Milestone - centel.listedcompany.com€¦ · Introduced Mister Donut 1983 Centara Grand at Central...
Transcript of Milestone - centel.listedcompany.com€¦ · Introduced Mister Donut 1983 Centara Grand at Central...
Central Plaza Hotel Public Company Limited
Milestone
1978Introduced Mister Donut
1983Centara Grand at Central Ladprao(1st Hotel)
1990Listed in the SET Thailand
1998Franchisee of Auntie Anne's
2007Rebranded to Centara Hotels & Resorts Centara Grand @ Central World Intoduced Pepper Lunch
2008Set up Leasehold
Property Fund (CTARAF)
2009Centara Grand Mirage, Pattaya Centara Grand Maldives(1st overseas property)
2010The Terrace, Chabuton,
Cold Stone,Centara Grand Phuket
2011Acquired Ootoya Introduced Yoshinoya
2013Centara Maldives
(2nd hotel in the Maldives)Introduced Tenya
2014Received a Royal Warrant of appointment(1st hotel in Thailand)Introduced Katsuya
2019
Fact Sheet Q1/2019
1984Authorized franchisee of KFC
1986Centara Grand Hua Hin
Developed owned brandAroi Dee and Suki House
2017Cosi Samui (1st COSI brand)
Obtained leasehold right tooperate Centra Chaeng Wattana
The performance represented is historical and that past performance is not a reliable indicator of future results. Forward-looking statements in this document are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and circumstances. The views, analyses, and opinions expressed herein contain some information derived from publicly available sources and third party information providers. No representation or warranty is made as to the accuracy, completeness, or reliability of such information. This document should not be relied upon as any recommendation, view, opinion, representation or forecast of “Central Plaza Hotel Plc.” Nothing in this document should be construed as either an offer to sell, a solicitation of an offer to buy or sell shares or any type of securities in any jurisdiction. This presentation is not intended to be any type of investment advice and must not be relied upon as such. You must always seek the relevant professional advice before otherwise making any such financial, legal or commercial decisions.
Central Plaza Hotel Public Company Limited
Centara Hotels and Resorts is a leading Thailand-based hotel chain. Currently, it has hotels in operations and under constructions in a total of 70 hotels, more than 13,000 rooms both owned and managed hotels in 12 countries under 6 owned brands, “Centara”, ranging from 5-star to affordable lifestyle category.
Central Restaurant Group Co.,Ltd. (CRG) is one of the leaders in Thailand’s chain restaurant industry. Currently, it has 10 franchises and 3 own brands more than 1,000 outlets nationwide.
Hotel Business
Food Business
To be the leading global hospitality group of Thai origin
Being a leading QSR operator in Thailand with presencein regional markets
Our BusinessHotel Business
Dividend
Stock information
Shareholding Structure
As of 16 May 2019
May Jun Jul Aug Sep Oct Nav Dec Jan Feb Mar Apr May
Last Price
36.00 52-Week High/Low
33.33%/-1.4%Market Cap (THB mn)
48937.5Market Cap (USD mn)
1540.41Free Float (%)
86.04%
Others
Q1/2018 Q1/2019
KrabiSamuiHuahinPattayaPhuketMaldivesBangkok
Bangkok
Upcountry
Hotel Revenue Breakdown
* Including owned hotel JV and property fund As of March 2019
Hotel Performance
Food business TSS & SSS
Hotel Business Pipeline
Q1/2018 Q2/2019 Q3/2018 Q1/2018 Q1/2019 Q1/2018 Q2/2019 Q3/2018 Q1/2018 Q1/2019
Same store sale (SSS) and Total system sale (TSS)
of hotel revenuefrom Thailand
Same store sale (SSS): Bangkok vs Upcountry
Summary of pipline 2019E - 2022E
BaliCambodiaChinaDohaDubaiLaosMaldivesTurkeyThailand
210240596509601578541449
2,190*
5,914
2.0%
1.9%
29.9
%29
.8%
86%Thailand
55%Owned
65%Thailand
41%Owned
-0.6%-1.7%
-3.8%
-1.6%-0.9%
-1.7%-1.7%
-4.1%-3.6%
7.9%10.0%
12.5%
6.5%
3.4%
1.4%
0.5%
3.3%
2.1%
0.0%
2.6%
2014 2015 2016 2017 2018
Dec-14 Dec-15 Dec-16 Dec-17 Dec-18
7.8% CAGR
In operation by rooms* Including owned hotel JV and property fund As of March 2019
Total portfolio by rooms
82%
Hotel revenuebreakdown by region
Food Business
KFC / (+7.5% yoy)
Mister Donut / (-13.8% yoy)
Auntie Anne's / (+1.1% yoy)
Others / (+6.1% yoy)
OOTOYA / (+2.9% yoy)
Food Revenue Breakdown Food outlet portfolio
Q1/2019
RoomsTotal
Chirathivat Family 61.9%
Retails 13.4%
Foreign Institution 11.7%
Local Institution 12.9%
AsiaTurkeyMaldivesThailandCambodia
Total 29 Hotels : As of March 2019
Revenue by LocationNumber of outlets by location
Grand total 1,003 outlets +11.6% yoy
KFC 57%
Mister Donut 14%
OOTOYA 8%
Auntie Anne's 7%
Others 14%
64%Upcountry
KFC
Mister Donut
Auntie Anne’
Ootoya
Pepper Lunch
The Terrace
269
365
172
46
42
9
Outlets Outlets%Change yoy %Change yoy
9.3%
8.3%
16.2%
4.5%
27.3%
-%
Chabuton
Yoshinoya
Tenya
Katsuya
Cold Stone
Aroi Dee
19
22
10
28
18
3
5.6%
37.5%
42.9%
33.3%
-10.0%
na
1.35 billionShare issuedand paid - up
65%Upcountry
ChinaIndonesiaLaos
Middle EastQatarUnited Arab Emirates
Total EBITDA
Financial Position & Gearing Ratio
Total Core Net Profit
Total Revenue
2014 2015 2016 2017 2018 Q1/19
18,2
83
1,1
55
1,7
66
1,8
51 2,0
56
2,1
82
745
3,67
3 4,39
8
4,45
6
4,70
2
4,96
6
1,49
8
19,2
16
19,9
06
20,3
46
21,7
68
5,64
3
4.5% CAGR
17.2% CAGR
2014 2015 2016 2017 2018 Q1/19
0.88 1.23 1.37 1.48 1.61
0.40 0.50 0.55 0.60 0.65
82% 62% 77% 86% 74%
1.3% 1.1% 1.4% 1.0% 1.6%
Q1/19
Mar-19
Q1/2018
EBIDA Margin
Q1/2019
Unit: THB mn
2,94
9
2,75
6
1,32
4
1,17
6
6.5%44
.9%
42.7
%
11.2%
Food PerformanceBrands
Q1/2018
EBIDA Margin
Q1/2019
Unit: THB mn
Total Revenue
EBITDA before extra items
Total Revenue
EBITDA
BangkokUpcountry
SSS
TSS
17.1
%17
.8%
17.5
%17
.9%
12.1
%12
.0%
7.7% 8.3%
6.7%
5.6% 7.
0%6.
7%
2,88
7
2,79
3
341
322
11.2%12.2%
5.4%
3.4%
Affordable life style Boutique Residence
Total Liabilities Total Equity Interest BearingDebt/Equit (Times)
As of March 2019 As of March 2019
Unit : THB mn
Unit : THB mn
Unit : THB mn
Unit : THB mn
1.20.9 0.7 0.6 0.5 0.5
24,7
7065
%
59%
54%
52%
49%
47%
24,4
43
24,3
97
25,0
37
26,4
47
27,0
69
2014 2015 2016 2017 2018
EPS
DPS
Dividend Yield
%Payout(Seperate F/S)
NewBrand
Central Restaurant Group
Thailand
Overseas
Thailand
Overseas13,477Grand Total Rooms68Grand Total Hotels
17
5
2224
4,184
3,379
4,591
1,323
10
14
Owned Managed Owned Managed
In operation In operation Pipe Line Pipe LineIn operation In operation Pipe Line Pipe Line
Number of Hotels Number of Rooms
2
15*
2
3 4
18
252
3,932
911412
2,593
786
1,778
2,813