Siam Wellness Group Public Company Limited · SET:SPA

Siam Wellness Group Public — Q1 2016 Earnings Presentation

20 slides from Siam Wellness Group Public's earnings presentation, 2016

  1. Slide 1: SPA 1Q16 Summary

    SPA 1016 SUMMARY

  2. Slide 2: Executive Summary

    EXECUTIVE SUMMARY 1Q16 Tourist arrival grows in average +19.75% Y-Y with significance growth in our key market resulting in Average Utilitization Rate of 88% Key Achievements: Future: e Open 2 new stores 500 million Investment Budget — Baan Suan Prachanukul for 10 new branches and M&A - Let’s Relax

  3. Slide 3: First full-scale spa company listed on mai

    S PA is the first full-scale spa company to listed on mai with the most comprehensive services and most number of branches. SWL SPA PRODUCTS) SPA Sad RARINJINDA WELLNESS SPA [ets Relax Baansuan) Massage SWR (HOTEL & FOOD)

  4. Slide 4: SPA's branches are located in most strategic locations

    S PAs branches are located in most strategic locations 1998 2003 2004 2006 2008 2011 2013 2014 2015 2016 BRANDS BANGKOK UPCOUNTRY RarinJinda 2 1 Let’s Relax 8 7 Baan Suan 5

  5. Slide 5: SPA Key Developments (New Branches)

    SPA KEY DEVELOPMENTS (New Branches)

  6. Slide 6: SPA Key Developments (Area Extension)

    SPA KEY DEVELOPMENTS (Area Extension) เพิ่มเรือนนวดไทย 1 หลัง จํานวน 16 เตียง

  7. Slide 7: SPA Key Developments

    SPA KEY DEVELOPMENTS OU ARE FIRST {BuUSMsuoanwuins wo le sca 1.5 Boluo/Aso Sud - 31 s.A. 59 Sulfotins SCB PRVATE BANKNG tnd hugnt Soe PRIVAT Shaln uaconSenensteactud unc ” i SOB FIRST inannitSonosercmaibugnth SOB FIRST Iu) emannssrailuy idan uaenfonrulilsstuiastuD uae fumrannad 6 ou uacuonniondo “ai

  8. Slide 8: High Expectations for Tourist Numbers

    HIGH EXPECTATIONS FOR TOURIST NUMBERS TOURIST ARRIVALS TO THAILAND Thailand Tourist Arrivals 298 30 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 1Q16 Coup Airport HIN1 Flood Polical Coup Closure Spread Protest Source: Yuthasak Su; n, Governor, Tourism Authority of Thailand Remark: 2015Actu

  9. Slide 9: Financial Summary

    FINANCIAL SUMMARY FINANCIAL PERFORMANCE FINANCIAL ATA eee vet Profit (Q-3 months) * Y-Y% (Q1’16 VS Q1’15) : 49% (35.24 VS 23.67) * Q-Q%(Q1’16 VS Q4’15) : 8% (55.24 VS 30.80)

  10. Slide 10: SPA's Strong Operational Performance

    ——__VvVrNrCN | SPAS STRONG OPERATIONAL PERFORMANCE P, by Nataly SPA Revenue SPA Revenue ; by Business by Brand Products 83% Let’s Relax > RarinJinda SPA Customer Source ee SPA Staff Utilization Rate 1 Ox } 2 aig 30% yj Online Booking 1Q16 Staff Utilization Rate is 88% 50% 60>, i Walk-in and Phone Bo

  11. Slide 11: Solid Total Revenue Growth

    SOLID TOTAL REVENUE GROWTH 1Q16 GROWS 49.67% YOY AND 12.65% QOQ_ (THB millions) Q113 Q2'13 Q3'13 Q413 Qi'i4 Q2'14 Q3'14 Q4'14 Qi15 Q2'15 Q3'15, Q4'15 Q1'16

  12. Slide 12: Solid Gross Profit Growth

    SOLID GROSS PROFIT GROWTH 2015 GROSS PROFIT MARGIN IS 36.08% @ 250 = 41.46% pret € ‘ AT13% 39,4796 = 37.24% 36.10% 36.08% = 200 40.29% 32,55% 27.89% 150 100 oe... | ba) Cr 35.5 37.99 2 31.29 98.63 25.19 28.95 19.21 Q113) Q213) -Q313.) «413 Q1'14 214. 314 414 = Q1'15) —Q215 315 «415 = Q1'16

  13. Slide 13: Solid Net Profit Growth

    SOLID NET PROFIT GROWTH 1Q16 NET PROFIT MARGIN IS 20.57% 120 15. 99% faoaad aa 19.41% 19.72% .' ‘oO 20.87% 20.48% 20.32% 20.57% 9 100 17.01% 80 — - _ 2.05% 60 — 4 as s = pT Ty i=l 30.80 & sa 23.67 23.59 20/2/4445 if £ 18a / 1636 14.40 42.08 Q113) Q2'13.)-Q3'13.- Q4'13.- 114. Q2'14 314 414 Q1'15 = Q2

  14. Slide 14: TSS - SSG/Expansion, Brand, Location Classification

    TSS - SSG/EXPANSION, BRAND, LOCATION CLASSIFICATION THE GROUP HAS 13% QOQ GROWTH, 10% GROWTH FROM SPA BUSINESS AND 3% GROWTH FROM OTHER BUSINESS ANSION(4%) bkk 4% SSG EXPANSION BRAND LOCATION Key: BKK - Bangkok Branches UPC - Upcountry Branches

  15. Slide 15: TSS - SSG/Expansion, Brand, Location Classification

    TSS - SSG/EXPANSION, BRAND, LOCATION CLASSIFICATION THE GROUP HAS 50% YOY GROWTH, 45% GROWTH FROM SPA BUSINESS AND 3% GROWTH FROM HOTEL BUSINESS SSG EXPANSION(22%) EXPANSION BKK 18% UPC 4% - sox | Besnnon (45% iat BRAND BAAN SUAN (9%) TSS YOY5S0% HOTEL HOTEL (1%) (970) F&B (2%) OTHER (2%)V Key: -_ B

  16. Slide 16: Key Financial Ratio

    KEY FINANCIAL RATIO D/E RATIO REMAINS STRONG AT 0.18 6.00 ——@— D/E RATIO —e— Liquipity RATIO 5.00 4.00 3.00 . 0.16 0.23 2011 2012 2013 3M2014 6M2014 9M2014 12M2014 3M2015 6M2015 9M2015 12M2015 2016 2014 D/E RATIO 0.24 LIQUIDITY RATIO 3.92 2015 D/E RATIO 0.18 LIQUIDTY ROA AND ROE CONTINUES TO GROW 18

  17. Slide 17: SPA Branch Expansion Plan

    SPA BRANCH EXPANSION PLAN 60 50 40 30 20 10 Total No. of Branches Mi sxk Murc 51 / a 3 or" - 8 8 ie | 1998 2003 2004 2007 2010 2011 2012 2013 2014 2015 2016 2017 2018 Remark: SPA’s Branch Expansion Plan does not include Overseas Expansion

  18. Slide 18: SPA Vision 2020

    SPA VISION 2020 To become the Asia’s Regional Spa Brand(s) with branches expanded throughout Asia.

  19. Slide 19: Growth Pillars of SPA

    GROWTH PILLARS OF SPA Organic Growth Spa Management for Branch Expansion Hotels & Resorts Spa Products Overseas (Retail / Hotels) Branch Expansion

  20. Slide 20: Fhe: wy) draune srunnidien Fwienteil

    Fhe: 129 wy) 3 draune srunnidien Fwienteil ‘Insimmi - 075 81 0588 Fin 4 Fat: unemeguunu untquvdis meimiglnwnlu

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