SYDNEY /PRNewswire/ --
HIGHLIGHTS
Mantra Group
Limited (Mantra Group) (ASX code:MTR) today announced its results
for the year ended 30 June 2015.
Mantra Group
Chief Executive Officer Bob East said: "Following the listing of
Mantra Group on the ASX in June 2014, FY2015 has proven to be another
successful year in growth and development with a focus on portfolio
growth in strategically aligned properties and destinations aimed
at increasing shareholder value. This has been endorsed by
the addition of 11 new properties to the portfolio, a well
supported capital raise of $56.7 million in March 2015 and an increase in Mantra Group's
share price by approximately 90%."
"We are pleased
to report that for the year ended 30 June 2015, the Group achieved earnings above
that forecast in its prospectus for IPO and at the top end of the
updated guidance range announced on 1 May 2015. The Group
delivered total revenue of $498.8 million representing a 9.7% increase on
FY2014. NPAT was $36.2 million, up$36.5m on FY2014 and EBITDAI
of $73.1 million up 19.2% on FY2014. This
result reflects the strength of the performance of the business in
FY2015 driven by acquisitions, strong performances in each of the
operating segments as well as an ongoing Management focus on cost
control and improved efficiencies in key areas of the
business. With total assets of $601.4 million, net assets of $337.4 million and a strong cash flow the
Group is well placed to deliver continued shareholder value in
FY2016."
In line with the
prospectus on IPO, in addition to the fully franked interim
dividend of 5 cents per share, the Board is pleased to
deliver a fully franked final dividend of 5 cents per share in respect of the year
to 30 June 2015 bringing the total fully franked
dividend for FY2015 to 10 cents per share.
The Group achieved
year-on-year growth in each of its key operating segments.
Highlights include:
Initiatives undertaken in
FY2015 which contributed to the results included:
Network
Growth
The increased
focus on growth and development aimed at increasing Mantra Group's
portfolio and room inventory in strategic aligned properties and
locations continued to gain momentum in FY2015 with acquisitions of
properties in each of its three complementary brands - Peppers,
Mantra and BreakFree. These acquisitions were key
milestones in the development of Mantra Group in that it secured
its first CBD hotel under the Peppers brand, opened its largest
hotels in Melbourne in January 2015, added three properties to
its Brisbane portfolio, one additional property in
Sydney CBD, increased its portfolio in Tasmania by two properties, opened its second
property in Bali and as part of the revitalisation
of Christchurch opened a re-developed hotel in
Christchurch CBD.
Strategy and FY2016
Outlook
In the first two
months of FY2016, Mantra Group added five new properties to its
portfolio. Four of these properties acquired as part of the
Outrigger acquisition are located in popular leisure destinations
which significantly increase Mantra Group's prominence in these
locations. BreakFree on Collins in Melbourne was acquired in July and the Soul,
Surfers Paradise transition complemented the Peppers brand in
another prime leisure destination.
Other
acquisitions, aligned with Mantra Group's growth and development
strategy, to commence operating in FY2016, include properties
in Bali, Adelaide, Brisbane, Gold Coast, Melbourne and Perth.
In our commitment
to drive growth and deliver shareholder value in FY2016, Mantra
Group will continue to:
Mr East said: "In
the year ahead Mantra Group is well positioned to capitalise on
growth and development via asset and investment opportunities and
take advantage of its strong development pipeline and forecast
growth inAustralia's tourism sector aimed at increasing
shareholder value."
Mantra Group is a leading
manager and marketer of hotels and resorts in Australia, New Zealand and Indonesia and operates three well-known and
trusted brands -- Peppers, Mantra and BreakFree. With 120+
properties and over 14,000 rooms under management, Mantra Group is
the second largest accommodation operator in Australia. The Group is positioned to offer both
leisure and business style accommodation ranging from full service
city hotels and self-contained apartments to luxury resorts and
retreats:www.mantragroup.com.au; www.peppers.com.au; www.mantra.com.au; www.breakfree.com.au
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