MBK Public Company Limited Key Performance 2015 Disclaimer

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MBK Public Company Limited Key Performance 2015 Disclaimer MBK Public Company Limited Key performance 2015 Disclaimer . This presentation is made, furnished and distributed for information purposes only. Nothing in this release should be construed as either an offer to sell or the solicitation of and offer to buy or sell share in any jurisdiction. This presentation may include information which is forward-looking in nature. Forward-looking involve risks, uncertainties and other factors which may impact on the actual outcomes, include economic conditions in the markets in which MBK operates and general achievement of MBK business forecasts, which will cause the actual results, performance or achievements of MBK to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. Please be advised that this presentation may contain expectations and assumptions that are subject to change at any time. Results and future performance are not guaranteed and may differ from expectations. Agenda . Company overview . Operating Performance 2015 . Operating Performance by segment - Shopping Center Business - Hotel & Tourism Business Skywalk - Golf Business - Real Estate Business - Finance Business - Food Solution Business - Other Businesses . Financial Information 2015 Company Overview MBK Group Background : Established in 1974; relisted on the SET since 1994; changing its name to “MBK” in 2003 Paid-Up capital : 1,886.29 million Baht (1,886.2 million shares@ par 1 Baht) Market capital : 26,785 million Baht (14.2 Baht/share as of 30 December 2015) Dividend policy : Not less than the previous period* Major shareholder : Pathum Rice Mill and Granary Plc. (26.47%) Thanachart Group (19.9%) Credit rating : “A/Stable ” By TRIS Rating Co., Ltd. *Unless there are any unexpected situations History of MBK Group 1974 - 2000 2001 - 2010 2011 - Present 1974 - Established MBK Group 2002 - Tinidee Hotel @ Ranong 2011 - The Nine Center 1981 - Rice Business 2003 - Real Estate Business - Layana Hotel (Lanta 1985 - Mah Boon Krong - Sheraton Krabi Beach Island) Shopping Center Resort 2014 - A La Art (formerly 29 1996 - Pathumwan Princess - Loch Palm Golf Course Plaza) Hotel 2007 - Red Mountain Golf Course - HaHa - Apple Auto Auction - Life Insurance Business - Glas Haus Sukhumvit - Bangkok Golf Course 2010 - Paradise Park 2015 - Tokyu Department Store - Hire purchase (T Leasing) @ Paradise Park - Lending Business (MBK - Rebrand Sheraton Krabi Guarantee) Beach Resort to Dusit Group’s businesses - Riverdale Golf Course Thani Krabi Beach Resort - Glas Haus Ratchada 2001 - Royal Orchid Sheraton 2011 - Dusit Thani Maldives Hotel 2002 - Siam Piwat Group (Siam Paragon, Siam Center , Siam Discovery) companies companies Associated Associated MBK Group’s structure Shopping Center Hotel & Tourism Golf Real Estate Food Solution Finance Other MBK Center Patumwan Princess Loch Palm Golf Plan Estate Patum Rice Mill Hotel MBKMBK Guarantee-G Paradise Park Course (72.6%) (72.6%) (74.5%) (50%) Dusit Thani Krabi Beach 50% Resort Siam Piwat T Leasing (30.7%) Tinidee Hotel Red Mountain Golf Glas Haus Ratchada MBK Food Island @Ranaong Course (72.6%) (Quinn Condo) (74.5%) Siam Center TCAP Tinidee Golf Resort (10.2%) Siam Discovery @Phuket MBK Food and MBK Resort Entertainment Riverdale Golf Max Asset Apple Auto Siam Tower Layana Resort & (72.6%) (62.1%) Spa Hotel Course (16.6%) Auction Siam Paragon (50%) (15.4%) Dusit Thani MBK Realty Maldives (35%) Bangkok Golf (55%) MBK Food System SCI Life (41%) The Nine Center Course (49%) Royal Orchid Sheraton Glas Haus Sukhumvit Hotel (29.9%) MBK Restaurant Group Lam Luk Ka Golf (62.1%) Glas Haus Ratchada Dusit Thani Course (44.6%) Hotel (11.7%) Siam Delice (50%) As at 31 December 2015 Operating Performance 2015 Operating Performance – MBK Group For the three-month period ended 31 December 2015 (Unit : Million Baht) 2015 2014 Increase/decrease Operating Revenue 11,550 9,113 2,437 27% Operating Profit 1,961 1,411 550 39% Share of profit from investments in associates 226 316 (90) (28%) Other income 436 650 (214) (33%) Finance costs (487) (411) (76) (18%) Income Tax expense (374) (362) (12) (3%) Non - controlling interests of subsidiaries 53 (13) 66 508% Net profit - attributable to equity of the Company 1,815 1,591 224 14% Earning per shares (Baht) 1.36 1.19 0.17 14% Operating Revenue – MBK Group 14,000 YoY +27% 11,550 12,000 9,113 10,000 8,000 6,000 Million Million baht 4,000 2,000 - 2014 2015 Shopping Center Food solution Real Estate Hotel & Tourism Finance Golf Others EBIT – MBK Group 2500 YoY +39% 1,961 2000 1,411 1500 1000 Million Million baht 500 0 2014 2015 -500 Shopping Center Real Estate Finance Food solution Golf Hotel & Tourism Others Key Operations by Geographic Locations Bangkok and Surrounding areas Shopping Mall Krabi Province Hotel Bangkok Phuket Province Golf Hotel Krabi Phuket Hotel Golf Operating Performance by Segment Shopping Center Portfolio Lettable Shopping Avg. OR Location Ownership Area Storey MBK’s stake Center (%) * (Sq.m.) Leasehold Pathumwan MBK Center ended year 84,699 8 100.0% 90.3% Intersection 2033 Leasehold Paradise Park Srinakarin Road ended year 91,123 5 65.4% 95.2% 2023 The Nine Center Rama 9 Road Freehold 15,619 4 100.0% 95.3% Leasehold Ha Ha Srinakarin Road ended year 17,468 4 65.4% 42.3% 2037 *Average Occupancy Rate of year 2015 Office Building Portfolio Lettable Area Avg. OR Office Building Location Ownership (Sqm) (%) * Leasehold ended year MBK Tower Pathumwan Intersection 15,588 100.0% 2033 Leasehold ended year Glas Haus Sukhumvit Sukhumvit Road 12,999 98.7% 2030 Leasehold ended year Glas Haus Ratchada Ratchadapisek Road 7,509 100.0% 2024 The Nine Office Rama 9 Road Freehold 8,979 100.0% * Average Occupancy Rate of year 2015 Shopping Center Business Property MBK’s stake Total MBK's Net 367,109 211,596 Stake Shopping Center HaHa 17,468 MBK Center 100% MBK Center 84,699 The Nine Center 100% Siam Retail Area Paradise Park 65.4%* Paragon 116,000 Siam (Sq.m.) 23,200 HaHa 65.4%* Discovery Office Building Siam Center 19,000 MBK Tower 100% The Nine 15,619 Paradise 91,123 Glas Haus Sukhumvit 100% Park Glas Haus Ratchada 100% Total The Nine Office 100% 75,775 MBK's Net Stake 54,502 Siam Piwat Group MBK Tower 15,588 Office Building Area Siam Center 30.7% Glas Haus … 7,509 Siam Discovery 30.7% (Sq.m.) Glas Haus … 12,999 Siam Paragon 15.4% The Nine 8,979 Siam Discovery 30,700 * Including indirect investment through Siam Piwat (SPW) 15.4% Shopping Center Business- Average Occupancy Rate Avg. OR (%) * 2015 2014 2013 MBK Center (84,699 sq.m.) 90.3% 97.8% 98.9% Paradise Park (91,123 sq.m.) 95.2% 93.0% 93.0% The Nine Center (15,619 sq.m.) 95.3% 89.9% 90.8% HaHa (17,468 sq.m.) 42.3% 52.7% - Total Group 88.8% 92.7% 95.6% MBK Tower (15,588 sq.m.) 100.0% 100.0% 99.6% Glas Haus Sukhumvit (12,999 sq.m.) 98.7% 98.8% 84.3% The Nine office (8,979 sq.m.) 100.0% 100.0% 100.0% Glas Haus Ratchada (7,509 sq.m.) 100.0% 100.0% 100.0% Total Group 99.6% 99.7% 95.3% *Average Occupancy Rate Operating Revenue - Shopping Center Business 4,500 YoY +3% 3,895 4,004 4,000 3,500 3,000 2,500 2,000 Million Million Baht 1,500 1,000 500 - 2014 2015 MBK PDP THE NINE GLAS HAUS Others EBIT – Shopping Center Business 1,200 YoY +3% 924 897 1,000 800 600 400 Million Million Baht 200 - 2014 2015 (200) MBK PDP THE NINE GLAS HAUS Contribution of SPW MBK holds 30.7% stakes in SPW 300 247 250 221 200 164 150 121 121 121 100 Million Baht Million 50 0 2013 2014 2015 Profit Sharing Dividend Book Value : 1,669 Million Baht (equity method as of 31 December 2015) Hotel & Tourism Business Portfolio Room Operate/ MBK’s Hotel Location Capacity Ownership Acquire Stake (Keys) Pathumwan Princess Patumwan Intersection, Leasehold 455 1996 100% Hotel (PPB) Bangkok ended year 2033 Dusit Thani Krabi Beach Krabi 240 Freehold 2003 100% Resort (DTKR) Tinidee Hotel @ Ranong Ranong 136 Freehold 2002 100% (TNDR) Tinidee Hotel Inn (TNDI) Ranong 46 Freehold 2011 100% Layana Resort & Spa Koh Lanta, Krabi 51 Freehold 2011 100% (LAYANA) Loch Palm Golf Course, Tinidee Golf Resort @ 45 Freehold 2010 100% Phuket (TNDP) Phuket Dusit Thani Maldives Leasehold Maldives Island 95 2012 35% (DMS) ended year 2044 Royal Orchid Sheraton Bangkok 726 Freehold 2011 29.9% (ROH) Hotel & Tourism Business– Avg. OR% Average Occupancy Rate (%) 2015 2014 2013 Patumwan Princess Bangkok 81% 66% 80% Dusit Thani Krabi Beach Resort 73% 76% 72% Tinidee Hotel Ranong 53% 53% 59% Tinidee Inn Ranong 74% 73% 80% Layana Resort & Spa 61% 71% 70% Tinidee Hotel Phuket 67% 61% 49% Dusit Maldives 64% 66% 60% Royal Orchid Sheraton 71% 53% 69% Total Group 72% 61% 71% Operating Revenue- Hotel & Tourism Business 1,400 YoY +6% 1,189 1,200 1,123 1,000 800 600 Million Million Baht 400 200 - 2014 2015 PPB DTKR LAYANA TNDR &TNDI TNDP EBIT – Hotel & Tourism Business YoY +128% 80 23 60 40 (81) 20 - (20) (40) Million Million Baht (60) (80) (100) (120) PPB DTKR LAYANA TNDR &TNDI TNDP 2014 2015 Golf Business Portfolio Golf Course Location Capacity MBK’s stake Loch Palm Golf Course Kathu District, Phuket 18 Holes 72.6% (LPGC) Red Mountain Golf Course Kathu District, Phuket 18 Holes 72.6% (RMGC) Riverdale Golf Course Bang Kadi District, Pathum Thani 18 Holes 100.0% (RDGC) Lam Luk Ka Golf Course Lam Luk Ka District, Pathum Thani 36 Holes 44.6% (LLKGC) Bangkok Golf Club (BKGC) Bang Kadi District, Pathum Thani 18 Holes 100.0% 25 Golf Business – Number of Golfer Number of Golfers 2015 2014 2013 (Rounds) LPGC 28,582 31,017 34,208 RMGC 19,230 21,172 20,472 RDGC 47,012 47,373 50,505 LLKGC 61,383 64,240 65,150 BKGC 73,590 - - Operating Revenue – Golf
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