LIVING SEAMLESS Mrs.Kamonwan Wipulakorn Chairman Of Board Of - PowerPoint PPT Presentation

LIVING SEAMLESS

Mrs.Kamonwan Wipulakorn Chairman Of Board Of Director, One Origin Co., Ltd.

INTERNATIONAL TOURIST ARRIVAL +20.4% 60.0 +8.9% +8.5% +7.5% 5-YEARS +4.2% CAGR 50.0 -6.5% 5.9% 40.0 million 30.0 TRADE WAR, THAI BAHT APPRECIATION 20.0 KING RAMA IX’S PASSING PHUKET BOAT CAPSIZE COUP D’ETAT 10.0 24.8 29.8 32.5 35.3 38.2 39.8 41.0 - 2014 2015 2016 2017 2018 2019 2020F NUMBER OF INTERNATIONAL TOURIST (PERSON) % CHANGE ( Y-0-Y ) SOURCE : MINISTRY OF TOURISM AND SPORT

FOREIGN 3.0% 4.2% 39.79 1.9 CHANGE CHANGE Y-0-Y Y-0-Y TRILLION BAHT MILLION VISITORS TOP 5 VISITOR BY COUNTRY TOP 5 REVENUE BY COUNTRY VISITOR COUNTRY CHANGE REVENUE COUNTRY CHANGE (MILLION PERSON) Y-O-Y (MILLION BATH) Y-O-Y 10.9 +4.3% CHINA 543,707 CHINA +4.7% +3.6% 4.1 MALAYSIA 106,728 MALAYSIA +3.1% +24.8% 1.9 -1.2% INDIA 103,784 RUSSIA +11.4.8% 1.8 KOREA +5.1% 89,807 JAPAN +27.4% LAOS 86,372 INDIA 1.8 +10.8% SOURCE : MINISTRY OF TOURISM AND TRAVEL

DOMESTIC 0.06% 1.1% 166.8 1.1 CHANGE CHANGE Y-0-Y Y-0-Y MILLION VISITORS TRILLION BAHT TOP 3 REVENUE BY PROVINCE REVENUE COUNTRY CHANGE (MILLION BATH) Y-O-Y 24,058 -4.3% BANGKOK 9,486 +1.6% CHIANG MAI -2.3% 6,216 PHUKET SOURCE : MINISTRY OF TOURISM AND TRAVAL

INTERNATIONAL MICE VISITOR NUMBER OF VISITORS 2.5M 2.00M 2.0M 1.5M 1.27M 1.27M 1.01M 1.0M 0.82M 0.92M 0.90M 0.74M 0.68M 0.5M 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 REVENUE GENERATED ( MB ) 150K 137,225 102,936 100K 88,485 79,770 93,970 61,570 59,735 50K 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 SOURCE : MICE Intelligence Center

DOMESTIC MICE VISITOR NUMBER OF VISITORS 50M 40M 35.32M 33.44M 28.85M 30M 29.61M 23.70M 20M 14.51M 10M 2014 2015 2016 2017 2018 2019 2020 2021 2022 REVENUE GENERATED ( MB ) 200K 150K 114,376.00 91,010.00 100K 107,046.00 73,322.00 46,401.00 50K 31.494.00 0K 2014 2015 2016 2017 2018 2019 2020 2021 2022 SOURCE : MICE Intelligence Center

FDI INVESTMENT Million Baht 600,000 Top 5 Source of Investment 500,000 Japan 59,187 M. China 45,439 M. 52% Switzerland 11,710 M. 400,000 Taiwan 9,660 M. Singapore 9,304 M. 300,000 38% 200,000 56% 33% 44% 100,000 56% 47% 30% 43% 34% 0 2015 2016 2017 2018 (JAN-SEP) 2019 (JAN-SEP) NORTH EAST OTHER WEST SOUTH NORTH EAST CENTRAL SOURCE : BOI

THAILAND HOTEL OCCUPANCY RATE 71.3% 71.1% 68.8% 2017 2018 2019 SOURCE : BANK OF THAILAND

UPSCALE AND UPPER UPSCALE HOTEL PERFORMANCE IN BANGKOK 2012 - 1H 2019 4,000 100% 90% 3,500 80% occupancy rate (%) 3,000 70% price ( baht ) 2,500 60% 2,000 50% 40% 1.500 30% 1,000 20% 500 10% 0 0% 2012 2013 2014 2015 2016 2017 2018 1H 2019 ADR REVPAR OCCUPANCY RATE OCC ADR REVPAR 81.4% 3,447 2,807 1H 2019 SOURCE : JLL Thailand

BUSINESS MODEL STRATEGIC DIVERSION JOINT HOTEL VENTURE OPERATOR SYNERGY TENANT PROPERTY LEASING PARTNERSHIP AND MANAGEMENT TO INCREASE BUSINESS AGILITY

Mr. Chanchai Phansopha Director/Executive Director of One Origin Co., Ltd.

BANGKOK OFFICE SUPPLY, DEMAND AND OCCUPANCY RATE 2.2% 4.8% SQ.M. Vacancy Rate 50% 11M 8.34 M 1,057 THB 93.0% SQ.M. PER SQ.M. 10M 45% DEMAND GRADE A OVERALL 9M 40% CBD RENT OCCUPANCY 8M 35% THB / sq.m. 7M 30% 1,100 1,057 6M 25% 1,000 5M 20% 900 876 4M 790 800 15% 3M 720 700 10% 2M 600 5% 1M 500 0 0% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 400 2019F 2020F 2021F 2022F 2023F 300 Total Supply Total Take-up Vacancy Rate 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 2019 Q2 2019 Q3 2019 CBD Grande A CBD Grande B NON-CBD Grande A NON-CBD Grande B SOURCE : CBRE Thailand

BANGKOK OFFICE OCCUPANCY RATE ( ALONG MASS TRANSIT ) KASETSART UNIVERSITY ASOKE-PHROMPHONG PAHONYOTHIN – VIBHAVADI SENA NIKHOM 96.8 91.4 RATCHAYOTHIN PHAHON YOTHIN 24 HA YAEK LAT PHRAO LAT PHRAO PHAHON YOTHIN MO CHIT BANG SUE RATCHADAPHISEK WIRELESS RAMA 9 - RAMKHAMHAENG CHATUCHAK PARK 91.3 90.3 TAO POON KAMPHAENG PHET SAPHAN KHWAI SUTHISAN ARI HUAI KHWANG SANAM PAO THAILAND CULTURAL CENTRE PLOENCHIT-CHIDLOM VICTORY MONUMENT PHRA RAM 9 ASOKE - PHETCHBURI 95.7 93.8 PHAYA THAI PHETCHABURI RATCHATHEWI PHLOEN CHIT PHROM PHONG ASOK SIAM SILOM-SATHORN SUKHUMVIT CHIT LOM NANA THONG LO NATIONAL STADIUM 93.0 QUEEN SIRIKIT RATCHADAMRI NATIONAL EKKAMAI CONVENTION KHLONG WAT MANGKON CENTRE SI LOM LUMPHINI TOEI PHRA KHANONG SAM YOT HUA SAM YAN SALA DAENG ON NUT LAMPHONG SANAM CHAI CHONG NONSI BANG CHAK ITSARAPHAP BANG WA PUNNAWITHI BANG PHAI THA PHRA SURASAK UDOM SUK BANGNA KRUNG THON BURI BANG WA 92.1 BANG NA SAPHAN TAKSIN WUTTHAKAT TALAT PHLU PHO NIMIT WONGWIAN YAI BEARING SAMRONG PU CHAO

BANGKOK RETAIL SUPPLY, TAKE-UP AND OCCUPANCY RATE 100% 9M OCCUPANCY RATE BY LOCATION 8M 98% 7M 100% 96% 6M Net Area (sq.m.) 98% 94% Occupancy Rate 5M 96% 4M 92% 94% 3M 92% 90% 2M 90% 88% 1M 1Q 2013 3Q 2013 1Q 2014 3Q 2014 1Q 2015 3Q 2015 1Q 2016 3Q 2016 1Q 2017 3Q 2017 1Q 2018 3Q 2018 1Q 2019 3Q 2019 86% 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 2019 Q2 2019 Q3 2019 CBD Outer CBD Suburban Bangkok Total Supply Total Take-up Occupancy Rate SOURCE : CBRE Thailand, Colliers Thailand

GROWTH STRATEGY LOCATION PEOPLE OPEN OPEN PLATFORM PLATFORM PRODUCT CUSTOMER DESIGN INSIGHT

PARTNERSHIP STRATEGY CO-WORKING MEGA FOOD CHAIN OUTLET SPACE HYPERMART LOGISTIC

Mr. Pitipong Trinurak Chief Executive Officer of One Origin Co., Ltd.

FUTURE PLAN ACCOMMODATION OFFICE & RETAIL LOGISTICS & WAREHOUSE HOTEL & SERVICED APARTMENT OFFICE & RETAIL WAREHOUSE

OVERVIEW & PIPELINE 2020-2023F NEW NEW NEW JOINT VENTURE JOINT VENTURE JOINT VENTURE 24 BANGKOK BUDGET HOTEL BUDGET HOTEL BUDGET HOTEL RAMINTRA PHAYATHAI CHONBURI RAYONG MAPTAPHUT SUKHUMVIT (TENTATIVE) (TENTATIVE) (TENTATIVE) BANGKOKTHONGLOR (FUTURE PROJECT) SIRACHA BANGKOK SUKHUMVIT PHROMPHONG BANGKOK PHAYATHAI RAYONG MAPTAPHUT 2020 GRAND OPENING YEAR 2022 2023 2021 ~830 KEYS ~410 KEYS ~1,050 KEYS ~1,130 KEYS NUMBER OF KEYS / YEAR RETAIL & OFFICE ACCUMULATE ~830 KEYS ~1,240 KEYS ~ 2,290 KEYS ~3,420 KEYS : ~16,000 SQ.M. (NSA) NUMBER OF KEYS

PROJECT LOCATIONS BANGKOK EEC

TOTAL REVENUE BREAKDOWN 3,500 ( 2020-2025 F ) Hotel Operation Mgt Fee-Constuction 3,000 Mgt Fee-Operation Other Income 2,500 2,000 1,500 1,100 1,000 900 10 10 160 1,000 700 10 140 110 10 450 60 300 10 10 500 50 930 850 780 20 20 580 370 70 50 200 Y2020 Y2021 Y2022 Y2023 Y2024 Y2025

TOTAL REVENUE BREAKDOWN & JV REVENUE 3,500 ( 2020-2025 F ) 3,200 Hotel Operation Mgt Fee-Constuction 2,900 3,000 Mgt Fee-Operation Other Income 2,600 JV Project (100%) 2,500 2,100 2,000 1,900 1,700 1,550 1,500 850 10 10 160 1,000 10 140 700 110 520 10 10 250 10 500 930 50 850 220 780 20 20 580 370 70 50 200 Y2020 Y2021 Y2022 Y2023 Y2024 Y2025 Net Profit 30 MB 50 MB 120 MB 300 MB 420 MB 500 MB ROE as of Year 2025 = 15-16% (Max. Equity = 3,200 MB)

REVENUE BY SEGMENT 2025 F 10% 13,000 SQ.M. 5% 16,000 SQ.M. 85% 93,000 SQ.M. HOTEL RETAIL & OFFICE BG HOTEL

EQUITY PLAN ( 2020-2022 F ) ESTIMATE EQUITY I ONE ESTIMATE IBD/E I ORI Unit : MB Unit : Time 2.50 FORECAST 3,200 2,650 2.00 1.53 1.51 1.42 1,920 1.25 1.50 1.11 0.96 1.00 730 550 0.50 320 Y2021 Y2020 Y2022 Y2018(A) Y2019(F) Y2020(F) Y2021(F) Y2022(F) Y2023(F) EQUITY (YEARLY) EQUITY (ACCUMULATE) Total Investment = 12,000 MB Accumulated Equity & Shareholders loan as of 2019 = 1,600 MB Accumulate Equity as of 2022 = 3,200 MB

REIT CONTRIBUTION REIT Value ~ 5,000 MB Net Profit ~ 1,250 MB 2020 2021-2022 F GRAND OPENING • Staybridge Bangkok Thonglor 303 Rooms • Holiday Inn & Suites Siracha Laemchabang 347 Rooms

Ms. Aliwassa Pathnadabutr Managing Director of CBRE Thailand Co., Ltd.

GLOBAL TRENDS IN DEVELOPING COMMERCIAL SPACE 29 FEBRUARY 2020

TECH DISRUPTION CBRE ONE ORIGIN PRESS CONFERENCE | 29 JANUARY 2020

MIXED-USE DEVELOPMENT TRENDS ▪ DISCOVER ▪ LEARN ▪ PLAY ▪ WORK ▪ SHARE ▪ SHOP ▪ LIVE ▪ HEALTH ▪ GREEN CBRE ONE ORIGIN PRESS CONFERENCE | 29 JANUARY 2020

FUNAN DIGITALIFE MALL (SINGAPORE) ▪ 82,500 SQ.M. GFA ▪ RETAIL + OFFICE + SERVICED RESIDENCE ▪ URBAN FARM ▪ INDOOR CYCLING PATH ▪ TECH, CRAFT, PLAY, FIT, CHIC, AND TASTE Photos: CapitaLand, Booking.com, Timeout, The Business Times CBRE ONE ORIGIN PRESS CONFERENCE | 29 JANUARY 2020

HOTELISATION ▪ HOTEL-LIKE QUALITY OF SERVICE ▪ HOTEL-LIKE AMENITIES ▪ Office – Meeting Room, Catering, Wellness ▪ Retail – Valet Parking, Pickup Instore, Return Service, Drive-through Source | CBRE Research CBRE ONE ORIGIN PRESS CONFERENCE | 29 JANUARY 2020

FLEXIBLE WORKPLACE ▪ LEASE TERM ▪ CO-WORKING SPACE ▪ WORKPLACE STRATEGY ▪ Host ▪ WORK HOUR Source | CBRE Research CBRE ONE ORIGIN PRESS CONFERENCE | 29 JANUARY 2020

TECHNOLOGY FOR ENGAGEMENT CBRE ONE ORIGIN PRESS CONFERENCE | 29 JANUARY 2020