Company Presentation November 2012

Anantara Uluwatu, Bali

2

Statements included or incorporated in these materials that use 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, are "forward-looking statements" within the meaning 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. MINT undertakes no obligation to publicly update or revise any forward-looking statement,

whether as a result of new information, future events or otherwise. MINT makes no representation whatsoever about the opinion or

statements of any analyst or other third party. MINT does not monitor or control the content of third party opinions or statements and

does not endorse or accept any responsibility for the content or the use of any such opinion or statement.

FORWARD LOOKING STATEMENT Disclaimer

3

AGENDA 9M12 & 3Q12 Results Recap

Appendix

The Path to our 5-Year Aspirations

Anantara Sanya, China

9M12 & 3Q12 Results Recap

4 4 The Coffee Club flagship store in Ekamai, Bangkok

-

2,000

4,000

6,000

8,000

10,000

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Restaurant Hotel & Mixed-Use

Retail Trading Gain on Reclassification

5

3Q12 & 9M12 Results 9M12 REVENUE INCREASE OF 21%

THB million +12% YoY

(Excl S&P Gain)

6,679

MINT REPORTED 9M12 REVENUE INCREASE OF 21% YoY (EXCLUDING ONE-TIME GAIN), ATTRIBUTABLE TO STRONG PERFORMANCE OF HOTEL & MIXED-USE AND RESTAURANT BUSINESSES, FULL OPERATIONS OF ANANTARA KIHAVAH IN THE MALDIVES AND ST. REGIS HOTEL BANGKOK, INCREASED POPULARITY OF ANANTARA VACATION CLUB, TOGETHER WITH CONSOLIDATION OF OAKS.

6,278

8,030

of Investment in S&P

7,345

8,768*

Restaurant 41%

Hotel & Mixed-Use

49%

Retail Trading

10%

7,524

* Note: Revenue of Anantara Vacation Club associated with the inventory unit transfer in 1Q12 of THB 80 million has been adjusted to conform with the figures in this period

-

5,000

10,000

15,000

20,000

25,000

9M11 9M12

24,134

+21% YoY (Excl S&P Gain)

20,987

THB million

Restaurant

Hotel & Mixed-Use

Retail Trading 7,842

6,976

Gain on reclassification of Investment in S&P

19,933

-400

-

400

800

1,200

1,600

2,000

2,400

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Restaurant Hotel & Mixed-Use

Retail Trading Gain on Reclassification

6

9M12 EBITDA INCREASE OF 30%

9M12 EBITDA INCREASED BY 30% YoY (EXCLUDING ONE TIME ITEMS) AS A RESULT OF THE CONTINUED RECOVERY OF EXISTING HOTEL OCCUPANCY AND ADR, THE CONSOLIDATION OF OAKS AND NEW INVESTMENTS AND INITIATIVES, INCLUDING ST. REGIS AND ANANTARA KIHAVAH, TOGETHER WITH ANANTARA VACATION CLUB, STARTING TO BEAR FRUIT THIS YEAR. EBITDA MARGIN IMPROVED AS A RESULT OF OPERATING LEVERAGE OF BOTH HOTEL AND RESTAURANT BUSINESSES.

THB million

22.6% EBITDA Margin

1,506

1,072

+15% YoY (Excl one-

time items)

17.1% 18.5%*

* Excludes gain on reclassification of investments in S&P, netted off with impairment charge of China business

2,254

of Investment in S&P, netted off with impairment charge of China business

1,369

18.6%

2,245

25.6%

Restaurant 33%

Hotel & Mixed-Use

63%

Retail Trading

4%

3Q12 & 9M12 Results

1,311

17.4%

-

1,000

2,000

3,000

4,000

5,000

9M11 9M12

5,042 4,832

+30% YoY (Excl one-

time items)

EBITDA Margin

THB million

19.4%* 20.9%

Restaurant

Hotel & Mixed-Use

Retail Trading

1,486

1,293

18.9%

3,871

* Excludes gain on reclassification of investments in S&P, netted off with impairment charge of China business

Gain on reclassification of Investment in S&P, netted off with impairment charge of China business

-200

-

200

400

600

800

1,000

1,200

1,400

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Restaurant Hotel & Mixed-Use

Retail Trading Gain on Reclassification

7

9M12 NET PROFIT INCREASE OF 54%

THB million

9M12 NET PROFIT ROSE 54% YoY (EXCLUDING ONE TIME ITEMS) AS A RESULT OF IMPROVED PERFORMANCE OF HOTEL & MIXED USE AND RESTAURANT BUSINESSES, TOGETHER WITH THE CONSOLIDATION OF OAKS. THE GROWTH RATE OF NET PROFIT EXCEEDED THAT OF REVENUE DUE TO THE IMPROVED PROFITABILITY OF HOTEL& MIXED-USE AND RESTAURANT BUSINESSES, WITH NET MARGIN EXPANDING TO 9.2% FOR 9M12.

823

12.3% Net Margin

280

4.5% 4.9%*

1,306

+69% YoY (Excl one-

time items)

472

6.4% 14.5%

1,276

Restaurant 39% Hotel &

Mixed-Use 56%

Retail Trading

5%

3Q12 & 9M12 Results

364

4.8%

-

500

1,000

1,500

2,000

2,500

9M11 9M12

Net Margin

9.2% 7.3%*

THB million

+54% YoY (Excl one-time items

2,409 2,225

345

585

7.5%

* Excludes gain on reclassification of investments in S&P, netted off with impairment charge of China business

of Investment in S&P, netted off with impairment charge of China business

1,447

Restaurant

Hotel & Mixed-Use

Retail Trading

Gain on reclassification of Investment in S&P, netted off with impairment charge of China business

* Excludes gain on reclassification of investments in S&P, netted off with impairment charge of China business

The Path to our 5-Year Aspirations

8

MINT: 5-Year Strategy MINT’S FIVE-YEAR STRATEGY 2011-2016

MINT’S FIVE-YEAR STRATEGY WAS FORMULATED MAINLY BASED ON THE FOLLOWING THREE KEY PILLARS, WITH THE SUPPORT OF THE COMPANY’S ROBUST SET OF ORGANIZATIONAL CAPABILITIES, OPERATIONAL EXCELLENCE AND SYNERGY, AS WELL AS LONG-TERM SUSTAINABILITY PROGRAM

Develop a Profitable Portfolio of Own

Brands

Continually Enhance Asset Productivity

Expand Internationally

Through Strategic Investments &

Acquisitions

Franchising Management Contracts

Mixed-Use

ROIC > 15%

NPAT ~15-20% CAGR

GOALS

9

2007 2008 2009 2010 2016F 2011

10

GEOGRAPHICAL DIVERSIFICATION

GEOGRAPHICALLY DIVERSIFY THE GROUP’S REVENUE SOURCE AND REDUCE RISK AND THE VOLATILITY OF CASH FLOW STREAM

Thailand Overseas

2007 2008 2009 2010 2016F 2011

Number of Hotel Rooms

4,114

2,363 2,700

3,553

87% 84% 71% 72%

13% 16% 29% 28%

Thailand Overseas

2007 2008 2009 2010 2016F 2011

Number of Restaurant Outlets

676

1,148 1,043

1,112

7%

33% 34% 34%

93% 67% 66% 66%

36%

64%

25%

75%

1,611 1,236 1,892 1,400

-14%

101% 11% 1%

114%

-1%

89% 99%

50%

50%

Net Profit (THB million)

2,497

2007 2008 2009 2010 2016F 2011

19,089

14,029 16,515 17,244

96% 87% 82% 84%

4% 13% 18% 16% 58%

42%

Revenue (THB million)

9,575

33%

67% 1,257

34%

66%

13,545

27,278*

75%

25%

*Excluding gain from reclassification of S&P investment

1,919*

85%

15%

* Excluding gain from reclassification of investment in S&P and provision for investment in China

MINT: 5-Year Strategy

Hotel: 5-Year Strategy HOTEL GROUP - FIVE-YEAR GROWTH DRIVERS

HOTEL GROUP’S REVENUE AND NET PROFIT GROWTH OVER THE NEXT FIVE YEARS WILL BE DELIVERED THROUGH BUILDING MULTI-BRAND PORTFOLIO WITH THE FOLLOWING GROWTH LEVERS

Other Mixed Use (e.g.

Residential)

2011 2016E

11

Other Hotel Brands

in the Portfolio

Note: Graph is not drawn to scale and not in any prioritized order

12

FINANCIAL PERFORMANCE – HOTEL & MIXED-USE Hotel Updates

Revenue

EBITDA

NPAT

EBITDA Margin

Net Margin

1Q11

THB Million

2,876 2,598

3,308 3,875

4,527

3,480 3,834

975

533 755

1,050

1,559

726 890

33.9%

586

38 101

433

881

90 273

20.4%

9M12 REVENUE AND PROFIT FROM HOTEL & MIXED-USE BUSINESS CONTINUED TO SEE IMPRESSIVE GROWTH YoY WITH IMPROVED MARGINS.

20.5%

1.5%

2Q11

9M12 overall occupancy & ADR of MINT’s hotel portfolio continued to improve significantly YoY, due to the uninterrupted favorable climate , together with MINT’s continued marketing effort, throughout the year;

The new Anantara Kihavah and St. Regis Bangkok, which reported losses during start-up stage, saw considerable increase in occupancy, helping both top line and the profitability of the hotel portfolio;

Consolidation of Oaks’ performance since June 2011 was another main contribution, while post-acquisition plan is on track;

Sales of Anantara Vacation Club is becoming a meaningful contribution to MINT’s real estates business, with the business becoming profitable in 2012;

Even excluding Oaks, performance of MINT’s hotel & mixed use business continued to improve, with 9M12 revenue increase of 14% and EBITDA increase of 22% YoY.

Key Highlights

22.8%

3.0%

3Q11 4Q11

27.1%

11.2%

1Q12

+16% YoY

34.4%

19.5%

8,782

11,841

2,263

3,175

725

1,244

9M11 9M12

20.9%

8.3% 10.5%

+18% YoY

+171% YoY

2.6%

2Q12

+35% YoY

+40% YoY

+72% YoY

25.8% 26.8%

3Q12

23.2%

7.1%

13

MINT CONTINUED TO SEE IMPROVEMENT IN ITS 9M12 ORGANIC OCCUPANCY AND REVPAR YoY, ATTRIBUTABLE TO IMPROVEMENT IN ALL CATEGORIES: THAILAND AND OVERSEAS HOTELS, TOGETHER WITH THE CONSOLIDATION OF OAKS, WHICH COMMANDS RELATIVELY HIGH OCCUPANCY.

MINT’S HOTEL STATISTICS

Revpar ADR % Occupancy

THB

* Note: Hotel Statistics include Oaks Hotel & Resort

No of rooms 4,237 9,593 9,596 9,575 9,707 9,838 10,082 9,838 10,082

6,638

5,112 4,953

5,483

6,039

5,230 5,284

3,981

2,871

3,385 3,737

4,417

3,432 3,553

60%

56%

68% 68%

73%

66% 67%

0%

20%

40%

60%

80%

0

2,000

4,000

6,000

8,000

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Hotel Updates

Revpar Systemwide +5% YoY Organic +7% YoY THB

5,332 5,533

3,351

3,799

63%

69%

0%

20%

40%

60%

80%

0

2,000

4,000

6,000

9M11 9M12

69%

5,285

3,634

Organic stats

Revpar Systemwide +13% YoY Organic +14% YoY

69%

5,534

3,837

New Hotels Opened in 3Q12: Anantara Eastern Mangroves, Abu Dhabi (222 rooms) Anantara Uluwatu, Bali (77 rooms)

DIVERSIFICATION OUTSIDE BANGKOK

WITH ITS EXPANSION OUTSIDE OF THAILAND AS WELL AS INCREASING CONTRIBUTION FROM MIXED USE BUSINESSES, MINT IS LESS DEPENDENT ON ITS BANGKOK HOTEL PORTFOLIO. NEVERTHELESS, DESPITE THE OVERSUPPLY OF HOTELS IN BANGKOK, MINT’S BANGKOK HOTEL PORTFOLIO IS STILL SEEING SIGNIFICANT IMPROVEMENT IN REVPAR OF 25% YoY

14

Hotel Updates

25% 24% 32% 16% 15%

75% 76% 68% 84% 85%

0%

25%

50%

75%

100%

2008 2009 2010 2011 9M12

Outside Bangkok

Bangkok

Number of hotel rooms in Bangkok doubled over the past 5 years

26% 28% 25% 14% 14%

74% 72% 75% 86% 86%

0%

25%

50%

75%

100%

2008 2009 2010 2011 9M12

Other Hotel & Mixed Use

Bangkok

5,097

4,255 3,951

3,542 3,791

3,389

2,394 2,025 1,788

2,340

66%

56%

51% 51%

62%

0%

20%

40%

60%

80%

0

2,000

4,000

6,000

8,000

2008 2009 2010 2011 9M12

0

300

600

900

1,200

1,500

2008 2009 2010 2011 9M12

Managed

Owned

No of rooms

Revpar ADR % Occupancy

769 864

1,300

1,518 1,518

However, the contribution in terms of number of rooms in Bangkok significantly declined as the expansion is faster outside of Bangkok

Despite the oversupply of hotels in Bangkok, MINT’s Bangkok hotel portfolio improves significantly, with 9M12 revpar increase of 25% YoY

The revenue contribution also significantly declined over the five years, in line with the contribution from number of rooms

Oaks’ Expansion Track Record Post-Acquisition

OAKS CONTINUES TO BE AN IMPORTANT DRIVER

WITH SUCCESSFUL POST-ACQUISITION STRATEGY, OAKS’ ORGANIC PERFORMANCE CONTINUED TO EXPAND. MOREOVER, WITH THE ADDITIONAL CREDIT LINE, OAKS IS SET FOR NEW MLR ACQUISITIONS. WITH ITS SIGNIFICANT CONTRIBUTION TO THE HOTEL & MIXED-USE BUSINESS, OAKS IS ONE OF THE IMPORTANT GROWTH DRIVERS FOR MINT GOING FORWARD.

15

• Announced acquisition of Grand Hotel in Gladstone. The property, which currently has a restaurant, pub and casino, will be converted into a 140-room hotel (to be completed by 2013), together with the Coffee Club and Ribs and Rumps

Hotel Updates

• Acquired additional MLR contracts in Australia: Broome (140 rooms) and Monkomo (56 rooms) in 1Q12

• Acquired 25% of Tidal Swell, the owner of four properties currently managed by Oaks

• Invested 100% stake in Oasis Resort Caloundra, comprising 158 hotel rooms and 9 apartments, together with MLR in Sunshine Coast

OAKS’ CONTRIBUTION TO MINT’S HOTEL & MIXED-USE BUSINESS IS QUITE SIGNIFICANT

0%

25%

50%

75%

100%

2011 9M12

Others

Oaks

OAKS’ REVENUE CONTRIBUTION TO TOTAL HOTEL

& MIXED-USE

OAKS’ EBITDA CONTRIBUTION TO TOTAL HOTEL

& MIXED-USE 23%

77%

32%

68%

0%

25%

50%

75%

100%

2011 9M12

Others

Oaks

23%

77%

32%

68%

• First move into Asia through management contract of Oaks Bangkok Sathorn for 115 rooms (previously part of Anantara Sathorn)

• Signed a management contract to manage a 120-room property in Sanya, China under Oaks brand

16

EXPANSION INTO MARKETS INSIDE AND OUTSIDE THAILAND WILL CONTRIBUTE WELL TO REVENUE & PROFIT IN COMING YEARS.

MINT’S HOTEL EXPANSION PLANS

Investment Hotel

2013

10 Hotels / 849 Rooms

• Xishuangbanna, China (103

Rooms)

• Sanya, China (122 Rooms)

• Uluwatu, Bali (77 Rooms)

• Eastern Mangroves, UAE

(222 Rooms)

• Luang Prabang, Laos (115 Rooms)

• Al Akhdar, Oman (123 Rooms)

• Al Madina, Oman (120 Rooms)

• Mahabalipuram, India (130 Rooms)

• Udaipur, India (70 Rooms)

• Qiandao Lake, China (120 Rooms)

22 Hotels & Properties / 2,714 Rooms

Management Contract

2012

2014

Total

• Masai Mara Camp,

Kenya (16 Rooms)

• Amboseli Camp,

Kenya (16 Rooms)

• Grand Hotel,

Gladstone

Australia

(96 Rooms)

• Phuket -

Bundarika

(77 Rooms)

• Sri Lanka

(141 Rooms)

• Al Yamm, UAE (30 Rooms)

• Al Sahael, UAE (30 Rooms)

• Chengdu, China (150 Rooms)

• Chongqing, China (150 Rooms)

• Baoting, China (130 Rooms)

• Salalah, Oman (136 Rooms)

• Broome, Australia

(140 Rooms)

• Monkomo,

Queensland

Australia

(56 Rooms)

• Bangkok

(249 Rooms)

Hotel Updates

2015

• Ambalangoda,

Sri Lanka

(60 Rooms)

• Serengeti, Tanzania

(20 Rooms)

• Meru, Kenya

(16 Rooms)

• Sepang, Malaysia

(315 Rooms)

• Sanya, China

(120 Rooms)

• La Chaland, Mauritius (160 Rooms)

• Wayanad, India (95 Rooms)

• Oasis Resort,

Caloundra,

Queensland,

Australia

(158 Rooms)

MINT’S COMPOSITION OF HOTEL ROOMS ARE EXPECTED TO CHANGE OVER THE NEXT FIVE YEARS. MINT WILL FOCUS ON THE EXPANSION OF OUR OWN BRANDS, ANANTARA, OAKS AND AVANI, MORE EXPONENTIALLY THROUGH ASSET LIGHT MODEL (MANAGEMENT CONTRACTS), WITH GEOGRAPHICAL FOCUS OUTSIDE OF THAILAND.

MINT’S HOTEL PORTFOLIO

No of Rooms

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2005 3Q12 2016F

Others, including Oaks

Avani Anantara

Four Seasons Marriott

2,169

13,545

55% 6% 4%

20%

26%

4%

19%

53%

34%

6%

8% 46%

6%

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2005 3Q12 2016F

Managed

Joint Venture

Own Equity

92% 24% 23%

8% 7%

6%

69% 71%

2,169

No of Rooms

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2005 3Q12 2016F

International

Outside Bangkok

Bangkok

No of Rooms

36% 15% 13%

56%

15% 12% 8%

70% 75%

2,169

By Location By Ownership By Brand

17

5%

10,082

6%

2%

Hotel Updates

13,545

10,082

13,545

10,082

ANANTARA VACATION CLUB – STRONG BUSINESS MODEL ANANTARA VACATION CLUB’S SOLID BUSINESS MODEL WILL NOT ONLY DRIVE REVENUE AND EARNINGS OF ITSELF BUT WILL ALSO ENHANCE VALUE PROPOSITION OF THE HOTEL GROUP AS A WHOLE. THE SYNERGISTIC BENEFITS OBTAINED ARE EXPECTED TO BE MUCH GREATER THAN SUM OF THE PARTS

Experienced Management

Strong “Anantara”

Brand

Affordability for Consumers

vs. Pure Property Project

Synergistic Opportunities with MINT’s Hospitality Business

Return Enhancement

Thailand

New Zealand

Bali

Sri Lanka

Middle East

Australia

China

Mauritius

Maldives

South Africa

Expansion of Footprint Alongside Anantara Hotels to Help Enhance Value Proposition of the Group as a Whole

Key Success Factors To Contribute to Revenue and Earnings Growth

18

Mixed Use Update

Mixed Use Update ANANTARA VACATION CLUB – STRONGER MOMENTUM EXPECTED IN 2012-16

SALES OF AVC CONTINUED TO GROW REMARKABLY IN 9M12, AND THE STRONG MOMENTUM IS EXPECTED TO CONTINUE IN THE REMAINDER OF 2012 AND BEYOND, AS MORE INVENTORIES ARE ADDED AND EFFECTIVE MARKETING EFFORTS FOCUSED ON TARGET MARKETS ARE IMPLEMENTED. SALES ARE EXPECTED TO CONTINUE RISING SIGNIFICANTLY WITH BOTTOM LINE STARTING TO CONTRIBUTE STRONGLY TO THE GROUP’S PROFITABILITY IN 2013

THB Million

Quarterly sales showed improving momentum

2011 2012E 2013E 2014E 2015E 2011

Annual sales growth is expected to pick up exponentially as more inventories in various destinations are coming on stream

Thailand, 22%

Singapore, 19%

Hong Kong, 12%

Malaysia, 12%

China, 7%

Australia,

Japan, 3% UAE, 2%

Others, 19%

AVC Members

19

80

130

180

230

280

330

380

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Note: As at 30 Sept 2012

22 27 46 46

360

0

100

200

300

400

4Q10 1Q12 2Q12 3Q12 2016E

Samui Phuket

Samui Phuket

Queenstown

10 Destinations

100 villas being built in

Phuket

No of Units

Inventories is expected to be added with over 10 destinations over the next five years

Bangkok Samui Phuket

Bali Queenstown

4%

20

RESIDENTIAL PROPERTY DEVELOPMENT LEVERAGING ON HOTEL BRANDS

2006 2007 2008 2009 2010 2011 9M12 2012 2012 2012-13 St. Regis

Sold Pending Transfer

St. Regis Potential; Deposit

Collected

Remaining Inventory

Sold Inventory Sold Inventory

SALES OF ST. REGIS AND THE ESTATES SAMUI ARE EXPECTED TO CONTINUE THEIR IMPETUS IN 2012-13. NEXT PROJECT WILL BE ANANTARA RESIDENCES PHUKET, WHICH IS EXPECTED TO SEE SELLING ACTIVITIES STARTING IN 2014. THE NEW PROJECT WILL ALSO LEVERAGE ON STRONG HOTEL BRANDS IN THE PORTFOLIO.

Anantara Residences Phuket will be the next

project, with sales

expecting to start in 2014

Mixed Use Update

ANANTARA RESIDENCES PHUKET MINT IS LAUNCHING ITS VERY FIRST FLAGSHIP ANANTARA RESIDENCES PROJECT ON LAYAN BEACH, PHUKET. THE PROJECT MARKS ANOTHER MILESTONE IN LEVERAGING ON MINT’S OWN ANANTARA BRAND.

Mixed Use Update

• Anantara Residences Phuket Project Name

• 2H13, concurrent with the new Anantara Phuket Hotel

Expected Launch Date

• 17-20 villas on 32 rais of land Project Size

• 2-5 bedroom pool villas, with approximate size ranging from 580 – 1,100 sq.m.

Project Details

The property is strategically located between the airport (15 minutes by car) and Phuket’s main shopping, dining,

entertainment and activity centers in the nearby Bang Tao, Kamala and Patong areas. It is naturally secluded, offering

privacy and exclusivity, with its own private bay.

21

Restaurant: 5-Year Strategy RESTAURANT - FIVE-YEAR GROWTH DRIVERS

RESTAURANT BUSINESS’ REVENUE AND NET PROFIT GROWTH OVER THE NEXT FIVE YEARS WILL BE DELIVERED THROUGH EXPANDING BUSINESS INSIDE AND OUTSIDE THAILAND, LEVERAGING EXISTING MULTIPLE BRANDS IN THE PORTFOLIO AND LOOKING OUT FOR ACQUISITION OPPORTUNITY

Strategic Acquisition

2011 2016E

Thailand Business

International Franchise

Internationalize

Transform China

22 Note: Graph is not drawn to scale and not in any prioritized order

23

9M12 PERFORMANCE OF THE RESTAURANT BUSINESS CONTINUED TO EXHIBIT STRONG AND STABLE GROWTH, WITH REVENUE GROWTH OF 12% AND NET PROFIT GROWTH OF 34% YoY

FINANCIAL PERFORMANCE - RESTAURANT

Revenue

EBITDA

NPAT

EBITDA Margin

Net Margin

1Q11

THB million

2,963 2,901 2,880 2,954

3,451

3,237 3,097

467 483 481 492 583

549 515

15.8%

205 218 224 225

319 273 276

6.9%

Key Highlights

Most brands continued to exhibit strong and positive same store sales growth in 9M12, from increases in both revenue per customer and customer count. The increase were mainly due to a combination of robust domestic consumption and successful marketing strategies;

Same store sales growth, together with outlet expansion, translated into strong total system sales growth of 16.4% in 9M12;

The full consolidation of Thai Express’ performance in 9M12, together with the 31% share of profit in S&P Syndicate, helped improve the restaurant business’s margin;

EBITDA & net profit margin expanded despite the minimum wage increase which was implemented since October 2011, attributable to improved cost structure and operating leverage.

Restaurant Update

16.6%

2Q11

7.5%

16.7%

3Q11*

7.8%

4Q11

16.6%

7.6%

1Q12

9.2%

+12% YoY

+15% YoY

+34% YoY

16.9%

8,744 9,786

1,431 1,646

646

868

+8% YoY

+7% YoY

+24% YoY

17.0%

2Q12

8.4%

16.4% 16.8%

9M11*

7.4%

9M12

8.9%

16.6%

3Q12

8.9%

*Note: Excluding gain on reclassification of Investment in S&P, netted off with impairment charge of China business

24

MINT CONTINUED TO SEE SOLID GROWTH FOR SAME STORE SALES AND TOTAL SYSTEM SALES ACROSS MOST BRANDS IN 9M12. MINT EXPECTS TO DOUBLE ITS NUMBER OF OUTLETS, BOTH THROUGH FRANCHISED AND EQUITY-OWNED MODEL, AND BOTH DOMESTICALLY AND OVERSEAS IN FIVE YEARS. THE PROPORTION OF OVERSEAS OUTLETS IS EXPECTED TO INCREASE TO MORE THAN 35% OVER THE NEXT FIVE YEARS

MINT’S BRAND PERFORMANCE

Same Store Sales Growth Total System Sales Growth

Overall SSS & TSS

No. of Outlets

1,157 1,169 1,204

7.8%

12.3%

9.8%

6.5% 7.6%

6.5%

3.3%

11.9%

17.4%

14.4%

12.7%

16.0%

13.6% 12.5%

0%

5%

10%

15%

20%

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

1,257 1,264

Restaurant Update

1,274

33%

67%

34%

66% 7%

93%

36%

64%

2005 2016F

558

2,497

Restaurant Outlets Breakdown by Geography

43%

57% 14% 86%

46%

54%

1,304

558

2,497

Restaurant Outlets Breakdown by Ownership

International

Thailand

Franchised

Owned

2011

2005 2016F 2011

1,257

3Q12

1,257

44%

56%

3Q12

1,304

1,304

25

OVER THE PAST FIVE YEARS, FOOD AND PAPER COSTS AS A PERCENTAGE OF SALES CONTINUED TO TREND DOWN AS A RESULT OF CONTINUED EFFECTIVE COST MANAGEMENT PROGRAM.

EFFECTIVE MANAGEMENT OF FOOD COSTS

31%

32%

33%

34%

35%

36%

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

% of Food & Paper Costs to Sales

Fixed Long-Term Contract

Prices

Menu-Mix Re-Engineering

Supply Chain Management

Maximization of FTA Benefit

Pro-Active Inventory

Management

Strategy

Note: Food and paper costs as a percentage of sales rose in first quarter of every year as a result of “Buy-one-get-one-free” promotional campaign launched in March of every year to celebrate the anniversary of The Pizza Company

Restaurant Update

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

CHINA – IMPROVEMENT SEEN; MORE INITIATIVES TO EXPEDITE TURN-AROUND

ALTHOUGH SAME STORE SALES SOFTENED IN 3Q12, IN LINE WITH THE ECONOMIC ENVIRONMENT, TOGETHER WITH RATIONALIZATION OF THE PIZZA COMPANY, CHINA OPERATION HAS SEEN IMPROVEMENT OVER THE PAST FEW YEARS WITH IMPROVING PERFORMANCE AND PROFITABILITY AT STORE CONTRIBUTION LEVEL. MINOR FOOD GROUP, CHINA CONTINUES TO PUT EFFORT IN TURNING AROUND THE CHINA BUSINESS.

Same-Store-Sales Growth of Restaurants in China vs. China Consumer Confidence Index

Focus on growing Sizzler Cautious expansion of Thai Express & The Coffee Club

Active search for acquisitions

85

90

95

100

105

110

115

-25%

-15%

-5%

5%

15%

25%

Jan

-06

Mar

-06

May

-06

Jul-

06

Sep

-06

No

v-0

6

Jan

-07

Mar

-07

May

-07

Jul-

07

Sep

-07

No

v-0

7

Jan

-08

Mar

-08

May

-08

Jul-

08

Sep

-08

No

v-0

8

Jan

-09

Mar

-09

May

-09

Jul-

09

Sep

-09

No

v-0

9

Jan

-10

Mar

-10

May

-10

Jul-

10

Sep

-10

No

v-1

0

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1

Jan

-12

Mar

-12

May

-12

Jul-

12

Sep

-12

26

Restaurant Update

SSS Growth China CCI

Rationalization of The Pizza Company

Source: National Bureau of Statistics of China

China Profit at Store Contribution Level – An Improving Trend

China Consumer Confidence Index

China Same Store Sales Growth

27

Retail Trading Update

9M12 REVENUE OF RETAIL TRADING & CONTRACT MANUFACTURING INCREASED BY 4% PRIMARILY AS A RESULT OF EXPANSION OF KEY FASHION BRANDS, TOGETHER WITH INSURANCE CLAIMS FROM FLOOD RECEIVED IN 1Q12 AND 3Q12. AS A RESULT, EBITDA AND NET PROFIT SAW SIGNIFICANT INCREASES OF 25% AND 48% RESPECTIVELY.

FINANCIAL PERFORMANCE – RETAIL TRADING & CONTRACT MANUFACTURING

Revenue

EBITDA

NPAT

EBITDA Margin

Net Margin

1Q11

THB million 840

779 789

516

789 807 911

64 57 56

-173

103

36 81

7.6%

32 23 21

-186

76

1 36

3.8%

Key Highlights

7.3%

2Q11

3.0%

13.1%

9.6%

7.2%

2.6%

3Q11

9M12 revenue from retail trading increased by 14% YoY, primarily from the expansion of points of sale of the key fashion brands, although the number of cosmetic points of sale declined. However, margins are still under pressure as inventories were sold at a discount to clear the inventory backlog;

9M12 revenue from contract manufacturing declined by 10% YoY, despite partial recovery of insurance claim in 1Q12 and 3Q12, as the NMT factory only resumed its full operations in June 2012;

As a result of the insurance claims, retail trading & contract manufacturing business saw an expansion of EBITDA and net profit margins in 9M12;

-33.5%

4Q11

-36.2%

1Q12

+4% YoY

+25% YoY

+48% YoY

2,407 2,507

177 221

76 113

+16% YoY

+44% YoY

+72% YoY

4.5%

0.2%

2Q12

7.4% 8.8%

3.2%

9M11

4.5%

9M12

8.9%

3.9%

3Q12

28

TOTAL STORE SALES GROWTH INCREASED BY 16% IN 3Q12, DESPITE THE CLOSURE OF 10 POINTS OF SALES, OF WHICH WERE MAINLY UNDER SMASHBOX BRAND. COMPARABLE SALES CONTINUED TO SHOW NEGATIVE GROWTH, AS INVENTORIES WERE SOLD AT A DISCOUNT IN ORDER TO CLEAR INVENTORY BACKLOG SINCE THE FLOODS IN 4Q11. IN ANY CASE, SALES PER SQ.M. IS NOW SEEING AN INCREASING TREND, AS EFFICIENCY STARTED TO IMPROVE.

MINT’S RETAIL TRADING STATISTICS Retail Trading Update

Comparable Sales Growth Total Store Sales Growth

231 No. of Outlets

226 231 No. of Outlets

226

Fashion & Cosmetic Sales per Sq.m.

239 239

THB

246 246

17.2%

52.8%

29.4%

-11.5%

-6.8% -4.4%

-10.1%

21.0%

43.0%

26.0%

-4.0%

5.0%

23.0%

16.3%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

29,984

27,389

24,642 23,386

26,316 25,067

27,155

10,000

20,000

30,000

40,000

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

240 240 247 247 237 237

-

2.0

4.0

6.0

8.0

-

2,000

4,000

6,000

8,000

10,000

2011 2012F 2013F 2014F 2015F 2016F

29

FINANCING CAPEX WITH FINANCIAL DISCIPLINE

DISCIPLINED ACQUISITION(S) ON THE BACK OF STRINGENT INVESTMENT POLICY PROVIDES UPSIDE FOR GROWTH

Committed CAPEX & Amount Set Aside for New Acquisition(s)

• Revenue % of Group Revenue • Profit % of Group Profit

• IRR (WACC + Premium)

• ROIC in % within Certain Year

• Profit Break-Even Point • Cash Flow Break-Even Point

• Payback Period

• Credit Ratios

• Brand Strength

• Quality of Management

• Potential to Expand Locally & Internationally

• Controlling Stake

Balance Sheet Strength

Minimum Size

Minimum Return

Performance

Strategic Position

Investment Criteria – Sample Measurement & Metrics

• Cash Flow % of Group Cash Flow

CAPEX

X THB million

Additional CAPEX (non-committed average per annum) for New Opportunity/Acquisition(s)

Restaurant Hotel & Mixed-use Retail trading

EBITDA coverage on committed CAPEX

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

0

10,000

20,000

30,000

40,000

Outstanding Borrowing & Equity

Un-Utilized Facility

BALANCE SHEET STRENGTH

LEVERAGE & COST OF CREDITS ARE UNDER CONTROL WHILE BACK-UP FUNDING FACILITIES HAVE BEEN SECURED. IN ADDITION, MINT HAS MAINTAINED INVESTMENT GRADE CREDIT RATING OF “A” BY TRIS

Interest Bearing Debt to Equity

Net Interest Bearing Debt to Equity

Borrowing Cost

Internal Policy

Debt Debt

Shareholders’ Equity

Equity*

30 * Incremental capital increase from MINT W-4 exercise, assuming 100% MINT-W4 Conversion

Leverage Ratios

Borrowing Structure Back-up Financing THB million

X

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12 Jul-12

MINT's Effective Interest Rate MLR

84% 64% 65% 71% 72% 66% 73%

16% 36% 35% 29% 28% 34% 27%

0%

20%

40%

60%

80%

100%

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Floating Rate Fixed Rate

Financial Discipline

Interest Bearing Debt to Net Replacement Value

31

GROWTH OF ALL BUSINESS UNITS ARE ON TRACK 5-Year Targets

22 hotels

676 restaurants

316 retail stores (14,524 Sqm)

2007

9M12

2016F

80 hotels

67 residences

46 timeshare units

1,304 restaurants

237 retail stores (19,815 Sqm)

> 140 hotels

+ residences

> 400 timeshare units

> 2,400 restaurants

> 270 retail stores (23,877 Sqm)

2007

9M12

2016F

32

Appendix

33

RESTAURANT PERFORMANCE – 3Q12

Brand SSS (%) TSS (%)

3Q12 3Q11 3Q12 3Q11

The Pizza Company 2.8% 14.7% 11.3% 17.5%

Swensen’s -0.6% 9.4% 6.5% 19.0%

Sizzler 4.3% 10.5% 2.5% 13.2%

Dairy Queen 10.9% 25.4% 22.0% 33.5%

Burger King 7.1% 31.0% 7.1% 23.5%

The Coffee Club 3.4% 6.5% 9.7% 13.9%

Ribs & Rumps 0.7% N/A N/A N/A

Thai Express 1.9% -1.8% 8.5% -2.6%

Average 3.3% 9.9% 12.5% 14.4%

Average Thailand 3.4% 16.1% 9.5% 21.3%

34

RESTAURANT PERFORMANCE – 9M12

Brand SSS (%) TSS (%)

9M12 9M11 9M12 9M11

The Pizza Company 8.2% 11.8% 18.2% 14.7%

Swensen’s 9.6% 4.9% 17.8% 12.8%

Sizzler 3.5% 14.3% 5.2% 16.6%

Dairy Queen 20.7% 15.3% 31.2% 21.3%

Burger King 7.6% 23.5% 8.0% 20.8%

The Coffee Club 3.4% 10.0% 10.9% 16.5%

Ribs & Rumps N/A N/A N/A N/A

Thai Express -1.3% -0.9% 5.6% 1.4%

Average 5.8% 9.9% 16.4% 14.5%

Average Thailand 9.0% 12.6% 16.6% 17.5%

35

RESTAURANT OUTLETS – 3Q12

Brand No. of outlets No. of outlets

Total Equity Franchise Thailand International

The Pizza Company 198 88 248 38 286

Swensen’s 121 151 252 20 272

Sizzler 44 - 39 5 44

Dairy Queen 234 48 282 - 282

Burger King 27 - 27 - 27

The Coffee Club 33 278 7 304 311

Thai Express 54 13 - 67 67

Others 15 - 15 - 15

Total 726 578 870 434 1,304

267 562 487

683 751 1,097

1,097

46

55

(131)

61

1,054

1,054 1,054

4.8%

19.0% 20.8% 22.9%

26.3%

31.3% 31.3%

-10%

0%

10%

20%

30%

40%

-500

0

500

1,000

1,500

2,000

2,500

3,000

2006 2007 2008 2009 2010 2011 3Q12

Investment Cost

Unrealized gain (loss)

Gain from investment reclassification

% shareholding

36

S&P OPERATES A CHAIN OF RESTAURANTS AND BAKERY SHOPS WITH OVER 350 OUTLETS IN 7 COUNTRIES PRODUCING AND DISTRIBUTING FOOD AND BAKERY PRODUCTS UNDER THE S&P BRAND. FROM 3Q11 ONWARDS, S&P’S PERFORMANCE WILL BE RECOGNIZED THROUGH EQUITY ACCOUNTING METHOD. 9M12 REVENUES INCREASED AS A RESULT OF BOTH DOMESTIC AND INTERNATIONAL EXPANSION, WHILE MARGINS IMPROVED BECAUSE OF INCREASE IN RETAIL PRICE, EFFICIENT PROCUREMENT AND LOWER MARKETING EXPENSES

CONTINUED & STRENGTHENING PARTNERSHIP WITH S&P

Shareholding Structure

MINT’s Investment in S&P

THB million

313

617 744

1,805

Revenue

EBITDA

NPAT

EBITDA Margin

Net Margin

THB million

Restaurant Update

2,151

356 617

2010 2008 2009

4,437 4,764 5,282

5,879

583 677 812

963

13.1% 14.2% 15.3%

225 293

384 454

5.1% 6.2% 7.2%

16.3%

7.7%

2011

39% 39%

26% 31%

35% 30%

0%

20%

40%

60%

80%

100%

Pre-Tender Offer Post-Tender Offer

Others

MINT

Sila-on & Riva Families

5%

+11% YoY

+19% YoY

+18% YoY

+10% YoY

+32% YoY

+78% YoY

4,277 4,704

657

866

292

520

9M11 9M12

18.4%

11.1%

15.4%

6.8%

2,151

37

HOTEL PERFORMANCE – 3Q12

Hotel ARR (Bt/night)

3Q12 3Q11 Chg 3Q12 3Q11 %Chg 3Q12 3Q11 Chg

Marriott 75% 63% 12% 3,285 2,994 10% 2,452 1,876 31%

Anantara 53% 57% -4% 5,348 5,445 -2% 2,833 3,106 -9%

Four Seasons 61% 52% 9% 7,658 7,450 3% 4,656 3,837 21%

Oaks 76% 80% -4% 5,249 5,059 4% 3,982 4,023 -1%

Other 50% 40% 10% 6,116 4,636 32% 3,086 1,870 65%

Average

(incl. Oaks) 67% 68% -1% 5,284 4,953 7% 3,553 3,385 5%

Average

(excl. Oaks) 57% 56% 1% 5,341 4,789 12% 3,036 2,684 13%

Avg - Thailand 64% 58% 6% 4,389 3,974 10% 2,797 2,287 22%

Avg - Overseas

(incl. Oaks) 69% 75% -6% 5,695 5,394 6% 3,927 4,027 -2%

Avg - Overseas

(excl. Oaks) 38% 51% -13% 9,669 7,944 22% 3,684 4,043 -9%

Occupancy (%) RevPar (Bt/night)

Systemwide

Organic Hotel ARR (Bt/night)

3Q12 3Q11 Chg 3Q12 3Q11 %Chg 3Q12 3Q11 Chg

Marriott 75% 63% 12% 3,285 2,994 10% 2,452 1,876 31%

Anantara 57% 57% 0% 5,351 5,445 -2% 3,055 3,106 -2%

Four Seasons 61% 52% 9% 7,658 7,450 3% 4,656 3,837 21%

Oaks 76% 80% -4% 5,249 5,059 4% 3,982 4,023 -1%

Other 50% 40% 10% 6,116 4,636 32% 3,086 1,870 65%

Average

(incl. Oaks) 69% 68% 0% 5,285 4,953 7% 3,634 3,385 7%

Average

(excl. Oaks) 60% 56% 4% 5,343 4,789 12% 3,186 2,684 19%

Avg - Thailand 64% 58% 6% 4,389 3,974 10% 2,797 2,287 22%

Avg - Overseas

(incl. Oaks) 71% 75% -3% 5,700 5,394 6% 4,069 4,027 1%

Avg - Overseas

(excl. Oaks) 45% 51% -6% 10,249 7,944 29% 4,588 4,043 13%

Occupancy (%) RevPar (Bt/night)

38

HOTEL PERFORMANCE – 9M12

Systemwide

Organic

Hotel ARR (Bt/night)

9M12 9M11 Chg 9M12 9M11 %Chg 9M12 9M11 Chg

Marriott 73% 68% 6% 3,954 3,548 11% 2,901 2,407 21%

Anantara 56% 49% 7% 6,416 6,643 -3% 3,600 3,275 10%

Four Seasons 61% 53% 9% 8,216 8,307 -1% 5,021 4,368 15%

Oaks 77% 78% -2% 5,161 5,053 2% 3,955 3,965 0%

Other 53% 45% 8% 6,128 4,763 29% 3,244 2,132 52%

Average

(incl. Oaks) 69% 63% 6% 5,533 5,332 4% 3,799 3,351 13%

Average

(excl. Oaks) 59% 55% 4% 6,083 5,532 10% 3,619 3,043 19%

Avg - Thailand 63% 56% 7% 4,741 4,584 3% 2,996 2,568 17%

Avg - Overseas

(incl. Oaks) 72% 70% 1% 5,915 5,973 -1% 4,239 4,191 1%

Avg - Overseas

(excl. Oaks) 48% 51% -4% 11,726 9,148 28% 5,602 4,702 19%

Occupancy (%) RevPar (Bt/night)

Hotel ARR (Bt/night)

9M12 9M11 Chg 9M12 9M11 %Chg 9M12 9M11 Chg

Marriott 73% 68% 6% 3,954 3,548 11% 2,901 2,407 21%

Anantara 58% 49% 9% 6,431 6,643 -3% 3,733 3,275 14%

Four Seasons 61% 53% 9% 8,216 8,307 -1% 5,021 4,368 15%

Oaks 77% 78% -2% 5,161 5,053 2% 3,955 3,965 0%

Other 53% 45% 8% 6,128 4,763 29% 3,244 2,132 52%

Average

(incl. Oaks) 69% 63% 6% 5,534 5,332 4% 3,837 3,351 14%

Average

(excl. Oaks) 61% 55% 6% 6,089 5,532 10% 3,697 3,043 21%

Avg - Thailand 63% 56% 7% 4,741 4,584 3% 2,996 2,568 17%

Avg - Overseas

(incl. Oaks) 73% 70% 3% 5,918 5,973 -1% 4,306 4,191 3%

Avg - Overseas

(excl. Oaks) 52% 51% 0% 11,970 9,148 31% 6,208 4,702 32%

Occupancy (%) RevPar (Bt/night)

Thailand, 11%

East Asia, 30%

Europe, 30%

The Americas,

10%

South Asia, 3%

Oceania, 5%

Middle East, 7%

Africa & Others, 2%

0

400,000

800,000

1,200,000

1,600,000

2,000,000

China Japan Korea Russia India

9M11 9M12

0

50,000

100,000

150,000

200,000

250,000

Thailand East Asia Europe The Americas South Asia Oceania Middle East Africa & Others

9M11 9M12

MINT’S FEEDER MARKETS

Number of Room Nights

MINT’s 9M12 Feeder Markets Thailand’s Top 5 Feeder Markets Number of

Tourists

MINT’s 1H12 Feeder Markets

* Note: MINT’s feeder market excludes Oaks’

39

Hotel Updates

9%

22% 10%

10%

16% 26%

MINT’s 9M12 Feeder Markets

53%

20%

MINT CONTINUES TO SEE IMPROVEMENTS ACROSS ALL OF ITS FEEDER MARKETS, WITH A 16% YoY INCREASE IN 9M12 OVERALL ROOMNIGHTS COMPARED TO INCREASE IN THAILAND’S TOURIST ARRIVALS OF 8% YoY.

China +13% Hong Kong +15%

Japan +25% Singapore +38%

Korea +9%

UK +3% Germany +13%

Russia +20%

Australia +22%

India +18%

36%

11% 7% 14% 6%

40

THAILAND HAS BEEN RESILIENT TO SEVERAL GLOBAL CRISIS OVER THE YEARS, AS EVIDENCED BY THE INCREASED EUROPEAN ARRIVALS. THAILAND HOTEL RATES REMAIN COMPETITIVE COMPARED TO THE REGION.

EUROPE & US TOURISTS Hotel Updates

* Note: Rate of one night at Four Seasons on Sept 1, 2011 for a standard room

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Europe US

0

100

200

300

400

500

600

Hong Kong Tokyo Singapore Mumbai Sydney Shanghai Bangkok Jakarta

Number of Tourists

USD / Night

Dot com bubble

911 SARS Tsunami London bomb

Bangkok Coup

Bird Flu

Airport Closure

Pattaya Riot

Ratchprasong Riot

Financial Crisis

Number of tourists from Europe still held up

during the crisis

Thailand hotel rates remain competitive in

the region

HOTEL INDUSTRY OUTLOOK IS EXPECTED TO GRADUALLY RECOVER ON THE BACK OF INCREASING TOURIST ARRIVAL.

Million Tourists Arrival to Thailand – Yearly Trend

Source: Tourism Authority of Thailand and Bank of Thailand

TOURIST ARRIVAL TO THAILAND

Million Tourist Arrival to Thailand – Monthly Trend

41

-10%

0%

10%

20%

30%

0

5

10

15

20

25

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012F 2013F

Tourist Arrival % Change

-40%

-20%

0%

20%

40%

60%

80%

0.0

0.5

1.0

1.5

2.0

2.5

Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 12-Jul 12-Sep

Hotel Updates

Hotel Updates

BANGKOK HAS SEEN NEW SUPPLY IN RECENT YEARS AND WILL SEE MORE ESPECIALLY IN 2012

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Number of Rooms

Source: HVS Reseach

2011A No. of Rooms

The Regent Bangkok

Sofitel Bangkok, Sukhumvit 13

Crowne Plaza Sukhumvit

Hotel Okura Bangkok

W Hotel Bangkok

Hilton Sukhumvit Bangkok

DoubleTree by Hilton, Sukhumvit Bangkok

327

345

342

242

403

287

182

2012F

Aloft Bangkok Sukhumvit 11

Park Plaza Bangkok Asoke

Four Points by Sheraton, Sukhumvit

St Regis Bangkok

297

120

436

227

The Langham Sukhumvit Bangkok

230

No. of Rooms

LUXURY HOTEL SUPPLY IN BANGKOK

2013F

42

INTRODUCING THE NEW “AVANI” BRAND

“Avani Bentota Resort & Spa”, Sri Lanka, was a rebrand of “Serendib”. The resort is located some 64km south of the capital Colombo

“Avani Kalutara Resort”, Sri Lanka, was a rebrand of “Kani Lanka”. The hotel is at the tip of the Kalu Ganga river mouth in Kalutara with 105 rooms

MINT expects to grow Avani beyond Sri Lanka and Bangkok with an aim of having approximately 6 Avani hotels in the next five years

MINT ANNOUNCED THE LAUNCH OF THE AVANI BRAND, WHICH WILL HELP THE COMPANY PENETRATE INTO ANOTHER MARKET SEGMENT, IN ADDITION TO THE EXISTING FIVE-STAR “ANANTARA” BRAND

Avani in Bangkok will be a part of the extension of Anantara Bangkok Riverside Resort & Spa

Avani Kalutara, Sri Lanka

43

2011

2014

2011-2016

Hotel Updates

44

OAKS IS ONE OF AUSTRALIA’S LARGEST HOTEL AND RESORT OPERATORS Hotel Updates

Serviced Suites Brand Positioning Matrix Major Australian Serviced Suites Operators OAKS SERVICES THE SHORT-TO-MEDIUM STAY CORPORATE AND LEISURE MARKETS.

Source: CBRE Hotels

As of August 2009, based on number of rooms

Revenue Contribution

Source: CBRE Hotels

Customer Mix of Major Australian Serviced Suites Operators

Letting fees 37%

Service charges

39%

Ancillary guest services

8%

Other sale revenue

16%

Source: Oaks’ financial statements; info as at FY2011 (ending June 2011)

International