Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — FY2019 Earnings Presentation
24 slides from Chalet Hotels's earnings presentation, May 10, 2019
Slide 1: Chalet Hotels cover letter to exchanges
HOTELS May 10, 2019 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex 14st Floor, New Trading Ring, Bandra (East) Dalal Street, Fort Mumbai 400 051 Mumbai - 400 001 Scrip Code: CHALET Scrip Code: 542399 ISIN No: INE427F01016 IS
Slide 2: Presentation May 2019
Presentation May 2019 1
Slide 3: What Defines Us
What Defines Us Pedigree K Raheja Corp Limited Leading real estate developer in India for over 6 Decades Proficiency Right Assets Right Location Right Partnership Right Team Performance Robust Operating Performance 2
Slide 4: The Opportunity
The Opportunity India Wise Hotel Market Performance Demand exceeding supply growth 7.0% 6.8% Supply is anticipated to grow by 4.0% and demand by 7.0% for 2019 3.7% 3.5% 2017 Demand Defining the India Supply2018 Opportunity Along with high occupancy 8000 66% 70% 64% 61% India –wide Performance 2018 6
Slide 5: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Located in INR 10,348 Mn INR 3,668 Mn High Density / 35.5% About the Company Business Districts Hospitality the leading Mumbai, Bengaluru, Total Income – FY2019 EBITDA and EBITDA Hyderabad Margin – FY2019 business driver Others Commercial 8% and Retail
Slide 6: Our Hotels Portfolio
Our Hotels Portfolio JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (427 Keys) (588 Keys) (391 Keys) Strategically Chosen Brands at Key Locations Leading to Market Leadership Four Points by Sheraton Navi Renaissance Mumbai Convention Centre Hotel (600 Key
Slide 7: Portfolio of High-End, Globally Recognized, Branded Hotels
Portfolio of High-End, Globally Recognized, Branded Hotels 588 Top tier 600 173 5 star 2,179 Deluxe Luxury Keys 152 * Luxury – Upper Upscale Mumbai Hyderabad 152 4–5 Bengaluru Keys star Upscale 3-4 Upper-Midscale star 2-3 391 427 Midscale-Economy star * Under Franchise Agreement, Leasehold Land 6
Slide 8: Awards FY18-19
Awards FY18-19 2018 Luxury Airport Hotel Best MICE Hotel – J W Marriott, Mumbai Sahar – Renaissance Mumbai Outstanding World-Class Wine List – Romano’s, J W Marriott Mumbai Sahar – Fratelli Fresh, Renaissance Mumbai Offering the best Wine Experience – Romano’s, J W Marriott Mumbai Sahar PR Person of
Slide 9: 65% of Current Inventory in the Financial Capital of India
65% of Current Inventory in the Financial Capital of India Located in Central Business District and New Business Centers of Mumbai Metropolitan Region Favorable Demand/Supply Current Inventory Proposed Pipe-line Dynamics (1,513 Keys) Inventory (~410 keys) + 1 Infrastructure Opportunities augurs well
Slide 10: Strategically placed in Business Cities
Strategically placed in Business Cities Located in New Business Centers Bengaluru Hyderabad Current Inventory 391 427 Mindspace Whitefield ~170 Proposed Pipe-line Inventory 1 Ongoing Infrastructure Developments in the Micro Markets Bengaluru Hyderabad • Metro Line • Metro Line • Improved road infras
Slide 11: Business Model Built Upon Principles of Active Asset Management
Business Model Built Upon Principles of Active Asset Management ✓ Market Leading Operating Parameters Actively engage with hotel management team at each hotel to set operational and financial targets Employee Cost as a % of ✓ 14% Revenue (FY19) Drive performance through structured monthly review Sta
Slide 12: 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 Commercial, Office and Retail (0.9 Mn sqft) Inorbit Mall Whitefield, Bengaluru Whitefield, Bengaluru 260K sq ft of R
Slide 13: Proposed Development Pipeline in Key Business Districts
Proposed Development Pipeline in Key Business Districts Hotel and Convention Center Hotel Commercial Location Renaissance Complex, Powai Airoli, Navi Mumbai Renaissance Complex, Powai Proposed Brand ‘W’3 Hyatt Regency 4 - Est. opening 20211 20211 20211 Keys / Total Build Up Area ~150 Keys & ~40k Sqf
Slide 14: Business Update
Business Update 13
Slide 15: Consolidated FY19 Performance
Consolidated FY19 Performance Revenue EBITDA Margin % PBT (In Rs. Mn) 22% 22% 10,348 3,668 8,513 35.5% 3,005 (183) 35.3% (1,448) FY18 FY19 FY18 FY19* FY18 FY19 FY18 FY19 * Includes impact of Rs. 199 Mn impact of Exchange Loss
Slide 16: Hospitality Segment City-wise performance
Hospitality Segment City-wise performance FY19 Segment Revenue Rs 9,137 Mn Q4FY19 FY19 FY18 YoY % ADR (Rs.) Hyderabad MMR 8,690 8,086 7,629 6% 18% Bengaluru 9,435 8,756 8,620 2% Bangaluru Hyderabad 8,883 8,205 7,896 4% 17% Combined 8,852 8,218 7,840 5% MMR 65% Occupancy % MMR 83% 76% 73% 300 Bps Ben
Slide 17: Hospitality Segment Performance
Hospitality Segment Performance Revenue Margin %* Segment Profit* Revenue Break-up FY19 9% Others 9,137 5% 40.5% 9% 3,566 39.0% 3,401 F&B 8,395 33% Room 58% FY18 FY19 FY18 FY19** FY18 FY19 * Segment Profit before Interest Depreciation and Tax ** Includes impact of Rs. 154 Mn impact of Exchange Loss
Slide 18: Retail & Office Space
Retail & Office Space Revenue Segment Profit* Margin %* 62% 32% Updates: 93 391 29.3% 70 241 23.9% • Sahar Commercial • Fit-outs in process • The Orb - Sahar Retail FY18 FY19 FY18 FY19 FY18 FY19 • 70% leased out • 7 Outlets open as of April 2019 • Formal Launch in Q1FY20 The Orb at Sahar • Inorbit M
Slide 19: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement Rs. Mn Particulars Q4FY19 FY19 FY18 YoY% Total Income 2,771 10,348 8,513 22% EBITDA 1,044 3,668 3,005 22% Margin % 37.7% 35.5% 35.3% Depreciation and Amortisation 295 1,154 1,116 3% Finance costs 561 2,657 2,119 25% Exceptional items 1 15 41 1,218 (Loss)/Profit b
Slide 20: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Rs in Mns Particulars March 31, 2019 March 31, 2018 Fixed Assets 20,492 21,211 Capital Work in-progress 342 218 Investment Property 6,810 6,737 Other non current assets 1,961 1,937 Total Non-current Assets 29,605 30,103 Net Working Capital (15) 2,643 Other Curren
Slide 21: Consolidated Borrowing Position
Consolidated Borrowing Position Rs. Mns 22,173 13,035 4,920 1,907 ECB Loans Rupee Loan March 31, 2018 Particulars March 31, 2019 5.5 Total Debt / Equity 1.0 9.0 Total Debt / EBITDA 4.1 20
Slide 22: Use of IPO Proceeds
Use of IPO Proceeds Details of the Fresh Issue Object of the Utilisation Unutilised Particulars issue as per the upto 31 amounts as at IPO – Jan 2019 prospectus March 2019 31 March 2019 • The Issue comprised of a Fresh Gross Proceeds of the Offer 9,500 9,500 Issue of 33,928,571 Equity Shares (Less)
Slide 23: 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 24: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Phone: 022 2656 4000 /4332 Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 23