Central Pattana Public : Earning Release FY2021

21 February 2022

Amidst headwinds, Central Pattana maintains a resilient performance in 2021 with revenues at 28.9 billion baht and net profit of 7.1 billion baht and progresses the development of mixed-use projects for sustainable long-term growth

Bangkok: Central Pattana plc reported its 2021 revenues at 28.977 billion baht, with a net profit of 7.148 billion baht, underlining its resiliency and professionalism amidst the challenges from the COVID-19 situation. The swiftness and flexibility in adapting business strategies in various circumstances, as well as a disciplined approach to cost management, are a few key factors in maintaining its profitability. Moreover, the Company is progressing with new project development, such as Central Chanthaburi in the second quarter of 2022, and upholds the interest of its stakeholders under the Company purpose of 'Imagining Better Futures for All' - striving to create a sustainable future for everyone.

Ms. Naparat Sriwanvit, Chief Financial Officer of Central Pattana, said: "2021 was another challenging year for Central Pattana due to the impact of COVID-19 situation, which persisted throughout the year and affected the lifestyles of citizens and many businesses more so than in the previous year where the situation intensified at certain intervals. Despite the challenges, Central Pattana carried out its best efforts with utmost professionalism to adjust strategies to cope with various situations as well as cost-effective management implementation to minimize the impact on company performance and to maintain the interests of all stakeholders. As a result, the financial performance in 2021, although declined from the previous year, remains resilient and came within the Company's expectation.

In addition, the Company has continuously and comprehensively provided support for all stakeholders: For Partner shops and entrepreneurs- offering rental discounts and providing assistance according to the situation, increasing liquidity for business partners, supporting access to rehabilitation loans with leading bank partners, organizing campaigns to help to drive sales for all shop categories as well as developing new platforms such as CRM Tools and applications to fully support shop partners. For customers- facilitating customers and shop partners during lockdowns with modern platforms that connect all services in shopping centers and omnichannel sales channels e.g. Call-Click-Chat,Drive-Thru and Delivery services, etc. For communities and country- providing support to SMEs, farmers and various occupation groups affected by COVID-19 by opening free space to sell their products, organizing major economic stimulus campaigns (Thais Help Thais), supporting eating/shopping/spending and traveling in Thailand and helping spur the tourism industry as a whole as well as cooperating with the government to create a model of safe shopping centers as vaccination centers at 23 Central shopping centers nationwide to help distribute vaccines to people in the country.

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Despite numerous challenges, 2021 went down as another landmark year for Central Pattana with the opening of new projects, i.e. Central Si Racha and Central Ayutthaya, which received excellent feedback, as well as the successful acquisition of Siam Future Development Public Company Limited (SF), the operator of high-quality community malls and a joint-operator in Mega Banga, a leading super-regional mall, together with a world-class operator like IKEA, to reinforce the Company's long-term growth. Moreover, Central Pattana remains the only real estate company in Thailand that has been listed as a member of the Dow Jones Sustainability Indices (DJSI) in DJSI World for four consecutive years and in DJSI Emerging Markets for eight consecutive years. This reinforces its leading position in Thailand's real estate industry and as a global sustainable organization that operates business with a mission to support all stakeholders and be responsible for the environment, communities and society for sustainable development and growth for all."

Central Pattana's business direction for 2022 is to continue opening new projects as planned, including Central Chanthaburi, which is scheduled to open in the second quarter of the year, enhancement projects for CentralWorld, Central Rama 2 and Central Ramintra to name a few, and expansion into mixed-use development projects, such as offices, hotels and residential development. In addition, Dusit Central Park, which is a co-development project between Central Pattana and Dusit Thani plc, will gradually welcome customers from 2023-2024 onwards.

Central Pattana currently operates 36 shopping centers, with a total leasable area of 1.9 million m2 (15 projects in Bangkok and perimeter, 20 projects in provincial Thailand and 1 project in Malaysia), a super-regional mall under a joint-venture and 18 community malls. In addition, the company operates 32 food courts, 10 office buildings, 2 hotels, 22 residential projects comprising condominiums under the brands: ESCENT, ESCENT VILLE, ESCENT PARK VILLE, PHYLL, and BELLE GRAND RAMA 9, and low-rise projects under the brands: ESCENT TOWN (Townhome), ESCENT AVENUE (Home offices), Ninya Kallapaphruek (Semi- detached housing), Niyam Baromrajchonnee Project (luxury housing estate) and multi-formatlow-rise projects under the brand NIRATI in Chiang Rai, Bang Na and Donmueang.

For investment plans and business goals moving forward in the next five years (2022-2026), Central Pattana has modified investments and new project development plans that have not yet been announced. These include mixed-use and residential projects as well as improving existing assets to increase their value. The company also plans to continue with its cost- effective management to maintain financial liquidity in order to prepare for uncertain situations. The company will continue to study other investment opportunities, acquisitions and overseas investments in Southeast Asian countries such as in Malaysia and Vietnam. Central Pattana will also study investment opportunities in new businesses with high-growth potential in order to expand new revenue streams in line with targeted growth plans for a sustainable future.

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For more information, please contact

Public Relations Department, Central Pattana Public Company Limited.

Tatthep (Aum) Tel. [phone] Email: [e-mail] Kwanjai (Jai) Tel. [phone] Email: [e-mail]

Email: [e-mail] / Website: http://www.centralpattana.co.th

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