BTS GROUP HOLDINGS PCL INVESTOR PRESENTATION AUGUST 2018
IR Contact Address: BTS Group Holdings PCL IR Department 15 th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd. Chomphon, Chatuchak, Bangkok, Thailand 10900 Telephone: +66(0) 2273 8611-15 Fax: +66(0) 2273 8610 Email: ir@btsgroup.co.th Website: www.btsgroup.co.th Disclaimer This document has been prepared and distributed by the Investor Relations Department of BTS Group Holdings PCL (“BTSG”) solely for information purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in BTSG and should not be relied on as such. Some of the information in this document has not been independently verified, and also includes information made available from public sources and other third party opinion or analyst. BTSG does not monitor or control the content of third party opinion or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statements. Thus, BTSG assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of BTSG or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. All information contained in this document is presented as of the date indicated within, and BTSG assumes no duty to confirm, revise or update the information. Certain statements in this document may be deemed to contain forward-looking statements, including the statements included or incorporated with 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. These forward-looking statements 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. Thus, BTSG assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. BTSG undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. BTS Group Investor Presentation prepared by Investor Relations department 2 BTS Group Holdings PCL
Contents Section 1 BTS Group in Brief Section 2 Business Segment Profiles Section 2.1 Mass Transit Business Section 2.2 Media Business Section 2.3 Property Business Section 2.4 Services Business Section 3 Financial Summary Appendices BTS Group Investor Presentation prepared by Investor Relations department 3 BTS Group Holdings PCL
BTS Group History 1992 2008 2010 APR 2013 MAR 2018 1968 Company established as TYONG established a BTSC exit court TYONG acquired 94.6% BTSC sold the future Net BTSG completed the entire Tanayong Co., Ltd. wholly-owned supervised of BTSC, returning Mass Fare-box Revenue under business transfer of (TYONG) to operate in subsidiary, Bangkok rehabilitation Transit operations to be its Concession Unicorn Enterprise procedure property development Transit System the primary business of Agreement to BTS Rail Company Limited, our field Corporation Ltd. the Company. The Mass Transit former subsidiary, to U City (BTSC), which won Company also changed Infrastructure Fund Public Company Limited, (BTSGIF) our associate the SkyTrain its name to BTS Group concession bid Holdings PCL (BTSG) BTSC signed a 30-year operating BTSC signed the operating & & maintenance (O&M) contract maintenance (O&M) contract with KT; covering Green Line extensions a wholly owned subsidiary of the BMA. (Saphan Taksin - Wongwian Yai - The contract covers 30.8km of Green BTSC expanded into Bang Wa and Onnut - Bearing) Line Northern and Southern extensions Media business through under the purview of the (Mo Chit – Saphan Mai – Khu Khot and the acquisition of 100% Bearing – Samut Prakarn) Bangkok Metropolitan TYONG listed on the of VGI Global Media Co., Administration (BMA) Stock Exchange of Commercial operation MAR 2017 Ltd. (VGI) Thailand under Property of the BTS SkyTrain MAY 2012 Development sector commenced Concession Contracts of 1991 1999 2009 the Pink (Khae Rai to Min VGI Global Media PCL, the Buri) and the Yellow Line Group’s Media subsidiary, (Lad Prao to Sam Rong), listed on the Stock Exchange of a total length of 64.9km Thailand were awarded OCT 2012 JUN 2017 BTS Group Investor Presentation prepared by Investor Relations department 4 BTS Group Holdings PCL Section 1: BTS Group in Brief
Business Organisation and Shareholding Structure as of 31 March 2018 41% Kanjanapas Family 1 1 Information based on book closure date on 14 Jun 18 with total issued shares = 11,845.5mn shares 2 BTSG holds 72.4% of VGI indirectly and directly BTS Group Holdings PCL 34% Institutional Investors 1 3 Revenue from the Company recorded under Services BU 25% Individual Investors 1 MASS TRANSIT BUSINESS MEDIA BUSINESS PROPERTY BUSINESS SERVICES BUSINESS 25.02% 100% Tanayong International Ltd. 97.46% 38.97% VGI Global Media U City PCL 48.59% 100% Bangkok Mass Transit RB Services Co., Ltd. PCL (VGI) 2 System PCL (BTSC) Rabbit Rewards Kingkaew Assets 100% 100% VGI Advertising 100% Co., Ltd. 100% Co., Ltd. Media Co., Ltd. 60% Bangkok Payment 100% BTS The Community Solutions Co., Ltd. Infrastructure One Co., Ltd. 888 Media 100% 41.18% Man Food Holdings Co., Ltd. Services Co., Ltd Co., Ltd. The Community 100% Two Co., Ltd. 100% Point of View (POV) 100% Man Food Products 100% Media Group Co., Ltd. 100% Co., Ltd. Yongsu Co., Ltd. BTS 100% VGI Global Media 100% 100% Primary Kitchen Infrastructure DNAL Co., Ltd. (Malaysia) Sdn Bhd Co., Ltd. Development Bayswater 50% 40% Demo Power Co., Ltd Man Kitchen Co., 100% Co., Ltd. (Thailand) Co., Ltd. Ltd. 75% 30.38% 69% Little Corner Co., Ltd. Northern Master Ad PCL 18.09% Bangkok 51% KMJ Co., Ltd. Monorail Co., 51% 30% Aero Media Group HHT Construction Ltd. Co., Ltd. 3 Co., Ltd. 75% 90% 25% The ICON VGI Co., BSS Holdings Co., Ltd. Eastern Ltd. Bangkok 80% RabbitPay System Co., Ltd. Monorail Co., 25% Supremo Media 33.33% Ltd. Co., Ltd Rabbit-Line Pay Co., Ltd. 20% Group Work 51% ATS Rabbit Special Purpose Co., Ltd 33.33% Vehicle Co., Ltd. LEGEND BTS Rail Mass 51% 49% ASK Direct Group Co., Ltd. Listed entities Transit Growth Rabbit Insurance Broker 51% Infrastructure 49% Subsidiaries Co., Ltd. Fund (BTSGIF) 30% Associates Rabbit Internet Co., Ltd. JVs 90% Bangkok Smartcard System Co., Ltd. BTS Group Investor Presentation prepared by Investor Relations department 5 BTS Group Holdings PCL Section 1: BTS Group in Brief
BTS Group Overview 4 Business Units with Mass Transit as our Core Historical operating revenues (1) MASS TRANSIT Mass Transit Revenue (THB mn) 9,112 FY 17/18 4,237 2,574 2,274 Operating revenue contribution FY 14/15 FY 15/16 FY 16/17 FY 17/18 *FY 2017/18:- Services revenue from provision of E&M works & train: THB 5,795mn, O&M Revenue: THB 1,865mn, net profit from investment in BTSGIF: THB 949mn, interest income from E&M and train procurement: THB 503mn MEDIA Media Revenue (THB mn) THB 3,902 65% 3,010 28% 2,926 14,102mn 2,318 4% 3% FY 14/15 FY 15/16 FY 16/17 FY 17/18 *FY 2017/18:- OOH Media revenue: THB 3,558mn, Digital Services business: THB 344mn PROPERTY Property Revenue (THB mn) Mass Transit 1,355 897 Property 617 639 Media Services FY 14/15 FY 15/16 FY 16/17 FY 17/18 * FY 2017/18:- Commercial Property revenue : THB 616mn, Residential Property revenue: THB 23mn Services Revenue (THB mn) SERVICES 743 548 492 449 FY 14/15 FY 15/16 FY 16/17 FY 17/18 * FY 2017/18:- ChefMan revenue:- THB 128mn, HHT revenue : THB 180mn, BPS and Rabbit Rewards: THB 141mn (1) FY ended 31 March BTS Group Investor Presentation prepared by Investor Relations department 6 BTS Group Holdings PCL Section 1: BTS Group in Brief
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