Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Edelweiss Wealth Management - Emerging Ideas Conference 2021
31 slides from Chalet Hotels's conference presentation, Dec 9, 2021
Slide 1: Intimation of Investor Conference
CH A LETHOTELS December 9, 2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, Phiroze Jeejeebhoy Towers, Sandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir/ Ma
Slide 2: Presentation December 2021
CHALET HOTELS Presentation December 2021
Slide 3: K Raheja Corp – A Group Overview
K Raheja Corp – A Group Overview 4 Decades of experience Pan India presence Office Hospitality Malls Residential Retail Developed residential spaces Operates 240+ retail outlets Developed >31.5 msf 3,000+ (1) operational keys 4 operational malls across 5 cities across India 1. Chalet Hotels - 2,554
Slide 4: What Defines Us
What Defines Us Long Term Partnerships Resilient Crafting A Business Fine Balance Model Sustainable Best Practices 3
Slide 5: About Chalet..
About Chalet.. CHALET HOTELS
Slide 6: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Company Located in High Density Business Districts FY21 Total Income Rs. 3,167 Mn EBIDTA Rs. 253 Mn (8%) Mumbai, Bengaluru, Hyderabad, Pune FY20 Total Income Rs. 10,087 Mn EBIDTA Rs. 3,645 Mn (36%) Hospitality Portfolio of High-End Branded Hotels FY21
Slide 7: 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 Rebranding
Slide 8: 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 Rebranding to Mumbai Westin 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
Slide 9: Sustainable Development at Optimal Cost, Design and Build
Sustainable Development at Optimal Cost, Design and Build Identification of Location, Land Acquisition (In Rs. Mn) • Comprehensive market selection process • Management’s expertise and know-how plays a vital role in location selection Gross Block per Key* Project Planning 12.4 12.4 12.6 12.6 12.1 •
Slide 10: 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 (0.9 Mn sqft) Office Tower Whitefield, Bengaluru 0.4 mn sq ft Office Tower Sahar, Mumbai 0.5 mn sq ft in Prim
Slide 11: Sustainable Development & A Better Tomorrow
Sustainable Development & A Better Tomorrow Energy Initiatives Increase contribution of electricity sourced from non fossil fuel-based sources - 51% of total USGB Gold Leed Certification consumption in FY21 – JW Marriot Mumbai Sahar All new properties to be LEED certified – Marriott Whitefield B
Slide 12: Chalet Signs Climate Group Initiatives
Chalet Signs Climate Group Initiatives First hospitality company globally to sign up for all the three initiatives of The Climate Group 100% of the vehicle fleet Chalet Hotels commits to All properties in the used for guest transport, will double its revenue per unit Company’s portfolio to tra
Slide 13: Employee Wellbeing
Employee Wellbeing Initiatives focused in dealing with Covid-19 Chalet Hotels Ranked 6# in Mid size corporates by • 1to1 Help _ Reach Out : Focused on Employee Mental Great Place to Work © health Institute India 2021 • EKIN Care : Medical advisory services for employee • Mindspace App : Covid-19 sel
Slide 14: Guest commitment – Initiatives rolled out by brand partners
Guest commitment – Initiatives rolled out by brand partners Marriott International Accor 13
Slide 15: The Board of Directors
The Board of Directors In the order of Standing (Left to Right) Hetal Gandhi Joseph Conrad D’Souza Chairman Independent Director Neel Raheja Ravi Raheja Non-Executive Director Non-Executive Director In the order of Seating (Left to Right) Radhika Piramal Independent Director Arthur William De Haast
Slide 16: Market Overview
Market Overview 15
Slide 17: Trending on the right side
Trending on the right side Business ramp-up post second wave faster than ramp-up post first wave Travel restrictions being eased across geographies Steady month on month increase in domestic air traffic Domestic air-traffic in October reached 66% of pre- pandemic levels Steady progress in on
Slide 18: Growth underway
Growth underway 17
Slide 19: Proposed Development Pipeline in Key Business Districts
Proposed Development Pipeline in Key Business Districts Commercial Retail to Commercial Conversion Location: Renaissance Complex, Powai Location: JW Marriott Complex, Sahar Est. opening: 20231 Est. opening: 20221 Total Build Up Area: ~0.75 mn Sqft Total Build Up Area: ~0.12 mn Sqft Hotel (Expansion)
Slide 20: Ongoing Projects
Ongoing Projects The Commercial Tower in Renaissance Complex, Powai is a premium office space of ~0.75 msf. Expected to be completed by Q4FY23 The Commercial Tower in Marriott Complex, Whitefield, Bengaluru is a premium office space with leasable area of ~0.66 msf. Given the labour situation, lockdo
Slide 21: Real-estate development in Koramangala, Bengaluru
Real-estate development in Koramangala, Bengaluru 9 residential towers of 10 floors each 2 residential towers of 11 floors each New Commercial block for strata sale ~Rs. 4,250 mn estimated cost to completion Project expected to be completed by FY26 A luxury residential offering by K Raheja
Slide 22: Re-strategizing
Re-strategizing Repurposing assets : Stabilize returns Inorbit Mall Repurposing to commercial space Whitefield, Bengaluru Exit negotiations with tenants almost closed Conversion expected to take 9 months 0.3 mn sq ft of Retail area Conversion underway Retail cum Office block 7 retail F&B t
Slide 23: Business Performance
Business Performance 22
Slide 24: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) COVID Impact CAGR Particulars H1FY22 FY21 FY20 FY19 FY18 FY17 FY17-FY20 Revenue from Operations 1,960 2,868 9,811 9,872 7,955 6,803 13.0% Other income 150 222 279 476 557 2,187 Total Income 2,110 3,090 10,090 10,348 8,513 8,990 3.9% Total Expenditure
Slide 25: Hospitality Portfolio Performance
Hospitality Portfolio Performance ADR (Rs.) Occupancy % (In Rs. Mn) 8,218 8,482 73% 76% 71% 7,822 7,840 67% 46% 4,040 3,743 30% FY17 FY18 FY19 FY20 FY21 H1FY22 FY17 FY18 FY19 FY20 FY21 H1FY22 Revenue Segment Profit* 8,395 9,137 8,755 6,807 3,401 3,720 3,375 2,476 2,021 1,416 78 FY17 FY18 FY19 FY20 F
Slide 26: Hospitality City-wise performance
Hospitality City-wise performance CAGR H1FY22 FY21 FY20 FY19 FY18 FY17 FY17-20 Total Keys 2,554 2,554 2,554 2,331 2,328 2,259 4.2% ADR (Rs.) MMR 3,738 4,056 8,309 8,086 7,629 7,700 2.6% Bengaluru 4,088 4,611 9,093 8,756 8,620 8,9681 0.5% Hyderabad 4,193 4,161 8,688 8,205 7,896 7,792 3.7% H1FY22 Reve
Slide 27: Rental Assets
Rental Assets (In Rs. Mn) Revenue Segment Profit* Margin % 724 78% 85% 617 1003 926 517 61% 610 391 29% 24% 241 19% 141 70 93 27 FY17 FY18 FY19 FY20 FY21 H1FY22 FY17 FY18 FY19 FY20 FY21 H1FY22 FY17 FY18 FY19 FY20 FY21 H1FY22 * Segment Profit before Interest Depreciation and Tax Includes Straight Lin
Slide 28: Leverage Position
Leverage Position (In Rs. Mn) Net Debt Movement Interest Rate Movement (Rupee Loans) 19,538 20,421 18,711 8.04% 47 7.92% 1,710* Bps 17,184 18,099 19,087 7.57% *Rs. 1,357 Mn Project expenses 1,527 1,439 1,334 Mar-21 Jun-21 Sep-21 Mar-21 Jun-21 Sep-21 ECB Loans Rupee Loan Excluding Preference Share Ca
Slide 29: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement (In Rs. Mn) Particulars Sep 30, 2021 Mar 31, 2021 March 31, 2020 March 31, 2019 March 31, 2018 Fixed Assets 20,803 20,620 22,825 20,492 21,211 Capital Work in-progress 418 358 875 342 218 Investment Property 11,240 9,951 7,138 6,810 6,737 Goodwill 226 226 226 226
Slide 30: 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 31: Thankyou
Thankyou 30
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