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Fosun Invested in Cirque Du Soleil Fosun International (656.HK) 2015 Interim Results Disclaimer This presentation and the presentation materials distributed herewith include forward- looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Fosun International Limited (the “Company”) expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. The Company’s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, and other risks and factors beyond our control. In addition, the Company makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. The exchange rates used in this PPT are as of 2015/6/30 (US$/CNY=6.11 EUR/CNY=6.87 HKD/CNY=0.79 EUR/USD=1.12), unless otherwise stated. 1 2015 Interim Results Highlights 2 Business Review 3 Financial Review 4 Appendix 2 Highlight I: Further expanded the scale of insurance investable assets, profit from the insurance segment grew rapidly China Low-interest rates market such as Europe, US and Growth Momentum Japan can facilitate Fosun’s acquisitions into + Global insurance companies Resources Industry Investment Long Integration Fosun investment criteria for overseas insurance Term companies: Leading companies with significant local Capital market shares, controlling stake to be acquired, not Insurance Ecosystem necessarily large scale, priced reasonably, low cost on Low Cost the liability side, potential for increments on the Capital asset side, natural currency hedge; Stable Capital By leveraging the Group’s global investment capabilities and knowledge, the insurance segment enhanced its compliant regulated return significantly. Fosun’s insurance segment’s attributable total (2) investment equity returns 4.0% (non-annualized) in The scale of investable assets continued to expand, (1) (3) 1H2015, up from 2.7% in 1H2014. ROE (non- profit attributable to the parent grew significantly annualized) of insurance segment was 12.8% in RMB mn (4) 1H2015. Attributable Investable assets 2,391 Investable Assets Further diversified currencies breakdowns Profit attributable to shareholder parent for investable assets in 1H2015 1,872 240,697 1,789 1.4% 1.4% 174,652 1.6% EUR 142,745 152,409 5.5% 1,149 USD 104,130 CNY 94,466 106,785 10.1% 45.2% 524 HKD 79,809 GBP 13,392 JPY 5,481 Other 2013 2014 1H2015 1H2015 1H2015 34.8% Notes: (Simulation I) (Simulation II) 1. Before non-controlling interests 2. Total investable assets before attributable to parent 3. In 1H2015, Fosun’s insurance segment included subsidiaries of Fosun Portugal Insurance, PeakRe, JV Pramerica-Fosun Life & associated company Yong’an & Ironshore. Fosun & MIG entered into purchase agreement on 30 Dec 2014 and completed on 8 Jul 2015. Fosun & Ironshore signed Merger Agreement on 1 May 2015, to acquire the remaining 80% equity interest, and Fosun & Phoenix Holdings Ltd. entered into Share Purchase Agreement on 21 Jun 2015. These two transactions are pending for completion. 3 4. “1H2015 Simulation 1” = Simulation of Fosun’s completed its acquisition of MIG; “1H2015 Simulation II” = Simulation of Fosun’s completed acquisition of MIG, remaining 80% equity interest of Ironshore and 52.31% equity interest of Phoenix Holdings Highlight II: Focusing on human demands for health and happy lifestyle, layout and integration of global ecosystem to expand industry scale rapidly CIPC new investment model is targeting at clients of Healthcare middle-class families and high net worth individuals. Fosun focuses on their (1) demand for health and happy lifestyles to invest in two industrial ecosystems Happy Lifestyle in the world. Meanwhile, Fosun made fresh and venture-capital investments, endeavors to enhance the health & happy lifestyle segments: Assets-end product as experiencing services and liability-end product as finance services; to provide products that astonish customers and create greater value for clients, maintaining frequent transactions Health and happy lifestyle segments grew rapidly (2) Total Assets Net Assets RMB mn 69.6% 60,119 31.0% 28,205 21,536 35,445 17.0% 11.3% 32.0% 29.9% 1H2014 1H2015 1H2014 1H2015 Operating Revenue Profit Attributable to 宁波CCRC养老社区 Owners of the Parent 复地社区健康中心 7,320 33.0% 36.1% 788 5,502 579 24.6% 21.8% 22.2% 31.6% 1H2014 1H2015 1H2014 1H2015 1H2014 Contribution ratio (%) 1H2015 Contribution ratio (%) and Amount and Amount Zhejiang Internet Commerce Banking Co., Ltd. (2) (2) Cirque du Soleil Global 2015.3.20 2015.5.3 2015.6.21 2015.7.7 2015.7.20 2015.7.24 2015.3.6 2015.4.20 2015.5.21 2015.6.25 Integration (2) 2015.7.8 Note： 1. Happy business is a management operation concept 2. Thomas Cook established a JV in China in which Fosun holds a 51% interest. Fidelidade holds 98.4% of Luz Saude. The H&A offer already received acceptance from 80% of the shareholders. 4 Fosun holds 100% in MIG Highlight III: Continued to optimize assets structure, substantial increase in light assets with weak cyclical business in finance and happy lifestyle, continuously lowered net gearing Endeavored to enhancing the Group and insurance Integrated Finance, Health and Happy Lifestyle Segment platforms’ ratings and performance RMB mn 21.45% 4,149 Fosun Mainly focus on taking controlling stakes in 45.6% 59.5% 859.3% International insurance companies & finance institutions 230,033 38,095 and help them beef up their core capital 13,098 (Group’s Initialize funds for cornerstone investments 189,400 1H2014 platform) Very exclusive strategic greenfield projects Contribution Ratio 26,164 (1) (%) and Amount 8,158 100.2% Holding’s Listed 65.1% 40.4% 44.0% 1H2015 Industrial Integration of global industrial ecosystem 60.5% Contribution Ratio Taking controlling stakes in companies 38.8% Companies’ 32.9% (%) and Amount Platform 433 Insurance Fixed income 23.6% Equity interest Companies Properties Total Asset Net Asset Operating Revenue Profit Attributable to Platform Cash Progresses in major investments in financial institutions Owners of the Parent Invests in limited shareholdings Zhejiang Internet Commerce Banking Co, Ltd. -- One of the first privately run commercial banks Funds VC, PE, public funds, mutual funds, mother in China, and officially commenced to operation. Fosun, as the second largest shareholder, owns Platform funds, special funds, local real estate funds 25% stake; Phoenix Holdings Ltd -- Financial holding company; Fosun will acquired 52.31% equity interest Group’s net gearing of Phoenix. Phoenix ranked fourth and third in terms of market share in life and non-life ROE rose significantly ratio continue to drop insurance in Israel, respectively. Its total assets amounted to NIS101.34 billion (approximately USD26.02 billion) 12.9% 80.9% Ironshore – Global specialty insurance company; Fosun has acquired 20% stake in Ironshore and 8.8% 86.0% 63.5% will acquire the remaining 80% equity interest. Ironshore investable assets reached to approx. USD5 bn as at 30 Jun 2015 73.3% Hauck & Aufhäuser -- One of the biggest private banks in Germany. Fosun will acquire 100% equity interest of H&A. H&A’s total asset amounts to EUR3 billion and its total assets under 2013 1H2014 2014 1H2015 1H2014 1H2015 management and custody amount to approximately EUR43 billion as at 31 Dec 2015 Guangzhou Fosun Yuntong Small Loan Co., Ltd-- Internet small loan company; Fosun takes a Equity increased total of approximately 68% interest through its subsidiary; Obtained nationwide operating For the 6 months ended 30 Jun 2015, Fosun International license with a total registered capital of RMB200 mn equity increased by 838 mn shares to 7.731 bn shares, in BHF Kleinwort Benson Group SA -- controlling company of a commercial banking group, wholly which of 499 mn new issued shares and 339 mn owns one of the biggest private bank in Germany -- BHF-BANK & England private banking convertible bond shares; So far in2015, completed 4 IPO, Kleinwort Benson. Fousn will acquire more than 50% of its equity interest. BHF Kleinwort Benson and 2 backdoor or merger listings (2) Group has its asset under management of EUR54.2 bn. By leveraging the leading experiences from overseas private bank to connect with the increasing leveraging activities of Chinese family, Encouraged subsidiaries keep high dividend ratio Fosun will further enhance its assets management business. In 1H2015, Fosun received dividend form subsidiaries amounted to RMB769 mn (including dividend from industrial subsidiaries amounted to RMB409 mn) From 2004 to 2013(3) , the dividend payouts to the Group averaged 33.41% of the attributable earnings of the industrial subsidiaries Year 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Dividend Ratio 83.22% 85.14% 85.84% 41.76% 33.70% 43.27% 22.66% 23.62% 24.26% 21.34% 1. The denominator is the net profit attributable to the parent of integrated financial segment plus which of industrial segment, before deducting headquarters costs. 2. Equity shares increased by 12mn to 7.743 bn shares 5 as at 31 Jul 2015; 3. Dividend of 2014 is yet to receive in 1H2015, the dividend payout ratio cannot be calculated. Highlight IV: Fully embrace the Internet, establish an Internet CIPC ecosystem, promote the Star Plans In 1H2015, Fosun Int’l and its managed funds added RMB1.83 billion in new internet investment assets Adhere to the “industry’s leader or uniqueness principle” Fosun’s VC team invested in 1H2015: dianping.com, ximucredit, mochasoft, Tapingo, tianpingpai, 8dol, Styleseat, 100njz, bochewang, Jpush, Molbase, ruiwen, Chosen, aiwan, Datebao, for RMB380 million in aggregate Zhejiang Internet Commerce Banking Co, Ltd.: The second largest shareholder with a 25% interest the first batch of pilot private banks in China, core system hosted on the finance cloud, use internet and big data edges to serve micro and small enterprises, Guahao: Major mass consumers, rural operators, farmers and small and medium financial institutions.
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