AQUILAS Creating Market Value1 Operations Review

4Q20 Corporate Presentation 7 July 2020

IR Adviser: AQUILAS Creating Market Value1 Operations Review

Financial Performance

RecentGrowth Developments Strategies

CONTENTS Growth Strategies

Investment Merits & Valuation

Appendix

2 Operations Review

3 Strong growth across all segments in FY20 provides an enhanced base

FY2020 FY2019 Change (RM‘m) (RM‘m)

Industrial Properties

New sales 146.1 87.6 66.8% Unbilled sales 105.6 51.8 103.9%

Ongoing GDV 2,682.0 2,007.0 33.6%

Balance GDV 1,467.0 1,169.0 25.5%

Investment Properties

i-Stay revenue 9.6 6.4 49.4%

Leasing revenue 25.0 15.1 65.8%

Construction & Engineering

Balance orderbook 309.3 107.9 186.7%

KEY STATISTICS 4 Phase 3 of the award-winning i-Park@Indahpura well received… newly acquired Plot 108 adds on RM120m to GDV

Overview: i-Park@Indahpura (Phase 3) Overview: i-Park@Indahpura (Plot 108) • 50%/50% owned by AME Group & • 100% owned by AME Group Axis IE Sdn Bhd • Ready infrastructure allows for quick • Expansion of the highly successful, award- turnaround of land to generate sales winning i-Park@Indahpura • Total GDV: RM120 million (Phase 1 & 2) • Acreage: 15.0 acres • Total GDV: RM456 million • Acreage: 85.4 acres Description of Units (Plot 108) • 2 under development detached Description of Units (Phase 3) factories Phase 3 • 21 completed detached factories • 14 under development detached factories

Leased Sold 19% Sold (4.5 ac) 30% Unsold 36% 50% Booked Sold 70% 81% Leased 14% Notes: Completed Under Development Under Development 1. Figures as at 31 March 2020 21 units 14 units 15 acres INDUSTRIAL PARK DEVELOPMENT (ONGOING PROJECTS) 5 AME’s latest industrial park developments targeting completion by 2025

Overview: Overview: i-Park@Senai Airport City (Phase 1 & 2) i-Park@Senai Airport City (Phase 3)

• 3rd and latest i-Park development • Commenced in 4Q FY20 • Built with industrial factories, workers’ • 80% owned by AME Group dormitories, sports and recreational facilities • Total GDV: RM555 million • 80% owned by AME Group • Acreage: 76.6 acres • Total GDV: RM717 million • Acreage: 98.1 acres Description of Units (Phase 3) • 36 units/plots of 1½ storey Description of Units (Phase 1 & 2) detached factories • 51 units/plots of 1½ storey semi-detached and detached factories • 48 units of retail shops Sold * Leased Unsold 3% 3% 11% Unsold Leased 22% 30% Leased 5% Sold Sold 59% 73% Unsold 94% * Sold a piece of 7-acre land in 3Q Notes: Completed Under Development Under Development FY20; awaiting award of building 1. Figures as at 31 March 2020 37 units 62 units 36 units contract INDUSTRIAL PARK DEVELOPMENT (ONGOING PROJECTS) 6 i-Park developments new sales reach record high of RM145 million in FY20… Q4 sales lower due to domestic and foreign travel restrictions amidst Covid-19

Projects GDV (as at 31 March 2020) New Sales Commencement/ Total/ % Sold/ Sold Balance Unbilled Type of Development Acres Units Completion Est. Total Leased (RM’m) (RM’m) (RM’m) (CY) (RM’m) 146.1 4Q: 8.7 Completed 87.6 Industrial factory 4Q 2011/ 3Q: 73.8 i-Park@SiLC 12.3 19 100 80 65 15 (Gated & Guarded) 4Q 2013

2Q 2014/ 48.6 District 6 Industrial factory with office 7.6 6 50 86 13 73 3Q 2015 2Q: 28.0

Industrial factory, commercial i-Park@Indahpura 4Q 2011/ 1Q: 35.6 development and dormitory 104.8 64 95 600 361 239 (Phase 1 & 2) 4Q 2016 (Gated & Guarded) FY2018 FY2019 FY2020 Industrial factory and commercial 1Q 2013/ SME City 40.0 86 100 192 192 - development 2Q 2015

Ongoing

Industrial factory 1Q 2013/ i-Park@Indahpura (Phase 3) 85.4 35 80 456 346 (2) 110 (Gated & Guarded) 2023 Status of Project Properties

Industrial factory, commercial i-Park@Senai Airport City 1Q 2017/ development and dormitory 98.1 51 82 717 344 (2) 373 49 (Phase 1 & 2) 2025 (Gated & Guarded) 70.0% 299 industrial factories & 48 retail shops Commercial development 1Q 2019/ The Jacaranda 13.9 48 81 68 53 15 24 (Retail Shops) 2021 i-Park@Senai Airport City Industrial factory 1Q 2020/ 76.6 36 6 555 22 (3) 533 22 (Phase 3) (Gated & Guarded) 2025 17.6% Industrial factory 2Q 2020/ 10.4% 2.0% i-Park@Indahpura (Plot 108) 15.0 2 30 (1) 120 11 (3) 109 11 (Gated and Guarded) 4Q 2021 243 36 7 61 Total 453.7 347 2,874 1,407 1,467 106 Sold Leased/Tenanted Unsold Unsold (Ongoing) Notes: 1. Based on acreage of existing land sold (Completed) 2. RM45m / RM40m building works included in construction segment respectively 3. Building contract has yet to be awarded GROSS DEVELOPMENT VALUE (GDV) BREAKDOWN 7 Construction and engineering segments remain resilient with strong orderbook and replenishment…

Orderbook Replenishment Construction & Engineering Services Orderbook Breakdown (as at 31 March 2020) (Construction)

399.9 Total Remaining Commencement Completion Contract Contract Description of Projects Location Date Date 257.8 Value Value (CY) (CY) (RM’m) (RM’m) 62.5 Construction Services

A single-storey warehouse and FY2018 FY2019* FY2020 a two-storey factory unit and warehouse Selangor 3Q 2019 2Q 2021 282.9 235.6 * In tandem with greater emphasis on industrial property with a six-storey office block development activities and roll-over of outstanding orderbook from previous financial year Engineering Services

Precast works for a residential flat Orderbook Replenishment development comprising two blocks of Singapore 3Q 2018 2Q 2020 31.1 5.4 (Engineering) apartment 54.8 Precast works for train depot expansion Singapore 2Q 2019 3Q 2021 17.4 14.5 52.3 Others - - - 107.0 53.8 22.1 Total 438.4 309.3

FY2018 FY2019 FY2020 CONSTRUCTION & ENGINEERING ORDERBOOK BREAKDOWN 8 Witnessing trend of more companies leasing industrial properties for 5 years and above.. Contributing to stable and recurring income for AME

Property Leasing Property Leasing Revenue

• Leasing of industrial properties 65.8% • Recurring income generated through regular 25.0 payments made under leasing agreements 15.1 9.6 9.4 7.7

FY2016 FY2017 FY2018 FY2019 FY2020

Tenure of 36 Tenanted/Leased Units

Less than 5 5 years and years above 44% 56%

Note: Figures as at 31 March 2020 PROPERTY LEASING 9 Workers dormitories remaining high demand… i-Stay@Indahpura marking sharp increase in occupancy from 3Q20 on increased i-Park tenancies

Rental of Workers’ Dormitories

• Workers’ dormitories rented to customers and tenants of industrial i-Park@Indahpura i-Park@Senai Airport City parks as accommodation for workers Capacity 3,206 beds • Management and maintenance of the Capacity 2,572 beds No. of units/beds 229 units (max. 14 beds each) dormitories are also provided No. of units/beds 1) Type 1: 170 units (max. 14 beds each) Avg. size per unit 881.5 sq ft 2) Type 2: 16 units Commenced Phase 1 - January 2014 (max. 12 beds each) Phase 2 - April 2015 Revenue from Rental of Workers’ Avg. size per unit 1) Type 1: 1,161.5 sq ft Term of tenancy 1 – 5 years 2) Type 2: 841.9 sq ft Dormitories (RM’m) Avg. rental per unit RM2,475 per month Commenced Phase 1 - May 2019 49.4% Phase 2 - July 2019 Occupancy rate 95% 9.6 10.0 Term of tenancy 1 – 3 years 5.2 6.0 6.4 5.0 3.7 Avg. rental per unit 1) Type 1: RM2,633 2) Type 2: RM2,322 0.0 Note: Figures as at 31 March 2020 FY2016 FY2017 FY2018 FY2019 FY2020 Occupancy rate 81% RENTAL OF WORKERS’ DORMITORIES 10 Financial Performance

11 FY20 expanded double-digit on increased property sales and larger construction projects

Key Highlights Revenue by Segment

17.9% 24.3%

FY2020 FY2019 YoY 9.1% (RM’m) (RM’m) Change Change 48.7%

Revenue 380.3 339.0 12.2% FY2020

PBT 88.7 72.6 22.2% Industrial Park Development Property Investment & Management Services Construction Services PATMI 63.7 47.3 34.6% Engineering Services

FINANCIAL HIGHLIGHTS 12 Recording all round growth in FY2020… consistent uptrend indicative of favourable product mix and rising demand for AME’s industrial properties and services

Revenue and Gross Margin Profit and Margins

RM’m RM’m

31.6% 27.9% 24.9% 23.3% 27.4% 27.7% 21.4% 27.2% 16.5% 20.8% 19.3% 14.0% 16.8% 13.1% 21.7% PBT 22.2% yoy PBT 33.3% yoy 12.2% yoy 42.0% yoy

PAT 34.6% yoy PAT 6.3% yoy

98.1

69.1

249.2 299.0 341.3 339.0 380.3

41.1 32.6 74.5 57.7 95.2 71.0 72.6 47.3 88.7 63.7 30.2 15.8 20.1 14.8

FY2016 FY2017 FY2018 FY2019 FY2020 4Q19 4Q20 FY2016 FY2017 FY2018 FY2019 FY2020 4Q19 4Q20

Revenue Gross Profit Margin PBT PATMI PBT Margin PATMI Margin

• FY20 higher profits due to: ➢ Stronger sales of industrial properties and commercial shop lots, increased rental income, as well as larger contribution from construction and engineering projects ➢ RM10.6 million of fair value gains on investment properties net of share of minority interest and tax ➢ Share of profit from joint venture amounting to RM5.2 million FINANCIAL INDICATORS 13 Growth prospects remain bright on the back of robust demand for industrial properties and managed services

Property Development

RM’m • 4Q20 revenue 78.2% yoy, operating profit 4.0% yoy 85.4 92.3 • FY20 revenue 114.0% yoy, operating profit 209.4% yoy 37.2 43.1 22.6 15.1 18.3 • Higher revenue recognition from industrial properties 12.77.4 5.9 7.1 and commercial shop lots FY2016 FY2017 FY2018 FY2019 FY2020 4Q19 4Q20 Revenue Operating Profit

Property Investment & Management Services *Operating profit includes fair value gains • 4Q20 revenue 57.8% yoy, operating profit 36.8% yoy on investment properties before share of minority interest of RM16.4m in FY19 and 32.2 34.6 39.1 RM13.5m in FY20 • FY20 revenue 60.9% yoy, operating profit 21.5% yoy 21.5 14.8 15.4 18.5 11.4 9.4 11.7 5.9 • Additional factory units leased and higher rental income from workers’ dormitories FY2016 FY2017 FY2018 FY2019* FY2020* 4Q19 4Q20 Revenue Operating Profit FINANCIAL SEGMENTATION 14 Increasing recurring income from investment properties and managed services enhances earnings sustainability

Revenue Breakdown of Property Investment & Management Services Segment

Leasing Revenue 65.8% Leasing Revenue 54.5% yoy yoy

Dormitory Revenue 49.4% Dormitory Revenue 66.5% yoy yoy Segment Revenue 60.9% Segment Revenue 57.8% yoy yoy RM’m 34.6

9.6 21.5

14.8 15.4 6.4 11.4 9.4 5.2 6.0 25.0 5.9 3.7 15.1 1.6 2.8 7.7 9.6 9.4 4.3 6.6 FY2016 FY2017 FY2018 FY2019 FY2020 4Q19 4Q20

Leasing of Industrial Factories Dormitory Rental & Management RENTAL INCOME BREAKDOWN 15 Construction and engineering segments benefiting from higher-margin projects

Construction Services RM’m 233.7 • 207.0 214.0 4Q20 revenue 5.6% yoy, operating profit 9.7% yoy 185.2 158.0 • FY20 revenue 20.7% yoy, operating profit 17.5% yoy

44.8 28.9 34.0 42.5 • Lower revenue due to the timing of construction 5.1 5.6 projects, with newly-secured projects at initial stage FY2016 FY2017 FY2018 FY2019 FY2020 4Q19 4Q20 • New construction projects with higher profit margins Revenue Operating Profit offset decrease in revenue

Engineering Services RM’m • 4Q20 revenue 165.6% yoy, operating profit 106.6% yoy

64.8 68.2 • FY20 revenue 67.6% yoy, operating profit 13.3% yoy 40.0 40.7 26.4 21.3 • 4.7 5.3 8.0 2.0 Higher revenue from steel engineering and precast (0.1) concrete, as well as mechanical and engineering works FY2016 FY2017 FY2018 FY2019 FY2020 4Q19 4Q20 • Profit growth driven by higher profit margins for Revenue Operating Profit mechanical and engineering works FINANCIAL SEGMENTATION (CONT’D) 16 Healthy financial position with low gearing level… well poised to undertake landbanking and expansion activities

RM’m 0.45

0.30 0.28

0.14

Net Cash

191.8

73.9

109.8 283.2 304.5 107.2 308.1 250.9 111.2 369.1 219.7 406.4 215.8 102.5 633.5

FY2016 FY2017 FY2018 FY2019 FY2020 Shareholders' Equity Total Borrowings Cash and Cash Equivalents Gearing Ratio

FY2016 FY2017 FY2018 FY2019 FY2020 (RM' m) (RM' m) (RM' m) (RM' m) (RM' m) Current Assets 324.0 511.3 487.3 475.1 672.4 Non-Current Assets 196.9 285.2 370.2 418.3 478.6 Current Liabilities 143.1 237.1 252.0 242.4 197.5 Non-Current Liabilities 73.3 232.0 209.8 214.3 284.8 Shareholders' Equity 304.5 308.1 369.1 406.4 633.5 Net Gearing Net Cash 0.45 0.30 0.28 0.14

BALANCE SHEET HIGHLIGHTS 17 Increasing investment properties providing enhanced value and growth

As at 31 March No. of units 2016 2017 2018 2019 2020 Investment properties(1) - i-Park@SiLC 3 3 3 3 3 - i-Park@Indahpura 5 8 8 8 8 - District 6 1 2 2 2 1 - i-Park@Senai Airport City - 12 14 14 22 Total investment properties 9 25 27 27 34

Inventory units(2) - i-Park@Indahpura 8 (3 leased) 4 (3 leased) 4 (4 leased) 4 (4 leased) 3 (3 leased) - District 6 5 4 4 4 4 (1 leased) - i-Park@Senai Airport City - - 1 (1 leased) 7 (3 leased) 8 (4 leased) Total inventory units 13 8 9 15 15

Workers’ dormitories - i-Park@Indahpura 1 1 1 1 1 - i-Park@Senai Airport City - - - 1 1 Total workers’ dormitories 1 1 1 2 2 Total units 23 34 37 44 51 Valuation (RM’m) Investment properties 84.36 171.85 237.00 278.80 344.27 (market value)

Note: Inventory units (cost) 66.19 48.95 55.35 85.52 92.87 1. Being investment Workers’ dormitories 26.05 25.59 25.42 57.64 59.66 properties held for lease (cost) 2. Being completed properties held for sale Total 176.60 246.39 317.77 421.96 496.80 INVESTMENT PROPERTIES, INVENTORY UNITS & WORKERS’ DORMITORIES 18 Declares maiden interim dividend of 3.0 sen in respect of FY2020

Dividend Per Share (sen) • Dividend Policy

To distribute dividends of at least 20% of net profit attributable to our Shareholders less fair value gain on 3.0 investment properties

FY2020 • Declared maiden interim dividend of 3.0 sen/share in respect of FY2020 Dividend Payout (RM’m) Total dividend payout of RM12.8 million 25% Ex-Dividend Date: 29 July 2020 Payable Date: 18 August 2020 12.8

FY2020

DIVIDENDS 19 Recent Developments

Strictly Private & Confidential 20 AME’s latest i-Park@Senai Airport City win shows MNCs’ increased supply chain diversification to include Southeast Asia

Constructing high-performance factory for Enics AG

• AME announced on 16 June 2020 that it is constructing Switzerland-based EMS player Enics AG’s first Southeast Asia manufacturing site in i-Park@Senai Airport City

• To build a new 10,000 square meter floor space high performance/high-volume industrial electronics factory

• This is Enics’ 8th factory, complementing its plants in Europe and China

• Type: 1 & ½ storey detached factory Artist impression of detached factory at i-Park@Senai Airport City • Operational (estimate): Early-2021

NEW CONSTRUCTION AWARD 21 Enhancing range of integrated industrial space solutions… solar energy solutions to bring added value to industrial plants and buildings in i-Parks and externally

Forming joint venture for solar energy solutions

• On 25 June 2020, AME announced a joint venture by its subsidiary Symphony Square Sdn Bhd (SS) with Baozhou New Energy Technology Sdn Bhd (BNET) on 51% - 49% basis

• JV Activities • Solar panel installation • Connectivity to Net Energy Metering (NEM) grid • Distribution of solar panels and solar tracking systems • Engineering, Procurement, Construction, and Commissioning (EPCC) of Grid Connected Solar Photovoltaic projects for commercial/industrial buildings • Development, investment, management, operation and maintenance of solar energy systems • Large scale and floating solar farm projects • EPCC projects in renewable energy sector

• Industry Outlook and Tax Incentives • Solar energy plays important role in Malaysia’s efforts to increase renewable energy generation from 2% in 2018 to 20% by 2025 • Budget 2020 includes Green Investment Tax Allowance (GITA) and Green Income Tax Exemption (GITE) applicable till 2023

SOLAR ENERGY SOLUTIONS JV 22 Growth Strategies

Strictly Private & Confidential 23 Attracting more MNCs to enhance status as a leading player in industrial parks & construction of industrial facilities…

No. of beds for workers’ dormitory

8,474

5,778

3,206

FY2016 FY2020 FY2022

AcquiringComplete new the landbanks Expanding precast Increasing workers’ Enhancing long term and embarking on concrete production dormitories capacity, recurring income from developmentpotential joint ventures of capacity via new facility providing transportation leasing of industrial to ongoingreplicate industrial to meet growing demand arrangements, food properties and rental industrialpark business park model in catering, medical from workers dormitories other states of Peninsular provisions, etc. projectsMalaysia and increase our portfolio of industrial

GROWTH STRATEGIES 24 Investment Merits & Valuation

Strictly Private & Confidential 25 Ambitious expansion plans and proven track record… AME a class of its own

Share Price Performance Integrated construction & engineering capabilities 14-Oct 2019 to 3-Jul 2020 AME

Niche specialisation in developing and RM1.69 3 July 2020 managing industrial parks

RM1.30 Experienced management team with in- Listing 14 Oct 2019 depth industry know-how

Valuations @ 3 July 2020 Beneficiary of US-China trade tensions Share Price (RM) 1.69 Market Cap (RM 'm) 721.8 Strong recurring income from i-Stay worker P/E (ttm) 11.3 dormitories and industrial properties leasing to be enhanced by new solar energy venture P/B 1.1

INVESTMENT MERTIS & VALUATION 26 Thank You

IR Contacts: • Mr. Gregory Lui [email protected]

• Mr. Terence Loo [email protected]

27 Appendix

28 Integrated business model featuring one-stop industrial space solutions…

Industrial Park Property Investment and Construction Services Engineering Services Development Management Services

• Development of industrial • Construction of large • Steel engineering works • Property investment parks manufacturing plants and • Precast concrete works • Rental and • Sale or lease of industrial industrial properties • M&E engineering services management of factory units • Solar energy solutions workers' dormitories

BUSINESS OVERVIEW 29 25 years of being part of the country’s industrialisation…

• Completed development • Listing on of i-Park@Indahpura the Main (Phase 1 & 2) in 4Q 2016 Market of • Commenced M&E • Launched • Launched • Commenced rental and Bursa engineering business i-Park@SiLC in 4Q i-Park@Indahpura management services Malaysia • Provides servicing, 2011 (Phase 1 & 2) in 4Q • Operates and Securities maintenance and • A maiden industrial 2011 maintains workers’ Berhad installation of fire park development dormitories • Acquired protection systems project Plot 108

1996 2011 2014 2016 2019

1995 2008 2013 2015 2017 2020

• Launched i-Park@Senai • Commenced • Entered into • Commenced • Commenced steel Airport City (Phase 1 & development of joint venture to • Commenced precast 2) in 1Q 2017 through i-Park@Senai provide solar construction business engineering business • Through Axis AME IP, • Completed concrete business i-Park Development Airport City (Phase energy • Construction of • Fabrication of launched SME City in development of 3) in solutions and customised large structural steel frame 1Q 2013 i-Park@SiLC in 4Q 1Q 2020 EPCC for manufacturing plants and steel piping 2013 and industrial buildings system works renewable in Johor energy projects

HISTORICAL MILESTONES 30 A pioneer in building state-of-the-art industrial parks…

Completed Ongoing

Total GDV Total GDV Total GDV Total GDV Total GDV RM80 million RM86 million RM192 million RM1,176 million RM1,340 million

Area Area Area Area Area 12.31 acres 7.57 acres 40.00 acres 205.24 acres 188.59 acres

Completion Completion Completion Target Completion Target Completion 2013 2015 2015 2016 (Phases 1 & 2) 2025 2023 (Phase 3) Location Location Location 2021 (Plot 108) Location SiLC, Johor SiLC, Johor Indahpura, Johor Senai Airport City, Johor Location Indahpura, Johor INDUSTRIAL PARK DEVELOPMENT (OVERVIEW) 31 Extensive experience in the design and construction of large industrial facilities…

Completed projects (selected) Large Manufacturing Facilities Industrial Buildings

Consumer & Food Products Consumer & Food Products Oil & Gas Related Completed >200 large manufacturing plants and industrial buildings in Peninsular Malaysia

Electronics Oleo-Chemical Aerospace Components

RM280.1 million outstanding external construction order book

Note: Figures as at 31 March 2020 CONSTRUCTION SERVICES (OVERVIEW) 32 Engineering capabilities create synergy…

Steel engineering works

• Structural steel works • Steel frame works ✓Scope of work includes structural steel procurement, • Piping system works fabrication and engineering works • Fabrication of mechanical ✓More than 20 years of extensive experience equipment frameworks

Precast concrete works • Manufacture of precast concrete products ✓Leading specialist and provider of Mechanical and Electrical • Supply and installation of (M&E) engineering services precast concrete products ✓Industry clients include oil and gas, warehouses, real estate solution, industrial, pharmaceutical, hotel and residences

M&E engineering services • Design, supply and installation of RM29.2 million M&E engineering systems in: Outstanding external order book ✓ Industrial ✓ Residential ✓ Commercial buildings Note: Figures as at 31 March 2020 ENGINEERING SERVICES (OVERVIEW) 33 Experienced management team with in-depth industry know-how…

BOARD OF DIRECTORS 34 Experienced management and proven track-record form a strong foundation…

Recurring income from rental of Expertise in construction and Provider of a comprehensive suite workers’ dormitories and leasing engineering services of industrial solutions option at industrial parks

Proven track-record of attracting Possess the capability and Experienced and hands-on businesses and investments and credentials to replicate business management team providing desirable amenities at model outside Johor industrial parks

COMPETITIVE STRENGTHS 35 Majority of proceeds to be utilised to expand burgeoning property development segment…

Actual Balance Estimated time frame utilisation unutilised for utilisation Purposes RM’000 % as at as at 31.03.20 31.03.20 (from listing on (RM’000) (RM’000) 14 Oct 2019) I. Future industrial property development and investment 69,050 62.2 - 69,050 Within 36 months projects including land acquisitions and joint ventures

II. Working capital for i-Park@Senai Airport City 23,000 20.7 23,000 development project • Partially fund construction of clubhouse 9,000 • Payment to external consultants and 12,000 - Within 12 - 36 months contractors to commence development of Phase 3 • Marketing expenses 2,000 III. Complete the expansion of precast concrete 9,000 8.1 - 9,000 Within 12 months fabrication capacity

IV. Estimated listing expenses 10,000 9.0 8,656 1,344* Within 6 months

Total 111,050 100.0 8,656 102,394

*As the actual listing expenses incurred is lower than the estimated amount of RM10.0m, the balance will be used for working capital for i-Park@Senai Airport City UTILISATION OF IPO PROCEEDS 36 Strong presence in key industrial areas in Johor…

INDUSTRIAL PARK DEVELOPMENT (LOCATION OF INDUSTRIAL PARKS) 37 Attractive world-class amenities promote safety and work-life balance for next- generation enterprises…

Functionality, Sustainability and Practicality

Sustainable and Well- managed Speedy Fibre Optic GBI Industrial Delivery High Speed Standards Park Broadband

Smart Community RFID Sticker Access i-Park’s Recreational Park Application Multi-tiered Security System 24 Hours Gated & Perimeter Fencing Guarded Security with CCTV System Surveillance

High Flexible and Ready-Built & Ample of Electric Functional Built-to-Suit & Water Supply Industrial Building Gym & Sports Centre Games Court Swimming Pool Natural Gas Workers Availability Dormitories

INDUSTRIAL PARK DEVELOPMENT (FACILITIES & AMENITIES) 38 Attracting multinational customers from high value industries…

MULTINATIONAL CLIENTELE 39 AME & the i-Park brand recognised locally and globally…

2016 - 2017 2017 - 2018 2018 2019

AWARDS 40 Completed industrial park projects recorded excellent sales…

Overview: i-Park@SiLC Overview: District 6

• AME’s 1st industrial park development project • Row of industrial buildings, comprising • Gated & guarded industrial park detached factory units built with modern • Well-managed landscaping at common areas architecture design • 100% owned by AME Group • 100% owned by AME Group • Total GDV: RM80 million • Total GDV: RM86 million

Description of Units Description of Units • 18 units ½ storey semi-detached factories • 6 units single-storey detached factories with (ready-built) adjoining 3 storey offices • 1 unit 1½ storey detached factory (customised)

Sold Unsold 17% Sold Leased 50% 84% 16% Leased 33%

Note: Figures as at 31 March 2020 INDUSTRIAL PARK DEVELOPMENT (COMPLETED PROJECTS) 41 Completed industrial park projects recorded excellent sales…

Overview: i-Park@Indahpura Overview: SME City (Phase 1 & 2) • Ready-built units with modern architecture • AME’s 2nd i-Park development design • Built with 5 blocks of workers’ • Mainly catering towards SME businesses dormitories • Green landscaping around the industrial • An award-winning industrial park park • 100% owned by AME Group • 50%/50% owned by AME Group • Total GDV: RM600 million & Axis IE Sdn Bhd • Total GDV: RM192 million Phase 1 & 2 Description of Units • 18 units ½ storey semi-detached Description of Units factories (ready-built) • 15 units of ready-built 1½ storey detached • 27 units ready-built 1 acre 1½ storey factories detached factory • 34 units of ready-built 1½ storey semi- • 14 units of ready-built 2 acres 1½ storey detached factories detached factory • 36 units of ready-built 1½ storey • 3 plots for future customised Leased cluster factory Sold 16% Sold industrial development 79% Unsold • 1 plot for future commercial 100% Note: 5% development Figures as at 31 March 2020 INDUSTRIAL PARK DEVELOPMENT (COMPLETED PROJECTS- CONT’D) 42 A pivotal role in ensuring successful completion of projects…

Pali Senai Sdn Bhd AME Development Sdn Bhd

Completion November i-Park@Indahpura 2016 Total weight 1,750 tons

Max height 16m

Bahru Stainless Sdn Bhd

i-Park@SiLC IBP@SiLC Rack system, electrical room, ANP, bay structure, etc.

Phase 1 Phase 2

Completion June July 2011 2012 Total 2,960 4,210 weight tons tons District 6@SiLC i-Park@Senai Airport City Max height 25m 25m • Project period: 2011 – to date • Single & double-storey twin factories, warehouses, mezzanine floor office ENGINEERING SERVICES (FLAGSHIP PROJECTS) 43 Comfortable and healthy living environment for enhanced productivity…

Biometric Security System Covered Pedestrian Walkway Canteen

Clinic & First Aid Room Convenience Store Cashless Payment Method

• Walking distance to workplace • Reduce cost of workers' transportation • Covered walkway between i-Park and worker’s dormitories Bicycle Stand Mobile Phone Store • Increase productivity • Safe & secure environment • Healthy living • Reduced social problems

Multi Purpose Hall Ladies Park & Vending Machine Automated Laundry Shop

RENTAL OF WORKERS’ DORMITORIES 44 Second workers’ dormitory equipped with more comprehensive amenities…

Biometric Security System RBA Compliance Multipurpose Hall

Clean & Green Environment First Aid Room Convenience Store

A well-managed workers’ dormitories will improve the productivity of workers as well as to reduce social related problems.

• Walking distance to workplace • To provide a safe & secure environment • To ensure healthy-living • To offer convenience • First three blocks completed in March 2019 Automated Laundry Shop Cafe Conducive Living Environment • Another two blocks completed in June 2019

RENTAL OF WORKERS’ DORMITORIES (CONT’D) 45 Macroeconomic drivers of industrial property and construction services…

Manufacturing’s GDP contribution (RM billion) Malaysia has:

10 seaports 28 airports

handling incoming and outgoing containers and cargo Growth in 2013 2018 Well-developed manufacturing sector infrastructure Johor as an attractive investment Investments in manufacturing sector destination: ✓ Well-developed 2018 total approved investments RM 87.4 bil infrastructure ✓ Easy accessibility to major 2018 FDI RM 58.0 bil Pengerang federal ports Number of projects invested 721 ✓ Strategic location

Retail e-commerce sales (RM billion) Pengerang Integrated Petroleum Complex (PIPC)

✓ Implementing 25 packages of infrastructure projects to 12.2 encourage private investments in PIPC, Johor 6.4 ✓ Total projects worth RM 2.5 bil Growth in e- Government commerce sector economic plans National Policy on Industry 4.0 2015 2018 • E-commerce growth to contribute to future demand ✓ Providing funding and incentives for industrial property ✓ Ensuring supporting infrastructure ✓ Establishing framework • Warehouses and distribution centres are integral to ✓ Upskilling workforce e-commerce businesses ✓ Providing access to smart technologies Source: SMITH ZANDER INDUSTRY OUTLOOK 46 Proxy to rising manufacturing investments & FDI…

✓ Malaysia is seeing a resurgence in manufacturing investments and FDI ✓ New government pushing FDI and manufacturing as growth engines ✓ Industrial space forms the backbone for every capacity expansion

Gross Foreign Direct Investment Approved Investment in Manufacturing Sector (RM billion) (RM billion)

87.4 156.8 74.7 143.5 144.2 71.9 121.5 63.7 112.4 58.5 103.9 52.1

2013 2014 2015 2016 2017 2018 2013 2014 2015 2016 2017 2018

Source: Malaysia Investment Development Authority (MIDA) INDUSTRY OUTLOOK (CONT’D) 47 Upward trend of total industrial property transactions complements expansion plans to other states…

Expansion opportunities outside Johor

Untapped market – large industrial states (Penang, Selangor) have not seen the type of integrated gated & guarded industrial parks developed by us

We focus on industrial parks, not business parks (like other developers)

Total Value of Industrial Property Transactions (RM billion) Industrial Parks in Selected Peninsular States

Penang Free zone = 2 16.4 15.8 Mixed = 20 15.0 Specialised = 1 Gated & guarded = 0 Johor 12.0 11.6 Free zone = 5 Selangor Mixed = 87 Free zone = 4 Specialised = 4 Mixed = 269 Gated & guarded = 21 Specialised = 3 Gated & guarded = 7

Kuala Lumpur Free zone = 5 Mixed = 28 Specialised = 1 2016 2017 2018 2019F 2020F Gated & guarded = 0

Source: National Property Information Centre, SMITH ZANDER Source: Economic Planning Unit, Malaysian Investment Development Authority (“MIDA”), State Development Corporation, SMITH ZANDER INDUSTRY OUTLOOK (CONT’D) 48 Construction, engineering and industrial property performance…

Value of industrial construction work done in Malaysia Value of engineering work done in Malaysia (RM’billion) (RM’billion) 4.4 5.0 Precast 3.3 3.8 9.6 concrete works 9.5 9.5 3.3 3.3 3.3 9.4 Metalworking 3.2 services 5.3 4.5 M&E 3.8 3.1 Engineering Services 2017 2018 2019F 2020F 2017 2018F 2019F 2020F

Value of industrial property transactions in Malaysia Value of industrial property transactions in Johor (RM’billion) (RM’billion) 15.8 16.4 2.3 2.3 15.0 2.2

11.6 1.9

2017 2018 2019F 2020F 2017 2018 2019F 2020F Source: National Property Information Centre, DOSM, SMITH ZANDER INDUSTRY OUTLOOK (CONT’D) 49 Growing e-commerce & logistics sector…

E-commerce and logistics are driving the demand for higher warehousing requirements

E-commerce sector growth Evolution curve of e-commerce (RM’billion)

12.2

6.4

2015 2018 ▪ E-commerce growth to contribute to future demand for ▪ “Malaysian eCommerce is now at an inflection point; industrial property growth can be accelerated with focused interventions” ▪ Warehouses and distribution centres are integral to e- commerce businesses

Source: SMITH ZANDER Source: Presentation slides from MITI; 2012 – 2013 data from DOSM; 2014 – 2020 data from EPU, MDeC, Euromonitor, WorldBank, A.T. Kearney analysis INDUSTRY OUTLOOK (CONT’D) 50 Increasing visibility among various federal and state agencies…

2019 Feb MIDA JB new director & KL Foreign Investment Promotion Division directors visit – i-Park@Senai Airport City Jul Iskandar Industrial Tour – i-Park@Senai Airport City Jul Lawatan Kerja Kementerian Pembangunan Perindustrian Dan Usahawan Sarawak (MIED Ke Johor – i-Park@Senai Airport City Oct Lawatan Delegasi Kerajaan Melaka – i-Park@Senai Airport City Nov Lawatan Dari Majlis Perbandaran Dungun Terengganu – i-Park@Senai Airport City

Nov Lawatan PBT OSC dan PLANMalaysia – i-Park@Senai Airport City MIDA KL (Foreign Investment MPKU & Invest Selangor’s visit Nov Lawatan Majlis Perbandaran Sepang – i-Park@Senai Airport City Promotion Division)’s visit 17.10.2018 21.02.2019 2018 Feb Malaysia Digital Economy Corporation (MDEC) visit to i-Park@Senai Airport City Feb MMC Board of Directors visit to i-Park@Senai Airport City Mar Malaysian-German Chamber of Commerce and Industry (MGCC) visit to i- Park@Senai Airport City Apr Johor Corporation visit to i-Park@Indahpura & i-Park@Senai Airport City Jul Lawatan Kerja Pengerusi Jawatankuasa Perdagangan Antarabangsa, Pelaburan dan Utiliti Negeri Johor ke Majlis Perbandaran Kulai Jul Deputy Minister YB Dr Ong Kian Ming visit to i-Park@Senai Airport City Aug PDC visit to i-Park@Senai Airport City Sep Market and Industry Outlook Talk Oct Iskandar Halal Park visit to i-Park@Indahpura Oct MMC Media Visit – i-Park@Senai Airport City Malaysian-German Chamber of Penang Development Oct Lawatan Teknikal Invest Selangor dan Majlis Daerah Kuala Langat ke Majlis Commerce & Industry (MGCC)’s visit Corporation (PDC)’s visit Perbandaran Kulai – i-Park@Senai Airport City 29.03.2018 9.08.2018

MINISTERIAL & DELEGATE VISITS 51 Receiving visits from Malaysian and international organisations all year round…

2017 Feb London Economist Journalist visit i-Park@Indahpura Mar Selangor Industrial Park Management Workshop visit i-Park@Indahpura Mar ZDF (German) TV Programme Shooting May UOB GST Talk at i-Park@Senai Airport City Jul SMCCI Business Mission to Johor at i-Park@Senai Airport City Nov Perbadanan Putrajaya visit to i-Park & i-Stay Nov Dewan Bandaraya KL (“DBKL”) Taklimat dan Lawatan ke i-Park@Senai Airport City & i-Park@Indahpura Perbadanan Putrajaya’s visit Dewan Bandaraya KL (“DBKL”)’s visit Dec Perbadanan Putrajaya visit to i-Park & i-Stay 23.12.2017 20.11.2017 2016 Feb Singapore Consulate-General of The Republic of Singapore in Johor Bahru) visit i- Park@Indahpura Feb Federation of Malaysian Manufacturers (FMM) visit i-Park@Indahpura Mar Joint Mission with MMC/Senai Airport City of Singapore Business Federation Business Mission to Johor, visit Senai Airport City Apr Majlis Pelancaran Pelan Pertumbuhan Strategic Negeri Johor at Educity Sports Centre Jul IRDA & the Korean National ICT Industry Promotion Agency (“NIPA”) visit Jul Sambutan Hari Landskap Peringkat Negeri Johor 2016 di Hutan Bandar Putra, Kulai, Johor Aug Lawatan Kerja Jabatan Ketua Melaka – i-Park@Indahpura

Selangor Industrial Park IRDA & the Korean National ICT Industry Management Workshop visit Promotion Agency (“NIPA”) visit 9.03.2017 20.07.2016

MINISTERIAL & DELEGATE VISITS (CONT’D) 52 Good track record of successfully developing industrial facilities…

SUCCESS STORIES 53 Contributing towards the welfare of dedicated workers…

Chinese New Year Health Talk Recycle Day

CORPORATE SOCIAL RESPONSIBILITY 54 Well prepared to ensure health and safety of visitors and workers… enforcing precautionary measures amidst global COVID-19 outbreak

CORPORATE SOCIAL RESPONSIBILITY 55