Waterways Leisure Tourism Limited · NSE:CORDELIA
Waterways Leisure Tourism — Q2 & H1 FY27 Earnings Presentation
24 slides from Waterways Leisure Tourism's earnings presentation, Oct 9, 2026
Slide 1: Earning Release intimation to BSE and NSE
WATERWAYS LEISURE TOURISM LIMITED (FORMERLY KNOWN AS WATERWAYS LEISURE TOURISM PRIVATE LIMITED) 09th October, 2026 To To Listing Department, Listing Department BSE Limited National Stock Exchange of India Limited P.J Tower, Dalal Street, Exchange Plaza, Plot No. C/1, G Block, Mumbai- 400001 BKC, Ban
Slide 2: Investor Presentation Q2 & H1 FY27
WATERWAYS LEISURE TOURISM LIMITED Investor Presentation Q2 & H1 FY27 Period ended September 30, 2026 Strictly private and confidential
Slide 3: Forward Looking Statements
ORIENTATION Forward Looking Statements This presentation and the accompanying slides (the “Presentation”), which This document should be read in conjunction with the Company’s have been prepared by Waterways Leisure Tourism Limited (the published financial results. Certain analysis undertaken and re
Slide 4: Q2 & H1 FY27 at a Glance
THE PERIOD UNDER REVIEW Q2 & H1 FY27 at a Glance QUARTERLY HALF YEARLY REVENUE FROM EBITDA* EBITDA MARGIN REVENUE FROM EBITDA* EBITDA MARGIN OPERATIONS OPERATIONS ₹1,329 ₹777 58.45% ₹3,230 ₹1,242 38.45% +31% YoY +3337% YoY +61 bps YoY +16% YoY +131% YoY +19 bps YoY PAT PAT MARGIN EPS PAT PAT MARGIN
Slide 5: Industry Overview
Industry Overview ESTIMATED CRUISE PENETRATION, FY26 Highly consolidated global market: Major cruise players account for 70–80%+ of the global industry. High entry barriers: Capital-intensive operations and stringent regulations limit new entrants. ~5.7% ~0.01% North America India Expanding opportun
Slide 6: Company Overview
Company Overview ▸ India’s only domestic ocean cruise operator as of December 31, 2024, offering premium cruising with Indian hospitality and cultural experiences, driving brand recognition, customer loyalty and competitive positioning. ▸ Extensive domestic itineraries covering Mumbai, Goa, Kochi, C
Slide 7: Ownership Structure
COMPANY OVERVIEW Ownership Structure EXISTING CORPORATE & OPERATIONAL STRUCTURE OF MV EMPRESS NEW CRUISES: NORWEGIAN SKY AND NORWEGIAN SUN Norwegian Sky Limited and Norwegian Sun Rajesh Hotwani Limited (Vessel Owners) Global Shipping & Leisure Limited (Mauritius registered) (Corporate Bareboat chart
Slide 8: Board of Directors
COMPANY OVERVIEW Board of Directors Jurgen Bailom Anil Kumar Chopra Chairman of the Board, Executive Director and CEO Independent Director Founding member of Indian Cruise Line Association. He has experience in Over 3 years of experience in the steel processing, distribution and cruise line and ship
Slide 9: Our Journey
COMPANY OVERVIEW Our Journey 2021 2023 2024 2025 2025 Sailing Commencement International Sailing Leased offices Subsidiaries Bareboat Time Charter Launch Charter Agreements Agreements and Commenced sailing from Leased four new offices in International Cruise Mumbai port post receipt of Commenced int
Slide 10: Empress In operations since 2021
FLEET OVERVIEW Empress In operations since 2021 STATEROOM CATEGORY QUANTITY Chairman’s Suite (with Balcony) 1 Suite (with Balcony) 5 Mini Suite (with Balcony) 63 Ocean View 416 Interior 311 Total Staterooms 796 AMENITIES 1 swimming pool, 4 hot tubs, spa & salon, fitness center, medical center, casin
Slide 11: Sky Sailing from October 2026
FLEET OVERVIEW Sky Sailing from 23 October 2026 STATEROOM CATEGORY QUANTITY Chairman’s Suite (with Balcony) 4 Penthouse Suite (with Balcony) 11 Mini Suite (with Balcony) 245 Ocean View 319 Interior 423 Total Staterooms 1,002 AMENITIES 2 swimming pools, 5 hot tubs, spa & salon, fitness center, medica
Slide 12: Sun
FLEET OVERVIEW Sun STATEROOM CATEGORY QUANTITY Chairman’s Suite (with Balcony) 2 Penthouse Suite (with Balcony) 18 Mini Suite (with Balcony) 412 Ocean View 243 Interior 293 Total Staterooms 968 AMENITIES 2 swimming pools, 5 hot tubs, spa & salon, fitness center, medical center, casino, 930-seat thea
Slide 13: Facilities & Entertainment
FLEET OVERVIEW Facilities & Entertainment Premium Amenities: Spa, casino, pool, fitness Centre & kids’ arcade. MICE & Weddings: Dedicated venues for events and celebrations. Festive Experiences: Christmas, New Year & exclusive events. Shore Excursions: Diving, heritage tours & cultural experiences.
Slide 14: Fleet Expansion
FLEET OVERVIEW Fleet Expansion Stateroom Category Empress Sky Current Fleet Sun Fleet at Full Scale Chairman’s Suite (with Balcony) 1 4 5 2 7 Suite (with Balcony) 5 11 16 18 34 Mini Suite (with Balcony) 63 245 308 412 720 Ocean View 416 319 735 243 978 Interior 311 423 734 293 1,027 Total Staterooms
Slide 15: Our Network
India Southeast Asia @ ova © Mumbai © Lakshadweep © chennai © Kochi © Puducherry @ Visakhapatnam Indian Ocean © Phuket @ Langkawi © Kuala Lumpur @ Bali (Benoa) © Semarang ingapore Australia & Oceania © colombo © Hambantota @ Trincomaiee @ vatina © Mate (Maldives) © darwin @ Thursday isiand © cairns
Slide 16: Financial Snapshot
FINANCIAL OVERVIEW Financial Snapshot Load Factor Available Passenger Passenger Cruise Days Revenue per PCD PCD ÷ APCD. Cruise Days (APCD) (PCD) Revenue from operations ÷ Double occupancy per cabin Guests carried × days of their PCD. × cruise days for the period. cruise. 91.2% 2,73,824 days 2,49,798
Slide 17: Key Operating Metrics
Key Operating Metrics UNDERSTANDING THE COST STRUCTURE Fuel / APCD Crew Related / APCD Shipboard CoS / PCD Port / PCD Fuel cost ÷ APCD Crew expenses ÷ APCD Shipboard cost of sales ÷ PCD Port related expenses ÷ PCD ₹2,480 ₹1,686 ₹1,985 ₹1,003 UNDERSTANDING THE REVENUE MODEL Gross Ticket Revenue Net R
Slide 18: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Quarterly Half Yearly Particulars 30 September 2026 30 September 2025 30 September 2026 30 September 2025 Revenue from operations 1,329.00 1,015.36 3,230.12 2,778.51 Other income 182.62 39.91 197.65 50.21 Total income 1,511.62 1,055.27 3,427.77 2,828.72 Operating
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars As at As at 30 September 2026 31 March 2026 Particulars As at As at 30 September 2026 31 March 2026 EQUITY AND LIABILITIES ASSETS Equity (a) Equity share capital 724 652 Non-current assets (b) Other equity 6,549 151 (a) Property, Plant and Equipment 544 577 Tot
Slide 20: Operational Cost Analysis
THE QUARTER Operational Cost Analysis Each unit cost against the same period last year. Fuel / APCD Crew Related / APCD Shipboard CoS / PCD Port / PCD Fuel cost ÷ APCD Crew expenses ÷ APCD Shipboard cost of sales ÷ PCD Port related expenses ÷ PCD ₹1472 → ₹2,481 · 69% ₹1,598 → ₹1,686 · 6% ₹2,084 → ₹1
Slide 21: Shareholding Pattern
Shareholding Pattern TOP 5 INSTITUTIONAL INVESTORS 1 Nova Global Opportunities Fund PCC - Touchstone 2 Cullinan Opportunities Fund VCC - Cullinan Opportunities Incorporated VCC Sub Fund 1 3 M7 Global Fund PCC - Cell Dewcap Fund 4 Zeal Global Opportunities Fund 5 Maybank Securities PTE Ltd - ODI Prom
Slide 22: Awards & Recognition
Awards & Recognition Great Place To Times Hospitality Times Hospitality SATTE Awards ET Travel & Global Maritime BLTM Work® Icons Icons High Sea and Tourism Conclave India Summit Excellence Awards · Certified · Jan Iconic Family Cruise Iconic Choice Coastal Cruises of Best Cruise and Maritime Excell
Slide 23: Definitions and Abbreviations
Definitions and Abbreviations Core capacity, revenue, cost and profitability terms used throughout this deck. CORE CAPACITY & VOLUME COST METRICS APCD — Available Passenger Cruise Days is our measurement of capacity Fuel Cost Impact — Increase in fuel cost versus Q1 FY26. and represents double occup
Slide 24: Thank You
INVESTOR RELATIONS ADVISOR Mr. Chintan Sudhir Kotak / Ms. Sejal Dave chintan@conceptpr.com / sejal.d@conceptpr.com 9558486112 FOR FURTHER QUERIES REACH OUT TO Waterways Leisure Tourism Ltd investor.helpdesk@waterways-leisure.com www.cordeliacruises.com Thank You
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