BTS Group Holdings PCL General Presentation November 2016 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: 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 August 2016 41% Kanjanapas Family 1 1 Information based on book closure date on 2 Aug 16 with total issued shares = 11,934.9mn shares 2 BTSG holds 69% 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 97.46% 19.30% 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 BTS Sansiri Holding 100% VGI Advertising 100% Ratburana Property 100% 50% 33.33% Communication Four Limited Media Co., Ltd. Co., Ltd. 100% Primary Kitchen Co., Ltd. Co., Ltd. BTS Rail Mass 100% 100% BTS Sansiri Holding 888 Media Kingkaew Assets 50% 100% 100% KMJ 2016 Co., Ltd.. Transit Growth DNAL Co., Ltd. Five Limited Co., Ltd. Co., Ltd. Infrastructure Fund 100% Man Food Products Co., Ltd. 100% Point of View (POV) The Community 100% Muangthong BTS Sansiri Holding 50% 100% (BTSGIF) Assets Co., Ltd. Media Group Co., Ltd. One Co., Ltd. Six Limited 100% BSS Holdings Co., Ltd. 37.42% 100% The Community 100% 50% BTS Sansiri Holding BTS Land Co., Ltd. 80% RabbitPay System Master Ad PCL Two Co., Ltd. Seven Limited Co., Ltd. 30% 100% 100% Tanayong Food and 50% Nine Square BTS Sansiri Holding Aero Media Group Rabbit-Line Pay 50% Beverage Co., Ltd. Property Co., Ltd. Eight Limited Co., Ltd. Co., Ltd. 100% Keystone Estate 100% Tanayong Property 50% BTS Sansiri Holding Management Co., Ltd. 51% Co., Ltd. ATS Rabbit Special Nine Limited Purpose Vehicle Co., Ltd. 100% PrannaKiri Assets 50% 50% Bayswater BTS Sansiri Holding Co., Ltd. 51% ASK Direct Group Co., Ltd. Eleven Limited Co., Ltd. 100% Thana City Golf & 50% BTS Sansiri Holding 50% BTS Sansiri Holding Sports Club Co., Ltd. 51% Rabbit Insurance One Limited Twelve Limited Broker Co., Ltd. 100% Yongsu Co., Ltd. 50% 50% BTS Sansiri Holding BTS Sansiri Holding 25% Rabbit Internet 100% Two Limited Mak8 Co., Ltd. Fourteen Limited Co., Ltd. 50% 50% BTS Sansiri Holding HHT Construction Nuvo Line Agency 60% Bangkok Payment 51% Three Limited Co., Ltd. 3 Co., Ltd. Solutions Co., Ltd. LEGEND Absolute Hotel 70% 50% Man Kitchen Co., Ltd. Listed entities Services Co., Ltd. 3 Subsidiaries 69% Little Corner Co., Ltd. 75.47% Absolute Hotel 12.26% Associates Services 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 Prime beneficiary from mass transit network expansion across all our businesses ≈ 11.8x BKK mass transit 4x expected increase in extensions & new lines BTS train capacity coverage 4x expected increase in ≈ 8.9x mass transit BTS extension stations MASS revenue 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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