CONTENTS

• CORPORATE INTRODUCTION

• YEAR 2015 FINANCIAL HIGHLIGHTS . Group’s Performance . Segmental Performance . Performance of Port Operations . Performance of Individual Port . Transshipment Hub Development

• DIVERSIFICATION . Jesselton Quay Project . Project . Proposed International Cruise Terminal Our Vision

To be a leading investment corporation in ports and port- related businesses in . Our Mission

To enhance the long term value of the Group by:

• Creating sustainable returns to our shareholders • Achieving excellence in all our business undertakings • Embracing best practices in our business processes • Enriching the lives of our employees whilst always caring for the environment and community within which we operate. Suria Corporate Milestones

2001 2004 2013+ 1983 1996 Investment Port Diversified Property Financial Holding Operations (Property)

• Property • Acquisition of • Disposal of SDB • Acquisition of • JV with SBC for Development SBB and SDB to State Gov. port operations Jesselton Quay Company (Privatisation project on 21st Taman • Listed on Main • Disposal of SBB Exercise) May 2013 Perusahaan Berat Board, Bursa to Alliance Bank S/B • Set-up of other • JV with AQRS 1 Dec 1995 • Suria under subsidiaries: for 1 Jesselton TPB Holdings S/B PN10 status  SP Satria Waterfront  SPSL project on 16th 15 Dec 1995  SBSB March 2015 TPB Holdings Suria Capital  SCES Berhad Holdings Berhad

5 Corporate Structure Suria Group of Companies

100% Ports Sdn. Bhd.

“Port Operations, 100% S.P. Satria Logistics Equipment Supply Sdn. Bhd. & Maintenance, Bunkering & Logistics Services” 100% S.P. Satria Sdn. Bhd. Suria Capital Holdings Berhad “Contract & “Investment 100% SCHB Engineering Engineering, Ferry Holding and Services Sdn. Bhd. Terminal Property Operation” Development” 100% Suria Bumiria Sdn. Bhd. (dormant) Shareholding Structure

Authorized Share Capital = RM800 million Issued = 288,183,992 Ordinary Shares at RM 1.00 each

ANALYSIS BY SIZE OF HOLDINGS (AS AT 30TH JUNE 2015) Size of Holdings No. of Holders % No. of Shares %

1 - 99 54 0.354% 2,149 0.001% 100 - 1,000 9,249 60.661% 6,153,471 2.135% 1,001 - 10,000 5,046 33.095% 17,324,267 6.012% 10,001 - 100,000 768 5.037% 21,760,800 7.551% 100,001 & Above 128 0.840% 242,883,302 84.281% *Directors’ Holdings 2 0.013% 60,003 0.021% Total 15,247 100.00 288,183,992 100.00

As at 31.12.2015 TOP 10 SHAREHOLDERS OF SURIA No SHAREHOLDER’S NAME HOLDINGS % 1 WARISAN HARTA SABAH SDN BHD 130,827,504 45.397 2 LEMBAGA TABUNG HAJI 26,776,200 9.291 3 YAYASAN SABAH 10,571,000 3.668 4 DB (MALAYSIA) NOMINEE (TEMPATAN) SDN 9,244,400 3.207 BHD ICAPITAL.BIZ BERHAD 5 CITIGROUP NOMINEES (ASING) SDN BHD 4,991,100 1.731 6 RHB NOMINEES (TEMPATAN) SDN BHD 4,856,000 1.685 7 CHIEF MINISTER, STATE OF SABAH 4,800,000 1.665

8 AMANAHRAYA TRUSTEES BERHAD 3,297,700 1.144 9 KUMPULAN WANG PERSARAAN 3,123,600 1.083 10 SIAW TECK HWA 2,000,000 0.694 TOTAL 200,487,504 69.565 As at 31.12.2015 State Government of Sabah as Major Shareholder

HOLDINGS % WARISAN HARTA SABAH SDN BHD 130,827,504 45.397 YAYASAN SABAH 10,571,000 3.668

CHIEF MINISTER, STATE OF SABAH 4,800,000 1.665 SABAH STATE GOVERNMENT 146,198,504 50.730 (direct and indirect shareholding) DIVIDEND PAYOUT POLICY Year 25% of net profit 2006 • Year 35% of net profit 2011 • Dividend Payout History Financial Year Rate (sen) Tax Rate 2006 2.5 27% 2007 6.0 – Final 26% 2007 6.0 – Special 0% 2008 3.0 25% 2009 5.0 Tax Exempt 2010 5.0 Tax Exempt 2011 6.0 Tax Exempt 2012 6.15 Tax Exempt 2013 7.00 Tax Exempt 2014 7.00 Tax Exempt 2015 (proposed) 7.00 Tax Exempt

Suria Share Performance Relative to KLCI Index in Past 4 Years

Source: AllianceDBS Research Report dated 1st Mar 2016

14 Group’s Performance Group’s Performance (Income Statement) Current Year vs Preceding Year

16 SUMMARY

17 Past 5-Year Financial Highlights (Group)

SEGMENTAL PERFORMANCE Segmental Performance of the Group Current Year vs Preceding Year

21 Group’s Revenue by Segments for Year 2015 (RM’000)

Contract & Ferry terminal, Investment engineering, 3,647 , 1% holding, 1,097, 1,108 , 0% 0%

Logistics & Bunkering, Property development, 36,180 , 7% Port 229,226 , 47% operations, 217,202 , 45% Performance by the Group (Revenue by Segments) Current Year vs Preceding Year 12 months 12 months 31.12.2015 31.12.2014 Inc/(Dec) RM'000 RM'000 RM'000 % Investment holding 1,097 1,577 (480) (30) Property development 229,226 - 229,226 100 Port operations 217,202 232,037 (14,835) (6) Logistics & Bunkering 36,180 33,530 2,650 8 Contract and engineering 1,108 268 840 313 Ferry terminal 3,647 5,726 (2,079) (36) 488,460 273,138 215,322 79

12 months 2015 12 months 2014 Revenue by Segment (RM’000) Revenue by Segment (RM’000) Contract & Ferry Investment Contract and Ferry Investment engineering, terminal, holding, engineering , terminal, holding, 1,108 , 0% 3,647 , 1% 1,097, 0% 268 , 0% 5,726 , 2% Property 1,577 , 1% development Logistics & , - , 0% Bunkering , 33,530 , 12% Logistics & Property Bunkering, Port development 36,180 , 7% operations, , 229,226 , 47% 217,202 , Port 45% operations , 232,037 , 85% PORTS UNDER SPSB

Kudat Port Mowtas Oil Karamunting Oil Jetty Jetty

Sapangar Bay Oil Sandakan Terminal Port

Lahad Datu Port Sapangar Bay Container Port

Lahad Datu Oil Jetty

Kota Kinabalu Port

Tanjung Batu Oil Kunak Port Jetty Tawau Port Port Operations (Cargo Throughput) Current Year vs Preceding Year YTD YTD 31.12.2015 31.12.2014 Inc/ (Dec) Total Tonnage (MT'000) - At Wharf (excluding containers) 11,948 12,774 (826) -6% - At Anchor 11,009 9,895 1,115 11% 22,957 22,669 288 1%

Total TEUs 363,185 398,800 (35,615) -9% Throughput at Wharf (by Major Commodity)

7,000 6,000 5,000 4,000 3,000 MT('000) MT('000) 2,000 1,000 - Bulk Oil Palm Oil Fertilizer PKE General Cargo Current YE 2015 Prior YE 2014

26 Throughput at Anchor (by Major Commodity)

6,000 5,000 4,000 3,000

MT('000) MT('000) 2,000 1,000 - Bulk Oil Palm Oil Fertilizer PKE Wood General products Cargo

Current YE 2015 Prior YE 2014

27 Major Commodities Handled at Wharf/Anchor in 2015

Vehicles, 848,400, 7% General Liquid Chemical, Cargo Fertilizer, 1,403,142, 32,738, 0.3% Palm Oil 11%

PKE

Bulk Oil, 2,082,313, Bulk Oil 16%

Fertilizer

PKE, 28,102, 0.2% Vehicles

General Cargo, Liquid 7,380,761, 58% Chemical Palm Oil, 968,119, 8% Major Commodities Handled at Wharf/Anchor in 2015

General Palm Oil, 7,074,987, Cargo 47% Bulk Oil, 5,678, 0.04% PKE

Liquid Chemical, 26,660, 0.2% Copra Cocoa, 878, 0.01% Wood Product Rubber Rubber, 34,747, 0.2% Liquid Chemical Wood Product, General Cargo, Palm Oil 2,280,962, 15% 4,879,931, 33% Bulk Oil Copra , 897, 0.01% PKE, 688,772, 5% Cocoa Containers Handled (TEUs)

300,000 250,000 200,000 150,000 TEUs TEUs 100,000 50,000 - Sandakan Tawau Lahad Datu SBCP

Current YE 2015 Prior YE 2014

30 Revenue Composition by Commodity Current Year vs Preceding Year

RM'000 120,000 100,000 80,000 60,000 40,000 20,000 - Bulk Oil Palm Oil Wood Fertilize PKE General Contain RORO Passeng Product r cargo ers er s Current YTD 17,466 47,361 3,458 10,602 6,292 32,120 94,302 4,763 682 Prior YTD 17,415 49,986 3,773 9,711 7,158 35,885 102,192 4,711 765

31 Current Year vs Preceding Year

Current YE Prior YE Variance 2015 2014 Revenue PBT PBT Revenue PBT PBT Current vs Prior

Port margin margin Revenue PBT RM'000 RM'000 % RM'000 RM'000 % RM'000 % RM'000

SBCP 64,076 3,271 5% 68,958 12,239 18% (4,883) -7% (8,968) -73% Sandakan 52,108 18,079 35% 56,982 22,935 40% (4,875) -9% (4,856) -21% Tawau 32,842 9,008 27% 36,083 12,521 35% (3,241) -9% (3,513) -28% Lahad Datu 24,053 9,850 41% 24,936 11,422 46% (883) -4% (1,572) -14% KK 20,110 6,821 34% 19,722 7,203 37% 388 2% (381) -5% Kunak 12,492 4,523 36% 12,043 4,846 40% 449 4% (323) -7% SBOT 10,934 (6,719) -61% 12,465 6,791 54% (1,531) -12% (13,510) -199% Kudat 431 (477) -111% 407 (360) -89% 24 6% (116) 32% Total: 217,046 44,357 20% 231,597 77,598 34% 217,046 94% (33,241) -43%

32 Individual Port Performance (Revenue)

80,000 70,000 60,000 50,000 40,000 30,000 RM'000 RM'000 20,000 10,000 - SC SK TW LD KK KN SB KD

Current YTD Dec-15 Prior YTD Dec-14

33 Individual Port Performance (Profit Before Tax) 25,000 20,000 15,000 10,000

RM'000 RM'000 5,000 - SC SK TW LD KK KN SB KD (5,000) (10,000) Current YTD Dec-15 Prior YTD Dec-14

34 Major Port Expenses

Year 2015 Year 2014 Total expenses = RM206,580,000 Total expenses = RM187,902,000

Impairment Staff Impairment Staff loss, 11,727 Others, Expenses, loss, 589 , Others, Expenses, , 6% 23,576 , 59,282 , 0% 26,665 , 51,123 , 11% 29% 14% 27% Fuel & Oil, Fuel & Oil, 3,530 , 2% 5,026 , 3% Taxation, Professional Taxation, 20,259 , fees / 16,621 , 8% Professional 11% Consultancy fees / , 723 , 0% Consultancy Port Lease, Port Lease, Repair & 14,805 , 7% , 7,863 , 4% Maintenanc Repair & 14,865 , 8% e, 18,290 , Maintenanc Stevedorage 10% e, 21,104 , / Contract Stevedorage Depreciatio Depreciatio 10% labour, / Contract n & n & 9,104 , 5% labour, Amortisatio Amortisatio 9,665 , 5% n, 38,408 , n, 41,259 , 18% 22%

35 Cargo Throughput (Million Tonnes & TEUs)

Year * Wharf ** Anchor Total Containers (TEUs) 1997 9.1 10.6 19.7 154,693 1998 7.5 9.1 16.6 122,259 1999 8.2 8.6 16.8 137,028 2000 8.9 9.2 18.1 149,500 2001 9.1 8.8 17.9 152,725 2002 9.9 9.2 19.1 171,154 2003 11.0 11.1 22.1 194,976 2004 12.2 11.6 23.8 208,098 2005 13.4 12.8 26.2 208,490 2006 14.0 14.1 28.1 226,721 2007 15.7 13.5 29.2 271,471 2008 15.5 13.0 28.5 292,688 2009 14.6 10.2 24.8 277,905 2010 17.7 10.7 28.4 326,825 2011 18.2 10.7 28.7 356,193 2012 17.7 10.0 27.7 374,624 2013 17.5 9.9 27.4 373,042 2014 18.5 9.9 28.4 398,800 2015 16.8 10.9 27.8 363,185 2016 (Jan-Apr) 5.2 5.3 10.5 117,489

* Wharf: cargo handled at wharves using port facilities ** Anchor: cargo handled at private jetties / mid-stream HISTORICAL TREND FROM 1985 - 2014

Total Cargo Throughput – Wharf + Anchor (‘000 Tonnes)

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 % OF YEARLY INCREASE/DECREASE 1985-2014

% of Yearly increase/decrease 1986-2014 20

10

0 198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015

-10

-20

-30

-40

-50 Port Expansion Projects Completed

Projects undertaken: • Extension of existing container yard at Sapangar Bay Container Port • Construction of outward pipeline facilities for the tank farm at Sapangar Bay Oil Terminal Ongoing and Future Projects

• Construction of a new conventional cargo terminal for relocation of the existing operation from KK Port • Construction of new twin-berth jetty facility for Sapangar Bay Oil Terminal • 350-meter extension of the wharf at Sandakan Port • Enhancement of facilities at Lahad Datu Port and Tawau Port Sapangar Bay Container Port as a Transshipment Hub of the East

Game Changer & Catalyst for the Economic Development in the State of Sabah RM800m Federal Funding for Transshipment Hub Development at Sapangar Port

Source: The New Sabah Times 16th February 2016 TRANSSHIPMENT HUB DEVELOPMENT

 Federal Government allocated RM800 million under 11MP for transshipment hub development through Sabah Development Corridor  RM7 million to be utilized in 2016; RM365 million in 2017; balance on long-term expansion activities up to 2030  Initiative under the National Blue Ocean Strategy - Ministry of Urban Wellbeing, Housing and Local Government as lead agency to oversee implementation of project  Sabah Economic Development and Investment Authority (SEDIA) as implementing agency; SPSB as port operator  To leverage on the port’s strategic location along the main shipping route of the East Asian sea trade and being at the centre of the BIMP-EAGA region (CONT’D)  1st phase construction to commence in early 2017 and conclude by 2019  Port Master Plan being prepared to serve as blueprint to further develop the seaport and logistics industry in the State for the next 30 years  Handling capacity to be increased from current 500,000 TEUs to 1.25 million TEUs  Free zone area to be established to complement expansion  Expected to enhance the State’s economic competitiveness in the long-run by addressing the issue of trade imbalance, lower cost of doing business and cost of living in Sabah Diversification Property Development

 Jesselton Quay (16.25 acres)  One Jesselton Waterfront (7 acres)

Details of the Project

• Suria and SBC to jointly develop 16.25 acres of KK Port land (mixed development) • Minimum NSV = RM 1.8 billion (Suria’s entitlement is 18% of NSV) • SBC is responsible for all the costs and matters relating to the development • Suria is responsible to assist and facilitate implementation of the project • Development to take 8 – 10 years to complete

Approximately 23.25 acres of land within Port alienated - edged in red as Exhibit (A)

Titled Land Leased Land

Jesselton Quay Project (16.25 acres)

Sabah International Exhibit A Kota Kinabalu Convention Convention City Centre

Commercial Land = Previous container space and yard which was left vacant after operation was moved to the newly built RM400 million container port facility at Sapangar Bay in 2007. Jesselton Quay Masterplan Concept

The best scheme was done by a Japanese design firm (Matani Studio) out of Shanghai. The Shanghai experience of a Japanese Architect gave rise to a unique composition of modern towers juxtaposed against classic Borneo retail street fronts. Like all famous port cities of the world, Jesselton Quay is about giving back to the people of KK, their original waterfront, refreshed brimming with life and activity. Welcome to Jesselton Quay

Master plan connects and extends Gaya Street via series of new open pedestrian walks. Planned together with the new upcoming International Cruise Terminal, Sabah International Convention Centre & Jesselton Ferry Terminal, we can expect one of the most exciting regeneration stories of our times. PROGRESS UPDATE

Progress Status •Approval of Development Plan from DBKK (approved in Approved in March 2009; Amendment to DP Submitted in Sept 2013) 2015

•Approval of Commercial Zone from Town Planning Dept. Approved 2005 - 2008 •Approval from Department Of Civil Aviation Approved

•Approval from Environmental Protection Dept. Approved

•Traffic Impact Assessment Report (Re-assessment) Approved

•Land Premium Totaling RM142.1 million Paid with Balance settled on Balance Settled 28th April 2014

•23.25 acres of Land at KK Port Titled to Suria Capital Titled on 6th May 2014

Holdings Berhad 2010 - 2015 •Sub-division Title Obtained 2nd Qtr 2016 (est.)

•Approval of Building Plans 4th Qtr 2016 (est.)

•Launching and commencement of construction works 4th Qtr 2016 (est.) Status Update

• Development plan approved in March 2015 • Sub-division of 23.25 acres in progress now to carve out the 7 acres for Suria’s separate development; offer letter issued, title expected to be obtained by end of June • Third party charge to be provided to SBC to secure repayment of financing facility and issuance of bank guarantee • Submission and approval of building plans: 3rd – 4th Quarter 2016 • Expected project launching and commencement of works: 4th Quarter 2016

57 ONE JESSELTON WATERFRONT Development of the Remaining 7 acres of Land at KK Port (part of the 23.25 acres of KK port land alienated to Suria for commercial development)

7 acres

Details of the Project

• Suria and GBG AQRS to jointly re-develop the remaining 7 acres of KK Port land (mixed development), including the Jesselton Point Ferry Terminal • Minimum NSV = RM 1.1 billion (Suria’s entitlement is 18% of NSV) • GBG AQRS is responsible for all the costs and matters relating to the development • Suria is responsible to assist and facilitate implementation of the project • Suria’s minimum entitlement in-kind and in cash:  Suria Corporate Office – RM52,010,750  Retail Mall – RM114,394,050  Cash – RM31.6 million

Expected Completion Period

Completion • Suria Corporate Office within 3 years • Retail Mall

Completion • Service Suites within 6 years • Services Apartments

• Residential Units Completion • Retails Units/ within 5 years • Office Towers • Car Park

Status Update

• Pending sub-division of the 23.25 acres of land to carve out the 7 acres for development • Submission of building plans by 4th quarter of the year • Construction expected to commence by end of 2016 KK Port as International Cruise Terminal CRUISE INDUSTRY – 6TH EPP UNDER TOURISM NKEA OF NATIONAL ETP

A Straits Riviera Cruise Playground is to be developed and shall comprise 6 world- class terminals

KK Port identified as a dedicated international cruise terminal and homeport, alongside and Port Klang

Discussion initiated by PEMANDU and has been ongoing for more than 2 years Port Name Kota Kinabalu Port Port Location Kota Kinabalu, Sabah, Malaysia GPS Coordinates 5.992729, 116.079846 One Jesselton Waterfront Jesselton Quay Project Proposed International Project (7 acres) (16.25 acres) Cruise Terminal

Sabah International Kota Kinabalu Convention Convention City Centre A Dedicated International Cruise Terminal at KK Port Singapore

• DevelopmentEurope of an internationalThailand cruise terminal at KK Port is in the pipeline of Suria Group

• Provision of a world-class terminal will attract KK Hong internationalAmerica cruise liners to include KK Port in their itineraries as onePORT of the regularKong ports to call or homeport

• Promotes cruise-flightAustralia option China

• Complements the variousJapan developments at KK Port Land

To support tourism industry in Sabah a) We accommodate existing cruise vessels from all over the world – as port of call b) To ensure safety, priority berthing arrangement for all cruise vessels

Proposed Development Model Proposed Development Model

• Model to consist of two development segments:

1. International Cruise 2. Cruise-Related Realty Terminal (ICT)

Positioning of KK Port as a home port Creation of a tourist hub as an and regular port of call for regional integral part of the ICT; Attractions and international cruise liners for both locals and foreigners Existing berth to be extended with Development to comprise retail and deeper draught to accommodate commercial outlets supplementing larger cruise ships the ICT Proposed Development Model

• Development model: – Low-density – to preserve the water features and minimize environmental impact as large area of 28.9 acres consists of water body – Low-rise – to not obstruct the views of surrounding developments

 Despite size of land being relatively big, GDV derivable is capped at RM 2.5 billion as a result A New Regional City Focus

• An international cruise terminal integrated with commercial development - A destination by itself

• To complement nearby concurrent developments at KK Port to make the entire waterfront area an integrated tourist hub

• Development to be planned in a manner that links the terminal and commercial real estate development

Enhancing State Economy

• City focus development to be attractive, accessible, vibrant and financially viable • Promotion of tourism via development of attractions for both local and international tourists/patrons seeking leisure, recreational and cultural experiences • Enhancement of the State’s economic development by – Creation of employment – Increased spending and expenditure – Promotion of cruise-flight option

Contributions of Cruise Tourism to the State’s Economy

Economic Growth Increase in Cruise Increase in Tourist and Increase in Vessel Throughput Arrivals State’s GDP Multiplier Effect Across Various Economic Sectors . Food and beverages . Port operation and ship management . Retail services . Land transportation . Recreational and cultural services . Air transportation . Postal and telecommunications services . Accommodation Social and well-being services . Financial services . Medical and health services . Travel and tour services . . Wholesale trade 81