Indian Hotels Co. Ltd. · NSE:INDHOTEL
Indian Hotels — The Indian Hotels Company — Q3 FY2004 Earnings Presentation
30 slides from Indian Hotels's earnings presentation, February 2004
Slide 1: Analyst Meet Q3 FY2004
The Indian Hotels Company Limited Analyst Meet Q3 FY2004 1
Slide 2: Agenda
Agenda Financial Results Q3 FY04 Performance Review 2
Slide 3: Performance Overview
Performance Overview ¾ Operating revenues up 13% in Q3. On adjusting for sale of Blue Diamond, Pune & TR, Lucknow revenues up 18%. ¾ Operating expenses up 19% due to higher Payroll costs, Travel and higher variable expenses due to higher volume of business. ¾ Profit from sale of business of Rs.0.9 C
Slide 4: Financial Results
Financial Results 4
Slide 5: Trends in Quarterly Turnover
Trends in Quarterly Turnover 250 FY2001 FY2002 FY 2003 FY 2004 200 150 100 50 0 Q1 Q2 Q3 Q4 * Restated to reflect sale of Air Catering business5
Slide 6: Trends in Quarterly EBIDTA
Trends in Quarterly EBIDTA 80 FY2001 FY2002 60 FY2003 FY2004 Rs . Crore s 40 20 0 Q1 Q2 Q3 Q4 6
Slide 7: Trends in Quarterly PBT
Trends in Quarterly PBT 35 FY2002 FY2003 FY2004 30 25 Rs. Crores 20 15 10 5 0 Q1 Q2 Q3 Q4 PBT before exceptional items and sale of businesses 7
Slide 8: Trends in ARR & Occupancy
Trends in ARR & Occupancy Occupancy(%) ARR RevPAR (Rs.) (Rs.) FY2003 FY2004 FY2003 FY2004 FY2003 FY2004 % Change Q3 67 72 4236 4712 2838 3376 19 9 58 65 3931 4154 2299 2680 17 Months 8
Slide 9: Financial Results Third Quarter of 2003-04
Financial Results Third Quarter of 2003-04 Rs in Crores Quarter ended Items Dec 31 Dec 31 % 2003 2002 change Sales and Other Operating Income 187.8 168.9 11.2 Other Income 4.4 1.6 179.2 Total Income 192.2 170.5 12.7 Expenditure a. Consumption of raw materials 18.8 16.9 11.8 b. Staff cost 46.4 35.3 3
Slide 10: Performance Analysis: Q3
Performance Analysis: Q3 Revenues: ¾ Operating revenues showed strong growth and increased by 13% in Q3. On adjusting for sale of Blue Diamond Pune & Taj Residency Lucknow to Piem the increase was 18%. ¾ Revenue growth was driven by ¾Higher Room Revenue : Up 10%. ¾Continued uptrend in occupancy: 72%
Slide 11: Performance Analysis: Q3
Performance Analysis : Q3 ¾Total Operating expenses increased by Rs. 29 Crs. (after adjusting for sale of TR Lucknow & Blue Diamond Pune). The increase in costs were due to: ¾Payroll costs higher by Rs. 12.4 Crs (after adjusting for TR Lucknow and Blue Diamond Pune). The staff cost for the quarter i
Slide 12: Performance Analysis: Q3
Performance Analysis : Q3 ¾Profit before Tax increased by 28% to Rs.21.9 Crs ¾Profit of Rs.0.94 Crs from sale of Gateway Riverview Lodge, Chiplun. ¾Profit After Tax up 49% to Rs.16.6 Crs 12
Slide 13: Financial Results Nine Months of 2003-04
Financial Results 9 Months of 2003-04 Rs in Crores Nine months ended Items Dec 31 Dec 31 % 2003 2002 change Sales and Other Operating Income 453.9 397.4 14.2 Other Income 20.1 17.3 16.4 Total Income 474.1 414.7 14.3 Expenditure a. Consumption of raw materials 48.4 43.1 12.5 b. Staff cost 112.7 94.2
Slide 14: Performance Analysis: 9 months
Performance Analysis : 9 months ¾ Operating Revenues increased by 14% to Rs. 474 Crs. The increase in revenues was driven by : ¾ Higher Room Revenue : Up 14% ¾Increase in occupancy from 58% in the first 9 months of FY2003 to 65% in first 9 months of FY2004 ¾Higher ARRs. Up 5.7% in the first 9 months
Slide 15: Performance Analysis: 9 months
Performance Analysis : 9 months ¾ Operating expenses increased by Rs. 68 Crs. (after adjusting for sale of TR Lucknow & Blue Diamond Pune) ¾ Lands End expense of Rs. 25.4 Crs (H1 FY04) ¾ Increase in staff costs Rs. 18.5 Crs. ¾ Higher travel costs and advertisement expenditure; up Rs. 7.1 Crs. ¾ High
Slide 16: Revenue Analysis by Category
Revenue Analysis By Category – Q3 FY 04 v/s Q3 FY 03 M a na ge m e nt FY 04 M a na ge m e nt FY 03 Fees Fees 5% 4% Othe rs Othe rs 5% 6% Ro o m R e ve nue R o o m R e ve nue 48% 47% Fo o d & Fo o d & B e ve ra ge B e ve ra ge 42% 43% 16
Slide 17: Revenue Analysis by SBU
Revenue Analysis By SBU – Q3 FY04 v/s Q3 FY03 Corporate FY 04 Corporate FY 03 3% 2% Leisure Leisure 11% 9% Business Business 6% 12% Luxury Luxury 80% 77% 17
Slide 18: Luxury Division Third Quarter
Luxury Division Third Quarter Rs lacs PARTICULARS FY 04 FY 03 % Change Room Revenue 7,348 6,458 13.8 Food & Beverage 6,904 5,765 19.8 Other Income 848 795 6.7 Total 15,101 13,018 16.0 Management Fees 248 156 58.4 Total 15,348 13,174 16.5 Avg. daily room Available 2,041 2,050 -0.4 (Nos) ARR (Rs.) 5,2
Slide 19: Luxury Division Nine Months
Luxury Division 9 Months Rs. lacs PARTICULARS FY 04 FY 03 % Change Room Revenue 17,802 14,732 20.8 Food & Beverage 17,153 13,912 23.3 Other Income 2,251 2,039 10.4 Total 37,206 30,683 21.3 Management Fees 493 362 36.2 Total 37,699 31,045 21.4 Avg. daily room available 2,019 1,873 7.8 (Nos) ARR (Rs.)
Slide 20: Business Division Third Quarter
Business Division Third Quarter RsRslacs lacs PARTICULARS FY 04 FY 03 % Change Room Revenue# 440 461 -4.6 Food & Beverage 387 363 6.6 Other Income 36 45 -20.0 Total 864 869 -0.5 Management Fees 360 308 16.8 Total 1,223 1,177 3.9 Avg. Daily Room Available # 252 298 -15.4 (Nos) ARR (Rs.) 2,601 2,550 2
Slide 21: Business Division Nine Months
Business Division 9 Months RsRslacs lacs PARTICULARS FY 04 FY 03 % Change Room Revenue 1,306 1,203 8.5 Food & Beverage 1,051 966 8.8 Other Income 105 129 -18.6 Total 2,462 2,298 7.1 Management Fees 923 735 25.6 Total 3,385 3,033 11.6 Avg. Daily Room Available 280 291 -3.7 (Nos) ARR (Rs) 2,432 2,462
Slide 22: Leisure Division Third Quarter
Leisure Division Third Quarter Rs lacs PARTICULARS FY 04 FY 03 % Change Room Revenue 1,085 771 40.7 Food & Beverage 639 475 34.4 Other Income 97 98 -1.4 Total 1,821 1,345 35.4 Management Fees 214 154 38.9 Total 2,034 1,499 35.7 Avg. Daily Room Available 564 530 6.4 (Nos) ARR (Rs.) 3,549 3,297 7.6 Oc
Slide 23: Leisure Division Nine Months
Leisure Division 9 Months Rs lacs PARTICULARS FY 04 FY 03 % Change Room Revenue 1,922 1,442 33.3 Food & Beverage 1,341 1,090 23.1 Other Income 202 210 -3.6 Total 3,466 2,741 26.4 Management Fees 382 293 30.4 Total 3,848 3,034 26.8 Avg. Daily Room Available 554 530 4.5 (Nos) ARR (Rs.) 2712 2408 12.6
Slide 24: Corporate Third Quarter
Corporate Third Quarter RsRslacs lacs PARTICULARS FY 04 FY 03 % Change Other Income 453 189 139.7 Management Fees 64 54 18.9 Total 517 243 112.7 •Other Income includes dividend income, income from sale of land •Management Fee under Corporate is fee from International properties 24
Slide 25: Corporate Nine Months
Corporate 9 Months RsRslacs lacs PARTICULARS FY 04 FY 03 % Change Other Income 2,026 1,760 15.0 Management Fees 191 144 32.6 Total 2,217 1,904 16.4 •Other Income includes dividend income, income from sale of land •Management Fee under Corporate is fee from International properties 25
Slide 26: Revenue Enhancement Initiatives
Revenue Enhancement Initiatives ¾Rate increases implemented for most of the hotels ¾US & Europe Roadshows: New York, Washington, London, Paris, Berlin and Geneva. ¾Participated in World Travel Mart, London and International Luxury Travel Mart, Cannes. ¾Participated in the Incredible India Event in O
Slide 27: Awards
Awards The Taj Hotels, Resorts and Places received fourteen awards in the period October – December 2003. ¾ Taj Mahal Palace & Tower, Mumbai – ¾ Conde Nast Traveler, USA 2004 Gold List World’s Best Places to Stay ¾ 2004 Tatler Travel Guide Awards, USA – the World’s 101 Best Hotels for Wi-Fi ¾ 10th W
Slide 28: Awards
Awards ¾ Jai Mahal Palace, Jaipur ¾ 2004 Tatler Travel Guide Awards, USA – the World’s 101 Best Hotels for Spas ¾ Taj Exotica Resort & Spa, Maldives ¾ The 10th World Travel Awards, New York – Indian Ocean’s Leading Resort ¾ Taj Lands End, Mumbai ¾ Best Business Hotels in Asia Awards by Business Asia
Slide 29: Not for distribution in or into the United States
These materials are not for distribution, directly or indirectly, in or into the United States. They are not an offer of securities for sale into the United States. Securities may not be offered or sold in the United States unless they are registered or exempt from registration. There will be no pub
Slide 30: Thank you
Thank you Back to home Back to company 30
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