Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Investor Presentation (February 2025)
33 slides from Chalet Hotels's investor presentation, February 2025
Slide 1: Corporate Presentation
CHALET HOTELS LIMITED CORPORATE PRESENTATION 2024 CHALET HOTELS LIMITED CORPORATE PRESENTATION February 2025 NSE|BSE: CHALET
Slide 2: 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 3: K Raheja Corp – Group Overview
K Raheja Corp – Group Overview Over 6 Decades Pan India USD 5.3 Bn (4) of experience Market Capitalization presence of 3 listed entities Office Hospitality Malls Residential Retail Leasable Area c. 4,500+ keys (2) 7 malls Developed Operates 280 retail c. 59 msf(1) residential spaces stores across In
Slide 4: Chalet Overview
Chalet Overview Hotels Keys Brands Commercial Assets (msf) 10 4 3,052 1,175* 11# 2 2.4 0.9 Operational Pipeline Operational Pipeline In Existing assets In Pipeline assets Operational Pipeline Active Asset Management & Operating Model Growth From Quality Developments & Acquisitions ❑ New developments
Slide 5: Chalet: At the inflection point
Chalet : At the inflection point Focused on remaining at the forefront of growth Operating Efficiencies & Margins amongst best# ▪ Addition of 418 keys and 1.2 msf office space in the ▪ Improvement in Adjusted EBITDA margins from 41.3% in operating portfolio FY24 FY23 to 43.8% in FY24 ▪ Building up a
Slide 6: Overview – 9MFY25
Overview – 9MFY25 HIGHEST 9M ROBUST REVENUE : 20% SUSTAINABLE & PERFORMANCE OPERATIONAL METRICS EBITDA : 24% DIVERSIFIED GROWTH ✓ 6.5% expected GDP growth in FY261 ✓ Strong Pipeline & diversified portfolio Strong Resilient ✓ Demand to outpace supply* Business ✓ Resilient operational efficiency Macro
Slide 7: High-end hotels strategically located in CBDs of key metro cities & strong leisure locations
High-end hotels strategically located in CBDs of key metro cities & strong leisure locations 7
Slide 8: Hospitality: Existing Portfolio
Hospitality: Existing Portfolio 3,052 Keys 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 NATIONAL PUNE KHANDALA CAPITAL REGION Novotel Pune Nagar Road
Slide 9: Rental & Annuity: Existing Portfolio
Rental & Annuity: Existing Portfolio MUMBAI BENGALURU The Orb - Retail & Office Tower CIGNUS Powai® Tower I CIGNUS Whitefield Bengaluru® Complex 0.5 Mn Sq. ft. 0.9 Mn Sq. ft. 1 Mn Sq. ft. 9
Slide 10: Poised to Benefit from Industry Trends
Poised to Benefit from Industry Trends 10
Slide 11: Strong India story
Strong India story Governments emphasis on ‘Make in India’ & ‘Dekho Apna Desh’* 8.9% CAGR growth expected in per-capita income (FY 23 – FY29) India GDP Strong push on Toursim related infrastructure development Growth Rate 6.3% Hotel Sector’s GDP contribution to grow 25x to US$1 tn by 2047$ Expected
Slide 12: Tourism and Infrastructure growth to boost hospitality demand
Tourism and Infrastructure growth to boost hospitality demand Tourism on the rise Tourism showing a sustained growth Air Traffic Resurgence – 26% With Access Infrastructure Establishing presence in cities handling 56%* of above 2022 levels Improving India’s Air traffic Air Traffic (in Mn) Through Ne
Slide 13: Hospitality Sector in India is Significantly underpenetrated
Hospitality Sector in India is Significantly underpenetrated… Number of Hotel Keys per mn. sq. ft. Office Space (Dec 2023) 651 529 289 174 149 106 94 78 New York San Francisco London Pune Hyderabad Bangalore Mumbai NCR Source: Horwath HTL Data as on 31 Dec 2023 13
Slide 14: Long-term demand growth outpacing supply growth
…with Long-term demand growth outpacing supply growth Segmental Share of Supply (FY 23 – FY 27) Demand - Supply Growth (FY 23 – FY 27) 11.2% 9.5% 10.3% 7.2% 11.6% 5.3% Pan India 9.0% 6.0% Pune 2.5% 10.0% Bengaluru 5.9% 10.0% Delhi 4.6% 80% hotel inventory * of Chalet Hotels Hyderabad 8.0% ~87% hotel
Slide 15: Operating efficiencies
ai CHALET Operating efficiencies
Slide 16: Financial Highlights 9MFY25
Financial Highlights 9MFY25 YoY Growth % CONSOLIDATED HOSPITALITY ₹ 12,167 Mn 20% ₹ 10,611 Mn 17% Revenue ₹ 5,153 Mn ₹ 4,575 Mn 17% 24% EBITDA 1.4 43.1%* 10 42.4% bp pp EBITDA Margin *excluding ‘The Dukes Retreat’ which is under renovation ₹ 2,755 Mn 62% margins were at 44.1% PBT All adjustments det
Slide 17: Hospitality
Hospitality Revenue EBITDA In Rs. Mn. Q3FY24 2,054 1,134 3,434 Room Q3FY24 1,589 46.1% 17% 16% Q3FY25 2,489 1,229 4,005 F&B Q3FY25 1,847 46.3% 9MFY24 5,614 2,819 9,100 Other 9MFY24 3,910 43.0% 17% 17% 9MFY25 6,615 3,282 10,611 Total 9MFY25 4,575 43.1% Revenue Mix Guest Profile 9MFY25 5% 5% 33% 36% 1
Slide 18: Hospitality Performance
Hospitality Performance Same store* Portfolio level Q3FY25 Q3FY24 YoY% 9MFY25 9MFY24 YoY% YoY% ADR (Rs.) MMR 12,972 11,510 13% 13% 11,337 10,746 6% Others 12,912 10,235 26% 24% 11,248 9,694 16% Combined 12,944 10,974 18% 17% 11,296 10,298 10% Occupancy (%) MMR 74% 78% -4 pp -4 pp 76% 75% 1 pp Others
Slide 19: Hospitality: Retained Efficiencies
Hospitality: Retained Efficiencies Total expenses % of Revenue 57.0% 56.9% 9MFY24 9MFY25 Staff to room ratio* Utilities % of Revenue Payroll Costs % of Revenue 5.7% 5.4% ** 13.2% 13.9% 0.93 0.97 9MFY24 9MFY25 9MFY24 9MFY25 Q3FY24 Q3FY25 *Includes full time and fixed term contract employees; Number o
Slide 20: Rental & Annuity: Performance Highlights
Rental & Annuity: Performance Highlights (Rs. Mn.) Q3FY25 9MFY25 FY24 Msf. Total Revenue 577 1,351 1,241 EBITDA 455 1,042 988 2.4 2.4 EBITDA% 79% 77% 80% 1.6 33% 1.2 Artists’ rendering Sep'24 Dec'24 Leasable Area Leased Area Artists’ rendering CIGNUS Powai® Tower I CIGNUS Whitefield® Complex 0.9 Mn
Slide 21: Real-estate Development in Bengaluru
Real-estate Development in Bengaluru No. of Avg Sale Price As of December 2024 (Msf) Units (Rs. psf) Residential (1+2+3) 0.86 321 1 Historical sales 0.28 83 ~7,700 2 New Sales (A+B+C) 0.41 188 ~19,900 A Sold in FY24 0.29 121 ~18,800 B Q1FY25 0.04 17 ~21,500 C Q2FY25 0.07 32 ~21,800 D Q3FY25 0.05 18
Slide 22: Profit & Loss Statement
Profit & Loss Statement Particulars (in Rs. Mn) Q3FY25 Q3FY24 YoY% 9MFY25 9MFY24 YoY% FY24 Total Income 4,645 3,799 22% 12,167 10,126 20% 14,370 Total Expenditure 2,531 2,077 22% 7,014 5,973 17% 8,327 EBITDA 2,114 1,722 23% 5,153 4,1541 24% 6,044 Margin % 45.51% 45.32% 42.35% 41.02% 42.06% Depreciat
Slide 23: Leverage Position
Leverage Position in Rs. Mn Dec- 24 Mar-24 Mar-23 Mar-19 Mar-18 Allocable to operating assets 8,099 11,486 11,768 13,572 23,323 Allocable to under-construction/to be ~7,700 ~13,600 ~12,600 ~900 ~3,700 operationalized assets Capital productivity Net Debt 15,799# 25,086 24,368 14,472 27,023 Optimal le
Slide 24: Focused on ramping-up in-house capabilities in hotel management
Focused on ramping-up in-house capabilities in hotel management • Pipeline : Hyatt Regency at Airoli and Taj at Delhi • Apart from traditional asset management, Chalet International Airport will be under franchising has also been focused on building capabilities model Adding the and talent pool for
Slide 25: Led by an Experienced Board
Led by an Experienced Board Mr. Hetal Gandhi Mr. Arthur De Haast Chairman & Independent Director Independent Director Co-Founder & MD Tano India Advisors Pvt. Ltd. Chairman of JLLs Global Capital Markets Advisory Council Mr. Joseph Conrad D’Souza Ms. Radhika Piramal Independent Director Independent
Slide 26: Our Sustainability Story
Our Sustainability Story DJSI SCORE ENERGY MANAGEMENT WATER & WASTE MANAGEMENT E Mobility Corporate Sustainability Assessment Wet waste treated through 100% 57 61% organic waste composters Placed 8th in the world Renewable energy Operational assets have EV charging Recycling of wastewater among cate
Slide 27: Climate Change Actions
Climate Change Actions Initiative RE100 (Renewable Energy): EP100 (Energy Productivity): EV100 (Electric Vehicles): Move to 100% renewable Double energy productivity Move entire fleet to EVs for energy by 2030 (revenue per unit of electricity guest transportation by 2025 consumed) by 2028 The Compan
Slide 28: Chalet's Pipeline: Growth From Quality Development & Acquisitions
Chalet’s Pipeline : Growth From Quality Development & Acquisitions leading to Value Creation 28
Slide 29: Hospitality Pipeline
Hospitality Pipeline 4,227 Keys 4,087 Keys ~1,175 3,917 Keys rooms 3,247 Keys 3,052 Keys FY24 FY25 FY27 FY28 + 195 Keys + 665 Keys + 170 Keys +150 Keys ~125 - 130 Keys ~385-390 Keys Upper-upscale hotel in New Hotel at Bengaluru Marriott Hotel ‘Taj’ at Terminal 3, Delhi Varca, Goa Trivandrum, Whitefi
Slide 30: Rental/Annuity: Growth and Announced pipeline
Rental/Annuity: Growth and Announced pipeline 3.3 msf 37% 2.4 msf 1.2 msf Mar’23 FY24 FY27 0.9 msf 0.9 msf CIGNUS Powai® Tower I CIGNUS Powai® Tower II 0.3 msf CIGNUS Whitefield Bangalore® Tower II Focus on maximizing development potential and creating an additional diversified revenue stream 30
Slide 31: Profit & Loss Statement – 5 Year trend
Profit & Loss Statement – 5 Year trend Particulars (Consolidated) (in Rs. Mn) FY24 FY23 FY22 FY21 FY20 FY19 ADR 10,718 9,169 4,576 4,040 8,482 8,210 Occupancy 73% 72% 51% 30% 71% 77% RevPAR 7,776 6,605 2,355 1,214 6,022 6,283 Total Income 14,370 11,780 5,297 3,075 10,087 10,348 Total Expenditure 8,3
Slide 32: Balance Sheet – 5 Year trend
Balance Sheet – 5 Year trend Particulars (in Rs. Mn) FY24 FY23 FY22 FY21 FY20 FY19 Inventory Hotels 10 8 7 7 7 6 Rooms 3,052 2,634 2,554 2,554 2,554 2,311 Capital Employed 38,368 38,531 35,821 32,276 32,816 28,348 Investments# 6,596 5,985 3,489 1,433 3,277 656 Net Worth 18,509 15,415 13,410 14,329 1
Slide 33: 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 Abhyjeet Bhansali abhyjeet.bhansali@chalethotels.com investorrelations@chalethotels.com
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