Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q4 FY2020 Earnings Presentation
28 slides from Chalet Hotels's earnings presentation, Jun 8, 2020
Slide 1: Cover letter to stock exchanges
CH ALET HOTELS June 8, 2020 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, P 1 Floor, New Trading Ring, Sandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir/ Mada
Slide 2: Presentation Q4FY20
Presentation Q4FY20 June 2020 1
Slide 3: What Defines Us
What Defines Us Long Term Partnerships Resilient Crafting A Business Fine Balance Model Sustainable Best Practices 2
Slide 4: Navigating COVID-19
Navigating COVID-19 3
Slide 5: A 2 Phase Strategy
A 2 Phase Strategy Phase 1: • Manage Cashflows • Lower costs Surviving COVID-19 • Review projects Crisis • Extend support to authorities fighting COVID-19 Phase 2: • Reboot Reboot - Reinvent - • Reinvent Race Ahead • Race Ahead 4
Slide 6: Phase 1: Surviving COVID-19 Crisis
Phase 1: Surviving COVID-19 Crisis Manage Cash • Mixed-use development led by Commercial rentals continues to be cash-flow accretive Flow • Cash on books, sanctioned lined of Credit and operating cashflow is reasonably adequate • Aligning Payroll costs with occupancy in business for near to mid term
Slide 7: Phase 2: Reboot, Reinvent, Race Ahead
Phase 2: Reboot, Reinvent, Race Ahead Reboot •All hotels action ready and fully prepared for ramp-up post lockdown •New standard operating Procedures (SOPs) being rolled out by brands in light of the new norms Reinvent •Sharpen consumer focus •Centralizing of key functions •Engaging with key clients
Slide 8: Resilient Business Model
Resilient Business Model Consistently driving operating efficiencies Employee Cost as a % of Revenue (FY20) 15% Staff to Room Ratio 1.21 1.03 Consistently delivering Market Leading Operating Performance Hospitality Margins%** 40.5% 40.7% FY19 FY20 39.2% 38.7% Power & Fuel Cost as a % of Revenue (FY2
Slide 9: Hospitality Performance – Monthly (Excl Novotel)
Hospitality Performance – Monthly (Excl Novotel*) ADR Occupancy % RevPAR 9080 9525 81.7% 87.3% 79.4% 75.9% 8566 8803 8540 72.3% 66.6% 6912 6924 6311 8719 8313 5944 5691 9814 78.4% 78.3% 8455 7746 69.7% 7116 7461 8224 4667 29.9% 6132 2317 3796 797 822 17.1% 21.6% Dec Jan Feb March April May Dec Jan F
Slide 10: Novotel Pune Nagar Road Performance – Monthly
Novotel Pune Nagar Road Performance – Monthly* ADR Occupancy % RevPAR 5519 5638 77.2% 78.5% 3894 4735 4795 67.8% 65.8% 3631 3371 3155 4969 4961 69.9% 3858 4704 4347 3326 1011 58.3% 59.0% 2762 23.3% Dec Jan Feb March Dec Jan Feb March Dec Jan Feb March FY19 FY20 FY19 FY20 FY19 FY20 (In Rs. Mn) Total
Slide 11: Business Performance
Business Performance 10
Slide 12: Consolidated Q4FY20 Performance
Consolidated Q4FY20 Performance (In Rs. Mn) Total Income* EBITDA** Margin % PAT 2,771 37.7% 1,044 422 2,376 30.9% 735 133 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 * PY Treasury Income by Rs 18 mn (CY NIL) **Includes Exchange loss of Rs. 18 Mn (PY Rs. 13 mn) 11
Slide 13: Consolidated FY20 Performance
Consolidated FY20 Performance (In Rs. Mn) Total Income * EBITDA** Margin % PAT 10,348 10,090 3,668 3,645 36.1% 996 35.4% FY19 FY20 FY19 FY20 FY19 FY20 (76) FY19 FY20 * PY Treasury income of Rs 188 mn (CY NIL) **Includes Exchange loss of Rs. 18 Mn (PY Rs. 161 mn) 12
Slide 14: Hospitality City-wise performance
Hospitality City-wise performance FY20 Revenue Rs 8,755 Mn Q4FY20 Q4FY19 YoY % FY20 FY19 YoY% ADR (Rs.) MMR 8,886 8,693 2% 8,309 8,080 3% Bengaluru Bengaluru 9,461 9,435 0% 9,093 8,756 4% 17% Hyderabad 9,211 8,883 4% 8,688 8,163 6% Pune 5,255 5,255 MMR Hyderabad 8,890 8,852 0% 8,482 8,210 3% Combine
Slide 15: Hospitality Segment Q4FY20
Hospitality Segment Q4FY20 (In Rs. Mn) Revenue Segment Profit* Margin % Revenue Break-up Q4FY20 2,567 41.7% F&B 1,071 34.2% 32% 2,011 Room 60% 686 Others 8% Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 * Segment Profit before Interest Depreciation and Tax, Includes Exchange Loss of Rs. 17 Mn (PY Rs. 15
Slide 16: Hospitality Segment FY20
Hospitality Segment FY20 (In Rs. Mn) Revenue Segment Profit* Margin % Revenue Break-up FY20 39.0% 38.6% 3,566 F&B 9,137 3,375 8,755 32% Room 60% Others 8% FY19 FY20 FY19 FY20 FY19 FY20 * Segment Profit before Interest Depreciation and Tax, Includes Exchange Loss of Rs 17 Mn (PY Rs. 154 Mn) 15
Slide 17: Retail & Commercial
Retail & Commercial (In Rs. Mn) Revenue Segment Profit* Margin % Updates: 263 54% • Steady revenue rental revenues in 143 Commercial leasing continues in current scenario 91 5% • Straight Line Impact on lease rental 5 • Q4: Rs.46 mn (PY: Rs.23 mn) Q4FY19 Q4FY20 • FY20: Rs.375 mn (PY: Rs.96 mn) Q4FY1
Slide 18: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q4FY20 Q4FY19 YoY% FY20 FY19 YoY% Total Income 2,376 2,771 -14% 10,090 10,348 -2% Total Expenditure 1,641 1,727 -5% 6,445 6,679 -4% EBITDA 735 1,044 -30% 3,645 3,668 -1% Margin % 30.9% 37.7% 36.1% 35.5% Depreciation and Amortisation 285 29
Slide 19: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement (In Rs. Mn) Particulars March 31, 2020 March 31, 2019 Fixed Assets 22,825 20,498 Capital Work in-progress 875 342 Investment Property 7,138 6,810 Goodwill 226 226 Cash and Cash Equivalents 1,350 878 Other Non-Current assets 2,414 1,677 Other Current Assets 5,299
Slide 20: Debt Position
Debt Position Debt Movement 27,093 (In Rs. Mn) 17,907 14,942 22,173 13,141 15,929 4,920 1,801 1,978 Mar-18 Mar-19 Mar-20 ECB Loans Rupee Loan Consolidated March 31, 2018 March 31, 2019 March 31, 2020 Total Debt / Equity 5.5 1.0 1.2 Total Debt / EBITDA 9.0 4.1 4.9 USD:INR Conversion rate used 65.04 6
Slide 21: About Chalet..
About Chalet.. 20
Slide 22: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Located in INR 10,090 Mn INR 3,645 1 Mn High Density / 36.1% About the Company Business Districts Hospitality the leading Mumbai, Bengaluru, Total Income – FY2020 EBITDA and EBITDA Hyderabad, Pune Margin – FY2020 business driver Retail & 2,554 Operatio
Slide 23: Our Hotel Portfolio
Our Hotel Portfolio Novotel Pune Nagar Road Hotel JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (427 (223 Keys) (588 Keys) (391 Keys) Keys) Strategically Chosen Brands at Key Locations Leading to Market Leadership Four Points by Sheraton Navi Lakeside Ch
Slide 24: Portfolio of High-End, Globally Recognized, Branded Hotels
Portfolio of High-End, Globally Recognized, Branded Hotels 588 600 173 Top tier 5 star 2,179 152 * Deluxe Luxury Keys Mumbai Luxury – Upper Upscale Pune 375 4–5 Keys 223 star Hyderabad Upscale & Midscale Bengaluru 3-4 Upper-Midscale star 2-3 391 427 Midscale-Economy star * Under Franchise Agreement,
Slide 25: Key Awards
Key Awards Spa by JW – Most Luxurious Spa Certified as a Great Place to Work Great Place to Work® Institute Treatment –– Chalet Hotels Limited –– J W Marriott Mumbai Sahar Best Business Hotel in Maharashtra Highest Reduction in Energy Intensity - Business Leaders Award 2019 Marriott International at
Slide 26: Hotel-led Complementary Mixed-Use Commercial and Retail Developments
Hotel-led Complementary Mixed-Use Commercial and Retail Developments Strategy of co-locating projects augur well for Business Demand coupled with optimal utilization of available land Office and Retail (0.9 Mn sqft) Inorbit Mall Office Tower Whitefield, Bengaluru Whitefield, Bengaluru 260K sq ft of
Slide 27: Disclaimer
Disclaimer This release has been prepared by Chalet Hotels Ltd (CHL) and the information on which it has been based has been derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given are fair and reas
Slide 28: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 27