MINTs Investor Day Pratana Manomaiphiboon, CFO The Stock Exchange - PDF document

1 MINT’s Investor Day Pratana Manomaiphiboon, CFO The Stock Exchange of Thailand 6 th March 2007

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 MINT’s Investor Day 2 6 th March 2007 The Stock Exchange of Thailand

Today’s Agenda Major Developments in 2006 � Business & Industry Update � Financial Issues � What’s Next? � MINT’s Investor Day 3 6 th March 2007 The Stock Exchange of Thailand

Prapharat Tangkawattana Senior Finance Director Minor International PLC. MINT’s Investor Day 4 6 th March 2007 The Stock Exchange of Thailand

The “New” MINT Major Transitional Events in 2006 � Food outlets reached 630 � Full-year QSR in China � Strategic Partnership with S&P � Opened 5 new hotels � Signed 5 new hotel management contracts � Joined SET-50 Index MINT’s Investor Day 5 6 th March 2007 The Stock Exchange of Thailand

Key Milestones 2006 Sales Revenues up 19% y-y Market Cap = Bt34 bn Paid-up share =2,958m 2005 Food Outlets = 631 Market Cap = Bt17 bn Hotels = 13 Paid-up share = 2,734m Spa = 24 Food Outlets = 558 Hotels = 10 Spa = 20 MINT’s Investor Day 6 6 th March 2007 The Stock Exchange of Thailand

Food Outlets Reached 630 in 2006 h t w o r g y - y % 3 1 100 Franchise 76 531 482 Equity (No of Outlets) 2005 2006 07/03/50 MINT’s Investor Day 7 6 th March 2007 The Stock Exchange of Thailand

Food Outlets Reached 630 (Dec 2006) Owned Equity Franchise Total 143 45 188 109 53 162 37 - 37 189 - 189 16 - 16 16 2 18 21 - 21 Total 531 100 631 MINT’s Investor Day 8 6 th March 2007 The Stock Exchange of Thailand

Full-year QSR in China � MINT’s restaurants in China reached 33 outlets compared to 17 outlets in 2005 � China QSR include 9 The Pizza Company, 7 Sizzler, and 18 Le Jazz � Revenues in 2006 reported at Bt 466m increased nearly 80% y-y � Net profit still in negative due to the significant cost of the starting up of business MINT’s Investor Day 9 6 th March 2007 The Stock Exchange of Thailand

The Long-term Strategic Partnership with S&P Business: Operates 230 restaurant Business: Operates over 630 food under brands S&P, Blue Cup, Vanilla outlets under brand The Pizza Industry, Golden Dragon, Grand Company, Swensen’s, Sizzler, Dairy Seaside in Thailand and Patara, Siam Queen, Berger King, Le Jazz in Kitchen, Thai, and Patio internationally. Thailand, China, Middle East and SEA Positioning: The leader in restaurant & Positioning: The largest Thai QSR in and bakery businesses in Thailand with Thailand with highest market share in successful Thai restaurants overseas most of its brand categories 2006 Financials: 2006 Financials: Total Assets: Bt2,398m Total Assets = Bt 6,622m Revenues = Bt3,700m Revenues = Bt6,528m Net Profit = Bt227m Net Profit = Bt 384m MINT’s Investor Day 10 6 th March 2007 The Stock Exchange of Thailand

Opened 5 New Hotels Maldives Maldives Anantara Anantara Naladhu* * Naladhu Bodu Huraa Huraa Bodu Thailand Thailand Four Seasons Four Seasons Samui* * Samui Four Season Four Season Tented Camp Tented Camp MINT’s Investor Day 11 6 th March 2007 The Stock Exchange of Thailand *Just opened in Feb-07

Signed 5 New Hotel Management Contracts I ndonesia, Bali I ndonesia, Bali United Arab Emirates, Dubai United Arab Emirates, Dubai Anantara Seminyak Anantara Seminyak Anantara Anantara Jumeirah Lake Jumeirah Lake Vietnam Vietnam 5 Luxury hotels 5 Luxury hotels Anantara Anantara Hoi An Hoi An Palm Jumeirah Jumeirah Palm MINT’s Investor Day 12 6 th March 2007 The Stock Exchange of Thailand

MINT Joined SET-50 in June 2006 (Bt million) MINT's Market Cap SET Market Cap (Bt billion) 40,000 6,000 35,000 30,000 4,500 25,000 20,000 3,000 15,000 10,000 1,500 5,000 0 0 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 MINT’s Investor Day 13 6 th March 2007 The Stock Exchange of Thailand

Pratana Manomaiphiboon Chief Financial Officer Minor International PLC. MINT’s Investor Day 14 6 th March 2007 The Stock Exchange of Thailand

Business & Industry Update Food � Thai restaurant industry in 2006 � MINT’s Quick Service Restaurant business performance Hospitality & Residential � Thai tourism industry � Hospitality & residential business � Real estate & development strategies MINT’s Investor Day 15 6 th March 2007 The Stock Exchange of Thailand

Western Casual Dining Chain Restaurants in Thailand 2005: Bt18,900bn 2006E: Bt21,110bn Other Other Chicken Chicken 21% 21% 33% 33% Ice Cream Ice Cream 12% 13% Up 12% y-y Hamburger Pizza Pizza Hamburger 13% 20% 20% 14% MINT’s MKT Share 31% MINT’s MKT Share 34% Source: Ministry of Commerce and MFG Note: Sizzler shares 37% of other segment or c. 5.6% of total market MINT’s Investor Day 16 6 th March 2007 The Stock Exchange of Thailand

Thai QSR Market � According to AC Neilson, Thai customers visit QSR 2.7 times per weeks � Annual customers visit estimated at 3 billion times – calculations based on aged 15-54 population of 22 millions � By segmentation, heavy food accounts c.70% while light food accounts c. 30% � Dine-in preferred most with 66% market share followed by take-away at 27% and delivery at 7% MINT’s Investor Day 17 6 th March 2007 The Stock Exchange of Thailand

Ranking of Thai QSR Brand Equity Index Heavy Food Light Food KFC Fried Chicken Swensen’s � � MK S&P Bakery � � The Pizza Company KFC Soft Serve � � Pizza Hut Dairy Queen � � McDonald Fried Chicken Mister Donut � � Note: Ac Neilson’s Brand 2006 Equity Index based on 1) Customers’ preference and brand awareness; 2) The competitive pricing; 3) The recommended brand MINT’s Investor Day 18 6 th March 2007 The Stock Exchange of Thailand

MINT’s QSR Performance 2006 Brand SSS (%) TSS (%) 8.2 20.9 14.5 30.6 8.1 22.8 6.8 14.4 4.8 25.5 -6.0 54.3 Average 9.0 23.5 MINT’s Investor Day 19 6 th March 2007 The Stock Exchange of Thailand

Thai Tourism & Hotel Industry � International tourists arrival in Thailand reported 13.8 million in 2006 – increased 20% y-y � January tourists rose 2% despite the New Year bomb blast � Country-wide occupancy rate rose to 63% in 2006 compared to 61% in 2005 � Country-wide average room rate reported at Bt 1,370 in 2006 – increased by 7% � MINT’s system-wide occupancy and average room rate is superior to the industry giving its upscale positioning and strong marketing network MINT’s Investor Day 20 6 th March 2007 The Stock Exchange of Thailand

Thai Tourism Industry Number of International Tourist Arrivals London Bomb (million persons) Bangkok Egypt Bomb Bomb 18 Coup SARS Bird Flu 16 14.8 outbreak Tsunami 13.7 14 Bali Bomb 911 Financial 11.7 11.5 12 10.8 Crisis 10.1 10.0 9.5 10 8.6 7.8 7.2 8 6 4 2 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007F Source: Bank of Thailand, Tourism Authority of Thailand MINT’s Investor Day 21 6 th March 2007 The Stock Exchange of Thailand