Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Q1 FY2025 Earnings Presentation
33 slides from Samhi Hotels's earnings presentation, Aug 1, 2024
Slide 1: SAMHI Hotels Ltd Investor Presentation – Q1FY25
SAMHI Hotels Ltd Investor Presentation – Q1FY25 Renaissance Ahmedabad Lobby
Slide 2: Q1 FY25 Highlights
Q1 FY25 Highlights RevPAR1 Total Income ₹4,276 ₹2,568mn + 13.0% YoY + 33.5% YoY 13.0% YoY growth in RevPAR Consol. EBITDA (pre- ESOP) PAT demonstrates strong business demand across key markets ₹934mn ₹42mn +43.7% YoY Same store growth & positive impact of ACIC acquisition led to strong growth in inc
Slide 3: Levers of Growth
Levers of Growth Strong Same-store Renovation & Rebranding Actionable Growth Performance Core to our strategy pipeline 40% ~800 rooms1 10-15% addition of 327 rooms + renovation of 468 Targeted inventory growth YoY Q1FY25 EBITDAR margin rooms to boost portfolio revenues Upgradation 9% of F&B faciliti
Slide 4: Macro Dynamics
SAMHI Hotels Ltd. Macro Dynamics EQ IQ at Hyatt Regency Pune Fairfield Hyderabad All Day Dining
Slide 5: Robust commercial activity across key markets
Robust commercial activity across key markets Office market size1 (mn sq. ft.) Net Absorption2 FY24 Full Year Q1FY25 Current Upcoming Total of Total of Office space absorption for ~43 mn sqft ~9 mn sqft Q1FY25 stood at ~9 mn sqft up Bangalore 205 35 14.0 2.5 from ~6 mn sqft in Q1FY24 Hyderabad 124 4
Slide 6: Travel across key cities continue growth path
Travel across key cities continue growth path Air passenger growth continues its upward trajectory with 72 million passengers in Q1FY25 Economic growth, absorption of commercial office space and expansion of airport infrastructure to further grow travelers in India QoQ airline passenger growth (in m
Slide 7: Performance Summary
SAMHI Hotels Ltd. Performance Summary EQ IQ at Hyatt Regency Pune Fairfield Sriperumbudur All Day Dining
Slide 8: RevPARs continue upward trend
RevPARs continue upward trend Revenue +17% Segment wise RevPAR growth Contribution of the YoY (for Q1 FY25 YoY) Segment (Q1 FY25) 4,830 +13% Upper Upscale 21% YoY & Upscale 43% +20% YoY 4,276 Upper 4,248 Mid-scale 9% 43% 4,132 +16% +15% YoY 15% YoY Mid-scale 4% 3,782 3,662 3,530 Established larger b
Slide 9: Q1FY25 - Total Income and Consol. EBITDA bridge
Q1FY25 - Total Income and Consol. EBITDA bridge Total Income (₹ mn) Consol. EBITDA (pre-ESOP) (₹ mn) +31.2% +33.5% YoY +31.7% +43.7% YoY YoY YoY +7.1% +9.3% YoY YoY While RevPAR grew at ~13%, lower MICE revenue led to ~7% Total Income growth 1 1 1. Based on Same-store i.e. excludes ACIC Portfolio ac
Slide 10: Operational efficiency
Operational Q1FY25 – Bridge from Total Asset Income to Consol. EBITDA (excl. ESOP) efficiency 17.3% 9.0% ACIC Portfolio and Same Store EBITDA Margins ACIC Samestore 20.3% 37.7% 36.4% Consol. Pre- Asset EBITDA EBITDA Post-acquisition 7.5% acquisition Margin Margin 42.2% 4.8% 41.4% 1.2% 38.7% 2.1% 38.
Slide 11: Segment Performance
SAMHI Hotels Ltd. Segment Performance Hyatt Place Gurgaon All Day Dining
Slide 12: Upper Upscale & Upscale assets
Stable: Y-o-Y change of +/-200bps; Upper Upscale & Upscale assets Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps. Q1FY25 (Y-o-Y) FY24 (Y-o-Y
Slide 13: Upper Mid-scale assets
Stable: Y-o-Y change of +/-200bps; Upper Mid-scale assets Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps. Q1FY25 (Y-o-Y) FY24 (Y-o-Y) 15 hot
Slide 14: Mid-scale assets
Stable: Y-o-Y change of +/-200bps; Mid-scale assets Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps. Q1FY25 (Y-o-Y) FY24 (Y-o-Y) 11 hotels 1,
Slide 15: Growth Drivers
SAMHI Hotels Ltd. Growth Drivers Holiday Inn Express Gurgaon Great Room
Slide 16: Upcoming developments
Upcoming Management contract developments signed with Marriott Renovation & rebranding of Pune ACIC asset to Courtyard by Marriott Reduction in debt / Renovation & rebranding of Jaipur finance cost ACIC asset to Tribute Portfolio Renovation & rebranding of Hyatt Regency Pune H1FY24 H2FY24 FY25 FY26
Slide 17: Opening by Q3FY25
Opening by Q3FY25: 302 rooms, one new market by Q3 FY25, annual revenue potential of ₹250-300mn Holiday Inn Express Whitefield Holiday Inn Express Kolkata Holiday Inn Express Greater NOIDA Extension: 54 Guestrooms 111 Guestrooms 137 Guestrooms Opening Sep’24 Opening Nov’24 Opening Oct’24 17 Note: Op
Slide 18: Growth in Upper Upscale & Upscale Assets
Sheraton, Hyderabad Hyatt Regency, Pune Growth in Upper Upscale & Upscale Assets • Refurnishing of executive rooms • Better rate penetration post soft upgradation of the existing inventory and • Addition of 12 rooms (potential to go up addition of 22 apartments to 54 rooms) • Addition of a new resta
Slide 19: Rebrand-Reposition: Core to our strategy
Rebrand-Reposition: Pune Asset Current Guest Rooms Core to our strategy ACIC Pune & Jaipur Asset to be renovated and rebranded as Courtyard by Marriott & Tribute New Guest Rooms (Artist’s Impression) Portfolio by Marriott respectively Current (FY24) Post Renovation Upper Segment Mid-scale Upscale Pu
Slide 20: Summary Financials
SAMHI Hotels Ltd. Summary Financials EQ IQ at Hyatt Regency Pune Sheraton Hyderabad Reception Lobby
Slide 21: Financial summary
Financial Q1FY25 Q1FY24 Change YoY % FY24 Operating Rooms (#) 4,6641 3,839 4,6641 summary Occupancy (%) 74% 70% 73% Average Room Rate (₹) 5,669 5,197 5,718 Asset Income 2,512 1,914 31.2% 9,630 (Consolidated P&L) Asset EBITDA 947 719 31.7% 3,777 EBITDA Margin 37.7% 37.6% 39.2% Net Corporate G&A (12)
Slide 22: Financial flexibility
Financial Mar 31, 2023 Jun 30, 2023 Sept 30, 2023 Dec 31, 2023 Mar 31, 2024 Jun 30, 2024 flexibility Net Debt (₹ mn) 28,339 29,383 17,974 18,427 18,242 18,626 TTM EBITDA* (₹ mn) 3,273 3,333 3,398 3,580 3,681 3,810 8.7 8.8 13.0% Net Debt : EBITDA 12.5% 5.3 5.1 4.9 4.9 10.8% 10.3% 9.8% 9.7% Net Debt :
Slide 23: About Us
SAMHI Hotels Ltd. About Us Hyatt Place Gurgaon Courtyard by Marriott Bangalore Specialty Restaurant BGs
Slide 24: Portfolio snapshot
Portfolio snapshot #Rooms / % Upscale & Upscale 1,074 Upper 22% Hyatt Regency on Nagar Road Sheraton, Hyderabad Renaissance, Ahmedabad Courtyard, Bangalore (ORR) Hyatt Place in Udyog Vihar, Gurugram Upper Mid-scale Fairfield, Four Points, Vizag Fairfield, Bangalore (City Center) Fairfield, Bangalore
Slide 25: Portfolio of strong brands across price point
Portfolio of strong brands across price point 8 Global brands Upper Upscale / Upscale Upper Mid-scale Mid-scale 5 hotels 1,074 rooms 15 hotels 2,163 rooms 11 hotels 1,564 rooms Individually stylized hotels catering to high-end Prototypical design for efficiency and scalability; One of the most effic
Slide 26: Experienced and professional team
Experienced and professional team Sanjay Jain Gyana Das Ashish Jakhanwala Rajat Mehra Senior Director, Corporate Tanya Chakravarty EVP & Head of Chairman, MD & CEO CFO Affairs, Company Secretary General Counsel and Compliance Officer Investments ▪ Experience across ▪ Previously worked ▪ Previously w
Slide 27: Headed by a professional Board with strong corporate experience
Headed by a professional Board with strong corporate experience… Independent Directors Ashish Manav Thadani Ajish Abraham Michael David Aditya Jain Archana Capoor Krishan Dhawan Jakhanwala Non-Executive & Jacob Holland Independent Independent Independent Chairman, Non- Non-Executive & Independent Di
Slide 28: Focus on key demand drivers
Focus on key demand drivers Air Established Commercial Passengers Hospitality Office Space Market Cities with large volume of air Established organized hospitality Primary catalyst for business travel and passengers, a key demand driver for markets provide resilience against new related socio-econom
Slide 29: Historical Consolidated P&L Summary
Historical Consolidated P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 9,787 7,614 6,276 3,484 3,331 2,632 2,568 1,793 Q1’24 1,720 934 218 Q1’24 42 Q1’24 (597) (2,346) (2,999) (3,386) (4,433) (4,777) FY20 FY21 FY22 FY23 FY24 Q1'25 FY20 FY21 FY22 FY23 FY24 Q1'25 FY20
Slide 30: Historical Consolidated Quarterly P&L Summary
Historical Consolidated Quarterly P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 2,899 2,733 2,568 2,232 2,117 1,959 1,924 1,756 1,784 1,077 1,019 934 793 739 673 650 596 570 113 42 (737) (744) (837) (803) (835) (880) (1,009) Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24
Slide 31: Glossary
Operating Addition/ # Hotel Brand City Location Operator Segment Rooms Renovation Glossary 1 Hyatt RegencyTM Pune Nagar Road Hyatt Upper Upscale 301 22 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 - 3 Sheraton Hyderabad Gachibowli Marriott Upscale 272 54 4 Courtyard by Marriott Bang
Slide 32: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by SAMHI 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 securitie
Slide 33: Thank You
Thank You Company SAMHI Hotels Ltd. CIN: U55101DL2010PLC211816 Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in www.samhi.co.in Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Ms. Ami Parekh / Mr. Rahul Agarwal +91-8082466