Yongxing Project Overview and Xinyuan Project Investment Highlights

GI Performance Remains Resilient Despite Pandemic Revenue (RMB mil) 18-20' CAGR 35% 737 1335 1155 18-20' CAGR 26% 504 379 318 FY2018 FY2019 FY2020 4Q2018 4Q2019 4Q2020 18-20' CAGR 33% 276 EBITDA (RMB mil) 489 433 18-20' CAGR 24% 166 185 121 Despite of pandemic, GI continued to grow its contributions to the Group and provide long-term, recurring, high-quality income. Although the pandemic initially caused the reduction of operating hours in the early of 2020, the Company managed to achieve YoY growth due to its strong capabilities to rapidly resume and maintain normal operations after the pandemic came under control. GI projects are still ramping up, the long-term Net Present Value ("NPV") of future cashflows generated by the GI business is expected to be substantially higher than the latest reported period.* The recurring organic cashflow of GI will be a funding source for future GI expansion in the long term. * Based on the company's long-term discounted cashflow forecasts FY2018 FY2019 FY2020 4Q2018 4Q2019 4Q2020 18

View entire presentation