Minor International Public Company Limited (MNILY) Q2 2026 Earnings Call Transcript

SA Transcripts 161.9K Followers Follow Minor International Public Company Limited ( MNILY ) Q2 2026 Earnings Call August 12, 2026 8:00 PM EDT Company Participants Chaiyapat Paitoon - CFO & Chief Strategy Officer Presentation Chaiyapat Paitoon CFO & Chief Strategy Officer Well, I think it's time for us to start. Thank you, everyone, for attending analyst presentation for the second quarter results. Well, the presentation today is probably not going to focus much on the results, which we have already digested anyway. We will recap it a little bit at the very end of the presentation. But I would like to call out some of the recent developments, strategic move and other highlights that I'd like to call out that happened in the second quarter and also in the second half of the year as well. I have to do it in English for the benefit of a lot of people online that dialed in as well. Maybe we start off with what the agenda is recent development, I said earlier, strategic highlights and also financial highlights. Start with the recent development. If you look at the new openings in the second quarter, we opened 7 hotels and rebranded 1 property in the second quarter of the year. We further expand our asset-light portfolio across both existing and new markets. And if you look at the destination that we went to, we continue to deepen our presence in the existing markets that we already had our footprint, including Thailand, Italy, Australia, Zambia and Laos in the second quarter. For Thailand, in particular, we're increasing -- we increasingly leverage brand conversions as an effort route to expansion. We have Avani Koh Phangan and we have Colbert Collection in Samui. There are management contract conversions from other brands. I wouldn't mention what brand we converted from, but it's also amplify our ability