Company any Prese senta ntation tion No Nov 2015 FORWARD - PowerPoint PPT Presentation

Company any Prese senta ntation tion – No Nov 2015

FORWARD LOOKING STATEMENT Statements included or incorporated in these materials that use 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, are "forward-looking statements" within the meaning 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. MINT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. MINT makes no representation whatsoever about the opinion or statements of any analyst or other third party. MINT does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement. Disclaimer 2

Agenda enda 9M15 Performance ormance Re Recap & Re Recent ent Upda dates tes Ho Hotel tel & Mixed-Use Use Business ness Re Restaur taurant ant Business ness Other her Important ortant Infor orma matio tion The Residences by Anantara, Layan, Phuket

9M15 Performanc ormance Recap & Recent Upd pdate tes Renovated Thai Express Outlet at Plaza Singapura

CONTINUED GROWTH WITH DIVERSIFICATION MINT reported 9M15 net profit of THB 3.6 billion, a 30% increase y-y, primarily from the robust performance of hospitality business, together with net bargain purchase gains of THB 720 million relating to the acquisitions of Sun International hotels in Africa in 1Q15 and Oaks Elan Darwin in Australia in 3Q15. Excluding such gains, 9M15 core net profit increased by 7% y-y. REVENUES +14% y-y THB Million Excl extra gains 40,000 +12% y-y 33,265 29,192 30,000 20,000 10,000 9M14 Hotel & Mixed-Use Restaurant Retail Trading 9M15 NET PROFIT THB Million +30% y-y Excl extra gains +7% y-y 4,000 3,621 3,000 2,783 2,000 1,000 9M14 Hotel & Mixed-Use Restaurant Retail Trading 9M15 9M15 Performance Recap 5

INTERNATIONAL PRESENCE With solid diversification strategy, MINT’s presence was in 33 countries at the end of 3Q15 across its hospitality and restaurant businesses. REVENUE CONTRIBUTION 100% Hotel & Spa 13% 35% 44% 75% 50% Restaurant International Thailand 50% Combination 87% 65% 56% 25% 50% 0% 2008 2014 9M15 2020F MINT’s Footprint 6

WHAT’S NEW IN 3Q15 TO DATE MINT continues to invest in its future, poised for solid growth going forward. HOTEL & MIXED-USE RESTAURANT Acquisition of Tivoli Oriente in Lisbon Additional Investment in Minor DKL Australia • Investment size: Euro 38.5 million (THB 1.5 billion) • Investment size: AUD 45 million (THB 1.16 billion) • MINT’s shareholding in its Australia hub through Minor DKL • The hotel: Australia increased from 50% to 70% ‐ 279 rooms ‐ Located in Parque das Nações , the former Expo ‘ 98 site, overlooking • Closing: 30 October 2015 the River Tagus in the Portuguese capital, and five minutes from • Investment rationales: Lisbon Portela Airport ‐ Additional revenues and net profit from the consolidation • Tivoli Oriente joined MINT’s portfolio as its 5 th hotel in Portugal of financial performance • The hotel continues to be leased and operated under Tivoli brand ‐ Minor DKL can achieve higher growth, leveraging on MINT’s operating platform and international capabilities • Closing: 1 October 2015 • The founding shareholders will retain the remaining 30% stake • This strategic asset investment follows MINT’s milestone acquisition in and continue to serve as Board members. early 2015 of four Tivoli hotels in Portugal and two Tivoli hotels, along with the Tivoli Hotels & Resorts brand, in Brazil • There is still further upside with the potential acquisition of the remaining 7 hotels, the operating platform and the Tivoli brand in Portugal CORPORATE Dow Jones Sustainability Emerging Markets Index MINT is included in the 2015 Dow Jones Sustainability Emerging Markets Index in the Consumer Services Sector (Hotels, Resorts & Cruise Lines) for the second consecutive year. Recent Development 7

Hote otel & Mi Mixed-Use se Bus usiness ness Tivoli Oriente, Lisbon

FINANCIAL PERFORMANCE – HOTEL & MIXED-USE 9M15 core revenues of hotel & mixed-use business (excluding gains in 3Q15, 1Q15 and 2Q14) grew by 19%, as a result of growth of owned hotels operations, addition of newly acquired hotels, and Anantara Vacation Club. 9M15 core EBITDA and net profit increased by 6% and 8% respectively, lower than the revenue growth, attributable to the lower profitability of the plaza & entertainment business and the decline of the higher-margin hotel management business y-y. Key Highlights +28% y-y +24% y-y THB million +27% y-y* +19% y-y* 17,244 Owned hotels : 50% of 9M15 hotel & mixed- 6,652 5,750 use revenues – saw revenue growth of 47% y-y, 5,397 5,355 13,933 4,842 4,484 4,094 as a result of system-wide 9M15 RevPar Revenue increase of 9% y-y (organic RevPar +18%), together with the addition of newly acquired hotels; +18% y-y +23% y-y Oaks : 23% of 9M15 hotel & mixed-use +6% y-y* revenues – reported revenue decline of 4% +12% y-y* while RevPar declined by 13% in THB terms 4,648 3,782 (9M15 revenue increased by 9% while RevPar 2,401 EBITDA 1,865 1,761 was flat in AUD terms); 1,337 1,130 910 892 Management contracts : 4% of 9M15 hotel & EBITDA mixed-use revenues – reported decrease in 32.9% 21.8% 25.2% 34.6% 36.1% 18.8% 23.2% 27.1% 27.0% Margin revenue by 19%, to more normalized level as 20.1%* 29.2%* 22.3%* 26.7%* 23.8%* 1Q14 was an exceptional quarter for Maldives +45% y-y +52% y-y hotels, with the VIP guests. System-wide 9M15 +12% y-y* +26% y-y* RevPar increased by 21% (organic RevPar 2,459 1,676 +12%); 1,615 1,054 1,003 NPAT Real estate : 18% of 9M15 hotel & mixed-use 553 382 229 revenues – increased by 21% y-y primarily 229 because of increase in revenues of Anantara Net 18.7% 5.6% 8.5% 19.5% 25.2% 4.7% 9.6% 11.6% 14.3% Margin Vacation Club. 4.0%* 17.1%* 8.5%* 11.2%* 10.5%* 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 9M14 9M15 * Excludes gains from revaluation of investments in Oaks Elan Darwin of THB 70 million in 3Q15, Sun International hotels of THB 650 million in 1Q15, and Serendib of THB 87 million (before tax) in 2Q14 Hotel Updates 9

HOTEL & MIXED-USE - INTERNATIONAL PRESENCE In recent years, MINT has implemented a solid diversification strategy. At the end of 3Q15, MINT operates hotels and spas under a combination of investment, joint-venture and management business models in 24 countries, with another 6 countries in the pipeline over the next three years. REVENUE CONTRIBUTION 100% 6% 44% 75% International 60% 66% Thailand 50% 94% 56% 25% 40% 34% 0% 2008 2014 9M15 2020F Investment Management Combination New Destinations in Pipeline Hubs Hotel Updates 10

SYSTEM-WIDE HOTEL OPERATIONS 3Q15 system-wide RevPar increased by 5% y-y, attributable to the rise in occupancy, primarily because of recovery of hotels in Bangkok, together with the increase in ADR. Excluding new hotels and foreign exchange impact, organic RevPar of the entire portfolio increased at a higher rate of 11% y-y in 3Q15. NUMBER OF HOTEL ROOMS ADR No of Rooms Organic excl FX Impact +27% y-y +4% y-y 20,000 THB 16,872 16,774 17,076 +1% y-y 8,000 14,721 15,000 13,128 13,179 13,465 6,968 6,359 MLR / Oaks 6,266 5,884 6,000 5,321 5,245 10,000 5,367 Managed Joint-venture 4,000 5,000 Owned 0 2,000 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 OCCUPANCY REVPAR Organic Organic excl FX Impact 90% +5% y-y +11% y-y THB +3% y-y +5% y-y 80% 5,000 4,673 4,431 4,409 70% 70% 69% 67% 66% 4,000 70% 3,486 3,678 3,546 65% 3,409 60% 3,000 60% 2,000 50% 1,000 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 * Note: Hotel Statistics include Oaks Hotel & Resort Hotel Updates 11