#1Vinda International Holdings Limited (Incorporated in the Cayman Islands with limited liability) (Stock code: 3331) 2 Vinda 2021 Interim Results Healthy Lifestyle dal Starts with Vinda e#2Our Vision To become Asia's first choice for hygiene products and services Slipp Librage Léresse T Tempo Vinda 包大人OP 包大 P NEM P Uresse Libresse Vinda 香港記聘 * MEN 「包大ãoxp LE PR NEW Dresse Tempo Tempo Vin A Libresse LEVE FORK ** སོན།།: MEGA PACK Libero Comfort Drypers Drigante Libero UPEGO XXL rypers Drypers Drypers 2#3Chairman's Highlights Strong performance in a challenging environment Vinda Total Revenue 19.0% Net Profit 6.0% HK$9,085M HK$ 967M Significant increase in revenue Continuous portfolio mix enhancement Solid consumer demand Growing momentum in personal care business □ 26.0% organic growth¹ in e-commerce H1 2020: HK$7,634M Basic EPS HK80.6 cents H1 2020: HK76.3 cents 1 YoY growth at constant exchange rate Half-year Report 2021 5.6% H1 2020: HK$913M Interim Dividend Per Share HK10 cents H1 2020: HK10 cents 3#4Financial Highlights#5Group Revenue Total Revenue (HK$M) Quarterly Revenue (HK$M) 19.0%¹ +9.5%1 +30.7%¹ Q2 Monthly Revenue (HK$M) Vinda +28.4%¹ 9,085 +8.6%¹ 7,634 1,994 4,470 4,615 -10.6%¹ 1,369 1,251 H1 2020 H1 2021 Q1 2021 Q2 2021 Apr 2021 May 2021 Jun 2021 Tissue 得宝 Tempo Germany 1929 TORK 多康 1 Organic growth: +11.0% (H1 2021), Vinda 维达 Vinda PROFESSIONAL +23.5% (Q1 2021), +1.0% (Q2 2021), -17.1% (Apr 2021), -1.2% (May 2021), +19.0% (Jun 2021), +30.3% (Apr 2020), +8.7% (May 2020), +8.5% (Jun 2020) Personal Care Incontinence 添宁 ® 包大人Dr. P TENA Feminine Libresse 薇尔 Libresse Baby Libero Drypers Half-year Report 2021 Apr 2020 May 2020 Jun 2020 YOY Growth +24.1%¹ +4.9%¹ +4.9%1 5#6Group Revenue by Channels 33% H1 2020 26% E-Commerce Key accounts Vinda 27% 29% 38% H1 2021 11% 12% 24% Traditional channels Professional hygiene 26% organic growth in e-commerce in H1 Outstanding e-commerce performance in all regions **9th consecutive year of being top 618 tissue player TOUGH ON CORONAVIRUS GENTLE ON SKIN Vinda AY ※ 创品 |寻要太空 韧性探索 雅达超团 x 中国航天、太空创联名纸手帕心动上市 A Vinda Strong Vinda 维达集团 618捷报 截止2021年6月18日24点 Half-year Report 2021 NEW KILLS CORON AVIRUS 99.9% of Germs 18 纸品全网总销额 6#7Mainland China Revenue and Channel Mix Total Revenue (HK$M) H1 2020 Growth at constant exchange rate 5,586 14.7% 6,975 H1 2020 H1 2021 25% 43% 23% H1 2021 21% 47% 9% 22% Vinda THALL.COM 10% 淘宝网 Taobao.com JD. .COM ل 88 Tik Tok E-Commerce Traditional channels 京喜 小红书 特价购物 Key accounts Professional hygiene Half-year Report 2021 7#8USD/ton 1100 1000 900 800 700 009 500 400 Jan-18 Gross Profit Margin Pulp Price Movement Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Feb-19 Mar-19 6T-Jew Apr-19 Apr-19 May-19 May-19 Jun-19 6T-unc Gross Profit (HK$M) 2,941 15.4% 3,394 Gross Profit Margin (%) 38.5% 37.4% H1 2020 H1 2021 H1 2020 H1 2021 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Half-year Report 2021 Long Fibre Short Fibre ✰ Continuous focus in premium portfolio and personal care ✰ Improved operational efficiency ✰ Disciplined pricing management Nov-20 Dec-20 Dec-20 Jan-21 Jan-21 Feb-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 8 Vinda#9Operating Profit & EBITDA Operating Profit (HK$M) 1,257 3.7% 1,211 H1 2020 EBITDA (HK$M) 1,818 H1 2020 0.4% H1 2021 1,826 H1 2021 Half-year Report 2021 Operating Margin (%) 16.5% H1 2020 EBITDA Margin (%) 13.3% H1 2021 23.8% 20.1% H1 2020 H1 2021 Vinda 9#10Segment Performance Revenue Mix (%) 18% 17% Tissue H1 2020 H1 2021 82% 83% Personal Care Revenue (HK$M) Tissue 6,243 20.3% 7,509 Gross profit margin (%) 39.4% 1.6ppts 37.8% H1 2020 H1 2021 H1 2020 H1 2021 Personal Care 1,391 Half-year Report 2021 13.3% 34.5% 1,576 0.8 ppt 35.3% H1 2020 H1 2021 H1 2020 H1 2021 Vinda 10#11SG&A SG&A as a % of Sales 22.3% 5.7% 24.5% 5.1% 19.4% 16.6% H1 2020 H1 2021 I Administrative expenses ratio ■Selling & marketing expenses ratio • • • • Vinda Continue to invest for brand building, with focus on premium products Tough comparison to H1 2020 due to COVID lock down Major brand building and launch campaign in Feminine Care in China Improved general administrative efficiency BAOPU Beli WhatsApp &Menang! Drypers MADE TO FIT VERS ·金盏花恩恩&天然果如 Half-year Report 2021 天猫宝藏铝品牌 Libresse Libresse T 21 Chicco Baby Stroller Car Seat Produk Drypers x5 pemenang 3 bulan x25 pemenang Tempo Sakura 【期間 ·限定 Tempo Sakura 品味 Tempo Sakura TEMPO HONG KONG tempohongkong Q 一抹 櫻の香 「每包紙手巾时糊款小包設計 11 11 NEW!#12Tax Rate, Interest Rate, Net Profit & Dividend Effective Tax Rate (%) Effective Interest Rate (%) Vinda Basic Earnings Per Share (HK cents per share) 22.8% H1 2020 Net Profit (HK$M) 913 6.0% 16.6% H1 2021 967 3.7% 2.6% 76.3 H1 2020 H1 2021 Net Profit Margin (%) 12.0% 10.6% H1 2020 5.6% 80.6 H1 2021 Proposed Interim Dividend (HK cents per share) 10 10 10 H1 2020 H1 2021 H1 2020 H1 2021 H1 2020 H1 2021 Half-year Report 2021 12#13Key Indicators Debtors turnover days¹ Creditors turnover days² Finished goods turnover days³ Working capital to sales ratio4 (HK$M) Cash and cash equivalents Total borrowings & lease liabilities Net debt Net gearing ratio5 Net debt/EBITDA CAPEX 1 Multiplying 12-month average account receivables by 360 days and dividing the result by the revenue for the last 12 months 2 Multiplying 12-month average account payables by 360 days, and dividing the result by the cost of sales for the last 12 months 3 Multiplying 12-month average finished goods by 360 days, and dividing the result by the cost of sales for the last 12 months 4 Total working capital (excl. cash & cash equivalents)/ rolling 12 months revenue 5 Net gearing ratio: net debt/total shareholders' equity Half-year Report 2021 As at 31 Dec 2020 44 As at 30 Jun 2021 44 93 92 49 52 11.0% 12.1% As at 31 Dec 2020 As at 30 Jun 2021 749 782 4,934 5,242 4,184 4,461 35.9% 36.4% 1.2 1.2 1,725 822 Vinda 13#14H1 Summary Solid topline growth in a competitive environment Continuous strong momentum in high margin products and personal care Improved operational efficiencies for profit enhancement KM Solid demand is expected to continue Vinda !! Continue to secure market leading positions or gain market shares in all key markets Committed investment in branding and innovation for long term success Half-year Report 2021 14#15Appendix 15#16Production Capacity Plan Beijing China Pinggu Liaoning China Anshan Zhejiang China Quzhou (Longyou) Tissue annual designed capacity 1.25 M tons (2020) + 140 K tons (Q4 2021) Target to complete the premium tissue capacity expansion in Yangjiang, Zhejiang and Hubei in 2021 Sichuan China Deyang Hubei China Xiaogan 2 Shandong China Jinan Guangdong China Jiangmen (Xinhui, Shuangshui, Sanjiang) Malaysia No.1 factory No.2 factory Guangdong China Yangjiang Taiwan China Kaohsiung Half-year Report 2021 Personal Care facility Vinda In early 2022, regional headquarters in Malaysia is expected to be completed In early 2022, manufacturing facilities and innovation center (SEA Hub) is progressing 16#17Leading Market Positions Mainland China No.1 Tissue¹ 18.3% Hong Kong, China 44.5% Vinda 何宝 Tempo Germany 1929 No.1 Tissue² TORK 多康 Tempo Vinda TORK Vincka Taiwan, China 24% No.2 Incontinence³ 添寧 包大人 TENA" Dr. P Notes: 1 2 3 4 5 6 1. Kantar, value share in 2021 (P1-P6) 2. Nielsen, value share MAT May 2021 3. Nielsen, volume share YTD Mar 2021 4. Internal estimates, value share, YTD Feb 2021 5. Internal estimates, value share, YTD Mar 2021 6. Kantar Worldpanel, value share YTD May 2021 Half-year Report 2021 Vinda No.1 Incontinence4 Malaysia 55% TENA 包大人D:P 45% No.1 Baby Care6 Drypers No.1 Feminine6 33% Libresse No.1 Incontinence5 Singapore 76% TENA 包大人D:P 17#18Financial Highlights Summary Vinda (HK$M) Revenue H1 2020 H1 2021 YOY H2 2020 HOH 7,634 9,085 +19.0% 8,878 +2.3% Growth at constant exchange rate +0.9% +11.0% +6.4% Gross profit 2,941 3,394 +15.4% 3,282 +3.4% Gross margin 38.5% 37.4% -1.1ppts 37.0% +0.4ppt Operating profit Operating margin EBITDA EBITDA margin 1,257 1,211 -3.7% 1,196 +1.2% 16.5% 13.3% -3.2ppts 13.5% -0.2ppt 1,818 1,826 +0.4% 1,783 +2.4% 23.8% 20.1% -3.7ppts 20.1% Net profit 913 967 +6.0% 962 +0.6% Net margin 12.0% 10.6% -1.4ppts 10.8% -0.2ppt Basic EPS (HK cents) 76.3 80.6 +5.6% Proposed interim dividend per share 10.0 10.0 (HK cents) Half-year Report 2021 ထု 18#19Q&A#20Disclaimer Vinda Information contained in our presentation is intended solely for your personal reference and is strictly confidential. You may not reproduce, redistribute or pass on, directly or indirectly, this presentation to any other person or publish, in whole or in part, for any purpose. The distribution of this presentation may be restricted by law, and persons who come into possession of this presentation should inform themselves about, and observe, such restrictions. Information in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company and/or its business. We make no representation or warranty, express or implied, regarding and no reliance should be placed on the fairness, accuracy, correctness, reasonableness or completeness of, or any errors or omissions in, any information, opinions, estimates, forecasts and projections contained herein. In addition, the information contains projections and forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that the company's assumptions are correct. Actual results may differ materially from those projected. It is not the intention 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. We accept no liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. This presentation does not constitute an offer or invitation to acquire, purchase or subscribe for any shares 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. 20 Half-year Report 2021