ORIGIN EMPIRE HOME RECURRING SERVICE SOLUTIONS CONDOMINIUM DETACHED HOUSE ACCOMMODATION OFFICE & RETAIL FOOD

ONE LIVING SOLUTION

ORIGIN EMPIRE

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ORIGIN EMPIRE

CONDOMINIUM DETACHED HOUSE

ACCOMMODATION OFFICE & RETAIL

FOOD

PROPERTY MANAGEMENT HOUSEKEEPING

REALTOR RENTAL SERVICE

DIGITAL BUTLER

HOME RECURRING SERVICE SOLUTIONS

STRATEGIC DIRECTION

ONE ORIGIN

STRATEGIC DIRECTION

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VISION

To become Thailand’s leading total service developer with sustainable growth through consumer centric mindset.

MISSION

Strive to deliver highest level of satisfaction to customer through insightful product

& services with creative design & development and align interests of all our stakeholders.

VALUE

Agile

Dynamic

Assertive

Professional

Think Forward

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STRATEGIC DIRECTION

KEY SUCCESS FACTOR

SUSTAINABLE GROWTH PLATFORM

• INSIGHTFUL

• PRACTICAL

With consumer-centric mindset, we always seeks for a core insight in everything that we touch. From design to functionality. From location selection to facility provided.“Consumer needs and unmet needs” will always be the core in every process of our development. And by being a total service developer with a full range of business from accommodation, offices, retail and food. We can deliver a full service that answer to every need of customer.

• INNOVATIVE SOLUTION

• UNCOMPROMISING QUALITY

• PARTNERSHIP

We always hold to our goal & mission to deliver the highest level of satisfaction to all of our stakeholders with the most practical solution. Whether it is to find the best location & living experience with reasonable price or deliver the highest profit to our stakeholders. We always adapt and seek for the best & practical solution. We don’t just do thing because everybody else is doing it. We’re doing it because it is the best way to answer the need of our customer / stakeholders.

To be able to deliver highest level of satisfaction to customer, we always seek for an innovative solution in every process and operation of everything we do. Always embracing cutting edge technology for the betterment of products and services. From design to construction. From customer service to room function. We always seek for an innovative solution to disrupt industry norm and deliver our customer“MORE VALUE” products & services.

No matter what the constraint will be, the one thingwe’ll never do is to compromise the quality of products & services deliver to our customers. Whether it is a construction nor room functionality, with consumer centric mindset, the need and value of what our customer will get always a highest priority in every process of everything we do.“MORE VALUE” will always be our promise to customer.

Is not only a joint business venture but it create relationship, support and sharing know how.“Partnership is opportunities increase when you help others win. A little win for a partner is a little win foryou”

MARKET OVERVIEW

HOTEL

Occupancy Rate

MARKET OVERVIEW

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International Tourist Arrivals

Demand International Tourist Arrivals Thai Tourist Demand

International Tourist Arrivals

Number (LHS) Growth (RHS)

Source : Department of tourism, forecast by Krungsri Research

Number

Thai Tourists

Nationwide

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016P 2017F 2018F

Source : Ministry of Tourism and Sports 4.0

3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0

Jan-14 Jul Jan-15 Jul Jan-16 Jul Jan-17 Jul Mar-18

Jan-15 Mar May Jul Sep Nov Jan-16 Mar May Jul Sep Nov Jan-17 Mar May Jul Sep Nov Jan-18 Mar

Source : Ministry of Tourism and Sports

180 160 140 120 100 80 60 40 20 0

Source : BOT

MARKET OVERVIEW

OFFICE

MARKET OVERVIEW

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Figure 1 :

Office Supply, Demand and Vacancy

Figure 2 : Rental Rates

998

837

733

Source : CBRE Research, Q1 2018

10,000,000

9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 sq.m

Total Supply Total Take-up Vacancy Rate

50%

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%

Vacancy Rate

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

1,100 1,000 900 800 700 600 500 400 300 THB/sq.m.

CBD Grade A CBD Grade B

Non-CBD Grade A Non-CBD Grade B

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Q1 2018

Avg. 5 Years Office Rental Rate Growth 6.7% per Year

Note : Based on 200-300 sq.m. transactions Source : CBRE Research, Q1 2018

MARKET OVERVIEW

FOOD

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FOOD

FOOD TRENDS CHANGING THE WAY WE'RE TRAVELING

0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000

2557 2558 2559 2560

101,000 110,000 114,000

119,000 - 122,00

259,600 265,000 268,000

271,000 - 275,000 360,600

375,600 (+4%)

382,000 (+2%)

390,000-397,000 +(2-4%)

MB

Restaurant Restaurant chain

Source : https://ireview.in.th/pr-eat-share-connect-lifestyle-force

https://www.kasikornbank.com/th/business/sme/KSMEKnowledge

In 2017, Kasikorn Research Center expects the restaurant market in 2017 to be

worth 390,000 – 397,000 MB Growing by 2-4% from 2016. It is divided into

restaurant chain 119,000 – 112,000 MB. And the value of the medium and small

restaurants 271,000-275,000 MB. The market value of restaurant business in

2018 is likely to be 441,000 – 415,000 MB Growing by 4-5% from 2016

Source : National Innovation Agency, Thailand

THAILAND FOOD TREND

27%

58%

60%

17%

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Thai people are update new trend to friends or family to know the chic restaurant and famous menu

Thai people comment on food and restaurants by online / internet.

Thai people are interested in food. Restaurants and Culinary

Thai people go eat outside, Estimated Growing Travel Height up to

27% estimate growth in year 2015 - 2019

5-Y MASTER PLAN

2018-2022

Potential Project Total

Investment Type Location

1 Serviced Apartment- Bangna 1,648 Accommodation Bangkok

2 Thonglor-Ekkamai Hotel 1,201 Accommodation Bangkok

3 Thonglor - Office & Retail 2,028 Office & Retail Bangkok

4 CBD- Sukhumvit Hotel 1,147 Accommodation Bangkok

5 Mixed-use Bangna 1,062 Office & Retail Bangkok

6 One Rayong City Hotel 4-5 Star 500 Accommodation EEC

7 Pattaya 1,400 Accommodation Leisure

8 Phuket 1,900 Accommodation Leisure

9 Chaing Mai 500 Accommodation Leisure

10 Restaurant chain 2,260 Food & Beverage Bangkok

Total 13,647

5-Y MASTER PLAN

70%

20%

10%

Accomodation Office & Retail Food

Development Project Total

Investment Type Location

1 Staybridge Suites Bangkok Thonglor 1,340 Accommodation Bangkok

2 One 24 1,384 Accommodation Bangkok

3 One Phromphong 1,126 Accommodation Bangkok

4 One Sukhumvit 1,786 Accommodation Bangkok

5 Holiday inn & Suites Chonburi Siracha 1,109 Accommodation EEC

6 Staybridge Suites Chonburi Siracha 902 Accommodation EEC

7 One Phayathai 902 Office & Retail Bangkok

8 Portobello Mall Siracha 74 Office & Retail Bangkok

9 One Thonglor 100 Office & Retail Bangkok

10 One Maptaphut– U Tapao Hotel 3 Star 600 Accommodation EEC

11 One Maptaphut– U Tapao Serviced Apartment

4-5 Star 700 Accommodation EEC

12 Crown Serviced Apartment Maptaphut– U Tapao

3 star 600 Accommodation EEC

13 Portobello Mall Rayong 650 Office & Retail EEC

Total 11,270

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INVESTMENT PLAN

2018 - 2022

5-Y MASTER PLAN

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ESTIMATE CAPITAL STRUCTURE ESTIMATE EQUITY STRUCTURE

Share Premium,

15%

Management Fee, 40%

Shareholder Equity, 45%

100%

65% 65%

35%

18%

17%

Investment Source of fund (Non JV)

Source of fund (JV)

Debt Equity

ONE

Debt

Partner

Source of fund (Non JV)

Source of fund

(JV)

5-Y MASTER PLAN

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REIT CONTRIBUTION

REIT

• Investment 1,000-1,500 MB

• Debt 65%

• Equity 35%

• REIT Value 1,500-2,000 MB (Capital Gain 30-40%)

New Investment

Project 1 Project 2 Project 3

• REIT Create Multiple Properties

“1 Property to REIT Create 3 New Projects“

5-Y MASTER PLAN

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ESTIMATE IRR (EQUITY)

IRR(E) Non REIT IRR(E) REIT

Non-JV JV

14% - 16% 18% - 24% 20%-25% 30% - 35%

Non-JV JV

Keys to High Return

• Foreign JV partner has low cost of fund then require lower rate of return

> This case benefit ORI about Share Premium and profit from Management fee

• Running on Growth of EEC

> Low land cost, High Rental Yield & High future opportunities

• Strong Partner with IHG

> High discount of Hotel operator fee, and Share Service Model create huge Expense Saving

• Economy of Scale

> Benefit with Competitiveness of Construction Cost from ORI

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ACCUMULATED PROJECT VALUE (Estimated REIT VALUE)

2,400 MB

4,500 MB

8,200 MB

12,400 MB

17,900 MB

24,700 MB

2019 2020 2021 2022 2023 2024

5-Y MASTER PLAN

Estimated

Revenue 300 MB 700 MB 1,400 MB 3,300 MB 5,200 MB 6,500 MB

BUSINESS STRATEGY

HOTEL - MIXED USE

STRATEGIC LOCATION

HOTEL - MIXED USE

STRATEGIC LOCATION

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CHIANGMAI

BANGKOK

PHUKET

CHONBURI

PATTAYA

RAYONG

STRATEGIC LOCATION

11/06/2018 | 22 PROJECT IN PIPELINE

POTENTIAL LOCATION

- Rama I

- Ramx IV

- Sukhumvit

- Sathorn

- Phayathai

- Ratchada

- Bangna Trad

STRATEGIC LOCATION

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ONE

PHAYATHAI

ONE 24

STAYBRIDGE SUITES BANGKOK THONGLOR

PROJECT IN PIPELINE POTENTIAL LOCATION

- Rama I

- Ramx IV

- Sukhumvit

- Sathorn

- Phayathai

- Ratchada

- Bangna Trad

STRATEGIC LOCATION

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ONE RAYONG

HOLIDAY INN CHONBURI SIRACHA BANGKOK

PROJECT IN PIPELINE POTENTIAL LOCATION

STAYBRIDGE SUITES

CHONBURI SIRACHA

STAYBRIDGE SUITES

Type of Project Target Opening

BANGKOK THONGLOR

: Hotel & Serviced Apartment : Q4/2019

11/06/2018 | 25 BANGKOK THONGLOR

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ONE 24

BANGKOK SUKHUMVIT 24 Type of Project

Target Opening

: Mixed Use Project, Hotel, Serviced

Apartment, Serviced Office, Retail

: Q1/2021

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ONE PHAYATHAI

BANGKOK PHAYATHAI Type of Project

Target Opening

: Mixed Use Project, Hotel, Office, Retail

: Q3/2021

HOLIDAY INN & SUITES

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CHONBURI SIRACHA Type of Project

Target Opening

: Hotel & Serviced Apartment : Q4/2019

CHONBURI SIRACHA

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STAYBRIDGE SUITES

CHONBURI SIRACHA Type of Project

Target Opening

: Hotel & Serviced Apartment : Q1/2021

CHONBURI SIRACHA

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ONE RAYONG

EEC RAYONG Type of Project

Target Opening

: Mixed Use Project, Hotel, Serviced

Apartment, Serviced Office, Retail

: Q3/2021

PARTNERSHIP

HOTEL - MIXED USE

PARTNERSHIP

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GLOBAL AMERICAS EMEAA GREATER CHINA

5,367

Open hotels

1,718

Pipeline hotels

799,923

Open rooms

252,451

Pipeline rooms

Figures include IHG’s 101 unbranded, PAL and InterContinental Alliance hotels (31,808 rooms), and 13 hotels in the pipeline.

PARTNERSHIP WITH IHG

PARTNERSHIP

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BUSINESS OVERVIEW MAIN BRANDS

Develops and sells condominiums, detached housing and redevelopment projects. By taking advantage of our integrated development, sales and management structure, we are actively developing the PROUD brand as well as the OHANA brand mainly in the Tokyo Metropolitan area.

Owns and leases office buildings and commercial facilities. This business segment is also engaged in the development of various asset classes of profit-generating properties including PMO brand office buildings, commercial facilities, and logistics facilities for investors.

As one of the largest single real estate investment management companies in Japan with over ¥1 trillion in assets under management, we engage in investment management under the consignment of investment corporations and private funds.

The consumer property brokerage side of the business is satisfying its customers’ needs for relocation by having enhanced its website and network of branch offices in the Tokyo Metropolitan area. The CRE side of the business accommodates the wide-ranging needs of corporations.

Engages in property management of housing and office building and strives to increase the asset value and profit of buildings.

Also, this business segment operates fitness club under the MEGALOS brand and in the future it plans on operating senior housing.

SOURCE OF VALUE CREATION

Diverse workforce

Group employees

6,233

Inventory of property

Residences

163 thousand units

Buildings

705 buildings

Brand power

Customer base

80,000

Stable financial foundation

29.9%

Property & Facility Management Business Unit

16.4 %

Property Brokerage

&

CRE Business Unit

6.0 %

Investment Management Business Unit

1.7 %

Leasing Business Unit

19.7 %

Other Business Unit

0.0 %

Residential Development Business Unit

56.4 %

PARTNERSHIP WITH NOMURA

THANK YOU