CMS MANAGEMENT PRESENTATION

1

Disclaimer

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

The information contained in this presentation has not been independently verified. No representation orwarranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy,completeness or correctness of the information or opinions contained in this presentation. Neither Cahya MataSarawak Berhad (“CMSB”) or any of its affiliates, advisers or representatives shall have any liability whatsoever(in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, relianceor distribution of this presentation or its contents or otherwise arising in connection with this presentation.

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

The value of shares in CMSB (“Shares”) and the income derived from them may fall as well as rise. Shares arenot obligations of, deposits in, or guaranteed by, CMSB or any of its affiliates. An investment in Shares is subjectto investment risks, including the possible loss of the principal amount invested.

21/09/2016 2

Today’s Presenters

3

Y D H Dato’ Richard Alexander John Curtis

Group Managing Director

Joined CMS in 2006 as GMD.

Non executive directorship positions include K&N Kenanga Holdings

Bhd, Kenanga Investment Bank Bhd.

Bachelor of Law (LL.B.) Honours from Bristol University, UK, Sloan

Fellow of London Business School, admitted and practised as a

solicitor in England and Hong Kong.

Joined CMS in 2005, appointed GM, Group Finance & Treasury at

end 2005, Group CFO in September 2009.

Non executive directorship positions include KKB Engineering

Berhad.

Bachelor of Science with Finance major and Economics minor,

San José State University, California.

Tuan Syed Hizam Alsagoff

Group Chief Financial Officer

Contents

Section 1 Sarawak Overview

Section 2 CMS Overview

Section 3 Business Overview

Section 4 Financial Highlights

Section 5 Sustainability Statement & Governance

Section 6 Group Strategies & Going Forward

21/09/2016 4

5

Section 1

Sarawak Overview

Malaysia Sarawak

Area: 330,250 Sq.Km

Population: 28.5 Million

Capital City: Kuala Lumpur

Number Of State: 13

Area: 124,449 Sq.Km

Population: 2.5 Million

Capital City: Kuching

Number Of Division: 11

South China Sea

Area and Population

6

Sarawak

21/09/2016

About Sarawak and SCORE

• Location North-Western shore of Borneo Island

• System of Parliamentary democracy with a constitutional monarchGovernment

• Population About 2.5 million (with an average growth rate of 1.8%)

• Ethnic Group Malays, Iban, Chinese, Bidayuh, Melanau, Orang Ulu, Indianand other indigenous groups

• Climate Tropical: warm and sunny throughout the year.

Sarawak Corridor of Renewable Energy (SCORE)

• Period 2008 – 2030

• Vision To be a Developed and Industrialised State

• Launched by YAB Prime Minister on 11 February 2008

• Area Covered 70,708 (Central Region)

(km2)

• Corridor Authority Regional Corridor Development Authority (RECODA)7

State Credit Rating

Standard &

Poor’s

A-

Stable Outlook

Moody’s Investors Services

A3

Stable Outlook

Ram Rating

Services

AAA

Strong Outlook

Malaysia Rating Corp.

AAA

Strong Outlook

821/09/2016

5 Growth Nodes of SCORE

1. ACCESS ROAD 62KM TO

MURUM HEP

3. PROPOSED ACCESS ROAD

73KM TO BALEH HEP

5. PROPOSED ACCESS ROAD

TO TUNOH

2. ACCESS ROAD 127KM TO

BARAM HEP

6. SAMARAKAN/SANGAN/ NG.

MERIT/KAPIT ACCESS ROAD

159KM

4. PROPOSED ACCESS ROAD

TO LIMBANG HEP

11. MUKAH WATER SUPPLY

8. WATER SUPPLY TO

SAMALAJU ( Phase 1 Stage 1)

Bintulu

Mukah

Miri

Lawas

Limbang

KAPIT

BAKUN HEP

(2,400 MW)

BALEH HEP

(1200 MW)

BARAM HEP

(1000 MW)

LIMBANG HEP

(150 MW)

LongLama

Belaga

Beluru

MURUM HEP

(990 MW)

Tunoh

TANJUNG

MANIS

10. TG MANIS WATER SUPPLY

12. JALAN HAB HALAL TG MANIS

7. PROPOSED NEW MUKAH

AIRPORT 9. WATER SUPPLY TO

SAMALAJU ( Phase 1 Stage 2)

SAMALAJU INDUSTRIAL PARK

TG. MANIS HALAL HUB DEV’T

TG. MANIS TELECOM.

KanowitSong

Samalaju

Baram

Tunoh

Samarakan

Baleh bridge

Sangan – Sg. Anap 18km

B1 : 16km

Samalaju Heavy and Energy

Intensive IndustriesMukah

Smart City,

Services Hub &

R&D

Baram

HEP, Oil Palm and

Forest Plantation

Eco-Tourism

TunohOil Palm and Forest

Plantation, Agriculture

and Eco-Tourism

Tanjung ManisHalal Hub

SIBU

SARIKEI

BATANG AI

HEP

(100 MW)

BETONG

SRI AMAN

KUCHINGSAMARAHAN

9

Summary of Investment by Growth Nodes

No. Growth NodeNo. of

Project

Investment

(RM Bn)Jobs

Land

(ha)

Water

(MLD)

Electricity

(MW)

Gas (mil.

scf/day)

1 Samalaju 27 44.5 17,009 2,400.3 127.4 3,923.0 14.9

2 Mukah 1 0.6 800 366.0 4.0 90.0 17.7

3 Tanjung Manis 3 2.3 1,852 1,709.0 3.7 61.0 0.0

4 Kidurung 1 2.6 500 30.0 0.0 10.0 0.0

Total 32 50.0 20,161 4,505.3 135.1 4,084.0 32.5

1021/09/2016

21/09/2016 11

Ph 1 (operational by 2014/2015)

1: Press Metal

2: Tokuyama

3: OM Materials

Ph 2 (2016 & beyond)

1: Sakura

2: Asia Advanced Materials

3: Pertama Ferroralloys

4: Malaysian Phosphate

5: Elkem

6: PMB Carbon

7: Indo Mall

8: Makmoni

Ph 3 (2017 & beyond)

1: Cosmos Petroleum

2: Leader Universal

3: Aimbest Steel

Ph 4 (post 2018)

1: Toho Titanium

2: SIMPAC Metalloy

3: Smelter Asia

Industrial Plot Development Phasing

Centre for heavy & energy intensive industries More than 8,000 ha of land Located 62 km away from Bintulu town

12

Samalaju Industrial Park

13

Section 2

CMS Overview

Our Vision & Mission

VISION

To be the PRIDE of Sarawak & Beyond

21/09/2016 14

MISSION

P Producing Quality, On Spec & On Time

R Respect & Integrity

I Improving, Innovating & Investing in People

D Delivering Sustainable Growth

E Environmentally Conscious, Safe & Conducive Workplace

STAKEHOLDERS\

Shareholders, Staff, Customers & Community

Company Snapshot

Sarawak’s largest company in

infrastructure development

Total assets: RM3,231mn

S/holders’ funds: RM2,018mn

NA per share:Net Cash per share (of RM0.50 each)

RM1.8

RM0.30

Key Statistics

Revenue: RM1,788mn

PBT: RM389mn

Basic EPS: 23.31 sen

DPS: 4.5 sen

15

ROE: 12.96%

ROA: 7.68%

Current ratio: 2.14 x

Issued Shares: 1074.38 mn

Share Price: RM3.85

Market Cap: RM4,136.3 mn

Historical PER: 17 x

PBV ratio: 2 x

Balance Sheet(FYE Dec 2015)

Income statement(FYE Dec 2015)

Key ratios (FYE Dec 2015)

Market metricsas at 19 September 2016

One of Sarawak’s largest listed company, with

over 2,200 employees plus 1,691 in its 3

associate companies.

Incorporated in 1974; Listed on KLSE in 1989.

Formerly a construction conglomerate BUT

TODAY, CMS has a sustainable and profitable

portfolio of businesses focussing on Sarawak

and SCORE.

Public float: c. 35%

Substantial shareholders (as of 2 August 2016)

Shareholding (‘000)

%

Majaharta Sdn Bhd 134,775 12.54

Employees Provident Fund 122,589 11.41

Lejla Taib 111,000 10.33

Dato Sri Sulaiman AB Rahman Taib 88,395 8.23

Dato Sri Mahmud Abu Bekir Taib 88,200 8.21

Sarawak Economic Development

Corporation 60,896 5.67

Overview of Key Business Segments

16

Cement

Sole cement &clinker manufacturer in Sarawak.

Construction Materials & Trading

Responsible for 5 quarries, 8 premix plants, a wire productionline & trading business

Construction & Road Maintenance

Involved in wide range of construction & road maintenance projects across Sarawak.

SamalajuDevelopment

25% investment in OMS ferrosilicon & manganese smelter (in production)

40% investment in MPA Sarawak – phosphate complex (production 2018+)

PropertyDevelopment

Owns 2 large land banks in Kuching.

Planned new township & service centre & workers accommodation in Samalaju

StrategicInvestments

Listed

25.07% stake in K&N Kenanga

20% stake in KKB Engineering

Unlisted

CMS Opus

Tunku Putra School

Core divisions generating bulk of group revenue and earnings, will continue to grow in tandem with Sarawak’s

growth story

Future growth driver

Strong growth potential with value added by

CMS

Hidden gem to be unlocked

Uncover growth potential within

the ICT sector

ICT Division

50% non-controlling stake in SACOFA – a tele-communicationsinfrastructure arm

Profitable businesses focus on Sarawak & SCORE development

Datuk Syed Ahmad Alwee Alsree, GroupExecutive Director (12 years in CMS).

17

Experienced Management with Proven Track Record

Centre

Key Business Divisions

Dato Isaac Lugun, CEO of Samalaju Industries

(20 years in CMS).Goh Chii Bing, ED/CEO of Cement Division (24 years

in CMS)

Dato’ Richard Alexander John Curtis, Group

Managing Director (10 years in CMS).

Lim Jit Yaw, CEO of the Construction & Road

Maintenance Division (10 years in CMS)

Vincent Kueh Hoi Chuang, ED/CEO of the Property

Development Division (4 years in CMS)

Chong Swee Sin, CEO of Construction Materials

& Trading Division (25 years in CMS).

Tuan Syed Hizam Alsagoff, Group Chief

Financial Officer (11 years in CMS).

Goh Chii Yew, CEO of Samalaju Property

Division (15 years in CMS).

Mohd Zaid Zaini, Head of ICT Division (2 years in

CMS)

Corporate Milestones

18

Established as Cement Manufacturers Sarawak.

Listed on KLSE.

Adopted current name.

Acquired RHB Bhd

Disposal of CMS Roads and Pavement to UBG Bhd.

Acquired 20% stake in KKB Engineering Bhd.

Commenced manufacturing Ordinary Portland Cement at Sarawak’s 1st grinding plant.

Rapid business expansions via acquisition of infrastructure related businesses.

Diversification into new businesses.

Restructuring of financial services business.

CMS’ futures & stockbroking businesses merged with K&N’s in exchange for shares in K&N.

Disposed RHB Bhd for RM2.25b.

Disposal of UBG Bhd.

Re-acquired CMS Roads and Pavement.

Rationalisation of businesses to focus on key

competencies in Sarawak & SCORE

1974 1978 2001199619941989 200820072002 2010

Ceased operation of loss making IT companies.

2009

Signed JVA with MPA to develop a RM2.00b phosphate plant.

OM Materials achieved commercial production

2011

Acquired 50% non-controlling stake in SACOFA

20162013 2014 2015

MPA signed both PPA & EPC agreements

Share Price Performance

19

High Low

2014 RM 4.72 RM 1.47

2015 RM 6.00 RM 3.87

2016 RM 5.36 RM 3.17

20

Section 3

Business Overview

21/09/2016

523 515 548 560

272 258

66 97 120 10355 42

0

200

400

600

2012 2013 2014 2015 1H15 1H16

Revenue PBT

1. Cement Division

Group’s core PBT driver (31% of revenue; 27% of PBT in FY2015).

Sole cement & clinker manufacturer in Sarawak.

Well positioned to leverage on increased construction activities in the state.

Sarawak’s sole cement manufacturer witha 2.75m Mtpa capacity

Ran at 90+% capacity in 2012 – 2015.

New 1m MTpa plant in Mambong hascommissioned

Future plans: To setup a 4000T silo & toadd a packing machine .

Sarawak’s sole clinker manufacturer with reserves of 50+ years.

Sole 0.84m MTpa plant is currently fully utilised.

Upgraded plant runs on cheaper coal alongside a 10+% capacity expansion.

Future plans: Assess option of 2nd clinker line for total self sufficiency and marginal exports.

Clinker

Leading manufacturer of pre-cast concrete products and ready mix supplier

70k MTpa facility for concrete products, running at 50-60% utilisation rate.

70k MTpa IBS plant with an 82% utilisationrate.

Provides installation services for IBS products

Future plans: Increase IBS and concrete products. Possible second IBS plant and a permanent ready-mix plant in Samalaju

Cement Concrete Products

21

Cement Supply & Demand in Sarawak

21/09/2016 22

NOTES

1) All cement imports were by CMS Cement with negligible profit

contribution.

2) Sales projections are based on recent revisions following demand

levels in 2015

3) Cement exports are on a token scale to Kalimantan & Sabah,

though long term Kalimantan has potential to grow due to on-going

cement shortages.

Local demand to outgrow local

cement production between 2012

– 2014 where the existing plants are

expected to run close to maximum

capacity (c.90%+).

Local production meets local

demand in 2016 with the new

Mambong plant coming on stream.

290

300

310

320

330

340

350

360

370

380

390

2009 2010 2011 2012 2013 2014 2015

RM

pe

r M

T

Average Cement Retail Selling Price

Kuching Bintulu Miri

0

500

1,000

1,500

2,000

2,500

3,000

2010 2011 2012 2013 2014 2015 2016F

'000

MT

Sarawak Cement Demand & Production

Cement Imports

Annual Sales by CMS Cement

CMS Cement Production

281393

599 645

328254

41 55 76 10848 48

0

200

400

600

800

2012 2013 2014 2015 1H15 1H16Revenue PBT

2. Construction Materials & Trading

21/09/2016

Sebanyis Quarry Pulled wires

Typical plant

5 quarries in Kuching with licences of up to 20 years.

3.45m MTpa of rated capacity, or an equivalent 35% market share.

Production capacity at Sibanyis increased from 350 MTph to 500 MTph in 2Q 2015.

Future plans: To increase production capacity at Sibanyis to 1.30m Mtpa by end 2017. To identify potential quarries in the northern region and develop additional wharf facilities to improve transportation.

8 plants in Kuching, Sarikei, Sibu, Miri, Bintulu and Limbang to manufacture, deliver and lay Premix (asphaltic concrete), bitumen emulsion & cutback bitumen for use in roads and airport runways.

Capacity: 2 plants have rated capacities of 250 MTph, 2 of 150 MTph, 2 of 100 MTph or below and 1 mobile plant with capacity of 100 MTph. Market share of 60-70%.

Purchased two more 150 MTph mobile premix plants to meet the increasing demand for premix in Sarawak

Future plans: Mobile premix plant to be relocated to Kapit to serve the demand in the region

Wires One 5,500 MTpa plant manufacturing steel

wires and wire mesh; Utilisation rate: 80+%; Market share: 20%

Rated Capacity: 5,500 MTpa

Trading arm

Trades as agent / distributor;

Range of water management products, construction materials & systems, road management products, building protection systems, petroleum products and others

Quarries Premix Wires & Trading

One of the core revenue and earnings

drivers.

Accounted for 36% of group revenue and

28% of earnings in FY2015.

Complementing cement, construction and

property development divisions.

23

3. Construction & Road Maintenance

Undertakes construction, road & infrastructure projects (including specialist pavement laying).

Holding concessions till 2017-2018 to maintain 680km approx of the Federal roads and 5,660km of the State roads.

Original role as a “cartel” breaker has expired and now following new strategies:

• bid in consortiums to harness multiple competencies and to manage risks; and

• Targets smaller scale non tendered road works.

• Focuses on niche construction projects e.g. construction and water projects

Future plans: To ensure the 2 key PBT anchors namely the State & Federal Road Concession contracts are renewed & expanded in scale/scope.

24

Jalan Mulukun, Kapit Road repairs

Strong recurring income from the road maintenance concessions.

Borneo Convention Centre Kuching

21/09/2016

235289

364

444

209 182

81 95 84135

47 41

0

100

200

300

400

500

2012 2013 2014 2015 1H 15 1H 16

Revenue PBT

4. Property Development (Kuching)

25Potential growth to be unlocked from the vast undervalued development land bank

Owns 2 large Kuching land banks & other small

parcels (5,600 acres in total)

Strong potential for long term sustainable

growth with ongoing steady land sales to

underpin profits and to catalyse development of

remaining parcels.

Integration of Samalaju Properties & Property

Development’s resources is on track

*Note: Samalaju Properties & Samalaju Hotel have been reclassified to

this Division starting 1 Jan 2016

6075

114

90

35 4124 31

46

206 7

0

20

40

60

80

100

120

2012 2013 2014 2015 1H 2015 1H 2016Revenue PBT

Development of Landbanks in Kuching, 2013 - 2018

Location

% owned

by CMSB

AcresEst. GDV

2013 – 2018 (RM million)

Acresdeveloped

(2013-2018)

Type of Development

Land Sales (2013 –2018)

AcreageRM mil

Bandar SamariangPhase 1 (balance) & Part of Phase 2

100% 4,211 474 155Mixed use – mid income

635 67.2

The Isthmus *51% 199 511 55 Mixed use – new CBD 5.0 9.9

Lot 9244 100% 19 262 19Semi Detached, Condominiums

- -

Lane Park Residences

100% 3.5 26.5 3.5Boutique high end Semi-Detached

- -

Bintawa Lot 622 *51% 8 80 8 Commercial - -

Bintawa Lot 2520& 2521

*51% 35 350 35Commercial with river frontage

- -

Toll Bridge land Lot 9882

100% 8 150 8Mixed use – prime river frontage

- -

TOTAL 4,510.9 1,853.5 283.5 640.0 77.1

26NOTE: Minority shareholder is Sarawak Economic Development Corporation (SEDC)

4. Property Development (Samalaju)

21/09/2016 27

CMS’ direct involvement in Samalaju covers:

Planned new Township and service centre;

Workers accommodation and related services; and

Investments in 2 energy intensive industrial plants in SIP (slides 31 to 36).

Samalaju Industrial

Estate

Samalaju Resort Hotel

Samalaju Properties’ Landbank covers:

1. Approx. 2126 acres for Samalaju Eco Park (township)

1. 81 acres for Samalaju Central – a mix of commercial &industrial lots

2. 98 acres of beachfront land. 23 acres allotted to SamalajuResort Hotel & remaining 75 acres is planned forcommercial developments.

3. Approx. 206 acres is earmarked for a Light Industrial Park(small & medium sized businesses)

Samalaju Resort Hotel

Property Development (Samalaju)

Key Highlights

Samalaju Eco-Park township of approx. 2,126 acres. A first of its kind green township development with a mix of residential and commercial developments

Operating the only Government approved workers, supervisors & executive camps in Samalaju.

The provision of accommodation and meals is expected to continue for up to 10 years pending completion of the planned permanent township.

A Hotel / Serviced Units of 175 rooms is operational as soft opening was on 20 Dec 2014

21/09/2016 28

Workers Lodge

Eating Area

155 153172

182

85 938567

80

119

45 53

0

50

100

150

200

2012 2013 2014 2015 1H15 1H16Revenue PBT

5. ICT – Sacofa Sdn Bhd

A one-stop centre providing telecommunication infrastructure in Sarawak

Sole provider of telecommunication towers in the State

Holding concessions till 2022 to build, manage, lease and maintain towers; currently operating more than 600 towers

Owns & operates over 5000km of on-land fibre network & 950km of optical fibre submarine cable system

Future plans: To tap into the fast growing ICT business & to advance within the technology industry

29

Jalan Mulukun, Kapit

6. Strategic Investments - Listed

30

Both strategic investments have strong growth potential

with value added by CMS and are not earmarked for

divestment or takeover.

Concrete product

manufacturing plant

K&

N K

enan

ga

• New management team installed in 2011 who revamped the business and changed its focus to more profitable areas.

• One of top three largest brokerage houses in Malaysia,with one of the largest pools of remisiers in the country

• Awarded the Best Performing Equity Malaysia Fund award for the 5-year and 10-year categories at the Lipper Fund Awards 2015 (Malaysia)

KK

B E

ngi

nee

rin

g • Expansion into O&G are likely to create new material growth opportunities.

• Secured a three-year Petronas-Approved Supplier licence for “Offshore facilities Const-Major Onshore Fabrication”

• Associate OceanMight secured a major project from Talisman Malaysia for EPC works relating to the wellhead platforms for the Kinabalu Redevelopment Project -scheduled to be complete by mid-2017

25.38% 20.05%

Market Value as of 19/9/2016:

RM88.04 million

Market Value as of 19/9/2016:

RM73.39 million

31

SCORE - Background

One of the 5 development corridors by the Federal and Sarawak State

Government to turn Sarawak into a developed state.

To lift the Sarawak’s economy by increasing income per head and improve the

quality of life for the people of Sarawak.

Core ~ energy resources: Hydropower (28,000 MW), coal (1.46 billion MT) and

natural gas (40.9 trillion sq cubic ft).

Source: ADL Analysis, EPU Sarawak

Expected investment of up

to RM334 billion (20%

from govt. and 80% from

private sector).

CMS is set to be a major

local participant of

developments under

SCORE.

Project ProductCommencement of

OperationAnnual Capacity

Investment Value (USD)

Status

Tokuyama Polycrystalline Silicon 1st Phase: Jun 20132nd Phase: Apr 2014

1st Phase: 6,200 MT2nd Phase: 13,800 MT

2.5 billion In operation

Press Metal Aluminium Sep 20121st & 2nd Phase: 440,000 MTFull Capacity: 760,000 MT

2 billionAdvanced stage to

ramp up the 3rd

Phase

AML (PertamaFerroalloy)

Manganese Ferroalloy 2016 Full Capacity: 434,000 MT 325 millionCommissioned -

June 2016

Asia Advanced Materials

Metallic Silicon 2017 Full Capacity: 100,000 MT 203 millionEarthwork completed

Sakura Ferroalloys

Ferro manganese & SiliconManganese

2016Ferro Manganese: 100, 000 MTSilicon Manganese: 60, 000 MT

328 millionCommissioned -

May 2016

Cosmos Chemicals

High quality solar and electronics grade polysilicon

2017 25,000 MT 1.6 billionPre-earthwork

stage

OM Materials (Sarawak)

Ferrosilicon Alloys (1st Phase)Manganese Ferroalloys &

Sintered Manganese Ore (2nd

Phase)

Commission: 2H 2014 1st Phase: 308,000 MT 592 million (Slide 33)

MPA (Sarawak) Phosphate Products & CokeCommission: 1H 2018

Full production: 2H 2018

Phosphate Products: 500,000 MTCoke: 450,000 MT

545 million (Slide 35)

Key Projects at Samalaju Industrial Park

32

Samalaju Development – OM

Materials (Sarawak) Shareholders CMS (25%)

OM Holdings Ltd (75%), ASX listed & one of the world’s largest manganese ore producers

Forecasted PlantCapacity

Phase 1: Ferrosilicon Alloys (FSA), 16x25.5MVA, 308,000 MTpa

Cost/ Funding Phase 1 Capex USD 592m. 70% debt 30% equity

Current Status R&R project financing with 5 Banks expected to conclude by Q3 2016

All furnaces built but only 6 are in-operation pending the R&R approval

Key Dates Full production by end of Q2 2017

33

34

Samalaju Development –

OM Materials (Sarawak) S/B

Logistically well located with the planned Samalaju port providing convenient access to growing Asian FA markets.

20 year 500mw Power Purchase Agreement already signed underpinning smelter’s competitive cost position.

Part of a well established vertically integrated business of OM Holdings Ltd.

Tried & tested technology & lump sum turnkey EPC with expected LAD for delays or performance shortfalls.

Binding Off-take arrangements signed with JFE Shoji, Hanwa and Fesil Sales AS exceed 60% off-take of the project’s Phase 1 production.

OM Sarawak’s position on the operating cost curve places it amongst the most competitive in 2015 on a CIF Japan basis.

Steel production to grow at CAGR of 4.54% up to 2025(which will feed through to FA demand), with projected production levels are likely to be remain below demand.

Key Economic

Drivers

10-year tax holiday and no import and/or export duties drives the competitive advantage further

35

Samalaju Development – Malaysian

Phosphate Additives (Sarawak)

Shareholders CMS (40%)

Malaysian Phosphate Additives (40%), Phosphate producers since 2005 & have successfully developed & commercialised its process technology for Phosphate products at the manufacturing facility in Lumut

Arif Enigma Sdn Bhd (20%)

Power 150 MW

Plant Capacity 1.4 million MTpa of Phosphate & related products (by 2020) manufactured within 9 integrated plants

Cost/ Funding Total investment is approximately RM 2.20 billion

To be funded via mixture of shareholders’ equity & long-term bank funded debt

Project Finance In active discussions with major local financial institutions to select arrangers & line up lenders

EPC Construction will be on lump sum EPC basis by suitably experienced EPC contractors with some nominated sub-contractors/suppliers. Pre-tender discussions are ongoing

Off-take & Raw Materials

Plan to sign long term commitments for 60% of each. This is progressing on schedule

Key Dates Production start in H1 2018 and full production H1 2019

Samalaju Development - Malaysian

Phosphate Additives (Sarawak)

Logistically well located directly across from Samalaju Port with conveyor belts and pipelines to transport raw materials and finished goods.

Access to competitively priced reliable & long-term (20 years) power underpins the competitive cost in production for Phosphate.

Agreements for key raw materials supply and production offtake are under negotiation to be signed up for approximately 60% of each.

Diversifies CMS’s manufacturing business into a new segment with long term sustainable growth & future downstream investment opportunities

Integrated Phosphate products complex enables a variety of phosphate products beyond the primary product to be produced so production can switch between products to maximize margins

Global demand for Phosphate products set to grow 2+% per annum reflecting both population growth, higher affluence & lack of alternative products. This will grow demand for animal feed, fertilizer, processed foods/beverages & detergents/cleaning materials.

Key Economic

DriversStrong potential to attract downstream industries targeting both Malaysian & export markets in Food, Fertiliser, Feed & Detergent segments who can reduce manufacturing costs by switching to MPA’s locally produced phosphate products. This locks in long term demand

10-year tax holiday and no import and/or export duties drives the competitive advantage further

36

37

Section 4

Financial Highlights

Group Financials

38

2007 2008 2009 2010 2011 2012 2013 2014 2015 1H 2016

Revenue(RM’000)

871,793 893,033 874,600 943,476 1,012,609 1,203,565 1,416,841 1,693,898 1,788,008 745,723

PBT(RM’000)

(48,018) 150,570 98,526 118,796 178,715 226,906 294,894 341,452 388,596 65,669

PATNCI(RM’000)

388,165 95,770 40,989 65,781 120,023 135,735 175,072 221,335 248,149 8,949

S/holders’funds

(RM’000)1,238,247 1,248,825 1,277,970 1,312,667 1,416,025 1,480,923 1,654,117 1,811,732 2,017,501 2,032,718

ROE(%)

37.15 /(2.27)

7.70 /4.51

3.24 5.08 8.80 9.37 11.17 12.77 12.96 0.44

Borrowing(RM’000)

678,303 649,767 534,236 394,586 215,747 89,826 100,102 104,796 163,678 278,103

Gearingsratio

(times)0.55 0.52 0.42 0.30 0.15 0.06 0.06 0.06 0.08 0.14

EPS (sen) 117.82 29.07 12.44 19.97 36.43 41.3952.56/17.46

21.42 23.31 0.83

Cash(company)(RM’000)

626,190 322,086 404,726 753,990 625,542 493,129 579,392 674,600 256,881 219,228

1,481 1,654

1,812 2,018 2,033

524 614830

32527290 100 105 164 278

0.060.06

0.06

0.08

0.14

0

0.02

0.04

0.06

0.08

0.1

0.12

0.14

0.16

-

500

1,000

1,500

2,000

2,500

2012 2013 2014 2015 1H 2016

tim

es

RM

mill

ion

Balance Sheet

S/holders’ funds Cash Borrowing Gearings

Group Key Financials 2012 – 1H 2016

39

Revenue ’11 - ’15 CAGR = 15.3%

*Adjusted for share split & bonus issue in June 2014

1,2041,417

1,674 1,788

868 746

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2012 2013 2014 2015 1H15 1H16

RM

mill

ion

Revenue

PBT ’11- ’15 CAGR = 21.6%

227295

341389

16266

18.9%20.8% 20.4%

21.8%

18.6%

8.8%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

0

100

200

300

400

500

2012 2013 2014 2015 1H15 1H16

RM

mill

ion

PBT & PBT Margin

PBT PBT Margin

41.39

17.52 21.42 23.319.30

0.83

9.37%11.17%

12.77% 12.96%

5.32%

0.44%

-1%

1%

3%

5%

7%

9%

11%

13%

0

10

20

30

40

50

2012 2013* 2014 2015 1H15 1H16EPS ROE 1H ROE

RM

se

n

EPS ’11 - ’15 CAGR = 17.7%

Revenue Breakdown 2012 – 1H 2016

40

523 515 548 560

272 258

281 393

599 645

328 254

235

289

364

444

209

182

60

75

114

90

35

41

72

113

15

17

5

0

33

32

34 32

18

11

-

0

0

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2012 2013 2014 2015 1H15 1H16

Revenue by segment (RM'm)

Others

SamalajuDevelopment

PropertyDevelopment

Construction &Road Maintenance

ConstructionMaterials &Trading

Cement43%

36% 33% 31% 31% 35%

23%

28% 36% 36% 38% 34%

20%20%

22% 25%24% 24%

5% 5%

7% 5% 4% 6%6% 8%1% 1% 0% 0%3% 2%

2% 2% 1% 1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012 2013 2014 2015 1H15 1H16

Revenue by segment (%)

PBT Breakdown 2012 – 1H 2016

41

66 97

120 103

55 42

41

55

76 108

48 48

81

95

84

135

47 41

24

31

46

20

6

7

25

27

9

2

(1)

0

(11)(10) (11)

(14) (11) (23)

17

34

18

(49) (50)

-

50

100

150

200

250

300

350

400

2012 2013 2014 2015 1H15 1H16

PBT by segment (RM'm)

Associates

Others

SamalajuDevelopment

PropertyDevelopment

Construction & RoadMaintenance

ConstructionMaterials & Trading

Cement29%

33% 35%27%

34%63%

18%19%

22%

28%30%

73%

36%32%

25% 35% 29%

62%

11%11% 13%

5%4%

11%

11%9% 3%

1%

-1%

0%

-5% -3% -3% -4%-7% -35%

5%9%

11%

-15%

5%

25%

45%

65%

85%

2012 2013 2014 2015 1H15 1H16

PBT by segment (%)

-74%

Dividend Policy

Dividend policy since November 2014 is a minimum of 40% PATNCI, subject to minimum of 2 sen per share and other considerations.

42

Net Payout Ratio = Percentage of PATNCI paid out in dividends to shareholders

15 17 17 8.5 4.5

30.9 31.3 30.9

40.9

20

0

5

10

15

20

25

30

35

40

45

0

2

4

6

8

10

12

14

16

18

2011 2012 2013 2014* 2015*

Ne

t P

ayo

ut

Rat

io (

%)

DP

S (C

en

t)

Gross DPS and Net Payout Ratio (%)

Ordinary Dividend Net Payout Ratio (%)

RM 42.53 mil

RM48.35 mil

* Based on share of RM0.50 each

RM 37.08 mil

RM54.13 mil

RM 90.42 mil

43

Section 5

Sustainability Statement & Governance

21/09/2016

Sustainability Statement & Governance

Sustainability

Committed to prioritising responsible

management and sustainable

development to create long-term shared

value for our 4 key stakeholders

Year round staff volunteerism in multiple

staff-led projects have built respect for

CMS within the local community and

made staff feel more engaged.

Safety – strong focus on this in every way

including groupwide KPI demerit system.

Governance

Never reprimanded by the regulators i.e.

Bursa.

Comply with the 2012 Bursa Corporate

governance rules.

21/09/2016 44

45

Section 6

Group Strategies & Going Forward

Group Strategies And Going Forward

4621/09/2016

Malaysian GDP growth for 2016 & 2017 projected to be 4.4% & 4.5% respectively

Sarawak is more insulated from external downturns & turmoil due to the long term nature of its economic drivers in SCORE

Sarawak’s GDP grew by 5% in 2015 & is projected to grow by 4% in 2016

47

Group Strategies and Going Forward

Riding on the Sarawak Growth Story

Maximise our core business divisions & our Strategic Investments to take advantage of Sarawak’s growth

Adopt an ‘Edging strategy’ i.e. focus on business opportunities in our near field (or immediate periphery) to provide significant profits growth

Investment criteria for projects:

Hurdle rate / IRR: At least 18%;

Scaleable / long term sustainability;

Quality partners / JVs;

Raw materials processing / manufacturing and/or infra / services focus.

An indispensable ally to State development regardless of politics – thru professionalism and neutrality

Be known for our Corporate Governance, Sustainability & Management Competency

Acquire expertise / knowledge for regional expansion outside Sarawak later

To maintain a moderate risk profile

Strategies

Be the best proxy investment for Sarawak’saccelerating growth via:

Energy intensive industry investments; and

consequential infrastructure and relatedservices required across the State.

Conclusion

48

Cement & Construction

Materials

• Largest Bottom Line Contributor

Construction & Road

Maintenance

• Steady Recurrent P&L

Property Development

• Undervalu-ed Land Banks

• Prime Lands

Strategic Investments Robust Financials

• Strong Cash Balance

• Low Gearing

Management, Staff &

Processes

• Proven

• Engaged

• Has Bandwidth

Samalaju

• Township

• Workers Lodge

• Develop-ment

Strategic Investments

• OM

• MPA

• Others TBA

KKB

• Ongoing Growth Potential

• O&G

K&N

• Bottom Line Contrib-utionPotential

To Join the RM10 Billion Market Caps Club & Malaysia’s Top 30 Listed Companies

The Confident CompanyLeveraging on Sarawak’s Growth Story

Sacofa

• Steady Recurre-nt P&L

• Growth potential within ICT space

THANK YOU.

ANY QUESTIONS?