Brigade Hotel Ventures Limited · NSE:BRIGHOTEL
Brigade Hotel Ventures — Q2 FY26 Earnings Presentation
38 slides from Brigade Hotel Ventures's earnings presentation, Oct 24, 2025
Slide 1: Corrigendum - Investor Presentation Q2 FY26
Ref: BHVL/NSEBSE/ CGM /24102025 October 24, 2025 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Bandra (E), Mumbai – 400 051 Mumbai – 400 001 R
Slide 2: Investor Presentation Q2 FY26
Cover Slide INVESTOR PRESENTATION | Q2 FY26 | OCTOBER 2025 Sheraton Grand Hotel at Brigade Gateway
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Brigade Hotel Ventures Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: Business Overview
Business Overview
Slide 5: About us
About us Second largest owner of chain-affiliated hotels and hotel rooms in South India Who we are Group Legacy Owner & Developer of hotels in key cities Backed by 40-Year Foundation and financial primarily in South India strength of Brigade Enterprise Limited (BEL) Our Segment Luxury (4) Upper Upsc
Slide 6: 2nd Largest Owner of chain-affiliated hotels in South India
2nd Largest Owner of chain-affiliated hotels in South India Well Positioned to capture Industry Tailwinds 151 1,604 1,700 Grand Mercure Existing Keys Upcoming keys Ahmedabad GIFT City ~3,300 Total Portfolio 126 Key Growth Drivers: Grand Mercure 272 • Strengthening presence in high-growth Holiday Inn
Slide 7: Affiliated with Global Hospitality Brands
Affiliated with Global Hospitality Brands… Overview of our existing portfolio Marriot International Accor IHG - Hotels & Resorts Sheraton Grand at Brigade Gateway Grand Mercure Holiday Inn Chennai OMR IT Expressway Upper Upscale Upscale Upper Midscale Grand Mercure Mysore Upscale 230 Keys 126 Keys 2
Slide 8: Strengthening the Partnership with Upcoming Pipeline
Strengthening the Partnership with Upcoming Pipeline Deploying ₹ 3,600 Crs. For 1,700 New Keys by FY30 Timeline of S. No. Project Keys Segment Location completion 1 Courtyard by Marriot Chennai World Trade Centre 45 Upscale OMR, WTC Chennai FY27 2 Fairfield by Marriott Bengaluru International Airpor
Slide 9: Strategic Capital Allocation
Strategic Capital Allocation Capex and financing through FY30 To be Funded through Internal Accruals + Borrowings ~4,500 To be Funded through Internal Accruals + IPO Proceeds + Borrowings 2,110 In ₹ Crs. 1,495 1,338 Gross Block as at 31st March 2025 FY26-FY27 FY28-30 Gross Block as at 31 March 2030
Slide 10: Upcoming Pipeline (1/2)
Upcoming Pipeline (1/2) Artist impressions InterContinental Hyderabad at Brigade Gateway Grand Hyatt Chennai ECR The Ritz-Carlton, Vaikom Island Kerala Luxury Luxury Luxury Mixed use Property with iconic WTC, Intercontinental Hotel and Orion Mall Beach Resort Beach Resort 10
Slide 11: Upcoming Pipeline (2/2)
Upcoming Pipeline (2/2) Artist impressions Fairfield by Marriott Bengaluru Brigade Valencia JW Marriott Chennai OMR Upscale Upper Midscale Mixed use development within the larger Brigade Valencia development Luxury Fairfield by Marriott Bengaluru International Airport Thiruvananthapuram Marriott hot
Slide 12: Capital Raise through IPO
Capital Raise through IPO Oversubscribed IPO at 3.1x along with Pre-IPO placement to 360-One Alternates Asset Management Limited IPO Proceeds* of ₹886 Crs. 31st July 2025 (Incl. Pre-IPO) Use of proceeds Estimated Deployment Deployment Funded from Project Net Proceeds As of FY26 FY27 30th Sep’25 Debt
Slide 13: Brigade Group Overview
Brigade Group Overview Among the top 10 listed Developers in India* South India Dominance Completed 300+ About 4 Decades of Builder of A Grade with strong presence Buildings with 100 Mn+ Experience Properties across 6 Cities sq. ft. delivered Residential Properties Commercial Properties Retail Prope
Slide 14: Q2 & H1 FY26 Financial Performance
Q2 & H1 FY26 Financial Performance 14
Slide 15: From MD's Desk
From MD’s Desk “BHVL had a strong Q2 FY26 with revenue up 20% YoY to ₹130 Cr, EBITDA stood at ₹41 Cr, and PAT at ₹11 Cr, driven by robust performance and lower finance costs. Our continued focus on enhancing ARR and driving higher RevPAR has yielded strong results. ARR is up 14% YoY to ₹7,106 and Re
Slide 16: Q2FY26 Financial Highlights
Q2FY26 Financial Highlights Financial leverage aiding the company to become profitable Total Income (₹ Crs.) EBITDA (₹ Crs.) PAT (₹ Crs.) Margins % 35.0% 31.8% +20% +9% 130 41 +58% 11 Q2 FY26 38 108 79 7 67 37 42 4 8 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Room F&B Others Total Income (₹ Crs.) EBI
Slide 17: Q2 & H1 FY26 Hospitality KPIs: Consolidated Performance
Q2 & H1 FY26 Hospitality KPIs: Consolidated Performance ARR, RevPar and Occupancy trends Quarterly YTD RevPar (In ₹) RevPar (In ₹) 76.0% 75.6% 74.7% 75.1% +13% +11% 5,374 5,209 4,745 4,713 Q2FY25 Q2FY26 H1FY25 H1FY26 Occupancy (%) Occupancy (%) ARR (In ₹) ARR (In ₹) +14% +10% 7,106 6,936 6,247 6,310
Slide 18: Q2 & H1 FY26 Hospitality KPIs: Same Store Performance
Q2 & H1 FY26 Hospitality KPIs: Same Store Performance Strong Momentum driving double digit growth in RevPar and ARR Quarterly YTD RevPar (In ₹) RevPar (In ₹) 78.7% 76.9% 76.0% 76.0% +14% +13% 5,600 5,416 4,928 4,804 Q2FY25 Q2FY26 H1FY25 H1FY26 Occupancy (%) Occupancy (%) ARR (In ₹) ARR (In ₹) +16% +
Slide 19: Geography wise Performance
Geography wise Performance Double digit ARR and RevPar growth across geographies Same Store* Portfolio Level Q2 FY26 Q2 FY25 YOY % H1 FY26 H1 FY25 YoY % YOY % 1. Average Room Rate (₹) Bengaluru 8,738 7,316 19% 19% 8,481 7,395 15% Others 5,558 5,052 10% 13% 5,444 5,076 7% Combined 7,106 6,247 14% 16%
Slide 20: Profit & Loss Statement
Profit & Loss Statement Q2FY26 Consolidated P&L In ₹ Crs. Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY ❖ Total Income for Q2 FY26 stood at ₹130 Cr, up 20% YoY. For H1 FY26 Total Income 130 108 20% 255 211 21% Total income was ₹255 Cr, up 21% YoY. COGS 11 10 23 20 ❖ Growth was primarily driven by higher ARR a
Slide 21: Balance Sheet
Balance Sheet Consolidated Balance Sheet as at September 2025 Equity & Liabilities (in ₹ Crs.) Sep-25 Mar-25 Assets (in ₹ Crs.) Sep-25 Mar-25 Total Equity 936 102 Non - Current Assets 1,034 860 Equity share capital 380 281 Property, plant and equipment 900 730 Instruments entirely equity in nature 2
Slide 22: Cashflow Statement
Cashflow Statement Consolidated Cashflow for half year ended September 2025 Cash Flow Statement (In ₹ Crs.) Sep-25 Sep-24 Net Profit Before Tax 24 14 Adjustments for: Non -Cash Items / Other Investment or Financial Items 55 57 Operating profit before working capital changes 78 71 Changes in working
Slide 23: Competitive Strengths
Competitive Strengths Key Growth Strategies
Slide 24: Key Growth Strategies
Key Growth Strategies Growth Market Advantage Strong market position capitalizes on air passenger growth outpacing new hotel inventory, creating Operational Excellence demand-supply mismatch through Asset Management Driving efficiencies and Cost Reduction Strong Parentage of Brigade Group by Ensurin
Slide 25: Well Positioned to Leverage Industry Tailwinds (1/2)
1. Well Positioned to Leverage Industry Tailwinds (1/2) Strong Foothold in High-Growth Markets Demand Growth continues to outpace Supply Growth in India Influx of Domestic & Foreign Tourists Domestic Tourism (in Mn.) Supply (‘000s) Demand (‘000s) 5,000 Structural Tailwinds 2,322 315 208 236 < CY2001
Slide 26: Air Passenger Travel Drives Demand
1. Air Passenger Travel Drives Demand Limited New Hotel Inventory Creating supply Opportunity Air Passenger Movement for Select Markets (₹ Mn) Demand Supply Mismatch 10 Bangalore 15 Share of Indian Air Traffic Supply share of Hotel Inventory 42 7 23.0% 29.0% Hyderabad 10 24 FY25 FY25 10 Chennai 14 2
Slide 27: Strong Parentage of Brigade Group
2. Strong Parentage of Brigade Group Ensuring Timely build and Elevated Brand Standards Leveraging Relationship – Subsidiary of Brigade Enterprises Limited (BEL)1 Locating strategic land parcels based Strong reputation, network and on deep understanding of market relationships helps secure corporate
Slide 28: Asset Alignment with Demand
3. Asset Alignment with Demand Strategically expanding and diversifying its Hotel Portfolio Existing Upcoming Courtyard by Marriot | WTC in Chennai Central Business Districts (CBD) / Commercial Centres Marriott | WTC in Kerala InterContinental Hotels & Resorts | Kokapet, Hyderabad Mixed Use Developm
Slide 29: Operational Excellence through Asset Management
4. Operational Excellence through Asset Management Driving efficiencies and Cost Reduction Green Buildings 9 Energy Management 59% E-Mobility Hotels 8 of 9 operational hotels have EV charging 20% or more Renewable Energy Consumption Q2 stations FY26 saving in Energy, Water and reduction in embodied
Slide 30: Efficiency Ratios
4. Efficiency Ratios Conscious efforts to control costs and improve efficiency Operating Expenses as a % of Operating Revenue Utilities as a % of Operating Revenue 70% 69% 6.8% 7.0% 65% 66% 5.6% 5.7% Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Staff to Room Ratio Employee Cost as a % Ope
Slide 31: Board of Directors
5. Board of Directors Corporate Oversight & Direction Nirupa Shankar Vineet Verma Amar Shivram Mysore Managing Director Non-Executive & Non-Executive & Non- Non-Independent Director Independent Director • Associated with the Brigade Group since 2009 • Associated with the Brigade Group since 2006 • A
Slide 32: Key Management Team
5. Key Management Team Deep Sector Expertise Driving Execution Ananda Natarajan Manoj Agarwal Rayan Aranha Arindam Mukherjee Akansha Bijawat CFO COO (Hospitality) Vice President President, Engineering (Hospitality) Company Secretary & Compliance Officer • Associated with the Brigade • Formerly with
Slide 33: Financials - Historical Financials
Financials Historical Financials
Slide 34: Historical Profit & Loss Statement
Historical Profit & Loss Statement Consolidated P&L Profit and Loss (In ₹ Crs.) FY25 FY24 FY23 Total Income 471 405 356 Cost of Goods Sold 45 40 35 Employee Cost 86 76 63 Other Expenses 173 144 155 EBITDA 167 145 103 EBITDA Margin (%) 35.5% 35.7% 28.9% Depreciation 50 44 49 Finance Cost 73 69 69 Exc
Slide 35: Historical Balance Sheet
Historical Balance Sheet Consolidated Balance Sheet Equity & Liabilities (in ₹ Crs.) Mar-25 Mar-24 Mar-23 Assets (in ₹ Crs.) Mar-25 Mar-24 Mar-23 Total Equity 102 79 48 Non - Current Assets 860 819 751 Equity share capital 281 1 1 Property, plant and equipment 730 651 627 Instruments entirely equity
Slide 36: Historical Cashflow Statement
Historical Cashflow Statement Consolidated Cashflow Particulars (In ₹ Crs.) Mar-25 Mar-24 Mar-23 Net Profit Before Tax 45 32 -5 Adjustments for: Non -Cash Items / Other Investment or Financial Items 120 112 103 Operating profit before working capital changes 165 144 98 Changes in working capital -11
Slide 37: Key Ratios
Key Ratios RevPar ( in ₹) & Occupancy (%) Average Room Rate (in ₹) 69.6% 73.3% 76.8% 75.1% 5,138 5,209 6,694 6,936 4,681 6,388 5,944 4,136 FY23 FY24 FY25 H1FY26 FY23 FY24 FY25 H1FY26 Occupancy (%) Return on Adjusted Capital1 (%) Net Debt (in ₹ Crs.) & Net Debt/ Equity (x) 12.6 7.8 5.8 -0.1 16.3% 601
Slide 38: Thank You
THANK YOU For further information, please contact: Brigade Hotel Ventures Ltd. Investor Relations: Strategic Growth Advisors (SGA) CIN: L74999KA2016PLC095986 CIN: U74140MH2010PTC204285 Mr. Ananda Nataranjan – CFO Mr. Deven Druva / Ms. Prachi Chhugani investors@bhvl.in deven.dhruva@sgapl.net / prachi
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