MINOR INTERNATIONAL PCL

PRESS RELEASE – 15 JUNE 2005                          FOR IMMEDIATE RELEASE

 

MINT TO JOIN THE S.E.T’S FOOD & BEVERAGE SECTOR INDEX 

 

The Stock Exchange of Thailand (the S.E.T) has today informed Minor International (MINT) of its plan to include MINT as part of its Food and Beverage Sector index to better reflect the company’s business profile and large food and beverage business. From July 1, 2005, MINT will be included in the SET’s Agro and Food Industry Group’s Food and Beverage Sector index rather than the Service Industry Group’s Hotel and Travel Sector index.

 

MINT is pleased with the SET’s decision and believes that it reflects the relative size and strength of its food and beverage business which accounts for a majority of its total revenue. In 2004, MINT’s branded food service operations with nearly 500 restaurants accounted for Baht 4,479 million or 55% of total revenue. MINT’s food and beverage business was listed on the SET as the Minor Food Group (MFG) and was delisted in January 2005 after MINT acquired a 100% stake in MFG following a successful tender offer.

 

Despite joining the SET’s food and beverage sector index, MINT remains committed to expanding all of its businesses including its hotel, retail property, and spa businesses which accounted for Baht 3,450 million or 42% of total sales in 2004.

 

The Minor International is Thailand’s largest food service operator with over 500 outlets system wide under The Pizza Company, Swensen’s, Sizzler, Dairy Queen and Burger King. It is one of Thailand’s leading hotel operators with a portfolio of ten hotels and nearly 2,100 rooms under the Marriott, Four Seasons, Anantara and Royal Garden brands in Thailand and Vietnam. Through a joint venture with Marriott International, it has developed the 144 room Marriott Vacation Club Time Share in Phuket. It is also one of the largest spa operators in the Asia Pacific region with 15 spas in Thailand and China under the Mandara, Anantara and other spa brands. For further information, please visit us at www.minornet.com

 

           

Historical Consolidated Sales Revenue (Million Baht)

 

2002

%

2003

%

2004

%

Quick Service Restaurant

-

 

1,832

39%

4,479

55%

Hotel Services

2,061

75%

2,018

43%

2,784

34%

Retail Property & Entertainment

376

14%

370

8%

369

4%

Spa Services

149

5%

197

4%

297

4%

Others

163

6%

245

6%

308

3%

                       

 

 

 

Press Contacts: William E. Heinecke / Pratana Manomaiphiboon at Tel: (662) 381-5151