Indian Hotels Co. Ltd. · NSE:INDHOTEL

Indian Hotels — The Indian Hotels Company — FY2018-19 Earnings Presentation

33 slides from Indian Hotels's earnings presentation, Apr 30, 2019

  1. Slide 1: Letter to stock exchanges on results presentation

    I l~CI~ April 30, 2019 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza 1 st Floor, New Trading Ring, Bandra Kurla Complex Rotunda Building, P. J. Towers, Bandra (E) Dalal Street, Fort, Mumbai 400 051 Mumbai - 400 001. Symbol: INDHOTEL Scrip Code:

  2. Slide 2: Global Conference Call FY 2018-19 Results

    A TATA Enterprise Global Conference Call I l~CI~ FY 2018-19 Results 30 April, 2019 TAj SELE~IONS VIVANTA GINGER EXPRESSIONS TAj.

  3. Slide 3: Agenda

    AGENDA • Industry Trends • Key Highlights • Financial Performance • Q&A 2

  4. Slide 4: Indian Hospitality FY 2018/19: Highs & Lows

    For Indian Hospitality, Financial Year 2018 / 19 has been one of HIGHs & LOWs • Demand Growth (3.4%) > Supply Growth (2.6%) • Kerala & Karnataka Floods • Sustained RevPAR Growth (3.7%) • Rupee Depreciation • ARR Growth of 2.9 % • Turmoil in Airline Industry • Occupancy Growth of 0.8 pp • Nipah Virus

  5. Slide 5: Performance of Key Cities – FY 2017-18 vs 2018-19

    Performance of Key Cities – FY (2017-18 v/s 2018-19) ■ Supply % Change ■ Demand % Change 10.5% 10.2% 9.4% 9.0% 7.7% 6.8% 5.7% 3.6% 4.6% 4.6% 3.4% 3.0% 2.9% 2.8% 2.6% 2.8% 2.7% 2.3% 1.9% 1.8% 1.1% 1.3% ■ 0.6% - ~o· 0.0% 1.0% ·~ i> ·~ ·~ ~b -0.3% 8-1> ,<:- e<:- <Y t::-~ ~ ~ e'l> ~ brt- ~~ ~o ~'1> ~~ ~

  6. Slide 6: Agenda

    AGENDA • Industry Trends • Key Highlights • Financial Performance • Q&A 5

  7. Slide 7: Consistent Good Performance – Q4 FY 2018/19

    Reflected In Consistent Good Performance – Q4 FY 2018 / 19 Revenue EBITDA EBITDA Margin PAT ₹ 1,282 cr ₹ 322 cr 25.09% ₹ 115 cr 230 10% 21% 52% bps ₹ 1,164 cr ₹ 265 cr 22.79% ₹ 76 cr *Consolidated Performance 6 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  8. Slide 8: Strong Full Year Performance – FY 2018/19

    Strong Full Year Performance – FY 2018 / 19 Revenue EBITDA EBITDA Margin PAT ₹ 4,595 cr ₹ 913 cr 19.87% ₹ 287 cr 229 10% 25% 184% bps ₹ 4,165 cr ₹ 732 cr 17.58% ₹ 101 cr *Consolidated Performance 7 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  9. Slide 9: A Monumental Year for New Signings

    A Monumental Year for New Signings SMART Strategic Margin Asset Relationships Tracking Enhancing Management 22 + 4 New Contracts Signed in FY 2018/19 Signed in April, 2019 8 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  10. Slide 10: Shift in Business Mix

    Shift in Business Mix 23% 20% ,-----------------------------, I I Holding Company Holding Company I I I I I 32% I I I I I 40% I I I I Management Contracts I I Management Contracts I---------------------------- I 45% 40% Group Companies Group Companies Portfolio as on 31st March 2018 Portfolio as on

  11. Slide 11: Scaling up our Inventory - New Openings

    Scaling up our Inventory - New Openings (FY 2018 / 19) Taj Rishikesh Resort & Spa, Taj Aravali Resort & Spa, Udaipur Taj Theog Resort & Spa, Shimla Uttarakhand Vivanta Kathmandu Vivanta Katra 5 Hotels 500+ Keys *Number of keys is based on end-state post completion of all phases of expansion 10 TAJ (

  12. Slide 12: Securing & Retaining our Crown Jewels

    Securing & Retaining our Crown Jewels Reimagining product with style 11 Reimagining Business Model Reimagining relationships

  13. Slide 13: Agenda

    AGENDA • Industry Trends • Key Highlights • Financial Performance • Q&A 12

  14. Slide 14: Sustained Positive Performance (Q-o-Q)

    Sustained Positive Performance (Q-o-Q) Revenue (₹ Cr) – Up 10% EBITDA (₹ Cr) – Up 25% 1500 1338 1282 400 350 1217 1164 322 300 920 995 864 981 300 265 1000 200 II 11 126 116 500 99 67 0 Q1 Q2 Q3 Q4 100 0 I Q1 • Q2 Q3 Q4 ■ PY ■ CY ■ PY ■ CY PAT (₹ Cr) – Up 184% EBITDA Margin – Up 229 bps 200 30.0% 25

  15. Slide 15: IHCL Network Revenue – FY 2018/19

    IHCL Network Revenue – FY 2018 / 19 ₹ /crores Domestic International Particulars CY PY Growth over PY % CY PY Growth over PY % Room Revenue 2,271 2,124 6.9% 1,234 1,128 9.4% RevPAR 5,841 5,512 6.0% 12,854 11,762 C) 9.3% F & B Revenue 2,169 1,978 C) 9.7% 790 720 C) 9.8% No of Hotels: 103 Domestic hot

  16. Slide 16: Consolidated Key Indicators – Q4 2018/19

    Consolidated Key Indicators – Q4 2018/19 ₹ /crores Total Revenue EBITDA 1,282 10% 21% 1,164 Margin Exp 230 bps 322 265 ■ Q4 2017/18 ■ Q4 2018/19 ■ Q4 2017/18 ■ Q4 2018/19 15 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  17. Slide 17: Consolidated Key Indicators – Q4 2018/19

    Consolidated Key Indicators – Q4 2018/19 ₹ /crores Profit before Exceptional Profit after Tax Items & Tax 189 48% 52% 115 128 76 ■ Q4 2017/18 ■ Q4 2018/19 ■ Q4 2017/18 ■ Q4 2018/19 16 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  18. Slide 18: Consolidated Key Indicators – Year Ended 2018/19

    Consolidated Key Indicators – Year Ended 2018/19 ₹ /crores Total Revenue EBITDA 4,595 4,165 10% 25% 913 Margin Exp 229 bps 732 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 17 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  19. Slide 19: Consolidated Key Indicators – Year Ended 2018/19

    Consolidated Key Indicators – Year Ended 2018/19 ₹ /crores Profit before Exceptional Profit After Tax Items & Tax 395 144% 184% 287 162 101 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 18 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  20. Slide 20: Consolidated – Reported Profit & Loss Statement

    Consolidated – Reported Profit & Loss Statement ₹ /crores Q4 Year Ended 2018/19 Particulars Growth vs Growth vs 18/19 17/18 18/19 17/18 PY PY Revenue from Operations 1,244 1,143 9% 4,512 4,104 10% Non Operating Revenue 37 21 81% 83 62 35% Total Revenue 1,282 1,164 10% 4,595 4,165 10% Total Expenditu

  21. Slide 21: Standalone Key Indicators – Q4 2018/19

    Standalone Key Indicators – Q4 2018/19 ₹ /crores Total Revenue EBITDA 875 804 9% 19% 326 Margin Expansion 3.3 pp 273 ■ Q4 2017/18 ■ Q4 2018/19 ■ Q4 2017/18 ■ Q4 2018/19 20 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  22. Slide 22: Standalone Key Indicators – Q4 2018/19

    Standalone Key Indicators – Q4 2018/19 ₹ /crores Profit before Exceptional Profit After Tax Items & Tax 243 152 27% % 191 165 65 ■ Q4 2017/18 ■ Q4 2018/19 ■ Q4 2017/18 ■ Q4 2018/19 21 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  23. Slide 23: Standalone Key Indicators – Year Ended 2018/19

    Standalone Key Indicators – Year Ended 2018/19 ₹ /crores Total Revenue EBITDA 2,871 2,639 9% 20% 820 Margin Expansion 2.6 pp 684 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 22 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  24. Slide 24: Standalone Key Indicators – Year Ended 2018/19

    Standalone Key Indicators – Year Ended 2018/19 ₹ /crores Profit before Exceptional Profit After Tax Items & Tax 492 45% 78% 264 339 148 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 ■ YTD Mar 2017/18 ■ YTD Mar 2018/19 23 () TAJ SELE~IONS VI VANTA GINGER EXPRESSIONS l'i,• TAj 11-1c1 -., ...i

  25. Slide 25: Standalone – Reported Profit & Loss Statement

    Standalone – Reported Profit & Loss Statement ₹ /crores Q4 Year Ended 2018/19 Particulars Growth vs Growth vs 18/19 17/18 18/19 17/18 PY PY Revenue from Operations 843 786 7% 2780 2584 8% Non Operating Revenue 32 18 77% 91 55 63% Total Revenue 875 804 9% 2871 2639 9% Total Operating Expenditure 548

  26. Slide 26: Debt Position

    Debt Position ₹ /crores Standalone Consolidated Particulars March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Gross Debt 1,784 1,784 2,326 2,427 Liquidity (282) (423) (401) (538) Net Debt 1,502 1,361 1,925 1,889 Net Debt/ Equity # 0.33 0.31 0.44 0.45 Weighted cost of Debt 8.2 7.9 7.2 7.0 N

  27. Slide 27: Agenda

    AGENDA • Industry Trends • Key Highlights • Financial Performance • Q&A 26

  28. Slide 28: Disclaimer

    Disclaimer These presentations may contain forward-looking statements within the meaning of applicable securities laws. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Forward-looking statements are not g

  29. Slide 29: Annexure

    Annexure 28 0 TAJ SFl .... Q10 s VIVI\ fl\ GINGER [XPRrSS 11-.ICI~

  30. Slide 30: Our Operational Portfolio

    Our Operational Portfolio Inventory by Geography Inventory by Contract Type Internation Holding al,2735 Company, 4354 Group Companies, 8566 Management Contracts, Domestic, 4903 15088 ■ Holding Company ■ Management Contracts ■ Domestic ■ International ■ Group Companies As of April 2019, IHCL has 149

  31. Slide 31: Awards – YTD FY 2018/19

    Awards – YTD FY 2018 / 19 TRUSTYOU .... " GALLUP G R EAT WORKPLACE AWARD cfi.co Medina Quality Food Assurance Sen/ces Conde Nast TRAVEL+ rave er LEISURE tripadvisor .. ... ·············• ·:·~ .·············•.... BML MUNJAL ~Hotelier :--- ) J~ AWARD~ 1, . ::;, 2018 ;,: . · ··•............ :. ~ · ....

  32. Slide 32: Group Major Companies

    Group Major Companies Effective Effective Company Name Company Name Holding % Holding % Subsidiaries Joint Ventures Piem Hotels Ltd 51.57 Taj SATS Air Catering Ltd 51.00 Benares Hotels Ltd 51.68 Taj GVK Hotels & Resorts Ltd 25.52 United Hotels Ltd 55.00 Taj Madras Flight Kitchen Pvt Ltd 50.00 Roots

  33. Slide 33: All India Hospitality Overview – FY 2017-18 vs 2018-19

    All India Hospitality Overview – FY (2017-18 v/s 2018-19) Market Dynamics All India Hotels’ Key Markets Performance • Growing Markets: • Supply Growth • Occupancy Hyderabad, Pune, +2.6% 64.8% (+0.8%) Bengaluru, Chennai, New Delhi, Mumbai, • Demand Growth • Avg. Room Rate Gurgaon, Chandigarh, +3.4% ₹

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