Central Pattana : Investor Presentation Q4 2023

FY2023 Corporate Presentation

DISCLAIMER

The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Central Pattana Public Company Limited ("Central Pattana, "CPN" and shares in CPN, "shares") in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.

This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which Central Pattana operates and general achievement of Central Pattana business forecasts, which will cause the actual results, performance or achievements of Central Pattana to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.

This presentation has been prepared by the Central Pattana. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the Central Pattana or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon directly or indirectly for any investment decision-making or for any other purposes.

This presentation and all other information, materials or documents provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed or made available to any other person, save in strict compliance with all applicable laws.

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AGENDA

• Key Highlights
• Company Overview
• 2023 Recap & 2024 Guidance
• 2023 and 4Q23 Business Updates
• Announced Project Pipeline
• Financial Performance

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KEY HIGHLIGHTS

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KEY INVESTMENT CONSIDERATIONS

The largest retail property developer in Thailand and the only player who can offer complete "center of

life" ecosystem with additional support from Central Group

Well-diversified portfolio through retail-ledmixed-use strategy with synergy between retail/non-retail

resulting in robust retail and office occupancy

Accommodative macro factors from robust domestic consumption in mid-to-high income segment

with tailwinds from foreign tourists' recovery

Solid financial structure reaffirmed by TRIS with "AA" ratings and "stable" outlook with continual

improvement in net D/E

Integrated ecosystem with CPNREIT & CPNCG as assets recycling vehicles for mature assets

#1 DJSI World 2023 in real estate management & development category reflecting commitment to ESG

through net zero journey and a robust Sustainability Framework

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THE 360-DEGREE CENTER OF LIFE THROUGH SUPPORT FROM THE 1

• 1 million+ daily footfall traffic overall

• More than 2,500 brands and 7,000+ tenants

(38 Malls, 17 Com Mall, 1 JV)

(29 Projects)

(10 Projects)

1,000+ Keys

• Central Group's The 1 is Thailand's largest loyalty platform with over 20 million members and more than 3,000 brands in The 1 ecosystem
• The 1 Biz is the partnership between CPN and tenants to gain more insights on shoppers through data analytic tools, CPN currently has 800+ brands under The 1 Biz ecosystem

2023 - STRONG PERFORMANCE

		New Project launches
+11
	+ value enhancement
	through renovation

>70Int brand opening first stores at CPN

+1

40 17

ESG initiatives

Partner Champion

with tenants

+5

33

ATH revenues/ NPAT/ DPS

ATH retail gross profit margin

Net D/E improved from 0.82x to 0.71x

+5

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2024 KEY HIGHLIGHTS

			New Project launches
+13
	+ opening of hotel at
	Dusit Central Park
6		Asset enhancement
			projects

ESG initiatives

Partner

Champion

with tenants

NLA +~90,000 sqm and +10% target revenue growth

Support CPNREIT capital raising

Continued improvement in net D/E

+2

42 17

+10 +1

4310

*10 hotels excluding Dusit Central Park project

COMPANY OVERVIEW

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CENTRAL GROUP STRUCTURE

CPN is the property development arm of Central Group, the largest retail conglomerate in Thailand

(est 1980)

(est 1956)

(est 1980)

Owner, developer, and manager of	Multi-format retail operators	Owner, developer, and manager of hotel
retail-ledmixed-use development		chains and operator of chain restaurants

Fashion

Hardline

Food

Property

Health & Wellness

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