Central Plaza Hotel Public Company Limited Analyst Meeting - PowerPoint PPT Presentation

Central Plaza Hotel Public Company Limited Analyst Meeting Presentation 1Q18 1Q18 May 18, 2018

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

Contents ▪ Company Overview ▪ Hotel Business ▪ Food Business ▪ Financial Highlights ▪ Appendices 3

Company Overview 4

Consolidated Earning 1Q18: Growth from Hotel Operation THB million 1Q17 1Q18 % Chg Total Hotel revenue* 2,759 2,949 6.9% Total Food Revenue 2,587 2,793 7.9% Total Revenues 5,346 5,741 7.4% EBITDA 1,491 1,588 6.5% EBITDA Margin (%) 27.9% 27.7% Net Profit 783 883 12.8% EPS (Baht/ share) 0.58 0.65 12.1% Note: EBITDA from operation before insurance claim 1,455 1,588 9.1% EBITDA Margin (%) 27.4% 27.7% Note: Total hotel revenue included deferred rental income 24.7mn per quarter In 1Q17, revenue included insurance claim from Centara Grand Phuket of 35.9mn. 5

CENTEL at Glance 1Q 2018 Maldives 9% 38 hotels with Hotel Bangkok 32% Total 51% Food Total 7,294 Revenue 49% Revenue THB 5.7 bn Upcountry Mix rooms in operation 7% 59% 11 food brands Food 21% with 899 EBITDA THB 1.6 bn outlets in operation 6.5% Hotel Rank No. 1, 4 & 7 79% Top Hotels for Families - Thailand (28% Margin) Centara Grand Mirage Beach Resort Pattaya, Centara Grand By THAIPAT 6 Beach Resort Phuket & Centara Karon Resort Phuket

Low Gearing with Average Cost of 2.9% & Optimized Profile Gearing Ratio 2017 1Q18 Total Asset Total Liabilities and Equity Net Debt/Equity 0.8 0.7 25,510 25,037 Interest Bearing Debt/Equity 0.6 0.5 27% 48% 49% 7% 89% 87% Note: Net Debt excluded deferred income 51% 2% 52% 1% 2017 1Q18 2017 1Q18 Current Asset Non-current Asset Total Liabilities Total Equity O/D and ST/L Debentures LT/L ** * A Stable Credit Rating from TRIS 2% THB 7.0 bn THB 6.9 bn Long-Term, 84% 16% 23% 62% 61% 22% 16% Fixed, 63% USD, 20% 2017 1Q18 Note: * Short-term loan included current portion of long-term loan and debentures ** Long-term Loan 7

Hotel Business 8

Thailand Tourism Keeps Growing Momentum Expected growth in 2018 from low-base business last year: No impact on zero-dollar tour crackdown & No mourning period Thailand Number of Tourist Arrivals : 2015-2017 CAGR 9% Unit: In million 60.0 9.2% 8.5% 50.0 9.0% 38.6 35.4 Source: 40.0 32.6 29.9 Ministry of Tourism and Sport 30.0 15.4% Tourism Council of Thailand 20.0 Thailand Tourism Forum 2018, STR 10.6 9.2 Hotel Destinations Thailand, January 2018, JLL 10.0 0.0 2015A 2016A 2017A 2018E 1Q17 1Q18 2017 Occupancy Rate 2017 RevPar Growth No. of New Rooms 2017 No. of New Rooms 2018-2020 Bangkok 79.7% +4.6% 1,863 9,800 Phuket 75.2% +5.7% 614 > 4,800 (Including Condotels) Koh Samui 70.8% (Suratthani) +0.8% 236 > 1,000 Krabi 67.5% -5.7% 443 1,000 Pattaya 77.3% (Chonburi) +9.5% 637 > 6,700 (Including 3,500 Condo units with rental pool) +5.4% 441 > 1,800 (Including 1,050 Condo units with rental pool) Hua Hin & 69.2% (prachuap khiri khan) Cha Am 9

Maldives : Resilient with Upcoming Demand in 2019 2018 Number of Tourist Arrivals and Operational Beds • Minimal impact from Maldives state of emergency (ended in Mar 2018) • No. of Tourist Supply concern for Maldives (+9%) 1.3 (+4%) 1.4 1.2 0.42 (+17%) 0.36 Arrivals 60,000 (In million) 0.0 40,981 (+8%) 50,000 37,773 36,618 40,572 (+11%) (+30%) 2016 2017 1Q17 1Q18 28,276 40,000 -5.0 30,000 62.9% 61.1% 69.9% 73.9% Occupancy Rate No. of -10.0 20,000 Operational Beds 10,000 -15.0 2016 2017 2018-2019 0 2015A 2016A 2017A 1Q17 1Q18 -10,000 -20.0 No. of New Resorts 11 13 23 2x Capacity of Maldives airport in 2019 2019 - 2020 Additional demand from Maldives airport expansion • New passenger terminal with built-up area of 90,000 sq. m. accommodating 7.5 million passengers • New cargo terminal with total area of 18,000 sq. m. handling over 120,000 tons of air-cargo a year. Source: http://investmaldives.gov.mv/project-airport-exp.php 10 Ministry of Tourism, Republic of Maldives

Hotel Portfolio in Total 11,945 Rooms Number of Rooms Number of Hotels In Operation Pipeline In Operation Pipeline Grand Grand Thailand* Overseas* Total Thailand Overseas Total Thailand Overseas Total Thailand Overseas Total Total Total Owned 3,928 252 4,180 282 900 1,182 5,362 Owned 15* 2 17 1 3 4 21 Managed 2,593 521 3,114 825 2,644 3,469 6,583 Managed 18 3 21 4 12 16 37 Total 33 5 38 5 15 20 58 Total 6,521 773 7,294 1,107 3,544 4,651 11,945 *Including JV and property fund As at 31 March 2018 *Revised numbers Total Portfolio by rooms In Operation by Rooms 45% 57% 89% 64% Owned Owned Thailand Thailand 11

4,651-room Hotels in Pipeline Summary of Pipeline 2018-2021 # of rooms Owned Managed China Total 596 rooms Middle East Year 2019E 2021E 2018 2019E 2020E 2021E 1,380 rooms Bali 210 210 Thailand Cambodia 240 240 Cuba 1,107 rooms 245 rooms China 250 346 596 Cambodia Cuba 245 245 240 rooms Doha 265 514 779 Laos 362 rooms Dubai 601 601 12 Laos 162 200 362 Maldives Maldives 300 101 110 511 Bali 511 rooms 210 rooms Thailand 282 330 245 250 1,107 Total Rooms 282 901 265 1,842 591 770 4,651 Total Hotels 1 3 1 8 3 4 20 As at Match 31, 2018 12

Overall Performance: Strong Tourism Industry Trend Total Revenue (THB mn) EBITDA before extra items (THB mn) Excluding insurance claim Excluding insurance claim of 3-week closure of Centara Grand of THB 35.9 mn in 1Q17, THB 35.9 mn in 1Q17, 1Q18 Maldives Bangkok Upcountry Phuket due to flood damage in 4Q16 1Q18 EBITDA increases by Total revenue increases by 0.5% 9.4% with improved 8.3% 9,309 9,358 margin by 0.5% 1.8% 3,027 2,974 50% 6.9% 6.1% 1,247 1,176 2,759 2,949 2,453 786 30% EBITDA margin 32% 32% 42.6% 42.4% 32.0% 20% 2016 2017 1Q17 4Q17 1Q18 2016 2017 1Q17 4Q17 1Q18 13

Total Own Portfolio (Organic*) : 1Q18 RevPar +4% Average Room Rate - THB (ARR) 1% 2% 4,897 6,025 5,935 4,997 Occupancy (OCC) 1% 4,851 92.0% 82.7% 83.0% 81.9% 87.4% 87.5% 85.0% 83.8% 2016 2017 1Q17 4Q17 1Q18 83.0% Revenue Per Available Room - THB (RevPar) 4% 2% 5,268 78.5% 5,044 78.5% 4,049 1Q17 4Q17 1Q18 2016 2017 4,188 3% 3,975 2016 2017 1Q17 4Q17 1Q18 14 Note: * Excluding COSI Samui Chaweng Beach and Centra by Centara Government Complex Hotel & Convention Centre Chaeng Watthana

Total Own Portfolio (Organic + Inorganic*) : 1Q18 RevPar -3% Average Room Rate - THB (ARR) 4% 5,935 5,690 Occupancy (OCC) 90.0% 1Q17 1Q18 86.0% 85.0% 85.5% Revenue Per Available Room - THB (RevPar) 81.0% 3% 1Q17 1Q18 5,044 4,894 1Q17 1Q18 15 Note: * Including COSI Samui Chaweng Beach and Centra by Centara Government Complex Hotel & Convention Centre Chaeng Watthana since 1Q18

Thailand Portfolio (Organic*) : 1Q18 RevPar +6% Occupancy (OCC) Average Room Rate - THB (ARR) 87.5% Bangkok Upcountry Thailand Bangkok Upcountry Thailand 5% 3% 2% 4% 0.4% 5,519 3% 4,128 5,379 3,928 3,926 3,768 4,798 4,947 3,450 83.1% 3,394 6% 81.8% 83.0% 3,615 82.6% 3,426 81.6% 81.4% 81.2% 78.5% 2016 2017 1Q17 1Q18 2016 2017 5% Bangkok Upcountry Thailand Revenue Per Available Room - THB (RevPar) 6% 87.7% 4,842 4,618 88.5% 85.9% 87.5% 7% 4,329 4,093 1% 9% 2% 5% 85.3% 87.0% 3,428 3,213 3,145 84.0% 3,241 3,075 2,879 2,755 2,810 84.0% 79.5% 75.0% 1Q17 1Q18 2016 2017 1Q17 1Q18 Note: * Excluding COSI Samui Chaweng Beach and Centra by Centara Government Complex Hotel & Convention Centre Chaeng Watthana 16

Thailand Portfolio (Organic + Inorganic*) : 1Q18 RevPar -2% Occupancy (OCC) Average Room Rate - THB (ARR) 87.5% Bangkok Upcountry Thailand Bangkok Upcountry Thailand 5% 0.2% 2% 4% 0.4% 3% 4,128 5,379 5,366 3,928 3,926 3,768 4,798 3,450 83.1% 4,671 3,394 5% 81.8% 83.0% 82.6% 3,426 3,244 81.6% 81.4% 81.2% 78.5% 2016 2017 1Q17 1Q18 2016 2017 0.2% 4,618 Bangkok Upcountry Thailand Revenue Per Available Room - THB (RevPar) 2% 4,608 4,093 4,017 88.5% 85.9% 85.9% 3% 7% 1% 86.0% 2% 5% 85.3% 2,879 86.3% 3,428 2,798 3,213 84.0% 3,241 3,075 2,755 2,810 84.0% 79.5% 75.0% 1Q17 1Q18 2016 2017 1Q17 1Q18 Note: * Including COSI Samui Chaweng Beach and Centra by Centara Government Complex Hotel & Convention Centre Chaeng Watthana 17