SHR Opportunity Day For the year ended 2019 17 th March 2020 1 - PowerPoint PPT Presentation

SHR Opportunity Day For the year ended 2019 17 th March 2020 1

DISCLAIMER The information contained in this material has been prepared by S Hotels and Resorts Public Company Limited (“ SHR ” or “ S Hotels and Resorts ”) solely for information purpose and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for shares in S Hotels and Resorts . Some statements made in this material are forward ‐ looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves various risks and uncertainties. These include statements with respect to our corporate plans, strategies, and beliefs. The statements are based on our management’s assumptions and beliefs in light of the information currently available to us. These assumptions involve risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward ‐ looking statements. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the presentation. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of S Hotels and Resorts or any of its shareholders, directors, officers or employees or any of the Banks (and their shareholders, directors, officers or employees) or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation. None of S Hotels and Resorts nor any of its shareholders, directors, officers or employees accepts any liability (in negligence or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. Individual situations and local practices and standards may vary, so viewers and others utilizing information contained within a presentation are free to adopt differing standards and approaches as they see fit. Products and names mentioned in materials or presentations are the property of their respective owners and the mention of them does not constitute an endorsement by S Hotels and Resorts . The information contained in this presentation is only current as of the date its date. In giving this presentation, neither S Hotels and Resorts nor its respective advisers and/or agents undertake any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. The presentation should not be construed as legal, tax, investment or other advice. 2

Welcome to the world of 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 Overview  Business update  FY2019 performance  Projects under development 3

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Proven track record to grow footprint Apr 2015 Sep 2016 Mar 2018 Sep 2019 Jan 2020 Apr 2014  SHR acquired Project  Commencement of  6 grand deluxe pool villas  Sell 50%share  Acquired 2 Holiday Inn added to Santiburi Koh Crossroads Phase One operations for two investing in Island 3  Singha Estate hotels and 1 Mercure hotel 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 Beach Resort Jan 2017 May/Jun 2018  SHR trading on SET  Commenced land  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 Number of keys 227 3 878 4,647 2,889 274 376 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 Upper customers midscale 2014 67% 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. 5

SHR’s global hospitality portfolio 7 39 5 4,647 Total # of Total # Countries Brands Resorts / Hotels of Keys Phi Phi Island Village Outrigger Laguna 255 52 201 Outrigger Koh Samui Beach Resort Phuket Beach Resort 2,964 Beach Resort 96 151 Santiburi Koh Samui Outrigger Fiji SAii Lagoon Maldives, 198 253 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 Beach Resort Outrigger Konotta 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. 6 (1) Includes Self-Managed Hotels under franchise agreement(s).

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 26% 2019 Revenue 6 properties | 859 keys 3rd Party HMA 2 properties | 297 keys Self-Managed with Franchise Agreement 64% Hotel Management Platform Self-Managed with Franchise 10% Self-Managed 2 properties | 376 keys (To be launched in 2020-2021) 7

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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 Crossroads Phase Crossroads Phase Two Airport  The project comprises: Crossroads Phase One Island III  SAii Lagoon Maldives, Curio Collection by Hilton Hard Rock Hotel Maldives Maldives  Hard Rock Hotel Maldives  The Marina @ Crossroads SAii Lagoon Maldives, Curio SAii Lagoon Maldives, Curio  High-end lifestyle resort under development on Island III The Marina @ Crossroads Collection by Hilton  50-year lease expiring in February 2066, with option to extend for 49 years  Right of purchase and right of first refusal to acquire Project Crossroads Phase Two from Boon Rawd Brewery Group (BRBG) Hard Rock Hotel Maldives Hard Rock Hotel Maldives The Marina @ Crossroads SAii Lagoon Maldives, Curio Collection by Hilton  First hotel under SHR’s new “SAii” brand used  First upper upscale hotel in the  First integrated leisure and alongside the established Hilton brand name Maldives under the Hard Rock Brand entertainment island in the Maldives  198 upper upscale rooms (44 sqm to 240 sqm  178 rooms (46 sqm to 445 sqm per room) that offers wide variety of leisure per room) components to visitors 9

Hotels at Crossroads project 10

Shops at The Marina @ Crossroads Shop Spa Dine 11

Crossroads project update SAii and HRH occupancy rate rising since December 2019 Shops at The Marina @ Crossroads is on the right track Occupied no. of shop/kiosk 86% 85% 25 22 22 20 57% 18 65% 16 60% 37% 33% 34% 48% 9 9 8 8 31% 5 4 22% 21% Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 SAii HRH Kiosk (Total 13 units) Shop (Total 32 units))  The occupancy rate of SAii and HRH continuously ramp up since  The Marina @ Crossroads are occupied by 25 out of 32 shops and 9 hotel opened and wholesale channel starts utilizing the booking. out of 13 kiosks, and continuously increasing contributed by no. of  Potential consideration is slower booking pace caused by COVID-19 daily visitors from hotel guests, Male and other hotel visitors and visitors from cruise. outbreak. 12