Indian Hotels Co. Ltd. · NSE:INDHOTEL
Indian Hotels — The Indian Hotels Company Limited (IHCL) — Investor Presentation (December 2020)
16 slides from Indian Hotels's investor presentation, Dec 15, 2020
Slide 1: 15th December, 2020
A TATA Enterprise HCL 15" December, 2020 c+) TA] SELEQTIONS ~VIVANTA GINGER _ EXPRESSUNS We
Slide 2: Aspiration 2022
Aspiration 2022 15 NEW PROJECTS EVERY YEAR 8% EBITDA MARGIN EXPANSION 50-50 PORTFOLIO 2
Slide 3: Re-structuring Portfolio: Journey So Far
Re-structuring Portfolio: Journey So Far 200 50 17 42% Hotels Portfolio New Hotels Signed New Hotels Opened Mgmt Contract Mix (158 Hotels Operational) in the Last Two Years in the Last Two Years vs Owned in Portfolio 3
Slide 4: Continuous Performance Improvement
Continuous Performance Improvement ₹ /crores EBITDA PAT Revenue 5000 4595 4596 4500 1250 4123 4076 4165 1100 4000 913 3500 732 750 652 665 3000 2500 354 287 2000 250 101 1500 1000 -250 -63 500 -231 2015/16 2016/17 2017/18 2018/19 2019/20 4
Slide 5: Consistent EBITDA Margin Expansion (Q-o-Q)
Consistent EBITDA Margin Expansion (Q-o-Q) Q1 +304 bps Q2 +153 bps +183 bps +404 bps 10.8% 7.8% 10.8% 15.7% 7.8% 13.3% 17/18 18/19 19/20 17/18 18/19 19/20 Q3 Q4 +230 bps +339 bps +148 bps +458 bps 24.7% 18.2% 24.7% 29.6% 18.2% 25.1% 17/18 18/19 19/20 16/17 17/18 18/19 *EBITDA for 19/20 is Pre Ind AS
Slide 6: Leverage: Preserving Balance Sheet Health
Leverage: Preserving Balance Sheet Health ₹ /crores 4500 1.40 1.27 4000 1.20 3500 0.97 1.00 3000 2500 0.80 2000 0.60 1500 0.38 0.37 0.37 0.40 1000 4216 3151 1889 1925 1915 0.20 500 0 0.00 2015 / 16 2016 / 17 2017 / 18 2018 / 19 2019 / 20 Net Debt Net Debt : Equity Net Debt : EBITDA 6.47 4.74 2.58 2.
Slide 7: Top Strongest Brands
Top 10 Strongest Brands bs) TAJ © NATION’S STRESNGEST TAJ By BRAND FINANCE Brand Value Report — India 2020 ‘$ maruTt suzuxt LGh HOFC BANK ity HDFC BANK 1 -« 2020: 90.5 AAA+ New mae 24: wooo 007 ana 2019: 87.0 AAA ae 3 re 2000: 2.8 AAA 97 2019: 80.1 AAA. 4 es 2020: 82.4 AAA- 94 2019: 84.4 AAA. ~~ 5 4
Slide 8: R.E.S.E.T 2020: A 5-prong strategy
R.E.S.E.T 2020: A 5-prong strategy 8
Slide 9: Revenue: IHCL's F&B innovations are yielding results
Revenue: IHCL’s F&B innovations are yielding results Qmin 1st Qmin Shop Qmin Food Truck Hospitality@Home 2.0 7Rivers Brewpub 34,000+ orders till date launched at President – To launch in 3 cities in ₹ 14 cr enterprise revenues ₹ 60L+ in revenue since launch ₹ 10 cr enterprise revenues in H1 IHCL Sel
Slide 10: R.E.S.E.T 2020: Revenue / Cost Impact – H1 2020/21
R.E.S.E.T 2020: Revenue / Cost Impact – H1 2020/21 ₹ 135 crores ₹ 149 crores ₹ 46 crores ₹ 43 crores 10
Slide 11: Spend Optimisation: Continued cost optimization in Q2
Spend Optimisation: Continued cost optimization in Q2 -51% -51% *All Numbers Include Fixed Lease Costs 11
Slide 12: Month-on-month Improvement – H1 2020/21
Month-on-month Improvement – H1 2020/21 ₹ /crores Revenue EBITDA Forecast 124 146 Forecast Actual Actual 13 97 (36) 81 125 (58) 71 (60) 97 (76) 38 86 81 (100) (59) (50) (60) 54 (71) 35 (95) (116) April May June July Aug Sept April May June July Aug Sept PBT PAT Forecast (37) Forecast (21) (43) (52)
Slide 13: Debt Position
Debt Position ₹ /crores 4500 1.4 1.27 4000 1.2 3500 0.97 1.0 3000 2500 0.8 0.68 2000 0.6 1500 0.38 0.37 0.37 0.4 1000 4216 3151 1889 1925 1915 2942 0.2 500 0 0.0 2015-16 2016-17 2017-18 2018-19 2019-20 Sep'20 Net Debt Net Debt:Equity Net Debt : EBITDA 6.47 4.74 2.58 2.11 1.74 7.54 13
Slide 14: Performance vis-à-vis Competition
Performance vis-à-vis Competition Q2 Chalet ITC Lemon Tree Ginger EIH IHCL Particulars Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Q2 FY Var % Var % Var % Var % Var % Var % 21 20 21 20 21 20 21 20 21 20 21 20 Revenue 36 205 -82% 88 446 -80% 54 154 -65% 33 51 -35% 85 351 -76% 32
Slide 15: Share Price Movement
Share Price Movement 145 128 15
Slide 16: Thank You
16 Thank You IHCL
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