Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q1 FY25 Earnings Presentation
26 slides from Chalet Hotels's earnings presentation, Jul 25, 2024
Slide 1: Exchange filing cover letter for investor presentation
July 25, 2024 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 Dear Sir / Madam, Subject: Inv
Slide 2: Investor Presentation Q1 FY25
INVESTOR PRESENTATION Q1 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 HIGHEST Q1 STABLE & RESILIENT REVENUE : 17% SUSTAINABLE PERFORMANCE OPERATIONAL METRICS Adj EBITDA : 14% GROWTH ✓ 7% Expected GDP growth over FY25 ✓ Strong Pipeline & diversified portfolio Strong Resilient ✓ Focused infrastructure development Macro Story Business ✓ Resilient operational eff
Slide 5: Historical Best Q1 Performance
Historical Best Q1 Performance In Mns Revenue Performance Adjusted EBITDA Performance ₹3,691 ₹3,146 ₹2,553 ₹1,483 ₹1,299 ₹1,052 Q1FY23 Q1FY24 Q1FY25 Q1FY23 Q1FY24 Q1FY25 In a quarter that witnessed unique challenges, we continued on the growth trajectory Extreme heat wave Subdued quarter for leisure
Slide 6: Chalet commits to Net Zero GHG
Chalet commits to Net Zero GHG Continued commitment to sustainability 5
Slide 7: Q1FY25 Operational Highlights
Q1FY25 OPERATIONAL HIGHLIGHTS
Slide 8: Financial Highlights Q1FY25
Financial Highlights Q1FY25 YoY Growth % CONSOLIDATED HOSPITALITY ₹ 3,691 Mn 17% ₹ 3,255 Mn 15% Revenue ₹ 1,483 Mn ₹ 1,341 Mn 12% 14% Adjusted EBITDA 40.2% 1.1 pp 41.2% 1.3 pp Adj EBITDA Margin ₹ 777 Mn 109% PBT All adjustments detailed in Slide 12 7
Slide 9: Hospitality Revenue breakup
Hospitality Revenue breakup In Rs. Mn. Room Q1FY24 1,747 865 2,822 F&B Other Q1FY25 2,004 1,039 3,255 15% Total Revenue Mix Guest Profile Q1FY25 5% 4% Diversification from 30% 35% 13% 64% to 59% YoY 59% 19% 70% 65% Q1FY24 Q1FY25 MMR Hyderabad Bengaluru Pune/Lonavala NCR Domestic Guests Foreign Guest
Slide 10: Hospitality Performance
Hospitality Performance Portfolio level Q1FY25 Q1FY24 YoY% Same store YoY% ADR (Rs.) MMR 10,530 10,826 -3% -3% Others* 10,339 9,555 8% 8% Combined 10,446 10,317 1% 1% Occupancy (%) MMR 78.0% 73.7% 430 bp 430 bp Others* 62.7% 64.3% -158 bp -77 bp Combined 70.5% 69.6% 85 bp 191 bp RevPAR (Rs.) MMR 8,2
Slide 11: Hospitality: Retained Efficiencies
Hospitality: Retained Efficiencies Total expenses % of Revenue 59.6% 58.8% Q1FY24 Q1FY25 Staff to room ratio* Utilities % of Revenue Payroll Costs % of Revenue 0.96 14.8% 6.4% 6.5% 13.4% 0.94 Jun-23 Jun-24 Q1FY24 Q1FY25 Q1FY24 Q1FY25 *Includes full time and contractual employee 10
Slide 12: Rental & Annuity: Performance Highlights
Rental & Annuity: Performance Highlights Msf. (Rs. Mn.) Q1FY25 FY24 2.4 2.4 Total Revenue 355 1,241 EBITDA 264 988 * 1.1 1.2 EBITDA% 74% 80% New towers under leasing Mar' 24 Jun' 24 Leasable Area Leased Area Artists’ rendering Artists’ rendering CIGNUS Powai® Tower I CIGNUS Whitefield Bengaluru® 0.9
Slide 13: Profit & Loss Statement
Profit & Loss Statement Particulars (in Rs. Mn) Q1FY25 Q1FY24 YoY% Q4FY24 QoQ% FY24 Total Income 3,691 3,146 17.3% 4,244 -13.0% 14,370 Total Expenditure 2,208 2,010 9.9% 2,354 -6.2% 8,327 EBITDA 1,483 1,136 30.5% 1,890 -21.5% 6,044 Margin % 40.2% 36.1% 4.1 pp 44.5% -4.3 pp 42.1% Adjusted EBITDA 1,48
Slide 14: Leverage Position
Leverage Position in Rs. Mn 30 Jun 24 Mar-24 Mar-23 Mar-19 Mar-18 Allocable to operating assets 319 11,486 11,768 13,572 23,323 Allocable to under-construction/to be ~15,000 ~13,600 ~12,600 ~900 ~3,700 operationalized assets Capital productivity Net Debt 15,319# 25,086 24,368 14,472 27,023 Optimal l
Slide 15: Project Updates
PROJECT UPDATES
Slide 16: Strong Pipeline
Strong Pipeline New Rooms/ Leasable Location Completion update area The Dukes Retreat Renovation & Expansion Opening Phase 1 in August’24 65 New Lonavala Existing rooms – 80 Phase 2 - Q3 FY25 Bengaluru Marriott Hotel Whitefield Expansion 125-130 rooms Bengaluru Q3 FY25 Existing rooms – 391 Taj at De
Slide 17: Real-estate Development in Bengaluru
Real-estate Development in Bengaluru No. of Avg Sale Price As of June 2024 (Msf) Units (Rs. psf) Residential (A+B+C+D) 0.85 321 A Historical sales 0.28 83 7,672 New Sales (B+C) 0.33 138 19,193 B Sold in FY24 0.29 121 18,839 C New sales Q1FY25 0.04 17 21,548 D Unsold 0.25 100 Commercial 0.15 9 2 1 Re
Slide 18: About Chalet
ABOUT CHALET
Slide 19: Hospitality: Existing Portfolio
Hospitality: Existing Portfolio 3,052 Operational 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 PUNE LONAVALA NCR Novotel Pune Nagar Road 311 Key
Slide 20: Rental & Annuity: Existing Portfolio
Rental & Annuity: Existing Portfolio MUMBAI BENGALURU The Orb - Retail & Office Tower CIGNUS Powai® Tower I CIGNUS Whitefield Bengaluru® Tower I 0.5 Mn Sq. ft. 0.9 Mn Sq. ft. 0.7 Mn Sq. ft. Leasing commenced, CIGNUS Whitefield Bengaluru® Tower II handover soon to start 0.3 msf 19
Slide 21: Upcoming New Projects
Upcoming New Projects MUMBAI DELHI Taj at Delhi International Airport CIGNUS Powai® Tower II Hyatt Regency at Airoli 385-390 rooms 0.9 msf ~280 rooms Artist’s renderings 20
Slide 22: Our Sustainability story
Our Sustainability story DJSI SCORE ENERGY MANAGEMENT WATER & WASTE MANAGEMENT E Mobility Corporate Sustainability Assessment Wet waste treated through 100% 57 61% Organic Waste Composters Placed 8th in the world Renewable energy Operational assets have EV charging Recycling of wastewater among cate
Slide 23: Climate Change Actions
Climate Change Actions Company has signed up for all the three initiatives of The Climate Group The Company sourced 61% of The Company is All our operational assets are its electricity from renewable strategically investing in equipped with EV charging sources till March 2024 to technology and IoT-
Slide 24: Profit & Loss Statement – 5 Year trend
Profit & Loss Statement – 5 Year trend Particulars (Consolidated) (in Rs. Mn) FY24 FY23 FY22 FY21 FY20 FY19 ADR 10,718 9,169 4,576 4,040 8,482 8,210 Occupancy 73% 72% 51% 30% 71% 77% RevPAR 7,776 6,605 2,355 1,214 6,022 6,283 Total Income 14,370 11,780 5,297 3,075 10,087 10,348 Total Expenditure 8,3
Slide 25: Balance Sheet – 5 Year trend
Balance Sheet – 5 Year trend Particulars (in Rs. Mn) FY24 FY23 FY22 FY21 FY20 FY19 Inventory Hotels 10 8 7 7 7 6 Rooms 3,052 2,634 2,554 2,554 2,554 2,311 Capital Employed 38,368 38,531 35,821 32,276 32,816 28,348 Investments# 6,596 5,985 3,489 1,433 3,277 656 Net Worth 18,509 15,415 13,410 14,329 1
Slide 26: 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 Shuchi Aggarwal Shuchi.aggarwal@chalethotels.com investorrelations@chalethotels.com