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Company Profile 1Q20 MINT Vision To be a leader in delivering exceptional experiences that anticipate and satisfy customers aspirations and positively impact stakeholders People Customer-Focused Results-Oriented Innovative


  1. Company Profile – 1Q20

  2. MINT – Vision To be a leader in delivering exceptional experiences that anticipate and satisfy customers’ aspirations and positively impact stakeholders People Customer-Focused Results-Oriented Innovative Partnership Development 2

  3. MINT – Key Milestones Increased stake to 100% in Acquired Increased stake Acquired to 31% in additional stake Increased stake 94% stake in in Australia from to 25% in 50% stake in Joint venture with Launched in hotels in Increased stake 70% stake in Africa in African Assets to 100% in franchise Launched 70% stake in Launched rights & new Acquired 49% investment in expansion of remaining 7 hotel & mixed use Launched 50% stake in 75% stake in Founded Founded hotels & brand 100% stake in project in Maputo, Mozambique Thailand 1978 1980 1982 1988-9 2000-1 2003 2008 2009 2010-11 2012-13 2014 2015 2016 2017 2018 2019 2020 Founded Completed 49% stake in M&A of RGR, MFG 100% stake in Acquired 7 hotels Acquired 74% group business RGR and MFG and MINOR existing stake in restructuring; and became listed operations of Delisted Invested in 11% stake in Thailand Increased stake to 69.2% in Increased stake to 70% in 3

  4. MINT – 10-Year Track Record CORE REVENUE (THB million) CORE PROFIT (THB million) 123,385 7,061 +18% +22% CAGR CAGR 1,400 17,244 2009 2019 2009 2019 ASSETS (THB million) MARKET CAPITALIZATION (THB million) 166,284 254,184 +19% +25% CAGR CAGR 29,395 28,271 2009 2019 2009 2019 4

  5. MINT – Today MINOR HOTELS MINOR FOOD Hotel Casual Dining Restaurants • Equity-Owned & Leased • Equity-Owned • Hotel and Serviced Suites • Franchised Management Manufacturing • Spa • Cheese & Ice-cream • Ice-cream Ingredients and Mixed-Use • Plaza & Entertainment Toppings • Coffee Roasting • Residential Development • Point-Based Vacation Club Shared Services 5

  6. MINT – Contributions by Business Groups & Geographies 2019 REVENUE CONTRIBUTION 2019 EBITDA CONTRIBUTION 2019 NPAT CONTRIBUTION Minor Lifestyle Minor Lifestyle Minor Lifestyle Minor Food Minor Food Minor Food 4% 1% 1% 20% 16% 17% THB THB THB 123,385 22,634 7,061 million million million Minor Hotels Minor Hotels Minor Hotels 76% 83% 82% 2019 REVENUE CONTRIBUTION 2019 NPAT CONTRIBUTION Thailand Thailand 27% 30% Overseas Overseas 73% 70% 6 *Core operations, excluding non-recurring items

  7. MINT – Footprint MINT today has a global presence with 530 hotels and serviced suites, 2,362 restaurant outlets and 473 retail points of sale in 63 countries. THE AMERICAS EUROPE ASIA PACIFIC The Americas Europe Asia Pacific Canada Andorra Australia USA Austria Cambodia Argentina Belgium China Brazil Czech Republic India Chile France Indonesia Colombia Germany South Korea Cuba Hungary Laos Ecuador Italy Malaysia Haiti Ireland Maldives Mexico Luxemburg Myanmar Uruguay Netherlands New Zealand Poland Pakistan Portugal Singapore Africa AFRICA Romania Sri Lanka Botswana Slovakia Thailand Kenya Spain Vietnam Lesotho Switzerland Mozambique UK Namibia Seychelles Middle East MIDDLE EAST Tanzania Bahrain Oman Tunisia Saudi Arabia Qatar South Africa Kuwait UAE Zambia Mauritius Lebanon 7 Minor Hotels Minor Food Minor Lifestyle

  8. The leading hospitality partner maximizing shareholder value Minor Hotels

  9. Hotel Portfolio – 530 Properties; 76,320 Rooms Minor Hotels has a very diversified hotel portfolio, in terms of brands, ownership structure and geography. Over 90% of the rooms today are under Minor Hotels’ own brands. SYSTEM-WIDE ROOM CONTRIBUTION SYSTEM-WIDE ROOM CONTRIBUTION SYSTEM-WIDE ROOM CONTRIBUTION By Brand By Ownership By Geography Others Middle East & Asia MLR 3% 7% Africa 6% 11% 9% 10% Oceania 7% Owned 10% 26% Managed 4% 17% Americas 11% 76,320 76,320 76,320 19% Rooms rooms Rooms JV 2% 50% Europe Leased 62% 46% * MLR is management letting rights (management of serviced suites) ** No of rooms as at end of Mar 2020 9

  10. Portfolio Contribution Today, owned & leased hotel portfolio is the main driver of Minor Hotels, while the management letting rights (MLR) business model provides stable growth, and management contracts and mixed-use business helps with the overall profitability. In terms of geography, Europe is the major contributor, followed by Thailand and the Maldives & the Middle East. 1Q20 REVENUE CONTRIBUTION 1Q20 REVENUE CONTRIBUTION By Business By Geography Others Mixed-use Maldives & Thailand MLR 8% 5% Middle East 4% 14% 8% Managed Australia & New 2% Zealand 8% THB Americas 15,770 7% million Owned & Europe Leased 59% 85% * MLR is management letting rights (management of serviced suites) ** Maldives & Middle East contribute 3% of Minor Hotels’ revenue but 14% of NPAT because majority of the hotels in the Maldives and the Middle East are joint-venture and managed hotels. 10

  11. Anantara – Life is a Journey A luxury hospitality brand for modern travelers, connecting them to genuine places, people and stories through personal experiences, and providing heartfelt hospitality in the world’s most exciting destinations. 11

  12. Contemporary Accommodation for All Occasions Avani hotels are perfecting the balance between work and play, design and function, service and privacy, laid-back and lavish. Our city and resort destinations pulse with life, emanating from our buzzy social spaces and extending throughout the hotels. A unique blend of city hotels in central locations and resort-style accommodation in tourist destinations. For both short and longer stays, families and groups enjoy friendly service, superior accommodation and quality onsite leisure facilities. 12

  13. NH Hotel Group – A Leading European Hospitality NH Collection showcases captivating hotels housed in authentic NH Hotels offers trustworthy experiences based on three main and unique landmark buildings in key cities of Europe and Latin pillars: value for money, the best location to connect with the America. city, and service with a human touch. Hotels that are unconventional and cosmopolitan, each with a unique personality in major international cities. 13 13

  14. Boutique Hotel Brands with Unique Luxury Experience Encompassing a diverse hotel portfolio with unique Each of the camps, lodges and hotels offers unique personalities and facilities, Tivoli combines local teams, accommodations of exceptional comfort. Their iconic convenient services and unique experiences to reveal the locations provide any discerning world-traveller one of authenticity of each destination, be it a multicultural the most rewarding experiences they could wish for; close thriving city or leading beach paradise. to all the drama and spectacle of African wildlife. 14

  15. Rapid Expansion of Hotel Portfolio Over the past five years, the number of hotels more than quadrupled, while revenue increased by over 5 times. Minor Hotels expanded its portfolio through both organic expansion and acquisitions, increasing both in terms of brand portfolio and geographies. 119 22 530 55 >750 >60 Hotels Countries Hotels Countries Hotels Countries Number of Properties Number of Properties 32 43 12 32 51 60 8 16 Others 16 16 347 Others 16 TSS Note: Data above as at end of Mar 2020 TSS THB 108 billion Revenue Revenue THB 88 billion TSS THB 30 billion Revenue THB 15 billion 2014 2019 2024F* * 2024F revenue & TSS is according to original 5-year plan approved in Nov 2019, pre-COVID pandemic 15

  16. Owned & Leased Hotels – RevPar Maximization Minor Hotels focuses on driving RevPar growth in each of its markets. While the aim of the hotels in established markets is to maintain the stable RevPar increase momentum, Minor Hotels will benefit from the higher growth potential of RevPar in new markets. MAINTAINING REVPAR MOMENTUM IN KEY ESTABLISHED MARKETS THAILAND (THB) MALDIVES (USD) NHH (EUR) +2% +2% 74 4,654 +6% 4,334 CAGR CAGR 475 CAGR 449 62 2016 2019 2016 2019 2016 2019 Pre-acquisition LEVERAGING ON NEW / SMALLER MARKETS FOR HIGHER REVPAR GROWTH BRAZIL (BRL) AFRICA (USD) VIETNAM (USD) 630 92 +58% 77 +8% +10% CAGR CAGR CAGR 399 69 62 2016 2019 2016 2019 2016 2019 16

  17. Support from Asset Light Portfolio Although owned and leased portfolio is Minor Hotels’ key growth driver, management letting rights portfolio provides Minor Ho tels with stable growth, while management contracts offer higher profitability with minimal capital investment. MANAGEMENT LETTING RIGHTS MANAGED HOTELS NO OF ROOMS NO OF ROOMS +6% 7,147 CAGR 4,570 6,060 +12% CAGR 3,910 +28% CAGR 2011 2019 1,123 REVPAR (AUD) 2010 2015 2019 136 +1% 124 CAGR REVENUE (THB million) +8% 1,335 CAGR 2011 2019 984 +32% REVENUE (THB million) CAGR 5,554 246 +8% CAGR 2,897 2010 2015 2019 2011 2019 * Management contracts exclude NHH’s portfolio 17

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