Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q4 FY21 Earnings Presentation
25 slides from Chalet Hotels's earnings presentation, May 18, 2021
Slide 1: Chalet Hotels filing cover letter
CHALET HOTELS May 18, 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/ Madam,
Slide 2: Chalet Hotels Presentation Q4 & FY21
CHALET HOTELS Presentation QA4AFY21
Slide 3: Lead indicators for recovery
Lead indicators for recovery ✓ Ongoing Vaccination drive in India and the Globe ~3% of total population fully vaccinated and ~11% received their 1st dose ✓ Global Vaccination UK and US (Key markets for Chalet) have fully vaccinated ~30% and ~37% respectively ✓ China market bounces back Beijing hotel
Slide 4: Market performance FY21 - Key cities
Market performance FY21 - Key cities Occupancy % RevPAR (Rs.) 1803 39.0% 35.0% 1415 29.5% 28.0% 1127 23.8%24.0% 23.8% 993 19.0% 810 794 782 805 Mumbai Bengaluru Hyderabad Pune Mumbai Bengaluru Hyderabad Pune Industry Chalet Hotels Industry Chalet Hotels Occupancy % and RevPAR has been calculated on
Slide 5: Operational Overview
Operational Overview 4
Slide 6: Q-on-Q revenue growth
Q-on-Q revenue growth Q4FY21 (In Rs. Mn) 3,168 Q3FY21 Hospitality 71% Retail & Commercial 2,021 25% 11% Others 16% 43% 4% 74% 9% 15% 1,021 FY21 926 916 724 625 589 641 Retail & 313 359 Commercial 213 229 226 258 Hospitality 29% 64% Hospitality Retail & Commercial Total Income Q1 Q2 Q3 Q4 FY21 Others
Slide 7: Q-on-Q EBITDA performance
Q-on-Q EBITDA performance 724 (In Rs. Mn) Q4FY21 EBIDTA • is net of reversal of SEIS 139 income of Rs. 123 mn of previous year 27 253 • Includes Rs. 13 mn losses from 215 discontinued operations of 173 169 168 169 Sahar Retail 30 51 20 19 3 FY21 EBIDTA • is net of reversal of SEIS income of Rs. 123
Slide 8: Hospitality Performance: FY21
Hospitality Performance: FY21 Occupancy in March impacted due to Second Wave F&B segment benefiting from the easing of restrictions (In Rs. Mn) RevPAR (Rs.) Occupancy % Total Revenue Room Revenue F&B Revenue 2000 80% 800 800 1830 724 1800 700 700 1610 70% 1549 627 1600 1473 60% 600 600 1400 1,318 50
Slide 9: Hospitality City-wise Performance
Hospitality City-wise Performance Q4FY21 Q4FY20 YoY % FY21 FY20 YoY % ADR (Rs.) MMR 4,562 8,886 -49% 4,056 8,309 -51% Bengaluru 3,900 9,461 -59% 4,611 9,093 -49% Hyderabad 4,067 9,211 -56% 4,161 8,688 -52% Q4FY21 Revenue Rs. 724 Mn Pune 2,888 5,255 -45% 2,871 5,255 -45% Bengaluru Combined 4,173 8,89
Slide 10: Improving efficiencies – Hospitality FY21
Improving efficiencies – Hospitality FY21 ~50% reduction in ~70% reduction in 0.74 Staff to room ratio Mar-21 (1.08 as on March-20) Fixed costs Variable costs (1.18 as on Dec-19) Payroll Costs % of Revenue Utilities as a % of Revenue 64% 46% 37% 28% 29% 23% 18% 16% 14% 13% Q1 Q2 Q3 Q4 FY21 9
Slide 11: Retail & Commercial Performance
Retail & Commercial Performance Steady rental from Commercial portfolio (In Rs. Mn) FY21 Q4FY21 Q3FY21 Q2FY21 Q1FY21 Total Revenue 926 258 226 229 213 SLM 115 22 19 37 37 EBITDA 724 215 168 169 173 Margin % 78% 83% 74% 74% 81% Updates as of March 2021: • Sahar Office Tower • Inorbit Mall, Bengaluru
Slide 12: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q4FY21 Q3FY21 QoQ% Q4FY20 YoY% FY21 FY20 YoY% Total Income 1,021 916 11% 2,384 -57% 3,167 10,087 -69% Total Expenditure 957 737 30% 1,613 -41% 2,873 6,380 -55% EBITDA from Continuing operations 64 179 -64% 772 -92% 294 3,708 -92% EBITDA fr
Slide 13: Net Debt Position
Net Debt Position (In Rs. Mn) Average Cost of Rupee Loans: 8.04% (As on 31st March 2021) As on 31st March 2020 9.20% 54% of Loans: <8% (As on 31st March 2021) Consolidated March 31, 2018 March 31, 2019 March 31, 2020 March 31 , 2021 Gross Debt 27,093 14,942 17,907 19,389 Cash & Equivalent 70 470 1,3
Slide 14: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars March 31, 2021 March 31, 2020 (In Rs. Mn) Fixed Assets 20,620 22,825 Capital Work in-progress 358 875 Investment Property 9,951 7,138 Goodwill 226 226 Other Non-Current assets * 2,963 2,428 Cash and Cash Equivalents 677 1,337 Current Assets 5,093 5,29
Slide 15: 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 ~0.45 msf. Given the labour situation and loc
Slide 16: About
About 15
Slide 17: Employee Wellbeing
Employee Wellbeing Initiatives focused in dealing with Covid-19 • 1to1 Help _ Reach Out : Focused on Employee Mental Chalet has been certified as health a Great Place To Work by • EKIN Care : Medical advisory services for employee Great Place to Work © Institute India for a second • Mindspace App :
Slide 18: Chalet Cares
Chalet Cares Chalet War Room Term Insurance A dedicated team which is available 24*7 to help employees connect Incase of an unfortunate event, Chalets Corporate employee’s with leads in incase of emergencies. family receives One Yearly CTC as a lump sum amount, to ensure their financial security Med
Slide 19: Guest commitment – Initiatives rolled out by brand partners
Guest commitment – Initiatives rolled out by brand partners Marriott International Accor 18
Slide 20: More than just business…
More than just business… Distributing PPE kits and meals to front Health and Safety of the guest at the Lighting up hearts, as we look forward to line workers forefront better times! 19
Slide 21: Sustainable tomorrow
Sustainable 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 Bengaluru ✓ Reduce energ
Slide 22: 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 Four Points by Sheraton Navi Lakeside Chalet, Mumbai-Marriott Executi
Slide 23: Hotel-led Complementary Mixed-Use Developments
Hotel-led Complementary Mixed-Use Developments Strategy of co-locating projects augur well for Business Demand coupled with optimal utilization of available land Office and Retail (0.9 Mn sqft) Office Tower Inorbit Mall Whitefield, Bengaluru Whitefield, Bengaluru 0.1 mn sq ft 0.3 mn sq ft of Retail
Slide 24: 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 25: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051