Siam Wellness Group Public Company Limited · SET:SPA

Siam Wellness Group Public — Q2 2024 Earnings Presentation

40 slides from Siam Wellness Group Public's earnings presentation, August 2024

  1. Slide 1: SPA 2Q24

    SPA 2Q24 NESS oSu > LF n ie) IZ eg

  2. Slide 2: Disclaimer

    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 Siam Wellness Group Public Company Limited (“SPA” and shares in SPA, “s

  3. Slide 3: Executive Summary: Highlights, Contributing Factors, Outlook

    CONTRIBUTING HIGHLIGHTS: FACTORS: •2Q24 Net Profit 61.63 m THB • Acquisition of New Tourist Target (NPBT +28.25%*) and 2Q24 such as Middle East, India and Revenue 391.62 m THB (+9.25%) Europe • Strong Utilization Rate and • Expansion in 2H24 Growing Therapist Number • Recent Signing of new Spa Operat

  4. Slide 4: Company Overview

    COMPANY OVERVIEW CAFE & MEAL 04

  5. Slide 5: SPA first full-scale spa company listed on mai

    SPA is the first full-scale spa company to listed on mai with the most comprehensive services and most number of branches. SWL SPA (SPA PRODUCTS) SWR (HOTEL & FOOD) OTHER WELLNESS SWE SERVICES (MASSAGE SCHOOL) ONSEN STRETCH ME CLINIC DR.SPILLER PURE SKINCARE SOLUTION 05

  6. Slide 6: Total 71 Branches Thailand

    TOTAL 71 BRANCHES THAILAND (As of 30 / 06 / 2024) 5-STARS SPA 4-STARS SPA 3-STARS SPA INNOVATIVE WELLNESS SPA BOUTIQUE DAY SPA NEIGHBORHOOD MASSAGE & SPA Avg. Spend = 2,275 THB/pax Avg. Spend = 1,500 THB/pax Avg. Spend = 700 THB/pax CAPEX 25 million THB/branchzz CAPEX 15-20 million THB/branch CAPEX

  7. Slide 7: Stretching Clinic and Sophisticated Facial Spa

    STRETCHING CLINIC WITH SOPHISTICATED ADVANCED TECHNOLOGY FACIAL SPA Avg. Spend = 1,400 THB/pax Avg. Spend = 3,000 THB/pax CAPEX 5-7 million THB/branch CAPEX 5-7 million THB/branch 4 BRANCHES THAILAND* 2 BRANCHES THAILAND 07

  8. Slide 8: SPA's branches are located in most strategic locations

    SPA’s branches are located Let’s Relax RarinJinda BaanSuan Stretch me in most strategic locations 0 10 20 30 40 50 60 70 80 CHINA XI-AN 2023 55 2 8 6 71 2022 52 2 10 7 71 Chiang Mai 2021 49 3 10 7 70 2020 48 3 10 7 70 2019 45 3 10 5 63 Nong Khai 2018 39 3 10 3 55 MYANMAR 2017 27 3 11 41 YANGON 2016

  9. Slide 9: Business Model

    BUSINESS MODEL SSG -1%, 4% SSG / Expansion SWG Expansion -%, 4% -1%, +8% QoQ, YoY Let’s Relax -%, 9% (3 months) SWR Brand RarinJinda -1%, 0% -2%, -0.5% -2%, +9% Baan Suan -%, -1% SWL+TGT -%, -0.5% Location BKK 0.5%, 5% UPC -1.5%, 3% Others +1%, +1% 09

  10. Slide 10: SPA Customer by Nationality 2Q24

    SPA Customer by Nationality 2Q24 SPA Revenue by Business 2Q24 Spa Revenue by Brand 2Q24 3% Hotel & Food 2% Others 2% RarinJinda 1% Other 4% 5% Baan Suan Products 40% Thai & Ex-pats 60% 92% Tourists (Asia, Middle East, Europe, USA) 91% Spa & Wellness Let’s Relax 80% 80% 80% 80% 83% 81% 75% 80% 60% 70

  11. Slide 11: Let's Relax Continued Expansion

    Let’s Relax Continued Expansion (SPA OPERATING ON HOSPITALITY BUSINESS) Let’s Relax Spa, Thailand’s Leading Boutique Day Spa Chain has been honoured to be selected by International Hotel Chains and Local Hotel Owner to manage and operated their Spa Facilities including: 11

  12. Slide 12: Upcoming Projects 2024

    2024 Upcoming Projects Let’s Relax Holiday Inn Karon, Phuket* Let’s Relax Centara Aonang Beach Resort, Krabi* Let’s Relax Centara Anda Dhevi Resort, Krabi* Let’s Relax WellnessMe Bangna, Bangkok* (Near Mega Bangna) Let’s Relax Bangna, Bangkok (Near Mega Bangna) Let’s Relax Charoennakorn, Bangkok (Op

  13. Slide 13: Recovery Mode from COVID-19

    RECOVERY MODE from COVID-19 ��� ������ ����� ������� ������ � ������ ������ � ��� ������ ������ 2018 2019 2020 2021 2022 2023 1Q24 2Q24 42.2% 41.4% 18.1% 23.0% 19.0% 45.0% 39.1% 17.2% THB m THB m 29.6% 16.1% 38.5% 350 THB m 300 30.5% 250 1500 200 332 600 150 246 206 1200 100 500 50 74 62 598 0 -88 4

  14. Slide 14: Earnings Recovery

    EARNINGS RECOVERY ����� ������ ����� ����������� ����� ������ THB m THB m THB m 3000 2000 1200 1,850 2,632 1,727 1,639 2500 2,419 1000 2,257 1500 1,973 2000 1,909 1,923 800 1,072 1,516 1500 1,369 1000 1,366 1,265 1,340 934 898 600 696 400 1,540 1,544 1000 560 1,610 563 2,147 2,055 2,400 500 1,227 39

  15. Slide 15: Gearing Still Manageable

    GEARING STILL MANAGEABLE ���� �� ������ � ��������� ������� 50 45.18% 44.61% 3.5 3.25 41.91% 40 32.21% 3.0 30 23.8% 23.4% 2.65 17.83% 2.5 2.36 20 18.05% 18.30% 16.2% 17.0% 9.68% 1.91 10 15.12% 2.0 1.91 3.38% 5.32% 1.41 0 -3.8% 1.5 1.18 1.47 -10.1% 0.93% 1.12 1.0 -10 -10.3% 1.0 0.78 0.68 0.74 -11.73%

  16. Slide 16: Top 5 Tourist Number

    Source: Ministry of Tourism & Sports TOURIST NUMBER TOP5 RT SPO PAS TOTAL TOURISTS 1 JANUARY – 30 JUNE 2024 (1 JAN - 30 JUNE 2024) 17,501,283 CHINA 3,439,482 MALAYSIA 2,435,960 INDIA 1,040,069 (+35% YoY) S. KOREA 934,983 RUSSIA 920,989 Total Tourists (Pax) / Change %(MoM) 4,000,000 3,204,064 3,352,3

  17. Slide 17: Outlook

    OUTLOOK 17

  18. Slide 18: 2024 Forecast

    2024 FORECAST NEXT CHAPTER, GOING TO SET TARGETED SALES 1.7 BILLION THB 0100001011101 1001010010011 0100001011101 11110100010111 1001010010011 DATA-DRIVEN SPA & 0100101101100 11110100010111 0100101101100 WELLNESS COMPANY 18

  19. Slide 19: Q&A

    Ms. Yonlawan Eiamalonkorn 02 641-6619-20 yonlawan@siamwellnessgroup.com Q&A Company information https://swg.notive-yet.com/th/ www.facebook.com/siamwellnessgroup 19

  20. Slide 20: Appendix

    APPENDIX 20

  21. Slide 21: CAFE & MEAL

    we, [ets Relax feta Relax. BaanSuan> L (> N Massage WELLNESS SPA 8 ONSEN 8 Stretchme — pr spill al | ARINJINDA Rresincae Soktons ——_RARINJINDA mM @®ORB

  22. Slide 22: RarinJinda Wellness Spa

    RARINJINDA WELLNESS SPA World-Class Wellness Spa that harmonize all of life’s senses to deliver the ultimate Wellness Experience RarinJinda Wellness Spa, a premium and innovative spa that harmonized all life senses. It is dedicated to be the most innovative and admirable Thai Wellness Spa by combini

  23. Slide 23: RarinJinda Wellness Spa

    RARINJINDA WELLNESS SPA CHIANG MAI (1) RarinJinda Wellness Spa Chiang Mai BANGKOK (1) RarinJinda Wellness Spa Ratchadamri 23

  24. Slide 24: Thailand's Boutique Day Spa

    Thailand’s Boutique Day Spa that offers refined spa indulgence for a New Lease of Life. Let’s Relax Spa stands for warm hospitality and sensory revitalization, with convenient and accessible branches across the nation. The serene atmosphere with contemporary decoration induces a relaxed and peaceful

  25. Slide 25: Let's Relax

    LET’S RELAX (20) Let’s Relax Leisure Space CentralWorld KRA BI THAI L A N D (21) Let’s Relax Mahanakhon Cube (1) Let’s Relax Krabi Wake Up CH IANG M AI (22) Let’s Relax Novotel Pratunam (2) Let’s Relax Krabi Srilanta (1) Let’s Relax Chiang Mai Pavillion (23) Let’s Relax Ploenchit (2) Let’s Relax Chi

  26. Slide 26: Cozy and Warm Neighbourhood massage

    Cozy and Warm Neighbourhood massage, center with the touch of Thainess for your comfort Baan Suan Massage, a neighborhood massage center that you will feel like home, It is a stand-alone massage shophouse comprises of a house, which is converted into thai, foot and aroma massage rooms, a lush garden

  27. Slide 27: Baan Suan Massage

    BAAN SUAN MASSAGE BANGKOK KORAT (1) Baan Suan Nonthaburi (1) Baan Suan Terminal 21 Korat (2) Baan Suan Prachanukul (3) Baan Suan Charoennakorn 68 NONG KHAI (4) Baan Suan Baromrajchonnanee (1) Baan Suan Nong Khai (5) Baan Suan Petkasem (6) Baan Suan Ramintra 62

  28. Slide 28: Special Project

    SPECIAL PROJECT Stretch me Clinic (1) Stretch me Clinic Leisure Space Central World (2) Stretch me Clinic Grande Centre Point Ploenchit (3) Stretch me Clinic Ginza Thonglor (4) Stretch me Clinic The Allez Sukhumvit 13 28

  29. Slide 29: Dr. Spiller Pure SkinCare Solutions

    ������� ������� Dr. Spiller Pure SkinCare Solutions. (1) Dr.Spiller Pure SkinCare Solutions Ginza Thonglor (2) Dr.Spiller Pure SkinCare Solutions Leisure Space CentralWorld 29

  30. Slide 30: RarinJinda Wellness Spa Resort / Rarin Villas

    RARINJINDA WELLNESS SPA RESORT / RARIN VILLAS CHIANG MAI (1) RarinJinda Wellness Spa Resort Chiang Mai (2) Rarin Villas Chiang Mai (Management Contract) 30

  31. Slide 31: Deck One / ORB Cafe & Meal

    CAFE & MEAL DECK ONE / ORB Cafe & Meal CHIANG MAI (1) Deck1 Restaurant Chiang Mai (2) ORB Café & Meal Chiang Mai (3) ORB Café & Meal Pattaya 31

  32. Slide 32: LRL (Let's Relax Lifestyle)

    LRL (LET’S RELAX LIFESTYLE) 32

  33. Slide 33: Siam Wellness Academy

    SIAM WELLNESS ACADEMY Siam Wellness Academy offers theoretical and practical training to spa therapists. The instructors are well qualified with certificates from the United States and Thailand (Wat Pho). The school is certified by the Ministry of Education. 33

  34. Slide 34: Awards & Recognitions

    AWARDS & RECOGNITIONS 34

  35. Slide 35: Awards & Recognitions

    AWARDS & RECOGNITIONS ■ 1 of 8 Best Luxury Spas in the World, Agoda GLOBAL STAGE ■ Best Luxury Destination Spa, World Luxury Spa Awards 2012 ■ Best Luxury Boutique Hotel, World Luxury Hotel Awards 2012 ■ Tripadvisor Certificate of Excellence Hall of Fame 2019 ■ Asia’s Top 50 Brands, CMO Asia Awards

  36. Slide 36: Awards & Recognitions

    AWARDS & RECOGNITIONS ■ Hall of Fame, Spa, Thailand Tourism Awards 2021 LOCAL ■ Gold Awards, Spa, Thailand Tourism Awards 2008, 2017, 2019 (3 awards), 2021, 2023 (2 awards) STAGE ■ Outstanding Awards, Spa, Thailand Tourism Awards 2010, 2013, 2015, 2017, 2021 (3 awards) ■ Best Spa, People’s Choice Aw

  37. Slide 37: Awards & Recognitions

    AWARDS & RECOGNITIONS LEADERSHIP, INVESTOR RELATIONS AND CORPORATE GOVERNANCE AWARDS ■ Best CEO, IAA Awards for Listed Company 2015-2016 ■ Best CFO, IAA Awards for Listed Company 2020 ■ Forbes Best Under a billion, 2018, 2020 ■ Best Small Cap Company, Finance Asia, Asia’s Best Companies 2020 ■ Best

  38. Slide 38: Shareholding Structure

    SHAREHOLDING STRUCTURE �������� ���� Top 5. ������� 15.77% 60.5 ���� 1. Mr. Wiboon Utsahajit 11.21% 2. Mr. Prasert Jiravanstit 9.72% 9.91% % 3. Mrs. Pranee Suphawatanakiat 8.51% ��������� 4. Mrs. Thanit Amorntirasan 7.94% +������ 5. Mr. Narun Wiwattanakrai 3.55% ������ 13.82% • Utsahajit Family 43.0

  39. Slide 39: Dividend History

    DIVIDEND HISTORY ������ : ������� 40% �� ��� ������ ������. �������� ������ ��������� ������� �������� ����� ��� ��� ����� ����� ���� ���� (���/�����) ������ ��������/�������� ��������/�������� 2017 08/09/17 0.05 28.50 M Interim 2017 25/04/18 0.05 28.50 M Annual 2017 0.10 57.00 M 0.31 0.28 32% 36% T

  40. Slide 40: Siam Wellness Group Public Company Limited

    [SPA] SIAM WELLNESS GROUP PUBLIC COMPANY LIMITED h t t ps: //s w g. n o t i ve -y e t .co m /t h/

Siam Wellness Group Public Company — Q2 2024 Earnings Presentation on 6ix