Juniper Hotels Limited · NSE:JUNIPER
Juniper Hotels — Q4 FY2024 Earnings Presentation
23 slides from Juniper Hotels's earnings presentation, May 27, 2024
Slide 1: Stock exchange intimation letter: Result Analysis
JHL/SJ/2024/21 May 27, 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 Symbol: JUNIPER Scrip Code: 544129 Subject: Result
Slide 2: Q4FY24 Result Analysis
Q4FY24 Result Analysis
Slide 3: Key Highlights FY24
Key Highlights → FY24 ❖Revenue from operations grew by ₹1,508 Mn in FY24 (i.e. 23% YoY) ❖Year of highest revenue ❖Raised ₹ 18,000 Mn of growth capital through IPO on 28th February 2024 ❖Balance sheet transformation by paring down debt (₹ 14,042 Mn) (Net bank debt to EBITDA: 5.7x → 0.7x) (Net Debt to
Slide 4: Juniper Hotels – An Overview
Juniper Hotels – An Overview Business Snapshot Footprint1 Scale Andaz Delhi 7 INR 8,263 mn Operating Hotels FY24 Total Income Hyatt Delhi Residences Hyatt Regency Ahmedabad 1,895 INR 3,197 mn Number of Keys FY24 EBITDA Hyatt Regency Lucknow 1.27 lakh sq. ft 39% MICE Area FY24 EBITDA Margin % Hyatt R
Slide 5: Hotels and F&B Portfolio
Hotels and F&B Portfolio Hotels present across luxury, upper upscale and upscale categories Grand Hyatt Mumbai Hyatt Delhi Hyatt Regency Hyatt Regency Hyatt Place Andaz Delhi Hyatt Raipur Hotel and Residences Residences Ahmedabad Lucknow Hampi # of Rooms 549 401 - 270 206 105 119 # of Apt. 116 - 129
Slide 6: Juniper Portfolio Segmental View
Juniper Portfolio → Segmental View Segment split of Juniper’s Keys Multiple Revenue Streams (FY24) (Number and % of keys under each segment) Upscale, Other Hospitality, 119 6% Lease Rentals, 4% 6% Upper 1,895 ₹ 8,177 Mn Upscale, 37% F&B and Revenue from Keys Rooms, 49% 710 MICE, Operations 56% Luxur
Slide 7: Key Performance Metrics
Q4FY23 Key Performance Metrics Q4FY24 Q3FY24 QoQ var. Q4FY23 YoY var. FY24 FY23 YoY var. ARR (₹) Luxury 13,550 12,941 5% 12,003 13% 12,093 10,535 15% Upper Upscale 7,824 8,377 -7% 7,645 2% 7,412 6,650 11% Upscale 7,513 8,271 -9% 7,224 4% 7,461 6,776 10% Consolidated 11,110 10,983 1% 10,283 8% 10,165
Slide 8: Financial Performance
Financial Performance 7
Slide 9: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss All figures in INR million Q4FY24 Q3FY24 QoQ var. Q4FY23 YoY var. FY24 FY23 YoY var. Revenue from Operations 2,453 2,363 4% 1,940 26% 8,177 6,669 23% Other Income 29 44 -35% 49 -41% 86 504 -83% Total Income 2,482 2,407 3% 1,989 25% 8,263 7,173 15% Expenses 1,5
Slide 10: Strong growth in operations
Strong growth in operations …. Revenue from Operations (INR Million) 23% CHPL was acquired in the Month of September’23 and hence the consolidation statement of P&L has 8,177 been done for H2FY24 only. (i.e. CHPL Revenue for 507 H2FY24 that is consolidated is ~₹ 658 Mn) 323 6,669 Other Hospitality R
Slide 11: Leading to EBITDA growth in FY24
…. leading to EBITDA growth in FY24 Split of Revenue into → Cost & EBITDA (INR Million) Stable Operating Margins (INR Million) Operating EBITDA Margin FY23 FY24 8% Juniper Hotels Limited 45.6% 45.4% 632 Chartered Hotels Private Limited 35.4% 35.5% 1,447 18% Food and 8% beverages 504 consumed 989 15%
Slide 12: Juniper Hotels Ltd - Consolidated Balance Sheet
Juniper Hotels Ltd - Consolidated Balance Sheet (INR Million) As on As on Key highlights Particulars 31st March 2024 31st March 2023 - Successful fund raise of ₹ 18,000 Mn through IPO in FY24 by Assets issuance of ~50 Mn fresh equity shares on 28th Feb’24 PPE 28,793 23,714 ROU 4,079 4,157 - Out of I
Slide 13: Improved Balance sheet strength post IPO
Improved Balance sheet strength post IPO Consolidated Balance Sheet Excerpt (Total Equity & Liabilities) Pre-IPO 3 Post IPO 4 Net Bank Debt 5 9,758 to EBITDA Ratio 5.7x 0.7x Other Liabilities 6,464 8,071 Bank 1 Net Bank Debt 5 / Debt Equity Ratio 5.2x 0.1x Equity 26,553 18,587 Annual Interest saving
Slide 14: Post IPO key updates
Post IPO → key updates Utilization summary of IPO Proceeds 1 Debt Refinancing ₹ 18,000 Mn • The Company has redeemed the existing Non-Convertible Debentures of ₹ 4,160 Mn on 10th May’2024. Utilized for the repayment of existing debt at the • These were refinanced with a Rupee Term ₹ 14,042 Mn Compan
Slide 15: Operational KPIs
Operational KPIs Manpower to Room Ratio1 Power units consumed per occupied room 1.02 x (-) 22% vs FY20 Guest Profile Split2 # of Keys GHM 3 Andaz 4 HRA 5 HRL 6 24% 27% 13% 8% 38% 42% 47% 33% 76% 73% 87% 92% 62% 58% 53% 67% Pre FY24 Pre FY24 Pre FY24 Pre FY24 Pandemic Pandemic Pandemic Pandemic Inter
Slide 16: Industry trends
Industry trends (JUNIPER
Slide 17: Improving Macro Industry Trends
Improving Macro Industry Trends FY24-28 CAGR → Demand outpacing Segment split of Juniper’s Keys Growth comparison – Key Metros supply growth 1 (For the month of Mar’24) 7.3% ARR ARR Upscale, Ahmedabad (Industry growth) 2 (Juniper growth) 119 3.3% 6% 11.3% Delhi NCR Upper 37% 1,895 Delhi 6-12% 19% Up
Slide 18: Improving Macro Industry Trends
Improving Macro Industry Trends Segmental Inventory CAGR FY24 - FY28 1 2023 Key Highlights Total Air Traffic 26% 6% 9.6% 9.6% 370 Mn Over 2022 Over 2019 8.8% 8.3% 7.8% Domestic Air Traffic 24% 8% 303 Mn Over 2022 Over 2019 International Air Traffic 36% -5% 66.6 Mn Over 2022 Over 2019 Luxury Upper Up
Slide 19: Growth & Expansion Update
Growth & Expansion Update JUNIPER
Slide 20: Growth & Expansion Update
Growth & Expansion Update A. New Banquet “Showroom” - Mumbai Render Images of the ‘Showroom’ • A new repurposed MICE space “Showroom” of 49,655 sq. ft. to be operational at Grand Hyatt Mumbai Hotel and Residences by July 2024 B. Refurbishment of Rooms - Mumbai • Refurbishment of rooms at Grand Hyatt
Slide 21: Growth & Expansion Update
Growth & Expansion Update D. New F&B Outlet “SARVATT” - Ahmedabad Images of ‘SARVATT’ • A new F&B outlet was operationalized at the Hyatt Regency Ahmedabad E. Inorganic Growth • Management actively engaged in the acquisition of potential targets including ROFO assets Note: Actual Image 20
Slide 22: Disclaimer
Disclaimer This presentation (“Presentation”) prepared by Juniper Hotels Limited has been solely prepared for information purposes and does not constitute a sale offer, or any invitation to subscribe for, or purchase of equity shares. The information and data which forms the basis of this Presentati
Slide 23: Thank You
Thank You Designated official for assisting and handling investor relations: Shreyans Kumar Bothra institutionalir@juniperhotels.com Sandeep Joshi retailir@juniperhotels.com