FY 2013 Results Presentation 27 February 2014

1. FY 2013 Results Presentation 27 February 2014 自信領航 2014 第二季度業績簡報

2. 免責聲明 2 The presentation is prepared by Yangzijiang Shipbuilding (Holdings) Ltd. (the “Company”) and is intended solely for your personal reference and is strictly confidential. The information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. Neither the Company nor any of its affiliates, advisors or representatives make any representation regarding, and assumes no responsibility or liability whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors or omissions in, any information contained herein nor for any loss howsoever arising from any use of these materials. By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information contained in these materials has not been independently verified. No representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. The information and opinions contained in these materials are provided as at the date of this presentation and are subject to change without notice. None of the underwriters nor any of their respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of these materials. In addition, the information contains projections and forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Actual results may differ materially from those forecast and projected. This presentation and such materials is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This document may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the Company. Any investment in any securities issued by the Company or its affiliates should be made solely on the basis of the final offer document issued in respect of such securities. Relaying copies of this presentation to other persons in your company or elsewhere is prohibited. These materials are not for distribution, directly or indirectly, in or into the United States, Canada or Japan. These materials are not an offer of securities for sale into the United States, Canada or Japan. The securities may not be offered or sold in the United States under the U.S. Securities Act of 1933, as amended, unless they are registered or exempt from registration. There will be no public offer of securities in the United States.

3. 3 第 1 章 財務亮點

4. 營運成果– 2014 第二季度年同比 4 #: #包括管理和財務費用

5. 收入明細 5 (金額以人民幣為計算單位) *包括來自航運物流及租賃，鋼鐵製造和船舶設計服務收入

6. 獲利趨勢 6 毛利及可歸於股東淨利 人民幣 百萬元

7. 獲利趨勢 7 息稅前利潤及稅前息前與折舊前淨利 人民幣 百萬元

8. 營運成果–資產負債表 8

9. 9 第 2A 章 業務部門回顧 造船相關業務

10. 營收趨勢 10 金額都以人民幣百萬元為計算單位 造船相關業務部門 *1H2014其他 - 包括來自航運物流和包機，鋼鐵製造收入及相關貿易業務，船舶設計服務收入

11. 11 第 2B 章 業務部門分析 投資業務

12. 營收趨勢– 持有至到期資產 12 金額都以人民幣百萬元為計算單位 來源：公司數據

13. 持有至到期資產 13 人民幣　百萬元 來源: 公司數據

14. 持有至到期金融資產 14 按質押物種類劃分的投資明細 (%) 質押物公允價值／投資金額倍數 借款人明細　(2Q2014)

15. 持有至到期金融資產 15 • 資金迴圈:每年起過六成(每一季度約為15%)的資金被償還，用於再投資 • 2014年第二季度，17億人民幣按期償還，新增投資約19億人民幣 • 違約率不超過5% • •違約率不超過5%

16. 小額貸款業務 16 質押物明細(2014年6月30日截止) 營收趨勢(人民幣 百萬元)

17. 17 第 3 章 造船訂單

18. 在手訂單 18 貨櫃輪 散貨輪 • 36,000DWT x 4 艘 • 45,000DWT x 2 艘49,500DWT x 1 艘64,000DWT x 21 艘82,000DWT x 51 艘94,000DWT x 2 艘208,000DWT x 12 艘260,000DWT x 4 艘 • 1,100TEU x 5 艘 • 2,500TEU x 2艘 • 4,800TEU x 1艘 • 10,000TEU x 17 艘 備註: 至2014年6月30日止的訂單數量

19. 在手訂單回顧 19 艘 美金 10億元

20. 訂單客戶概況 20 截至2014年6月30日 按區域別 貨櫃輪 散貨輪

21. 新接訂單趨勢 21 新接訂單的船舶數量及總合約價值 (美金 10億元) 數量 US$’billion

22. 22 第 4 章 集團策略和趨勢

23. 佔據策略性地理優勢的船廠分佈 23

24. 綜合海事集團 24 核心策略： 構築集團核心造船能力，以期從造船行業複甦中獲益

25. 造船及相關業務 25

26. 非船業務 26 • 金融投資 • 旨在維持一個安全的投資產品組合以獲得穩定回報，以作為應對造船業週期的有效工具 • 控制金融投資規模 • 房地產開發 • 集團已出售其持有吳江金科揚子置業發展有限公司全部50%股權。 • 與集團控制非船業務投資規模的計畫一致

27. 2014年度展望 27 • 2014年上半年,集團共計接獲 32 艘有效訂單，合約總金額合計14.2億美元。 • 根據2014年7月29日國際船舶網報導,揚子江是中國2014年迄今新簽訂單量最高的船廠，同時也憑藉在手訂單以修正總噸量計位列全球船廠第八中國船廠首位。 • 憑藉可觀的共計122艘價值50.2億美金的在手訂單，集團的造船產能至2016年將處於飽和狀態。目前集團尚持有4艘10,000TEU貨櫃輪待生效合約。 • 由於船舶運營效率正逐漸成為船東的關注重點，航運市場對大型高端船舶的需求也日益上升。因此，集團注意到市場上的新訂單諮詢恢復活躍。集團將繼續有選擇的接單以實現股東利益最大化。 • 集團將繼續強化造船能力，以開發並建造更大更複雜的船型。 • 作為高新技術企業，江蘇新揚子造船有限公司2014-2015年將繼續享受15%的企業所得稅優惠稅率。

28. 28 謝謝 如需更多資訊，請聯絡: 臺灣財經公關顧問有限公司 柯美月/ 張興華 Meei-yueh@financialpr.com.sgrichard@financialpr.com.sg Tel: (02) 7718 2838 Fax: (02) 7718 2837