Central tral Pl Plaza a Hote tel l Pl Plc. OPP PPORTU TUNITY - - PowerPoint PPT Presentation

March ch 3, , 2010 2010

Central tral Pl Plaza a Hote tel l Pl Plc.

OPP PPORTU TUNITY TY DAY AY

4th

th Quarter

rter & Full ll Year 2009 2009

AG AGEN ENDA DA

Financial Su Summary ry Ho Hotel l Busine iness s Perform forman ance ce Food Bu Business Pe Performance

• rmance

Co Company ny Outloo looks ks

(Unit t : M : Mil. Bah . Baht) 2009 2009 2008 2008 Y-on

• n-Y

Amt. Amt. % TOTAL REVENUES NUES : 8,436.1 .1 8,171.7 .7 264 264.4 3.2%

• CHR

3,860.6 3,470.7 389.9 11.2%

• CRG

4,575.5 4,701.0

• 125.5
• 2.7%

EBITDA DA 1,515 515.8 1,680 680.9

• 165

165.1

• 9.8%

(EBITDA Margin) (18.0%) (20.6%) EBIT EBIT 528 528.7 798 798.4

• 269

269.7

• 33

33.8% (EBIT Margin) (6.3%) (9.8%) NPAT NPAT 53 53.1 346 346.0

• 292

292.9

• 84

84.7% (NPAT Margin) (0.6%) (4.2%)

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

2009 2008

Food Hotel

528.7 53.1 1,515.81,680.9 346.0 798.4 500 1,000 1,500 2,000

EBITDA EBIT NPAT 2009 2008

Profits Total Revenues

54% 58% 46% 42%

• 9.8%
• 33.8%
• 84.7%

Pe Performance formance Su Summary: ry: 2009 2009

8,436.1 8,171.7 +3.2%

3

Consolidated Balance Sheets Consolidated

31/12/09 31/12/08 Change %Change Current Assets 1,425.0 1,413.9 11.1 0.8% Non-current Assets 18,392.0 16,227.4 2,164.6 13.3%

Total Assets 19,817.0 17,641.3 2,175.7 12.3%

Current Liabilities 4,098.0 7,222.4 (3,124.4)

• 43.3%

Non-current Liabilities 9,442.4 3,986.3 5,456.1 136.9%

Total Liabilities 13,540.4 11,208.7 1,604.2 20.8% Total Shareholder’ Equity 6,276.6 6,432.6 (156.0)

• 2.4%

16,227 18,392 1,414 1,425

5,000 10,000 15,000 20,000

FY' 2008 FY' 2009

Assets

6,433 6,277 11,209 13,540

5,000 10,000 15,000 20,000

FY' 2008 FY' 2009

Current Assets Non-Current Assets Total Liabilities Liabil abilities ities & Equit ity

+0.8% +13.3% +20.8%

• 2.4%

+12.3%

17,641 19,814

+12.3%

17,641 19,814

Shareholders’ Equity

Financi nancial al St Status tus: : 2009 2009

4

12.9 15.2 7.3 9.4 6.0 5.6

2 4 6 8 10 12 14 16 2003 2005 2006 2007 2008 2009

Financi nancial al Rati tio

• In

Indica icator tor

Efficiency Indicator

Total Asset and ROA

3,503 4,334 4,419 6,433 6,277 15.3% 9.6% 9.0% 5.4% 0.9% 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2005 2006* 2007 2008 2009 0% 2% 4% 6% 8% 10% 12% 14% 16%

Efficiency Indicator

Total Shareholders' Equity and ROE

Equity (Million THB) ROE (%) 1.31 0.97 1.30 0.92 0.91

2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 2005 2006 2007 2008 2009 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4

Leverage Indicator

Capital Structure and interest bearing Debt/Equity Ratio

Interest bearing Debt/Equity Ratio (Times)

Leverage Indicator

Interest Coverage Ratio

Times Total Liability Equity

Notes: Interest coverage ratio = EBITDA/(interest expense + dividend to lender type in PPF + Interest Cap.) Notes: ROE = NPAT / Equity

8,046 11,816 17,641 19,817 9,851 6.7% 4.2% 3.4% 2.0% 0.3% 5,000 10,000 15,000 20,000 25,000 2005 2006* 2007 2008 2009 0% 2% 4% 6% 8% 10% 12% 14% 16% Asset (Million THB) ROA (%)

Notes: ROA = NPAT / Asset *Include extra gain from selling floating hotel *Include extra gain from selling floating hotel

5

Bank Overdarfts, 99.5 MB. , 1.2% L-T Loans: PPF*,

• 217MB. , 2.6%

Debentures , 2,595.8 MB. , 31.5% Current portion of L-T Loans, 463.2 MB. , 5.6% L-T Loans*, 3,264.4 MB. , 39.6% Current portion of PPF, 62 MB. , 0.8% S-T Loans, 1,550 MB. , 18.8%

Bank Overdarfts L-T Loans* S-T Loans Debentures* Current portion of L-T Loans Current portion of PPF L-T Loans: PPF*

Note: * Net of current portion, exclude loan from JV

Total = 8,251.9MB

S-T LOANS (26.4%) = 2,174.7 MB L-T LOANS (73.6%) = 6,077.2 MB.

Interest bearing Debt/Equity Q4/09 = 1.31X

CENTEL’s Borrowings

Average Cost of debt = 3.75%

6

AG AGEN ENDA DA

Financial Su Summary ry Ho Hotel l Busine iness s Perform forman ance ce Food Bu Business Pe Performance

• rmance

Co Company ny Outloo looks ks

45.2%

• 3.0%
• 21.2%
• 16.5%
• 15.7%
• 18.0%
• 2.0%

11.0%

• 17.3% -14.2%
• 5.4%

16.9% 10.5% 26.3% 49.1% 56.9% 47.1% 51.6% 55.5% 49.0% 46.0% 40.9% 41.4% 42.1% 49.3% 53.4% 53.2% 56.1%

• 27.0%
• 22.0%
• 17.0%
• 12.0%
• 7.0%
• 2.0%

3.0% 8.0% 13.0% 18.0% 23.0% 28.0% 33.0% 38.0% 43.0% 48.0%

Apr-08 3Q08 4Q08 1Q09 2Q09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Total 09

Foreign Tourists Growth (YoY%) 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% % occupancy Number of foreign tourists (YoY%) Hotel Occupancy Rate (%)

Source: Bank of Thailand

Total = 14.1 Mil. tourists

Hote tel l In Industry stry Overvie rview

Tourists Growth rate back to positive since September 09

8

%Oc Occupan ancy cy Movement t CHR R VS In Industr try in 2009 2009

Source : BOT, CHR 47.5% 46.2% 56.6% 51.3% 52.6% 41.4% 40.9% 52.1% 57.9% 56.9% 49.1% 44.1% 49.1% 55.0% 56.1% 56.6% 54.3% 50.8% 59.3% 66.4% 68.1% 65.6% 63.9% 63.1% 60.5% 65.8% 0% 30% 60% 90% Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Total 09 Industry Overall CHR %Ocupancy

9

The industry is seeing “green shots” with stronger demand, but clients are still extremely price conscience and searching for absolute value. Lead time for business is the shortest it has ever been with clients prepared to wait until the very last minute for bargains. Loyalty is much reduced with clients preferring best price for similar products. Asian markets continue to be concerned about political tensions. European markets are still concerned about economical issues especially unemployment. Centara continues to trade well having reviewed distribution, pricing policies and booking mechanisms to suit today market room night sales for January/ February 2011 trading up 44% to

• ver 177,500 room nights (S.S.S. up 10% for some period).

Hote tel l Bu Busine iness ss Overv rview iew

10

2,024 2,151 798 58.9% 54.6% 64.4% 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Q4/08 Q4/09 Industry

• 300.0%
• 260.0%
• 220.0%
• 180.0%
• 140.0%
• 100.0%
• 60.0%
• 20.0%

20.0% 60.0% ARR RevPar %Occ

3,437 3,340

Existing Hotel Performance Excl. CMBR Q4/08 Q4/09 %growth %Occ. 58.9% 67.3% +8.4% ARR 3,437 3,367

• 2.0%

RevPar 2,024 2,266 +11.9%

Hot

• tel

el Ope perat ating ing Per erfo formance rmance Q4/09 09

1,462

Hotel Industry Performance Q4/08 Q4/09 %growth %Occ 49.3% 54.6% +5.3% ARR 1,582 1,462

• 7.6%

RevPar 780 798 +2.3% 11

2,162 1,983 704 64.2% 49.1% 60.5% 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 2008 2009 Industry

• 300.0%
• 260.0%
• 220.0%
• 180.0%
• 140.0%
• 100.0%
• 60.0%
• 20.0%

20.0% 60.0% ARR RevPar %Occ

3,367 3,278

Same Hotel Performance Excl. CMBR 2008 2009 %growth %Occ. 64.2% 62.1%

• 2.1%

ARR 3,367 3,293

• 2.2%

REVPAR 2,162 2,045

• 5.4%

Hotel Industry 2008 2009 %growth %Occ. 56.2% 49.1%

• 7.1%

ARR 1,516 1,434

• 5.4%

REVPAR 851 704

• 17.3%

Hotel tel Operational rational Pe Perfor formance: mance: 2009 2009

Source: BOT 1,434

12

AG AGEN ENDA DA

Financial Su Summary ry Ho Hotel l Busine iness s Perform forman ance ce Food Bu Business Pe Performance

• rmance

Co Company ny Outloo looks ks

Mark rketi ting ng Campaign aign : Q : Q1/09 09

Pla Peedz dz

Shrim imp p Fit Burger er Wing g Zabb Mexican an

Sukiyak iyaki

MD Mini Donut Misdo do Buddy dy 2009 2009 MD Saku u Saku

Hot & E Enjoy

• y

Membe mber r Card Long ng Islan land Angel gel Stix

Cupid d Pretzel el

January February March

Golden en Pretzel el Spring ng Mister er Sporty ty

14

Mark rketi ting ng Campaign aign : Q : Q2/09 9

Chewy Chees ese Roas asted ed Chicken en Yum Rice WingZ gZ Zabb bb Kua Kling Tokusen n Specia ial 10 10 Hits @ @ 10 10Bah aht Beef ef TACO Rice Pret etzel Wing

April May June

Happy ppy Set Comet et Set Éclair Stick Smart art Set Cris ispy py Cookie ie Puff 15

Mark rketi ting ng Campaign aign : Q : Q3/09 09

Chic icken n Fit Burger rger Star ar Fish h Fit Burger rger Spec ecia ial l all in

• ne
• ne

DUO Wow Mix & Match Pret etzel Mozza Chees ese Orien iental l Pret etzel el Dog

July August September

Mango ngo Yoghur hurt Cream eam Puff Paris ris Brest est MD Flocky Chou MD Pon De Shake Chees eesy Chicken n Bites es Popular pular Combo mbo

Mark rketi ting ng Campaign aign : Q : Q4/09 09

Cris ispy py Thai Curry ry Shri rimp p Chees ese e Ball Jim Joom

• m

October November December

Go Go Set Misdo do Club 2010 10 MD Mini Donut ut Tripl iple-X X Pret etzel el Dog Membe ber r Card d Sals lsa a Spagh ghet etti Chocolate Éclair Stic ick Sukiyak iyaki 17

To Total l Sy System Sa Sales, , Sa Same St Store Sa Sales : Q4/08 08 - Q4/09 09

• 3.3%
• 9.1%
• 2.5%
• 6.6%

0.1% 5.3% 5.9% 0.2% 5.4%

• 2.0%
• 10%
• 8%
• 6%
• 4%
• 2%

0% 2% 4% 6% 8% 10% Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 SSS TSS

% Growth

Remark : Exclude Pizza business.

18

CRG Sal CRG Sales Breakd es Breakdown

• wn : Q

: Q4/09 09

Sales Breakdown : Q4/08 Sales Breakdown : Q4/09

Remark : Exclude Pizza business.

Sales 1,100.9 MB.

KFC 57.7% AA 8.2% BR 2.5% PL 1.0% BRT 3.3% MD 27.3% KFC 59.9% AA 9.7% BR 0.8% PL 1.2% BP 0.4% BRT 2.8% MD 25.1%

Sales 1,160.4 MB. +5.4%

19

Per erformance formance by by Bran and d : : Q4/09 09

SSS S (%) TSS S (%) Q4/09 09 Q4/08 08 Chg. Chg. Q4/09 09 Q4/08 08 Chg. Chg. 4.5

• 3.3

7.8 8.7 4.3 4.4

• 11

11.4 1.4

• 12.8
• 3.6

10 10.2

• 13

13.8 8.4

• 15

15.7 24 24.1 24 24.1

• 5.6

29 29.7

• 1.5

na na na na 30 30.8 118 118.2

• 87

87.4 Aver erage age 0.1

• 3.3

3.4 5.4 5.3 0.1

Remark : Exclude Pizza business.

20

CR CRG Sal G Sales Break es Breakdow down : : 2009 2009

Sales Breakdown : 2008 Sales Breakdown : 2009

Remark : 2008 Include Pizza Business January – April. BRT 3.2% MD 25.7% BR 1.8% PL 1.2% PH 2.0% BP 0.3% AA 8.4% KFC 57.4%

Sales 4,549.4 MB. Sales 4,447.7 MB.

KFC 57.5% MD 25.5% PH 2.2% AA 7.9% BR 2.7% PL 0.8% BRT 3.4%

+2.3%

21

Per erformance formance by by Bran and d : : 2009 2009

SSS S (%) TSS S (%) 2009 2009 2008 2008 Chg. Chg. 2009 2009 2008 2008 Chg. Chg.

• 4.1

4.5

• 8.6

1.8 12 12.4

• 10

10.6

• 3.9
• 5.0

1.1 2.8 4.4

• 1.6
• 5.3

3.4

• 8.7

8.5 7.0 1.5

• 22

22.3 na na na na 51 51.7 660 660.1

• 608

608.4 Aver erage age

• 4.5

1.5

• 6.0

2.3 9.4

• 7.1

Remark : 2008 Include Pizza Business January – April.

22

CRG G Out utlets ets : : 2009 2009

478 511 200 400 600 2008 2009

• 33
• No. of outlets
• No. of Outlets

2009 2009 2008 2008 Chg. Chg. 154 154 151 151 3 232 232 209 209 23 23 86 86 86 86 4 3 1 2 n.a. n.a. 2 BR BR 37 37

• 37

37 PH PH 25 25

• 25

25

Outlets : 2008-2009

23

AG AGEN ENDA DA

Financial Su Summary ry Ho Hotel l Busine iness s Perform forman ance ce Food Bu Business Pe Performance

• rmance

Co Company ny Outloo looks ks

CRG Outlo looks ks CHR Outlo look

• ks

Foo

• od

d Out utlets ets Expa pans nsion ion Plan an

200 400 600 800 1000 2010 2011 2012 2013 2014 2015 Existing Brands New Brands

• No. of outlets

CRG 478

Total food outlets as end of December 2009 820

Outlets : 2009 Outlets : 2010F – 2015F

520 550 620 670 750

25

La Laun unchi hing ng New ew Bran ands ds : C : Cha habu buto ton n

Opening Date : March 9, 2010 Concept : Premium quality and tasty Japanese ramen Brand Differentiation : TV Champion Ramen First Location : Siam Square Outlets expansion plan : 6 outlets within 2 years

Chef Yasuji Morizumi A reputed ramen “master” of ramen chain restaurants.

27

La Laun unchi hing ng New ew Bran ands ds : R : RYU

Opening Date : March 11, 2010 Concept : All you can eat shabu shabu Brand Differentiation : Osaka Style Shabu Shabu First Location : Siam Square Outlets expansion plan : 4 outlets within 2 years

28

La Laun unchi hing ng New ew Bran ands ds : C : Col

• ld

d Sto tone ne Crea eamery mery

Opening Date : March 12, 2010 Concept : Super-premium mix-ins Ice Cream Brand Differentiation : Create your own ice cream flavor First Location : Central World Outlets expansion plan : 10 outlets within 2 years

AG AGEN ENDA DA

Financial Su Summary ry Ho Hotel l Busine iness s Perform forman ance ce Food Bu Business Pe Performance

• rmance

Co Company ny Outloo looks ks

CRG Outlo looks ks CHR Outlo look

• ks

8 8 8 9 10 10 11 11 12 13 2 2 3 4 4 4 4 4 4 4 7 7 7 7 7 7 7 5 10 15 20 25 30 2 1 1 10,048 9,048 8,048 7,298 6,301 5,551 4,549 2,727 3,313 2,423 20 40 60 80 100 120 140

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

• 50,000
• 45,000
• 40,000
• 35,000
• 30,000
• 25,000
• 20,000
• 15,000
• 10,000
• 5,000

5,000 10,000 15,000 Owned JV Managed Additonal Managed Number of rooms

11 hotels 11 hotels 13 hotels 20 hotels 26 hotels 31 hotels Grand Opening CKBR Acquired CKR, CKT Rebranding to “CENTARA” Grand Opening Bangkok Convention Centre @ CentralWorld Grand Opening Centara Grand @ CentralWorld Launching “CTARAF” property Fund Invest in Regent Maldives Signed 6 new management contracts Grand Opening Gentara Grand Mirage Beach Resort, Pattaya Grand Opening Centara Phuket Beach Resort 37 hotels 42 hotels 48 hotels 54 hotels Planed to open new owned hotel Planed to open new owned hotel

Hot

• tel

el Expa pans nsion ion Plan an

31

33