Minor International Public Company Limited

  • How many brands does MINT have in the portfolio?

    MINT has our own brands for both hospitality business, as well as the restaurant business. Its hospitality brands include Anantara, AVANI, Oaks, Tivoli, NH, NH Collection, nHow and Elewana Collection, while the restaurant brands include The Pizza Company, The Coffee Club, Thai Express, Riverside, Benihana and BreadTalk. In addition, MINT partners with Four Seasons, St. Regis, JW Marriott and Radisson Blu under hotel management agreements and with Swensen's, Sizzler, Dairy Queen and Burger King through franchise models. Furthermore, for the lifestyle business, MINT is the sole distributor of Anello, Banana Republic, Bodum, Bossini, Brooks Brothers, Charles & Keith, Esprit, Etam, Gap, Joseph Joseph, OVS, Pedro, Radley, Save My Bag and Zwilling J.A. Henckels. Please see MINT's Businesses for more details.

  • Can you explain the evolution of MINT’s core businesses and how they became public?

    In 1978, the hospitality business, named Royal Garden Resort Co. Ltd. at that time, was established with the opening of Royal Garden Resort Pattaya, the first hotel in the portfolio. Today the hotel is known as AVANI Pattaya Resort & Spa. In 1980, the Company expanded into the restaurant business by introducing an international pizza brand to Thailand. Subsequently, in 1982, Minor Corporation, now Minor Lifestyle, was founded to engage in the manufacturing of household goods and distribution of lifestyle products in Thailand. Previously, the Company’s three core businesses were listed separately on The Stock Exchange of Thailand as Royal Garden Resort Public Company Limited (RGR), The Pizza Public Company Limited (PIZZA) and Minor Corporation Public Company Limited (MINOR). In 2001, RGR acquired PIZZA and took the new name of Minor International Public Company Limited, with MINT as its acronym. In 2009, MINOR was merged into MINT, resulting in the three businesses under one umbrella. For more information on the Company history, please refer to the History section of the website.

  • When is MINT's annual meeting of shareholders?

    Typically, the Company's annual meeting is held in April. The invitation to each shareholders' meeting is posted in the Investor Relations section.

  • How may I obtain copies of annual report, financial statements and quarterly results?

    MINT's annual reports and financial statements can be downloaded from the Investor Relations section of the website. If you would like a hard copy of the annual report, please place your request through the Investor Relations section of the website.

  • Which accounting firm is the auditor of MINT?

    PricewaterhouseCoopers.

  • What is MINT's fiscal year?

    MINT's fiscal year is 1 January - 31 December.

  • How do I get onto your email distribution list?

    Please subscribe to our Investor Relations E-Mail Alert .

  • Who do I contact regarding MINT employment opportunities?

    Employment information is available on our Careers page.

  • How can I contact MINT Investor Relations?

    Please see contact details in the Investor Relations section.

  • What has been the total return to shareholders since MINT became public?

    If a shareholder purchased 100 shares of MINT in early 2001 at a THB 1.00 per share, the original THB 100 investment, together with cash dividends, stock dividends and warrants, would be worth THB 4,100 at the end of October 2018, yielding a 26% annual return over the roughly 18 year period.

  • What is the average dividend payout ratio?

    MINT's policy is to consider the dividend payment based on its financial performance. The bonus stock dividend is occasionally paid when MINT would like to preserve cash for future expansion. Historically, the dividend payout ratio is about 30-40%. Details of the historical dividend payment can be found in the Investor Relations section of the website.

  • Are there any financial instruments other than common shares?

    MINT has long-term debentures and perpetual debentures, which details can be found in the Investor Relations section of the website.

  • What are MINT's corporate and debt ratings?

    MINT's outstanding debentures are rated from "A" to “A+” by TRIS. MINT’s outstanding THB subordinated perpetual debentures are rated “BBB+” by TRIS. MINT’s outstanding perpetual USD guaranteed senior capital securities are rated “Baa2” by Moody’s and “BBB+” by Fitch. MINT's company rating is also rated "A" with a stable outlook.

  • When does MINT release earnings reports?

    Quarterly financial results are typically released within 45 days following the close of the fiscal quarter and about 90 days following the close of the fiscal year. For specific quarters, the financial calendar is posted on the Investor Relations section of the website. Press releases on earnings announcements and quarterly Management Discussion and Analysis are also posted on the Investor Relations section of the website.

  • What does the term revenue per available room (RevPAR) and where can I find RevPAR information for MINT’s hotels?

    Revenue per available room (RevPAR) is an important indicator of the overall performance of a hotel and is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate.

    RevPAR information is included in the Company’s Financial Performance presentations, which can be accessed online from the Investor Relations section of the website.

  • When did MINT enter into hotel management business? Will MINT become asset-light company?

    The hotel management business debuted with the opening of Anantara Seminyak Bali Resort in Indonesia. To date, MINT manages more than 80 hotels under Anantara, AVANI, Oaks, Tivoli, NH, NH Collection, nhow and Elewana brands, with over 60 new hotels in the pipeline to be opened between 2018-2023.

    MINT continues to pursue asset right strategy, with a combination of direct hotel ownership and management contracts to maximize shareholders’ return and drive rapid global expansion. MINT is not reluctant to invest in assets, where returns meet or exceed our investment criteria.

  • What is the rationales for having the mixed-use business?

    MINT operates other complementary businesses adjacent to out hotels, which help unlock the value of our real estates, enhance potential sales velocity and return on investment. These include residential development projects, timeshare business, plazas and entertainment.

  • How much CAPEX is spent on annual repair and maintenance?

    Our repair and maintenance budget is approximately 3-4% of total revenues of the hotel business.

  • What does the term same-store-sales mean and where can I find same-store-sales information for MINT’s restaurants?

    Same-store sales growth is the estimated percentage change in sales of all restaurants that have been opened and in MINT’s system one year or more.

    Same-store sales information is included in the Company’s Financial Performance presentations, which can be accessed online from the Investor Relations section of the website.

  • What is the franchise fee structure?

    For franchised restaurants in Thailand, we generally require an initial consulting fee, which varies from restaurant to restaurant. Once the restaurant is opened, a percentage of revenues will be collected on a monthly basis.

  • What is MINT’s long-term outlet expansion plan for equity vs. franchised stores?

    MINT intends to maintain asset right strategy by expanding through both equity and franchise business models. Today, MINT has over 2,100 stores in the network, comprising 51% of equity stores and 49% of franchise stores. Over the next five years, MINT plans to expand the restaurant network to more than 4,400 stores, comprising 49% equity stores and 51% franchise stores.

  • What is the contract manufacturing business?

    MINT produces acid-based fast-moving consumer goods (FMCG) such as mouth rinse, baby wipes, fabric softeners and air fresheners on behalf of the world's leading consumer product companies such as SC Johnson, Unilever, Colgate, Johnson & Johnson and Lion. The manufacturing facility in Pathumthani province currently has a maximum capacity of approximately 100,000 tons per annum.