MBK Public Company Limited Key Performance Q1 2011/1212 Page 1
Disclaimer This presentation is made, furnished and distributed for information purposes only. Nothing in this release should be construed as either an offer to sell or the solicitation of and offer to buy or sell share in any jurisdiction. This presentation may include information which is forward-looking in nature. Forward-looking involve risks, uncertainties and other factors which may impact on the actual outcomes, include economic conditions in the markets in which MBK operates and general achievement of MBK business forecasts, which will cause the actual results, performance or achievements of MBK to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. Please be advised that this presentation may contain expectations and assumptions that are subject to change at any time. Results and future performance are not guaranteed and may differ from expectations. Page 2
Content Quarterly Highlight Company Overview Profile and Key Performance - Shopping Center Business - Hotel & Tourism Business - Golf Business - Real Estate Development Business - Rice Business - Finance Business - Other Business CAPEX Financial Highlight Q1 2011/12 Page 3
Quarterly Highlight Revenue up 14% to 2,055 Bt mil. Operating profit margin grew 3% YoY to 33.2%. ROE up 3.4% to 10.7% and ROA up 1.4% to 4.5% YoY. Page 4
Company Overview Page 5
Corporate info Background Paid-Up Capital Established in 1974; relisted on the SET since 1994; changing its name to MBK in 2003. Bt1,886.291 Mil(188.629 million shares @Par 10 baht) Market Cap. Bt16,600 Mil (88 Bt/share as of 31 October 2011) Dividend Policy Semi-Annually Major shareholders Patum Rice Mill and Granary Plc. (26%) Rating Thanachart Group (19.9%) State Street Bank and Trust Company For Australia (3.7%) Nortrust Nominees Ltd. (3.5%) A by Tris Rating. Page 6
Milestones The Nine opened Layana acquired Invested in Maldives (Resort) Paradise Park taken over (formerly Seri Center) 2011 Sheraton Krabi Beach Resort launched Plan Estate acquired 2008 2010 Established 1974 1985 PPB Hotel opened Relisted on SET 1994 Invested in ROH 1996 Mah Boon Krong Shopping Center opened 2001 2002 2003 2007 Invested In Siam Piwat Tinidee Hotel@ Ranong acquired Loch Palm Golf Course acquired Paradise Park relaunched Riverdale Golf Course opened T Leasing acquired Glas Haus Ratchada acquired Red Mountain Golf Course opened Apple Auto Auction operated Glas Haus Sukhumvit acquired Renewed lease agreement of MBK Page 7
Business Structure As of October 2011 Shopping Center Hotel & Tourism Golf Real Estate Development Rice Finance Other MBK Center Paradise Park (50%) Sheraton Krabi Beach Resort 50% Siam Piwat (30.7%) Siam Center Siam Discovery Siam Tower Siam Paragon (50%) The Nine Center Glas Haus Sukhumvit Glas Haus Ratchada Pathumwan Princess Hotel Tinidee Hotel @ Ranong Tinidee Hotel @Phuket Layana Dusit Thani Maldives, Mudhdhoo Island, Baa Atoll (30%) Royal Orchid Sheraton (29.7%) Dusit Thani (11.6%) Erawan Group (6.3%) Loch Palm Golf Course (72.6%) Red Mountain Golf Course (72.6%) Riverdale Golf Course Lam Luk Ka Golf and Country Club (25.3%) Plan Estate (72.6%) Crystal Lake (72.6%) Riverdale Residence New Condominium @ Ratchada Patum Rice Mill (74.5%) MBK-G T Leasing TCAP (9.9%) Max Asset (16.6%) Apple Auto Auction (50%) X-GEN Page 8
Profile and Key Performance Page 9
Shopping Center Business Page 10
Industry Overview : Retail Approximately 12,000 sq.m. was completed in Q3 2011 in the Suburban Bangkok Area The Nine Neighborhood Center. More than 260,000 sq.m. is schedule to be completed in Q4 2011. For example, Gateway Ekamai (90,000 sq.m.), Central Rama IX (89,600 sq.m.) and Terminal 21 (40,000 sq.m.). Page 11
Industry Overview : Retail The occupancy rate for retail in Bangkok is similar to the previous quarter. Small increases were registered in all areas for Q3 2011. Page 12
Shopping Center Business Profile Property MBK's Stake (%) Retail (sq.m.) Office (sq.m.) MBK Center 100.0% 92,000 MBK Tower 100.0% 18,000 Paradise Park 65.4% 90,000 The Nine Neighborhood Center 100.0% 12,000 9,000 Investment in Siam Piwat Siam Center 30.7% 19,000 Siam Discovery & Tower 30.7% 23,200 30,700 Siam Paragon 15.4% 186,010 Glas Haus Sukhumvit 100.0% 13,500 Glas Haus Ratchada 100.0% 8,200 Total 422,210 79,400 MBK's Net Stake 204,357 58,128 Page 13
MBK Center 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 Occupancy Rate (%) 99.8% 99.9% 99.5% 99.4% 99.8% The lease contracts of MBK Center tenants : to be expired in 2011/12^ = ~22%* to be expired in 2012/13^ = ~44%* Note : ^ fiscal year and * of total lettable space Average traffic of 84,000 visitors per day during weekdays and 97,000 visitors per day during weekend with foreign visitors accounting for 38%. (As of September 2011) Page 14
Siam Piwat (SPW) SPW's Stake (%) Business Retail (sq.m) Office (sq.m.) Branches Siam Center 100% Shopping center 19,000 Siam Discovery 100% Shopping center 23,200 Siam Tower 100% Office Building 30,700 Siam Paragon 50% Shopping center 186,010 Paradise Park 50% Shopping center 90,000 Loft 100% Gift shop 3 Page 15
Contribution of SPW 250 229 Bt Mil 200 150 134 141 126 100 50 ing Profit Shari Dividend 60 101 101 71 77 71 0 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 Profit Sharing Dividend Book Value = Bt1,272.69 Mil (under equity method as of September 2011) Page 16
Paradise Park Property Profile As of September 2011 Type Shopping Center Lettable Area 90,000 sq.m. Location Srinakarin Road Tenure Leasehold ended 2023 Storey 5 No. of Tenants 408 Investment Size Bt1,677 Mil Avg. OR 97% Target Customer A and B Reopening Date 24 August 2010 Page 17
The Nine Neighborhood Center Property Profile As of September 2011 Type Community Mall Lettable Area: Retail 12,000 sq.m. Office 9,000 sq.m. Location Rama IX Road Tenure Freehold Storey 2-4 No. of Tenants 128 Investment Size Bt1,200 Mil Target Customer B Opening Date 15 July 2011 Avg. OR 99.5% Page 18
The Nine Neighborhood Center Page 19
The Nine Neighborhood Center Page 20
The Nine Neighborhood Center Page 21
The Nine Neighborhood Center Page 22
Office Buildings Property : Glas Haus Building Location : Sukhumvit Rd. Tenure : Leasehold ended August 2020 Tenant : TBANK, UOB, GHB and PST Lettable area : 13,500 sq.m. Acquired : June 2007 Investment Size : Bt290.5 Mil Avg. OR : 88.7% Property : Glas Haus Ratchada Location : Ratchada Rd. Tenure : Leasehold ended February 2024 Tenant : TBANK Lettable area : 8,200 sq.m. Acquired : June 2010 Investment Size : Bt208 Mil Avg. OR : 100% Page 23
Shopping Center Business Revenue Breakdown 706 million baht 845 million baht Q1 2010/11 Q1 2011/12 GLAS HAUS OFFICE 5.61% SPW 9.81% GLAS HAUS OFFICE 3.69% THE NINE 3.22% SPW 7.71% PDP 22.93% MBK 61.66% PDP 26.54% MBK 58.84% Page 24
Hotel & Tourism Business Page 25
Hotel Business Profile Property Location : Pathumwan Princess Hotel (PPB) : Sitting adjacent to MBK Center and opposite Siam Square. : 4 star : 455 keys Grade Room Capacity Tenure : Leasehold ended 2033 Operate : 1996 Property : Sheraton Krabi Beach Resorts (SKBR) Location : Krabi Province Grade : 5 star Room Capacity: 246 keys Tenure : Freehold Operate : 2003 Page 26
Hotel Business Profile (Con.) Property : Tinidee Hotel @Ranong (TNDR) Location : Ranong Province Grade : 3 star Room Capacity : 138 keys Tenure : Freehold Acquire : 2002 Property : Tinidee Hotel @ Phuket (TNDP) Location : Loch Palm Golf Course, Phuket Grade : 3 star Room Capacity: 47 keys Tenure : Freehold Operate : 2010 Page 27
Hotel Business Profile Property Location Investment size : : Layana Resort & Spa : Koh Lanta Yai Island in Mu Koh Lanta National Park. About 2 hours of Krabi International Airport. 330.5 Bt Mil. Room Capacity : 50 keys Tenure : Freehold Acquire : April 2011 Room rate ADR : Bt3,314 Avg. OR : 40% Page 28
Hotel Business Profile Page 29
Hotel Business Profile Page 30
Hotel Business Profile Page 31
Hotel Business Profile Company : Royal Orchid Hotel (Thailand) Plc. (ROH) Location : 2 Captain Bush Lane, New road, Bangrak, Bangkok Business : Owns a 455-key hotel at the bench of Chaopraya River managed by Starwood Book Value : Bt502 Mil (at market value as of September 2011) Stake : 29.7% (as of September 2011) Dividend : - Proceeds Page 32
Hotel Business Profile Company Business : Dusit Thani Plc. (DTC) : Owns and manage 16 properties with 4,252 keys in total in Thailand and overseas under its own hotel brands: Dusit Thani, Dusit Princess, dusitd2, Dusit Devarana and Dusit Residence Book Value : Bt337 Mil (at market value as of September 2011) Stake : 11.6% (as of September 2011) Dividend : - Proceeds Page 33
Hotel Business Profile Company : The Erawan Group Plc. (ERW) Business : Owns 15 properties countrywide with 3,347 keys in total and operates under varied international hotel managements namely: Grand Hyatt, JW Marriott, A Luxury Collection, Renaissance, Courtyard, Holiday Inn, Mercure and ibis Book Value : Bt320 Mil (at market value as of September 2011) Stake : 6.3% (as of September 2011) Dividend : - Proceeds Page 34
Hotel Operating Performance Average Occupancy Rate (Percent) 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 Patumwan Princess Bangkok (455 keys) 90.57% 74.97% 57.09% 65.11% 52.72% 80.07% Sheraton Krabi Beach Resort (246 keys) 54.99% 43.32% 45.21% 53.40% 29.21% 44.77% Tinidee Hotel Ranong (138 keys) 56.18% 57.88% 62.30% 64.56% 64.74% 50.03% Layana Resort & Spa (50 keys) N/A N/A N/A N/A N/A 39.90% Total Group 74.81% 60.98% 54.33% 61.59% 47.80% 59.18% Average Room Rate (Baht/Room/Night) Patumwan Princess Bangkok 3,038 3,201 2,923 2,825 2,715 2,890 Sheraton Krabi Beach Resort 3,973 4,217 4,274 4,229 2,975 2,668 Tinidee Hotel Ranong 712 692 671 670 632 669 Layana Resort & Spa N/A N/A N/A N/A N/A 3,097 Total Group 2,985 3,004 2,837 2,810 2,298 2,582 Average RevPAR (Baht/Room/Night) Patumwan Princess Bangkok 2,752 2,399 1,669 1,839 1,431 2,314 Sheraton Krabi Beach Resort 2,185 1,827 1,933 2,258 869 1,194 Tinidee Hotel Ranong 400 400 418 433 409 335 Layana Resort & Spa N/A N/A N/A N/A N/A 1,236 Total Group 2,233 1,832 1,541 1,731 1,098 1,636 Page 35
Hotel and Tourism Business Revenue Breakdown 158 million baht 231 million baht Q1 2010/11 Q1 2011/12 TNDR 8.92% TNDR 6.23% LAYANA 5.98% SKBR 19.90% SKBR 19.16% PPB 71.18% PPB 68.63% Page 36
Golf Business Page 37
Golf Business Profile Property Location Hole : Loch Palm Golf Course (LPGC) : 500 rai of land in Kratu District, Phuket : Standard 18-holes golf course (par 72) Property Location Hole : Red Mountain Golf Course (RMGC) : 600 rai of land in Kratu District, Phuket : Standard 18-holes golf course (par 72) Page 38
Golf Business Profile Property : Riverdale Golf Course (RDGC) Location : 360 rai of land in Muang Pathum Thani District, Pathum Thani. The landscape includes several large lakes, sloping hills and gently rolling fairways. Offer challenging experience and a test to every level of gofer. Hole : Standard 18-holes golf course (par 72) Page 39
Lam Luk Ka Golf Course Location Hole Facilities Stake : 1,500 rai of land in Lam Luk Ka Klong 11, Pathum Thani. : Standard 2 golf courses 36 Holes. 18-Holes East (Championship) Course and 18-Holes West (Resort) Course. : Restaurant, Swimming pool, Locker rooms, Function rooms, Driving range, Chipping green, Putting green and Pro shop : MBK invested 25.33% in common shares or Bt169.40 Mil with intention to increase stake up to 30%. (as of October 2011) Page 40
Lam Luk Ka Golf Course Page 41
Lam Luk Ka Golf Course Page 42
Golf Operating Performance LPGC 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 No. of Golfer (Rounds) 52,078 44,873 44,432 39,271 8,468 6,925 Avg. Green Fee per Golfer (Baht) 1,158 1,274 1,303 1,541 1,198 1,377 RMGC 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 No. of Golfer (Rounds) 12,949 15,687 16,624 18,697 2,498 3,446 Avg. Green Fee per Golfer (Baht) 2,526 2,834 2,922 2,934 2,456 2,830 RDGC 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 No. of Golfer (Rounds) N/A N/A N/A 40,711 8,455 10,592 Avg. Green Fee per Golfer (Baht) N/A N/A N/A 1,264 1,022 1,278 Page 43
Golf Business Revenue Breakdown 59 million baht 64 million baht Q1 2010/11 Q1 2011/12 RDGC 39.43% LPGC 33.07% RDGC 40.12% LPGC 30.28% RMGC 27.50% RMGC 29.60% Page 44
Real Estate Development Business Page 45
Existing Residential Project Profile Project Name Presales 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 Baan Suan Loch Palm (Bt Mil) 123.35 64.78 17.30 8.34 8.34 - (Units) 14 5 2 1 1 - Indy I (Bt Mil) - 126.40 12.71 - - - (Units) - 36 3 - - - Indy II (Bt Mil) - - 75.49 16.85 - - (Units) - - 16 4 - - Sabai Village (Bt Mil) - - - 233.09-24.64 (Units) - - - 95-11 Total (Bt Mil) 123.35 191.18 105.50 258.28 8.34 24.64 (Units) 14 41 21 100 1 11 Project Name Transfers 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 Baan Suan Loch Palm (Bt Mil) 250.37 103.43 25.66 20.14 8.34 - (Units) 25 7 3 2 1 - Indy I (Bt Mil) - 126.40 12.71 - - - (Units) - 36 3 - - - Indy II (Bt Mil) - - - 80.21 64.79 12.03 (Units) - - - 17 14 3 Sabai Village (Bt Mil) - - - - - (Units) - - - - - Total (Bt Mil) 250.37 229.83 38.37 100.35 73.13 12.03 (Units) 25 43 6 19 15 3 Page 46
Existing Residential Project Profile Property : Baan Suan Loch Palm @ Phuket Location : the edge of loch Palm Golf club in Kathu, Phuket. Price : Bt 22 Mil Type : Single Detached House No. of Units : 60 Property Location Price Type No. of Units : 28 : The PANO @ Phuket : Situated in the heart of Loch Palm Golf Course at the 13 th,14 th and 15 th hole area, Phuket : Bt 23.9-51.7 Mil : Single Detached House Page 47
Existing Residential Project Profile Property Location Price Type No. of Units : 59 : The Indy II @ Phuket : Kao-kaew, Phuket : THB 4.5-12.5 M : Single Detached House, Duplex and Townhouse Property : Sabai Village @ Phuket Location : Kathu soi 6, Phuket Price : THB 2-3 M Type : Town house,twin No. of Units : 119 Page 48
Existing Residential Project Profile As of Sep 2011 Project Name Total Average % Remaining Remaining Year Project Total Unit of sold Unsold Unsold Value Launch Value Units Price Total Units (Units) (Bt Mil) (Bt Mil) (Bt Mil) Baan Suan Loch Palm 2007 748.90 60 12.48 83% 10 195.42 The Indy 2007 139.00 39 3.56 100% - - The Indy II 2010 361.50 59 6.13 34% 39 269.16 Pano 2010 1,020.00 28 36.43 0% 28 1,020.00 Sabai Village 2010 270.74 119 2.28 89% 13 13.00 Sabai Village II 2011 485.50 122 3.98 0% 122 485.50 18A 2011 450.20 49 9.19 0% 49 450.20 Riverdale Residence 2011 855.00 44 19.43 0% 44 855.00 Sum 4,330.84 520 8.33 41% 305 3,288.28 Page 49
Finance Business Page 50
Finance Business Profile Company : MBK Guarantee (MBK-G) Location : 8 th floor MBK Center Type : Offering financing against collateral in Bangkok and key tourist provinces with acceptable LTV. Portfolio size : Bt2,159 Mil (as of September 2011) Company : T Leasing (TLS) Location : 5 th floor Thanachart Building, Rama VII Road. Type : Operating motorcycle hire purchase in Bangkok and suburban area. Portfolio size : Bt944 Mil (as of September 2011) Page 51
Finance Business Profile Name Location Business Book Value : Thanachart Capital Plc. : MBK Tower : Holding Company of Tbank and other related financial institutions : Bt3,632 Mil (at market value as of September 2011) Portfolio size : Bt674,879 Mil (as of September 2011) Stake : 9.9% Dividend : - Proceeds Name Location Business Book Value : Max Asset Management : MBK Tower : Acquire NPA and NPL from financial institutions to manage restructure the collection and foreclose mortgage : Bt325 Mil (under equity method as of September 2011) Portfolio size : Bt946 Mil (as of September 2011) Stake : 16.6% Dividend : Bt33.2 Mil (2011/12) Proceeds Page 52
Other Business Page 53
Other Business Profile Company Location Business Investment Size: Bt45 Mil Stake : 50% : Apple Auto Auction (AAA) : Bangna-Trad Km.4 Rd : Car and motorcycle auction company with genuine on-line auction service Company : X-Gen Premium (X-GEN) Location : Bangkae Business : Motorcycles dealer Investment Size: Bt27 Mil Stake : 100% Page 54
CAPEX Bt mil Business 2011/12 2012/13 2013/14 Total Shopping 391 479 232 1,102 Hotel 214 183 97 494 Golf 90 18 21 129 Real estate 90 212 172 475 Others 9 1 1 11 795 893 523 2,211 Page 55
Future Projects 55 Market, community mall close to PDP (50% JV) Hotel @ Maldives (30% stake) Condominium @ Ratchada Soi 17 Riverdale Residence More Residential Projects in Phuket Page 56
Financial Highlights Page 57
Ratio Analysis for Shareholders Financial Ratios 2007/08 2008/09 2008/09 (Adj) 2009/10 2010/11 Q1 2010/11 Q1 2010/11 Operating Profit Margin 40.81% 40.05% 40.05% 33.27% 32.82% 30.22% 33.18% ROE 14.85% 12.64% 14.64% 26.32%* 11.30% 7.28%** 10.65%** ROA 7.49% 5.75% 6.34% 10.82%* 4.70% 3.11%** 4.5%** Dividend Yield 5.96% 7.73% 7.73% 6.94% 5.11% N/A N/A Price to book value 1.05 0.76 1.02 0.93 1.26 1.11 1.23 Price to earnings 7.26 6.36 6.36 4.07 11.46 16.13** 11.57** Note: * Including gain on marketable securities sale ** Annualized Page 58
Balance Sheet 30,000 25,000 20,000 20,887 24,654 20,413 26,682 28,430 27,476 Bt Mil 15,000 10,000 10,572 12,456 10,315 12,198 11,181 9,232 14,605 15,790 12,077 12,640 14,730 12,746 5,000 0 2007/08 2008/09 * 2008/09(Adj) 2009/10 2010/11 Q1 2011/12 Asset Liabilities Shareholders'Equity Note: *For comparison purpose with previously reported only adjusted real estate investment from fair value to historical cost. Page 59
Income Statement 9000 8000 8,573 8,337 7000 6,282 6,434 2,233 6000 Bt mil 5000 4000 3000 2000 1000 0 2,564 1,402 2,577 1,308 4,434 6,340 2,233 2,547 1,582 2,201 965 2,736 1,293 1,805 2,055 547 215 666 314 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 Total Revenue EBITDA Net Profit Gain on marketable securities sale Page 60
Revenue breakdown 9,000 8,000 7,000 6,000 5,000 6,283 6,435 372 586 120 438 337 8,573 2,233 118 426 233 8,337 214 605 298 125 2,547 Gain on marketable securities sale Others Finance Real Estate Rice Golf Hotel & Tourism Shopping Center l Bt mil 4,000 1,943 1,865 2,215 310 3,000 171 1,176 182 940 197 820 952 2,000 1,000 0 1,951 2007/08 2,520 2008/09 2,323 2009/10 3,411 1,805 55 101 38 143 541 111 45 577 59 64 156 270 783 2,055 918 2010/11 Q1 2010/11 Q1 2011/12 Page 61
Revenue breakdown Q1 2010/11 Q1 2011/12 Golf 3% Real Estate 6% Rice 30% Hotel & Tourism 9% Finance Others 6% 3% Shopping Center 43% Golf 3% Real Estate 2% Rice 28% Hotel & Tourism 13% Finance 7% Others 2% Shopping Center 45% Total revenue = Bt1,805 million Total revenue = Bt2,055 Million Page 62
EBITDA Breakdown 4,500 4,434 4,000 Bt mil 3,500 3,000 2,500 2,000 1,500 2,564 2,577 259 119 346 75 118 221 52 517 300 97 70 52 2,233 345 125 255 17 26 46 2,736 170 125 118 303 0.4 20 Gain on marketable securities sale Others Finance Real Estate Rice Golf Hotel & Tourism Shopping Center 1,000 500 0 1,321 1,594 2007/08 2008/09 2009/10 1,386 2,000 547 666 30 15 59-0.2 73-1 1 10 74 12 387 31 507 15 2010/11 Q1 2010/11 Q1 2011/12 Page 63
Operating Profit Margin Operating Profit Margin (%) 60.00% 50.00% 40.81% 40.05% 40.00% 30.00% 33.26% 32.82% 30.22% 33.18% 20.00% 10.00% 0.00% 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 Page 64
Return on Assets and Equity 30.00% 25.00% Bt mil 20.00% 15.00% 10.00% 5.00% 0.00% 14.85% 7.49% 12.64% 14.64% 5.75% 6.34% 17.27% 11.30% 6.72% 4.70% 9.05% 4.10% 3.11% 7.28% 4.50% 10.65% 2007/08 2008/09 2008/09 (adj) * 2009/10 2010/11 Q1 ** 2010/11 Q1 ** 2011/12 ROA (%) ROE (%) Gain on marketable securities sale Note: * For comparison purpose with previously reported only adjusted real estate investment from fair value to historical cost. ** Annualized Page 65
EPS 18.00 16.00 14.00 Ba aht 12.00 10.00 8.00 6.00 9.26 8.64 10.45 8.54 4.00 2.00 0.00 6.37 1.42 2.07 2007/08 2008/09 2009/10 2010/11 Q1 2010/11 Q1 2011/12 EPS Gain on sales (Marketable securities) Page 66
Dividend 5.00 4.00 3.00 3.75 4.00 4.25 2.00 2.00 2.25 4.75 2.50 5.00 2.50 Baht 2.00 1.00 0.00 1.75 2.00 2.00 2.25 2.50 2006/07 2007/08 2008/09 2009/10 2010/11 DPS : interim DPS : final Page 67
Major shareholders As of September 27,2011 Name Number of shares % 1. PATUM RICE MILL AND GRANARY PUBLIC COMPANY LIMITED GROUP 49,924,953 26.47% PATUM RICE MILL AND GRANARY PUBLIC COMPANY LIMITED 47,424,953 25.14% PRG. GRANARY COMPANY LIMITED 2,500,000 1.33% 2. THANACHART CAPITAL PUBLIC COMPANY LIMITED GROUP 37,537,209 19.90% THANACHART CAPITAL PUBLIC COMPANY LIMITED 18,856,209 10.00% THANACHART LIFE INSURANCE CO.,LTD. 7,684,200 4.07% THANACHART SECURITIES PUBLIC COMPANY LIMITED 7,560,300 4.01% THANACHART INSURANCE CO.,LTD. 3,436,500 1.82% 3. STATE STREET BANK AND TRUST COMPANY FOR AUSTRALIA 7,050,900 3.74% 4. NORTRUST NOMINEES LTD. 6,643,200 3.52% 5. MR.YONGSAK KANATHANAVANICH 4,421,400 2.34% 6. DBS BANK A/C DBS NOMINEES-PB Clients 3,598,400 1.91% 7. AMERICAN INTERNATIONAL ASSURANCE COMPANY, LIMITED-APEX 3,086,400 1.64% 8. THAI NVDR CO.,LTD 3,009,100 1.60% 9. THANACHART EMPLOYEE SAVINGS AND CREDIT COOPERATIVES.,LTD 3,000,000 1.59% 10. MS. SINEE THIENPRASIDDHI 2,550,233 1.35% Page 68
Thank You For further enquiries, Contact MBK Investor Relations : E-mail : inv@mbk-center.co.th Tel : (66 66)2620-7120 Website : www.mbk-center.co.th Page 69