M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Minor International PCL Minor International PCL 2Q06 Analyst Meeting Michael Sagild, COO Four Seasons Hotel Bangkok Pratana Manomaiphiboon, CFO 15 th August 2006
Forward Looking Statements Forward Looking Statements 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, including without limitation, risks and uncertainties associated with the following: the continued ability of Minor International Public Company Limited (“Mint”) to attract and retain personnel; identification, completion, terms and timing of future acquisitions and dispositions; the availability and terms of capital for acquisitions and for renovations; execution of hotel renovation and expansion programs; the ability to maintain existing management, franchise or representation agreements and to obtain new agreements on favorable terms; competition within the lodging and leisure industry; the cyclicality of the real estate business and the hotel and leisure business; foreign exchange fluctuations and exchange control restrictions; general real estate and national and international economic conditions; political and financial conditions and uncertainties in countries in which Mint owns or operates properties; changes in current laws, rules or regulations of governmental or other regulatory bodies; and other risks and uncertainties set forth in the annual, quarterly and current reports and proxy statements of Mint filed with the Securities and Exchange Commission (the "SEC"). 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
M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Agenda Agenda 2Q06 Performance & Financial Results MINT’s Hotel Business Expansion MINT’s Food Business Update Projected Capex & Cash Flow Q&A 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 3
2Q06 Performance & Financial Results 2Q06 Performance & Financial Results Pratana Manomaiphiboon, CFO Pratana Manomaiphiboon, CFO
M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Key Takeaways in 2Q06 Key Takeaways in 2Q06 Food Number of outlets increased to 585 stores, up 69 stores from 2Q05 New stores (mainly in Thailand & China) including The Pizza 18, Swensen’s 21, Sizzler 5, DQ 15, BK 2 , Le Jazz 7 and Other 1 Same-store-sales up 12%, Total-system-sales up 27%, y-y Hospitality Signed MoU with Hemas Holding aiming for hotel contract management business of four hotels in Sri Lanka Signed contract for 5 hotel contract management in Dubai, and 1 in Bali Occupancy rate stood 65% - compared to last year 61%; RevPar up 13% y-y Number of MINT’s spa increased to 20 as end of 2Q06 Corporate Selected for the SET-50 Index beginning 1 st July 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 5
M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day 2Q06 Financials Snapshot 2Q06 Financials Snapshot 2Q06 2Q05 % Chg Sales Revenues 2,915 2,337 25% EBITDA 682 551 23% Net Profit 221 137 61% Net Profit Margin 8% 6% 2% 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 6
M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day MINT’ ’s s Revenue Breakdown Revenue Breakdown MINT (Bt Million) 4,000 25% y-y Growth 2,915 Other income 3,000 2,337 Spa Business 34% 43% 46% 2,000 40% Retail & Entertain 36% Hotel Services 1,000 57% 49% 44% 51% 55% Food Services 0 2Q05 3Q05 4Q05 1Q06 2Q06 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 7
M M M M I NT’ I NT I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Food Same- -Store Store- -Sales Sales Food Same 2Q06 1H06 The Pizza Company 18% 16% The Pizza Company 18% 16% Swensen’s 20% 15% Swensen’s 20% 15% Sizzler 6% 3% Sizzler 6% 3% Dairy Queen -11% -3% Dairy Queen -11% -3% Burger King 4% 10% Burger King 4% 10% Average 12% 11% Average 12% 11% 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 8
M M M M I NT’ I NT I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Food Total- -System System- -Sales Sales Food Total 2Q06 1H06 The Pizza Company 31% 28% The Pizza Company 31% 28% Swensen’s 39% 33% Swensen’s 39% 33% Sizzler 22% 18% Sizzler 22% 18% Dairy Queen -4% 4% Dairy Queen -4% 4% Burger King 35% 28% Burger King 35% 28% Average 27% 25% Average 27% 25% 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 9
M M M M I NT’ I NT I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Food Franchising Revenues Food Franchising Revenues (Bt Million) 100 27% y-y Growth 80 60 57 40 International 6 6 Franchising Fee 8 6 20 Local 30 28 21 Franchising Fee 20 17 0 2Q05 3Q05 4Q05 1Q06 2Q06 Note: 3Q05 franchising revenues mainly from territory fee from Saudi Arabia 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 10
M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Hotel: Occupancy Rate & ADR Hotel: Occupancy Rate & ADR Occupancy Avg. Room Rate(Bt/night) Hotel 2Q06 2Q05 2Q06 2Q05 %Chg Bangkok Marriott Resort & Spa 89% 83% 3,331 3,014 11% Pattaya Marriott Resort & Spa 83% 77% 3,091 2,921 6% Hua Hin Marriott Resort & Spa 83% 63% 2,616 2,686 -3% JW Marriott Phuket 55% 65% 5,106 4,886 5% Anantara Resort & Spa Hua Hin 63% 64% 3,321 3,177 5% Anantara Resort & Spa Golden Triangle 28% 25% 4,644 3,834 21% Anantara Resort & Spa Koh Samui 61% 29% 4,715 4,752 -1% Four Seasons Resort Chiang Mai 53% 44% 10,371 9,848 5% Four Seasons Hotel Bangkok 39% 48% 6,042 5,541 9% Four Seasons Tented Camp 39% n.a. 16,419 n.a. n.a. Bodu Huraa Hotel, Maldives 51% n.a. 7,323 n.a. n.a. Harbour View Hotel, Vietnam 49% 36% 1,689 1,798 -6% 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 11 Average 65% 61% 3,998 3,748 7%
M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day Hotel: RevPar RevPar & Total Revenue & Total Revenue Hotel: Rev Par (Bt) Total Revenue (Bt m) %Chg Hotel 2Q06 2Q05 % Chg 2Q06 2Q05 Bangkok Marriott Resort & Spa 2,951 2,491 18% 225 202 12% Pattaya Marriott Resort & Spa 2,581 2,238 15% 113 98 15% Hua Hin Marriott Resort & Spa 2,169 1,697 28% 71 57 25% JW Marriott Phuket Resort & Spa 2,824 3,176 -11% 156 144 9% Anantara Resort & Spa Hua Hin 2,092 2,018 4% 59 55 7% Anantara Resort & Spa Golden Triangle 1,310 970 35% 19 17 10% Anantara Resort & Spa Samui 2,886 1,398 106% 45 23 97% Four Seasons Resort Chiang Mai 5,517 4,301 28% 79 65 23% Four Seasons Hotel Bangkok 2,373 2,684 -12% 159 181 -12% Four Seasons Tented Camp 6,339 n.a. n.a. 20 n.a. n.a. Bodu Huraa Hotel, Maldives 3,747 n.a. n.a. 29 n.a. n.a. Harbour View Hotel, Vietnam 862 693 29% 17 14 23% 2Q06 Analyst Meeting Presentation 15 th August 2006 Page 12 Average 2,596 2,289 13% 995 855 16%
M M M M I NT I NT’ I NT I NT ’ s s Br ands New Day Br ands New Day Br ands New Day Br ands New Day 1H06 Occupancy Rate & ADR 1H06 Occupancy Rate & ADR Occupancy Avg. Room Rate(Bt/night) Hotel 1H06 1H05 1H06 1H05 %Chg Bangkok Marriott Resort & Spa 90% 85% 3,774 3,291 15% Pattaya Marriott Resort & Spa 87% 82% 3,332 3,104 7% Hua Hin Marriott Resort & Spa 88% 78% 3,428 3,377 2% JW Marriott Phuket 57% 72% 6,146 5,518 11% Anantara Resort & Spa Hua Hin 75% 75% 4,211 4,015 5% Anantara Resort & Spa Golden Triangle 38% 38% 5,510 4,718 17% Anantara Resort & Spa Koh Samui 62% 41% 5,641 5,776 -2% Four Seasons Resort Chiang Mai 60% 55% 12,367 11,896 4% Four Seasons Hotel Bangkok 57% 56% 6,005 5,511 9% Four Seasons Tented Camp 34% n.a. 16,604 n.a. n.a. Bodu Huraa Hotel, Maldives 69% n.a. 6,576 n.a. n.a. Harbour View Hotel, Vietnam 50% 42% 1,663 1,609 3% 2Q06 Analyst Meeting Presentation 15 th August 2006 Average 72% 69% 4,614 4,228 9% Page 13
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