Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q3 FY2020 Earnings Presentation
29 slides from Chalet Hotels's earnings presentation, Feb 10, 2020
Slide 1: Chalet Hotels – Investor/Analyst Presentation Cover Letter
CHALET HOTELS February 10, 2020 National Stock Exchange of India limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, 1st Floor, New Trading Ring, Sandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir /
Slide 2: Presentation February 2020
Presentation February 2020 1
Slide 3: What Defines Us
What Defines Us Pedigree K Raheja Corp Limited Leading real estate developer in India for over 6 Decades Proficiency Right Assets Right Location Right Partnership Right Team Performance Robust Operating Performance 2
Slide 4: Playing out our strategy
Playing out our strategy 3
Slide 5: Novotel Pune Nagar Road Hotel
Novotel Pune Nagar Road Hotel A new addition to our portfolio February 2020 4
Slide 6: Novotel Pune - A Strategic fit
Novotel Pune - A Strategic fit Hotel Facts Strategic Location with a strong catchment area Ownership Freehold Land Brand Novotel • High commercial real estate Operator Accor Group absorption Keys 223 • Expansion of Pune International Positioning Upscale Airport underway Opened on Jan 2014 • High gro
Slide 7: Brand signings for ~1,800 keys
Brand singings for ~1,800 keys The Westin Mumbai Powai Lake, 600 keys The Westin Hyderabad Mindspace, 427 keys From ‘Renaissance Mumbai Convention Centre and Hotel’ – H1FY21 Brand New Lakeside Chalet, Mumbai – Marriott Upgrades Contracts Executive Apartments, 173 Keys New Signings (Up coming propert
Slide 8: Business Performance
Business Performance 7
Slide 9: Highlights for Q3FY20
Highlights for Q3FY20 Rs. 6,863 Rs. 555 Mn Rs. 1.62 RevPAR PBT EPS* 9.9% 144% 95% Rs. 6,245 Rs. 227 Mn Rs. 0.83 * Not annualised 8
Slide 10: Consolidated Q3FY19 Performance
Consolidated Q3FY19 Performance (In Rs. Mn) Total Income* EBITDA** Margin % PBT 2,847 555 1,213 47.6% 2,549 1,189 41.8% 227 Q3FY19 Q3FY20 Q3FY19 ** Q3FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 * Treasury income lower by Rs 42 mn **Includes Exchange gain of Rs 241 Mn (CY NIL) 9
Slide 11: Highlights for 9MFY20
Highlights for 9MFY20 Rs. 6,245 Rs. 960 Mn Rs. 2.92 RevPAR PBT EPS* 4.9% Rs. 5,951 Rs. (356) Mn Rs. (1.22) * Not annualised 10
Slide 12: Consolidated 9MFY19 Performance
Consolidated 9MFY19 Performance (In Rs. Mn) Total Income * EBITDA** Margin % PBT 7,577 7,714 2,910 960 37.7% 2,624 34.6% (356) 9MFY19 9MFY20 9MFY19** 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 * Treasury income lower by Rs 143 mn **Includes Exchange loss of Rs 148 Mn (CY NIL) 11
Slide 13: Highlights of the Quarter
Highlights of the Quarter Industry Industry • Positive demand supply arbitrage • Sluggish Consumer spends • General economic slowdown Chalet Hotels Limited Chalet Hotels Limited • ADR driven RevPAR growth • Lower Banquet and MICE revenue • Occupancy at 75% • Effective cost management • Improved Capi
Slide 14: Hospitality City-wise performance
Hospitality City-wise performance 9MFY20 Revenue Rs 6,744 Mn Q3FY20 Q3FY19 YoY % 9MFY20 9MFY19 YoY% FY19 ADR (Rs.) Bengaluru MMR 8,942 8,437 6% 8,149 7,858 4% 8,086 17% Bengaluru 9,685 8,664 12% 8,995 8,511 6% 8,756 Hyderabad Hyderabad 9,747 8,321 17% 8,547 7,906 8% 8,205 MMR 64% 19% Combined 9,201
Slide 15: Hospitality Segment Q3FY20
Hospitality Segment Q3FY20 (In Rs. Mn) Revenue Segment Profit* Margin % Revenue Break-up Q3FY20 2,500 1,221** 52.5% 2,326 1,084 43.4% F&B 33% Room 59% Others Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 8% * Segment Profit before Interest Depreciation and Tax ** Includes Exchange Gain of Rs 228 Mn (CY
Slide 16: Hospitality Segment 9MFY20
Hospitality Segment 9MFY20 (In Rs. Mn) Revenue Segment Profit* Margin % Revenue Break-up 9MFY20 6,744 2,686 39.8% 6,569 2,494 ** 38.0% F&B 32% Room 59% Others 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 9% * Segment Profit before Interest Depreciation and Tax ** Includes Exchange loss of Rs 139 Mn (CY
Slide 17: Retail & Office Space
Retail & Office Space (In Rs. Mn) Revenue Segment Profit* Margin % 281 178 63% Updates: 130 40% • Straight Line Impact on lease rental 52 • Q3: Rs.59 mn (PY: Rs.42 mn) • 9M: Rs.329 mn (PY: Rs.72 mn) Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 • Sahar Office Tower • All fit-outs completed • ~90% occupa
Slide 18: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q3FY20 Q3FY19 YoY% 9MFY20 9MFY19 YoY% FY19 Total Income 2,847 2,549 12% 7,714 7,577 2% 10,348 Total Expenditure 1,658 1,577 5% 4,804 4,805 0% 6,519 EBITDA Before Exchange Loss 1,189 972 22% 2,910 2,772 5% 3,829 Exchange Loss/(Gain) - (241)
Slide 19: Debt Position
Debt Position Debt Movement (In Rs. Mn) 27,093 14,942 14,577 22,173 13,141 12,803 4,920 1,801 1,774 Mar-18 Mar-19 Dec-19 ECB Loans Rupee Loan Consolidated March 31, 2018 March 31, 2019 Dec 31, 2019 Total Debt / Equity 5.5 1.0 1.0 Total Debt / EBITDA 9.0 4.1 USD:INR 65.04 69.17 71.27 Excluding Prefer
Slide 20: About Chalet..
About Chalet.. 19
Slide 21: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Located in INR 10,348 Mn INR 3,668 1 Mn High Density / 35.5% About the Company Business Districts Hospitality the leading Mumbai, Bengaluru, Total Income – FY2019 EBITDA and EBITDA Hyderabad Margin – FY2019 business driver Others Commercial 8% and Reta
Slide 22: Our Hotel Portfolio
Our Hotel Portfolio Novotel Pune Nagar Road Hotel JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (427 (223 Keys) (588 Keys) (391 Keys) Keys) Strategically Chosen Brands at Key Locations Leading to Market Leadership Four Points by Sheraton Navi Renaissance
Slide 23: Portfolio of High-End, Globally Recognized, Branded Hotels
Portfolio of High-End, Globally Recognized, Branded Hotels 588 600 173 Top tier 5 star 2,179 152 * Deluxe Luxury Keys Mumbai Luxury – Upper Upscale Pune 375 4–5 Keys 223 star Hyderabad Upscale Bengaluru 3-4 Upper-Midscale star 2-3 391 427 Midscale-Economy star * Under Franchise Agreement, Leasehold
Slide 24: Key Awards
Key Awards Swachhata Survekshan 2020 – MCGM – Renaissance Mumbai Convention Centre Hotel & Lakeside Chalet – Mumbai, Marriott Executive Apartments Best Business Hotel in Maharashtra Business Leaders Award 2019 – Four Points by Sheraton, Vashi Highest Reduction in Energy Intensity - Marriott Internat
Slide 25: Business Model Built Upon Principles of Active Asset Management
Business Model Built Upon Principles of Active Asset Management ✓ Market Leading Operating Parameters Actively engage with hotel management team at each hotel to set operational and financial targets Employee Cost as a % of ✓ 14% Revenue (FY19) Drive performance through structured monthly review Sta
Slide 26: Hotel-led Complementary Mixed-Use Commercial and Retail Developments
Hotel-led Complementary Mixed-Use Commercial and Retail Developments Strategy of co-locating projects augur well for Business Demand coupled with optimal utilization of available land Office and Retail (0.9 Mn sqft) Inorbit Mall Office Tower Whitefield, Bengaluru Whitefield, Bengaluru 260K sq ft of
Slide 27: Proposed Development Pipeline in Key Business Districts
Proposed Development Pipeline in Key Business Districts Hotel and Convention Center Hotel Commercial Location Renaissance Complex, Powai Airoli, Navi Mumbai Renaissance Complex, Powai Proposed Brand ‘W’3 Hyatt Regency 4 - Est. opening 20221 20221 20211 Keys / Total Build Up Area ~150 Keys & ~40k Sqf
Slide 28: Disclaimer
Disclaimer This release has been prepared by Chalet Hotels Ltd (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 reas
Slide 29: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Phone: 022 2656 4000 /4332 Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 30