Indian Hotels Co. Ltd. · NSE:INDHOTEL
Indian Hotels — The Indian Hotels Company — Q3 FY2009 Earnings Presentation
26 slides from Indian Hotels's earnings presentation, Jan 29, 2009
Slide 1: The Indian Hotels Company Limited Analyst Meet
The Indian Hotels Company Limited Analyst Meet Results for Nine months ended December 31, 2008 January 29, 2009 1
Slide 2: Disclaimer
Disclaimer These presentations contain forward-looking statements within the meaning of applicable securities laws. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements Forward-looking statements are not guaran
Slide 3: Outline of Presentation
Outline of Presentation Status of Taj Mahal Palace & Tower, Mumbai Business Environment New Inventory Financial Performance – Nine Months ending December, 2008 International Operations Treasury Key Initiatives 3
Slide 4: Status of Taj Mahal Palace & Tower, Mumbai
Status of Taj Mahal Palace & Tower, Mumbai 4
Slide 5: Quote on resilience of the Taj Mahal Palace
“| HAVE HELD MY GROUND AS HUMAN HISTORY HAS UNFOLDED IN ITS TIMELESS PROCESSION OF LAUGHTER AND TEARS, COURAGE AND COWARDICE, GOOD AND EVIL. I WILL PREVAIL.’
Slide 6: Taj Mahal Palace & Tower, Mumbai
Taj Mahal Palace & Tower, Mumbai • Rooms at Tower wing of TMPT reopened on December 21, 2008. • Masala Kraft, Souk, Shamiana, Zodiac Grill, Starboard and Rendezvous operational. • Crystal room to re-open on February 1, 2009. Other Banquet Halls in Heritage wing to re-open by end of February, 2009. •
Slide 7: Business Environment
Hotels Resorts and Palaces Business Environment
Slide 8: Business Environment
Business Environment Foreign Tourist arrivals at 5.37 million in 2008 (PY 5.08 million), a growth of 6%. Positive growth in RevPAR up to November,2008, supported by growth in ARRs and thus the sector outperformed expectations up to November 25, 2008. Cancelation / Deferment of several new projects b
Slide 9: New Inventory
Hotels Resorts and Palaces New Inventory
Slide 10: Hotels Launched in 2008/09
Hotels Launched in 2008/09 IHCL VIVANTA by Taj , Bangalore 199 rooms Taj Group Taj Mount Road, Chennai Taj GVK Ltd 215 rooms Ginger Hotels – 5 cities Roots Corporation Ltd 500 rooms Management Contract Gateway, Vijayawada 108 rooms Taj Tashi, Thimpu 66 rooms Taj Residency, Trivandrum 134 rooms New r
Slide 11: Forthcoming Supply
Forthcoming Supply IHCL Taj Lands End Expansion, Mumbai 120 rooms Taj Group Nadesar Palace, Varanasi Benares Hotels Ltd 10 rooms Fisherman’s Cove Expansion Oriental Hotels Ltd 64 rooms Ginger Hotels – 2 cities Roots Corporation Ltd 200 rooms Management Contract Taj Residency, Panjim 164 rooms New ro
Slide 12: New Projects in the Pipeline – 2009/10
New Projects in the Pipeline – 2009/10 IHCL Taj Residency, Bangalore 330 rooms Taj Falaknuma Palace, Hyderabad 60 rooms Taj Surya, Coimbatore 184 rooms Taj Group Ginger hotels – 6 cities Roots Corporation Ltd 600 rooms Taj Palace, Cape Town Taj International SA 177 rooms Management Contract Gateway,
Slide 13: VIVANTA by Taj, Bangalore
VIVANTA by Taj, Bangalore
Slide 14: Taj Mount Road, Chennai
Taj Mount Road, Chennai SSS a a : u's \\\ \ eye We NF ai LS 2 = be . - a] Sz k ‘ - 7 R ; oy ae capa | bais
Slide 15: Taj Residency, Trivandrum
Taj Residency, Trivandrum
Slide 16: Financial Results – Nine Months ending December, 2008
Financial Results – Nine Months ending December, 2008 16
Slide 17: Financial Results – Nine Months 2008/09
Financial Results – Nine Months 2008/09 Rs. Crores 2008/09 2007/08 % Change Net Sales/Income from Operations 1038.42 1063.05 (2) Other Operating Income 162.93 143.83 13 Total Income 1201.35 1206.88 - a. Consumption of Raw Materials 89.42 90.89 (2) b. Staff Costs 274.61 222.68 23 c. License Fees 71.5
Slide 18: December Operations
December Operations Occupancy ARR RevPAR (%) (Rs) (Rs) 2008/09 2007/08 2008/09 2007/08 2008/09 2007/08 April to 67 70 10474 9548 7062 6686 November December 50 74 10617 12554 5270 9352 April to 65 71 10487 9907 6854 6987 December • 5% growth in REvPAR witnessed for the period April to November • Imp
Slide 19: Key Issues
Key Issues Other Operating Income Includes estimated insurance claims accrued on account of Business Interruption for Taj Mahal Palace & Tower, Mumbai prorated to End December, 2008. Other Non operating Income Includes dividends received on investment of surplus cash in Mutual Funds. Staff Cost Norm
Slide 20: International Operations
International Operations 20
Slide 21: International Operations
International Operations USA – The Pierre’s renovation underway with substantial areas completed. – The Hotel will re-open on June 1, 2009. – Concerns over US downturn and its impact on our portfolio in the US. Investment in OEH – For the moment, the investment continues to be funded by Off-shore De
Slide 22: Treasury
Hotels Resorts and Palaces Treasury 22
Slide 23: Treasury
Treasury Current Standalone Debt to Equity is 0.61. Around Rs 800 crores of liquidity in IHCL at the moment. Had raised Rs 300 crores through the issuance of 11.80% privately placed Non Convertible Debentures. 23
Slide 24: Key Initiatives
Hotels Resorts and Palaces Key Initiatives 24
Slide 25: Key Initiatives
Key Initiatives Margin protection through : – Improved Operating efficiencies. – Reduction in Operating costs. – Staff costs / Redeployment of Trained Manpower to incoming new supply. Capital Expenditure : – Current freeze on uncommitted new projects. – Freeze on Routine CAPEX. – And conversely, acc
Slide 26: Thank you
Hotels Re and P: Thank you
The Indian Hotels Company — Q3 FY2009 Earnings Presentation on 6ix