Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Q2 FY2027 Earnings Presentation
53 slides from Samhi Hotels's earnings presentation, November 2026
Slide 1: Investor Presentation Q2 FY2027
www.samhi.co.in Investor Presentation Q2 FY2027 SAMHI Hotels Ltd Westin & Fairfield by Marriott, Navi Mumbai Architectural renders, actual may vary
Slide 2: Important notes on the presentation format
www.samhi.co.in Important notes on the presentation format • Excel data file containing all supporting information captured in this presentation is available on our website at https://samhi.co.in/investor- relations/ • All operating performance metrics are presented on a same-store basis (and highli
Slide 3: Message from the CEO
www.samhi.co.in Message from the CEO Strong Operating Environment We are pleased to report our performance for the quarter. Occupancy held close to 80% and RevPAR grew by about 14% on a same-store basis, making this a reassuring period for the business. Revenue growth remained ahead of our long-term
Slide 4: Building one of India's most diversified multi-branded hotel companies
www.samhi.co.in Building one of India’s most well diversified, multi-branded hotel company with an established base of 31 business hotels, a strong pipeline of 7 big-box hotels in some of India’s key business districts and an exciting leisure hotel platform with ~70 hotels in some of the most except
Slide 5: Our Business, Core Strategy, Embedded Growth
www.samhi.co.in Our Business ▪ A firm believer and investor in the Urbanization story of India, we own hotels in some of the most-dense office markets and ones with strong growth in aviation. Core Strategy ▪ We have a track-record for acquisition and turn-around led growth; keeps us protected from p
Slide 6: SAMHI has delivered consistent growth
www.samhi.co.in SAMHI has delivered 12,790 consistent growth 11,3861 9,787 Consol Revenue 7,615 22% CAGR (10 yrs.) 2 6,276 Consol EBITDA 4,901 4,721 pre ESOP 4,202 3,572 3,331 38% CAGR (10 yrs.) 2 1,721 1,793 732 434 203 10 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 N
Slide 7: We are adding iconic assets to key markets in India
www.samhi.co.in We are adding iconic assets to key markets in India & to our portfolio W, HITEC City, Hyderabad Westin, Whitefield, Bangalore Mid-scale Hotel, Financial District, 170 rooms 220 rooms Hyderabad Opening Q2 FY28 Opening FY30 260 rooms, Opening FY30 Marriott, Sriperumbudur, Chennai Upper
Slide 8: We support India's most respected platform for leisure hotels
www.samhi.co.in We support India’s most respected platform for leisure hotels ▪ With a small investment in RARE, we access India’s most distinctive and respected platforms in the experience led leisure space ▪ Asset-light, highly scalable and unique ▪ Planned partnership with Marriott will unlock ph
Slide 9: Future will be a lot more than sum of parts
www.samhi.co.in Future will be a lot more than sum of parts FY2026 FY2027 – FY2032 Revenue # Rooms Revenue Secured Pipeline # Rooms % Change per Key Upper Upscale & • +1,059 rooms new openings 1,123 ₹5,270mn ₹4.7mn 2,655 +136% Upscale • +473 rooms conversion from Upper Mid-scale1 • +350 rooms new op
Slide 10: Financial Highlights
www.samhi.co.in Financial Highlights Quarter ending 30th September, FY2027 Westin, Whitefield, Bangalore Architectural renders, actual may vary
Slide 11: Highlights for the quarter
www.samhi.co.in Highlights for the quarter ▪ Strong same-store revenue growth of +12.6% YoY – ahead of our long-term guidance of 9 to 11% ▪ Occupancy level at 78.6% (up from 75.0% Q2-FY26) ▪ RevPAR growth of +14.3% YoY led by +9.2% ARR growth ▪ Flowthrough of incremental EBITDA1 to incremental Reven
Slide 12: Financial summary – Q2 FY2027
www.samhi.co.in Financial summary – Q2 FY2027 Same-store RevPAR Total Income Consol. EBITDA PBT (ex-exceptional items) ₹5,746 ₹3,427mn ₹1,238mn ₹534mn +14.3% YoY +21.3% YoY Comparable2 78.6%1 Occupancy +15.6% YoY Reported +12.0% YoY Reported +39.9% YoY Reported PAT Free Cash Flow Effective Interest
Slide 13: H1 FY 2027
www.samhi.co.in H1 FY 2027 Q2 FY27 H1 FY27 % chg. YoY basis % chg. YoY basis Revenue growth in line with our long- Total Income ₹3,427mn ₹6,510mn term guidance +15.6%YoY Reported +11.5%YoY Reported ₹1,238mn ₹2,251mn Healthy operating flow-through Consol. EBITDA +21.3% YoY Comparable1 +17.0% YoY Comp
Slide 14: Hits & Misses: Q2 FY2027
www.samhi.co.in Hits & Misses: Q2 FY2027 Hits Misses & headwinds ▪ Revenue growth in line with guidance ▪ Headwinds in aviation sector 12.6%1 same store growth in revenues with 78.6%1 portfolio occupancy demonstrating Air passenger travel de-grew by ~4% overall and by 10-13% in cities resilience of
Slide 15: Financial Summary
www.samhi.co.in Q2FY27 Q2FY26 YoY % H1FY27 H1FY26 YoY % FY26 Financial Total Income 3,427 2,963 +15.6% 6,510 5,8361 +11.5% 12,790 Consolidated EBITDA2 Summary EBITDA Margin 1,238 36.1% 1,105 37.3% +12.0% 2,251 34.6% 2,161 37.0% +4.2% 4,626 36.2% (Consolidated P&L) Depreciation & Amortization (320) (
Slide 16: Financial Summary (Balance Sheet)
www.samhi.co.in Financial Fixed Assets Sep’26 29,206 Mar’26 29,526 Notes Major projects: W Hyderabad, HRP apartments, Tribute Bangalore and Navi Summary CWIP Goodwill 2,192 5,583 1,394 5,218 Mumbai Goodwill recorded on new acquisitions (RARE India and Itmenaan) (Consolidated Cash & Cash Equivalents
Slide 17: Balance Sheet continues to strengthen
Sep 30, Mar 31, Mar 31, Jun 30, Sep 30, www.samhi.co.in 2023 2025 2026 2026 2026 Balance Credit Rating BBB A− A+ A+ A+ Sheet Net Debt (₹ mn) 17,974 19,669 14,507 14,928 14,579 continues to TTM EBITDA1 (₹ mn) 3,398 4,434 4,7215 4,6645 4,7775 strengthen Net Debt-to- 8 10.8% 11.5% EBITDA 7 10.5% 6 9.2%
Slide 18: Macro Dynamics
www.samhi.co.in Macro Dynamics Westin & fairfield, Navi Mumbai Architectural renders, actual may vary
Slide 19: Robust commercial activity across key markets
www.samhi.co.in Robust commercial activity across key markets Office market size1 (mn sft.) Net Office Absorption2 (mn sft.) FY26 Q2FY26 Q2FY27 H1FY27 Total of Total of Total of Total of Current Upcoming ~58mn sft ~16mn sft ~13mn sft ~24mn sft Bangalore 238 35 15.3 3.5 4.1 7.6 Hyderabad 143 50 9.5 1
Slide 20: Air Passenger Trend in Q2FY27
www.samhi.co.in Air Passenger Trend in Q2FY27 QoQ airline passenger growth (in mn)1 Q2FY27 change over Q2FY26 4.1% Impacted due to reduced supply with high fuel 2.6% prices and INR currency depreciation. -4.1% 77 77 79 78 YoY 75 75 70 71 72 71 70 66 67 65 67 63 -2.5% 53 -3.8% 53 -11.2% -11.9% -12.5%
Slide 21: Portfolio Performance
www.samhi.co.in Portfolio Performance W, HITEC City, Hyderabad Architectural renders, actual may vary
Slide 22: Double-digit RevPAR growth amid geopolitical headwinds
www.samhi.co.in Double-digit RevPAR growth amid geopolitical headwinds Segment wise RevPAR growth4 (Q2FY27 YoY) Revenue Contribution of the Segment (Q2 FY27) 42% Upper Upscale & Upscale 19.8% 6,041 5,958 Upper Mid-scale 41% 7.6% 5,746 5,643 +14.3% Mid-scale 18.8% 17% 5,219 5,088 5,026 YOY 4,830 4,76
Slide 23: Q2FY27 - Total Income bridge
www.samhi.co.in Q2FY27 - Total Income bridge (amounts in ₹ mn, unless specified otherwise) +15.5% +15.6% +12.6% YoY YoY YoY 101 (0) 42 355 3,384 3,427 2,929 Recorded healthy same store growth of 12.6% - ahead of our Q2 FY26 Growth in Growth from Loss due to Q2 FY27 Corporate Q2 FY27 long-term guidan
Slide 24: Q2FY27 – Consol. EBITDA bridge
www.samhi.co.in Q2FY27 – Consol. EBITDA bridge (amounts in ₹ mn, unless specified otherwise) +17.2% +18.4% YoY 19 (2) YoY +10.7% (92) YoY +12.0% 201 (74) YoY (Includes GST impact of ~₹11 mn) 1,403 1,312 1,185 1,238 +17.2 % comparable growth in EBITDA on same-store Q2 FY26 Growth in Growth from Loss
Slide 25: Operational Efficiency
www.samhi.co.in Operational Efficiency Q2FY27 Bridge from Total Asset Income to Consol. EBITDA (549) (16.2%) (397) (10.8%) (638) (19.3%) 38.8% 36.1% 3,385 (206) (6.1%) (163) Asset EBITDA Consol. EBITDA (4.7%) (60) (61) Margin Margin (1.8%) (74) (2.5%) (Includes GST impact of ~₹11 mn) Operating expen
Slide 26: Segmentation Mix
www.samhi.co.in Segmentation Mix Total Income Split by Segment (Q2FY27) 17% 42% 41% On-going rebranding/ renovations to increase upscale share from ~41% to ~60% by FY2030, giving boost to our Upper Upscale & Upscale Upper Mid-scale Mid-scale overall revenue per key Note: Data for leisure segment to
Slide 27: Segment Performance
www.samhi.co.in Stable: Y-o-Y change of +/-200bps; Segment Performance Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps Upper Upscale & Upscal
Slide 28: Growth Projects
www.samhi.co.in Growth Projects
Slide 29: Secured projects to accelerate future growth
www.samhi.co.in Secured projects to 4,899 current operational rooms accelerate future growth Rebranding of 473 rooms and addition of 1,6691 rooms through combination of expansion and new opening to aid revenue expansion # Hotel Segment Growth Project Status FY26 FY27 FY28 FY29 FY30+ 1 Holiday Inn Ex
Slide 30: W HITEC City, Hyderabad
www.samhi.co.in W HITEC City, Hyderabad (170 rooms1) An iconic brand in one of India’s largest commercial districts under development Project Progress Interior design Design finalization Construction Completed Under MEP progress Under Fit-out progress Pre-Opening Architectural renders, actual may va
Slide 31: Strong product in a resilient market to allow high ARR performance
www.samhi.co.in Strong product in a resilient market to allow high ARR performance W HITEC City, Hyderabad (170 rooms) New Development Architectural renders, actual may vary 31
Slide 32: W HITEC City, Hyderabad (170 rooms)
www.samhi.co.in W HITEC City, Hyderabad (170 rooms1) MEP: Plants & Machineries Room Fit-out Project Progress Design Interior design finalization Construction Completed MEP Under progress Fit-out Under progress, Mock-up room completed Pre-Opening Mock-up Room Building Façade Work 32
Slide 33: Westin & Tribute Portfolio, Whitefield, Bangalore
www.samhi.co.in Westin & Tribute Portfolio Whitefield, Bangalore (142 rooms renovation & 220 new rooms) Under Renovation & Development Architectural renders, actual may vary Artist impression, actual may vary
Slide 34: Westin & Tribute Portfolio Q2 FY27
www.samhi.co.in Westin & Tribute Portfolio Q2 FY27 Whitefield, Bangalore (142 rooms renovation & 220 new rooms) Under Renovation & Development Project Progress Design Interior Design Construction Basement MEP Fit-out Pre-Opening Q1 FY27 34
Slide 35: Partnership with Ingka Centres in Noida
www.samhi.co.in Partnership with Ingka Centres in Noida Impact On Portfolio Project Progress Strategic partnership with Ingka Centres Strengthens SAMHI’s presence in Delhi NCR through a Design Advance Stage high-quality upscale asset, reinforcing its capital- Construction Gr Floor Level (Part of Ing
Slide 36: One Financial District, Hyderabad
www.samhi.co.in One Financial District, Hyderabad Project Progress Design Planning Construction MEP Fit-out Pre-Opening ~260 rooms1 in a prime mixed-use development within Financial District Located in close proximity to large tech campuses with strong connectivity via Outer Ring Road Variable lease
Slide 37: SAMHI's largest hotel under development in Navi Mumbai
www.samhi.co.in SAMHI’s largest hotel under development in Navi Mumbai 700 rooms1 combo-hotel ~350 room Westin & ~350 room Fairfield by Marriott One of the largest hotel development Project Progress in the micro-market Design Planning Construction On the main arterial road and in close MEP proximity
Slide 38: New Hotel Expansion at Sriperumbudur
www.samhi.co.in New Hotel Expansion at Sriperumbudur A ~135 room “Marriott” • Current asset with 153 room under Fairfield branding has already achieved an asset level RoCE of more than 30% Project Progress Design Planning branded* hotel to be • Micro-market has strong and stable industrial demand, w
Slide 39: RARE India: capital-efficient leisure entry
www.samhi.co.in RARE India: capital-efficient leisure entry, with Marriott Bonvoy distribution overlay Hotels Rooms Indian states Other countries ~70 ~900 19 3 WHY HOW ECONOMICS Diversification Distribution via Asset-light / beyond business Marriott Bonvoy platform-style hotels • Experiential leisur
Slide 40: About Us
www.samhi.co.in About Us Renaissance, Ahmedabad
Slide 41: Diversified portfolio across travel occasions
www.samhi.co.in Diversified portfolio across travel occasions: from business stays to curated leisure experiences Asset Light Model Leisure Business Asset Portfolio Portfolio Mid-scale Upper Mid-scale Upper Upscale & Upscale LeisurePortfolio Unique portfolio of assets with a Bridge to high-end hotel
Slide 42: Upper Upscale & Upscale Hotels
www.samhi.co.in Upper Upscale & Operating Upscale 5 Hotels +8 under development 1 1,123 Rooms (+1,059 under development and 473 under rebranding2) ₹1,394mn Revenue (Q2FY27) Development Under W WESTIN Marriott Upscale WESTIN HOTELS HOTELS & RESORTS Sriperumbudur Noida HOTELS & RESORTS Hyderabad Banga
Slide 43: Upper Mid-scale Hotels
www.samhi.co.in Upper Mid-scale 14 Hotels +1 under development 2,047 Rooms (+3501 under development2; 2,047 operating rooms inc. 473 under rebranding2) ₹1,388mn Revenue (Q2FY27) 1. Previously reported 473 under-development rooms included 86 rooms of Fairfield, Srip. Chennai. These have been moved to
Slide 44: Mid-scale Hotels
www.samhi.co.in Mid-scale 12 Hotels +1 under development 1,729 Rooms (+260 under development1) ₹582mn Revenue (Q2FY27) 1. Based on final segment, brand and plan room count of under development/ rebranding rooms may vary 44
Slide 45: Leisure Portfolio Asset Light Model
www.samhi.co.in Leisure Portfolio Asset Light Model ~70 Hotels ~900 Rooms 45
Slide 46: Dominant share with leading operators
www.samhi.co.in Dominant share with leading operators Marriott Upcoming Brands 2,263 Our hotels operate under some of the most 67% W WESTIN TRIBUTE HOTELS HOTELS & RESORTS PORTFOLIO well recognized global hotel brands Hyatt IHG 520 This gives us access to loyalty programs, 582 16% Recent Addition to
Slide 47: Team that built the business
www.samhi.co.in Team that built the business 14+ yrs 15+ yrs 15+ yrs 9+ yrs In SAMHI In SAMHI In SAMHI In SAMHI Sanjay Jain Gyana Das Ashish Jakhanwala Rajat Mehra Senior Director, Corporate Affairs, Tanya Chakravarty EVP – Corporate Strategy & Chairman, MD & CEO CFO Company Secretary and General Co
Slide 48: Strong governance with highly experienced board members
www.samhi.co.in Strong governance with highly experienced board members Ashish Manav Thadani Ajish Abraham Michael David Aditya Jain Archana Capoor Krishan Dhawan Jakhanwala Non-Executive & Jacob Holland Independent Independent Independent Chairman, Non- Independent Non-Executive & Independent Direc
Slide 49: Historical Consolidated P&L Summary
www.samhi.co.in Historical Consolidated P&L Summary Total Income (₹mn) Consolidated EBITDA (₹mn) PAT (₹mn) 12,790 11,386 9,787 7,614 5,665 6,510 6,276 4,626 4,251 2,879 2,606 3,331 2,251 1,720 1,793 855 660 218 -597 (2,346) (2,999) (3,386) (4,433) (4,777) FY20 FY21 FY22 FY23 FY24 FY251 FY26 H1 FY27
Slide 50: Historical Consolidated Quarterly P&L Summary
www.samhi.co.in Historical Consolidated Quarterly P&L Summary Total Income (₹mn) Consolidated EBITDA (₹mn) PAT (₹mn) 3,535 3,994 3,419 3,427 3,234 3,083 2,899 2,941 2,963 2,873 2,733 2,669 2,542 2,232 1,924 1,278 1,263 1,238 1,202 1,115 1,105 1,056 1,013 962 967 904 891 998 540 473 459 481 411 228 1
Slide 51: Glossary
www.samhi.co.in Operating Addition/ Glossary # Hotel Brand City Location Operator Segment Total Rooms Renovation TM 1 Hyatt Regency Pune Nagar Road Hyatt Upper Upscale & Upscale 301 22 323 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale & Upscale 155 - 155 3 Sheraton Hyderabad Gachibowli M
Slide 52: Disclaimer
www.samhi.co.in Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by SAMHI Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe f
Slide 53: Thank You
www.samhi.co.in Company SAMHI Hotels Ltd. CIN: L55101DL2010PLC211816 Thank Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in www.samhi.co.in Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Ms. Ami Parekh/ Mr. Rahul Agarwal