Clear media limited

ANNUAL RESULTS 2011

Forward-looking statementsThis presentation and subsequent discussion may containcertain forward-looking statements with respect to thefinancial condition, results of operations and business ofClear Media. These forward-looking statementsrepresent Clear Media’s expectations or beliefsconcerning future events and involving known andunknown risks and uncertainties which could cause actualresults, performance or events to differ materially fromthose expressed or implied in such statements. 2

INTRODUCTIONPeter CosgroveDeputy Chairman 3

FINANCIAL REVIEWTeo Hong KiongCFO 4

FY11 Consolidated Income Statement(HK$’M) FY10* FY11 YoY%Turnover 1,262 1,486 +18%Cost of sales, excluding amortization (560) (669) +19%Operating expenditure, excluding depreciation & (229)* (270) +18%* amortizationEBITDA 473 547 +16%Depreciation & amortization (246) (272) +11%EBIT 227 275 +21%Net profit 166 188 +13%Basic EPS (HK cents) 31.50 35.45 +13%Final DPS (HK cents) - 5.0*Operating expenditure, excluding depreciation & amortization, includes the Share Option Expense Adjustment booked in FY10 5

FY11 Consolidated Income Statement,excluding the Share Option Expense Adjustment Booked in FY10(HK$’M) FY10 FY11 YoY%Turnover 1,262 1,486 +18%Cost of sales, excluding amortization (560) (669) +19%Operating expenditure, excluding depreciation & (249) (270) +8% amortizationEBITDA 453 547 +21%Depreciation & amortization (246) (272) +11%EBIT 207 275 +33%Net profit 146 188 +28% 6

Performance by Activities Bus Shenzhen Other(HK$’M) Shelter Bus Body Formats HQ TotalRevenue 1,361 123 2 - 1,486EBITDA 571 3 - (27) 547EBIT 299 3 - (27) 275Net Profit/ 216 2 - (30) 188(Loss) 7

Revenue By Location FY2010 FY2011 Beijing 24% Beijing 26% Others Others 46% 45% Shanghai 15% Shanghai 13% Guangzhou Guangzhou 15% 16% 8

Costs & Expenses(HK$’M) FY10 FY11 YoY%Rental 308 360 +17%Maintenance 100 127 +27%Electricity 51 56 +10%Sales & Cultural Tax 101 126 +25%Direct operating costs 560 669 +19%S, G & A & other expenses 249* 270 +8%Total costs & expenses, 809 939 +16%excluding depreciation & amortization*Exclude Share Option Expense Adjustment booked in FY10 9

Trade Receivables(HK$’M) Dec 31, 2010 Jun 30, 2011 Dec 31, 2011Current – 90 days 221 294 28191 – 180 days 135 132 200Over 180 days 128 144 74 484 570 555Less: provision for impairment (39) (40) (40)3rd party receivables 445 530 515Turnover days (time wt. avg.) 119 days 119 days 106 daysDue from GWH 142 158 134 10

Increase in Cash Flows(HK$’M) FY10 FY11 YoY%Net cash flows from operating activities 478 649 +36%Net cash flows used in investing activities (244) (347) +42%Net cash flows from financing activities 16 - -100%Net increase in cash & cash equivalents 250 302 +20%Net cash & cash equivalents at the beginning of period 421 671 - at the end of year 671 973 +45% 11

REVIEW OFSTRATEGY& EXECUTIONHarrison ZhangCOO 12

FY11 Highlights China domestic consumption growth continued despite Challenging global economic environment Government measures to curb property prices & inflation This growth was helped by Urbanization Rising general income Brands from Greater China Region increased ad spend Some advertisers expand into 2nd & 3rd tier cities High competitive pressure in Shanghai post World Expo 13

FY11 Business Performance by Location Total revenue from tier-one cities up 17% YoY to HK$747 million BJ: Revenue +25% with improvement on both ASP to occupancy rate GZ: Revenue +26% with inventory increase, improvement on both ASP & occupancy rate SH: Revenue +30% with Shanghai World Expo in FY10 Revenue -4% in FY11 without major event Mid-tier cities: Revenue up 15% to HK$614 million 14

Revenue By Industry FY10 FY11Beverages 17% 20%Food 16% 13%Telecommunications 13% 11%IT 3% 10%Entertainment 8% 10%Fashion & ornaments 7% 8%Realty 6% 6%Business/Consumer services 6% 5%Health products 5% 5%Cosmetics & Toiletries 6% 3% 15

FY12 Outlook Cautious about Global economic environment Tightening effect of government measures on advertising industry Long-term prospects remain positive Further optimize ASP & occupancy rate Broaden initiatives to raise cleaning & maintenance standards to maintain premium pricing position Enhance centralized inventory management system 16

FY12 Outlook (cont’d) Utilize cash on hand to Expand bus shelter network • Organic buildout • Third-party leasing • Acquisitions Deploy new display and interactive technology at the right time Explore complementary advertising formats & segments to widen our advertising footprint profitably 17

Questions & Answers 18

APPENDIX 19

Power of our Network(For the year ended 31 December 2011) Avg A.S.P. Occupancy Panel No. SalesTop-tier cities Beijing +9% 70% +2% 25% Guangzhou +7% 62% +16% +26% Shanghai -22% 57% +11% -4% - 64% 8% 17%Mid-tier cities +7% 66% +1% +15%TOTAL 4% 66% 4% 16% 20

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