Lemon Tree Hotels Ltd. · NSE:LEMONTREE
Lemon Tree Hotels — Q4 FY2024 Earnings Presentation
80 slides from Lemon Tree Hotels's earnings presentation, May 29, 2024
Slide 1: Outcome of Board Meeting cover letter to exchanges
May 29, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra (E), Mumbai – 400051 Mumbai – 400001 NSE Scrip Symbol: LEMONTREE BSE Scrip Code: 541233 Subject: Financial Results for the quarter and fi
Slide 2: Signature page
This is for your information and record. Thanking You For Lemon Tree Hotels Limited JYOTI Digitally signed by JYOTI VERMA VERMA 18:20:07 +05'30' Date: 2024.05.29 Jyoti Verma Group Company Secretary and Compliance Officer M. No.: F7210 Encl: a/a
Slide 3: Independent Auditor's Report on Consolidated Results
Chartered Accountants Deloitte 7% Floor, Building 10, Tower B DLF Cyber City Complex Haskins & SellsLLP DLF City Phase - II Gurugram - 122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR’S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUART
Slide 4: Auditor's Report (continued): entities list
Deloitte Haskins & SellsLLP 16. Totally Foxed Solutions Private Limited Wholly owned subsidiary company 17. Berggruen Hotels Private Limited Subsidiary company 18. Celsia Hotels Private Limited Subsidiary company 19. Inovoa Hotels and Resorts Limited Subsidiary company 20. Ophrys Hotels Private Limi
Slide 5: Management's and Governance Responsibilities
Deloitte Haskins & SellsLLP Management’'s and Those Charged with Governance Responsibilities for the Statement This Statement, which includes the Consolidated Financial Results is the responsibility of the Parent’s Board of Directors and has been approved by them for the issuance. The Consolidated F
Slide 6: Auditor's Responsibilities
Deloitte Haskins & SellsLLP e Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls. e Evaluate the appropriateness of acc
Slide 7: Review and Other Matters
Deloitte Haskins & SellsLLP procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identi
Slide 8: Auditor's Report signature
Deloitte Haskins & SellsLLP Our report on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors. For Deloitte Haskins & Sells LLP Chartered Accountants (Firm'’s Registration No. 117366W/W-100018) i Digitally
Slide 9: Statement of Consolidated Financial Results
Lemon Tree Hotels Limited Regd Office:- AssetNo. 6, Acrocity Hospitality District , New Delhi-1 10037 Tel: 011-46050101; Fux.: 011-46050110; E-M seetdeptt@lemontrechotcls.com:Websie: www.lemontrechofels.com CIN: L74899DL1992PLC049022 Statement of Consolidated Financial Results for the Quarter and Ye
Slide 10: Consolidated Assets and Liabilities
Notes: 1. Statement of Consolidated Assets and Liabilities (@ In Laki) Farticlars Asar Asar March 31, 2024 March 31,2023 (Audited) (udited) Assets Non-current assets (o) Property,plant and equipment 311428381 24504804 (b) Capital work-in-progress 248424 4691037 (@) Investment Property 17276 17633 (@
Slide 11: Consolidated Cash Flow Statement
2. Statement of Consolidated Cash flow In Lakis) Particulars For the year ended For the year cuded Mareh 31, 2024 March 31,2023 (Audited) (Audited) A~ Cash flow from operating activitics Profit before tax. 178282 Non-cash adjsiments 10 reconcile profit hefore tox to net ash flows: Depreciation and a
Slide 12: Notes to Consolidated Results
3. The Audit Commitiee has revicwed the abave results and the Board of Dircciors has approved the above audited consolidated fnencial resuls at thei respective mestings held on May 25, 2024 and May 29, 2024, Figures for the quarter coded Mazch 31, 2024 and March 31, 2023 see balancing figures betwee
Slide 13: Independent Auditor's Report on Standalone Results
- Chartered Accountants DEIOItte 7t Floor, Building 10, Tower B DLF Cyber City Complex DL City Phase- I - Haskins & SellsLLP Gurugram - 122 002 Haryana, India Tel: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTE
Slide 14: Basis for Opinion on Standalone Results
Deloitte Haskins & SellsLLP Basis for Opinion on the Audited Standalone Financial Results for the year ended March 31, 2024 We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under Section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under t
Slide 15: Auditor's Responsibilities (Standalone)
Deloitte Haskins & SellsLLP As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: o Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or e
Slide 16: Review of Quarterly Standalone Results
Deloitte Haskins & SellsLLP (b) Review of the Unaudited Standalone Financial Results for the quarter ended March 31, 2024 We conducted our review of the Unaudited Standalone Financial Results for the quarter ended March 31, 2024 in accordance with the Standard on Review Engagements ("SRE”) 2410 ‘Rev
Slide 17: Statement of Standalone Financial Results
Lemon Tree Hotels Limited Regd Office:- Asset No. 6, Aeracity Hospi District, New Dell 110037 11-46050101: Fax.: 011-46050110; E-Mail:sectdeptr@lemontreehotels.com: Wehsit: www.lemontrechotels.com CIN: L74899DL1992PLC049022 Statement of Standalone Financial Results for the Quarter and Year ended Mar
Slide 18: Standalone Assets and Liabilities
Notes: 1. Statement of Standalone Assets and Liabilties (€ I Lakhs) Asat March | As at March Particulars 31,204 | 31,2023 (Audited) | (Audited) Assets Non-current assets (@) Propeny, plant and equipment 3822437 3878520 (b) Capital work-in-progress 248424 213505 (©) Investment Property 21937 22376 (d
Slide 19: Standalone Cash Flow Statement
2. Statement of Standalone Cash flow (% In Lakhs) For the year | For the year ended March | ended March TRl 31,204 | 31,2023 (Audited) | _(Audited) Cash flow from operating activitics Profit before tax 135718 | 1116851 Nou-cash adjustments to reconcile profit before tax 1o net cash flows: Depreciati
Slide 20: Notes to Standalone Results
Notes: 3. The Audit Committee has reviewed the above resulis and the Board of Directors has approved the above audited standalone financial results at their respective mectings held on May 28, 2024 and May 29, 2024, Figures for the quarter ended March 31, 2024 and March 31, 2023 are balancing figure
Slide 21: Lemon Tree Hotels Limited Q4 FY24
29-May-2024 Q4 FY24 Earnings Presentation 1 Lemon Tree Hotels Limited Q4 FY24 Earnings Presentation | 29th May 2024 Aurika, Mumbai SkyCity
Slide 22: Disclaimer
29-May-2024 Q4 FY24 Earnings Presentation 2 Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actu
Slide 23: We've come a long way in 20 years
29-May-2024 Q4 FY24 Earnings Presentation 3 We've come a long way in 20 years: from a single 49 room hotel in 2004 to over 10,000 rooms across 100+ hotels in 63 destinations in India and 3 overseas.
Slide 24: We Are Everywhere
29-May-2024 Q4 FY24 Earnings Presentation 4 WE ARE EVERYWHERE
Slide 25: Chairman & Managing Director's Message
Q4 FY24 Earnings Presentation 29-May-2024 5 Chairman & Managing Director’s Message Commenting on the performance for Q4 FY24, Mr. Patanjali Keswani, Chairman & Managing Director – Lemon Tree Hotels Limited said, “In Q4, Lemon Tree Hotels continued its growth momentum from the previous year. Q4 FY24
Slide 26: Q4 FY24 performance across key financial metrics
29-May-2024 Q4 FY24 Earnings Presentation 6 Q4 FY24 performance across key financial metrics Q4 FY24 performance snapshot vs Q4 FY23 Total Revenue EBITDA EBITDA % Rs. 331.2 Cr Rs. 175.3 Cr 52.9% Up 30% Up 24% Down 278 bps PAT Cash Profit# Cost of Debt % Rs. 84.0 Cr Rs. 117.4 Cr 8.86%* Up 42% Up 42%
Slide 27: FY24 performance across key financial metrics
29-May-2024 Q4 FY24 Earnings Presentation 7 FY24 performance across key financial metrics FY24 performance snapshot vs FY23 Total Revenue EBITDA EBITDA % Rs. 1076.8 Cr Rs. 528.9 Cr 49.1% Up 23% Up 16% Down 278 bps PAT Cash Profit# Cost of Debt % Rs. 181.7 Cr Rs. 293.8 Cr 8.86%* Up 29% Up 24% Down 22
Slide 28: Q4 FY24 Operational Metrics (Consolidated)
29-May-2024 Q4 FY24 Earnings Presentation 8 Q4 FY24 Performance Highlights – Operational Metrics (Consolidated) Inventory Average Room Rate (Rs.) Owned/Leased rooms Managed/Franchised Total rooms 4% rooms QoQ 18% 13% 6,605 6,605 YoY 6,333 9,863 5,824 YoY 13% YoY 8,382 25% YoY 5,759 5,090 4,104 3,292
Slide 29: Q4 FY24 Financial Metrics (Consolidated)
29-May-2024 Q4 FY24 Earnings Presentation 9 Q4 FY24 Performance Highlights – Financial Metrics (Consolidated) Revenue from Operations (Rs. Cr) Net EBITDA (Rs. Cr) 24% 24% 30% 13% YoY QoQ YoY 327.3 QoQ 327.3 175.3 175.3 290.2 141.9 141.9 252.7 Q4 FY23 Q4 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q4 FY24 Q3 FY24 Q
Slide 30: Q-o-Q performance of FY23 and FY24
29-May-2024 Q4 FY24 Earnings Presentation 10 Q-o-Q performance of FY23 and FY24 Q4 FY24 was the best ever “Q4” in terms of Gross ARR, Revenue, EBITDA, PBT and PAT Particulars Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24 Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Gross ARR (Rs.) 6,605 6,333 5,268 5,237 5,824 5,738 4,917 4,8
Slide 31: Total Management Fees | Q4 FY24 vs Q4 FY23
29-May-2024 Q4 FY24 Earnings Presentation 11 Total Management Fees | Q4 FY24 vs Q4 FY23 41.2 26.8 27.8 14.4 + 17.1 = 10.7 Management / Franchise fees from 3rd party Management Fees from Fleur Hotels Total Management Fees hotels Q4 FY23 Q4 FY24 Fees to Lemon Tree Hotels (Rs. Cr) Q4 FY23 Q4 FY24 Growt
Slide 32: Total Management Fees | FY24 vs FY23
29-May-2024 Q4 FY24 Earnings Presentation 12 Total Management Fees | FY24 vs FY23 134.3 103.0 84.2 67.2 50.1 + = 35.8 Management / Franchise fees from 3rd party Management Fees from Fleur Hotels Total Management Fees hotels FY23 FY24 Fees to Lemon Tree Hotels (Rs. Cr) FY23 FY24 Growth % Management /
Slide 33: Market Segments: Q4 FY24 vs Q4 FY23
29-May-2024 Q4 FY24 Earnings Presentation 13 Market Segments: Q4 FY24 vs Q4 FY23 (with Aurika, Mumbai SkyCity) Market Segments Room Nights Sold – Q4 FY24 vs Q4 FY23 38% 40 % 35% 35 % 31% 32% 30 % 25 % 20 % 13% 15 % 9% 11% 8% 8% 7% 10 % 3% 5% 5% 0% Corporate Airline Travel Trade OTA LT.com Other FITs
Slide 34: Market Segments: FY24 vs FY23
29-May-2024 Q4 FY24 Earnings Presentation 14 Market Segments: FY24 vs FY23 (with Aurika, Mumbai SkyCity) Market Segments Room Nights Sold – FY24 vs FY23 45 % 41% 37% 32% 40 % 35 % 32% 30 % 25 % 20 % 15 % 10% 8% 8% 10% 7% 6% 6% 3% 10 % 5% 0% Corporate Airline Travel Trade OTA LT.com Other FITs FY23 F
Slide 35: Q4 FY24 Operational Performance by Brands & Region
29-May-2024 Q4 FY24 Earnings Presentation 15 Q4 FY24 Operational Performance by Brands & Region (On full inventory basis including Aurika, Mumbai SkyCity) Hotel level Average Daily Rate Hotel level EBITDAR Parameters RevPAR (Rs.) Occupancy Rate (%) EBITDAR/room/qtr. (Rs.) Margin %** (Rs. Lacs)** Q4
Slide 36: Consolidated P&L: Q4 FY24 vs Q4 FY23
29-May-2024 Q4 FY24 Earnings Presentation 16 Consolidated P&L: Q4 FY24 vs Q4 FY23 Q4 FY24 Consolidated P&L Waterfall – Revenue to Cash Profit (Rs. Cr) Q4 FY24 vs Q4 FY23 Consolidated P&L waterfall to explain delta (Rs. Cr) Cash Profit = PAT + Depreciation Figures include Aurika, Mumbai SkyCity which
Slide 37: Consolidated P&L: FY24 vs FY23
29-May-2024 Q4 FY24 Earnings Presentation 17 Consolidated P&L: FY24 vs FY23 FY24 Consolidated P&L Waterfall – Revenue to Cash Profit (Rs. Cr) FY24 vs FY23 Consolidated P&L waterfall to explain delta (Rs. Cr) Cash Profit = PAT + Depreciation Figures include Aurika, Mumbai SkyCity which opened in Q3 F
Slide 38: Cost Structure: Q4 FY24 vs Q4 FY23
29-May-2024 Q4 FY24 Earnings Presentation 18 Cost Structure: Q4 FY24 vs Q4 FY23 * Expenses as a percentage of total revenue Up 278 bps 47.1% 44.3% Up 298 bps Down 103 bps 19.8% 16.1% 16.9% 15.1% Down 31 bps Up 114 bps 6.2% 6.3% 6.0% 5.1% Payroll expenses* F&B/Raw Material expenses* Power & Fuel expe
Slide 39: Cost Structure: FY24 vs FY23
29-May-2024 Q4 FY24 Earnings Presentation 19 Cost Structure: FY24 vs FY23 * Expenses as a percentage of total revenue Up 278 bps 50.9% 48.1% Up 39 bps Up 281 bps 20.4% 17.0% 17.4% 17.6% Down 57 bps Up 15 bps 7.8% 7.2% 5.7% 5.8% Payroll expenses* F&B/Raw Material expenses* Power & Fuel expenses* Othe
Slide 40: Consolidated Profit & Loss Statement – Q4 FY24
29-May-2024 Q4 FY24 Earnings Presentation 20 Lemon Tree Consolidated Profit & Loss Statement – Q4 FY24 Q4 FY24 vs Q4 FY24 vs Rs. Cr Q4 FY24 Q3 FY24 Q4 FY23 Q3 FY24 Q4 FY23 Change (%) Change (%) Revenue from operations 327.3 290.2 252.7 13% 30% Other income 3.9 0.7 2.0 464% 89% Total revenue 331.2 29
Slide 41: Consolidated P&L Statement Breakup
29-May-2024 Q4 FY24 Earnings Presentation 21 Lemon Tree Consolidated Profit & Loss Statement Breakup Lemon Tree Consolidated Keys Hotels Lemon Tree Consolidated excluding Keys Hotels Rs. Cr Q4 Q3 Q4 QoQ YoY Q4 Q3 Q4 QoQ YoY Q4 Q3 Q4 QoQ YoY FY24 FY24 FY23 Change Change FY24 FY24 FY23 Change Change F
Slide 42: Discussion on Consolidated Performance – Q4 FY24
29-May-2024 Q4 FY24 Earnings Presentation 22 Discussion on Consolidated Financial & Operational Performance – Q4 FY24 ❖ Revenue from operations stood at Rs. 327.3 Cr in Q4 FY24 which was up 12.8% from Rs. 290.2 Cr in Q3 FY24 and was up 29.5% as compared to Rs. 252.7 Cr in Q4 FY23 ❖ Gross ARR stood a
Slide 43: Consolidated Profit & Loss Statement – FY24
29-May-2024 Q4 FY24 Earnings Presentation 23 Lemon Tree Consolidated Profit & Loss Statement – FY24 FY24 vs Rs. Cr FY24 FY23 FY23 Change % Revenue from operations 1071.1 875.0 22% Other income 5.6 3.6 58% Total Income 1076.8 878.6 23% Total expenses 547.9 422.6 30% Net EBITDA 528.9 455.9 16% Net EBI
Slide 44: Consolidated Balance Sheet – FY24
29-May-2024 Q4 FY24 Earnings Presentation 24 Lemon Tree Consolidated Balance Sheet – FY24 FY24 vs Rs. Cr FY24 FY23 FY23 Change % Shareholder's Funds 966.9 853.7 13% Non-controlling interests 579.5 559.7 4% Total Shareholder’s equity 1546.4 1413.4 9% Total Debt 1889.1 1745.7 8% Other Non-current liab
Slide 45: Hotel Network Revenue – Q4 FY24 vs Q4 FY23
29-May-2024 Q4 FY24 Earnings Presentation 25 Lemon Tree Hotel Network Revenue – Q4 FY24 vs Q4 FY23 Hotel Network Revenue Q4 FY24 vs Q4 FY23 Change Q4 FY24 Q4 FY23 (Rs. Cr) (%) Owned Hotels 310.3 243.2 28% Managed and Franchised Hotels 183.8 133.1 38% Total Network Revenue 494.1 376.3 31% Figures inc
Slide 46: Hotel Network Revenue – FY24 vs FY23
29-May-2024 Q4 FY24 Earnings Presentation 26 Lemon Tree Hotel Network Revenue – FY24 vs FY23 Hotel Network Revenue FY24 FY23 FY24 vs FY23 Change (%) (Rs. Cr) Owned Hotels 1014.2 841.2 21% Managed and Franchised Hotels 606.8 489.0 24% Total Network Revenue 1621.0 1330.2 22% Figures include Aurika, Mu
Slide 47: Expansion Plans – Hotels under Development
29-May-2024 Q4 FY24 Earnings Presentation 27 Expansion Plans – Hotels under Development Under-development hotels Type Rooms Expected Opening date Ownership (%) Lemon Tree Mountain Resort, Shimla Owned 69 TBD 100.00% Total capital deployed/capital expenditure already incurred (i.e. CWIP + Land Capi
Slide 48: Expected opening of inventory in managed & franchised pipeline
29-May-2024 Q4 FY24 Earnings Presentation 28 Expected opening of inventory in pipeline of managed & franchised contracts (as of 31st March 2024) Total FY24 To be announced Rooms Brands FY25 FY26 FY27 (Opened) (TBA) (Hotels) FY25 onwards 242 242 Aurika Hotels & Resorts - - - - (2) (2) 197 200 82 479
Slide 49: Hotels opened and signed in Q4 FY24
29-May-2024 Q4 FY24 Earnings Presentation 29 Hotels opened and signed in Q4 FY24 (managed & franchised contracts) Hotels opened in Q4 FY24 # Hotels States Rooms Opening Dates 1 Keys Lite by Lemon Tree Hotels, Dapoli Maharashtra 20 Jan-24 2 Lemon Tree Resort, Kumbhalgarh Rajasthan 59 Feb-24 3 Keys Se
Slide 50: Pipeline of managed & franchised contracts (1 of 2)
29-May-2024 Q4 FY24 Earnings Presentation 30 Expansion Plans – Pipeline of managed & franchised contracts by opening (1 of 2) # Hotels Pipeline States Rooms Expected Opening 1 Lemon Tree Hotel, Jamshedpur Jharkhand 42 FY25 2 Lemon Tree Hotel, Anjuna, Goa Goa 51 FY25 3 Lemon Tree Premier, Kanha Madhy
Slide 51: Pipeline of managed & franchised contracts (2 of 2)
29-May-2024 Q4 FY24 Earnings Presentation 31 Expansion Plans – Pipeline of managed & franchised contracts by opening (2 of 2) # Hotels Pipeline States Rooms Expected Opening 33 Lemon Tree Hotel Jabalpur Madhya Pradesh 75 FY26 34 Lemon Tree Hotel Gomti Nagar Lucknow Uttar Pradesh 72 FY26 35 Lemon Tre
Slide 52: Lemon Tree – Snapshot as on 31st March 2024
29-May-2024 Q4 FY24 Earnings Presentation 32 Lemon Tree – Snapshot as on 31st March 2024 Operational Pipeline Operational + Pipeline Group 9,863 rooms; 4,156 rooms; 14,019 rooms; 104 hotels 62 hotels 166 hotels Brand Current Pipeline Operational + Pipeline Aurika Hotels & Resorts 863 Rooms; 3 Hotels
Slide 53: Portfolio Breakup – Operational
29-May-2024 Q4 FY24 Earnings Presentation 33 Portfolio Breakup as on 31st March 2024 - Operational Owned (incl. on leased Operational Portfolio Leased Managed/ Franchised Total land) Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms Aurika Hotels & Resorts 2 808 - - 1 55 3 863 Lemon Tree Premier 7
Slide 54: Portfolio Breakup – Pipeline
29-May-2024 Q4 FY24 Earnings Presentation 34 Portfolio Breakup as on 31st March 2024 - Pipeline Owned (incl. on leased Pipeline Portfolio Leased Managed/ Franchised Total land) Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms Aurika Hotels & Resorts 0 0 0 0 2 242 2 242 Lemon Tree Premier 0 0 0 0
Slide 55: Update on the Roadmap for next 5 years – CY24 to CY28
29-May-2024 Q4 FY24 Earnings Presentation 35 Update on the Roadmap for next 5 years – CY24 to CY28
Slide 56: Lemon Tree 2.0: Roadmap for next 5 years
29-May-2024 Q4 FY24 Earnings Presentation 36 Lemon Tree 2.0: Roadmap for next 5 years – CY24 to CY28 Lemon Tree 2.0 Superior financial Mid-market hotel Strong balance Leader in Leader in performance flagbearer sheet digital ESG Strategic Levers (How will we make this Asset Light Digital Simplifying
Slide 57: LT 2.0: clear and achievable outcomes over next 5 years
29-May-2024 Q4 FY24 Earnings Presentation 37 LT 2.0: setting clear and achievable outcomes over the next 5 years – CY24 to CY28 Superior financial Mid-market hotel leader Strong balance sheet Leader in digital Leader in ESG performance Bionic Revenue 100% green 20k+ hotel rooms Management certified
Slide 58: On track to meet guidance for next 5 years
29-May-2024 Q4 FY24 Earnings Presentation 38 On track to meet guidance given for the next 5 years – CY24 to CY28 Target for Particulars End of FY24 Status CY28 / FY29 Net EBITDA % Stable 50% 49.1% On-track Gross Debt (Rs. Cr) Debt Free Rs. 1,889 Cr On-track 4,104 rooms operational (a) and Managed &
Slide 59: Annexure
29-May-2024 Q4 FY24 Earnings Presentation 39 Annexure
Slide 60: Keys Select Hotel, Pimpri Pune | Re-pricing and RevPAR increase
29-May-2024 Q4 FY24 Earnings Presentation 40 Keys Select Hotel, Pimpri Pune | Re-pricing and RevPAR increase amidst on-going renovation Keys Select Hotel, Pimpri Pune Q4 FY24 Q4 FY23 % Change (Current performance) (Pre-Renovation) Operating Inventory 88* 101 - Rooms Per Day 75 77 -3% Occupancy % ~84
Slide 61: Lemon Tree Mountain Resort, Shimla | Representation
29-May-2024 Q4 FY24 Earnings Presentation 41 Lemon Tree Mountain Resort, Shimla | Representation
Slide 62: Lemon Tree Mountain Resort, Shimla | Current
29-May-2024 Q4 FY24 Earnings Presentation 42 Lemon Tree Mountain Resort, Shimla | Current
Slide 63: Lemon Tree Mountain Resort, Shimla | Current
29-May-2024 Q4 FY24 Earnings Presentation 43 Lemon Tree Mountain Resort, Shimla | Current
Slide 64: Lemon Tree Mountain Resort, Shimla | Current
29-May-2024 Q4 FY24 Earnings Presentation 44 Lemon Tree Mountain Resort, Shimla | Current
Slide 65: Aurika, Mumbai SkyCity | Façade
29-May-2024 Q4 FY24 Earnings Presentation 45 Aurika, Mumbai SkyCity | Façade OPENED ON 5TH OCT 2023 Aurika, Mumbai SkyCity
Slide 66: Aurika, Mumbai SkyCity | Swimming Pool
29-May-2024 Q4 FY24 Earnings Presentation 46 Aurika, Mumbai SkyCity | Swimming Pool
Slide 67: Aurika, Mumbai SkyCity | Ekaara, The Ballroom
29-May-2024 Q4 FY24 Earnings Presentation 47 Aurika, Mumbai SkyCity | Ekaara, The Ballroom
Slide 68: Aurika, Mumbai SkyCity | Pre-function Area
29-May-2024 Q4 FY24 Earnings Presentation 48 Aurika, Mumbai SkyCity | Pre-function Area
Slide 69: Aurika, Mumbai SkyCity | Meeting Room
29-May-2024 Q4 FY24 Earnings Presentation 49 Aurika, Mumbai SkyCity | Meeting Room
Slide 70: Aurika, Mumbai SkyCity | Board Room
29-May-2024 Q4 FY24 Earnings Presentation 50 Aurika, Mumbai SkyCity | Board Room
Slide 71: Aurika, Mumbai SkyCity | Ariva, The Bar
29-May-2024 Q4 FY24 Earnings Presentation 51 Aurika, Mumbai SkyCity | Ariva, The Bar
Slide 72: Aurika, Mumbai SkyCity | Lobby
29-May-2024 Q4 FY24 Earnings Presentation 52 Aurika, Mumbai SkyCity | Lobby
Slide 73: Aurika, Mumbai SkyCity | Presidential Suite
29-May-2024 Q4 FY24 Earnings Presentation 53 Aurika, Mumbai SkyCity | Presidential Suite
Slide 74: Aurika, Mumbai SkyCity | Presidential Suite
29-May-2024 Q4 FY24 Earnings Presentation 54 Aurika, Mumbai SkyCity | Presidential Suite
Slide 75: Aurika, Mumbai SkyCity | Suite
29-May-2024 Q4 FY24 Earnings Presentation 55 Aurika, Mumbai SkyCity | Suite
Slide 76: Aurika, Mumbai SkyCity | Room
29-May-2024 Q4 FY24 Earnings Presentation 56 Aurika, Mumbai SkyCity | Room
Slide 77: ESG | Highlights of FY23 initiatives
29-May-2024 Q4 FY24 Earnings Presentation 57 ESG | Highlights of FY23 initiatives Energy Renewable energy Green building Diversity and inclusion 15% 10% 50% 10.97% 100% 25% 30% 13% Reduction in Reduction in Renewable energy Renewable energy Certified Green Certified Green ODIs1 in the ODIs1 in the E
Slide 78: Conference Call Details
29-May-2024 Q4 FY24 Earnings Presentation 58 Conference Call Details Time • 4:00 PM IST, Monday, June 3, 2023 Conference dial-in Primary number • Primary number: +91 22 6280 1141 / +91 22 7115 8042 • Hong Kong: 800 964 448 • Singapore: 800 101 2045 International Toll Free Number • UK: 0 808 101 1573
Slide 79: About Lemon Tree Hotels
29-May-2024 Q4 FY24 Earnings Presentation 59 About Lemon Tree Hotels Lemon Tree Hotels Limited (LTHL) is one of the largest hotel chains in India, and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale and economy segments. LTHL delivers differentiated yet superior s
Slide 80: Details of Outstanding Qualified Borrowings letter
May 29, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai – 400001 Bandra (E), Mumbai – 400051 NSE Scrip Symbol: LEMONTREE BSE Scrip Code: 541233 Sub: Details of Outstanding Qualified Borrowings