Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Investor Presentation (September 2024)
37 slides from Samhi Hotels's investor presentation, Sep 16, 2024
Slide 1: Updated Investor Presentation filing letter
16th September 2024 SAMHI Hotels Ltd. CIN: L55101DL2010PLC211816 BSE Limited National Stock Exchange of India Regd. Office: Caspia Hotels Corporate Relationship Department Limited Delhi, District Centre Crossing, Opp. Galaxy Toyota Outer Ring Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Ro
Slide 2: SAMHI Hotels Ltd Investor Presentation September 2024
SAMHI Hotels Ltd Investor Presentation September 2024 Renaissance Ahmedabad Lobby
Slide 3: SAMHI Hotels - One of India's leading hospitality company
SAMHI Hotels - One of India’s leading hospitality company 31 4,801 13 8 Operating Hotels Operating Rooms Cities Global Hotel Brands • SAMHI is one of India’s largest hotel owner and asset manager • Presence in key micro-markets within metros & across segments with strong global brands • Growth drive
Slide 4: Portfolio snapshot
Portfolio snapshot #Rooms / % Upscale & Upscale 1,074 Upper 22% Hyatt Regency on Nagar Road Sheraton, Hyderabad Renaissance, Ahmedabad Courtyard, Bangalore (ORR) Hyatt Place in Udyog Vihar, Gurugram Upper Mid-scale Fairfield, Four Points, Vizag Fairfield, Bangalore (City Center) Fairfield, Bangalore
Slide 5: Core strategy
Core strategy 1 Acquisition led strategy & track-record for under-performing hotels, with significant upside potential 2 Focus on large office and aviation markets allows predictable, strong & sustainable growth 3 International brands bring distribution and loyalty while we maintain control over fin
Slide 6: Portfolio of strong brands across price point
Portfolio of strong brands across price point 8 Global brands Upper Upscale / Upscale Upper Mid-scale Mid-scale 5 hotels 1,074 rooms 15 hotels 2,163 rooms 11 hotels 1,564 rooms Individually stylized hotels catering to high-end Prototypical design for efficiency and scalability; One of the most effic
Slide 7: FY14 - FY24: Marathon run at pace of a sprint
FY14 - FY24 : Marathon run at pace of a sprint ₹10,527mn ACIC full year ₹ 9,787 mn Inventory growth of ~450 rooms per year Revenue CAGR of 37% EBITDA CAGR of 45% Year of ₹ 434 mn Inception FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 6
Slide 8: Segment Performance (FY 2024)
Segment Performance (FY 2024) % Show Segments Asset Income Share in FY24 Upper Upscale & Upscale Upper Mid-scale 17% Mid-scale 45% 39% Hyatt Hyatt Brands Regency Place Hotels / Rooms (#) 5 hotels; 1,074 rooms 15 hotels; 2,163 rooms 11 hotels; 1,564 rooms Average Room Rate (₹) 8,954 5,580 3,523 Occup
Slide 9: Financial summary
Financial summary FY23 FY24 FY24 % chg. Year on year (YoY) ACIC consolidated w.e.f. Pro-forma Aug’23 Incl. ACIC full year1 RevPAR1 ₹3,525 ₹4,123 + 17.0% Total Income ₹7,615mn ₹9,787mn ₹10,527mn Strong base of performance for FY25 + 28.5% SAMHI is set for a strong performance in FY25 driven by contin
Slide 10: Consistent & strong growth
Consistent & strong growth FY2024 FY2025 All values in ₹ mn unless specified Q1 Q2 Q3 Q4 Q1 Revenue 1,914 2,211 2,692 2,813 2,512 RevPAR Trends YoY growth 9.9% 25.3% 40.5% 35.4% 31.2% EBITDA 473 540 904 962 890 Depreciation (230) (279) (312) (315) (299) Interest (1,077) (1,146) (651) (577) (556) PBT
Slide 11: Near term opportunities (FY25-FY27)
Near term opportunities (FY25-FY27) Market & product driven Inventory growth ACIC Portfolio Renovation & Internal M&A / New Leases Same-Store Assets Turnaround1 Rebranding Keys 3,136 631 1,034 3002 500-600 (% of total) 65% 13% 22% FY2024 Inventory growth of 15%+ with Asset Income 6,671 1,287 2,406 (
Slide 12: Macro Dynamics
SAMHI Hotels Ltd. Macro Dynamics EQ IQ at Hyatt Regency Pune Fairfield Hyderabad All Day Dining
Slide 13: Focus on key demand drivers
Focus on key demand drivers Air Established Commercial Passengers Hospitality Office Space Market Cities with large volume of air Established organized hospitality Primary catalyst for business travel and passengers, a key demand driver for markets provide resilience against new related socio-econom
Slide 14: Robust commercial activity across key markets
Robust commercial activity across key markets Office market size1 (mn sq. ft.) Net Absorption2 FY24 Full Year Q1FY25 Current Upcoming Total of Total of Office space absorption for ~43 mn sqft ~9 mn sqft Q1FY25 stood at ~9 mn sqft up Bangalore 205 35 14.0 2.5 from ~6 mn sqft in Q1FY24 Hyderabad 124 4
Slide 15: Travel across key cities continue growth path
Travel across key cities continue growth path Air passenger growth continues its upward trajectory with 72 million passengers in Q1FY25 Economic growth, absorption of commercial office space and expansion of airport infrastructure to further grow travelers in India QoQ airline passenger growth (in m
Slide 16: Growth Drivers
SAMHI Hotels Ltd. Growth Drivers Holiday Inn Express Gurgaon Great Room
Slide 17: Upcoming developments
Upcoming Rebranding of Pune ACIC asset to Courtyard by Marriott developments Rebranding of Jaipur ACIC asset to Tribute Portfolio Renovation & rebranding of Hyatt Regency Pune Addition of 22 apartments in Hyatt Regency Pune Addition of 12 rooms and 42 apartments in Sheraton Hyderabad H2FY25 FY26 FY2
Slide 18: Opening by Q3FY25
Opening by Q3FY25: 302 rooms, one new market by Q3 FY25, annual revenue potential of ₹250-300mn Holiday Inn Express Whitefield Holiday Inn Express Kolkata Holiday Inn Express Greater NOIDA Extension: 54 Guestrooms 111 Guestrooms 137 Guestrooms Opening Sep’24 Opening Nov’24 Opening Oct’24 17 Note: Op
Slide 19: Growth in Upper Upscale & Upscale Assets
Growth in Sheraton, Hyderabad Hyatt Regency, Pune Upper Upscale & Upscale Assets • Refurnishing of executive rooms • Better rate penetration post soft upgradation of the existing inventory and • Addition of 12 rooms (potential to go up addition of 22 apartments to 54 rooms) • Addition of a new resta
Slide 20: Rebrand-Reposition: Core to our strategy
Rebrand-Reposition: Pune Asset Current Guest Rooms Core to our strategy ACIC Pune & Jaipur Asset to be renovated and rebranded as Courtyard by Marriott & Tribute New Guest Rooms (Artist’s Impression) Portfolio by Marriott respectively Current (FY24) Post Renovation Upper Segment Mid-scale Upscale Pu
Slide 21: Summary Financials
SAMHI Hotels Ltd. Summary Financials EQ IQ at Hyatt Regency Pune Sheraton Hyderabad Reception Lobby
Slide 22: Financial summary (Consolidated P&L)
Financial Q1FY25 Q1FY24 Change YoY % FY24 Operating Rooms (#) 4,6641 3,839 4,6641 summary Occupancy (%) 74% 70% 73% Average Room Rate (₹) 5,669 5,197 5,718 Asset Income 2,512 1,914 31.2% 9,630 (Consolidated P&L) Asset EBITDA 947 719 31.7% 3,777 EBITDA Margin 37.7% 37.6% 39.2% Net Corporate G&A (12)
Slide 23: Financial summary (Consolidated Balance Sheet)
Financial Fixed Assets Mar’24 24,977 Mar’23 19,089 Notes Increase due to addition of the ACIC Portfolio Net Block summary CWIP 325 202 (Consolidated Other Non-current Assets 5,213 507 Change primarily due to goodwill creation upon ACIC acquisition to ₹4,461mn Balance Sheet) Cash & Cash Equivalents 2
Slide 24: Financial flexibility
Financial Mar 31, 2023 Jun 30, 2023 Sept 30, 2023 Dec 31, 2023 Mar 31, 2024 Jun 30, 2024 flexibility Net Debt (₹ mn) 28,339 29,383 17,974 18,427 18,242 18,626 TTM EBITDA* (₹ mn) 3,273 3,333 3,398 3,580 3,681 3,810 8.7 8.8 13.0% Net Debt : EBITDA 12.5% 5.3 5.1 4.9 4.9 10.8% 10.3% 9.8% 9.7% Net Debt :
Slide 25: Strong Management Platform
SAMHI Hotels Ltd. Strong Management Platform Hyatt Place Gurgaon Courtyard by Marriott Bangalore Specialty Restaurant BGs
Slide 26: Experienced and professional team
Experienced and professional team Sanjay Jain Gyana Das Ashish Jakhanwala Rajat Mehra Senior Director, Corporate Tanya Chakravarty EVP & Head of Chairman, MD & CEO CFO Affairs, Company Secretary General Counsel and Compliance Officer Investments ▪ Experience across ▪ Previously worked ▪ Previously w
Slide 27: Headed by a professional Board with strong corporate experience
Headed by a professional Board with strong corporate experience… Independent Directors Ashish Manav Thadani Ajish Abraham Michael David Aditya Jain Archana Capoor Krishan Dhawan Jakhanwala Non-Executive & Jacob Holland Independent Independent Independent Chairman, Non- Non-Executive & Independent Di
Slide 28: SAMHiIntel proprietary asset management tool
SAMHiIntel is our inhouse and proprietary asset management tool. It provide valued insights to our business. We are certain that as we collect more data from our hotels, this would allow to add more value to our business. Weekdays have reached ~77% Demand is spreading to more Days with more than 70%
Slide 29: Annexures
SAMHI Hotels Ltd. Annexures EQ IQ at Hyatt Regency Pune Fairfield Sriperumbudur All Day Dining
Slide 30: FY24 - Total Income and Consol. EBITDA bridge
FY24 - Total Income and Consol. EBITDA bridge Total Income (₹ mn) Consol. EBITDA (pre-ESOP) (₹ mn) +28.4% +28.5% +34.6% YoY YoY +32.4% YoY +19.8% YoY +14.3% YoY YoY Note: Includes impact of ACIC acquisition wef. August 11, 2023 29
Slide 31: Q1FY25 - Total Income and Consol. EBITDA bridge
Q1FY25 - Total Income and Consol. EBITDA bridge Total Income (₹ mn) Consol. EBITDA (pre-ESOP) (₹ mn) +31.2% +33.5% YoY +31.7% +43.7% YoY YoY YoY +7.1% +9.3% YoY YoY While RevPAR grew at ~13%, lower MICE revenue led to ~7% Total Income growth 1 1 1. Based on Same-store i.e. excludes ACIC Portfolio ac
Slide 32: Operational efficiency
Operational Q1FY25 – Bridge from Total Asset Income to Consol. EBITDA (excl. ESOP) efficiency 17.3% 9.0% ACIC Portfolio and Same Store EBITDA Margins ACIC Samestore 20.3% 37.7% 36.4% Consol. Pre- Asset EBITDA EBITDA Post-acquisition 7.5% acquisition Margin Margin 42.2% 4.8% 41.4% 1.2% 38.7% 2.1% 38.
Slide 33: Historical Consolidated P&L Summary
Historical Consolidated P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 9,787 7,614 6,276 3,484 3,331 2,632 2,568 1,793 Q1’24 1,720 934 218 Q1’24 42 Q1’24 (597) (2,346) (2,999) (3,386) (4,433) (4,777) FY20 FY21 FY22 FY23 FY24 Q1'25 FY20 FY21 FY22 FY23 FY24 Q1'25 FY20
Slide 34: Historical Consolidated Quarterly P&L Summary
Historical Consolidated Quarterly P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 2,899 2,733 2,568 2,232 2,117 1,959 1,924 1,756 1,784 1,077 1,019 934 793 739 673 650 596 570 113 42 (737) (744) (837) (803) (835) (880) (1,009) Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24
Slide 35: Glossary
Operating Addition/ # Hotel Brand City Location Operator Segment Rooms Renovation Glossary 1 Hyatt RegencyTM Pune Nagar Road Hyatt Upper Upscale 301 22 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 - 3 Sheraton Hyderabad Gachibowli Marriott Upscale 272 54 4 Courtyard by Marriott Bang
Slide 36: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by SAMHI Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 37: Thank You
Thank You Company SAMHI Hotels Ltd. CIN: U55101DL2010PLC211816 Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in www.samhi.co.in Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Ms. Ami Parekh / Mr. Rahul Agarwal +91-8082466
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