Central Pattana Plc. Property Development and Investment Analyst - PowerPoint PPT Presentation

Central Pattana Plc. Property Development and Investment Analyst Briefing : 4Q15 & FY15 Performance Review

Disclaimer  The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Central Pattana Public Company Limited (“CPN” and shares in CPN, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection wit h, any contract or commitment whatsoever.  This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of CPN to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.  This presentation has been prepared by the CPN. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the CPN or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.  This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon directly or indirectly for any investment decision-making or for any other purposes.  This presentation and all other information, materials or documents provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed or made available to any other person, save in strict compliance with all applicable laws. Note: All currency figures within this presentation are presented in Thai Baht unless otherwise stated. 2

4Q15 & FY2015 Overview 2015 Economic Summary Investment & Operations In 2015, CPN launched 3 new projects, namely CentralPlaza Rayong, o Thailand GDP CentralPlaza WestGate, CentralFestival EastVille, and 1 acquisition, • FY2015 = 2.8% • 4Q2015 = 2.4% CentralFestival Phuket with all well-received responses from customers and tenants. Private consumption in 2015 increases 1.4% Asset Enhancement consists of 2 renovations (Bangna and Pinklao) o • Gov.’s recent economic stimulus package and Aqua Park at CentralPlaza Bangna. • Hotel & Rest. spending grew 15.7% • Customer confidence remain low Total net leasable area (NLA) in 2015 was 1,581,041 sq.m. with an o • High household debt (82% of GDP) average occupancy rate of 94% across CPN’s malls in Bangkok metropolitan area and in provinces. Domestic Demand • Low purchasing power due to uncertain 2015 same store effective rental rate achieved +2.5% growth YoY (2) o household income and high household debt while same store revenue was +2% YoY. (3) • Negative retail sales growth has turned to be positive since Sep 2015 Cost efficiency management through energy saving schemes and o pooled procurement program. Financial Highlights FY15 4Q15 Revenues (1) +9% YoY +16% YoY Operating profit (1) +7% YoY +17% YoY Normalized net profit +7% YoY +8% YoY Net D/E 0.39 times 0.39 times Note 1: Excludes non-recurring items 3 Note 2: Excludes CentralPlaza Pinklao, CentralFestival Samui, CentralPlaza Salaya, CentralPlaza Rayong , CentralFestival Phuket , CentralPlaza WestGate and CentralFestival EastVille. Note 3: Excl. CentralPlaza Chiangmai Airport, CentralPlaza Pinklao, CentralFestival Samui, CentralPlaza Salaya, CentralPlaza Rayong, CentralFestival Phuket, CentralPlaza WestGate, CentralFestival EastVille and Langsuan Colonade. .

2015 Business Achievement 4

New Developments 4 Projects in 2015 : 3 new malls and 1 acquisition CentralFestival Phuket CentralFestival EastVille Investment cost (1) : 6,669 Bt. mil. Investment cost (1) : 3,200 Bt. mil. NLA (2) : NLA (2) : 44,347 sq.m. 34,500 sq.m. Joint developer (3) : Central Department Store Joint developer (3) : Central Department Store Land Size (4) : Land Size (4) : 25 Rais (Leasehold) 51 Rais (Freehold&Leasehold) Parking : 1,000 cars Parking : 1,900 cars Location : Bangkok Location : Phuket 1 Jun 27 Nov 27 May 28 Aug CentralPlaza Rayong CentralPlaza WestGate Investment cost (1) : 2,400 Bt. mil. Investment cost (1) : 7,300 Bt. mil. NLA (2) : NLA (2) : 33,000 sq.m. 82,000 sq.m. Joint developer (3) : Robinson Department Store Joint developer (3) : Central Department Store Land Size (4) : Land Size (4) : 60 Rais (Freehold) 100 Rais (Leasehold) Parking : 1,500 cars Parking : 5,000 cars Location : Rayong Location : Bangyai, Nonthaburi Note 1: Includes land and construction cost of shopping center and parking building. Excludes those of Central Department Store or Robinson Department Store (CRC) Note 2: Excludes CRC’s area. 5 Note 3: Area will be developed and owned by the joint developer. However the store will serve as a magnet to draw traffic into C PN’s plaza area. Note 4: 1 rai = 1,600 sq.m.

Assets Enhancement CentralPlaza Bangna Phase I&II CentralPlaza Pinklao Phase I Investment cost : 1,900 Bt. mil. Investment cost : 1,400 Bt. mil. 58,000 sq.m. 57,601 sq.m. NLA : NLA : (Incremental NLA 8,000 sq.m.) (Incremental NLA 4,000 sq.m.) Renovation (Interior & Exterior) Renovation (Interior & Exterior) Type : Type : Ambience Improvement Remerchadising mix phase by phase Completion : October 2015 Completion : Oct15-1Q16 (phase by phase) Oct 2015 1Q2016 2Q2016 Nov 2015 Aqua Park @ CentralPlaza Bangna CentralPlaza Bangna Phase III Investment cost : 315 Bt. mil. Investment cost : 300 Bt. mil. 62,000 sq.m. NLA : 10,000 sq.m. NLA : (Incremental NLA 3,809 sq.m.) Type : Renovation Rezoning (Parking Zone) Completion : 18 November 2015 Type : Ambience Improvement Completion : 2Q16 6

2015 Business Achievements CentralPlaza WestGate New Malls 7

2015 Business Achievements CentralPlaza WestGate New Malls Art Installations Wonder Garden Wise Garden Chess Garden Giant Giraffe 8

2015 Business Achievements CentralPlaza WestGate New Malls Source: edtguide and mythailandphotos website 9

2015 Business Achievements CentralFestival EastVille New Malls 10

2015 Business Achievements CentralFestival EastVille New Malls OUTDOOR 11

2015 Business Achievements CentralFestival EastVille New Malls OUTDOOR 12

2015 Business Achievements CentralFestival EastVille New Malls INDOOR 13

2015 Business Achievements CentralFestival EastVille New Malls INDOOR 14

2015 Business Achievements CentralPlaza Pinklao Enhancement Source: asiawebdirect website 15

2015 Business Achievements CentralPlaza Pinklao Enhancement 16

2015 Business Achievements CentralPlaza Pinklao Enhancement 17

2015 Business Achievements CentralPlaza Pinklao Enhancement 18

2015 Business Achievements Aqua Park @ CentralPlaza Bangna Enhancement 19

Operational Performance 20

Property Locations Shopping Centers (13 BMA, 16 Provinces) Offices (7) Existing Projects (29) Hotels (2) 1 (BMA) Residence (1) 21 (11 BMA, 10 Provinces) 6 ( 1 BMA, 5 Provinces) central cente r 1 (Province) Bangkok Metropolitan Area (BMA) Note: As of December 2015. 21

Leasable Area and Occupancy As of 4Q15, CPN owns 29 premium shopping centers with average occupancy rate of 94%. Net Leasable Area (1) (sq.m.) Land Occupancy Rate No. of Retail Properties Freehold & Projects 3Q15 (2) Freehold Leasehold Retail Department Store Total 4Q15 4Q14 Leasehold CPN in BMA 13 4 7 2 676,907 63,583 740,490 94% 94% 97% CPN in Provinces 16 12 4 0 595,246 54,391 649,637 94% 94% 96% Total Retail Properties (3) 29 16 11 2 1,272,153 117,974 1,390,127 94% 94% 96% Breakdown by NLA Breakdown by Rental Income Provinces Provinces BMA BMA 47% 53% 42% 58% Net Leasable Area (sq.m.) Occupancy Rate No. of or Non-core Properties Projects No. of Units or Room (1) 4Q15 3Q15 4Q14 Office in BMA (3) 5 55,108 97% 95% 96% Residential in BMA 1 1,568 30% 30% 38% Hotel in provincial area (4) 2 561 rooms 76% 78% 78% Note 1: Excludes rental agreements < 1 year, such as kiosk, carts, ATMs and coin machines. 22 Note 2: Percentage based on leasable area. Excludes CentralPlaza Pinklao due to its major renovation. Note 3: Excludes areas transferred to CPNRF and CPNCG. Note 4: Outsource the management, Pattaya (302 rooms) managed by Hilton and Udonthani (259 rooms) managed by Centara. Occupancy rate of Hotel Business was an average of 3 months