m) Total Net Income: US$1.2 billion 900 800 Contribution to JC&C: US$543 million 700 600 500 +11% 400 +33% 300 +32% 200 100 -55% +42% 0 Heavy Equipment, Mining, Automotive Financial Services Agribusiness Infrastructure & Logistics Construction, En

11. Slide 11: Vietnam's fast-growing business group with market leading positions: THACO

    Vietnam’s fast-growing business group with market leading positions THACO

12. Slide 12: THACO

    THACO 72% lower contribution to JC&C Contribution to JC&C’s Underlying Profit (US$m) 100 90 Total Contribution: 80 US$15 million 70 60 50 40 30 20 -78% 10 +13% >-100% +95% 0 -10 -20 -30 Automotive Real Estate Agriculture Others 1H2022 55.6 (0.1) (7.9) 4.7 1H2023 12.2 (2.4) (0.4) 5.3 10

13. Slide 13: An extensive dealership network across Southeast Asia

    An extensive dealership network across Southeast Asia DIRECT MOTOR INTERESTS

14. Slide 14: Direct Motor Interests

    Direct Motor Interests 22% higher contribution to JC&C Contribution to JC&C’s Underlying Profit (US$m) 40 Total Contribution: 35 US$35 million 30 25 20 +30% 15 +2% 10 +91% 5 nm 0 (5) (10) C&C Singapore C&C Bintang C&C Myanmar Tunas Ridean 1H2022 11.4 3.2 - 14.6 1H2023 11.6 6.1 (1.1) 19.0 12

15. Slide 15: Southeast Asian interests supporting the region's development

    Southeast Asian interests supporting the region’s development OTHER STRATEGIC INTERESTS

16. Slide 16: Other Strategic Interests

    Other Strategic Interests 15% lower contribution to JC&C Contribution to JC&C’s Underlying Profit (US$m) 50 Total Contribution: 45 US$29 million 40 35 30 25 20 15 +16% 10 -41% -3% 5 0 REE SCCC Vinamilk 1H2022 9.4 15.0 9.3 1H2023 10.9 8.9 9.0 14

17. Slide 17: Looking ahead

    : Looking ahead

18. Slide 18: Outlook statement

    Outlook statement "While economic uncertainties remain, the Group expects progress to continue into the second half of the year." Ben Keswick, Chairman 16

19. Slide 19: Thank you

    THANK YOU

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