Investor Relations Deck

2Role of Co-President
Role• Oversees global business
operations of all business partners
which includes:• Information technology &systems• Supply chain• Product safety & qualitymanagement• R&D and productdevelopment• Aim of expanding revenue andmaximizing operation profitability• Jointly responsible for MSV• Primarily responsible formaximizing EPS

MSVWee Siew Kim=Yuichiro Wakatsuki

EPSRole• Corporate management whichincludes:• Corporate planning• Finance and accounting• Investor relations & publicrelations• Legal affairs & auditing• General affairs & humanresources• Promotion of ESG * SDGs
• Aims to achieve further growththrough proactive IR activities, optimal
financial strategies and M&A• Jointly responsible for MSV• Primarily responsible for maximizing
PERx PER

3

Nippon Paint Group Global

Key Facts:•

Revenue (1H 2021): 498 billion yen•

Revenue (2021F): 1,010 billion yen•

Employees: 34,000 persons•

30 countries/regions•

Factories: 131•

Founded 140 years ago in 1881
Revenue by Region (1H 2021)

AMERICAS
8%OTHERS
6%JAPAN16%OCEANIA
17%

ASIA
53%

4Our Growth
Growth ofPartner
Companies

Aiming to achieve organically:• Revenue of 1,100 billion yen &• Operating profit of 140 billion
in FY2023

Organically

Consolidationof Market

Participate in theconsolidating global market
space in Japan and overseas

Plus growth from M&A
Expansion on
Total CoatingSolutions &Beyond
Coatings

Expanding into adjacencies suchas substrate products, putty,sealants, adhesives, fillers,accessories and construction
chemicals

56Facts & Figures
Revenue (1H 2021):

Established in1962

295 billion yen
2009 – 2020 Growth:• Revenue CAGR: 11%• PAT CAGR: 11%

Asia #1Paint and Coatings
Company

Revenue by Region (1H 2021)
OTHERS
11%• Leading coatings provider across thearchitectural, automotive, industrial, marine
and protective coatings segments• Decorative paint segment: 69% of Grouprevenue

ASIA (EXNIPSEACHINA)…

NIPSEA
CHINA
59%• Lean For Growth (LFG) culture, continuallyseeking out growth opportunities for
Maximization of Shareholder Value (MSV)• Think global, act local• Autonomy to Group companies

No of Employees

25,544

No of Factories

95Countries/Regions

22

Singapore
1962

Our Footprint7Malaysia
1967
Thailand1967
Indonesia
1969
Hong Kong, China
1970
Philippines
1976
South Korea
1977
China
1992
Vietnam
1994
Taiwan, China
2004
Pakistan
2007
Bangladesh
2011
Singapore
1962

Sri Lanka
2012
U.A.E
2014

Beginning of NIPSEA partnership
Wuthelam & Nippon Paint

Myanmar2017
Turkey
2019
Egypt
2019
Kazakhstan
2020

8What differentiates us?
STRONG BRAND

Heavy investment in technicalresources, state of art upcoming
Shanghai R&D campus

TECHNOLOGY &INNOVATIONPEOPLE

Our Organisation
CultureSustainable growth with social
responsibility, integrating SDGs and ESG
initiatives into our corporatemanagement

Strong top of mind
Award-winning and accolades
Established programs : AYDA

COMMITMENT TOSUSTAINABILITY

EXTENSIVEGEOGRAPHICALFOOTPRINT

WIDE DISTRIBUTION& MARKET
DOMINANCE

95 factories across theGroup

Employees are our driving force
Bind by a powerful LFG culture

Unparalleled distribution reach
within China
Decorative leadership position inChina, Singapore, Malaysia,
Indonesia, Turkey and Sri Lanka

9Our Strong Brand Assets globally
Nippon Paint is the most popular brand among homeowners in Asia

Regional Wide marketing platforms

Iconic Projects Across the GlobeAwards & Accolades10NIPSEA Technology HubEurope
97

1,528

China
789

South East Asia
NIPSEA
Technical Staff

2,580

Shanghai R&D
Innovation CenterIndia 166
ASEAN R&DCenter

Nippon Paint China has been honored as a
Patent Demonstration Enterprise, a prestigious
award which is issued by the Intellectual
Property Office for enterprises withoutstanding work on patent management andpatent strategy

Continue New Competency Building

11

NIPSEA CHINA Overview
Established inRevenue (1H 2021):

1992

175 billion yen
2009 – 2020 Growth:• Revenue CAGR: 12%• PAT CAGR: 10%

No of Employees

9,994

No of Factories

52

Revenue by Business Segments
Automotive Coatings
11%Industrial
Coatings
7%Others
1%DecorativePaints
81%

No.1 in Wall Paint andWood Coating Category in2021 China Brand Power Index

NIPSEA China – Growing from Strength to Strength
STRONG BRAND

Established track record:
12% Revenue CAGR
10% PAT CAGR from 2009

PROVEN TRACK
RECORD

Number 1 for decorative segment in China
Strong brand recognition*: 50% Top of Mind awarenessbased on 2020 survey comprising >4,000 respondents

HEADROOM FORGROWTHPlenty of headroom for growth:
33% DIY market share, 9% Projectmarket share
Growth areas: Accessories,ancillaries, putty, ETICs,
construction chemicals, sealants,adhesives and fillers, presenting
huge market opportunity
Innovation: Continuous innovationof products and technology
Scaled operating position

Extensive footprint: 52 factories
across China, leading and advanced
production facilities (11 newfactories under construction)

WIDE
DISTRIBUTION &MARKET
DOMINANCEEXTENSIONGEOGRAPHICALFOOTPRINTPEOPLE

Competitive workforce:
Lean for Growth Culture

Unrivaled sales network: 58,000
sales locations

Advanced Production FacilitiesNIPSEA China – Decorative Segment Growth Areas
Leadership in “Refresh” repainting services: started since Year 2011 and now present in 88 cities

Total coating solutions: meeting varied needs by consumers and industries (hospitality, residential, commercial,healthcare, education etc)

Pushing environmental, health & functional offerings

Leveraging Digitalization to increase business efficiency: Pioneering BMD (Building Material Distribution)
program, optimizing value chain and distribution. Expansion to 20 cities by year end since inception Q3 2020

Widening portfolio of product range and product systems to meet broader customer demands

Beyond coatings: providing substrate products, auxiliary materials and energy-saving insulation products

Geographical penetration into 3rd and 4th tier cities, country areas

NIPSEA China - Addressing Potential Threats Head-on
Continued investment into:
BRAND

PRODUCTION• DIY and Project gaining more ground in 2021
(1H2021 China Decorative Revenue +56%)• Growing Premium and Mass market DIY products – seeing stronger
growth for Premium & Mass market vs Economy products• Shifting away from cut-throat areas (little differentiation)

DISTRIBUTION DIGITALISATION• Expanding coverage of Building Material Distribution to more cities,
allowing for deeper entrenchments and partnership with individual paintshop• Accelerating growth and doubling the number of computerized Colour
Creations Machines (CCM) by year end

PEOPLETECHNOLOGY• Fostering strong relationship & recognition - #1 brand - Preferred Paint
Vendor by Top 500 Chinese Real Estate Development Enterprises 2021
• Increased spend on R&D differentiated products

16

NIPSEA China - Automotive & Industrial Segment• Key supplier to Auto OEMs
Our Automotive coating offering• Adopt streamlined approach to market: Strengthening ourkey position in Japan Auto OEMs, expanding share in nonJapanese Auto OEMs, tap our European connection to
grow the European Auto OEM business in China

Interior Plastic
CoatingOEM Coatings• Clear Coat
• Base Coat
• Primer• E-coat• Pretreatment• Industrial coatings: Increasing share of value forenvironmentally friendly high solids products for
Waterbased and Powder coatings• Technology & Innovation: Strong local R&D capability,
offering customized coating materials and solutions tomeet the needs of customers and ensuring sustainablegrowthParts Ecoat

Aluminum Wheels
Coating, including powders

Exterior Plastic
Coating17

Other NIPSEA markets - Extending Penetration & Share
Decorative leadership position: Number 1 in Singapore, Malaysia, Indonesia, Turkey and Sri Lanka

Substantial headroom for inroads and growth: Markets where we do not have leadership position
and including Indonesia, Turkey and Sri Lanka, our decorative market share is less than 35%.

2009 – 2020 Growth:• Revenue CAGR: 10%• PAT CAGR: 18%

Strong brand recognition: 34% Top of Mind awareness, 43% Most Preferred Brand,
49% Most Recommended Brand based on 2020 survey*
Vast footprint: 43 factories across NIPSEA markets outside China(1 new factory under construction in Malaysia)

Competitive workforce: Lean for Growth Culture

Growth areas leveraging on existing channels: Accessories, ancillaries, putty, ETICs, construction
chemicals, sealants, adhesives and fillers

Our VISION
Building a sustainable future through customer centric growth
Supporting Education

Empowering Communities

Protection & Preservation

PROceed Painter Training, India
Education Light, Vietnam
Art+, Xichang-Grace School,China

Protégé, Thailand
Students Education Support Awards,China

N’Shakti, India

Arts Build Communities,
Vietnam

19

THANK YOU