Starts Corporation Inc. · TSE:8850

Starts — FY2019 Earnings Presentation

55 slides from Starts's earnings presentation, May 22, 2019

1. Slide 1: JIPX

   JIPX RMB GSTARTS es OSIRIS ams — ec thy oa EA 4, w 2A RRR. it . Bines 1560 ‘SEA NETWORK Has mayb mean Sa womveien - RE

2. Slide 2: 〜 〜 〜 ⺠ 〜 ⽴ 〜 ⼭ ⽤ 〜 〜 ⺠ 〜 ⻑

   〜 〜 〜 ⺠ 〜 ⽴ 〜 ⼭ ⽤ 〜 〜 ⺠ 〜 ⻑ 〜 〜 1

3. Slide 3: LQNLNLAS NAN

   LQNLNLAS NAN ASN @SIARIS

4. Slide 4: 3

   3

5. Slide 5: rtm Qe

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6. Slide 6: ⽉ ⽉ ︓ ⾯ ︓ ⼾ ⼾ ⽉ ⼾ ⼾ ⽉ ⽉ ⽉ ⽼

   ⽉ ⽉ ︓ ⾯ ︓ ⼾ ⼾ ⽉ ⼾ ⼾ ⽉ ⽉ ⽉ ⽼ ⽼⼈ 5

7. Slide 7: ︓ ︓ ⾷ ⾯ ︓ ︓

   ︓ ︓ ⾷ ⾯ ︓ ︓ 6

8. Slide 8: Ave aware

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9. Slide 9: OSIARIS

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10. Slide 10: OSIARIS

    OSIARIS SSS NEWCOAST uit: @ OF | RESTAURANT ‘CLINIC *SCHOOL B07 7342» NICOPA&nico ground 311 =e ADR 316 yse-1 OB<KB 308 tanya» ITY 312 om EETSEGAOLB F190 nex AP-&R1)/ MUSE BOVarner Dr. AKL YF 313 wes MARRKAOD lO nszz1ea Pretzel ove S14 snasva AVIAPURZ f_ SCHOOL as-» 300 snoso-» AFYFDWIFSA S17 mawaz

11. Slide 11: ⽉ ⼭ ⽉ ⽉ ⼭ ⽉ ⺠ ⼝  ⼾    ⼾

    ⽉ ⼭ ⽉ ⽉ ⼭ ⽉ ⺠ ⼝  ⼾    ⼾     ⽤ 10

12. Slide 12: ⽉〜 ⽉ ⼿ ⽉ ⽴

    ⽉〜 ⽉ ⼿ ⽉ ⽴ 11

13. Slide 13: ⼾ ⽇ ⼈

    ⼾ ⽇ ⼈ 12

14. Slide 14: OSIRIS

    OSIRIS a R Oo mtmaoa Srelstt a ee mee {5 feat’ (chee) = aiew ae FTIR RES | py aay t eR SPRL yay aR yay ART CAAT AE

15. Slide 15: ©K.MIURA

    TOKYO MARATHON 2019 20194: euUER yA AKxR (BAB) BAKKE FH i; Ts vp Twitinsiionic OK-MIURA.

16. Slide 16: 15

    15

17. Slide 17: OSIRIS

    OSIRIS

18. Slide 18: PPP / PFI CAM

    ⻑ ⾒ ⻑ ⽬ • • PPP / PFI    • • • • 不動産管理事業  CAM    時間 17

19. Slide 19: @SIARIS

    2 SF 2 se v = \ @SIARIS Ou & Cid vu & a & oe rd & & & Ca & & ee & ee & ~ s s s SS \ \ Bs S) ¥ x Bs S w Cy \ Ss <¢ S \ ss ef © VS es s ef 18

20. Slide 20: 2019 ( ) 2021 2023 2019 ( ) 2020 2018 2020 ( ) ➁

    8 1 2019 1 ( ) 2021 2023 6 2019 4 ( ) 2020 7 2018 7 2020 3 ( ) ➁ ➀ ( ) ( ) ( ) 2018 1 ( ) 2019 11 2020 4 2024 4 19

21. Slide 21: ⾯ ︓ ⾯ ︓ ︓ ︓ ︓ ︓ ⾻ ⽤ ︓ 〜 ⽤ ︓

    ⾯ ︓ ⾯ ︓ ︓ ︓ ︓ ︓ ⾻ ⽤ ︓ 〜 ⽤ ︓ 〜 〜 ⾞ ⽣ 〜 ︓ ⼈ ⼩ ⻄ 20

22. Slide 22: ⽤ ⾯ ︓ ⼀ ⺠ ⾞ ⾞ ⼤ ⽣ ⼤ ⽴ ⽣ ⾯ ︓

    ⽤ ⾯ ︓ ⼀ ⺠ ⾞ ⾞ ⼤ ⽣ ⼤ ⽴ ⽣ ⾯ ︓ ⺠ ⾯ ︓ ︓ ⺠ ⾳ ︓ ⽬ ︓ ⾞ ⺠ ︓ ⻘ ⾚煉⽡ ︓煉⽡ ⼀ ⾻ ⾯ ︓ ⾯ ︓ ︓ ⾯ ︓ ⾯ ︓ ︓ ︓ 21

23. Slide 23: 22

    22

24. Slide 24: ︓ ⽉ ⽉ ⽉ ⾦ ⾦

    ︓ ⽉ ⽉ ⽉ ⾦ ⾦ 23

25. Slide 25: mastiey TEBT

    mastiey TEBT 53 Bee ET fr OSIRIS Bt sy 24

26. Slide 26: OSIARIS

    OSIARIS BSR - RE sy 106 Te ec 208 LOI 19 46 AM 1947

27. Slide 27: ⾼︓ ︓ ⽉

    ⾼︓ ︓ ⽉ 26

28. Slide 28: ✓ ⽤ ⼾ ⾏ ⽂⼾ ⼥ ⾏ ⾏

    ✓ ⽤ ⼾ ⾏ ⽂⼾ ⼥ ⾏ ⾏ 27

29. Slide 29: @SIARIS

    @SIARIS oe 28

30. Slide 30: ︓ 〜 〜

    ︓ 300 250 200 150 100 50 0 〜 〜 29

31. Slide 31: ︓ ⼦ ⾃⼰ ⽐

    ︓ ⼦ ⾃⼰ ⽐ 30

32. Slide 32: OSIRIS

    OSIRIS 31

33. Slide 33: ⽉ 7.0% 6.0% 6.4% 6.4% 5.9% 5.8% 4.7% 2.6% 3.0% 1.1% 1.6% 1.6% 0.5%

    ⽉ 7.0% 6.0% 6.4% 6.4% 5.9% 5.8% 4.7% 2.6% 3.0% 1.1% 1.6% 1.6% 0.5% 32

34. Slide 34: 33

    33

35. Slide 35: Starts CAM(Cambodia)Corporation Starts International Hawaii Inc. Starts Pacific Inc.

    Starts CAM(Cambodia)Corporation Starts International Hawaii Inc. Starts Pacific Inc. Starts Guam Golf Resort Inc. Starts New York Realty,LLC. Starts Hotel(Cambodia)Corporation Starts(Cambodia)Corporation Starts Estate Management Starts Philippines Inc. (Cambodia)Corporation Starts Facility Philippin

36. Slide 36: ︓ ︓ ⼀ 21% 21% 5% 39% 4% 44% 15% 14% 20% 17% ✓

    ︓ ︓ ⼀ 21% 21% 5% 39% 4% 44% 15% 14% 20% 17% ✓ 17/3 18/3 19/3 20/3 21/3 22/3 ✓ ⼯ 49,990 51,159 52,403 54,500 63,000 73,000 6,946 7,062 6,357 7,400 7,800 8,500 35

37. Slide 37: ︓ 49% 41% 32% 57% 11% 10% ✓ ✓ ✓ ✓ ⼀ ✓

    ︓ 49% 41% 32% 57% 11% 10% ✓ ✓ ✓ ✓ ⼀ ✓ 36

38. Slide 38: ︓ ✓ ✓ ⾏ ⾼ ✓ ✓ ⾏ ⾼ ⼀

    ︓ ✓ ✓ ⾏ ⾼ ✓ ✓ ⾏ ⾼ ⼀ 37

39. Slide 39: OSIRIS

    OSIRIS 38

40. Slide 40: @SIARIS

    tI @SIARIS 300 100 400 39

41. Slide 41: ︓ ︓ 17% 16% 6% 40% 8% 49% 8% 8% 21% 27%  

    ︓ ︓ 17% 16% 6% 40% 8% 49% 8% 8% 21% 27%   40

42. Slide 42: Retreat Tee eta inet AE

    Retreat Tee eta inet AE oe DO O @ A? asl? gal? @SIARIS vA) 41

43. Slide 43: ︓⼾ ⾏  ⼀ ⼾ ⼾ ⼾

    ︓⼾ ⾏  ⼀ ⼾ ⼾ ⼾ 42

44. Slide 44: OSIRIS

    OSIRIS 43

45. Slide 45: ︓ ︓ ✔ ⼿ ︓ ⾞ ⼿   ⾼ ⼿ ⾏

    ︓ ︓ ✔ ⼿ ︓ ⾞ ⼿   ⾼ ⼿ ⾏ 44

46. Slide 46: ︓ ︓  ⼾ ⼾ ⼾ ⽉  ⼭ ⼭ ⼾ ⼾ ⼾ ⽉

    ︓ ︓  ⼾ ⼾ ⼾ ⽉  ⼭ ⼭ ⼾ ⼾ ⼾ ⽉ ⼀⻫  ⽤ ⾞ ⽉  ⼤ ⽣ ⼤ ⽴ ⽣ ⺠ ⺠ ⽉  ⻘ ⾚煉⽡ ⾚煉⽡ ⽉ 45

47. Slide 47: ︓ ︓  ⼭  ⻄葛⻄ ⼾ 葛⻄ ⼾ ⼭

    ︓ ︓  ⼭  ⻄葛⻄ ⼾ 葛⻄ ⼾ ⼭ 46

48. Slide 48: ︓ ︓   ⽉ ⼭ ⽉ ⼾  ⾒

    ︓ ︓   ⽉ ⼭ ⽉ ⼾  ⾒ 47

49. Slide 49: ︓ ︓ ✔ ⼿ ✔ ⼿ ✔ ⼊ ✔

    ︓ ︓ ✔ ⼿ ✔ ⼿ ✔ ⼊ ✔ 48

50. Slide 50: ︓ ︓ ✓ ✓ ⼿ ⻑ 17/3 18/3 19/3 20/3 21/3 22/3 3,591 3,915

    ︓ ︓ ✓ ✓ ⼿ ⻑ 17/3 18/3 19/3 20/3 21/3 22/3 3,591 3,915 4,246 4,400 4,900 5,300 288 301 429 450 500 600 ︓ ︓ ✓ 17/3 18/3 19/3 20/3 21/3 22/3 1,627 1,380 1,366 1,200 1,200 1,200 293 313 164 150 150 150 49

51. Slide 51: 50

    50

52. Slide 52: OSIRIS

    OSIRIS 51

53. Slide 53: ︓ ⽉ ⽉ ⽉ ⽉ ⾦ ⾦ ⾦ ⼯ ⾦ ⼿ ⾦ ⼊⾦ ⽤

    ︓ ⽉ ⽉ ⽉ ⽉ ⾦ ⾦ ⾦ ⼯ ⾦ ⼿ ⾦ ⼊⾦ ⽤ ⽤ ⼯ ⽀ ⾦ ⻑ ⼊⾦ ⾦ ⾦ ⾦ 52

54. Slide 54: ⾏ ⾦ ⼦ ⾃⼰ ⽐ ⼦ ⾦ ⾦ ⼦ ⾃⼰ ⾦ ⾃⼰ ⼦ ⼦

    ⾏ ⾦ ⼦ ⾃⼰ ⽐ ⼦ ⾦ ⾦ ⼦ ⾃⼰ ⾦ ⾃⼰ ⼦ ⼦ ⼦ ⾃⼰ ⾃⼰ ⾃⼰ ⾏ 53

55. Slide 55: OSIRIS

    OSIRIS a | re 1 | 1 | 1 | i} | 1 | i} | i} | i} | i} | TU | i} 3 JPX : : 03-6202-0111 ah | i 1 Reese) 1 ee Leeee eee ee ee ee ee 54

Starts — FY2019 Earnings Presentation on 6ix