Summer Garden Investor Presentation

INVESTOR PRESENTATION 49 MOST COMPETITIVE IN LAND ACQUISITION DUE TO COST LEADERSHIP STRATEGY LANDBANK REPLENISHMENT PRICE CALCULATION UPPER LIMIT FIXED for each location FIXED by new strategy commitment to shareholders MANAGEABLE component: key focus area LIMITED FOR EACH LOCATION 35% GROSS MARGIN Higher construction cost with same land acquisition cost makes the Company less profitable than competitors SWEET SPOT Aim to minimise to a level more than competitors have OFFER BEST PRICE for land vs competitors ACCEPTABLE COST ■ Cost leadership strategy enables Etalon to be more competitive for new land acquisition while also earning a higher profit margin ■ A lower purchasing price for unzoned land creates additional upside potential for profitability ■ Automated land screening " system provides Etalon faster access to attractive new land for potential development Offer a variety of instalment and profit-sharing schemes to decrease pressure on the balance sheet APARTMENT SELLING PRICE REQUIRED GROSS MARGIN Higher construction cost with same profitability makes the Company less competitive for land acquisition CONSTRUCTION COST FINAL ACQUISITION COST PROFITABILITY UPSIDE LAND COST

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