U CITY PCL GENERAL PRESENTATION 2Q 2019 Vienna House Diplomat - - PowerPoint PPT Presentation

Vienna House Diplomat Prague

GENERAL PRESENTATION 2Q 2019

U CITY PCL

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

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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 11 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 have 116 hotels and more than 30,000 keys owned, leased and managed (operate and in pipeline), 4 office buildings, and business interests spanning 16 countries globally Total of 58 hotels and 2 office buildings Total of 58 hotels, 2 office buildings, 16 condominium projects PRESENCE IN 5 ASIAN & MIDDLE EASTERN COUNTRIES PRESENCE IN 11 EUROPEAN COUNTRIES

• Austria
• Belarus
• Czech Republic
• France
• Germany
• Poland
• Romania
• Russia
• Slovakia
• Switzerland
• 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*

THB 54bn

Total Asset Value*

4 Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

* Based on FY2018

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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 2Q 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 2Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

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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 2 office buildings 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. 63% 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 Street, London TST Tower, Bangkok Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise Noble Comm. Space, Bangkok 7

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)

THB mn THB mn

Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

Section 1: U City in Brief

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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

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U CITY PCL

RECURRING INCOME PROPERTY BUSINESS – HOSPITALITY

Strategic Expansion Flexibility Through a Diverse Spectrum of Brands

10 Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

Section 2.1: Hospitality

Management Platform Brands Under Management Details Vienna House Capital (100% subsidiary) 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 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

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U CITY PCL

RECURRING INCOME PROPERTY BUSINESS – HOSPITALITY

Hotel Portfolio Snapshot

11

NUMBER OF HOTELS AND KEYS GEOGRAPHICAL BREAKDOWN BY KEYS *Total owned and leased of Operating and in Pipeline **Total managed of Operating and in Pipeline

Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

Operating In Pipeline

hotels keys hotels keys Subsidiaries 57 9,143 9 2,770 Owned 24 3,963 1 521 Leased 25 3,251 7 1,474 Managed 8 1,929 1 775 Joint Ventures 21 2,564 29 15,738 Managed 21 2,564 29 15,738 Total 78 11,707 38 18,508 Owned 24 3,963 1 521 Leased 25 3,251 7 1,474 Managed 29 4,493 30 16,513

Vietnam 59% Indonesia 3% India 3% France 4% Others 6% Russia 11% Thailand 14%

21,006 keys**

Germany 55% Poland 16% Romania 2% Slovakia 2% Czech Republic 6% Switzerland 1% Thailand 18%

9,209 keys*

OWNED & LEASED MANAGED

Section 2.1: Hospitality

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U CITY PCL

OWNED HOTELS (24+1)

A Geographically Diversified Hotel Portfolio

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OWNED HOTEL PERFORMANCE

Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

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

Hotel Name Country

• No. of Keys

Vienna House Amber Baltic Miedzyzdroje Poland 194 Vienna House Andel's Lodz Poland 277 Vienna House Diplomat Prague Czech Republic 398 Vienna House Easy Airport Bucharest Romania 176 Vienna House Easy Amberg Germany 110 Vienna House Easy Katowice Poland 203 Vienna House Easy Bad Oeynhausen 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 Republic 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

Hotel Name Country

• No. of Keys

Eastin Grand Hotel Phayathai Thailand 521 Total Keys 521

2,878 2,862 2,812 2,588 2,098 1,903 1,752 1,789 72.9% 66.5% 62.3% 69.1% 2017 2018 1Q 2019 2Q 2019 ADR RevPar OCC Vienna House Diplomat Prague

Section 2.1: Hospitality

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U CITY PCL

Vienna House Easy Berlin

OPERATING LEASED HOTELS (25+7)

A Capital-Efficient Growth Vector for Our European Hotel Business

13

• OP. LEASED HOTEL PERFORMANCE

Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

HOTELS IN OPERATION (25) (THB)

Vienna House Easy Berlin

Vienna House Easy Berlin

3,503 3,453 3,219 3,395 2,802 2,567 1,997 2,565 80% 74.3% 62.0% 75.6% 2017 2018 1Q 2019 2Q 2019 ADR RevPar OCC

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 arcona Hotel am Havelufer Germany 123 arcona Hotel Baltic Germany 132 arcona Living Bach14 Germany 52 arcona Living Batschari8 Germany 69 arcona Living Bremen Germany 44 arcona Living Ernst Leitz Hotel Germany 129 arcona Living Goethe87 Germany 47 arcona Living München Germany 94 arcona Living Osnabrück Germany 108 arcona MO.Hotel Germany 131 arcona Die Kleine Sonne Germany 48 Steigenberger Hotel Remarque-Osnabruck Germany 156 Steigenberger Hotel Sonne Germany 119 Steigenberger Hotel Thüringer Hof Germany 127 Steigenberger Parkhotel Braunschweig Germany 180 Steigenberger Hotel Stadt Hamburg Wismar Germany 103 arcona Living Schaffhausen Switzerland 130 U Chiang Mai Thailand 41 U Sathorn Thailand 86 Total keys 3,251

HOTELS IN PIPELINE (7)

Hotel Name Country

• No. of Keys

Vienna House Kronberg Germany 96 Vienna House Easy Raunheim Germany 200 Vienna House Easy Wroclaw Poland 240 arcona Living Mannheim Germany 128 Revo Munich Germany 607 arcona Living Greifswald Germany 123 Customs House Thailand 80 Total Keys 1,474 Section 2.1: Hospitality

Prepared by Investor Relations Department

U CITY PCL

14

HOTEL IN PIPELINE (30)

Hotel Name Country

• No. of Keys

Angelo by Vienna House Ekaterinburg Russia 211 Angelo by Vienna House Prague Czech Republic 168 Liner Airport Hotel Ekaterinburg Russia 152 Marriott Minsk Hotel Belarus 217 Vienna House Andel's Prague Czech Republic 290 Vienna House Dream Castle Paris France 397 Vienna House Magic Circus Paris France 396 Vienna House Martinspark Dornbirn Austria 98 Eastin Ashta Resort Canguu Bali Indonesia 130 Eastin Easy Aishwarya Talegaon India 90 Eastin Grand Hotel Saigon Vietnam 268 Eastin Hotel Makkasan Thailand 280 Eastin Hotel Tan Chiang Mai Thailand 119 Eastin Residences Muscat Oman 50 Eastin Residences Vadodara India 44 Mountain Lodge By U Thailand 7 Travelodge Pattaya Central Thailand 164 Travelodge Sukhumvit 11 Thailand 224 U Janevalla Bandung Indonesia 119 U Jomtien Thailand 63 U Khao Yai Thailand 63 U Nimman Chiang Mai Thailand 150 U Pattaya Thailand 44 U Sukhumvit Thailand 82 U Tropicana Alibaug India 32 U Zenmaya Phuket Thailand 50 U Paasha Seminyal Bali Indonesia 99 Holiday Inn Leuchtenbergring Germany 279 Holiday Inn Munich Westpark Germany 207 Total Keys 4,493 Hotel Name Country No. of Keys Eastin Easy Vita India 50 Eastin Phat Linh Hotel Halong Vietnam 334 Eastin Hotel & Residences Hanoi Vietnam 200 Eastin Grand Hotel Panorama Nha Trang Vietnam 1,056 Eastin Hotel Harbour Bangkok Thailand 456 Eastin Hotel Nha Trang Vietnam 180 Eastin Lakeside Hotel Hanoi Vietnam 90 Travelodge Niman Chiang Mai Thailand 150 Travelodge Jomtien Thailand 150 U Lombok Indonesia 110 Travelodge Phuket Town Thailand 180 Eastin Grand Hotel Vung Tau Vietnam 4,000 Eastin Grand Hotel Hong Van Hotel Halong Vietnam 380 Eastin Grand Resort Danang Vietnam 300 U Manado Indonesia 120 U North Pattaya Thailand 270 Skye By Travelodge Nha Trang Vietnam 4,300 U Danang Vietnam 154 U Riverside Hoi An Vietnam 150 U Mui Ne Vietnam 108 U Bang Rak Samui Thailand 60 U Phu Quoc Vietnam 150 Eastin Easy Pen India 350 Travelodge Jatujak Bangkok Thailand 200 U Sochi Russia 600 U Gelendzhik Russia 600 U Crimea Russia 700 Travelodge Bangsean Thailand 160 Eastin Residences Sri Racha Thailand 180 Vienna House Vung Tau Vietnam 775 Total keys 16,513

Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

HOTEL IN OPERATION (29)

Section 2.1: Hospitality

MANAGED HOTELS (29+30)

Growth Engine that Benefits from Economies of Scale

Prepared by Investor Relations Department

U CITY PCL

15 Vienna House Diplomat Prague Vienna House Diplomat Prague Vienna House Andel's Berlin Vienna House Andel's Berlin Vienna House Andel's Berlin Vienna House Andel's Cracow

Section 2.1: Hospitality

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U CITY PCL

16 Vienna House Easy Braunschweig Vienna House Easy Amberg Vienna House Easy Amberg Vienna House Easy Katowice Vienna House Easy Bad Oeynhausen Vienna House Easy Bratislava

Section 2.1: Hospitality

Prepared by Investor Relations Department

U CITY PCL

17 Visualization Visualization Visualization Visualization Visualization Visualization Visualization Visualization

Section 2.1: Hospitality

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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: Hospitality

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U CITY PCL

19 Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn Eastin Grand Sathorn

Section 2.1: Hospitality

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U CITY PCL

20 Eastin Thana City Golf Resort Eastin Thana City Golf Resort Eastin Thana City Golf Resort Eastin Thana City Golf Resort Eastin Thana City Golf Resort Eastin Thana City Golf Resort

Section 2.1: Hospitality

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U CITY PCL

21 Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon Eastin Easy Aishwarya Talegaon

Section 2.1: Hospitality

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U CITY PCL

22 Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya Travelodge Pattaya

Section 2.1: Hospitality

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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

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U CITY PCL

RECURRING INCOME PROPERTY BUSINESS – OFFICE

Office Portfolio Snapshot

24

Section 2.2: Office

31,625 Sqm

Net Floor Area

92.4 %

Occupancy

Gracechurch Street Underwood Street Noble Comm. Space

Information in this presentation is based on 2Q 2019 financial reports, except indicated otherwise

TST Tower NET FLOOR AREA (SQM) & BLENDED OCCUPANCY RATE

8,747 8,747 8,747 8,747 8,747 8,747 8,747 8,747 2,370 2,370 2,370 2,370 2,370 2,370 2,370 2,370 16,115 16,064 16,961 16,067 16,067 16,061 4,447

100.0% 100.0% 100.0% 100.0% 100.0% 99.3% 91.2% 92.4%

3Q '17 4Q '17 1Q '18 2Q '18 3Q '18 4Q '18 1Q '19 2Q '19 Gracechurch Underwood TST Tower Noble %OCC

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U CITY PCL

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 150-year lease expiring on 18 Jan 2162 (Approximately 142 years unexpired) Head Rent GBP 204,000 p.a., with rent review every 5 years Building Specifications

• Comprehensively refurbished and extended in 2007
• NFA: 8,747 sqm

Tenants

• 6 tenants
• Average unexpired lease term of 5.1 years

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

Section 2.2: Office

33 GRACECHURCH STREET, LONDON

Prepared by Investor Relations Department

U CITY PCL

25

Section 2.2: Office

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’. Technology, media and telecommunications companies choose 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 85-year lease expiring on 25 Dec 2055 (Approximately 36 years unexpired) Head Rent GBP 111,250 p.a., with rent review every 14 years Building Specifications

• Comprises of 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

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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 office

TST TOWER

Property Details

Ownership Freehold Building Specifications

• High-rise office tower with multi-floor parking
• NFA: 16,061 sqm on 24 floors

Anchor Tenants

• BTS Group
• VGI Media
• Office of SME Promotion

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

Section 2.2: Office

Prepared by Investor Relations Department

U CITY PCL

NOBLE PLOENCHIT COMMERCIAL SPACE

28

12 commercial units, 4,447 sqm with a direct access from BTS Ploenchit

Property Details

Ownership Freehold Building Specifications

• 12 commercial units, direct access

from BTS Ploen Chit station

• NFA: 4,447 sqm

Tenants

• Noble Development Plc ("Noble")

NOBLE COMM. SPACE

Section 2.2: Office

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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

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U CITY PCL

RESIDENTIAL PROPERTY BUSINESS – SANSIRI JV

30

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 2017

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

Fully transferred

The LINE Sathorn

• 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 2,809mn

• No. of units: 231
• The BASE Phetkasem 29

Project value: THB 2,011mn

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

Project value: THB 6,381mn

• No. of units: 127
• The LINE Sathorn

Project value: THB 3,910mn

• No. of units: 327
• 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 5,887mn

• No. of units: 982
• The LINE Sukhumvit 101

Project value: THB 4,653mn

• No. of units: 778
• KHUN BY YOO

Project value: THB 4,066mn

• No. of units: 148
• The LINE Wongsawang

Project value: THB 4,763mn

• No. of units: 1,288
• The BASE Saphanmai

Project value: THB 2,919mn

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

Project value: THB 4,969mn

• No. of units: 880
• The BASE Ratchada-

Thapra

Project value: THB 3,050mn

• No. of units: 1,037

2022

• The Line Rama9 Pung Muang

Project value: THB 1,842mn

• No. of units: 315

2024

Section 2.3: Residential Property Business

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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

PRESALES BACKLOG SCHEDULE

(THB mn)

PRESALES UPDATE

Active Projects along Mass Transit Lines

(THB mn) 2Q 2019 1Q 2019 2Q 2018 % QoQ %YoY Value* 645 1,319 804

• 51.1%
• 19.7%
• No. of units

91 312 85

• 70.8%

7.1%

*Net of cancellations

6,935 5,148 3,461 1,142 16,685 2019 2020 2021 2022 Total Presales Backlog

(THB mn)

*Backlog as of 4 August 2019. Not equity adjusted

Section 2.3: Residential Property Business

RESIDENTIAL PROPERTY BUSINESS – SANSIRI JV

Presales Update and Backlog Schedule

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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

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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 30 JUNE 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

Section 3: Land Bank and Others

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U CITY PCL

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51 levels of mixed-use building comprising retail, office, hotel and premium residences

THE UNICORN

Project Details Project value Approximately THB 9.3bn Land Area 7.3 Rai or 1.2 Ha (11,749.6 sqm) GFA 120,395 sqm Location Adjacent to 2 mass transit stations: BTS Phayathai Station and Airport Rail Link

Status 11.9% Progress Project period Approximately 48 months Construction Period

3Q 2017 1Q 2022 Start Completion

Retail NFA: 2,816 sqm Hotel & Service Residence NFA: 28,274 sqm Office NFA: 22,499 sqm Section 3: Land Bank and Others

THE UNICORN, PHAYATHAI

Project at a Glance

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U CITY PCL

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The Unicorn: Commercial Preliminary Concept Design

Section 3: Land Bank and Others

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

ROI CHAK SAM

Project value Approximately THB 4.6bn Land Area 5.15 Rai or 0.82 Ha (8,240 sqm) Location On the Chao Praya Riverside, Soi Charoenkrung 36, Bangrak, Bangkok Concept Focus on the harmony between the heritage custom house and new building Management Company Luxury hotel brand Status New lease terms signed and during planning stage

Project Details A luxurious 5-star hotel project in a rare, historic, colonial- era heritage building located along magnificent Chao Praya Riverside, on Charoen Krung road. Section 3: Land Bank and Others

ROI CHAK SAM

Project at a Glance

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U CITY PCL

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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 Pre-K to grade 12

VERSO INTERNATIONAL SCHOOL

Project Details

Project value Approximately THB 4.8bn Land Area 79.4 Rai or 12.7 Ha (127,065 sqm) Location Thana City Concept Providing unique learning experience and paring modern technology and contemporary teaching techniques Status 55% Progress Project period Approximately 36 months Construction period Opening Date August 2020 2017 1Q 2020 Start Completion

Section 3: Land Bank and Others

VERSO INTERNATIONAL SCHOOL AT THANA CITY

Project at a Glance

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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

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U CITY PCL

COMPANY’S INFORMATION

39

STOCK PROFILE

* Bloomberg as of 19 August 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 (19 August 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 10,049mn Total Outstanding Shares 5,614mn Total Preference Shares 11,970mn

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

BOARD OF DIRECTORS Section 4: Company’s Information