CENTRAL PLAZA

HOTEL PCL.

16 May, 2016

Company Background

Hotel Business

Food Business

Financial Highlight & Outlook

2

3

COMPANY BACKGROUND

CENTRAL GROUP & CENTEL OVERVIEWS

4

CENTEL’S Shareholders @Mar 31, 16

“Chirathivat” family65%

Local investors 20%

Foreign investors 15%

Symbol: CENTEL

Sector: Tourism

Div Policy: 60%

Price: Bt38.75

(as of 12/05/16)

Market Cap: Bt52,313mn

Equity market information

Yuwadee

ChirathivatCEO

Pascal

BillaudCEO

Suthisarn

ChirathivatCEO

Worawoot

OunjaiCEO

Central Group Business Unit

Preecha

EkkunagulCEO

Edwin Yap

HawsonCEO

Thirayuth

ChirathivatCEO

Thiradej

ChirathivatCEO

Tos ChirathivatGroup CEO

CENTEL

Phillippe

BroianigoCEO

Vietnam

MILESTONES

5

CENTEL’s MILESTONE

introduced

“Mister

Donut”

1st hotel,

“Centara

Grand at

Central

Ladprao

Bangkok”

Authorized

franchisee

of KFC

Franchisee

of Auntie

Anne’s

Listed in

The Stock

Exchange

of Thailand

(SET)

Capital

increase

of Baht

500

million

Capital

increase of

Baht 450

million

Par splited

from Baht 5

to Baht 1

Rebranding

hotel brand

from

“Central” to

“Centara”

Centara

Grand at

Central

World

Launched

Property

Fund

(Centara

Grand

Samui)

Centara

Grand Mirage

Beach Resort,

Pattaya

Opening the

1st oversea

JVs in

Maldives

“Centara

Grand Resort

& Spa,

Maldives”

Terminated

Pizza Hut and

Baskin Robbins

and introduced

Beard Papa’s

Opening

Centara

Grand

Phuket

Bought 5

new brands

into

portfolios

Acquired

“Ootoya”

home

cooking

style

Japanese

restaurant

Co

rpo

rate

Fo

od

bu

sin

ess

Ho

tel

bu

sin

ess

Introduced

Pepper

Lunch

Step up

acquisition of

• Centara

Karon,

(Feb)

• Centara

Maldives

(Mar)

• Centara

Grand

Maldives

(Dec)

Centara

Maldives

(24-Mar)

Terminated

Café

Andonand

Introduced

“Tenya” into

portfolio

Step up

acquisition of

Centara

Kata

(7-Oct)

Terminated

Beard Papa’s

Introduced

“katsuya” into

portfolio

1978 1983 1984 1990 1991 1998 2006 2007 2008 2009 2010 2011 2012 2013 2014

BUSINESS CONTRIBUTION 2015

47%

70% 69%

53%

30% 31%

Total

Revenue*

EBITDA NPAT

Hotel Food

6

91%

9%

Total Revenue and Profit by Segment

Thailand

Overseas

* Excluded equity gain (loss) from property fund, amortization of deferred rental income

Total Revenue by Geography

7

HOTEL BUSINESS

BRANDS & KEY STRATEGY

Asset Right Strategy

Asset Light

Strategy

8

� Focusing on expansion of portfolios through hotel

management business

� Investing in property (100% equity or JVs)

using internal cash flow and leverage,

subject to internal guideline

2 Key Strategies Key Brands

BrandsTraditional

LodgingIndependent

TravelersExtended

Stay

Grand Design

Exclusively Yours

Designed & Focused

Value Proposition

EconomyBrand

HOTEL PORTFOLIOS AS AT 1 MAY 16

99*2 COSI hotels, **2 New Maldives projects, *** incl. contracts on hand only

Total portfolios

Owned hotels

PropertyFund

Managed hotels

Total% (by

rooms)

Thailand3,809(14)

202(1)

4,620(27)

8,631(42)

68%

Overseas552(4)

-3,464

(15)

4,016(19)

32%

Total Rooms(Hotels)

4,361(18)

202(1)

8,084(42)

12,647(61)

100%

Hotels in operation

Owned hotels

PropertyFund

Managed hotels

Total% (by

rooms)

Thailand3,358

(12)

202

(1)

3,529

(21)

7,089

(34)91%

Overseas252

(2)-

409

(4)

661

(6)9%

Total Rooms (Hotels)

3,610

(14)

202

(1)

3,938

(25)

7,750

(40)100%

Hotels in pipeline

Owned hotels

PropertyFund

ManagedHotels

Total% (by

rooms)

Thailand451*

(2)-

1,091

(6)

1,542

(8)31%

Overseas300**

(2)-

3,055

(11)

3,355

(13)69%

Total Rooms(Hotels)

751

(4)-

4,146

(17)

4,897

(21)100%

254 301 437 550514

2,495346

4 2

105

-40

-30

-20

-10

0

10

20

-500

500

1,500

2,500

3,500

4,500

2016F 2017F 2018F 2019F

Overseas Thailand # of hotels

21 Hotels in pipeline by target opening year***

Remark: Overseas include Indonesia, Laos, Maldives, Sri Lanka, Doha, Oman, Cuba and China

IND2 hotels

Maldive

s5 hotels

CHN1 hotel

THA

42 hotels

INDO2 hotels

Total Portfolios: 61 hotels with 12,647 rooms

Maldives4 hotels

CHN3 hotels

VNM4 hotels

Srilanka1 hotel

Middle East3 hotels

LAOS1 hotel

CUBA1 hotel

FEEDER MARKET FY15 and 1Q16

10

CENTARA’s Guests by room nights

27%

10%

37%

3%

17%

2% 4%

36%

9%

31%

3%

15%

3% 3%

Asia AUS EU Middle

East

THA USA Others

FY14 FY15

34%

6%

40%

3%

12%

2% 3%

36%

5%

39%

3%

12%

3% 2%

Asia AUS EU Middle

East

THA USA Others

1Q15 1Q16

HOTEL PERFORMANCE SNAPSHOT

11Noted: Performance of owned hotels

Noted: **Excluded extra items and deferred rental income from PFPO

EBITDA Margin

8,316 9,046

2,719 2,803

FY14 FY15 1Q15 1Q16

Total Revenue

Total Revenue** (Btm)

3,812 3,812 3,812 3,812

4,7733,908 3,993 3,938

FY14 FY15 1Q15 1Q16

Managed Hotels

Owned + JVs Hotels

Number of rooms

2,6362,951

1,187

1,168

FY14 FY15 1Q15 1Q16

EBITDA (Btm)

31.7% 32.6%

43.7% 41.7%

FY14 FY15 1Q15 1Q16

+12%

+9%

+3%

-2%

ARR (Bt) 2014A 2015A % Chg 1Q15 1Q16 % Chg

Bangkok 3,112 3,248 4.4% 3,148 3,411 8.3%

Upcountry 3,987 4,017 0.7% 5,199 5,056 -2.8%

Maldives 17,455 19,133 9.6% 21,931 24,587 12.1%

Average 4,855 4,809 -1.0% 5,782 5,870 1.5%

OCC (%) 2014A 2015A Chg 1Q15 1Q16 Chg

Bangkok 61.6% 81.3% 19.7% 85.0% 85.0% -

Upcountry 78.9% 79.6% 0.7% 84.9% 88.0% 3.1%

Maldives 90.6% 86.2% -4.4% 89.8% 85.3% -4.5%

Average 74.8% 80.5% 5.7% 85.3% 87.0% 1.7%

RevPar (Bt) 2014A 2015A % Chg 1Q15 1Q16 % Chg

Bangkok 1,917 2,642 37.8% 2,677 2,898 8.2%

Upcountry 3,146 3,197 1.6% 4,416 4,448 0.7%

Maldives 15,814 16,495 4.3% 19,687 20,982 6.6%

Average 3,632 3,872 6.6% 4,932 5,104 3.5%

CENTARA vs. MARKET PERFORMANCE

12

24.829.9

7.8 9.0

+20%

74% 80% 85% 87%

56% 62% 68% 70%

-200%

-150%

-100%

-50%

0%

50%

100 %

0.0

10.0

20.0

30.0

40.0

50.0

60.0

FY14 FY15 1Q15 1Q16

Tourist Arrivals CENTEL - OCC (Thailand) Industry - OCC

Source: BOT* Source: National Economics and Social Development Board - NESDB

+15%

Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Hat Yai Tak Total

# Rooms 1,077 252 827 555 249 302 192 245 113 3,812

% of Total Rooms

28.3% 6.6% 21.7% 14.6% 6.5% 7.9% 5.0% 6.4% 3.0% 100%

%RevPar Growth

(FY15) – Y-o-Y37.8% 4.3% -2.2% -0.9% 5.4% 5.2% 6.3% 9.6% -0.2% 6.6%

%RevPar Growth

(1Q16) – Y-o-Y8.2% 6.6% -3.7% -3.6% 3.4% 6.0% 11.6% 5.4% 21.3% 3.5%

REVENUE CONTRIBUTION BY LOCATION

26%

21%

16%14%

8% 7% 6% 3%

30%

19%16%

13%

7% 7% 6%2%

Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Others

FY14 FY15

13

Revenue

26%

19%18%

13%

8%7% 7% 2%

26%

21%

17%

12%

8% 7% 7%

2%

Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Others

1Q15 1Q16Revenue

14

FOOD BUSINESS

BRANDS AND KEY STRATEGY

15

Owned-Outlet Expansion

Acquisition

Joint Venture

Key Strategy10 Brands

(Franchise Agreements)

1 Brand

(In House)

Establishment

1978

1984

1988

2007

2010

2011

2013

2014

� Joint venture with

partner

� Acquisition

� Existing brands expansion

across Thailand

All expansion plans are expected to be supported by

internal cash flows and debt.

PORTFOLIOS AS AT 31 MARCH, 2016

16

Brands # Outlets

KFC 207

Mister Donut 319

Auntie Anne’s 129

Ootoya 47

Pepper Lunch 17

Cold Stone 17

The Terrace 15

Chabuton 17

Yoshinoya 18

Tenya 4

Katsuya 10

Total 800

3% in

the West

7% in

the North

60%in Central

10% in

the East

12% in

Northeast

8% in

the South

Outlets and Revenue Contribution:

37% of total outlets and 35% of

total food revenue are fromBangkok

37%

Bangkok Contribution

35%

By Location By Revenue

FOOD PERFORMANCE SNAPSHOT

1.4%

-0.7%

0.6%

-0.1%

9.3%

2.0%

5.6%

3.2%

FY14 FY15 1Q15 1Q16

SSS TSS

17

9,967 10,170

2,426 2,503

FY14 FY15 1Q15 1Q16

Total Revenue (Btmn)

781792

777

800

FY14 FY15 1Q15 1Q16

Number of Outlets

9371,258

297 291

9.4%

12.4% 12.2%11.6%

0%

2%

4%

6%

8%

10%

12%

14%

0

1,0 00

2,0 00

FY14 FY15 1Q15 1Q16

EBITDA (Btmn) EBITDA Margin

+1%

+2%

+34%

+3%

-2%

+3%

REVENUE CONTRIBUTION BY BRANDS

18*Other heavy food include Pepper Lunch, Chabuton, The Terrace, Yoshinoya, Tenya, Katsuya and Ryu (terminated 1Q16)**Other light food include Cold Stone.

54%

19%9% 7% 9% 2%

55%

19%

8% 7% 9%2%

KFC MD OOTOYA AA Other

Heavy

Food

Other

Light

Food

FY14 FY15

FY15 KFC Mister Donut Auntie Anne’s Ootoya Other heavy food* Other light food** Total

#Outlets (FY15) 207 318 129 47 75 16 792

Y-o-Y growth (#outlet) 2.0% -1.9% 3.2% - 10% 14% 1%

#Outlets (1Q16) 207 319 129 47 81 17 800

Y-o-Y growth (#outlet) 2.5% -1.2% 2.4% 2.2% 20.9% 30.8% 3.0%

55%

18%9% 7% 8% 3%

55%

18%8% 8% 10%

2%

KFC MD OOTOYA AA Other

Heavy

Food

Other

Light

Food

1Q15 1Q16

19

Financial Highlight and Outlook

LT debt,

4,667MB ,

56%

DEBT PROFILE AS AT 31 March, 2016

396.5

4,999.0

2,913.5

2.0

O/D and ST/L Debentures LT/L Finance Lease

Liabilities

20

Bt8,311mn Interest Bearing Debt with Average Cost of Debt at 3.9%

Unit: Btmn

Floating rate,

4,108MB , 49%

USD

loans,

22%

Baht

loan,

78%

Loan breakdown by type

Loan breakdown by type

Key financial ratios FY15 1Q16

Net Debt*/Equity 1.16 0.99

IBD/Equity 0.87 0.77

*excl. amortised deferred income from property fund

GUIDANCE 2016

21

Hotel FY15A FY16F

Occupancy 81% 81% -82%

RevPar 7% 4% - 5%

Revenue from operation 7% 4% - 5%

Food FY15A FY16F

SSS -1% Flat

TSS 2% 4%

Outlet Expansion 1% 4%

Key drivers

•Bangkok Hotels in particular Centara Grand at Central

World

•Centara Grand Maldives – post renovation

Key Challenges

•High Competition in Pattaya and Phuket due to changes in

guest mix

Key Factors

Key Drivers

• Top 3 brands KFC, Mister Donut, Auntie

Ann’s

• Continued efforts on cost control

Key Challenges

•Slim economic growth and weak domestic

consumption

Key Factors

DEVELOPMENT HIGHLIGHT

22

� 15,000 rooms (>70 hotels)� >1,000 outlets

� 7,720 rooms (40 hotels)� 792 outlets of 12 brands

� 5,726 rooms (32 hotels)� 512 outlets of 8 brands

23

THANK YOU

24

HOTEL IN OPERATION AS AT 1 MAY 2016 (1/2)

Total 40 hotels in operation as at 1 May

2016 with 7,750 rooms (including 15 owned

hotels and 25 hotels under managementcontract).

Hotel Name #Rms Country

Owned Hotels

1Centara Grand at CentralWorld

512 Thailand

2 Centara Grand Ladprao 565 Thailand

3 Centara Grand Hua Hin 249 Thailand

4 Centara Grand Phuket 262 Thailand

5 Centara Grand Krabi 192 Thailand

6Centara Grand Mirage Pattaya

555 Thailand

7 Centara Villas Phuket 72 Thailand

8Centara Karon Resort Phuket

335 Thailand

Hotel Name #Rms Country

Owned Hotels (continued)

9Centara Mae Sot Hill Resort

113 Thailand

10 Centara Hat Yai 245 Thailand

11 Centara Villas Samui 100 Thailand

12 Centara Grand Maldives 112 Maldives

13 Centara Maldives 140 Maldives

14Centara Kata Resort Phuket

158Thailand

Property Fund Hotel

15 Centara Grand Samui 202 Thailand

Asset types # Properties #Rms

Owned & JV hotels 15 3,812

Hotels under management contracts

25 3,938

Grand total 40 7,750List of 15owned & JV hotels (3,812rooms)

25

Hotel Name #Rms Country

30 Centara Koh Chang Resort 157 THA

31 Centra Government Complex 204 THA

32 Centra Coconut Beach Samui 55 THA

33Centara Watergate Hotel & Spa Bangkok

281 THA

34Khao Lak Seaview Resort & Spa, Centara

230 THA

35 Centra Central Station Bangkok 150 THA

36Centara Grand Phrathamnak Resort Pattaya

165 THA

37 The Blue Marine Resort & Spa Phuket 266 THA

38 CentaraCeysandsResort & Spa Srilanka 165 SRI

39 Centra Avenue Hotel Pattaya 51 THA

40 Centra Maris Resort Jomtien 282 THA

Hotel Name #Rms Country

Managed Hotel

16 Khum Phaya Resort, Boutique 87 THA

17 Centara Udon Thani 259 THA

18 Centara Chaan Talay, Trat 44 THA

19 Centara Sappaya, Rayong 42 THA

20 Centra Ashlee Hotel Patong 110 THA

21 Centara Anda Dhevi, Krabi 135 THA

22 Centara Plaza Hotel Pattaya 152 THA

23 Nova Hotel & Spa Pattaya, Boutique 79 THA

24Chen La Resort & Spa Phu Quoc, Boutique

36 VNM

25 Waterfront Suites Phuket 39 THA

26 Centra Taum Resort Bali 90 IND

27 Centara Grand West Sands, Phuket 545 THA

28 Centara Hotel Khonkaen 196 THA

29Sandy Beach Non NuocResort DanongVietnam Managed by Centara

118 VNM

List of 25 hotels under management contract (3,938 rooms)

Hotels in Operation as at 1 May 16 (2/2)

Opened in 1Q16

HOTEL IN OPERATION AS AT 1 MAY 2016 (2/2)