SHR Opportunity Day Q1/2020 1 June 2020 S Hotels & Resorts - PowerPoint PPT Presentation

SHR Opportunity Day Q1/2020 1 June 2020

S Hotels & Resorts The premier hotel investment and resort management company, creating unique travel experiences for our guests and value for our stakeholders Agenda ▪ SHR Company Overview ▪ Business Update ▪ Strategic Recovery Path for COVID-19 ▪ Q1/2020 Portfolio Performance ▪ Q1/2020 Financial Performance

SHR Company Overview

Proven track record to grow footprint Apr 2015 Sep 2016 Mar 2018 Sep 2019 Feb 2020 Apr 2014 ◼ SHR acquired Project ◼ Commencement of ◼ 6 grand deluxe pool villas ◼ Disposal of 50% share ◼ Acquired 2 Holiday Inn added to Santiburi Koh Crossroads Phase One operations for two investing in Island 3 hotels and 1 Mercure hotel ◼ Singha Estate from Singha Estate hotels in Maldives Samui Crossroads project acquired Santiburi through second JV with Koh Samui FICO UK Oct 2015 Nov 2014 ◼ Entered into equal JV with FICO UK to ◼ Acquired Phi Phi acquire UK portfolio Island Village of 26 hotels Nov 2019 Jan 2017 May/Jun 2018 Beach Resort ◼ Commenced land ◼ SHR trading on SET ◼ Santiburi Koh Samui reclamation, shoreline constructed 19 new grand protection, landscaping and reserve pool villas (new room construction of Project category) Crossroads Phase One (via ◼ Acquired 6 Outrigger hotels Singha Estate) 2014 2015 2016 - 2017 2018 2019 2020 4,647 Number of keys 3 878 376 227 2,889 274 Geographical coverage Upscale 4% Others 0.4% Luxury 2% Africa 2.8% Americas 8.5% Overall portfolio (1) Upper upscale Core assets (2) 27% Europe Asia-Pacific 38.0% 50.3% Target Positioning customers Upper midscale 2014 67% 2019 2019 Notes: (1) Overall portfolio includes all assets including UK assets. Breakdown by keys. (2) Core portfolio excludes UK assets, which are held through a 50% stake in our equal joint venture with FICO UK. Breakdown by customer nights. 4

SHR’s global hospitality portfolio 7 4,647 39 5 Total # of Total # Countries Brands Resorts / Hotels of Keys Phi Phi Island Village Outrigger Laguna 201 255 Outrigger Koh Samui 52 Beach Resort 2,964 Phuket Beach Resort Beach Resort 96 151 Santiburi Koh Samui Outrigger Fiji 198 253 SAii Lagoon Maldives, Beach Resort Curio Collection by Hilton 178 65 Hard Rock Hotel Maldives Castaway Island, Fiji Outrigger Hotels Self-Managed Hotels (1) UK Hotels Outrigger Mauritius 181 Outrigger Konotta Beach Resort Total # of keys Total # of Hotels 53 Maldives Resort Note: Core portfolio excludes Holiday Inn and Mercure hotels in the UK which are held through a 50% stake in our equal joint venture with FICO UK. (1) Includes Self-Managed Hotels under franchise agreement(s). 5

Our hospitality management platform : “Affordable luxury lifestyle resort” SHR is able to tap on both in-house, home-grown management platforms as well as access to strong brands via collaboration with reputable international operators. 3 rd Party Hotel Management Agreement Self-Managed 6 properties | 859 keys 2 properties | 297 keys Self-Managed with Franchise Agreement Hotel Management Platform 2 properties | 376 keys (To be launched in 2020-2021) 6

Business Update

Q1/2020 Key performance driver: Crossroads project Crossroads : World-class integrated development and the first of its kind in the region Destination highlights ▪ 1st integrated lifestyle destination in the Maldives ▪ Superb location : within 15 minutes by speed ferry from the Malé Velena International Airport Crossroads Phase Two ▪ The project comprises: ▪ Crossroads Phase One SAii Lagoon Maldives, Curio Collection by Hilton Island III ▪ Hard Rock Hotel Maldives Hard Rock Hotel Maldives ▪ The Marina @ Crossroads ▪ High-end lifestyle resort under development on Island III ▪ 50-year lease expiring in February 2066, with option to extend for 49 years SAii Lagoon Maldives, Curio The Marina @ Crossroads Collection by Hilton ▪ Right of purchase and right of first refusal to acquire Project Crossroads Phase Two from Boon Rawd Brewery Group (BRBG) Hard Rock Hotel Maldives The Marina @ Crossroads SAii Lagoon Maldives, Curio Collection by Hilton ▪ First hotel under SHR’s new “SAii” brand used alongside ▪ First upper upscale hotel in the Maldives under the ▪ First integrated leisure and entertainment island in the established Hilton brand name Hard Rock Brand the Maldives that offers wide variety of leisure ▪ 198 upper upscale rooms (44 sqm to 240 sqm per room) ▪ 178 rooms (46 sqm to 445 sqm per room) components to visitors with global brands HRC and CDM 8

Update on Crossroads project Island 3 Project Overview Disposal of shares and record of gain 100% USD 16.2 mil Wai Eco World Developer S Hotels and Resorts (SC) Pte. (“WEWD”) 50% of share 50% 50% in PLM3 Prime Locations Management 3 Ltd 100% Construction start 2020 Dream Islands Dream Islands Sublease Island 3 Opening date 2022 Development 3 Development 2 Private Private Limited Limited Project cost USD 56m-60m No of keys 80 villas (120 sqm to 320 sqm per room) Positioning High-end lifestyle resort On 17 February 2020, SHR(SC) transfers 50% of share in PLM3 to WEWD Est. ADR USD 900 – 1,000 No. of share transferred : 4,000,000 ordinary shares Contribution to SHR 50% share of profit from JV earning Consideration received : USD 16.2 m • • Acted as Asset management eligible for Gain on share disposal in Q1/20 : USD 10.4 m management fee to JV 9

Impact from COVID-19 pandemic • The temporary suspension on hotel operations from 1 April 2020 is reacting to the unfolding COVID-19 outbreak around the globe, following the lockdown measures implemented by many countries. • Some properties in UK that are still in operation in accordance with the government’s request to facilitate the government officers who are in duty to handle COVID-19 pandemic. COVID-19 current situation by country COVID-19 Case (1) Country National COVID-19 Status • Active case below hundred • Thailand Positive signal & Controllable situation • Single-digit daily new cases • Positive signal & Controllable situation • Active case = 3 Fiji • Potentially included in Trans-Tasman bubble (travel • No new case since 21 Apr 2020 arrangement between AUS and NZ) (2) • Active case = 0 • Mauritius Positive signal & Controllable situation • No new case since 27 Apr 2020 • Unlocking July expected • • Maldives June: Private jet and Charter flight Cases isolated in Male only • July: Commercial flight • • UK Still in challenging situation Decreasing trend of # of new case (1) Source: https://www.worldometers.info/coronavirus/ as of 25 May 2020 (2) TVNZ. (2020, May 21). Fiji could join trans-Tasman bubble with Australia, NZ 10

Strategic Recovery Path for COVID-19

Recovery sign for hospitality industry Chinese confidence in travel grows McKinsey survey on Chinese travelers (1) ▪ 56% of Chinese travelers planning the trip between September and October (National Day holiday). ▪ 25% are looking at international destination . 22% are choosing destination ▪ Outdoor, nature-related, food and family-themed destinations will be more popular ▪ Economy travel will recover more quickly TAT plans to boost domestic demand “Domestic” and “Leisure” are expected to recover faster ▪ The outlook for domestic trips was projected at 100 million , with total revenue of 1.23 trillion baht. (3) World Tourism Organization (UNWTO) Panel of Experts survey (2) ▪ Re-boosting domestic tourism by offering 40-50% discount on hotel • Domestic demand is expected to recover faster than room rates. (4) international demand. The majority expects to see signs of ▪ International demand is expected to recover in October 2020 . (3) recovery by the final quarter of 2020 but mostly in 2021. • Amazing Thailand Safety & Health Administration (SHA) certification • Leisure travel is expected to recover quicker, than business is introduced to increase confidence among international and domestic travel tourists (5) (1) McKinsey. (2020, May 14). Hitting the road again: How Chinese travelers are thinking about their first trip after COVID-19. (2) UNWTO. (2020, May 8). International Tourist Numbers Could Fall 60-80% in 2020. (3) Bangkokbiznews. (2020, May 19). TAT 'trusted' rebranding curates market. (4) Bangkokpost. (2020, May 25). NESDC plan to re-boost domestic tourism. (5) TAT. (2020, April 20). TAT introduces “Amazing Thailand Safety and Health Administration: SHA” certification 12