...

Technology is a tool
people make the difference...

Corporate Presentation
 ...Technology is a tool
people make the difference...

“24 Quarters of continuous profitability

24 Quarters of consistent growth

for 24 Quarters we delivered our Promises”

Delivering on
promises
Contents

Corporate Financial Strategic Executive Executive

Overview Highlights Update Summary Summary

1 2 3 4 6

5
 Delivering on
promises
1 Corporate Overview

Profile of ECS Group

Serving over 21,400
Listed on Singapore
channel partners
Stock Exchange
in China
- ECS.SI, ECS.SP
and Southeast Asia

Leading provider of Top 3 ICT

ICT Products and distributor
Enterprise Systems in China and ASEAN
 Delivering on
promises
1 Corporate Overview

Profile of ECS Group

Revenue Overview

SingDollars FY04 FY05 FY06 FY07 FY08

Revenue 1.86 billion 2.03 billion 2.34 billion 2.79 billion 2.95 billion

Operating Profit 25.6 million 29.9 million 33.6 million 42.5 million 52.2 million

Enterprise IT services Distribution

Systems Consulting, Training, ICT Products
ICT Infrastructure Implementation &
Maintenance

•Regional coverage : China, Indonesia, Malaysia, Philippines, Singapore, Thailand

•Over 50% of our business comes from China
Delivering on
promises
1 Corporate Overview

Partnering with the best

MAJOR VENDORS
 Delivering on
promises
1 Corporate Overview
Consumer Commercial Service

Product Picture Channel Product Picture Channel Services Channel

iPOD Notebook

System Integrator, Application Developer, MIS Department

System Integrator, Application Developer, MIS Department
Post Sales

IT Malls, It supermart, Electronic Supermart and Retailers

Maintenance

Notebook Desktop
Training

(Government, Telco, Manufacturer, etc)

(Government, Telco, Manufacturer, etc)

Desktop Server
Comsultancy

Printer Printer

Implementation

Toner Network

Supplies Database

Security

Storage Storage

Microsoft

3rd Party H/W

Total = 21,400 Channel Partners

 Delivering on
promises
1 Corporate Overview

Board of Directors

Group CEO - Tay Eng Hoe

Group COO – Foong Kam Tho
Group CFO – Eddie Foo

China CEO Indonesia CEO Malaysia CEO Thailand CEO Singapore CEO Philippines CEO
Mervyn Mao Tantri Bisono Foo Sen Chin Narong Intanate Sebastian Chong Jimmy Go

HQ : Guangzhou Jakarta Petaling Jaya Bangkok Singapore Manila

Offices: Beijing Bandung Penang Chiangmai Cebu
Chengdu Medan Johore Bahru Hat Yai
Hongkong Surabaya Kuantan Khon Kaen
Shanghai Yogyakarta Kota Kinabalu Nakhon Ratchasima
Shenyang Semarang Kuching Phitsanulok
Shenzhen Bali Phuket
Wuhan Makasar Rayong
Xi’an Palembang Surat Thani

8
 Delivering on
promises
1 Corporate Overview

Extensive Regional Network

Countries Channel
2009 Offices
China 7,300 9
Thailand 4,500 9
China Malaysia 2,500 6
Pop: 1.28b
Singapore 1,100 1

India
Hong Kong Indonesia 3,500 9
Pop: 7.2m
Pop: 1.03b
Thailand
Philippines 2,500 2
Pop: 62m
Philippines
Indo-China Pop: 85m 21,400 36
Malaysia
Pop: 28m Singapore
Pop: 4.3m
Opportunities for expansion
Indonesia
India
The Group HQ
Pop: 238m Vietnam
Subsidiaries Australia
Countries for ECS future Sri Lanka
growth
Australia
Pop: 19m
 Delivering on
promises
1 Corporate Overview

Consistent Profit Track Record

29.4
30

23.4
25
20.1
20 17.3
S$ Mil

13.5
15

10
6.3

0 10
2003 2004 2005 2006 2007 2008
 Delivering on
promises
1 Corporate Overview

Consistent Dividends
2.7

2.5

2.0
1.5 1.5
1.4
cents

1.5

1.0 0.8

0.3
0.5

0.0
2003 2004 2005 2006 2007 2008
11
Company able to pay dividends up to 35% of yearly NPAT.
 Delivering on
promises
2 Financial Highlights

Income Statement Highlights

FY2008 FY2007 FY2006
S$ 'MIL S$ 'MIL S$ 'MIL
Revenue 2,949.9 2,789.4 2,339.3
Operating Profit 52.2 42.5 33.6
Operating Profit Margin 1.77% 1.52% 1.43%
NPATMI 29.4 23.4 20.1
Basic EPS (cents) 8.04 6.40 5.51
Cash Flow 16.4 7.2 29.9
Working Capital Days 37.4 42.0 47.6
NAV 65.1 58.2 52.3
ROCE 11.7% 10.0% 9.1
ROE 13.0% 11.6% 11.0
 2 Q3 09 & YTD Sep 09 Highlights

Income Statement Highlights

Actual Actual Actual YTD Actual YTD
S$ million Variance Variance
Q309 Q308 Sep09 Sep08

Revenue 885.3 751.0 17.9 % 2,359.3 2,226.3 6.0 %

Gross Profit 41.3 36.1 14.3 % 111.4 111.8 (0.4) %

GP Margin 4.66% 4.81% (14.5) pp 4.72% 5.02% (30.0) pp

Operating Expenses 25.6 24.3 5.3 % 72.4 75.3 (3.9) %

Operating Expenses % 2.90% 3.24% (34.7) pp 3.07% 3.38% (31.7) pp

Operating Profit 18.2 12.9 41.2 % 43.7 39.9 9.5 %

Operating Profit Margin 2.05% 1.71% 33.9 pp 1.85% 1.79% 5.9 pp

Interest Expense 1.5 2.9 (49.9) % 3.6 8.4 (57.4) %

NPATMI 10.3 7.6 35.7 % 26.1 21.5 21.4 %

NPATMI Margin 1.16% 1.01% 15.3 pp 1.11% 0.97% 14.1 pp

Operating Cash Flow (in millions) 4.7 4.7 (0.6) % 40.7 (14.0) N.M

Working Capital Days 32.4 42.4 (10.0) days 36.0 42.6 (6.6) days

Net Gearing 0.48 0.75 (36.2) % 0.48 0.75 (36.2) %

ROE 16.7% 13.8% 21.4 % 14.3% 13.1% 9.2 %

13
1313
 2 Q3 09 Highlights
Setting the pace

Distribution Segment – Q3 2009

Revenue PBIT
Up 16.5% y-o-y, due to increase in 51.9% increase in PBIT due to
consumer demand for desktops and higher sales for desktops &
notebooks notebooks and lower operating
expenses as % of sales
580.0
8.5
550.0 562.2 8.0 8.4
Up 7.5
(S $ 'm illio n s )

520.0

(S$'millions)
16.5% 7.0 Up
6.5 51.9%
490.0
6.0
460.0 482.6
5.5
5.5
5.0
430.0
4.5
400.0 4.0
Q3 2008 Q3 2009 Q3 2008 Q3 2009
14
14
 2 Q3 09 Highlights
Setting the pace

Enterprise Systems Segment – Q3 2009

Revenue PBIT
Increased 20.7% y-o-y, contributed by 35.2% increase in PBIT due to
higher sales for servers, networking and higher sales for servers,
enterprise software networking and enterprise
software
320.0
9.5
305.0 315.6
8.8 9.36
290.0 Up
20.7%
(S$'m illions)

( S $ 'm illio n s )
275.0 8.0 Up
35.2%
260.0 7.3
245.0 261.5 6.5 6.92
230.0
5.8
215.0
200.0
5.0
Q3 2008 Q3 2009 Q3 2008 Q3 2009
15
15
 2 Q3 2009 Highlights
Setting the pace

Revenue (by geographical segments) – Q3 2009

North Asia Southeast Asia
Revenue grew by 24.9% as compared Revenue from Southeast Asia
to Q3 2008 led by higher demand in increased by 10.6% year-on-year due
desktops, notebooks and networking to increase in sales for notebooks in
hardware Indonesia and Malaysia

480.0
410.0
477.8
460.0
395.0 407.5
(S $m illio n s)

440.0

(S$millions)
Up Up
24.9% 380.0 10.6%
420.0
365.0
400.0 368.4
380.0 350.0
382.6
360.0 335.0

340.0 320.0
Q3 2008 Q3 2009 Q3 2008 Q3 2009
16
16
 2 Q3 2009 Highlights
Setting the pace

Profitability (by geographical segments) – Q3 2009

North Asia Southeast Asia
PBIT increased by 37.1% as compared to PBIT from Southeast Asia grew
Q3 2008 due to higher sales for 45.2% year-on-year contributed by
notebooks and desktop the higher gross margins achieved
in Indonesia

9.0 9.5
8.5 9.0 9.4
8.7
8.0 8.5

(S $m illions)
(S$millions)

Up 8.0 Up
7.5 45.2%
37.1% 7.5
7.0
7.0
6.5 6.5
6.0 6.4 6.5
6.0
5.5 5.5
5.0 5.0
Q3 2008 Q3 2009 Q3 2008 Q3 2009 17
17
 2 YTD Sep09 Highlights
Setting the pace

Distribution Segment – YTD Sep 2009

Revenue PBIT
Increase 7.2% y-o-y, due to higher 14.4% growth in PBIT
demand for desktops and notebooks contributed by higher sales for
notebooks and lower operating
expenses as % of sales
1,500.0
21.3
Up 1,481.2
1,400.0 20.5 21.1
7.2%
Up
(S $ 'm illio n s )

1,381.2 19.8
14.4%

(S$'m illions)
1,300.0
19.0

1,200.0 18.3 18.4

17.5
1,100.0
16.8

1,000.0 16.0
YTD Sep 2008 YTD Sep 2009 YTD Sep 2008 YTD Sep 2009

18
18
 2 YTD Sep 09 Highlights
Setting the pace

Enterprise Systems Segment – YTD Sep 2009

Revenue PBIT
Up 4.6% y-o-y, due to higher sales for 5.2% increase in PBIT due to
networking and storage higher sales for networking and
storage

860.0
Up 22.0
840.0 856.4
4.6% 21.0
820.0 Up 21.4
20.0 5.2%

(S $ 'm illio n s )
(S$'m illions)

800.0
818.8 20.3
780.0 19.0
760.0 18.0
740.0 17.0
720.0 16.0
700.0 15.0
YTD Sep 2008 YTD Sep 2009 YTD Sep 2008 YTD Sep 2009
19
19
 YTD Sep 2009
2
Setting the pace
Highlights
Revenue (by geographical segments) – YTD Sep 2009
North Asia Southeast Asia
Revenue grew by 11.2% as compared Revenue from Southeast Asia
to Sep 2008 led by higher demand in increased by 0.6% year-on-year due
desktops, notebooks, servers and to increase in notebook sales
networking products

1,150.0
1,300.0
1,100.0 Up

(S$millions)
(S $ m illio n s )

1,225.0 1,254.2 1,098.7 0.6%

1,105.2
Up 1,050.0
11.2%
1,150.0
1,000.0
1,127.6
1,075.0 950.0

1,000.0 900.0
YTD Sep 2008 YTD Sep 2009 YTD Sep 2008 YTD Sep 2009
20
20
 2 YTD Sep 2009 Highlights
Setting the pace

Profitability (by geographical segments) – YTD Sep 2009

North Asia Southeast Asia
PBIT declined by 0.5% as compared to PBIT from Southeast Asia grew
Sep 2008 due to higher provisions made 20.8% year-on-year contributed by
for doubtful debts the higher gross margins achieved
in Indonesia

21.0 23.0
20.9 Down 20.8 23.0
20.0 0.5% 22.0
21.0

(S$millions)
Up
(S$millions)

19.0 20.8%
20.0
18.0 19.0
19.0
18.0
17.0
17.0
16.0 16.0

15.0 15.0
YTD Sep 2008 YTD Sep 2009
YTD Sep 2008 YTD Sep 2009
21
21
 Delivering on
promises
3 Strategy Update
PROFIT

Focus on increasing
our revenue yield and
shareholders’ return

ove
Impr ility
•More direct/indirect t ab
investments in Profi
retail business
•Source for
•Broaden accessories
more high
product offerings
margin products
•Improve: •Invest in service
- working capital business
turns
- balance sheet
- cash flow
•New countries Grow
•Existing country
accessories &
more channels
and M&A Grow retail business
Enterprise &
Services
Continue strengthen Business
Group
Geographic Financial health
and channel
expansion STRATEGIC DIRECTIONS
 Delivering on
promises
4 Executive Summary

ECS VALUE PROPOSITION

ƒ Experience and committed management team.
ƒ Consistent delivery of results and profits for the last 24 quarters.
ƒ Financially strong and solid infrastructure.
ƒ Established 21,400 channel network and wide geographic market
coverage.
ƒ Comprehensive range of world class IT products & agencies.
ƒ Excellent Growth potential and strong leadership position in this region.
DISCLAIMERS
The views expressed by ECS Holdings Limited (the “External Party”) on the occasion of CIMB-
GK Investment seminar: Taking Stock of Technology - The Worst is Over! are the personal views
and opinions of the External Party (the “External Party’s Views”) and in no way reflect the views,
opinions, expressions or representations of CIMB-GK Securities Pte Ltd.

CIMB-GK has no, and will not accept any, obligation to check or ensure (i) the reliability, relevancy
or fairness of the External Party’s Views, or (ii) the accuracy or completeness of the External
Party’s Views. Without prejudice to or derogating from the generality of the foregoing, no
representation or assurance is given by CIMB-GK Securities Pte Ltd that the External Party’s
Views contain all information that an investor may require. To the extent permitted by applicable
law, CIMB-GK Securities Pte Ltd, or any of its affiliates, or its related persons (and their respective
directors, associates, connected persons and/or employees) shall not be liable in any manner
whatsoever for any consequences (including but not limited to any direct, indirect or consequential
losses, loss of profits and damages) arising from the reliance or use of the External Party’s Views

Investors are advised to make their own independent evaluation of the External Party’s Views,
consider their own individual investment objectives, financial situation and particular needs and
consult their own professional and financial advisers as to the legal, business, financial, tax and
other aspects as investors may regard as relevant.
Thank You