Central Pattana : Investor Presentation Q3 2023

3Q23 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.

2

AGENDA

Company Overview

2023 Strategy

3Q23 Business Update

Announced project pipeline

Financial Performance

3

COMPANY OVERVIEW

4

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

5

CPN AT A GLANCE

A top regional retail-led diversified property developer

				56	38	Shopping Malls
				17	Community Malls
				Retail	Super-regional
Majority of				Projects	1
				(JV investment)
asset base
	10		30	8
1 Retail Prop.	Offices	Residential	Hotels
*Notes: Assets under CPNREIT and CPNCG included

Solid financial performance and robust

capital structure to support growth

Residential 8%

Hotel 3%

Office 4%

37.60.82

bn THB		times
	Retail 86%
2022 Total revenue	2022 Revenue	2022 Net IBD/E
+47%YOY	contribution

More than 40 years as industry leadership in Thailand

2.390% 9

Including community malls	parent co. of

listed prop. developers

Strategic investments in REIT, prop fund and business collaborations with industry leaders

30% 25%

12 projects includes	Central World
Retail, Office and	Offices
Hospitality

6

Residential + Mall Hotel + Mall

MARKET LEADERSHIP IN THAILAND

MARKET SHARE

Hypermarket 29%22%

5%

5% The Mall

3% Siam Piwat

37%

Others

As of Dec 2022, based on retail GLA of 15.1m sqm

 Chiangmai	1	Central Pattana's shopping malls are in 21 strategic provinces
 Chiangrai
 Lampang		nationwide, residential projects and hotels will continue to be
 Phitsanulok		added to create "Centre of Life" destinations

(5 provinces)

• Khonkaen

 Nakhon Ratchasima

 Udonthani

 Ubonratchathani

• Ayutthaya

 Chonburi 2	16
 Si Racha
 Rayong	15
 Chanthaburi

 Phuket 3

 Suratthani 4

• Hatyai
• Nakhon Si Thammarat

Mall only

Note:

Bangkok Metropolitan Area include operational shopping malls, namely at 1) Lardprao ; 2) Ramindra ; 3) Pinklao ; 4) Rama 3 ; 5) Bangna ; 6) Rama 2 ; 7) Central World ; 8) Rattanathibet ;

1. Chaengwattana ; 10) Rama 9 ; 11) Salaya ; 12) Westgate ; 13) Eastville ; 14) Mahachai, 15) Central Village 16) Esplanade Ratchada; and announced future projects namely Westville, Dusit Central Park
   1. Chiangmai includes 2 shopping malls: Central Chiangmai Airport and Central Chiangmai

2.	Chonburi includes 3 shopping malls: Central Marina, Central Pattaya and Central Chonburi	7
3.	Phuket includes 2 shopping malls: Central Phuket Floresta and Central Phuket Festival (both under the same complex "Central Phuket")
4.	Suratthani includes 2 shopping malls: Central Suratthani and Central Samui

COMPLETING A PLACEMAKER ECOSYSTEM

2016-2017

2018

2019

2020

2021

2022

8

9

LEADER IN RETAIL MIXED-USE DEVELOPMENT

"Hi g h e r & m o r e su st a i n abl e g r o wt h t h r o u g h m i x e d - u se d e v e l o p m e n t"

TRADITIONAL ASSET MODEL

#1 Retail developer

ResidentialHotel

Retail

Office

Focus on retail development with

few non-retail projects

CURRENT ASSET MODEL

#1 retail-ledmixed-use developer

CPN	CPN Owned
Residences	Hotels

	CPN
	Malls
Central	New Assets
Offices	& Services +
	Omnichannel
	Platform

Accelerated expansion of non-retail

and integration of uses around Retail to create Centre of Life

Bt bn	Rental revenue
40
30
20
10

0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Bt bn	Total revenue excl food court
40

30

20

10

-

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Rental revenues		Hotel revenues		Residential revenues	10