Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Q2 FY2025 Earnings Presentation
43 slides from Samhi Hotels's earnings presentation, Nov 8, 2024
Slide 1: Investor Presentation for Quarter 2 FY25 filing letter
SIMART HOTEL INVESTMENTS — 08™ November 2024 SAMHI Hotels Ltd. BSE Limited National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Mumbai 400 001 Bandra Kurla Complex, Maharashtra, India Bandra (East) Mumbai — 40
Slide 2: SAMHI Hotels Ltd Investor Presentation Q2 FY25
oQo MART HOTEL INVESTMENT. SAMHI Hotels Ltd IR M‘-IH | | — | Investor Presentation — Q2 FY25 -
Slide 3: Business update - Important notice
Business update November 2024 SAMH — SMART HOTEL INVESTMENTS— Important notice The Company is providing a Business update in addition to the Quarterly highlights in view of its recently announced acquisition of a hotel in Bangalore and the lease of a building in Hyderabad. These acquisitions have ma
Slide 4: Acquisition Update
Acquisition Update SAMHI signs a long-term variable lease agreement in Hitec City, Hyderabad to build an Upper Upscale Hotel 8th November 2024 @@ @ Note: Above shown asset image is only for illustration purpose and is subject to change
Slide 5: Executive Summary
FXxecutive Summary SAMHI Hotels Limited (“SAMHI") has signed a long-term variable lease agreement in Hitec City, Hyderabad to develop an Upper Upscale hotel with 170 - 175 rooms Transaction » Asset located on the main arterial road of Hitec City, the largest office micro-market in Hyderabad Summary
Slide 6: Asset Description
Asset Description [E— - o~ g5, - Particulars Hitec City, Hyderabad Brand/ Segment Upper-Upscale BUitipiereal [incl’:.lder?éoZ?gassce];':te-nts) Rooms 170-175 Avg. Room Size 40-45 sgq.mt. Meeting Space ~7,000 sg.mt. f e 4 X | F&B Restaurants 23 : . 5 /2 ; Amenities: by S o Gym v : E ‘ 4 ¢ \ Pool v .
Slide 7: Hyderabad Market Presence
Hyderabad Market Presence (# of Rooms) Existing Portfolio H Post Acquisition E Grand Total Upper Upscale & 3261 | +170-175 | 496 - 501 Upsca le Sheraton, Hyderabad (Gachibowli) E Upper Upscale Asset, Hyderabad (Hitec City) i 2% | i 232 Upper Mid-scale E ' Fairfield by Marriott, Hyderabad (Gachibowli
Slide 8: Key Features
Key Features Core Office & Quick Asset Rationale Aviation Market Turnaround + Variable lease structure Robust office market with Located on the main One of the first allowing capital efficiency 7.5mn' Net Absorption in arterial road of the Hitec conversions of a and higher risk-adjusted FY24, second
Slide 9: Addition of new Upscale hotels with ~525 rooms
Addition of 3 new Upscale hotels with ~525 rooms! Hyderabad, Hitec City Bangalore, Whitefield Bangalore, Whitefield i:i\fli[m guil_ = __—" 170-175 Rooms 200-220 Rooms 142 Rooms Upper Upscale Hotel Upper Upscale Hotel Operating Hotel Conversion of existing office To be developed adjacent to To be reno
Slide 10: Portfolio Impact
Portfolio Impact Bangalore and Hyderabad to add 45% growth to our Upscale portfolio - ~2x higher revenue per room than portfolio avg. = Strengthen our share in key office markets of Bangalore and Hyderabad which continue to perform strong = Increasing share of variable leased assets to boost returns
Slide 11: Q2 FY25 Performance Update
Q2 FY25 Performance Update
Slide 12: Q2 FY25 Highlights
Q2 FY25 Highlights —SMART HOTEL INVESTMENTS— ReVvPAR! Total Income 4,529 22,705mn +16.5% YoY +21.2% YoY Consol. EBITDA (pre- Esop) PAT 16.5% YoY growth in RevPAR demonstrates strong business demand 21,01omn 126mn across key markets +37.6% YoY Multiple levers in place to augment same-store growth @@
Slide 13: Consistent & strong growth
Consistent & strong growth FY2024 FY2025 All values in T mn unless specified Ql Q2 Q3 Q4 Q1 Q2 Total Income! 1,924 2,232 2,733 2,899 2,568 2,705 YoY growth 9.6% 25.1% 39.5% 36.9% 33.5% 21.2% © 116% YoY EBITDA (pre-ESOP /One Time) 650 739 1019 1,077 934 1016 ESOP & One-Time 78) (198) ms) (115) (44) (
Slide 14: Macro Dynamics
SAMHI Hotels Ltd. Macro Dynamics
Slide 15: Robust commercial activity across key markets
Robust commercial activity across key markets Office market size' (mn sq. ft.) Net Absorption? Office space absorption for vl Hvas Q2FY25 stood at ~12 mn sqft up u ear . from ~8 mn sqft in Q2FY24 Total of Total of m Current Upcoming ~43 mn sqft ~21 mn sqgft 35 14.0 66 4 Key Markets (Bangalore, Hyder
Slide 16: Travel across key cities continue growth path
Travel across key cities continue growth path Air passenger growth continues its upward trajectory with 71 million passengers in Q2FY25 (+7.9% Yov) Q2FY25 change over Q2FY24 QoQ airline passenger growth (in mn)! 47 40, 31 26 26 5.5% 5. © 38 Delhi Kolkata Bangalore Pune Chennai Hyderabad Ahmedabad £
Slide 17: Summary
SAMHI Hotels Ltd. r_m al o = © C O Q Summary
Slide 18: RevPARs continue upward trend
RevPARs continue upward trend Segment wise RevPAR growth L L (for Q2 FY25 YoY) Segment (Q2 FY25) Upper & Upscale i Mid-scale 21% 14,13 6% +15% YoY YovY 78 3,66 g 2 Established larger base of demand and continued growth in commercial activities across key markets driving RevPAR growth | Growth expect
Slide 19: SAMHI Intel
SAMHEI| SAMHilntel is our inhouse and proprietary asset management tool Updates - The system now has been migrated to a scalable platform with underlying larger database and efficient automated data uploading process - New mobile friendly view added to allow asset manager easy and on the move J qcce
Slide 20: Q2FY25 Total Income and Consol. EBITDA bridge
Q2FY25 - Total Income and Consol. E BITDA bridge Total Income zmn) Consol. EBITDA (pre-es0p) = mn) +212% Strong Same +20.4% - Store growth +28.1% +13.3% V@Y YoY +37.6% = +20.2% YoY VoY YoY 208 YoY 85 23) 243 144 2,705 2,211 811 Q2Fv24 Growth in Growth in ACIC Q2FY25 Corporate Q@ Fv25 Q@ Fr24 Growth
Slide 21: Operational efficiency
O p e r a t i O n a | Q2FY25 - Bridge from Total Asset Income to Consol. EBITDA (excl. ESOP) efficiency s 16.9% (245) 9.2% . . (529) ACIC Portfolio and Same Store EBITDA Margins ACIC wSamestore 19.9% 39.1% - 37.6% 0, ‘ s Asset EBITDA ol Pre- post-acquisition 6.9% (132) Margin EBITDA acquisition - Ma
Slide 22: Segment Performance
SAMHI Hotels Ltd. Segment Performance
Slide 23: Upper Upscale & Upscale assets
A Upward: Upper Upscale & Upscale assets Strong Upwards: ¥ Downward: Y-0-Yd ¥ strong Downwards: Q2FY25 (Y-0-Y) Fy24 (Y-0-Y) 5 hotels 1,074 rooms in 5 key cities Occupancy (%) 77% -— 74% o . 22% of total room inventory ARR (%) 9162 5 8954 5 ‘ 42% of Asset Revenues for Q2FY25 RevPAR () 7,067 5 6,648 5
Slide 24: Upper Mid-scale assets
= Stable: Y-0-Y change of +/-200bps; A Upward: Y-0-Y increase of between 200 - 700bps; Upper Mid-scale assets Strong Upwards: Yincrease of more than 700bps; ¥ Downward: Y-o-Y decrease of between 200 - 700bps; and ¥ strong Downwards: Y-0-Y decrease of more than 700bps. Q2FY25 (Y-0-Y) FY24 (Y-0-Y) 15
Slide 25: Mid-scale assets
¥ change of +/-200bps; -V increase of between 200~ 700bps; M |d -SCa M |e assets % Sirong Upards: oy P Strong Upwards: ¥ Strong Downwards: Y inrease of mor ther ootes increase of more than 700bps; lecrease of more than 700bD< Q2FY25 (Y-0-Y) FY24 (Y-0Y) 11 hotels 1,564 rooms in 7 cities Occupancy (%)
Slide 26: Growth Drivers
SAMHI Hotels Ltd. Growth Drivers
Slide 27: New Openings in Q3FY25
New Openings in Q3FY25 302 rooms under Holiday Inn Express brand; annual revenue potential of Y250-300mn Holiday Inn Express Whitefield Holiday Inn Express Kolkata Holiday Inn Express Greater NOIDA Extension: 54 Guestrooms 111 Guestrooms 137 Guestrooms Under Pre-Opening | E Under Pre-Opening
Slide 28: Internal Growth Projects
Internal Growth Projects Hotel Growth Project Status Caspia Pro, Greater NOIDA Conversion to Holiday Inn Express Under pre-opening Holiday Inn Express, Kolkata New Opening Under pre-opening Holiday Inn Express, Whitefield, Expansion with 54 guest rooms Under pre-opening Bangalore Sheraton, Hyderabad
Slide 29: Summary Financials
SAMHI Hotels Ltd. Summary Financials
Slide 30: Financial Summary (Consolidated P&L)
. . Q2FY25 Q2FY24 Change%* HIFY25 HIFY24 Change% FY24 I I I l a I l C I a | Operating Rooms (#) 4,6641 4801 46641 4801 46641 Occupancy (%) 75% 72% 75% 73% S l I m m a r Average Room Rate () 5,892 5,441 5782 5426 5804 y Asset Income 2,662 2,21 20.4% 5174 4,125 25.4% 9,630 H Asset EBITDA 1,040 an 28.1
Slide 31: Financial summary (Consolidated Balance Sheet)
Financial Fixed Assets Sep'24 24,575 Mar'24 24977 summary CwIP! 877 325 (Consolidated Other Non-current Assets 5,365 5213 Balance Sheet) Cash & Cash Equivalents 2,857 2,625 Inventories 38 40 Trade Receivables 777 605 Other Current Assets 697 666 Total Assets 35,186 34,451 Total Equity 10,646 10,385
Slide 32: Financial flexibility
Financial [ v2023 S2023 Sept 30, 2023 Dec 31, 2023 Mar 31, 2024 Jun 30, 2024 Sept30, 2024 flexibility Net Debt zmn) 28,339 29,383 17,974 18,427 18,242 18,626 18,788 TTM EBITDA* = mn) 3273 3,333 3,398 3,580 3,681 3,810 4,045 Net Debt : EBITDA 4.9x 46X —— 9.8% 9.7% g T 9.5% Net Debt : EBITDA —e—Intere
Slide 33: About Us
SAMHI Hotels Ltd. About Us
Slide 34: Portfolio snapshot
SAMHI — SMART HOTEL INVESTMENTS— Portfolio snapshot! #Rooms /% 1216 Upscale & Upper 25% e sheraton, Hyderabad Delhi Gurugra ter NOIDA Jaipur ) o © Ahmedabad Fairfield, Hyderabad = g = ga Nashik 5 s HIEX, Pune (Pimpri) . pie flinjewadi) 1564 32% 1. This includes the oper g hotels and does not include
Slide 35: Portfolio of strong brands across price point
Portfolio of strong brands across price point O R COURTY I lll[l(‘](l Fae Global HYATT REGENCY RENAISSANCE® AWMEDABAD HOTEL Bengaluru Outer Ring Road ,:,‘Rfiflél: oEF s Qbrands Upper Upscale / Upscale Upper Mid-scale Mid-scale 6 hotels 1,216 rooms 15 hotels 2,163 rooms 1 hotels 1,564 rooms Individuall
Slide 36: Experienced and professional team
Experienced and professional team es Ashish Jakhanwala Chairman, MD & CEO Rajat Mehra CFO Sanjay Jain Senior Director, Corporate Affairs, Company Secretary and Compliance Officer Gyana Das EVP & Head of Investments e Tanya Chakravarty General Counsel = Experienceacross Previously worked = Previously
Slide 37: Headed by a professional Board with strong corporate experience
Headed by a professional Board with strong corporate experience... Independent Directors Ashish Jakhanwala % < ¢ Manav Thadani Non-Executive & Ajish Abraham Jacob Michael David Holland Aditya Jain Independent e Archana Capoor Independent Krishan Dhawan Independent Chairman, Non- Non-Executive & Inde
Slide 38: Focus on key demand drivers
Focus on key demand drivers A B 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-ec
Slide 39: Historical Consolidated P&L Summary
Historical Consolidated P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 9787 7614 6276 3484 2632 1793 1720 L H1°24) 218 — (597) (29%9) FY20 Fy21 FY22 FY23 FY24 HIFY25 FY20 Fy21 FYy22 FY23 FY24 HIFY25 HIFY25 ® @ e Note: Allvaluesin T mn unless specified otherwise 38
Slide 40: Historical Consolidated Quarterly P&L Summary
Historical Consolidated Quarterly P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 2899 2733 2705 2568 2232 217 1959 1924 1756 1784 100 1077 1016 o34 79 739 3 126 42 T 673IGSOIIIII I (737) I I (744) I (837) (803) 835 (ggo) 1009) QI23 Q223 Q323 Q4'23 QI24 Q224 Q324 Q424
Slide 41: Glossary / Hotel list
Hotel Brand city Location Operator Segment Operating —— Addition/ Renovation #* Hyatt Regency™ Nagar Road Hyatt Upper Upscale 301 22 Glossary Pune Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 NZ2gvo~NousrWN= Sheraton Hyderabad Gachibowli Marriott Upscale 272 54 Courtyard by Marriott B
Slide 42: 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 43: Thank You
Thank You Company SAMHI Hotels Ltd. A S CIN: USSI01DL2010PLC211816 =\ - BB Mr. Gyana Das B EA S Executive Vice President & Head of Investments IEEEEDORE =0 AN E a's " — | I L Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. 1A CIN: U74140MH2010PTC204285 Ms. Ami Parekh / Mr. Rahul Agar