Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Antique Stock Broking 9th Flagship Investor Conference - Build India 2024
27 slides from Chalet Hotels's conference presentation, Feb 14, 2024
Slide 1: Intimation of Investor Conference
February 14, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir / Madam, Sub: Int
Slide 2: Chalet Hotels Limited Corporate Presentation
CHALET HOTELS LIMITED CORPORATE PRESENTATION February 2024 NSE|BSE: CHALET
Slide 3: Chalet Overview
Chalet Overview 9 2,894 10 2 1.2 Commercial Hotels Keys Brands Mn Sq.ft. Assets WHO WE ARE FY23 Total Income: Rs. 11,780 Mn ▪ Part of India's leading real estate group 'K Raheja Corp’, pioneer in business parks, malls, multi-brand retail ▪ Owner, developer, asset manager, and operator of high-end ho
Slide 4: Strong India story
Strong India story High focus on ‘Make in India’ 1.04 bn (69%) working age population by 2030 India GDP CPI <6% over 2023-2024 as per RBI Growth Rate 6.6-7% EY predicts India to be US$30 tn by 2048 over FY24-27 Strong push on infrastructure develpment Relatively stable policy environment Source: S&P
Slide 5: Strong hospitality tailwinds
Strong hospitality tailwinds Strong Demand Economic factors driven by strong tail-winds and concerted government efforts Post covid demand mainly International travel recently driven by domestic travel caught up to pre-covid Decade High Muted Supply Performance All Sector KPI’s in 2023* 70,000 keys
Slide 6: Hospitality: Existing Portfolio
Hospitality: Existing Portfolio MUMBAI JW Marriott Mumbai Sahar The Westin Mumbai Powai Lake Lakeside Chalet, Mumbai - Four Points By Sheraton Navi 588 Keys 604 Keys Marriott Executive Apartments Mumbai, Vashi 173 Keys 152 Keys PUNE LONAVALA Novotel Pune Nagar Road The Dukes Retreat, Lonavala - 80 K
Slide 7: Rental/Annuity: Existing Portfolio
Rental/Annuity: Existing Portfolio MUMBAI BENGALURU The Orb - Retail & Office Tower CIGNUS Powai® Tower I CIGNUS Whitefield Bangalore® Tower I 0.5 Mn Sq. ft. 0.9 Mn Sq. ft. 0.7 Mn Sq. ft. Leasing commenced, CIGNUS Whitefield Bangalore® Tower II 0.3 msf handover soon to start 6
Slide 8: Driving Performance at The Core
Driving Performance at The Core Strategic Location Development Industry Leading Diversification Selection Efficiency Financial & Operational Performance ▪ Concentrated in prime locations ▪ Return focused investments ▪ Driving operational excellence ▪ Mixed-Use Developments in Major Cities Prioritizi
Slide 9: Led by a Strong Board
Led by a Strong Board Mr. Hetal Gandhi Mr. Arthur De Haast Chairman & Independent Director Independent Director Mr. Joseph Conrad D’Souza Ms. Radhika Piramal Independent Director Independent Director Mr. Ravi C. Raheja Mr. Neel C. Raheja Promoter & Non- Executive Director Promoter & Non- Executive D
Slide 10: Hospitality: Announced pipeline
Hospitality: Announced pipeline 3,764 Keys 3,484 Keys ~870 3,094 Keys rooms 2,894 Keys Dec’23 FY25 FY26 FY27 + 200 Keys + 390 Keys + 280 Keys ~130 Keys ‘Taj’ at Terminal 3, Delhi ‘Hyatt Regency’ at Airoli, Bengaluru Marriott Hotel Airport Mumbai Whitefield ~70 Keys The Dukes Retreat 9
Slide 11: Rental/Annuity: Announced pipeline
Rental/Annuity: Announced pipeline Strategic Risk Hedge 3.2 msf 2.4 msf ~2.7 x 1.2 msf Dec’23 FY24 FY27 1.2 msf 0.8 msf CIGNUS Powai® Tower II 0.9 msf CIGNUS Powai® Tower I 0.3 msf CIGNUS Whitefield Bangalore® Tower II 10
Slide 12: Real-estate Development in Bengaluru
Real-estate Development in Bengaluru As of Dec’23 (Msf) No. of Units Residential (A+B) 0.85 321 Sold in FY24 0.11 42 Total sales till date (A) 0.39 125 Unsold (B) 0.46 196 Commercial 0.15 9 2 Rs 3,750 mn 1 Residential Towers New Residential Pending cost of Commercial Tower close to completion Towers
Slide 13: Our Success story
Our Success story ENERGY MANAGEMENT WATER & WASTE MANAGEMENT E Mobility GREEN BUILDINGS 100% 4 USGBC LEED Gold 65% Wet waste treated through Operational assets have EV charging certified properties Organic Waste Composters Renewable energy stations^ Recycling of wastewater The Westin Hyderabad YTD F
Slide 14: Climate Change Actions
Climate Change Actions First hospitality company globally to sign up for all the three initiatives of The Climate Group The Company sourced 78% of its The Company is strategically 7 of our operational assets are electricity from renewable sources in investing in technology and IoT- equipped with EV
Slide 15: Profit & Loss Statement – 5 Year trend
Profit & Loss Statement – 5 Year trend Particulars (Consolidated) (in Rs. Mn) FY19 FY20 FY21 FY22 FY23 9MFY24 ADR 8,210 8,482 4,040 4,576 9,169 10,298 Occupancy 77% 71% 30% 51% 72% 71% RevPAR 6,283 6,022 1,214 2,355 6,605 7,357 Total Income 10,348 10,087 3,075 5,297 11,780 10,126 Total Expenditure 6
Slide 16: Highlights
Highlights Particulars (in Rs. Mn) FY19 FY20 FY21 FY22 FY23 Dec 2023 Inventory Hotels 6 7 7 7 8 9 Rooms 2,311 2,554 2,554 2,554 2,634 2,894 Capital Employed 28,348 32,816 32,276 35,821 38,531 40,769* Investments# 656 3,277 1,433 3,489 5,985 3,000 Net Worth 14,469 15,492 14,329 13,410 15,415 16,898*
Slide 17: Leverage Position
Leverage Position in Rs. Mn Mar-18 Mar-19 Mar-22 Mar-23 Dec-23 Allocable to operating assets 23,339 13,581 14,147 11,757 12,432 Allocable to under-construction/to be operationalized assets 3,684 891 8,191 12,611 11,622 Net Debt 27,023 14,472 22,338 24,368 24,054 EBITDA from continued operations (YTD
Slide 18: Q3FY24 Operational Highlights
Q3FY24 OPERATIONAL HIGHLIGHTS
Slide 19: Q3 Strong trajectory
Q3 Strong trajectory Touching New Key Metrics Highs Remain Strong Superior Returns Highest Ever RevPAR Rs. 7,838, up Hospitality EBITDA Consolidated Revenue by 18% YoY Margin at at Rs 3,799 Mn 46.3% up by 5 pp YoY Hospitality Revenue up Highest Ever by 29% YoY Consolidated EBITDA Consolidated EBITDA
Slide 20: Consolidated Performance Highlights
Consolidated Performance Highlights Highest quarterly Revenue and EBITDA In Rs. Mn. REVENUE ADJUSTED EBITDA PAT 18% 44% 3x 3,799 1,722 1,024 1,302 1,193 706 3,218 3,182 364 Q3FY23 Q2FY24 Q3FY24 Q3FY23* Q2FY24^ Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 includes Rs 263 mn one time gain and Rs 605 mn exceptio
Slide 21: Hospitality: Performance Highlights
Hospitality: Performance Highlights In Rs. Mn. Revenue ADR (in Rs.) Room Q3FY23 1,560 894 2,654 8% F&B 10,168 10,974 11,253 9,610 Other Same Q2FY24 Store 1,813 822 2,844 11% Total Q3FY24 2,054 1,135 3,434 27% Q3FY23 Q2FY24 Q3FY24 Q3FY24 Adjusted EBITDA RevPAR (in Rs.) 46% 18% Q2FY23 1,085 6,640 7,03
Slide 22: Hospitality: City-wise Performance
Hospitality: City-wise Performance Q3FY24 Q3FY23 YoY% 9MFY24 9MFY23 YoY% FY23 ADR (Rs.) MMR 11,510 11,037 4% 10,746 8,972 20% 9,741 Others* 10,235 8,817 16% 9,694 7,632 27% 8,170 Combined 10,974 10,168 8% 10,298 8,444 22% 9,169 Occupancy (%) MMR 78% 67% 11 pp 75% 73% 2 pp 74% Others* 64% 63% 1 pp 67
Slide 23: Hospitality: Enhanced Efficiencies
Hospitality: Enhanced Efficiencies Total expenses % of Revenue 63% 59% Best Q3 EBITDA 54% margin at 46.3% FY20 Q3FY23 Q3FY24 Staff to room ratio* Utilities % of Revenue Payroll Costs % of Revenue 1.18 14.9% 6.9% 0.93 0.93 12.4% 12.2% 5.6% 4.8% Dec-19 Mar-23 Dec-23 FY20 Q3FY23 Q3FY24 FY20 Q3FY23 Q3FY
Slide 24: Rental/Annuity: Performance Highlights
Rental/Annuity: Performance Highlights Msf. (Rs. Mn.) Q3FY24 9MFY24 9MFY23 Total Revenue 301 887 719 1.2 EBITDA 251 715 578 0.8 EBITDA% 83% 81% 80% 0.5 0.5 Coming Soon: FY23 Q3FY24* CIGNUS Powai® Tower I - 0.9 msf (0.04 msf leased in Q3FY24) Leasable Area Leased Area CIGNUS Whitefield Bangalore® Tow
Slide 25: Pipeline right on track
Pipeline right on track New Rooms/ Leasable area Location Completion update The Dukes Retreat Rennovatin & Expansion ~70 New Lonavala Q3 FY25 Existing rooms – 80 Bengaluru Marriott Hotel Whitefield Expansion ~130 rooms Bengaluru Q4 FY25 Existing rooms – 391 Taj at Delhi International Airport ~390 ro
Slide 26: Safe Harbor
Safe Harbor This release has been prepared by Chalet Hotels Limited (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
Slide 27: Thank You
Chalet Hotels Limited Thank You Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 Investor Relations Contact: Ruchi Rudra ruchi.rudra@chalethotels.com Shuchi Aggarwal Shuchi.aggarwal@chalethotels.com investorrelations@chalethotels.com
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