Page 81 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

The following table presents certain financial information about operating segments for the periods presented.

Year ended 31 December
2019 2020 2021

THB million % THB million % THB million %
Total sales of goods

Hardline segment (1) (2) 50,583 25.9 52,232 30.2 63,565 36.1
Food segment 80,492 41.2 74,684 43.1 69,600 39.6

Fashion segment 64,280 32.9 46,222 26.7 42,810 24.3
Total 195,355 100.0 173,138 100.0 175,975 100.0

EBITDA
Hardline segment (1) (2) 4,533 17.6 4,220 22.2 7,683 38.3

Food segment 5,823 22.5 7,734 40.8 5,296 26.4
Fashion segment 15,458 59.9 7,011 37.0 7,080 35.3

Total 25,814 100.0 18,965 100.0 20,059 100.0

Same store sales growth (%) (3)
(4)
Hardline segment - -2 - -14 - +3
Food segment - +2 - -10 - -12
Fashion segment - -3 - -34 - -5

(1) The financial information for a period after 1 January 2019 included the operating results of Nguyen Kim as appeared in the consolidated financial
statements since 7 June 2019, while the financial information for a period prior to 1 January 2019 excluded the operating results of Nguyen Kim.
More details can be found in the Notes to Financial Statements. The sales volume of Nguyen Kim in the separate financial statements amounted
to THB 14.3 billion in 2019. However, no entries occurring between Central Retail and Nguyen Kim were deleted from separate financial statements
of Nguyen Kim and from the Company’s operating results. Moreover, the separate financial statements of Nguyen Kim were prepared according
to the financial reporting standards in Vietnam, while the Company’s separate financial statements were prepared according to Thai Financial
Reporting Standards (TFRS). For this reason, such information cannot be compared with the information as appeared in the Company’s
financial statements.
(2) The financial information for a period after 1 January 2021 included the operating results of COL as appeared in the consolidated financial
statements since 1 February 2021, while the financial information for a period before 1 January 2021 excluded the operating results of COL.
More details can be found in the Notes to Financial Statements.
(3) Same store sales growth (SSSG) is the change in the contribution to total gross sales between two periods made by the relevant stores on
a standalone basis under each of key retail banners.
(4) COL is excluded for the year 2021 because Central Retail invested in COL after the beginning of the comparative fiscal year.

(1) Hardline Segment

Hardline segment focuses on specialty merchandise offerings, including construction materials, home decorations,
DIY products and consumer electronics and appliances, stationery, e-Books, IT equipment and office furniture.
Central Retail strives to build customer loyalty in this segment by offering the appropriate mix of merchandise
combined with value-add services that help customers maximize the value of their specialty merchandise purchases,
which is important in hardline categories such as electronics and home improvement, where after sales services
such as installation and maintenance are key purchase considerations

DIY home improvement merchandise selection sold through Thai Watsadu and Baan & Beyond / BNB Home
encompasses construction materials, home improvement products, home decorations and consumer electronics.
Central Retail intended to attract professional building contractors as well as homeowners working on their own
small to large home building and improvement projects. Home decoration offerings include a wide variety of home
furnishings, kitchenware, dinnerware, and mattresses and bedding, which could meet the needs of hospitality
providers, real estates renters and restaurants, whose business need room or commercial space decorations.
Annual Report 2021 (Form 56-1 One-Report) 81