Byke Hospitality Ltd. · NSE:BYKE
Byke Hospitality — The Byke Hospitality — FY2019 Earnings Presentation
25 slides from Byke Hospitality's earnings presentation, Jun 13, 2019
Slide 1: The Byke Hospitality Limited exchange filing cover letter
THE BYKE HosPITALITY LIMITED CIN NO. L67190MH1990PLC056009 June 13, 2019 BYE-FILING To, To, To, Corporate Services Department, Corporate Services Department, Corporate Services Department, National Stock Exchange of India The Bombay Stock Exchange Metropolitan Stock Exchange limited, limited, 1 of I
Slide 2: Investors Presentation FY19
INVESTORS PRESENTATION FY19 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by The Byke Hospitality 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 s
Slide 4: New Addition to the Portfolio
New Addition to the Portfolio THE BYKE SPICE HERITAGE - COCHIN: The structural design of the hotel is contemporary yet traditional drawing inspiration from the local culture, craft and magnificence of South India. Has 25 well furnished rooms; 1 Vegetarian Global Cuisine Restaurant and 1 Banquet
Slide 5: New Addition to the Portfolio
New Addition to the Portfolio . THE BYKE STUDIO APARTMENTS- THANE: Strategically Located at the Busy Godhbunder Road serving as a corporate hub in Thane. Has 84 Apartments with latest modern amenities. The Apartments have been taken on long term lease. THE BYKE MAUSAM - BHAVNAGAR: 33 Rooms e
Slide 6: Properties to be operational in 2019-20
Properties to be operational in 2019-20 THE BYKE SPICE HERITAGE THE BYKE SUNSHINE GRAND THE BYKE MAUSAM- THE BYKE BRIGHTLAND COCHIN OOTY BHAVNAGAR MATHERAN No of Rooms: 25 No of Rooms: 73 No of Rooms: 33 No of Rooms: 63 No of Banquets: 1 No of Banquets: 2 No. of Banquet : 1 No. of Banquets: 1 THE BY
Slide 7: Performance FY-19
Performance FY-19
Slide 8: Profit & Loss Statement
Profit & Loss Statement (Rs. Mn) Particulars Q4 FY19 Q4 FY18 Y-o-Y Growth FY19 FY18 Y-o-Y Growth Revenue 461.6 558.9 -17.4% 1,467.7 1,774.1 -17.3% Cost of services 100.6 91.4 10.1% 316.7 282.7 12% Employee Expense 42.3 35.3 19.8% 123.1 113.5 8.5% Other expense 369.4 212.5 73.8% 791.1 690.8 14.5% Tot
Slide 9: Balance Sheet as on 31st March 2019
Balance Sheet as on 31st March 2019 (Rs. Mn) (Rs. Mn) Liabilities Mar’19 Mar’18 Assets Mar’19 Mar’18 Share Capital 401.0 401.0 Net Block + CWIP 1,226.5 1,115.1 Reserves and Surplus 1,438.6 1,436.5 Other Non-Current Assets 81.7 82.6 Net Worth 1,839.6 1,837.4 Long Term Loans and Advance 217.1 180.6 Lo
Slide 10: Financial Highlights
Financial Highlights Revenue (Rs Mn) EBITDA (Rs Mn) 1,774 687 1,468 237 FY18 FY19 FY18 FY19 Cash Profit (Rs Mn) PAT (Rs Mn) 360 496 200 51 FY18 FY19 FY18 FY19 Investor Presentation FY19 9 9
Slide 11: FY19 Segment Performance
FY19 Segment Performance Revenue (Rs Mn) Break-up of Hotel revenue 370 766 809 1404 1469 639 660 FY18 FY19 -143 FY18 FY19 Hotel Chartering Room F&B & Events EBITDA(Rs Mn) and EBITDA Margin 29% 29% 289 408 422 -176 FY18 FY19 Hotel Hotel Chartering FY18 FY19 Investor Presentation FY19 10 10
Slide 12: Hotel Business Performance Highlights
Hotel Business Performance Highlights Operational Room Inventory Average Daily Room Rate (Rs) 735 790 3,867 3,882 FY18 FY19 FY18 FY19 Occupancy (%) RevPAR (Rs) 1,405 1,469 68 67 FY18 FY19 FY18 FY19 Note: Drop in occupancy levels is on account of new supply addition Investor Presentation FY19 11 11
Slide 13: Hotel Portfolio as on 31st May 2019
Hotel Portfolio as on 31st May 2019 No Hotel Location No. of rooms Type Operational 1 Byke Old Anchor Goa 240 Leased 2 Byke Suraj Plaza Mumbai 122 Leased 3 Byke Heritage Matheran 80 Owned 4 Byke Grassfield Jaipur 54 Leased 5 Byke Neelkanth Manali 40 Leased 6 Byke Redwood Matheran 25 Leased 7 Byke Gr
Slide 14: Business Overview
Business Overview
Slide 15: Byke – At a Glance
Byke – At a Glance Overview Statistics Mid Market Segment 17 Presence in fast growing mid market 2 1178 segment; ARR (FY19): ~Rs 3,880 Leased Owned Number of properties properties rooms Niche Pure Vegetarian Only pure vegetarian hotel chain in India 2 77 300+ New Venture No of Rooms under Network of
Slide 16: Business Segments
Business Segments Hotel (Owned & Leased) Management Contract Venture into national/international business opportunities Mid market focused hospitality brand with focus on without taking a huge risk of putting own capital at domestic tourism stake. 19 properties with 1178 rooms at tourist destination
Slide 17: Hotel Portfolio as on 31st May 2019
Hotel Portfolio as on 31stMay 2019 Number of Rooms and Properties 2 5 7 7 8 9 11 12 19 1178 874 797 677 519 465 465 385 102 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Number of leased & owned properties Investor Presentation FY19 16 16
Slide 18: Properties with Unique Selling Propositions
Properties with Unique Selling Propostions 1. Byke Riddhi Inn, Udaipur 11. Byke Neelkanth, Manali 12. Byke Grassfield, Heritage property renowned for its vegetarian thali. Only property to have valley view from all rooms Jaipur Located in the heart of 2. Byke Riveria, Jaipur the city, 5 kms from 13.
Slide 19: Key Strengths and Drivers
Key Strengths and Drivers Well placed to tap the increasing domestic discretionary spending • Domestic tourism continues to be over 80% of the total tourist expenditure in India • The rising purchasing power has aided the exponential growth of domestic tourism which is expected to continue to increa
Slide 20: Key Strengths and Drivers
Key Strengths and Drivers Asset light business model • Properties are taken on a long term lease of 15-20 years • Low capital requirement (only capex for rebranding and refurbishing) leading to break-even at low occupancy • Robust balance sheet with negligible debt, healthy return ratios (AROCE>25%)
Slide 21: Growth Strategy
Growth Strategy • Target properties with • Identified new states and multiple sources of revenue cities for expansion – places to host corporate • Cluster based approach – Geographical Increase in and social events target multiple tourist Event/F&B • Focus on marketing locations near to each other E
Slide 22: Financial Highlights
Financial Highlights
Slide 23: 5-year Consolidated Financial Highlights
5-year Consolidated Financial Highlights Revenue EBITDA PAT 2,310 360 687 1,814 622 317 1,660 1,774 526 1,468 259 373 200 237 51 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 EPS* (Rs.) EBITDA Margin (%) PAT Margin (%) 8.98 7.90 20 37 39 19 6.47 5 21 23 11 11 16 1.26 3 F
Slide 24: 5-year Consolidated Financial Highlights
5-year Consolidated Financial Highlights Return on Equity (%) Return on Capital Employed (%) Debt/Equity 23 23 0.11 0.11 22 21 34 34 0.1 30 26 0.07 0.04 3 4 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 Return on Equity = PAT / Average Net Worth; Return on Capital Employ
Slide 25: Contact Us
Contact Us The Byke Hospitality Limited Ankita Sharma Investors.care@thebyke.com 022-67079666 24