COMP MPANY ANY PROFILE FILE Informa rmati tion on as as a - - PowerPoint PPT Presentation
COMP MPANY ANY PROFILE FILE Informa rmati tion on as as a at YE14 14 To be A Leading Hospitality, Restaurant Operator and Lifestyle VISION Brand Retailer through the delivery of branded products and services that provide 100%
Customer Focus Result Oriented People Development Innovative Partnership
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Overview
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Overview Joint venture with In African Assets 50% stake in Thailand Founded RGR , MFG and MINOR listed M&A of RGR and MFG and became MFG launched Founded Launched 50% stake in 70% stake in Completed group business restructuring; Delisted 80% stake in
1978 1980 1988-9 2000 2001 2003 2008 2009 2010 2011 2012 2013 2014 2015
Launched 100% stake in Launched Acquired Increased stake to 31% in 50% stake in 95% stake in 80% stake in 49% stake in Acquired 11% stake in 50% stake of & Niyama, Maldives 80% stake in 25% Investment in Acquired remaining 30% stake in 25% Investment in Pemba, Matemo and Medjumbe 49% Investment in hotel & mixed use project in Maputo, Mozambique Acquired in Australia Acquired 6 hotels
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ASSETS TOTAL REVENUES MARKET CAP
Overview
20,000 30,000 40,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 THB Million
40,000 60,000 80,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
100,000 150,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
THB Million
THB Million
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Overview
Hotel
Management Spa Plaza & Entertainment Residential Development Point-Based Vacation Club Casual Dining Restaurants
Cheese & Ice-Cream Manufacturing HOTEL & MIXED-USE RESTAURANT
2014 REVENUE CONTRIBUTION
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2014 EBITDA CONTRIBUTION 2014 NPAT CONTRIBUTION 5Y AVG REVENUE CONTRIBUTION 5Y AVG EBITDA CONTRIBUTION 5Y AVG NPAT CONTRIBUTION
Overview Others 9% Restaurant 42% Hotel & Mixed-use 49% Others 4% Restaurant 32% Hotel & Mixed-use 64% Others 4% Restaurant 35% Hotel & Mixed-use 61% Others 10% Restaurant 44% Hotel & Mixed-use 46% Others 3% Restaurant 37% Hotel & Mixed-use 60% Others 2% Restaurant 43% Hotel & Mixed-use 55%
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Overview
UAE Brazil Namibia Zambia Mozambique Tanzania Kenya Portugal Egypt Saudi Arabia Botswana Lesotho Bahrain Qatar Kuwait Jordan Oman
Enhance profile, reputation & recognition with 126 hotels and serviced suites, 1,708 restaurant outlets and 55 spas in 35 countries.
Seychelles Maldives India Sri Lanka New Zealand Australia New Caledonia Indonesia Singapore Malaysia Cambodia Philippines Myanmar China Korea Laos Vietnam
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Hotel & Mixed-use
Thailand Outside Thailand
47 Oaks (43 Australia, 3 New Zealand & 1 Dubai)
THAILAND OUTSIDE THAILAND MAJORITY- OWNED JOINT VENTURE PURELY MANAGED MLR
* MLR is Management Letting Rights (Management of Serviced Suites)
3 Four Seasons 7 Anantara 1 St. Regis 6 Anantara 1 AVANI 1 Oaks 4 AVANI (Sri Lanka, Vietnam Botswana & Namibia) 1 Oaks (Australia) 6 Tivoli (2 Brazil & 4 Portugal) 3 Anantara (Maldives, Vietnam, Cambodia) 1 JW Marriott 1 Marriott 6 Anantara (2 Maldives, 1 Zambia, 3 Mozambique) 1 Per AQUUM (Maldives) 6 AVANI (1 Vietnam, 1 Sri Lanka, 1 Mozambique, 1 Zambia, 2 Lesotho) 8 Elewana (Africa) 1 Naladhu (Maldives) 1 Radisson Blu (Mozambique) 2 Serendib (Sri Lanka) 13 Anantara (2 Bali, 1 Vietnam, 3 China, 1 Qatar & 6 UAE) 2 AVANI (Malaysia & Seychelles) 1 Oaks (UAE) 3 Per AQUUM (Tanzania, Maldives & UAE)
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Hotel & Mixed-use
Hotel Name Country # Rooms
Anantara Bangkok Riverside Thailand 407 Anantara Siam Bangkok Thailand 354 Anantara Hua Hin Thailand 187 Anantara Golden Triangle Thailand 77 Anantara Bophut Koh Samui Thailand 106 Anantara Phuket Villas Thailand 83 Anantara Phuket Layan Thailand 77 Anantara Kihavah Villas Maldives 79 Anantara Hoi An Vietnam 94 Anantara Ankor Cambodia 39 AVANI Kalutara Sri Lanka 105 AVANI Quy Nhon Vietnam 63 AVANI Gaborone Botswana 196 AVANI Winghoek Namibia 173 Four Seasons Chiang Mai Thailand 76 Four Seasons Tented Camp Thailand 15 Four Seasons Koh Samui Thailand 60 JW Marriott Phuket Thailand 265 Pattaya Marriott Thailand 298 The St. Regis Bangkok Thailand 224 Oaks Grand Gladstone Australia 144 Tivoli Sao Paulo Brazil 220 Tivoli Ecoresort Praia do Forte Brazil 287 Tivoli Lisbao Portugal 306 Tivoli Marina de Villamoura Portugal 383 Tivoli Marina de Portmao Portugal 196 Tivoli Carvoeiro Portugal 293 Majority Owned 27 4,807
Hotel Name Country # Rooms
Anantara Veli Maldives 67 Anantara Dhigu Maldives 110 Anantara Bazaruto Island Mozambique 44 Anantara Medjumbe Mozambique 12 Anantara Matemo Mozambique 23 Royal Livingstone Hotel Zambia 173 AVANI Pemba Mozambique 184 AVANI Lesotho Lesotho 158 AVANI Maseru Lesotho 105 AVANI Bentota Sri Lanka 75 AVANI Victoria Falls Zambia 212 AVANI Haiphong Harbour View Vietnam 122 Club Hotel Dolphin Sri Lanka 154 Hotel Sigiriya Sri Lanka 79 Arusha Coffee Lodge Tanzania 30 Serengeti Migration Camp Tanzania 20 Tarangire Treetops Tanzania 20 The Manor at Ngorongoro Tanzania 20 Kilindi Zanzibar Tanzania 19 Serengeti Pioneer Camp Tanzania 12 Sand River Masai Mara Camp Kenya 16 AfroChic Diani Beach Kenya 20 Naladhu Maldives Maldives 20 NIYAMA by Per AQUUM Maldives 86 The Radisson Blu Maputo Mozambique 154 Joint Venture 25 1,935
Oaks Hotels & Resorts Australia 5,753 New Zealand 291 UAE 165
Management Letting Rights 47 6,209
Hotel Name Country # Rooms
Anantara Sikao Thailand 139 Anantara Baan Rajprasong Thailand 97 Anantara Lawana Koh Samui Thailand 122 Anantara Bangkok Sathorn Thailand 310 Anantara Rasananda Koh Phangan Thailand 64 Anantara Chiang Mai Thailand 84 AVANI Atrium Bangkok Thailand 568 Anantara Seminyak Bali Indonesia 60 Anantara Bali Uluwatu Indonesia 74 Banana Island Doha by Anantara Qatar 117 Desert Islands by Anantara UAE 64 Qasr Al Sarab Desert by Anantara UAE 206 Eastern Mangroves by Anantara UAE 222 Anantara Al Yamm UAE 30 Anantara Al Sahel UAE 30 Anantara Dubai The Palm UAE 293 Anantara Mui Ne Vietnam 90 Anantara Sanya China 122 Anantara Xishuangbanna China 103 Anantara Emei China 150 AVANI Sepang Goldcoast Malaysia 315 AVANI Seychelles Barbarons Seychelles 124 Oaks Bangkok Sathorn Thailand 115 Oaks Liwa Executive Suites UAE 54 Essque Zalu Zanzibar by Per AQUUM Tanzania 49 Huvafen Fushi by Per AQUUM Maldives 44 Desert Palm by Per AQUUM UAE 38 Purely Managed 27 3,684
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Hotel & Mixed-use
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Hotel & Mixed-use
AVANI is a response to an increasingly influential group of discerning travelers: those who appreciate good design and demand excellent service, but who also appreciate value for money.
Passionate, Visionary, Imaginative, Naturally Modern
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Hotel & Mixed-use
Lodges, Camps & Hotels in Harmony with Africa Much More than Just a Promise Inspired by a New Attitude
Oaks is one of the largest hotel and resort operators in Australia, with over 40 properties and 6,000 rooms under management throughout Australia, New Zealand, Thailand and UAE.
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Hotel & Mixed-use
Broome Oaks Broome Oaks Cable Beach Port Douglas Oaks Lagoons Townsville Oaks Gateway on Palmer Oaks M on Palmer
Australia
Auckland Oaks iStay Residences Queenstown Oaks Club Resort Oaks Shores Glenelg Oaks Liberty Towers Oaks Plaza Pier Melbourne Oaks on Collins Oaks on Lonsdale Oaks on Market Oaks on William Oaks on Pinnacle Oaks on WRAP Adelaide Oaks Embassy Oaks Horizons Oaks Precinct Sydney Oaks Goldsbrough Apartments Oaks Castlereagh Oaks Hyde Park Plaza Oaks Trafalgar Oaks Harmony Oaks Maestri Oaks Cypress Lakes The Entrance Oaks Waterfront Resort Port Stephens Oaks Pacific Blues Oaks Lure Sunshine Coast Oaks Seaforth Resort Redcliffe Oaks Mon Komo Ipswich Oaks Aspire Apartments Brisbane Oaks River City Oaks 212 Margaret Oaks Aurora Oaks Casino Towers Oaks Charlotte Towers Oaks Felix Oaks Festival Towers Oaks Lexicon Apartments Oaks Mews Bowen Hills Goldcoast Oaks Calypso Plaza
New Zealand
Caloundra Oaks Oasis Moranbah Oaks Moranbah Middlemount Oaks Middlemount Gladstone Oaks Grand Gladstone Mackay Oaks Rivermarque Dubai Oaks Liwa Heights Abu Dhabi Oaks Liwa Executive Suites
UAE
Bangkok Oaks Sathorn
Thailand
OAKS
*Audited revenue excluding mixed-use
AUD Occupancy THB Occupancy THB Occupancy
2014 REVENUE BREAKDOWN BY BRAND* MANAGED HOTELS OWNED HOTELS
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Revpar ADR Occupancy Revpar ADR Occupancy Hotel & Mixed-use Anantara, 24% Avani, 1% Oaks, 36% Four Seasons, 15% Marriott, 10% Others, 3% Share Profit, 3% Management fee, 9% 157 160 161 164 124 123 126 124 79% 77% 78% 76% 0% 20% 40% 60% 80% 50 100 150 200 2011 2012 2013 2014 4,735 5,377 6,035 6,385 7,028 2,691 3,133 3,977 4,372 4,168 57% 58% 66% 68% 59% 0% 20% 40% 60% 80% 2,000 4,000 6,000 8,000 10,000 2010 2011 2012 2013 2014 6,583 4,831 5,047 5,594 6,748 2,545 2,375 2,748 3,227 3,737 39% 49% 54% 58% 55% 0% 20% 40% 60% 2,000 4,000 6,000 8,000 10,000 2010 2011 2012 2013 2014 29% OF HOTEL & MIXED-USE REVENUES IN 2014 41% OF HOTEL & MIXED-USE REVENUES IN 2014 7% OF HOTEL & MIXED-USE REVENUES IN 2014 Revpar ADR Occupancy
Royal Garden Plaza Bangkok & Pattaya Turtle Village Phuket
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Hotel & Mixed-use
MINT also operates eight entertainment outlets
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Hotel & Mixed-use
Spa portfolio consists of 55 spas in 15 countries
Hotel Country Anantara Phuket Thailand Anantara Golden Triangle Thailand Anantara Hua Hin Thailand Anantara Bophut Koh Samui Thailand Anantara Lawana Koh Samui Thailand Anantara Bangkok Riverside Thailand Anantara Sikao Krabi Thailand Anantara Rasananda Thailand Four Seasons Bangkok Thailand JW Marriott Phuket Thailand Pattaya Marriott Thailand The St. Regis Bangkok Thailand Sheraton Krabi Beach Resort Thailand The Royal Orchid Sheraton Bangkok Thailand Anantara Chiang Mai Thailand Anantara Layan Thailand Anantara Bangkok Sathorn Thailand Anantara Angkor Cambodia Pullman Lijiang China Renaissance Shanghai Putuo China Sheraton Sanya Resort China The Puli Hotel & Spa China Anantara Sanya China Anantara Xishuangbanna China Anantara Emei China JW Marriott Cairo Egypt Anantara Seminyak Bali Indonesia Anantara Bali Uluwatu Indonesia Hotel Country Kempinski Ishtar Dead Sea Jordan Sheraton Seoul D Cube City Korea AVANI Sepang Goldcoast Malaysia Anantara Veli Maldives Anantara Kihavah Maldives Naladhu Maldives Anantara Dhigu Maldives NIYAMA by Per AQUUM Maldives Huvafen Fushi by Per AQUUM Maldives Avani Pemba Mozambique Anantara Bazaruto Island Mozambique Anantara Medjumbe Mozambique Anantara Matemo Mozambique Anantara Doha Island Qatar AVANI Bentota Sri Lanka Hyatt Regency Dar es Salaam Tanzania Meliá Zanzibar Tanzania Desert Islands by Anantara UAE Qasr Al Sarab Desert by Anantara UAE Emirates Palace Hotel UAE Anantara Dubai The Palm UAE Eastern Mangrove by Anantara UAE Desert Palm by Per AQUUM UAE Anantara Hoi An Vietnam Anantara Mui Ne Vietnam AVANI Quy Nhon Vietnam AVANI Hai Phong Harbour View Vietnam
MINT introduced “Anantara Vacation Club” (point-based vacation club project) in December 2010, with inventory in Samui, Phuket, Bangkok, Bali, Queenstown and China. Additional destinations will be added to the inventory over the years.
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Hotel & Mixed-use
14 luxury villas adjacent to Four Seasons Koh Samui THE RESIDENCES BY ANANTARA, LAYAN, PHUKET 15 uniquely designed pool villas adjacent to Anantara Phuket Layan Resort & Spa 53 residences & penthouses on top of 224 hotel rooms in a 47-storey building on Rajdamri
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Hotel & Mixed-use
ANANTARA CHIANG MAI SERVICED SUITES 44 units in 7-storey condominium building across from Anantara Chiang Mai Resort & Spa, expected to be launched in 2016
THB Million Revenue EBITDA NPAT
EBITDA Margin Net Margin
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Hotel & Mixed-use
2010 2011 2013
29.0% 29.6% 13.6% 8.3% 26.2% 9.1%
2012
5,870 12,657 16,390 17,977 19,328 1,735 3,313 4,535 5,206 5,647 485 1,158 1,940 2,449 2,669 27.7% 11.8%
2014
29.2% 13.8%
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Restaurant
THAILAND INTERNATIONAL # OF OUTLETS
322 306 387 42 20 14 53 413
Equity 196 Franchise 76
88 44
Ribs & Rumps
Equity 1 Franchise 49 Equity 125 Franchise 156 Equity 6 Franchise 19 Equity 43 Franchise
10 Franchise
230 Franchise 157 Equity
40 Franchise
2 Franchise
3 Franchise
71 Franchise 14 Equity 16 Franchise
14 Franchise 383 Equity
8 Franchise 6 Equity
44 Franchise
20 Franchise
692 Franchise 389 Total 1,081 Equity 156 Franchise 471 Total 627 Equity 848 Franchise 860 Total 1,708
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Equity 19 Franchise
Riverside
Two manufacturing plants producing over 20,000 tons of cheese and ice-cream per annum
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Restaurant
* Audited revenue
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SAME-STORE-SALES GROWTH
2013 REVENUE CONTRIBUTION
2014 REVENUE BREAKDOWN BY BRAND* TOTAL-SYSTEM-SALES GROWTH NUMBER OF OUTLETS
Restaurant
The Pizza Company, 22% Swensen's, 15% Sizzler, 14% Dairy Queen, 9% Burger King, 5% The Coffee Club, 3% Thai Express, 17% Riverside, 10% Others, 6% 1,148 1,257 1,381 1,544 1,708
800 1,200 1,600 2,000 2010 2011 2012 2013 2014 3.7% 9.0% 5.5% 1.5% 0.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 2010 2011 2012 2013 2014 9.8% 14.1% 15.1% 13.8% 13.1% 0.0% 5.0% 10.0% 15.0% 20.0% 2010 2011 2012 2013 2014
THB Million Revenue EBITDA NPAT
EBITDA Margin Net Margin
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Restaurant
* Excluding gain on reclassification of investment in S&P, netted off with impairment charge of China business
10,540 11,697 13,192 15,343 16,760 1,746 1,923 2,238 2,759 2,817 704 872 1,180 1,500 1,550 2010 2011 18.0% 16.6% 9.8% 7.0% 2012 16.4%* 7.4%* 17.0% 8.9% 2013 16.8% 9.2% 2014
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# Outlets
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# Outlets
18
fast-moving consumer goods FASHION APPARELS COSMETICS HOUSEHOLD ONLINE SHOPPING CONTRACT MANUFACTURING
100K Tons / Year
www.mysale.co.th
Retail Trading & Contract Manufacturing
# Outlets
127 29 8 10 78 5 TOTAL 257
THB Million Revenue EBITDA NPAT
EBITDA Margin Net Margin
27 SAME-STORE-SALES GROWTH TOTAL-SYSTEM-SALES GROWTH
Retail Trading & Contract Manufacturing
14.4% 14.6%
0.3%
0.0% 10.0% 20.0% 2010 2011 2012 2013 2014 16.8% 18.9% 14.6% 11.9% 3.8% 0.0% 10.0% 20.0% 2010 2011 2012 2013 2014 47
123 151 183 2010 2011 9.3% 5.7% 4.2% 1.7% 0.2% 2012
2,680 2,923 3,412 3,616 3,699 152 4 289 338 384 8.5% 3.6% 2013 10.4% 4.9% 2014
Since 2000, Thailand has gone through several challenges, driven by both domestic and global factors. Geographical diversification and new initiatives including mixed-use development have proven to mitigate the risks, with MINT reporting profit all along.
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Financial Highlights
(3,000) (1,500)
3,000 4,500 6,000
0% 15% 30% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 MINT's NPAT % Change in Private Consumption % Change in Tourist Arrival
Source: Office of The National Economic and Social Development Board and Bank of Thailand
MINT’s Diversification Strategy 2000 – 2005
Company and opened TPC and SZ in China
Maldives
with Marriott 2006 – 2009
Club Australia and Thai Express Singapore
Lanka and Elewana Africa
the Estates Samui
managed hotels in Bali and Abu Dhabi 2010 – 2014
China and Ribs and Rumps Australia
Vietnam, Cambodia, Zambia, Namibia, Botswana, Lesotho and Mozambique, in Oaks Hotels & Resorts Australia and 50% in Per AQUUM brand
Club, point-based timeshare project, and the second residential project, St. Regis Residence Pattaya Riot Airport Closure Tsunami Rajprasong Riot Bangkok Coup Flooding SARS Sub-prime Crisis Bangkok Shutdown
Coup THB Million
THB Million THB Million THB Million THB Million
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TOTAL ASSETS TOTAL REVENUE TOTAL EQUITY NET PROFIT
Financial Highlights
19,089 28,332 32,993 36,936 39,787
20,000 30,000 40,000 50,000 2010 2011 2012 2013 2014 1,236 2,880 3,423 4,101 4,402
2,000 3,000 4,000 5,000 2010 2011 2012 2013 2014 32,799 41,623 51,721 60,124 74,279
40,000 60,000 80,000 2010 2011 2012 2013 2014 13,756 14,935 19,062 26,875 30,024
20,000 30,000 40,000 2010 2011 2012 2013 2014
*Excludes gain from reclassification of investment in S&P and provision for investment in China, 2011 EBITDA and net margins would be 19.2% and 7.0% *Excludes gain from reclassification of investment in S&P and provision for investment in China, 2011 ROA and ROE would be 5.2% and 13.4%
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RETURN ON ASSETS EBITDA MARGIN RETURN ON EQUITY NET MARGIN
Financial Highlights
19.0% 21.9% 21.4% 22.5% 22.2% 0% 10% 20% 30% 2010 2011* 2012 2013 2014 6.5% 10.2% 9.8% 11.1% 11.1% 0% 5% 10% 15% 2010 2011* 2012 2013 2014 4.1% 7.7% 6.9% 7.3% 6.6% 0% 2% 4% 6% 8% 10% 2010 2011* 2012 2013 2014 9.6% 20.1% 19.1% 17.9% 15.5% 0% 5% 10% 15% 20% 25% 2010 2011* 2012 2013 2014
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CURRENT RATIO INTEREST-BEARING D/E DIVIDEND PER SHARE AND PAYOUT RATIO INTEREST COVERAGE
Financial Highlights
0.15 0.15 0.30 0.35 0.25 0.10 0.10 39.5% 44.8% 32.0% 33.5% 31.8% 0% 20% 40% 60%
0.20 0.30 0.40 2010 2011 2012 2013 2014 Cash Stock Payout Ratio x x x THB 1.0 1.3 1.3 0.9 1.1 0.0 0.3 0.6 0.9 1.2 1.5 2010 2011 2012 2013 2014 5.4 5.5 5.2 6.7 5.5 0.0 2.0 4.0 6.0 8.0 2010 2011 2012 2013 2014 1.1 0.9 1.1 1.0 1.0
0.4 0.6 0.8 1.0 1.2 2010 2011 2012 2013 2014
* 2011 EPS excludes gain from reclassification of investment in S&P. ** 2014 dividend payment is subject to shareholders’ approval at the Annual General Meeting of Shareholders to be held on April 3rd, 2015.
* **
SHAREHOLDING STRUCTURE SHAREHOLDERS’ RETURN
THB
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MANAGEMENT STRUCTURE
Corporate Information
10 20 30 40 50
2000 Investment Cash Dividend Stock Dividend Warrants Capital Gain YTD Value As of 31 Dec 2014 As of 26 Feb 2015 Minor Group 34% Foreign Funds 31% Osathanugrah Group 10% Thai Funds 14% Royal Family 4% Others 7%
1 2 3 4 5 6 7
Chairman and Group Chief Executive Officer
Chief Executive Officer of Minor Food Group
Chief Operating Officer of Minor International Chief Executive Officer of Minor Hotel Group
Chief People Officer of Minor International Chief Operating Officer of Minor Food Group Acting Chief Executive Officer of Minor Retail Group
Corporate Chief Financial Officer
Chief Commercial Officer and General Counsel
Vice President of Minor Food Group
We strive to help our people develop business and practical skills, and we reach out to develop the future generations of Thailand and the countries that are home to our businesses.
2. Engaging in end-to-end customer experience
The company is committed to ensure it delivers the best products to its customers in a socially responsible manner, whether it is in the form of product quality and safety or responsible media.
3. Committing to long-term & sustainable partnerships
One of MINT’s core values is “partnership” – we realize that the sustainability of our business cannot be achieved without the long-term and sustainable relationships with our partners.
4. Managing environmental impacts
MINT cares deeply about the community and the environment. The company continuously contributes to animal and wildlife conservation in ecosystems where it operates.
5. Fostering social responsible mindset
Sustainability cannot be achieved without being socially responsible. MINT promotes social responsibility and volunteer spirits among employees and stakeholders through its business operations and through various campaigns & activities.
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Corporate Information
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Corporate Information
2014 Award, Corporate Governance Asia Magazine
Stock Exchange of Thailand
Partnership Designation, American Chamber of Commerce
membership, in Hotels, Resorts & Cruise Lines Industry
Overall Performance & Corporate Hotel
Restaurant
Industries and Mines, Ministry of Industry
Dairy Queen: Top International Franchisee 2014 from International Dairy Queen Anantara Chiang Mai: “Gold List 2014” by Conde Nast Traveler