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prepared by Investor Relations department BTS Group Holdings PCL

BTS Group Holdings PCL

4Q & FY 14/15 earnings presentation

4Q & FY 14/15 earnings presentation 28 May 2015


Disclaimer

Investment involves risk. Prospective should understand the characteristics of Securities and study information about BTS Group Holdings Public Company Limited (the “Company”) before making a decision to invest in Securities. This presentation is for information purposes only and is intended only for the initial direct attendee of the presentation. It may not be reproduced or redistributed to any other person. It shall not and does not constitute either an offer to purchase or buy or a solicitation to purchase or buy or an offer to sell or exchange or a solicitation to sell or exchange any securities of BTS Group Holding PCL (the "Company") or any of its subsidiaries in the United States of America or in any other jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its existence, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. This presentation is not to be relied upon in any manner as legal, tax or any other advice and shall not be used in substitution for the exercise of independent judgment and each person made aware of the information set-forth hereof shall be responsible for conducting its own investigation and analysis of the information contained herein. Except where otherwise indicated, the information provided in this presentation is based on matters as they exist as of the date stated or, if no date is stated, as of the date of preparation and not as of any future date, and the information and opinions contained herein are subject to change without notice. None of the Company nor any of its subsidiaries accepts any obligation to update or otherwise revise any such information to reflect information that subsequently becomes available or circumstances existing or changes occurring after the date hereof. None of the Company or any of its subsidiaries or any of their respective directors, officers, employees or agents shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation and any and all such liability is expressly disclaimed. The information contained herein must be kept strictly confidential and may not be reproduced or redistributed in any format without the express written approval of the Company. Some statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to the Company’s corporate plans, strategies and beliefs and other statement that are not historical facts. These statement can be identified by the use of forward-looking terminology such as “may”, “will”, “expect” , “intend”, “estimate”, “continue”, “plan” or other similar words. The statements are based on the assumptions and beliefs of the Company’s management in light of the information currently available to the Company. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this Presentation is, or should be relied on as promise or representation of the Company as to the future.

2 4Q & FY 14/15 earnings presentation


Agenda

Section

1 BTSG 4Q & FY 14/15 FINANCIAL PERFORMANCE

Section

2 Section

3

BUSINESS UPDATES

BTSGIF 4Q & FY 14/15 FINANCIAL PERFORMANCE (separate presentation)

APPENDICES



IMPROVED CORE PROFITABILITY

BALANCE SHEET STRENGTH

• Recurring net profit grew 10% YoY to THB 2,820.0mn • Net profit declined 75.3% primarily on lower

extraordinary gains BTS DIVIDEND YIELD** 6.38%

FY 14/15 Financial Highlights

BTS DAILY TRADED VALUE (LTM) (as of 27 May 2015)

THB 430.2mn ($13.2mn)

RESILIENT MASS TRANSIT-RELATED REVENUE: Net farebox revenue +3.5% YoY O&M revenue +23.2% YoY BTS-related Media revenue +7.0% YoY (against Thai adex spending decline of 8.4%) Source: The Nielsen Company (Thailand) Limited

SET50 DIVIDEND YIELD (LTM)*** 3.10% >>

4

Completion of U City deal 20 APR 2015

Reorganised BTSG corporate structure 31 MAR 2015

8 AUG 2014

Strategic Alliance Framework Agreement signing with Sansiri

BOD approved share repurchase programme

BTS & AEONTS partnership announcement

15 OCT 2014

2 FEB 2015

SIGNIFICANT EVENTS IN 2014/15

** Subject to shareholders’ approval of the final dividend of THB 0.30per share. Dividend yield based on share price as of date prior to Board of Directors’ approval of relevant dividend payment *** Sum of the gross DPS that have gone ex-dividend over the past 12 months, divided by stock price as of 27 May 2015

PROPOSED FINAL DIVIDEND = THB 0.30/SHARE DIVIDEND FY 14/15 E: THB 7.09BN COMMITTED MINIMUM DIVIDEND OF:

THB 8BN IN FY 15/16

4Q & FY 14/15 earnings presentation Section 1: BTSG 4Q & FY 14/15 Financial Performance

• THB 24.09bn excess cash and liquid investments*

• Leverage : Net debt / equity reduced to (0.11)x

* Excess cash and liquid investments excludes sinking fund and includes cash balance of THB 10.18bn, current investments of THB 4.77bn, long term investments of THB 7.99bn and restricted deposits of THB 1.15bn


FY 14/15 Target Assessment

MASS TRANSIT

Decelerated growth in net farebox revenue from curfew impact and change in university terms

Target • Net farebox revenue +3.5% YoY (6-9%) • O&M revenue +23.2% YoY P (17%)

MEDIA

Domestic consumption slowdown significantly affected Media revenue, which contracted in line with total Thai advertising expenditure

Target

• Revenue -6.3% YoY (0-3%)

PROPERTY

Delayed opening of commercial property resulted in missed target for commercial revenue

Target • Residential revenue of THB 416mn

(THB 800mn)

• Commercial revenue of THB 932mn (THB 1,000mn)

SERVICES

5 4Q & FY 13/14 earnings presentation Section 1: BTSG 4Q & FY 13/14 Financial Performance

Rabbit cards exceeded target

Target • > 3.5 million Rabbit cards P (3.5mn cards)

* Total Thai ad spend declined 8.4% in 2014 Source: The Nielsen Company (Thailand) Limited


8,532

7,102

196 (195) (1,579)

149

2013/14 Mass transit Media Property Services 2014/15

9% -6%

-54%

(THB mn)

37%

OPERATING REVENUE COMPARISON (YoY)

4Q & FY 14/15 Overview

Income Statement (THB mn) 4Q 14/15 4Q 13/14 % YoY 3Q 14/15 % QoQ FY 14/15 FY 13/14 % YoY

Operating Revenues1 1,647 1,713 (3.8%) 1,839 (10.4%) 7,102 8,532 (16.8%)

Gross operating profits 952 866 (9.9%) 996 (4.4%) 3,163 4,147 (10.1%)

Operating EBITDA2 691 568 21.6% 717 (3.6%) 2,836 3,100 (8.5%)

Pre-tax recurring profit – before MI 867 743 16.7% 931 (6.9%) 3,480 3,658 (4.9%)

Recurring net profit 708 522 35.6% 762 (7.0%) 2,820 2,563 10.0%

Net income (loss)3 679 405 67.8% 981 (30.8%) 2,944 12,598 (76.6%)

Gross operating profit margin (%) 57.8% 50.6% 56.0% 55.5% 51.4%

Pre-tax recurring profit margin (%) 42.7% 34.9% 41.6% 40.4.% 36.2%

Net recurring profit margin (%) 34.9% 24.6% 34.1% 32.8% 25.4%

Operating EBITDA margin (%) 41.9% 33.2% 39.0% 39.9% 36.3%

P&L SNAPSHOT

32%

Mass Transit

41%

Media

19%

Property 8%

Services

FY 14/15 OPERATING REVENUE BREAKDOWN

1 operating revenue of 4 BUs & share of net profit from BTSGIF 2 excluding interest income 3 to equity holders of the parent



8,669 (74)*

14,009 (12,425)

10,112*** (68)**

Beginning cash(31/3/14)

CFO CFI CFF OTHERS Ending cash(31/3/15)

(THB mn) Treasury management, sale of land at Mo Chit and dividends received

Debt repayment, dividend payment, investment in subsidiaries and treasury stock

12 Months Cash Flow Snapshot

* after tax (THB 1.7bn) and interest expense (THB 304.4mn) ** cash and cash equivalents of BTSA and KKP (presented as discontinued operation at the end of the year) *** excluding BTSC sinking fund and THB 13.9bn liquid investments



29

1

25

8

27

0

27

1

32

2

28

3

28

8

30

8

37

9

37

9

39

2

38

6

39

2

1,1

77

1,1

35

1,2

38

1,2

59

1,2

63

20

8

12

4

17

4

15

7

15

7

16

6

21

7

19

4

14

7

4Q11/12

1Q12/13

2Q12/13

3Q12/13

4Q12/13

1Q13/14

2Q13/14

3Q13/14

4Q13/14

1Q14/15

2Q14/15

3Q14/15

4Q14/15

O&M (THB mn) Farebox (THB mn) Share of NP in BTSGIF (THB mn) O&M revenue rose by 23.2% YoY to THB 1,549.3mn mainly from the full year operation of the Silom line extension, the contractually agreed increase in operating fee of the Sukhumvit extension and the additional scope of work in the BRT contract

Share of net profit in BTSGIF increased 18.2% YoY to THB 724.2mn from the increase in farebox revenue, full year effect of the fund income and revision of amortisation method for fund set-up cost

Costs, including SG&A, decreased 11.6% YoY to THB 815.3mn as there was no cost of farebox revenue in FY 14/15; however, this was partially offset with higher O&M costs from higher O&M revenue

Operating EBITDA margin improved to 64.8% (56.4% in FY 13/14) as costs and SG&A expenses decreased whilst operating revenue increased

OPERATING REVENUE BREAKDOWN

Mass Transit – As Reported

8

HISTORICAL OPERATING REVENUE (THB mn) KEY FACTORS

OPERATING PERFORMANCE

Mass transit (THB mn) 4Q 14/15 4Q 13/14 YoY 3Q 14/15 QoQ FY 14/15 FY 13/14 YoY

Revenue 539 536 1% 580 (7%) 2,274 2,077 9%

Farebox revenue 0 0 0% 0 0% 0 208 (100%)

O&M revenue 392 379 4% 386 2% 1,549 1,257 23%

Share in BTSGIF 147 157 (6%) 194 (24%) 724 612 18%

Costs of revenue 170 211 (20%) 231 (27%) 815 874 (7%)

Gross profit 369 324 14% 348 6% 1,458 1,204 21%

Operating EBITDA 374 327 15% 352 6% 1,473 1,172 26%

Gross margin (%) 68.5% 60.5% 60.1% 64.1% 57.9%


68%

O&M Share in BTSGIF 32%

FY 14/15


IR Quarterly Presentation 4Q 1213_Draft1.xlsx


Mass Transit – Core Network (Annual)

9

HISTORICAL AVERAGE FARE & % GROWTH (YOY) HISTORICAL RIDERSHIP & % GROWTH (YOY)

Annual Ridership increased 1.9% YoY to 218.7mn trips

Net farebox revenue grew 3.5% YoY to THB 5.9bn

Key factors: i) organic growth ii) the commencement of 4 stations of the Silom line (Bang Wa) extension iii) new carriages into service (all 4-car trains

across the network) iv) lower-base effect from political disruption in previous year and v) full year effect of the fare increase


14

5.2

17

6.0

19

7.2

21

4.7

21

8.7

0.5%

21.3% 12.0% 8.9%

1.9%

-150.0%

-140.0%

-130.0%

-120.0%

-110.0%

-100.0%

-90.0%

-80.0%

-70.0%

-60.0%

-50.0%

-40.0%

-30.0%

-20.0%

-10.0%

0.0 %

10. 0%

20. 0%

30. 0%

-

50.0

100 .0

150 .0

200 .0

250 .0

300 .0

2010/11 2011/12 2012/13 2013/14 2014/15

Total Ridership (mn trips)

24

.4

24

.4

24

.8

26

.4

26

.9

1.3% -0.1% 1.7% 6.5% 1.6%

-150.0%

-140.0%

-130.0%

-120.0%

-110.0%

-100.0%

-90.0%

-80.0%

-70.0%

-60.0%

-50.0%

-40.0%

-30.0%

-20.0%

-10.0%

0.0 %

10. 0%

20. 0%

30. 0%

15.0

17.0

19.0

21.0

23.0

25.0

27.0

29.0

2010/11 2011/12 2012/13 2013/14 2014/15

Average fare per trip (THB/trip) Average Fare Growth (%)

Average Fare increased 1.6% YoY to THB 26.9 per trip


27

.1

27

.0

26

.6

26

.9

26

.9

0.9% 0.0% -1.5% 1.0% -0.1%

4Q 13/14 1Q 14/15 2Q 14/15 3Q 14/15 4Q 14/15

Average Fare (THB/trip) Average Fare Growth (%)

57

.1

51

.3

54

.6

56

.4

56

.4

6.0%

-10.2%

6.6% 3.3% -0.1%

4Q 13/14 1Q 14/15 2Q 14/15 3Q 14/15 4Q 14/15

Total Ridership (mn trips) Ridership Growth (%)

Mass Transit – Core Network (Quarter)

10

HISTORICAL AVERAGE FARE & % GROWTH (QOQ) HISTORICAL RIDERSHIP & % GROWTH (QOQ)

Quarterly Ridership decreased 0.1% QoQ and 1.2% YoY to 56.4mn trips

Average Fare decreased 0.1% QoQ and 0.7% YoY to THB 26.9 per trip

YoY ridership decrease as a result of the Bangkok Shutdown last year, which recorded highest number of passengers on the BTS SkyTrain



46

5

63

7

72

5

74

9

68

3

84

4

84

7

79

8

63

2

75

4

78

7

78

0

60

5

4Q11/12

1Q12/13

2Q12/13

3Q12/13

4Q12/13

1Q13/14

2Q13/14

3Q13/14

4Q13/14

1Q14/15

2Q14/15

3Q14/15

4Q14/15

6%

Office Buildings & Others

33%

Modern Trade

61%

BTS-related

Media

11

Overall Media revenue fell 6.3% YoY to THB 2,926.0mn from Modern Trade Media

BTS-related Media Revenue increased 7.0% YoY to THB 1,775.5mn from increase in capacity from new products, new trains and higher rent on merchandising spaces

Modern Trade Media Revenue decreased 24.9% YoY to THB 972.1mn from weakened consumer demand and gradual expiration of Tesco Lotus contracts Office Buildings and Other Media Revenue rose 7.4% YoY to THB 178.4mn from additional contracts

Operating EBITDA margin improved to 52.3% (50.6% in FY 13/14) from lower contribution of lower margin Modern Trade business

OPERATING REVENUE BREAKDOWN OPERATING PERFORMANCE

Media (THB mn) 4Q 14/15 4Q 13/14 YoY 3Q 14/15 QoQ FY 14/15 FY 13/14 YoY

Revenue 605 632 (4%) 780 (22%) 2,926 3,121 (6%)

Costs of revenue 216 290 (26%) 331 (35%) 1,185 1,231 (4%)

Gross profit 389 342 14% 450 (13%) 1,741 1,890 (8%)

Operating EBITDA 379 271 40% 383 (1%) 1,530 1,580 (3%)

Gross margin (%) 64.3% 54.1% 57.6% 59.5% 60.5%


HISTORICAL OPERATING REVENUE (THB mn) KEY FACTORS

FY 14/15




21

0

15

5

17

9

40

1

71

0

95

0

86

3

68

6

43

5

31

9

33

1

34

1

36

4

1,6

43

1,8

49

55

4

1,4

11

4Q11/12

1Q12/13

2Q12/13

3Q12/13

4Q12/13

1Q13/14

2Q13/14

3Q13/14

4Q13/14

1Q14/15

2Q14/15

3Q14/15

4Q14/15

Operating revenue Proceeds from land sale

THB 554

Sale of non-core land THB 1,643

Kamala

20%

Residential Commercial & Others 80%

Property*

12


Property* (THB mn) 4Q 14/15 4Q 13/14 YoY 3Q 14/15 QoQ FY 14/15 FY 13/14 YoY

Operating Revenue 364 435 (16%) 341 7% 1,355 2,934 (54%)

Costs of revenue 193 255 (24%) 183 6% 760 1,756 (57%)

Gross profit 170 179 (5%) 158 8% 595 1,178 (49%)

Operating EBITDA 43 63 (31%) 53 (19%) 182 632 (71%)

Gross margin (%) 46.8% 41.3% 46.4% 43.9% 40.2%


HISTORICAL REVENUE* (THB mn) KEY FACTORS

FY 14/15

Operating revenue dropped by 53.8% YoY to THB 1,354.8mn mainly from Residential Property

Residential property revenue decreased by 79.8% YoY to THB 415.7mn mainly from decline in sales of Abstracts Phahonyothin Park (113 units transferred this year vs 610 units in FY 13/14)

Commercial property revenue rose 8.2% YoY to THB 932.3mn from the improvement in Thana City Golf Course and hotels

Operating costs decreased by 56.7% YoY or THB 996.2mn to THB 759.6mn from costs and expenses related to transferred units of Abstracts Phahonyothin Park

Operating EBITDA margin contracted to 13.4% (21.5% in FY 13/14) as a result of decrease in sales of Abstracts Phahonyothin Park

Gain of THB 367.5mn recognised from sale of Mo Chit land

* Transactions related to Chef Man Restaurants were reclassified from Property business to Services business in 4Q 13/14 and applied retrospectively since 2Q 12/13

THB 1,849

Nana land


THB 1,411

Mo Chit land



Others 2%

Rabbit 35%

57%

ChefMan

Services*

13


Services* (THB mn) 4Q 14/15 4Q 13/14 YoY 3Q 14/15 QoQ FY 14/15 FY 13/14 YoY

Revenue 139 110 27% 138 1% 548 399 37%

Costs of revenue 116 90 29% 99 18% 403 286 41%

Gross profit 23 20 15% 40 (42%) 145 113 29%

Operating EBITDA (19) (10) (104%) 10 (300%) 44 33 32%

Gross margin (%) 16.5% 18.1% 28.7% 26.5% 28.2%

Operating EBITDA margin (%) N/A N/A 7.0% 8.0% 8.3%

HISTORICAL OPERATING REVENUE* (THB mn) KEY FACTORS

FY 14/15

Revenue Revenue increased by 37.3% YoY or by THB 148.8mn to THB 547.8mn from i) increase in revenue from ChefMan Restaurants of 41.3% YoY to THB 310.6mn and ii) revenue growth from BSS of 37.5% YoY to THB 190.3mn primarily from the marketing and co-promotion of Rabbit cards of THB 37.9mn

Costs & SGA Costs & SGA increased by 36.2% YoY to THB 590.3mn (cost THB 402.8mn and SG&A THB 187.5mn). Key items were mainly from staff costs, food & beverage cost at ChefMan Restaurants and depreciation expenses for hardware, software and machines

* Transactions related to Chef Man Restaurants were reclassified from Property business to Services business in 4Q 13/14 and applied retrospectively since 2Q 12/13

Carrot 6%


1

6

24

45

46

78

10

4

10

7

10

8

12

6

14

4

13

8

13

9

4Q11/12

1Q12/13

2Q12/13

3Q12/13

4Q12/13

1Q13/14

2Q13/14

3Q13/14

4Q13/14

1Q14/15

2Q14/15

3Q14/15

4Q14/15



59,542.2 52,012.5

8,611.7 8,003.6

8,557.2 6,795.4

31-Mar-14 31-Mar-15

39,368.0 40,808.8

37,343.1 26,002.7

31-Mar-14 31-Mar-15

Balance Sheet

LIABILITIES AND EQUITY BREAKDOWN (THB MN) ASSET BREAKDOWN (THB MN)

KEY RATIOS

Non-current assets

Current assets

51%

49% 39%

61%

76,711 66,811

Non-current liabilities

Current liabilities

Equity

10%

78%

12%

76,711 66,811

78%

11%

11%

FY 14/15: 3.83x FY 13/14: 4.36x

Current Ratio

14

FY 14/15: 7.03x FY 13/14: 4.94x

Interest Coverage


FY 14/15: (0.11)x FY 13/14: (0.03)x

Net Debt to Equity Net Debt to

Operating EBITDA

FY 14/15: (1.96)x FY 13/14: (0.65)x


Agenda

Section


Section

2 Section

3

BUSINESS UPDATES


APPENDICES



105

270

1,220

305

10

Masstransit

Media Property Services BTS Group

Revised 2015/16 BTS Group Targets and CAPEX

16

BTS GROUP CAPEX (THB mn)

FY 15/16 TOTAL CAPEX**: THB 1,910MN

*excludes BTS Assets’ revenues **excludes real estate development cost for Property business

MEDIA

12% Revenue Contraction (excl. Modern Trade Media)

PROPERTY

THB 620mn Residential Property Revenue

THB 590mn* Commercial Property Revenue

MASS TRANSIT

4 – 6% Ridership Growth

2% Average Fare Increase

3% O&M Revenue Growth

2015/16 BTSGIF CAPEX is expected to be approx. THB 280mn (not included in BTS Group CAPEX)

BTS GROUP TARGETS

SERVICES

5.0mn Rabbit Cards in circulation

6-9 additional ChefMan branches

4Q & FY 14/15 earnings presentation Section 2: Business Updates

(From 13)

(From 720)


BTSG is WELL-POSITIONED FOR NEW CONTRACTS

Relevant expertise Financial strength Green line advantage

New contracts are expected to be on a ‘PPP GROSS COST BASIS’

Operator to invest in E&M works with repayment

from government Operator given operation

contract Variations will be considered

Mass Transit Update Updates on 6 Mass Transit Lines


17

Light Green Line • Bang Wa – Borommaratchachonnani (7.0km) • Expected O&M award: early 2017 • Target operation: 2019

PINK LINE • Khae Rai – Min Buri (36.0km) • Expected turnkey bidding: 2015 • Target operation: 2020 – 2021

DARK GREEN NORTH LINE • Mo Chit – Saphan Mai – Khu Khot (18.4km) • Expected O&M award: early 2016 • Target operation: 2020

GREY LINE • Watcharaphol – Rama 9 Bridge (26.0km) • Feasibility study underway • Expected bidding (Phase I): early 2016 • Target operation (Phase I): 2019

Phase I: Watcharaphol – Thong Lo (16.3km)

LIGHT RAIL TRANSIT (LRT) • Bang Na – Suvarnabhumi (18.3km) • Awaiting EIA approval • Expected bidding: 2015 • Target operation: 2018

DARK GREEN SOUTH LINE • Bearing – Samut Prakarn (12.8km) • Civil works progress: 54.9% (as of Apr 2015) • Expected O&M award: end 2015 or early 2016 • Target operation: late 2019

Sources: Office of Transport and Traffic Policy and Planning, Mass Rapid Transit Authority of Thailand, Bangkok Metropolitan Administration, Ministry of Transport


Product No. of screens/products No. of airports

LEDs at AOT 25 6 (Suvarnabhumi, Don Mueang, Phuket, Chiang Mai, Chiang Rai and Hat Yai)

LEDs at DCA 7 7 (Khon Kaen, Udon Thani, Ubon Rachathani, Suratthani, Pitsanulok, Krabi and Nakhon Si Thammarat)

Aerobridges 57 5 (Don Mueang, Phuket, Chiang Mai, Chiang Rai and Hat Yai)

Buggy service cart wrap 12 1 (Suvarnabhumi)

AOT airport websites management All the websites n/a

Media Update Strategic Investment in LED Advance

LED ADVANCE GROUP STRUCTURE

18

INVESTMENT HIGHLIGHTS VGI will invest up to THB 180mn or up to 30% in new shares of LED

Advance Expected IRR of 15%+ Another big step for VGI in aviation media industry after

collaboration with AirAsia Dominant position by covering 13 leading airports in Thailand Potential expansion in new media projects with new capital injected

by VGI

PRODUCTS


At Peak

• 57 aerobridges in 5 AOT airports

• Buggy service cart wrap in Suvarnabhumi Airport

Prime World Solution

• Official AOT/airport websites management

Media Genius

• Sale agent for advertising media

100% 100% 100%

LED ADVANCE

• 32 LEDs in 13 Airports


2,6

46

1,5

45

2,0

25

1,7

33

2,0

22

81.6%

73.6% 79.0%

73.5% 78.8%

U Chiang Mai U Inchantree Eastin GrandSathorn

U Sathorn Blended

RevPar (THB per Night) - LHS Occupancy rate

Others 13%

Property Update

RESIDENTIAL PROPERTY

FY 14/15 Commercial

Property Revenue:

THB 932mn

COMMERCIAL PROPERTY

Eastin Grand Sathorn 54% U-Hotels

11%

Thana City Golf 22%

Presold (as of 31 Mar 15): 92%

LOCATION: 250M FROM NEW BTS STATION

SITE AREA: 33,420 SQM (20-3-55 RAI)

LAND TENURE: FREEHOLD

AVERAGE SALE PRICE:

THB 76,400 PER SQM

TDC: THB 2,527MN

TRANSFERRED: 91% (as of 31 Mar 15)

ABSTRACTS PROJECT – PHAHONYOTHIN PARK

COMMERCIAL PROPERTY REVENUE BREAKDOWN

FY 14/15 REVPAR AND OCCUPANCY

19 4Q & FY 14/15 earnings presentation Section 2: Business Updates

HISTORICAL HOTEL OCCUPANCY

76.9% 82.9% 85.0%

74.9%

63.0%

81.8% 81.7% 85.1%

1Q13/14

2Q13/14

3Q13/14

4Q13/14

1Q14/15

2Q14/15

3Q14/15

4Q14/15

http://www.abstractscitizen.com/p-lnsprtn.php


20

Project: High-rise condominium project with panoramic view of parks

Location: Land approx. 5 rai (8,000 sq.m.) near BTS Mo Chit Station

Expected sales value: Approx. THB 5.8bn

Expected project size: 1 tower, 43 floors, 873 units

Expected IRR: Approx. 17% equity IRR

Expected Margin: Approx. 12% NPAT margin

BTS & SIRI

EXPECTED TIMELINE

MAY 2015 Presale

Finish construction JAN 2018

33 months

JUN 2018 Completion of units transferred

Start construction MAR 2015

6 months

PROJECT DETAILS

JATUJAK PARK

Property Update “The Line” - First Project Details under JVCO1



Agenda

Section


Section

2 Section

3

BUSINESS UPDATES


APPENDICES



The impact from loss from discontinued operation (BTSA) in restated consol. P&L

22 4Q & FY 14/15 earnings presentation Appendix 1: Impact from loss from discontinued operation in restated FS

SNAPSHOT - FY 14/15 P&L SNAPSHOT - FY 14/15 NTFS28

RECONCILIATION SUMMARY - SERVICES REVENUE

FY 14/15 – 12M Services

revenue

Cost of

services

Selling

exp

Admin

exp

Per FS (continued op.) 5,676.6 2,754.1 145.8 992.8

Figures related to BTSA 508.0 228.7 18.8 316.2

Total revenue 6,184.6 2,982.8 164.6 1,309.0

Services Revenue Components THB mn

Mass Transit (O&M revenue only) 1,549.3

Media 2,926.0

Property (excl. real estate, BTSA) 436.2

BTSA revenue 508.0

Services 547.8

Other Services Income* 217.2

Total Service Income (per FS) 6,184.6


IR Contacts Address: BTS Group Holdings PCL IR Department 15th Floor, TST Tower, 21 Soi Choei Phuang, Viphavadi-Rangsit Rd., Chomphon, Chatuchak, Bangkok, Thailand 10900 Telephone: +66(0) 2273 8611-15 Email: [email protected] Fax: +66(0) 2273 8610 Website: www.btsgroup.co.th

Thank You


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