Eih Limited · NSE:EIHOTEL
Eih — Q1 FY2020 Earnings Presentation
24 slides from Eih's earnings presentation, Aug 13, 2019
Slide 1: Submission of presentation to investors/analysts (cover letter)
CIN:L55101WB1949PLC017981 CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM 13th August 2019 The National Stock BSE Limited The Calcutta Stock Exchange of India Limited Corporate Relationship Dept. Exchange Limited Exchange Plaza, 5th Floo
Slide 2: Investor Presentation August 2019
INVESTOR PRESENTATION August 2019
Slide 3: Contents
CONTENTS 1. The Oberoi Dharma 2. The Oberoi Group Mission 3. Business Overview 4. EIH Group Presence 5. Balanced Portfolio 6. Planned addition of properties 7. Operational Statistics 8. Financials 9. Ind AS 116 Impact 1
Slide 4: Rooms; Hotels
4503 Rooms; 31 Hotels 2271 Rooms; 2232 Rooms; 20 Hotels 11 Hotels 2
Slide 5: The Oberoi Dharma
The Oberoi Dharma Fundamental Code of Conduct We, as members of OBEROI Group are committed to display through our behaviour and actions the following CONDUCT which applies to all aspects of our Business: Conduct which is of highest ethical standards, intellectual, financial and moral, and reflects
Slide 6: The Oberoi Group Mission
The Oberoi Group Mission We are committed to meeting and exceeding the expectations of our OUR GUESTS guests through our unremitting dedication to perfection, in every aspect of service We are committed to the growth, development and welfare of our OUR PEOPLE people upon whom we rely to make this ha
Slide 7: Business Overview
Business Overview Hotels Oberoi Hotels & Resorts Trident Hotels Business / Leisure Hotels in First class hotels of the premium segment International standard Operating in 5 countries – Operations in India India, Mauritius, Egypt, UAE and Indonesia Operations Flight Catering Other Businesses
Slide 8: EIH Group Presence
EIH Group Presence Gurgaon (202) Gurgaon (136)(3) Mashobra, Shimla Hills Shimla (75) International(2) (85) The Oberoi Gurgoan(3) The Oberoi Cecil (2) Wildflower Hall(2) EGYPT Jaipur (71) Jaipur (134)(2) New Delhi (220) New Delhi (54) The Oberoi, The Oberoi Sahl Hasheesh (102) Chandigarh (65) The Obe
Slide 9: Balanced Portfolio
Balanced Portfolio Business Leisure The Oberoi Mumbai (287) The Oberoi Amarvilas (102)* The Oberoi New Delhi (220) The Oberoi Udaivilas (87) The Oberoi Grand, Kolkata (209) The Oberoi Rajvilas (71)* The Oberoi, Bangalore (160) The Oberoi Vanyavilas (25) Trident, Gurgaon (136)* The Oberoi S
Slide 10: Planned Addition/ Renovation
Planned Addition/ Renovation International Morocco Agra The Oberoi, Marrakech Bandhavgarh The Oberoi Amarvilas1 Qatar The Oberoi Bandhavgarh The Oberoi, Doha Rajgarh Kenya The Oberoi Rajgarh Palace The Oberoi Maasai Mara Ahmedabad Thailand The Oberoi &Trident, Koh Tan The Oberoi GIR Island Nepal Uda
Slide 11: In Flight Catering and Airport Services
In Flight Catering and Airport Services EIH Limited was an early mover in the industry In-flight catering and related services to airlines started in 1966 First independent kitchen in 1979 in Delhi. OAS/ OFS has reported an average EBITDA of Rs.63.7 crore per year during the past 15 years.
Slide 12: Operational Statistics - Annual
OPERATIONAL STATISTICS - Annual Domestic properties - Owned 14,000 71.7% 71.4% 12,200 72.0% 11,246 12,000 70.0% 10,695 10,000 10,202 70.1% 9,872 69.6% 67.7% 8,000 68.0% 6,000 66.0% 4,000 64.0% 2,000 6,686 7,308 7,639 7,880 8,490 62.0% - 2014-15 2015-16 2016-17 2017-18 2018-19 RevPAR-Rs. Occupancy-%
Slide 13: Operational Statistics – Q1
OPERATIONAL STATISTICS – Q1 Domestic properties - Owned 12,000 72.0% 10,284 10,023 9,591 10,000 9,061 8,618 67.0% 64.9% 65.5% 65.3% 65.3% 8,000 64.4% 62.0% 6,000 57.0% 4,000 52.0% 47.0% 2,000 5,647 5,916 6,265 6,624 6,506 42.0% - Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 RevPAR-Rs. Occupancy-% ARR-Rs. 11
Slide 14: Operational Statistics – Q1 (Domestic)
Operational Statistics – Q1 Domestic Properties – Owned / Managed Occupancy (%) RevPAR (`) 8,000 75.00% 63.47% 6,310 62.61% 6,270 6,000 50.00% 1.37% 0.64% 4,000 25.00% 2,000 0.00% - Q1 Jun 18 Q1 Jun 19 Q1 Jun 18 Q1 Jun 19 Note: 1. Occupancy and RevPAR are for Domestic properties only. 2. Includes ma
Slide 15: Operational Statistics – Q1 (Domestic + International)
Operational Statistics – Q1 Domestic + International – Owned / Managed Occupancy (%) RevPAR (`) 8,000 75.00% 6,700 61.14% 6,657 60.18% 6,000 50.00% 1.60% 0.65% 4,000 25.00% 2,000 0.00% - Q1 Jun 18 Q1 Jun 19 Q1 Jun 18 Q1 Jun 19 Note: 1. Includes managed properties. 2. The results of this quarter are
Slide 16: Operational Statistics – Q1 (Brand Wise)
Operational Statistics – Q1 Brand Wise ~ Domestic + International – Owned / Managed Occupancy (%) RevPAR (`) Oberoi Hotels 75.00% 10,000 7,918 53.01% 7,736 51.40% 3.13% 7,500 2.35% 50.00% 5,000 25.00% 2,500 0.00% - Q1 Jun 18 Q1 Jun 19 Q1 Jun 18 Q1 Jun 19 Trident Hotels 71.11% 70.95% 6,000 5,314 5,23
Slide 17: Market Leader FY 2018-19
Market Leader FY 2018-19 Hotel-wise STR ranking suggests Oberoi & Trident branded hotels continue to be the leaders across India with 7 hotels ranked # 1 and 6 hotels ranked # 2 out of total 18 hotels in India Oberoi Branded Hotels STR Rank Trident Branded Hotels STR Rank The Oberoi, Mumbai 3 Triden
Slide 18: Historical Financials (EIH CFS)
Historical Financials (EIH CFS) Turnover (Rs. Cr) EBITDA (Rs. Cr) 2000 1880 600 40% 1697 1700 1618 1705 487 1600 500 422 355 374 30% 400 309 1200 300 20% 800 200 400 10% 100 0 0 0% Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 EBITDA Margin PAT (Rs. Cr) Net Worth (Rs. Cr) 200
Slide 19: Q1 Financials (EIH CFS)
Q1 Financials (EIH CFS) Turnover (Rs. Cr) EBITDA (Rs. Cr) 500 80 68 40% 400 358 400 60 49 30% 300 42 cr 17% 40 20% 200 14% 100 20 10% 0 0 0% Q1 Jun 18 Q1 Jun 19 Q1 Jun 18 Q1 Jun 19 EBITDA Margin * The drop in revenue in the current quarter is attributable to slowdown in business travel due to high a
Slide 20: Q1 Financials (EIH Standalone)
Q1 Financials (EIH Standalone) Turnover (Rs. Cr) EBITDA (Rs. Cr) 500 60 57 40% 400 50 343 303 30% 40 cr 40 35 300 30 17% 20% 200 12% 20 100 10% 10 0 0 0% Q1 Jun 18 Q1 Jun 19 Q1 Jun 18 Q1 Jun 19 EBITDA Margin PAT (Rs. Cr) Net Worth (Rs. Cr) 15 4% 10 3000 2813 2848 3% 10 35 cr 2% 2000 5 1% 0 0% 1000 Q
Slide 21: Financial Performance (EIH CFS) Q1 FY20
FINANCIAL PERFORMANCE (EIH CFS) Q1 FY20 (Rs. Crore) JUN’19 JUN’18 INC / (DEC) Revenue 358.22 400.35 (42.13) Expenditure 308.11 331.34 (23.23) EBITDA 50.11 69.01 (18.90) Interest 13.51 11.23 2.28 Depreciation 36.31 32.78 3.53 Exceptional item – loss (0.47) - (0.47) Share of Net Profit of Associates a
Slide 22: Financial Performance (EIH Standalone) Q1 FY20
FINANCIAL PERFORMANCE (EIH Standalone) Q1 FY20 (Rs. Crore) JUN’19 JUN’18 INC / (DEC) Revenue 302.99 343.46 (40.47) Expenditure 268.08 286.65 (18.57) EBITDA 34.91 56.81 (21.90) Interest 12.12 10.14 1.98 Depreciation 33.57 30.64 2.93 Exceptional item – loss (0.47) - 0.47 Profit before tax (11.25) 16.0
Slide 23: Impact of IndAS 116 on Company's Financials
Impact of IndAS 116 on Company’s Financials Impact on Profit and Loss Statement for the quarter ended June 2019 : Amount in Rs. crore Particular Before Ind AS 116 After Ind AS 116 Net Impact on Profit Lease Rent 2.16 - 2.16 Others 1.19 - 1.19 Net EBITDA 3.35 - 3.35 Interest expenses 0.08 2.32 (2.24)
Slide 24: Thank You
THANK YOU