3Q12. MAJOR CINEPLEX GROUP PLC. Analyst Meeting Paragon Cineplex, Siam Paragon : Nov 12 nd, entertainment. Quarterly Briefing IFESTYLE

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1 IFESTYLE Quarterly Briefing MAJOR CINEPLEX GROUP PLC. Analyst Meeting Paragon Cineplex, Siam Paragon : Nov 12 nd, 2012

2 contents The Bottom Line Financial Review Review of Revenue, Net profit B/S snapshot Growth Potentials 2

3 Snapshot Operation Strengthen movie variety by driving Indian movie Successfully launch side-line product Doraemon topper Brand Engagement: Bangkok Airways Blue Ribbon Screens More than a theatre Live football broadcast (Man Utd Vs Liverpool) Super Model International M Max Theatre Expansion & Investment EGV Seacon Bangkae Successful transformation to 200 th digital screens

4 The Bottom Line Trend Net profit -9%YoY Better cost control though YOY profit slowed down 1Q11 2Q11 4Q11 1Q12 2Q12 4

5 1,470 1,416 2,024 1,856 1,667 1,789 1,725 1,856 1,725 The Revenue Review Trend Revenue -7%YoY Revenue slightly drop had a stronger line up Revenue 2,500 2,000 1,500 1, Q11 2Q11 4Q11 1Q12 2Q12 Revenue 5

6 ,856 1, The Revenue Review breakdown Revenue -7%YoY Cinema -13% Advertising shone though cinema drop Higher confidence in by-movie Concession: topper sustained revenue Concession -3% Advertising +8% Bowling Group -10% Retails -5% Film Distribution -1% 6

7 1Q11 2Q11 4Q11 1Q12 2Q ,000 1,326 1,191 1,123 1,063 1,856 1, The Revenue Review : Cinema Revenue -7%YoY Cinema Group -11% 2,000 Concession 1,800-3% 1,600 GBO -13% Margin compare 2Q12 drop from Film hire(48%) (2Q12 : 47%) Opened Seacon Bangkae(28 Sep12) Electricity up rate, high rental cost for central 1,400 1,200 1, % 30% 26% 27% 28% 29% 26% 35% 30% 25% 20% 15% 10% 5% 0% -5% -10% Cinema revenues & % Gross Margin 7

8 1Q11 2Q11 4Q11 1Q12 2Q ,856 1, The Revenue Review : Cinema(con t) Revenue -7%YoY Cinema Group Digital format drove revenue Still a growth platform in Y % Concession -3% GBO -13% Guest count & ATP(Net complementary) 8

9 1Q11 2Q11 4Q11 1Q12 2Q ,856 1,725 The Revenue Review : Advertising Revenue -7%YoY Automotive & Bank boosted revenue Toyota, Isuzu and Kbank Bangkok Airway s naming sponsor % 88% 87% 89% 87% 88% 87% 95% Advertising +8% TalentOne 200 MPIC150 CineAd % 85% 80% 75% 70% 65% 60% 50 55% 0 50% Core Advertising revenue & % Gross margin 9

10 1Q11 2Q11 4Q11 1Q12 2Q ,856 1,725 The Revenue Review : Bowling Revenue -7%YoY Bowling Group -10% Revenue drop from 3 closed branches but better cost control % % 34% % 91 27% % 34% % 40% 35% 30% 25% 20% 15% 10% 5% 0 0% Bowling Group Revenue & % Gross margin 10

11 1Q11 2Q11 4Q11 1Q12 2Q ,856 1,725 The Revenue Review : Retail Revenue -7%YoY Retails -5% A bit drop from CAWOW and Outdoor shop 37% % 23% % % % 20% % 40% 30% 20% 10% 0% -10% -20% -30% -40% -50% Retails Revenue & % Gross margin 11

12 ASSETS EQUITY ASSETS EQUITY LIABILITIES LIABILITIES B/S Snapshot 'Jun 30, 12 Sep 30, 12 %chg Assets 11,053 11,194 1% Liabilities 4,836 5,045 4% Equity 6,217 6,149-1% JUN 30, 12 SEP 30, 12 11,053 4,836 11,194 5,045 6,217 6,149 18,000 18,000 16,000 16,000 14,000 14,000 12,000 12,000 10,000 10,000 8,000 8,000 Net D/E increased from debenture Bt 1000m Net interest-bearing debts Equity Net D/E Net interest-bearing debts Equity Net D/E , ,000 4,000 2,000 2, YE09 YE10 YE11 END OF

13 ASSETS EQUITY LIABILITIES Investments Portfolio vs. Interest-bearing debts Investments %Share Cost per Share Market value* Major's Cost Investment portfolio as of 6 th Nov 12: 66% in M Pictures Entertainment Plc. (MPIC) 23% in Siam Future Development Plc. (SF) 33% in Major Cineplex Lifestyle Leasehold Property Fund (MJLF) 40% in ThaiTicketMajor Co., Ltd. 45% in Major Kantana Broadcasting Co., Ltd. 9.9% in PVR Limited (PVRL) 49% in PVR blu-o Entertainment Limited 80% in Talent One Co.,ltd. 50% in K-Arena Gain(Loss) MJLF 33.0% ,503 1, Siam Future 23.1% , ,442 MPIC 66.1% (64) PVRL 9.9% Total 4,448 2,572 1,875 *Closing price on Nov 6,2012 SEP 30, 12 11,053 4,836 11,194 5,045 6,217 6,149 Interest-bearing debts 2Q12 Bank OD & ST loans 831 CP of LT borrowings 874 LT borrowings 166 Debentures 1,000 Total 2,870 As of 13

14 IFESTYLE Quarterly Briefing GROWTH POTENTIALS

15 Q12 ROWTH QUARTERLY BRIEFING POTENTIALS Major Cineplex s Mission Build Movie Culture in Thailand like a Bollywood in Indian. Achieve sustainable growth in Movie & Entertainment industry. 600 screens in 2015 and 1,000 screens in Create Social Business Model. Go Asian 15

16 Q12 ROWTH QUARTERLY BRIEFING POTENTIALS FY13 Strategic Focus Continues expansion to growth areas. Driving same store growth by driving M-Generation card. Cost control by using technology to decrease manpower. Further expansion into India while exploring other International markets in South East Asia. 16

17 Strategic Investment: Lifestyle Mall Investment Rapid and economical expansion arm without zoning limitation Neighborhood Center / Stand-Alone Retail Store / Lifestyle center / Entertainment Center

18 ROWTH POTENTIALS FY13 Blockbuster Highlight 1Q13 HANSEL & GRETEL : WITCH HUNTERS A GOOD DAY TO DIE HARD (DIE HARD 5) G.I.JOE : RETALIATION Les Miserables 2Q13 IRON MAN 3 Oblivion FAST SIX (FAST & FURIOUS 6) After Earth 3Q13 The Long Ranger Man of Steel The Wolverine Pacific Rim Percy Jackson: Sea of Monsters 4Q13 The Hunger Games: Catching Fire Thor: The Dark World 47 Ronin The Hobbit: There and Back Again

19 Q12 ROWTH QUARTERLY BRIEFING POTENTIALS Capacities As of Nov 2012 FY10 FY11 FY12 FY13 Screens BKK & Vicinity IKEA 15 Bangyai 5 Bangkae 10 Emporium 2 8 TBA 5 Provincial Ubonratchathani 2 Maesod 4 Additional screens Roi-Et 5 Bangna 1 Nakornsawan2 4 Additional screen Ampo Mall Ayutthaya 4 Udonthanee 4 Ubonratchathani 2 7 Additional screens Nongbualumphu 4 Nakornsrithamaraj 4 Suratthani 7 Satoon 5 Sakonnakhon 4 Prachinburi 4 Suphanburi 4 Songkla 5 Suratthani 2 5 Klaeng 4 Hadyai 10 Chiangmai 2 11 Samui 5 TBA 9 Lanes BKK & Vicinity IKEA 24 Provincial Hadyai 16 International 24 Vasant Kunj 26 Bangalore 60 Pune 36 Mumbai 12 Raja Garden 22 Chandigarh 26

20 Q12 ROWTH QUARTERLY BRIEFING POTENTIALS M Generation Ratio M Gen Card : Regular & Student Student 54.1% Regular 45.9% Total 1,720,409 members Loyalty card to customers 4.7 Customer insights & Direct marketing channel for MAJOR to drive same-store growth 0.5 **0.5m members (Bt 28m) for Y2012 As of Nov 6 th 12 20

21 Thank You IFESTYLE Quarterly Briefing MAJOR CINEPLEX GROUP PLC.