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 3.15 3.57 4.23 1.13 0.5 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1H2015 Capex incurred during the period excluded the RMB4 billion investment in Sinopec Marketing The Group was free cash flow break-even in 1H2015 (1H2014: RMB202 million positive free cash flow) ENN 新奥 22

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