#1☑ John Keells Group JKH Investor Presentation Review of Q4 2022/23 Version 2#2Recurring EBITDA: For the year ended 31 March John Keells Group Recurring EBITDA* (Rs. Million) 2022/23 2021/22 Variance Variance % Transportation Consumer Foods 11,963 6,141 5,822 95 3,184 3,485 (301) (9) Retail 8,779 7,549 1,230 16 Leisure 8,604 3,785 4,819 127 Property (265) 7,867 (8,133) (103) Financial Services 6,451 5,024 1,428 28 Other, incl. IT and Plantation Services 7,024 5,408 1,616 30 Group EBITDA Cinnamon Life Group EBITDA excluding Cinnamon Life 45,740 39,259 6,481 17 (6,304) 45,740 32,955 12,785 39 *Recurring EBITDA entails removal of one-off impairment charges in order to reflect the performance of the core operations of the businesses. Refer page 82 of the Annual Report 2022/23 for a detailed analysis on adjustments reflected in the recurring EBITDA calculation. 2#3Annual recurring EBITDA displays growth momentum John Keells Group Recurring EBITDA (Rs. Million) Transportation Consumer Foods 2022/23 2021/22 2020/21 2019/20 11,963 6,141 3,610 4,375 3,184 3,485 3,318 3,366 Retail 8,779 7,549 5,523 5,108 Leisure 8,604 3,785 (3,588) 2,306 Property (265) 7,867 (17) 641 Financial Services 6,451 5,024 3,645 2,988 Other, incl. IT and Plantation Services 7,024 5,408 3,082 1,286 Group 45,740 39,259 15,572 20,069 3#4Recurring EBITDA: For the quarter ended 31 March Recurring EBITDA* (Rs. Million) John Keells Group Q4 2022/23 Q4 2021/22 Variance Variance % Transportation 1,537 2,521 (984) (39) Consumer Foods 540 1,563 (1,023) (65) Retail 2,176 2,384 (207) (9) Leisure 3,831 3,246 586 18 Property 466 5,356 (4,891) (91) Financial Services 1,899 1,161 738 64 Other, incl. IT and Plantation Services 1,198 2,329 (1,131) (49) Group EBITDA Cinnamon Life Group EBITDA excluding Cinnamon Life 11,647 18,559 (6,912) (37) (4,005) 11,647 14,554 (2,907) (20) *EBITDA includes interest income and the share of results of equity accounted investees which is based on the share of profit after tax but excludes all impacts from foreign currency exchange gains and losses (other than for equity accounted investees), to demonstrate the underlying cash operational performance of businesses. Recurring EBITDA entails removal of one-off impairment charges in order to reflect the performance of the core operations of the businesses. Refer page 82 of the Annual Report 2022/23 for a detailed analysis on adjustments reflected in recurring EBITDA calculation. 4#5Quarterly recurring EBITDA movement John Keells Group Recurring EBITDA (Rs. Million) Transportation Consumer Foods 2021/22 2022/23 Q4 Q1 Q2 Q3 Q4 2,521 4,551 3,035 2,840 1,537 1,563 1,233 1,009 402 540 Retail 2,384 2,319 1,963 2,320 2,176 Leisure 3,247 1,869 1,005 1,898 3,831 Property 5,356 (140) (279) (312) 466 Financial Services 1,161 877 1,104 2,571 1,899 Other, incl. IT and Plantation Services 2,329 2,623 1,457 1,746 1,198 Group 18,559 13,333 9,294 11,465 11,647 Cinnamon Life (4,005) 48 Group excl. Cinnamon Life 14,554 13,381 266 9,560 244 11,709 (81) 11,566 5#6Analysis of YoY PBT performance (Rs.Million) Reported PBT Routine adjustments: - -Net exchange (gains)/losses - IP (gains)/losses FY23 one-off adjustments: - One-off impacts from performance related initiatives 2022/23 22,589 2021/22 27,324 (6,630) (353) 56 - Provision for impairment of WBTL's shares in SAF 422 - Deferred tax impact from a change in tax rates of associates 1,057 FY22 one-off adjustments: - SAGT goodwill + others - Cinnamon Life - Office Recurring PBT Cinnamon Life Recurring PBT excl. Cinnamon Life (12,889) (203) John Keells Group 5,298 4,902 17,141 24,432 (6,304) 17,141 18,128 6#7Finance Costs: For the year ended 31 March Finance Costs (Rs. Million) John Keells Group 2022/23 2021/22 Variance Variance % Transportation Consumer Foods 719 168 551 328 958 180 778 432 Retail 4,097 1,872 2,225 119 Leisure 3,084 1,354 1,730 128 Property 122 139 (17) (12) Financial Services 0.012 323 (323) (100) Other, incl. IT and Plantation Services 8,822 2,997 5,825 194 Group 17,803 7,035 10,768 153 . Higher finance expenses due to the significant increase in interest rates and translation impact from foreign currency interest expense. • Interest payment on the convertible debentures issued to HWIC in August 2022, includes a notional non-cash interest charge of approximately Rs.1.83 billion for 2022/23. 7#8Analysis of finance costs Finance Costs (Rs. Million) John Keells Group Q4 2022/23 Q3 2022/23 Q4 2021/22 Transportation 178 197 56 Consumer Foods Retail 332 324 46 1,082 1,225 497 Leisure 864 845 355 Property 25 40 84 Financial Services 0.004 323 Other, incl. IT and Plantation Services 2,954 2,671 805 Group 5,434 5,303 2,168 • Higher finance expenses due to the significant increase in interest rates on working capital facilities. • Interest payment on the convertible debentures issued to HWIC in August 2022, which includes a notional non- cash interest charge of approximately Rs.690 million for Q4 2022/23. 8#9Recurring PBT: For the quarter ended 31 March Recurring PBT (Rs. Million) John Keells Group Q4 2022/23 Q4 2021/22 Variance Variance % Transportation Consumer Foods 1,269 2,406 (1,138) (47) (81) 1,258 (1,340) (106) Retail 245 1,155 (910) (79) Leisure 1,469 1,859 (390) (21) Property 419 5,250 (4,832) (92) Financial Services 1,914 1,150 764 66 Other, incl. IT and Plantation Services (1,819) 1,474 (3,293) (223) Group 3,415 14,553 (11,139) (77) Q4 FY2022 included profit recognition of Rs.4.01billion from the residential apartment units and office floors at "Cinnamon Life". • Q4 2022/23 included a significant increase in finance costs of Rs.3.27 billion on account of high interest rates and the notional interest charge on the convertible debenture issues to HWIC Asia Fund in August 2022.#10Key financial indicators (Rs. Million) John Keells Group 2022/23 2021/22 2020/21 Total debt* excl. leases and incl. convertible 229,749 debenture 234,701 147,197 Total debt excl. leases and convertible debenture 211,369 Cash and cash equivalents 100,340 157,090 98,488 Net debt excl. leases and convertible debenture 111,029 77,611 48,709 Net debt excl. leases and convertible 30.8 23.5 20.0 debenture/Equity (%) Net debt excl. leases and convertible 2.4 2.0 3.1 debenture/recurring EBITDA (times) Recurring EBITDA 45,740 39,259 15,572 Group debt includes the convertible debentures issued in August 2022. The liability component amounting to Rs.18.38 billion is recognised under non- current financial liabilities. In the event the debenture is not converted during the conversion window, an obligation for Rs. 27.06 billion will materialise in August 2025. 10#11Overview of ESG initiatives for 2022/23 . The Group's carbon footprint per million rupees of revenue decreased by 29% to 0.38 MT. • The Group's water withdrawal per million rupees of revenue decreased by 31% to 7.01 cubic meters. John Keells Group • The Group embarked on re-formulating its ESG framework in collaboration with an international third-party consulting firm, setting revised Group-wide ESG ambitions and translating such ambitions to ESG related targets. JKH donated Rs.100 million to the "Suwa Seriya Foundation" for the operations of the "Suwa Seriya Ambulance Service" which provides free-of-charge lifesaving emergency medical assistance to the public across the country. ONE JKH - Our Diversity, Equity, and Inclusion Initiative • Introduction of an equal 100 days of maternity and paternity days as parental leave at the birth or adoption of a child. The 5 days of paternity leave was enhanced to 100 days, ensuring equity, and recognising the importance of both parents' roles in early childcare. The Group has set a goal of increasing women participation in its employee cadre up to 40% by the end of 2025/26. In this regard, women participation as at the end of the year stood at 33% [2021/22: 33%]. 11#12Transportation: Port of Colombo Capacity Enhancements SOUTH HARBOUR DEVELOPMENT WCT-1 West Terminal East Terminal ECT CURRENT HARBOUR JCT CICT South Terminal SAGT TEU'S 000 Port of Colombo Volumes John Keells Group 900 818 781 805 780 800 770 700 575 600 485 440 500 431 440 400 457 439 439 416 408 300 Q4 Q1 2021/22 SAGT Q2 Q3 Q4 2022/23 SLPA CICT *SLPA includes volumes of JCT and ECT terminals 12#13WCT-1: Construction progress ECT CICT WCT-1 John Keells Group November 2022 May 2023 The groundwork on the West Container Terminal (WCT-1) at the POC is progressing well with the entirety of the dredging works for both phases near complete as at May 2023. The contract for the quay wall construction, a significant component of the overall construction works, was awarded in October 2022. Phase 1 of the terminal is slated to be operational by Q3 2024/25. The remainder of the terminal is expected to be completed by Q3 2025/26. 13#14Transportation: Q4 2022/23 Port Business (South Asia Gateway Terminal) Q4 Earnings Update: John Keells Group Volumes (TEUS) SAGT 2021/22 Q4 Q1 456,926 439,310 439,605 2022/23 Q2 Q3 416,381 Q4 (Rs. mn) Q4 2022/23 Q4 2021/22 408,261 Domestic: Recurring EBITDA 1,537 2,521 Transshipment 14:86 13:87 12:88 13:87 13:87 volume mix Bunkering Business (Lanka Marine Services) LMS (%) YoY volume growth 2021/22 Q4 2022/23 Q1 Q2 Q3 Q4 2 54 (2) (8) (0) The Transportation business recorded a decline in performance mainly on account of the Bunkering business which recorded a substantial profit in the previous year due to significantly higher base oil prices and margins, which have normalised in the current quarter. 14#15Consumer Foods: Q4 2022/23 Q4 Earnings Update: John Keells Group Key performance FY2022 FY2023 Q4 Q4 indicators (%) Q4 Q1 Q2 Q3 Q4 (Rs. mn) 2022/23 2021/22 Volume growth: Frozen Confectionery 25 31 6 (19) (30) Recurring EBITDA 540 1,563 Beverages (CSD) 34 56 13 (19) (40) Convenience Foods 2 14 (11) (33) (48) Recurring EBITDA 1,563 1,233 1,009 402 540 (Rs. Million) Recurring EBITDA 21 16 12 6 7 margin Revenue mix (CSD:FC) 44:56 39:61 38:62 38:62 38:62 The Consumer Foods industry group recorded a decline in profitability as volumes across the Beverages, Frozen Confectionary and Convenience Foods businesses reflected a reduction in consumer discretionary spend. Profitability was further impacted on account of the input cost increases. These impacts are now mitigated to an extent with businesses seeing a reversal in margin pressure. 15#16Consumer Foods: 2022/23 Key performance indicators (%) FY2019 FY2020 FY2021 FY2022 FY2023 Volume growth: Frozen Confectionery 10 3 (1) 17 (7) Beverages (CSD) (25) 7 (14) 18 (7) Convenience Foods 7 (0) (6) 12 (22) Recurring EBITDA margin 18 20 20 17 10 John Keells Group 16#17Cost of sales analysis of the Beverages business Cost of sales composition - FY2023 vs FY2022 Indexed price of raw materials Index: Q1 FY20 = 100 67% 58% 350 300 250 40% 200 30% 150 100 50 3% 2% 0 Raw materials and packaging costs Energy costs Others FY23 FY22 % of raw materials directly imported FY2023: 37% FY2022: 39% John Keells Group Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY22 --Beverages: white refined sugar (price per kg) CSD PET bottle (price per unit) FY23 17#18Cost of sales analysis of the Frozen Confectionery business Cost of sales composition - FY2023 vs FY2022 Indexed price of raw materials 80% 76% Index: Q1 FY20 = 100 600 500 400 300 21% 200 15% 100 5% 3% 0 Raw materials and packaging costs Energy costs Others FY23 FY22 % of raw materials directly imported FY2023: 33% FY2022: 46% John Keells Group Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY21 FY22 --Skimmed milk powder (price per kg) FY23 Ice cream: white refined sugar (price per kg) Ice cream containers and lids (per unit) 18#19Retail: Q4 2022/23 Supermarket business: Q4 Earnings Update: John Keells Group Key performance FY2022 2022/23 indicators (%) Q4 Q1 Q2 Q3 Q4 (Rs. mn) Q4 2022/23 Q4 2021/22 Same store sales 18.9 54.2 73.7 40.6 30.1 growth Recurring EBITDA 2,176 2,384 Same store footfall 17.0 52.2 76.9 11.1 0.1 growth Average basket value 1.6 1.4 (1.8) 26.5 30.0 growth Recurring EBITDA (Rs. 1,958 1,861 1,671 1,987 1,946 Million) Recurring EBITDA 10.0 7.6 6.9 7.7 7.7 margin The statistics on footfall and basket values are distorted in the short-term due to changes in shopping patterns. The Supermarket business recorded a marginal growth in profitability driven by a growth in same store sales. Profitability was offset to a large extent due to cost escalations compared to Q3 FY23, including the imposition of the social security contribution levy and electricity tariff increases, amongst others. The Retail industry group recorded a decline in profitability due to the Office Automation business. 19#20Retail: 2022/23 Supermarket business: Profitability margin (%) Same store sales growth Same store footfall growth Average basket value growth Recurring EBITDA (Rs.Milllion) Recurring EBITDA margin FY2019 FY2020 FY2021 FY2022 FY2023 2.3 4.0 (8.6) 12.9 47.6 4.5 1.8 (31.5) 4.5 28.3 (2.0) 2.2 33.4 8.0 15.1 2,367 4,267 4,144 5,204 7,464 5.2 8.0 7.6 7.8 7.5 The statistics on footfall and basket values are distorted in the short-term due to changes in shopping patterns. John Keells Group 20#21Retail: Q4 2022/23 vs Q4 2021/22 Same Store Sales 30.1% Same Store Footfall 0.1% ABV 30.0% John Keells Group Q4 2021/22: • Higher same store sales growth on the back of the easing of pandemic- related restrictions resulting in the improvement of consumer. sentiment and 'pent up' demand. Q4 2022/23: • Despite inflation moderating, prices remained relatively higher compared to Q4 2021/22, which aided a growth in same store sales. Q4 2021/22: Q4 2021/22: With the resumption in business activity, customer footfall increased. • March 2022 NCPI (YoY) - 21.5%. Q4 2022/23: . Given that the footfall in Q4 2021/22 had already reverted to pre-pandemic levels and was in line with normalised operations, footfall recorded a marginal growth. Q4 2022/23: • March 2023 NCPI (YoY) - 49.2%. • Although inflation eased QoQ, the taxes imposed on items, resulted in an increase in the RSP. • The drop in the WOP on account of reduced purchase of non-essential items was more than offset by the significant increases in the RSP. 21#22Arrivals to Sri Lanka showed a recovery trend prior to April 2022 Sri Lanka - Monthly Tourist Arrivals 300 John Keells Group Month Jan 2019 2020 244,239 228,434 250 Feb Mar 252,033 207,507 244,328 71,370 200 Arrivals ('000) Apr 166,975 2021 2022 2023 1,682 82,327 102,545 3,366 96,507 107,639 4,581 106,500 125,495 4,168 62,980 105,498 May 37,802 1,497 30,207 150 Jun 63,072 1,614 32,856 Jul 115,701 2,429 47,293 100 Aug 143,587 5,040 37,760 Sep 108,575 13,547 29,802 50 Oct 118,743 22,771 42,026 Nov 176,984 - 44,294 59,759 0 Dec 241,663 393 89,506 91,961 Apr-18 Sep-18 Feb-19 Jul-19 Dec-19 May-20 Oct-20 Mar-21 Aug-21 Jan-22 Jun-22 Nov-22 Apr-23 Source: Sri Lanka Tourism Development Authority Total 1,913,702 507,704 194,495 719,978 441,177 22#23Air connectivity to Sri Lanka: recovery to pre-pandemic frequencies Sri Lankan Airlines Frequency per week: 2019: 192 2023: 208 Air India Frequency per week: 2019: 14 2023: 14 Emirates Frequency per week: 2019: 28 2023: 21 John Keells Group Air Asia Air Asia Frequency per week: 2019: 7 2023: 7 China Eastern Frequency per week: 2019: 4 2023: 6 Etihad Frequency per week: 2019: 14 2023:35 Gulf Air Frequency per week: 2019: 7 2023: 7 IndiGo Singapore Airlines Frequency per week: 2019: 14 2023: 14 IndiGo Frequency per week: 2019: 7 2023: 21 Malaysian Airlines Frequency per week: 2019: 7 2023: 7 Oman Air Frequency per week: 2019: 14 2023: 7 Qatar Airways Frequency per week: 2019: 35 2023: 16 Fits Air (Sri Lanka) Frequency per week: 2019: N/A 2023: 7 Edelweiss Air Frequency per week: 2019: N/A 2023: 1 The Airlines listed above are only the direct flights to Sri Lanka and does not include code-share flights Source: compiled based on internal aviation database, and figures maybe subject to change 23#24Arrivals ('000) 200 Maldivian arrivals: strong recovery trend post-pandemic The Maldives - Monthly Tourist Arrivals John Keells Group Month 180 Jan 2019 151,552 2020 173,347 2021 2022 2023 92,103 131,764 172,499 160 140 120 W Feb 168,583 149,785 96,882 149,008 177,914 Mar 162,843 59,630 109,585 Apr 163,114 13 150,739 173,514 91,200 145,279 164,357 May 103,022 41 64,613 125,522 100 Jun 113,475 1 56,166 110,889 80 Jul 132,144 60 Aug 139,338 40 40 Sep 117,619 1,752 101,818 133,561 7,636 143,599 131,862 9,605 114,896 111,986 Oct 141,928 21,515 142,066 153,737 20 20 Nov 0 Dec Apr-18 Sep-18 Feb-19 Jul-19 Dec-19 May-20 Oct-20 Mar-21 Aug-21 Jan-22 Jun-22 Nov-22 Apr-23 Source: Ministry of Tourism Maldives 137,921 171,292 Total 1,702,887 35,757 144,725 146,886 96,412 164,284 184,051 555,494 1,321,937 1,675,303 688,285 24#25JKH Group: Leisure occupancies 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% Peak of social unrest in Sri Lanka John Keells Group 0% Q1 Q2 Q3 Q4 FY19 FY19 FY19 FY19 Q1 Q2 Q3 Q4 FY20 FY20 FY20 FY20 Q1 FY21 Q2 Q3 Q4 Q1 FY21 FY21 FY21 FY22 Q2 FY22 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY22 FY23 FY23 FY23 FY23 -Colombo Hotels ―Sri Lankan Resorts -Maldivian Resorts Sri Lanka travel restrictions 25#26Leisure: Q4 2022/23 Q4 Earnings Update: John Keells Group 2021/22 2022/23 Key indicators Q4 Q1 Q2 Q3 Q4 (Rs. mn) Q4 2022/23 Q4 2021/22 Colombo Hotels* Occupancy (%) 52 33 29 43 62 ARR (USD) 77 68 62 65 63 EBITDA Margin (%) 23 0 (4) 12 14 Sri Lankan Resorts Occupancy (%) 57 33 31 38 62 ARR (USD) 93 66 57 63 71 EBITDA Margin (%) 45 (16) (25) (11) 33 Maldivian Resorts Recurring EBITDA ■ The Leisure industry group recorded a strong recovery, driven by the Maldivian Resorts segment. The Sri Lankan Leisure businesses recorded a recovery supported by a return to normalcy on the back of continued political and social stability. 3,831 3,246 Occupancy (%) 89 86 86 91 89 ARR (USD) 423 333 316 372 416 EBITDA Margin (%) 49 32 26 31 40 *Occupancies and ARR's exclude "Cinnamon Red Colombo" and "Cinnamon Life Colombo". 26#27Leisure: 2022/23 Sector Colombo Hotels* Sri Lankan Resorts Maldivian Resorts *Excludes "Cinnamon Red Colombo" and "Cinnamon Life Colombo". 2021/22 2022/23 Occupancy (%) 29 ARR (USD) 70 Occupancy (%) ARR (USD) 42 64 32 78 41 65 75 333 88 360 John Keells Group 27#28Cinnamon Life Initial sketch by Sri Lankan-British Architect, Cecil Balmond John Keells Group The 3D rendering of "Cinnamon Life" "Cinnamon Life" under construction 28#29Cinnamon Life Rendering of "Cinnamon Life" wwwww H John Keells Group Actual construction of "Cinnamon Life" as of January 2023 29 29#30Cinnamon Life John Keells Group 30#31Cinnamon Life Entertainment Retail Carpark Residential 1 Hotel Office John Keells Group Residential 2 Conferencing capacity (~5,000 pax) in five venues and car park facility (2,330 slots) - 800 guest room hotel, including conferencing, banqueting, 6 speciality restaurants (~1,300 pax) and entertainment facilities The hotel and conferencing space collectively entails: 3 ballrooms, 7 meeting rooms, an exhibition hall and a conference hall 6 restaurants, 5 bars, 2 lounges and 3 pool bars and lounges 4 pools and 4 wellness and fitness related spaces Rentable mall ~149,000 Sq. Ft (Gross - ~345,000 Sq. Ft) and entertainment space of ~160,000 Sq. Ft First residential development of approximately - 358,000 Sq.ft. (231 units) Second residential development of approximately - 255,000 Sq.ft. (196 units) A standalone office development ~254,000 Sq.ft. of rentable area (24 floors) 31#32• Growth potential - MICE market The number of outbound MICE travelers from India and China was at 2 million and 5 million (pre- pandemic). • Colombo is well poised to take advantage of the growing outbound MICE travel from India. • The ARR and Conference Package Rate is lower in Colombo than India. • • • Travel time from India to Colombo is the lowest compared to regional competitors. Budget carriers to reduce cost of air travel. India also has a booming outbound destination wedding market. ● Thailand attracts ~300 Indian destination wedding each year. John Keells Group 32#33Property: Q4 2022/23 Cumulative sales update as at 31 March 2023: Q4 Earnings Update: John Keells Group Number of units sold Number of remaining units Cinnamon Life: (Rs. mn) Q4 2022/23 Q4 2021/22 The Residence at Cinnamon Life The Suites at Cinnamon Life Total TRI-ZEN 151 115 266 655 80 81 Recurring EBITDA 466 5,356 161 236 . • TRI-ZEN: In discussion with the Contractor at "TRI-ZEN" construction costs were revisited given the escalation in costs. As the impact is allocated to the profit recognition on the project, there was an adjustment in the current year to reflect the cost impact on the sales already recognised in the previous financial years, which affected the current year profitability somewhat materially. Since this adjustment has been fully absorbed in the current financial year, going forward, the revenue recognition of “TRI-ZEN" will result in positive profit recognition over the ensuing quarters up to and including project completion. Q4 FY22 includes a substantial EBITDA recognition amounting to ~Rs.4.01 billion from the handover of the residential apartment units and commercial floors at "Cinnamon Life", compared to the absence of the corresponding recognition in 4Q FY23. The recognition of revenue of all units sold to date at "Cinnamon Life" was completed by 31 March 2022. 33#34Financial Services: Q4 2022/23 Union Assurance PLC: Q4 Earnings Update: John Keells Group Q4 Q1 Key performance FY2022 FY2023 Q2 FY2023 indicators (%) (Jan-Mar (Apr-Jun (Jul-Sep 2022) 2022) 2022) Q3 FY2023 (Oct-Dec (Jan-Mar 2022) Q4 FY2023 (Rs. mn) Q4 2022/23 Q4 2021/22 2023) GWP growth 17 13 3 3 5 Recurring EBITDA 1,899 1,161 Net profit (Rs. Million) 217 262 297 1,970 445 Net profit growth (7) 55 5 44 105 Nations Trust Bank PLC: Q4 Q1 Q2 Key performance FY2022 FY2023 FY2023 Q3 FY2023 Q4 FY2023 indicators (%) (Jan-Mar (Apr-Jun (Jul-Sep (Oct-Dec 2022) 2022) 2022) 2022) (Jan-Mar 2023) Net profit growth (13) (26) 52 16 79 Loan growth 12 12 7 (3) (11) Net interest margin 4.8 6.1 8.1 7.0 8.0 Stage 3 loan ratio (net) 2.0 3.2 2.5 2.6 3.4 The profitability of Union Assurance PLC was driven by the life insurance surplus which recorded an increase against the corresponding period of the previous year and a growth in gross written premiums and net interest income. The profitability of Nations Trust Bank PLC was driven by growth in net interest margins. 34#35THANK YOU This document was produced by John Keells Holdings PLC for information purposes only. The information contained in this document are a review of the financial information pertaining to Q4 FY2023 and does not constitute an issue prospectus or a financial analysis. This Investor Presentation should be read in conjunction with the JKH Annual Report 2022/23 and the Annual Investor Presentation 2022/23 to obtain a more comprehensive understanding of the drivers and strategies of our businesses. Whilst John Keells Holdings accepts responsibility for the accuracy of the information contained in this document, it does not assume any responsibility for investment decision made by the prospective investors based on information contained herein. In making the investment decision, prospective investors must rely on their own examination and assessments of the Company including the risks involved. 35