Slide 1: Result Analysis exchange cover letter
JHL/SJ/2024/67 November 11, 2024 National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Fort, Mumbai - 400 051 Mumbai - 400 001 Symbol: JUNIPER Scrip Code: 544129 Sub.: Resu
Slide 2: Q2FY25 Result Analysis
Q2FY25 Result Analysis
Slide 3: Key Highlights → Q2FY25
Key Highlights → Q2FY25 ❑ Key Highlights ▪ Strategic acquisition of a big-box, near completed hotel in Bengaluru o Acquisition cost ₹ 325 Cr o 6.5 acre freehold land ❑ Operating Highlights ▪ Achieved Total Income of ₹ 222.9 Cr → ~32% YoY growth ▪ Reported EBITDA of ₹ 72.8 Cr → ~21% YoY growth ▪ Repo
Slide 4: Juniper Hotels – An Overview
Juniper Hotels – An Overview Portfolio Snapshot Footprint Segment split of Keys1 Andaz Delhi 8 (Number and % of keys under each segment) Hotel Assets1 Upscale, Hyatt Delhi Residences 119 6% Hyatt Regency Ahmedabad 2,115 Number of Keys1 Hyatt Regency Lucknow 2.06 lakh sq. ft 44% 2,115 50% Keys Hyatt
Slide 5: Juniper Revenue → Segmental View
Juniper Revenue → Segmental View Multiple Revenue Streams (H1 FY25) 1 Other Hospitality, Room Revenue: 6% • Room revenue to be primarily driven by ARR growth owing to Industry Lease tailwinds & refreshed Grand Hyatt Mumbai rooms Rentals, 4% 2 F&B and MICE Revenue: ₹ 414.2 Cr • Modernization and addi
Slide 6: Key Performance Metrics
Key Performance Metrics Q2FY25 Q1FY25 Q-o-Q Q2FY24 Y-o-Y H1FY25 H1FY24 Y-o-Y ARR (₹) Luxury 12,191 11,686 4% 11,218 9% 11,937 10,880 10% Upper Upscale & 7,095 7,052 1% 6,698 6% 7,047 6,655 6% upscale Consolidated 9,879 9,667 2% 9,352 6% 9,774 9,199 6% Occupancy (%) Luxury 79% 69% 78% 71% 1 pp -2 pp
Slide 7: Financial Performance
Financial Performance 6
Slide 8: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss All figures in INR Crores Q2FY25 Q1FY25 QoQ var. Q2FY24 YoY var. H1FY25 H1FY24 YoY var. Revenue from Operations 214.5 199.7 7% 168.5 27% 414.2 336.1 23% Other Income 8.3 5.1 63% 0.0 N.M. 13.5 1.3 N.M. Total Income 222.9 204.8 9% 168.5 32% 427.7 337.4 27% Expen
Slide 9: Strong growth in revenue ….
Strong growth in revenue …. Total Income • H1 Total Income stood at ₹427.7 Cr → 27% YoY growth (INR Crores) o despite ~115 rooms out of service due to refurbishment 27% at Grand Hyatt Mumbai 427.7 • ARR growth of both Grand Hyatt Mumbai and Andaz Delhi outperformed their respective markets; 13.5 26.
Slide 10: … leading to growth in EBITDA
… leading to growth in EBITDA Split of Revenue into → Cost & EBITDA • EBITDA grew by ~13% YoY in H1FY25 (INR Crores) 427.7 • Achieved consolidated EBITDA margins of ~34% in H1FY25; 8% o Consolidated EBITDA Margin for H1FY25 adjusting for one-time 33.9 overheads3 is ~37.1% 337.4 o Comparable consolid
Slide 11: Ex Grand Hyatt Mumbai portfolio: Strong operating performance
Ex Grand Hyatt Mumbai portfolio: Strong operating performance Ex-Grand Hyatt Mumbai Portfolio→ YoY Operating performance H1FY24 H1FY25 Food and beverages 8.5% 8.2% consumed 14.1% 14.7% Employee benefits +2.6 pp Operating EBITDA 39.9% 42.5% expense margin expansion Other expenses (Driven by increasin
Slide 12: Balance Sheet
Balance Sheet (JUNIPER
Slide 13: H1FY25 Balance Sheet
H1FY25 Balance Sheet INR Crores As at • Deferred tax asset of ~₹ 40 Cr due to impact of amendments w.r.t Finance Bill 2024 Particulars Sept. 30 2024 Sept. 30 2023 • Total Business Loss and Unabsorbed Depreciation upwards of ₹ 1,100 Cr to be adjusted against future profits Non Current Assets 3,740 3,
Slide 14: Industry trends
Industry trends JUNIPER
Slide 15: Long-term structural tailwinds intact
Long-term structural tailwinds intact World Bank has raised the growth forecast for the Indian economy for FY25 to 7% from 6.6% projected earlier. Moody's too has upgraded its economic growth forecast for India1 Structural dynamics in the hospitality Demand continues to outpace supply in every major
Slide 16: Key Markets: Juniper portfolio’s ARR growth outpaced peers
Juniper portfolio’s ARR growth outpaced peers Mumbai ARR YoY ARR Growth Delhi ADR YoY ARR Growth (YTD 9 months) Juniper Asset 10% (YTD 9 months) Juniper Asset 16% Comp-Set 6% Comp-Set -1% City 8% City 4% Key Markets Jan'24 Feb'24 Mar'24 Apr'24 May'24 Jun'24 Jul'24 Aug'24 Sep'24 Jan'24 Feb'24 Mar'24
Slide 17: Growth & Expansion Update
Growth & Expansion Update 16
Slide 18: “The Grand Showroom” → Redefining High-End Social Experiences
“The Grand Showroom” → Redefining High-End Social Experiences Note: Images from the launch event 17
Slide 19: Growth & Expansion Update
Growth & Expansion Update A. Inorganic Growth • Bengaluru Asset Acquired Completed • Management continues to actively pursue inorganic opportunities across top cities including Mumbai, Chennai, Kolkata, Hyderabad and Bangalore B. “The Grand Showroom” - Mumbai Completed • A new repurposed MICE space
Slide 20: 5 Star Big Box Hotel Asset acquired in Bengaluru
5 Star Big Box Hotel Asset acquired in Bengaluru Location of the Bengaluru asset Bengaluru Market Scale - 2 Km • Bengaluru Hospitality Market is the largest hotel market in India by inventory 1. • The new terminal at Bengaluru International Airport, positioned the airport as the third largest in Ind
Slide 21: 5 Star Big Box Hotel Asset acquired in Bengaluru
5 Star Big Box Hotel Asset acquired in Bengaluru Transaction Details • Acquisition of a Big-Box brownfield hotel asset situated near Bengaluru airport. • Capacity of 220-rooms built over 6.5 acres of land designed to be a five-star hotel property. • Future potential to add more rooms • MICE space of
Slide 22: Juniper 2.0 → Growth Pipeline
Juniper 2.0 → Growth Pipeline Growth in number of keys in the Juniper portfolio ~ ~ 1.5x Juniper 2.0 → Growth phase → # of Keys to grow by 2x by FY26-28 21
Slide 23: Appendix
Appendix JUNIPER
Slide 24: ESG Focus
ESG Focus • Renewable Energy Sources like Solar and Wind Energy being utilized at Grand Hyatt Mumbai, Andaz Delhi and Hyatt Delhi Residences (Grand Hyatt Mumbai is expected to meet ~78% of its energy needs through alternate / green energy sources) • Installation of a water bottling plant with recycl
Slide 25: Disclaimer
Disclaimer This presentation (“Presentation”) prepared by Juniper Hotels Limited has been solely prepared for information purposes and does not constitute a sale offer, or any invitation to subscribe for, or purchase of equity shares. The information and data which forms the basis of this Presentati
Slide 26: Thank You
Thank You Designated official for assisting and handling investor relations: Shreyans Kumar Bothra institutionalir@juniperhotels.com Sandeep Joshi retailir@juniperhotels.com