MINOR INTERNATIONAL PCL.

COMPANY PROFILE

VISION

To be A Leading Hospitality and Leisure

Operator, Restaurant Operator and Lifestyle

Brand Retailer through the delivery of branded

products and services that provide 100% satisfaction to all stakeholders

2

Customer Focus

Result Oriented

People Development

Innovative Partnership

HISTORY - KEY MILESTONES

Founded RGR

RGR , MFG and

MINOR

listed on the SET

Launched

Anantara brand

Acquired 50%

stake of The

Coffee Club

Completed group

business restructuring;

Delisted MINOR

1978 1980 1988-9 2000 2001 2003 2007 2008 2009 2010 2011

Acquired 100% stake

of Oaks

Launched Avani

brand

3

M&A between

RGR and MFG

and became

MINT

MFG launched

The Pizza

Company brand

Founded MFG

Acquired 70% stake of

Thai Express and 50%

stake of Elewana Afrika

Acquired 80%

stake of Kani Lanka

Launched Anantara

Vacation Club

Acquired Ribs &

Rumps

Increased stake in

S&P to 31%

Acquired the

remaining 30% stake

in Thai Express

MINT - CONSISTENT GROWTH

-

5,000

10,000

15,000

20,000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Total Revenue

THB Million

40,000

Total Assets

THB Million

4

-

10,000

20,000

30,000

40,000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

-

10,000

20,000

30,000

40,000

50,000

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Market Cap

THB Million

MINOR INTERNATIONAL - TODAY

� Hotel

� Equity Owned

� Quick Service

Restaurant� Fashion

RETAILFOODHOTEL & MIXED USE Retail

5

Shared Services

� Equity Owned

� Hotel and Serviced

Suites Management

� Spa

� Plaza & Entertainment

� Residential Development

� Point-Based Vacation Club

Restaurant

� Equity Owned

� Franchise

� Cheese & Ice-Cream

Manufacturing

� Cosmetics

� Household Products

� Contract Manufacturing

REVENUE & PROFIT CONTRIBUTION BY BUSINESS GROUPS

2011 Revenue Contribution 2011 EBITDA Contribution 2011 NPAT Contribution

Retail Trading 11%

Restaurant 43%

Hotel &

Mixed use46%

Retail Trading 0%

Restaurant 36%

Hotel &

Mixed use64%

Retail Trading - 6%

Restaurant 43%

Hotel &

Mixed use63%

6

5Y AVG Revenue Contribution 5Y AVG EBITDA Contribution 5Y AVG NPAT Contribution

Retail Trading 7%

Restaurant 51%

Hotel &

Mixed use42%

Retail Trading 1%

Restaurant 36%

Hotel &

Mixed use63%

Retail Trading 0%

Restaurant 35%

Hotel &

Mixed use65%

Note: * Excludes one-time gain from fair value adjustment on investment in S&P of Bt 1,054 million

HOTEL &

MIXED USETo be The Preferred Hotel Partner creating substantial value to all stakeholders

7

HOTEL PORTFOLIO - 2011

4 Four Seasons

1 JW Marriott2 Marriott

1 Anantara (Maldives) 1 Avani (Sri Lanka)

Thailand Outside Thailand

Ma

jori

ty-O

wn

ed

Join

t V

en

ture

1 St. Regis

5 Anantara

8

2 Anantara (Maldives) 1 Naladhu (Maldives) 6 under Elewana (Africa)

1 Avani & 2 SerendibLeisure (Sri Lanka)1 Harbour View (Vietnam)

5 Anantara 4 Anantara (1 Bali, 1 Vietnam & 2 UAE)

Join

t V

en

ture

Pu

rely

M

an

ag

ed

38 Oaks (33 Australia, 4 New Zealand & 1 Dubai)MLR

*

* MLR is Management Letting Rights (Management of Serviced Suites)

HOTEL PORTFOLIO – 75 PROPERTIES WITH 9,821 ROOMS IN 10 COUNTRIES

Hotel Name Country No. of Rooms

Anantara Bangkok Riverside Thailand 407

Anantara Hua Hin Thailand 187

Anantara Golden Triangle Thailand 77

Anantara Bophut Koh Samui Thailand 106

Anantara Phuket Thailand 83

Anantara Kihavah Maldives 78

Four Seasons Bangkok Thailand 354

Four Seasons Chiang Mai Thailand 76

Four Seasons Tented Camp Chiang Rai Thailand 15

Hotel Name Country No. of Rooms

Anantara Veli Maldives 50

Anantara Dhigu Maldives 110

Naladhu Resort Maldives 19

Harbour View Hotel Vietnam 122

Avani Bentota Sri Lanka 90

Club Hotel Dolphin Sri Lanka 146

Hotel Sigiriya Sri Lanka 79

Arusha Coffee Lodge Tanzania 18

Serengeti Migration Camp Tanzania 20

Tarangire Tree Top Tanzania 20

9

Four Seasons Tented Camp Chiang Rai Thailand 15

Four Seasons Koh Samui Thailand 60

JW Marriott Phuket Thailand 265

Pattaya Marriott Thailand 298

Hua Hin Marriott Thailand 219

St. Regis Hotel & Residence Thailand 224

Avani Kalutara Sri Lanka 105

Majority Owned 15 2,554

Oaks Hotels & Resort

Australia 4,693

New Zealand 419

Dubai 165

Management Letting Rights 38 5,277

The Manor at Ngorongoro Tanzania 20

Kilindi Tanzania 19

AfroChic Retreat Kenya 20

Joint Venture 13 733

Anantara Sikao, Krabi Thailand 139

Anantara Baan Rajprasong Thailand 97

Anantara Lawana, Koh Samui Thailand 122

Anantara Sathorn Thailand 436

Anantara Rasananda Thailand 44

Anantara Seminyak, Bali Indonesia 60

Desert Islands by Anantara UAE 64

Qasr Al Sarab Desert by Anantara UAE 206

Anantara Mui Ne Vietnam 89

Purely Managed 9 1,257

EXPANDING THE FOOTPRINT OF “ANANTARA”

Indigenous Luxurious Gracious

10

INTRODUCING A NEW, UPSCALE BRAND “AVANI HOTELS & RESORTS”

AVANI is a response to an increasingly influential group of discerning travellers: those who

appreciate good design and demand excellent service, but who also appreciate value for money.

11

OAKS HOTELS & RESORTS

Oaks is one of the largest hotel and resort operators in Australia, with 38 properties, over 5,000 rooms under management throughout Australia, New Zealand and Dubai.

12

HOTEL – KEY STATISTICS

2011 Revenue Breakdown by Brands * Average Occupancy Rate

Marriott

26%

Anantara

16%

Four Seasons

Oaks

30%

Others

3%Share Profit

1%

Management

fee

4% 72%65%

52% 52%

65%

0%

20%

40%

60%

80%

2007 2008 2009 2010 2011

3,951 4,142

3,076 2,976

3,497

-

1,000

2,000

3,000

4,000

5,000

2007 2008 2009 2010 2011

13

ADR RevPar

*Audited revenue

THBTHB

Four Seasons

20%

5,454

6,339 5,880 5,695 5,385

-

2,000

4,000

6,000

8,000

2007 2008 2009 2010 2011

PLAZA & ENTERTAINMENT

MINT owns and operates three shopping plazas

Royal Garden Plaza Bangkok & Pattaya

Turtle VillagePhuket

14

MINT also operates six entertainment outlets

SPA PORTFOLIO – 2011

Spa portfolio consists of 36 spas in 10 countriesCountry Hotel

THAILAND Anantara Bangkok Riverside

THAILAND Anantara Golden Triangle

THAILAND Anantara Koh Samui

THAILAND Anantara Hua Hin

THAILAND Anantara Phuket

THAILAND Anantara Sikao

THAILAND Anantara Lawana, Samui

THAILAND Pattaya Marriott Resort & Spa

THAILAND Hua Hin Marriott Resort & Spa

THAILAND JW Marriott Phuket Resort & Spa

THAILAND Four Seasons Hotel Bangkok

THAILAND The St. Regis Bangkok Hotel

THAILAND The Royal Orchid Sheraton Hotel Bangkok

THAILAND Sheraton Krabi Beach Resort

CHINA JW Marriott Hotel Shanghai

CHINA Sheraton Sanya Resort

CHINA Commune by the Great Wall Kempinski Beijing

15

CHINA Commune by the Great Wall Kempinski Beijing

CHINA Marco Polo Shenzen

CHINA The Puli Hotel & Spa

CHINA Renaissance Shanghai Putuo Hotel

CHINA Pullman Lijiang Resort & Spa

MALDIVES Anantara Veli

MALDIVES Anantara Dhigu

MALDIVES Anantara Kihavah

MALDIVES Naladhu*

TANZANIA Kempinski Kilimanjaro Dar es Salaam - Tanzania

TANZANIA Zamani Kempinski Resort Zanzibar

TANZANIA Kempinski Bilila Lodge (Serengeti)

UAE The Emirates Palace Hotel

UAE Desert Island by Anantara

UAE Qasr Al Sarab Desert by Anantara

VIETNAM Habour View Hotel

JORDAN Kempinski Ishtar Dead Sea - Jordan (Phase I)

INDIA The Radisson Resort and Spa Alibaug

EQYPT JW Marriott Cario

KOREA Sheraton Seoul D Cube City

RESIDENTIAL PROPERTY DEVELOPMENT

53 residences & penthouses on

top of 224 hotel rooms in a 47-storey building on Rajdamri

16

14 luxury villas adjacent to Four Seasons Koh Samui

ANANTARA VACATION CLUB

17

Following the success of “Marriott Vacation Club” and to leverage on the strength

of the Anantara brand, MINT introduced “Anantara Vacation Club” (point-based

vacation club project) in December 2010, with inventory in Samui, Phuket andQueenstown. Additional destinations will be added to the inventory over the years.

FINANCIAL PERFORMANCE – HOTEL AND MIXED USE

7,137 7,640

5,784 5,870

12,657

THB Million

Revenue

2,743 3,085

2,030

3,313

182007 2008 2009 2011

EBITDA

NPAT

38.4% 40.4% 35.1% 29.6%EBITDA

Margin

17.7% 20.0% 12.9% 8.3%Net

Margin

2,030 1,735

1,261 1,531

746 485

1,158

26.2%

9.1%

2010

RESTAURANTTo be A Global Integrated Operator of

Multiple Food Brands with the objective of providing 100% satisfaction to all stakeholders

19

QUICK SERVICE RESTAURANT PORTFOLIO – 2011

Thailand

Ma

jori

ty-O

wn

ed

# of Outlets

17461

1527277

118128

-21267

23726

--263

39-

6-45

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

International

20

27-

--27

15-

--

15

Total 616215

95331

1,257

--

541569

6-

20268294

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

CHEESE & ICE-CREAM MANUFACTURING

21

Two manufacturing plants producing over

20,000 tons of cheese and ice-cream per annum

RESTAURANT – KEY STATISTICS

2011 Revenue Breakdown by Brands* Number of outlets

The Pizza

Company,

27%

Swensen's,

14%

Sizzler, 16%

Dairy Queen,

9%

Burger King,

5%

The Coffee

Club, 2%

Thai Express,

19%

Others, 8%

676

1,043 1,112 1,147 1,257

-

700

1,400

2007 2008 2009 2010 2011

22

Same-Store Sales Growth Total System Sales Growth

* Audited revenue

Sizzler, 16%

-0.2%

3.1%

-2.7%

3.7%

9.0%

-5.0%

0.0%

5.0%

10.0%

2007 2008 2009 2010 2011

10.5%

17.8%

11.9%9.8%

14.1%

0%

5%

10%

15%

20%

25%

2007 2008 2009 2010 2011

FINANCIAL PERFORMANCE – RESTAURANT

THB Million

Revenue6,892

8,875 10,081 10,540

11,697

1,226

1,641 1,746 1,830

232007 2008 2009 2010

EBITDA

NPAT

14.7% 13.8% 16.3% 16.6%EBITDA

Margin

5.1% 4.1% 5.7% 7.0%Net

Margin

1,016 1,226

350 362

579 704

779

* Excluding impairment of investment in China of THB 93 million, 2011 EBITDA

margin and NPAT margin would be 16.4% and 7.4%, respectively.

2011

15.6%*

6.7%*

24

RETAIL

TRADING

To be A Leading Branded Lifestyle Operator in South

East Asia creating substantial value with the objective of providing 100% satisfaction to all stakeholders

RETAIL TRADING PORTFOLIO – 2011

Fashion Apparel Cosmetics Household

# Outlets

86

66

# Outlets

17

14

# Outlets

15

-

Total 15Total 15

25

18

7

6

Total 183Total 183

6

Total 37*Total 37*

Total 15Total 15

100K Tons/ Year100K Tons/ Year

Contract Manufacturing

Manufacturing acid-based fast-moving consumer goods

Contract Manufacturing

* Excludes Laneige outlets, which MINT divested in Jan 2012

RETAIL TRADING – KEY STATISTICS

Revenue* Revenue Breakdown by Category*

Fashion,

77%

Cosmetics,

9%

Others,

14%

* Excludes contract manufacturing; Consolidation of retail trading

1,571 1,691

1,352 1,593

1,898

-

500

1,000

1,500

2,000

2007 2008 2009 2010 2011

THB Million

26

Same-Store Sales Growth Total Store Sales Growth

* Excludes contract manufacturing* Excludes contract manufacturing; Consolidation of retail trading

started in June 2009

5.5%

-16.5%

14.4% 15.0%

-20%

-10%

0%

10%

20%

2008 2009 2010 2011

9.0%

-17.0%

16.8% 19.0%

-20%

-10%

0%

10%

20%

2008 2009 2010 2011

2,923 3,086 3,082

2,631

179

FINANCIAL PERFORMANCE – RETAIL TRADING & CONTRACT MANUFACTURING

THB Million

Revenue

2,680

152

-110

109 77 98

4

97 83

272007 2008 2009 2010

EBITDA

NPAT

3.2% 2.7% 6.8% 5.7%EBITDA

Margin

3.5% 2.5% 3.7% 1.7%Net

Margin

47

0.2%

2011

-3.8%

28

MINOR INTERNATIONALFINANCIAL HIGHLIGHTS

MINT FINANCIAL HIGHLIGHTS - SIZE

Total Revenue Net Profit

THB Million

14,029 16,515 17,244

19,089

28,332

-

5,000

10,000

15,000

20,000

25,000

30,000

2007 2008 2009 2010 2011

THB Million

1,611 1,892

1,400 1,236

2,880

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2007 2008 2009 2010 2011

29

Total Assets Total Equity

2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

THB Million

21,280 25,064

28,271 32,799

40,865

-

10,000

20,000

30,000

40,000

50,000

2007 2008 2009 2010 2011

THB Million

9,708

12,403 12,054 13,756

14,935

-

4,000

8,000

12,000

16,000

2007 2008 2009 2010 2011

MINT FINANCIAL HIGHLIGHTS - PROFITABILITY

EBITDA Margins Net Margin

26.8% 26.1%

22.0%19.0% 20.0%

0%

10%

20%

30%

2007 2008 2009 2010 2011

11.5% 11.5%

8.1%

6.5%

10.2%

0%

5%

10%

15%

2007 2008 2009 2010 2011

30

Return on Assets Return on Equity

8.3% 8.2%

5.3%

4.1%

7.8%

0%

2%

4%

6%

8%

10%

2007 2008 2009 2010 2011

18.1% 17.2%

11.5%9.6%

20.1%

0%

5%

10%

15%

20%

25%

2007 2008 2009 2010 2011

*Excludes gain from reclassification of investment in S&P and provision for investment in China, 2011 EBITDA and net margins would be 19.2% and 6.4%

*Excludes gain from reclassification of investment in S&P and provision for investment in China, 2011 ROA and ROE would be 5.2% and 13.4%

MINT FINANCIAL HIGHLIGHTS - OTHERS

Interest-Bearing D/E Interest Coverage

x

0.90.7

1.01.0

1.3

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

2007 2008 2009 2010 2011

x

8.39.4

6.9

5.4 5.5

0

2

4

6

8

10

2007 2008 2009 2010 2011

31

Current Ratio Dividend Per Share and Payout Ratio

x

1.1

0.9

0.7

1.1

0.9

0.0

0.2

0.4

0.6

0.8

1.0

1.2

2007 2008 2009 2010 2011

THB

0.25 0.31

0.15 0.15 0.15

0.10

51.0%55.4%

34.9%39.5%

44.8%

0%

20%

40%

60%

80%

-

0.10

0.20

0.30

0.40

2007 2008 2009 2010 2011

Cash Stock Payout Ratio

* 2011 EPS excludes gain from reclassification of investment in S&P

** Board of Directors approved to propose to shareholders in April 2012

*

**

OTHER CORPORATE INFORMATION

32

Minor Group37%

Foreign Fund19%

Osathanugrah Group10%

Thai Fund8%

The King6%

Others20%

SHAREHOLDERS & MANAGEMENT

Shareholding Structure Management

1. William E. Heinecke

Chairman and Group Chief Executive Officer

2. Paul Charles Kenny

Chief Executive Officer of Minor Food Group

3. Dillip Rajakarier

Chief Executive Officer of Minor Hotel Group

33

4. Michael Binger

Chief Executive Officer of Minor Corporation

5. Patamawalai Ratanapol

Group Chief People Officer

6. Trithip Sivakriskul

Corporate Chief Financial Officer

7. John Scott Heinecke

Vice President of Minor Food Group

Shareholders’ Return

0

4

8

12

16

20

2000

Investment

Dividend Warrants Capital Gain YTD Value

THB

As of 7 February 2012

CORPORATE SOCIAL RESPONSIBILITIES

1. Driving people development

One of MINT’s philosophies has long been that “people are the greatest assets” – not only to the company, but to

their families and the communities surrounding them.

2. Engaging in end-to-end customer experienceCustomers’ experience with MINT’s products and services is fundamental to the company’s sustainability. The

company is committed to ensure it deliver the best products to its customers in a socially responsible manner,

whether it is in the form of product quality and safety or responsible media.

3. Committing to long-term & sustainableOne of MINT’s core values is “partnership” - and the company strive to develop win-win relationships with its

partners, whether they are our suppliers, joint venture partners, owners, principals, franchisees or third party

service providers.

4. Managing environmental impacts

34

4. Managing environmental impactsMINT cares deeply about the community and the environment. The company continuously contributes to animal

and wildlife conservation in ecosystems where it operates.

5. Fostering social responsible mindsetSustainability cannot be achieved without being socially responsible. MINT promotes social responsibility and

volunteer spirits among employees and stakeholders through its business operations and through various

campaigns & activities.

RECENT AWARDS

Overall Performance & Corporate

Hotel

� Top 10 Best Managed Company and Investor Relations for

Thailand by FinanceAsia, June 2011

� AMCHAM Corporate Social Responsibility Excellence

Recognition in 2011 by The American Chamber of Commerce in

Thailand

� 2011 Asia’s Best Brand Award by CMO Asia

� Travel & Leisure - World’s Best Hotels 2011

o Four Seasons, Chiang Mai

� Conde Nast’s - Gold List 2011

o Four Seasons Tented Camp, Chiang Rai

Four Seasons Chiang Mai

Four Seasons Chiang Mai is one of the World’s 50 best hotels in 2011 by Travel & Leisure

35

o Four Seasons Chiang Mai

� 18th World Travel Awards 2011

o Four Seasons Koh Samui

o Anantara Golden Triangle

� International Property Awards 2011

o The Residences at The St. Regis Bangkok

Restaurant

� Swensen’s (Thai) Limited and Sizzler (SLRT Limited) - Best

Employers in Thailand 2011 in the Hospitality/Restaurants

Industry by Aon Hewitt

� The Coffee Club – The Best Cafe Franchise in Australia by the

Australian Financial Review’s Smart Investor Magazine 2010

� Minor Food Group has been chosen as an inductee into the

2010 Palladium Balanced Scorecard Hall of Fame for Executing

Strategy®

Anantara Golden Triangle won Thailand's leading resort from World Travel Awards 2011

best hotels in 2011 by Travel & Leisure