The Platinum Group Public Company Limited

Investor Presentation1Q2020

The information contained in this presentation is strictly confidential and is provided by The Platinum Group Public Company Limited (“PLAT” or the "Company") to you solely for your reference. Neither thispresentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii)redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and their respective affiliates or advisors. Byattending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without expressconsent from the Company and their respective affiliates or advisors.

Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, itsaccuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company and its subsidiaries. None of the Company nor any of its respectiveaffiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates make any representation or warranty (express or implied) regarding, nor assumes any responsibility orliability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, orotherwise) for any loss arising from or in connection with any use of this presentation or its contents.

This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of or solicitation or invitation of any offerto or recommendation to buy or subscribe for any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation theretoin Thailand or any other jurisdiction. Any recipient considering a purchase of securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in the finaloffering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. The information in this presentation does not take intoconsideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice.

In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statementsof historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number ofestimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks which are in many cases outside the control of the Company,and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such statements. No assurance can be given that futureevents will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward‐looking statements are not guarantees of future performance and accordingly, the actualresults, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. You are cautioned not to place unduereliance on these forward looking statements.

In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document or to correct any inaccuraciestherein which may become apparent.

None of PLAT or any of their respective affiliates or other advisors accepts any liability to any person in relation to the granting of access to, or possession of, this document in any jurisdiction.

Disclaimer

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To be an organization with growth mindset; continual improvement, embracive collaboration and agile response to change. We commit to vigorously adapt to changes in customer’s lifestyle and business environment in order to consistently deliver high-performing commercial properties with the aim to build top-of-mind recognition among customers and business partners, and to achieve sustainable business growth.

VISION

• To Support “Pratunum Trading District” development as a central strategic location for the country.

• To continue strengthen wholesale and retail shopping center management in all market segments.

• To promote the holistic view of mixed used property development to meet business requirement for local and South East Asia.

• To encourage the entrepreneurship, strategic partner engagement, and responsible for social, community, environment, employees, and shareholders for sustainable growth.

• To develop personnel potentiality in preparation for business expansion and encourage the employees to align with the business engagement strategy and the encouraging the novelty or new ideas to generate new innovation.

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MISSION

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2020 DIRECTIONS

Our Strategies

Market-driven

Cost effectiveness

Process efficiency

Managing by quality information & performance driven

Building trustworthy relationship with network/partnership

Service excellence with friendly approach

Adapt quickly to change in environment

Adopt digitalization

AGENDA

PLAT @ a glance

Financial Highlight

Asset performance

2020 Directions

55

AT A GLANCE

Choturangkool Family

47%

Wijithanarak Family

10%

Limpiviwatkul Family

9%

Institutional Investors

7%

Others27%

Major Shareholders

2,800,000,000

Shares

as of 10 June 2020

Symbol PLAT

Industry Property & Construction

Market cap. 9,576 MB (as of 8 June 2020)

Sector Property development

Par value Baht 1

No. of share 2,800,000,000

First day trading in SET 24 March 2015

% Free float 34%

% Institutional shareholders 7%

% NVDR 4%

Dividend policy At least 40% of the net profit after tax deductions and legal reserves of separate financial statement

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AT A GLANCE

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Diversified Business Portfolio

Our Core Business

1. Shopping Centre & Mixed-Use Project

2. Hotel

3. Food & Beverage

The Platinum Fashion Mall, The Market Bangkok, and The Neon Night Bazaar

Current project: Novotel Bangkok Platinum Hotel Future projects: Holiday Inn Resort and Moxy

Food Centre on the 6th floor, the Platinum Fashion MallStreet Food on the 3rd floor, the Market Bangkok

FINANCIAL HIGHLIGHT BY YEAR

1,768 1,863

2,059 2,117

2,465

2015 2016 2017 2018 2019

Revenue

950 1,043

1,171 1,176 1,215

2015 2016 2017 2018 2019

EBITDA

630 704 772 785 715

2015 2016 2017 2018 2019

NET PROFIT

Un

it: m

illio

n B

aht

+348 MB, +16% YoY

+39 MB, +3% YoY

-70 MB, -9% YoY

88

FINANCIAL HIGHLIGHT BY QUARTER

604 650

605 605

458

1Q19 2Q19 3Q19 4Q19 1Q20

Revenue

317 316 283 298

174

1Q19 2Q19 3Q19 4Q19 1Q20

EBITDA

201 178 157

179

26

1Q19 2Q19 3Q19 4Q19 1Q20

NET PROFIT

Un

it: m

illio

n B

aht

-143 MB, 45% YoY-124 MB, -42% QoQ

99

-175 MB, -87% YoY-153 MB, -85% QoQ

-146 MB, -24% YoY-147 MB, -24% QoQ

FINANCIAL HIGHLIGHT

2015 2016 2017 2018 2019

Revenue by Year

1,768

2,0591,863

2,117

2,465

Un

it: m

illio

n B

aht

Shopping Centre Hotel Food & Beverage Others

10

66%

18%

11%

5%

63%61%

20%

13%

4%

19%

13%

7%

59%59%

20%19%

13%

13%

8%9%

59%

1Q19 2Q19 3Q19 4Q19 1Q20

Revenue by Quarter

604 605650

605

458

70%

16%

8%6%

61%65%

21%

11%

7%

19%

10%

6%

67%

16%

19%

10%10%

4%4%

70%

FINANCIAL HIGHLIGHT

UNIT: MB 1Q2020 Common Size FY2019 Common Size % Change

Cash & cash equivalents & current investment 4,043 31% 4,232 36% -4%

Trade and other receivables 187 1% 201 2% -7%

Other current assets 194 2% 199 2% -3%

Total current assets 4,437 34% 4,646 40% -4%

Investment properties 6,745 51% 5,187 44% 30%

Property, plant and equipment 1,740 13% 1,444 12% 20%

Intangible assets 208 2% 213 2% -2%

Other non-current assets 108 1% 194 2% -44%

Total non-current assets 8,801 66% 7,038 60% 25%

TOTAL ASSETS 13,238 100% 11,685 100% 13%

Consolidated statements of financial positionas at 31 March 2020

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FINANCIAL HIGHLIGHTConsolidated statements of financial positionas at 31 March 2020

UNIT: MB 1Q2020 Common Size FY2019 Common Size % Change

Trade and other payables 630 5% 880 8% -28%

Current portion of unearned rental income 158 1% 172 1% -8%

Short-term deposits of rental income 164 1% 188 2% -13%

Other current liabilities 240 2% 287 2% -16%

Total current liabilities 1,192 9% 1,527 13% -22%

Lease liabilities – net of current portion 2,495 19% - 0% NA

Long-term deposits of rental income 183 1% 199 2% -8%

Retention payables 146 1% 146 1% 0%

Other non-current liabilities 80 1% 696 6% -89%

Total non-current liabilities 2,904 22% 1,041 9% 179%

TOTAL LIABILITIES 4,096 31% 2,569 22% 59%

TOTAL SHAREHOLDERS’EQUITY 9,142 69% 9,116 78% 0%

TOTAL LIABILITIES AND SHAREHOLDERS’EQUITY 13,238 100% 11,684 100% 13%

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FINANCIAL HIGHLIGHTConsolidated statement of comprehensive incomefor the three months period ended 31 March 2020

UNIT: MB 1Q2020 Common Size 1Q2019 Common Size % Change

Revenue from rental and services 320 70% 407 68% -21%

Revenues from hotel operations 71 16% 111 18% -36%

Revenues from F&B 38 8% 62 10% -39%

Other income 29 6% 24 4% 21%

TOTAL REVENUES 458 100% 604 100% -24%

Cost of rental and services 169 37% 151 25% 12%

Cost of hotel operation 45 10% 52 9% -13%

Cost of F&B sales 30 7% 47 8% -36%

SG&A 83 18% 101 16% 37%

Unrealized loss on changes in fair value 55 12% - - NA

TOTAL EXPENSES 382 83% 351 58% 9%

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FINANCIAL HIGHLIGHTConsolidated statement of comprehensive incomefor the three months period ended 31 March 2020

UNIT: MB 1Q2020 Common Size 1Q2019 Common Size % Change

OPERATIONAL PROFIT 76 17% 253 42% -70%

Financial cost 18 4% 0 0% 17,983%

Income tax expenses 32 7% 52 9% -38%

NET PROFIT 26 6% 201 33% -87%

EPS (Baht/share) 0.01 0.07

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CAPITAL STRUCTURE

5,755 5,658 5,472

4,648 4,232 4,043

8,203 8,466 8,734 8,961 9,116 9,142

0.16 0.16

0.20

0.26 0.28

0.45

-

0.10

0.20

0.30

0.40

0.50

-

2,000

4,000

6,000

8,000

10,000

2015 2016 2017 2018 2019 1Q2020

Cash & Cash equivalents & Current Investment Equity D/E ratio

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DIVIDEND PAYMENT

0.1575

0.18

0.20 0.20 0.20

70.05%

71.58%72.54%

71.33%

78.32%

65%

70%

75%

80%

-

0.0500

0.1000

0.1500

0.2000

0.2500

2015 2016 2017 2018 2019

Dividend (Baht/Share) Dividend Payout ratio

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441 MB 560 MB504 MB 560 MB560 MB

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ASSET PERFORMANCE

Current Projects Start operation Landownership

Leasable area (sqm.)

Occ. rate Average rental rate (Bah/sqm/month)

The Platinum Fashion Mall December 2005

Freehold

23,409 91% 2,624

Novotel Platinum Pratunam November 2011 288 keys 62% ARR = 3,219RevPar = 1,987

The Wharf Samui Start: January 2015

End: March 2020

Leasehold

5,423 24% NA

The Neon Night Bazaar Phase I: Dec 2016Phase II: Dec 2018

5,757 72% 1,475

The Market Bangkok Phase I: Feb 2019 30,605 64% 754

Current Projects as of Q1/2020

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Projects in Pipeline

Investment value (MB)

2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22

Holiday Inn Resort Samui

1,220

Moxy Hotel @ M1

1,300 – 1,500

Office Tower* @ M2

2,000 – 2,300

Total 4,520 – 5,020Office Building BusinessHotel Business

532 keys, leasehold 30+30 year end 2079

203 keys, freehold

38,000 sqm., leasehold 30+30 year end 2079

* CBRE as a sole agent

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2020 DIRECTIONS

The Platinum Fashion Mall

Operation Improvement (Zone 1, 2)Renovation Plan (Zone 3)

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2020 DIRECTIONS

The Platinum Fashion Mall

SMEs Empowering Tenants Support

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2020 DIRECTIONS

The Market Bangkok

Revamping ConceptMixed-use Project Continuing Phase II: Office & Hotel

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2020 DIRECTIONS

The Market Bangkok

Revamping Concept

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2020 DIRECTIONS

The Neon Night Bazaar

Concept Refreshment

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2020 DIRECTIONS

Holiday Inn Resort Samui

Master Plan Finalization

25

2020 DIRECTIONS

Holiday Inn Resort Samui

Construction in Progress

Fact sheet

Total rooms 203

Tentative opening 2Q2021

Investment value 1,220 MB

Land ownership Freehold

as of 1 June 2020

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Measures to reduce the effects of the COVID-19 outbreak

Prudently recalls well-being of stakeholders and hopes to minimize the impact

Provided 100% rental and services fee and common area fee waivers to all small entrepreneurs since the closing date (March 22, 2020) to May 17, 2020

Provided additional 2-month rental fee waivers starting from May 17, 2020 to motivate the tenants to reopen their stores

Elevated level of measures under the code of “be confident, be safe, don’t worry”

Applied efficient cash management policy to maintain the Company’s liquidity

Adheres to the cautiousness in investment in new projects

Rigorously implemented social distancing measures for safety and well-being of employees

Closely coordinated with Social Security Office to preserve all rights for the employees

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Measures to reduce the effects of the COVID-19 outbreak

For further information and enquiries, please contract our IR

ir@theplatinumgroup.co.th

www.theplatinumgroup.co.th