Central Plaza Hotel Pcl.16 March, 2017

Opportunity Day Presentation

Disclaimer

This presentation contains certain forward looking statements. Such forward looking statements arenot guarantees of future performance and involve risks and uncertainties, and actual results maydiffer from those in the forward looking statements as a result of various factors and circumstances.The views, analyses and opinions expressed herein contain some information derived from publiclyavailable sources and third party information providers. No representation or warranty is made asto the accuracy, completeness, or reliability of such information. This presentation should not berelied upon as any recommendation, view, opinion, representation or forecast of “Central PlazaHotel Plc.” Nothing in this presentation should be construed as either an offer to sell, a solicitationof an offer to buy or sell shares or any type of securities in any jurisdiction. This presentation is notintended to be any type of investment advice and must not be relied upon as such. You mustalways seek the relevant professional advice before otherwise making any such financial, legal orcommercial decisions.

2

Content

3

Financial Summary1

Business Performance2

Business Outlook3

Appendix4

68% 62% 70% 69%

32% 38% 30% 31%

4Q15 4Q16 FY15 FY16

48% 48% 47% 47%

52% 52% 53% 53%

4Q15 4Q16 FY15 FY16

Hotel Food

73% 68% 70% 68%

27% 32% 30% 32%

4Q15 4Q16 FY15 FY16

Consolidated Earnings: 4Q16 and FY16

4

Note: * Excluded deferred income from property fund

THB million 4Q15 4Q16 % Chg. FY15 FY16 % Chg.

Total Hotel revenue* 2,374.1 2,370.7 -0.1% 9,046.4 9,268.2 2.5%

Total Food Revenue 2,622.1 2,614.7 -0.3%10,169.

710,597.2 4.2%

Total Revenues 4,996.2 4,985.4 -0.2%19,216.

119,865.4 3.4%

EBITDA 1,023.8 1,103.4 7.8% 4,196.9 4,314.8 2.8%

EBITDA (%) 20.5% 22.1% - 21.8% 21.7% -

Reported Net Profit 289.9 415.9 43.5% 1,663.6 1,849.6 11.2%

EPS (Baht/ share) 0.21 0.31 47.6% 1.23 1.37 11.4%

Financial highlights:

Contribution by Business

Total Revenue

EBITDA

Net Profit After Tax

Financial Position as at 31 Dec 16

5

24,443

14,523

9,921

24,397

13,28011,117

Total Asset Total Liability Total Equity

31-Dec-15 31-Dec-16

Unit: Btmn

Balance Sheet Summary Summary of Debt Profile

Interest bearing debt (“IBD”) was Bt7,767mn with an average cost of debt of 3.6%.

L/T Loan, 75%

S/T Loan, 25%Float Rate, 35%

Fixed Rate, 65%

Key financial ratios 31-Dec-15 31-Dec-16

Net Debt*/Equity 1.18 0.90

IBD/Equity 0.88 0.70

*Total liabilities (excl. amortized deferred income from property fund) less cash

6

Hotel Business

Hotel Portfolios as at 31 Dec 16

7

Category 5 Stars 4 Stars 3 Stars EconomyIndependent

TravelersExtended Stay

Brands

In Operation Pipeline

No. of Hotels Thailand Overseas Total Thailand Overseas TotalGrand Total

Equity owned 12 2 14 2 - 2 16Joint Venture - - - - 1 1 1Property Fund 1 - 1 - - - 1Management contract

20 2 22 3 9 12 34

Total 33 4 37 5 10 15 52

In Operation Pipeline

No.of Rooms Thailand Overseas Total Thailand Overseas Total Grand Total

Equity owned 3,358 252 3,610 431 - 431 4,041

Joint Venture - - - - 550 550 550

Property Fund 202 - 202 - - - 202

Management contract

2,932 283 3,215 616 2,356 2,972 6,187

Total 6,492 535 7,027 1,047 2,906 3,953 10,980

54% 44%

46% 56%

In Operation In operation +current pipeline

No. of rooms by ownership

Management contract

92% 69%

8% 31%

In Operation In operation +current pipeline

No. of rooms by Location

Thailand Overseas

# of rooms 2017 2018 2019 Total

China 250 346 596

Cuba 245 245

Doha 357 804 1,161

Dubai 550 550

Laos 200 200

Oman 154 154

Thailand 151 716 180 1,047

Total Rooms

662 2,015 1,276 3,953

Total Hotels 3 7 5 15* incl. contracts on hand only / Cosi samui plan to open in 2017 and Cosi Pattaya in 2018

Hotels in pipeline by years of opening

Summary of Hotel Portfolios

Hotel Performance: 4Q16 and FY16 (1/2)

8

OCC (%) 4Q15 4Q16Chg(pt) FY15 FY16

Chg(pt)

Bangkok 80.9% 76.6% -4.2% 81.3% 81.2% -0.1%

Upcountry 79.2% 79.4% 0.2% 79.6% 81.8% 2.2%

Maldives 83.5% 88.0% 4.4% 81.5% 86.7% 5.1%

Average 80.0% 79.2% -0.7% 80.2% 81.9% 1.7%

ARR (THB) 4Q15 4Q16 Chg FY15 FY16 Chg

Bangkok 3,377 3,568 5.7% 3,248 3,394 4.5%

Upcountry 4,145 4,039 -2.5% 4,017 3,928 -2.2%

Maldives 20,237 19,218 -5.0% 19,133 19,262 0.7%

Average 5,033 5,025 -0.2% 4,809 4,851 0.9%

Revpar (THB) 4Q15 4Q16 Chg FY15 FY16 Chg

Bangkok 2,731 2,735 0.1% 2,642 2,755 4.3%

Upcountry 3,282 3,209 -2.2% 3,197 3,213 0.5%

Maldives 16,901 16,903 0.0% 15,602 16,698 7.0%

Average 4,024 3,980 -1.1% 3,858 3,975 3.0%

Bangkok:• Short term impact from mourning period;• Strong Revpar growth for Centara Grand@Central World

Upcountry:• Krabi and Samui reported strong Revpar growth;• Recovery of Russian favor Pattaya hotel;• Overall Revpar declined mainly from 2 location including:

• Phuket: challenging market due to high competition in 4 stars. 3-week close of Centara Grand Phuket in November also led to negative Revpar growth in 4Q.

• Huahin faced competition from overall market slow down and new supply in the market.

Maldives:• High Revpar growth in Centara Grand Maldives mainly

driven by volume. 4-star continued facing price competition.

Hotel Performance: 4Q16 and FY16 (2/2)

9

2,374 2,371

9,046 9,268

10. 0%

15. 0%

20. 0%

25. 0%

30. 0%

35. 0%

0

2,000

4,000

6,000

8,000

10,000

4Q15 4Q16 FY15 FY16

Note: Total revenue excluded deferred rental income from property fund

(Unit: Btmn)

0.1%

2.5%

Revenue

0.2%

745 745

2,951 2,934

31.4% 31.4% 32.6% 31.7%

10. 0%

15. 0%

20. 0%

25. 0%

30. 0%

35. 0%

0

1,000

2,000

3,000

4,000

4Q15 4Q16 FY15 FY16

(Unit: Btmn)

197 259

1,145 1,237

8.3%

10.9%12.7% 13.3%

0.0 %

2.0 %

4.0 %

6.0 %

8.0 %

10. 0%

12. 0%

14. 0%

0

400

800

1,200

1,600

2,000

4Q15 4Q16 FY15 FY16

EBITDA

31.3%

8.0%

(Unit: Btmn)

NPAT

4Q16 Highlights:• No revenue and EBITDA growth in 4Q, despite strong

recovery of Centara Grand Maldives. 3-week closure ofCentara Grand Beach Phuket and impact of mourning periodmainly explained the reason.

• Lower non operating costs such as interest and tax expensesand provision related to property fund helps drive the profitgrowth.

FY16 Highlights:• 2.5% revenue growth is mainly driven by growth from Centara

Grand Maldives, Centara Grand at Central Worlds, Centara GrandPhuket and Samui. Huahin and some Phuket hotels showed theloss in revenue yoy.

• 0.2% drop in EBITDA is mainly due to negative Revpar growth ofHuahin hotel and close of Centara Grand Phuket in November for3 weeks. Expecting proceeds from insurance claim in Q117.

• Net profit increase by 8% mainly from the saving on interest andtax.

Revenue Contribution by Location: FY16

30.7%

19.1%15.5% 12.7%

7.3% 6.6% 5.7%2.5%

29.9%

20.4%14.8% 12.3%

6.9% 6.9% 6.1%2.6%

Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Others

FY15 FY16

10

FY16 Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Hat Yai Tak Total

# Hotels 2 2 4 1 1 2 1 1 1 15

# Rooms 1,077 252 827 555 249 302 192 245 113 3,812

% of Total Rooms 28.3% 6.6% 21.7% 14.6% 6.5% 7.9% 5.0% 6.4% 3.0% 100%

Y-o-Y RevPar Growth 4.3% 7.0% -4.0% 0.8% -4.7% 6.5% 10.3% 5.2% 23.0% 3.0%

Tourist Arrivals Trend & Centara’s Key Sourced Markets

11

Source: TAT, BOT, * EIC (Siam Commercial Bank Pcl.)

22.526.5 24.8

29.932.6

35.361%

65%

56%

65% 67%70%

80%74%

80% 82%

10. 00%

20. 00%

30. 00%

40. 00%

50. 00%

60. 00%

70. 00%

80. 00%

90. 00%

0.0

10.0

20.0

30.0

40.0

50.0

60.0

2012A 2013A 2014A 2015A 2016A 2017F*

Tourist Arrivals

Tourist Arrivals

36%

9%

31%

3%

15%

3% 3%

38%

9%

32%

4%

13%

3% 2%

FY15 FY16

Centara’s Guest by Key Nationality

12

Food Business

Food Performance: 4Q16 & FY16

13

SSS TSS SSS TSS

% 4Q15 4Q16 4Q15 4Q16 FY15 FY16 FY15 FY16

Top 4 Brands

0.2% -6.1% 1.6% -2.2% -1.4% -1.2% 1.3% 2.3%

Others 0.6% 0.0% 3.8% 16.6% 6.1% 3.7% 7.5% 20.5%

Average 0.2% -5.6% 1.9% -0.1% -0.7% -0.7% 2.0% 4.3%

# of outlets KFC MD AA OTY PL CBT RYU CSC TT YO TEN KAT Total

2015 207 318 129 47 15 16 1 16 15 17 4 7 792

2016 219 328 139 44 21 16 - 19 12 15 5 12 830

Outlet Change 12 10 10 -3 6 - -1 3 -3 -2 1 5 38

4Q16 – Performance highlights

• SSS was lower than expectation due to: Low traffic in shopping malls No promotion or advertising

activity such as TV campaign during mourning period.

• Reported flat TSS even negative SSS as a result of outlet expansion in total of 24 outlets in 4Q16.

FY16 – Performance highlights

• SSS growth lower than expectation mainly related to big drop in Q4.

• TSS growth mainly driven from KFC, AA and PL

Summary of Key Performance Indicators

Food Performance: 4Q16 & FY16

14

2,622 2,615

10,170 10,597

10. 0%

15. 0%

20. 0%

25. 0%

30. 0%

35. 0%

0

2,000

4,000

6,000

8,000

10,000

12,000

4Q15 4Q16 FY15 FY16

(Unit: Btmn)

0.3%

4.2%

Revenue

4Q16 Highlights:• 0.3% decline in revenue was mainly due to negative

SSS growth of 5.6%, despite 24 net outletexpansion in this quarter.

• Big increase in EBITDA margin was related lowerA&P spending and lower provision on outletclosures.

FY16 Highlights:• 4.2% growth In revenue was mainly related to

outlet expansion. Net 38 outlets were added inFY16.

• Improvement of EBITDA margin was related tobetter cost management in particular lower A&Pduring 4Q and lower provision from outlet closures.

279 358

1,2461,381

10.6%

13.7% 12.3% 13.0%

0.0 %

2.0 %

4.0 %

6.0 %

8.0 %

10. 0%

12. 0%

14. 0%

0

400

800

1,200

1,600

4Q15 4Q16 FY15 FY16

EBITDA(Unit: Btmn)

28.6%

10.8%

Revenue Contribution by Brand: FY16

15

*Heavy food included Pepper Lunch, Chabuton, Ryu, The Terrace, Yoshinoya, Tenya and Katsuya

**Light food included Cold Stone and CRGM

FY16 KFC Mister Donut Ootoya Auntie Anne’sOther heavy

food*Other light

food**Total

#Outlets 219 328 44 139 81 19 830Y-o-Y growth

(#outlet)5.8% 3.1% -6.4% 7.8% 8.0% 18.8% 4.8%

55%

19%

8% 7% 9%2%

55%

17%

8% 7% 11%3%

KFC MD OOTOYA AA Other Heavy Food Other Light Food

FY15 FY16

Portfolio Allocation as at 31 Dec 16

16

Brands # Outlets

KFC 219

Mister Donut 328

Auntie Anne’s 139

Ootoya 44

Pepper Lunch 21

Cold Stone 19

The Terrace 12

Chabuton 16

Yoshinoya 15

Tenya 5

Katsuya 12

Total 830

3% in the West

7% in the North

58%in Central

10%in the East

14% in Northeast

8% in the South

Outlets and Revenue Contribution:35% of total outlets and 36% oftotal food revenue are fromBangkok

35%

Bangkok Contribution

36%

By Location By Revenue

17

Business Outlook

CAPEX Plan 2017

18

Note: Excluded JVs in Dubai and M&A Project

Ho

tel

Bu

sin

ess•Annual Renovation CAPEX

Bt500mn-Bt600mn

•Room Renovation at Centara Grand at Central World Bt170mn

•Cosi Samui Bt220mn

•Cosi Pattaya Bt340mn (total project cost Bt620mn)

Foo

d

Bu

sin

ess• Annual Renovation

CAPEX of Bt350mn

• New Outlet Expansion Bt590mn

• Others Bt160mn

Guidance 2017

Hotel FY16F FY16A FY17E

Occupancy 82 -83% 81.9% 81% - 82%

RevPar 4% - 5% 3.0% 3% - 4%

Revenue from operation 4% - 5% 2.5% 3% - 4%

19

Food FY16F FY16A FY17E

SSS 1% - 2% -0.7% 1% - 2%

TSS 5% - 6% 4.3% 5% - 6%

Outlet Expansion 4% 4.8% 4%

2017: Organic growth focusing on profit margin improvement plus potential upside from M&A

Remark:• Mourning period, close of Centara

Grand Phuket for 3 weeks in November 2016 resulted in lower growth than original forecast for both hotel and food. These negative factors mainly impacted Q4.

• FY17: expects ARR to drive growth instead of volume.

• SSS growth is expected to be 1-2%, given current state of economy.

20122016

2021

Development Highlight

20

Total 677 outlets

Target 830 outlets

Target > 1,100 outlets

Total 6,579 rooms Owned & JVs : Managed hotels

= 58:42

Total 7,566 rooms Owned & JVs : Managed hotels

= 50:50

Total >14,000 rooms Owned & JVs : Managed hotels

= 40:60

21

Appendix

Hotels in Operation as at 31 Dec 16 (1/3)

Owned and Property Fund Hotels Stars Opened # of Rooms % Owned Country

1 Centara Grand at Central Plaza Ladprao Bangkok 5 2Q83 565 100% Thailand

2 Centara Grand Resort & Villas Hua Hin 5 1Q86 249 64% Thailand

3 Centara Mae Sot Hill Resort 4 4Q89 113 100% Thailand

4 Centara Hat Yai 4 4Q95 245 100% Thailand

5 Centara Grand Beach Resort Samui 5 2Q96 202 25% in Property Fund Thailand

6 Centara Villas Samui 4 2Q00 100 100% Thailand

7 Centara Villas Phuket 4 2Q00 72 100% Thailand

8 Centara Grand Beach Resort & Villas Krabi 5 4Q05 192 100% Thailand

9 Centara Kata Resort Phuket 4 2Q06 158 100% Thailand

10 Centara Karon Resort Phuket 4 2Q06 335 100% Thailand

11 Centara Grand at CentralWorld 5 4Q08 512 100% Thailand

12 Centara Grand Mirage Beach Resort Pattaya 5 4Q09 555 100% Thailand

13 Centara Grand Island Resort & Spa Maldives 5 4Q09 112 74% Maldives

14 Centara Grand Beach Resort Phuket 5 4Q10 262 100% Thailand

15 Centara Ras Fushi Resort & Spa Maldives 4 1Q13 140 75% Maldives

Total Owned and Property Fund 3,812

22

Summary # of Properties # of Rooms

Owned & JV hotels 15 3,812

Managed hotels 22 3,215

Grand total 37 7,027Owned and JV hotels

Hotels in Operation as at 31 Dec 16 (2/3)

Managed Hotels Stars Opened # of Rooms

% Owned Country

16 Centara Chaan Talay Resort & Villas Trat 4 1Q08 44 - Thailand

17 Centara Hotel & Convention Centre Udon Thani 4 2Q10 259 - Thailand

18 Centara Q Resort Rayong 4 2Q10 42 - Thailand

19 Khum Phaya Resort, Centara Boutique Collection Boutique 3Q10 87 - Thailand

20 Waterfront Suites Phuket by Centara Residence 1Q11 39 - Thailand

21 Centara Anda Dhevi Resort & Spa Krabi 4 4Q11 135 - Thailand

22 Centara Pattaya Hotel 4 4Q11 152 - Thailand

23 Centara Nova Hotel & Spa Pattaya 4 4Q11 79 - Thailand

24 Centara Koh Chang Tropicana Resort 4 2Q12 157 - Thailand

25 Centra Coconut Beach Resort Samui 3 3Q12 55 - Thailand

26 Sandy Beach Non Nuoc Resort Danung Vietnam Managed by Centara 4 4Q12 118 - Vietnam

27 Centra Government Complex Hotel & Convention Centre Chang Wattana

3 4Q12 204 - Thailand

28 Centara Watergate Hotel & Spa Bangkok 4 2Q13 281 - Thailand

29 Centara Seaview Resort Khao Lak 4 2Q13 230 - Thailand

30 Centara Grand Phratamnak Pattaya 5 3Q13 165 - Thailand

23

22 Hotels under management contracts

Hotel in Operation as at 31 Dec 16 (3/3)

Managed Hotels Stars Opened # of Rooms

% Owned Country

31 Centra Central Station Bangkok 3 3Q13 150 - Thailand

32 The Blue Marine Resort & Spa Phuket managed by Centara Hotel & Resort

4 1Q14 266 - Thailand

33 Centara Ceysands Resort & Spa Srilanka 4 2Q14 165 - Sri Lanka

34 Centra Avenue Hotel Pattaya 3 4Q14 51 - Thailand

35 Centra Maris Resort Jomtien 3 1Q16 282 - Thailand

36 Centra Phu Pano Resort Krabi 3 4Q16 158 - Thailand

37 Centara Azure Hotel Pattaya 4 4Q16 96 - Thailand

Total Managed Hotel 3,215

Grand Total 7,027

24

22 Hotels under management contracts (cont’d)