City Lodge Hotels Limited · JSE:CLH
City Lodge Hotels — H1 2021 Earnings Presentation
16 slides from City Lodge Hotels's earnings presentation, Feb 25, 2021
Slide 1: City Lodge Hotel Group Interim Results December 2020
Interim Results | December 2020 CITY LODGE HOTEL GROUP
Slide 2: Disclaimer
DISCLAIMER 25 February 2021 invitation or inducement to subscribe for or purchase any Certain statements in this document may constitute ’forward securities, and nothing contained herein shall form the basis of looking statements’. Such forward looking statements reflect the any contract or commitme
Slide 3: Year-End Results: Financial Highlights
YEAR-END RESULTS Financial Highlights 31 December 2020 31 December 2019 % change Average group occupancies – all hotels 17% 54% -37% points Average SA occupancies – all hotels 18% 57% -39% points Average group occupancies – open hotels 27% Average SA occupancies – open hotels 29% Revenue R215,6 mill
Slide 4: Group Structure
GROUP STRUCTURE CITY LODGE HOTEL GROUP | INTERIM RESULTS 31 DECEMBER 2020 4
Slide 5: Our Board
OUR BOARD Executive Directors: • Andrew Widegger Chief Executive Officer • Dhanisha Nathoo Chief Financial Officer • Lindiwe Siddo Chief Operating Officer Non-executive Directors: • Bulelani Ngcuka Chairman • Frank Kilbourn Lead Independent • Deon Huysamer • Sizakele Marutlulle • Ndumi Madupe • Stua
Slide 6: Our Management Team
OUR MANAGEMENT TEAM Executive Committee • Andrew Widegger (Chief Executive Officer) • Dhanisha Nathoo (Chief Financial Officer) • Lindiwe Siddo (Chief Operating Officer) • Tony Balabanoff (Divisional Director: Operations) • Zuki Jantjies (Divisional Director: Sales & Marketing) • Marcel Kobilski (Di
Slide 7: Group Hotel Portfolio
GROUP HOTEL PORTFOLIO UPSCALE UPPER MIDSCALE ECONOMY CITY LODGE HOTEL GROUP | INTERIM RESULTS 31 DECEMBER 2020 7
Slide 8: Development Pipeline
DEVELOPMENT PIPELINE • Courtyard Hotel Waterfall City South Africa March 2021 168 rooms Total hotels including pipeline 63 Total rooms including pipeline 8,070 CITY LODGE HOTEL GROUP | INTERIM RESULTS 31 DECEMBER 2020 8
Slide 9: Brand Overview
BRAND OVERVIEW Geographic spread of rooms Fairview Hotel Gauteng 47.5% Western Cape 11.4% KZN 10.9% • 1 hotel Eastern Cape 8.8% Kenya 4.7% Free State 2.7% • 127 rooms Mpumalanga 2.5% North West 2.2% Tanzania 1.8% Courtyard Hotels Mozambique 1.8% Namibia 1.8% Botswana 1.3% • 6 hotels Limpopo 1.3% Nor
Slide 10: Capital Allocation
CAPITAL ALLOCATION R’000 Investment to expand operations: 29,483 • City Lodge Hotel Maputo, Mozambique 12,594 • Courtyard Hotel Waterfall City, South Africa 16,889 Investment to maintain operations: 1,345 • IT infrastructure includes WiFi project 636 • Borehole installations 110 • General Capex 599
Slide 11: South African Portfolio Performance
SOUTH AFRICAN PORTFOLIO PERFORMANCE • Average occupancy % decreased by 39% points to 18% (open hotels – 29%). • Average room rate decreased by 13% compared to the prior year. • Continued to maintain the strict cost containment measures to reduce the cash burn of the organisation following the travel
Slide 12: Courtyard Hotel Waterfall City – March 2021 opening
Courtyard Hotel Waterfall City – 1 March 2021 opening CITY LODGE HOTEL GROUP | INTERIM RESULTS 31 DECEMBER 2020 12
Slide 13: Courtyard Hotel Waterfall City – March 2021 opening
Courtyard Hotel Waterfall City – 1 March 2021 opening CITY LODGE HOTEL GROUP | INTERIM RESULTS 31 DECEMBER 2020 13
Slide 14: Beyond South Africa Portfolio Performance
BEYOND SOUTH AFRICA PORTFOLIO PERFORMANCE • Lockdown measures and travel restrictions in all territories in which CLHG operates have resulted in mostly decreased occupancies for the year: • Kenyan operation occupancies were down by 29 percentage points, and 2 of the hotels remain closed • Gaborone o
Slide 15: Beneficial Shareholders Exceeding 1%
BENEFICIAL SHAREHOLDERS EXCEEDING 1% at 28 December 2020 CITY LODGE HOTEL GROUP | INTERIM RESULTS 31 DECEMBER 2020 15
Slide 16: Outlook
OUTLOOK • The second wave of Covid-19 infections which lead to beach closures, curfews and alcohol restrictions, meant that January 2021 occupancy expectations were underwhelming. Easing of measures and the drop in new infections showed a steady improvement in February occupancies. • It is encouragi