Leela Palaces Hotels & Resorts Limited · NSE:THELEELA
Leela Palaces Hotels & Resorts — Schloss Bangalore Limited (The Leela Palaces Hotels & Resorts) — Q1 FY26 Earnings Presentation
50 slides from Leela Palaces Hotels & Resorts's earnings presentation, Jul 22, 2025
Slide 1: Stock exchange cover letter for investor presentation
SCHLOSS BANGALORE LIMITED (formerly known as Schloss Bangalore Private Limited) Registered Office: The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar New Delhi South Delhi 110023 Tel No. +91 (11) 39331234 Email Id: cs@theleela.com CIN: L55209DL2019PLC347492 Website: www.theleela.com R
Slide 2: Q1 FY26 Earnings Release
Q1 FY26 EARNINGS RELEASE 22nd July 2025 The Leela Palace Bengaluru
Slide 3: Agenda
1 | The Leela Value Proposition 2 | Q1 FY26 Highlights |► Financial Highlights |► Operational highlights |► Growth Highlights 3 | Growth Strategy 4 | Appendix The Leela Palace Udaipur 2
Slide 4: The Leela Value Proposition
The Leela Value Proposition Leading Luxury Hospitality Brand in the World 250+ Global Awards Only Listed Player Focused on the Under-Served Luxury Segment ~1.4x (1) RevPAR premium Iconic Properties in High Barriers to Entry Locations 21 Hotels (2) Best-in-class EBITDA Margins 49.8% EBITDA Margin (3)
Slide 5: Leading Luxury Hospitality Brand in the World
LEADING LUXURY HOSPITALITY BRAND IN THE WORLD 250+ GLOBAL AWARDS WON World’s Best Hotel Featured in Brand The Gold List (1) Travel + Condé Nast Leisure A T I T H I D E V O B H AVA Traveler No. 1 in 2020 & 2021 (Guest Is God) 2022 | 2023 |2024 | 2025 No. 3 in 2023 & 2024 (1) The Leela Palace New Delh
Slide 6: Brand and Service Excellence Delivering Industry Leading NPS and RevPAR Premiums
Brand and Service Excellence Delivering Industry Leading NPS and RevPAR Premiums THE LEELA: NET PROMOTER SCORES REVPAR ~3X OF INDUSTRY WELL ABOVE INDUSTRY BENCHMARKS ~3.0x(1) ~1.4x(1) 290 86 85 84 210 76 74 100 FY24 FY25 Q1 FY26 India - Hospitality India - Luxury The Leela (All classes) Represents I
Slide 7: Only Listed Player Focused on the Under-Served Luxury Segment
Only Listed Player Focused on the Under-Served Luxury Segment Luxury hospitality segment is significantly ...and the gap is widening underserved ... ~490 bps 170k 13.7% Branded Keys 8.8% ~17% 29k FY 25-28E Luxury Branded Luxury Demand CAGR Luxury Supply CAGR Keys Source: HVS Industry Report (1) No.
Slide 8: Iconic Properties in High Barriers to Entry Locations
Iconic Properties in High Barriers to Entry Locations Srinagar 13 Properties +8 in Pipeline Delhi NCR Agra Sikkim Jaipur Ayodhya Udaipur Ranthambore 3,544 Keys Gandhinagar Bandhavgarh +966 in Pipeline Mumbai Hyderabad Expansion into high growth Owned: 5 Hotels | 1,215 Keys segments Managed: 8 Hotels
Slide 9: Superior EBITDA Margins
Superior EBITDA Margins % of Total Revenue 90 bps 49.8% 200 bps 48.9% 46.9% FY 23 FY 24 FY 25 Note: Pertaining to consolidated financial statements 8
Slide 10: Strong Balance Sheet, Poised for Growth
Strong Balance Sheet, Poised for Growth 0.3x Net Debt / LTM EBITDA GROSS DEBT NET DEBT (2) (₹ in Mn) (₹ in Mn) Post IPO Credit Rating 39,087 A- (Positive) AA (Stable) 61% 25,677 91% Post IPO 15,147 Net Debt/ LTM EBITDA(1) \ 3.7x 0.3x 2,275 31-Mar-25 30-Jun-25 31-Mar-25 30-Jun-25 (1) 3.7x Net deb
Slide 11: Significant Embedded Growth Ahead
Significant Embedded Growth Ahead Strong track record of delivering 15%+ CAGR since FY20, robust pipeline for growth ahead Near to Acquisition by Mid-term(3) Brookfield FY25 FY20 # Total Properties | Keys ~1.6x | ~1.4x ~1.6x | ~1.3x 8 | 2,498 13 | 3,553 21 | 4,510 (5) ~1.3x | ~1.2x # Owned Propertie
Slide 12: IPO Highlights
IPO Highlights Oversubscribed IPO with continued support from long-term institutional sponsor, Brookfield Schloss Bangalore Ltd; NSE: THELEELA | BSE: 544408 Brookfield owns 75.9% post-IPO, ensuring long- LISTING DATE June 2, 2025 term alignment and strategic support ISSUE SIZE ₹35,000 Mn U s e o f I
Slide 13: Q1 FY26 Highlights
1 | The Leela Value Proposition 2 | Q1 FY26 Highlights |► Financial Highlights |► Operational highlights |► Growth Highlights 3 | Growth Strategy 4 | Appendix The Leela Palace Udaipur 12
Slide 14: Q1 FY26 Financial Highlights
Q1 FY26 Financial Highlights Best-ever Q1 performance Total Revenue: ₹3,013 Mn EBITDA: ₹1,280 Mn EBITDA Margin: 42.5% +25% +63% +980bps Increase(1) Increase(1) Increase(1) PAT Positive: ₹87 Mn (2) +837 Mn Increase(1) Data pertaining to consolidated financial statements (1) Increase represents YoY gr
Slide 15: Revenue Growth on the Back of Both ADR and Occupancy
Revenue Growth on the Back of Both ADR and Occupancy +4% increase in Occupancy and 13% Growth in ADR O C C U P AN C Y ( % ) AD R ( ₹ ) R e v P AR ( ₹ ) +4% 63.6% +13% 18,817 +20% 11,963 16,698 9,975 59.7% Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Note: Metrics presented above pertains to the Owned P
Slide 16: Margin Expansion through Operating Leverage
Margin Expansion through Operating Leverage T O T AL R E V E N U E ( 1 ) E B I T D A(2) (₹ in Mn) (₹ in Mn) +25% +63% 1,280 3,013 2,405 786 Q1FY25 Q1FY26 EBITDA Q1FY25 Q1FY26 Margin(3) 32.7% 42.5% 980 bps Data pertaining to consolidated financial statements (1) Total Revenue excluding treasury incom
Slide 17: PAT Positive in Q1FY26
PAT Positive in Q1FY26 Lower leverage and robust operating momentum supporting PAT recovery P AT P o s i t i ve (₹ in Mn) 87 PAT improvement primarily driven by o ~₹494 Mn due to steady growth in business momentum resulting in 63% EBITDA expansion + ₹837 Mn o ~₹332 Mn due to reduction in finance cos
Slide 18: Double Digit Growth Across All Markets
Double Digit Growth Across All Markets Leisure led growth with metro demand remaining healthy. Maintained / enhanced market share and achieved double digit RevPAR growth across all markets Absolute RevPAR 15% 16% 15% 29% 42% Growth YoY 198 RevPAR Index 190 183 156 155 157 127 128 Industry Index 100
Slide 19: Revenue Growth in Double Digits Across Segments
Revenue Growth in Double Digits Across Segments Retail continues to be dominant segment and strength for The Leela platform Room Revenue Growth 17% 14% 27% ADR Growth 11% 12% 16% 55% 54% 23% 22% 22% 24% Retail Corporate Groups Q1FY25 Q1FY26 Note: Details pertaining to Owned Hotels 18
Slide 20: Consistent Above-Industry RevPAR Growth
Consistent Above-Industry RevPAR Growth The Leela continues to increase market share and outperform overall luxury sector in RevPAR growth YOY RevPAR Growth 20% India - Luxury Segment Leela 10% 5% 2% Q1FY25 Q1FY26 RevPAR Index Against India luxury segment 1.20x 1.32x RevPAR Index Against All India –
Slide 21: Operating Revenue Growth Across Verticals
Operating Revenue Growth Across Verticals 17% growth in Operating revenue led by both Rooms and F&B segment (₹ in Mn) Particulars Q1 FY26 Q1 FY25 Var % Key revenue drivers for Q1 FY26 Room revenue 1,312 1,103 +19% ROOM and F&B revenue delivered strong growth due to: F&B Revenue 1,063 914 +16% HMA Fe
Slide 22: Profit & Loss Statement (Q1 FY26 and Q1 FY25)
Profit & Loss Statement (Q1 FY26 and Q1 FY25) Same-store portfolio delivers strong operating leverage (₹ in Mn) Particulars Q1 FY26 Q1 FY25 Variance % Revenue from operations 2,748 2,282 +20% Other Income 265 123 +116% Total Revenue (A) 3,013 2,405 +25% Total operating expenses (B) (1) 1,734 1,619 +
Slide 23: Operational Highlights
1 | The Leela Value Proposition 2 | Q1FY26 Highlights |► Financial Highlights |► Operational highlights |► Growth Highlights 3 | Growth Strategy 4 | Appendix The Leela Palace New Delhi 22
Slide 24: Unveiling Our New Website, A Digital Reflection of True Luxury
Unveiling Our New Website, A Digital Reflection of True Luxury Redesigned to reflect our commitment to excellence +80% +72% VOLUME (1) REVENUE (1) 80% INCREASE IN BOOKING VOLUME (1) 72% INCREASE IN REVENUE (1) (1) Vis-à-vis Q1FY25 23
Slide 25: The QUBE Relaunched
The QUBE Relaunched Our iconic all-cuisine fine dining restaurant relaunched from June 2025 • REFRESHED COMPLETED R E N O VAT I O N I N RECORD • REIMAGINED 2 1 D AY S • REOPENED The Leela Palace New Delhi The Leela Palace New Delhi 24
Slide 26: The ARQ Club Ready for Launch in Bengaluru
The ARQ Club Ready for Launch in Bengaluru OPENING IN SEPTEMBER 2025 Actual Images Actual Image Actual Image Actual Image Actual Image Actual Image 25
Slide 27: Growth Highlights
1 | The Leela Value Proposition 2 | Q1FY26 Highlights |► Financial Highlights |► Operational highlights |► Growth Highlights 3 | Growth Strategy 4 | Appendix The Leela Palace Chennai 26
Slide 28: Expansion into Mumbai with Owned Hotel
Expansion into Mumbai with Owned Hotel Strategically located at the gateway to BKC, this is a rare opportunity to expand with 250+ keys Leela Palace Hotel in Mumbai, one of the most underserved luxury hospitality markets RECEIVED ALLOTM ENT OF A 80 YEAR LEASE of a c.2.1 ACRE LAND PARCEL IN BKC Oppor
Slide 29: Mumbai BKC has Huge Untapped Demand for Hospitality
Mumbai BKC has Huge Untapped Demand for Hospitality MUMBAI BKC: LOWER KEY COUNT PER MSF OFFICE SPACE VIS-À-VIS BUSINESS DISTRICTS OF OTHER METRO CITIES (Keys per MSF, 2025E) No new hotel 230 supply in Mumbai 185 BKC since 2011 Only 738 keys operational 39 Delhi Bengaluru Mumbai Note: Data includes c
Slide 30: The Leela Palace Udaipur Expansion
The Leela Palace Udaipur Expansion Completed Strategic Acquisition of c.1.8 Acres Adjacent to Existing Hotel +33 Opportunity to expand premium inventory and 10k SF Keys capture larger market share of MICE business Banquet Space 29
Slide 31: The Leela Hyderabad Ramp-Up
The Leela Hyderabad Ramp-Up Delivering 18% ADR premium over city’s luxury peers amid strong ramp-up T H E L E E L A H Y D E R AB AD 156 P R E MI E R R O O MS 6 F & B O U TL E TS 7,300+ Sq. ft. MI C E A R E A 18,400+ Sq. ft. SPA & W ELLNESS 30
Slide 32: Confidently Poised for Mid-High Teens Growth in FY26
Confidently Poised for Mid- High Teens Growth in FY26 Healthy macro-tailwinds on luxury demand in Leela markets FY26 01 Strong Same-Store growth by focusing on Mid-High 02 increasing direct business, driving optimal Teens channel mix and healthy RFP rates Growth in 03 EBITDA Cost management discipli
Slide 33: Growth Strategy
1 | The Leela Value Proposition 2 | Q1FY26 Highlights |► Financial Highlights |► Operational highlights |► Growth Highlights 3 | Growth Strategy 4 | Appendix The Leela Palace Bengaluru 32
Slide 34: Strong Embedded Growth on the back of Four Pillars
Strong Embedded Growth on the back of Four Pillars EXPANSIONS NEW DEVELOPMENTS MANAGEMENT SAME STORE NEW OWNED MANAGEMENT CONTRACTS 1 GROWTH 2 INITIATIVES VERTICALS 3 HOTELS 4 CONTRACTS Upgrading our assets Invite-only 725 Keys Members in pipeline Repurposing areas (6 hotels) 203 Keys in our assets
Slide 35: Attractive Fundamentals Supporting Same-Store Growth
1 Attractive Fundamentals Supporting Same-Store Growth Located in markets with attractive demand and supply fundamentals New Delhi Bengaluru Chennai Udaipur Jaipur Projected Luxury Demand-Supply Gap(2) 19.5% 1020 bps FY25 – FY28E CAGR ~1470 bps ~680 bps 14.7% ~420 bps ~460 bps 12.3% 11.5% 10.3% 9.3%
Slide 36: Strategic Asset Enhancement Drives Higher Growth
1 Strategic Asset Enhancement Drives Higher Growth AS S E T E N H AN C E M E N T S T R AT E G Y THE LEELA PAL ACE BENGALURU CITY HOTELS → PREMIUMIZE, EXPAND RESORT HOTELS → ATTRACT LUXURY FAMILY REVENUE STREAMS TRAVELLERS, FIT Launch of Royal club lounge, Kids New Banquet Space club, Gym, Spa, W
Slide 37: New Verticals – Invite-Only Luxury Club Offering
2 New Verticals – Invite-Only Luxury Club Offering ARQ extends The Leela's brand into the ultra-luxury lifestyle segment, deepening customer wallet share while delivering high-margin and capital-light returns BENGALURU (Q2FY26) Render Image Render Image CHENNAI (Q4FY26) 2,000+(1) Render Image Render
Slide 38: New Verticals – Entry into Luxury Residences
2 New Verticals – Entry into Luxury Residences Leela Luxury Residences upcoming in Mumbai HIGHLIGHTS ❖ Tapping an under-penetrated luxury living segment in India through managed branded serviced residences ❖ Strategically located adjacent to the Mumbai International Airport ❖ Managing 63 ultra-luxur
Slide 39: Strong Pipeline of Owned Hotels
3 Strong Pipeline of Owned Hotels Expanding into high-growth segments of heritage and hill station THE LEELA PALACE AGRA THE LEELA SRINAGAR Initial Render Image Initial Render Image # OF KEYS 99 STAKE 100% # OF KEYS 170 STAKE 50% EXP. LAUNCH FY 2028 CAPEX ₹4,419 Mn (2) EXP. LAUNCH FY 2028 CAPEX ₹1,8
Slide 40: Strong Pipeline of Owned Hotels (Contd…)
3 Strong Pipeline of Owned Hotels (Contd…) Expanding into high-growth segments such as wildlife and heritage tourism THE LEELA BANDHAVGARH THE LEELA RANTHAMBORE Initial Render Image Initial Render Image # OF KEYS 30 STAKE 74% # OF KEYS 76 STAKE 51% EXP. LAUNCH FY 2028 CAPEX ₹720 Mn (1) EXP. LAUNCH F
Slide 41: Strong Pipeline of Owned Hotels (Contd…)
3 Strong Pipeline of Owned Hotels (Contd…) Expanding our leisure footprint in key spiritual destination THE LEELA AYODHYA Active Pipeline of Owned Hotels Across Strategic Urban and Resort Markets; Exploring International Expansion Opportunities Initial Render Image # OF KEYS 100 STAKE 76% EXP. LAUNC
Slide 42: Future Pipeline of Managed Hotels
4 Future Pipeline of Managed Hotels Expanding our Managed Footprint in key destinations: Sikkim and Mumbai THE LEELA LUXURY RESIDENCES, MUMBAI THE LEELA SIKKIM Initial Render Image Initial Render Image # OF KEYS 63 # OF KEYS 140 EXP. LAUNCH FY 2027 EXP. LAUNCH FY2027 41
Slide 43: Vision FY30
Vision FY30 1 SAME STORE GROWTH Targeting over 2 NEW VERTICALS ₹20,000 Mn EBITDA by FY30, driven by the four 3 OWNED HOTELS pillars of growth EXPANSION 4 MANAGEMENT CONTRACTS 42
Slide 44: Atithi Devo Bhava (Guest is God)
“Atithi Devo Bhava (Guest is God)” The Leela Palace Udaipur
Slide 45: Appendix
1 | The Leela Value Proposition 2 | Q1FY26 Highlights |► Financial Highlights |► Operational highlights |► Growth Highlights 3 | Growth Strategy 4 | Appendix The Leela Kovalam, A Raviz Hotel 44
Slide 46: ESG – Strategic Initiatives
ESG – Strategic Initiatives Creating Shared Value with Purpose Partnerships Leela Ke Phool Leela’s Ceremonial Rituals 3.1 MT of floral waste 50 upcycled Local artists supported daily JMGU – Women Jalinga Tea Empowerment 28% 1.35 Lakh Tea sourced from a embroidered jute carbon-neutral, bags procured
Slide 47: ESG – Growing Responsibly
ESG – Growing Responsibly Certified Excellence: IFC EDGE Advanced | IGBC Platinum Environmental Inclusive Stewardship Culture 50% PO W ERED BY 22% PERMANE NT RENEW ABLES Towards W O MEN T ALENT Net Zero By 2050 100% VENDO RS CO MPLIANT W IT H 7,000+ CHILDREN IMPACT ED T HRO UG H CO C AND ABAC PO LIC
Slide 48: Our Journey So Far | Key Quarterly KPIs
Our Journey So Far | Key Quarterly KPIs Particulars Units Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 OPERATIONAL METRICS Occupancy % 58.7% 62.0% 69.1% 78.0% 59.7% 64.9% 69.4% 77.6% 63.6% ADR ₹ 16,148 19,027 23,224 24,127 16,698 18,042 25,827 27,918 18,817 RevPAR ₹ 9,475
Slide 49: Reconciliation to Operational EBITDA
Reconciliation to Operational EBITDA (₹ in Mn) PARTICULARS Q1FY26 Q1FY25 YoY Growth Reported Total Revenue (A) 3,013 2,405 25% Less: Other Income (265) (123) Reported Revenue from Operations (B) 2,748 2,282 Adj: Rental and other operating revenue (Note 1) NA 64 Adjusted Operating Revenue (C) 2,748 2
Slide 50: Disclaimer
Disclaimer This presentation (“Presentation”) prepared by Schloss Bangalore Limited does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of t