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1 Uni-President Enterprises Corporation 1

2 Outline Overview of Uni-President Group Uni-President Enterprises Corp. Uni-President Affiliates Asia Presence and strategies 2

3 Overview of Uni-President Group 3

4 Group Consolidated Net Revenue* US$ billion UPEC and affiliates ( holding over 20% ) Exchange rate on Dec 30, 2005: US$ I = NT$

5 Group Overview Founded in 1967, Uni-President is one of Taiwan s largest conglomerates including industries in food manufacturing, distribution, trading, and small focus on finance, electronics, construction, leisure and entertainment. Geographic presence in Taiwan, China, Vietnam, Thailand, Indonesia and The Philippines. The Group s industries are divided into five subgroups: Industry Company Food Manufacturing Retail and Distribution Trading Financials Investments Uni-President Enterprises Corp. President Chain Store Corp. Nan Lien International Corp. Various Entities President Int l Development Corp. 5

6 Major Entities and Selected Brands Food Uni-President Enterprises Corp. TTET Union Corp. (38%)- Taiwan s largest soybean crushing manufacturer Kuang Chuan Co., Ltd. (31%)- Dairy products & beverages Retail Trading Investments Financials PCSC (45%) Presicarre Corp.(40%) PCSC operates Taiwan s largest distribution channels with over 4,349 7-Eleven chain stores Presicarre Corp. is Taiwan s largest hypermart chain stores with 43 stores, 2005 net revenue US$1.6bn Nan Lien International Corp. (100%) Importer, distributor and agent of consumer products including Anheuser-Busch beer, Maxwell House Coffee and Chupa Chups Lollipops 2005 net revenue of US$71mn PIDC (66%) Investment arm of the Group with investments in LTPS TFT LCD, shopping mall, biotechnology, and petrochemical 2005 total investment over US$595mn in 52 entities Various Entities 29% ownership of President Securities 14% ownership of Grand Bills 30% ownership of Allianz President Life Insurance 6

7 Overview of Uni-President Enterprises Corp. 7

8 Uni-President Enterprises Corp. UPEC is Taiwan s largest and one of China s leading food manufacturer, with unconsolidated sales of US$1.2bn for 2005 and total assets of over US$2.3bn Market capitalization of US$3.0bn * 62% TWSE Food Weight 7% 5% UPEC Lien Hwa Wei Chuan Food * Market capitalization and weight based on closing price as of Oct 27,

9 Core Food Operation Category Range of Business Sales % ~Sep Beverages & Dairy Products Tea, Dairy Products, Coffee, juice and water 37% 42% 43% Provisions Feeds, edible oil and flour 38% 31% 31% Instant Foods Instant noodles 11% 10% 11% Other Foods Frozen foods, meat products, 7% 9% ice cream and seasoning 9% Health Foods Health food products and bakery 7% 7% 7% * By unconsolidated Internal report 9

10 Taiwan Operation Result* Unit: US$ mn Sales Gross Margin OP Margin Net Income EPS (NTD) ~ ~ % 22.35% 4.43% 3.46% % % % 12% 2006 divested Scino Pharm, profit realized US$2mn 2005 Asset Impairment charge US$6mn * Unconsolidated * Exchange rate on Dec 30, 2005: US$ I = NT$

11 Uni-President Affiliates 11

12 President Chain Store Corp. Leading Retailers in Taiwan Operates 7-ELEVEN chain stores, the leading convenience store in Taiwan US$mn 6,000 5,000 4,000 3,000 2,000 1,000 - Taiwan CVS Sales % Total 4,316 4,682 4,985 5,428 PCSC 2,192 2,363 2,464 2,852 Source Taiwan Ministry of Economic 12

13 Number of Convenience Stores 2006/10/29 total 4,349 Stores Market Share : 46.4% (by number of stores) Main Chain Stores in Taiwan Niko Mart Chain OK Chain Hi-Life Chain ,060 1,160 Family Mart Chain 1,010 1,161 1,303 1,500 1,698 1,851 7-ELEVEN Chain 2,640 2,908 3,187 3,470 3,680 4,037 13

14 US$mn 5,000 4,000 3,000 2,000 1,000 - Presicarre Corp. Leading Hypermart in Taiwan 2006 June with 43 Stores, including 6 stores acquired from Tesco, market share reached to 45% Taiwan Retail Outlet % Total 4,313 4,354 4,253 4,258 Presicarre 1,310 1,336 1,419 1,577 Source Taiwan Ministry of Economic 14

15 President Drug Store Established in 1995, PCSC 100% investment Retailer of well-known cosmetics, medicine and sundries End of Sep, 2006 with 197 stores in Taiwan, 6 stores in China China target: 100 stores in Guangdong by 2010 USD$mn Sales Stores 15

16 President Coffee Operates in Taiwan and China: Shanghai, Jiangsu, Chejiang areas USD$mn Sales Taiwan / China Number of Stores Taiwan / China Sep 93 16

17 Nanlien International Corp. Importing & Distributing Founded in 1979, Nanlien has built the distribution network around Taiwan and many sales offices in China. Well-known marketing and sales capabilities create opportunities to cooperate with international companies Category Company Brand Beer Anheuser- Busch Budweiser Michelob Classic Dark Busch Coffee Kraft Foods Maxwell House Candy Chupa Chups Chupa Chups Lollipop 17

18 Asia Presence and Strategies 18

19 Presence in Asia Country with our manufacturing facilities Vietnam Instant noodles 1 Provisions 2 Thailand Beverages 1 Indonesia Instant noodles 2 Beverages 1 PRC Instant noodles 12 Beverages 12 Provisions 9 Taiwan Instant noodles 2 Bev./Dairy 3 Provisions 2 Others 6 Philippines Instant noodles 1 * Base on 31 Aug,

20 Revenue* in Asia ~9 / ~9 26% 51% 7% Country with our manufacturing facilities Vietnam US$110.0m US$ 86.9m Thailand US$ 17.7m US$ 36.1m Indonesia US$ 35.9m US$ 33.5m Total Revenue USD2,486mn 4.4% 0.7% 1.4% 54% 39% 0.3% PRC US$1,335m US$1,041m Taiwan US$ 981m US$ 922m Philippines US$ 6.7m US$ 3.7m 28% 6% 80% * By internal report and unaudited 20

21 Instant Noodles Revenue* in Asia Country with our manufacturing facilities ~9 / ~9 Total Revenue USD401mn PRC US$ 254m US$ 265m 4% 9% 8% Vietnam US$ 8.2m US$ 8.9m Indonesia US$ 30.6m US$ 33.4m 2.0% 7.6% 63% 25% 1.6% Taiwan US$ 102m US$ 104m Philippines US$ 6.3m US$ 3.7m 2% 69% * By internal report and unaudited 21

22 Beverage Revenue* in Asia ~9 / ~9 Total Revenue USD1,220mn Country with our manufacturing facilities PRC US$ 776m US$ 492m 58% 115% 51% Vietnam US$ 1.3m US$ 0.6m Thailand US$ 17.7m US$ 36.1m Indonesia US$ 5.4m 0.1% 1.4% 0.4% 64% 34% 0% Taiwan US$ 419m US$ 378m Philippines US$ 0.4m 11% * By internal report and unaudited 22

23 M&A Project in China Jianlibao Wondersun Dairy Yantai North Andre Juice Jinmailang Drink Beijing Co., Ltd Acquired Jianlibao Sales Agency 15% holding, aim to develop various nutrition from dairy and soybean 5% holding, listed in Hong Kong GEM Principal Products: Apple Juice Concentrate 50% JV with Jinmailang for beverage manufacturing and sales 23

24 YHS Uni-President Food & Beverages 50% JV with Yeo Hiap Seng (Malaysia) Berhad Integrating food and beverage manufacturing and sales in Singapore, Malaysia and Thailand for Uni- President and Yeo Hiap Seng Group. Yeo Hiap Seng Group has been established for over 100 years with well-known brands such as Yeo s, Fizzi and Goodtase; company is listed in Singapore and Malaysia. 24

25 Asian Operation Strategies One Core + Four Axles 25 Distribution channels Manufacturing + R&D Brand Trading Strategic alliance + M&A

26 26

27 說 略 27

28 28

29 * US$ billion * 20% * 金 率 NT$

30 說 立 年 零 易 陸 律 年來 流 金 易 聯 易 數 金 30

31 益 (38%)- (31%)- 料 路 易 金 (45%) 樂福 (40%) 零 路 4,349 7-Eleven 便利 樂福 量 連 年 US$1.6bn 聯 易 (100%) 理 Anheuser-Busch Maxwell House and Chupa Chups 糖 2005 年 US$71mn (66%) LTPS TFT LCD 2005 年 52 金 US$595mn 數 金 29% 14% 30% 聯 31

32 說 32

33 陸領 2005 年 US$1.2bn US$2.3bn US$3.0bn * 62% 類 7% 5% 聯 *

34 類 % M 料 茶 37% 42% 43% 糧飼料 38% 31% 31% 11% 11% 10% 冷 7% 9% 9% 7% 7% 7% * 34

35 Unit: US$ mn 年 * ~ ~ 利率 23.76% 22.35% 益率 4.43% 3.46% 利 (NTD) 年 神隆 利 US$2mn 2005 年 US$6mn 6% % % 12% * * 金 率 NT$

36 36

37 US$mn 6,000 3,000 零 路 連 便利 便利 52.5% ,316 4,682 4,985 5,428 2,192 2,363 2,464 2,852 料來 數 37

38 便利 數 2006 年 10 4,349 數 率 46.4% 便利 Niko Mart Chain OK Chain Hi-Life Chain ,060 1,160 Family Mart Chain 1,010 1,161 1,303 1,500 1,698 1,851 7-ELEVEN Chain 2,640 2,908 3,187 3,470 3,680 4,037 38

39 樂福 量 連 路 2006 年 6 43 Tesco 6 率 45% US$mn 5,000 4,000 3,000 2,000 1,000 - 量 % 4,313 4,354 4,253 4,258 樂 1,310 1,336 1,419 1,577 料來 數 39

40 USD$mn 200 立 年 年 陸 陸 年 數

41 Starbucks 陸 USD$mn / 陸 數 / 陸 Sep 93 41

42 聯 易 立 1979 年 聯 立了 路 陸 立 良 行 力 聯 類 Anheuser- Busch Budweiser Michelob Classic Dark Busch Kraft Foods Maxwell House 糖 Chupa Chups Chupa Chups Lollipop 42

43 略 43

44 陸 料 糧 糧 2 料 1 2 料 1 料 糧 Others 律 1 * 數 44

45 2006 1~9 / ~9 USD2,486mn 26% 51% 7% US$110.0m US$ 86.9m US$ 17.7m US$ 36.1m US$ 35.9m US$ 33.5m 4.4% 0.7% 1.4% 54% 39% 0.3% 陸 US$1,335m US$1,041m US$ 981m US$ 922m 律 US$ 6.7m US$ 3.7m 28% 6% 80% * 45

46 9% 8% US$ 8.2m US$ 8.9m US$ 30.6m US$ 33.4m ~9 / ~9 2.0% 7.6% USD401mn 63% 25% 1.6% 陸 US$ 254m US$ 265m US$ 102m US$ 104m 律 US$ 6.3m US$ 3.7m 4% 2% 69% * 46

47 料 ~9 / ~9 USD1,220mn 115% 51% US$ 1.3m US$ 0.6m US$ 17.7m US$ 36.1m US$ 5.4m 0.1% 1.4% 0.4% 64% 34% 0% 陸 US$ 776m US$ 492m US$ 419m US$ 378m 律 US$ 0.4m 58% 11% * 47

48 陸 略 力 易 北 利 力 15% 5% 50% 料 48

49 料行 來 來 料 立 年 49

50 路 略聯 略 50 易