Indian Hotels Co. Ltd. · NSE:INDHOTEL

Indian Hotels — The Indian Hotels Company — 9M FY2007 Earnings Presentation

28 slides from Indian Hotels's earnings presentation, Jan 23, 2007

  1. Slide 1: Analyst Meet: Results for Nine Months ended December 31, 2006

    The Indian Hotels Company Limited Analyst Meet Results for the Nine Months ended December 31, 2006 January 23, 2007 1

  2. Slide 2: Presenter Panel

    Presenter Panel Raymond Bickson - Managing Director Anil P Goel – Chief Financial Officer Ajoy Misra - Senior Vice President, Sales & Marketing 2

  3. Slide 3: Outline of Presentation

    Outline of Presentation ƒ Industry trends ƒ Financial performance – 2006/07 ƒ Overview of Taj Group ƒ Update on Taj Boston ƒ Other key points ƒ Questions and Answers 3

  4. Slide 4: Industry Trends

    Industry Trends 4

  5. Slide 5: Tourist Arrivals – January to December, 2006

    Tourist Arrivals – For January to December,2006 Foreign Tourist Arrivals 13% 4.4m 13% 3.9m 3.5m 2004 2005 2006 Source: Ministry of Tourism Continued buoyancy in foreign tourist arrivals in Financial Year 2006 5

  6. Slide 6: City Occupancies – April to December, 2006

    City Occupancies – April to December, 2006 86 Percentage 82 81 77 76 75 73 73 72 72 73 71 71 65 64 63 62 61 i ad i a re ne a i i lh na ba ba Go at lo ab De Pu en um um lk ng er Ko Ch M M Ba d Hy h h rt ut No So FY07 FY06 Source: Internal Survey Mumbai, Pune & Goa continue to grow, reduction in other

  7. Slide 7: City ARRs – April to December, 2006

    City ARRs – April to December, 2006 Rs/roomday 11708 10012 10283 9436 8851 7605 7011 7033 6872 6121 6471 5979 5262 5398 4822 5111 4859 i 3917 ad i a re ne a i i lh na ba ba Go at lo ab De Pu en um um lk ng er Ko Ch M M Ba d Hy h h rt ut No So FY07 FY06 Source: Internal Survey ARR grew across most me

  8. Slide 8: City RevPARs – April to December, 2006

    City RevPARs – April to December, 2006 8375 Rs/roomday 7801 7289 6469 6518 6131 5397 4584 4420 4320 4441 4226 4151 3788 3829 3605 2855 2954 S - Mum N - Mum Delhi B'lore Chennai Hyd Kolkata Pune Goa FY07 FY06 Source: Internal Survey Thus, RevPAR grew - 25% to 45% 8

  9. Slide 9: Financial Performance

    Financial Performance Nine Months ended December 31, 2006 9

  10. Slide 10: Highlights – For Nine Months ended December 31, 2006

    Highlights – For Nine Months ended December 31, 2006 Turnover of Rs.976 crores - up by 28% EBITDA of Rs.318 crores - up by 46% PBT of Rs.253 crores – up by 63% PAT of Rs.173 crores – up by 65% EPS (Diluted) higher at Rs. 2.94 CY vs Rs. 1.81 PY 10

  11. Slide 11: Turnover Trend

    Turnover Trend 976 762 Rs. Crores 603 412 329 253 Quarter 3 Nine Months FY05 FY06 FY07 Nine Months growth – 28% over last year Quarter 3 growth - 26% over last year 11

  12. Slide 12: EBITDA Trend

    EBITDA Trend 318 219 Rs. Crores 156 133 116 70 Quarter 3 Nine Months FY05 FY06 FY07 Nine Months growth - 45% over last year Quarter 3 growth – 35% over last year 12

  13. Slide 13: Financial Results – Nine Months ended December 31, 2006

    Financial Results – For Nine Months ended December 31, 2006 Rs. Crores 2006/07 2005/06 % Change Sales & Other Operating Income 933.76 728.33 28 Other Income 41.84 33.41 25 Total Income 975.60 761.74 28 Consumption of Raw Material 78.30 66.18 18 Staff Cost 191.71 157.00 22 License Fees 100.56 73.95 3

  14. Slide 14: Financial Results – Nine Months, Income Breakdown

    Financial Results – For Nine Months ended December 31, 2006 Rs. Crores 2006/07 2005/06 % Change Room sales 503.12 370.70 36% F&B Sales 330.61 282.31 17% Other operating income 52.66 40.44 30% Management fees 47.37 34.88 36% Other Non operating income 41.84 33.41 25% Sales & Other Operating Income 97

  15. Slide 15: ARR & Occupancy

    ARR & Occupancy ARR RevPAR Period Occupancy (Rs) (Rs) 2006/07 2005/06 2006/07 2005/06 2006/07 2005/06 Change Q1 66% 65% 7337 5576 4836 3603 34% Q2 66% 64% 7583 5639 4996 3636 37% Q3 76% 74% 10772 8150 8140 6011 35% Nine Months 69% 68% 8672 6535 5995 4420 36% Buoyant market conditions lead to 33% gro

  16. Slide 16: Highlights – Quarter ended December 31, 2006

    Highlights – Quarter ended December 31, 2006 Turnover at Rs.412 crores – an increase of 26% EBITDA at Rs.156 crores - higher by 35% PBT at Rs.132 crores - higher by 42% PAT at Rs.88 crores – increase of 43% 16

  17. Slide 17: Financial Results – Quarter ended December 31, 2006

    Financial Results – Quarter ended December 31,2006 Rs. Crores 2006/07 2005/06 % Change Sales & Other Operating Income 409.76 317.45 29 Other Income 2.57 11.05 (77) Total Income 412.33 328.50 26 Consumption of Raw Material 31.93 26.66 20 Staff Cost 72.11 61.33 18 License Fees 45.69 32.15 42 Fuel, Pow

  18. Slide 18: Financial Results – Quarter ended December 31, 2006, Income Breakdown

    Financial Results – For Quarter ended December 31, 2006 Rs. Crores 2006/07 2005/06 % Change Room sales 228.56 168.66 36% F&B Sales 139.76 117.37 19% Other operating income 21.34 16.06 33% Management fees 20.10 15.36 31% Other Non operating income 2.57 11.05 Sales & Other Operating Income 412.33 328.

  19. Slide 19: The Taj Group - Overview

    The Taj Group - Overview 19

  20. Slide 20: Overview of Taj Group

    Overview of Taj Group Particulars 9M 2006/07 9M 2005/06 9M 2004/05 No. Of Hotels (as on date) 76 67 63 Inventory (as on date) 9256 8619 8120 Total Income – Rs crores 2645 2086 1693 Total revenues grew by 27% over previous year Un-audited consolidated results would be announced from Quarter 1 of 2007

  21. Slide 21: Update on Taj Boston

    Update on Taj Boston 21

  22. Slide 22: Update on Taj Boston

    Update on Taj Boston ƒ Erstwhile Ritz Carlton in Boston is now TAJ BOSTON ƒ Acquired on January 11, 2007 through a 100% subsidiary incorporated in US ƒ Acquisition price – US$ 170 million ƒ No. of Rooms – 273 ƒ Banqueting Space – 16500 Sq. ft. ƒ Financing ƒ Equity (unutilized FCCB) - US$ 90 million

  23. Slide 23: Other Key Points

    Other Key points 23

  24. Slide 24: Other Key Points: Amalgamation and Ginger

    Other Key Points ƒ Scheme of Amalgamation – Members have approved the Scheme of Amalgamation – Expect all approvals in hand in February 2007 – Impact of merger will be reflected in Audited 2006/07 financials ƒ Ginger – Hotel in Pune commissioned in November 2006 – Now 6 Ginger hotels operating with

  25. Slide 25: Other Key Points: Wilderness Resorts and Branded Foods

    Other Key Points ƒ Taj Wilderness Resorts – First Wild Life Resort commissioned at Bandavgarh – Second resort to be commissioned in Pench in February 2007 ƒ Branded Foods Business – Rs. 18 crores investment in Amalgam Foods Ltd. to acquire 74% Equity stake – Ready to Eat and Ready to Cook foods segm

  26. Slide 26: Other Key Points: New Properties and Exits

    Other Key Points ƒ New Properties – Executed license agreement for 350 room hotel in Yeshwantpur, Bangalore – Board approvals obtained for Management Contracts for • Gateway Hotel in Raipur • Gateway Hotel in Jalandhar • Premium Business Hotel in Trivandrum ƒ Exit from Management Contracts – Dennis

  27. Slide 27: IHCL Stock Performance

    IHCL stock Performance IHCL BSE Sensex 27

  28. Slide 28: Thank you

    Thank you 28

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