Kamat Hotels (india) Ltd · NSE:KAMATHOTEL
Kamat Hotels (india) — Q1 FY2024 Earnings Presentation
35 slides from Kamat Hotels (india)'s earnings presentation, Aug 24, 2023
Slide 1: Submission of Investor Presentation to stock exchanges
24th August, 2023 To, To, DCS, The Manager Bombay Stock Exchange Limited Listing Department Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, Block G, Mumbai - 400 001 Bandra –Kurla Complex, Bandra (E), Mumbai – 400 051 Code: 526668 Symbol:- KAMAT
Slide 2: Investor Presentation August 2023
Investor Presentation August 2023 "Asia's Pioneering Hospitality Chain of Environmentally Sensitive Hotels & Resorts"
Slide 3: Kamat Hotels (India) Limited: Company Overview
Kamat Hotels (India) Limited: Company Overview
Slide 4: About Kamat Group
About Kamat Group 8-decade Scaling-up 3rd generation successful experience business business owners Hotel Consultancy and Hospitality Industry From residential to hotel properties having • Founded by Late Mr. Venkatesh Krishna Kamat presence across 7 states in India • Later headed by Dr. Vithal Venk
Slide 5: KHIL 1.0 – How did we Begin?
KHIL 1.0 – How did we Begin? Invested ~INR 600 Cr. 1958 1980-90 1990-2000 2000-05 2005-10 • Late Shri Venkatesh Kamat • Opened second hotel at started Satkar Hotel in Andheri, Mumbai Mumbai at Churchgate • Opened Maharashtra’s first and only heritage hotel – Fort • Incorporated KAMAT HOTELS • Opened
Slide 6: KHIL 2.0 – How did we Transform?
KHIL 2.0 – How did we Transform? 2010-14 Introspective Phase 2015-22 Reform and Transformational Phase • Regained the trust and confidence from lender In INR Mn • Economy slowdown: KHIL’s operations were impacted due to slowdown in Indian economy leading through regular payments and continuous Year
Slide 7: KHIL 2.0
KHIL 2.0 Then Now (FY 2016) (FY 2023) No. of Brands 5 5 10 No. of Properties 13 1,200 No. of Keys 1,500+ 5,750 Average Room Rate (INR) 6,500 1,580 2,990 Revenue (INR Mn) 6,150 2,975 Debt (INR Mn) 6
Slide 8: Presence across India
Presence across India Hotel Location Type Keys Orchid Hotel Pune Leased 410 Orchid Hotel Manali Orchid Hotel Mumbai Owned 372 Orchid Hotel IRA Mumbai Owned 195 Shimla IRA Bhubaneshwar Leased 111 Orchid Hotel Orchid Hotel Shimla Mgmt. Cont. 96 Mumbai Fort JadhavGadh Pune Leased 58 Ira Mumbai Lotus Re
Slide 9: Our Destinations
Our Destinations PURI BHUBANESWAR PUNE KONARK MANALI NASHIK MUMBAI LONAVALA MURUD SHIMLA GOA 8
Slide 10: Owned Properties
Owned Properties THE ORCHID HOTEL, MUMBAI: 372 Keys IRA BY ORCHID HOTELS, MUMBAI: 195 Keys Asia’s First Ecotel Certified 5-Star hotel close to Mumbai Domestic Airport 9
Slide 11: Managed Properties
Managed Properties THE ORCHID HOTEL, SHIMLA: 96 Keys THE ORCHID HOTEL, MANALI: 47 Keys THE ORCHID HOTEL, LONAVALA: 36 Keys 10
Slide 12: Leased Properties
Leased Properties IRA BY ORCHID HOTELS, BHUBANESHWAR: THE ORCHID HOTEL, PUNE: 410 Keys IRA BY ORCHID HOTELS, NASHIK: 31 Keys 111 Keys Pune’s Largest Convention & Mice Destination! LOTUS ECO BEACH RESORT, LOTUS ECO BEACH RESORT, KONARK: 33 Keys LOTUS ECO BEACH RESORT, GOA: 48 Keys MURUD-DAPOLI: 40 Ke
Slide 13: Leased Properties
Leased Properties FORT JADHAVGADH: 58 Keys MAHODADHI PALACE, PURI: 33 Keys Maharashtra’s first fort heritage hotel Odisha’s only beach view Palace Hotel offering a unique royal experience 12
Slide 14: Experienced Board Members
Experienced Board Members Dr. Vithal Venkatesh Kamat Vishal Vithal Kamat Vidita Vithal Kamat Sanjeev Badriprasad Vilas Ramchandra Ramnath P. Sarang Executive Chairman & Additional Director – Non-Executive Director Rajgarhia Koranne Independent Managing Director Kamats Group & CEO (Fort Experience of
Slide 15: Professional Management Team
Professional Management Team Smita B. Nanda Varun Sahni Sanjeev Advani CFO Kamat Group Vice President Operations Vice President of Sales 27+ years of Professional 27+ years of experience in hospitality 30+ years of experience as Hospitality experience in varied fields industry (operations & sales) p
Slide 16: Kamat Hotels (India) Limited: Brand Portfolio
Kamat Hotels (India) Limited: Brand Portfolio
Slide 17: Portfolio of the Brands
Portfolio of the Brands No. of years 25+ 15+ 12+ 12+ Upcoming Market Segment Premium Premium Premium Mid-Premium Mid-Premium No. of Properties 5 1 1 3 3 No. of Keys 961 58 33 121 337 Occupancy (%)* 80% 55% - 55% 80% Revenue (INR Mn)* 1,971@ 205 28 173 696 *as on FY 2023; @includes managed properties
Slide 18: The ORCHID
The ORCHID Type Keys Pune Mumbai Lonavala Leased 410 Owned 372 Shimla Manali Management Contract 179 Total 961 Occupancy (%) ARR (INR) Since 1997 FY 2019: 75% FY 2019: 4,597 961 5 64% FY 2023: 80% FY 2023: 5,549 No. of Keys No. of Hotels Revenue Contribution ARR - Average Room Rate 17
Slide 19: IRA By ORCHID
IRA By ORCHID Launched on 1st July 2023 Type Keys Leased 142 337 3 Owned Total 195 337 No. of Keys No. of Hotels IRA BY ORCHID HOTELS IRA BY ORCHID HOTELS IRA BY ORCHID HOTELS MUMBAI BHUBANESHWAR BHUBANESHWAR ARR - Average Room Rate 18
Slide 20: Fort JadhavGadh
Fort JadhavGadh Since 2007 Occupancy (%) FY 2019: 55% Leased Property FY 2023: 55% 58 No. of Keys ARR (INR) FY 2019: 6,114 7% Revenue Contribution FY 2023: 7,553 ARR - Average Room Rate 19
Slide 21: Lotus Resorts
Lotus Resorts Since 2007 Occupancy (%) 121 3 6% FY 2019: 50% No. of Keys No. of Hotels Revenue Contribution All Leased Property FY 2023: 55% ARR (INR) FY 2019: 3,030 Lotus Eco Beach Lotus Eco Beach Lotus Eco Beach Resort Konark Resort Goa Resort Murud Dapoli FY 2023: 4,299 ARR - Average Room Rate 20
Slide 22: Kamat Hotels (India) Limited: Future Plan
Kamat Hotels (India) Limited: Future Plan
Slide 23: Upcoming Projects
Upcoming Projects Number of Commencement Region Brand Rooms period Orchid Hotel Dehradun Orchid Hotel Chandigarh The Orchid Hotel 123 April 2024 Chandigarh Dehradun The Orchid Hotel 68 April 2024 Orchid Hotel Jamnagar Ira by Orchid Bhavnagar 61 April 2024 Ira Hotels Bhavnagar Jamnagar The Orchid Hot
Slide 24: Leveraging our strengths for future growth
Leveraging our strengths for future growth Our Strengths & Capabilities Strategy Going Forward Unique set of properties from business hotels to luxurious Continue looking for extraordinary properties to Diverse Portfolio resorts and hotels in iconic heritage buildings provide plethora of options for
Slide 25: KHIL 3.0: Future Plan
KHIL 3.0: Future Plan Today KHIL 2.0 Change (%) (FY 2023) (FY 2025) No. of States 4 7 +75% No. of Properties 13 25 +92% No. of Keys 1,500+ 2200+ +47% Average Room Rate (INR) 6,500 7,500 +15% 2,990 4,000 +34% Revenue (INR Mn) Debt (INR Mn) 2,975 1,750 -41% 24
Slide 26: Kamat Hotels (India) Limited: Quarterly Highlights
Kamat Hotels (India) Limited: Quarterly Highlights
Slide 27: Q1FY24 Highlights
Q1FY24 Highlights Revenue EBITDA Profit Before Tax Profit After Tax Standalone: INR 515 Mn Standalone: INR 157 Mn Standalone: INR 28 Mn Standalone: INR 14 Mn Consolidated: INR 696 Mn Consolidated: INR 231 Mn Consolidated: INR 26 Mn Consolidated: INR 11 Mn Comments on consolidated financial results B
Slide 28: Profit & Loss Statement
Profit & Loss Statement (On Consolidated basis) Particulars (INR Mn) Q1 FY24 Q1FY23 Y-o-Y Q4 FY23 Q-o-Q Revenue from Operations 696.2 689.4 1.0% 804.5 (13.5)% Other Income 23.3 12.1 91.8% 16.9 37.9% Total Revenue 719.4 701.5 2.6% 821.4 (12.4)% Expenditure* 465.5 395.7 17.6% 530.3 (12.2)% EBITDA 253.
Slide 29: Kamat Hotels (India) Limited: Historical Performance
Kamat Hotels (India) Limited: Historical Performance
Slide 30: Historical Performance
Historical Performance (On Consolidated basis) Revenue (INR Mn) Room Food & Beverage +26% 39% 39% 42% 43% 38% Surpassed the pre-pandemic levels 2,989.6 61% 61% 58% 57% 62% 2,382.0 2,234.0 FY19 FY20 FY21 FY22 FY23 Covid years 1,456.3 Orchid Fort Jadhav Gadh Mahodhadi Palace Lotus Resorts Ira 674.9 22
Slide 31: Historical Performance
Historical Performance (On Consolidated basis) EBITDA (INR Mn) EBITDA Margin (%) 1,086.8 36.8% 31.1% 29.0% 719.9 25.4% 633.8 366.8 13.4% 88.5 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 PAT (INR Mn) EPS (INR) 3,128.8 131.1 168.9 247.7 7.2 10.5 -362.9 -226.7 -15.4 -9.6 FY19 FY20 FY21 FY22 FY23
Slide 32: Balance Sheet
Balance Sheet (On Consolidated basis) Debt (INR Mn) Cash & Cash Equivalents (INR Mn) Net worth (INR Mn) Substantial Reduction in Debt (26)% 225 1,540.9 4,947.4 4,505.7 4,409.8 Turned Positive 4,392.8 154 3,273.4 135 121 80 -1,229.9 -1,478.4 -1,587.5 -1,811.7 FY19 FY20 FY21 FY22 FY23* FY19 FY20 FY21
Slide 33: Cashflow
Cashflow CASH FLOW FROM OPERATIONS (INR Mn) FREE CASH FLOW (INR Mn) 1,162 3,583 789 741 307 381 419 10 57 FY19 FY20 FY21 FY22 FY23 -10 FY19 FY20 FY21 FY22 FY23 Company will utilise free cashflow to further strengthen balance sheet and support growth opportunities (On Consolidated basis) 32
Slide 34: Outlook
Outlook • Focus on Topline growth through newer projects in pipeline • Enhancing unit level operation efficiency by focussing on Electricity, Labour & operating expenses • Focus on Digitisation and strengthen its digital media sales and online marketing • Further strengthen the Brand portfolio and p
Slide 35: THANK YOU
THANK YOU For further details Neha Shroff / Sonia Keswani / Mahalakshmi Venkatachalam Ernst & Young LLP M: 77380 73466 / 80173 93854 E: neha.shroff@in.ey.com / sonia.keswani@in.ey.com / Mahalakshmi.Venkatachalam@in.ey.com
Kamat Hotels (India) — Q1 FY2024 Earnings Presentation on 6ix