MAJOR CINEPLEX GROUP PLC.

LIFESTYLEentertainment

Analyst Meeting 3Q15Paragon Cineplex, 9th November 2015

Quarterly Briefing

3Q15

Financial Highlights3Q15 QUARTERLY BRIEFING

• Revenue growth from Blockbuster movies , New branches , increasing of guest count in Cambodia & price increased.

• Gross margin dropped mainly from Movie contents business & high costs from Blockbuster movies.

• Net profit improved from

• Efficiency expenses management.

• Profit from divestment in PVRL.

• High profit from portfolio.

Amt. %

Revenue 2,153 100% 2,189 100% 37 2%

Gross margin 803 37% 739 34% (63) -8%

EBITDA 620 29% 696 32% 75 12%

EBIT 412 19% 465 21% 53 13%

Net Profit 293 14% 343 16% 50 17%

Bt.Million 3Q14 3Q15growth

Amt. %

Revenue 6,499 100% 6,605 100% 105 2%

Gross margin 2,418 37% 2,356 36% (61) -3%

EBITDA 1,827 28% 2,069 31% 242 13%

EBIT 1,222 19% 1,412 21% 191 16%

Net Profit 879 14% 1,032 16% 153 17%

Bt.Million 9M14 9M15growth

Net profit & Margin3Q15 QUARTERLY BRIEFING

Margins 3Q14 3Q15 variance

Admissions 18% 12% (6%)

Concessions 71% 65% (6%)

Advertising services 86% 85% (1%)

Bowling group 37% 36% (1%)

Rentals & services 19% 20% 1%

Movie Contents 9% 12% 4%Consol 37% 34% (4%)

3Q14 3Q15

Net Profit

+17% (50mb.)

Bt.

mill

ion

Revenue

+2% (37mb.)

3Q14 3Q15

-9%(21mb.)Net profit Excl. gain from divestment.

Gross margin dropped from; Cinema : from 12 branches expansion.

Concession : from clearance sale (old bucket set).

Advertising : from more movies events.

Bowling : from performance dropped.

3Q14 3Q15

3Q14 3Q15

3Q14 3Q15

293

343

230209

3Q15 QUARTERLY BRIEFING

12

7

11

63Q14 3Q15

1,0

77

1,0

82

3Q14 3Q15

3Q14 3Q15

12

7

12

9

3Q14 3Q15

15

6

17

1

3Q14 3Q15

31

7

33

2

3Q14 3Q15

3Q14 3Q15

Revenue

+2% (37mb.)

Admissions

+0.4%(5mb.)

Concession

+5%(16mb.)

Advertising

+3%(11mb.)

Bowling

group

-9%(-12mb.)

Retails

+2%(3mb.)

Movie

Content

+10%(15mb.)

• Revenue growth in every businesses except Bowling business.

•Bowling revenue dropped from closed down 3 locations (34 bowling lanes, 45 karaoke rooms) and declined performance.

Bt.

mill

ion

3Q14 3Q15

3Q15 Revenue Breakdown

3Q15 QUARTERLY BRIEFING9M15 Revenue Breakdown

35

2

33

09M14 9M15

3,3

33

3,4

75

9M14 9M15

1,0

07

1,0

31

9M14 9M15

853

95

6

9M14 9M15

38

4

39

5

9M14 9M15

571

41

7

9M14 9M15

6,4

99

6,6

05

9M14 9M15

Revenue

+2% (105mb.)Admissions

+4%(142mb.) Concession

+2%(24mb.)

Advertising

+12%(104mb.)

Bowling

group

-6%(-21mb.)

Retails

+3%(11mb.)

Movie

Content

-27%(154mb.)

•9M15 core businesses (Admission rev., Concession rev., Advertising rev.) performance still positive.

Bt.

mill

ion

9M14 9M15

Revenue : Admissions Sale3Q15 QUARTERLY BRIEFING

-

Q Q Q Q Q Q Q

Guest Count(million) ATP

Q Q

No.of Screen

Q Q

1,07

7

1,08

2

3Q14 3Q15

Bt.

mill

ion

3Q15+67 new screens(12 branches)

No. of Screens

Guest Count & ATP

Excl

.Co

mp

lem

enta

ry

ATP increased from raise the ticket price and manage price tiers and promotionin each locations.

Admissions sale

+0.4%(5mb.)

+67 screens

+11%(16bt.)

-11%(0.8m)

3Q14 3Q15

Revenue : Admissions Sale3Q15 QUARTERLY BRIEFING

197

838

172

845

-

100

200

300

400

500

600

700

800

900

Thai Movie Foreign Movies

3Q14 3Q15

Bt.

mill

ion

1,07

7

1,08

2

3Q14 3Q15

Admissions sale

+0.4% (5mb.)

3Q14 3Q15

3Q15: Thai movies under perform.

Admission sale by segment

(Bt.million)

“3Q14” “3Q15”

Revenue : Concession3Q15 QUARTERLY BRIEFING

238

452

317 315262

436

332

65%70% 71% 69% 71% 70%

65%

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15

Concession Sales %Concession margins

317

33

2

3Q14 3Q15

Bt.

mill

ion

812914

1,1751,310

64% 64% 69% 70%

2011 2012 2013 2014

Chart Title

Concession Sales %Concession margins

• Concession sales growth from popular bucket sets

• Margin dropped from clearance sale (old bucket set)

Concession sale

+5%(16mb.)

3Q14 3Q15

Revenue : Advertising3Q15 QUARTERLY BRIEFING

0

50

100

150

200

250

300

350

400

450

500

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15

Advertising revenue Margin

3Q14 3Q15

• Revenue growth from movie highlight, expansion screens

and sponsor of film production (โจหัวแตงโม)

• Gross margin dropped from more movies events.

Bt.

mill

ion

Advertising sale

+3%(11mb.)

3Q14 3Q15

Revenue : Bowling Group3Q15 QUARTERLY BRIEFING

111 113 127 129104 110 116

35% 35%37% 36%

28%31%

36%

0%

10%

20%

30%

40%

50%

60%

0

50

100

150

200

250

300

350

400

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15

Bowling group revenues margins

12

7

11

6

3Q14 3Q15

Bt.

mill

ion

• Revenue dropped from 3 locations closed down and Activity “Bowling world tour” postponed.

• Gross margin improved from 2Q15 by efficiency cost management.

Bowling group sale

-9%(-12mb.)

3Q14 3Q15

Revenue : Retails3Q15 QUARTERLY BRIEFING

128 129 127 136 132 133 129

-

-

-

-

-

0

50

100

150

200

250

300

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15

Rental&services Rev. margins

12

7

12

9

3Q14 3Q15

• Revenue increased at Center point - Ratchayothin and Mini mall at Aomyai and raised the price at Metropolis.

• Occupancy increased from 90.5% to 91.4%

• Gross margin maintained.

Bt.

mill

ion

Retails sale

+2%(3mb.)

3Q14 3Q15

Revenue : Movie Contents3Q15 QUARTERLY BRIEFING

15

6

17

1

3Q14 3Q15

Bt.

mill

ion

Revenue growth from increasing sale agent for home entertainment.

Movie content sale

+10%(15mb.)

3Q14 3Q15

Sales of VCD and

DVD

Film rights

distribution

Film Production Others

Q Q

+48%(43mb.)

-25%(-10mb.)

-69%(-13mb.)

-86%(-5mb.)

B/S Snapshot3Q15 QUARTERLY BRIEFING

0.42 0.40

0.700.62

0.70

0.560.65

-0.50

-0.30

-0.10

0.10

0.30

0.50

0.70

0.90

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2011 2012 2013 2014 1Q15 2Q15 3Q15

Net interest-bearing debts Equity Net D/E

6,387 6,533

7,546 7,69213,932 14,224

Dec 31,14 Dec 31,14 Sep 30,15 Sep 30,15

Dec 31,14 Sep 30,15

AS

SET

S

AS

SET

S

EQU

ITY

EQU

ITY

LIA

BIL

ITIE

S

LIA

BIL

ITIE

S

0.60

0.51

0.420.34

-0.50

-0.30

-0.10

0.10

0.30

0.50

0.70

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

YE09 YE10 YE11 End of 1Q12

Net interest-bearing debts Equity Net D/E

Loan increased from expansion branch.Bt.million Dec 31,14 Sep 30,15 %chg

Assets 13,932 14,224 2.1%

Liabilities 7,546 7,692 1.9%

Equity 6,387 6,533 2.3%

vs. Interest-bearing debtsInvestments Portfolio3Q15 QUARTERLY BRIEFING

Bt.million

Investments %Share (as

of 3 Nov'15)

Cost per

Share

Market

value*Major's Cost Gain(Loss)

Siam Future 23.29% 2.60 2,482 1,074 1,408

MJLF 33.00% 10.00 1,492 1,089 403

MPIC 92.46% 1.67 1,827 2,003 (176)

PVRL 3.95% 120.45 783 221 562

Total 6,585 4,387 2,198

*% Share & Closing price on 3 Nov'15

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Bt.million

Interest-bearing debts Sep 30,15

Bank OD & ST loans 2,442

CP of LT borrowings 910

LT borrowings 309

Debentures 1,000

Total 4,662

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6,387 6,533

7,546 7,69213,932 14,224

Dec 31,14 Dec 31,14 Sep 30,15 Sep 30,15

• Investment portfolio as of 3 Nov,2015:• 92.46% in M Pictures Entertainment Plc. (MPIC)• 23.29% in Siam Future Development Plc. (SF) • 33.00% in Major Cineplex Lifestyle

Leasehold Property Fund (MJLF)• 40.00% in ThaiTicketMajor Co., Ltd.• 3.95% in PVR Limited (PVRL)• 49.00% in PVR blu-O Entertainment Limited• 70.00% in Major Platinum Cineplex

Co.,ltd.(Cambodia)

Sep 30,15

AS

SET

S

EQU

ITY

LIA

BIL

ITIE

S

LIFESTYLEentertainment

GROWTH POTENTIALS

GROWTH POTENTIALS

*Please note that release dates are subject to change.

LIFESTYLEentertainment

Blockbuster Highlight Released In 2016 Mega Blockbuster in Year 2016 are still attractive.

Superhero-related, sequels or animated films are continuous released.

Year 2016

Batman VS Superman: Dawn of Justice

Suicide Squad

Captain America 3

X-Men Apocalypse

Amazing Spider-Man 3

Deadpool

Resident Evil: The Final Chapter

The Divergent Series: Allegiant Part 1

Independence Day 2 Resurgence

Teenage Mutant Ninja Turtles 2

London Has Fallen

Kung Fu Panda 3

Ice Age 5

Frozen 2

Finding Dory

Knights of the Round Table King Arthur

GROWTH POTENTIALS

*Please note that release dates are subject to change.

LIFESTYLEentertainment

1Q16 Blockbuster Highlight1Q16

Deadpool (Fox)

Batman V Superman : Dawn of Justice (WB)

Kung Fu Panda 3 (Fox)

Zoolander 2 (UIP)

Pride and Prejudice and Zombie (Mongkol)

The New Adventures of Aladin (MPIC)

London Has Fallen (MPIC)

Victor Frankenstein (Fox)

13 Hours: The Secret Soldiers of Benghazi (UIP)

Joy (Fox)

The Revenant (Fox)

Steve Jobs (UIP)

The Finest Hours (Disney)

YouTube Channel: Major Trailers 70,000 Subscriber

Facebook: www.facebook.com/MajorGroup 2,326,000 Fan page

Twitter: MajorGroup 1,100,000 Followers

Instagram: MajorFriends 201,000 Followers

Mobile Application 5,050,000 Download

GROWTH POTENTIALS

18

Major is expert in online entertainment and interesting in online media.

LIFESTYLEentertainment

ID line: MajorFriends 15,107,000 Friends

GROWTH POTENTIALS

19

•Customers can book the ticket through many channels like E-Ticketing Machines, Mobile Application (iOS, Android), Major Cineplex’s website, also customers can pick up the tickets by using barcode at kiosks or receive the tickets at 7-11 (Convenience store)

•87% of admission revenue comes from non box office (Data as of 3Q15)

•Those technology will come to replace manpower in box office areas.

LIFESTYLEentertainment

Online Booking: E-Ticketing, Mobile Application and Online ticketing

E-Ticketing Machine496 Units

MAJOR CINEPLEX GROUP LIFESTYLEentertainment

Expansion Plan: 85 new screens additional (Total 600 Screens)

2Q12 2Q13

(Data as of November 2015)

No. Location Screens Opening Date1 Emquartier (Opened 1Apr) 82 Lotus Nakornsrithammarat (Opend 10Apr) 43 Central Rayong (Opend 27May) 84 Big C Nan (Opend 29May) 25 Big C Udonthani (Opened 9July) 46 Sahathai Suratthani (Opened 16July) 77 Vientiane Center, Laos (Opened 7August) 58 Lotus Suratthani (Opened 20August) 69 Central West Gate (Opened 28August) 12

10 Central Samui (Opened 9October) 311 Lotus Khon Kaen (Opened 15October) 512 Promanade (Opened 23October) 8

13Central East Ville (Ekamai - Ramindra)

(Open 27November)8

14 Diana (Hat Yai) (Open 25 December) 5

2Q15(22 Screens)

3Q15(34 Screens)

4Q15(29 Screens)

1 Big C Ratburanah 42 Big C Ratchaburi 43 Lotus Yasothon 34 Big C Lampang 55 Lotus Nadee (Udon) 5

Remark* Screen postponed to 1Q16

LIFESTYLEentertainment

INTERNATIONAL PROJECT

International ProjectIndia: PVR Cinemas

LIFESTYLEentertainment

Currently, PVR cinemas has got 477 Screens in 107 Locations.

Major hold 3.95% of PVR Cinemas (PVRL)

PVR Cinemas is now India's Largest Multiplex Chain.

International ProjectIndia: PVR BluO

LIFESTYLEentertainment

Currently, PVR BluO has got 125 Bowling lanes in 7 Locations.

International ProjectCambodia

LIFESTYLEentertainment

Cambodia: Major is partnering Japan's Aeon

Mall to operate a cinema complex in Cambodia's capital with 7 screens comprising five standard cinemas, one VIP cinema and one 4D cinema (1,560 seats) and 14 bowling lanes .

The investment of 150 million baht will be made through a holding company of Major's international joint venture with a local firm. Major hold 70% of JV.

This project opened since 30th June 2014

The first year since Major Cineplex Cambodia opened, become the biggest cinema chain with 70% market share and 850,000 admissions has been sold.

International ProjectLaos

LIFESTYLEentertainment

Laos: Major will open a cinema complex called

“Major Platinum Cineplex By Huawei”in Vientiane center with 5 screens (1,150 seats).

The investment of 50 million baht will be made through a holding company of Major's international joint venture with Platinum Cineplex Ltd. (Local). Major hold 60% of JV.

This project opened since 7th Aug 2015.

Also the second project in Laos partnering THE LAOS World Trade Centre (WTC) and Major Cineplex Group have signed a cooperation agreement to open a new cinema complex in Vientiane in the signing ceremony in Bangkok on July 24.

LIFESTYLEentertainment

Thank You

LIFESTYLEentertainment