Tingyi Cayman Islands : PRESENTATION ON 2020 ANNUAL RESULTS

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TINGYI (CAYMAN ISLANDS) HOLDING CORP.

康 師 傅 控 股 有 限 公 司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 0322)

PRESENTATION ON 2020 ANNUAL RESULTS

A presentation in relation to the results of Tingyi (Cayman Islands) Holding Corp. and its subsidiaries for the year ended 31 December 2020 is appended to this announcement.

By order of the Board

Tingyi (Cayman Islands) Holding Corp.

Ip Pui Sum

Company Secretary

Hong Kong, 22 March 2021

As at the date of this announcement, Mr. Wei Hong-Ming, Mr. Junichiro Ida, Mr. Wei Hong-Chen, Mr. Koji Shinohara, Mr. Yuko Takahashi and Ms. Tseng Chien are executive Directors of the Company. Mr. Hsu Shin-Chun, Mr. Lee Tiong-Hock and Mr. Hiromu Fukada are independent non-executive Directors of the Company.

* For identification purposes only

website:http://www.masterkong.com.cnhttp://www.irasia.com/listco/hk/tingyi

Tingyi Holding Corp.

2020 Annual Results

22 March 2021

Disclaimer

The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice and no representation or warranty express or implied is made as to, and no reliance, should be placed on, the fairness, accuracy, completeness or correctness of the information contained in this presentation. This presentation does not intend to provide, and you may not rely on this presentation as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. None of the Company nor any of its respective affiliates, advisors or representatives shall have any liability (in negligence or otherwise) whatsoever for any loss or damage howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation contains projections and forward-looking statements that may reflect the Company's current views with respect to future events and financial performance. Readers are cautioned not to place undue reliance on these forward-looking statements which are subject to various risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or the provision of any investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto, nor does this presentation constitute a recommendation regarding the securities or financial instruments of the Company.

Financial Highlights

Business Review

Financial Highlights

Gross Profit

22,432

19,759 13.53%Gross Margin

33.17%

31.88% 1.29pptEBITDA

9,361

8,542 9.59%Net Profit

4,574

3,718 23.01%Profit attributable to owners of the Company

4,062

3,331 21.95%Net Margin

6.01%

5.37%

0.64ppt

EPS (cents)

72.23

59.25

12.98centsProposed Final Dividend (US Cents)

5.54

4.24

1.3US centsProposed Special Dividend (US cents)

5.54

4.24

1.3US cents

Revenue by Segment

Revenue Change 2020 Vs. 2019 80,000 70,000 60,000 50,000 29,510 25,300 40,000 30,000 20,000 37,280 35,600 10,000 0 828 2020 1,078 2019	Revenue Structure 2020 Vs. 2019 43.64% 40.82% 55.13% 57.44% 1.23% 2020 1.74% 2019
RMB in Million 25,300 Instant Noodles Beverages 35,600 Others

RMB in Million	2020	2019	YOY	2020	2019	YOY
Instant Noodles	29,510	25,300	16.64%	43.64%	40.82%	2.82ppt
Beverages	37,280	35,600	4.72%	55.13%	57.44%	-2.31ppt
Others	828	1,078	-23.20%	1.23%	1.74%	-0.51ppt
Total	67,618	61,978	9.10%	100%	100%

Instant Noodle Revenue by Product

High end Packet

13,066

10,198 28.12%Mid end Packet

2,717

2,590 4.91%Snack Noodle & Others

261

191 36.25%

Total

29,510

25,300 16.64%

Beverage Revenue by Product

Water

3,275

3,114 5.17%

Juice

4,821

4,670 3.22%

CSD & Others

13,373

12,237 9.29%

37,280

35,600 4.72%

Net Profit by Segment

2,105

1,339 57.24%

-264

180

4,574

3,718

Profit Attributable to Owners of the Company

RMB in Million 2500

Business Review	2000
1500
1000
Profit Attributable to
500
Owners of the
0
Company

17H1

17H2

18H1

18H2

19H1

TotalInstant Noodles

19H2

Beverages

20H1

20H2

1,594

946 68.51%

-265

185

4,062

3,331

Gross Margin by Segment

35.94

33.69 2.25ppt

46.89

39.60 7.29ppt

33.17

31.88 1.29ppt

EBIT Margin

6.99

4.78 2.21ppt

5.04

50.17

9.19

8.53

ROA and ROE Up due to Profit Growth

Business Review

Financial Index

ROECurrent Ratio

19.97%

16.98% 2.99ppt

1.06

0.90

0.16

Gearing Ratio

-36.63%

-25.82%

-10.81pptA/R Turnover/Days

8.99

9.97

-0.98daysFinished Goods Turnover/Days

17.73

16.61

1.12days

Material Price IndexNation-Wide Distribution Network

* Sales Office	365	371
Warehouse	236	182
Wholesaler	47,898	36,186
Direct Retailer	210,366	185,789

* Sales Office: The statistics are based on middle-sized sales units located in prefecture-level cities

Production Lines

Instant Noodles	163	165
Beverages	408	425
Others	13	14
©2021 Tingyi(Cayman Islands)Holding Corp., All rights reserved.