IR Briefing • 7 March 2019

2018 Financial Results &2019 Plans

1

Highlights of 2018

2

2018 Highlights

3

Notes:

• Represent record PBT in the ordinary course of business and excludes gain on disposal of land & buildings of Sri KDU to Alpha

REIT in 2017

^ Based on share price of RM2.14 per share as at 4 March 2019

Awards & Accolades

4

The Edge Property Excellence Awards 2018

➢ Ranked 12th Overall

➢ Top 10 in Quality - Overall

StarProperty.my Awards 2018

➢ All Star Award (Top Ranked Developers of The

Year)

➢ Small is Big Award (Best Small Home

Development) – Utropolis Batu Kawan

➢ The Cornerstone Award (Best Landed

Development) – Sejati Residences, Cyberjaya

➢ Family-Friendly Award - (The Best Family

Centric Development from RM350,000) – Bukit

Banyan, Sungai Petani

➢ Northern Star Award - (Best Northern Malaysia

Development) – Bukit Banyan, Sungai Petani

2018 Coworker Members’ Choice Awards:

Asia

➢ Co-Labs is the winner of Malaysia, Shah

Alam category

Edge Property Malaysia’s Best Managed

Property Awards 2018

➢ Responsible Developer: Building Sustainable

Development Award 2018

Putra Brand Awards 2018

➢ KDU - Bronze in Education and Learning

category

Sin Chew Education Award (SCBEA) 2018

➢ KDU is the winner of the EducationBusiness Sustainability category

➢ KDU is the winner of OutstandingEducational Institutions: PrivateUniversities/ Colleges category

Pro

pert

yE

du

cati

on

86 102 112 183 151

9%8% 8%

14%

9%

0%

2%

4%

6%

8%

10%

12%

14%

16%

-

20

40

60

80

100

120

140

160

180

200

2014 2015 2016 2017 2018

RO

E

PB

TROE and Profitability

* Restated and included the gain on disposal of the Sri KDU school buildings to Alpha REIT of RM77.8m.

5

*

6

Historical Share Price from

31 January 2017 – 31 December 2018 (Monthly)

RM

1.57

2.04

1.49

0.980.89

1.10

0.67

1.46

0.91

1.28

0.71

0.00

0.50

1.00

1.50

2.00

2.50

Paramount Corporation Berhad Mah Sing Group Berhad Tropicana Corporation Berhad

UEM Sunrise Berhad Eco World Development Group Berhad Eco World International Berhad

+30.0%

0.92

-37.67%

-38.25%

-9.18%

-44.53%

-39.10%

7.50 8.25 8.50

16.00

8.50

51%52%

48%

51%

38%

0%

10%

20%

30%

40%

50%

-

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

2014 2015 2016 2017 2018

7.5

Gross Div Per Share & Payout Ratio

8.50

Closing

price

(RM)

1.54 1.68 1.39 1.77 2.04

Div Yield

(%)

4.87 4.91 6.12 9.04 4.17

* Being special dividend

7

sen

(in the category of RM500m to RM950m)

Financial Highlights

8

Overview

9

2017 As previously

stated under FRS

RM’ m

As restated

RM’m

Revenue 758.3 763.0

PBT 182.2 182.6

1) First time adoption of MFRS

2)Adoption of MFRS 15

➢Revenue from contracts with customer

❑ Inventories (Non-Current Assets / Current Assets)

❑ Contract Assets / Contract Liabilities

Group Financial Highlights

-20.0

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

200.0

2018 2017

128.985.1

38.395.2

-15.9

2.3

Property Education Others

(77%)

(23%)

(53%)

(47%)

RM151.3m RM182.6m

17%

*

10

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1,000.0

2018 2017

631.6516.6

276.1

246.4

Property Education

RM907.7m RM763.0m

19%

(70%)

(30%)

(68%)

(32%)

^

*

* Restatement arising from the adoption of MFRS 15: Revenue from contracts with customer and reclassification.

Revenue By Division PBT By Division

^PBT for 2018 was RM46m higher than 2017 of RM105m (excluding the gain on disposal of RM the Sri KDU school buildings to Alpha REIT).

Property Division

22%

• Contributors to higher revenue & PBT

–Sale of 9.4 acres of industrial land in Kota

Damansara (“KD Land Disposal”) (Rev of

RM92.1m; PBT of RM43.2m);

–Strong sales from Atwater & Utropolis

Batu Kawan; off set by

–Completion of certain phases of Sejati,

Cyberjaya and Utropolis Shah Alam in 2017

• Higher 12M sales with low unsold stocks

–RM1bn Vs RM815m (Up 23%)

–Unsold stocks stood at RM23m (33 units)

(including sales gallery of RM11m)

Yr on Yr

RM1.1b* launched in 2018

Date launched Development Name DescriptionGDV

RM mil

Mar 2018 Atwater, Section 13, Selangor 493 units of serviced apartments 383

Mar 2018 &

Jul 2018Utropolis Batu Kawan, Penang

247 units of serviced apartments

244 units of serviced apartments

149

151

Mar 2018 &

Jul 2018Bukit Banyan, Kedah

112 units DT & 103 units ST terrace house

170 units townhouse

65

16

April 2018 &

Sept 2018Greenwoods, Sepang, Selangor

204 units DT terrace house

254 units DT terrace house

111

152

51%

• Revenue RM631.6m

• PBT RM128.9m

• PBT margin 20% 4%

11* Included the KD Land Disposal of RM92.1m

.

2019 Launches & Property Sales

Projects

2019 Indicative

Launches 2018 Sales 2017 Sales Take up

rates#

(%)(Unit)GDV^

(RM’m)(Unit) (RM’m) (Unit) (RM’m)

Bandar Laguna Merbok,

Sg Petani (Completed) - - 1 1 6 3 N/A

Bukit Banyan, Sg Petani, Kedah489 185 342 105 313 97 68%

Utropolis, Batu Kawan, Penang 474 243 336 188 581 237 79%

Utropolis, Glenmarie, Shah Alam - - 140 90 240 197 91%

Sejati Residences, Cyberjaya - - 11 27 73 188 71%

Sekitar26, Shah Alam - - 21 25 40 68 51%

Greenwoods, Salak Perdana, Sepang 237 136 288 160 34 25 59%

Atwater, Section 13, Petaling Jaya* 72 313 413 316 - - 84%

Berkeley Uptown, Klang 482 223 - - - - N/A

Lakeside, Cyberjaya 130 132 N/A

SelangorKu, Kemuning Utama 650 113 - - - - N/A

Lot 7& 9 Kota Damansara Land - - 1 92 N/A

Total 2,534 1,345 1,553 1,004 1,287 815 74%

N

o

r

t

h

e

r

n

C

e

n

t

r

a

l

^ Ratio of residential to commercial is 75:25

# Represented the take up rates for on going projects, based on all units launched up to 31 December 2018.

* Comprises commercial development – Grade A office towers 12

439

367407

610

995

0

200

400

600

800

1000

1200

2014 2015 2016 2017 2018

RM’m

Unbilled Sales

as at 31 December 2018 – RM995m

13

Property Division – Analysis by Projects

Projects

2018 2017* 2018 2017*

RM’m % RM’m % RM’m % RM’m %

Bandar Laguna Merbok

& Bukit Banyan,

Sg Petani

98.1 18 103.5 20 20.4 24 30.8 32

Utropolis, Batu Kawan,

Penang140.9 26 82.9 16 30.0 36 16.0 17

Utropolis, Glenmarie,

Shah Alam71.1 13 110.5 22 12.4 15 14.5 15

Sejati Residences,

Cyberjaya77.8 15 141.1 28 15.6 19 26.4 28

Sekitar26, Shah Alam 29.2 5 37.2 7 1.5 2 1.2 1

Greenwoods, Salak

Perdana, Sepang57.6 11 31.9 7 1.5 2 5.6 6

Atwater, Section 13,

Petaling Jaya60.1 12 - - 2.4 2 - -

Kemuning Utama - - 5.1 * - 1.2 1

Revenue

Northern

Central

PBT

Notes:• Restatement arising from the adoption of MFRS 15: Revenue from contracts with customer.^ Negligible 14

Education Division

+12%

• Contributors to higher revenue

- Full year consolidation of the R.E.A.L

Education Group’s financial results (12Mths

Vs 9Mths)

- Improvement in student enrolments

(27,028 VS 26,622)

• Lower PBT due to:

- Gain on disposal on land & buildings of Sri

KDU to Alpha REIT in 2017

- Sri KDU rental expense – sale and

leaseback with Alpha REIT (2018: RM12m)

• KDU UC achieved EBITDA of RM6.7m with

improvement in student enrolments of 19%

Yr on Yr

Full Spectrum Education Provider

Date Brands No.

Tertiary KDU UC, KDU College PJ 3 campuses

Primary & Secondary Sri KDU & R.E.A.L Schools 4 campuses

Kindergarten R.E.A.L Kids 33 schools

Enrichment Centres Cambridge English for Life 63 centres (9 owned, 54 franchise)

-60%

• Revenue RM276.1m

• PBT RM38.3m

• PBT margin 14% -25%

15

Total student enrolment Dec 2018 Dec 2017Change

+/-

KDU UC Glenmarie 3,125 2,617 +19%

KDU Penang UC 2,214 2,180 +2%

KDU College PJ 374 397 -6%

Total Tertiary 5,713 5,194

Sri KDU 2,952 3,039 -3%

R.E.A.L – Private &

International Schools2,857 3,247 -12%

R.E.A.L – REAL Kids

(Kindergarten)5,018 4,859 3%

CEFL Enrichment centres 10,488 10,283 2%

Total 27,028 26,622

Dec 2018 Enrolment

16

Education Division – Analysis

2018 2017* 2018 2017

RM mil % RM mil % RM mil % RM mil %

KDU UC Glenmarie

& KDU College PJ54.0 20 49.6 20 (8.9) N/A (13.5) N/A

KDU Penang UC 28.6 10 28.8 12 4.0 8 4.5 8

Sub Total 82.6 30 78.4 32 (4.9) 8 (9.0) 8

Sri KDU 87.8 32 88.2 36 29.2# 60 35.7 66

R.E.A.L Education

Group104.8 38 79.1 32 16.5 32 14.2^ 26

Sub Total 192.6 70 167.3 68 45.7 92 49.9 92

Revenue PBT

* Restatement arising from reclassification adjustments.^ Represent consolidation of results for 9 months post acquisition of the R.E.A.L Education Group.# Included lease expense of RM12m (12M 2017: RM3m)

17

2018 Group Financial Highlights

31 Dec 201831 Dec 2017

(restated)*

Change

+/-

Change

%

Revenue (RM’ m) 907.7 763.0 +144.7 19

PBT (RM’ m) 151.3 182.6 -31.3 -17

EBITDA (RM’ m) 196.6 225.7 -29.1 -13

Profit for the year

(RM’ m)112.6 150.5 -37.9 -25

Profit attributable to ordinary

equity holders of the

company (RM’ m)

94.9 133.6 -38.7 -29

EPS (sen) 22.20 31.52 -9.32 -30

ROE (%) 9.2 14.2 -5 -35

Dividend per share (sen) 8.50 16.0 -7.5 -47

Net Assets per share (RM) 2.51 2.46 +0.05 2

* Restatement arising from the adoption of MFRS 15: Revenue from contracts with customer and reclassification. 18

RM’000 31/12/201831/12/2017

(restated)*

Non-current assets 1,715,298 1,832,614

Current assets 929,138 690,215

Total assets 2,644,436 2,522,829

Current liabilities 681,152 514,993

Net current assets 247,986 175,222

Non-current liabilities 613,887 690,945

Total liabilities 1,295,039 1,205,938

Total equity 1,349,397 1,316,891

Total equity and liabilities 2,644,436 2,522,829

Consolidated Statement of Financial Position

* Restatement arising from the adoption of MFRS 15: Revenue from contracts with customer.

19

* Included Private Debt Securities of RM200 mGross D/E Ratio = Total Borrowings/Total EquityNet D/E Ratio = (Total Borrowings-Cash & Bank Balances)/Total Equity

^ Restatement arising from the adoption of MFRS 15: Revenue from contracts with customer.

31/12/201831/12/2017

(restated)^

RM’m RM’m

Borrowings 900.7 823.8

Cash & bank balances 137.0 141.4

Total equity* 1,349.4 1,316.9

Gross D/E ratio (times) 0.67 0.63

Net D/E ratio (times) 0.57 0.52

Group Debt/Equity (D/E) Ratio

20

Prospects for 2019

21

Prospects for 2019

➢ Unbilled sales increased by 63% to RM995m (2017: RM610m)

➢ Steady stream of launches in 2019 with estimated GDV of RM1.3bn

➢ Undeveloped land bank of 556.4 acres with potential GDV of RM6.9bn over the next 9 years until2027.

➢ Replenishment of land bank – 41.4 acres in Cyberjaya with projected GDV of RM570m

➢ Completing the JV agreement to develop Transit-Oriented Development – Section 14 (PJ)

➢ Land development business - continue to complement property development business

➢ Co-working space – Plan to add 3 sites including the expansion of the Starling Mall space

➢ K-12 segment - Growth strategy for the R.E.A.L Schools led by Dr Goh Chee Leong, newlyappointed CEO of K-12 & R.E.A.L i.e. To beef up academic quality; restructure the curriculum;refurbishment & upgrade of premises and facilities; more aggressive marketing.

➢ Pre-school - 1 new centre opened in Rawang; Sourcing for other suitable locations to openanother 3 to 5 new centres

➢ Tertiary segment – Expected completion of sale to UOW and the assets securitisation proposal in2Q 2019.

➢ Continues to explore opportunities to unlock the value of its investments in line with its strategicplan of becoming a pure-play property company.

Property

Education

22

Landbank & GDV

Project

Remaining

Gross

Undeveloped

Lands

(Acres)

Remaining

GDV*

(RM’m)

Development

Period

Start End

On going Developments

Bandar Laguna Merbok, Sungai Petani 0.0 6 1996 2018

Bukit Banyan, Sungai Petani 248.0 621 2012 2027

Batu Kawan, Penang 20.4 1,698 2016 2026

Kemuning Utama, Shah Alam 33.7 506 2004 2020

Sejati Residences, Cyberjaya 10.3 506 2013 2021

Sekitar26, Shah Alam 11.6 652 2013 2020

Greenwoods, Salak Perdana 141.0 902 2015 2023

Atwater, Section 13, Petaling Jaya 1.7 360 2018 2022

Utropolis Glenmarie, Shah Alam 0.0 25

Total 466.7 5,276

Northern

Central

23

* Comprising potential GDV from undeveloped lands and GDV from properties launched but remained unsold as at 31 December

2018

Landbank & GDV

Project

Remaining

Gross

Undeveloped

Lands

(Acres)

Remaining

GDV*

(RM’m)

Development

Period

Start End

Project in the Pipeline

Berkeley Uptown, Klang 20.5 1,200 2019 2026

Future Projects

Machang Bubuk, Penang 69.2 420 2020 2025

Grand Total 556.4 6,896

Central

Northern

24

* Comprising potential GDV from undeveloped lands and GDV from properties launched but remained unsold as at 31

December 2018

Highlights for 2019

25

2019 Launches

26

A

➢ 28.3 acres of freehold land for development and anchored by 5-acre Sri KDU International School.➢ Easy accessibility to major hubs in the Klang Valley via major highways, KTM, proposed LRT 3 line.

➢ Close proximity to the Klang town’s central business district as well as many commercial and

residential areas.

Land features

Berkeley Uptown

2019 Launches

27

A

➢ Mix development comprises of Sri KDU International School, serviced apartments,

commercial zone for retails and offices and a public park.

Project Details Potential GDV RM1.2bn

Berkeley Uptown

2019 Launches

28

➢ Integrated development capsuled within 5.09 acres of leasehold land.

➢ The development consists of the following:

❑ Launched in 2018, 493 units of serviced apartments (take up 84%);

❑ Launched in 2019, Grade A and GreenRE-certified office comprising 72 units of executive and

premier office suites (1,384 sq ft to 30,010 sq ft) and 2 levels of retail spaces (355 sq ft to

3,616 sq ft)

Project Details

A Atwater

RM360mRemaining GDV

2019 Launches

29

➢ 28.8 acres of land (20.3 acres freehold, 8.5 acres leasehold) anchored by 15.5-acre KDU Penang UC (10 acres for main campus plus 5 acres for future extension).

➢ Excellent connectivity – only 5 minutes drive from the Second Penang Bridge. ➢ Batu Kawan is the 3rd satellite town of Penang, home to the planned Batu Kawan Industrial Park.

➢ The project site is within walking distance to the Penang Design Village Outlet Mall towards the

North and Aspen Vision City, Columbia Asia Hospital and IKEA towards the South.

Land features

A Batu Kawan

2019 Launches

30

➢ An integrated university metropolis. Comprises residential apartments, 2- and 3-storeycommercial offices and retail lots, all anchored by the 15.5-acre KDU Penang UniversityCollege.

➢ Phase 1 – Residential suites (take up: 99%) & commercial shop office (take up: 71%)➢ Phase 2 – Serviced apartments (take up: 56%)➢ Phase 3 – Serviced apartments - target launch in 4Q 2019 with estimated GDV-RM222m

Commercial shops estimated GDV- RM21m

Project Details

A Batu Kawan

RM1.7bnRemaining GDV

2019 Launches

31

A Batu Kawan

2019 Launches

32

A Batu Kawan

Co-working Space

33

➢ Major cities beyond the Klang Valley, such as

Penang, Johor and Kota Kinabalu, will continue to

experience a surge in co-working space. This trend

is primarily fuelled by strong demand from startups

and freelancers alike.

➢ Local and international flexible office providers are

continuing to grow in KL and Selangor, occupying in

excess of 1.1m sq ft across KL to Selangor.

➢ With flexibility and speed being key to many

modern enterprises, co-working space is set to be a

major trend in the future.

Existing 2 outlets, contractual seats taken @ Dec18

(73%), LBITDA RM0.9m:

➢ Starling Mall : 20,000 sq ft (opened in Jul 2018)

➢ Utropolis Glenmarie : 3,500 sq ft (opened in 2017)

3 confirmed sites; NAZA Tower (KL City Centre), Sekitar

26 (Shah Alam) and expansion of the Starling Mall

space.

Market Statistics*

Growth Plans

* Source: News Straits Times (dated 13 December 2018)

B Co-Labs

Strategic Partnership with UOW

34

➢ UOW will emerge as the ultimate major shareholder of the Tertiary Group (65% of KDUUC & KDUPG; 100% of KDUPJ)

➢ Yr 4 – UOWM shall purchase additional 5% in KDUUC and KDUPG

➢ Yr 5 to 7 - Option for UOWM to purchase remaining shares

➢ Gross proforma gain = RM20m

Tertiary Group• Enhance brand position of KDU to accelerate

student enrolment growth to turnaround the Tertiary

Group

• Leverage on the strength of UOW, a well

established and high-ranking public research

Australian university (16th in the 2019 QS Top 50

under 50 - a ranking for universities under 50 years

old)

• Cut losses and expedite the turnaround of the

Tertiary Group

• University campuses are purpose built assets –

student enrolments is key in unlocking its value

• Proceeds of RM38.5m mainly to reduce gearing

and for working capital purposes

• Derive recurring income from the lease of the

campus properties

Target completion in 2Q 2019, subject to, amongst

others to the following:

• Completion of internal restructuring (including

transfer of landed properties)

• Ministry of Education approval

• Paramount shareholders’ approvalof

Rationale

Target Timeline

C Overview

Disposal of equity interest in KDUUC, KDUPG and KDUPJ

35

Dynamic Gates

Sdn Bhd *

KDUUC

B

A

KDUPG

Notes:

* Dynamic Gates Sdn Bhd is a special purpose vehicle set up for the purpose of the assets securitization exercise.

^ KDUPJ will enter into a sale and purchase agreement to dispose its campus properties to Paramount Greencity Sdn Bhd, a wholly-owned subsidiary of PCB and will subsequently leaseback the said properties.

# Represent the maximum shareholdings of UOWM, assuming UOWM exercised the call option in each year commencing from the 5 th Year to 7th Year.

Transactions A Dynamic Gates Sdn Bhd would be the owner of Utropolis Glenmarie campus, Jalan Anson campus and BatuKawan Campus.

The campus properties will be consolidated with the Paramount Group and KDUUC and KDUPG will bepaying lease rental to the Paramount Group.

Transaction B Change in shareholders where, UOWM Sdn Bhd emerges as the major shareholder of KDUUC, KDUPG andKDUPJ.

A

Disposal of campuses

Yr PCB

%

UOWM

%

1st to

3rd Yr

35 65

4th Yr 30 70

5th Yr 20 80#

6th Yr 10 90#

7th Yr 0 100#

Janahasil

Sdn Bhd

KDUUC and KDUPG shareholdings

A

KDUPJ^

Enter into sub-lease agreement

UOWM

Paramount

GreencityDisposal of campuses for RM420 mil

Enter into master lease agreement

Strategic Partnership with UOWCTrans

Structure

Tertiary Real Estates

36

➢ Total market values of the above tertiary realestates is RM480m.

➢ The above tertiary real estates will be leased backby KDUUC & KDUPG. KDUPJ lease is short term.

➢ KDUPJ – Evaluating potential for redevelopment

➢ Student enrolment is key in unlocking the value ofthe university campuses

Market ValueRM

Glenmarie, Shah Alam 250m

Batu Kawan 120m

Penang (Jln Anson) 50m

Damansara Jaya (DJ) 60m

TOTAL 480m

DJJln Anson (PG)

Shah Alam Batu Kawan

D

Pre-Tertiary Segment

37

Pre-Tertiary Financials*

2018RM’m

Revenue 193

EBITDA 56

PBT 46Note:

* Unaudited financials comprising Sri KDU and the R.E.A.L Education Group.

E

K-12 segment %

Sri KDU 87

R.E.A.L Schools - Cheras 54

R.E.A.L Schools – SA 77

R.E.A.L Schools - JB 49

Average Utilisation Rates

Sri KDU International School new campus in

Klang; capacity of 1,500 students

Construction commenced in 2018; completion

expected to be in 2020

Bonus Shares & Free Warrants

38

➢ Warrants may be exercised over the tenure offive years

➢ Exercise price of the Warrants will bedetermined after taking into consideration apremium of 10% over the theoretical ex-bonusprice based on 5-day volume weighted averageprice

• Create more liquidity for mother shares and

warrants as investors can trade with minimum

capital outlay

• Assuming indicative exercise price of RM1.62*, the

gross proceeds raised would be RM277.5m.

Proceeds raised will be for the Group’s working

capital purposes

• Shareholders have opportunity to increase their

shareholdings at pre-determined price over the

tenure of the warrants

Target completion in 2Q 2019, subject to, amongst

others to the following:

• Bursa Securities approval

• Paramount shareholders’ approvalof

Rationale

Target Timeline

Note:

* After taking into consideration the 5-day volume weighted average price up to 31 Oct 2018 (latest practicable date prior to the date of

announcement) of RM2.0567 and theoretical ex-bonus price of RM1.47.

F

Statement Regarding Unaudited Financial Information

The unaudited financial information set forth above is preliminary and subject to

adjustments and modifications.

Disclaimer on Forward-Looking Statements

This presentation may contain forward-looking statements that involve risks and

uncertainties. Actual future performance, outcomes and results may differ

materially from those expressed in forward-looking statements as a result of a

number of risks, uncertainties and assumptions. All of these forward-looking

statements are subject to risks and uncertainties that may change at any time,

and, therefore, our actual results may differ materially from those we expected.

We therefore caution against placing undue reliance on the forward-looking

statements contained in this presentation, which are based on current view of

management on future events.

Disclaimer

39

Thank You

40