#1JKH Investor Presentation Review of Q2 2023/24 John Keells Version 3.0 Group#2EBITDA: For the quarter ended 30 September John Keells Group EBITDA* (Rs. Million) Transportation Consumer Foods Q2 2023/24 Q2 2022/23 Variance Variance (%) 1,700 3,035 (1,335) (44) 1,237 1,009 228 23 Retail 1,983 1,963 19 1 Leisure 1,065 1,005 60 6 Property (435) (279) (156) (56) Financial Services 1,702 1,104 598 54 Other, incl. IT and Plantation Services 810 1,457 (647) (44) Group 8,061 9,294 (1,233) (13) *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. 2#3EBITDA: For the six months ended 30 September EBITDA* (Rs. Million) Transportation Consumer Foods Retail Leisure Property Financial Services Other, incl. IT and Plantation Services Group John Keells Group YTD 2023/24 YTD 2022/23 Variance Variance (%) 4,118 7,586 (3,468) (46) 1,956 2,242 (286) (13) 3,970 4,282 (312) (7) 1,349 2,874 (1,526) (53) (248) (419) 171 41 3,395 1,981 1,414 71 2,747 4,080 (1,333) (33) 17,288 22,628 (5,340) (24) *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. 3#4Quarterly EBITDA movement John Keells Group EBITDA (Rs. Million) Transportation Consumer Foods 2022/23 2023/24 Q2 Q3 Q4 Q1 Q2 3,035 1,499 1,546 2,419 1,700 1,009 402 651 720 1,237 Retail 1,963 2,320 2,230 1,987 1,983 Leisure 1,005 1,898 3,787 284 1,065 Property (279) (312) 516 187 (435) Financial Services 1,104 2,855 1,966 1,693 1,702 Other, incl. IT and Plantation Services 1,457 1,746 826 1,937 810 Group 9,294 10,408 11,523 9,227 8,061 LKR/USD exchange rate (period average in Rs.) 365 368 355 310 322 4#5Finance Cost: For the quarter ended 30 September Transportation Consumer Foods Retail Leisure Finance Cost (Rs. Million) Property Financial Services Other, incl. IT and Plantation Services Group Forex loss on Cinnamon Life loan translation Interest expense on HWIC Convertible Debentures** Group excl. forex loss and Debenture interest John Keells Group Q2 2023/24 Q2 2022/23 Variance Variance (%) 178 229 (51) (22) 173 210 (38) (18) 832 1,137 (306) (27) 2,928* 761 2,167 285 27 (118) 145 123 (277) 277 100 2,677 1,878 798 42 6,815 3,822 2,993 78 (2,139) (2,139) - (991) (463) 528 114 3,685 3,359 326 10 *The functional reporting currency of Waterfront Properties (Private) Limited (WPL), the project company of the Cinnamon Life Integrated Resort, was changed from US Dollars to Sri Lankan Rupees given the impending transition of the project from construction to an operational business next year, which resulted in a non-cash exchange loss of Rs.2.14 billion on the USD 225 million term loan facility at WPL. **Includes notional non-cash interest charged on the convertible debentures amounting to approximately Rs.800 million and Rs.460 million, in Q2 2023/24 and Q2 2022/23, respectively. 5#6Analysis of Finance Cost Transportation Consumer Foods Retail Leisure John Keells Group Finance Cost Q2 2023/24 Q1 2023/24 Q4 2022/23 (Rs. Million) 178 190 178 173 249 332 832 971 1,082 2,928* 843 27 31 864 25 Property Financial Services Other, incl. IT and Plantation Services Group Forex loss on Cinnamon Life loan translation - - - 2,677 3,061 2,954 6,815 5,345 5,435 (2,139) 4,676 5,345 5,435 Group excl. forex loss on Cinnamon Life loan translation Average weekly AWPLR (% for the period) 16.4 20.9 24.8 *The functional reporting currency of Waterfront Properties (Private) Limited (WPL), the project company of the Cinnamon Life Integrated Resort, was changed from US Dollars to Sri Lankan Rupees given the impending transition of the project from construction to an operational business next year, which resulted in a non-cash exchange loss of Rs.2.14 billion on the USD 225 million term loan facility at WPL. 6#7PBT: For the quarter ended 30 September Transportation Consumer Foods Retail Leisure PBT (Rs. Million) Property Financial Services Other, incl. IT and Plantation Services Group Forex loss on Cinnamon Life loan translation Interest expense on HWIC Convertible Debentures Group excl. forex loss and Debenture interest John Keells Group Q2 2023/24 Q2 2022/23 Variance 1,530 779 2,799 (1,249) Variance (%) (45) 547 233 43 500 102 398 388 (2,721) (1,240) (1,481) (119) (395) (365) (30) (8) 1,695 1,082 613 57 (1,542) (341) (1,201) (352) (154) 2,564 (2,717) (106) 2,139 2,139 991 463 528 114 2,976 3,027 (50) (2) 7#8Key financial indicators John Keells Group (Rs. Million) Q2 2023/24 Q1 2023/24 31 March 2023 Group debt* excl. leases and incl. convertible debenture 240,189 227,759 229,749 Group debt excl. leases and convertible debenture 220,279 208,635 211,369 Cash and cash equivalents 98,771 96,760 100,340 Net debt excl. leases and convertible debenture 121,508 111,875 111,029 Net debt excl. leases and convertible debenture/Equity (%) 34.0 32.4 30.8 Net debt excl. leases and convertible debenture/ 2.4 recurring EBITDA (times) EBITDA 8,061 9,227 45,740** *Group debt includes the convertible debentures issued in August 2022. In the event the debentures are not converted during the conversion window, an obligation for Rs. 27.06 billion will materialise in August 2025. **Recurring EBITDA 8#9Overview of ESG initiatives • The Group's carbon footprint per million rupees of revenue increased by 19% to 0.44MT. • The Group's water withdrawal per million rupees of revenue increased by 30% to 9.25 cubic meters. John Keells Group The increase in the above ratios is mainly due to the decline in Group revenue in Q2 of the previous year, and due to higher levels of operational activity during the quarter, particularly in the Leisure, Supermarkets and Consumer Food businesses. Strengthening our efforts to promote public-private cooperation on employment support for persons with disabilities (PWD), the Group participated in a job coaching training workshop hosted by the Employment Support for Persons with Disabilities (ESPD) which is a joint venture between the Japan International Cooperation Agency (JICA) and the Department of Social Services. -#10Transportation: Port of Colombo Capacity Enhancements SOUTH HARBOUR DEVELOPMENT WCT-1 West Terminal East Terminal ECT CURRENT HARBOUR JCT CICT South Terminal SAGT Port of Colombo Volumes TEU'S 000 900 846 805 808 780 770 800 700 600 585 480 500 435 440 446 431 482 400 440 416 408 300 Q2 Q3 Q4 Q1 2022/23 2023/24 SAGT SLPA CICT *SLPA includes volumes of JCT and ECT terminals Q2 22 John Keells Group 10#11WCT-1: Construction progress ECT WCT-1 CICT John Keells Group November 2022 September 2023 The groundwork on the West Container Terminal (WCT-1) at the Port of Colombo is progressing well with all construction work relating to the first phase of the project (800 meters of quay length) being awarded. Overall timelines for the project remain as originally envisaged, where Phase 1 is slated to be operational by 3Q 2024/25 and the remainder of the terminal is expected to be completed 3Q 2025/26. The U.S International Development Finance Corporation (DFC) has committed to finance the development of the WCT-1 project through a long-term loan facility of USD 533 million. 11#12Transportation: Q2 2023/24 Port Business (South Asia Gateway Terminal) Q2 Earnings Update: John Keells Group Volumes (TEUS) 2022/23 2023/24 Q2 Q3 SAGT Q4 439,605 416,381 408,261 Q1 445,515 Q2 482,255 Domestic: Transshipment 12:88 13:87 13:87 10:90 10:90 volume mix Bunkering Business (Lanka Marine Services) 2022/23 2023/24 LMS (%) Q2 Q3 Q4 Q1 Q2* YoY volume (2) (8) (0) (19) growth (25) *Excluding the fuel sales to local industries which was permitted by the Government in Q2 2022/23, the YoY volume decline for Q2 2023/24 is 11%. (Rs. mn) Q2 2023/24 Q2 2022/23 1,700 3,035 EBITDA In Q2 of 2022/23, LMS recorded a substantial increase in profitability driven by high margins on account of the significant increase in global fuel oil prices. In addition, volumes included fuel sales to local industries. Whilst LMS recorded higher margins during Q2 2023/24, a decline in volumes impacted overall profitability. SAGT recorded a volume growth of 10%, surpassing the volume growth at the Port of Colombo of 8%. However, in addition to the impact of the appreciation of the Sri Lankan Rupee against the US Dollar, profitability was lower due to a change in the volume mix due to a decline in domestic import volumes, while ancillary revenues declined from the peak levels witnessed last year. 12#13Consumer Foods: Q2 2023/24 Q2 Earnings Update: John Keells Group Key performance 2022/23 2023/24 indicators (%) (Rs. mn) Q2 Q3 Q4 Q1 Q2 Q2 2023/24 Q2 2022/23 Volume growth: EBITDA 1,237 1,009 Frozen Confectionery 6 (19) (30) (10) (2) Beverages (CSD) 13 (19) (40) (3) 5 Convenience Foods (11) (33) (48) (35) (18) EBITDA (Rs. Million) 1,009 402 651 720 1,237 EBITDA margin 12 6 8 9 15 Revenue mix (CSD:FC) 38:62 38:62 38:62 44:56 41:59 Key performance FY2019 FY2020 FY2021 FY2022 FY2023 indicators (%) Both the Beverages and Frozen Confectionery businesses recorded an improvement in margins on account of declining raw material prices together with the stabilisation of the Rupee. The margins recorded an increase despite the impact of the Social Security Contribution Levy (SSCL) which came into effect in October 2022. Despite a 5% volume increase in the Beverages business, profitability of the business was impacted by a one-off increase in promotional and marketing related expenses which were undertaken during the quarter under review. Recurring EBITDA margin 18 20 20 17 10 13#14Cost of Sales analysis of the Beverages business Cost of sales composition - Q2 2023/24 vs Q2 2022/23 Indexed price of raw materials 67% 68% 3% 2% 350 300 250 200 30% 30% 150 100 50 0 Raw materials and packaging costs Energy costs Others Q2 FY24 ■Q2 FY23 % of raw materials directly imported Q2 2023/24: 39% Q2 2022/23: 31% Index: Q1 FY20 = 100 John Keells Group Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY20 FY21 FY22 FY23 FY24 Beverages: white refined sugar (price per kg) CSD PET bottle (price per unit) 14#15Cost of Sales analysis of the Frozen Confectionery business Cost of sales composition - Q2 2023/24 vs Q2 2022/23 75% 82% Indexed price of raw materials Index: Q1 FY20 = 100 600 John Keells Group 7% 4% 500 400 300 200 18% 14% 100 0 Raw materials and Energy costs Others packaging costs Q2 FY24 ■Q2 FY23 % of raw materials directly imported Q2 2023/24: 65% Q2 2022/23: 44% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY20 FY21 -Skimmed milk powder (price per kg) Ice cream containers and lids (per unit) FY22 FY23 FY24 Ice cream:white refined sugar (price per kg) 15#16Retail: Q2 2023/24 Supermarket business Q2 Earnings Update: John Keells Group Key performance 2022/23 2023/24 (Rs. mn) indicators (%) Q2 Q3 Q4 Q1 Q2 Q2 2023/24 Q2 2022/23 Same store sales EBITDA 1,983 1,963 73.7 40.6 30.1 22.8 10.4 growth Same store footfall 76.9 11.1 0.1 14.8 10.6 growth Average basket (1.8) 26.5 30.0 7.0 (0.2) value growth EBITDA 1,671 1,987 1,986 1,740 1,750 (Rs. Million) EBITDA margin 6.9 7.7 7.9 6.3 6.4 The Supermarket business recorded a strong performance in revenue during the quarter, with same store sales recording an encouraging growth of 10%, driven by customer footfall growth of 11%. The increase in revenue coupled with the benefits accruing from various productivity and cost efficiency initiatives and supplier negotiations drove the improvement in EBITDA. The Office Automation business recorded an increase in mobile phone sales volumes. One outlet opened during the quarter, increasing the total outlet footprint as at 30 September 2023 to 132 outlets. 16#17Retail: Q2 2023/24 vs Q2 2022/23 Same Store Sales 10.4% Same Store Footfall 10.6% ABV (0.2)% John Keells Group Q2 2022/23: Sustained growth was maintained despite the challenging operational environment. Q2 2023/24: The conversion of standard format outlets to an extended format, along with promotional campaigns, contributed to same store sales growth. Q2 2022/23: ☐ Customer Count was maintained despite the challenging operational environment. Given the macroeconomic conditions, demand shifted towards Modern Trade in comparison to General Trade. Q2 2023/24: Continued to attract new customers as well as improved footfall from existing customers with the easing of inflationary pressures. Q2 2022/23: ☐ September 2022 NCPI (YoY) - 73.7%. Due to adverse macroeconomic conditions, the Weight of Purchase (WOP) decreased due to reduced spending on non-essential items, while the Retail Selling Price (RSP) rose significantly on account of high inflation levels. Q2 2023/24: ☐ ■ September 2023 NCPI (YoY) - 0.8%. Despite a QoQ tapering down of inflation, the slight YoY increase in inflation led to a rise in the RSP. The ongoing reduction in the consumption of non- essential items led to a decrease of the WOP, which contributed more significantly to the decline in the ABV. 17#1840 40 Dec-18 Arrivals ('000) 00 80 120 Mar-19 Jun-19 160 200 240 Tourist arrivals to Sri Lanka: recovery trend post-pandemic 280 Sri Lanka - Monthly Tourist Arrivals Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Source: Sri Lanka Tourism Development Authority Mar-21 Month 2019 2020 2021 2022 2023 Jan Feb 244,239 252,033 207,507 228,434 1,682 82,327 102,545 3,366 96,507 107,639 Mar 244,328 71,370 4,581 106,500 125,495 Apr 166,975 4,168 62,980 105,498 мл May 37,802 1,497 30,207 83,309 Jun 63,072 1,614 32,856 100,388 Jul 115,701 2,429 47,293 143,039 Aug 143,587 5,040 37,760 136,405 Sep 108,575 13,547 29,802 111,938 Oct 118,743 22,771 42,026 109,199 Nov 176,984 - Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 44,294 59,759 Dec 241,663 393 89,506 91,961 Total 1,913,702 507,704 194,495 719,978 1,125,455 18 John Keells Group#19Tourist arrivals to the Maldives: recovery trend post-pandemic Arrivals ('000) 200 160 120 80 40 40 0 чт Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 The Maldives - Monthly Tourist Arrivals John Keells Group Month 2019 2020 2021 Jan 151,552 173,347 Л Feb 168,583 149,785 Mar 162,843 59,630 Apr 163,114 13 May 103,022 41 2022 92,103 131,764 172,499 96,882 149,008 177,915 109,585 150,739 173,514 91,200 145,279 164,357 64,613 125,522 120,959 2023 Jun 113,475 1 Jul 132,144 Aug 139,338 Sep 117,619 Oct 141,928 56,166 110,889 120,363 1,752 101,818 133,561 145,620 7,636 143,599 131,862 154,854 9,605 114,896 21,515 142,066 111,986 130,967 153,737 159,141 Nov 137,921 35,757 144,725 146,886 Dec 171,292 Total 1,702,887 96,412 164,284 184,051 555,494 1,321,937 1,675,303 1,520,189 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Source: Ministry of Tourism Maldives 19#20JKH Group: Leisure occupancies 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% " Easter Sunday terror attacks Peak of social unrest in Sri Lanka John Keells Group 0% Q2 Q3 FY19 FY19 Q4 Q1 Q2 FY19 FY20 FY20 Q3 FY20 Q4 Q1 Q2 FY20 FY21 FY21 Q3 FY21 Q4 Q1 Q2 FY21 FY22 FY22 Q3 FY22 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY23 FY23 FY23 Q1 Q2 FY24 FY24 Colombo Hotels -Sri Lankan Resorts -Maldivian Resorts Sri Lanka travel restrictions 20#21Leisure: Q2 2023/24 Q2 Earnings Update: John Keells Group 2022/23 2023/24 Key indicators (Rs. mn) Q2 Q3 Q4 Q1 Q2 Q2 2023/24 Q2 2022/23 Colombo Hotels* EBITDA 1,065 1,005 Occupancy (%) 29 43 62 49 67 ARR (USD) 62 65 63 70 69 EBITDA Margin (%) (4) 12 14 (3) 13 Sri Lankan Resorts Occupancy (%) 31 38 62 55 71 ARR (USD) 57 63 71 59 62 EBITDA Margin (%) (25) (11) 33 (18) 4 Maldivian Resorts Occupancy (%) ARR (USD) EBITDA Margin (%) 86 91 89 82 82 316 372 416 336 315 26 31 40 23 17 The Sri Lankan Leisure businesses continued to record an improvement in performance, with an increase in occupancies and room rates across properties. The Colombo Hotels segment continued its strong performance in restaurant operations whilst recording an increase in the number of events and banquets. The performance of the Group's Maldivian Resorts segment was impacted by a change in the mix of overall arrivals to the Maldives. Profitability was further impacted by higher distribution costs due to the channel mix. *Occupancies and ARRS exclude "Cinnamon Red Colombo". The performance of "Cinnamon Life Colombo", currently under construction, will be reported once the project commences operations. 21#22Cinnamon Life Integrated Resort Initial sketch by Sri Lankan-British Architect, Cecil Balmond John Keells Group The 3D rendering of "Cinnamon Life" "Cinnamon Life" under construction 22#23Cinnamon Life Integrated Resort BADES Rendering of "Cinnamon Life" Actual construction progress of "Cinnamon Life" H John Keells Group 23#24Cinnamon Life Integrated Resort Gaming John Keells Group Further to the ongoing discussions with prospective gaming operators, WPL entered into a Memorandum of Understanding with a leading international gaming operator. This MOU consists of the framework for investing into and operating of a casino. at the Cinnamon Life Integrated Resort as well as the commercial framework between the parties. As originally envisaged, WPL will lease out space at the Cinnamon Life Integrated Resort for the operation of the casino. 24#25Cinnamon Life Integrated Resort Change in the functional reporting currency of Waterfront Properties (Private) Limited (WPL) John Keells Group The functional reporting currency of WPL, the project company of the Cinnamon Life Integrated Resort, was changed from USD to LKR given the impending transition of the project to operations next year. The depreciation of the LKR against the USD post-transition resulted in a non-cash exchange loss of Rs.2.14 billion on the USD 225 million term loan facility at WPL, which is recognised under Finance Cost in the Leisure industry group. Previously, under a USD functional reporting currency at WPL, the exchange rate exposure of the USD denominated loan was matched against the USD denominated assets at WPL. This hedge ceases to operate on conversion to the LKR functional currency as the asset values no longer benefit from the movement in exchange rates. Taking a longer-term view, the overall financial performance of the Group, and WPL, will benefit from the conversion of the asset to LKR at a point of time where the LKR is relatively strong. Assuming the LKR will, on average, depreciate in the long-term, the conversion at this juncture results in a relatively lower LKR carrying cost of the asset, thereby improving the Group's capital employed and returns. Similarly, the depreciation charge on the entire asset will also be anchored to a lower LKR value, thereby having a positive impact on profitability in the long-term. Whilst the exchange loss arising from the USD 225 million term loan facility will be ongoing under an LKR depreciation environment, it is noted that the loan facility will mature in December 2026. Once operations commence, the business will generate USD denominated streams of revenue through its hotel and conferencing facilities. 25#26Cinnamon Life Integrated Resort 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, 7 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 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) 26#27Growth 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 27#28Property: Q2 2023/24 Cumulative sales update: (As at 30 September 2023) Number of units sold Number of remaining units Cinnamon Life: The Residence at Cinnamon Life The Suites at Cinnamon Life Total TRI-ZEN 145 86 109 87 254 173 670 221 Q2 Earnings Update: John Keells Group (Rs. mn) Q2 2023/24 Q2 2022/23 (435) (279) EBITDA The EBITDA includes profit recognition from 'TRI-ZEN' and rental income from ten floors of 'The Offices at Cinnamon Life'. Q2 of 2022/23 included revenue and profit recognition from real estate sales in Digana, through Rajawella Holdings (Private) Limited. The profitability of 'TRI-ZEN', which records the Groups' share of profit after tax as it is an equity accounted investee, was impacted by higher finance expenses on account of temporarily higher working capital requirements for the construction of the project. 28#29Viman John Keells Group In September 2023, John Keells Properties launched its latest residential project, 'Viman', located in the heart of Ja-Ela, a suburban area in close proximity to Colombo. Spread across six acres, offering a harmonious blend of modern comforts with 418 apartments, 'Viman' is designed to provide a secure, family-friendly environment with convenient access to the city of Colombo, while retaining the charm of a small-town setting. The preliminary sales interest for the project has been encouraging and construction of the first phase is expected to commence next year. 29#30Financial Services: Q2 2023/24 Union Assurance PLC Q2 Earnings Update: John Keells Group Key performance indicators (%) Q2 2022/23 2022/23 (Jul-Sep (Oct-Dec 2022) 2022) Q3 2023) Q4 Q1 Q2 2022/23 2023/24 2023/24 (Jan-Mar (Apr-Jun (Jul-Sep 2023) (Rs. mn) Q2 2023/24 Q2 2022/23 2023) EBITDA 1,702 1,104 GWP growth 3 3 5 21 15 Net profit (Rs. Million) 297 1,970 445 469 435 Net profit growth 5 44 105 79 46 Nations Trust Bank PLC NTB recorded a strong growth in profitability driven by net interest income through proactive asset liability management. UA recorded encouraging double-digit growth in gross written premiums, driven by renewal premiums and higher yields on investments. Q2 Key performance indicators (%) Q3 2022/23 2022/23 2022/23 (Jul-Sep (Oct-Dec (Jan-Mar Q4 Q1 Q2 2023/24 2023/24 (Apr-Jun (Jul-Sep 2022) 2022) 2023) 2023) 2023) Net profit growth 52 16 79 208 29 Loan growth 7 (3) (11) (14) 1 Net Interest Margin 8.1 7.0 8.0 7.6 6.7 Stage 3 loan ratio (net) 2.5 2.6 3.4 3.4 3.3 30#31THANK 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 Q2 2023/24 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. 31