CENTRAL PLAZA HOTEL PCL.

5 July, 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: Bt38.75 (as of 12/05/16)

Market Cap: Bt52,313mn

CENTEL’S Shareholders @Mar 31, 16 “Chirathivat” family 65% Yuwadee Pascal Suthisarn Worawoot Preecha Edwin Yap Thirayuth Thiradej Phillippe Chirathivat Billaud Chirathivat Ounjai Ekkunagul Hawson Chirathivat Chirathivat Broianigo Local investors CEO CEO CEO CEO CEO CEO CEO CEO CEO 20% Foreign investors 15% 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 introduced Authorized Franchisee Introduced Baskin Robbins new brands style 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 portfolio portfolio Food business Food

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 Central “Central” to World Pattaya Phuket Karon, Kata Ladprao “Centara” (Feb) (7-Oct) Bangkok” Launched Opening the • Centara Property 1st oversea Maldives

Hotel business Hotel Fund JVs in (Mar) (Centara Maldives • Centara Grand “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

Brands Traditional Independent Extended ∑ Focusing on expansion of portfolios through hotel Lodging Travelers Stay management business Grand Asset Design Light Strategy Exclusively Yours Asset Right 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 1 JULY 16

Hotels in Owned Property Managed % (by Total operation hotels Fund hotels rooms) Total Portfolios: 57 hotels with 12,324 rooms 3,358 202 3,223 6,783 Thailand 92% (12) (1) (19) (32) CHN 252 373 625 Middle East 1 hotelCHN Overseas - 8% 4 hotels (2) (3) (5) 3 hotels Total Rooms 3,610 202 3,596 7,408 THA VNM 100% (Hotels) (14) (1) (22) (37) CUBA 40 hotels 3 hotels 1 hotel Hotels in Owned Property Managed % (by LAOS Total Srilanka 1 hotel pipeline hotels Fund Hotels rooms) 1 hotel Maldive IND Maldivess 2 INDOhotels 451* 1,120 1,571 2 hotels Thailand - 32% 52 hotels hotels (2) (6) (8) 3,345 3,345 Overseas -- 68% (12) (12) 20 Hotels in pipeline by target opening year*** Total Rooms 451 4,465 4,916 - 100% (Hotels) (2) (18) (20) Overseas Thailand # of hotels 4,500 10 20 Total Owned Property Managed % (by Total 4 2 4 10 portfolios hotels Fund hotels rooms) 3,500

0 3,809 202 4,343 8,354 2,500 Thailand 68% -10 (14) (1) (25) (40) 1,500 2,495 46 -20 252 3,718 3,970 514 290 Overseas - 32% 500 730 -30 (2) (15) (17) 254 150 437 -500 -40 Total Rooms 4,061 202 8,061 12,324 2016F 2017F 2018F 2019F 100% (Hotels) (16) (1) (40) (57) Remark: Overseas include , Laos, Maldives, Sri Lanka, Doha, Oman, Cuba and 99 *2 COSI hotels, *** incl. contracts on hand only FEEDER MARKET FY15 and 1Q16

CENTARA’s Guests by room nights

FY14 FY15 1Q15 1Q16

36% 37% 39% 36% 31% 40% 27% 34%

15% 17% 9% 12% 10% 3% 3% 3% 5% 12% 3% 3% 2% 3% 2% 4% 6% 3% 2% 3%

Asia AUS EU Middle THA USA Others Asia AUS EU Middle THA USA Others East East

10 HOTEL PERFORMANCE SNAPSHOT

OCC (%) 2014A 2015A Chg 1Q15 1Q16 Chg Number of rooms Total Revenue** (Btm) Bangkok 61.6% 81.3% 19.7% 85.0% 85.0% - Managed Hotels Total Revenue Upcountry 78.9% 79.6% 0.7% 84.9% 88.0% 3.1% Owned + JVs Hotels +9% Maldives 90.6% 86.2% -4.4% 89.8% 85.3% -4.5% 8,316 9,046 Average 74.8% 80.5% 5.7% 85.3% 87.0% 1.7% +3% 4,773 3,908 3,993 3,938 2,719 2,803 ARR (Bt) 2014A 2015A % Chg 1Q15 1Q16 % Chg 3,812 3,812 3,812 3,812 Bangkok 3,112 3,248 4.4% 3,148 3,411 8.3% Upcountry 3,987 4,017 0.7% 5,199 5,056 -2.8% FY14 FY15 1Q15 1Q16 FY14 FY15 1Q15 1Q16 Maldives 17,455 19,133 9.6% 21,931 24,587 12.1% EBITDA (Btm) EBITDA Margin Average 4,855 4,809 -1.0% 5,782 5,870 1.5% +12% RevPar(Bt) 2014A 2015A % Chg 1Q15 1Q16 % Chg 43.7% 41.7% Bangkok 1,917 2,642 37.8% 2,677 2,898 8.2% 2,636 2,951 31.7% 32.6% Upcountry 3,146 3,197 1.6% 4,416 4,448 0.7% 1,187 -2%

Maldives 15,814 16,495 4.3% 19,687 20,982 6.6% 1,168 Average 3,632 3,872 6.6% 4,932 5,104 3.5% FY14 FY15 1Q15 1Q16 FY14 FY15 1Q15 1Q16

Noted: **Excluded extra items and deferred rental income from PFPO 11 Noted: Performance of owned hotels CENTARA vs. MARKET PERFORMANCE

Tourist Arrivals CENTEL - OCC (Thailand) Industry - OCC

87% 85% 100% 60.0 74% 80%

50.0 68% 70% 50% 56% 62%

40.0 0% +20%

30.0 -50%

20.0 -100% 29.9 24.8 +15% 10.0 -150% 7.8 9.0 0.0 -200% FY14 FY15 1Q15 1Q16

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

Revenue FY14 FY15 Revenue 1Q15 1Q16

26% 30% 26% 21% 17% 26% 19% 19% 16% 18% 12% 21% 13% 16% 13% 8% 7% 7% 14% 7% 7% 6% 2% 8% 2% 8% 7% 6% 3% 7% 7% 2%

Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Others Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Others

Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Hat Yai Tak Total # 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 %RevPar Growth 37.8% 4.3% -2.2% -0.9% 5.4% 5.2% 6.3% 9.6% -0.2% 6.6% (FY15) – Y-o-Y %RevPar Growth 8.2% 6.6% -3.7% -3.6% 3.4% 6.0% 11.6% 5.4% 21.3% 3.5% (1Q16) – Y-o-Y 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

Owned-Outlet 2010 Expansion ∑ Acquisition 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 MARCH, 2016

Bangkok Contribution Brands # Outlets 7% in 12% in KFC 207 the North Northeast By Location By Revenue 319 Auntie Anne’s 129 Ootoya 47 60% in Central Pepper Lunch 17 3% in 37% 35% the West Cold Stone 17 The Terrace 15 10% in the East Chabuton 17 Outlets and Revenue Contribution: 18 37% of total outlets and 35% of Tenya 4 total food revenue are from 8% in Katsuya 10 Bangkok the South Total 800

16 FOOD PERFORMANCE SNAPSHOT

SSS TSS Number of Outlets 9.3% +3% +1% 5.6% 3.2% 2.0% 800 1.4% 0.6% 792 781 777 -0.7% -0.1% FY14 FY15 1Q15 1Q16 FY14 FY15 1Q15 1Q16

Total Revenue (Btmn) EBITDA (Btmn) EBITDA Margin

+2% 2,000 12.4% 12.2% 14% 9,967 10,170 11.6%12% 9.4% +34% 10% 8%

+3% 1,000 1,258 6%

937 -2% 4% 2,426 2,503 297 291 2%

0 0%

FY14 FY15 1Q15 1Q16 FY14 FY15 1Q15 1Q16 17 REVENUE CONTRIBUTION BY BRANDS

FY14 FY15 1Q15 1Q16 55% 55%

54% 55%

19% 18% 10% 8% 7% 9% 8% 8% 19% 18% 2% 9% 7% 9% 2% 2% 9% 7% 8% 3%

KFC MD OOTOYA AA Other Other KFC MD OOTOYA AA Other Other Heavy Light Heavy Light Food Food Food Food

FY15 KFC Mister Donut Auntie Anne’s Ootoya Other heavy food* Other light food** Total #Outlets (FY15) 207 318 129 47 75 16 792

Y-o-Y growth (#outlet) 2.0% -1.9% 3.2% - 10% 14% 1%

#Outlets (1Q16) 207 319 129 47 81 17 800

Y-o-Y growth (#outlet) 2.5% -1.2% 2.4% 2.2% 20.9% 30.8% 3.0%

*Other heavy food include Pepper Lunch, Chabuton, The Terrace, Yoshinoya, Tenya, Katsuya and Ryu (terminated 1Q16) 18 **Other light food include Cold Stone. Financial Highlight and Outlook

19 DEBT PROFILE AS AT 31 March, 2016 Bt8,311mn Interest Bearing Debt with Loan breakdown by type Average Cost of Debt at 3.9%

Loan breakdown by type LT debt, 4,667MB , Unit: Btmn 4,999.0 56%

2,913.5 Floating rate, 4,108MB , 49% 396.5 2.0

O/D and ST/L Debentures LT/L Finance Lease USD Liabilities loans, 22% Key financial ratios FY15 1Q16 Net Debt*/Equity 1.16 0.99 Baht loan, IBD/Equity 0.87 0.77 78% 20 *excl. amortised deferred income from property fund GUIDANCE 2016

Hotel FY15A FY16F Food FY15A FY16F Occupancy 81% 81% -82% SSS -1% Flat RevPar 7% 4% - 5% TSS 2% 4% Revenue from operation 7% 4% - 5% Outlet Expansion 1% 4%

Key Factors Key Factors

Key drivers Key Challenges Key Drivers Key Challenges

• Top 3 brands •Slim economic •Bangkok Hotels in •High Competition in KFC, Mister growth and particular Centara Pattaya and Phuket Donut, Auntie weak domestic Grand at Central due to changes in Ann’s consumption World guest mix • Continued efforts •Centara Grand on cost control Maldives – post renovation

21 DEVELOPMENT HIGHLIGHT

° 7,720 rooms (40 hotels) ° 792 outlets of 12 brands ° 5,726 rooms (32 hotels) ° 512 outlets of 8 brands ° 15,000 rooms (>70 hotels) ° >1,000 outlets

22 THANK YOU

23 HOTEL IN OPERATION AS AT 1 JULY 2016 (1/2) Asset types # Properties #Rms Total 37 hotels in operation as at 1 July 2016 with 7,408 rooms (including 15 owned Owned & JV hotels 15 3,812 hotels and 22 hotels under management contract ). Managed hotels 22 3,596 List of 15 owned & JV hotels ( 3,812 rooms) Grand total 37 7,408 Hotel Name #Rms Country Hotel Name #Rms Country Owned Hotels Owned Hotels (continued) 1 Centara Grand at CentralWorld 512 Thailand 9 Centara Mae Sot Hill Resort 113 Thailand 10 Centara Hat Yai 245 Thailand 2 Centara Grand at Central Plaza 565 Thailand Ladprao Bangkok 11 Centara Villas Samui 100 Thailand Centara Grand Resort & Villas 3 249 Thailand 12 Centara Grand Island Resort 112 Maldives Hua Hin & Spa Maldives Centara Grand Beach Resort 4 262 Thailand 13 Centara Ras Fushi Resort & 140 Maldives Phuket Spa Maldives 5 Centara Grand Beach Resort & 192 Thailand Thailand Villas Krabi 14 Centara Kata Resort Phuket 158

6 Centara Grand Mirage Beach 555 Thailand Property Fund Hotel Resort Pattaya 15 Centara Grand Beach 202 Thailand 7 Centara Villas Phuket 72 Thailand Resort Samui 8 Centara Karon Resort Phuket 335 Thailand 24 Hotels in Operation as at 1 May 16 (2/2) HOTEL IN OPERATION AS AT 1 JULY 2016 (2/2)

List of 22 hotels under management contract ( 3,596 rooms)

Hotel Name #Rms Country Hotel Name #Rms Country Managed Hotels 27 Centara Koh Chang Tropicana Resort 157 THA

16 Khum Phaya Resort, Centara 87 THA Centra Government Complex Hotel Boutique Collection 28 & Convention Centre Chang 204 THA Wattana 17 Centara Hotel & Convention Centre 259 THA Thani 29 Centra Coconut Beach Resort Samui 55 THA Centara Chaan Talay Resort & Villas 18 44 THA 30 Centara Watergate Hotel & Spa 281 THA Trat Bangkok 19 Centara Q Resort Rayong 42 THA 31 Centara Seaview Resort Khao Lak 230 THA 20 Centara Anda Dhevi Resort & Spa 135 THA Krabi 32 Centra Central Station Bangkok 150 THA 21 Centara Pattaya Hotel 152 THA 33 Centara Grand Phrathamnak 165 THA Pattaya 22 Centara Nova Hotel & Spa Pattaya 79 THA The Blue Marine Resort & Spa Phuket 23 Waterfront Suites Phuket by Centara 39 THA 34 266 THA managed by CentaraHotel & Resort 24 Centra Taum Resort Bali 90 IND 35 CentaraCeysandsResort & Spa Srilanka 165 SRI 25 Centara Grand West Sands Resort & 545 THA 36 Centra Avenue Hotel Pattaya 51 THA Villas, Phuket 37 Centra Maris Resort Jomtien 282 THA 26 Sandy Beach Non NuocResort Danung 118 VNM 25 Vietnam Managed by Centara Opened in 1Q16