Royal Orchid Hotels Limited · NSE:ROHLTD
Royal Orchid Hotels — Q4 FY2022-23 Earnings Presentation
58 slides from Royal Orchid Hotels's earnings presentation, May 30, 2023
Slide 1: Cover letter to stock exchanges: Investors Presentation
Date: May 30, 2023 To, To, The Manager, The Manager, Department of Corporate Services, Department of Corporate Services, Bombay Stock Exchange Limited National Stock Exchange of India Floor 25, P. J. Towers, Limited, Dalal Street, Exchange Plaza, Plot no. C/1, G Block Mumbai – 400 001 Bandra Kurla C
Slide 2: Royal Orchid Hotels Ltd. Q4 & Year End 2022-23
Royal Orchid Hotels Ltd. Q4 & Year End 2022-23
Slide 3: Disclaimer
Disclaimer Statements made in this Presentation describing the Company’s objectives, projections, estimates, predictions and expectations may be ‘forward-looking statements’, within the meaning of applicable securities laws and regulations. As ‘forward-looking statements’ are based on certain assump
Slide 4: Table of Contents
Table of Contents Industry Overview 01 Company Overview 02 03 Business Overview Financial Overview 04
Slide 5: Industry Outlook
Industry Outlook PROPOSED BRANDED HOTEL ROOMS ACROSS MAJOR CITIES 2020 / 21 2025 / 26 17931 17435 15892 15181 14330 13901 9969 9655 9061 7827 7718 7626 7420 7299 7039 6915 5714 5643 5442 4933 4817 3878 3878 2562 2045 1423 AGRA A H ME D A B A D B E N G A L U R U C H E N N A I N EW D E L H I G U R U G
Slide 6: Key Growth Drivers
Key Growth Divers Robust Attractive Policy Boosting Demand Opportunity Support Hospitality International tourist Government has allocated Under the Budget 2022-23, Diverse portfolio of with arrivals in India expected 100% FDI in Tourism & the government has focus on niche tourism to reach 30.5 milli
Slide 7: Key Industry Challenges
Key Industry Challenges Competition Infrastructure Entry of Travel Limited land availability at aggregators intensifies competitive landscape 01 the desired location Rising property prices 04 02 Regulatory Funding Delays in getting 03 Increasing cost of debt approvals and licenses leading to increas
Slide 8: Company Overview
Company Overview WHO OUR MANAGEMENT OUR WE ARE? JOURNEY TEAM PRESENCE
Slide 9: Who we are?
Who we are? SERVICE APARTMENTS Royal Orchid Suites Regenta Suites 4 STAR RESORT / HERITAGE • Royal Orchid Hotel Ltd (ROHL) was incorporated Royal Orchid Central Royal Orchid Resort Regenta Resort in 1986 under the name of Universal Resorts Ltd. Regenta Central • Promoted by Mr. Chander K Baljee 5 ST
Slide 10: Our Journey
Our Journey 90+ Hotels First Hotel 19 Hotels Across India Hotel Royal Orchid Across India 01 19 90+ 2001 2006-07 2012-13 2018-19 TODAY Corporate HQ 07 Hotels 07 40+ 40+ Hotels Across India
Slide 11: Our Presence
UOC OQunmeresence 90+ 5442+ | 150+ Hotels & Resorts in Luxury Rooms, Specialty & All day Dining 58+ Locations Villas & Premium Suites Restaurants 20+ Leisure Destinations 30+ Business Destinations 16+ Wedding Destinations ry
Slide 12: ROHL Vision
ROHL Vision Our Vision is to operate 100+ profitable and responsible hotels where guests love to stay, dine and celebrate. We wish to create hotels which have a soul, a reflection of our distinctly warm Indian Hospitality. In this journey towards 100 hotels, we will also empower the youth of our cou
Slide 13: Board of Directors
Non-Executive Directors Board of Directors Mr. Sunil Sikka Managing Partner of Houzz N Dezins a leading Floor covering sourcing solutions provider. Mr. Keshav Baljee Co-promoter of Royal Orchid Hotels Limited also founder of Spree Hotels, which is one of India's fastest growing and most loved mid- m
Slide 14: Management
> Management S. &. %. &. Mr. Amit Jaiswal Chief Financial Officer Over 30+ years of exp in Finance with Manufacturing & Hotel Industry Mr Vijay Krishnan Vazhvelil VP Operations (South) Over 25+ years of experience with Oberoi Hotels, Starwood Hotels, Hyatt Hotels & American Express. Mr. Shiwam Verma
Slide 15: Hotelier Hall of Fame 2021
hotelier > HALL OF >) FAME 2021 Mr. Chander Baljee, was inducted into HOTELIER INDIA’S CEO POWERLIST, 2021 “LIFETIME ACHIEVEMENT AWARD’ conferred by International Hospitality Council in Association with IIHM Bangalore, 2019
Slide 16: Awards
[/\WEIFCIS The group has bagged many awards including The National Tourism Award 2008-09 organized by the Ministry of Tourism, Top 50 Brands for 2014 and 2015 by Paul Writer and most recently, the following: Mr Chander Baljee awarded Best Contribution to the Hospitality Industry by the South India H
Slide 17: Business Overview
Business Overview Our Business Structure Our Business Model Our Offerings Competitive Advantage
Slide 18: Our Business Structure
Our Business Structure Owned hotels By Business Leased Hotels Portfolio Managed & Franchised Hotels Royal Orchid Hotels Limited (ROHL) By Legal Entity Subsidiaries Companies
Slide 19: Our Business Model - Asset Light Model
Our Business Model -Asset Light Model Steadily gaining strong foothold through focus on Management contracts which will lead to high growth Facilitates expansion No upfront plans and ramping up requirement of presence 01 capex 05 Key 02 Creates brand Maintenance Capex factors required - Minimal visi
Slide 20: Property breakup with rooms
Property breakup with rooms No of Keys FY21-22 Q4 of FY21-22 Q4 of FY22-23 FY22-23 Management / Franchisee Contracts 3,431 82 184 3,775 Leased 502 67 - 575 Owned (Domestic) 268 - - 268 Owned (Overseas) - - - - JV 323 - - 323 Total KEYS 4,524 149 184 4,941 Average Occupancy (JLO) 57% 62% 77% 77% Aver
Slide 21: Portfolio
Revenue Model Operational as on Date Managed / Category Owned Leased JV Total Franchise Portfolio Asset 5 Star 268 - 139 - 407 4 Star - 396 130 2053 2579 Service Apartment - 67 - 71 138 Resort/Heritage/MICE - 101 54 853 1008 3 Star / Budget _ 83 - 1227 1310 Total Keys 268 647 323 4204 5442
Slide 22: Growth in rooms
Growth in rooms 7000 6,591 6000 5,354 5,450 5,010 5000 4,763 4,358 3,980 3,980 4000 3,733 2,988 3000 2000 1000 591 591 591 591 591 646 439 439 439 501 0% 33% 25% 23% 0 Owned Leased / JV Managed TOTAL 2018-19 2019-20 2020-21 2021-22 2022-23 % Growth + Signed + Signed + Signed + Signed + Signed Hotels
Slide 23: Upcoming Hotels by 2023
Upcoming Hotels by - 2023 Hotel Name City / Location Regenta Resort Gulbarga Regenta Inn Nellore 20+ Regenta Inn HRBR, Bangalore Regenta Resort Coorg Regenta Central Mysore Regenta Resort Sakleshpur Regenta Inn Regenta Place Gangtok Bhopal Hotels Regenta Inn Gurgaon, Sector 47 1100+ Regenta Inn Raip
Slide 24: Competitive Advantage
Competitive Advantage Balanced portfolio Strong sales presence Affordable luxury having having presence in across major source plethora of options for over 58 locations and markets in India modern travelers 11 states
Slide 25: Financial Overview
Financial Overview Quarterly & Half Year Consolidated Income Highlights and Margins Statement & Balance Shareholding Financial results Sheet snapshot
Slide 26: Standalone financials for Quarter and Year Ending March 2023
₹ In Crore Standalone financials for Quarter and Year Ending March 2023 Particulars Q4FY22-23 Q3FY22-23 Q4FY21-22 YE FY22-23 YE FY21-22 Q-o-Q Y-o-Y - Room nights 26.76 26.41 8.58 93.67 37.23 212% 152% - Food and beverages 16.16 16.27 10.94 61.71 33.83 48% 82% - Other services 4.60 4.10 3.65 14.57 8.
Slide 27: Consolidated financials for Quarter and Year Ending March 2023
₹ In Crore Consolidated financials for Quarter and Year Ending March 2023 Particulars Q4FY22-23 Q3FY22-23 Q4FY21-22 YE FY22-23 YE FY21-22 Q-o-Q Y-o-Y - Room nights 38.36 38.38 17.72 137.79 69.34 116% 99% - Food and beverages 23.97 25.47 16.39 93.20 52.51 46% 77% - Other services 10.22 8.64 5.42 32.5
Slide 28: Standalone Quarter and Year Ending March 23
₹ In Crore Standalone Quarter and Year Ending March 23 Q4FY22-23 Q3FY22-23 Q4FY21-22 60.00 48.67 48.39 50.00 40.00 QTR 4 30.00 26.57 20.00 16.66 17.36 8.51 9.67 11.55 7.18 8.20 10.00 3.97 2.78 - Total revenues EBITDA PBT PAT YE FY22-23 YE FY21-22 200.00 176.62 150.00 FY 22-23 100.00 88.25 61.85 50.0
Slide 29: Consolidated Quarter and Year Ending March 23
₹ In Crore Consolidated Quarter and Year Ending March 23 Total revenues EBITDA PAT 100.00 76.55 76.53 80.00 QTR 4 60.00 46.95 40.00 27.75 31.67 25.80 20.00 13.12 15.19 14.24 - Q4FY22-23 Q3FY22-23 Q4FY21-22 YE FY22-23 YE FY21-22 300.00 279.69 250.00 200.00 155.93 150.00 98.03 FY 22-23 100.00 40.36 49
Slide 30: Consolidated Margins
Consolidated Margins ₹ In Crore Quarterly Margins FY 2022-23 Margins EBITDA PBT PAT YE FY22-23 YE FY21-22 35.00 31.67 120.00 30.00 27.75 98.03 100.00 25.80 25.00 80.00 20.00 19.23 63.61 16.20 15.19 60.00 15.00 14.24 13.12 49.23 40.36 10.00 40.00 5.78 26.79 5.00 20.00 4.82 - Q4FY22-23 Q3FY22-23 Q4FY2
Slide 31: Sustainable Growth – Consolidated Numbers FY 2022-23
₹ In Crore Sustainable Growth – Consolidated Numbers FY 2022-23 TOTAL INCOME E B I T DA A N D E B I T DA M A R G I N S 300.00 279.69 120.00 40% 250.00 219.04 219.74 100.00 30% 80.00 200.00 155.93 60.00 20% 150.00 40.00 10% 88.84 100.00 20.00 0% 50.00 - (20.00) FY18-19 FY19-20 FY20-21 FY21-22 FY22-23
Slide 32: Consolidated Assets & Liabilities – Snapshot
₹ In Crore Consolidated Assets & Liabilities – Snapshot As on 31st March 2023 Particulars FY 22 - 23 FY 21 - 22 Assets Property, plant and equipment 115.91 114.48 Capital work-in-progress 1.46 0.39 Goodwill 73.20 60.49 Right-of-use assets 17.64 17.64 Other intangible assets 0.06 0.12 Other non-curre
Slide 33: Detail of Other Income - Standalone
₹ In Crore Detail of Other Income - Standalone Particulars FY 22-23 FY 21-22 Other income Interest income - from bank deposits 1.59 1.35 - on management fee 0.61 0.41 - on other deposits 0.51 - Interest on Compulsorily Convertible Debentures - - - from subsidiaries 0.19 0.46 Interest income earned o
Slide 34: Detail of Other Income – Consolidated
₹ In Crore Detail of Other Income – Consolidated Particulars FY 22-23 FY 21-22 Other income Interest income - from bank deposits 2.78 1.92 -on income tax refund 0.05 0.18 - on other deposits 1.12 - Income on account of rent concessions 0.13 0.45 Recovery from managed properties 8.10 6.08 Interest in
Slide 35: Revenue Breakup including Associate
₹ In Crore Revenue Breakup including Associate Standalone Consolidated FY22-23 FY21-22 FY22-23 FY21-22 100.00 180.00 93.92 90.00 160.00 155.01 80.00 140.00 70.00 61.48 120.00 60.00 102.61 100.00 50.00 80.00 37.23 69.34 40.00 33.83 60.00 52.51 30.00 40.00 20.00 23.87 10.11 10.00 6.53 20.00 12.49 4.43
Slide 36: Consolidated Revenue Breakup including Associate - Segment Wise
₹ In Crore Consolidated Revenue Breakup including Associate - Segment Wise FY22-23 FY21-22 120.00 100.00 96.39 88.86 81.80 80.00 60.00 41.32 43.78 40.93 40.00 23.87 20.00 12.49 - Owned Lease / Revenue Share Joint Venture/ Associate Managed hotels
Slide 37: Consolidated Revenue Breakup - Segment Wise
₹ In Crore Consolidated Revenue Breakup - Segment Wise O P E R AT I N G M AR G I N EBITDA FY22-23 FY21-22 FY22-23 FY21-22 50.00 50.00 46.93 44.74 45.00 45.00 39.36 40.00 40.00 37.23 35.00 35.00 30.00 30.00 27.20 25.00 25.00 20.00 20.00 16.86 15.76 15.04 15.03 14.62 15.00 13.94 15.00 11.45 10.30 10.0
Slide 38: Consolidated Revenue - Leisure & Business Hotels
₹ In Crore Consolidated Revenue including Associate - Leisure & Business Hotels 250.00 213.55 200.00 150.00 96.98 100.00 77.38 73% 70% 50.00 41.54 30% 27% - FY22-23 FY22-23 % FY21-22 FY21-22 % Leisure destination Business Hotels
Slide 39: Manpower Per Room
Manpower Per Room Hotel Name Location No Keys FY 22-23 FY 21-22 Hotel Royal Orchid Bangalore Bangalore 195 1.18 0.97 Hotel Royal Orchid Jaipur Jaipur 139 1.17 0.95 Regenta Suites Gurugram Gurugram 67 1.40 - Regenta Central Hotel & Conv. Cent. Nagpur Nagpur 47 2.74 2.53 Royal Orchid Central Pune Pune
Slide 40: Return on Capital Employed (ROCE)
Return on Capital Employed (ROCE) 25% 23% 20% 15% 11% 10% 7% 7% 5% 0% FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 -5% -7% -10%
Slide 41: Shareholding
Shareholding 5% Promoter 63.60% Foreign Portfolio Investors 4.84% 31% Others 31.56% Total 100% 64% Foreign Portfolio Investors Others Promoters
Slide 42: Our Holiday Destinations
Our Holiday Destinations Goa « Bangalore * Mysore Hampi « Belagavi « Nashik Bharatpur * Bhuj Jaipur Lonavala * Mahabaleshwar Mussoorie * Manali » Pushkar Ranthambore « Srinagar Rishikesh * Shimla » Haridwar Udaipur
Slide 43: Our Wedding Destinations
Complimentary Honeymoon Package & Bridal Suite Our Wedding Destinations Goa « Bangalore Ranthambore « Jaipur Mussoorie » Mahabaleshwar Nagpur - Pushkar Bharatpur + Bhuj
Slide 44: Our Business Destinations
Our Business Destinations Ahmedabad * Bangalore Bharuch * Chandigarh * Chennai Dahej + Indore + Jaipur + Kolkata Kanpur « Ludhiana * Mysore Noida * Navi Mumbai « Nashik Nagpur + Pune « Rajkot - Shimoga * Vadodara * Vapi
Slide 45: Our Wildlife Destinations
Our Wildlife Destinations Ranthambore Pench National Park Kabini
Slide 46: Hotel Royal Orchid, Bangalore
Hotel Royal Orchid, Bangalore
Slide 47: Royal Orchid Brindavan Garden Palace & Spa, Mysore
Royal Orchid Brindavan Garden Palace & Spa, Mysore
Slide 48: Royal Orchid Resort & Convention Centre, Bangalore
Royal Orchid Resort & Convention Centre, Bangalore
Slide 49: Hotel Royal Orchid, Jaipur
Hotel Royal Orchid, Jaipur ~ =
Slide 50: Royal Orchid Central, Hampi, Hospet
Royal Orchid Central, Hampi, Hospet
Slide 51: Regenta Resort, Belagavi
Regenta Resort, Belagavi
Slide 52: Regenta Kabini Springs Resort, Kabini
Regenta Kabini Springs Resort, Kabini
Slide 53: Regenta Resort & Spa Mashobra, Shimla
Regenta Resort & Spa Mashobra, Shimla
Slide 54: Regenta Resort, Vanya Mahal, Ranthambore
Regenta Resort, Vanya Mahal, Ranthambore
Slide 55: Royal Orchid Fort Resort, Mussoorie
Royal Orchid Fort Resort, Mussoorie
Slide 56: Royal Orchid Beach Resort & Spa, Goa
Royal Orchid Beach Resort & Spa, Goa
Slide 57: Regenta Inn, Manali
Manali Regenta Inn, Manali
Slide 58: Contact
CONTACT Royal Orchid Hotels Ltd., KAPTIFY Consulting Mr. Chander Baljee T: +91 8452886099 Chairman & Managing Director E: contact@kaptify.in W: www.kaptify.in Mr. Amit Jaiswal Chief Financial Officer M: +91 99020 00110 E: cfo@royalorchidhotels.com W: www.royalorchidhotels.com
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