We have our own brands for both hotel and mixed-use businesses, as well as the restaurant business. The restaurant business includes The Pizza Company, The Coffee Club, Ribs & Rumps, Thai Express and Riverside, while the hotel and mixed-use business includes Anantara, AVANI, Per AQUUM, Oaks and Elewana. In addition, we are partners with Swensen's, Sizzler, Dairy Queen and Burger King through franchise models, and with Four Seasons, St. Regis, Marriott and JW Marriott under hotel management agreement. Furthermore, for the retail trading business, we are the sole distributors of GAP, Esprit, bossini, Charles & Keith, Pedro, Red Earth, Tumi and Zwilling J.A. Henckels. At end of 2013, we had a presence in Thailand and 25 other countries from Africa to Australia. Please see MINT's Businesses for more details.
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Typically, the Company's annual meeting is held in beginning of April. The invitation to each shareholder meeting is posted in the Investor Relations section.
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.
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MINT's fiscal year is 1 January - 31 December.
MINT's policy is to consider the dividend payment based on its financial performance. For our cash dividend payment, we aim to pay in absolute amounts of no less than the previous year. 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.
MINT has warrants issued to management and employees under the Employee Stock Option Program (ESOP). In addition, MINT has long-term debentures, details can be found in the Investor Relations section of the website.
All of MINT's outstanding debentures are rated "A" by TRIS. MINT's company rating is also rated "A" with a stable outlook.
Historical stock price can be found in the Investor Relations section of the website.
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.
For a 5-year average (2009-2013), the restaurant business has been the major contributor with 46% of total revenues, while hotel and mixed-use business contributed 44%. Revenue from retail trading contributed the remaining 10%. For a 5-year average EBITDA, EBITDA of the restaurant business contributed 39% while EBITDA of the hotel and mixed-use business contributed 58% of total EBITDA. Retail trading's contribution was small at 3% of total EBITDA.
As at the end of 2013, MINT has 103 hotels and serviced suites in its portfolio, of which 19 are majority-owned, 16 are joint-ventured, 24 are purely managed and 44 are operated under Management Letting Rights.
Anantara, meaning "without end" in Sanskrit, was established in 2001 at the renovated Royal Garden Village in Hua Hin. Today there are 29 Anantara hotels, of which 17 are overseas including in the Maldives, Vietnam, Cambodia, Mozambique, China, Indonesia and the United Arab Emirates. In addition, as at the end of 2013, there are 21 Anantara hotels in the pipeline to be opened between 2014-2016, most of which will be outside of Thailand, including in Sri Lanka, Laos, Oman, Mauritius and India.
In addition to Anantara, MINT has AVANI brand, which means 'Earth' in Sanskrit, offering relaxed contemporary comfort in culturally diversed locations. MINT also has Oaks, which operates serviced apartment under management letting rights business model in Australia. The other two brands that MINT has 50% joint-venture are Per AQUUM, a luxury boutique hotel brand and Elewana in Africa.
The hotel management business started in 2006 with one management contract of a 50% joint-venture hotel in the Maldives. To date, in addition to the three 50% joint-venture hotels in the Maldives, we manage 17 hotels under the Anantara brand, with 18 new hotels in the pipeline to be opened between 2014-2016.
In addition to its hotels, MINT also operates mixed-use businesses, which are complementary to and enhance the profitability of the hotel business. These include spas, shopping plazas and entertainment businesses, which are adjacent to hotels, residential properties and timeshare projects.
We plan to develop two Anantara hotels in Kalutara and Tangalle, and also an AVANI hotel in Ambalangoda in Sri Lanka, in addition to a flagship AVANI hotel in Bangkok
Our repair and maintenance budget is approximately 3-4% of total revenues from the hotel business.
As at end of 2013, we have 1,544 outlets in 19 countries including Thailand, China, Singapore, Maldives, Cambodia, Vietnam, Laos, Philippines, Malaysia, India, the Middle East, Australia, New Zealand and New Caledonia.
Approximately 47% of MINT's food outlets are franchised. The franchised revenues contributed about 3% of total revenues from the restaurant business in 2013. Despite the small revenue contribution, the franchised restaurant business offers an improved margin and rapid outlet expansion with lower risks.
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. For international franchises, a territory fee is also collected from the master franchisee.
Brands that MINT owns include The Pizza Company in Thailand, Thai Express in Singapore, The Coffee Club and Ribs&Rumps in Australia and Riverside in China.
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.