Co Comp mpan any Pr Pres esenta entation tion – Fe Feb 20 2015 Tivoli Cavoeiro, Portugal
FORWARD LOOKING STATEMENT Statements included or incorporated in these materials that use 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, are "forward-looking statements" within the meaning 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. MINT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. MINT makes no representation whatsoever about the opinion or statements of any analyst or other third party. MINT does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement. Disclaimer 2
Ag Agenda enda 201 2014 Per erform orman ance ce Rec Recap ap & Recen Re cent Up Upda date tes Ho Hote tel & Mi Mixed xed-Us Use Bus usin ines ess Res Resta taur uran ant Bus usin ines ess Oth ther er Im Import rtan ant In Inform rmatio tion Banana Island Resort Doha by Anantara, Qatar
201 2014 P Per erforma ormanc nce Re Reca cap & & Rece Re cent nt Upd Update tes First Coffee Club Outlet in Abu Dhabi
CONTINUED GROWTH WITH DIVERSIFICATION MINT reported 2014 net profit of THB 4.4 billion, a 7% increase y- y, thanks to MINT’s diversification and international expansio n strategy, as strong performance of international operations mitigated the impact of political uncertainties in Thailand. Net profit growth was attributable primarily to hospitality business, followed by restaurant and retail trading businesses, together with the gain on fair value adjustment of investment in Serendib in Sri Lanka in 2Q14. REVENUES THB Million +8% y-y 39,787 40,000 36,936 35,000 30,000 25,000 2013 Hotel & Mixed-Use Restaurant Retail Trading 2014 NET PROFIT Excl one-time gain +6% y-y THB Million +7% y-y 4,402 4,500 4,101 4,000 3,500 3,000 2,500 2013 Hotel & Mixed-Use Restaurant Retail Trading 2014 5 2014 Performance Recap
INTERNATIONAL PRESENCE With solid diversification strategy, MINT’s presence was in 32 countries at the end of 2014 across its hospitality and restau rant businesses. By the end of February 2015 with the acquisition of Tivoli Hotels & Resorts and the opening of AVANI Seychelles Barbarons , MINT’s presence is in 35 countries. REVENUE CONTRIBUTION Hotel & Spa 100% 13% Restaurant 32% 35% 75% 48% International Combination Thailand 50% 87% 68% 65% 25% 52% 0% 2008 2013 2014 2019F MINT’s Footprint 6
WHAT’S NEW IN 4Q14 TO DATE MINT continues to invest in its future, poised for solid growth going forward. HOTEL & MIXED-USE RESTAURANT The Coffee Club in UAE Hotel Investments Launched first The Coffee Club equity outlet in Yas Mall, Abu • Completed the acquisition of 6 hotels with over 1,000 Dhabi, UAE , through the joint venture with Al Nasser Holdings rooms in Namibia, Botswana, Zambia and Lesotho from Sun International in Dec 2014. * Note: the 40.5% investment in Royal Swazi Spa Valley and Ezuwini Sun (Lugogo Sun), Swaziland is pending the fulfillment of conditions precedent. • Through Elewana, acquired Serengiti Pioneer Thai Food in Europe Camp, which is already being managed by Invested in convertible bond of Bangkok Living Ltd (‘BLL’), Elewana. which owns and operates two Thai restaurants in London under the Grab brand name in the UK . • Initial investment amount is GBP 600,000, with maximum • Announced the collaboration agreement with Destination Resorts & Hotels facility limit of GBP 1,100,000. (DRH), which was established by the Malaysian Khazanah Group, to develop an • This marks our initiation to explore the high potential Thai Anantara resort in Malaysia . food market in Europe with minimal investment and limited risk. Management Contracts Essque Zalu Zanzibar (to be Banana Island Resort AVANI Seychelles rebranded to Per AQUUM) Doha by Anantara Barbarons 7 Recent Development
WHAT’S NEW IN 4Q14 TO DATE – STRATEGIC MOVE INTO EUROPE AND SOUTH AMERICA MINT continues to invest in its future, poised for solid growth going forward. HOTEL INVESTMENT – TIVOLI HOTELS & RESORTS Brand Positioning Investment Size Euro 168 million (THB 6.6 billion) More luxurious brand that offers more specialized service and more sophisticated The Acquisition lifestyle to guests Over 1,600 keys hotel portfolio, consisting of: • Two hotels, an operating platform and the Tivoli Hotels & Offers basic standard of service and comfort Resorts brand in Brazil, and • Four hotel properties in Portugal (being leased and operated Revenue Size Comparison under Tivoli brand) The three recent acquisitions immediately contribute to MINT’s revenues and earnings, and will remain a meaningful contribution to Investment Rationales hotel & mixed-use business going forward • Strategic move into new territories – Europe and South 100% America – to become a more global company, and in line with MINT’s hotel & MINT’s diversification strategy mixed-use revenues* • The acquisition of Tivoli brand in Brazil will strengthen MINT’s hotel brand portfolio 100% • Immediate revenue and earnings contribution MINT’s hotel & mixed-use revenues* Closing 17% of MINT’s hotel The transaction has been closed in January 2015 16% of & mixed-use MINT’s hotel revenues & mixed-use 1% Rani 1% Rani 5% Sun Intl revenues Going Forward 5% Sun Intl 11% Tivoli 10% Tivoli • The Brazilian portfolio will serve as platforms for potential 2014 2019F expansion of MINT’s Tivoli brand together with other brands * Notes:(1) MINT’s hotel & mixed -use revenues exclude revenues of the three recent acquisitions and businesses into South America; (2) Contribution from Tivoli is based on six acquired properties and does not take into • The Portugal hotels will be MINT’s entry point to build a account potential expansion opportunities going forward strong business in Europe. (3) Rani properties’ contribution is in the form of share of profit under equity method. Hence, their profit contribution is much larger than revenue contribution above 8 Recent Development
WHAT’S NEW IN 4Q14 TO DATE – STRATEGIC MOVE INTO EUROPE AND SOUTH AMERICA MINT continues to invest in its future, poised for solid growth going forward. HOTEL INVESTMENT – TIVOLI HOTELS & RESORTS – CONT’D Portugal Tivoli Lisboa (306 Rooms) Tivoli Marina Vilamoura Lisbon , the capital city of Portugal, is one of the major (383 Rooms) economic centers in Europe, with a growing financial sector and one of the largest container ports on Europe's Atlantic coast. Portugal Algarve is the most popular tourist destination in Portugal, and one of the most popular in Europe. In addition to the natural Tivoli Marina Portimao Tivoli Carvoeiro beauties and beaches, Algarve is also well-known as one of the (196 Rooms) (293 Rooms) Lisbon Europe's leading golf destinations. Algarve Brazil Tivoli Ecoresort Praia Do Forte (287 Rooms) Bahia Sao Paulo , is the largest metropolis in South America. The city is Brazil the regional economic powerhouse, housing many South American headquarters of multinational corporations and financial Sao Paulo institutions. It accommodates the largest stock exchange in Latin America. Tivoli Sao Paulo – Mofarrej Bahia, or Salvador da Bahia was the first capital of Brazil when the (220 Rooms) Portuguese seat of royal administration was placed there. Located on a small, roughly triangular peninsula that separates the Todos os Santos Bay (‘All Saints Bay’) from the open waters of the Atlantic Ocean, the city of Salvador is Brazil’s main tourist destination after Rio de Janeiro. 9 Recent Development
Ho Hote tel & Mi Mixe xed-Us Use Bus Busin iness ess AVANI Seychelles Barbarons
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