SERBA DINAMIKHOLDINGS BERHAD

Global Integrated Engineering Services Provider

CORPORATE PRESENTATIONOctober 2020

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomesand results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties andassumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends,cost of capital and capital availability, competition from other developments or companies, changes in operating expenses (including employeewages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and theterms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are basedon the current view of management on future events.

The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made asto, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in thispresentation. Neither Serba Dinamik Holdings Berhad (“SDHB”) or any of its affiliates, advisers or representatives shall have any liabilitywhatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of thispresentation or its contents or otherwise arising in connection with this presentation.

The past performance of SDHB is not indicative of the future performance of SDHB.

The value of shares in SDHB (“Shares”) and the income derived from them may fall as well as rise. Shares are not obligations of, deposits in, orguaranteed by, SDHB or any of its affiliates. An investment in Shares is subject to investment risks, including the possible loss of the principalamount invested.

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DISCLAIMER

STOCK INFO (as at 27 Oct 2020)

Bursa Code SERBADK/ 5279 (Main Market)

Bloomberg Ticker SDH MK

Sector Trading/ Services

Share Price RM 1.56

52 Week High/ Low RM 2.52/ 1.02

Market Capital RM 5.29 billion

Share Capital 3.390 billion

FYE 31 December

Outperform the FBMKLCI by

122.87%FBMKLCI: -11.50%

SERBADK: 111.37%

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* Source: Malaysia Petroleum Resources Corporation (Ranking was based on total group or company revenue for the FYE18 among PETRONAS-licensed companies in Malaysia) 4

KEY FACTS

Malaysia O&G Services & Equipment

Company Ranking* MRO of Rotating Equipment

27 Years

EPCC Project

13 YearsTechnology

10 Years

Presence in

6 Regions24 Countries

Orderbook GrowthPAT for

Dividend Policy

≥30%

7th 4th 3rd2016 2017 2018

RM

7.5bRM

10b RM

18.5b2018 2019 3Q20

FY18Vs

FY19

5Y CAGR(Up to FY19)

Revenue 38% 43%

PAT 27% 49%

Track Record

OPERATIONALOVERVIEW

Customized software development

Specialised tailored programme for Institution and plant operators

Integration of ICT services and solutions from IR 4.0

Mobile application solutions

Targeting end user and global populations with quick cash turnaround cycle

Infrastructure development

Development of ICT infrastructure such as Data Centre, Smart Operation Centre, Innovation Hub & Digital Theme Park

Certification programmes

Joint training programmes with approved and reputable education provider

Tertiary Learning

Specialised and focusing on Tech related course – acquisition of UniMY

Research and Development

Moving towards industry relevant R&D and human resources training to support the Group’s core business

Site Maintenance • Daily Maintenance Operation• Plant Turnaround Activity

Workshop Maintenance

• Bintulu Integrated Energy Hub• Pengerang Eco-Industrial Park

Manufacturing of parts & components

• La Rapida• Al Sagar Engineering• OMT• Psicon• Geppert• Wellahead

Current Business Model

Asset Ownership ModelEPCC + O&M synergies

Exploring and moving towards a new model

Innovation Hub & Smart CityEPCC + Tech related solutionsProspect in East Malaysia and Middle East

Teluk Ramunia YardTo strengthen offshore capabilities & positioning in South East Asia and Middle East

OPERATION & MAINTENANCE (“O&M”)

TECHNOLOGY (“TECH”)

ENGINEERING, PROCUREMENT, CONSTRUCTION & COMMISIONING (“EPCC”)

EDUCATION & TRAINING (“E&T”)

SUSTAINABILITY - BUSINESS MODEL: CORE COMPETENCIES

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KEY PROGRESS UPDATES

MAPPING UP THE

SUSTAINABLE FRAMEWORKRelentless efforts in strengthening core capabilities and capacities for future growth

1

Transforming in line with Industrial Revolution 4.0

2

Diversification through geographical expansion

3

Adding up orderbook value to rm18.5 billion

4

7

Rationale▪ Positioning as total engineering solution provider covering onshore and

offshore services across the upstream, midstream and downstream value chain▪ Owning an asset of fabrication yard better edge in project bidding, targeting

mid-to-long term growth opportunities

Potential▪ Sizeable domestic and international potentials. E.g: RAPID Phase 2▪ RM120-200 million of existing work orders can be executed by utilising the yard

facilities▪ Leasing to contractors for fabrication, transportation, offloading of storage jobs▪ To support scopes including ship repairing, integrated hook up and

commissioning, decommissioning, offshore transport and installation works as well as top side maintenance

▪ Applying license for major fabrication while other licences are in place

Investment Cost▪ RM320 million (including land and existing infrastructure)

TELUK RAMUNIA YARD

Land Size 170 acres (68.8 hectares)

Capacity Up to 50,000 tonnes

Status Acquisition to be completed by end 3Q20

RELENTLESS EFFORTS IN STRENGTHENING CORE CAPABILITIESAND CAPACITIES FOR FUTURE GROWTH

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Rationale▪ Realising the potentials to perform higher-end and larger-scale maintenance

and fabrication works, which are at par with international players▪ Housing the MRO and IRM Centre of Excellence in Sarawak with advanced

technology and reverse engineering capability▪ Streamlining our operations within one centralized location in East Malaysia

Potential▪ Matching the market demands for O&G, petrochemical, and power generation

industries including petrochemical plants and coal, gas fired or hydropower plants, Petronas LNG, Asian Bintulu Fertilizer, Shell, Murphy in Sarawak, Sabah, Brunei as well as the SEA region

▪ To service major overhaul requirements for larger equipment such as gas turbine, steam turbine, turbo compressor for power plants etc.

Investment Cost▪ Approximately RM260 million (including land and development)

BIEH BINTULU INTEGRATED ENERGY HUB

Land Size 30 acres (12.1 hectares)

Capacity Up to 1,000 tonnes

Status Commission by 3Q20

RELENTLESS EFFORTS IN STRENGTHENING CORE CAPABILITIESAND CAPACITIES FOR FUTURE GROWTH

9

Rationale▪ Create a total ecosystem of supporting facilities, products and services for

repair and maintenance of plants, machineries, equipment and structures across downstream O&G, petrochemical and power generation industries, with advanced technologies and Malaysia’s 1st Plant Turnaround Village (PTV)

Potential▪ Tapping into the USD27 billion’s Pengerang Integrated Petroleum Complex

(PIPC) investment which encompasses RAPID project and associated facilities▪ Targeting to work with customers in O&G refineries, petrochemical plants, LNG

processing plants, offshore rigs and platforms, offshore support vessels, large marine vessels, cargo carriers and so on in Peninsular Malaysia and Singapore

▪ Strategic location with excellent road and sea access including deepwater terminals

Investment Cost▪ Approximately RM768 million (including land and development)

PEIP PENGERANG ECO-INDUSTRIAL PARK

Land Size 57 acres (23.1 hectares)

Capacity Up to 1,000 tonnes

Status Construction to be completed by 1Q21

RELENTLESS EFFORTS IN STRENGTHENING CORE CAPABILITIESAND CAPACITIES FOR FUTURE GROWTH

10

CORPORATE/INSTUTIONAL MARKET

1) Customize Solution & Smart MaintenanceSmart MaintenanceIOT Software Development Dashboard With Real Time Asset TrackingRFID Item Tracking SystemMyplant Equipment Monitoring SoftwarePrecision Alignment Monitoring ProgramCalibration Management SystemAdaptive Traffic Control SystemBig Data Analysis

MASS CONSUMER MARKET

Application softwareMobile Application basede-Commerce platformDigital Theme Park/ Virtual Park

e-Wallet licenceunder BNM

ICT - TECHNOLOGY BUSINESS (TECH)

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2) Infrastructure DevelopmentInnovation HubData CentreSmart Operation CentreDigital Theme Park

To address the growing needs of hosting mission critical systems and provide colocation services, business continuity and managed

services facilities for MENA and GCC markets

To be a global incubator landmark for advancement and innovations of technology, property, financial as well as energy sectors

Client Future Digital Data Systems L.L.C

Scope Developing a data centre related facilities, infrastructure, and landscaping

Data Storage Capacity 20mw

Location Abu Dhabi, UAE

Project Period 3Q20 – 3Q24 (4 years)

Status Early planning stage

Client Block 7 Investments L.L.C

Scope Developing an innovation hub, academic campus, related facilities and IT infrastructure

Build-up Size 455,000 sqm

Location Abu Dhabi, UAE

Project Period 2Q20 – 2Q24 (4 years)

Status Design & preliminary work preparations

Integrating Technology and EPCC capabilities winning edge to be the pioneer in technology related development projects

DATA CENTER INNOVATION HUB

TRANSFORMING IN LINE WITHINDUSTRIAL REVOLUTION 4.0 (cont’d)

12

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SOUTH & NORTHAMERICA

• US• Mexico• Guyana

EUROPE• UK• Netherlands*• Switzerland*• Austria*• Italy*

AFRICA• Tanzania• Zambia

MIDDLE EAST• Qatar• Bahrain• UAE• Saudi Arabia• Oman• Kuwait

CENTRAL & SOUTH ASIA• Turkmenistan• India • Uzbekistan• Kazakhstan

ASIA PACIFIC• Malaysia• Indonesia• Laos• Singapore*

* Through associate companies

DIVERSIFICATION THROUGH GEOGRAPHICAL EXPANSION

PERCENTAGE BY INDUSTRY

Oil & Gas Others Chemicals Water & Utilities Power Plants

SEGMENTAL

O&M

EPCC

Tech

14

GEOGRAPHICAL

Malaysia

Middle East

Central & SouthAsiaSouth East Asia

Africa

Europe

ADDING UP ORDERBOOK VALUE TORM18.5 BILLION (AS OF AUGUST 2020)

FINANCIALOVERVIEW

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PAVING GROWTH PATH

Total Revenue (RM mil)

* Others comprise of Tech & E&T for FY17-19

86.1 89.2 86.0 83.6 83.2 85.3 84.9

13.7 10.6 11.2 12.9 10.3 12.2 10.6

0.2 0.2 2.83.5 6.5 2.5 4.5

0.02 0 0.02 0.02

0%

20 %

40 %

60 %

80 %

10 0%

FY17 FY18 FY19 2Q19 2Q20 6M19 6M20

O&M EPCC Others* Tech E&T

Activity Breakdown (%)

2,722

3,283

4,529

1,1391,438

2,123

2,717

FY17 FY18 FY19 2Q19 2Q20 6M19 6M20

Growth Rate (%) O&M EPCC Tech E&T

2Q19 vs 2Q20 25.7% 0.7% >100% 100% 22.8%

FY18 vs FY19 33.0% 46.8% >100% 6.7%

Activity Breakdown FY15-20 YTD

O&M 83-89%

EPCC10-14%

Others/ Tech & E&T

1-7%

26.3%

20.6%

37.9% 28.0%

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DIVERSIFYING REVENUE STREAMS

Geographical Breakdown (%)FY17 FY18 FY19 2Q19 2Q20 6M19 6M20

Southeast Asia 35.6 30.2 32.5 34.7 30.8 35.6 31.7Malaysia 31.9 28.0 28.8 29.7 27.4 30.4 28.6Indonesia 3.7 2.2 3.4 4.7 3.2 4.7 3.0Laos - - 0.3 0.3 0.2 0.5 0.1

Middle East 59.0 61.5 60.3 59.1 67.2 59.1 64.8Bahrain 12.5 10.0 8.4 8.5 5.4 8.5 6.6UAE 10.6 20.6 19.7 17.0 29.3 19.3 27.1Qatar 18.0 20.7 27.4 25.8 25.7 24.5 25.4Oman 4.3 1.4 - - 2.9 - 2.1KSA 11.2 8.4 4.2 6.7 3.6 6.2 3.1Kuwait 2.3 0.4 0.6 1.1 0.3 0.6 0.5

Central & South Asia 5.2 7.3 4.8 2.8 0.7 3.4 1.9

Turkmenistan 5.1 7.2 3.9 1.8 0.5 2.7 1.3Kazakhstan - 0.1 0.0 - - - -India - - 0.4 0.9 0.2 0.7 0.1Uzbekistan - - 0.5 0.1 - - 0.6

Tanzania - 0.9 2.3 3.3 1.2 1.9 1.5

UK 0.2 0.1 0.1 0.1 0.1 0.1 0.1

35.630.2 32.5 34.7 30.8

35.6 31.7

59.061.5 60.3

59.1 67.2 59.1 64.8

5.2 7.3 4.8 2.8 0.7 3.4 1.90.9 2.3 3.3 1.2 1.9 1.5

0.2 0.1 0.1 0.1 0.1 0.1 0.1

FY17 FY18 FY19 2Q19 2Q20 6M19 6M20SEA ME Central & South Asia Tanzania UK

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DELIVERING STEADY PROFITABILITY

449579

870

204 283383

527

16.5 17.619.2 17.9

19.718.1 19.4

-1 00

10 0

30 0

50 0

70 0

90 0

11 00

13 00

15 00

FY17 FY18 FY19 2Q19 2Q20 6M19 6M20

EBITDA (RM mil) EBITDA Margin (%）

305393

498

131 148244 281

11.2 12.0 11.0 11.5 10.3 11.5 10.4

-3 0.0

-2 5.0

-2 0.0

-1 5.0

-1 0.0

-5 .0

0.0

5.0

10 .0

15 .0

0

10 0

20 0

30 0

40 0

50 0

60 0

70 0

80 0

90 0

10 00

FY17 FY18 FY19 2Q19 2Q20 6M19 6M20

PAT (RM mil) PAT Margin (%）

22.018.8

20.418.3

11.99.0 7.8 7.5

0.0

5.0

10 .0

15 .0

20 .0

25 .0

FY17 FY18 FY19 2Q20

ROE (%) ROA (%)

Annualised

484582

811

198 257376

485

17.8 17.7 17.9 17.4 17.9 17.7 17.9

10 .0

11 .0

12 .0

13 .0

14 .0

15 .0

16 .0

17 .0

18 .0

19 .0

0

20 0

40 0

60 0

80 0

10 00

12 00

FY17 FY18 FY19 2Q19 2Q20 6M19 6M20

GP (RM mil) GP Margin (%）

19

MANAGING CASH FLOW PRUDENTLY

^ Annualised

0.50.8

1.41.2

0.3 0.50.8 0.8

1.6

3.0

3.83.5

0.9

1.6

2.3 2.2

FY17 FY18 FY19 2Q20

Gearing Ratio (x) Net Gearing Ratio (x)

Debt-to-EBITDA (x) Net Debt-to-EBITDA (x)

Rose due to long term sukuk raised for refinancing purpose and project working capital

Annualised

405

951

2,033 2,330

1,388

2,0922,440

3,083

FY17 FY18 FY19 2Q20

Net Debt (RM mil) Net Assets (RM mil)

374485

641756^

301

761

1,307 1,361

FY17 FY18 FY19 2Q20

Funds from Operation (RM mil) Total Cash (RM mil)

Ageing analysis for trade

receivables

Trade receivables turnover(1)

Trade payables turnover(2)

95days

61days

93days

35days

88days

21days

20

PLANNED TRADE RECEIVABLES & PAYABLES

86days

19days

96.7% 97.2% 92.6% 89.9%

0.0% 0.3% 2.4% 1.2%

1.7% 0.7% 1.7% 2.3%

1.5% 1.8% 3.3% 6.6%

FY17 FY18 FY19 2Q20

Not past due Past due between0-30 days

Past due between31-120 days

Past due>120 days

Notes:(1) Computed based on average trade receivables divided by revenue for the respective financial years multiplied by 365 days.(2) Computed based on average trade payables divided by cost of operations for the respective financial years multiplied by 365 days.

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Serba Dinamik maintains a healthy liquidity and debt profile,Coupled with access to multiple financing platforms

Established long term banking relationships

5

6

9

14

Length of relationship (years)

Debt maturity scheduleBreakdown of financings / borrowings

RM mil

PRUDENT AND DISCIPLINEDCAPITAL DEPLOYMENT

207270

767

234

4

4

1,266831

329

Up to 1 year 1-2 years 2-5 years > 5 years

Term loans Finance lease liabilities Sukuk Facilities Others

RM mill (as of 30 June 2020) Short term Long term Total

Finance lease liabilities 4.4 8.1 12.5

Bank overdrafts 4.8 - 4.8

Revolving credit facilities 323.7 - 323.7

Term facilities 206.6 1,059.0 1,265.6

Sukuk facilities - 2,097.5 2,097.5

TOTAL 539.5 3,164.6 3,704.1

◼ Equity offering (Private Placement) in January 2018

◼ US$300 million Senior Sukuk Bond offering in May 2019

◼ US$200 million Senior Sukuk Bond offering in Dec 2019

◼ RM456.7 million Private Placement in May 2020

Equity and debt capital markets

Source: Company information as of 30 June 2020.(1) Based on available facilities as of 30 June 2020.

◼ Term loan facilities◼ Receivable financing facilities

◼ Trade and revolving credit facilities, etc.

◼ Total undrawn facilities of c. RM0.5 billion(1)

◼ Available RM Sukuk IMTN & ICP Programme up to RM1.5b

Bank loans and other credit facilities

PRIVATE PLACEMENT:UTILISATION UPDATES

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Private Placement(Completed on 5 May 2020)

Proposed Utilisation Actual Utilisation

RM mil % RM mil (%)

Working capitalTo utilised within 12 months 245.6 53.8 103.0 42.0

Repayment of bank borrowingsTo utilised within 24 months 200.0 43.8 106.2 53.1

Estimated private placement expenses

To utilised immediately 11.1 2.4 11.1 100.0

TOTAL 456.7 100.0 220.4 48.3

Policy: At least 30% of PAT

Dividend Pay-out Amount (RM’mil)Dividend per Share (sen)

Dividend pay-out ratio (%)

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CONSISTENT DIVIDEND COMMITMENT

30.3 30.0 30.3 30.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

2.2 1.9 2.31.2

1.5 2.22.7

1.3

1.51.7

1.1*1.6

2.3 1.4

2017 2018 2019 2020

1Q 2Q 3Q 4Q

6.8

8.07.5

* Lower DPS yet higher payout amount as share base enlarged from 1,468,500,000 to 3,083,849,878 through share split & bonus issue exercise in 2019** This is after including Private Placement (306,507,000 shares) which took place on 5 May 2020 and excluding treasury shares

30.3 27.9 33.840.5

20.0 31.639.6

43.820.024.2

34.523.5

33.8

43.0

2017 2018 2019 20201Q 2Q 3Q 4Q

**

92.9

117.5

150.9

2.5

84.3

For more information, please refer to: http://serbadinamik.com/

http://serbadinamik.com/

APPENDICES

Business Activities• O&M• EPCC• IT Services• Education & Training

Clientele Base• O&G Operators• Gas Processing &

Oil Refiners• Petrochemical

Manufacturers• Engineering

Companies & Contractors

• Independent Power Producers

Industries Served• O&G• Power Generation• Water treatment

Geographical Exposure• Southeast Asia• Middle East• Central & South

Asia• Africa• Europe

GLOBAL INTEGRATED

ENGINEERING SERVICES PROVIDER

ASSET OWNER

Develop, Own, Operate & Maintain with Expertise/

Technology or Resources Possessed/ Acquired

SUSTAINABILITY – BUSINESS MODEL