#1Vinda International Holdings Limited (Incorporated in the Cayman Islands with limited liability) (Stock code: 3331) 1Q2021 Results Healthy Lifestyle Starts with Vinda Vinda#2Financial Highlights Vinda (HK$M) Revenue 1Q2021 1Q2020 YOY 4,470 3,419 +30.7% Constant exchange rate 23.5% -12.4% Gross profit Gross margin 1,737 1,281 +35.6% 38.9% 37.5% +1.4ppts Operating profit Operating margin 703 527 +33.5% 15.7% 15.4% +0.3ppt EBITDA EBITDA margin 1,009 811 +24.5% 22.6% 23.7% -1.1ppts Net profit 553 377 +46.5% Net margin 12.4% 11.0% +1.4ppts (HK$M) 1Q2021 1Q2020 Foreign exchange gain/(loss) (operating) 2 (11) Foreign exchange gain (financial) 3 Total foreign exchange gain/ (loss) 5 1 (10) 2#3Revenue Revenue (HK$M) 3,419 1Q2020 - Group Constant exchange rate 23.5% 4,470 1Q2021 Quarterly Revenue (HK$M) & Organic Growth (%) +3.7% Revenue Mix (%) Tissue 18% FY2020 Personal Care 82% Constant exchange rate +12.7% +23.5% 16,512 +14.9% -12.4% -0.7% 3,419 4,215 3,830 5,048 4,470 2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 18% Vinda 1Q2021 82% 3#4Revenue - Mainland China Revenue (HK$M) 2,350 1Q2020 Constant exchange rate 35.9% 3,428 1Q2021 Quarterly Revenue (HK$M) & Organic Growth (%) +4.1% Constant exchange rate +17.0% +35.9% 12,454 +20.1% -20.7% -0.8% 2,350 3,236 2,831 4,037 3,428 2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 Vinda 4#5Gross Profit Gross Profit (HK$M) 1,281 35.6% USD/ton 1000 900 800 1,737 700 600 500 1Q2020 1Q2021 400 Gross Profit Margin (%) Jan-18 Mar-18 May-18 Pulp Price Movement Vinda Jul-18 Sep-18 Nov-18 Jan-19 Mar-19 • 39.4% 37.7% 37.5% 38.9% 36.9% 37.0% May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Long Fibre - Short Fibre Jul-20 Enhanced portfolio mix • Better cost efficiency . Disciplined pricing 2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 management Sep-20 Nov-20 Jan-21 Mar-21 50#6Operating Profit Operating Profit (HK$M) 33.5% 703 527 1Q2020 1Q2021 Operating Profit Margin (%) Stable SG&A Continue to invest for brand building with focus on premium products and personal care 15.7% 14.9% 15.4% 17.3% 12.9% 14.2% 2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 Vinda 6#7EBITDA EBITDA (HK$M) 811 1Q2020 24.5% EBITDA Margin (%) 21.8% 1,009 1Q2021 23.7% 23.9% 21.7% 22.6% 18.9% 2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2021 24 Vinda 7#8Revenue by Channel Group Mainland China 25% 29% 1Q2020 Revenue Vinda 29% 30% 36% 1Q2021 Revenue 11% 24% 13% 28% 24% 40% 1Q2020 Revenue 44% 1Q2021 Revenue 10% 10% 25% 22% Traditional channels (i.e. Distributors) Professional hygiene Key accounts (i.e. Hypermarkets, Supermarkets) E-Commerce 8#98送入 Continuous Innovation AY all 超抽4层 Vik 厨房纸巾 8 Dekor 优惠装 3送1 Tempo Temo 74.2. LEVE Libresse Libresse Libresse M Btiar Vinda Vinda Tempo Libresse INCO Professional Hygiene 9#10Disclaimer 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. 10 10