BTS Group Holdings PCL GENERAL PRESENTATION JULY 2016 BTS Group General Presentation prepared by Investor Relations department BTS Group Holdings PCL
IR Contacts 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 General 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 Appendix 1: Key Terms of the Core Network Concession Agreement Appendix 2: Future Funding Requirements (Mass Transit) Appendix 3: BTS-W3 Appendix 4: BTSC’s Quality Management System BTS Group General Presentation prepared by Investor Relations department 3 BTS Group Holdings PCL
BTS Group History 1968 1992 2008 2010 APR 2013 Company established TYONG established a BTSC exit court TYONG acquired BTSC sold the future as Tanayong Co., Ltd. wholly-owned supervised 94.6% of BTSC, Net Fare-box Revenue (TYONG) to operate in subsidiary, Bangkok rehabilitation returning Mass Transit under its Concession procedure property development Transit System operations to be the Agreement to BTS Rail field Corporation Ltd. (BTSC), primary business of Mass Transit which won the SkyTrain the Company. The Infrastructure Fund concession bid (BTSGIF) Company also changed its name to BTS Group Holdings PCL (BTSG) BTSC signed a 30-year operating & maintenance (O&M) contract BTSC expanded into covering all Green Line TYONG listed on the Media business extensions under the purview of Stock Exchange of through the the Bangkok Metropolitan Thailand under acquisition of 100% of Commercial operation Administration (BMA) Property Development of the BTS SkyTrain VGI Global Media Co., MAY 2012 sector Ltd. (VGI) commenced 1991 1999 2009 VGI Global Media PCL, the Group’s Media subsidiary, listed on the Stock Exchange of Thailand OCT 2012 BTS Group General Presentation prepared by Investor Relations department 4 BTS Group Holdings PCL Section 1: BTS Group in Brief
Shareholding Structure as of 31 March 2016 41.0% Kanjanapas Family 1 BTS Group Holdings PCL 32.8% Institutional Investors 1 26.2% Individual Investors 1 MASS TRANSIT BUSINESS MEDIA BUSINESS PROPERTY BUSINESS SERVICES BUSINESS 97.46% 23.30% 35.64% 100% 100% Tanayong International Ltd. 51% Unicorn Enterprise Bangkok Mass Transit VGI Global Media PCL U City PCL System PCL (BTSC) (VGI) 2 Co., Ltd. 100% Tanayong Hong Kong Ltd. 100% Rabbit Rewards Co., Ltd. Siam Paging and 100% VGI Advertising 100% Ratburana Property 100% 50% BTS Sansiri Holding 33.33% Communication Media Co., Ltd. Co., Ltd. 100% Four Limited Primary Kitchen Co., Ltd. Co., Ltd. BTS Rail Mass 100% 888 Media 100% Kingkaew Assets BTS Sansiri Holding 50% 100% 100% BSS Holdings Co., Ltd. Transit Growth Co., Ltd. Co., Ltd. DNAL Co., Ltd. Five Limited Infrastructure Fund 80% RabbitPay System 100% The Community Point of View (POV) 100% 100% Muangthong BTS Sansiri Holding 50% (BTSGIF) Co., Ltd. One Co., Ltd. Media Group Co., Ltd. Assets Co., Ltd. Six Limited 60% Bangkok Payment 24.96% The Community 100% 100% 50% BTS Sansiri Holding Master Ad PCL BTS Land Co., Ltd. Solutions Co., Ltd. Two Co., Ltd. Seven Limited 51% ATS Rabbit Special 20% 100% Nine Square 100% Aero Media Group Tanayong Food and 50% BTS Sansiri Holding Purpose Vehicle Co., Ltd. Property Co., Ltd. Co., Ltd. Eight Limited Beverage Co., Ltd. 51% ASK Direct Group 100% Keystone Estate 100% Tanayong Property 50% BTS Sansiri Holding Co., Ltd. Co., Ltd. Management Co., Ltd. Nine Limited 100% PrannaKiri Assets 51% ASK Broker Bayswater 50% BTS Sansiri Holding 50% Co., Ltd. Association Co., Ltd. Co., Ltd. Eleven Limited 100% 25% Rabbit Internet Thana City Golf & 50% 50% BTS Sansiri Holding BTS Sansiri Holding Sports Club Co., Ltd. Co., Ltd. Twelve Limited One Limited 70% 100% 50% BTS Sansiri Holding Man Kitchen Co., Ltd. 50% BTS Sansiri Holding Yongsu Co., Ltd. Fourteen Limited Two Limited 69% Little Corner Co., Ltd. 100% 50% Nuvo Line Agency 50% BTS Sansiri Holding Mak8 Co., Ltd. 51% Co., Ltd. HHT Construction Co., Ltd. Three Limited 50% LEGEND Absolute Hotel Services Co., Ltd. Listed entities Absolute Hotel 75.47% 12.26% Services Subsidiaries Hong Kong Ltd. Associates 90% Bangkok Smartcard System Co., Ltd. 1 Information based on book closure date on 26 Jan 16 with total issued shares = 11,929.3mn shares 2 BTSG holds 74.3% of VGI indirectly and directly BTS Group General Presentation prepared by Investor Relations department 5 BTS Group Holdings PCL Section 1: BTS Group in Brief
Synergistic Business Strategy across all our businesses Largest Out-of-Home Media company in Thailand with Sole concessionaire and operator of the exclusive contracts to manage BTS SkyTrain Core Network, its extensions advertising space on the BTS and Bus Rapid Transit system MASS SkyTrain Core Network, its TRANSIT MEDIA extensions and all BTS trains Residential and commercial property projects along rail mass transit route with a portfolio of land bank for future real estate development PROPERTY E-money service provider for common ticketing system that can be used across mass transit systems and retail stores SERVICES BTS Group General Presentation prepared by Investor Relations department 6 BTS Group Holdings PCL Section 1: BTS Group in Brief
Investment Highlights Prime beneficiary from mass transit network expansion across all our businesses ≈9.5x BKK mass transit 4x expected increase in extension coverage BTS train capacity ≈9.5x mass transit 4x expected increase in O&M revenue BTS extension stations MASS capacity MEDIA TRANSIT MASS TRANSIT NETWORK EXPANSION Real estate development Leading digital lifestyle & PROPERTY SERVICES along mass transit worth payment service company THB 100bn in 5 years with >10mn users BTS Group General Presentation prepared by Investor Relations department 7 BTS Group Holdings PCL Section 1: BTS Group in Brief
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