Investor Presentaiton

RMB billion CAPEX 4 3.5 3 2.5 2.65 2.10 1.69 1.69 2 1.42 1.28 1.02 1.5 1 3.57 3.15 4.23 0.5 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 The Group recorded positive free cash flow of RMB1.33 billion in 2015 (2014: RMB892 million positive free cash flow) 2.85 ENN 新奥 9

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