Quarterly Meeting # 2/2015

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Dale Bryan
5 years ago
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1 Quarterly Meeting # 2/2015 1Q15 Performance & Outlook 18 May 2015

2 The views expressed here contain some information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness or reliability of the information. Any forward looking information in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by The Erawan Group PLC. Nothing in this release should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction ERAWAN. All rights reserved.

3 Executive Summary Recovery continued in 1Q15, international tourist arrival +24% Y-Y. Growth witnessed in key source markets. Operating income increase 45% in 1Q15 and expected strong growth in 2015 for both existing and new hotels Full operation for 12 new hotels opened in new hotels will be opened by 4Q15 Asset Monetization program in process, expected to complete in ERAWAN. All rights reserved.

5 International Tourist Arrivals Millions 3.0 YTD 7.88 millions, +24% y-y +16% +30% +25% 2012 YTD 5.74 M 2013 YTD 7.01 M 2014 YTD 6.38 M 2015 YTD 7.88 M YoY % % % 10% 0% -10% % 0.0 Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec -30% Source : Department of Tourism as of Mar ERAWAN. All rights reserved.

7 Tourist Arrivals by Source Markets 24% The Americas 4% Oceania South 3% Asia 4% Middle East 2% Africa 0% Continent YoY Growth East Asia 56% Europe 16% Europe 24% East Asia 63% The Americas 7% South Asia 16% Oceania 4% Middle East 28% 1Q15 Contribution Africa 2% Source : Department of Tourism as of Mar ERAWAN. All rights reserved.

8 Tourist Arrivals by Key Source Markets FY13 Weight Source : Department of Tourism as of Mar-15 FY14 Weight 1Q15 Weight 1Q15 Y-Y 1Q15 3Y/CAGR China 17% 19% 26% 96% 52% Malaysia 11% 11% 11% 71% 13% South Korea 5% 5% 5% 19% 9% Russia 7% 6% 4% 54% 11% Japan 6% 5% 5% 17% 3% Laos 4% 4% 3% 5% 1% United Kingdom 3% 4% 3% 2% 1% United States 3% 3% 3% 5% 3% India 4% 4% 3% 14% 3% Germany 3% 3% 3% 7% 5% Other 37% 36% 34% 14% 5% Grand Total 100% 100% 100% 24% 11% ERAWAN. All rights reserved.

10 Room Revenue by Country of Residence Growth Witnessed in all Key Source Markets Country 1Q15 Contribution Y-Y China 13% 134% Thailand 13% 92% United States 11% 28% Singapore 5% 139% Hong Kong 5% 291% India 5% 94% Germany 4% 25% United Kingdom 4% 24% Australia 4% 27% South Korea 3% 76% Others 33% 16% Total Group 52% ERAWAN. All rights reserved.

15 Operating Income 1Q15 Segment Contribution Y-Y Luxury 53% 47% Midscale 23% 90% Economy 20% 10% Budget 1% N/A Rental 3% 3% 1Q15 Destination Contribution Y-Y Bangkok 64% 61% Pattaya 16% 53% Phuket 9% 21% Samui 6% 2% Huahin 2% 4% Krabi 2% N/A Other 1% N/A Total Group 45% Total Group 45% ERAWAN. All rights reserved.

17 EBITDA 1Q15 Segment Contribution Y-Y Luxury 47% 141% Midscale 25% 142% Economy 22% 4% Budget 1% N/A Rental 5% 5% 1Q15 Destination Contribution Y-Y Bangkok 63% 173% Pattaya 19% 41% Phuket 7% 47% Samui 6% 6% Huahin 2% 1% Krabi 2% N/A Other 1% N/A Total Group 81% Total Group 81% ERAWAN. All rights reserved.

18 Consolidated Profit & Loss Statement In Baht Millions 1Q14 1Q15 %Y-Y Hotel Income 953 1,398 47% Rental and Service Income % Total Operating Income 1,001 1,448 45% Other Income 9 9 4% Total Income 1,010 1,457 44% Operating Expenses (738) (966) 31% EBITDA % Share of Profit in ERWPF 5 7 ERWPF Rental Payment (28) (28) Depreciation (159) (177) Interest Expenses (86) (99) Taxes (11) (39) Minority Interest 10 (15) Net Profit/(Loss) ,435% EBITDA Margin (%) 27% 34% ERAWAN. All rights reserved.

19 Summary of Financial Position Baht Million 16,000 Total Assets Total Liabilities & Equity ST Loan 12,000 LT Loan 8,000 Other Liabilities 4,000 Equity 0 FY2013 FY2014 1Q15 FY2013 FY2014 1Q ERAWAN. All rights reserved.