Company Profile – 2Q20

MINT – Vision

2

To be a leader in delivering exceptional experiences that anticipate and satisfy customers’ aspirations and positively impact stakeholders

Customer-Focused Results-OrientedPeople

DevelopmentInnovative Partnership

MINT – Key Milestones

3

Joint venture with

in African Assets

Founded

RGR, MFG and MINOR

listed

M&A of RGR and MFG and became

Launched

Founded

50% stake in

70% stake in

Completed group business restructuring;

Delisted

1978 1980 1982 1988-9 2000-1 2003 2008 2009 2010-11 2012-13 2014 2015 2016 2017 2018 2019 2020

100% stake in

Launched

Increased stake to 31% in

50% stake in

49% stake in

11% stake in

Increased stake to 100% in

49% investment in hotel & mixed use project in Maputo,

Mozambique

Acquired

in Australia

Acquired 7 hotels

Launched

Invested in

Increased stake to 69.2% in

Increased stake to 70% in

Acquired remaining 7

hotels & brand

Acquired additional stake

from

in hotels in Africa

Acquired 74% stake in

Founded

Launched

75% stake in

Increased stake to 100% in

94% stake in

100% stake in existing

operations of

Thailand

70% stake in franchise

rights & new expansion of

Thailand

Increased stake to 25% in

MINT – 10-Year Track Record

4

CORE PROFIT (THB million)

MARKET CAPITALIZATION (THB million)

17,244

123,385

2009 2019

1,400

7,061

2009 2019

28,271

254,184

2009 2019

29,395

166,284

2009 2019

CORE REVENUE (THB million)

ASSETS (THB million)

+22%CAGR

+18%CAGR

+19%CAGR

+25%CAGR

MINT – Today

5

Shared Services

Hotel

• Equity-Owned & Leased• Hotel and Serviced Suites

Management• Spa

Mixed-Use

• Plaza & Entertainment• Residential Development• Point-Based Vacation Club

Casual Dining Restaurants

• Equity-Owned• Franchised

Manufacturing

• Cheese & Ice-cream• Ice-cream Ingredients and

Toppings• Coffee Roasting

MINOR HOTELS MINOR FOOD

MINT – Contributions by Business Groups & Geographies

6

Minor Lifestyle 1% Minor Food

16%

Minor Hotels83%

Minor Lifestyle 1% Minor Food

17%

Minor Hotels82%

Thailand27%

Overseas73%

Minor Lifestyle 4% Minor Food

20%

Minor Hotels76%

*Core operations, excluding non-recurring items

Thailand30%

Overseas70%

2019 REVENUE CONTRIBUTION 2019 EBITDA CONTRIBUTION 2019 NPAT CONTRIBUTION

2019 REVENUE CONTRIBUTION 2019 NPAT CONTRIBUTION

THB 7,061

million

THB 123,385 million

THB 22,634 million

MINT – Footprint

7

MINT today has a global presence with 526 hotels and serviced suites, 2,363 restaurant outlets and 466 retail points of sale in 63 countries.

AfricaBotswana

Kenya

Lesotho

Mozambique

Namibia

Seychelles

Tanzania

Tunisia

Egypt

Zambia

Mauritius

Asia PacificAustralia

Cambodia

China

India

Indonesia

South Korea

Laos

Malaysia

Maldives

Myanmar

New Zealand

Pakistan

Singapore

Sri Lanka

Thailand

Vietnam

The AmericasCanadaUSAArgentinaBrazilChileColombiaCubaEcuadorHaitiMexicoUruguay

EuropeAndorra

Austria

Belgium

Czech Republic

France

Germany

Hungary

Italy

Ireland

Luxemburg

Netherlands

Poland

Portugal

Romania

Slovakia

Spain

Switzerland

UK

Middle East

Bahrain Oman

Saudi Arabia Qatar

Kuwait UAE

Lebanon

Minor Hotels Minor Food Minor Lifestyle

THE AMERICAS EUROPE ASIA PACIFIC

AFRICA

MIDDLE EAST

The leading hospitality partner maximizing shareholder value

Minor Hotels

Hotel Portfolio – 526 Properties; 75,187 Rooms

9

* MLR is management letting rights (management of serviced suites)** No of rooms as at end of June 2020*** Entire portfolio including temporarily closed hotels

7%

7%

4%

50%

20%

9%3%

Minor Hotels has a very diversified hotel portfolio, in terms of brands, ownership structure and geography. Over 90% of the rooms today are under Minor Hotels’ own brands.

SYSTEM-WIDE ROOM CONTRIBUTIONBy Ownership

SYSTEM-WIDE ROOM CONTRIBUTIONBy Geography

SYSTEM-WIDE ROOM CONTRIBUTIONBy Brand

Others

75,187 rooms

Owned26%

Leased47%

JV 2%

Managed16%

MLR9%

75,187 Rooms

Asia11%

Europe63%

Americas 11%

Oceania 9%

Middle East & Africa 6%

75,187 Rooms

Owned & Leased

81%

Managed3%

MLR10%

Mixed-use6%

Portfolio Contribution

10

* MLR is management letting rights (management of serviced suites)

Today, owned & leased hotel portfolio is the main driver of Minor Hotels, while the management letting rights (MLR) business model provides stable growth, and management contracts and mixed-use business helps with the overall profitability. In terms of geography, Europe is the major contributor, followed by Thailand and Australia & New Zealand.

1H20 REVENUE CONTRIBUTIONBy Business

1H20 REVENUE CONTRIBUTIONBy Geography

THB 17,897 million

Thailand13%

Europe58%

Americas6%

Australia & New Zealand 10%

Maldives & Middle East 4%

Others9%

Anantara – Life is a Journey

11

A luxury hospitality brand for modern travelers, connecting them to genuine places, people and stories through personal experiences, and providing heartfelt hospitality in the world’s most exciting destinations.

Contemporary Accommodation for All Occasions

12

Avani hotels are perfecting the balance between work and play, design and function, service and privacy,

laid-back and lavish. Our city and resort destinations pulse with life, emanating from our buzzy social

spaces and extending throughout the hotels.

A unique blend of city hotels in central locations and resort-style accommodation in tourist destinations. For both short and longer stays, families and groups enjoy friendly service, superior accommodation and quality onsite leisure facilities.

NH Hotel Group – A Leading European Hospitality

13

NH Hotels offers trustworthy experiences based on three main pillars: value for money, the best location to connect with the city, and service with a human touch.

NH Collection showcases captivating hotels housed in authentic and unique landmark buildings in key cities of Europe and Latin America.

Hotels that are unconventional and cosmopolitan, each with a unique personality in major international cities.

13

Boutique Hotel Brands with Unique Luxury Experience

14

Encompassing a diverse hotel portfolio with unique personalities and facilities, Tivoli combines local teams,

convenient services and unique experiences to reveal the authenticity of each destination, be it a multicultural

thriving city or leading beach paradise.

Each of the camps, lodges and hotels offers unique accommodations of exceptional comfort. Their iconic

locations provide any discerning world-traveller one of the most rewarding experiences they could wish for; close

to all the drama and spectacle of African wildlife.

15

Rapid Expansion of Hotel Portfolio

Over the past five years, the number of hotels more than quadrupled, while revenue increased by over 5 times. Minor Hotels expanded its portfolio through both organic expansion and acquisitions, increasing both in terms of brand portfolio and geographies.

2014 2019 2024F*

Revenue THB 15 billion

Revenue THB 88 billion

Revenue

TSS THB 30 billion

TSS THB 108 billion

TSS

119 22 Hotels Countries

526 55 Hotels Countries

>750 >60 Hotels Countries

32

12

51

8

Others 16

Number of Properties

42

32

60

16

16

344

Others 16

Number of Properties

* 2024F revenue & TSS is according to original 5-year plan approved in Nov 2019, pre-COVID pandemic

Note: Data above as at end of June 2020

16

Owned & Leased Hotels – RevPar Maximization

Minor Hotels focuses on driving RevPar growth in each of its markets. While the aim of the hotels in established markets is to maintain the stable RevPar increase momentum, Minor Hotels will benefit from the higher growth potential of RevPar in new markets.

4,334 4,654

2016 2019

+2%CAGR 449 475

2016 2019

+2%CAGR

62

77

2016 2019

+8% CAGR

399

630

2016 2019

+58%CAGR

62

74

2016 2019

THAILAND (THB) MALDIVES (USD) NHH (EUR)

MAINTAINING REVPAR MOMENTUM IN KEY ESTABLISHED MARKETS

BRAZIL (BRL) AFRICA (USD) VIETNAM (USD)

LEVERAGING ON NEW / SMALLER MARKETS FOR HIGHER REVPAR GROWTH

+6%CAGR

Pre-acquisition

69

92

2016 2019

+10% CAGR

17

Support from Asset Light Portfolio

Although owned and leased portfolio is Minor Hotels’ key growth driver, management letting rights portfolio provides Minor Hotels with stable growth, while management contracts offer higher profitability with minimal capital investment.

4,570

7,147

2011 20191,123

3,910

6,060

2010 2015 2019124

136

2011 2019

2,897

5,554

2011 2019

246

984

1,335

2010 2015 2019

* Management contracts exclude NHH’s portfolio

MANAGEMENT LETTING RIGHTS

NO OF ROOMS

+6%CAGR

+1%CAGR

REVPAR (AUD)

REVENUE (THB million)

+8%CAGR

MANAGED HOTELS

NO OF ROOMS

REVENUE (THB million)

+28%CAGR

+12%CAGR

+32%CAGR

+8%CAGR

8%

12%

4%

43%

19%

9%5%

18

Portfolio Expansion – Pipeline

With its current pipeline of 74 hotels, Minor Hotels will have a total of 609 hotels in 3-4 years time. Given today’s pipeline, the expansion will be faster for the Anantara and Avani brands, managed hotels and in Asia and the Middle East and Africa. Minor Hotels continues to build its pipeline in order to reach the target of over 750 hotels by 2024.

BY BRAND BY OWNERSHIP BY GEOGRAPHY

2024F*

Others

2Q20

92,793 rooms

Owned22%

Leased41%JV

2%

Managed27%

MLR8% Asia

15%

Europe55%

Middle East & Africa

8%

Oceania8%

Americas14%

92,793 rooms

92,793 rooms

* 2024F no of rooms are according to original 5-year plan approved in Nov 2019, pre-COVID pandemic

7%

7%

4%

50%

20%

9% 3%Others

75,187 rooms

Owned26%

Leased47%

JV 2%

Managed16%

MLR9%

75,187 Rooms

Asia11%

Europe63%

Americas 11%

Oceania 9%

Middle East & Africa 6%

75,187 Rooms

* Entire portfolio including temporarily closed hotels * Entire portfolio including temporarily closed hotels * Entire portfolio including temporarily closed hotels

Strategic Asset Rotation

19

THAILAND INTERNATIONALMinor Hotels has implemented asset rotation strategy in 2019, which demonstrated its ability to increase the value of the hotel portfolio, as well as helped strengthen MINT’s balance sheet. Although the properties have been sold, they continued to be in Minor Hotels’ portfolio under leased and managed hotels, whereby Minor Hotels participates in the upside of the portfolio performance.

Strengthens MINT’s balance sheet

where cash proceeds can be used to pay down debt, while gain

recognized will strengthen the equity base

Validates / increases overall return of the project

with the price of the assets

Retains upside of the portfolio performance with the lease back / hotel

management contracts

Solidifies relationship with hotel real estate

institutional investorsfor future transactions

Sales & Lease Back of 3 Tivoli hotels in

Lisbon, Portugal

2 transactions completedin 2019:

Sales & Management Contracts

of 3 hotels under Anantara & Naladhu

brands in the Maldives

1

2

CASE STUDY – TIVOLI SALES & LEASE BACK

ASSETS & INVESTMENTS

313

294 98

2019

2015-2018

Investment CAPEX & Renovations

Gross Selling Price

Total investment for 14 hotels in Portugal & Brazil

EUR 392 million

(EUR million)

Sale of 3 hotels in LisbonEUR 313 million

3 years

OPERATIONAL STATS & PERFORMANCE

79

96

2016 2018

RevPar (EUR)

2016 2018

EBITDA (EUR)

+10%CAGR

+28%CAGR

o The transaction implies EV/EBITDA of approx. 19x (vs. EV/EBITDA of 9.6x at the time of the purchase in 2016).

o The internal rate of return of the entire project has been elevated to over 20%.

o With the leaseback (through NHH), MINT retains about 75% of the EBITDA of the 14 hotels portfolio.

Mixed-use Business

Plaza & EntertainmentAnantara Vacation ClubResidential Property Development

20

Ensuring Pipeline to Accommodate Growth

21

The Estates Samui

Launched 2 AVC

Destinations Bali, Bangkok

Layan Residences

by Anantara, Phuket

St. Regis Residences

Bangkok

Torres Rani, Maputo

Launched 1 AVC

Destination Chiang Mai

2006 2010 2011 2012 2013 2015 2016 2018 2020 2023

Avadina Hills by Anantara,

Phuket

AnantaraUbud

Residences, Indonesia

Anantara Desaru

Residences, Malaysia

Launched 1 AVC

Destination Sanya

Launched 3 AVC

DestinationsSamui, Phuket,

Queenstown

Anantara Chiang Mai

Serviced Suites

Silom Office, Bangkok

An

anta

raV

acat

ion

Clu

bR

esi

de

nti

al D

eve

lop

me

nt

Minor Hotels continues to build the pipeline of both residential development and Anantara Vacation Club, in order to ensure sufficient inventory to accommodate future sales.

Minor Hotels – Financial Performance

22

THB million

EBITDA Margin

Net Margin

20182016

26.1% 24.8%

12.8% 10.9%

2015

23,547 27,758 30,970

50,577

94,189

6,146 7,146 7,685

11,947

18,803

3,009 2,811 3,375 4,077

5,783

2017

25.7%

10.1%

Note: Core operations, excluding non-recurring items

23.6%

8.1%

2019

20.0%

6.1%

Revenue

EBITDA

NPAT

To be a leading food operator maximizing stakeholders’ value

Minor Food

Restaurant Portfolio – 2,363 Outlets

24

* No of outlets as at end of 2Q20

24%

14%

3%

21%

5%

20%

4%4%

1% 3% 1%

Minor Food’s restaurant portfolio is well-diversified, both in terms of brands and ownership. Its three main hubs are Thailand, Australia and China.

Others

SYSTEM-WIDE OUTLET CONTRIBUTIONBy Ownership

SYSTEM-WIDE OUTLET CONTRIBUTIONBy Hub

SYSTEM-WIDE OUTLET CONTRIBUTIONBy Brand

2,363 outlets

Thailand75%

Australia15%

China 4%

Others 6%

2,363 Outlets

Owned 50%

Franchised50%

2,363 Outlets

29%

8%

7%5%9%

8%

11%

5%

8%1%

9%

Portfolio Contribution

25

Minor Food’s revenue is well distributed among its brands. Its business is primarily in Thailand, with China as a potential growth driver and Australia as the hub with stable operations.

Others

1H20 REVENUE CONTRIBUTIONBy Ownership

1H20 REVENUE CONTRIBUTIONBy Brand

Owned 94%

Franchised6%

THB 5,664

million

Minor Food Brands

26

Minor Food Brands

27

Two manufacturing plants in Thailand producing over 20,000 tons of cheese and ice cream per annum

Coffee roasting factory in Australia

Manufacturing of ice-cream ingredients and toppings

Manufacturing Business

28

29

Growth Driven by Selective Outlet Expansion

Minor Food continues to grow its number of outlets, keeping a well-balanced mix of brands, ownership and geographies.

2014 2019 2024F*

Revenue THB 17 billionRevenue THB 24 billion

TSS THB 38 billionTSS THB 44 billion

1,708 21 Outlets Countries

2,363 26 Outlets Countries

>3,700Outlets

Number of Outlets Number of Outlets

Revenue

TSS

322

306

53

387

42

427

88

44

Others 39

578

322

63

505

121

464

83

91

65

19

Others 52

* 2024F revenue & TSS is according to original 5-year plan approved in Nov 2019, pre-COVID pandemic

Note: Data above as at end of June 2020

19%

10%

3%

17%4%

30%

1%6%

1%4%

6%

30

Portfolio Expansion

Among the brands in the portfolio, Minor Food expects faster growth of The Coffee Club (primarily in Australia), Riverside (in China) and Bonchon. Moreover, Minor Food will gradually move towards asset light business model with accelerated expansion of franchised outlets.

BY BRAND BY OWNERSHIP BY GEOGRAPHY

2024F*

2Q20

Others

>3,700 outlets

Equity45%

Franchise55%

Thailand61%

Australia25%

China5%

Others8%

>3,700 outlets

>3,700 outlets

* Number of outlets in 2024F are according to original 5-year plan approved in Nov 2019, pre-COVID pandemic.

24%

14%

3%

21%

5%

20%

4%4%

1% 3% 1%Others

Thailand75%

Australia15%

China4%

Others 6%

2,363 Outlets

Owned50%

Franchised50%

2,363 Outlets

2,363 Outlets

Minor Food – Financial Performance

31

1,572 1,684 1,913

1,521 1,210

THB million

EBITDA Margin

Net Margin

18,626 23,022 23,582 23,484 24,233

3,127 3,843 4,285

3,647 3,527

16.8% 18.2%

8.4% 8.1%

16.7%

7.3%

20172015 2016

Note: Core operations, excluding non-recurring items

2018

15.5%

6.5%

2019

5.0%

14.6%

Revenue

EBITDA

NPAT

Others – Minor Lifestyle Portfolio – 2Q20

32

Outlets

28

-

Outlets

83

42

80

Total 384

2

24

Outlets

31

112

28

26

Total 82

10

Manufacturing of acid-based fast-moving consumer goods

100K Tons / Year

Scomadi

FASHION

HOUSEHOLD LIFESTYLE

CONTRACT MANUFACTURING

Key Financial Highlights

MINT – Resiliency

34

Since 2000, Thailand has gone through several challenges, driven by both domestic and global factors. Geographical diversification and new initiatives including mixed-use development have proven to mitigate the risks, with MINT reporting profit all along.

-6,000

-3,000

0

3,000

6,000

9,000

12,000

-15%

0%

15%

30%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

MINT's NPAT % Change in Private Consumption % Change in Tourist Arrival

Source: Office of The National Economic and Social Development Board and Bank of Thailand

MINT’s Diversification Strategy

2000 – 2005

• Acquired Minor Food Group

• Launched own Pizza brand, The Pizza Company and opened TPC and SZ in China

• Launched own hotel brand, Anantara

• Entered into a JV to operate 3 hotels in the Maldives

• Launched the first timeshare project in Asia with Marriott

2006 – 2009

• Acquired Minor Corporation

• Invested in S&P Thailand, The Coffee Club Australia and Thai Express Singapore

• Entered into a JV with Serendib Sri Lanka and Elewana Africa

• Launched the first residential project, the Estates Samui

• Opened the first two overseas purely managed hotels in Bali and Abu Dhabi

2010 – 2019

• Invested in Beijing Riverside & Courtyard China, VGC in Australia, Corbin & King in the UK, non-US operations of Benihana and Bonchon

• Invested in hotels in Sri Lanka, Phuket, Vietnam, Cambodia, Zambia, Namibia, Botswana, Lesotho and Mozambique, in Oaks Hotels & Resorts in Australia, in Tivoli Hotels & Resorts in Portugal and Brazil and in NH Hotel Group in Spain

• Launched AVANI brand, Anantara Vacation Club, and the new residential projects, Layan Residences by Anantara, Avadina Hills by Anantara and Anantara Chiang Mai Serviced Suites

Pattaya Riot

AirportClosure

Tsunami RajprasongRiot

Bangkok Coup

FloodingSARS Sub-primeCrisis

Bangkok Shutdown Coup

THB million

ErawanBombing

Mourning Phuket Boat Incident

4,705 4,576 5,415 5,728

7,061

9,573 11,256 12,273 15,901

22,634

MINT – Financial Highlights

35

Revenue

EBITDA

NPAT

THB million

EBITDA Margin

Net Margin

21.0% 20.7% 20.9% 20.3%

10.3% 8.4% 9.2% 7.3%

18.3%

5.7%

20192015 20172016 2018

45,678 54,285 58,644 78,499

123,385

Note: Core operations, excluding non-recurring items

MINT – Financial Highlights

36

0.35 0.35 0.40 0.40

32.8% 33.7% 32.8% 32.3%*

0%

20%

40%

60%

0.00

0.10

0.20

0.30

0.40

2015 2016 2017 2018 2019**

Cash Stock Payout RatioTHB

1.2 1.21.0

1.51.3

2015 2016 2017 2018 2019

***

* EPS calculation based on core operation, excluding non-recurring items** Shareholders’ approval at the AGM on 19 June 2020 to omit the dividend payment for

2019 performance

98,382 108,453 119,100

268,081 254,184

2015 2016 2017 2018 2019

36,711 40,797 50,504

82,301 85,868

2015 2016 2017 2018 2019

TOTAL EQUITY (THB million)

DIVIDEND PER SHARE & PAYOUT RATIO

TOTAL ASSETS (THB million)

INTEREST-BEARING D/E (x)

Other Corporate Information

Shareholders’ Information

THB

As of Aug 2020

As of June 2020

38

SHAREHOLDING STRUCTURE

SHAREHOLDERS’ RETURN

+21%CAGR

Minor Group34%

Foreign Institutions

27%

Thai Institutions

13%

Osathanugrah Group11%

Royal Family3%

Others12%

-10

5

20

35

2001Investment

CashDividend

StockDividend

Warrants Capital Gain YTD Value

Management Structure

3939

BUSINESS & RESULTS

2. Dillip RajakarierCEO Minor Hotels

GROWTH TRANSFORMATIONFinancial commitments, operational effectiveness and team motivation

Opportunities to grow beyond financial commitments and plans, long-term shareholder value creation

Relevance and leadership in a disruptive world while creating a competitive advantage.

2. Dillip RajakarierGroup CEO MINT

3. Paul KennyCEO Minor Food

4. James AmatavivadhanaCEO Minor Lifestyle

5. Ramón AragonésCEO NH Hotel Group

6. Brian DelaneyChief Financial Officer

7. Beatriz PuenteExecutive Managing Director of Finance & Administration, NH Hotel Group

8. Stephen ChojnackiChief Commercial Officer & General Counsel

9. Kosin ChantikulChief Investment Officer

10. Kulshaan SinghChief People Officer

11. Steve HerndonChief Information Officer

12. Chaiyapat PaitoonChief Strategy Officer

13. John HeineckeChief Sustainability Officer

1 23 47 6 5 13 8 1011 129

1. William E. HeineckeChairman

Sustainability Development

40

Develop Sustainable and Capable Human

Capital

We continuously invest in educational and career support for children, youth and underprivileged community members and develop our employees and leaders, to empower people within our sphere of influence to achieve their highest potential.

Drive for Sustainable Value

Chain Management

Practice

We pledge to enrich our customers’ experience through end-to-end engagements by delivering the best products and services and commit to establish long-term partnerships with various stakeholders in our value chain to achieve mutual sustainable success.

We strive to minimize our impacts on the environment and promote biodiversity conservation wherever we have a footprint.

Strengthen Good Corporate Governance and

Responsible Business Culture

We build a strong platform for sustainable organization by practicing good corporate governance in all business operations.

Manage Environmental

Impact and Advocate

Conservation

Recent Awards

41

▪ 2019 All-Asia Executive Team Rankings: Honored Company in the Emerging Markets – Country Winner, Institutional Investor

▪ 2019 Asia's Best Companies: Top 3 Thailand's Best CEO, FinanceAsia

▪ 2019 All-Asia Executive Team Rankings: Top 3 Thailand's Best IR Professional, Institutional Investor

▪ Best SET Sustainability Awards 2019 (SET Market Capitalization of Over THB100bn), Stock Exchange of Thailand

▪ Included in Dow Jones Sustainability Emerging Markets Index (DJSI) 2019 in Hotels, Resorts and Cruise Lines Industry(sixth consecutive year), S&P Dow Jones Indices and RobecoSAM

▪ Included in FTSE4Good Emerging Index 2019 (fourth consecutive year), FTSE Russell

▪ Received an MSCI ESG Rating of AAA, MSCI*

▪ Board Of The Year Awards 2018 (July 2019), Thai Institute of Directors

▪ Outstanding Deal of the Year Awards 2019 for Acquisition of NH Hotel Group, The Stock Exchange of Thailand

▪ Winner of Merger & Acquisition/Portfolio of the Year 2019 Award for Acquisition of NH Hotel Group, Hotel Investment Conference Europe (Hot.E)

▪ 2019 Conde Nast Traveler Readers’ Choice Awardso Anantara Siam Bangkok – No. 1 Best Hotels in Bangkoko Anantara Kalutara Resort – No. 2 Favorite Sustainable Luxury Hotelo Naladhu Private Island Maldives – No. 1 Best Resorts in the Indian Ocean

▪ US 2019 Travel & Leisure World’s Best Awardso Tivoli Palacio De Seteais Sintra – No. 1 Best Spain and Portugal Resort Hotelso Anantara Huahin – No. 3 Top Resort Hotels in Southeast Asia

▪ Minor Food – Best Companies To Work For In Asia 2019 - Thailand, HR Asia

▪ Minor Food – Global Restaurant Industry Service Award, Global Restaurant Leadership Conference

Overall Performance & Corporate

Minor Hotels

Minor FoodWinner of M&A/Portfolio of the Year 2019 Award for Acquisition of NH Hotel Group

Hotel Investment Conference Europe

Board Of The Year Awards (July 2019) Thai Institute of Directors

* Disclaimer: The inclusion of Minor International Pcl. in any MSCI Index and the use of MSCI logos, trademarks, service marks or index names herein, Do not constitute asponsorship, endorsement or promotion of Minor International Pcl. by MSCI or any of its affiliates. The MSCI Indexes are the exclusive property of MSCI. MSCI and the MSCI Index names and logos are trademarks or service Marks of MSCI or its affiliates.