MAJOR CINEPLEX GROUP PLC.

LIFESTYLEentertainment

Analyst Meeting 2Q15Paragon Cineplex, 10th August 2015

Quarterly Briefing

2Q15

Amt. %

4,347 100% 4,415 100% 68 2%

1,615 37% 1,617 37% 2 0%

1,206 28% 1,373 31% 167 14%

810 19% 947 21% 137 17%

586 13% 689 16% 103 18%

1H14 1H15growth

Financial Highlights

• Revenue growth from Blockbuster movies, New branches, Cambodia( Opened 29Jun14) & price increased.

• Gross margin dropped mainly from Movie contents business.

Net profit improved from ;

• Efficiency expenses management.

• Profit from divestment in SF.

• High profit from portfolio.

2Q15 QUARTERLY BRIEFINGAmt. %

Revenue 2,643 100% 2,666 100% 23 1%

Gross margin 1,027 39% 1,013 38% (14) -1%

EBITDA 786 30% 871 33% 85 11%

EBIT 584 22% 656 25% 72 12%

Net Profit 446 17% 491 18% 45 10%

Bt.Million 2Q14 2Q15growth

Margins 2Q14 2Q15 varianceAdmissions 24% 21% (2%)Concessions 70% 70%Advertising services 87% 84% (2%)Bowling group 35% 31% (4%)Rentals & services 18% 21% 3%Movie Contents 24% 18% (6%)Consol 39% 38% (1%)

2,64

3

2,66

6

Net profit

+10% (45mb.)

Bt.m

illio

n

Revenue+1% (23mb.)

2Q14 2Q15

446491

2Q14 2Q15

-3%(14mb.)Net profit Excl.gain on divest. in SF

444 430

Gross margin dropped from Cinema : from costs in 9 branches expansion and 1 branch in Cambodia.

Advertising : from more events and grand opening in Quatier Cineart.

Bowling : from Ice skate business.

Movie contents : from one time revenue in 2Q14 from sold movie license to Mono channel and MVD revenue dropped

2Q15 QUARTERLY BRIEFING

113

110

2Q14 2Q15

1,41

6

1,51

2

2Q14 2Q15

292 34

1

2Q14 2Q15

129

133

2Q14 2Q15

241

113

2Q14 2Q15

452

457

2Q14 2Q15

2,64

3

2,66

6

Revenue Breakdown

Revenue

+1%(23mb.)

Admissions

+7%(96mb.) Concession

+1%(5mb.) Advertising

+17%(49mb.)

Bowling group

-3%(-3mb.)

Retails+3%(4mb.)

Movie Content

-53%(-128mb.)

• Revenue growth in main core businesses and also cinema in Cambodia.

•Movie content dropped from Film rights distribution and VCD/DVD sales.

Bt.m

illio

n

2Q14 2Q15

2Q15 QUARTERLY BRIEFING

5.9

9.9 7.5 7.4

5.4

9.0

146 152

147

157 160

171

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

413479

520489

542

2012 2013 2014 2Q14 2Q15

1,41

6

1,51

2

Revenue : Admissions Sale

Bt.m

illio

n

2Q15+53 new screens

• 9 branches(+46 screens)

• Cambodia(+7 screens) (opened 29 Jun14)

No.of Screens

Guest Count & ATP

Excl

.Com

plem

enta

ry

ATP increased from up price and manage price tiers

and promotionin each locations.

Admissions sale

+7%(96mb.)+53

screens

+13%(19bt.)

-9%(0.9m)

2Q14 2Q15

2Q15 QUARTERLY BRIEFING

2Q15

222 167 163 150

106 102

436

269 267

128

Revenue : Admissions Sale

Bt.m

illio

n

2Q14

3 blockbuster films which generated more than 200MB

for each movie.

1,41

6

1,51

2Admissions sale

+7%(96mb.)

2Q14 2Q15

2Q15 QUARTERLY BRIEFING

238

452

324 319266

457

65%70% 72% 70% 71% 70%

20%

30%

40%

50%

60%

70%

80%

0

100

200

300

400

500

600

700

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

Concession Sales %Concession margins

452

457

Bt.m

illio

n

Revenue : Concession

Concession Sales %Concession margins

• Concession sales slightly growth from variety of bucket sets less than 2Q14.

• Maintain margin from cost control.Concession sale

+1% (5mb.)

2Q14 2Q15

2Q14

2Q15

2Q15 QUARTERLY BRIEFING

212

292 34

9

274

256

341

87% 87% 86% 86% 87%84%

5

5

6

6

7

7

8

8

9

0

0

0

0

0

0

0

0

0

0

0

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

Advertising revenue Margin

• Revenue growth from movie highlight, expansion screens and new flagship store. (Quatier Cineart)

• Gross margin dropped from more events and grand opening at Quatier Cineart.

292 34

1

Bt.m

illio

n

Revenue : Advertising

Advertising sale

+17% (49mb.)

2Q14 2Q15

2Q15 QUARTERLY BRIEFING

Screen Advertising

49%

Sponcership21%

Event14%

Production4%

Outdoor Media

12%

2Q14 2Q15

Beside of Screen advertising , Major get what we called “Engagement package”, Agency can customize advertising package to match with their target group, interactive with customers by using Major’s social media, cross promotion, event.

Advertising BusinessAdvertising Revenue Mix

Categories 1H15 1H14Screen Advertising 49% 56%Sponcership 21% 20%Event 14% 15%Production(Royal Anthem) 4% 5%Outdoor Media(Digital Media, LED, etc.) 12% 4%

(Data as of 1H15)Top 3 advertising spender in the last 3 Years

LIFESTYLEentertainment

Advertising BusinessThe Revenue Review: Ad-spending by Category

No. 2013 2014 1H15

1 Food & Beverage Food & Beverage Automotive & Petrol

2 Automotive & Petrol Automotive & Petrol Food & Beverage

3 Electronic & Communication Electronic & Communication Electronic & Communication

111 113 127 129104 110

35% 35% 37% 36%

28%31%

0

1

2

3

4

0

50

100

150

200

250

300

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15Bowling group revenues margins

113

110

Bt.m

illio

n

Revenue : Bowling Group• Ice skate revenue & gross margin less than 2Q14.

• Gross margin improve from 1Q15 by efficiency cost management (mainly from utility & rental cost).

Bowling group sale

-3% (-3mb.)

2Q14 2Q15

2Q15 QUARTERLY BRIEFING

• Revenue increased from Center point at Ratchayothin and Mini mall at Aomyai and up price in Metropolis.• Occupancy increase from 90.3% to 91.5%• Gross margin variance from Utility cost.

128 129 127 136 132 133

22%18% 19%

23% 24% 21%

-5

-4

-3

-2

-1

0%

10

20

30

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15

Rental&services Rev. margins

129

133

Bt.m

illio

n

Revenue : Retails

Retails sale+3%(4mb.)

2Q14 2Q15

2Q15 QUARTERLY BRIEFING

241

113

Bt.m

illio

n

Revenue : Movie ContentsRevenue dropped from ; ∙ One time revenue in 2Q14 from sold movie license to Mono channel and M Channel sold to outsider.

∙ More highlight movies in 2Q14 effect to Film right distribution and sales of VCD/DVD dropped.

Movie content sale

-53% (-128mb.)

2Q152Q14

2Q15 QUARTERLY BRIEFING

2Q14 2Q15

6,387 6,582

7,546 7,40813,932 13,990

B/S Snapshot

Dec 31,14 Jun 30,15

ASSE

TS

ASSE

TS

EQUI

TY

EQUI

TY

LIABI

LITIES

LIABI

LITIES

Net interest-bearing debts Equity Net D/E

Slightly decrease D/E ratioBt.million Dec 31,14 Jun 30,15 %chg

Assets 13,932 13,990 0.4%Liabilities 7,546 7,408 -1.8%Equity 6,387 6,582 3.1%

0.42 0.40

0.700.62 0.58 0.56

2011 2012 2013 2014 1Q15 2Q15

2Q15 QUARTERLY BRIEFING

6,582

7,40813,990

vs. Interest-bearing debts

• Investment portfolio as of 6 August 2015:• 92.46% in M Pictures Entertainment Plc. (MPIC)• 22.46% in Siam Future Development Plc. (SF) • 33.00% in Major Cineplex Lifestyle

Leasehold Property Fund (MJLF)• 40.00% in ThaiTicketMajor Co., Ltd.• 4.57% in PVR Limited (PVRL)• 49.00% in PVR blu-O Entertainment Limited• 70.00% in Major Platinum Cineplex

Co.,ltd.(Cambodia)

Investments Portfolio

Jun 30,15

ASSE

TS

EQUI

TYLIA

BILIT

IES

Bt.million

Interest-bearing debts Jun 30,15

Bank OD & ST loans 2,093

CP of LT borrowings 917

LT borrowings -471

Debentures 1,800

Total 4,340

2Q15 QUARTERLY BRIEFINGBt.million

Investments %Share (as of 4 Aug'15)

Cost per Share

Market value*

Major's Cost Gain(Loss)

Siam Future 22.46% 2.49 2,195 995 1,199

MJLF 33.00% 10.00 1,427 1,089 338

MPIC 92.46% 1.67 2,008 2,003 5

PVRL 4.57% 120.45 818 229 590

Total 6,447 4,316 2,131 *% Share & Closing price on 6 Aug'15

16

2nd dividend pay of Bt 0.55/shareNet Profit (Bt.Million) % Dividend Payout

Dividend payment is about Bt 490.66 millionon September 4, 2015

FY10 FY11 FY12

2Q15 QUARTERLY BRIEFINGDividend payout

1H12 1H13 1H14 1H15

Net Profit (Bt.Million) 464.94 740.88 585.93 689.41

% Dividend Payout 73.58% 60.24% 75.75% 71.02%

EPS (Bahts) 0.53 0.83 0.66 0.77

DPS (Bahts) 0.39 0.50 0.50 0.55

Closed price(Bt.) as of 30 June 15.30 19.60 18.80 33.75

Dividend yield (%) 2.5% 2.6% 2.7% 1.6%

740.9585.9

689.4

60.24%

75.75%71.02%

0.00%

20.00%

40.00%

60.00%

80.00%

-100

100

300

500

700

900

1,100

1,300

1,500

1H13 1H14 1H15

LIFESTYLEentertainment

GROWTH POTENTIALS

GROWTH POTENTIALS LIFESTYLEentertainment

Population and Screen comparison

40,000

45,000

Population 2014e(million) Screens 2014e

China India US Indonesia Philippines Thailand South Korea Malaysia Hong Kong Singapore

1,367.5 1,259.7 318.5 251.5 99.4 68.6 50.4 30.5 7.3 5.5

24,607 11,139 40,158 963 715 969 2,281 874 232 225

24,607

11,139

40,158

963 715 969 2,281

874 232 225

-

200.0

400.0

600.0

800.0

1,000.0

1,200.0

1,400.0

Source: Marche Du Film, data as of 2014e

GROWTH POTENTIALS LIFESTYLEentertainment

GDP per Capita and Average Ticket Price (ATP) Comparison

Singapore US Hong Kong South Korea Malaysia China Thailand Indonesia Philippines India

56,109 54,678 40,303 28,739 11,062 7,572 5,550 3,404 2,913 1,626

7.3 8.1 8.4 6.9 3.5 5.8 4.6 2.9 2.1 0.6

7.3

8.1 8.4

6.9

3.5

5.8

4.6

2.9

2.1

0.6

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

GDP per capita 2014e (USD) Average ticket price 2014e (USD)

Source: Marche Du Film, data as of 2014e

GROWTH POTENTIALS

*Please note that release dates are subject to change.

LIFESTYLEentertainment

3Q15 Blockbuster Highlight3Q15

Mission: Impossible 5 (UIP)Ant-Man (Sony)Terminator: Genisys (UIP)Minions (UIP)The Fantastic Four (Warner)Maze Runner (Warner)Ted 2 (UIP)Inside Out (Sony)Transporter Refueled (Mongkol)Everest (UIP)Hitman : Agent 47 (Warner)Pixels (Sony)

Thai MovieFreelance (GTH)Jo Watermellon (MPIC)

GROWTH POTENTIALS

*Please note that release dates are subject to change.

LIFESTYLEentertainment

4Q15 Blockbuster Highlight4Q15

Bond 24: 007: Spectre (Sony)Star Wars: Episode VII (Sony)The Hunger Games: Mockingjay, Part 2Victor Frankenstein (Warner)Fallen (MPIC)Attack on Titan: Part 2 (M Pictures)Crimson Peak (UIP)In the Heart of the Sea (Warner)Hotel Transylvania 2 (Sony)Doraemon the Movie 2015The Good Dinosaur (Disney)Pan (Warner)Everest (UIP)Jem and the Holograms (UIP)The 33 (Warner)

Thai MovieMay Who (GTH)JYT (MPIC)

GROWTH POTENTIALS

*Please note that release dates are subject to change.

LIFESTYLEentertainment

Blockbuster Highlight Released In 2016 Mega Blockbuster in Year 2016 are still attractive.

Superhero-related, sequels or animated films are continuous released.

Year 2016Batman V Superman: Dawn of JusticeSuicide SquadCaptain America 3X-Men ApocalypseAmazing Spider-Man 3DeadpoolResident Evil: The Final Chapter The Divergent Series: Allegiant Part 1Independence Day 2 ResurgenceTeenage Mutant Ninja Turtles 2London Has FallenKung Fu Panda 3Ice Age 5Frozen 2Finding DoryKnights of the Round Table King Arthur

YouTube Channel: Major Trailers 70,000 Subscriber

Facebook: www.facebook.com/MajorGroup 2,321,000 Fan page

Twitter: MajorGroup 1,000,000 Followers

Instagram: MajorFriends 189,000 Followers

Mobile Application 5,050,000 Download

GROWTH POTENTIALS

23

Major is expert in online entertainment and interesting in online media.

LIFESTYLEentertainment

ID line: MajorFriends 15,012,000 Friends

GROWTH POTENTIALS

24

•Customers can book the ticket through many channels like E-Ticketing Machines, Mobile Application (iOS, Android), Major Cineplex’s website, also customers can pick up the tickets by using barcode at kiosks or receive the tickets at 7-11 (Convenience store)

•85% of admission revenue comes from non box office (Data as of 2Q15)

•Those technology will come to replace manpower in box office areas.

LIFESTYLEentertainment

Online Booking: E-Ticketing, Mobile Application and Online ticketing

E-Ticketing Machine454 Units in 84 Branches

MAJOR CINEPLEX GROUP LIFESTYLEentertainment

Expansion Plan: Major will open 101 screens in year 2015

2Q12 2Q13

(Data as of August 2015)

No. Location Screens Opening Date

1 Emquartier (Opened 1Apr) 8

2 Lotus Nakornsrithammarat (Opend 10Apr) 4

3 Central Rayong (Opend 27May) 8

4 Big C Nan (Opend 29May) 2

5 Big C Udonthani (Opened 9July) 4

6 Sahathai Suratthani (Opened 16July) 7

7 Vientiane Center, Laos 5

8 Central West Gate (Bang Yai) 12

9 Lotus Suratthani 6

10 Central Samui 3

11 Lotus Khon Kaen 5

12 Central East Ville (Ekamai - Ramindra) 8

13 Big C Ratburanah 4

14 Big C Ratchaburi 4

15 Promanade 8

16 Lotus Yasothon 3

17 Big C Lampang 5

18 Lotus Nadee (Udon) 5

2Q15

(22 Screens)

3Q15

(37 Screens)

4Q15

(37 Screens)

LIFESTYLEentertainment

INTERNATIONAL PROJECT

International ProjectIndia: PVR Cinemas

LIFESTYLEentertainment

Currently, PVR cinemas has got 474 Screens in 106 Locations.

Major hold 4.57% of PVR Cinemas (PVRL)PVR Cinemas is now India's Largest Multiplex Chain.

International ProjectIndia: PVR BluO

LIFESTYLEentertainment

Currently, PVR BluO has got 125 Bowling lanes in 7 Locations.

International ProjectCambodia LIFESTYLEentertainment

Cambodia: Major is partnering with local partner to operate a cinema complex located in Aeon Mall in Cambodia's capital with 7 screens comprising five standard cinemas, one VIP cinema and one 4D cinema (1,560 seats) and 14 bowling lanes .

The investment of 150 million baht will be made through a holding company of Major's international joint venture with a local firm. Major hold 70% of JV.

This project opened since 30th June 2014

The first year since Major Cineplex Cambodia opened, become the biggest cinema chain with 70% market share and 850,000 admissions has been sold.

International ProjectLaos LIFESTYLEentertainment

Laos: Major will open a cinema complex called “Major Platinum Cineplex By Huawei”in Vientiane center with 5 screens (1,150 seats).

The investment of 50 million baht will be made through a holding company of Major's international joint venture with Platinum Cineplex Ltd. (Local). Major hold 60% of JV.

This project opened since 7th Aug 2015.

Also the second project in Laos partnering THE LAOS World Trade Centre (WTC) and Major Cineplex Group have signed a cooperation agreement to open a new cinema complex in Vientiane in the signing ceremony in Bangkok on July 24.

LIFESTYLEentertainment

Thank you

LIFESTYLEentertainment