Banyan Tree Holdings Limited · SGX:B58
Banyan Tree — FY2024 Earnings Presentation
28 slides from Banyan Tree's earnings presentation, February 2025
Slide 1: FY2024 Result Briefing
FY2024 =| RESULT ~3 > BRIEFING ~~. vad > rn banyangroup | & “
Slide 2: Disclaimer
Disclaimer This document is provided to you for information only and should not be relied on or used as a basis for making any specific investment, business or commercial decision. No representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the informatio
Slide 3: Agenda
Agenda 1. OVERVIEW 2. KEY SEGMENTS BUSINESS REVIEW 3. OUTLOOK 4. QUESTIONS & ANSWERS Strictly for internal circulation only | 3
Slide 4: Overview
Overview FY2024 RESULT BRIEFING Strictly for internal circulation only |
Slide 5: Group Financial Highlights
Group Financial Highlights Variance (S$ million) FY24 FY23 FY24 vs FY23 Revenue 380.6 327.9 16% Core Operating Profit1 69.0 48.2 43% Operating Profit 103.2 90.1 15% PATMI2 42.1 31.7 33% 1 Core Operating Profit = Operating Profit excluding one-off gains or losses (Operating Profit = EBITDA (Earnings
Slide 6: Executive Summary
o Revenue surged by S$52.7m (+16%), driven by stronger contributions across all business Executive segments, leading to a Core Operating Profit growth of S$20.8m (+43%) due to higher revenue and improved operational efficiency. Summary o Owned hotels achieved a 17% increase in RevPAR in FY24, led by
Slide 7: Key Figures
Key Figures1 60% 51% S$0.86 S$0.80 S$115.4m S$131m discount discount NAV2 Per Share Share Price3 / NAV Cash and Overall, several positive trends Cash Equivalents are evident from the following indicators: NAV per share increased from S$0.80 in Dec’23 to S$0.86 in Dec’24 (up by 7%). This 25% S$0.6b
Slide 8: Key Segments Business Review
Key Segments Business Review FY2024 RESULT BRIEFING Strictly for internal circulation only |
Slide 9: Segment Performance FY24 vs. FY23
Segment Performance FY24 vs. FY23 Hotel Investments Residences Fee-Based Segment Head Office Expenses Total S$’Mil FY24 FY23 Var FY24 FY23 Var FY24 FY23 Var FY24 FY23 Var FY24 FY23 Var Revenue 196.9 180.7 16.2 104.1 87.3 16.8 79.6 59.9 19.7 - - - 380.6 327.9 52.7 Expenses (151.4) (148.1) (3.3) (81.7
Slide 10: Hotel And Fee-Based Business
Hotel And Fee-Based Business 1 FY2024 RESULT BRIEFING Strictly for internal circulation only | 0
Slide 11: RevPAR FY2024 vs FY2023
FY2024 vs FY2023 RevPAR US$ RevPAR FY 150 138 The revenue per available room 118 123 (“RevPAR”) for all hotels on a 130 138 same store1 basis surged by 4% 116 to US$123, primarily driven by 110 101 higher occupancy and average 97 room rates in our owned and 106 103 managed hotels in Asia 90 95 (excl
Slide 12: Hotel Opened/Rebranded in 2024
NO BRAND HOTEL NAME COUNTRY OPENING DATE REMARK Hotel Opened/ 1 Banyan Tree BT Dongguan Songshan Lake China 9-Jan-24 New Rebranded in 2 3 Angsana Banyan Tree AN Suzhou Shishan BT Suzhou Shishan China China 18-Mar-24 18-Mar-24 New New 2024 4 Homm HO Stay Nagi Shijo Kyoto Japan 1-Apr-24 New 5 Homm HO
Slide 13: New Contracts Signed in 2024
New Contracts Signed in 2024 Signed 18 contracts in 2024, including HMAs and Residences. Projects span 13 countries across 8 brands, driving global growth. Includes 2 Accor co-development projects under the Banyan Tree brand in Montenegro and UAE. Strictly for internal circulation only | 13
Slide 14: Residences Segment (Property Sales)
Residences Segment (Property Sales) 1 FY2024 RESULT BRIEFING Strictly for internal circulation only | 4
Slide 15: Sales Progress
Sales Sales Progress Progress Unit 500 432 units 408 units Impressive Sales Growth 400 Gross Sales $61m Continues 300 Gross sales increased by 23% (S$61m) in FY24, achieving a 200 record-breaking performance. S$328.8m S$267.8m 100 Higher sales mainly from Laguna Lakelands (S$65.4m) & Laguna Bayside
Slide 16: Outlook
Outlook FY2024 RESULT BRIEFING Strictly for internal circulation only |
Slide 17: Outlook
o As of January 15, 2025, forward bookings for owned hotels show an 8% increase in 1Q25 Outlook compared to 1Q24, driven by Thailand and Maldives. Managed hotels saw a 6% increase, mainly from Asia, including China, Thailand, Vietnam, and Japan. o The Group is set to open 10 more properties in 2025,
Slide 18: Projected Pipeline Growth
Projected Pipeline Growth1 CAGR of 10% based on expected projects completion dates, 31 new hotels to be opened in next 3 years. Strengthening the multi-branded ecosystem, focused on expanding and reinforcing a diverse portfolio of brands. Room keys estimated to grow by 34% to over 17,000 keys by end
Slide 19: Forward Bookings
Forward 1Q25 vs 1Q24 Bookings1 US$'M Forward Bookings1 (OTB) +7% Strong overall growth of $70 7% across all clusters $60 China: Strong travel recovery, with $50 higher 1Q25 bookings partly due to earlier CNY vs. last year. $40 70.5 Asia (owned & managed): Strong 66.2 $30 +8% demand led by key market
Slide 20: New Hotels Opened In 2024
New Hotels Opened In 2024 FY2024 RESULT BRIEFING Strictly for internal circulation only | 20
Slide 21: Banyan Tree and Garrya Yangcheng Lake, China
Banyan Tree and Garrya Yangcheng Lake, China Strictly for internal circulation only | 21
Slide 22: Garrya Xianju, China
Garrya Xianju, China Strictly for internal circulation only | 22
Slide 23: Angsana Tengchong, China
Angsana Tengchong, China Strictly for internal circulation only | 23
Slide 24: Banyan Tree Higashiyama Kyoto, Japan
Banyan Tree Higashiyama Kyoto, Japan Strictly for internal circulation only | 24
Slide 25: Angsana Quan Lan, Vietnam
Angsana Quan Lan, Vietnam Strictly for internal circulation only | 25
Slide 26: Banyan Tree Veya Valle de Guadalupe, Mexico
Banyan Tree Veya Valle de Guadalupe, Mexico Strictly for internal circulation only | 26
Slide 27: Questions & Answers
Questions & Answers FY2024 RESULT BRIEFING Strictly for internal circulation only |
Slide 28: Thank You!
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