Siam Future Development PLCSiam Future Development PLC

2

Presentation Outline

Company Profile

Business Model

Property Portfolio

Project Financing Model

Industry Outlook

Q&A Session

3

COMPANY PROFILE

4

About Siam Future

A young company specializing in retail business real estate development21% own by Major Cineplex (#1 movie screen in Thailand)40% own by management95% occupancy rate for the last 10 years

5

FAQ Facts

Founded : 1994

Employee : 50

Rental Space (End of Y2005) : 96,836 sq.m.

End of Y2006 : 187,119 sq.m.

Number of Shopping Centers (End of Y2006) : 27

Market Cap (market price = 7.25 baht/share) : 3 Billion Baht

6

BUSINESS MODEL

7

Business Model

TOTAL Rental Space 209,416 sq.m.

Retail Real EstateConvenience CenterNeighborhood CenterLifestyle centerCommercial CenterUrban Entertainment Center

28 %58,378 SQ.M.

63 %131,498 SQ.M.

9 %19,540 SQ.M.

Siam Future Development PLC.

8

Gloss Leasable Area (GLA) Summary

3 PROJECTS UNDERCONSTRUCTION

GLA 74,583 SQ.M.

25 EXISTING PROJECTS

GLA 134,833 SQ.M.

TOTAL GLA 209,416 SQ.M.

9

SF PortfolioType of 2004 2005 2006 2007

Shopping Center No. of centers

GLA No. of centers

GLA No. of center

s

GLA No. of center

s

GLA

Neighborhood Center 8 40,832 8 40,832 8 44,260 8 44,260

Lifestyle Center 1 7,315 1 7,315 3 27,278 4 49,575

Lifestyle & Entertainment Center 1 43,118 1 43,118

Urban Entertainment Center 1 8,238 1 8,238 1 8,238 1 8,238

Power Center 2 34,604 2 58,378 2 58,378

Convenience Center 3 1,958 4 2,942 4 2,942 4 2,942

Automotive Service Workshop 8 2,906 8 2,906 8 2,906 8 2,906

Total 21 61,248 24 96,836 27 187,119 28 209,416

Growth Rate 66% 58% 93% 12%

10

Rental Space Growth

36,972

61,248

96,836

187,119

209,416

34,079

0

50,000

100,000

150,000

200,000

250,000

2001 2002 2003 2004 2005 2006 2007 2008

sq.m.

8.49%

65.66%

58.10%

93.23%

11.92%

AVG 54%

11

Strong, long-term bond with Anchor Tenants

12

Mixture of World Class Tenants

13

Mixture of leading local tenants

K Bank

14

$ Location Procurement fee$ Prepaid Rent

Project Financing Model

BankBank

Other TenantsOther Tenants

Anchor TenantAnchor TenantLandlordLandlord

ConstructionConstructionContractorContractor

$ rental deposit

$ Loan

Cash InflowCash Inflow

$ Cost

$ upfront

> 60%

< 40%

Cash OutflowCash Outflow

$ Rental Deposit45%Rental space

55%Rental space

15

INDUSTRY OUTLOOK

16

Modern Trade Thailand

128

97113

7763

238

138150

170208

1999 2000 2001 2002

Convenience stores& minimart

Supermarkets

Hypermarkets

Year

22 %

9 %

13 %

16 %

21 %

26 %

2003

14 %

13 %

23 %

4 %

4 %

8 %AVG.Growth = 10 %

AVG.Growth = 15%

AVG Growth= 20 %

6700

6200

5750

4500

5537

17

2005 Major Hypermarket

Rank Name Country of Origin No. of Store(Year 2005)

1 Tesco Lotus UK 67

2 BigC France 44

3 Makro Netherlands 29

4 Carrefour France 22

162

18

2005 Major Supermarket

Rank Name Country of Origin No. of outlets(Year 2005)

1 Tops Netherlands 91

2 Jusco Japan 6

3 FoodLand Thailand 9

4 Villa Market Thailand 9

115

19

• Mr. Oranop Jantaraprapa, Chairman

• Mr. Pongkit Suttapong, Founder & Vice Chairman

• Mr. Nopporn Witoonchart, Founder & CEO

• Mr. Somnuk Pojkasemsin, President

(MBA)

(MBA / B.Industrial Eng.)

( B.Electrical Eng.)

( M.ACC / CPA)

- Former Executive of Siam Cement Group

- Former Junior Executive of Siam Cement Group

- Former S.E Asia Regional Manager Nokia (Singapore)

- Former Junior Executive of Siam Cement Group

- Former Auditor of KPMG

20

Q&A

21

Supplementary

22

Neighborhood Shopping Center

Open air shopping center

Supermarket as anchor tenant

Suburb areas

Convenience Oriented

23

Lifestyle Center

Open air shopping center

Upscale specialty stores

Fun & Leisure atmosphere

Destination Oriented

24

Entertainment Center

Open air shopping center

Lifestyle Center & Theater

Destination Oriented

25

Power Center

Open air shopping center

Discount Stores as anchor tenants

Destination Oriented

26

Outlet Center

13

Open air shopping center

Discount Brand Name Stores

as Anchors.

27

PROPERTY PORTFOLIO

28

Neighborhood Centers

Bangbon

OPEN : 1995

ANCHOR : JUSCO

GLA : 7,100 SQ.M.

OPEN : 1996

ANCHOR : JUSCO

GLA : 6,170 SQ.M.

Pracha Utis Sukaphiban3

OPEN : 1996

ANCHOR : TOPS

GLA : 6,335 SQ.M.

29

Neighborhood Centers

Sukhumvit 71

OPEN : 1998

ANCHOR : JUSCO

GLA : 1,418 SQ.M.

Thonglo 6

OPEN : 2002

ANCHOR : MARKET PLACE

GLA : 3,015 SQ.M.

Thung Mahamek

OPEN : 2003

ANCHOR : TOPS

GLA : 2,893 SQ.M.

30

Neighborhood CentersOPEN : Oct, 2004

ANCHOR : MARKET PLACE

PIYAROM SPORT CLUB

GLA : 7,912 SQ.M.

Piyarom Place

31

Convenience Centers

Automotive Service Workshops

OPEN : 2000

GLA : 2,906 SQ.M.

STAND-ALONE STORES :

BANG KAE, MENG JAI, PHAHOLYOTHIN

K.M.27, HUAY KWANG, TAPRA, SATHORN,

PATTANAKARN, RAMA III

Wanghin

OPEN : 2000

ANCHOR : BQUIK, SEVEN-ELEVEN

GLA : 535 SQ.M.

Ramintra K.M.2

OPEN : 2000

ANCHOR : BQUIK, SEVEN-ELEVEN

GLA : 780 SQ.M.

32

Convenience Center

Ladprao 120OPEN : Mar, 2004

ANCHOR : LOTUS EXPRESS

GLA : 643 SQ.M.

Lotus WanghinOPEN : Jan, 2005

ANCHOR : LOTUS EXPRESS

GLA : 984 SQ.M.

33

Community Center

ChachuengsaoOPEN : Jun, 04

ANCHOR : MAJOR CINEPLEX

GLA : 8,238 SQ.M.

34

Power Center

PetchkasemOPEN : Q4,2005

ANCHOR : BIG C, MAJOR CINEPLEX,

INDEX LIVING MALL, HOMEWORK

GLA : 49,481 SQ.M.

35

Ekkamai

Power Center

21

OPEN : Q4,2005

ANCHOR : BIG C, INDEX LIVING MALL

GLA : 14,876 SQ.M.

36

Lifestyle Center

J AvenueOPEN : Aug, 04

ANCHOR : VILLA MARKET,

MAJOR BOUTIQUE BOWLING

GLA : 7,315 SQ.M.

37

Lifestyle CenterThe Avenue Changwattana

OPEN : Q2,2006

ANCHOR : MAJOR CINEPLEX ,

CALIFORNIA FINESS

GLA : 23,335 SQ.M.

38

Lifestyle CenterPhahonyothinPhahonyothin

OPEN : Q3,2006

ANCHOR : Villa Market

GLA : 5,495 SQ.M.

39

CONCEPT: Lifestyle center

SITE AREA: 3-3-40 Rai

GLA: 5,495 Sq.m.

PhahonyothinPhahonyothin Lifestyle Center

40

Lifestyle CenterPattayaPattaya OPEN : Q2,2007

ANCHOR : Major Cineplex,

Supermarket

GLA : 21,839 SQ.M.

41

CONCEPT: Lifestyle center

SITE AREA: 11-1-41 Rai

GLA: 21,839 Sq.m.

PattayaPattaya Lifestyle CenterLifestyle Center

42

Esplanade Esplanade RatchadaRatchada

Lifestyle and Entertainment Center

OPEN : Q4,2006

ANCHOR : MAJOR CINEPLEX,

CALIFORNIA FITNESS

GLA : 44,058 SQ.M.