Strictly Private and Confidential
Potential Asset Divestments by The Erawan Group
Financial Advisor and Underwriter
Fund Manager
Invested Assets Overview
Strictly Private and Confidential
Property
ibis Patong
ibis Pattaya
Phuket
Chonburi
Freehold
Freehold
2602/
254
Area (sq.m)
10,400
10,100
2012 Occupancy Rate (%)1/
78.6%
90.8%
2012 Average Daily Rate (THB/ day)1/
1,278
1,043
Location Land ownership Number of rooms (#)
Remark: 1/ Unaudited 12-month result and 2/ 2 rooms are used for internal use Source: Erawan
-1-
Invested Assets - ibis Patong
Strictly Private and Confidential
Key Descriptive Property Information Land Ownership
:
Freehold
Location
:
Patong, Phuket
Land Area
:
3-3-28.6
Area
:
10,400 sq.m. (incl. common area and swimming pool)
No. of Rooms
:
2601/ rooms
Hotel Operator
:
Accor Group
Operating period
:
Approx. 5 years (Opening in May 2008)
Nearby Attractions:
Facilities: - Lobby -
- Meeting Room -
Simon Cabaret (2.0 km)
Elephant Trekking (6.0 km)
Phuket FantaSea (13.0 km)
Jungceylon (2.6 km)
Karon Beach (10.0 km)
Phuket Orchid Farm (18.0 km)
Go Kart (5.0 km)
Phuket Golf Country Club (12.0 km)
Phuket Town (20.0 km)
- Bar -
Rating by booking agencies1/
- Taste Restaurant -
- Guest Room -
- Guest Room -
Source: Erawan 1/ 2 rooms are used for internal use - 2 Remark: -
Remark: 1/ information as of 8th January 2013
Invested Assets - ibis Patong
Strictly Private and Confidential Room Revenue, Occupancy Rate and Average Room Rate
• Located in the heart of Patong, the hotel is a 5-minute walk to the beach and only 45-minute drive from the Phuket International Airport
Millions THB mm
Key Highlights 180
revenue with EBITDA Margin in range of 36% - 43%
80
Expansion of PIA will bring in more charter flights and larger arrival numbers in the coming years Economy hotel will benefit from emerging market growth as
20
travellers from Russia, China, and India who have lower spending budget become a new source of demand
0
80%
63.7%
100
60
78.6%
75.1%
71.7%
140
• Key opportunistic factors include:
90%
160
120
• Strong track record of improving occupancy rate and room
100%
68
70%
88
91
1,309
1,293
95
50%
1,278
40
20%
1,139
10%
2009A
2010A
2011A OR (%)
2012A * 2012E* Average Room Rate (THB)
Remark: * Unaudited 12-month result
60%
42.1%
60
42.9%
36.2%
50
45
48
43.7% 50
Base Rent Structure THB mm
THB mm
Guest Profile by Country
80 70
50%
40% OTHER, OTHER, 28% 28%
RUSSIA, 22%
30%
40
30
UAE, 10%
30
20%
20 10% 10
INDIA, INDIA, 7% CHINA, 7%
AUSTRALIA, 11% 11%
THAILAND, THAILAND,KOREA, KOREA, 8% 10% 10%
0
0%
2009A
2010A
2011A
2012A *
Source: Erawan
Source: Erawan
Source: Erawan
Remark: Expected 12-month result
Remark: Expected 12-month result
Remark: Monthly base rent to total asset base rent
-3-
40% 30%
Room Revenue (THB mm)
EBITDA and EBITDA Margin
60%
0%
Invested Assets - ibis Pattaya
Strictly Private and Confidential
Key Descriptive Property Information Land Ownership
:
Freehold
Location
:
Pattaya, Chonburi
Land Area
:
2-2-34.3
Area
:
10,100 sq.m. (incl. common area and swimming pool)
No. of Rooms
:
254 rooms
Hotel Operator
:
Accor Group
Operating period
:
Approx. 5 years (Opening in July 2008)
Nearby Attractions: Tiffany Cabaret (0.3 km)
Ripley’s Believe It or Not (1.5 km)
Jomtien Beach (5.0 km)
Pattaya Beach (0.5 km)
Underwater World Pattaya (2.0 km)
Pattaya Elephant Village (5.0 km)
Alcazar Cabaret (0.5 km)
Mini Siam (2.0 km)
Facilities: - Lounge -
- Meeting Room -
- Restaurant -
- Swimming Pool -
- Guest Room -
- Guest Room -
Rating by booking agencies1/
Remark: 1/ information as of 8th January 2013
-4-
Source: Erawan
Invested Assets - ibis Pattaya
Strictly Private and Confidential Room Revenue, Occupancy Rate and Average Room Rate
• Surrounded by the tourist attractions and nightlife scene, this ibis hotel is attractive to both Thai and foreign travellers. The beach is very nearby as are shopping malls, restaurants, shops and bars
THB mm Millions
Key Highlights 150
90.8% 85.9% 73.9%
80%
110
63.6%
88
90
1,043
58 47
50
Major investment into tourist attractions and new branded
30%
30 20%
851 10
805
10%
2009A
-10
2010A
Room Revenue (THB mm)
theme parks will broaden market demographics
2011A OR (%)
2012E* 2012A * Average Room Rate (THB)
Remark: * Unaudited 12-month result
Guest Profile by Country
80
60%
70
50%
42.1%
60
36.2% 50
40%
45
29.8% 40
30%
34 18.5%
30
Base Rent Structure THB mm
THB mm
EBITDA and EBITDA Margin
20%
22
20
11
10%
10 0
2009A
2010A
2011A
2012A *
0%
Source: Erawan
Source: Erawan
Source: Erawan
Remark: Expected 12-month result
Remark: Expected 12-month result
Remark: Monthly base rent to total asset base rent
-5-
50% 40%
953
The enhancement of the transportation infrastructure and booming of Eastern Seaboard economic zone will bring in more visitors
70% 60%
76
70
• Key opportunistic factors include:
90%
130
• Proven track record of improving Room Revenue, OR, Average Room Rate and EBITDA Margin
100%
0%