Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q4 FY25 Earnings Presentation
32 slides from Chalet Hotels's earnings presentation, May 12, 2025
Slide 1: Cover letter to stock exchanges
May 12, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 (Equity Shares) 976529 (Non-Con
Slide 2: Investor Presentation Q4 FY25
INVESTOR PRESENTATION Q4 FY25
Slide 3: Safe Harbor
Safe Harbor This release has been prepared by Chalet Hotels Limited (CHL) and the information on which it has been based has been derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given are fair and
Slide 4: Overview
Overview BEST EVER ROBUST REVENUE : 27% SUSTAINABLE & QUARTER OPERATIONAL METRICS EBITDA : 36% DIVERSIFIED GROWTH ✓ Strong Pipeline & diversified portfolio ✓ 6.3% expected GDP growth in FY261 Strong Resilient Business ✓ Resilient operational efficiency ✓ Rooms demand to outpace supply* Macro Story ✓
Slide 5: New Acquisition – The Westin Resort & Spa, Himalayas
New Acquisition – The Westin Resort & Spa, Himalayas Expanding our luxury portfolio with a high-impact asset addition, aligned with our long-term growth strategy Luxury 141 key luxury wellness resort Wellness Retreat Enterprise Value: INR 5.3 billion Major Leisure Strategic Destination Positioning F
Slide 6: 2nd Luxury Beachfront Resort in Goa
2nd Luxury Beachfront Resort in Goa Board approval received for entering into a binding term sheet for the acquisition of land under an SPV GOA Luxury Resort in Enterprise Value: Bambolim, North Goa INR 1.4 bn ~170 keys 15 Acres of Beach Front Land *Artist Renderings
Slide 7: Q4FY25 Operational Highlights
Q4FY25 OPERATIONAL HIGHLIGHTS
Slide 8: Consolidated Performance Highlights: Q4FY25
Consolidated Performance Highlights: Q4FY25 Best quarter ever – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin (%) 3.3 27% 36% 47.8% pp 5,374 2,569 4,645 45.5% 2,114 44.5% 4,244 1,890 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 YoY 7
Slide 9: Consolidated Performance Highlights: FY25
Consolidated Performance Highlights: FY25 Fiscal Year 2025 – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin (%) 1.9 22% 28% pp 17,541 7,722 44.0% 14,370 6,044 43.0% 42.1% 11,780 5,023 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 YoY 8
Slide 10: Hospitality Performance Highlights: Q4FY25
Hospitality Performance Highlights: Q4FY25 Best quarter ever – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin Q4FY25 like for like Margin 70 20% 22% at 50.0% (up 1.4 pp)# bps 48.5% 4,598 47.8% 2,228 3,830 1,263 1,832 1,190 3,021 2,379 Q4FY24 Q4FY25 Room F&B Other Tot
Slide 11: Hospitality Performance Highlights: FY25
Hospitality Performance Highlights: FY25 Fiscal Year 2025 – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin FY25 like for like Margin at 33 18% 19% 46.1% (up 90 bps)# bps 15,209 6,804 44.4% 44.7% 12,930 1,034 928 5,742 4,545 4,009 9,630 7,993 FY24 FY25 Room F&B Other
Slide 12: Hospitality: Geography wise
Hospitality: Geography wise Same store* Portfolio level Q4FY25 Q4FY24 YoY% FY25 FY24 YoY% YoY% ADR (Rs.) MMR 14,122 12,173 16% 16% 12,032 11,121 8% Others 14,570 11,474 27% 24% 12,163 10,188 19% Combined 14,345 11,862 21% 19% 12,094 10,718 13% Occupancy (%) MMR 80% 81% -1 pp -1 pp 77% 77% 0 pp Other
Slide 13: Hospitality: Geography wise
Hospitality: Geography wise Q4FY25 Geography wise movement % Occupancy Change ADR Change 16% 36% 30% 8% 24% 18% 12% 0% 6% 0% -8% MMR Pune Hyderabad Bangalore MMR Pune Hyderabad Bangalore Revenue Mix Q4FY25 FY25 5% 3% 5% 5% 5% 1% 1. Overall Portfolio RevPAR 13% 13% growth for Q4FY25 jumps to 21% led
Slide 14: Hospitality: Business segment wise
Hospitality: Business segment wise Portfolio level Q4FY25 Q4FY24 YoY% FY25 FY24 YoY% ADR (Rs.) Business Hotels 14,158 11,870 19% 11,972 10,751 11% Segment Mix Resorts 17,259 11,432 51% 14,756 9,342 58% FY25 In Rs. Mn. Combined 14,345 11,862 21% 12,094 10,718 13% 6% Occupancy (%) Business Hotels 79%
Slide 15: Hospitality: Business segment wise, FY25
Hospitality: Business segment wise, FY25 Channel Mix (%) – FY25 Segmentation (%) – FY25 14% 19% 8% 0% 19% 0% 25% 10% 52% 10% 70% 73% 51% 48% Business Hotels Resorts Business Hotels Resorts Direct (Property, Voice, Others) e-channel (OTA) Transient Groups Contract Global Distribution System Brand web
Slide 16: Hospitality: Strong Operating Efficiencies
Hospitality: Strong Operating Efficiencies Total expenses % of Revenue 55.6% 55.3% 52.2% 51.5% Q4FY24 Q4FY25 FY24 FY25 Staff to room ratio* Utilities % of Revenue Payroll Costs % of Revenue 1.01 5.2% 5.1% 13.2% 12.8% 0.93 11.9% 11.7% 4.1% 4.2% Mar-24 Mar-25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24
Slide 17: Rental & Annuity: Performance Highlights
Rental & Annuity: Performance Highlights Particulars Sahar Powai Bengaluru Total (Rs. Mn.) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Leasable Space (Sq Ft in Mn) 0.5 0.9 1.0 2.4 Total Revenue 619 354 75% 1,970 1,241 59% Leased Space (Sq Ft in Mn) 0.5 0.5 0.7 1.7 EBITDA 498 272 83% 1,540 988 56% Occupancy (%)
Slide 18: Real-estate Development in Bengaluru
Real-estate Development in Bengaluru No. of Avg Sale Price As of FY25 (Msf) Units (Rs. psf) Residential (1+2+3) 0.86 321 1 Historical sales 0.28 83 ~7,700 2 New Sales (A+B+C) 0.52 211 ~19,900 A FY24 0.29 188 ~18,800 B 9M FY25 0.16 67 ~21,700 C Q4FY25 0.06 23 ~19,800 3 Unsold 0.06 27 Commercial 0.15
Slide 19: Profit & Loss Statement
Profit & Loss Statement Particulars (in Rs. Mn) Q4FY25 Q3FY25 QoQ% Q4FY24 YoY% FY25 FY24 YoY% Total Income 5,374 4,645 16% 4,244 27% 17,541 14,370 22% Total Expenditure 2,805 2,531 11% 2,354 19% 9,819 8,327 18% EBITDA 2,569 2,114 22% 1,890 36% 7,722 6,044 28% Margin % 47.8% 45.5% 2.3 pp 44.5% 3.3 pp
Slide 20: Leverage Position
Leverage Position in Rs. Mn Mar-25 Mar-24 Mar-23 Mar-19 Mar-18 Allocable to operating assets 13,139 11,486 11,768 13,572 23,323 Allocable to under-construction/to be 6,771 ~13,600 ~12,600 ~900 ~3,700 operationalized assets Capital productivity Net Debt 19,909 25,086 24,368 14,472 27,023 Optimal leve
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (in Rs. Mn) Mar 25 Mar 24 Fixed Assets 30,908 24,464 Investment Properties 19,984 18,447 Capital Work in Progress 1,832 369 (Inc Investment Property under construction) Right of use asset 395 460 Goodwill 817 686 Other Non-Current assets 5048 4,248 Cash and Cas
Slide 22: Project Updates
PROJECT UPDATES
Slide 23: Strong Pipeline
Strong Pipeline Under construction New Rooms/ Leasable area Location Completion update The Dukes Retreat Renovation & Expansion Phase 1 opened in August’24 67 Khandala Original inventory – 80 Phase 2 – H1 FY26 Taj at Delhi International Airport 385-390 rooms New Delhi H1 FY27 New Hotel at Varca, Goa
Slide 24: Hospitality Pipeline
Hospitality Pipeline 4,564 Keys 3,964 Keys ~1,250 3,774 Keys Rooms 3,389 Keys 3,314 Keys May 25 FY26E FY27E FY28E + 67 Keys + 385 Keys + 190 Keys +600 Keys 67 Keys ~385-390 Keys ~190 keys ~280 Keys The Dukes Retreat ‘Taj’ at Terminal 3, Delhi Upper-upscale hotel in ‘Hyatt Regency’, Airoli, MMR Airpo
Slide 25: About Chalet
ABOUT CHALET
Slide 26: Hospitality: Existing Portfolio
Hospitality: Existing Portfolio 3,314 Keys MUMBAI JW Marriott Mumbai Sahar The Westin Mumbai Powai Lake Lakeside Chalet, Mumbai - Four Points By Sheraton Navi 588 Keys 604 Keys Marriott Executive Apartments Mumbai, Vashi 173 Keys 152 Keys NATIONAL PUNE KHANDALA CAPITAL REGION Novotel Pune Nagar Road
Slide 27: Rental & Annuity: Existing Portfolio
Rental & Annuity: Existing Portfolio MUMBAI BENGALURU The Orb - Retail & Office Tower CIGNUS Powai® Tower I CIGNUS Whitefield Bengaluru® Complex 0.5 Mn Sq. ft. 0.9 Mn Sq. ft. 1 Mn Sq. ft. 26
Slide 28: Our Sustainability Story
Our Sustainability Story DJSI SCORE ENERGY MANAGEMENT WATER & WASTE MANAGEMENT E Mobility Corporate Sustainability Assessment Wet waste treated through 100% 67 60% organic waste composters Renewable energy Operational assets have EV charging Placed 6th in the world FY25 Recycling of wastewater stati
Slide 29: Climate Change Actions
Climate Change Actions Initiative RE100 (Renewable Energy): EP100 (Energy Productivity): EV100 (Electric Vehicles): Move to 100% renewable Double energy productivity Move entire fleet to EVs for energy by 2030 (revenue per unit of electricity guest transportation by 2025 consumed) by 2028 The Compan
Slide 30: Profit & Loss Statement – 7 Year trend
Profit & Loss Statement – 7 Year trend Particulars (Consolidated) (in Rs. Mn) FY25 FY24 FY23 FY22 FY21 FY20 FY19 ADR 12,094 10,718 9,169 4,576 4,040 8,482 8,210 Occupancy 73% 73% 72% 51% 30% 71% 77% RevPAR 8,781 7,776 6,605 2,355 1,214 6,022 6,283 Total Income 17,541 14,370 11,780 5,297 3,075 10,087
Slide 31: Balance Sheet – 7 Year trend
Balance Sheet – 7 Year trend Particulars (in Rs. Mn) FY25 FY24 FY23 FY22 FY21 FY20 FY19 Inventory Hotels 11 10 8 7 7 7 6 Rooms 3,193 3,052 2,634 2,554 2,554 2,554 2,311 Capital Employed 48,596 38,368 38,531 35,821 32,276 32,816 28,348 Investments# 11,409 6,596 5,985 3,489 1,433 3,277 656 Net Worth 3
Slide 32: Thank You
Chalet Hotels Limited Thank You Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 Investor Relations Contact: Ruchi Rudra ruchi.rudra@chalethotels.com Abhyjeet Bhansali abhyjeet.Bhansali@chalethotels.com investorrelations@chalethotels.com