MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021

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MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
MMC CORPORATION BERHAD

           1Q FY2021
 ANALYST BRIEFING PRESENTATION

         27th MAY 2021
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
TABLE OF CONTENTS

        Group Financial Performance Overview
        Ports & Logistics
        Energy & Utilities
        Engineering
        Corporate & Others
        Group Outlook
        Industrial Development’s Business Updates

M M C    C O R P O R A T I O N   B E R H A D        P A G E   2
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
GROUP FINANCIAL
PERFORMANCE OVERVIEW
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
QUARTERLY GROUP FINANCIAL PERFORMANCE

              Revenue                                     PBT                                           PATMI
              (RM million)                             (RM million)                                    (RM million)
               5% YoY                                    93% YoY                                       115% YoY

                                                                221.0
                                                     114.8                                                     124.7
         1,086.8       1,143.7                                                                  57.9

                                                 Q1FY2020       Q1FY2021

        Revenue
        • 5% YoY increase was due to:-
          ➢ Higher volume handled at Pelabuhan Tanjung Pelepas Sdn Bhd (“PTP”) and Northport Malaysia Berhad
            (“NMB”) and contribution from Graphite project and Langat Sewerage project by Engineering division.
          ➢ Offset by lower work progress from KVMRT-SSP Line, lower passenger and cargo volumes at Senai Airport,
            and lower volume handled at Penang Port Sdn Bhd (“PPSB”).

        PBT
        • 93% YoY increase was due to:-
          ➢ Higher volume handled at PTP and NMB, and strict cost management at all our ports
          ➢ Higher contribution from Langat Sewerage project
          ➢ Gain on sublease of land at PTP.
          ➢ Lower finance cost.
          ➢ However, offset by lower contribution from KVMRT-SSP Line, Senai Airport and PPSB.

M M C   C O R P O R A T I O N    B E R H A D                                                                           P A G E   4
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
Q1FY2021 KEY FINANCIAL HIGHLIGHTS

                            Ports & Logistics          Engineering           Energy & Utilities               Others

                                      REVENUE                 REVENUE                   REVENUE                    REVENUE
  5% YoY                                  12.86%                  13.33%
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
BALANCE SHEET AS AT 31 MARCH 2021

               Total Assets                   Total Equity          Total Liabilities
               RM25.79 B                      RM10.49 B             RM15.30 B
               FY2020: RM26.10 B              FY2020: RM10.30 B     FY2020: RM15.80 B

               Deposits, Bank &
                                              Total Borrowings      Current Ratio
               Cash Balances and
               Other Investments              RM9.65 B              1.07x
                                              FY2020: RM9.77 B      FY2020: 1.09x
               RM2.63 B
               FY2020: RM2.80 B

              Net Assets Per Share            Gross Gearing Ratio   Net Gearing Ratio
              RM3.18                          0.92x                 0.89x
              FY2020: RM3.12                  FY2020: 0.95x         FY2020: 0.90x

M M C   C O R P O R A T I O N   B E R H A D                                         P A G E   6
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
PORTS & LOGISTICS
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
PORTS & LOGISTICS : FINANCIAL PERFORMANCE

                  FY2020 vs Q1FY2021                                      Q1FY21 QUARTERLY

          Revenue                              PBT         Revenue                            PBT
          (RM million)                     (RM million)    (RM million)                    (RM million)

                                               38.9%            13% YoY                      93% YoY
                27.8%
                                                                < 1% QoQ                     -6% QoQ

        3,248

                                                                  901      904

                                                          801

                                     610
                    904

                                                 237                                           251        237
                                                                                     123

M M C    C O R P O R A T I O N   B E R H A D                                                         P A G E    8
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
PORTS & LOGISTICS : FINANCIAL PERFORMANCE
                                                                                       Operational Statistics
 Revenue (RM million)              PBT (RM million)          PATMI (RM million)        Port of Tanjung Pelepas
                                                                                       Throughput                   1Q 2021   Growth (YoY)
          13% YoY                            93% YoY                   >100% YoY       Container (in mil. TEUs)      2.78                16%
                                                                                       Johor Port Berhad
                                                                                       Throughput (in mil. FWT)     1Q 2021   Growth (YoY)
   801            904              123              237           67           145
                                                                                       Liquid bulk                    3.46               12%
                                                                                       Dry bulk                       0.92               -9%
                     5
                                                                                       Break bulk                     0.18                6%
                    93                                                                 Total Conventional             4.56                7%
    6                                                                                  Container (in mil. TEUs)       0.25               -1%
    107                                                                                Northport (M) Bhd
                  228                                                                  Throughput (in mil. FWT)     1Q 2021   Growth (YoY)
                                                                                       Liquid bulk                    0.65               17%
                                                     1
    173                                              4                                 Dry bulk                       0.64                5%
                                               3                                       Break bulk                     0.72               12%

                  153                               44                                 RORO                           0.20               -10%
                                                                                       Total Conventional             2.21                9%
    153                                                                        1       Container (in mil. TEUs)
                                                    37                                                                0.81               26%
                                                                          3    2       Penang Port Sdn Bhd
                                        1                                      33      Throughput (in mil. FWT)     1Q 2021   Growth (YoY)
                                       14
                                         4                                             Liquid                         0.42               -13%
                                                                               26      Dry bulk                       0.51               -17%
                  425                   40
    362                                             148           10                   Break bulk                     0.27               -9%
                                                                   1                   Total Conventional             1.20               -14%
                                                                  26           80      Container (in mil. TEUs)       0.34               -7%
                                       66
                                                                  32                   Tanjung Bruas Port
                                                                                       Throughput                   1Q 2021   Growth (YoY)
                                 (2)                        (2)
                                                                                       Conventional (in mil. FWT)     0.21               -20%
  Q1FY20        Q1FY21            Q1FY20           Q1FY21    Q1FY20           Q1FY21   Container (in ‘000 TEUs)       4.09            >100%

                                                                                       Red Sea Gateway Terminal
   PTP           JPB              NCB              RSGT     PPSB              TBP      Throughput                   1Q 2021   Growth (YoY)
                                                                                       Container (in mil. TEUs)      0.76                66%

M M C    C O R P O R A T I O N     B E R H A D                                                                                 P A G E    9
MMC CORPORATION BERHAD - 1Q FY2021 ANALYST BRIEFING PRESENTATION 27th MAY 2021
ENERGY & UTILITIES
ENERGY & UTILITIES : FINANCIAL PERFORMANCE

              Revenue                               PATMI                               Revenue                                PATMI
              (RM million)                     (RM million)                             (RM million)                         (RM million)
             -24% YoY                                -33% YoY                           -28% YoY                              17% YoY

         1,774
                                                                                     1,606
                     1,351
                                                                                               1,153
                                              89
                                                          60                                                                            56
                                                                                                                         48

        Q1FY20      Q1FY21               Q1FY20        Q1FY21                        Q1FY20    Q1FY21                 Q1FY20       Q1FY21

                                    Revenue                 PATMI                                         Revenue                    PATMI
Malakoff                                                                 Gas Malaysia
                                   (RM million)           (RM million)                                   (RM million)              (RM million)

YTD 31 March                  2020           2021       2020      2021   YTD 31 March                  2020          2021        2020        2021

MCB level                     1,774          1,351       89         60   GMB level                     1,606         1,153        48          56

MMC Portion (37.6%)                    N/A               27^       17^   MMC Portion (30.9%)                   N/A                14          17

^ After deducting PERPS interest

M M C    C O R P O R A T I O N        B E R H A D                                                                                       P A G E   1 1
ENERGY & UTILITIES : FINANCIAL PERFORMANCE

                                                              Q1FY21     YoY Growth
    Operational / Financials

                                  Revenue (RM mil)              6.2
ENGINEERING
ENGINEERING : FINANCIAL PERFORMANCE

                      FY2020 vs Q1FY21                                   Q1FY21 QUARTERLY

          Revenue                            PBT              Revenue                     PBT
          (RM million)                 (RM million)           (RM million)           (RM million)

                20%                          16%                -13% YoY                 -18% YoY

                                                                -35% QoQ                 -66% QoQ

        1,146

                                                                 350
                  229                  319              264                  229
                                                                                            146
                                                   50                               61                 50

M M C    C O R P O R A T I O N   B E R H A D                                                      P A G E   1 4
ENGINEERING : ORDER BOOK
Outstanding Order book of RM2.26 Billion as at 31 March 2021

                                                                                                                                                     Calendar Year

                                                             Total                          MMC’s                                            2021                 2022                2023
                                                           Contract        MMC’s          Outstanding          JV          Overall
    #                    Project                            Value          Portion        Order Book         Partner      Progress
                                                           (RM mil)                        (RM mil)
                                                                                                                                       Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

           MRT Line 2 : Sg. Buloh -
           Serdang - Putrajaya (38.7km) -
   1                                                       17,420            50%               946         Gamuda          88.7%
           Overall (Elevated, Underground
           & System)

           MRT Line 2 : Sg. Buloh -
   2       Serdang – Putrajaya (13.5 km)                   13,110            50%               895         Gamuda          85.9%
           - Underground Works

           Langat Sewerage Project
   3                                                        1,505           100%               107               -         93.8%
           (MMC PLSB)

   4       Sungai Pulai Bridge                               565             60%               147           CHEC            56.3

   5       PGU-I Gas Pipeline                                131            100%                80               -           35%

           Langat 2 Water Treatment
   6                                                         994             50%                23           Salcon         100%
           Plant*

   7       Other projects                                    151            100%                59               -             -

           TOTAL                                          33,876                             2,257

                                                                                                                               We are here
 6) Completed on August 2020, currently pending for EOT,CPC and final claims.
 7) Other projects: Rehabilitation works of Container Terminal Yard and ancillary works at Johor Port Berhad, Development of New Container Yard for the purpose of laden & empty containers at JPB, Design & Build
 contractor for the proposed arrival hall expansion and construction of new passenger holding lounge for Senai International Airport and Proposed Development of 3 Single-Storey Warehouse at NDSB 2 Logistics Hub for
 Northport (M) Berhad, Design and Build for the Proposed 50 meter extension jetty and associated works at Tanjung Bruas Port, Redevelopment Project of Swettenham Pier Cruise Terminal.

M M C       C O R P O R A T I O N                    B E R H A D                                                                                                                                     P A G E       1 5
ENGINEERING : COMPLETED PROJECTS
   Undeterred Commitment in Delivering Value to Client

          Completed Project

                                                 13 August 2020
                                          Langat 2 Water Treatment Plant

M M C   C O R P O R A T I O N   B E R H A D                                P A G E   1 6
ENGINEERING : COMPLETED PROJECT (cont’d)
   Undeterred Commitment in Delivering Value to Client

           Completed Project

                                                 28 October 2020
                                       North Butterworth Container Terminal

M M C   C O R P O R A T I O N   B E R H A D                                   P A G E   1 7
ENGINEERING : ON-TRACK PROJECT

             Ongoing Project

                                              Target Completion by 2021
                                               Langat Sewerage Project

M M C   C O R P O R A T I O N   B E R H A D                               P A G E   1 8
ENGINEERING
 Ongoing Projects

  Package Phase 1(A) I - Design And Build For The                                Proposed Bridge Crossing Sungai Pulai And Link
  Proposed 50 Meter Extension Jetty And Associated                               Road from Pelabuhan Tanjung Pelepas To Tanjung
  Works At Tanjung Bruas Port, Melaka                                            Bin, Mukim Air Masin And Sungai Karang,

  Progress : 36.51%                                                              Progress : 59.07%

  Sequence 1 - Installation of rebar   Piling work for raker pile in progress.     Bridge 3 Pier 25 crosshead is in   Bridge 3 overall river side (Pier
  for pile plug.                                                                   progress.                          14 until Pier 27).

   The Proposed Arrival Hall Expansion and                                        Engineering, Procurement, Construction and
   Construction of New Passenger Holding Lounge                                   Commissioning (EPCC) Of PGU-1 Gas Pipeline
   for Senai International Airport (SATEXP)                                       Replacement Project (GRAPHITE)
   Progress : 53.88%                                                              Progress : 39.63%

                                                                                        Jacking Pit Construction                 Pipe Welding
        1st Layer External Plaster          Final Layer External Plaster

M M C      C O R P O R A T I O N       B E R H A D                                                                                           P A G E      1 9
CORPORATE & OTHERS
CORPORATE & OTHERS : FINANCIAL PERFORMANCE

                 FY2020 vs Q1FY21                                                    Q1FY21 QUARTERLY

           Revenue                            LBT                     Revenue                              LBT
           (RM million)                 (RM million)                  (RM million)                      (RM million)
              7%                           23%
                                                                       -69.0% YoY                           9.9% YoY
         74
                                                                       -86.1% QoQ                          33.8% QoQ

                                                                           36
                     5                                           16
                                                                                      5

                                                                                                 -111              -100
                                                    -100                                                  -151

                                      -437

    Lower Revenue and lower LBT due to:
    • Lower passengers and cargo volume handled at Senai Airport due to the COVID-19 pandemic.
    • Offset by lower operating cost and lower finance costs.

M M C   C O R P O R A T I O N   B E R H A D                                                                      P A G E   2 1
CORPORATE & OTHERS : FINANCIAL PERFORMANCE & KEY FOCUS
 Operational / Financial

                                                         Q1FY21       YoY Growth
                                                                                               ▪ Continuous cost optimization initiatives via
                           Revenue (RM mil)                 4.8           69.3%                  reduced number of work shift and manpower.

                                                                                   Key Focus
                           LBT (RM mil)                    -12.3         >100%                 ▪ Aggressive engagement with new and
                                                                                                 existing airlines on the resumptions of local
                           Total Passenger volume                                                and international flight operations.
                                                           45.4           94.0%
                           (‘000)
                                                                                               ▪ Promoting Senai Airport Aviation Park on
                           Cargo volume                                                          targeted    Maintenance,   Repair    and
                                                            2.5           14.6%                  Operations players.
                           (tonnage ‘000)

                                                   Normal Situation                                   Current

                                                      Gate 4 & 5                                     Gate 4 & 5

                                               Public Concourse                                  Public Concourse

M M C                      C O R P O R A T I O N     B E R H A D                                                                       P A G E   2 2
CORPORATE & OTHERS : INDUSTRIAL DEVELOPMENT
 Well Positioned & Equipped to Capitalise on the Supply Chain Shifts to SEA Region

                                                                                                               Signed
                                                                                                                SPAs
                                  FIZ                                             Phase 2                                   32.43
                                                                                                                            Acres

         I-PARK                                                                 EcoWorld

                                                                                                                           ~162

                                                                                                               Pipeline
                                                                                                                           Acres

                                                                                                                Sales
                                                                                                                          7.2 acres
                                                                                                                          with LOO

   I-PARK @SENAI AIRPORT CITY             FREE INDUSTRIAL ZONES                         ECO BUSINESS PARK II
    Official Launching in March 2018    Ready with infrastructure & utilities           Official Launching in 2014

M M C   C O R P O R A T I O N     B E R H A D                                                                                  P A G E   2 3
GROUP OUTLOOK
GROUP OUTLOOK : ALL IN ALL, POSITIVE OUTLOOK FOR THE GROUP

                    ▪ Strong momentum going forward
                                                             Aggressive push towards renewable
                    ▪ Leveraging on congestion at
                                                             energy segment where Malakoff’s
                      neighboring ports
                                                             footprint continues to grow, notably for
                    ▪ To potentially exceed 10 mil TEUs in
                                                             solar based projects within the Group
                      2021

                   ▪ Maintaining strong momentum             ▪ Stable volume demand amidst
                   ▪ Development of Boustead Cruise            economic recovery
                     Centre business                         ▪ New business ventures in
                   ▪ Growing warehousing business              Combined Heat and Power (CHP)
                                                               as well as Virtual Pipeline

                   ▪ Import/ export market recovery
                   ▪ Commodities trade to recover            Diversification into new geographical
                                                             areas as well as Waste to Energy

                   ▪ Southern Thailand market recovery
                   ▪ Growing transshipment business

M M C   C O R P O R A T I O N   B E R H A D                                                P A G E   2 5
GROUP OUTLOOK : ALL IN ALL, POSITIVE OUTLOOK FOR THE GROUP

        ▪ Competitive pursuit of internal Group projects as    ▪ Strong interest for SAC land especially for
          well as the external projects                          regional distribution hubs
        ▪ Targeted order book replenishment for the next       ▪ Growing sales pipeline with serious prospects &
          2 years is estimated to exceed RM1.0 billion.          negotiation in place
        ▪ Increase in construction projects in line with the   ▪ SPAs signed for 40 acres and 162 acres
          Budget 2021’s increased in Development                 currently in the sales pipeline
          Expenditure (DE) by 38%

M M C   C O R P O R A T I O N    B E R H A D                                                                   P A G E   2 6
INDUSTRIAL DEVELOPMENT’S
BUSINESS UPDATES
A MASTERFULLY DESIGNED
   INDUSTRIAL PARK

                         28
SYNERGISTIC ECOSYSTEM
                     Working closely with relevant Government agencies and bodies

                                         Providing readily available industrial and
                                      commercial areas, contributing to the growth of
                                                      trade volume
           MMC Land Sdn Bhd
                                                                                          Quick access to a multi-
                                                                                          modal logistics platform
     Infrastructure-Ready Land:-              Synergistic Ecosystem built
• SENAI AIRPORT CITY (SAC)                      on continuous derived
• TANJUNG BIN INDUSTRIAL PARK (TBIP)
                                             demand for both additional
       New Development:-
                                               industrial areas as well as
• NORTHERN TECHNOCITY (NTC)
                                                 efficient and reliable
                                                   logistical solutions

                                                                                            Seaports & Airport
                                   Easily accessible logistical amenities and solutions
                                         to act as a catalyst for future industrial
                                                      developments
                                                                                                              29
MASTERFULLY CRAFTED
FOR LONG TERM SUCCESS

  2,718       acre Land Area

  400          Free Industrial Zone &
          acre Free Commercial Zone

            Ready common
       Infrastructure & Utilities

 A Balanced Mix Integrated
       Development:-
       Free Industrial Zone
Hi-Tech & General Manufacturing
        Aerospace / MRO
      Mixed Development

                                        30
SEAMLESS CONNECTIVITY VIA LAND, SEA & AIR
BETWEEN MMC’S PORTS & AIRPORT
           Major Expressway                                 Seaports                                          International Airports
     3     ▪ 3KM to North-South Expressway
           ▪ 4KM to Senai-Desaru Expressway
           ▪ 12KM to Second Link Expressway
                                                        2   ▪ 35KM to Port of Tanjung Pelepas
                                                            ▪ 40KM to Johor Port (Pasir Gudang)           3   ▪ 5KM to Senai International Airport
                                                                                                              ▪ 60KM to Changi International Airport
                                                                                                              ▪ 320KM to Kuala Lumpur International Airport

  KUALA LUMPUR INTERNATIONAL AIRPORT

                                                                 Member of MMC
                    NORTH-SOUTH EXPRESSWAY

                                                                         Member of MMC

                             MALAYSIA                         SENAI AIRPORT CITY
                                                                                                  SENAI DESARU EXPRESSWAY

                               SECOND LINK EXPRESSWAY

     LEGEND
   North-South
   Expressway
   Senai-Desaru                                                                                              Member of MMC
   Expressway
   Second Link
   Expressway
                                                                                SINGAPORE                                    CHANGI
   Exit to PTP
                                                                                                                         INTERNATIONAL
                                                                                                                            AIRPORT
   Singapore Highway
                                        Member of MMC                                                                    TANAH MERAH PORT
   Free Zone
                                                        JURONG PORT
   Import/ Export
   Activities
                                                                      SINGAPORE PORT

                                                                                                                                             31
CENTER OF THE INDUSTRIAL CLUSTERS
                                                                             A Greenfield within Brownfield concept
                                                                     Senai Airport City located in the center of the industrial
          Sedenak
                                                                       clusters of well-known Manufacturing Companies.
                                                                                                         FOOD & BEVERAGE
                                Senai
                            International
                               Airport

                                                      10 km radius
                         Senai Airport City
                                                                                                     ELECTRICAL & ELECTRONICS

                                                            SAC
                                                             15 km radius

                                                                                        Johor Port
                                                                                                             LOGISTICS

                                                 SINGAPORE
                                                                                 Changi Airport
            Port of
            Tg.Pelepas
                                                                                                              OTHERS

                                        Jurong Port

                                                                Singapore Port

                                                                                                                         32
SENAI AIRPORT CITY MASTERPLAN
 A well-managed integrated development, consisting of-
           Free Industrial Zone
           Free Commercial Zone
           Hi-Tech & General Manufacturing
           Aerospace / MRO
           Mixed Development

                                                Senai – Desaru
                              SENAI              Expressway
                         INTERNATIONAL
                            AIRPORT

                                                                 Available Land Parcel

                                                                          Available Land Parcel

                                                                                                  33
SENAI AIRPORT CITY AS MASTER DEVELOPER TARGETING MNCs
➢ Complemented by 2nd Tier Developers, EcoWorld and i-Park Targeting SMEs
                      Senai Airport City caters for large development ie. 5 acres and above

                                                      Industrial Land

                                                        Target Segments are Free Zone,
  5 acres and above

                                                        Manufacturing and Mixed Development

                                                                                 Tailor-made plots
                           2,718 acres of
                                                      Land for expansion       according to business
                           industrial land
                                                                                   requirements
                                                                               Approved Developer
                            400 acres of          Ready-built common
                                                                               Status – An Incentive
                           Free Zone Area            infrastructure
                                                                                  for Developers           i-Park @ SAC
                                               Facilitation support services:
                                    Local Authorities, MIDA, Government Agencies, etc.

                             Ready-Built Factories                  Ready-Built Factories/ Built to Suit
  4 acres and below

                                                                                                                 Eco Business
                                                                                                                    Park II

                           2-Storey Service Factory                  1 ½ Storey Semi-Detached Factory
                               Cluster Factory                          1 ½ Storey Detached Factory
                           Semi-Detached Factory                                Built to Suit

        Land Acreage
                                                                                                                                34
STRATEGIC COLLABORATION
                    REAL ESTATE VALUE CHAIN : SUCCESSFUL INDUSTRIAL PARK

                                                                                      2nd Tier
         Authorities                 Master Developer
                                                                                     Developers
                                       Working closely with both
                                      authorities and industries to
                                      create a sustainable master
                                                                               •2ndNTC    providesare
                                                                                    tier developers     space
   Support master developers                                                    developing gated-and-guarded
                                    planned industrial park through:               for Tier 3 & Tier 4
                                                                                industrial parks to provide
   i.e. Senai Airport City and
   investors in pre, during and                                                    companies
                                                                                ready-built         (SMEs)
                                                                                            facilities to    to
                                        Complete Infrastructure
   post investment activities       “Plug-and-Play” development model              support Tier 1 & Tier 2
                                                                                investors:-
   such as:                            offers business ready platform,             companies in KHTP
                                                                                Eco Business Park 2
                                    infrastructure and utilities readiness.
                                                                               • 2-Storey Service Factory
   • Advice on incentives and                                                  • Cluster Factory
     business operations                   Holistic Ecosystem                  • Semi-Detached Factory
   • Business licences and          A Greenfield within Brownfield concept
                                     located in the center of the industrial
     certification                   clusters of well-known Manufacturing      i-Park @ Senai Airport City
   • Obtain building approval                     Companies.                   • Semi-Detached Factory
   • Others                                                                    • Detached Factory
                                          Authority Support &                  • Built to Suit Factory
                                          Facilitation Services

                                                                                                             35
READY INFRASTRUCTURE & UTILITIES
➢ Provided & Dedicated To Senai Airport City

     ELECTRICITY      WATER SUPPLY         SPECIALTY GAS &       TELECOMMUNICATION         FREE ZONE              SECURITY
                                           INDUSTRIAL GAS

    Main Supply        Capacity             Natural Gas            Fibre Optics          Managed by         Auxiliary police force
  (275/132/33kV)       2.5 MGD                                                         Senai Airport City

▪ 100%             ▪ Water Quality as     ▪ Underground         ▪ 24 Core Lines       ▪ Perimeter Fencing   ▪ 24 hours on site
  Underground            per WHO            Pipelines from      ▪ Exchange            ▪ CCTV
  Cable Networks     (World Health         Distribution Plant     Capacity: 10,000    ▪ Custom Building
                     Organization)                                lines upgradeable     & Checkpoint
                       Standards                                  to 50,000 lines
                                                                ▪ Broadband/
                                                                  Mobile Service
                                                                  Provider

                    Ranhill SAJ Sdn Bhd

                                                                                                                     36
READY INFRASTRUCTURE & UTILITIES
➢ Implementation of Plug & Play Development Model with Ready
  Infrastructure and Utilities Reticulation along Land Parcel Boundary

     WATER TANK WITH CAPACITY 2.5MGD

                                                  ROAD AND INTERCHANGE COMPLETED (Exit 254A)- OTP IN OCT 2016

    ELECTRICITY SUPPLY (275KV/132Kv/33kV)
                                            STP WITH CAPACITY 20,000 PE                   NATURAL GAS WITH 360 PSI

     STREET LIGHTING AND ROAD SYSTEM                LANDSCAPE                         FREE ZONE AREA PERIMETER FENCING
                                                                                                                     37
SENAI AIRPORT CITY FREE ZONE AREA
➢ Senai Airport City Appointed as the Free Zone Authority

                                                                                   Hersheys

                                                                GN Resound/
                                                                Agility Logistic
                                                                                              Custom Complex

         The Only Inland Free Zone Area In Johor           Housing Renowned MNC Industrial Players

  Available Land with Ready Platform and Infrastructure   Clearance Process by SAC Free Zone Authority
                                                                                                      38
ESTEEMED COMPANIES IN SENAI AIRPORT CITY
                             FREE ZONE AREA & OUR 2nd TIER DEVELOPERS

                                          HERSHEY MALAYSIA- OPERATING SINCE 2016

           I-PARK- OFFICIALLY LAUNCHED IN 2018                            I-STAY (I-PARK DORMITORIES COMPLEX)

     ECO BUSINESS PARK II – OFFICIALLY LAUNCHED IN 2016                   ECO BUSINESS PARK II – FACTORY UNITS
                                                                                                                 39
8 REASONS TO BE PART OF US

      SUPPORT FROM MMC GROUP’S COMPANIES                      INCENTIVES

       ▪ MMC will facilitate in the setting up and             MIDA
         operations with the local authorities/ agencies.      Pioneer Status, Investment Tax Allowance,
                                                               Principal Hub
                                                               IRDA
                                                               Approved Developer Status
      FREE ZONE AREA
                                                              COMPETITIVE PRICE & CUSTOMISED PLOTS
       ▪ Gazetted Free Zone Area for export-import             ▪ Freehold land, price is ready with infrastructure and
         activities – Tax & GST exemption                        amenities
       ▪ Industry : FMCG, Logistics, Healthcare, E&E etc       ▪ Greenfield within brownfield area
                                                               ▪ Land plots are customised based on clients’
                                                                 requirements.
      READY INFRASTRUCTURE & FACILITIES                       WORK-LIVE-PLAY IN ISKANDAR
        ▪ Infrastructure (roads, drainage, street lighting)    ▪ Expatriates enclaves
        ▪ Utilities (mains to power, water and gas) on site    ▪ International schools & educational institutions
          and within Senai Airport City.                       ▪ Healthcare

      DIRECT CONNECTIVITY                                     GUARDED INDUSTRIAL PARK

        ▪ 3 major highways,                                    ▪ Around-the-clock security services by Malaysian
        ▪ 2 major seaports                                       Auxiliary Police within Senai Airport City
        ▪ 2 international airports

                                                                                                           40
MARKETING UPDATES
- SAC PIPELINE as at Q1 2021

                                                        LOO Signed
                                                                         Size
                                    No.            Company
                                                                        (Acres)
                                        1         Company A              7.19
                                                        TOTAL            7.19
                                                       Sales Pipeline
                                                                         Size
                                    No.            Company
                                                                        (Acres)
                                        1         Company A              6.64
                                        2         Company B             50.00
                                        3         Company C              31.21
                                        4         Company D              9.79
                                        5         Company E              9.73
                                        6         Company F              9.73
                                        7         Company G             21.68
                                        8         Company H             15.52
                                                        TOTAL           154.30
                                                               No.       Total
                               Legend         Status
                                                            Investors   Acreage
                                            Signed SPA          13      684.44
                                            LOO Signed          1        7.19
                                             Pipeline           8       154.30

                                                                         41
TANJUNG BIN INDUSTRIAL PARK
        DEVELOPMENT BY:
   SEAPORT WORLDWIDE SDN BHD

                               42
TANJUNG BIN INDUSTRIAL PARK
                                                                                        Located opposite to
                                                                                    Port of Tanjung Pelepas &
                                                                                   next to Malakoff Power Plant
                           Acres with
               2,255       Free Zone Status

                           minutes to
                                                         TBIP
                     45    International
                           Shipping Lane                                              Port of Tanjung Pelepas

                           meter
                     17    natural draft

                           kilometer shoreline                                         Malakoff Power Plant
                     3.6   & sheltered
                           water
                                                                                    Ready Basic Infrastructure

                           Seaports
                      2    Port of Tg. Pelepas &
                           Johor Port

                           Major highways                                          Centralised Effluent Treatment

                      2    NSE &
                           Second-Link
                                                                                            System (CETS)

                                 TARGET INDUSTRIES
 Dry & Liquid Bulk                                  Logistic &   Food & Beverage           Transmission
     Storage
                      Commodity Trading            Warehousing    Manufacturing            Main Intake
                                                                                                     43
SEAMLESS CONNECTIVITY VIA LAND, SEA & AIR
BETWEEN MMC’S PORTS & AIRPORT
        Major Expressway                                       Seaports                                  International Airports
   2    ▪ 45KM to Second Link Expressway
        ▪ 50KM to North-South Expressway
                                                           2   ▪ 50KM to Port of Tanjung Pelepas
                                                               ▪ 85KM to Johor Port (Pasir Gudang)   3   ▪ 60KM to Senai International Airport
                                                                                                         ▪ 100KM to Changi International Airport
                                                                                                         ▪ 335KM to Kuala Lumpur International Airport

   KUALA LUMPUR INTERNATIONAL AIRPORT

                                                                                                                                     LEGEND
                NORTH-SOUTH EXPRESSWAY                             Member of MMC
                                                                                                                                   North-South
                                                                                                                                   Expressway
                                                                                                                                   Second Link
                                                                Member of MMC
                                                                                                                                   Expressway
                           MALAYSIA
                                                                                                                                   Exit to PTP

                              SECOND LINK EXPRESSWAY                                                                               Singapore Highway

                                                                                                                                   Free Zone

                                                                                                                                   Import/ Export
                                                                                                                                   Activities

                                                                                                     Member of MMC

                                                                                   SINGAPORE                           CHANGI
                  Member of MMC                                                                                    INTERNATIONAL
                                                                                                                      AIRPORT
                  TANJUNG BIN
                INDUSTRIAL PARK            Member of MMC                                                          TANAH MERAH PORT
                                                           JURONG PORT

                                                                         SINGAPORE PORT

                                                                                                                                         44
TANJUNG BIN INDUSTRIAL PARK
➢ Strategically located at the intersection of East-West Trade Lanes

        Tanjung Bin Industrial Park

                                      45 minutes from
                                      International Shipping
                                      Route

    ▪     Natural water draft of 17 meter
    ▪     45 minutes from international shipping route
                                                                            45
                                                                       45
TANJUNG BIN INDUSTRIAL PARK
➢ Development View
                                   PORT OF TANJUNG PELEPAS

          Sungai Pulai Bridge

                                                               PHASE 1
                                                                  (667 ac.)
                        PHASE 2
                         (1,588 ac.)

                                                                                Target Development of
                                                            ATB’s                   116-acre parcel
                                                  Oil Tank Storage Facilities
                                                           123 ac.

                                                                                                        46
TANJUNG BIN INDUSTRIAL PARK
➢ Overview of Development Progress                        Total Land Area:        2,255 acres
                                                          Total Shoreline:        3.6 KM
                                                                                  Power, Water, &
                                                          Basic Utilities:
                                                                                  Telecommunication
                             Sungai Pulai Bridge
                                                                                  Leasehold
                                                          Land Type:
                                                                                  (Free Zone)
                                                          Phase 1
                                                          Total Land Area:        667 acres

                                          1,918m          Total Shoreline:        1.7 KM
              PHASE 2                                     Phase 2
             (1,588 acres)
                                                          Total Land Area:        1,588 acres

                                              974m        Total Shoreline:        1.9 KM

                                                               Land Use Based From “KM” Plan

                      PHASE 1                             Land Use                Size (acre)
                                                   727m
                       (667 acres)                        Heavy Industry          1,000
                                                          Medium Industry         345
                                                          Commercial              115
                                                          Public Facilities and   795
                                                          Infrastructure
                                                          Total                   2,255

                                                                                           47
INVESTMENT IN TANJUNG BIN INDUSTRIAL PARK
➢ Highlights of Investment at Tanjung Bin Industrial Park

                                                    PORT OF TANJUNG PELEPAS

             PHASE 1                                                                                                  MALAKOFF
                           PHASE 2
                                       FUTURE
                                      EXPANSION
                                                                                       ATB’s
                                                                            Oil Tank Storage Facilities
                                                                                     (123 ac.)

                                                  Tank Storage             Total Capacity             No. Jetty       Leased Period
 PHASE 1
                                                    41 tanks                900,000 cbm
 (Completed 2012)
 PHASE 2 (Stage 1)
                                                    12 tanks                250,000 cbm                   6 Jetties    30 + 30 years
 (Completed 2015)
                                                                                                              -        (since 2008)
 PHASE 2 (a)
                                                     6 tanks                225,000 cbm
 (Completed 2020)
 Total Tanks (Completed)                            59 tanks               1,375,000 cbm

 *Disclaimer: The information provides general information only and may subject to change based on ATB’s overall planning
                                                                                                                               48
TANJUNG BIN INDUSTRIAL PARK
➢ Ready Infrastructure & Utilities On Site

  Centralised Effluent Treatment System (CETS)   Road Alignment       Transmission Main Intake

   *Artist impression of the Sg. Pulai Bridge    Water Pipe / Valve   Telecommunication Lines

                                                                                            49
TANJUNG BIN INDUSTRIAL PARK
➢ Development Advantages

▪   Adjacent to International shipping lane           ▪   Platform ready with infrastructure
    (45 minutes)                                      ▪   Free Industrial Zone
▪   Direct connectivity to KL/ Singapore via Sungai   ▪   Natural water draft of 17 meter
    Pulai Bridge (Target to complete June 2022)

                                                                                               50
FUTURE CONNECTIVITY BETWEEN GELANG PATAH AND PONTIAN
VIA SUNGAI PULAI BRIDGE
                                                                              PROJECT BENEFIT
                                                               To enhance network connectivity between
                                                                   district of Pontian and Johor Bahru
Seaport Worldwide Sdn. Bhd. (SWW) is a master
developer for Tanjung Bin Industrial Park and a project
                                                                To shorten the distance and time travel
proponent for proposed bridge crossing Sungai Pulai and
linking Gelang Patah to Pontian                               between district of Pontian and Johor Bahru

              PROJECT INFORMATION                             To improve socioeconomic and developments
                                                                          of surrounding areas

  Total Length of                                              To enhance Tanjung Piai tourism industry
 Road and Bridges              Road Width

  7.5 km                         24m                                            TRAVEL TIME

                                                              Before Bridge     After Bridge     From/To
                              APPROVAL                        Construction      Construction   Kukup Pontian
                       Jabatan Kerja Raya (JKR)
                                                                                                  Pelabuhan
                       Jabatan Pengaliran dan Saliran (JPS)   60KM             15KM                Tanjumg
                       Jabatan Alam Sekitar (JAS)
                                                              60 minutes       15 minutes          Pelepas
    2 2                Jabatan Hutan (JH)
                       Jabatan Laut (JL)
                                                                                                    (PTP)
Dual Carriage Way
                                                              55KM             30KM                  Iskandar
                                                              55 minutes       30 minutes              Puteri

                                        Project Timeline
                                                              70KM             45KM                   Johor
 90km/h                               2017 – 2022             70 minutes       45 minutes             Bahru

                           Navigation Clearance               60KM              30KM              CIQ 2nd link
                        100m             25m                  60 minutes        30 minutes
                         Horizontal       Vertical
                                                                                                51
PROJECT PROGRESS
- SUNGAI PULAI BRIDGE

                    Completion Date                                                       30 June 2022
                      Progress as of
                                                                                         Actual : 56.27%
                       March 2021

EAST BANK / TG. PELEPAS                                                                                    WEST BANK/TG. BIN

                                       Overall view of Main Bridge (Bridge 3) at Sungai Pulai
                                                                                                                  52
OVERVIEW OF NORTHERN TECHNOCITY

M M C   C O R P O R A T I O N
B E R H A D                                                       P 53
                                                                    A G E   5 3
NORTHERN TECHNOCITY
➢ A Well Planned & Managed Development in Kulim, Kedah

   PERLIS

            KEDAH
                                                                           NORTHERN TECHNOCITY SDN BHD

  PENANG
                                   KELANTAN       TERENGGANU
                                                                           100% owned by MMC Land Sdn Bhd
                PERAK

                                                                             Development size : 354acres
                                         PAHANG

                        SELANGOR
        Kuala Lumpur
                                                                              Location : Kulim,   Kedah
                                      NEGERI
                    Putrajaya        SEMBILAN

                                       MELAKA         JOHOR

                                                               SINGAPORE

                                                                                                            54
NORTHERN TECHNOCITY
COMPREHENSIVE DEVELOPMENT &
        ECOSYSTEM
                                                       KEDAH
    Strategic Location
    ➢ Access to major highways, seaports
       and airports                             NORTHERN TECHNOCITY

    Well-designed Masterplan
    ➢ Developments consist of Industrial,    PENANG
      Commercial and Residential elements.

     Infrastructure ready
     ➢ Electricity, water and
        telecommunication supply

    Green field within brown field
    ➢ Development surrounded by a
        matured Hi-Tech industry ecosystem
       ie. Kulim Hi-Tech Park
                                                                      55
LOGISTICAL NETWORK & SEAMLESS CONNECTIVITY
➢ Connectivity Distance via Land, Sea & Air – Ease for International Trade
      Major Expressway                             Seaport                          International Airport
      Butterworth-Kulim Expressway (5km)           Penang Port: approx. (30km)      Penang International Airport: approx. (45km)
      North-South Expressway (24km)                                                 (via 1st Penang Bridge)

                                             NORTH-SOUTH EXPRESSWAY

                                                                                  KEDAH

                                                       BUTTERWORTH-KULIM
                                     BUTTERWORTH           EXPRESSWAY

                      PENANG PORT
        PENANG                                                            KULIM

                           BAYAN LEPAS

                                                                                    Approximate distance to :
       PENANG INTERNATIONAL
             AIRPORT
                                                                                     • Butterworth: 30 km
                                                                                     • Batu Kawan: 40 km
                                                         BATU KAWAN
                                                                                     • Bayan Lepas: 45 km
                                                                                                                  56
NORTHERN TECHNOCITY
➢ Surrounded by a Matured Industrial Ecosystem
                                                        From Sg Petani
                       KHTP
                      PHASE 4

                                    KHTP
                                   PHASE 3                      KHTP
                                                               PHASE 1

                                                                         NORTHERN TECHNOCITY (NTC)

                                             NTC             KHTP
                                                            PHASE 2
 To Penang

                            Kulim              Kulim
                          Technocity           Golf &
                          Residential         Country
                          PH 1,2 & 3           Resort

                                                                                            57
NORTHERN TECHNOCITY MASTERPLAN
   LEGEND
  Medium Industry
  Light Industry                     147acres      Industrial
  Residential                            41%
  Commercial

                                               61acres
                              Commercial
                                                 17%

                                     52acres       Residential
                                        15%

                             Utilities &
                          Public Amenities     94acres
                                                 27%

                                                                 58
READY INFRASTRUCTURE & UTILITIES
➢ Provided & Dedicated To Northern Technocity

               Electricity                        Water                  Industrial Gas      Telecommunication

       Main supply (11/33 kV)         Quality as per WHO         Underground pipelines         Fibre optics:
       *Upon customer request      (World Health Organization)   from distribution plant    24/48 core lines @
                                           Standards                                       120Mbps and above
              Features:
    • Reliable power quality
    • Underground distribution              Capacity:                                      Broadband/ Mobile
      system                           2.0 MGD/ 9.5 MLD                                     Service Provider
    • Guaranteed no interruption
      / downtime

       N.U.R Power Sdn Bhd           Syarikat Air Darul Aman      Gas Malaysia Berhad          TM Berhad
                                             Sdn Bhd

                                                                                                             59
MATURED INDUSTRIAL ECOSYSTEM
➢ Housing Established MNC and Local Companies

  Manufactures solar panel and integrated manufacturing of
                 wafers, cells and modules

                                                                     First Solar manufacturing facility

  Key operations center for mobile modules and assembly of
                    processor packaging.

                                                             Sil Terra head quarters and manufacturing facility

              Infineon wafer fabrication facility               Electronic manufacturing and R&D facility

                                                                                                                  60
NORTHERN TECHNOCITY
➢ Investment Value Proposition For Future Industrial Players

          1       147 acres freehold industrial land and 61 acres freehold commercial
                                     land with ready infrastructure

                                   Direct Access to major expressway
          2          ie. Butterworth-Kulim Expressway & North-South Expressway

                              Surrounded by matured industrial ecosystem
          3                              ie. Kulim Hi-Tech Park

          4                     Seamless access to major infrastructure
                            ie Penang Port and Penang International Airport

          5         Support and facilitation from MMC Group’s companies in daily
                                 operation and investment matters

          6        Attractive incentives from investment agencies ie. MIDA and NCER

                                                                                        61
For enquiries, kindly contact:

                                                                                                      Gan Seng Keong
                                                                                                    Head, Group Property
                                                                                                       017-333 6098
                                                                                                     gan@mmc.com.my

Disclaimer -
All information including but not limited designs, drawings, concepts, photos, images, brochures, perspectives, articles and plans (“Information”) are subject to change without prior notice and cannot form part of any offer or contract. NTC shall
not be liable for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information. While every effort has been taken to provide accurate Information, NTC reserves the right to upgrade,
modify, alter, suspend, discontinue or remove, whether in whole or in part. NTC makes no guarantee that the information provided (and includes any upgrade, updates and modifications) is accurate, correct, complete or up-to-date.
This presentation is intended only for the use of the person(s) to whom it is addressed and may contain information that is confidential and privileged under applicable laws. If you are not the intended recipient(s), you are hereby notified that any
use, review, dissemination, disclosure or copying of this presentation and the information it contains is prohibited. If you have received this presentation in error, please notify the sender by reply e-mail and discard all its contents immediately.

                                                                                                                Thank You

                                                                                                                                                                                                                                     62
SENAI AIRPORT CITY
➢ Target Market & Industries
  1                     2                      3                      4

                             LOGISTICS /
                                                                         FAST-MOVING
      ELECTRICAL &           REGIONAL           GREEN TECHNOLOGY
                                                                       CONSUMER GOODS
      ELECTRONICS       DISTRIBUTION CENTRE       MANUFACTURER
                                                                            (FMCG)
                               (RDC)

  5                            6                             7

                                COMPANIES THAT NEED TO BE
    SUPPLY CHAIN OF CURRENT
                                  RELOCATED FROM OLD               DEVELOPERS/ REITS
  INVESTOR & MANUFACTURERS
                               INDUSTRIAL PARKS & EXPIRING            INVESTORS
     IN SURROUNDING AREAS
                                      RENT / LEASE

                                                                                   63
TANJUNG BIN INDUSTRIAL PARK
➢ Target Market & Industries
  1                          2                          3                        4

   DRY & LIQUID BULK                                                               LOGISTICS /
                             COMMODITY TRADING         AGROFOOD PROCESSING   REGIONAL DISTRIBUTION
       STORAGE
                                                                                  CENTRE (RDC)

 • Dry bulk commodities
   storage include iron                                • Wheat milling       •
                             • Trading Hub for                                       Regional Distribution
   ore, coal, and grain.                               • Cocoa processing            Centre (RDC)
                               commodity
 • Minor bulks include                                 • Food and beverage   •       Warehousing services
                               products ie. sugar,
   steel products, sugars,                               ingredients         •       Integrated Logistics
                               palm kernel and
   cement and etc.                                       processing &                Services
                               palm oil, rice/ grain
 • Liquid product                                        packaging           •       Cold Chain Facilities
                               and etc.
   storage ie. palm oil,
   petroleum and etc

                                                                                                  64
NORTHERN TECHNOCITY
➢ Target Industries
  1                     2                      3                     4

                             LOGISTICS /
       ELECTRICAL &          REGIONAL          GREEN TECHNOLOGY         LIFE SCIENCE &
       ELECTRONICS      DISTRIBUTION CENTRE      MANUFACTURER         PHARMACEUTICALS
                               (RDC)

   5                           66                           7

    SUPPLY CHAIN OF CURRENT
                                    COMPANIES FROM OLD            DEVELOPERS/ REITS
  INVESTOR & MANUFACTURERS
                                     INDUSTRIAL PARKS                INVESTORS
     IN SURROUNDING AREAS

                                                                                 65
DISCLAIMER

   This presentation is not intended to form the basis of any investment decision with respect to MMC Corporation Berhad (MMC). Neither this
   presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This
   Presentation is solely based upon Information of MMC. No representation or warranty, express or implied, is or will be made by MMC in relation to,
   and no responsibility or liability is or will be accepted by MMC as to the accuracy and completeness of, the Information made available, and any
   liability therefore is expressly disclaimed.

   This Presentation contains “forward-looking statements”. Forward-looking statements by their nature involve known and unknown risks, uncertainties
   and other factors that are in many cases beyond MMC’s control. Although MMC believes that the expectations of its management as reflected by
   such forward-looking statements are reasonable based on information currently available to it, no assurances can be given that such expectations will
   prove to have been correct. Accordingly, you are cautioned not to place undue reliance on such forward-looking statements. In any event, these
   statements speak only as of their dates, and MMC undertakes no obligation to update or revise any of them, whether as a result of new information,
   future events or otherwise.

   This presentation and its contents are strictly confidential and must not be copied, reproduced, distributed, summarized, disclosed referred or passed
   on to others at any time without the prior written consent of MMC.

M M C   C O R P O R A T I O N
B E R H A D                                                                                                                                   P A G E   6 6
MMC CORPORATION BERHAD

      THANK YOU!

        +603 2071 1122

       investor@mmc.com.my

        https://www.mmc.com.my/
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