DIALOG GROUP BERHAD

Corporate Presentation

September 2020 About Us A leading Integrated Technical Service Provider for the Oil, Gas & Petrochemical Industry

1984 Ten RM 20bil 2,900 Founded Countries Market Capitalisation Employees

(as at 28 August 2020)

Corporate Presentation Strictly Business Confidential 2 Core Services & Strategic Outlook

OUR UPSTREAM INVESTMENTS OUR Upstream Assets & INTEGRATED TECHNICAL SERVICES Services • Engineering, Procurement, Construction & Commissioning

• Specialist Products & Upstream Services

Downstream • Plant Maintenance & Catalyst Handling Midstream Services

• Fabrication OUR MIDSTREAM INVESTMENTS • Digital Technology & Midstream Assets & Solutions Services – Terminals & Supply DIALOG’s business model is Base well structured to manage oil price volatility and currency movements

Corporate Presentation Strictly Business Confidential 3 Midstream Assets

Terminals, LNG Facilities & Supply Base

Owner / Operator Long Term Long Term Leveraging on Recurring Sustainable Our Integrated Income Income Services

Corporate Presentation Strictly Business Confidential 4 Midstream Assets

Kertih Centralised Tankage Facilities (KTSB) Kertih, Terengganu

DIALOG Terminals Langsat Facility (DTL1, DTL2, DTL3) Tanjung Langsat, Johor Terengganu Pengerang Independent Terminal (PITSB) Pengerang, Johor Kuala Lumpur Pengerang Terminal 2 (PT2SB) Pengerang, Johor Johor

Pengerang LNG Facilities (PLNG2) Pengerang, Johor

Saudi Arabia Jubail Offshore Supply Base Saudi Arabia

Corporate Presentation Strictly Business Confidential 5 Kertih Centralised Tankage Facilities (KTSB)

Handling, Storage & 400,000 m3 OUR USERS Storage Capacity ▪ Petronas Chemicals Distribution of Ammonia Sdn Bhd 3 Chemicals, 3.2 mil m ▪ Petronas Chemicals Throughput 88% Guaranteed Olefins, Glycols & Petrochemical Feed by users Derivatives Stock Products, ▪ Petronas Chemicals Take or Pay Aromatics Sdn Bhd Petroleum Products Concept ▪ BP Petronas Acetyls & By-Products Sdn Bhd

Commenced Operations 2000

Corporate Presentation Strictly Business Confidential 6 DIALOG Terminals Langsat (DTL1, DTL2, DTL3)

Commenced Operations 2019 Storage, Blending, Plans for 120,000 m3 85,000 m3 Distribution of Langsat 3 Storage Capacity Expansion in progress Petroleum Products & By-Products 30 years 35 acres 200,000 m3 Land Concession Land Area Available for (Up to 2048) expansion Langsat 1 & Built, owned & operated by DIALOG

Langsat 2 Langsat Langsat Terminal (Two) 650,000 m3 Terminal (Three) Storage Capacity 39 years Term Land Concession Agreement (Up to 2046) Langsat Terminal 85 acres Commenced Operations 2009 (One) Land Area

Corporate Presentation Strictly Business Confidential 7 Pengerang: The Perfect Location

To capture APAC demand growth MALAYSIA over the next 30 years APAC Population ~ 4 bil

ASEAN Population Japan ~ 650 mil China

Myanmar Taiwan India Hong Kong Next to international shipping Thailand Vietnam Sri Lanka Brunei lanes MALAYSIA Deepwater ( 24 meters ) jetty Indonesia facilities Naturally sheltered harbor Australia All-weather port Proximity to Singapore – existing major refining and petrochemical hub

Corporate Presentation Strictly Business Confidential 8 Pengerang Deepwater Terminals (“PDT”)

Investor 3 Investor 2

Petronas RAPID Investor 1 Sg. Rengit Town Pengerang Deepwater PT2SB Terminals Phase 3 DFPF PITSB & Future Tg Kapal Phases

PLNG2 Tg Ayam

DFPF – DIALOG Fabricator Pengerang Facility SRIE – Sungai Rengit Industrial Estate

Next to Potentially Serving 1,200 acres Major International 3 Billion Commercial Centre population base in the region

Corporate Presentation Strictly Business Confidential 9 Phase 1: Pengerang Independent Terminals (PITSB)

51% 49%

Phase 1E Expansion Phase 1 3 90% 10% Phase 13 Phase+430,000m 1E Expansion 1.3 mil m 3 In-Progress 1.3 mil m +430,000m3

OUR PARTNER Storage, Blending, 150 acres RM3.2 billion* Distribution of Land Area Value (~USD800 mil) 3 3 ▪ World’s Largest Crude Oil & 1.3 mil m 600,000 m Independent Tank Storage Storage Capacity Available for Expansion Service Provider Petroleum ▪ Operates in 25 Countries ▪ 66 Terminals Worldwide 3 Products 430,000 m ▪ Total storage capacity of Six berths 37.0 million cubic metres Commenced operations 2014 2019 - Phase 1E Expansion ▪ Annual Turnover Commenced Operations EUR1.252 billion (FY2019)

* Approximate

Corporate Presentation Strictly Business Confidential 10 Phase 2: Pengerang Terminals (Two) (PT2SB)

PRPCUF Johor State (Petronas) (S.S.I) 40% 25% 25% 10%

Dedicated Industrial Terminal for Refinery and Petrochemical Integrated Development (“RAPID”) Complex

3* Handling, Storage, 157 acres RM6.3 bil* 1.3 mil m Distribution of Land Area Value (~USD1.6 bil) Storage Capacity Crude Oil, Petroleum, RM * Shareholders Chemical & 5.5 bil 12 berths (~USD1.4 bil) Agreement Petrochemical EPCC by DIALOG Signed 19 Dec 2014 Feedstock, Products & By-Products Commenced Operations 2019

* Approximate

Corporate Presentation Strictly Business Confidential 11 Phase 2: Pengerang LNG2 (PLNG2)

Liquefied Natural Gas (LNG) Regasification Facilities

Petronas Gas 65% 25% 10%

Pengerang LNG (Two) Sdn Bhd

Artist’s Impression RM 2.7 Bil * 3.5 mil One unit 400,000 m3 Project Value metric tonnes p.a. of Regasification LNG Storage Tanks (~USD 675 mil) Initial Send Out Capacity Unit Capacity

Can be injected into Supplied to Signed 14 Nov 2014 Peninsular Gas Pengerang Shareholders Agreement Utilisation Pipeline Integrated System Complex Commenced Operations Nov 2017

* Approximate

Corporate Presentation Strictly Business Confidential 12 Phase 3: PCTF (Common Facilities), SPV 5 & 6 (Terminals) Common Tankage Facilities & Deepwater Marine Phase 2A/ Phase 3 + Dialog PT2SB Facilities Workshop Phase 1/ Future PITSB Development Petroleum 2B: PLNG Products & By- 3A Products MOU Signed 5 April 2018

Johor State (S.S.I)

RM * Phase 3A: Construction of tankage 300 acres 2.5 Bil 12-16 facility & Jetty 3 in progress 3 Reclamation Initial Investment Cost Berths 430,000 m Target completion: Mid-2021 Completed (~USD 625 mil)

Corporate Presentation Strictly Business Confidential * Approximate 13 Jubail Offshore Supply Base

Al Jubail Saudi Arabia

Malaysia Centralised Integrated Offshore Supply Base 4.54 hectares Land Area

Services Vessels Call Bunker Fuel & Imported Materials & Supplies – & Berthing Potable Water Stored, Assembled & Prefabricated Single-point Offshore Facilities Offshore Operation Interface with Equipments for Support Vessels Relevant Authorities Repair & Maintenance Crew Change Central Life Raft Inspection & Buoy Maintenance Centre

Corporate Presentation Strictly Business Confidential 14 DIALOG Upstream

D35 PSC Bayan Production in Mature Fields

Mature Fields Mature Fields BAYAN D35 / D21 / J4 Oilfields Services Contract (OSC) Production Sharing Contract (PSC) Halliburton Bayan Company Unincorporated Petroleum Sdn Bhd

Asia Energy Services Sdn Bhd E&P Malaysia Ventures Partners Sdn Bhd

5% 30% 40% 10%

DIALOG Interest 95% 20%

Project Duration 24 years (year 2036) 20 years (year 2034)

Enhance the recoverable reserves Field re-development and over the Bayan Fields through:- enhancement of oil recovery to Work Scope Production Enhancement commercially encourage progressive Activities, Oil Development and incremental oil development over full Prospect Appraisal life of PSC

Corporate Presentation Strictly Business Confidential 15 Integrated Technical Services

Engineering, Procurement, Construction & Commissioning

Specialist Products & Services

Plant Maintenance & Catalyst Handling Services

Fabrication

Digital Technology & Solutions

Corporate Presentation Strictly Business Confidential 16 Engineering, Procurement, Construction & Commissioning (EPCC)

Corporate Presentation Strictly Business Confidential 17 Pengerang Terminal Project

Phase 1E Expansion in progress November 2018

Corporate Presentation Strictly Business Confidential 18 Langsat Terminal Project

Overall Site View

Corporate Presentation Strictly Business Confidential 19 Specialist Products & Services Selected Customers Profile

Swellable Base Oil Automation Catalyst Solutions Elastomers

MALAYSIA THAILAND INDONESIA AFRICA MIDDLE EAST PETRONAS PTTEP PERTAMINA ANADARKO HALLIBURTON OMAN SHELL COASTAL ENERGY CONOCOPHILLIPS SHELL RAK PETROLEUM EXXON MOBIL CHEVRON BP TANGGUH BRITISH GAS MI GULF SERVICES NIPPON OIL STAR PETROLEUM CHEVRON ANA INDUSTRIES LTD MI SWACO TALISMAN ESSO SRIRACHA VICO AP OIFIELD DUBAI PETROLEUM CARIGALI HESS PTTAR PT BAKER HUGHES MI SWACO DNO PETROFAC THAI OIL PT BAROID PETROLEUM DEV OMAN MURPHY OIL PT TRIGUNA AUSTRALIA VIETNAM SAUDI BHP PETROCHINA HALLIBURTON NEWFIELD PETROVIETNAM TALISMAN MI DRILLING SABIC CPOC CARIGALI VIETNAM KALTIM 5 BAKER HUGHES CHEVRON TOTAL VIETSOVPETRO NIKO RESOURCES CHEVRON GULF FARABI CUU LONG PT MEDCO ENERGI APACHE SAHARA PETROCHEM MYANMAR JOC HALLIBURTON INDIA EXXON MOBIL PETRONAS HESS ARAMCO CHINA ESSAR OIL ONGC SHELL BANGLADESH TWINZA OIL CHEVRON CAIRN ENERGY NEWPARK PTTEP MYANMAR SHELL CHINA OILEX LTD CONOCOPHILLIPS CHEVRON PETROCHINA HOEC BEACH ENERGY JAPAN SINOPEC WOODSIE SRI LANKA NEW ZEALAND SHOWA SHELL CNOOC CAIRN ENERGY SHELL RUSSIA BRAZIL TAG OIL SEIC ROMANIA CHEVRON SCHLUMBERGER HALLIBURTON SHELL

Corporate Presentation Strictly Business Confidential 20 Plant Maintenance & Catalyst Handling Services

Corporate Presentation Strictly Business Confidential 21 Plant Maintenance & Catalyst Handling Services Plant Shutdown & Turnaround Integrated Planning & Preparation Plant Revamp, Rejuvenation Quality Environment & De-bottlenecking • Minimum Inert • Zero Dust Entry Safety Emission Long Term Maintenance • Reduced Services Attrition CATALYST UTILISATION Catalyst Handling Services Productivity Cost EPCC & Plant Improvement Efficiency Tank Cleaning, Desludging & • Speed 200 litre Repair drum/ minute Rotating Equipment Services • Reduce Catalyst Handling Duration Control Bolting / Joint Integrity Mechanical Specialist Services

Corporate Presentation Strictly Business Confidential 22 Fabrication

Corporate Presentation Strictly Business Confidential 23 Fabrication

Fabrication, Skid, Vessel Advanced Composites Heavy Engineering Design & Build Fiberglass Piping Fabrication (Offshore) System

1. Pengerang 1 2 3 2. New Zealand 3. Nilai 4. Singapore 5. Gebeng 4 5 6 7 6. Labohan 7. Brisbane

Corporate Presentation Strictly Business Confidential 24 Our Technology Partners

Corporate Presentation Strictly Business Confidential 02/09/2020 25 Financial Highlights Revenue and Profit After Tax Global Revenue Mix

4,000 700

Revenue Profit After Tax 619.6 Profit After Tax Tax After( Profit 3,500 552.3 600

3,000 462.7 Revenue FY2020: ) 500 RM 2.3 billion 2,500 373.1 400 43% 57% Revenue Generated in 2,000 285.3 301.3 Malaysia

300 RM 985 mil RM 1,318 RM’million RM’million 3,392.9 Revenue Generated 3,110.6 1,500 from Overseas 2,386.4 2,303.4 200 1,000 2,534.5 2,358.2 100

Revenue( 500 )

0 0 2015 2016 2017 2018 * 2019 2020**

Growth in Shareholders’ Equity Balance Sheet

4,500 17 Shareholders’ on Average Return ) Shareholders' Equity Return on Shareholders' Equity Average ROE for the last 5 years: 14.2%;

4,000 15.5 16 Balance Sheet Unaudited 3,500 (RM’mil) As At 14.7 Equity(“ROE”)(%) 15.9 15 30.06.2020

3,000

RM’million ( 13.6 Cash & Bank Balances 1,240 2,500 13.4 13.4 14 Borrowings 1,911 2,000 4,132.1 13 Total Assets 7.190 1,500 3,791.2 3,500.9 12 3,111.5 Shareholders’ Equity 4,132 1,000 1,979.8 2,414.7 11 500 Gross Gearing Ratio (times) 0.45

0 10 Net Gearing Ratio (times) 0.16

2015 2016 2017 2018 * 2019 2020 Shareholders’ Equity Shareholders’ * excluding FV Gain of RM65.6m (2018) and RM28.5m (2020) ** Unaudited Corporate Presentation Strictly Business Confidential 26 DIALOG’s Global Presence

China Saudi Arabia Thailand

Philippines United Arab Emirates Singapore

MALAYSIA

Indonesia Australia

Offices

Customer Network New Zealand 10 Countries & Worldwide Client Network

Corporate Presentation Strictly Business Confidential 27 The Six Pillars of Success

Strategic Business Group Business Unit Group Centralised Services Group Corporate Services Group

Business Technology Financial Reputation Risk Market Structure & Partners Strength & Track Management Timing Records

People - Passion & Commitment Our Cultures & Values

Corporate Presentation Strictly Business Confidential 28 DIALOG supports:

Corporate Presentation Strictly Business Confidential 29 Efficient, Secure and Transparent Distribution of Welfare Aid

Strictly Business Confidential 30 Compounded Growth: Total Families Aided

Help the Poor & Needy by:

▪ Providing Aid for Selected Food Items ▪ Teaching Financial Literacy & Budgeting Skills ▪ Providing Tuition & Job Training to The Children

TO BREAK THE POVERTY CYCLE

Strictly Business Confidential 31 Thank You

www.dialogasia.com

Strictly Business Confidential 32