Eih Limited · NSE:EIHOTEL
Eih — Q4 FY2023 Earnings Presentation
36 slides from Eih's earnings presentation, May 23, 2023
Slide 1: Submission of presentation to investors/analysts
CIN:L55101WB1949PLC017981 CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM email: isdho@oberoigroup.com 23rd May 2023 The National Stock Exchange of India The BSE Limited Limited Corporate Relationship Dept. Exchange Plaza, 5th Floor 1st
Slide 2: EIH Limited Investors' Conference Call, Quarter ended March 2023
Classification | External EIH Limited Investors’ Conference Call Quarter ended March 2023 1
Slide 3: Indian Hospitality Industry Key Highlights – Q4FY23
Classification | External Indian Hospitality Industry Key Highlights – Q4FY23 • In February 2022, the Indian hotel industry recorded its best performance since the pandemic began, with occupancy of 70-72% and average rates exceeding Rs 8,200. • Domestic air traffic in India increased by 6.8% in Marc
Slide 4: Stellar Operational Performance
Stellar Operational Performance Classification | External Best Performing Q4 in the history of the Company 3
Slide 5: Q4 RevPAR: EIH breaks its own records several times over
Classification | External Q4 RevPAR: EIH breaks its own records several times over In Rs. Pre-Covid Performance Covid 1st wave Recovery after 1st Covid 2nd Recovery after Omicron Post Covid Performance 15,284 wave wave 2nd wave wave 13,332 14,289 12,805 10,473 8,773 8,850 9,196 9,987 7,493 6,506 6,7
Slide 6: Market Leading Operational Performance
Classification | External Market Leading Operational Performance RevPAR index of 127% achieved by hotels managed by EIH Limited in FY23, supported by an ARR index of 120% 1.9 1.7 Covid 1st wave Recovery after Covid 2nd Recovery after Omicron Covid 1st wave wave Covid 2nd wave wave 1.5 1.3 1.1 0.9 0.
Slide 7: Premium positioning also reflects in Awards & Accolades
Classification | External Premium positioning also reflects in Awards & Accolades We are proud to announce that EIH Limited and its iconic Our individual properties have also been recognized for properties have received numerous prestigious awards and their exceptional offerings and service. accolad
Slide 8: Premium positioning also reflects in Awards & Accolades
Classification | External Premium positioning also reflects in Awards & Accolades The Oberoi Udaivilās, Udaipur: The Oberoi Beach Resort, Al The Oberoi, Marrakech: Ranked 1st among the Top 5 Zorah (UAE): Named Best Resort in North Africa and Resorts in India. the Middle East. Voted Favourite B
Slide 9: Unprecedented Financial Achievements
Classification | External Unprecedented Financial Achievements
Slide 10: Company Performance – Q4FY23
Classification | External Company Performance – Q4FY23 Standalone and Consolidated
Slide 11: Remarkable Q4 Standalone and Consolidated Performance
Classification | External Remarkable Q4 Standalone and Consolidated Performance Standalone Consolidated Remarkable Outstanding growth in Significant increase Impressive rise in increase in Total EBITDA showcasing in total revenues consolidated EBITDA Revenues successful operational compared to the r
Slide 12: Financial Agility | Significantly enhanced operational efficiencies
Classification | External Financial Agility | Significantly enhanced operational efficiencies Vs. Q4FY19 -21% 2% 36% 11% -1% Increase (Q4FY23 vs. Q4FY19) 25% Total Revenue Increase (Q4FY23 vs. Q4FY19) Consumption Of Provisions, Wines & Others Power & Fuel Repairs & Maintenance Adminstrative & Other
Slide 13: Q4 ARR and Occupancy Performance at Domestic Hotels
Classification | External Q4 ARR and Occupancy Performance at Domestic Hotels (including managed) Monthly Occupancy 86% 78% 76% 75% 78% FY23 Quarterly Occupancy & ARR 71% FY22 59% FY20 90% 80% 20,000 38% 80% 18,000 31% 16,000 70% 62% 56% 14,000 60% 12,000 50% 17,963 Jan Feb Mar 13,607 11,438 10,000
Slide 14: RevPAR Growth
Classification | External Q4 (FY23 vs FY20) City wise RevPAR growth at Domestic Hotels (including managed) 106% 93% 84% 83% RevPAR Growth 80% 63% 55% 43% 40% 36% Delhi / NCR Bengaluru Kolkata Mumbai Udaipur Jaipur / Shimla / Chandigarh Agra Hyderabad Bhubaneswar / Ranthambore Chennai / Cochin 13
Slide 15: RevPar
Classification | External Q4 Occupancy and ARR performance at Domestic Hotels (including managed) Occ% | Q4 FY20 Occ% | Q4 FY22 Occ% | Q4 FY23 84% 90% 83% 81% 78% 80% 73% 68% 68% 66% 65% 70% 63% 59% 57% 57% 55% 60% 53% 51% 51% 49% 50% 40% 30% 20% 10% 0% Oberoi Metro Oberoi Leisure (Vilas) Trident Me
Slide 16: Q4 F&B Revenue
Classification | External Q4 F&B Revenue Domestic Hotels (incl. managed) Flight Catering & Airport Lounges Rs221.9Cr. 55% Rs 82 Cr. Rs143.3Cr. 100% Rs 41 Cr. OFS - OAS Revenue F&B Revenue Q4FY20 Q4FY23 Q4FY20 Q4FY23 Strong growth in Hotel F&B revenues Strong bounce back in OFS/OAS Revenues 15
Slide 17: Company Performance – Full Year FY23
Classification | External Company Performance – Full Year FY23 Standalone and Consolidated
Slide 18: Record-breaking full-year consolidated Revenue, EBITDA, and PAT in FY23
Classification | External Record-breaking full-year consolidated Revenue, EBITDA, and PAT in FY23 Standalone Consolidated 2,000 1,836 400 2,500 400 1,627 320 2,096 300 300 329 2,000 1,880 1,500 1,434 1,675 200 200 1,500 149 165 100 113 125 911 100 1,000 1,044 0 626 0 1,000 675 -100 473 547 500 406 4
Slide 19: Impressive Return on Capital Employed (ROCE)
Classification | External Impressive Return on Capital Employed (ROCE) 32% deployed in Oberoi Hotels 59% deployed in Domestic Hotel Rs 931 cr | ROCE – 45% Assets Rs 1,694 cr | ROCE - 35% 25% deployed in Trident Hotels Net Capital Employed* Rs 730 cr | ROCE – 22% Rs 2,867 cr | ROCE – 19% 3% deployed
Slide 20: Financial Resilience, Strength and Debt Management
Classification | External Financial Resilience, Strength and Debt Management Prudent financial management and debt reduction strategies 129 Mar 31, 2022 Jun 30, 2022 Sep 30, 2022 Dec 31, 2022 Mar 31, 2023 -61 Net Cash Positive -192 -217 -271 Figures in INR cr 19
Slide 21: QoQ and YoY Trends
Classification | External QoQ and YoY Trends
Slide 22: Room Revenue Trends | Strong tailwinds
Classification | External Room Revenue Trends | Strong tailwinds FY20 FY21 FY22 FY23 200 Cr 150 Cr Corporate 100 Cr Direct Leisure 50 Cr MICE 0 Cr Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 (50 Cr) Movement in Segment-wise Room Rev
Slide 23: Trend of Foreign Room Nights
Classification | External Trend of Foreign Room Nights 80% 70% 67% 65% 64% 60% 62% 59% 60% 61% 59% 60% 59% 57% 56% 56% 55% 54% 53% 54% 52% 54% 58% 53% 52% 53% 51% 51% 50% 49% 50% 46% 48% 46% 50% 49% 44% 45% 45% 48% 46% 41% 41% 42% 43% 44% 46% 45% 40% 42% 44% 40% 39% 39% 38% 34% 37% 35% 39% 39% 31% 3
Slide 24: Reducing our Carbon Footprint | Energy Conservation new initiatives
Classification | External Reducing our Carbon Footprint | Energy Conservation new initiatives Commissioning of Solar Plants The Oberoi • Solar Plants with a capacity of 3.0 MWp under operation Vanyavilas • Expected to generate 4.2 mn units p.a. thereby reducing the carbon footprint • 43% of electric
Slide 25: EIH Limited | Performance Highlights
Classification | External EIH Limited | Performance Highlights st Period ended 31 March 2023 24 24
Slide 26: Performance Highlights (Standalone)
Performance Highlights (Standalone) Classification | External STANDALONE P&L QTR 4 Figures in Rs Crores rounded to nearest first decimal FY23 FY22 Revenue from Operations 563.4 265.6 Other Income 23.5 13.4 TOTAL INCOME (A) 586.9 279.0 Consumption 48.7 38.6 Employee Benefits *(excluding third party c
Slide 27: Performance Highlights (Standalone)
Classification | External Performance Highlights (Standalone) Q-o-Q STANDALONE Financial Results for starting from Q4 FY20 to Q4 FY23 Revenue EBITDA PBT (before exceptional items) PAT TCI Rs. In crores Rs. In crores Rs. In crores Rs. In crores Rs. In crores 249 147 148 587 214 193 104 99 525 157 42
Slide 28: Performance Highlights (Consolidated)
Performance Highlights (Consolidated) Classification | External Consolidated P&L QTR 4 Figures in Rs Crores rounded to nearest first decimal FY23 (Actual) FY22 (L.Y.) Revenue from Operations 637.1 301.0 Other Income 26.8 15.9 TOTAL REVENUE (A) 663.9 316.9 Consumption 52.8 40.6 Employee Benefits*(exc
Slide 29: Performance Highlights (Consolidated)
Classification | External Performance Highlights (Consolidated) Q-o-Q CONSOLIDATED Financial Results for starting from Q4 FY20 to Q4 FY23 Revenue EBITDA PBT (before exceptional items) PAT TCI Rs. In crores 664 Rs. In crores Rs. In crores Rs. In crores Rs. In crores 149 603 226 231 201 196 157 92 95
Slide 30: Expansion Plans
Classification | External Expansion Plans Upcoming Projects
Slide 31: Upcoming Projects
Upcoming Projects Classification | External Announced FY23 and FY24 FY25 FY26 FY27 Recently Opened and Bay Club in Mumbai | Managed Opening Soon (Opened in November 2022) Restaurant in Mumbai | Leased (June 2023) Under Construction The Oberoi Rajgarh Palace | The Oberoi Kathmandu | Owned – 48 keys M
Slide 32: Business Footprint
Classification | External Business Footprint st Period ended 31 March 2023 31
Slide 33: Corporate Structure
Classification | External Corporate Structure EIH Limited Within EIH Mumtaz Hotels Mashobra Resort EIH International Ltd 13 Hotels + Luxury Cruiser EIH Associated Hotels Limited Limited Limited • The Oberoi Amarvilas • The Oberoi, New Delhi Hotel Business • Wildflower Hall, Shimla • The Oberoi Rajvi
Slide 34: 24 Hotels and Resorts, 3,750 keys in India
Classification | External Hotels in India 1,523 keys 2,172 keys under The Oberoi Brand under Trident Brand 24 Hotels and Resorts 3,750 keys in India Where the Guest is Everything. 33
Slide 35: Oberoi Hotels & Resorts around the world
Classification | External Oberoi Hotels & Resorts around the world The Oberoi Zahra, The Oberoi Beach Resort, Al Zohra 497 keys Luxury Nile Cruiser The Oberoi, Marrakech The Oberoi Beach Resort, Sahl Hasheesh, Egypt under The Oberoi Brand (excluding India) The Oberoi Beach Resort, Bali The Oberoi Be
Slide 36: Thank You
Classification | External THANK YOU