Apeejay Surrendra Park Hotels Ltd. · NSE:PARKHOTELS
Apeejay Surrendra Park Hotels — Q1 FY25 Earnings Presentation
28 slides from Apeejay Surrendra Park Hotels's earnings presentation, August 2024
Slide 1: Q1 FY25 Results Presentation
Apeejay Surrendra Park Hotels Limited Q1 FY25 Results Presentation
Slide 2: Table of Content
Table of Content Q1 FY25 Results Overview _______________________________________________________ 03 Key Highlights ______________________________________________________________ 04 Management Comment_____________________________________________________ 05 Key Financial Highlights – Q1 FY25 Financia
Slide 3: Q1 FY25 Results Overview
Q1 FY25 Results Overview 3
Slide 4: Operational & Financial Highlights – Q1 FY25 vs. Q1 FY24
Q1 FY25 Operational & Financial Highlights – Q1 FY25 vs. Q1 FY24 Normalized EBIDTA at Rs. 43 Cr, Highest Ever Q1 Topline PBT at Rs. 25 Cr 31% Margin 6% YoY Growth 102% YoY Growth 7% YoY Growth Credit Rating Upgraded by 3 Notches Flurys Business India's Highest Occupancy at 94%, 17% YoY Growth Market
Slide 5: Management Comment
Management Comment Commenting on the Q1 FY25 performance Mr. Vijay Dewan, Managing Director said: “We continue to outperform the market in the upper up-scale segment with industry leading occupancy and RevPAR. During this quarter EBIDTA has grown despite transient headwinds on account of lower air t
Slide 6: Key Financial Highlights – Q1 FY25 Financials
Key Financial Highlights – Q1 FY25 Financials In Rs. Cr. Total Income Normalized EBITDA Margins 138 31% 31% 131 40 43 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Shift (%) YoY: 5.7% Shift (%) YoY: 7% Normalized PAT Margins • Revenue growth tempered on account of external pressures, reflecting cautious senti
Slide 7: Operational Performance – Q1 FY25
Operational Performance – Q1 FY25 Occupancy (%) Average Room Rate (Rs.) 93% 94% 6,246 6,473 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Shift (%) YoY:19 bps Shift (%) YoY: 3.6% RevPAR (Rs.) 5,830 6,053 High Occupancy levels at the Company’s owned hotels have largely enabled steady RevPAR performance Q1 FY24
Slide 8: Leadership in the Upscale & Upper Midscale Segments
4,450 New Delhi 5,944 4,269 Bangalore 6,124 5,237 Chennai 5,798 3,785 Kolkata 6,611 4,785 Hyderabad 5,533 RevPAR (Rs.) 71.0 3,683 New Delhi Indore 92.7 4,207 72.0 5,575 Bangalore Navi Mumbai 92.8 5,397 81.2 3,972 Chennai Goa 95.3 5,456 75.3 3,746 Kolkata Visakhapatnam 100.0 5,418 74.5 Hyderabad 92.2
Slide 9: F&B Segment
F&B Segment F&B to Total Revenue (%)(1) 44% 42% Q1 FY24 Q1 FY25 Strong food & beverage performance providing stability to earnings. F&B revenue maintained at Rs. 58 Cr. Note 1: Includes Revenue from Flurys 9
Slide 10: Performance of Retail F&B Brand “Flurys”
Performance of Retail F&B Brand “Flurys” Asset Light Business Model Provides with Diversification, Resiliency and Scalability 86 69 10 new Launches - o 4 new Flurys outlet in Mumbai o 2 new Flurys outlet in Kolkata o 2 new Flurys outlet in Bhubaneshwar o 2 new outlet in Siliguri On July 24, 2024, Fl
Slide 11: Segment-Wise Revenue Mix (%)
Segment-Wise Revenue Mix (%) Q1 FY24 Q1 FY25 5% 7% 2% 2% 49% 49% 44% 42% 11
Slide 12: Consolidated P&L Statement & Net Debt Movement
Consolidated P&L Statement & Net Debt Movement Y-o-Y In Rs. Cr. Q1 FY25 Q1 FY24 Change (%) Total Income 138 131 5.7% Total Expenses 97 91 6.3% Prudent Capital Allocation coupled with IPO has strengthened Balance sheet allowing Headroom for Growth Normalized EBITDA1 (pre-ESOP) 43 40 7.0% 1 Normalized
Slide 13: Development Update
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Slide 14: Hotels
Hotels Driving Sustainable Growth through Strategic Land Use, Operational Efficiency, and Innovative Asset-Light Expansion THE Park HOTELS - OPERATIONAL HOTELS - UNDERDEVELOPMENT The Park Collection BRANDS # HOTELS # KEYS BRANDS # HOTELS # KEYS Zone by The Park THE PARK 8 1,201 THE PARK 6 915 THE PA
Slide 15: Development Update – Upcoming Projects
Development Update – Upcoming Projects 15
Slide 16: Upcoming – The Palace Chettinad
Upcoming – The Palace Chettinad No of Hotel Rooms 15 APPOINTED ARCHITECT Inaugural Puja on August 17th, 2024 Opening: September First Week 2024 16
Slide 17: Upcoming – Ran Baas Palace Patiala
Upcoming – Ran Baas Palace Patiala Picture for representation No of Hotel Rooms 35 APPOINTED ARCHITECT Launch October 2024 17
Slide 18: Upcoming – The Park Pune
Upcoming – The Park Pune Picture for representation No of Hotel Rooms 200 APPOINTED ARCHITECT James Soane Estimated Start Estimated of Construction Completion of Hotel December 2024 December 2027 18
Slide 19: Upcoming – The Park Vizag
Upcoming – The Park Vizag Picture for representation No of Additional Rooms 100 APPOINTED ARCHITECT CRZ Permission In progress Estimated Start Estimated of Construction Commencement of March 2025 Hotel April 2028 Additional Banqueting, Restaurant, Bar, Spa & Pool 19
Slide 20: Upcoming – The Park Em Bypass, Kolkata
Upcoming – The Park Em Bypass, Kolkata Picture for representation No of Hotel Rooms 250 No of Apartments 100 APPOINTED ARCHITECT SINGAPORE Estimated Estimated Completion Completion of of Hotel Residential Project: March 2029 March 2028 Picture for representation 20
Slide 21: Upcoming – The Park New Delhi
Upcoming – The Park New Delhi Picture for representation No of Hotel Rooms & 20 Suites APPOINTED ARCHITECT Project Start: Project End: April 2024 October 2024 Picture for representation 21
Slide 22: Upcoming – 601, The Park Chennai
Upcoming – 601, The Park Chennai Picture for representation APPOINTED ARCHITECT Opening: October 2024 22
Slide 23: Development Update – Flurys
DEVELOPMENT Flurys UPDATE – FLURYS OPERATIONAL LAUNCHES UNDER - DEVELOPMENT CITIES Tea Toom Café Kiosk Total FLURY - UNDER DEVELOPMENT FLURY – LAUNCHES Upto Aug 24 Kolkata 5 21 35 61 Serampore - 1 - 1 TEA TEA CAFÉ KIOSK TOTAL CAFÉ KIOSK TOTAL Durgapur - - 3 3 QUARTER 1 ROOM QUARTER 2 ROOM Chandannag
Slide 24: Now Open - Flurys, Gateway of India
Now Open - Flurys, Gateway of India Gateway of India Gateway of India 24
Slide 25: Awards and Accolades – Q1 2024-25
AWARDS AND ACCOLADES – Q1 2024-25 Picture for representation Aish, THE Park Hyderabad was Aqua, THE Park Navi Mumbai was i-Bar, THE Park Bangalore was awarded Dusk, THE Park Navi Mumbai was THE Park Calangute Goa and THE Park awarded IHC London & IIHM awarded at the Times Food & in the category Nigh
Slide 26: About Us
About Us Apeejay Surrendra Park Hotels Limited (ASPHL) is a leading player in the For more information about us, please visit hospitality sector renowned for its upscale properties and diverse F&B www.theparkhotels.com or contact: offerings. Since its inception in 1967, with the opening of its first
Slide 27: 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 28: Thank You
‘35 Pa eet Thank You
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