1 Analyst Meeting Four Seasons Hotel Bangkok Minor International PLC MINT’s 1Q07 25 th May 2007
Forward Looking Statements Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are "forward-looking statements" within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made, including without limitation, risks and uncertainties associated with the following: the continued ability of Minor International Public Company Limited (“Mint”) to attract and retain personnel; identification, completion, terms and timing of future acquisitions and dispositions; the availability and terms of capital for acquisitions and for renovations; execution of hotel renovation and expansion programs; the ability to maintain existing management, franchise or representation agreements and to obtain new agreements on favorable terms; competition within the lodging and leisure industry; the cyclicality of the real estate business and the hotel and leisure business; foreign exchange fluctuations and exchange control restrictions; general real estate and national and international economic conditions; political and financial conditions and uncertainties in countries in which Mint owns or operates properties; changes in current laws, rules or regulations of governmental or other regulatory bodies; and other risks and uncertainties set forth in the annual, quarterly and current reports and proxy statements of Mint filed with the Securities and Exchange Commission (the "SEC"). Mint undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Mint makes no representation whatsoever about the opinion or statements of any analyst or other third party . Mint does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement MINT’s 1Q07 Analyst Meeting 2 25 th May 2007 Four Seasons Hotel Bangkok
Today’s Agenda � Key Issues in 1Q07 � 1Q07 Performance Financial Results � Pipeline Projects Update � Year-End Anticipations MINT’s 1Q07 Analyst Meeting 3 25 th May 2007 Four Seasons Hotel Bangkok
Key Issues in 1Q07 Food Business: Opened 13 new food outlets in Thailand and overseas � Investment of S&P with current holding of 17% � Innovative marketing campaigns & promotions � SSS +4% y-y, TSS +19% y-y � Hospitality & Leisure: Opened 2 hotels in Samui and Maldives � Occupancy at 81%, RevPar +19% y-y � Tender offer of Rajdamri Hotel with current holding of 96% � Appointment of Mr. Dillip Rajakarier for Hotel Finance VP � Residential Properties: Sold one villa of The Residence in Samui � MINT’s 1Q07 Analyst Meeting 4 25 th May 2007 Four Seasons Hotel Bangkok
13 New Food Outlets in 1Q07 7 4 3 1 -2 MINT’s 1Q07 Analyst Meeting 5 25 th May 2007 Four Seasons Hotel Bangkok
The Pizza Company’s Promotion January March February Extreme Square Cheesy Max BOGO Jan 24 Mar 1 Bye Bye Summer Attractive Price Point Any Pizzas 199.-up 199.- Free April May June MINT’s 1Q07 Analyst Meeting 6 25 th May 2007 Four Seasons Hotel Bangkok
Swensen’s Innovative Menu MINT’s 1Q07 Analyst Meeting 7 25 th May 2007 Four Seasons Hotel Bangkok
Sizzler’s Promotion Re-launch New in Salad Bar Roasted Pumpkin & Cashew Prawns & Rice Noodle Strawberry Mousse Relaunch New frequency Menu Old Insert Menu : Lunch Special New Insert Menu launch: April 12, 2007 MINT’s 1Q07 Analyst Meeting 8 25 th May 2007 Four Seasons Hotel Bangkok
First Franchise in Dalian, China � New TPC franchised outlet opened in May 2007 � Dalian is a trading and financial center in northeastern Asia and has gained the name the “Hong Kong of Northern China” � Together with equity outlet in Beijing, MINT now operates 33 food outlets in China including 10 TPC, 7 Sizzler, and 16 Le Jazz MINT’s 1Q07 Analyst Meeting 9 25 th May 2007 Four Seasons Hotel Bangkok
Newly Opened Hotels The Hot List Hotels of Conde Naste Traveller’s (May Issue) 2007 Naladhu Maldives Maldives Four Seasons Samui Samui Naladhu Four Seasons 19 Pool Villas 60 Pool Villas Occupancy 60% ADR $1,600 Occupancy 50% ADR $650 MINT’s 1Q07 Analyst Meeting 10 25 th May 2007 Four Seasons Hotel Bangkok
Appointment of VP Finance Mr. Dillip Rajakarier � Mr. Dillip Rajakarier has 20 years experience in hospitality business. Prior to joining MINT, he was the Deputy CFO for Orient-Express Hotels, Trains and Cruises � Previous Achievement: Planning, budgeting, and implementation of internal controls and systems; Executer of major due diligence acquisitions including Hotel Ritz (Madrid), Grand Hotel Europe (St. Petersburg), and the Pansea Group of Hotels in Asia � Key Role at MINT: Directing the finance and accounting operations of the hotel division MINT’s 1Q07 Analyst Meeting 11 25 th May 2007 Four Seasons Hotel Bangkok
Today’s Agenda � Key Issues in 1Q07 � 1Q07 Performance & Financial Results � Pipeline Projects Update � Year-End Anticipations MINT’s 1Q07 Analyst Meeting 12 25 th May 2007 Four Seasons Hotel Bangkok
1Q07 Financials Snapshot 1Q07 1Q06 % Chg Sales Revenues 3,674 3,205 15% EBITDA 1,023 945 8% Net Profit 450 420 7% MINT’s 1Q07 Analyst Meeting 13 25 th May 2007 Four Seasons Hotel Bangkok
MINT’s 1Q07 Revenue Breakdown 1Q06 : Bt3,205m 1Q07 : Bt3,674m Retail 3% Retail Spa 3% Spa Entertain Hotel 3% 3% 1% 42% Hotel Property Entertain 43% 2% 1% Share of Share of profit Food Food 1% profit 49% 48% 15% y-y 1% MINT’s 1Q07 Analyst Meeting 14 25 th May 2007 Four Seasons Hotel Bangkok
MINT’s 1Q07 QSR Performance SSS (%) TSS (%) Brand 1Q07 1Q06 1Q07 1Q06 5.7 13.5 22.2 26.2 5.3 8.2 20.9 26.7 (1.8) (0.9) 11.5 13.0 10.2 8.1 16.6 15.0 2.0 14.5 18.9 22.4 (2.8) (4.1) 18.0 42.0 Average 4.4 8.9 19.2 23.7 MINT’s 1Q07 Analyst Meeting 15 25 th May 2007 Four Seasons Hotel Bangkok
QSR Franchising Revenues (Bt m) 50 h w t o r g y y - % 0 2 40 8 International 6 6 Franchising Fee 6 8 30 20 Local 33 Franchising Fee 30 30 28 28 10 0 1Q06 2Q06 3Q06 4Q06 1Q07 MINT’s 1Q07 Analyst Meeting 16 25 th May 2007 Four Seasons Hotel Bangkok
MINT’s 1Q07 Hotel Performance Other Total Brands 1Q07 1Q06 1Q07 1Q06 1Q07 1Q06 1Q07 1Q06 1Q07 1Q06 Occupancy 64% 73% 77% 72% 89% 85% 83% 62% 81% 78% (%) ARR (Bt) 8,749 7,453 7,516 5,440 4,780 4,467 3,663 3,457 5,893 5,130 Rev Par 2% 21% 47% 13% 13% 9% 41% n/a 19% 14% (%Chg) MINT’s 1Q07 Analyst Meeting 17 25 th May 2007 Four Seasons Hotel Bangkok
Spa Business Performance Spa Inter +41% y-y (Bt m) 120 Spa Local -10% y-y International 100 22 31 29 23 80 20 60 Local 79 40 71 69 71 67 20 0 1Q06 2Q06 3Q06 4Q06 1Q07 MINT’s 1Q07 Analyst Meeting 18 25 th May 2007 Four Seasons Hotel Bangkok
Retail Properties & Entertainment (Bt m) h w t r o g y y - % 8 150 28 120 24 23 Entertainment 24 24 90 60 109 Retail Property 103 103 100 100 30 0 1Q06 2Q06 3Q06 4Q06 1Q07 MINT’s 1Q07 Analyst Meeting 19 25 th May 2007 Four Seasons Hotel Bangkok
1Q07 Consolidated Performance % (Bt Million) 1Q07 % 1Q06 % Growth Food Services 1,762 48% 1,553 48% 14% Hotel Services 1,541 42% 1,377 43% 12% Retail Property 109 3% 103 3% 6% Spa 101 3% 101 3% 0% Entertainment 28 1% 24 1% 16% Property 89 2% – 0% n.a. Share of profit 43 1% 47 1% -8% Total Revenue 3,674 100% 3,205 100% 15% Operating Expenses 1,182 32% 1,001 31% SG&A Expenses 1,469 40% 1,258 39% EBITDA 1,023 28% 945 29% 8% Depreciation & Amortization 327 9% 308 10% EBIT 696 19% 637 20% 9% Interest Expenses 70 2% 69 2% Tax & Minority 176 5% 148 5% Net Profit 450 12% 420 13% 7% MINT’s 1Q07 Analyst Meeting 20 25 th May 2007 Four Seasons Hotel Bangkok
1Q07 Breakdown Performance (Bt Million) 1Q07 % EBITDA Contribution Food Services 1,762 48% Spa 3% Hotel Services 1,541 42% Entertain 2% Retail Property 109 3% Retail Property 7% Spa 101 3% 4% Entertainment 28 1% Share of Hotel profit Property 89 2% 56% 4% Food Share of profit 43 1% 24% Total Revenue 3,674 100% Operating Expenses 1,182 32% SG&A Expenses 1,469 40% EBITDA 1,023 28% Depreciation & Amortization 327 9% Net Profit Contribution EBIT 696 19% Food Services* 65 14% Interest Expenses 70 2% Hospitality & Leisure 385 86% Tax & Minority 176 5% Consolidated Net Profit 450 Net Profit 450 12% MINT’s 1Q07 Analyst Meeting 21 25 th May 2007 Four Seasons Hotel Bangkok
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