Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Investor Presentation (February 2024)
26 slides from Chalet Hotels's investor presentation, February 2024
Slide 1: Chalet Hotels Limited Corporate Presentation
CHALET HOTELS CHALET HOTELS LIMITED CORPORATE PRESENTATION February 2024 NSE|BSE: CHALET
Slide 2: Chalet Overview
a] Chalet Overview CHALET ot \ g \ B GS i GN i 294 | 10 120 | \ Keys ! \ Brands ! \ Mn Sq.ft. ! = Part of India's leading real estate group 'K Raheja Corp’, pioneer in business parks, malls, multi-brand retail = Owner, developer, asset manager, and operator of high-end hotels and mixed-use assets =
Slide 3: Strong India story
Strong India story CHALET High focus on ‘Make in India’ 1.04 bn (69%) working age population by 2030 India GDP Growth Rate 6.6-7% over FY24-27 CPI <6% over 2023-2024 as per RBI EY predicts India to be US$30 tn by 2048 Strong push on infrastructure develpment ya —— th largest economy in terms rd larg
Slide 4: Strong hospitality tailwinds driven by domestic travel
PE fo) l driven by domestic travel Strong hospitality tailwinds Strong Demand Economic factors driven by strong tail-winds and concerted government efforts caught up to pre-covid Post covid demand mainly © International travel recently 70,000 keys Planned supply over FY28 ~80% active supply Muted Su
Slide 5: Hospitality: Existing Portfolio
Hospitality: Existing Portfolio CHALET JW Marriott Mumbai Sahar The Westin Mumbai Powai Lake Lakeside Chalet, Mumbai - Four Points By Sheraton Navi 588 Keys 604 Keys Marriott Executive Apartments Mumbai, Vashi 173 Keys 152 Keys Novotel Pune Nagar Road The Dukes Retreat, Lonavala - 80 Keys 311 Keys (
Slide 6: Rental/Annuity: Existing Portfolio
me Rental/Annuity: Existing Portfolio CHALET MUMBAI BENGALURU The Orb - Retail & Office Tower CIGNUS Powai® Tower | CIGNUS Whitefield Bangalore® Tower | 0.5 Mn Sq. ft. 0.9 Mn Sq. ft. 0.7 Mn Sq. ft. Leasing commenced, CIGNUS Whitefield Bangalore® Tower II handover soon to start 0.3 msf
Slide 7: Driving Performance at The Core
PE Driving Performance at The Core CHALET Strategic Location Development Industry Leading Diversification Selection Efficiency Financial & Operational Performance = Concentrated in prime locations = Return focused investments = Driving operational excellence = Mixed-Use Developments in Major Cities
Slide 8: Led by a Strong Board
PE bee £ FS Led by a Strong Board Mr. Hetal Gandhi Chairman & Independent Director Mr. Joseph Conrad D’Souza Independent Director Mr. Ravi C. Raheja Promoter & Non- Executive Director Mr. Sanjay Sethi Managing Director and Chief Executive Officer CHALET Mr. Arthur De Haast Independent Director Ms. R
Slide 9: Hospitality: Announced pipeline
TS Hospitality: Announced pipeline CHALET 3,764 Keys 3,484 Keys | 1 1 1 \ ~870 3,094 Keys > i rooms i} 2,894 Keys ee J Dec’23 FY25 FY26 FY27 —— | — ee +200 Keys +390 Keys +280 Keys ~130 Keys ‘Taj’ at Terminal 3, Delhi ‘Hyatt Regency’ at Airoli, Bengaluru Marriott Hotel Airport Mumbai Whitefield ~70
Slide 10: Rental/Annuity: Announced pipeline
Te Rental/Annuity: Announced pipeline Strategic Risk Hedge FY24 —EEE 1.2 msf 0.9 msf CIGNUS Powai® Tower | 0.3 msf CIGNUS Whitefield Bangalore® Tower II 0.8 msf CIGNUS Powai® Tower II CHALET
Slide 11: Real Estate Development in Bengaluru
FS Realestate Development in Bengaluru. . We »» CHALET As of Dec’23 (Msf) \y Residential (A+B) 0.85 og: , Ni j i Sold in FY24 0.11 E — | To 4 Total sales till date (A) 0.39 eu lh Unsold (B) 0.46 Commercial 0.15 9 2 Rs 3,750 mn 1 Residential Towers New Residential Pending cost of Commercial Tower clo
Slide 12: Our Success story
PE Our Success story © vy ENERGY MANAGEMENT WATER & WASTE MANAGEMENT 65% Wet waste treated through Organic Waste Composters Renewable energy YTD FY24 Recycling of wastewater Rainwater harvesting system 6255 E Mobility 100% Operational assets have EV charging stations* 2 properties have 100% fleet as
Slide 13: Climate Change Actions
me Climate Change Actions CHALET First hospitality company globally to sign up for all the three initiatives of The Climate Group 1-4 100) EP Ey) EVE) The Company sourced 78% of its electricity from renewable sources in FY23 to facilitate the commitment of moving to 100% renewable energy by FY 2030-
Slide 14: Profit & Loss Statement — Year trend
profit & Loss Statement — 5 Year trend CHALET iculars (Consolidated) (in Rs. FY19 FY20 FY21 FY22 FY23 OMFY24 ADR 8,210 8,482 4,040 4,576 9,169 10,298 Occupancy 77% 71% 30% 51% 72% 71% RevPAR 6,283 6,022 1,214 2,355 6,605 7,357 Total Income 10,348 10,087 3,075 5,297 11,780 10,126 Total Expenditure 6,
Slide 15: Highlights
Highlights CHALET Particulars (in Rs. Mn) Fy19 FY20 Fy21 FY22 FY23 Dec 2023 Inventory Hotels 6 7 7 7 8 9 Rooms 2,311 2,554 2,554 2,554 2,634 2,894 Capital Employed 28,348 32,816 32,276 35,821 38,531 40,769* Investments# 656 3,277 1,433 3,489 5,985 3,000 Net Worth 14,469 15,492 14,329 13,410 15,415 1
Slide 16: Leverage Position
PE Leverage Position CHALET in Rs. Mn Mar-: Mar-19 Mar-22 Mar-23 Dec-23 Allocable to operating assets 23,339 13,581 14,147 11,757 12,432 Allocable to under-construction/to be operationalized assets 3,684 891 8,191 12,611 11,622 Net Debt 27,023 14,472 22,338 24,368 24,054 EBITDA from continued operat
Slide 17: Q3FY24 Operational Highlights
Q3FY24 OPERATIONAL HIGHLIGHTS
Slide 18: Q3 Strong trajectory
PE Q3 Strong trajectory J oat Key Metrics Remain Strong CHALET b> Superior Returns Highest Ever Consolidated Revenue at Rs 3,799 Mn Highest Ever Consolidated EBITDA at Rs 1,722 Mn RevPAR Rs. 7,838, up by 18% YoY Hospitality Revenue up by 29% YoY Hospitality EBITDA Margin at 46.3% up by 5 pp YoY Cons
Slide 19: Consolidated Performance Highlights
Consolidated Performance Highlights CHALET Highest quarterly Revenue and EBITDA il & In Rs. Mn. 3,218 3.189 Q3FY23 Q2FY24 Q3FY24 Q3FY23* Q2FY24* Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 includes Rs 263 mn one time gain and Rs 605 mn exceptional income *” Excluding one-time pre-opening expenses Rs 5 Mn (Q2
Slide 20: Hospitality: Performance Highlights
FS Hospitality: Performance Highlights In Rs. Mn. Revenue Q3FY23 Q2FY24 Q3FY24 Adjusted EBITDA Q2FY23 q2rv24* 1184 Q3Fy24 1,589 Adjusted EBITDA% Q2Fv23 40.9 ary2a* 416 Q3FY24 46.3 a> *One-time pre-opening expenses Rs 57 Mn (Q1FY24) and Rs 5 Mn (Q2FY24) for The Westin Hyderabad HITEC City = CHALET HO
Slide 21: Hospitality: City-wise Performance
a] Hospitality: City-wise Performance CHALET Q3FY: Q3FY23 YoY% OMFY24 9MFY23 YoY% FY. ADR (Rs.) 1 i MMR 11,510 11,037 1 4% | 10,746 8,972 20% 9,741 Others* 10,235 8,817 1 16% |! 9,694 7,632 27% 8,170 Combined 10,974 10,168 ' 8% 10,298 8,444 22% 9,169 1 1 Occupancy (%) ' I MMR 78% 67% ‘11 pp! 75% 73%
Slide 22: Hospitality: Enhanced Efficiencies
me Hospitality: Enhanced Efficiencies CHALET Total expenses % of Revenue 63% re Best Q3 EBITDA margin at 46.3% FY20 Q3FY23 © Q3FY24 Staff to room ratio* Utilities % of Revenue Payroll Costs % of Revenue ac 14.9% ear 12.4% 12.2% 4.38% Dec-19 Mar-23 Dec-23 FY20 Q3FY23 Q3FY24 FY20 Q3FY23 Q3FY24 *Includ
Slide 23: Rental/Annuity: Performance Highlights
e Rental/Annuity: Performance Highlights HOTELS Mn.) Q3FY24 SMFY24 9MFY23 an Total Revenue 301 887 719 EBITDA 251 715 578 EBITDA% 83% 81% 80% FY23 Q3FY24* IGNUS Powai® Tower | - 0.9 msf (0.04 msf leased in Q3FY24) i MLeasable Area mi Leased Area IGNUS Whitefield Bangalore® Tower Il - 0.3 msf 4 Artis
Slide 24: Pipeline right on track
PE Pipeline right on track New Rooms/ Leasable area The Dukes Retreat Rennovatin & Expansion ~70 New Existing rooms — 80 Bengaluru Marriott Hotel Whitefield Expansion Existing rooms — 391 “130 rooms Taj at Delhi International Airport ~390 rooms Hyatt Regency at Airoli, Navi Mumbai ~280 rooms CIGNUS
Slide 25: Safe Harbor
Safe Harbor CHALET This release has been prepared by Chalet Hotels Limited (CHL) and the information on which it has been based has been derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given are f
Slide 26: Thank You
CHALET HOTELS Chalet Hotels Limited [ h a n k Yo u Raheja Towers, 4'* Floor, Block G, BKC, Mumbai 400 051 Investor Relations Contact: Ruchi Rudra ruchi.rudra@chalethotels.com Shuchi Aggarwal Shuchi.aggarwal@chalethotels.com investorrelations@chalethotels.com
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