BTS Group Holdings PCL General Presentation April 2017 BTS Group General Presentation prepared by Investor Relations department BTS Group Holdings PCL
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 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: BTS Group CAPEX History Appendix 5: 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 30 December 2016 41% Kanjanapas Family 1 1 Information based on book closure date on 31 Oct 16 with total issued shares = 11,934.9mn shares 2 BTSG holds 70% of VGI indirectly and directly BTS Group Holdings PCL 32% Institutional Investors 1 3 Revenue from the Company recorded under Services BU 26% Individual Investors 1 MASS TRANSIT BUSINESS MEDIA BUSINESS PROPERTY BUSINESS SERVICES BUSINESS 97.46% 19.90% 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. BTS Sansiri Holding 100% Rabbit Rewards Co., Ltd. 50% Siam Paging and 100% VGI Advertising 100% Ratburana Property 100% One Limited 33.33% Communication Media Co., Ltd. Co., Ltd. 100% BTS Sansiri Holding Primary Kitchen Co., Ltd. 50% Co., Ltd. Two Limited BTS Rail Mass 100% 100% 888 Media Kingkaew Assets 100% 100% Man Food Products Co., Ltd. BTS Sansiri Holding Transit Growth Co., Ltd. DNAL Co., Ltd. Co., Ltd. 50% Three Limited 51% Infrastructure Fund KMJ 2016 Co., Ltd.. 100% The Community Point of View (POV) 100% 100% Muangthong BTS Sansiri Holding (BTSGIF) 50% One Co., Ltd. 100% Media Group Co., Ltd. Assets Co., Ltd. Four Limited BSS Holdings Co., Ltd. 100% The Community BTS Sansiri Holding Demo Power 50% 100% 40% 80% RabbitPay System BTS Land Co., Ltd. Two Co., Ltd. Five Limited (Thailand) Co., Ltd. Co., Ltd. BTS Sansiri Holding 100% 50% Nine Square 100% Tanayong Food and Six Limited 33.77% Rabbit-Line Pay 50% Property Co., Ltd. Master Ad PCL Beverage Co., Ltd. BTS Sansiri Holding 50% Co., Ltd. 100% Keystone Estate Seven Limited 28% 100% Tanayong Property Aero Media Group Co., Ltd. BTS Sansiri Holding 50% 51% ATS Rabbit Special Management Co., Ltd. Co., Ltd. 100% PrannaKiri Assets Eight Limited Purpose Vehicle Co., Ltd. Bayswater 50% Co., Ltd. BTS Sansiri Holding 50% 49% Co., Ltd. 51% ASK Direct Group Nine Limited 100% Thana City Golf & Co., Ltd. Nuvo Line Agency 50% 50% BTS Sansiri Holding Sports Club Co., Ltd. Co., Ltd. Eleven Limited 49% 51% Rabbit Insurance 100% BTS Sansiri Holding 50% Yongsu Co., Ltd. 50% BTS Sansiri Holding Broker Co., Ltd. Eighteen Limited Twelve Limited 100% 50% BTS Sansiri Holding 25% Rabbit Internet Mak8 Co., Ltd. 50% BTS Sansiri Holding Nineteen Limited Co., Ltd. Fourteen Limited HHT Construction 51% 50% BTS Sansiri Holding BTS Sansiri Holding 50% 60% Bangkok Payment Co., Ltd. 3 BTS Sansiri Holding Three Limited Twenty Limited Solutions Co., Ltd. Fifteen Limited 50% Absolute Hotel 50% BTS Sansiri Holding LEGEND 50% BTS Sansiri Holding Services Co., Ltd. 3 70% Twenty One Limited Man Kitchen Co., Ltd. Listed entities Sixteen Limited 50% BTS Sansiri Holding Absolute Hotel Subsidiaries 69% Little Corner Co., Ltd. Seventeen Limited Services 75.47% 12.26% Associates Hong Kong Ltd. 3 JVs 90% Bangkok Smartcard System Co., Ltd. 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 (6 years) Prime beneficiary from mass transit network expansion across all our businesses 36.3km to 174.0km 3.8x expected increase in BTS train capacity ≈9.3x mass transit 4.9x expected increase in revenue BTS extension stations MASS capacity MEDIA TRANSIT MASS TRANSIT NETWORK EXPANSION Leading digital lifestyle & payment service company Real estate development PROPERTY with >15mn rabbit SERVICES along mass transit worth THB 100bn in 5 years card holders BTS Group General Presentation prepared by Investor Relations department 7 BTS Group Holdings PCL Section 1: BTS Group in Brief
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