Exhibit $4$ Financial Projections for OldTown Berhad, $20182022($RM in millions$)$

$20182019202020212022$

Revenue RM$466\mathrm{.}4$ RM$514\mathrm{.}1$ RM$562\mathrm{.}9$ RM$602\mathrm{.}3$ RM$632\mathrm{.}5$

Revenue Growth $9\mathrm{.}7\%10\mathrm{.}2\%9\mathrm{.}5\%7\mathrm{.}0\%5\mathrm{.}0\%$

Operating Profit $($EBIT$)$ RM$94\mathrm{.}1$ RM$103\mathrm{.}8$ RM$118\mathrm{.}2$ RM$129\mathrm{.}5$ RM$139\mathrm{.}1$

Operating Profit Margin $20\mathrm{.}2\%20\mathrm{.}2\%21\mathrm{.}0\%21\mathrm{.}5\%22\mathrm{.}0\%$

EBIT $=$ Earnings Before Interest & Taxes

Taxes $($Corporate Rate$)24\%$ RM$22\mathrm{.}6$ RM$24\mathrm{.}9$ RM$28\mathrm{.}4$ RM$31\mathrm{.}1$ RM$33\mathrm{.}4$

EBIAT RM$71\mathrm{.}5$ RM$78\mathrm{.}9$ RM$89\mathrm{.}8$ RM$98\mathrm{.}4$ RM$105\mathrm{.}7$

EBIAT $=$ Earnings Before Interest & After Taxes

Cash Flow Items

Depreciation & Amortization RM$17\mathrm{.}3$ RM$18\mathrm{.}1$ RM$19\mathrm{.}0$ RM$20\mathrm{.}0$ RM$20\mathrm{.}0$

Capital Expenditures $.$ Calculate the FREE CASH FLOW