BTS Group Holdings PCL GENERAL PRESENTATION APRIL 2018 BTS Group General Presentation prepared by Investor Relations department BTS Group Holdings PCL
IR Contact Address: BTS Group Holdings PCL IR Department 15 th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd. Chomphon, Chatuchak, Bangkok, Thailand 10900 Telephone: +66(0) 2273 8611-15 Fax: +66(0) 2273 8610 Email: ir@btsgroup.co.th Website: www.btsgroup.co.th Disclaimer This document has been prepared and distributed by the Investor Relations Department of BTS Group Holdings PCL (“BTSG”) solely for information purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in BTSG and should not be relied on as such. Some of the information in this document has not been independently verified, and also includes information made available from public sources and other third party opinion or analyst. BTSG does not monitor or control the content of third party opinion or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statements. Thus, BTSG assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of BTSG or any of its agents, or all of their respective affiliates, or representatives shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. All information contained in this document is presented as of the date indicated within, and BTSG assumes no duty to confirm, revise or update the information. Certain statements in this document may be deemed to contain forward-looking statements, including the statements included or incorporated with the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. Thus, BTSG assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. BTSG undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. BTS Group General Presentation prepared by Investor Relations department 2 BTS Group Holdings PCL
Contents Section 1 BTS Group in Brief Section 2 Business Segment Profiles Section 2.1 Mass Transit Business Section 2.2 Media Business Section 2.3 Property Business Section 2.4 Services Business Section 3 Financial Summary Appendices BTS Group General Presentation prepared by Investor Relations department 3 BTS Group Holdings PCL
BTS Group History 1968 1992 2008 2010 APR 2013 MAR 2017 Company established TYONG established a BTSC exit court TYONG acquired BTSC sold the future BTSC finalised the operating wholly-owned supervised 94.6% of BTSC, Net Fare-box Revenue & maintenance (O&M) as Tanayong Co., Ltd. (TYONG) to operate in subsidiary, Bangkok rehabilitation returning Mass Transit under its Concession contract with KT; a wholly procedure property development Transit System operations to be the Agreement to BTS Rail owned subsidiary of the field Corporation Ltd. (BTSC), primary business of Mass Transit BMA. The contract covers which won the SkyTrain the Company. The Infrastructure Fund 30.8km of Green Line concession bid (BTSGIF) Company also changed Northern and Southern its name to BTS Group extensions (Mo Chit – Holdings PCL (BTSG) Saphan Mai – Khu Khot and Bearing – Samut Prakarn) BTSC signed a 30-year operating & maintenance (O&M) contract covering Green Line extensions Concession Contracts of (Saphan Taksin - Wongwian Yai BTSC expanded into the Pink (Khae Rai to - Bang Wa and Onnut - Bearing) TYONG listed on the Media business Min Buri) and the Yellow under the purview of the Stock Exchange of through the Line (Lad Prao to Sam Bangkok Metropolitan Thailand under acquisition of 100% of Commercial operation Rong), a total length of Administration (BMA) Property Development of the BTS SkyTrain VGI Global Media Co., 64.9km were awarded MAY 2012 sector commenced Ltd. (VGI) JUN 2017 1991 1999 2009 VGI Global Media PCL, the Group’s Media subsidiary, listed on the Stock Exchange of Thailand OCT 2012 BTS Group General Presentation prepared by Investor Relations department 4 BTS Group Holdings PCL Section 1: BTS Group in Brief
Business Organisation and Shareholding Structure as of 31 March 2018 41% Kanjanapas Family 1 1 Information based on book closure date on 22 Jan 18 with total issued shares = 11,940.4mn shares 2 BTSG holds 73.61% of VGI indirectly and directly BTS Group Holdings PCL 31% Institutional Investors 1 3 Revenue from the Company recorded under Services BU 28% Individual Investors 1 MASS TRANSIT BUSINESS MEDIA BUSINESS PROPERTY BUSINESS SERVICES BUSINESS 25.02% 100% Tanayong International Ltd. 97.46% 38.97% VGI Global Media U City PCL 48.59% 100% Bangkok Mass Transit RB Services Co., Ltd. PCL (VGI) 2 System PCL (BTSC) Rabbit Rewards Kingkaew Assets 100% 100% VGI Advertising Co., Ltd. 100% 100% Co., Ltd. Media Co., Ltd. 60% Bangkok Payment 100% BTS The Community Solutions Co., Ltd. Infrastructure One Co., Ltd. 888 Media 100% 41.18% Man Food Holdings Co., Ltd. Services Co., Ltd Co., Ltd. The Community 100% Two Co., Ltd. 100% Point of View (POV) 100% Man Food Products 100% Media Group Co., Ltd. 100% Co., Ltd. Yongsu Co., Ltd. BTS 100% VGI Global Media 100% 100% Primary Kitchen Infrastructure DNAL Co., Ltd. (Malaysia) Sdn Bhd Co., Ltd. Development Bayswater 50% 40% Demo Power Co., Ltd Man Kitchen Co., 100% Co., Ltd. (Thailand) Co., Ltd. Ltd. 75% 69% 30.38% Little Corner Co., Ltd. Northern Master Ad PCL 18.09% Bangkok 51% KMJ Co., Ltd. Monorail Co., 51% 30% Aero Media Group HHT Construction Ltd. Co., Ltd. 3 Co., Ltd. 75% 90% 25% The ICON VGI Co., BSS Holdings Co., Ltd. Eastern Ltd. Bangkok 80% RabbitPay System Co., Ltd. Monorail Co., 25% Supremo Media 33.33% Ltd. Co., Ltd Rabbit-Line Pay Co., Ltd. 20% Group Work 51% ATS Rabbit Special Purpose Co., Ltd 33.33% Vehicle Co., Ltd. LEGEND BTS Rail Mass 51% 49% ASK Direct Group Co., Ltd. Listed entities Transit Growth Rabbit Insurance Broker 51% Infrastructure 49% Subsidiaries Co., Ltd. Fund (BTSGIF) 30% Associates Rabbit Internet Co., Ltd. JVs 90% Bangkok Smartcard System Co., Ltd. BTS Group General Presentation prepared by Investor Relations department 5 BTS Group Holdings PCL Section 1: BTS Group in Brief
BTS Group Overview 4 Business Units with Mass Transit as our Core Historical operating revenues (1) MASS TRANSIT FY 16/17 Mass Transit Revenue (THB mn) Operating Revenue contribution 4,237 2,574 2,274 2,077 THB FY 13/14 FY 14/15 FY 15/16 FY 16/17 35% 49% 8,606mn *FY 2016/17:- Services revenue from provision of E&M works & train: THB 1,444mn, O&M Revenue: THB 1,661mn, Share in BTSGIF: THB 945mn, interest income from E&M and train procurement: THB 187mn MEDIA Media Revenue (THB mn) 7% 3,121 3,010 9% 2,926 2,318 Mass Transit Media Property Services FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 16/17 *FY 2016/17:- OOH Media revenue: THB 2,640mn, Digital Services business: THB 370mn PROPERTY Operating EBITDA Contribution Property Revenue (THB mn) 2,934 1,355 897 617 41% THB FY 13/14 FY 14/15 FY 15/16 FY 16/17 62% 2,928mn * FY 2016/17:- Residential Property revenue:- THB 39mn, Commercial Property revenue : THB 578mn Services Revenue (2) (THB mn) SERVICES 0% -3% 743 548 492 399 Mass Transit Media Property Services FY 13/14 FY 14/15 FY 15/16 FY 16/17 (1) FY ended 31 March (2) Services revenue excludes revenue of HHT Construction (Thailand) Co., Ltd. * FY 2016/17:- ChefMan revenue:- THB 406mn, HHT revenue : THB 213mn, BPS and Rabbit Rewards: THB 124mn as it is consolidated as cost of project under Property business BTS Group General Presentation prepared by Investor Relations department 6 BTS Group Holdings PCL Section 1: BTS Group in Brief
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