Easy Trip Planners Ltd. · NSE:EASEMYTRIP
Easy Trip Planners — Q1 FY24 Earnings Presentation
29 slides from Easy Trip Planners's earnings presentation, Aug 14, 2023
Slide 1: Exchange filing cover letter: Investor Presentation
August 14, 2023 BSE Ltd. National Stock Exchange of India Limited (NSE). P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Bandra Fort Mumbai – 400001 East, Mumbai – 400051 Scrip Code: 543272 Symbol: EASEMYTRIP Subject: Investor Presentation Dear Sir/Madam, Pursuant to Regulation 30 of
Slide 2: Q1FY24 Investor Presentation
Q1FY24 Investor Presentation August 2023
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Easy Trip Planners Limited (the “Company’) popularly know as “Ease My Trip”, have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation t
Slide 4: Key Performance Metrics for Q1FY24
Key Performance Metrix for Q1FY24 The 2nd Largest Online Travel Platform Serving more than 14 Mn^ Happy Customers Gross Booking Revenue (GBR) Adjusted Revenue INR 2,371.0 Crores INR 193.2 Crores +42.6% YoY +46.9% YoY Q1FY24 Air Segment Booking* Profit After Tax (PAT) # 32.1 lacs INR 25.9 Crores +43.
Slide 5: Recent milestones achieved by EaseMyTrip (Operational Highlights for Q1FY24)
Recent milestones achieved by EaseMyTrip (Operational Highlights for Q1FY24) Expands its Franchise store network • After opening its first Franchise store in Patna(Bihar), the company has expanded its franchise store network as it opened new franchise stores in Surat (Gujarat), Jaipur (Rajasthan), P
Slide 6: One of the few new-age technology companies to deliver sustainable profits
One of the few new-age technology companies to deliver sustainable profits Particulars (INR in Mn) Q1FY24 Q1FY23 Q4FY23 FY23 FY22 Gross Booking Revenue (GBR) 23,709.6 16,630.6 21,428.0 80,505.6 37,155.9 Revenue/Income Amount % of GBR Amount % of GBR Amount % of GBR Amount % of GBR Amount % of GBR A.
Slide 7: Attaining even better Operational Efficiencies
Attaining even better Operational Efficiencies Discounts Marketing & Sales Promotion 2.6% 3.2% 4.4% 2.9% 0.6% 1.1% 0.9% 1.0% ✓ For Q1FY24, our Discounts as a % of GBR stood 2362.1 829.6 at 3.2%, as compared to 2.6% in Q1FY23, primarily because of the attractive deals that the 1,649.8 company gave ou
Slide 8: Dubai Office Growing Exponentially
Dubai Office Growing Exponentially GBR from Dubai Office INR in Millions 529.8 442.4 433.2 238.0 Our Dubai operation is performing strongly and is growing every quarter and is poised for exponential growth which will be driven 70.8 by Mr. Sameer Bagul, who was recently appointed as the Managing Dire
Slide 9: Q1FY24 Operational Performance
Q1FY24 Operational Performance Flights Hotels Trains, Buses & Others +10% Air Segments in Nos* +62% Hotel Nights in Nos +121% Transactions in Nos 6,23,498 1,14,95,718 5,64,974 3,46,950 +43% +123% 40% 70,85,400 1,60,272 1,56,690 2,24,149 32,09,391 1,60,540 22,39,106 71,791 Q1FY23 Q1FY24 FY22 FY23 Q1F
Slide 10: Q1FY24 Financial Highlights
Q1FY24 Financial Highlights INR in Millions Adjusted Revenue EBITDA PAT* +69% 6,749.1 +30% +27% +47% 1,912.5 4,003.5 -17% 1,468.5 -22% 1,341.0 1,059.2 1,932.5 1,315.1 454.6 375.0 259.0 331.4 Q1FY23 Q1FY24 FY22 FY23 Q1FY23 Q1FY24 FY22 FY23 Q1FY23 Q1FY24 FY22 FY23 Adjusted Revenue EBITDA PAT* ✓ Adjust
Slide 11: Q1 FY24 Consolidated Profit & Loss Account
Q1 FY24 Consolidated Profit & Loss Account Profit & Loss Statement (INR in Mn) Q1FY24 Q1FY23 Y-o-Y Q4FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 1240.5 875.8 41.6% 1165.9 6.4% 4488.3 2353.7 90.7% Other Income 25.9 38.8 -33.1% 42.0 -38.3% 153.7 143.9 6.8% Total Income 1266.4 914.6 38.5% 1207.9
Slide 12: Historical Financials
Historical Financials
Slide 13: Historical Consolidated Profit & Loss Account
Historical Consolidated Profit & Loss Account Profit & Loss Statement (INR in Mn) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Revenue from Operations 4,488.3 2,353.7 1,385.0 1,620.5 1,311.9 Other Income 153.7 143.9 122.6 189.6 199.2 Total Revenue 4,642.0 2,497.6 1,507.6 1,810.1 1,511.1 Employee Benefits Expe
Slide 14: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equity & Liabilities (Mn) FY23 FY22 Assets (Mn) FY23 FY22 Equity Share Capital 1738.3 434.6 Property, plant and equipment 118.5 83.3 Other Equity 1961.6 1924.0 Intangible assets 131.4 155.6 Equity attributable to equity holders of the Group 3699.9 2358.6 Goodwil
Slide 15: Historical Abridged Cash Flow
Historical Abridged Cash Flow Consolidated Cash Flow Statement (INR in Mn) FY23 FY22 Cash Flow from Operating Activities Profit before Tax 1849.4 1435.7 Adjustment for Non-Operating Items -29.9 -77.5 Operating Profit before Working Capital Changes 1819.4 1358.2 Changes in Working Capital -2322.2 -73
Slide 16: Key Return Ratios
Key Return Ratios Cash Flow from Operations (INR in Mn) Cash & Term Deposits (INR in Mn) OCF to EBITDA (%) 738.5 274.6 2,422.4 2,514.8 201.9 84% 1,672.9 55% 1,462.3 14% -1,104.2 -58% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 ROCE (%) ROE (%) 50.8% 45.5% 48.3% 44.9% 41.6% 37.5% 36.2
Slide 17: Company Overview
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Slide 18: EaseMyTrip at Glance
EaseMyTrip at Glance 2nd Largest OTA* “End to End” Travel Solutions Founded in 2008, EaseMyTrip is the Offers “End to End” travel solutions which 2nd largest Online Travel Platform in includes air tickets, hotels and holiday India packages, rail tickets & bus tickets as well as ancillary value-added
Slide 19: Fastest Growing & Only Profitable OTA in India
Fastest Growing & Only Profitable OTA in India… Gross Booking Revenue (INR in Mn) EBITDA (INR in Mn) PAT (INR in Mn)** 1,912 1,341 80,506 1,469 1,059 42,047 876 610 37,156 499 330 21,284 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Adjusted Total Income# (INR in Mn) EBITDA Margin (%)
Slide 20: Due to our Lean Cost Model
…due to our Lean Cost Model… Discounts Employee Cost Industry Industry EMT EMT Leader Leader -12% 4.4% 3.3% -65% 3.0% 2.9% 2.9% 2.0% 2.8% % of Gross Booking 1.0% 0.7% 0.7% 0.7% 0.7% Revenue FY20 FY21 FY22 FY23 FY23 FY23 FY20 FY21 FY22 FY23 FY23 FY23 Advertisement & Promotion Other Expenses * Industr
Slide 21: and No Convenience Fees Strategy
…and No Convenience Fees Strategy 20
Slide 22: Industry Overview
Industry Overview
Slide 23: Global Travel Industry: Bouncing back from the Pandemic
Global Travel Industry : Bouncing back from the Pandemic Travel and Tourism Gross Bookings (US$ Bn) Total Travel Market (2020E) Total Travel Market (2024E) 1,413 1,381 US$ 26% CAGR US$ 556 bn 1,381 bn 556 2018 2020E 2024E Online Travel Market (2020E) Online Travel Market (2024E) Region-wise Split of
Slide 24: Indian Travel & OTA Market: Headroom to grow further
Indian Travel & OTA Market: Headroom to grow further Total Travel Market (FY23E) Total Travel Market (FY27E) Key Drivers FY23E-27E CAGR 19% 17% The travel industry is expected, to be 24% broadly driven by development of 27% Online tourism infrastructure, increase in connectivity across means of INR
Slide 25: Strong tail winds for Indian Aviation industry
Strong tail winds for Indian Aviation industry Indian domestic passenger traffic volumes (Number mn) International passenger traffic volumes (Number mn) %YoY growth 1% (62%) 58% 62% 15% (4%) (85%) 118% 180% 15% 330 2.4x 2.4x 135 2.2x 220 1.6x 95 1.5x 156 67 71 142 136 62 85 54 22 10 FY20 FY21 FY22 F
Slide 26: Indian Hospitality Industry
Indian Hospitality Industry Hospitality Industry in India (INR bn) Key Performance Indicators of India Hospitality Industry (INR bn) YoY Key Performance Indicators 2022 2025F 2,428 (2021 to 2022) 1,927 Occupancy Rate (%) 59-61% 15-17pp 70% Average Room Rate (ARR) (INR) 6,00 - 6,200 37-39% 7,983 Reve
Slide 27: UAE Tourism Industry
UAE Tourism Industry Revenue in Travel & Tourism (FY23E) Revenue in Travel & Tourism (FY27E) Dubai’s Passenger Traffic volumes (Number mn) 89 66 US$ US$ 1,285 mn 5% CAGR 1,569 mn 26 2018 2020 2022 In 2022, Tourism sector contributed 9% to UAEs GDP, which is expected to increase Total Hotel Rooms in
Slide 28: United Kingdom Tourism Industry
United Kingdom Tourism Industry Revenue in Travel & Tourism (FY23E) Revenue in Travel & Tourism (FY27E) UK Terminal Passenger Traffic volumes (Number mn) 292 222 US$ US$ 39 bn 2% CAGR 42 bn 74 2018 2020 2022 United Kingdom is one of the largest travel markets in Europe and has embraced Hospitality I
Slide 29: Thank You
Thank You Easy Trip Planners Limited CIN: L63090DL2008PLC179041 Rajat Gupta rajat.gupta@easemytrip.com +91 98218 49374 Ernst & Young LLP Runjhun Jain | Runjhun.jain1@in.ey.com Rohit Anand | rohit.anand4@in.ey.com Riddhant Kapur | riddhant.kapur@in.ey.com 28