Apeejay Surrendra Park Hotels Ltd. · NSE:PARKHOTELS
Apeejay Surrendra Park Hotels — Q2 FY25 Earnings Presentation
32 slides from Apeejay Surrendra Park Hotels's earnings presentation, Nov 12, 2024
Slide 1: Exchange filing cover letter
APEEJAY SURRENDRA PARK HOTELS LIMITED Date: November 12, 2024 Listing Manager, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor Plot 1st Floor, New Trading Ring Rotunda Building, No. C-1, Block G, Bandra Kurla Complex, Phiroze Jeejeebho
Slide 2: Q2 & H1 FY25 Results Presentation
Apeejay Surrendra Park Hotels Limited Q2 & H1 FY25 Results Presentation November 12, 2024
Slide 3: Table of Content
Table of Content Q2 & H1FY25 Results Overview 03 Key Highlights 04 Management Comment 06 Key Financial Highlights – Q2 & H1 FY25 Financials 07 Operational Performance – Q2 & H1 FY25 Financials 08 Indian Hospitality Industry - ______________________________________ 09 Leadership in the Upscale & Uppe
Slide 4: Q2 & H1 FY25 Results Overview
The Park - Hyderabad Q2 & H1 FY25 Results Overview 3
Slide 5: Operational & Financial Highlights – Q2 FY25 vs. Q2 FY24
Q2 FY25 Operational & Financial Highlights – Q2 FY25 vs. Q2 FY24 PBT at Rs. 39 Cr Normalized EBIDTA at Rs. 57 Cr, 82% YoY Growth Highest Ever Q2 Topline 37% Margin 10% YoY Growth PAT at Rs. 27 Cr 11% YoY Growth 80% YoY Growth India's Highest Occupancy at Flurys Business THE Park Chennai 93% THE Park
Slide 6: THE Lotus Palace, Chettinad – Now Open
THE Lotus Palace, Chettinad – Now Open 5
Slide 7: Management Comment
Management Comment Commenting on the Q2 & H1 FY25 performance Mr. Vijay Dewan, Managing Director said: “Q2 has been a remarkable quarter for us with profit after tax up 80 percent year-on-year basis. We recorded the country’s highest occupancy of 93 percent during the quarter while maintaining our l
Slide 8: Key Financial Highlights – Q2 & H1 FY25 Financials
Key Financial Highlights – Q2 & H1 FY25 Financials In Rs. Cr. Total Income Normalized EBITDA Margins 36.4% 36.7% 33.6% 34.0% 295 272 100 91 141 156 57 51 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Shift (%) YoY: 10.5% YoY: 8.2% Shift (%) YoY: 11.3% YoY: 9.4% Normalized P
Slide 9: Operational Performance – Q2 & H1 FY25
Operational Performance – Q2 & H1 FY25 Occupancy (%) Average Room Rate (Rs.) 92% 93% 93% 94% 6,888 6,547 6,435 6,680 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Shift (%) YoY:131 bps YoY: 75 bps Shift (%) YoY: 5.2% YoY: 3.8% RevPAR (Rs.) 6,440 6,247 6,036 5,969 High occupanc
Slide 10: Indian hotel sector performance – Q2 FY 2024/25
Indian hotel sector performance – Q2 FY 2024/25 Q2 FY 2023 DOMESTIC AIR ARR TREND TRAFFIC MOVEMENT ARR change over Q2 FY2024 Markets INDIAN MARKET OWNED HOTELS ARR 7,000 - 7,200 4–6% New Delhi 0-2% -2% Goa 1-3% Mumbai 13-15% 11% Bengaluru 5-7% 3% Chennai 9-11% 4% Occupancy 61 - 63% 0 – 2 pp Pune 6-8
Slide 11: Demand Drivers - Remain Intact For Sustained Double-digit Growth
Demand Drivers - Remain Intact For Sustained Double-digit Growth India to become third largest Per capita income increase leading to 80 to 100 economy by 2027 discretionary spending boom New Airports by 2030 5.00 220 - 5242 3.97 149 250 2730 2023 2027 2024 2031 2023 2030 (Trillion $) (USD) No. of Ai
Slide 12: Hospitality Industry Upcycle To Be Long and Sustained
Hospitality Industry Upcycle To Be Long and Sustained DEMAND SUPPLY MISMATCH 2015 - 23 2024 - 27 13.3% 11.5% 10.6% 9.2% 12% 8% 10% 5% All India Top 8 cities Key Leisure Markets Others Source: Horwath HTL Top 8 Cities : Delhi NCR, Mumbai, Bengaluru, Kolkata, Chennai, Hyderabad, Ahmedabad & Pune Key L
Slide 13: India’s leading occupancy across key growth markets
India’s leading occupancy across key growth markets 100% 94% 94% 93% 91% 90% 86% 85% 78% 78% 81% 77% 77% 72% 70% 71% 68% 63% Kolkata Chennai Navi Mumbai Delhi Bengaluru Hyderabad Vizag Goa Indore Industry ASPHL Note: Source: CoStar; Company Data for Occupancy, ARR and RevPAR pertains exclusively to
Slide 14: Market leading RevPAR in upper-upscale segment
Market leading RevPAR in upper-upscale segment 7263 6766 6870 6241 6178 5964 5352 5505 5269 51665228 4622 4764 3917 4040 4098 3460 3588 New Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Vizag Indore Mumbai Industry ASPHL Note: Source: CoStar; Company Data for Occupancy, ARR and RevPAR pertains
Slide 15: ARR outperformance across key cities
ARR outperformance across key cities 7751 6854 6921 6623 6766 6727 6462 6767 6671 6388 6597 6192 6019 5464 5515 5747 5091 4652 New Delhi Chennai Kolkata Hyderabad Bengaluru Goa Navi Vizag Indore Mumbai Industry ASPHL Note: Source: CoStar; Company Data for Occupancy, ARR and RevPAR pertains exclusive
Slide 16: F&B Segment
F&B Segment F&B to Total Revenue (%)(1) 44% 42% 42% 40% Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Strong food & beverage performance providing stability to earnings. F&B revenue stood at Rs. 118 Cr. In H1 FY25 Note 1: Includes Revenue from Flurys 15
Slide 17: Performance of Retail F&B Brand “Flurys”
Performance of Retail F&B Brand “Flurys” Asset Light Business Model Provides with Diversification, Resiliency and Scalability 18 new Launches - o 8 new Flurys outlet in Mumbai o 4 new Flurys outlet in Kolkata o 2 new Flurys outlet in Bhubaneshwar o 3 new Flurys outlet in Siliguri o 1 new Flurys outl
Slide 18: Consolidated P&L Statement & Net Debt Movement
Consolidated P&L Statement & Net Debt Movement In Rs. Cr. Y-o-Y Y-o-Y Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Change (%) Change (%) Total Income 156 141 10.5% 295 272 8.2% Total Expenses 99 90 10.0% 194 181 7.5% Normalized EBITDA1 (pre-ESOP) 57 51 11.3% 100 91 9.4% Normalized EBITDA1 (pre-ESOP) Margin (%) 3
Slide 19: Development Update
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Slide 20: 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 THE PARK 8 1,201 THE PARK 7 995 Zone by The Park THE PA
Slide 21: Now open – Ran Baas The Palace, Patiala
Now open – Ran Baas The Palace, Patiala Picture for representation No of Hotel Rooms 35 APPOINTED ARCHITECT 25 Room Launched November 2024 20
Slide 22: 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 January 2024 April 2027 21
Slide 23: 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 October 2027 Additional Banqueting, Restaurant, Bar, Spa & Pool 22
Slide 24: 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 of Completion of Hotel Residential Project: April 2028 April 2028 Picture for representation 23
Slide 25: Upcoming – The Park New Delhi
Upcoming – The Park New Delhi Picture for representation No of Hotel Rooms & 24 Suites APPOINTED ARCHITECT Ready to Launch Picture for representation 24
Slide 26: Upcoming – 601, The Park Chennai
Upcoming – 601, The Park Chennai Picture for representation APPOINTED ARCHITECT Ready to Launch 25
Slide 27: Development Update – Flurys
DEVELOPMENT Flurys UPDATE – FLURYS OPERATIONAL LAUNCHES UNDER - DEVELOPMENT CITIES Tea Toom Café Kiosk Total TEA TEA CAFÉ KIOSK TOTAL CAFÉ KIOSK TOTAL Kolkata 6 23 35 64 QUARTER 1 ROOM QUARTER 3 ROOM Serampore 1 1 KOLKATA 1 1 2 WEST BENGAL 1 1 1 3 1 1 2 4 HYDERABAD 1 2 2 5 Durgapur 3 3 MUMBAI INDORE
Slide 28: Flurys New Openings
Flurys New Openings Sea Palace Colaba, Mumbai OWCGateway Parel,ofMumbai India Gateway of India Causeway Colaba, Mumbai 27
Slide 29: Awards and Accolades – H1 2024-25
AWARDS AND ACCOLADES – H1 2024-25 Q1 FY 24/25 Aish, THE Park Hyderabad was awarded IHC Aqua, THE Park Navi Mumbai was i-Bar, THE Park Bangalore was awarded in Dusk, THE Park Navi Mumbai was awarded THE Park Calangute Goa and THE Park New London & IIHM Hospitality Honours list awarded at the Times Fo
Slide 30: 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 31: 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 32: Thank You
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