THE AMBASSADOR HOTEL 2018 BUSINESS REVIEW

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1 Stock Code:2704 THE AMBASSADOR HOTEL 2018 BUSINESS REVIEW Ambassador

2 Outline A.Corporate Overview B.Financial Highlights C.Future Directions D.Q & A Safe Harbor Statement This Presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as required by law, we undertake no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise. Ambassador 1

3 A. Corporate Overview Yeang Group HCT Shihlin Electric (1503) Ambassador (2704) Ambassador 2

4 A. Corporate Overview Established in 1962 Capital:NT$ 3.6 billion Consolidated Operating Revenue for the Six Months Ended June 30, 2018:1.5 billion Employees:1,333(July 2018) Main Products :Food & Beverage Revenue(66%) Room Revenue (32%) Other Revenue (2%) Ambassador 3

5 A. Corporate Overview Milestones 1962 The Ambassador Hotel Taipei is incorporated. Its goal is to establish the first internationalstandard hotel in Taiwan The hotel opens its head office on the present site of the Ambassador Hotel Taipei Initial public offering The Ambassador Hotel Kaoshiungofficially opens Ambassador Hotel shares are listed on the Taiwan Stock Exchange The Ambassador Hotel Taipei and Kaoshiungare bothrated as Five Plum tourist hotels by Taiwan s Tourism Bureau The Ambassador Hotel is graded Deluxe Class by SRS-WORLDHOTELS The Ambassador Hotel Kaohsiung receives the first Golden Enterprise Service Award. Ambassador 4

6 A. Corporate Overview 1998 The group wins the Five Star Award in the national competition of Labor Safety & Health Excellent Organization, held by the Council of Labor Affairs, Executive Yuan Taiwan The hotels obtains ISO9001 quality certification, the first five-star tourist hotel in northern Taiwan to do so The Ambassador Hotel Hsinchu opens and joins the group The Ambassador Hotel Hsinchureceives recognition from Les Clefs d Or, a world-class hotel professional organization. Five staff members receive awards at the same time The Ambassador Hotel Kaohsiung gets 5 star certified of hotel rating system from Tourism Bureau,M.O.T.CRepublic of China. Ambassador 5

7 A. Corporate Overview 2011 The Ambassador Hotel Taipei & Hsinchugets 5 star certified of hotel rating system from Tourism Bureau,M.O.T.CRepublic of China The Company has adopted Hazard Analysis Critical Control Point (HACCP) certification With the MUSLIM FRIENDLY TOURISM certification awarded by Chinese Muslim Association with the commissioned by the Tourism Bureau of MOTC, Taipeiand Kaohsiung Ambassador Hotel could provide friendly Tourism Environment for business and sightseeing Islam travelers in Taiwan The Ambassador Hotel wins the "Best Business Hotel The Ambassador Hotel wins the "Service Innovation Award The Ambassador Hotel wins the " Anti Additive Tasty Awards. Ambassador 6

8 The Ambassador Hotel Taipei The group s flagship Ambassador Hotel Taipei is the first five-star tourist hotel in Taiwan. Boasting plush, well appointed rooms and offering awardwinning hospitality, it is the destination of choice for international visitors to Taiwan. Serving a wide range of delicacies from around the world, its restaurants enjoy a fine reputation at home and abroad. Location Situated on Chung Shan North Road, the Ambassador Hotel Taipei is located in the heart of Taipei City. It is within walking distance of shopping malls, and just minutes by car or taxi fromthe central business district and tourist attractions. Rooms The hotel has 400 classic guest rooms,including one Western Presidential suite, one Chinese Presidential suite, and two private Executive Floors. Restaurants & Bars Among the hotel s renowned restaurants are bars are the Ahmi Cafe, Canton Court, Szechuan Court, Lobby Lounge, Ming Garden, Corner Bakery 63, and A CUT steakhouse. Meetings The hotel not only has a well-furnished business centre but offers 28 multi-functional conference rooms and banquet rooms, each with equipped with modern facilities and a unique high ceiling design. Facilities The hotel s facilities include a fitness centre, sauna, and outdoor swimming pool. Ambassador 7

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11 A CUT 牛排館 Ambassador 10

12 The Ambassador Hotel Taipei Ambassador 11

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14 The Ambassador Hotel Taipei Ambassador 13

15 The Ambassador Hotel Kaohsiung The Ambassador Hotel Kaohsiung is the only five-star tourist hotel in Kaohsiung nestled beside Love River. A warm, hospitable atmosphere leaves guests feeling they are home away from home. Exceptional service, fine cuisine and charming views make the hotel s restaurants and bars perennial favouritesof visitors to the city. Location The Ambassador Hotel Kaoshiungis located at the centre of Kaoshiung sfinancial district, near the scenic Love River. The hotel boasts captivating views of ShouShan, also known as Mt. Shouor Long-life Mountain. Rooms The hotel has 446 luxurious guestrooms, including one Presidential suite, 17 different types of suites, and one private VIP floor. Restaurants & Bars iriver,canton Court, Szechuan Court, Corner Bakery 63 Meetings Equipped with the latest Internet and video-conference facilities, the hotel has a fully featured business centre. The centre s large conference and banquet room can seat up to 1,000 people. Facilities The hotel features a health centre, a steam room, an outdoor swimming pool, and a billiard room. Ambassador 14

16 Ambassador The Ambassador Hotel Kaohsiung 15

17 The Ambassador Hotel Kaohsiung Ambassador 16

18 The Ambassador Hotel Hsinchu Hsinchu smost popular five-star hotel, the Ambassador Hotel Hsinchuis the destination of choice for visitors seeking luxury and style. It is renowned for its cultured ambience and atmosphere. And in keeping with its location in the heart of Hsinchu, Taiwan s city of technology, the hotel s first-class business services feature cutting-edge computers and Internet technology. Location The hotel is located in the heart of the city, within minutes ofthe HsinchuTrain Station and the North South Freeway. It is also within walking distance of shopping malls and the city s major attractions. Rooms The hotel has 257 guest rooms, including one Presidential suite and 15 different types of suite. Restaurants & Bars Among the hotel s renowned restaurants and bars are Chinese Restaurant, Promenade, A CUT steakhouse, Mezzanine, Le Bar. Meetings The hotel offers a fully featured business centre with well appointed conference rooms. With a spacious design of up to 230 pings and ceilings up to 7 metres, the business centre is the only one in Hsinchuwith seating for up to 1,000 people. Facilities The hotel has a health centre, spa, sauna, indoor heated swimming pool, aerobic room and fitness room. Ambassador 17

19 The Ambassador Hotel Hsinchu Ambassador 18

20 The Ambassador Hotel Hsinchu Ambassador 19

21 B. Financial Highlights Income Statement (Consolidated) (In Millions of NTD, Except EPS) Year 2018/1/1 To 6/ /1/1 To 6/30 Growth rate Item Amount % Amount % % Operating revenue 1, , Operating costs Gross profit from operations Operating expenses Net operating income Non-operating income and expenses Profit from continuing operations before tax Tax expense Profit from continuing operations EPS Ambassador 20

22 B. Financial Highlights Income Statement (Standalone) Year 2018/1/1 To 6/ /1/1 To 6/30 (In Millions of NTD, Except EPS) Growth rate Item Amount % Amount % % Operating revenue 1, , Operating costs Gross profit from operations Operating expenses Net operating income Non-operating income and expenses Profit from continuing operations before tax Tax expense Profit from continuing operations EPS Ambassador 21

23 B. Financial Highlights /1~6/ /1~12/30 American & European 9% Asia 22% Other 2% Demestic 30% Japan 37% American & European 8% Asia 24% Other 2% Demestic 30% Japan 36% Ambassador 22

24 B. Financial Highlights Number of passengers Hsinchu +1.4% -1.3% Kaohsiung +7.0% Taipei -3.2% Q2 2018Q2 Taipei Kaohsiung Hsinchu Ambassador 23

25 B. Financial Highlights 2013~2017 Number of passengers % +0.2% +2.5% -1.0% Hsinchu +8.1% +1.2% +8.9% +4.2% Kaohsiung +0.6% +5.0% +0.2% -5.3% Taipei +1.5% -4.8% +1.7% +1.5% Taipei Kaohsiung Hsinchu Ambassador 24

26 B. Financial Highlights Operating revenue v.s. Profit from continuing operations before tax v.s. EPS Item (In Millions of NTD) Operating revenue Net Income (Loss) Attributable To Shareholders of the parent EPS Growth Growth Growth Rate Rate Rate 1/1 To 9/30 1/1 To 9/30 % 1/1 To 9/30 1/1 To 9/30 % /1 To 9/3/1 To 9/30 % GFRT 5,125 5, AMBH 2,297 2, FDC 1, Chateau Source:TWSE Ambassador 25

27 B. Financial Highlights Item Hotel Revenue statistics (In Millions of NTD) Room Revenue Food & Beverage Revenue Growth rate 1/1 To 6/30 1/1 To 6/30 % 1/1 To 6/30 1/1 To 6/30 Growth rate % Hotel Royal Regent Hotel Grand Hotel Palais de Chine Hotel Taipei Ambassador Hotel Miramar Hotel Sheration Grand Hotel Howard Hotel Landis Taipei Source:Tourism Bureau, M.O.T.C. Republic of China Ambassador 26

28 B. Financial Highlights Item Hotel Revenue statistics (In Millions of NTD) Room Revenue Food & Beverage Revenue Growth rate 1/1 To 6/30 1/1 To 6/30 % 1/1 To 6/30 1/1 To 6/30 Growth rate % Ambassador Hotel Howard Hotel Kaohsiung Han-Hsien Hotel Hi Lai Hotel Sky Tower Hotel Source:Tourism Bureau, M.O.T.C. Republic of China Ambassador 27

29 B. Financial Highlights Revenue statistics Item Hotel (In Millions of NTD) Room Revenue Food & Beverage Revenue Growth rate 1/1 To 6/30 1/1 To 6/30 % 1/1 To 6/30 1/1 To 6/30 Growth rate % Sheration Grand Hotel Hsinchu Hotel Royal Ambassador Hotel Source:Tourism Bureau, M.O.T.C. Republic of China Ambassador 28

30 B. Financial Highlights Income Statement (Consolidated) (In Millions of NTD, Except EPS and Dividend) Year Growth rate Item Amount % Amount % % Operating revenue 3, , Operating costs 1, , Gross profit from operations 1, , Operating expenses Net operating income Non-operating income and expenses Profit from continuing operations before tax Tax expense Profit from continuing operations EPS Ambassador 29

31 B. Financial Highlights Income Statement (Standalone) Year (In Millions of NTD, Except EPS and Dividend) Item Amount % Amount % % Operating revenue 3, , Operating costs 1, , Gross profit from operations 1, , Operating expenses Net operating income Non-operating income and expenses Profit from continuing operations before tax Tax expense Profit from continuing operations EPS Growth rate Ambassador 30

32 B. Financial Highlights Unit: NT$ one hundred million Revenue (Standalone) Ambassador 31

33 B. Financial Highlights Unit: NT$ one hundred million 6.00 Profit before Income Tax (Standalone) Ambassador 32

34 B. Financial Highlights Balance Sheet (Consolidated) (In Millions of NTD) Year 2018/6/ /6/30 Item Amount % Amount % Current assets 3, , Long-term investment 1, , Property, plant and equipment 5, , Other non-current assets 1, Total assets 11, , Current liabilities 1, , Non-current liabilities Total liabilities 1, , Total equity 9, , Ambassador 33

35 B. Financial Highlights Balance Sheet (Standalone) (In Millions of NTD) Year 2018/6/ /7/30 Item Amount % Amount % Current assets 2, , Long-term investment 2, , Property, plant and equipment 5, , Other non-current assets Total assets 11, , Current liabilities 1, , Non-current liabilities Total liabilities 1, , Total equity 9, , Ambassador 34

36 B. Financial Highlights Assets Current assets Investment property, net Property, plant and equipment Intangible assets Deferred tax assets Other assets Total assets 2017 Balance Sheet (Consolidated) (In 100Millions of NTD, Except Book value per share) (2704) AMBH (2707) GFRT (2722) Chateau (2739) My Humble House (2748) FDC Amount % Amount % Amount % Amount % Amount % Source:TWSE Ambassador 35

37 B. Financial Highlights 2017 Balance Sheet (Consolidated) Liabilities Current liabilities Total long-term borrowings Deferred tax liabilities Other liabilities Total liabilities (In 100Millions of NTD, Except Book value per share) (2704) AMBH (2707) GFRT (2722) Chateau (2739) My Humble House (2748) FDC Amount % Amount % Amount % Amount % Amount % Source:TWSE Ambassador 36

38 B. Financial Highlights Non-controlling interests Total equity Equity Total capital stock Total capital surplus Total retained earnings Total other equity interest Total equity attributable to owners of parent Book value per share Source:TWSE 2017 Balance Sheet (Consolidated) (In 100Millions of NTD, Except Book value per share) (2704) AMBH (2707) GFRT (2722) Chateau (2739) My Humble House (2748) FDC Amount % Amount % Amount % Amount % Amount % Ambassador 37

39 C.Future Directions 1.Differentiated services 2.Innovation 3.Strengthen the competitiveness Ambassador 38

40 THE END Thank You! Ambassador 39

41 Q & A Ambassador 40