CENTRAL PLAZA HOTEL PCL.

March 1, 2016 Company Background

Hotel Business

Food Business

Financial Highlight & Outlook

2 COMPANY BACKGROUND

3 & CENTEL OVERVIEWS

Central Group Business Unit Equity market information Symbol: CENTEL

Sector: Tourism

Div Policy: 60% Tos Chirathivat Group CEO CENTEL Price: Bt39.75 (as of 04/03/16)

Market Cap: Bt53,663mn

CENTEL’S Shareholders @Dec 31, 15 “Chirathivat” family 66% Yuwadee Pascal Suthisarn Worawoot Preecha Edwin Yap Thirayuth Thiradej Chirathivat Billaud Chirathivat Ounjai Ekkunagul Hawson Chirathivat Chirathivat CEO CEO CEO CEO CEO CEO CEO CEO Local investors 20% Foreign investors 14%

4 MILESTONES

Capital increase of Baht 450 Listed in Capital million CENTEL’sThe StockMILESTONE increase Exchange of Baht Par splited

Corporate of 500 from Baht 5 (SET) million to Baht 1 Terminated Terminated Café Beard Papa’s Acquired Andonand “Ootoya” Terminated home and Bought 5 cooking usiness introduced Authorized Franchisee Baskin Robbins new brands style bb Introduced Introduced Introduced “Mister franchisee of Auntie Pepper and introduced into Japanese “Tenya” into “katsuya” into Donut” of KFC Anne’s Lunch Beard Papa’s portfolios

Food portfolio portfolio

1978 1983 1984 1990 1991 1998 2006 2007 2008 2009 2010 2011 2012 2013 2014

1st hotel, Rebranding Centara Centara Opening Step up Centara Step up “Centara hotel brand Grand at Grand Mirage Centara acquisition of Maldives acquisition of Grand at from Central Beach Resort, Grand • Centara (24‐Mar) Centara ness ii Central “Central” to World Pattaya Phuket Karon, Kata Ladprao “Centara” (Feb) (7‐Oct) bus Bangkok” Launched Opening the • Centara Property 1st oversea Maldives

Hotel Fund JVs in (Mar) (Centara Maldives • Centara GGarand “Centara Grand Samui) Grand Resort Maldives & Spa, (Dec) Maldives” 5 BUSINESS CONTRIBUTION 2015

Total Revenue and Profit by Segment Total Revenue by Geography Hotel Food Overseas

30% 31% 9% 53%

70% 69% 47% Thailand

91% Total EBITDA NPAT Revenue*

* Excluded equity gain (loss) from property fund, amortization of deferred rental income 6 HOTEL BUSINESS

7 BRANDS & KEY STRATEGY

2 Key Strategies Key Brands

Traditional Independent Extended  Brands Focusing on expansion of portfolios through hotel Lodging Travelers Stay management business Grand Asset Design Light Strategy Exclusively Yours AtAsset Rig ht Strategy Designed & Focused

Value Proposition  Investing in property (100% equity or JVs) using internal cash flow and leverage, subject to internal guideline Economy Brand 8 HOTEL PORTFOLIOS AS AT 31 DEC 15

Hotels in Owned Property Managed Total % operation hotels Fund hotels Middle East CHN Thailand 3,358 202 3,499 7,059 91% 3 hotel 3 hotel

Overseas 252 ‐ 409 661 9% THA VNM 43 hotels 4 hotel TtlTotal Rooms 3,610 202 3,908 7,720 100% LAOS Srilanka 1 hotel Total Hotels 14 1 25 40 1 hotels Maldives IND Hotels in Owned Property Managed 2 hotels Total % 4 hotels pipeline hotels Fund hotels Total Portfolio: 62 hotels with 12,899 rooms Thailand 451* ‐ 1,373 1,824 35%

Overseas 300** ‐ 3,055 3,355 65% Hotels in pipeline by number of rooms*** Overseas Thailand # of hotels TtlTotal Rooms 751 ‐ 4,428 5,179 100% 4,500 13 20

5 10 Total Hotels 4 ‐ 18 22 3,500 2 2

0 Total Owned Property Managed 2,500

Total % ‐10 portfolio hotels Fund hotels 2,595 1,500 ‐20 Thailand 3,809 202 4,872 8,883 69% 514 200 46 500 ‐30 536 301 737 250 Overseas 552 ‐ 3,464 4,016 31% ‐40 -500 2016F 2017F 2018F 2019F TlTotal Rooms 4,361 202 8,336 12,899 100% Remark: Overseas include , Laos, Maldives, Sri Lanka, Total Hotels 18 1 43 62 Doha, Oman, Cuba and *2 COSI hotels, **2 New Maldives projects *** including contracts on hands only 9 FEEDER MARKET 2014 vs. 2015

CENTARA’s Guests by room nights

36% 37%

31% nights 27% m roo

total

17% f oo

15% % 10% 9%

3% 4% 3% 3% 2% 3%

Asia AUS EU Middle East THA USA Others

10 HOTEL PERFORMANCE SNAPSHOT

OCC (%) 2013A* 2014A 2015A NbNumber of rooms TtlTotal R**Revenue** (Btm) Bangkok 77.5% 61.6% 81.3% Owned + JVs Hotels Total Revenue Upcountry 80.3% 78.9% 79.6% Managed Hotels +9% 9,041 Maldiv es 90.6% 86.2% +1% 84.8% 8,274 8,316 Average 79.8% 74.8% 80.5% 4,078 4,773 3,908 ARR (Bt) 2013A* 2014A 2015A 3,812 3,812 3,812 Bangkok 3,097 3,112 3,248 2013 2014 2015 2013 2014 2015 Upcountry 3,886 3,987 4,017 Maldives 15,376 17,455 19,133 EBITDA (Btm) EBITDA Margin Average 4,370 4,855 4,809 32.6% RevPar 2013A* 2014A 2015A (()Bt) +12% 31.7% +2% 2,946 31.4% Bangkok 2,401 1,917 2,642 2,597 2,636 Upcountry 3,122 3,146 3,197 Maldives 13,040 15,814 16,495 Average 3,486 3,632 3,872 2013 2014 2015 2013 2014 2015

Noted: *Included Maldives since 2013 Noted: **Excluded extra items and deferred rental income from PFPO 11 CENTARA vs. MARKET PERFORMANCE

Tourist Arrivals CENTEL - OCC Industry - OCC

80% 81% 100% 60.0 70% 75%

50.0 50% 61% 65% 56% 62%

40.0 0% +20% +9% 30.0 +18% ‐6% ‐50% +17%

20.0 ‐100% 29.9 32.5 26.5 24.8 10.0 22.4 ‐150%

0.0 ‐200% 2012A 2013A 2014A 2015A 2016E*

Source: BOT * Source: National Economics and Social Development Board ‐ NESDB 12 REVENUE CONTRIBUTION BY LOCATION

Revenue 2014 2015

30%

19% 26% 16% 21% 13% 16% 14% 7% 7% 6% 2% 8% 7% 6% 3%

Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Others

FY15 Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Hat Yai Tak Total # Hotels 2 2 41 1211115 # Rooms 1,077 252 827 555 249 302 192 245 113 3,812 % of Total 28.3% 6.6% 21.7% 14.6% 6.5% 7.9% 5.0% 6.4% 3.0% 100% Rooms RPRevPar 37.8% 4.3% ‐2.2% ‐0.9% 5.4% 5.2% 6.3% 9.6% ‐0.2% 6.6% Growth 13 FOOD BUSINESS

14 BRANDS AND KEY STRATEGY

10 Brands 1 Brand Establishment Key Strategy (Franchise Agreements) (In House)

 Joint venture with partner 1978 Joint Venture 1984

1988

Acquisition 2007

2010 Owned‐Outlet  Acquisition Expansion 2011

 Existing brands expansion 2013 across Thailand All expansion plans are expected to be supported by 2014 internal cash flows and debt. 15 PORTFOLIOS AS AT 31 DECEMBER,2015

Brands # Outlets KFC 207 6.8% in 12.4% in 318 the North Northeast Auntie Anne’s 129 36% Ootoya 47 59.3% Pepper Lunch 15 in CtlCentral 3.3% in Cold Stone 16 the West Ryu Shabu 1 9.9% in The Terrace 15 the East Outlets and Revenue Contribution: Chabuton 16 36% of total outlets and revenue Yoshinoya17 are from Bangkok (excl. greater Bkk)Bangkok) Tenya 4 8.3% in Katsuya 7 the South Total 792

16 FOOD PERFORMANCE SNAPSHOT

SSS TSS Number of Outlets +1% +5%

9.7% 9.3% 781 792 743 0.9% 1.4% 2.0% ‐0.7% 2013 2014 2015 2013 2014 2015

Total Revenue (Btmn) +2% EBITDA (Btmn) EBITDA Margin

+9% 2,000 14%

10,175 13.1% 12.4% 12% 9,967 9.4% +35%10% 8%

9,183 1,000 1,199 ‐22% 1,263 6%

937 4%

2%

0 0%

2013 2014 2015 2013 2014 2015 17 REVENUE CONTRIBUTION BY BRANDS

FY14 FY15 54% 55%

19% 19% 9% 8% 7% 7% 9% 9% 2% 2%

KFC MD OOTOYA AA Other Heavy Food Other Light Food

Other heavy Other light FY15 KFC Mister Donut Auntie Anne’s Ootoya Total food* food** #Outlets 207 318 129 47 75 16 792 % of total 26% 40% 16% 6% 10% 2% 100% outlets YoY growth 20%2.0% ‐19%1.9% 32%3.2% ‐ 10% 14% 1% (#outlet) *Other heavy food included Pepper Lunch, Chabuton, Ryu, The Terrace, , Tenya and Katsuya **Other light food included Cold Stone and Beard papa’s (terminated in 3Q14) 18 Financial Highlight and Outlook

19 DEBT PROFILE AS AT DECEMBER 31, 2015

Loan breakdown by type Bt8,699mn Interest Bearing Debt with Average Cost of Debt at 4.1% LT debt, 4,102MB , 47% Loan breakdown by type

Unit: Btmn 4,999

3,159 Floating rate, 4,231MB , 49%

463 71 6 USD loans, O/D ST/L Debentures LT/L Finance 23% Lease Liabilities Baht loan, 77% 20 GUIDANCE 2016

Hotel FY15A FY16F Food FY15A FY16F Occupancy 81% 81% SSS ‐1% 1% RevPar 7% 6% TSS 2% 5% Revenue from operation 7% 6% Outlet Expansion 1% 4%

Key Factors Key Factors

Market Demand Key ARR’s drivers 4 Key brands Cost Control Sustain Growth •KFC, Mister •Continued •Bangkok’s property in •Number of tourist Donut, Auntie focusing on particular Centara arrivals continue to Ann’s and cost control Grand at Central grow by 9% in 2016, Ootoya and maintain World based on NESDB’s EBITDA margin •Centara Grand forecast at least 12.5% Maldives –post renovation

21 DEVELOPMENT HIGHLIGHT

. 77,,720720 rooms (40(40 hotels) . 792 outlets of 12 brands . 55,,726726 rooms ((3232 hotels) . 512 outlets of 8 brands . 1515,,000000 rooms (>(>5050 hotels) . >>11,,000000 outlets

22 THANK YOU

23