Apeejay Surrendra Park Hotels Ltd. · NSE:PARKHOTELS
Apeejay Surrendra Park Hotels — Q3 FY25 Earnings Presentation
35 slides from Apeejay Surrendra Park Hotels's earnings presentation, Feb 10, 2025
Slide 1: Apeejay Surrendra Park Hotels Limited Q3 & 9M FY25 Investor Presentation
Ran Baas The Palace - Patiala Apeejay Surrendra Park Hotels Limited Q3 & 9M FY25 Investor Presentation February 10, 2025
Slide 2: Table of Content
Table of Content Q3 & 9MFY25 Results Overview 03 Key Highlights 07 Management Comment 09 Key Operational Performance – Q3 & 9M FY25 10 Operational Performance – Q3 & 9M FY25 11 Leadership in the Upscale & Upper Midscale Segments 12 F&B Segment Performance 17 Performance of Retail F&B Brand “Flurys”
Slide 3: Q3 & 9M FY25 Results Overview
The Lotus Palace - Chattinad Q3 & 9M FY25 Results Overview 3
Slide 4: Where to Stay: Ran Baas The Palace Patiala
WHERE TO STAY a se. THAAesE oc aa ntam *y a RAN BAAS THE PALACE PATIALA Punjabis first luxury palace hotel unlocks the possibilities for a great cultural revival ofthe states royal legacy, nds Chandrahas Choudhury. Photographs by Rahul Kizhakke Veettil APEEJAY AS PH surrenora PARK HOTELS
Slide 5: Chettinad
CHETTINAD Citccrasliseeeerellceesss! APEEJAY SURRENDRA PARK HOTELS L Jd AS7 PH
Slide 6: Phoenix Citadel, Indore / Banjara Hills, Hyderabad
PHOENIX CITADEL, INDORE BANJARA HILLS, HYDERABAD 6
Slide 7: Operational & Financial Highlights – Q3 FY25 vs. Q3 FY24
The Park - New Delhi Q3 FY25 Operational & Financial Highlights – Q3 FY25 vs. Q3 FY24 PBT at Rs. 45 Cr. Highest Ever Q3 Topline EBIDTA at Rs. 63 Cr, 58% YoY Growth 36% Margin 11% YoY Growth PAT at Rs. 32 Cr. 11% YoY Growth 17% YoY Growth India's Highest Occupancy Market Leadership In RevPAR Flurys B
Slide 8: Q3 FY25 performance across key financial metrics
The Park – Navi Mumbai Q3 FY25 performance across key financial metrics Q3 FY25 performance snapshot vs Q3 FY24 (YoY change) Revenue From EBITDA EBITDA % Operations Rs. 63 Cr. 36% Rs. 177 Cr. Up 11% Up 3 BPS Up 11% PAT Cash Profit Net Debt Rs. 32 Cr. Rs. 47 Cr. Rs. 5 Cr. Up 17% Up 13% Note: EBITDA c
Slide 9: Management Comment
Management Comment Commenting on the Q3 & 9M FY25 performance Mr. Vijay Dewan, Managing Director said: “During Q3 FY25, ASPHL has achieved India’s highest occupancy of 91% and maintained its leadership in RevPAR in the Upper-Upscale segment. Our recently launched luxury palace hotels—The Lotus Palac
Slide 10: Key Operational Performance – Q3 & 9M FY25
Key Operational Performance – Q3 & 9M FY25 In Rs. Cr. Revenue from Operations EBITDA Margins 427 454 35.7% 35.7% 33.3% 29.4% 31.6% 142 143 160 177 142 57 63 42 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Shift (%) QoQ: 25.4% YoY: 10.9% YoY: 6.5% Shift (%) Qo
Slide 11: Operational Performance – Q3 & 9M FY25
Operational Performance – Q3 & 9M FY25 Occupancy (%) Average Room Rate (Rs.) 89% 93% 91% 92% 93% 8,387 7,700 7,244 6,888 6,821 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Shift (%) QoQ:-219 bps YoY:224 bps YoY: 125 bps Shift (%) QoQ:-21.8% YoY:8.9% YoY: 6
Slide 12: Leadership In Occupancy Across Key Cities – 9M FY 2024/25
Leadership In Occupancy Across Key Cities – 9M FY 2024/25 100% 92% 95% 91% 91% 91% 86% 84% 80% 81% 78% 75% 77% 77% 71% 72% 68% 68% New Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Vizag Indore Mumbai Industry ASPHL Note: Company Data for Occupancy, ARR and RevPAR pertains exclusively to The Pa
Slide 13: RevPar Outperformance Across Key Cities – 9M FY 2024/25
RevPar Outperformance Across Key Cities – 9M FY 2024/25 7766 7460 6436 5929 5975 6171 6038 5647 5899 5617 5567 5345 4684 4454 4273 4299 4415 3897 New Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Vizag Indore Mumbai Industry ASPHL Note: Company Data for Occupancy, ARR and RevPAR pertains exclus
Slide 14: ARR Outperformance Across Key Cities – 9M FY 2024/25
ARR Outperformance Across Key Cities – 9M FY 2024/25 8492 7840 7491 7460 6830 7023 6748 7015 6864 6966 6453 6587 6532 6240 6121 5504 5618 4957 New Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Vizag Indore Mumbai Industry ASPHL Note: Company Data for Occupancy, ARR and RevPAR pertains exclusive
Slide 15: Q3 Industry Data Growth YoY
Q3 Industry Data Growth YoY INDUSTRY ASPHL INDUSTRY ASPHL 8% 9% 12% 12% ARR REVPAR ASPHL: Owned Hotels only Source: Data as per CoSTAR. Provisional data for Dec. considered to compute Q3 numbers 15
Slide 16: Limited Addition Expected In Key Cities
Limited Addition Expected In Key Cities Expected Supply Addition 5.4% 5.2% 5.2% 4.8% 4.9% 4.2% 3.8% 3.5% 3.3% 2.8% 2.9% 2.2% 1.9% 2.0% 1.7% 1.6% 1.5% 1.5% 1.1% 1.1% 0.7% 0.5% 0.0% 0.0% Overall Mumbai Bengaluru New Delhi Hyderabad Chennai Kolkata Goa CY24 est CY25 est CY26 est Source: Lodging Econome
Slide 17: F&B Segment
F&B Segment F&B to Total Revenue (%)(1) 46% 44% 42% 44% 42% Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Strong food & beverage performance providing stability to earnings. F&B revenue stood at Rs. 197 Cr. in 9M FY25 Note 1: Includes Revenue from Flurys 17
Slide 18: Performance of Retail F&B Brand “Flurys”
Performance of Retail F&B Brand “Flurys” Asset Light Business Model Provides with Diversification, Resiliency and Scalability 23 new Launches - 100 o 8 new Flurys outlet in Mumbai 77 69 o 5 new Flurys outlet in Kolkata 59 51 52 o 2 new Flurys outlet in Bhubaneshwar 43 44 38 10 o 4 new outlet in Sili
Slide 19: Consolidated P&L Statement & Net Debt Movement
Consolidated P&L Statement & Net Debt Movement In Rs. Cr. Q-o-Q Y-o-Y Y-o-Y Q2 Q3 FY25 Q3 FY24 Change 9M FY25 9M FY24 Change Change (%) FY25 (%) (%) Revenue from Operations 177 160 10.9% 142 25.4% 454 427 6% Other Income 1 4 -69.1% 15 -93% 19 9 103% Net Debt Movement Total Income 179 164 9.2% 156 14
Slide 20: Development Update
The Park – New Delhi Development Update 20
Slide 21: Hotels
Hotels Driving Sustainable Growth through Strategic Land Use, Operational Efficiency, and Innovative Asset-Light Expansion THE Park The Park Collection Zone by The Park Under Development New Delhi Indore Kolkata Navi Mumbai Hyderabad Vizag Existing Hospitality Portfolio Future Hospitality Portfolio
Slide 22: Upcoming - Pune
Upcoming - Pune ⚫ No of Rooms - 200 ⚫ Property card (7/12) received ⚫ IOD submission drawings are in progress ⚫ Environmental Clearance application is in process. ⚫ Core & Shell tenders floated, and negotiation is in progress. ⚫ Model Room drawings are in progress. ⚫ Interior Areas design developmen
Slide 23: Upcoming - The Park Vizag
Upcoming - The Park Vizag Picture for representation ⚫ No of Rooms - 100 ⚫ Sanction drawings are in progress. ⚫ CRZ approval is in progress. ⚫ Tender level drawings received from Architect. ⚫ Core & Shell tenders floated, and cost proposal received from civil contracting companies. Estimated Complet
Slide 24: Upcoming - The Park Em Bypass, Kolkata
Upcoming - The Park Em Bypass, Kolkata Picture for representation ⚫ No of Apartments - 100 ⚫ No of Hotel Rooms - 250 ⚫ Authority approval received on proposed design scheme. ⚫ Schematic Design drawings are in progress. ⚫ Preparation of Sanction drawings in progress. ⚫ Major Design consultants are ap
Slide 25: Upcoming - Navi Mumbai
Upcoming - Navi Mumbai ⚫ No of Rooms - 250 ⚫ Schematic Design drawings are in progress ⚫ Preparation of Sanction drawings will start post approval on Schematic Design. ⚫ Major Design consultants are appointed. Estimated Completion of Hotel – March 2029 25
Slide 26: 601, The Park - Chennai
601, The Park - Chennai Renovated In December 2024 26
Slide 27: 9th Floor Rooms Renovated, The Park, New Delhi
9th Floor – 24 Rooms Renovated, The Park, New Delhi Launched In January 2025 27
Slide 28: Italia, Bangalore
Italia, Bangalore Launched In December 2024 28
Slide 29: Development Update – Flurys
DEVELOPMENT Flurys UPDATE – FLURYS OPERATIONAL LAUNCHES UNDER - DEVELOPMENT OPERATIONAL OUTLETS Tea Toom Café Kiosk Total TEA TEA CAFÉ KIOSK TOTAL CAFÉ KIOSK TOTAL Kolkata 6 25 35 66 QUARTER 1 ROOM QUARTER 4 ROOM Serampore 4 7 11 KOLKATA 1 1 2 WEST BENGAL 3 2 1 6 WEST BENGAL - TOTAL 6 29 42 77 MUMBA
Slide 30: Banjara Hills, Hyderabad
Banjara Hills, Hyderabad Now Open 30
Slide 31: Phoenix Citadel, Indore
Phoenix Citadel, Indore Now Open 31
Slide 32: Awards and Accolades – 9M 2024-25
AWARDS AND ACCOLADES – 9M 2024-25 32
Slide 33: About Us
About Us Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading player in the hospitality sector renowned for its upscale properties and diverse F&B For more information about us, please visit offerings. Since its inception in 1967, with the opening of its first property in www.theparkhotels.com
Slide 34: Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apeejay Surrendra Park Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 35: Thank You
AS =I APEEJAY PA aes ; Thank You ¥
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