Lemon Tree Hotels Ltd. · NSE:LEMONTREE
Lemon Tree Hotels — Q1 FY25 Earnings Presentation
35 slides from Lemon Tree Hotels's earnings presentation, Aug 7, 2024
Slide 1: Exchange filing cover letter for Q1 FY25 investor presentation
August 07, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra (E), Mumbai – 400051 Mumbai – 400001 NSE Scrip Symbol: LEMONTREE BSE Scrip Code: 541233 Subject: Investor Presentation – For Q1 FY 25
Slide 2: Lemon Tree Hotels Limited Q1 FY25 Earnings Presentation
07-August-2024 Q1 FY25 Earnings Presentation 1 Lemon Tree Hotels Limited Q1 FY25 Earnings Presentation | 7th August 2024 Aurika, Mumbai SkyCity
Slide 3: Disclaimer
07-August-2024 Q1 FY25 Earnings Presentation 2 Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause a
Slide 4: We've come a long way in 20 years
07-August-2024 Q1 FY25 Earnings Presentation 3 We've come a long way in 20 years: from a single 49 room hotel in 2004 to over 10,000 rooms across 100+ hotels in 60+ destinations in India and 3 overseas.
Slide 5: We Are Everywhere
07-August-2024 Q1 FY25 Earnings Presentation 4 WE ARE EVERYWHERE
Slide 6: Chairman & Managing Director's Message
Q1 FY25 Earnings Presentation 07-August-2024 5 Chairman & Managing Director’s Message Commenting on the performance for Q1 FY25, Mr. Patanjali Keswani, Chairman & Managing Director – Lemon Tree Hotels Limited said, In Q1, despite the temporary headwinds faced by the hotel sector due to the election
Slide 7: Q1 FY25 performance across key financial metrics
07-August-2024 Q1 FY25 Earnings Presentation 6 Q1 FY25 performance across key financial metrics Q1 FY25 performance snapshot vs Q1 FY24 Total Revenue EBITDA EBITDA % Rs. 268.4 Cr Rs. 115.4 Cr 43.0% Up 19% Up 8% Down 456 bps PAT Cash Profit# Cost of Debt % Rs. 20.1 Cr Rs. 54.7 Cr 8.80%* Down 27% Up 9
Slide 8: Q1 FY25 Performance Highlights – Operational Metrics (Consolidated)
07-August-2024 Q1 FY25 Earnings Presentation 7 Q1 FY25 Performance Highlights – Operational Metrics (Consolidated) Inventory Average Room Rate (Rs.) Owned/Leased rooms Managed/Franchised Total rooms -14% rooms QoQ 19% YoY 9% 6,605 10,125 YoY 13% 8,491 5,686 5,686 YoY 28% 5,207 YoY 5,759 5,090 4,366
Slide 9: Q1 FY25 Performance Highlights – Financial Metrics (Consolidated)
07-August-2024 Q1 FY25 Earnings Presentation 8 Q1 FY25 Performance Highlights – Financial Metrics (Consolidated) Revenue from Operations (Rs. Cr) Net EBITDA (Rs. Cr) 8% -34% 20% -18% YoY QoQ YoY 327.3 QoQ 175.3 268.0 268.0 224.2 106.8 115.4 115.4 Q1 FY24 Q1 FY25 Q4 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q4 FY
Slide 10: Q-o-Q performance of FY25, FY24 and FY23
07-August-2024 Q1 FY25 Earnings Presentation 9 Q-o-Q performance of FY25, FY24 and FY23 Particulars Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24 Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY23 Gross ARR (Rs.) 5,686 6,605 6,333 5,268 5,237 5,824 5,738 4,917 4,822 Occupancy % 66.6% 72.0% 65.9% 71.7% 70.2% 73.6% 67.6% 66.2
Slide 11: Total Management Fees | Q1 FY25 vs Q1 FY24
07-August-2024 Q1 FY25 Earnings Presentation 10 Total Management Fees | Q1 FY25 vs Q1 FY24 29.1 23.9 16.6 12.5 + 13.5 = 10.4 Management / Franchise fees from 3rd Management Fees from Fleur Hotels Total Management Fees party hotels Q1 FY24 Q1 FY25 Fees to Lemon Tree Hotels (Rs. Cr) Q1 FY24 Q1 FY25 Gr
Slide 12: Market Segments: Q1 FY25 vs Q1 FY24
07-August-2024 Q1 FY25 Earnings Presentation 11 Market Segments: Q1 FY25 vs Q1 FY24 (with Aurika, Mumbai SkyCity) Market Segments Room Nights Sold – Q1 FY25 vs Q1 FY24 38% 39% 45 % 40 % 36% 33% 35 % 30 % 25 % 20 % 9% 8% 8% 15 % 10 % 7% 6% 6% 5% 6% 5% 0% Corporate Airline Travel Trade OTA LT.com Othe
Slide 13: Q1 FY25 Operational Performance by Brands & Region
07-August-2024 Q1 FY25 Earnings Presentation 12 Q1 FY25 Operational Performance by Brands & Region (On full inventory basis including Aurika, Mumbai SkyCity) Hotel level Average Daily Rate Hotel level EBITDAR Parameters RevPAR (Rs.) Occupancy Rate (%) EBITDAR/room/qtr. (Rs.) Margin %** (Rs. Lacs)**
Slide 14: Consolidated P&L: Q1 FY25 vs Q1 FY24
07-August-2024 Q1 FY25 Earnings Presentation 13 Consolidated P&L: Q1 FY25 vs Q1 FY24 . Q1 FY25 Consolidated P&L Waterfall – Revenue to Cash Profit (Rs. Cr) . . . . . . . . . . . . . . . otal ev. MC ayroll ther eno I D in. in. Dep. hare a Dep. Cash rofit p. vation Cost Inc. of sso. p. . Q1 FY25 vs Q1
Slide 15: Cost Structure: Q1 FY25 vs Q1 FY24
07-August-2024 Q1 FY25 Earnings Presentation 14 Cost Structure: Q1 FY25 vs Q1 FY24 * Expenses as a percentage of total revenue Up 456 bps 57.0% 52.4% Down 7 bps Up 167 bps 19.0% 18.9% 18.8% 17.1% Up 13 bps Up 59 bps 8.6% 8.7% Up 180 bps 5.5% 6.1% Up 45 bps 4.0% 2.2% 0.0% 0.4% Payroll expenses* F&B/R
Slide 16: Lemon Tree Consolidated Profit & Loss Statement – Q1 FY25
07-August-2024 Q1 FY25 Earnings Presentation 15 Lemon Tree Consolidated Profit & Loss Statement – Q1 FY25 Q1 FY25 vs Q1 FY25 vs Rs. Cr Q1 FY25 Q4 FY24 Q1 FY24 Q4 FY24 Q1 FY24 Change (%) Change (%) Revenue from operations 268.0 327.3 224.2 -18% 20% Other income 0.4 3.9 0.4 -91% -6% Total revenue 268.
Slide 17: Lemon Tree Consolidated Profit & Loss Statement Breakup
07-August-2024 Q1 FY25 Earnings Presentation 16 Lemon Tree Consolidated Profit & Loss Statement Breakup Lemon Tree Consolidated Keys Hotels Lemon Tree Consolidated excluding Keys Hotels Rs. Cr Q1 Q4 Q1 QoQ YoY Q1 Q4 Q1 QoQ YoY Q1 Q4 Q1 QoQ YoY FY25 FY24 FY24 Change Change FY25 FY24 FY24 Change Chang
Slide 18: Discussion on Consolidated Financial & Operational Performance – Q1 FY25
07-August-2024 Q1 FY25 Earnings Presentation 17 Discussion on Consolidated Financial & Operational Performance – Q1 FY25 ❖ Revenue from operations stood at Rs. 268.0 Cr in Q1 FY25 which was down 18% from Rs. 327.3 Cr in Q4 FY24 and was up 20% as compared to Rs. 224.2 Cr in Q1 FY24 ❖ Gross ARR stood
Slide 19: Lemon Tree Hotel Network Revenue – Q1 FY25 vs Q1 FY24
07-August-2024 Q1 FY25 Earnings Presentation 18 Lemon Tree Hotel Network Revenue – Q1 FY25 vs Q1 FY24 Incremental revenue from Incremental revenue from Hotel Network Revenue Q1 FY25 vs Q1 FY24 Change Q1 FY25 Q1 FY24 (Rs. Cr) (%) Owned Hotels 255.5 214.1 19% Managed and Franchised Hotels 168.0 140.0
Slide 20: Expansion Plan – Hotel under Development
07-August-2024 Q1 FY25 Earnings Presentation 19 Expansion Plan – Hotel under Development Expected Ownership Under-development hotel Type Rooms Opening date (%) Aurika, Shimla (redesigned from Lemon Tree Mountain Resort, Shimla) Owned 69 TBD 100.00% Total capital deployed/capital expenditure already
Slide 21: Expected opening of inventory in pipeline of managed & franchised contracts
07-August-2024 Q1 FY25 Earnings Presentation 20 Expected opening of inventory in pipeline of managed & franchised contracts (as of 30th June 2024) Total J y’ ’ Brands FY26 FY27 To be announced Rooms FY25 (Hotels) 132 110 242 Aurika Hotels & Resorts - - (1) (1) (2) 95 282 377 Lemon Tree Premier - - (
Slide 22: Hotels opened and signed in Q1 FY25
07-August-2024 Q1 FY25 Earnings Presentation 21 Hotels opened and signed in Q1 FY25 (managed & franchised contracts) Hotels opened in Q1 FY25 # Hotels States Rooms Opening Dates 1 Lemon Tree Hotel, Tapovan, Rishikesh Uttarakhand 126 Apr-24 2 Lemon Tree Premier, Budhanilkantha, Kathmandu Nepal 102 Ap
Slide 23: Expansion Plans – Pipeline of managed & franchised contracts (1 of 2)
07-August-2024 Q1 FY25 Earnings Presentation 22 Expansion Plans – Pipeline of managed & franchised contracts by opening (1 of 2) # Hotels Pipeline States Rooms Expected Opening 1 Lemon Tree Hotel, Jamshedpur Jharkhand 42 FY25 2 Lemon Tree Premier, Kanha Madhya Pradesh 15 FY25 3 The Spectrum, operate
Slide 24: Expansion Plans – Pipeline of managed & franchised contracts (2 of 2)
07-August-2024 Q1 FY25 Earnings Presentation 23 Expansion Plans – Pipeline of managed & franchised contracts by opening (2 of 2) # Hotels Pipeline States Rooms Expected Opening 33 Keys Lite by Lemon Tree Hotels, Somnath Gujarat 52 FY26 34 Lemon Tree Hotel, Jamnagar Gujarat 60 FY26 35 Lemon Tree Prem
Slide 25: Lemon Tree – Snapshot as on 30th June 2024
07-August-2024 Q1 FY25 Earnings Presentation 24 Lemon Tree – Snapshot as on 30th June 2024 Operational Pipeline Operational + Pipeline Group 10,125 rooms; 4,036 rooms; 14,161 rooms; 107 hotels 61 hotels 168 hotels Brand Current Pipeline Operational + Pipeline Aurika Hotels & Resorts 863 Rooms; 3 Hot
Slide 26: Portfolio Breakup as on 30th June 2024 - Operational
07-August-2024 Q1 FY25 Earnings Presentation 25 Portfolio Breakup as on 30th June 2024 - Operational Owned (incl. on leased Operational Portfolio Leased Managed/ Franchised Total land) Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms Aurika Hotels & Resorts 2 808 0 0 1 55 3 863 Lemon Tree Premier
Slide 27: Portfolio Breakup as on 30th June 2024 - Pipeline
07-August-2024 Q1 FY25 Earnings Presentation 26 Portfolio Breakup as on 30th June 2024 - Pipeline Owned (incl. on leased Pipeline Portfolio Leased Managed/ Franchised Total land) Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms Aurika Hotels & Resorts 1 69 0 0 2 242 3 311 Lemon Tree Premier 0 0 0
Slide 28: Annexure
07-August-2024 Q1 FY25 Earnings Presentation 27 Annexure
Slide 29: Aurika, Shimla | Representation
07-August-2024 Q1 FY25 Earnings Presentation 28 Aurika, Shimla (redesigned from Lemon Tree Mountain Resort, Shimla)| Representation
Slide 30: Aurika, Shimla | Current
07-August-2024 Q1 FY25 Earnings Presentation 29 Aurika, Shimla (redesigned from Lemon Tree Mountain Resort, Shimla) | Current
Slide 31: Aurika, Shimla | Current
07-August-2024 Q1 FY25 Earnings Presentation 30 Aurika, Shimla (redesigned from Lemon Tree Mountain Resort, Shimla) | Current
Slide 32: Aurika, Shimla | Current
07-August-2024 Q1 FY25 Earnings Presentation 31 Aurika, Shimla (redesigned from Lemon Tree Mountain Resort, Shimla) | Current
Slide 33: ESG | Highlights of FY23 initiatives
07-August-2024 Q1 FY25 Earnings Presentation 32 ESG | Highlights of FY23 initiatives Energy Renewable energy Green building Diversity and inclusion 15% 10% 50% 10.97% 100% 25% 30% 13% Reduction in Reduction in Renewable energy Renewable energy Certified Green Certified Green ODIs1 in the ODIs1 in th
Slide 34: Conference Call Details
07-August-2024 Q1 FY25 Earnings Presentation 33 Conference Call Details Time • 4:00 PM IST, Thursday, August 8, 2024 Conference dial-in Primary number • Primary number: +91 22 6280 1141 / +91 22 7115 8042 • Hong Kong: 800 964 448 • Singapore: 800 101 2045 International Toll Free Number • UK: 0 808 1
Slide 35: About Lemon Tree Hotels
07-August-2024 Q1 FY25 Earnings Presentation 34 About Lemon Tree Hotels Lemon Tree Hotels Limited (LTHL) is one of the largest hotel chains in India, and owns/leases/operates/franchises hotels across the upscale, upper-midscale, midscale and economy segments. LTHL delivers differentiated yet superio