Daily Manager 360 – CENTEL reveals the results of the 1st quarter of 2022, continuously growing. from increased food and hotel business income open country and relax disease control profit before interest and income tax (EBIT) of 184 million baht, a reversal from last year’s loss. Net loss decreased by more than 90%
CENTEL reported that Q1/22: The Company had total revenue of 3,882 million baht (Q1/21: 2,774 million baht), an increase of 1,108 million baht (or an increase of 40%). hotel Which received positive factors from the opening of the country and the relaxation of measures to control the spread of COVID-19, the Company had profit before depreciation. Amortization, Interest Expenses and Income Tax (EBITDA) totaled 951 million baht (Q1/21: 486 million baht), an increase of 465 million baht (or 96%) yoy based on the profit before depreciation margin. Amortization, interest expense and income tax to total income (% EBITDA) 24% YoY (Q1/21: 18%) The Company had earnings before interest expenses. and income tax (EBIT) of 184 million baht, an improvement of 157% compared to the previous year (Q1/21: loss of 324 million baht), while net loss decreased by 91%.
for hotel business Overseas hotel performance continues to recover throughout the Maldives. which is during the tourist season and Dubai hotels The occupancy rate is quite high from the World Expo from October 1, 2021 to March 31, 2022, while Thailand has benefited from continual relaxation of measures on entry into the country. Overall, average hotel revenue per room (RevPar) increased 197% to 1,957 baht, with average occupancy rate (OCC) increasing from 14% to 35% in 1Q22 and at average room rate ( ARR) increased 16% YoY to 5,660 baht. Hotel business had total revenue of 1,249 million baht in 1Q22, an increase of 748 million baht or 149% from the same period last year.
for food business Revenue growth is due to a number of positive factors, including the government’s ongoing easing of lockdown measures; Concerns about COVID-19 infection decreased due to the increase in the vaccination rate of the population and the epidemic effect of the omikron strain was not as severe as the previous delta strain. together with the company There have been ongoing promotional activities. In order to stimulate sales in both the dining channels takeout and delivery including government measures to shop well and have a return These are all factors that boost sales in this quarter. In the first quarter of 2022, same-store sales growth (%SSS) increased by 10% year-on-year, with a 9% increase in the four main brands and other brands. 15% and growth of total sales in all branches (%TSS) 15% compared to the previous year. The company had total food business revenue of 2,633 million baht, an increase of 360 million baht (or approximately 16% growth compared to the previous year).
In 2022, the Company will recognize its full-year performance for the first time from 2 new hotels: 1) Centara Reserve Hotel Samui 184 rooms, the first luxury class in the group; 2) Centara Mirage Hotel. Beach Resort Dubai, 607 rooms, is a joint venture, the company owns 40 percent and the company will recognize income from investments in new brands in Shinkanzen Sushi and Senma Sushi restaurants. Currently operating 38 branches, which the company has acquired. Holding shares on May 3, 2022 at 51%
Although the company will predict Covid-19 outbreak It seems to have good prospects, but the Company continues to closely monitor the situation in order to cope with the uncertain situations that may arise in order to ensure that financial matters are properly managed. The company maintains a strong financial position. As of March 31, 2022, the liquidity ratio improved from the end of 2021 at 0.7x and the interest-bearing debt ratio was 0.7x. (excluding lease liabilities) to shareholders’ equity 0.9 times. The Company has conditions with financial institutions regarding maintenance of interest-bearing debt ratio. (excluding lease liabilities) to shareholders’ equity at 2.0 times
Although there are still factors that may affect the hotel business, such as the conflict between Russia and Ukraine. Policy and measures to control COVID-19 different in each country Uncertainty in the recovery of the global economy and pressure on raw material prices and transportation costs that affect the profitability of the food business. As a result, the number of tourists increased in accordance with the easing of measures respectively.
In addition, the company It is planned to continually negotiate with the seller. Find additional sources of raw materials In addition, product prices have been adjusted to reflect the rising condition of raw material prices. The Company has tried to balance the value of customers and the Company’s profits appropriately. In 2022, the Company estimates the average occupancy rate of hotel business. all year (Including hotels in Dubai) is in the range of 40% – 50% and the average income per room (RevPar) is 1,700 – 1,900 baht and the food business. growth rate from the same branch (Same-Store-Sales: SSS) 10% to 15% YoY and total sales growth in all stores (Total-System-Sales: TSS) ranges from 20% to 25% year-over-year. For the growth of the number of branches, the company expects a net increase of 180-200 branches.
As of March 31, 2022, the Company has a total of 89 hotels under management (18,751 rooms), comprising 47 hotels in operation (9,481 rooms) and 42 hotels in development (9,270 rooms). As for 47 hotels in operation, 19 hotels (5,050 rooms) are hotels owned by the Company and 28 hotels (4,431 rooms) are hotels under management contracts.
For food business, CENTEL has a total number of restaurants operating at 1,398 branches as follows: 1. KFC (304) 2. Mr. Donut (431) 3. Ootoya (46) 4. Auntie Anne’s (196) 5. Pepper Lunch (48) 6. Shabuton Ramen (16) 7. Cold Stone Creamery (16) 8. Yoshinoya (28) 9. The Terrace (7 ) 10. Tenya (13) 11. Katsuya (50) 12. Delicious (34) 13. Arigato (133) 14. Kowloon (1) 15. Grab Kitchen by Avery Food (24) 16. Salad Factory (22) 17. Brown Cafe (13) 18. Cafe Amazon – Vietnam (10) 19. Papaya Salad (6)
