TAMBUN INDAH LAND BERHAD(Company No. 810446-U)

August 2016

IR Adviser

AQUILAS

Operations Review

Financial Highlights

Growth Roadmap

Investment Case

Appendix

2CONTENTS

Operations Review

4

Achieved take-up rate of 80.0% on total GDV of RM1.7 billion… also noted RM178.4 million new sales in 1H16

OPERATIONS REVIEW

Ongoing Gross Development Value (GDV) @ 30-June 2016

RM1.7 bil(RM1.4 bil @ 31-Dec 15)

Average Take-up Rate@ 30-June 2016

80.0%(81.7% as at 31-Dec 15)

Unbilled Sales @ 30-June 2016

RM311.1 mil(RM324.2 mil @ 31-Dec 15)

New Sales@ 30-June 2016

RM178.4 mil(RM263 mil @ 31-Dec 15)

5ONGOING PROJECTS (@ 30-June 2016)

Raintree Park 1 & Straits Garden major contributors to revenue in 2Q16… unbilled sales of RM311.1 million to be recognized in two to three years

Projects Launched(2012 - 2013)

Type No. of Units Est. GDV (RM’mil)

Take-Up Rate Progress Unbilled Sales (RM’mil)

BM ResidenceCondominiums 108

57.7 98.0% 98.4% 0.9Landed Houses 39

Straits Garden

Business Suites 230

246.6 91.8% 86.5% 30.5Condominiums 183

Apartments 36

Low-medium cost 83

Pearl Residence

2-storey Bungalows 12

224.8 100% 95.9% 9.02-storey Semi-D 112

2-storey Terraces 361

Pearl Impian 2-storey Terraces 285 91.6 99.5% 95.6% 4.0

Pearl Avenue– Phase 1

2 & 3-Storey ShopOffices

100 82.8 100% 93.5% 5.4

Completing projects Tanjung Heights 0.1

Subtotal 1,549 703.5 49.9

Continued to next page…

6ONGOING PROJECTS (@ 30-June 2016) (CONT’D)

Projects Launched(2014 - 2016)

Type No. of Units Est. GDV (RM’mil)

Take-Up Rate Progress Unbilled Sales (RM’mil)

Camellia Park Apartments 121 45.2 94.6% 85.7% 6.1

Permai Residence 2-Storey Homes 51 25.0 91.9% 91.2% 2.0

Pearl Harmoni 2-Storey Homes 362 151.2 97.3% 89.1% 16.0

Bukit ResidenceGated & Non-gated

Link-Homes122 72.3 85.1% 86.8% 8.1

Pearl Avenue- Phase 2

2 & 3-Storey ShopOffices

44 40.1 73.3% 81.4% 5.5

Raintree Park 1

2-storey link semi-D 112

170.5 82.5% 60.2% 56.02-storey gated terrace 170

Duplex Villas 56

Raintree Park 2

2-storey link semi-D 68

222.5 50.3% 21.3% 88.1

2-storey gated terrace 208

Duplex Villas 104

2-storey semi-D 42

2-storey bungalow 4

Avenue Garden Serviced apartments 312 96.4 56.3% 17.2% 44.9

Pearl Tropika 2-Storey Homes 279 148.8 32.4% 28.4% 34.5

Subtotal 2,055 972 261.2

TOTAL 3,604 1,675.5 80.0% 311.1

Sustained demand for affordable properties despite challenging environment…

Financial Highlights

8

Revenue boosted on back of new sales from recent launches and strongcontribution from ongoing projects… better margin on favourable sales mix

3-year PBT CAGR: 19.8%

REVENUE & PROFIT TRENDS

Revenue (RM ‘mil)

PBT & PATMI (RM ‘mil)

27

.0

34

.5

30

.0

36

.2

46

.8

79

.0

11

7.7

13

8.2

13

5.7

76

.2

19

.6

23

.5

23

.8

25

.2

23

.4 40

.8

65

.0

10

2.1

10

1.1

52

.2

FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 1H16

PBT PATMI

97

.1

12

6.0

10

0.9

12

8.1

19

1.8

29

6.9

37

6.4

46

6.8

36

7.7

19

3.6

27.5%30.0%

32.0% 30.8% 31.9%34.9% 36.3%

34.4%

41.2%45.5%

FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 1H16

Revenue Gross Margin

3-year PATMI CAGR: 35.3%

3-year Revenue CAGR: 7.4%

Note: Compounded Annual Growth Rate (CAGR) is over the period 2012-2015

9

Robust balance sheet with net cash position… well positioned to financepotential landbank expansion

(1) Based on 425.3 mil (2015: 424.2 mil) ordinary shares of RM0.50 each(2) Annualised

As at Audited As at 30-Jun-16 31-Dec-15

Non-Current Assets 365.3 363.4 -

Current Assets 419.4 410.5 -

Current Liabilities 182.8 171.2 Higher due to current tax liabilities

Non-Current Liabilities 112.0 140.3 Reduced due to repayment of long term borrowings

Shareholders’ Equity 487.4 459.8 From higher retained profits

Non-Controlling Interest 2.6 2.7 -

Borrowings (ST + LT) 162.9 188.4 -

Cash & Bank Balances 185.1 183.9

Net Gearing Ratio (x) Net Cash 0.01x

Net Tangible Assets / Share (RM) (1) 1.15 1.08

Return on Average Shareholders Equity 22.0% (2) 23.6%

Return on Average Total Assets 13.4% (2) 14.1%

(RM’ mil) Comments

BALANCE SHEET

15

5

22

3

31

0

39

7

46

0 48

7

78 84 98

15

3 18

8

16

3

39

96 1

26

13

8 18

4

18

5

FY11 FY12 FY13 FY14 FY15 1H16

Shareholders Equity Gross Borrowings Cash & Bank Balances

Net Gearing 0.25

Net Cash

Net Cash

Net Gearing 0.04

Net Gearing 0.01

Net Cash

Balance Sheet (RM’ mil)

10

Progressive dividend policy that pays 40% to 60% of net profit… final dividend of 6 sen per share in respect of FY15 to be paid on 17 August

* Dividend Policy: 40% to 60% of net profit excluding any valuation gain or loss on investment properties# Final dividend of 6.0 sen/share

DIVIDEND HISTORY

*

10

.2

11

.8 17

.3 26

.8

41

.0

12

.72

5.6

40.3%

50.3%

42.4% 41.3% 40.1% 40.6%

FY10 FY11 FY12 FY13 FY14 FY15

Dividend Payout (RM’ mil)

Dividend Paid To be paid Payout Ratio

4.63.8

5.36.6

9.7

3.0

6.0

FY10 FY11 FY12 FY13 FY14 FY15#

Dividend Per Share (sen)

#

Growth Roadmap

12

Developments strategically located near developed infrastructure…

Projects Timeline to completion

Land size (acres)

Est. GDV (RM’mil)

Ongoing(launched)

Current to 2018 192.24 1,675.5

Future Projects

2016-2020 405.93 3,167.5

Investment purposes

2015-2020 63.39 -

TOTAL 661.56 4,843.0

PROJECT PROFILE BY LOCATION

13PIPELINE PROJECTS

Pipeline of RM3.2 billion GDV to sustain growth momentum… launching RM365 million in 2016

Projects TypeExpected

commencement

Est. GDV

(RM’ mil)

Pearl Saujana – Phase 1@ Pearl City

Residential units 2016 102.7

Pearl 28 @ Pearl City

Residential units 2016 20.0

Pearl Saujana – Phase 2@ Pearl City

Residential units 2017 87.5

Central Avenue@ Pearl City

2- & 3-Storey Shop

Offices2017 82.1

Camellia Park – Commercial Commercial units 2017 4.0

Alma (TBC) Residential units 2017 48.0

Kota Permai (TBC) Residential units 2018 200.0

Pearl City – Other Phases Residential units 2017-2020 2,623.2

TOTAL 3,167.5

14

Building up recurring income stream… sustain growth through strategic landbanking

GROWTH STRATEGIES

To establish recurring income stream through investment properties

• Long-term lease to GEMS International School commenced since September 2015; Pearl City Mall opened in April 2016 with healthy occupancy

• To further develop and promote Pearl City Business Park to enhance recurring income stream

To identify and expand strategic landbank in and outside Penang to sustain growth

• To leverage on township development experience and duplicate success in potential landbanks

• To fully utilize the group’s balance sheet when opportunities arise for landbanking

Continue to innovate in product offerings to enhance profitability

• To further establish the brand name of Tambun Indah as a quality developer with innovative products at affordable prices

• To fully capitalize on the group’s existing landbank

Pearl City Mall

Investment Case

16VALUATION

1 Based on 426.5 mil shares 2 Based on NTA per share of RM1.153 Based on FY15 Dividend of 9.0 sen per share

Proxy to the rapid development in Mainland Penang…

Share price @ 8-August 2016 RM1.47

Market Cap @ 8-August 2016 1 RM627.0 mil

Trailing PE ratio 5.9x

Price to book ratio 2 1.3x

FY15 Dividend Yield 3 6.1%

17

Attractive proxy to the fast-growing Mainland Penang property market...

► Respected brand name in the Penang property market with an established track record as an innovative and quality developer

► Strong growth catalysts in Penang that will continue to spur property demand, boosted by foreign direct investment and infrastructure projects

Tambun Indah is a good proxy to the Penang Second Bridge’s economic impact, with its iconic Pearl City township development

► Earnings growth to be sustained by existing and pipeline projects of about RM4.8 billion supported by aggressive landbanking to diversify outside of Penang if the opportunity arises

► Committed to creating shareholders’ value by constantly seeking market re-rating

Dividend policy* of 40% to 60% of net profit excluding any valuation gain or loss on investment properties for the financial year

INVESTMENT MERITS

* Effective financial year ended 31 December 2015 (FY2015)

THANK YOU

IR Contacts:

Mr. Steve Neoh T: 04-3240088 steveneoh@tambunindah.com

Mr. Terence Loo T: 03-27111391 / 012-6295 618 terence@aquilas.com.my

Disclaimer:

Any information, details, views or opinions presented in this presentation are solely for your benefit and may not be disclosed in whole or in part by youto anyone. Any information, details, views or opinions presented in this presentation are subject to change without notice. Our company accepts noliability for the contents of this presentation, or for the consequences of any actions taken on the basis of the information provided.

Appendix

20

ⁱBased on weighted average no. of ordinary shares of RM0.50 each during each period

2Q16 2Q15 Change RM'000 1H16 1H15 Change

104,332 60,014 73.8% Revenue 193,647 190,419 1.7%

50,095 28,007 78.9% Gross Profit 88,053 75,632 16.4%

48.0% 46.7% 1.3 pt Gross Margin 45.5% 39.7% 5.8 pt

44,188 22,229 98.8% PBT 76,244 63,515 20.0%

42.4% 37.0% 5.3 pt PBT Margin 39.4% 33.4% 6.0 pt

28,566 17,085 67.2% PATMI 52,185 46,991 11.1%

27.4% 28.5% (1.1 pt) Net Margin 26.9% 24.7% 2.3 pt

6.72 4.05 65.9% Basic EPSⁱ (sen) 12.29 11.14 10.3%

Improved profitability and better margins on back of favourable sales mix and maintained cost-efficiency…

INCOME STATEMENT

78.3

82.6 97.1 118.4

112.0

128.0

116.8

110.1 130.4

60.0 86.2

91.1

89.3

104.3

FY2013 – 2Q FY2016 (RM ’mil)

11

.7

14

.0 17

.2 22

.1 25

.3

25

.4

25

.5

25

.9 29

.9

17

.1 23

.8 30

.3

23

.6 28

.6

FY2013 – 2Q FY2016 (RM ’mil)

Quarterly Group Revenue Quarterly Group Net Profit

21

1H16 achieved 80.0% take-up rate… new launches and ongoing projects driving sales

Total Total

(RM’ mil) (RM’ mil)

Avenue Garden (@ Pearl City) Jan-16 178 54.2 - -

Raintree Park 2 (@ Pearl City) Dec-15 108 56.5 115 55.4

Pearl Tropika (@ Pearl City) Mar-16 99 48.3 - -

Permai Residence Mar-14 5 2.8 5 2.7

Camellia Park Mar-14 5 2.3

Pearl Avenue 1 (@ Pearl City) Apr-13 4 4.5 1 0.7

Raintree Park 1 (@ Pearl City) Dec-14 3 1.6 254 126.2

Pearl Harmoni (@ Pearl City) Apr-14 3 1.5 49 21.9

Bukit Residence May-14 2 1.2 14 8.8

Pearl Residence (@ Pearl City) Dec-12 1 0.6 21 12.5

BM Residence Aug-12 1 0.4 6 3.1

Straits Garden Oct/Nov-12 - - 75 9.1

Pearl Impian (@ Pearl City) Dec-12 - - 10 4.0

Pearl Avenue 2 (@ Pearl City) Dec-14 - - 11 10.0

Past Completed Projects 5 4.5 15 9.0

TOTAL 414 178.4 465 263.4

Project NameLaunch

Date

Total No. of

Units sold in

FY15

Total No. of

Units sold in

1H16

1H16 SALES OVERVIEW

22

Pearl City township major contributor to Group revenue… Recurring rental income from GEMS International School contributing positively

RM’ mil% Group

RevenueRM’ mil

% Group

Revenue

Property Development & Management

Pearl City launches:

- Pearl Indah 1, 2 & 3 4.68 2.4% 13.56 3.7%

- Pearl Square 1 & 2 - - 0.53 0.1%

- Pearl Residence 19.17 9.9% 34.17 9.3%

- Pearl Impian 4.98 2.6% 8.28 2.3%

- Pearl Avenue 1 & 2 18.51 9.6% 24.34 6.6%

- Pearl Harmoni 8.65 4.5% 69.71 19.0%

- Raintree Park 1 40.40 20.9% 43.67 11.9%

- Raintree Park 2 20.88 10.8% 2.95 0.8%

- Avenue Garden 9.30 4.8% - -

- Pearl Tropika 13.71 7.1% - -

Tanjung Heights 1.12 0.6% 2.91 0.8%

BM Residence 0.44 0.00 10.01 2.7%

Straits Garden 27.87 14.4% 77.34 21.0%

Camellia Park 7.50 3.9% 19.66 5.3%

Permai Residence 3.01 1.6% 7.11 1.9%

Bukit Residence 6.19 3.2% 31.40 8.5%

Impian Residence - - - -

Past Completed Projects 4.98 2.6% 17.89 4.9%

Sales of land & Property Management 0.14 0.1% 0.41 0.1%

Sub Total 191.52 98.9% 363.93 99.0%

Other Revenue

Construction, Rental, Carparks, etc 2.13 1.1% 3.73 1.0%

Total 193.65 100.0% 367.66 100.0%

FY15`

1H16 • Pearl City developments made up72.4% of 1H16 group revenue

• Compared to 53.6% of FY15revenue

• Steady billings anticipated fromStraits Garden, Raintree Park 1and Raintree Park 2 in FY2016

REVENUE ANALYSIS BY PROJECT

• Investment Properties

• GEMS International School,Mainland Penang’s firstinternational school recentlycommenced operations inSeptember 2015

• Pearl City Mall soft-launched inApril 2016; healthy occupancy atpresent

Corporate Profile

24

An established reputation for developing modern, relatively affordable projects... pioneering many firsts in Mainland Penang

Founded in 1994, Tambun Indah is reputable in Mainland Penang for high-quality, modern design projects at relatively affordable prices

Many of our developments are enjoying full take-up rates & high prices in secondary home market

Pioneered Penang’s first-ever gated & guarded landed community – Taman Tambun Indah (launched in 1994)

Also unveiled Seberang Prai’s first strata-landed gated community, Palm Villas (launched in 2007)

Has launched approximately 8,400 units with total GDV of approximately RM3.2 bil since inception

Now developing the first integrated township in Mainland Penang at Simpang Ampat, Pearl City

Iconic flagship with an estimated GDV of RM4.6 bil

Slated for completion by 2020

Tambun Indah was included in FORBES ASIA’s 200 “Best Under a Billion” list for 2013, 2014 and 2015

BACKGROUND

25

Combined approved manufacturing investments of more than RM30.0 billion since 2010 [Source: MIDA]

Significant domestic and foreign direct investments (DDI and FDI) include:

Aviatron Boon Siew Honda VAT Phison Electronics Bose Malaysia Automotive Lighting Haemonetics Corporation Hewlett Packard Seagate Sandisk Corporation Inari Amertron VITROX Corporation Shared Services Hub (MOU with Temasek):

o Business Process Outsourcingo Penang International Technology Park

Expansion of Batu Kawan Industrial Park to generate new manufacturing activities & employment opportunities

Tourism and medical tourism seen as future growth drivers, complemented by proposed Premium Outlet and theme park

Penang Second Bridge to spur further economic growth by improving transportation network

Penang economy increasingly robust... strategies in place to keep the momentum going

PENANG GROWTH CATALYSTS

26POPULATION SHIFT

Pearl Garden (Launched 2009)

Increasing movement from Penang Island to Mainland spurred by growing job opportunities, improved transportation network and relatively more affordable homes

External migration drawn by Penang’s economic success

Mainland Penang property market has seen an increased influx of buyers from the island as well as out-of-state buyers…

28%

26%25%

4%

17% Penang Island

Seberang Perai Selatan

Seberang Perai Tengah

Seberang Perai Utara

Others

37%

13%14%

9%

27%

Pearl Residence (Launched 2013)

27

Pearl City Mixed Development in

Simpang Ampat; Seberang Perai Selatan

To gain complete exposure and benefit from completion of Penang Second Bridge

Upon completion, Pearl City will be a well-integrated city complemented with:

• Public amenities• Recreation facilities• Healthcare facilities• Retail amenities• >15,000 residential

housing units

Pearl City with locations of impending and existing developments

Pearl City: Group’s flagship development to meet growing demand for residential properties in Mainland Penang…

PEARL CITY

28

Pearl City 5-min drive from North-South Highway

15-min to 20-min drive from 1st & 2nd

Penang bridges; and

1-min drive from Electrified Double Track Commuter Train station

Strategically located near existing and future transportation infrastructure…

PEARL CITY TRANSPORT INFRASTRUCTURE

29

Pearl City

12 industrial parks located within a 15km radius from the project

These include: Prai Industrial Estate Penang Science Park Bukit Minyak Industrial Estate Bukit Tengah Industrial Estate Batu Kawan Industrial Park

Surrounding industrial parks capable of generating abundant employment opportunities

Well-placed to tap into the existing and future industrial developments in Mainland Penang…

PEARL CITY CATCHMENT AREA