Eih Limited · NSE:EIHOTEL
Eih — Q1 FY25 Earnings Presentation
30 slides from Eih's earnings presentation, Aug 7, 2024
Slide 1: Submission of presentation to investors and analysts
CIN: L55101WB1949PLC017981 CORPORATE OFFICE: 7, SHAM NATH MARG, DELHI – 110 054, INDIA TELEPHONE: +91 - 11- 2389 0505 WEBSITE: www.eihltd.com / E-MAIL: isdho@oberoigroup.com 07th August 2024 The National Stock Exchange of India BSE Limited Limited Corporate Relationship Dept. Exchange Plaza, 5th Flo
Slide 2: Investors' Conference Call Q1FY25
EIH Limited Investors’ Conference Call EIH Limited Quarter ended 30th June 2023 Earnings Call: Q1FY25 1 Classification | External
Slide 3: India Hotel Sector Outlook 2024
India Hotel Sector Outlook 2024 ▪ The sector is poised for significant expansion, fueled by ongoing growth in domestic tourism and corporate travel, including the MICE segment ▪ Key growth drivers: ✓ Inbound Tourism ✓ Wedding Market Grandeur ✓ MICE ✓ Sports Tourism ✓ Luxury Wellness Resorts ✓ Growin
Slide 4: Indian Hotel Market – Q1 FY25
Indian Hotel Market – Q1 FY25 ▪ Domestic air passenger traffic Market Size (in US$ billion) ▪ June 2024 - grew by nearly 6% on year-on-year basis 31.0 ▪ Q1 FY25 - grew by nearly 2-4% on year-on-year basis 23.5 24.6 ▪ The nation-wide occupancy remained flat on year-on-year basis June 2024 June 2024 J
Slide 5: Operations
Operations Q1FY25 Operational Performance Best Performing Q1 in the history of the Company Classification | External 4 Image: Image: TheThe Oberoi Oberoi Zahra, Zahra on Nile on the Nile
Slide 6: EIH maintains consistent RevPAR Leadership over STR Competition Set
EIH maintains consistent RevPAR Leadership (127%) over STR Competition Set All Domestic Hotels including Managed 1.9 1.7 Covid 1st wave Recovery after Covid 2nd Recovery after Omicron Covid 1st wave wave Covid 2nd wave wave 1.5 1.3 1.1 0.9 0.7 0.5 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Slide 7: Q1 Positioning Y-o-Y
Q1 Positioning Y-o-Y All Domestic Hotels including Managed 35,000 Oberoi Leisure - CY 2% 30,000 Oberoi Leisure - LY 25,000 20,000 ARR (Rs) Oberoi Metro - CY 1% 15,000 Oberoi Metro - LY Trident Metro - CY 9% Trident Metro - LY 10,000 Trident Leisure - CY 6% 7% Others - CY Trident Leisure - LY Others
Slide 8: Q1 Positioning Y-o-Y – Overseas Hotels
Q1 Positioning Y-o-Y All Overseas Hotels including Managed Morrocco [LY] Morrocco [CY] UAE [LY] Mauritius [CY] ARR (USD) Mauritius [LY] Egypt [CY] UAE [CY] Egypt [LY] Indonesia [LY] Indonesia [CY] Occupancy Classification | External 7
Slide 9: Q1 RevPAR grew 5% and 3% Y-o-Y
Q1 RevPAR grew 5% and 3% Y-o-Y ‘Owned’ and ‘All Domestic’ hotels (including managed) respectively Figures in INR Q1 Q1 Q1 Q1 Q1 Q1 Pre-Covid Covid 1st wave Recovery after Covid 2nd Recovery after Omicron Post-Covid 1st wave wave 2nd wave wave 16,962 16,940 15,284 16,392 13,332 15,766 14,289 12,805 1
Slide 10: Q1 ARR/Occupancy trends by month
Q1 ARR/Occupancy trends by month All Domestic Hotels including managed 76% Occupancy FY25 Quarterly Occupancy & ARR 72% 68% 69% FY24 69% 80% 70% 70% 15,000 66% 70% 60% 13,771 13,000 13,350 50% April May June 11,000 40% 30% 9,000 20% 7,000 10% ARR ARR 15,299 14,561 0% 5,000 13,142 12,860 Q1 FY24 Q1 F
Slide 11: Q1 RevPAR Y-o-Y change by City
Q1 RevPAR Y-o-Y change by City All Domestic Hotels including Managed 12% 10% 8% 7% 4% 4% RevPAR Growth -2% # -2% -3% -4% -4% -7% -14% Agra Delhi / NCR International Jaipur / Bhubaneswar Chennai Mumbai Kolkata Hyderabad Bengaluru Udaipur Cochin Shimla / Ranthambore Chandigarh # Includes hotels in MEN
Slide 12: Strong Room Revenue Tailwinds across Segments
Strong Room Revenue Tailwinds across Segments All Domestic Hotels including Managed FY20 FY21 FY22 FY23 FY24 250 Cr 200 Cr Corporate 150 Cr Direct 100 Cr Leisure MICE 50 Cr 0 Cr Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2F
Slide 13: Growing Flight Catering & Airport Lounge Business
Growing Flight Catering & Airport Lounge Business Revenue EBITDA Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY24 Q1FY25 Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY24 Q1FY25 120 50 107 39 100 40 88 Margin 29 30 36% 80 20 60 45 10 39 1 40 0 -3 EBITDA 20 11 -10 4 -15 -13 0 -20 Classification | External 12
Slide 14: Financials
Financials Q1FY25 Growth in Financial Performance Classification | External
Slide 15: Financial Performance – Q1FY25
Financial Performance – Q1FY25 Standalone and Consolidated Revenue Expenses EBITDA Funds PAT Classification | External
Slide 16: Q1 Standalone performance
600 Q1 Standalone performance 130 Figures in INR Crores Revenue EBITDA PAT 498 500 455 90 85 80 400 357 343 309 303 303 293 300 278 279 42 256 252 30 20 205 15 9 12 11 6 10 200 154 151 (7) -16 -12 90 94 -20 100 57 52 49 47 47 57 42 33 35 38 26 0 -70 -100 (86) (115) (93) -200 (118) -120 Q1FY14 Q1FY15
Slide 17: Q1 Consolidated Performance
Q1 Consolidated* Performance Figures in INR Crores 600 560 150 Revenue EBITDA PAT 523 500 106 100 400 412 97 400 358 66 50 300 15 0 200 (1) 180 168 111 118 -50 100 69 50 45 -100 0 (114) (126) -100 -150 (152) (87) -200 -200 Q1FY19 Q1FY20 Q1FY21 Q1FY22 Q1FY23 Q1FY24 Q1FY25 *Consolidated Financial Stat
Slide 18: Strong Standalone Funds position
Strong Standalone Funds position Figures in INR Crores Robust war chest for future growth and expansion 650 570 371 188 227 129 -61 -193 -217 -250 -264 -271 -362 -359 -338 Net Cash Positive -453 -560 Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun
Slide 19: Strong Consolidated Funds Position
Strong Consolidated Funds Position Figures in INR Crores Robust war chest for future growth and expansion 818 744 684 542 509 468 256 94 76 -20 -75 -80 -174 -168 -133 Net Cash Positive -270 -384 Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, S
Slide 20: Financial Statements
Financial Statements Q1FY25 Classification | External 19
Slide 21: Performance Highlights (Standalone)
Performance Highlights (Standalone) STANDALONE P&L QTR 1 Figures in Rs Crores rounded to first decimal FY25 FY24 Revenue from Operations 455.9 426.8 Other Income 41.9 27.9 TOTAL INCOME (A) 497.8 454.7 9% Consumption 49.1 44.5 Employee Benefits (excluding third party cost) 116.6 98.6 Power, Fuel & Li
Slide 22: Performance Highlights (Standalone) Q-o-Q
Performance Highlights (Standalone) Q-o-Q STANDALONE Financial Results for starting from Q2 FY22 to Q1 FY25 Revenue EBITDA PBT (before exceptional items) PAT 309 300 273267 680692 187 249 214 587 159 193 147 525 157 490 498 154148 151 120 114 104 455 117 90 85 85 357368 94 90 78 57 53 324 41 33 42 2
Slide 23: Performance Highlights (Consolidated)
Performance Highlights (Consolidated) Consolidated P&L QTR 1 Figures in Rs Crores rounded to nearest first decimal FY25 FY24 Revenue from Operations 526.5 498.1 Other Income 33.4 24.5 TOTAL REVENUE (A) 559.9 522.6 7% Consumption 53.7 48.8 Employee Benefits*(excluding third party cost) 128.8 109.7 Ad
Slide 24: Performance Highlights (Consolidated) Q-o-Q
Performance Highlights (Consolidated) Q-o-Q CONSOLIDATED Financial Results for starting from Q2 FY22 to Q1 FY25 Revenue EBITDA PBT (before exceptional items) PAT 770 781 603664 344 353 328322 560 248 552 230 523 226231 196 201 412417 180 149 379 165 168 145130 317 118101 134 10694 99 92 97 248 75 61
Slide 25: Premium positioning reflected in Awards & Accolades
Premium positioning reflected in Awards & Accolades Travel +Leisure, USA World’s Best Awards 2024 Telegraph Travel Awards, UK 2023 • The Oberoi Rajvilas, Jaipur ranked the Best Hotel in the World • Oberoi Hotels & Resorts ranked #2 as the Best Hotel Group • The Oberoi Amarvilas, Agra enters Travel +
Slide 26: Business Footprint
Business Footprint th Period ended 30 June 2024 Classification | External 25
Slide 27: Corporate Structure
Corporate Structure EIH Limited Within EIH Mumtaz Hotels EIH International Ltd 13 Hotels Mashobra Resort Limited EIH Associated Hotels Limited Limited • The Oberoi Amarvilas • The Oberoi, New Delhi • Wildflower Hall, Shimla • The Oberoi Rajvilas Hotel Business EIH Holdings Ltd (Managed by EIH) • The
Slide 28: Widespread International presence across attractive destinations
Widespread International presence presence across attractive destinations 1. The Oberoi, Marrakech | 84 2. The Oberoi Zahra, Luxury Nile Cruiser | 27 497 3. The Oberoi Beach Resort, Sahl Hasheesh, Egypt |102 4. The Oberoi Beach Resort, Al Zorah | 89 5. The Oberoi Beach Resort, Mauritius | 71 6. The
Slide 29: Widespread presence across attractive destinations (Contd.)
Widespread presence National presence across attractive destinations (Contd.) 1. Wildflower Hall, An Oberoi Resort, Shimla | 85 2. The Oberoi Cecil, Shimla | 75 3. The Oberoi Sukhvilãs Spa Resort, New Chandigarh | 60 4. The Oberoi, Gurgaon | 202 5. The Oberoi, New Delhi | 220 6. The Oberoi Amarvilãs
Slide 30: Thank You
THANK YOU Classification | External