MINTs 3Q07 Investors Update 19 th November 2007 The Stock Exchange - PowerPoint PPT Presentation

MINT’s 3Q07 Investors Update 19 th November 2007 The Stock Exchange of Thailand

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 2

Today’s Agenda � Key Developments in 3Q07 � MINT’s Business Update � Food Services � Hotel & Residential Properties � Financial Results � Capex & Cashflow Outlook 3

Key Developments in 3Q07 MINT’s expansion both organic & acquisition QSR Business: Net outlet opening 11 owned and 11 franchised during 9 months 2007 � Acquired 50% holding in The Coffee Club – Australian brand currently � operate >180 outlets Hospitality & Residential Business: Official launch of The Estates Samui – the exclusive pool villas adjacent � to Four Seasons Samui Entered into new agreement with Marriott Vacation Club International to � become the business and development consultant Acquired 23 years lease of Kihavah Huravlhu island in Maldives to � operate 2nd Anantara resort in Maldives Finance: Debt refinancing by issuing Bt 3.9bn of 5 and 7 years debentures with � interest rate of 5.02% on average 4

Financials Snapshot (Bt m) 3Q07 3Q06 %Chg 9M07 9M06 %Chg Sales 3,340 2,872 16% 10,183 8,988 13% Revenues EBITDA 849 691 23% 2,593 2,317 12% Net Profit 371 240 55% 1,052 881 19% 5

MINT’s 3Q07 Revenue Breakdown Contributions from core business remained solid 3Q07 : Bt3,340m 3Q06 : Bt2,872m 16% y-y Other Business Other 8% Business Hotel Hotel 7% 36% Share of 43% profit 2% Share of profit 1% Food Food 54% 49% 6

Paul C. Kenny Chief Executive Officer, Minor Food Group � MINT’s QSR Business Portfolio � SSS & TSS Performance � Marketing Strategy � China Business Update � The Coffee Club 7

22 New Food Outlets in 9M07 No of 2006 1Q07 2Q07 3Q07 YTD Chg outlets 188 192 194 196 +8 162 169 171 174 +12 37 37 37 35 -2 189 192 193 197 +8 16 17 18 18 +2 18 18 17 14 -4 21 19 19 19 -2 Total 631 644 649 653 +22 8

MINT’s QSR Brand Portfolio 174 35 195 174 35 195 197 197 18 16 19 18 16 19 Outlets % Outlets % Equity 541 83 Thailand 600 92 Franchise 112 17 International 53 8 Total 653 100 Total 653 100 Including TCC 180 outlets: Including TCC 180 outlets: Outlet % Outlet % Equity 551 66 Thailand 600 72 Franchise 282 34 International 233 28 9 Total 833 100 Total 833 100

MINT’s QSR Diversified Locations Preserving leading position in Thailand and expanding overseas Expansion in China to 200 outlets by 2010 China China Middle East Middle East 32 outlets 32 outlets 14 outlets 14 outlets South East Asia South East Asia Thailand Thailand 7 outlets 7 outlets 600 outlets 600 outlets New potential market -- India 10

MINT’s China Food Expansion Owned equity and franchise development plan Beijing Cluster 2004-2007 Chengdu and Guangzhou Cluster 2008-2010 Shanghai Cluster Beijing Equity 2007-2009 TPC Franchise Sizzler Franchise 11

MINT’s 3Q07 QSR Performance Impacted by domestic low consumer confidence SSS (%) TSS (%) Brand 3Q07 3Q06 3Q07 3Q06 1.5% (1.0%) 12.8% 11.1% (7.5%) 18.9% 3.0% 32.5% (14.2%) 17.6% (11.6%) 33.2% (9.6%) 8.2% (4.0%) 15.9% 4.5% 1.2% 28.0% 35.4% (11.3%) (7.7%) (17.8%) 65.3% Average (5.1%) 7.6% 4.7% 21.6% 12

MINT’s 9M07 QSR Performance SSS showed slight negative, yet TSS still growing SSS (%) TSS (%) Brand 9M07 9M06 9M07 9M06 2.9% 9.7% 17.3% 22.3% (3.1%) 15.7% 9.1% 32.6% (12.0%) 7.3% (5.8%) 22.7% 1.1% 0.9% 6.9% 8.2% 3.8% 6.9% 23.8% 30.6% (11.6%) (6.1%) (1.7%) 45.3% Average (1.9%) 9.1% 10.1% 23.8% 13

QSR Franchising Revenues Domestic franchising improved strongly (Bt m) 50 8% y-y growth 40 8 8 5 International 6 Franchising Fee 8 30 20 Local 35 34 33 Franchising Fee 30 28 10 0 3Q06 4Q06 1Q07 2Q07 3Q07 14

MINT’s QSR Outlook in 2007 Expecting a flat same-store-sale growth this year Same-Store-Sale Growth Brand Key Issues 2006 2007F 8.2 3-5% Strong delivery channel 14.5 - Softened from LY strong base 8.1 (5-8%) High price point brand 6.8 5-6% Effective marketing strategy 4.8 3-5% Strong customers loyalty (6.0) (3-5%) Brand re-positioning Average 9.0 - Industry negative SSS growth 15

MINT’s New Food Concept Acquired 50% holding in Australian leading coffee Founded in 1989, Coffee Club is � Australia’s #1 coffee brand (by revenues ) with 180 outlets It owns the Coffee Club brand which � has been registered in 12 countries and operate under asset light franchise business model of 170 outlets Detail Transaction Healthy balance sheet with � Investment size A$ 23m + consistent outlet expansion of 25 outlets per annum >20% IRR Investment Return MINT’s 50% holding enable a right � Financial 50% of estimated of first refusal for the master implication >A$ 3.5m starting franchise to any market worldwide 2008 16

The Coffee Club Strategic benefits to MINT Size • Instantly increase outlets by 180 • Asset-light model with 90% franchised outlets Financial Implication Potential Expansion • Immediate earnings growth to MINT • Outlets to grow with The Coffee Club of 20-30 outlets • Investment IRR yields no per annum less than 20% • Eligibility for MINT to • Strong earnings upside with expand in Thailand and new expansion international together with its existing QSR Brand Equity Value • #1 coffee shop in Australia on revenue • Registered trademark >12 countries • Increased MINT’s international exposure 17

MINT’s QSR Business Looking Forward Key Issues Opportunity � Thailand � Thailand � SZ Recovery � Overall economy & � OEM contract for external Political movement customers/ Increase � International Business Factory Productivity � Global supply chain � International Business � Business (brand) model � SW New Business Model � China � Merger & Acquisition � China � SZ and Le Jazz performance � Successful TPC delivery � Franchised outlet expansion 18

Pratana Manomaiphiboon Chief Financial Officer, Minor International PLC Hotel & Residential Properties � MINT’s Financial Results � Year-end Anticipations � Capex & Cashflow Outlook � 19

The Estates Samui Official launch of luxury villa in Samui Exclusive and private � collection of 14 villas Located in a secluded cove � above a private beach, adjacent to Four Seasons Samui Resort 2-5 bedroom villas with � private infinity pool with large sundeck Average price US$ 3.5m per � unit with target selling 3-4 villas p.a. Freehold and leasehold � structures depend on the purchaser’s eligibility 20

MINT’s 2 nd Anantara in Maldives Acquired 23 years lease for new island in Maldives After the successful launch � of three hotels (Bodu Huraa, Anantara, and Naladhu) in South Male Atoll, MINT plan to open a second Anantara in Baa Atoll The newest location is under � 23 years lease contract with Maldives Tourism Development Corporation Location is amongst the up- � market international resorts 50-80 Pool Villa Anantara � Resort planned to open by mid-2009 21