CORPORATE PRESENTATION

Feb 2021

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This presentation prepared by mm2 Asia Ltd. (the "Company") does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe

for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred

to in this presentation in any jurisdiction in contravention of applicable law. Persons requiring advice should consult their stockbroker, bank manager,

solicitor, accountant or other independent financial consultant.

This document is confidential and has been made available in confidence. It may not be reproduced, disclosed to third parties or made public in any way or

used for any purpose other than in connection with the proposed investment opportunity without the express written permission of the Company.

This presentation should not be relied upon as a representation of any matter that an advisor or potential investor should consider in evaluating the Company.

The Company and its related bodies corporate or any of its directors, agents, officers or employees do not make any representation or warranty, express or

implied, as to the accuracy or completeness of any information, statements or representations contained in this presentation, and they do not accept any

liability whatsoever (including in negligence) for any information, representation or statement made in or omitted from this presentation.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company’s control

which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations

implied by these forward looking statements. The Company makes no representation or warranty, express or implied, as to or endorsement of the accuracy or

completeness of any information, statements or representations contained in this presentation with respect to the Company

It is acknowledged that the Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to

reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory

authority.

For Investor Relations/Media:

emily@gem-comm.com

SAFE HARBOUR STATEMENT

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Company

Overview

Investment

Merits

FAQ

Contents

1 2 3

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Price 0.081

52 Wk High/Low 0.240/0.077

Market cap S$94m

Free Float % 38.23%

Major Shareholders % outstanding

Melvin Ang 38.11%

Starhub Ltd 9.83%

In S$m

(YE 31 March)FY 2016 FY 2017 FY 2018 FY2019 FY2020

1H

FY2021

Revenue 38.3 95.7 192.0 266.2 235.8 19.9

EBITDA 19.4 41.8 64.2 78.5 97.9 6.2

Net Profit to Owners

(“PATMI”) 8.2 17.5 22.4 19.1 3.3 (22.4)

Return on Com Eqty % 23.9% 21.1% 14.2% 10.8% 2.3% N/A

Pro Forma EBITDA 19.4 41.8 64.2 78.5 74.5 # (5.9) #

Pro Forma PATMI 8.2 17.5 21.0 18.2* 8.2* (22.4)

* Before impairment loss on goodwill on cinema segment & CB’s related accounting treatment# before IFRS leasing accounting standard

Company Overview

Leading producers and promoters of live events and

concerts in Asia (UnUsUaL)

2nd and 4th largest cinema operator in Singapore and

Malaysia respectively

Rising revenue contribution from Greater China

(China, HK, Taiwan) from 14% in FY15 to as high as

22.6% in FY20

Poised for strong recovery from 5 year low

Leading producers of Chinese content for theatre

releases in 5 key geographical locations (SG, MY, HK,

TW, PRC)

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Production35%

Cinema37%

Concert & Event 26%

Others2%

Production67%

Cinema20%

Concert & Event 13%

Company Overview | Segmental Breakdown

FY20 sales by segment

FY20 EBITDA by segment

Production83%

Concert & Event 17%

FY20 Pro Forma PATMI by segment

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*Cinema & other losses represents 38% of PATMI from profitable segments

Investment Merits| Executive Summary

1. Leading Integrated Entertainment Content & Platforms

2. Strong Pipeline with Committed Funding

3. Strategic Pivot to Streaming as New Revenue Driver

4. Actively Resolving the Cinema Challenge

5. Strengthening of Group Balance Sheet

1. )

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TV/Movie Producer

Produced over 100 films

and distributed almost

200 films since 2008

Events/Concerts

Involved in 147 live

events/concerts in FY20

Digital Content

Track record of award

Winning visual effect

and Animation works

Cinemas

SG: 8 locations, 64 screens,

10,644 seats

MY: 14 locations, 119 screens,

20,035 seats

Others

41.5%

39.2%

DISTRIBUTORS

CONTENT

CREATORS

DevelopmentPre-production &

FinancingProduction & Post

productionDistribution Exhibition

services cover the entire filmmaking value chain

Leading Integrated Entertainment Content & Platforms

100% 100%

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Leading Integrated Entertainment Content & Platform

Pure content producer, low risk business model

Sources of funds

• mm2 earns production revenue and

margins regardless of the movie’s box

office performance

• Box office success represents

additional upside to producer by way

of producer bonus (8-10%)

• Award winning content and

commercial success can boostproduction margins over time

Investors*

Grants/

Subsidies

Production

Revenue

Distributor

Exhibitor

Revenue

Investor’s return

Ground events

and Sponsorship

Use of funds

Box office

Highest Grossing Taiwanese Film of ALL TIME

Box office taking of c. US$150milv.s. production budge cost of c. US$3mil

* Represent 60% to 90% of production revenue 8

Producer Bonus

Leading Integrated Entertainment Content & Platform

Latest Award and Critical Acclaim

• 7 Movies Nominated including Number 1, I Weirdo, Hello! Tapir, The Silent Forest, The Rope 2, Precius is the Night, Your Name Engraved Herein . Total 27 nominations

• Won 5 awards

Number 1 男儿王(Best Makeup and Costume Design)

Silent Forest 无声(Best Newcomer, Best Sound Effects)

Your Name Engraved Herein 刻在你心底的名字(Best Cinematography, Best Original Film Song)

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Strong Pipeline with Committed Funding

Snapshot of Pipeline Until FY2022

26 Projects with Total Project Value of ~S$99m

Mr Kiasu 2.0

乩身

Strategic Pivot to Streaming as New Revenue Driver

OTT

PLAYERS

Targeting 40% of the content production revenue from streaming channels by FY22

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Over half of these players are currently working with MM2

Cinema

Actively Resolving the Cinema Challenges

Possible Restructuring/Merger of mm2 Asia Cinema Business (Announced on 9 Dec 2020)

Proposed spin-off and listing of mm2 Asia Cinema Business on Catalist Board of SGX-ST

High Certainty of spin-off IPO given possibility of distribution-in-specie offering structure

Conversion of CB to Cinema Equity

Part repayment of acquisition debt by stand-alone listed Cinema entity

Replacing Medium Term Note with equity via Rights Issue

S$50m Medium Term Note will be fully repaid with proceeds from Rights issue.

S$’mil FYE Mar 2019 FYE Mar 2020 1H FY21

Cinema Revenue 100.7 87.9 3.6

Cinema EBITDA* 17.6 14.9 (10.0)

* EBITDA before IFRS leasing accounting standard and before impairment

The effect of the Covid-19 severely impacted the financials of FYE Mar 2021, partially mitigated by

government support and landlord relief.

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Group debt will shrink by over 50%

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Strengthening of Group Balance sheet

As at 30 September 2020 After Rights Issue After Cinema IPO *

Before the Rights Issue

Total net borrowings (S$ 'million) 253.3 201.1 116.4

Total equity (S$ 'million) 247.7 299.9 299.9

Net gearing (times) 1.0 0.7 0.4

• mm2 balance sheet will see significant improvement following Rights Issue and cinema IPO.

• Interest savings with CNCB conversion, MTN repayment and down streaming of S$30mil loan to standalone cinema entity is estimated to be c. S$6mil , which would improve PATMI significantly.

• On-going discussion with strategic investors, if materialize, will add growth capital and further strengthen group balance sheet.

• Issue size of approximately S$54.65mil, offered on the basis of One (1) Rights Share for every one (1) existing Share, issue price of S$0.047 for each Rights Share

* After conversion of S$54.7mil (including unwinding interests) CB to cinema equity and down streaming of estimated S$30mil parent level debt to standalone Cinema (non-recourse to mm2).

2020 Performance

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2020 Performance-Revenue & PATMI

S$ MILLION FY2020 FY2019 FY2018

CORE BUSINESS 76.9 98.2 93.6

CINEMA 87.9 100.7 45.0

UNUSUAL 61.8 56.2 46.4

VIVIDTHREE 5.8 9.3 6.3

OTHERS 3.5 1.8 0.6

TOTAL REVENUE 235.8 266.2 192.0

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S$ MILLIONNP

FY2020

Pro Forma

PATMI

FY2020

NP

FY2019

Pro Forma

PATMI

FY2019

NP

FY2018

Pro Forma

PATMI

FY2018

CORE BUSINESS (100%) 11.5 11.3 11.9 10.8 23.0 23.0

CINEMA (100%) (8.3) (3.7)* 1.9 2.7* (3.6) (3.6)

UNUSUAL (39.2%) 5.1 2.2 12.3 4.2 9.5 2.5

VIVIDTHREE (41.5%) (0.8) (0.3) 3.3 1.4 2.7 1.1

OTHERS (1.2) (1.0) (0.7) (0.7) (0.9) (0.9)

SEGMENT ELIMINATION NA (0.3) NA (0.2) (1.1) (1.1)

TOTAL 6.3 8.2*# 28.7 18.2* 29.5 21.0

*For comparison purposes to FY2019, adjusted FY2020 numbers before impairment & CB accounting

#Adjusted FY20 PATMI would be S$14mil, if add back interest savings of S$6mil from MTN and CB post corporate exercises

Core business of content production and distribution remain the key profit generator for the Group

THANK YOU!

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