BreadTalk Group Limited

2Q 2009 Results Presentation13 August 2009

Outline

• Financial Review

• Business Review

• Going Forward

Financial Review

P & L Highlights

$m 2Q09 2Q08Chg

%HY09 HY08

Chg

%

Revenue 57.0 47.8 ▲ 19.3 114.2 92.9 ▲ 23.0

Operating Profit 4.6 4.7 3.9 7.8 5.6 ▲ 40.2

Profit Before Tax 4.5 4.4 ▲ 2.8 7.6 4.9 ▲ 53.0

Net Profit 3.0 2.9 ▲ 3.4 5.1 2.6 ▲ 93.9

EPS (fully diluted) 1.30cts* 1.25cts** ▲ 4.0 2.18cts*** 1.13cts** ▲ 93.8

4

* 234,540,367 shares, **234,911,034 shares, ***234,564,034 shares

Revenue TrendS

$ m

illio

n

5

Revenue Mix by Activity

6

Revenue Mix by Geography

7

– PRC grew 26.6% to $41.0m

– Spore grew 10.8% to $52.4m

– Hong Kong grew 102.0% to $13.7m

Net Profit TrendS

$ m

illio

n

8

Operating Margins

HY09 HY08% Point

Change

Bakery 4.9% 3.0% +1.9%

Food Court 7.6% 6.4% +1.2%

Restaurant 12.9% 13.8% -0.9%

Group Average 6.8% 6.0% +0.8%

9

Balance Sheet Highlights

($’000)30 Jun 2009 31 Dec 2008

Current Assets 77,166 77,348

Current Liabilities 77,408 82,866

Non-Current Assets 66,686 69,809

Non-Current Liabilities 6,761 8,158

Total Equity 59,683 56,133

10

Cash Flow Highlights

$’000HY 2009 HY 2008

Cash flows from operating activities 9,231 6,602

Cash flows (used in) investing activities (6,163) (8,380)

Cash flows (used in) financing activities (4,794) 4,261

Net increase (decrease) in cash and cash

equivalents

(1,726) 2,483

Cash and cash equivalents at beginning

of financial period

47,877 38,238

Cash and cash equivalents at end of

financial period

46,151 40,721

11

Business Review

BreadTalk / Toastbox

Bakery – Owned & Operated

• Contributed 44.3% to HY 09 revenue

– ▲ $4.2m or 19.8% to $25.2m in 2Q 09

• Owned and operated 105 outlets as of 30 Jun 09

No. of Outlets 30 Jun 08 31 Dec 08 30 Jun 09

Singapore 39 42 43

PRC 31 36 40

Hong Kong 2 5 7

Malaysia 7 12 12

Thailand 3 3 3

Total 82 98 105

14

Bakery – Franchise

• Contributed 8.2% to HY 09 revenue

– ▲ 53.3% to $5.2m in 2Q 09

• Expanding franchised outlet network and master franchisees

Franchised outlets 30 Jun 08 31 Dec 08 30 Jun 09

Indonesia 44 48 51

Philippines 12 15 15

Kuwait 7 7 7

UAE 4 4 -

Oman - 1 1

Bahrain - - 1

India 4 7 6

Korea 1 1 2

PRC 48 58 71

Total 120 141 15415

Bakery/Franchise

• Operating profit of $2.0m in 2Q 09 compared to $2.1m in 2Q 08 (incl. franchised business)

• Singapore bakery operations improved profitability in 2Q 09

but for higher bonus provision

• PRC bakery operations recorded lower operating profit in

2Q 09 due to challenging business environment

• Hong Kong bakery recorded smaller operating loss

16

Restaurants

Restaurants

• Contributed 15.4% to HY 09 revenue

• ▲ 13.8% to $8.8m in 2Q 09

• Restaurant Operating profit decreased to $1.1m in 2Q 09

from $1.4m in 2Q 08 mainly due to pre-operating cost of

Carl’s Jr restaurants

18

Food Republic

Food Republic

• Contributed 32.1% to HY09 revenue

• Revenue▲ 13.9% to $17.8m in 2Q 09

• Higher revenue from Hong Kong food court operations

• Marginally lower operating profit of $1.5 million in 2Q 09 (2Q 08: $1.6 million):

• Temporary closure of a food court in Beijing in 2Q 09

• Group now owns 31 Food Republic food courts as at 30 Jun 2009

No. of Food Courts 30 Jun 08 31 Dec 08 30 Jun 09

PRC 20 20 22

Hong Kong 3 5 5

Singapore 3 3 3

Malaysia 1 1 1

Total 27 29 31

20

Going Forward

Going Forward

22

THANK YOU