CENTEL has managed to sustain its operating performance results growth trend for the Q3/2011 period by achieving total consolidated revenues of Baht 2,800.1 million - an increase of Baht 646.3 million or 30% YoY. This is primarily due to the revival of the tourism & travel industry and the hotels business sector, whereby total tourist arrivals increased 26%YoY in Q3/11 and 27%YoY for the 9 month (Jan-Sept/2011) period respectively; while Thailand's GDP positive growth during the same period has contributed to the sustained growth in the food services industry.
This 30% YoY increase in CENTEL's total consolidated revenues for Q3/2011 is derived from a 32.6% YoY increase in the Hotels Business revenues and a 28.2% YoY increase in the Food Business revenues, both of which businesses helped drive the achievement of its Q3/11 performance results from a consolidated Net Loss of Baht 144.2 million for the same period last year to a consolidated Net Profit of Baht 31.9 million - equal to an increase of Baht 176.1 million or 122.1% YoY. While consolidated Q3/11 EBITDA was Baht 480.2 million or an increase of 96.9% YoY.
During Q3/2011, CENTEL's Hotels Business Group achieved an Average Occupancy (AoC) of 62.5%, which is much improved when compared to Q3/10's AoC of 53.2% - mainly due to return of the operations for the Centara Grand & Bangkok Convention Centre at Central World to its normal level in achieving an AoC of 78.9% (compared to 45.7% for Q3/10, during which period political unrest and rallies occurred) as well as a very positive AoC for the new Centara Grand Beach Resort, Phuket.
Average Room Rates (ARR) achieved during Q3/11 was Baht 3,165 per room night (or an increase of 10.6% YoY), resulting from the solid performances of the Centara Grand Beach Resort Pattaya, the Centara Grand Beach Resort Phuket and the revived operations of the Centara Grand and Bangkok Convention Centre at Central World and driving the total consolidated Hotels Business revenues to reach Baht 1,170 million (or an increase of 32.6%YoY compared to Q3/10's Baht 882.1 million).
As for the Food Business Group, total Q3/11 consolidated revenues was Baht 1,603.1 million (an increase of Baht 358.5 million or 28.2%YoY), resulting from the ongoing expansion of its food retail outlets, sustained marketing and promotions activities, and continued launchings of new products/menu offerings. Additionally, two new Japanese QSR brand concepts were launched : Yoshinoya (1 outlet) and Otoya (with 33 outlets), which business was bought by the CENTEL Group.
Thus, as at the end of the Q3/2011, there was a total of 576 food retail outlets in operation - an increase of 75 outlets or 15%YoY compared to 501 as at the end of Q3/2010. Further, a growth of 13.1%YoY (compared to 14.5% for Q3/2010) in Same Stores Sales/SSS and 23.7% YoY (compared to 18.1% for Q3/2010) in Total System Sales/TSS were achieved respectively.
Therefore, taking into consideration the cumulative operating performances of the 3 consecutive Quarters - all of which achieved very solid positive results - to date for the 9 month (Jan-Sept/ 2011) period of this year,
- total consolidated revenues was Baht 8,431.2 million - an increase of 25.5 over the same period last year, with total Hotels Business revenues of Baht 3,739.4 million (an increase of 27.9%YoY) and total Food Business revenues of Baht 4,691 million (an increase of 23.6%YoY).
- EBITDA was Baht 1, 791.4 million (an increase of 61.2%YoY), and
- Total Net Profit was Baht 475.4 million - an increase of Baht 620.7 million or 427.1% over the same period last year, which saw a Net Loss of Baht 145.3 million.
From the abovementioned very positive operating performance results of CENTEL for the period ending Q3/2011 indicate the solid success to date of its Hotels Business Group and its Food Business Group as well as to the sustained growth trends for both businesses despite the negative impact of the current flood crisis in some areas and locations. The Company is closely monitoring further developments and continuously assessing the situation in order to ensure that the targeted overall performance results for this year can be achieved.
For more information, please contact
Khun Ronnachit Mahatanapruet, SVP, Finance & Administration.
THE CENTRAL PLAZA HOTEL plc.
Floor 25, 999/99 Rama 1 Rd., Patumwan, BANGKOK 10300.
Tel : (66) 02 769 1234 (ext 6131) Fax : (66) 02 100 6231
E-mai: ronnachitma@chr.co.th or ir@chr.co.th
CENTEL'S CORPORATE PROFILE :
CENTRAL PLAZA HOTEL plc. (CENTEL) was established in 1980 by the Chirativat family. Currently, CENTEL operates a total of more than 35 hotel properties both within Thailand and overseas, together with more than 576 Food Business QSR retail outlets. Additonally, with its close business cooperation with the ACCOR group, CENTEL is also able to have acess to a worldwide marketing network.
CENTEL operates its Hotels Business under the "Centara Hotel & Resort" and the various "Centara" brands together with other brands within the ACCOR hotels network. CENTEL has invested in various hotels properties in the Thai market (ie: Bangkok, Pattaya, Chiangmai, Mae Sot, Phuket, Samui, Haadyai, Hua Hin, and Trad) as well as in key overseas markets (such as the Maldives); and CENTEL also has hotel management services operations within Thailand and overseas in India and Egypt.
Further, CENTEL is a pioneer in the Quick Service Restaurant (QSR) and Food Services business sector in Thailand and is currently operating both its own brands (ie: The Terrace and Ryu) as well as franchised international brands (ie: Mister Donut, KFC, Auntie Anne's, Pepper Lunch, Beard Papa's bakery, Coldstone Creamery ice cream, Chabuton, Otoya and Yoshinoya ), with a total of 576 retail food services outlets (as at end Q3/2011) located on Bangkok and throughout 65 provinces in Thailand.