MINOR INTERNATIONAL PCL.

COMPANY PROFILE

VISIONTo be A Leading International Hospitality

and Lifestyle Operator by delivering

branded products and services providing 100% satisfaction to all stakeholders

Customer Focus

Result Oriented

People Development

Innovative Partnership

2

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

HISTORY - KEY MILESTONES

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

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

3

MINT: CONSISTENT GROWTH

-

5,000

10,000

15,000

20,000

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

30,000

40,000

MB

MB

Total Revenue

Total Assets

4

-

10,000

20,000

30,000

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

-

12,500

25,000

37,500

50,000

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

MB

Market Cap

MINOR INTERNATIONAL - TODAY

� Hotel

� Equity Owned

� Quick Service

Restaurant� Fashion

HOTEL & MIXED USE RETAILFOOD

5

Shared Services

� Equity Owned

� Hotel Management

� Spa

� Plaza & Entertainment

� Residential Development

� Timeshare

Restaurant

� Equity Owned

� Franchise

� Cheese & Ice-Cream

Manufacturing

� Cosmetics

� Household Products

� Contract Manufacturing

REVENUE & PROFIT CONTRIBUTION BY BUSINESS GROUPS

2010 Revenue Contribution 2010 EBITDA Contribution 2010 NPAT Contribution

Retail Trading

14%

Restaurant

55%

Hotel &

Mixed use

31%

Retail Trading

4%

Restaurant

46%

Hotel &

Mixed use

50%

Retail Trading

4%

Restaurant

53%

Hotel &

Mixed use

43%

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

6

Retail Trading

5%

Restaurant

54%

Hotel &

Mixed use

41%

Retail Trading

1%

Restaurant

35%

Hotel &

Mixed use

64%

Retail Trading

2%

Restaurant

29%

Hotel &

Mixed use

69%

HOTEL &

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

7

4 Anantara 4 Four Seasons

1 JW Marriott

3 Marriott

1 Anantara 1 Kani Lanka

Thailand Outside Thailand

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HOTEL PORTFOLIO - AS OF 1Q11

1 St. Regis

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

3 Serendib Leisure (Sri Lanka)1 Harbour View (Vietnam)

4 Anantara 3 Anantara (1 Bali & 2 UAE)

Join

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en

ture

Pu

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Ma

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d

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HOTEL PORTFOLIO – 35 HOTELS WITH 4,419 ROOMS IN 8 COUNTRIES

No. of RoomsHotel Name Country No. of Rooms

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

Hotel Name Country No. of Rooms

Anantara Veli Maldives 50

Anantara Dhigu Maldives 110

Naladhu Resort Maldives 19

Harbour View Hotel Vietnam 122

Hotel Serendib 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

No. of Rooms

Four Seasons Tented Camp Chiang Rai Thailand 15

Four Seasons Koh Samui Thailand 60

JW Marriott Phuket Thailand 265

Bangkok Marriott Thailand 413

Pattaya Marriott Thailand 298

Hua Hin Marriott Thailand 219

St. Regis Hotel & Residence Thailand 227

Kani Lanka Sri Lanka 105

Majority Owned 15 2,563

Tarangire Tree Top Tanzania 20

The Manor at Ngorongoro Tanzania 20

Kilindi Tanzania 19

AfroChic Retreat Kenya 20

Joint Venture 13 733

Anantara Sikao, Krabi Thailand 138

Anantara Baan Rajprasong Thailand 97

Anantara Lawana, Koh Samui Thailand 122

Anantara Seminyak, Bali Indonesia 60

Anantara Sathorn Thailand 436

Desert Islands by Anantara UAE 64

Qasr Al Sarab Desert by Anantara UAE 206

Purely Managed 7 1,123

9

EXPANDING THE FOOTPRINT OF “ANANTARA”

Indigenous Luxurious Gracious

10

HOTEL – KEY STATISTICS

2010 Revenue Breakdown by Brands * Average Occupancy Rate Management Fee 5%

Share of Profit 2%

72%72%65%

52%52%

Marriott46%

Anantara

Four Seasons 32%

%

ADR RevPar

11

Anantara15%

4,6275,454

6,3395,880 5,805

3,3393,951

4,142

3,076 3,005

*Audited revenue

Baht Baht

MINT owns and operates three shopping plazas

Royal Garden Plaza Bangkok & Pattaya

Turtle VillagePhuket

PLAZA & ENTERTAINMENT

MINT also operates five entertainment outlets

12

Spa portfolio consists of 34 spas in 10 countries THAILAND Bangkok Marriott Resort & Spa

THAILAND Hua Hin Marriott Resort & Spa

THAILAND Anantara Resort & Spa Hua Hin

THAILAND The Royal Orchid Sheraton Hotel Bangkok

THAILAND JW Marriott Phuket Resort & Spa

THAILAND Pattaya Marriott Resort & Spa

THAILAND Sheraton Krabi Beach Resort

THAILAND Anantara Golden Triangle Resort & Spa

THAILAND Anantara Bophut Koh Samui Resort & Spa

THAILAND Four Seasons Hotel Bangkok

THAILAND Anantara Phuket

THAILAND Anantara Sikao, Krabi

THAILAND Anantara Lawana, Koh Samui

CHINA JW Marriott Hotel Shanghai

CHINA Sheraton Sanya Resort

CHINA Commune by the Great Wall Kempinski Beijing

SPA PORTFOLIO

CHINA Commune by the Great Wall Kempinski Beijing

CHINA Marco Polo Shenzen

CHINA The Puli Hotel & Spa

CHINA Renaissance Shanghai Putuo Hotel

MALDIVES Bodu Huraa Resort & Spa

MALDIVES Anantara Resort & Spa Dighufinolhu

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

UAE Qasr Al Sarab Desert Resort

TURKEY Astoria Kempinski

TURKEY Anantara Bellevue

VIETNAM Harbour View Hotel

JORDAN Kempinski Ishtar Dead Sea - Jordan (Phase I)

INDIA The Radisson Resort and Spa Alibaug

EGYPT JW Marriott Cairo

13

RESIDENTIAL PROPERTY DEVELOPMENT

53 residences & penthouses on

top of 227 hotel rooms in a 47-storey building on Rajdamri

14 luxury villas adjacent to Four Seasons Koh Samui

14

TIMESHARE - ANANTARA VACATION CLUB

Introducing Anantara Vacation Club

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

strength of the Anantara brand, MINT introduced “Anantara Vacation Club”

(point-based time share project) in December 2010, with initial inventory in Samui. Additional destinations will be added to the inventory over the years.

15

FOOD To be A Global Integrated Operator of

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

16

Thailand

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QUICK SERVICE RESTAURANT PORTFOLIO

International# of Outlets

15555

1424

248

112115

-15

242

243-

--

243

38-

6-

44

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise- -

26-

--

26

12-

--

12

Total591170

942931,148

--

6011

71

5-

14243

262

17

Franchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

Franchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

EquityFranchise

CHEESE & ICE-CREAM MANUFACTURING

18

Two manufacturing plants producing over

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

FOOD – KEY STATISTICS

Revenue * 2010 Revenue Breakdown by Brands *

The Pizza Company 26%

Swensen’s 15%

Sizzler 16%

Dairy Queen 9%

Burger King 4%

Thai Express 21%

The Coffee Club 2%

10,459

6,4776,852

8,839

10,034

Others 7%MB

Same-Store Sales Growth Total System Sales Growth

19

-0.2%

-2.7%

3.7%

23.4%

10.5%

17.8%

11.9%9.8%

* Include other income and share of profit * Audited revenue

% %

8.8%

3.1%

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

20

RETAIL TRADING PORTFOLIO – 2010

Fashion Apparel Cosmetics Household

# Outlets

93

69

# Outlets

20

15

# Outlets

17

-

Total 17Total 17

17

5

3

Total 187

6

13

Total 54

Total 17Total 17

100K Tons/ Year

Contract Manufacturing

Manufacturing acid-based fast-moving consumer goods

21

Contract Manufacturing

RETAIL TRADING – KEY STATISTICS

Revenue * Revenue Breakdown by Category *

1,690

* Exclude contract manufacturing; Consolidation of retail trading

Others 3%

Fashion 82%

Cosmetics 15%

1,5711,691

1,3521,593

* Exclude contract manufacturing

MB

Same-Store Sales Growth Total Store Sales Growth

22

* Exclude contract manufacturing; Consolidation of retail trading

started in June 2009

9.0%

-17.0%

16.8%

-16.5%

14.4%

* Exclude contract manufacturing

% %

5.5%

23

MINOR INTERNATIONALFINANCIAL HIGHLIGHTS

MINT FINANCIAL HIGHLIGHTS - SIZE

Total Revenue Net Profit

12,39414,029

16,51517,244

19,089

1,611

1,280

1,892

1,241

MB MB

Total Assets Total Equity

24

17,78721,280

25,06428,271

32,786

8,1249,708

12,403 12,50413,806

MB MB

MINT FINANCIAL HIGHLIGHTS - PROFITABILITY

EBITDA Margins Net Margin

26.4% 26.8% 26.1%22.0%

19.0%11.5% 11.5%

8.1%6.5%

% %

Return on Assets Return on Equity

25

7.7%8.3% 8.2%

5.3%4.1%

18.2% 18.1%17.2%

11.5%

9.6%

% %

MINT FINANCIAL HIGHLIGHTS - OTHERS

Interest-Bearing D/E Interest Coverage

0.87 0.860.73

0.961.04

8.93 8.97 8.68 8.237.18

x x

Current Ratio Dividend Per Share and Payout Ratio

26

0.6

1.10.9

0.7

1.1

0.13 0.15

0.10

0.25 0.31 0.15

32.7%

56.5%45.9%

59.0%

34.8%

x x %

OTHER CORPORATE INFORMATION

27

SHAREHOLDERS & MANAGEMENT

Shareholding Structure Management

The King 6%

Osathanugrah Family 10%

Thai Fund 7%

Others21% Minor

Group33%

Foreign

Fund

28

1) William E. Heinecke (Chairman and Group CEO)

2) Pratana Mongkolkul (Group CFO)

3) Paul Charles Kenny (CEO of Minor Food Group)

4) Patamawalai Ratanapol (CPO & COO of Minor Food Group)

5) Dillip Rajakarier (COO of Minor Hotel Group)

6) John Scott Heinecke (VP of Minor Food Group)

7) Michael Binger (COO of Minor Corporation)

As of 11 March 2011 (XM)

Shareholders’ Return

Baht

Fund 23%

CORPORATE SOCIAL RESPONSIBILITY

Roy E. Heinecke Foundation

Golden Triangle Elephant Foundation

Mai Khao Marine Turtle Foundation

The Golden Triangle Asia Elephant Foundation plays a major role in rescuing elephants from the

city streets and relocating them to the jungles of northern Thailand where they belong.

Today, we care for more than 30 elephants with professional mahouts and veterinarians. We

organize “the King’s Cup Polo Tournament” in Chiang Rai which raises funds that are used to support the health of elephants.

An educational fund established in 1994 in memory of Mr. Roy E. Heinecke, the father of Mr.

William E. Heinecke, CEO of the Minor Group. The Scholarship is originally and privately intended

and financially supported by the Heinecke Family. This private fund offers scholarship programmes to children and young adults.

Mai Khao Marine Turtle Foundation

Mai Khao Marine Turtle Foundation in Phuket provides support for protection of sea turtles and

the environment in which they live. By working closely with local communities, the foundation

sponsors activities and events that increase the environmental awareness of

tourists, government agencies and communities. We also support sea turtle research and a sea turtle hatchery near our hotels in Phuket.

29

RECENT AWARDS

Overall Performance & Corporate

Hotel

� Top 10 Best Managed Company and Investor Relations for

Thailand by FinanceAsia, May 2010

� The 6th Corporate Governance Asia Annual Recognition Awards

2010

� The Asset Triple A Corporate Awards 2009 – Gold Award for

Investor Relations in Food & Beverages in Thailand

� FinanceAsia 2009: Asia's Best Managed Companies: Thailand &

Malaysia

� Travel & Leisure - World’s Best Hotels 2010

o Anantara Golden Triangle, Chiang Rai

Four Seasons Tented Camp received a perfect score

of 100 points in Conde Nast Traveler’s 23rd Annual o Anantara Golden Triangle, Chiang Rai

o Four Seasons, Bangkok

o Four Seasons, Chiang Mai

o JW Marriott, Phuket

� Conde Nast’s - Gold List 2011

o Four Seasons Tented Camp, Chiang Rai

o Four Seasons Chiang Mai

Food

� The Best Franchise to the World Market from Ministry of

Commerce in 2009

� 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®30

Anantara Golden Triangle was ranked 3rd on the 2010 Travel &Leisure Best Hotels in Thailand

of 100 points in Conde Nast Traveler’s 23rd Annual Readers’ Choice Awards for 2010