Q3’2019 Opportunity Day December 11, 2019 1
DISCLAIMER The information contained in this material has been prepared by S Hotels and Resorts Public Company Limited (“ SHR ” or “ S Hotels and Resorts ”) solely for information purpose and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for shares in S Hotels and Resorts . Some statements made in this material are forward‐looking statements. These statements typically contain words such as "expec ts" and "anticipates" and words of similar import. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves various risks and uncertainties. These include statements with respect to our corporate plans, strategies, and beliefs. The statements are based on our management’s assumpt ions and beliefs in light of the information currently available to us. These assumptions involve risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward‐looking statements. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the presentation. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of S Hotels and Resorts or any of its shareholders, directors, officers or employees or any of the Banks (and their shareholders, directors, officers or employees) or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this presentation. None of S Hotels and Resorts nor any of its shareholders, directors, officers or employees accepts any liability (in negligence or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. Individual situations and local practices and standards may vary, so viewers and others utilizing information contained within a presentation are free to adopt differing standards and approaches as they see fit. Products and names mentioned in materials or presentations are the property of their respective owners and the mention of them does not constitute an endorsement by S Hotels and Resorts . The information contained in this presentation is only current as of the date its date. In giving this presentation, neither S Hotels and Resorts nor its respective advisers and/or agents undertake any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. The presentation should not be construed as legal, tax, investment or other advice. 2
Welcome to the world of S Hotels & Resorts The premier hotel investment and resort management company, creating unique travel experiences for our guests and value for our stakeholders Agenda ▪ SHR Overview ▪ Business update ▪ Q3’19 performance ▪ Projects under development 3
Proven track record to grow footprint Apr 2015 Sep 2016 Jan 2017 Mar 2018 3Q19 Apr 2014 ◼ 6 grand deluxe pool ◼ Acquired 2 Holiday Inn ◼ Commenced land reclamation, ◼ SHR acquired Project ◼ Commencement of villas added to hotels and 1 Mercure shoreline protection, Crossroads Phase One operations for two ◼ Singha Estate Santiburi Koh Samui hotel through second landscaping and construction from Singha Estate hotels in Maldives acquired Santiburi JV with FICO UK of Project Crossroads Phase Koh Samui Oct 2015 One (via Singha Estate) ◼ Entered into equal JV Nov 2014 with FICO UK to ◼ Acquired Phi Phi May/Jun 2018 acquire UK portfolio Nov 2016 Island Village Beach 2019 of 26 hotels Resort ◼ Phi Phi Island Village ◼ Santiburi Koh Samui constructed ◼ SHR trading on SET 19 new grand reserve pool villas Beach Resort completed renovation of 45 (new room category) bungalows (superior), 110 ◼ Acquired 6 Outrigger hotels bungalows (standard) and 3 restaurants 2014 2015 2016 2017 2018 2019 Number of keys 227 2,889 274 3 878 4,647 376 Geographical coverage Upscale 4% Luxury 2% Overall portfolio (1) Europe 39.6% Americas 7.0% Upper upscale 27% Core assets (2) Africa 2.5% Others 0.6% Target Positioning customers Upper midscale 67% 2014 2016 Asia-Pacific 50.3% 2018 2018 Notes: (1) Overall portfolio includes all assets including UK assets. Breakdown by keys. (2) Core portfolio excludes UK assets, which are held through a 50% stake in our equal joint venture with FICO UK. Breakdown by customer nights. 4 4
SHR’s global hospitality portfolio 7 39 5 4,647 Total # of Total # Countries Brands Resorts / Hotels of Keys Phi Phi Island Village Outrigger Laguna 255 52 201 Outrigger Koh Samui Beach Resort Phuket Beach Resort Beach Resort 2,964 96 151 Santiburi Koh Samui Outrigger Fiji SAii Lagoon Maldives, 198 253 Beach Resort Curio Collection by Hilton 178 65 Hard Rock Hotel Maldives Castaway Island, Fiji Outrigger Hotels Self-Managed Hotels (1) UK Hotels Outrigger Mauritius 181 Beach Resort Total # of keys Total # of Hotels Outrigger Konotta 53 Maldives Resort Note: Core portfolio excludes Holiday Inn and Mercure hotels in the UK which are held through a 50% stake in our equal joint venture with FICO UK. 5 (1) Includes Self-Managed Hotels under franchise agreement(s).
Our hospitality management platform : “Affordable luxury lifestyle resort” SHR is able to tap on both in-house, home-grown management platforms as well as access to strong brands via collaboration with reputable international operators 3 rd Party Hotel Management Agreement Self-Managed 29% 9M’2019 Revenue 3rd Party Hotel Management 6 properties | 859 keys 2 properties | 297 keys Agreement Self-Managed with Franchise Agreement Hotel Management Platform Self-Managed with Franchise 68% Agreement 3% Self-Managed 2 property | 376 keys (To be launched in 2020-2021) 6
HAVE A Business update NICE DAY 7
CROSSROADS Project Crossroads : World-class integrated development and the first of its kind in the region Destination highlights ▪ 1st integrated lifestyle destination in the Maldives ▪ Superb location : within 15 minutes by speed ferry from the Malé Velena International Airport Crossroads Phase Two ▪ The project comprises: ▪ Crossroads Phase One Island III SAii Lagoon Maldives, Curio Collection by Hilton ▪ Hard Rock Hotel Maldives Hard Rock Hotel Maldives ▪ Marina @ Crossroads ▪ High-end lifestyle resort under development on Island III SAii Lagoon Maldives, Curio The Marina @ Crossroads Collection by Hilton ▪ 50-year lease expiring in February 2066, with option to extend for 49 years ▪ Right of purchase and right of first refusal to acquire Project Crossroads Phase Two from Boon Rawd Brewery Group (BRBG) Hard Rock Hotel Maldives The Marina @ Crossroads SAii Lagoon Maldives, Curio Collection by Hilton ▪ First hotel under SHR’s new “SAii” brand used ▪ First upper upscale hotel in the Maldives ▪ First integrated leisure and entertainment alongside the established Hilton brand name under the Hard Rock Brand island in the Maldives ▪ 198 upper upscale rooms (44 sqm to 240 sqm ▪ 178 rooms (46 sqm to 445 sqm per room) ▪ First integrated project in the Maldives that per room) offers wide variety of leisure components to visitors 8
Hotels at Crossroads project 9
Shops at The Marina at Crossroads Shop Spa Dine 10
Project Crossroads Phase I Island I&II Excellent feedback from customers; Maldives forecasted visitor number for 2019 has Strengthen our position in OTA channel been raised to 1.6m 2,500 International Visitor Arrivals 2,000 1,500 1,000 500 0 2014 2015 2016 2017 2018 2019F 2020F Source: Ministry of Tourism, Maldives International visitor arrival as of 30 September 2019 • With the opening of the new runway, Maldives is aiming to attract 2 million visitors in 2020 • Maldives Government recently announced their proposal to add additional US$ 3.23m to the annual marketing budget for the tourism industry, totaling of US$ 9.98m for 2020 with big focus on China and Middle East markets. 11
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