Indian Hotels Co. Ltd. · NSE:INDHOTEL
Indian Hotels — The Indian Hotels Company — FY2015 Earnings Presentation
29 slides from Indian Hotels's earnings presentation, May 29, 2015
Slide 1: Analyst Meet: Results for the Year ended March 31, 2015
The Indian Hotels Company Limited Analyst Meet Results for the Year ended March 31, 2015 1 May 29, 2015
Slide 2: Disclaimer
Disclaimer These presentations contain forward-looking statements within the meaning of applicable securities laws. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements Forward-looking statements are not guaran
Slide 3: Presenter Panel
Presenter Panel Rakesh Sarna - Managing Director & CEO Anil P Goel - Executive Director – Finance 3
Slide 4: Outline of Presentation
Outline of Presentation Industry Trends New Inventory – Taj Group Financial Results - Standalone 2014/15 Financial Results - Consolidated 2014/15 Treasury 4
Slide 5: Industry Trends
Industry Trends Global outlook International travel and tourism grew by 4.7% during 2014. Strong growth in Americas (+7%), Asia Pacific (+5%) while Europe (+4%), the Middle East (+4%) and Africa (+2%) grew at a slightly more modest pace. For 2015, UNWTO forecasts international tourist arrivals to gr
Slide 6: Foreign Tourist Arrivals in India 2012 to 2014
Foreign Tourist Arrivals in India 2012 to 2014 9 Foreign tourist arrivals (in lakhs) 8 7 6 5 4 3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 2013 2012 Foreign Tourist Arrivals into India grew by 10 % in 2014 7.7 million arrivals 6
Slide 7: Occupancies % – Year on Year Trend
Occupancies % – Year on Year Trend Occupancy % 14-15 Occupancy% 13-14 80 72 69 68 70 67 67 63 62 62 60 58 60 58 57 59 60 57 58 58 57 55 55 54 54 50 50 50 40 30 20 10 0 India Goa Kolkata Mumbai Pune Ahmedabad New Delhi Gurgaon Jaipur Bengaluru Chennai Hyderabad Source: STR Global Reports Hyderabad ,
Slide 8: ARRs – Year on Year Trend
ARRs –Year on Year Trend Average Rates 14-15 Average Rates 13-14 8000 7274 7334 7278 7114 7000 6989 6454 6574 6765 5820 6000 5585 5635 5835 5676 5678 5292 4987 5014 5000 4912 4762 4677 4190 39624050 3849 4000 3000 2000 1000 0 India Goa Kolkata Mumbai Pune Ahmedabad New Delhi Gurgaon Jaipur Bengaluru
Slide 9: Taj Group New Inventory in the pipeline
Taj Group New Inventory in the pipeline 9
Slide 10: Hotels Opened in 2014/15
Hotels Opened in 2014/15 Hotel Company Rooms Taj Imperial Club by Taj, Tardeo, Mumbai Management Contract 9 Vivanta by Taj Vivanta by Taj, Dwarka, New Delhi IHCL 250 Gateway Gateway Hotel, Gurgaon Management Contract 68 Gateway Hotel , Gondia Benares Hotels 34 Ginger Ginger Visakhapatnam Roots Corpo
Slide 11: Upcoming Development In 2015/16
Upcoming Development In 2015/16 Hotel Company Rooms Taj Taj Downtown, Dubai (Opened in April , 2015) Management Contract 296 Taj Santacruz Hotel, Mumbai Taj GVK 283 Taj Airport Hotel , Bangalore Management Contract 154 Vivanta by Taj Vivanta by Taj, Guwahati IHCL 150 Vivanta by Taj, Amritsar PIEM Ho
Slide 12: Standalone Financial Performance for the Year ended March 31, 2015
Standalone Financial Performance for the Year ended March 31, 2015 12
Slide 13: IHCL Standalone Financials: Profit and Loss Account
IHCL Standalone Financials Profit and Loss Account `/ crores 2014/15 2013/14 % Change Net Sales/Income from Operations 2024.38 1929.51 5 Other Operating Income - - - Total Income from Operations 2024.38 1929.51 5 Cost of Materials Consumed 181.88 176.83 3 Employee Benefits Expense 531.37 472.53 12 L
Slide 14: IHCL Standalone Financials: Total Income
IHCL Standalone Financials Total Income `/crores Particulars 2014/15 2013/14 % Change Room Income 908.34 884.26 3 Food & Beverages Income 813.42 774.16 5 Other Operating Income 164.88 145.55 13 Management Fees & Reimbursable 137.74 125.54 10 Income from Operations 2,024.38 1,929.51 5 Other Income 79
Slide 15: IHCL Standalone Financials Summary
IHCL Standalone Financials Summary `/crores Particulars Q4 Full Year 2014/15 2013/14 2014/15 2013/14 Total Income 632.02 581.34 2103.60 1977.33 EBIDTA 175.09 156.11 437.89 437.28 EBIDTA % 27.70% 26.85% 20.82% 22.11% Profit before Finance Cost & Exceptional 145.90 124.14 320.04 315.02 Item Profit aft
Slide 16: IHCL Standalone Financials Exceptional Items
IHCL Standalone Financials Exceptional Items `/crores Particulars 2014/15 2013/14 Exceptional Item - Exchange Loss on Long term borrowings (24.75) (22.16) Sub Total (a) (24.75) (22.16) Exceptional Item - Others Provision for Diminution in value of long term investments (213.49) (687.00) Provision fo
Slide 17: IHCL Standalone Financials Balance Sheet
IHCL Standalone Financials Balance Sheet ` / Crores March 31, 2015 March 31, 2014 Shareholders’ Funds 2615.15 2693.84 Non- Current Liabilities Long-term borrowings 2898.10 2153.51 Other Long Term Liabilities 585.47 639.17 Long-term Provisions/ Deferred Tax Liabilities (net) 218.37 126.42 Current Lia
Slide 18: Dividend
Dividend On account of the Loss After Tax reported by the Company during the current year, resultant of the recognition of the other than temporary diminution in the value of some of the investments, the Board of Directors do not recommend a dividend for the year 2014/15 ( previous year NIL per shar
Slide 19: Consolidated Financial Performance for the Year Ended March 31, 2015
Consolidated Financial Performance for the Year Ended March 31, 2015 19
Slide 20: Major Taj Group Companies
Major Taj Group Companies Company Name Effective Company Name Effective Holding Holding % % Subsidiaries Joint Ventures Piem Hotels Ltd 51.57 Taj GVK Hotels & Resorts Ltd 25.52 Taj SATS Air Catering Ltd 51.00 Taj Madras Flight Kitchen Pvt Ltd 50.00 Tifco Holdings Ltd [Investment Company] 100.00 Taj
Slide 21: IHCL Consolidated Financials: Profit and Loss Account
IHCL Consolidated Financials Profit and Loss Account `/ Crores 2014/15 2013/14 % Change Net Sales/Income from Operations 4188.64 4066.19 3 Other Operating Income - - - Total Income from Operations 4188.64 4066.19 3 Cost of Materials Consumed 443.09 427.07 4 Employee Benefits Expense 1462.46 1372.19
Slide 22: IHCL Consolidated Financials Summary
IHCL Consolidated Financials Summary `/crores Particulars 2014/15 2013/14 % change Total Income 4287.4 4125.9 4 EBIDTA 587.3 619.3 (5) EBIDTA% 14% 15% Profit before Finance Cost & Exceptional Item 296.0 311.2 (5) Profit/ (Loss) after Finance Costs but before 120.4 142.7 (16) Exceptional Item Excepti
Slide 23: IHCL Consolidated Financials Exceptional Items
IHCL Consolidated Financials Exceptional Items `/crores Particulars 2014/15 2013/14 Exceptional item - Exchange Loss on Long term borrowings (51.1) (29.2) Sub Total (a) (51.1) (29.2) Exceptional item - Others Provision for diminution in value of long term investments (332.3) (452.2) Profit on sale o
Slide 24: IHCL Consolidated Financials Balance Sheet
IHCL Consolidated Financials Balance Sheet `/crores Particulars March 31, 2015 March 31, 2014 Shareholders’ Funds 2,227.22 2,636.46 Minority Interest 737.84 735.86 Non- Current Liabilities Long-term borrowings 4,597.67 3,023.88 Other Long Term Liabilities 585.91 639.76 Long-term Provisions/ Deferred
Slide 25: International Hotels
International Hotels Occupancy (%) ARR ($) RevPAR ($) Hotel Name 2014/15 2013/14 2014/15 2013/14 2014/15 2013/14 The Pierre, New York 72 74 640 644 462 478 Taj Boston 74 75 297 272 220 204 Campton Place, San 76 76 351 324 267 245 Francisco St. James Court, London (₤) 80 81 196 194 157 157 25
Slide 26: Overview of Taj Group
Overview of Taj Group Particulars 2014/15 2013/14 2012/13 2011/12 Number of Hotels 130 125 118 112 Rooms Inventory 15,658 15,391 14,331 13,629 Total Revenue ` / crores 6,015 5,677 5,102 4,795 Total Revenue denote arithmetical aggregate of turnover of all hotels/units irrespective of ownership, inclu
Slide 27: Treasury: Debt Position
Treasury Debt Position `/crores Particulars Standalone Consolidated 2014/15 2013/14 2014/15 2013/14 Gross Debt * 2,209 2,691 4,075 4,252 Debenture Redemption Premium 562 655 562 655 Less : Liquidity # (788) (43) (1050) (291) Net Debt 1,983 3,303 3,587 4,616 Net Debt/ Equity^ 0.55 1.23 1.11 1.75 Net
Slide 28: Capital Commitments in 2015/16 & 2016/17
Capital Commitments in 2015/16 & 2016/17 Particulars `/crores Renovations 100 Normal capital expenditure/ replacement /replenishment 52 Information Technology (commenced in 2014/15) 85 Vivanta by Taj - Guwahati 60 Total 297 28
Slide 29: Thank you
Hotels Reso and Palaces Thank you
The Indian Hotels Company — FY2015 Earnings Presentation on 6ix