Central Plaza Hotel Public Company Limited Company Presentation as - PowerPoint PPT Presentation

Central Plaza Hotel Public Company Limited Company Presentation as at Q3-2017 14 November 2017

Disclaimer This presentation contains certain forward looking statements. Such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward looking statements as a result of various factors and circumstances. The views, analyses and opinions expressed herein contain some information derived from publicly available sources and third party information providers. No representation or warranty is made as to the accuracy, completeness, or reliability of such information. This presentation should not be relied upon as any recommendation, view, opinion, representation or forecast of “Central Plaza Hotel Plc.” Nothing in this presentation should be construed as either an offer to sell, a solicitation of an offer to buy or sell shares or any type of securities in any jurisdiction. This presentation is not intended to be any type of investment advice and must not be relied upon as such. You must always seek the relevant professional advice before otherwise making any such financial, legal or commercial decisions. 2

Agenda • Group Overview • Hotel Business • Food Business • Financial Highlight and Outlook • Appendix • Current Hotel Portfolio 3

Group Overview 4

CENTEL – a member of Central Group, one of the five largest business group in Thailand Central Group: A family-held corporation that began life as a general merchandise store in 1947, and now has 70 years of experience in the retail industry. Group Business CENTEL Tos Chirathivat Group CEO Central Department Central Online Central Food Central Marketing Central Hotel & Central Pattana Central Group Central Hardlines Central Restaurants Store Group Group Retails Group Group Resort Group Group Vietnam Group Group Yuwadee Nath Pascal Suthisarn Worawoot Preecha Edwin Yap Thirayuth Phillippe Chirathivat Vongpanich Billaud Chirathivat Ounjai Ekkunagul Hawson Chirathivat Broianigo CEO President CEO CEO CEO CEO CEO CEO CEO 5

CENTEL – Shareholding Structure and Historical Dividend Payout Dividend Payout Ratio: CENTEL Shareholder Structure % Payout % Payout Dividend Year (Consolidated (Separate (Bt/share) Local Investors F/S) F/S) 24% 2016 0.55 40% 77% 2015 0.50 40% 62% Chirathivat 13% 63% Foreign Investors Family 2014 0.40 46% 82% 2013 0.40 40% 56% 2012 0.30 25% 58% As at 30 September 2017 6

CENTEL - Key Milestone Capital increase of Baht 450 Listed in The million Corporate Stock Capital Exchange of increase of Par splited CENTEL’s MILESTONE Thailand Baht 500 from Baht 5 to Terminated (SET) million Baht 1 Terminated Café Beard Papa’s Andonand Acquired Terminated Pizza “Ootoya” Hut and Baskin home business Food d Introduced introduced Authorized Franchisee of Introduced Robbins and Bought 5 new cooking style Introduced Japanese “Tenya” into bus “Mister franchisee of Auntie Pepper introduced Beard brands into “katsuya” into Donut” KFC Anne’s Papa’s portfolios restaurant portfolio Lunch portfolio 1978 1983 1984 1990 1991 1998 2006 2007 2008 2009 2010 2011 2012 2013 2014 1 st hotel, Centara Grand Opening Step up Centara Step up Rebranding Centara Mirage Beach Centara acquisition of Maldives acquisition of “Centara hotel brand Grand at business Resort, Pattaya Grand • Centara (24-Mar) Centara Kata Grand at from “Central” Central World Hotel Phuket Karon, (Feb) (7-Oct) Central to “Centara” bus Opening the 1 st • Centara Ladprao Launched oversea JVs in Maldives Bangkok” Property Fund (Centara Maldives (Mar) “Centara Grand Grand Samui) • Centara Resort & Spa, Grand Maldives” Maldives (Dec) 7

CENTEL – Average profit growth at 14.8% p.a. during the last 4 years FY16 - Contribution by Businesses – no significant change in contribution from Revenue by Geography FY2012 9% 32% 33% 47% FY16 Total Revenue EBITDA Net Profit* 53% 91% 67% 68% Thailand Hotel Food Hotel Food Hotel Food FY12 to FY16: average profit growth at 14.8% whilst top line increased at 7.6% per annum TOTAL REVENUE Unit: Btmn NPAT* EBITDA 1,851 19,865 4,315 14,829 3,017 1,064 2016 2012 2016 2012 2016 2012 Note : *Core net profit after tax excluding: • Extra - equity loss from Property Fund (Bt7.2mn in FY12 and Bt33.4mn in FY16), loss from guaranteed provision Bt40.4mn in FY12) and income from rent 8 adjustment Bt31.6mn in FY16); • Gain from business combination of Centara Karon and Centara Grand Maldives in total of Bt579.3mn (FY12)

Hotel Business 9

Thailand Tourism- Strong recovery of Russian and recent rebound of Chinese help drives the growth of hotel business in recent years. Tourist Arrivals Trend Millions No. of Tourist Arrivals Growth yoy 60.0 21% 17% 18% 18% 40.00% 9% 8% 5% 50.0 20.00% -6% 35.3 40.0 0.00% 32.6 29.9 26.5 26.1 -20.00% 24.8 24.8 30.0 22.5 -40.00% 20.0 -60.00% 10.0 -80.00% 0.0 -100.00% 2012A 2013A 2014A 2015A 2016A 2017F* 9M16 9M17 Source: Ministry of tourism and sport, Thailand, * *Forecasting from Economic Intelligence Center, SCB Key Nationality 2012 2013 2014 2015 2016 9M16 9M17 movement (mn) Chinese 2.8 4.6 4.6 7.9 8.8 7.3 7.4 % Change yoy 60.4% 67.9% - 71.2% 10.3% 19.6% 1.1% Russian 1.3 1.7 1.6 0.9 1,1 0.7 0.9 % Change yoy 24.4% 33.2% -8.0% -45.0% 23.3% 21.6% 24.9% 10 10 Source: TAT

Thailand’s Tourism - Moving towards sustainability Thailand is expected to be the world’s 10 th fastest growing country for travel and tourism industry over the next decade with an average growth rate of 6.5% p.a. (a new report in 2017 by the World Travel & Tourism Council (WTTC). De-Marketing: To Higher quality of service • Sustainable Mass Tourism: The More, improve quality of • Higher room rate charge Tourism: The The Better service and increase • Higher price of package tour Same, The Better income • Avoid abusing resources 20.8% 25.00% 20.6% 19.3% 17.7% 16.3% Thailand World Ranking: Relative 20.00% 4000 important of Travel & Tourism’s total 3,096 15.00% 2,907 contribution to GDP (Out of 185 2,795 Countries) 2,414 2,345 10.00% 2,115 � 15 th Absolute size in 2016 5.00% 2000 � 35 th Relative size contribution to GDP 0.00% in 2016 � 5 th Growth 2017 forecast -5.00% � 10 th Long-term growth forecast 0 -10.00% 2017-2027 2012A 2013A 2014A 2015A 2016A 2017E Total Contribution to GDP (THBbn) % of GDP 11

Hotel Portfolio – Almost 4,000 rooms (+54%) will be added by 2020. Independent Category 5 Stars 4 Stars 3 Stars Economy Extended Stay Travelers Brands In Operation Pipeline Total Portfolio by rooms In Operation by rooms Grand No. of Hotels Thailand Overseas Total Thailand Overseas Total Total 55% 43% 66% 90% Equity owned 13 2 15 1 - 1 16 Owned Owned Thailand Thailand Joint Venture - - - - 1 1 1 + JV + JV Property Fund 1 - 1 - - - 1 Management 19 3 22 3 10 13 35 Summary of Pipeline 2018-2020 contract # of rooms- Owned/ JV Managed Total 33 5 38 4 11 15 53 Total Year 2019 2020 2018 2019 2020 In Operation Pipeline Cambodia 240 240 Grand China 250 346 596 No.of Rooms Thailand Overseas Total Thailand Overseas Total Total Cuba 245 245 Equity owned 3,509 252 3,761 280 - 280 4,041 Doha 622 514 1,136 Joint Venture - - - - 550 550 550 Dubai 550 550 Property Fund 202 - 202 - - - 202 Laos 162 162 Management 2,792 476 3,268 575 2,480 3,055 6,323 Maldives 101 101 contract 12 Thailand 280 330 245 855 Total 6,503 728 7,231 885 3,030 3,885 11,116 Total Rooms 280 550 867 1,597 591 3,885 As at 15 November 2017 Total Hotels 1 1 3 7 3 15 12 * including contracts on hand only

Hotel Performance - Driving growth through room rate 9M17 Revpar growth is driven by Thai properties outside Bangkok. Occupancy (%) 2014A 2015A 2016A Chg 9M16 9M17 Chg Bangkok 61.6% 81.3% 81.2% -0.1% 82.7% 80.7% -2.0% Outside Bangkok 78.9% 79.6% 81.8% 2.2% 82.6% 83.0% 0.4% Maldives 90.6% 81.5% 86.7% 5.1% 86.3% 82.4% -3.9% Thailand Average 82.6% 82.3% -0.3% 73.7% 80.1% 81.6% 1.5% Total Average 74.8% 80.2% 81.9% 1.7% 82.9% 82.3% -0.5% Average Room Rate 2014A 2015A 2016A %Chg 9M16 9M17 %Chg (Bt) Bangkok 3,112 3,248 3,394 4.5% 3,339 3,402 1.9% Outside Bangkok 3,987 4,017 3,928 -2.2% 3,892 4,112 5.6% Maldives 17,455 19,133 19,262 0.7% 19,227 18,682 -3.1% Thailand Average 3,725 3,902 4.7% 3,766 3,781 3,768 -0.4% Total Average 4,855 4,809 4,851 0.9% 4,796 4,880 1.8% RevPar (Bt) 2014A 2015A 2016A %Chg 9M16 9M17 %Chg Bangkok 1,917 2,642 2,755 4.3% 2,762 2,747 -0.5% Outside Bangkok 3,146 3,197 3,213 0.5% 3,214 3,412 6.2% Maldives 15,814 15,602 16,698 7.0% 16,629 15,394 -7.4% Thailand Average 3,078 3,211 4.3% 2,775 3,030 3,075 1.5% Total Average 3,632 3,858 3,975 3.0% 3,974 4,017 1.1% 13