Minor International (MINT) Investor Day 2026 summary

Strategy and medium-term targets

• FY2026 performance expected above 2025; medium-term aspirations unchanged, targeting 850 hotels and 4,150 restaurants by 2028. citeturn0

• Financial targets: high-single-digit revenue growth, 15%-20% annual profit growth and 12% ROIC on a three-year CAGR basis.

• Balance-sheet targets: net debt/equity of 0.75x-0.85x and net debt/EBITDA below 4x in coming years.

• Growth to combine asset-light expansion, selective market entry and deeper penetration in high-growth regions; >90% of hotel pipeline and >65% of restaurant pipeline expected asset-light.

Hotel expansion

• Signed nine fee-based contracts in Q1; management-contract signings targeted at >30 in H1 and at least 50 for FY2026, with ~80 next year and ~110 the following year.

• Hotel portfolio targeted to grow from 636 to 850 by 2028; asset-heavy mix to fall from 66% to 49%, lifting asset-light share from 34% to 51%.

• FY2026 hotel openings planned near 50, versus 28 last year; 2028 target includes signed contracts, with most expected to be open by then.

• New markets and additions include Egypt, Slovenia, Croatia, Mexico, the U.S. and Australia; expansion priorities also include Southeast Asia, India, Europe, China and the U.K.

• Branded residences expected to generate ~$65m in fees through 2032, including $53m from existing projects and $12m from new signings; development pipeline IRR up to ~30%.

Food growth and portfolio mix

• Restaurant outlets targeted to rise from 2,746 to ~4,150 by 2028, driven mainly by franchising; franchise share to increase from 49% to 56%, while owned share falls from 51% to 44%.

• Expansion priorities include Indonesia, Thailand and broader Southeast Asia; new launches include Sanook Kitchen and The Pizza Company in Indonesia and Sizzler in Laos.

• New concepts and innovation include The Stone, Swensen’s The Creation, modular Sizzler Special and Dairy Queen formats, plus new brand rollouts across domestic and international markets.

• GAGA Beverage Thailand stake increased from 70% to 100%, raising profit contribution and supporting scale-up in beverages.