Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q2 FY2022 Earnings Presentation
27 slides from Chalet Hotels's earnings presentation, Oct 28, 2021
Slide 1: Chalet Hotels exchange filing cover letter
CH A LET HOTELS October 28, 2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, Phiroze Jeejeebhoy Towers, Sandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir/ M
Slide 2: Presentation Q2FY22
CHALET HOTELS Presentation Q2FY22
Slide 3: Improved business environment
Improved business environment ✓ Business ramp-up post second wave faster than ramp-up post first wave ✓ Travel restrictions being eased across geographies ✓ Steady month on month increase in domestic air traffic Domestic air-traffic in September reached 55% of pre- pandemic levels ✓ Steady progress
Slide 4: Real-estate development in Koramangala, Bengaluru
Real-estate development in Koramangala, Bengaluru ❖ 9 residential towers of 10 floors each ❖ 2 residential towers of 11 floors each ❖ New Commercial block for strata sale ❖ ~Rs. 4,250 mn estimated cost to completion ❖ Project expected to be completed by FY26 A luxury residential offering by K Raheja
Slide 5: Re-strategizing
Re-strategizing Repurposing assets : Stabilize returns Inorbit Mall ✓ Repurposing to commercial space Whitefield, Bengaluru ✓ Exit negotiations with tenants almost closed ✓ Conversion expected to take 9 months 0.3 mn sq ft of Retail area ✓ Conversion underway Retail cum Office block ✓ 7 retail F&B t
Slide 6: Operational Overview
Operational Overview 5
Slide 7: Q2FY22 consolidated
Q2FY22 consolidated Sharp improvement in like-to-like performance (In Rs. Mn) Q2FY22 Revenue Revenue EBITDA 1,376 441 67% 1,161 Retail & 10x Commercial 253 18% 696 Hospitality 79% Others 24 3% Q1FY22* Q2FY22* Q2FY22 Q1FY22* Q2FY22* Q2FY22 Adjusted Reported Adjusted Reported *Adjusted for: 1. Receive
Slide 8: Performance KPIs
Performance KPIs Steady ramp-up with easing of restrictions Quarterly performance Monthly performance 12% 2800 100% 2564 73% 90% 2278 2300 2161 2074 2135 80% 1830 70% 1800 1610 59% 56% 1549 58% 1473 1408 1475 54% 54% 60% 1,318 1252 47% 1300 42% 50% 926 1,007 39% 37% 37% 36% 36% 884 40% 33% 800 24% 2
Slide 9: Hospitality Performance
Hospitality Performance Steady ramp-up with easing of restrictions 915 98% 724 627 462 358 312 138 20 19 -107 -99 -145 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22* Q2FY22* Total Revenue EBITDA *Excludes : Rebate amounting to Rs. 4.62 mn and Rs. 34.85 mn from the Hotel operator in respect of past disputed lia
Slide 10: Hospitality City-wise Performance
Hospitality City-wise Performance Q2FY22 Q1FY22 QoQ% H1FY22 H1FY21 YoY% ADR (Rs.) MMR 3,938 3,431 15% 3,738 3,719 1% Bengaluru 3,694 4,476 -17% 4,088 5,292 -23% Hyderabad 4,285 4,017 7% 4,193 4,223 -1% Pune 3,170 2,418 31% 2,943 2,930 0% H1FY22 Revenue Rs. 1,378 Mn* Combined 3,882 3,523 10% 3,743 3,
Slide 11: Hospitality efficiencies Q2FY22
Hospitality efficiencies Q2FY22 Cost efficiencies continue with improving revenues Staff to room ratio ~37%* reduction in ~44%* reduction in 0.76 Sep-21 (0.6 for on-roll staff) Fixed costs Variable costs (0.74 as on March-21) (1.18 as on Dec-19) Payroll Costs % of Revenue Utilities as a % of Revenue
Slide 12: Retail & Commercial Performance
Retail & Commercial Performance Steady rental from Commercial portfolio (In Rs. Mn) Q1FY22 Q2FY22* FY21 Total Revenue 233 377 926 SLM 21 14 115 EBITDA 191 326 724 Margin % 82% 86% 78% Updates as of September 2021: • Sahar Office Tower • Inorbit Mall Bengaluru • Rentals received as per terms • Re-str
Slide 13: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q2FY22 Q1FY22 QoQ% Q2FY21 QoQ% H1FY22 H1FY21 Var % FY21 Total Income 1,376 734 88% 617 123% 2,110 1,198 76% 3,090 Total Expenditure 935 766 22% 580 61% 1,701 1,147 48% 2,794 EBITDA from Continuing operations 441 (32) 37 408 52 296 Expenses
Slide 14: Leverage Position
Leverage Position (In Rs. Mn) Net Debt Movement Interest Rate Movement (Rupee Loans) 19,538 20,421 18,711 8.04% 47 7.92% 1,710* Bps 17,184 18,099 19,087 7.57% *Rs. 1,357 Mn Project expenses 1,527 1,439 1,334 Mar-21 Jun-21 Sep-21 Mar-21 Jun-21 Sep-21 ECB Loans Rupee Loan Excluding Preference Share Ca
Slide 15: Summary Balance Sheet
Summary Balance Sheet (In Rs. Mn) Particulars September 30, 2021 March 31, 2021 Fixed Assets 20,803 20,620 Capital Work in-progress 418 358 Investment Property 11,240 9,951 Goodwill 226 226 Other Non-Current assets* 3,285 2,963 Cash and Cash Equivalents 568 677 Other Current Assets 5,309 5,093 TOTAL
Slide 16: Ongoing Projects
Ongoing Projects The Commercial Tower in Renaissance Complex, Powai is a premium office space of ~0.75 msf. Expected to be completed by Q4FY23 The Commercial Tower in Marriott Complex, Whitefield, Bengaluru is a premium office space with leasable area of ~0.66 msf. Given the labour situation, lockdo
Slide 17: About Chalet
About Chalet 16
Slide 18: Sustainable tomorrow
Sustainable tomorrow Energy Initiatives ✓ Increase contribution of electricity sourced from non fossil fuel-based sources - 51% of total USGB Gold Leed Certification consumption in FY21 – JW Marriot Mumbai Sahar ✓ All new properties to be LEED certified – Marriott Whitefield Bengaluru ✓ Reduce energ
Slide 19: Chalet Signs Climate Group Initiatives
Chalet Signs Climate Group Initiatives First hospitality company globally to sign up for all the three initiatives of The Climate Group ✓ 100% of the vehicle fleet ✓ Chalet Hotels commits to ✓ All properties in the used for guest transport, will double its revenue per unit Company’s portfolio to tra
Slide 20: Employee Wellbeing
Employee Wellbeing Initiatives focused in dealing with Covid-19 Chalet Hotels Ranked 6# in Mid size corporates by • 1to1 Help _ Reach Out : Focused on Employee Mental Great Place to Work © health Institute India 2021 • EKIN Care : Medical advisory services for employee • Mindspace App : Covid-19 sel
Slide 21: Chalet Cares
Chalet Cares Chalet War Room Term Insurance A dedicated team which is available 24*7 to help employees connect Incase of an unfortunate event, Chalets Corporate employee’s with leads in incase of emergencies. family receives One Yearly CTC as a lump sum amount, to ensure their financial security Med
Slide 22: Guest commitment – Initiatives rolled out by brand partners
Guest commitment – Initiatives rolled out by brand partners Marriott International Accor 21
Slide 23: More than just business…
More than just business… Distributing PPE kits and meals to front Health and Safety of the guest at the Lighting up hearts, as we look forward to line workers forefront better times! 22
Slide 24: Our Hotel Portfolio
Our Hotel Portfolio Novotel Pune Nagar Road Hotel JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (427 (223 Keys) (588 Keys) (391 Keys) Keys) Strategically Chosen Brands at Key Locations Four Points by Sheraton Navi Rebranding to Westin Lakeside Chalet, Mu
Slide 25: Hotel-led Complementary Mixed-Use Developments
Hotel-led Complementary Mixed-Use Developments Strategy of co-locating projects augur well for Business Demand coupled with optimal utilization of available land Office (0.9 Mn sqft) Office Block Whitefield, Bengaluru Office & Retail Tower Sahar, Mumbai 0.4 mn sq ft 0.5 mn sq ft in Prime Location 24
Slide 26: Disclaimer
Disclaimer This release has been prepared by Chalet Hotels Ltd (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 fair and reas
Slide 27: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051