Central Pattana Plc. Property Development and I nvestment Corporate Presentation: 1Q 2011 1
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 with any contract or CPN, shares ) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, 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 CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of t d l hi t f CPN b i f t hi h ill th t l lt f hi t f 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 p , p p y p p p � 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
Content ► C ► Company Overview O i ► Operations ► Future Developments ► Financial Highlights ► Financial Highlights ► Appendix 3
Company Overview
Business Overview Recent Achievements Highlights CPN is the leading retail property developer and investor in � “ Excellence Scoring ” honored the company’s � CG corporate governance performance. Thailand with a 22% market share in Bangkok’s mall leaseable area. � “ICSC Best of the Best Award - Design and Development – CentralWorld” honored and recognized CPN manages 16 shopping centers, 6 office towers, � the most outstanding shopping center design and 2 hotels, and 2 residential properties in Thailand. development of CentralWorld. � � CPN continuously achieves strong growth of shopping CPN continuously achieves strong growth of shopping “CNBC Best Mixed-Use Development Award” honored � complex through green-field developments, acquisition & the unique and exceptional design and environment redevelopments and asset enhancement projects. concerns of CentralWorld. CPN is a fully integrated retail developer with unparallel � � “A+ Credit Rating” was affirmed with stable outlook by synergies with its major shareholders, Central Group and synergies with its major shareholders Central Group and TRIS Rating in August 2010. TRIS Rating in A g st 2010 Thailand Equity Fund, and unmatched financing capability through its property fund. Shareholder ’ s Value Appreciation CPN is the largest retail property developer on Stock � 6 Years CPN share price compared to SET I ndex and Property I ndex (based price on year 2005) Exchange of Thailand (SET) with a market capitalization of Exchange of Thailand (SET) with a market capitalization of Index d approx. USD 2.04 bn (1) . 450 SET PROP CPN 400 CPN is the property manager and largest shareholder (28%) � 350 in Thailand’s largest REIT - CPN Retail Growth Leasehold 300 250 Property Fund (CPNRF) with a market capitalization of Property Fund (CPNRF) with a market capitalization of 200 approx. USD 661 mil (1) . 150 100 50 - an-05 pr-05 Jul-05 Oct-05 an-06 pr-06 Jul-06 Oct-06 an-07 pr-07 Jul-07 Oct-07 an-08 pr-08 Jul-08 Oct-08 an-09 pr-09 Jul-09 Oct-09 an-10 pr-10 Jul-10 Oct-10 an-11 Ja Ja Ja Ja Ja Ja Ja J O J O J O J O J O J O A A A A A A Source: SetSmart as of 31 March 2011. 5 Note 1: As of 31 March 2011. CPN share price at Bt27.25 per share. CPNRF unit price at Bt12.30 per unit. Exchange rate at Bt30.4348 per $USD.
Strong Development & Acquisition Pipelines 2009 2009 1980 1980 Opened “Centra ralFes lFestiva tival Patta attaya Beach ach”, pment Established under “Cen CentralPla lPlaza za Ch Chonbur buri” AND opm 2002 2002 “Cen CentralPla lPlaza za Kh Khon Kaen Kaen” “Cen CentralPla lPlaza za Co Co., Lt ., Ltd.” 2010 2010 Opened Opened Develo 1982 Opened 1982 Opened “Hilt ilton P Pattaya Beach each Hotel” l” field Devel “Cen CentralPla lPlaza za “Cen CentralPla lPlaza za Ladpr Ladproa oa” Rama 2 Rama 2” 1995 1995 Opened The first integrated “Cen CentralPla lPlaza za 2011 2011 2008 2008 1997 1997 Opened shopping complex in Pink Pi nklao” AND -field Opened “CentralP alPlaza Chiangrai ai”, Opened “CentralP alPlaza “Cen CentralPla lPlaza za Thailand “Centr Central Center l Center Open Cent CentralP lPlaz laza Pisanulok Pisanulok , Chaeng aengwatta ttana na” Ratchada Ratcha da Rama Rama 3” Patta ttaya” Ce Centr Ce Centr ntralPlaza ntralPlaza lPlaza Rama lPlaza Rama Rama 9 Rama 9 een- Green 2012 (NEW) 2012 (NEW 1993 1993 Open “Centr CentralP lPlaz laza Suratt Suratthani hani” Opened 2013 (NEW) 2013 (NEW “Cen CentralPla lPlaza za Ramindra” Ramindra Open “Centr CentralFest lFestival val Chiangm hiangmai ai” 1996 1996 ent pment 2012 (Enhanc 2012 (Enhancement) Acquired full equity stake in opm “Cen CentralPla lPlaza za Ch Chian iangma mai A i Airp rpor ort” Complete “CentralPlaza tralPlaza Udonth Udon Udon Udonth than than ani Phase ani Phase Phase 2” Phase 2 Redevelo 2002 2002 2002 2002 2000 2000 2000 2000 & Redevel Acquired Completed “CentralP alPlaza “Cen CentralWor lWorld ld” 2006 2006 Ch Chian iangma mai A i Airp rport ort Phase 2A ase 2A” 2009 2009 (Formerly World Completed “Centra CentralW lWorld” Acquired “Cen Centra ralPlaza laza Ud Udon Th on Than ani” 2001 2001 Trade Center) 2004 2004 n & (formerly Charoensri Complex) Acquired full equity stake in q q y Completed Completed Acquisition “Centr CentralPlaza Ba Bangna ngna” Acquisitio “The Offices The Offices at Centra at CentralW lWorld orld” 2003 2003 CPN current portfolio CPN current portf lio: Acquired “Cen Centra ralPlaza laza Rat Rattana nathibet thibet” (Formerly 5 Projects 5 Projects Under Under 15 Shopping 15 Shopping Centers Centers Siam Jusco Rattanathibet) AND completed Development Develo ent 6 Office Towers 6 Office Towers “Cen CentralPla lPlaza za Ch Chian iangma mai A i Airp rpor ort P t Phase 2B ase 2B” 6
Leading Market Share of Mall Retail Space in BMA CPN is the leading retail property developer and investor in Thailand with approximately 22% market share in Bangkok Metropolitan Area’s mall leaseable space. pp y g p p 22% Others 47% The Mall Group 10% Future Park Fashion Island 5% 3% Siam Paragon Siam Future 4% 4% 5% 5% S Seacon Square S 4% Source : Company estimate as of 31 March 2011. 7
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