2Q2018 Presentation Results

August 2018

MK Restaurant Group PCL (“M”)

Company

Presentation

1

Agenda

Company Overview

2Q2018 Key Financial Highlights

Business Update

2

Business Structure

MK Restaurant Group Public Company Limited (M)

Plenus & MK Pte. Ltd.

Plenus MK Co.,Ltd.

MK InterfoodCo.,Ltd.

100%

MK Service Training Center

Co.,Ltd.

100%

50% 12%

Yayoi Japanese

Restaurants

Registered Capital:

400 MB

Provide training services

Registered Capital:

35 MB

Food manufacturer &

distributor

Registered Capital:

280 MB

Restaurants in

Singapore

Registered Capital:

SGD12.5 Million

MK Suki Restaurants

in Japan

Registered Capital:

JPY 250 million

MK Suki and MK Gold restaurants

Thai restaurants – Na Siam and Le Siam

Japanese restaurants – Miyazaki and Hakata

Others – Le Petit, MK Harvest, Bizzy Box

Overseas franchise

Provide logistics &

warehouse services

Registered Capital:

1,300 MB

International Food Supply Co.,Ltd.

100%

M-Senko Logistics Co.,Ltd.

49.75%

Mark One Innovation Center

Co.,Ltd.

100%

Research & development

Registered Capital:

60 MB

3

Restaurant Outlets in Thailand

Type of Business Restaurants Brand No. of Outlets

Suki RestaurantMK 429

MK Gold 6

MK Live 2

Japanese RestaurantYayoi 175

Miyazaki 27

Hakata 4

Thai RestaurantNa Siam 1

Le Siam 3

OthersLe Petit 3

Bizzy Box 1

Harvest 1

Remark: Data as of Jun 2018

4

Leader in chained restaurant industry with nationwide branches coverage

Dominant Position in Chained Restaurant Industry

79 89 99 97 102

5051

59 68 73

2014 2015 2016 2017 2Q2018

Bangkok & Metropolitan area Provincial area

189 197 199 200 201

218 222 225 235 236

2014 2015 2016 2017 2Q2018

Bangkok & Metropolitan area Provincial area

Extensive Coverage Nationwide

North

MK & MK Gold 23

Yayoi 5

West

MK & MK Gold 19

Yayoi 8

North East

MK & MK Gold 58

Yayoi 16

South

MK & MK Gold 48

Yayoi 12

East

MK & MK Gold 46

Yayoi 19

BKK & Greater BKK

MK & MK Gold 201

Yayoi 102

Central

MK & MK Gold 42

Yayoi 13

Branches

Japan

MK 33

Japan

an

MK 6

Vietnam

an

Yayoi 8

Singapore

54%

46%

419 424 437

42%

58%

158175

407

129140

an

MK 1 / Miyazaki 1

Lao PDR

435

165

Yayoi 1

Malaysia

5

-5%

3%

2%

-1%

2%

-3%

3%

5%

3%

0%

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18

Same-Store Sales Growth

In 2Q2018, same-store sales growth for MK & Yayoi were flat compared to the previous year.

-1%

5%

8%

3%

1%

-1%

8%

7%

3%

1%

1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18

6

Agenda

Company Overview

2Q2018 Key Financial Highlights

Business Update

7

14,139 14,957 14,923

15,498 16,458

8,099 8,543

2,039 2,042 1,856 2,100 2,425 1,228 1,291

2013 2014 2015 2016 2017 1H17 1H18

Total Revenues Net Profit

Total Revenues and Net Profit

%YoY Growth 2013 2014 2015 2016 2017 1H2018

Total Revenues 8% 6% 0% 4% 6% 5%

Net Profit 0% 0% -9% 13% 15% 5%

Million Baht

8

Gross Profit

Revenue ContributionRevenues from Sales and Services

Revenues Growth

In 2Q2018, revenues from sales & services grew up 3% compared to the prior year due primarily to the new

branch expansion.

THB Million

THB Million

3,805 4,106 4,049 4,249

7,911 8,298

1Q17 2Q17 1Q18 2Q18 1H17 1H18

+3% YoY

+5% YoY

2,572 2,798 2,773 2,911

5,370 5,684

67.6% 68.2% 68.5% 68.5% 67.9% 68.5%

0%

10%

20%

30%

40%

50%

60%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

1Q17 2Q17 1Q18 2Q18 1H17 1H18

+4% YoY

+6% YoY

MK, 79%

Yayoi, 19%

Others, 2%

9

SG&A

In 2Q2018, SG&A increased 8% YoY compared to the prior year primarily due to the increase of salaries and

wages, marketing expenses and rent.

SG&A Expenses

1H2018 SG&A Expenses Breakdown

THB Million

1,960 2,074 2,114 2,233

4,034 4,348

50% 49% 51% 51% 50% 51%

0%

10%

20%

30%

40%

50%

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

1Q17 2Q17 1Q18 2Q18 1H17 1H18

+8% YoY

+8% YoY

Personel, 52%

Rental, 19%

Utilities, 7%

Depreciation, 7%

Others, 15%

10

Net Profit

THB Million

EBITDA

In 2Q2018, EBITDA & Net Profit dropped 3% and 2% YoY respectively compared to the previous year

THB Million

EBITDA & Net Profit

910 1,044 982 1,014

1,953 1,996

23.4% 24.8% 23.6% 23.1% 24.1% 23.4%

0%

5%

10%

15%

20%

25%

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

1Q17 2Q17 1Q18 2Q18 1H17 1H18

-3% YoY

+2% YoY

553 675 632 659

1,228 1,291

14.2%16.0% 15.2% 15.1% 15.2% 15.1%

0%

2%

4%

6%

8%

10%

12%

14%

16%

(300)

200

700

1,200

1,700

2,200

2,700

1Q17 2Q17 1Q18 2Q18 1H17 1H18

-2% YoY

+5% YoY

11

Current RatioD/E Ratio

Financial Ratio

Liquidity is at a comfortable level as well as strong capital base to support growth

ROA (%) ROE (%)

2,454 2,261

13,829 14,013

0.18 0.16

-

0.05

0.10

0.15

-

5,000

10,000

15,000

20,000

31-Dec-17 30-Jun-18Total Liabilities Shareholders's Equity D/E

5.0 5.1

31-Dec-17 30-Jun-18

15.2% 15.6%

31-Dec-17 30-Jun-18

17.8% 18.0%

31-Dec-17 30-Jun-18

12

Agenda

Company Overview

2Q2018 Key Financial Highlights

Business Update

13

Notable Events in 1H2018

February 24, 2018 Opened 6th MK Branch in Ho Chi

Minh City, Vietnam.

March 30, 2018 Set up the new joint venture

company “M-Senko Logistics” to

operate logistics, warehouse

rental, trading and forwarding

businesses with registered share

capital of Baht 1,300 million.

April 12, 2018 Launched the new concept under

brand “MK Harvest” at “The

Emquartier”.

May 21, 2018 Set up the new subsidiary “Mark

One Innovation Center” in order

to do research and development

of technology and innovation in

food and beverage with registered

share capital of Baht 60 million.

June 1, 2018 Launched the new grab & go

concept under brand “Bizzy Box”.

14

Continued expansion strategy with shopping complexes, modern trade stores and community malls covering

nationwide

Outlet Expansion Plan

No. of New

outlets opened

in 1H2018

Plan

No. of New

outlets in 2018

6

10

3

MK Yayoi Others

18

27

3

MK Yayoi Others

15

Marketing Campaign in 2Q2018 – MK

16

Marketing Campaign in 2Q2018 – MK

17

Marketing Campaign in 2Q2018 – Yayoi

18

Marketing Campaign in 2Q2018 – Yayoi

19