FORWARD LOOKING STATEMENT Statements included or incorporated in - PowerPoint PPT Presentation

Company Presentation – Feb 2017

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

Agenda 2016 Performance Recap & Recent Updates Key Drivers of 2017 Minor Hotels Minor Food Minor Lifestyle Corporate Information Anantara Al Jabal Al Akhdar, Oman

2016 Performance Recap & Recent Updates

MINT REMAINED RESILIENT DESPITE MACRO CHALLENGE DURING YEAR-END Excluding non-recurring items (detailed on page 39), 2016 core net profit decreased by only 3% due mainly to the impact of the mourning period and flooding in Thailand during 4Q16, and the soft performance of AVC amidst its transformation into a new business model, as well as some external challenges in MINT’s other key markets. REVENUE +19% Exclspecialgains THB million +19% 56,973 60,000 48,014 50,000 40,000 30,000 20,000 2015 Minor Hotels Minor Food Minor Lifestyle Special Gains 2016 NET PROFIT THB million -6% Exclspecialgains 8,000 -3% 7,040 6,590 6,000 4,000 2,000 2015 Minor Hotels Minor Food Minor Lifestyle Special Gains 2016 5 2016 PerformanceRecap

INTERNATIONAL PRESENCE With solid diversification strategy, MINT’s presence was in 32 countries at the end of 2016 across its hospitality and restaurant businesses. REVENUE CONTRIBUTION 100% MinorHotels 13% 44% 75% 50% 52% MinorFood International Thailand 50% Combination 87% 56% 25% 50% 48% 0% 2008 2015 2016 2021F * Excludes non-recurring gains MINT’s Footprint 6

WHAT’S NEW IN 4Q16 TO DATE MINOR FOOD MINOR HOTELS New Concept Launch Hotel Investment • Rebranded Pattaya Marriott Resort & Spa to • Franchised and launched the first “ Yentafo Kruengsonge AVANI Pattaya Resort & Spa, effective by A. Mallika ”, a Thai noodle concept in Singapore in November 2016 November 2016 • Acquired Elements Boutique Resort & Spa in Koh Samui, Thailand in October 2016 with plan to re-open under AVANI brand in 2018 • Opened Oaks Bodgaya Hotel, a 25% joint- venture property in Bihar, India in January 2017 Hotel Management • Entered Oman with the launch of Anantara Al Jabal Al Akhdar Resort in October 2016 and Al Baleed Resort Salalah by Anantara in MINOR LIFESTYLE November 2016 New Brand Launches Residential Development • Strategically launched two new • Completed the construction of all 44 units of brands to create additional revenue the Anantara Chiang Mai Serviced Suites base and further diversify portfolio: • Sold and transferred one penthouse unit of − October 2016: Radley, Torres Rani project in Maputo, Mozambique handbag and leather AnantaraVacation Club accessories from London • Added Chiang Mai as the 7 th destination of − November 2016: Anello, bag Anantara Vacation Club packs and bags from Japan • Added nine units (six in Phuket and three in • Launched “ Bemynt ”,MINT’s own e- Chiang Mai) to the inventory pool of Anantara commerce platform for fashion and Vacation Club lifestyle brands RecentDevelopment 7

Key Drivers of 2017 and Beyond Anantara Vilamoura Algarve Resort, Portugal

KEY DRIVERS OF 2017 AND BEYOND – MINOR HOTELS PORTUGAL -STRONGGROWTH TO THAILAND-BACK IN FULL SWING CONTINUE • Internationaltouristarrivalsto rise by at • Solid demandgrowth fromshift of least 9% in 2017 accordingto TAT Europeantourists towardsgeopolitical • EncouragingJanuarydata withinternational stableregions touristgrowth of7% y-yin Jan17 • I ncreasedappealand affordabilityof • Uplift in ADR and RevParfromroom Portugal with weakeningof Euroagainst USD renovations - e.g.AnantaraSiam Bangkok (Phase2), AVANI Pattaya,AnantaraMai • ADR Increase in timeforhighseason in Khao PhuketVillasand Four Seasons Tented 2Q17-3Q17 with renovationof Tivoli Camp assets AUSTRALIA – MORE PROMISINGGROWTH • Higherratesandamplificationof MINT’s OUTLOOK brands with the rebrandingto Anantara • Robusttouristgrowth: international VilamouraAlgarveand AVANI Avenida LiberdadeLisbon primarilydrivenby Asian marketse.g. Chinese and India;domesticfrom weakened MALDIVES- PROMOTINGRESILIENCYTHROUGHDIVERSIFICATION AFRICA - POSITIVE GROWTHPROSPECTS AUD FUELED BY ROBUSTDEMAND • Occupancyuplift throughtargetedand dynamicmarketingtactics • FlourishingNew SouthWalesand Victoria • Robusttouristdemand drivenby markets due to resilienteconomic • Reducedearningsvolatility by diversifyingfeedermarketsbeyond key environments,whichwereless impactedby improvingeconomy,infrastructureand existingmarketslikeChinaand Russiato, forinstance, MiddleEast the slowdownof the miningindustry flightconnectivity • Improvedqualityof productand serviceto earn globalrecognitions • Strongerprofitabilityof recentlyadded • Rampup ofprofitability through MINT’s globalplatformand operationalexcellence properties e.g.The MiltonBrisbaneand HOTELMANAGEMENTCONTRACT Oaks Southbank, afterthe ramp-upstage • Uplift of ADR andRevPar with room • Over 20 managementcontractssigned and to be openedover next • Double-digitADR growth with ongoing renovationof AVANI Gaboronein three years(2017-2020) Botswana refurbishmentssuch as OaksCypress Lakes • Over 100 hotelsundermanagementby 2021 from36 hotels currently • Continuedexpansion both inits home • Increasingdemandto visit theworld- • Potentialrebrandingopportunities withthe strengtheningof MINT’s marketand outsidee.g.Indiaand Middle renownedVictoriaFalls to benefitZambia owned brandsin the globalhospitalityindustry East hotels • Strong pick-up of residential sales : The Residences by Anantara, Layan, Phuket (sold 2 in Jan17 with another one unit in the process of closing), Anantara Chiang Mai Serviced Suites (31 units pre-sold); Torres Rani (2 penthouse units deposited) REAL ESTATE BUSINESS • Turnaroundof AVC through enhanced product offerings, accelerated cash flow, strengthened risk management procedures and targeted sales and marketing strategy 2017 and Beyond 9

KEY DRIVERS OF 2017 AND BEYOND – MINOR FOOD Thailand Australia Singapore China STABLEOPERATIONS WITH FURTHER PORTFOLIO RATIONALIZATION PROFITABLE EXPANSION MAINTAININGLEADERSHIPPOSITION GROWTH • New managementin place to rebuild • Productimprovement to capture • Expansionof coffeeroastingbusiness , • Recoveryof domesticconsumption , a strong foundationfor sustainable risingmiddle-classconsumptionand supportedby increasedinfrastructure the highermarginbusiness, to growthin the long-term urbanization improveprofitability spending,higherfarm incomeand lowerhouseholddebt afterexpiryof • Ongoingportfoliorationalization to • Potentialstakeincreaseof Riverside the first-carscheme enhanceproductivity based on the originalagreementwith the Founders to maximizeearnings • Strongbrandportfolio with significant • StrengtheningThai foodportfolio and potential marketsharein most categories adopting effectivesegmentation strategy to bettercapture various • Commitmentto operational • EncouragingJan17 data ,withsame- marketsegments excellence,supplychainmanagement store-salesgrowthof 2.4%, led by The • Strengtheningof franchise andnetworkplanning to drive PizzaCompany, Swensen’s, The Coffee capabilities throughleverageof productivityimprovementand Club, BreadTalk& BurgerKing MINT’s operationalexcellenceand profitableexpansion • Ongoingproduct& globalplatform • Preparingright products,brandsand • Expandingdelivery channel to serviceinnovations • Strongmomentumof The CoffeeClub platform to ridethe benefitwhen the capitalizeon food deliverytrend brand with promisingfranchising economyturns around opportunitiesboth in Australiaand • SpearheadThai Express’sfranchise oversease.g.MiddleEast, Thailand expansion outside of Singaporesuch etc. as Vietnamand Malaysia • Leadingdigital strategyand • Continueddevelopmentof Thai strengtheningdeliveryplatform to Express withfirst franchisedoutlet in enhancecustomerexperiencee.g. BeijingCapitalInternationalAirportin TPC’s onlinedeliveryordercontribution Jan17, withone moreto open in jumpednotablyfrom • Improvingeconomiccondition in May17 the teens to almost 2017 to helpupliftthe performance 40% withinone year 2017 and Beyond 10

Minor Hotels AVANI Riverside Bangkok