GENERAL PRESENTATION 1Q 2019 Vienna House Easy Berlin IR CONTACT - - PowerPoint PPT Presentation

GENERAL PRESENTATION 1Q 2019

Vienna House Easy Berlin

Prepared by Investor Relations Department

U CITY PCL

Address: U City Public Company Limited IR Department 20th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd. Chomphon, Chatuchak, Bangkok, Thailand 10900 Telephone: +66(0) 2273 8838 Fax: +66(0) 2273 8858 Email: ir@ucity.co.th Website: www.ucity.co.th

This document has been prepared and distributed by the Investor Relations Department of U City Public Company Limited (“U City”) solely for information

• purposes. It does not represent or constitute an offer, invitation, recommendation or solicitation to trade shares in U City 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. U City 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, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the information described herein. None of U City 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 U City 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, U City assumes no responsibility and makes no representations with respect to the accuracy and/or completeness of the forward-looking statements. U City undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

DISCLAIMER IR CONTACT

2

Prepared by Investor Relations Department

U CITY PCL

CONTENTS

Section 1 U City in Brief Section 2 Recurring Income Property Business Section 2.1 Hospitality Section 2.2 Office Section 2.3 Residential Property Business Section 3 Land Bank and Others Section 4 Company’s information

3

Prepared by Investor Relations Department

U CITY PCL

Formerly operating solely in Thailand, we expanded internationally since 2017 with a presence in 10 European countries and 5 Asian and Middle Eastern countries with assets spanning from hotels across various ownership models to office buildings. Within U City’s portfolio we now have 95 hotels and more than 26,000 keys owned, leased or managed, 3 office buildings, and business interests spanning 15 countries globally Total of 38 hotels and 2 office buildings Total of 57 hotels, 1 office building, 13 condominium projects launched PRESENCE IN 5 ASIAN & MIDDLE EASTERN COUNTRIES PRESENCE IN 10 EUROPEAN COUNTRIES

• Austria
• Belarus
• Czech Republic
• France
• Germany
• Poland
• Romania
• Russia
• Slovakia
• United Kingdom
• Thailand
• Vietnam
• Indonesia
• India
• Oman

WE ARE A GLOBAL CAPITAL ALLOCATOR

Investing in Diversified Assets Globally

28%

Of total revenue from Thailand*

72%

• f total revenue from overseas*

* Based on FY2018

THB 54bn

Total Asset Value*

4 Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

Prepared by Investor Relations Department

U CITY PCL

KEY MILESTONES

5

1999 - 2013 1993

Listed on the SET Rehabilitation

1988

Company founded

2015

• BTS Group

became a major shareholder (35.64%)

• Name changed

to “U City Public Company Limited”

2016

First geographic expansion into Europe by acquiring 33 Gracechurch, an

• ffice building in

London, UK

2017

Acquired a hotel portfolio, comprising of 24 pan-European hotels, and a hotel management platform

2018

Becoming a leading property company after acquiring the lion’s share of BTS Group’s property business under Unicorn Enterprises (UE), which includes a portfolio of hotels, hotel management platform, land bank and residential projects under BTS-Sansiri joint ventures

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

Prepared by Investor Relations Department

U CITY PCL

STRATEGY

Poised to Emerge as Thailand’s Leading International Property Investor

• Recycle capital for

future investment

• Potential for fee-based

income

• Access to expertise

and new business

• pportunities
• Reduce development

and investment risk

• Increase long-term firm

value and synergies

• Diversified portfolio
• Grow through project

development and acquisition

• Enhance value

through prudent management and value engineering

• Maximize synergy
• To benefit from the

‘mass transit premium’

6

INVESTMENT EFFICIENT USE OF CAPITAL SUSTAINABILITY PARTNERSHIPS MASS TRANSIT LINK

5 PILLARS OF SUSTAINABLE VALUE ACCRETION

• Respond to changes

in consumer lifestyles, including digital disruption

• Environmental

awareness

• Benefit to communities
• Enterprise value/Return

to Shareholders Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

Prepared by Investor Relations Department

U CITY PCL

BUSINESS OVERVIEW

Hospitality Focused Portfolio at the Start of a Multi-Year Earnings Expansion Period Hospitality Office Residential Property Land Bank & Others

Hospitality segment includes a geographically diversified portfolio of

• wned, leased and managed hotels in Europe and Asia.

Office segment has lettable space comprising of 2 office buildings in London, UK and 1 office building in Bangkok, Thailand Through our 50% stake in the BTS-Sansiri JV (Sansiri JV), we develop condominiums near mass transit lines. We recognise equity income or a share of profit from the JV 64% of our land bank value is located adjacent to future or current mass transit lines and is therefore well-positioned to benefit from the ‘mass transit premium’

33 Gracechurch Street, London

6-14 Underwood

6-14 Underwood Street, London TST Tower, Bangkok Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

Prepared by Investor Relations Department

U CITY PCL

2,620 176 1,204 1,380

2017 Hospitality Office Alternatives Residential 2022

5-YEAR TARGET

Poised to Emerge as Thailand’s Leading International Property Investor

FY 2017 FY 2022 Operating Revenue Recurring Net Profit

Operating Revenue 20% CAGR Recurring Net Profit 15% Margin*

Key Growth Drivers Hospitality All pipeline keys becoming operational 5% revenue CAGR for owned hotels Office Full-year effect of acquisitions and rent reversion Alternatives Share of profit from international school, The Unicorn mixed-use building Residential Future gross development value of THB 68bn CAPEX / Investment 5-year aggregate of THB 14.6bn 5-YEAR TARGET – Operating Revenue of THB 9,400mn, Recurring Net Profit of THB 1,360mn

Operating Revenue Development (Growth 2017 - 2022)

* Note: revenue includes share of profit in BTS-Siri JV, Keystone JV and Property management services revenue

9,400

4,030

8

4,030 9,410 72% Overseas 28% Thailand 59% Overseas 41% Thailand

1,360

(127) Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

THB mn THB mn

Prepared by Investor Relations Department

U CITY PCL

CONTENTS

Section 1 U City in Brief Section 2 Recurring Income Property Business Section 2.1 Hospitality Section 2.2 Office Section 2.3 Residential Property Business Section 3 Land Bank and Others Section 4 Company’s information

9

Prepared by Investor Relations Department

U CITY PCL

Management Platform Brands Under Management Details Vienna House Capital (100% subsudiary) Pan-European hotel portfolio, hotel management company and associated brands 4-star boutique hotels across South East Asia with a unique blend of local heritage and modern design Absolute Hotel Services (50% JV) 3-5 star hotels under the motto of "Value For All Occasions" with signature properties in Thailand, India, Indonesia, Vietnam and Middle East Travelodge is recognised worldwide as a leading brand in the midscale limited service segment

RECURRING INCOME PROPERTY BUSINESS – HOSPITALITY HOTEL PORTFOLIO

Strategic Expansion Flexibility Through a Diverse Spectrum of Brands

Section 2.1: Recurring Income Property Business – Hospitality

Two dynamic hotel management platforms that are mutually complementing, offering strategic flexibility and a springboard for global expansion, under Vienna House and Absolute Hotel Services

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise 10

Prepared by Investor Relations Department

U CITY PCL

RECURRING INCOME PROPERTY BUSINESS – HOSPITALITY

Hotel Portfolio Snapshot

11

NUMBER OF HOTELS AND KEYS GEOGRAPHICAL BREAKDOWN BY KEYS

Section 2.1: Recurring Income Property Business – Hospitality

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

Operating In Pipeline

hotels keys hotels keys Subsidiaries 40 7,351 6 2,145 Owned 24 3,963 1 394 Leased 8 1,459 4 976 Managed 8 1,929 1 775 Joint Ventures 21 2,564 28 14,274 Managed 21 2,564 28 14,274 Total 61 9,915 34 16,419 Owned 24 3,963 1 394 Leased 8 1,459 4 976 Managed 29 4,493 29 15,049

OWNED & LEASED MANAGED

* **

*Total owned and leased of Operating and in Pipeline **Total managed of Operating and in Pipeline

Prepared by Investor Relations Department

U CITY PCL

OWNED HOTELS (24+1)

A Geographically Diversified Hotel Portfolio

12

OWNED HOTEL PERFORMANCE

Section 2.1: Recurring Income Property Business – Hospitality

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise Hotel Name Country

• No. of Keys

Vienna House Amber Baltic Poland 194 Vienna House Andel's Lodz Poland 277 Vienna House Diplomat Praque Czech Rep 398 Vienna House Easy Airport Bucharest Romania 176 Vienna House Easy Amberg Germany 110 Vienna House Easy Katowice Poland 203 Vienna House Easy Bad Oeyhausen Germany 146 Vienna House Easy Bratislava Slovakia 167 Vienna House Easy Braunschweig Germany 176 Vienna House Easy Castrop-Rauxel Germany 84 Vienna House Easy Coburg Germany 123 Vienna House Easy Cracow Poland 220 Vienna House Easy Günzburg Germany 100 Vienna House Easy Landsberg Germany 103 Vienna House Easy Limburg Germany 99 Vienna House Easy Neckarsulm Germany 95 Vienna House Easy Pilsen Czech Rep 144 Vienna House Easy Trier Germany 105 Vienna House Easy Wuppertal Germany 130 Eastin Grand Hotel Sathorn Thailand 390 Eastin Thana City Golf Resort Thailand 194 U Inchantree Kanchanaburi Thailand 50 Anantara Chiang Mai Thailand 84 Avani Khon Kaen Thailand 195 Total keys 3,963

HOTELS IN OPERATION (24) HOTELS IN PIPELINE (1)

Hotel Name Country

• No. of Keys

Eastin Grand Hotel Phayathai Thailand 394 Total keys 394

2,878 2,862 2,812 2,098 1,903 1,752 72.9% 66.5% 62.3% 2017 2018 1Q 2019 ADR RevPar OCC

(THB)

Vienna House Diplomat Prague

Prepared by Investor Relations Department

U CITY PCL

Vienna House Easy Berlin

OPERATING LEASED HOTELS

A Capital-Efficient Growth Vector for Our European Hotel Business

13

• OP. LEASED HOTEL PERFORMANCE

Section 2.1: Recurring Income Property Business – Hospitality

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

HOTELS IN OPERATION (8) HOTELS IN PIPELINE (4)

Hotel Name Country

• No. of Keys

Vienna House Andel's Berlin Germany 557 Vienna House Andel's Cracow Poland 159 Vienna House Easy Berlin Germany 152 Vienna House Easy Leipzig Germany 205 Vienna House QF Dresden Germany 95 Vienna House Mokotow Warsaw Poland 164 U Chiang Mai Thailand 41 U Sathorn Thailand 86 Total keys 1,459

3,503 3,453 3,219 2,802 2,567 1,997 80% 74.3% 62.0% 2017 2018 1Q 2019 ADR RevPar OCC

Hotel Name Country

• No. of Keys

Vienna House Kronberg Germany 108 Vienna House Easy Raunheim Germany 180 Revo Munich Germany 608 Customs House by Vienna House Thailand 80 Total keys 976

(THB)

Vienna House Easy Berlin

Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin Vienna House Easy Berlin

Prepared by Investor Relations Department

U CITY PCL

MANAGED HOTELS (29+29)

Growth Engine that Benefits from Economies of Scale

14

HOTEL IN OPERATION (29) HOTEL IN PIPELINE (29)

Section 2.1: Recurring Income Property Business – Hospitality

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

No. Hotel Name Country

• No. of Keys

1 Angelo by Vienna House Ekaterinburg Russia 211 2 Angelo by Vienna House Prague Czech Rep 168 3 Liner Airport Hotel Ekaterinburg Russia 152 4 Marriott Minsk Hotel Belarus 217 5 Vienna House Andel's Prague Czech Rep 290 6 Vienna House Dream Castle Paris France 397 7 Vienna House Magic Circus Paris France 396 8 Vienna House Martinspark Dornbirn Austria 98 9 Eastin Ashta Resort Canguu Bali Indonesia 130 10 Eastin Easy Aishwarya Talegaon India 90 11 Eastin Grand Hotel Saigon Vietnam 268 12 Eastin Hotel Makkasan Thailand 280 13 Eastin Hotel Tan Chiang Mai Thailand 119 14 Eastin Residences Muscat Oman 50 15 Eastin Residences Vadodara India 44 16 Mountain Lodge By U Thailand 7 17 Travelodge Pattaya Central Thailand 164 18 Travelodge Sukhumvit 11 Thailand 224 19 U Janevalla Bandung Indonesia 119 20 U Jomtien Thailand 63 21 U Khao Yai Thailand 63 22 U Nimman Chiang Mai Thailand 150 23 U Pattaya Thailand 44 24 U Sukhumvit Thailand 82 25 U Tropicana Alibaug India 32 26 U Zenmaya Phuket Thailand 50 27 U Paasha Seminyal Bali Indonesia 99 28 Holiday Inn Leuchtenbergring* Germany 279 29 Holiday Inn Munich Westpark* Germany 207

Total keys 4,493

• No. Hotel Name

Country

• No. of Keys

1 Eastin Easy Vita India 50 2 Travelodge Niman Chiang Mai Thailand 150 3 Eastin PhatLinh Hotel Halong Vietnam 334 4 Eastin Hotel & Residences Hanoi Vietnam 200 5 Eastin Grand Hotel Panorama Nha Trang Vietnam 1,056 6 Eastin Hotel Habour Bangkok Vietnam 456 7 Eastin Hotel NhaTrang Vietnam 180 8 Eastin Hotel Saigon (Covert) Vietnam 310 9 Eastin Lakeside Hotel Hanoi Vietnam 90 10 U Kata Phuket Thailand 86 11 Travelodge Jomtien Thailand 150 12 U Lombok Indonesia 110 13 U North Pattaya Thailand 270 14 Travelodge Phuket Town Thailand 180 15 Eastin Grand Hotel Vung Tau Vietnam 4,000 16 Eastin Grand Hotel Hong Van Hotel Halong Vietnam 380 17 Eastin Grand Resort Danang Vietnam 300 18 U Manado Indonesia 120 19 Skye By Travelodge NhaTrang Vietnam 4,300 20 U Danang Vietnam 154 21 U Riverside Hoi An Vietnam 150 22 U Mui Ne Vietnam 108 23 U Bang Rak Samui Thailand 60 24 U Phu Quoc Vietnam 150 25 Eastin Easy Pen India 350 26 Travelodge Jatujak Bangkok Thailand 200 27 Travelodge Laguna Phuket Thailand 200 28 Eastin Residences Sriracha Thailand 180 29 Vienna House Vung Tau Vietnam 775

Total keys 15,049

Section 2.1: Recurring Income Property Business – Hospitality

Prepared by Investor Relations Department

U CITY PCL

15 Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris Vienna House Dream Castle at Disneyland Paris

WUPPERTAL

Section 2.1: Recurring Income Property Business – Hospitality

Prepared by Investor Relations Department

U CITY PCL

16

Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig Vienna House Easy Braunschweig

Section 2.1: Recurring Income Property Business – Hospitality

Prepared by Investor Relations Department

U CITY PCL

17

Visualization Visualization Visualization Visualization Visualization Visualization Visualization Visualization

Section 2.1: Recurring Income Property Business – Hospitality

Prepared by Investor Relations Department

U CITY PCL

18

U Sathorn Bangkok U Sathorn Bangkok U Sathorn Bangkok U Sathorn Bangkok U Sathorn Bangkok U Sathorn Bangkok

Section 2.1: Recurring Income Property Business – Hospitality

Prepared by Investor Relations Department

U CITY PCL

19

Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn

Prepared by Investor Relations Department

U CITY PCL

20

Section 2.1: Recurring Income Property Business – Hospitality Eastin Hotel Makkasan Eastin Hotel Makkasan Eastin Hotel Makkasan Eastin Hotel Makkasan Eastin Hotel Makkasan Eastin Hotel Makkasan

Prepared by Investor Relations Department

U CITY PCL

21

Section 2.1: Recurring Income Property Business – Hospitality Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon

Section 2.1: Recurring Income Property Business – Hospitality

Prepared by Investor Relations Department

U CITY PCL

22

Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya

Prepared by Investor Relations Department

U CITY PCL

CONTENTS

Section 1 U City in Brief Section 2 Recurring Income Property Business Section 2.1 Hospitality Section 2.2 Office Section 2.3 Residential Property Business Section 3 Land Bank and Others Section 4 Company’s information

23

Prepared by Investor Relations Department

U CITY PCL

33 Gracechurch Street Situated within the heart of London, fronting the Gracechurch Street, one of the City’s main thoroughfares, and close walking distances to underground stations Bank and Monument

RECURRING INCOME PROPERTY BUSINESS – OFFICE

Office Portfolio Snapshot

24

Section 2.2: Recurring Income Property Business – Office

27,184 Sqm

Net Floor Area

Office Building Net Floor Area (sqm) Occupancy Gracechurch Street (London) 8,747 100% Underwood Street (London)* 2,370 0% TST Tower (Bangkok) 16,067 99% Total/Weighted Average 27,184 91%

33 Gracechurch Street, London 6-14 Underwood Street, London TST Tower, Bangkok

91 %

Occupancy

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise * Renovation completed in February 2019

6-14 Underwood Street Situated within the heart of the tech area of London, less than 650 meters from Old Street Roundabout, aka ‘Silicon Roundabout’ due to the increasing number of tech companies relocate to the area. Excellent transport links TST Tower Situated in a burgeoning business area en-route to Don Muang International Airport and 15 mins from Mochit BTS Station

Prepared by Investor Relations Department

U CITY PCL

33 GRACECHURCH STREET, LONDON

Situated within the heart of the City of London, fronting the western side of Gracechurch Street,

• ne of the City’s main thoroughfares, and benefits

from close walking distances to underground stations Bank and Monument

33 GRACECHURCH STREET, LONDON

25

Property Details

Ownership 144-year lease expiring on 18 Jan 2162 Head Rent 5% of the gross rental income Building Specifications

• Comprehensively refurbished and extended in

2007

• NFA: 8,747 sqm

Tenants

• 7 tenants
• Average lease term of 7.90 years

Atmosphere around Gracechurch, London Atmosphere around Gracechurch, London Atmosphere around Gracechurch, London

Prepared by Investor Relations Department

U CITY PCL

26

6-14 UNDERWOOD STREET, LONDON

Situated within the heart of the tech city area of London and is less than 650 meters from Old Street Roundabout, known as ‘Silicon Roundabout’. Due to the increasing in number of technology, media and telecommunications many companies choosing to relocate to the area. The property also benefits from excellent transport links; including underground, rail and bus services.

6-14 UNDERWOOD STREET, LONDON

Property Details

Ownership 37-year lease expiring in 25 Dec 2055 Head Rent GBP 111,250 per annum Building Specifications

• Comprises
• f

three attractive Victorian warehouse buildings

• NFA: 2,370 sqm over basement, ground and

three upper floors. Tenants

• In negotiations with potential tenants

Atmosphere around Underwood Street, London Atmosphere around Underwood Street, London Atmosphere around Underwood Street, London Atmosphere around Underwood Street, London Atmosphere around Underwood Street, London

Prepared by Investor Relations Department

U CITY PCL

TST TOWER, BANGKOK

27

Situated in a burgeoning business area en-route to Don Muang International Airport and 15 mins from Mochit BTS Station, the area is closed to a number of major Thai corporate headquarters and foreign offices including PTT, Thai Airways, Bangkok Airways, Thai-Rath, Ericsson, Fuji-Xerox and Halliburton

TST TOWER

Property Details

Ownership Freehold Building Specifications

• One high-rise office tower with multi-floor

parking

• NFA: 16,061 sqm on 24 floors

Anchor Tenants

• BTS Group
• VGI Media
• U City
• Office of SME Promotion

Atmosphere around TST Tower Atmosphere around TST Tower Atmosphere around TST Tower Atmosphere around TST Tower

Prepared by Investor Relations Department

U CITY PCL

CONTENTS

Section 1 U City in Brief Section 2 Recurring Income Property Business Section 2.1 Hospitality Section 2.2 Office Section 2.3 Residential Property Business Section 3 Land Bank and Others Section 4 Company’s information

28

Prepared by Investor Relations Department

U CITY PCL

RESIDENTIAL PROPERTY BUSINESS

Joint Venture with Sansiri

29

Section 2.3: Residential Property Business

Information in this presentation is based on 1Q 2019 financial reports, except indicated otherwise

PARTNERSHIP ROADMAP

2015 2016

50:50 JV to develop a targeted THB 100bn worth of condominiums along current and future mass transit lines through the JV with Sansiri PCL with an expected NPAT margin 12%

2018

• The LINE Jatujak – Mo Chit

Project value: THB 5,815mn

• No. of units: 841
• The LINE Sukhumvit 71

Project value: THB 1,967mn

• No. of units: 291
• The LINE Ratchathewi

Project value: THB 2,851mn

• No. of units: 231
• The LINE Asoke-Ratchada

Project value: THB 3,022mn

• No. of units: 473
• The BASE Garden Rama 9

Project value: THB 2,336mn

• No. of units: 640
• The LINE Phahon-Pradipat

Project value: THB 5,890mn

• No. of units: 981

2017

• The BASE Phetkasem 29

Project value: THB 2,012mn

• No. of units: 640
• The MONUMENT Thong Lo

Project value: THB 6,258mn

• No. of units: 127
• The LINE Sathorn

Project value: THB 3,910mn

• No. of units: 327
• The LINE Sukhumvit 101

Project value: THB 4,653mn

• No. of units: 778
• KHUN BY YOO

Project value: THB 4,069mn

• No. of units: 148
• The LINE Wongsawang

Project value: THB 4,776mn

• No. of units: 1,288

The LINE Wongsawang The LINE Sukhumvit 101 The LINE Jatujak-Mo Chit

Fully transferred

• The BASE Saphanmai

Project value: THB 2,921mn

• No. of units: 820
• The LINE Phahonyothin Park

Project value: THB 4,961mn

• No. of units: 880

2019

The LINE Sathorn

• The BASE Ratchada-Thapra

Project value: THB 3,050mn

• No. of units: 1,037
• VIA Sukhumvit 34

Project value: THB 1,345mn

• No. of units: 82
• Yak Phang Muang

Project value: THB 1,842mn

• No. of units: 315

Prepared by Investor Relations Department

U CITY PCL

30

THE BASE Sapanmai THE LINE Phahonyothin Park THE LINE Phahon Pradipat THE LINE Ratchathewi THE MONUMENT Thong Lo KHUN BY YOO THE LINE Sukhumvit 101 THE LINE Sathon THE BASE Phetkasem THE LINE Wongsawang

Active Projects

RESIDENTIAL PROPERTY BUSINESS

(THB mn) 1Q 2019 4Q 2018 1Q 2018 % QoQ %YoY Value 1,310 778 769 68.4% 70.4%

• No. of units

314 228 288 37.7% 9.0%

*Net of cancellations

PRESALES BACKLOG SCHEDULE

(THB mn)

*Backlog as of 8 April 2019. Not equity adjusted

5,219 6,928 3,546 1,053 2019 2020 2021 2022 Total 16,745

PRESALES UPDATE

Active Projects along Mass Transit Lines Presales Update and Backlog Schedule

Prepared by Investor Relations Department

U CITY PCL

CONTENTS

Section 1 U City in Brief Section 2 Recurring Income Property Business Section 2.1 Hospitality Section 2.2 Office Section 2.3 Residential Property Business Section 3 Land Bank and Others Section 4 Company’s information

31

Prepared by Investor Relations Department

U CITY PCL

LAND BANK

Sufficient Land Bank For Multi-Year Development

Khukhot 51.7 rai (8.3 ha) Mochit 11.1 rai (1.8 ha) Bangkrachao 25.4 rai (4.1 ha) Ratburana 27.5 rai (4.4 ha) Suksawad 16.6 rai (2.7 ha) Land Bank NATIONWIDE LANDBANK PORTFOLIO

Total of 881.6 rai (1.41mn sqm) divided into 132.4 rai (0.21mn sqm) located in Bangkok & Vicinities and 749.2 rai (1.20mn sqm) upcountry Bangkok & Vicinities 132.4 rai (21.2 ha) Nakorn Ratchasima 747.2 rai (119.6 ha) Chonburi (to be disposed) 2.0 rai (0.3 ha)

BOOK VALUE OF LAND BANK 31 MAR 2019

THB bn Book Value Bangkok & Vicinities 6.6 Upcountry 1.4 Total Land Bank 8.0 % Near Mass Transit 63%

Land Bank along Mass Transit Lines

Prepared by Investor Relations Department

U CITY PCL

33

51 levels of mixed use complex building comprising retail,

• ffice, 4-star hotel and premium residences

Retail NFA: 2,816 sqm Office NFA: 22,499 sqm Premium Residence 118 units NFA: 7,560 sqm Hotel 397 keys NFA: 20,714 sqm

THE UNICORN, PHAYATHAI

THE UNICORN

Project at a Glance

Project value Approximately THB 9.2bn Land Area 7.3 Rai or 1.2 Ha (11,749.6 sqm) GFA 120,400 sqm Location Adjacent to 2 mass transit stations: BTS Phayathai Station and Airport Rail Link Status 8% Progress Project period Approximately 48 months

Project Details

Prepared by Investor Relations Department

U CITY PCL

34

The Unicorn: Commercial Preliminary Concept Design

Prepared by Investor Relations Department

U CITY PCL

ROI CHAK SAM

35

A luxurious 5-star hotel project in a rare, historic, colonial-era heritage building located along magnificent Chao Praya Riverside, on Charoen Krung road

Total Area NFA: 12,300 sqm World-Class Dining Experience 5-Star Luxurious Hotel

ROI CHAK SAM

Project at a Glance

Project value Approximately THB 4.6bn Land Area 6.3 Rai or 1.0 Ha (10,148 sqm) Location On the Chao Praya Riverside, Soi Charoenkrung 36, Bangrak, Bangkok Concept Focus on the harmony between the ancient custom house and new building Management Company Inhouse brands and management platform

Project Details

Prepared by Investor Relations Department

U CITY PCL

VERSO INTERNATIONAL SCHOOL AT THANA CITY

36

A 50:50 joint venture between U City and Hong Kong Partner who has extensive experience in International School to provide educational services for up to 1,800 students from grade 1 to 12

VERSO INTERNATIONAL SCHOOL

Project at a Glance

Project Details

Project value Approximately THB 4.8bn Land Area 109.8 Rai or 19.1 Ha (191,642 sqm) Location Thana City Concept Providing unique learning experience and paring modern technology and contemporary teaching techniques Status 35% Progress Project period Approximately 36 months Construction period 2017 1Q 2020 Start Completion

Prepared by Investor Relations Department

U CITY PCL

CONTENTS

Section 1 U City in Brief Section 2 Recurring Income Property Business Section 2.1 Hospitality Section 2.2 Office Section 2.3 Residential Property Business Section 3 Land Bank and Others Section 4 Company’s Information

37

Prepared by Investor Relations Department

U CITY PCL

COMPANY’S INFORMATION

38

STOCK PROFILE

* Bloomberg as of 29 March 2019. Excludes preference shares

• Mr. Keeree Kanjanapas

Chairman

• Mr. Rungson Sriworasat

Independent Director / Chairman of Audit Committee / Nomination & Remuneration Committee

• Mr. Chaiwat Atsawintarangkun

Independent Director / Chairman of Nomination & Remuneration Committee / Audit Committee

• Mr. Plakorn Wanglee

Independent Director / Audit, Nomination & Remuneration Committee

• Mr. Paisal Tarasansombat

Independent Director / Audit, Nomination & Remuneration Committee

• Mr. Surajit Gongvatana

Director / Chairman of Executive Committee

• Mr. Kavin Kanjanapas

Director

• Mr. Kong Chi Keung

Director

• Ms. Piyaporn Phanachet

Executive Director / Chief Executive Officer

• Mr. Sayam Siwarapornskul

Executive Director / Chief Legal Officer / Company Secretary

Top 10 Shareholders (29 March 2019)

1 BTS Group Holdings PCL 35.8% 2 Trophy Capital Growth Fund 10.8% 3 Thai NVDR Co Ltd 2.2% 4 The Vanguard Group Inc 2.2% 5 Sukalya Tongpan 1.6% 6 Komol Jungrungreangkit 1.4% 7 Wichit Chinnawongworakul 1.4% 8 Somkiet Chatsakulwilai 0.9% 9 Chaiyan Chakarakul 0.9% 10 Thongpleow Siripornpitak 0.8% Stock Code U / U-P Market Capitalisation THB 12,462mn Total Outstanding Shares 5,614mn Total Preference Shares 11,970mn

Website: http://www.ucity.co.th

BOARD OF DIRECTORS