Central Plaza Hotel Public Company Limited...2020/06/19  · Property Fund (CTARAF) 2009 Centara...

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Central Plaza Hotel Public Company Limited Milestone 1978 Introduced Mister Donut 1983 Centara Grand at Central Ladprao (1st Hotel) 1990 Listed in the SET Thailand 1998 Franchisee of Auntie Anne's 2007 Rebranded to Centara Hotels & Resorts Centara Grand @ Central World Intoduced Pepper Lunch 2008 Set up Leasehold Property Fund (CTARAF) 2009 Centara Grand Mirage, Pattaya Centara Grand Maldives (1st overseas property) 2010 The Terrace, Chabuton, Cold Stone, Centara Grand Phuket 2011 Acquired Ootoya Introduced Yoshinoya 2013 Centara Maldives (2nd hotel in the Maldives) Introduced Tenya 2014 Received a Royal Warrant of appointment (1st hotel in Thailand) Introduced Katsuya 2019 Fact Sheet Q1/2020 1984 Authorized franchisee of KFC 1986 Centara Grand Hua Hin Cosi Pattaya Wong Amat Beach Developed owned brands: Aroi Dee, Suki House, Soft Air ,and Kowlune New investment brands: Salad Factory and Café Amazon 2017 Cosi Samui (1st COSI brand) Obtained leasehold right to operate 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 more than 70 hotels, with over 16,000 rooms both owned and managed hotels in 14 countries under 6 owned brands, “Centara”, range from Upper Upscale to affordable lifestyle. Central Restaurant Group Co.,Ltd. (CRG) is one of the leaders in Thailand’s chain restaurant industry. Currently, it has 10 franchises, 4 own brands and 2 joint venture brands with 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 presence in regional markets

Transcript of Central Plaza Hotel Public Company Limited...2020/06/19  · Property Fund (CTARAF) 2009 Centara...

Page 1: Central Plaza Hotel Public Company Limited...2020/06/19  · Property Fund (CTARAF) 2009 Centara Grand Mirage, Pattaya Centara Grand Maldives (1st overseas property) 2010 The Terrace,

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 Q1/2020

1984Authorized franchisee of KFC

1986Centara Grand Hua Hin

Cosi Pattaya Wong Amat BeachDeveloped owned brands: Aroi Dee, Suki House, Soft Air ,and Kowlune

New investment brands: Salad Factory and Café Amazon

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 more than 70 hotels, with over 16,000 rooms both owned and managed hotels in 14 countries under 6 owned brands, “Centara”, range from Upper Upscale to affordable lifestyle.

Central Restaurant Group Co.,Ltd. (CRG) is one of the leaders in Thailand’s chain restaurant industry. Currently, it has 10 franchises, 4 own brands and 2 joint venture brands with 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 presence in regional markets

Page 2: Central Plaza Hotel Public Company Limited...2020/06/19  · Property Fund (CTARAF) 2009 Centara Grand Mirage, Pattaya Centara Grand Maldives (1st overseas property) 2010 The Terrace,

Our Business

Hotel Business

Dividend

Stock information

Shareholding Structure

As of 31 March 2020

Apr ‘19 May ‘19 Jun ‘19 Jul ‘19 Sep ‘19 Oct ‘19 Nov ‘19 Dec ‘19 Jan ‘20 Feb ‘20 Mar ‘20

Last Price

15.4 52-Week High/Low

46.00/13.30Market Cap (THB mn)

27,000.00 Market Cap (USD mn)

847.458Free Float (%)

74.38%

Others

Q1/19 Q1/20

KrabiSamuiHuahinPattayaPhuketMaldivesBangkok

Bangkok

Upcountry

Hotel Revenue Breakdown* Including owned hotel JV and property fund As of March 2020

Hotel Performance

Food business TSS & SSS

Hotel Business Pipeline

Q2/19 2019

Same store sale (SSS) and Total system sale (TSS)

of hotel revenuefrom Thailand

Same store sale (SSS): Bangkok vs Upcountry

Summary of Pipeline 2020E - 2024EAs of March 2020

BaliCambodiaChinaDubaiJapanLaosMaldivesMyanmarQatarTurkeyThailandVietnam

210240596607515626541

95761449

2,0312,258

8,929

1.9% 2.3%

29.8

%23

.8%

87%Thailand

57%Owned

53%Thailand

36%Owned

-5.1%

-4.1%-3.6%

2.5%

2014 2015 2016 2017 2018

Dec-14 Dec-15 Dec-16 Dec-17 Dec-18

3.2% CAGR

In operation by rooms* Including owned hotel JV and property fund As of March 2020

Total portfolio by rooms

79.0%

Hotel revenuebreakdown by region

Food Business

KFC / (+1% yoy)

Mister Donut / (-6% yoy)

Auntie Anne's / (-7% yoy)

Others / (-8% yoy)

OOTOYA / (-14% yoy)

Food Revenue Breakdown Food outlet portfolio

Q1/20

Rooms

Total

Chirathivat Family 61.9%

Retails 22.9%

Foreign Institution 8.9%

Local Institution 6.3%

AsiaTurkeyMaldivesThailandCambodiaJapan

Total 33 Hotels

Revenue Contributionby Location

Number of outlets by location

Grand total 1,064 outlets + 108 outlets yoy

KFC 59%

Mister Donut 13 %

OOTOYA 7%

Auntie Anne's 7%

Others 14%

KFC

Mister Donut

Auntie Anne's

Ootoya

Pepper Lunch

The Terrace

Chabuton

Yoshinoya

281

371

181

48

46

9

17

17

Change yoyOutlets Change yoyOutlets

12

6

9

2

4

-

-2

-5

Tenya

Katsuya

Cold Stone

Aroi Dee

Suki House

Kowlune

Total

14

36

17

17

3

3

1,060

4

8

-1

14

3

3

57

1.35 billionShare issuedand paid - up

64%Non-Bangkok

64%Non-Bangkok

ChinaIndonesiaLaosMyanmarVietnam

Middle EastQatarUnited Arab Emirates

Q3/19

-1.8%

5.7% 0.5%

2018 Q2/19 2019Q3/19Q1/19 2018

9.3%

Total EBITDA

Financial Position & Gearing Ratio

Total Core Net Profit

Total Revenue

2014 2015 2016 2017 2018 2019

18,2

83

1,1

55

1,7

66

1,8

51

2,0

56

2,1

82

1,72

2

3,67

3

4,39

8

4,45

6

4,70

2

4,96

6

4,29

9

19,2

16

19,9

06

20,3

46

21,7

68

21,1

90

3.0% CAGR

8.3% CAGR

2014 2015 2016 2017 2018 2019

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%

2019

Dec-19 Mar-20

Q1/19

EBIDA Margin

Q1/20

Unit: THB mn

2,75

6

1,79

7

1,17

6

556

34.8%

42.7

%

30.9

%

52.7%

Food PerformanceBrands

Q1/19

EBIDA Margin

Q1/20

Unit: THB mn

Total Revenue

EBITDA before extra items

Total Revenue

EBITDA

BangkokUpcountry

SSS

TSS

17.8

% 20.7

%

17.9

% 20.3

%

12.0

%12

.2%

8.3%

10.5

% 5.6%

2.8%

6.7%

7.4%

2,80

42,88

7

322

496

17.8%11.2%

54.0%

2.9%

-1.7%-1.8%

-5.2%-4.8%

Total Liabilities Total Equity Interest BearingDebt/Equit (Times)

As of March 2020 As of March 2020

Unit : THB mn

Unit : THB mn

Unit : THB mn

Unit : THB mn

Q1/19

5,64

3

Q1/20

4,60

1

Q1/19

745

Q1/20

-9

Q1/19

1,49

8

Q1/20

1,05

2

1.20.9 0.7 0.6 0.5 0.5

1.6

24,7

7065

%

59%

54%

52%

49%

49%

24,4

43

24,3

97

25,0

37

26,4

47

27,5

90

64%

37,5

01

2014 2015 2016 2017 2018

EPS

DPS

Dividend Yield

%Payout(Seperate F/S)

1.28

-

-

-

2019

Central Restaurant Group

Thailand

Overseas

Thailand

Overseas14,758Grand Total Rooms77Grand Total Hotels

18

5

2430

4,457

3,351

7,350

1,579

10

20

Owned Managed Owned Managed

In operation In operation Pipeline PipelineIn operation In operation Pipeline Pipeline

Number of Hotels Number of Rooms

2

16

14 4

20

252

4,205

147

1,432

2,565

786

1,884

5,466

Q4/119-8.4%

-1.0%

-6.3%

1.8%

Q1/20

-3.0%

-9.5%

0.1%

-9.4%

-7.9%

Q4/19

-6.5%-6.0%

Q1/20-12.3%

-8.0%

-0.1%

6

NewBrand

NewJoint

Ventures

Midscale

Upper Upscale / UpscaleUpscaleUpper UpscaleLuxury

Affordable life style