Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Investor Presentation (May 2025)
40 slides from Chalet Hotels's investor presentation, May 2025
Slide 1: Corporate Presentation
CHALET HOTELS LIMITED CORPORATE PRESENTATION November 2024 CHALET HOTELS LIMITED CORPORATE PRESENTATION May 2025
Slide 2: Safe Harbor
Safe Harbor This release has been prepared by Chalet Hotels Limited (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
Slide 3: K Raheja Corp – Group Overview
K Raheja Corp – Group Overview Over 6 Decades Pan India USD 5.4 Bn (4) of experience Market Capitalization presence of 3 listed entities Office Hospitality Malls Residential Retail Leasable Area c. 5,000+ keys (2) 7 malls Developed residential Operates 284 retail c. 59 msf(1) spaces across 5 stores
Slide 4: Chalet Hotels – Overview
Chalet Hotels – Overview Hotels Keys Brands Commercial Assets (msf) 11 5 3,314 ~1,250* 11# 2 2.4 0.9 Operational Pipeline Operational Pipeline In Existing assets In Pipeline assets Operational Pipeline Active Asset Management & Operating Model Growth From Quality Developments & Acquisitions ❑ New de
Slide 5: Chalet: At the inflection point
Chalet : At the inflection point Focused on remaining at the forefront of growth Operating Efficiencies & Margins amongst best# ▪ Addition of 262 keys in the operating portfolio ▪ Improvement in Consolidated EBITDA margins from during FY25 42.1% in FY24 to 44% in FY25 ▪ Building up a pipeline to inc
Slide 6: Hospitality: Existing Portfolio
Hospitality: Existing Portfolio 3,314 Keys MUMBAI JW Marriott Mumbai Sahar The Westin Mumbai Powai Lake Lakeside Chalet, Mumbai - Four Points By Sheraton Navi 588 Keys 604 Keys Marriott Executive Apartments Mumbai, Vashi 173 Keys 152 Keys NATIONAL PUNE KHANDALA CAPITAL REGION Novotel Pune Nagar Road
Slide 7: Rental & Annuity: Existing Portfolio
Rental & Annuity: Existing Portfolio MUMBAI BENGALURU The Orb - Retail & Office Tower CIGNUS Powai® Tower I CIGNUS Whitefield Bengaluru® Complex 0.5 Mn Sq. ft. 0.9 Mn Sq. ft. 1 Mn Sq. ft. 7
Slide 8: Poised to benefit from favorable industry trends
Poised to benefit from favorable industry trends 8
Slide 9: Strong India story
Strong India story Governments emphasis on ‘Make in India’ & ‘Dekho Apna Desh’* 9.2% CAGR growth expected in per-capita income (FY 25 – FY30)1 India GDP Strong push on Toursim related infrastructure development Growth Rate 9.8% Sector’s GDP contribution to grow 25x to US$1 tn by 2047$ Expected over
Slide 10: Tourism and Infrastructure growth to boost hospitality demand
Tourism and Infrastructure growth to boost hospitality demand Tourism on the rise Tourism showing a sustained growth Air Traffic Resurgence – 21% With Access Infrastructure Establishing presence in cities handling 65% of above pre-pandemic levels1 Improving India’s reported Air traffic in FY251 Air
Slide 11: Hospitality Sector in India is Significantly underpenetrated
Hospitality Sector in India is Significantly underpenetrated… Number of Hotel Keys per mn. sq. ft. Office Space (Dec 2023) 651 529 289 174 149 106 94 78 New York San Francisco London Pune Hyderabad Bangalore Mumbai NCR Source: Horwath HTL Data as on 31 Dec 2023 11
Slide 12: Long-term demand growth outpacing supply growth
…with Long-term demand growth outpacing supply growth Segmental Share of Supply (FY 23 – FY 27) Demand - Supply Growth (FY 23 – FY 27) 11.2% 10.3% 9.5% 7.2% 11.6% 5.3% Pan India 9.0% 6.0% Pune 2.5% 10.0% Bengaluru 5.9% 10.0% Delhi 4.6% 80% hotel inventory * of Chalet Hotels Hyderabad 8.0% ~87% hotel
Slide 13: Q4 FY25 & FY25 Highlights
Q4 FY25 & FY25 HIGHLIGHTS
Slide 14: Overview
Overview BEST EVER ROBUST REVENUE : 27% SUSTAINABLE & QUARTER OPERATIONAL METRICS EBITDA : 36% DIVERSIFIED GROWTH ✓ Strong Pipeline & diversified portfolio ✓ 6.3% expected GDP growth in FY261 Strong Resilient Business ✓ Resilient operational efficiency ✓ Rooms demand to outpace supply* Macro Story ✓
Slide 15: New Acquisition – The Westin Resort & Spa, Himalayas
New Acquisition – The Westin Resort & Spa, Himalayas Expanding our luxury portfolio with a high-impact asset addition, aligned with our long-term growth strategy Luxury 141 key luxury wellness resort Wellness Retreat Enterprise Value: INR 5.3 billion Major Leisure Strategic Destination Positioning F
Slide 16: 2nd Luxury Beachfront Resort in Goa
2nd Luxury Beachfront Resort in Goa Board approval received for entering into a binding term sheet for the acquisition of land under an SPV GOA Luxury Resort in Enterprise Value: Bambolim, North Goa INR 1.4 bn ~170 keys 15 Acres of Beach Front Land *Artist Renderings
Slide 17: Consolidated Performance Highlights: Q4FY25
Consolidated Performance Highlights: Q4FY25 Best quarter ever – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin (%) 3.3 27% 36% 47.8% pp 5,374 2,569 4,645 45.5% 2,114 44.5% 4,244 1,890 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 Q4FY24 Q3FY25 Q4FY25 YoY 17
Slide 18: Consolidated Performance Highlights: FY25
Consolidated Performance Highlights: FY25 Fiscal Year 2025 – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin (%) 1.9 22% 28% pp 17,541 7,722 44.0% 14,370 6,044 43.0% 42.1% 11,780 5,023 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 YoY 18
Slide 19: Hospitality Performance Highlights: Q4FY25
Hospitality Performance Highlights: Q4FY25 Best quarter ever – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin Q4FY25 like for like Margin 70 20% 22% at 50.0% (up 1.4 pp)# bps 4,598 48.5% 2,228 47.8% 3,830 1,263 1,832 1,190 3,021 2,379 Q4FY24 Q4FY25 Room F&B Other Tot
Slide 20: Hospitality Performance Highlights: FY25
Hospitality Performance Highlights: FY25 Fiscal Year 2025 – Highest Revenue, EBITDA & EBITDA Margin In Rs. Mn. REVENUE EBITDA EBITDA Margin FY25 like for like Margin at 33 18% 19% 46.1% (up 90 bps)# bps 15,209 6,804 44.4% 44.7% 12,930 5,742 4,545 4,009 9,630 7,993 FY24 FY25 Room F&B Other Total FY24
Slide 21: Hospitality: Geography wise
Hospitality: Geography wise Same Portfolio level Q4FY25 Q4FY24 YoY% store* FY25 FY24 YoY% YoY% ADR (Rs.) MMR 14,122 12,173 16% 16% 12,032 11,121 8% Others 14,570 11,474 27% 24% 12,163 10,188 19% Combined 14,345 11,862 21% 19% 12,094 10,718 13% Occupancy (%) MMR 80% 81% -1 pp -1 pp 77% 77% 0 pp Other
Slide 22: Hospitality: Geography wise
Hospitality: Geography wise Q4FY25 Geography wise movement % Occupancy Change ADR Change 16% 36% 30% 8% 24% 18% 12% 0% 6% 0% -8% MMR Pune Hyderabad Bangalore MMR Pune Hyderabad Bangalore Revenue Mix Q4FY25 FY25 5% 3% 5% 5% 5% 1% 1. Overall Portfolio RevPAR 13% 13% growth for Q4FY25 jumps to 21% led
Slide 23: Hospitality: Business segment wise
Hospitality: Business segment wise Portfolio level Q4FY25 Q4FY24 YoY% FY25 FY24 YoY% ADR (Rs.) Business Hotels 14,158 11,870 19% 11,972 10,751 11% Segment Mix Resorts 17,259 11,432 51% 14,756 9,342 58% FY25 In Rs. Mn. Combined 14,345 11,862 21% 12,094 10,718 13% 6% Occupancy (%) Business Hotels 79%
Slide 24: Hospitality: Business segment wise, FY25
Hospitality: Business segment wise, FY25 Channel Mix (%) – FY25 Segmentation (%) – FY25 14% 19% 8% 0% 19% 0% 25% 10% 52% 10% 70% 73% 51% 48% Business Hotels Resorts Business Hotels Resorts Direct (Property, Voice, Others) Transient Groups Contract e-channel (OTA) Guest Mix (%) – FY25 Revenue Mix – B
Slide 25: Hospitality: Strong Operating Efficiencies
Hospitality: Strong Operating Efficiencies Total expenses % of Revenue 55.6% 55.3% 52.2% 51.5% Q4FY24 Q4FY25 FY24 FY25 Staff to room ratio* Utilities % of Revenue Payroll Costs % of Revenue 1.01 5.2% 5.1% 13.2% 12.8% 0.93 11.9% 11.7% 4.1% 4.2% Mar-24 Mar-25 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24
Slide 26: Rental & Annuity: Performance Highlights
Rental & Annuity: Performance Highlights Particulars Sahar Powai Bengaluru Total (Rs. Mn.) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Leasable Space (Sq Ft in Mn) 0.5 0.9 1.0 2.4 Total Revenue 619 354 75% 1,970 1,241 59% Leased Space (Sq Ft in Mn) 0.5 0.5 0.7 1.7 EBITDA 498 272 83% 1,540 988 56% Occupancy (%)
Slide 27: Real-estate Development in Bengaluru
Real-estate Development in Bengaluru No. of Avg Sale Price As of FY25 (Msf) Units (Rs. psf) Residential (1+2+3) 0.86 321 1 Historical sales 0.28 83 ~7,700 2 New Sales (A+B+C) 0.52 211 ~19,900 A FY24 0.29 188 ~18,800 B 9M FY25 0.16 67 ~21,700 C Q4FY25 0.06 23 ~19,800 3 Unsold 0.06 27 Commercial 0.15
Slide 28: Profit & Loss Statement
Profit & Loss Statement Particulars (in Rs. Mn) Q4FY25 Q3FY25 QoQ% Q4FY24 YoY% FY25 FY24 YoY% Total Income 5,374 4,645 16% 4,244 27% 17,541 14,370 22% Total Expenditure 2,805 2,531 11% 2,354 19% 9,819 8,327 18% EBITDA 2,569 2,114 22% 1,890 36% 7,722 6,044 28% Margin % 47.8% 45.5% 2.3 pp 44.5% 3.3 pp
Slide 29: Leverage Position
Leverage Position in Rs. Mn Mar-25 Mar-24 Mar-23 Mar-19 Mar-18 Allocable to operating assets 13,139 11,486 11,768 13,572 23,323 Allocable to under-construction/to be 6,771 ~13,600 ~12,600 ~900 ~3,700 operationalized assets Capital productivity Net Debt 19,909 25,086 24,368 14,472 27,023 Optimal leve
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (in Rs. Mn) Mar 25 Mar 24 Fixed Assets 30,908 24,464 Investment Properties 19,984 18,447 Capital Work in Progress (Inc Investment Property under construction) 1,832 369 Right of use asset 395 460 Goodwill 817 686 Other Non-Current assets 5048 4,248 Cash and Cas
Slide 31: Chalet's Pipeline: Growth From Quality Development & Acquisitions
Chalet’s Pipeline : Growth From Quality Development & Acquisitions leading to Value Creation 31
Slide 32: Strong Pipeline
Strong Pipeline Under construction New Rooms/ Leasable area Location Completion update The Dukes Retreat Renovation & Expansion Phase 1 opened in August’24 67 Khandala Original inventory – 80 Phase 2 – H1 FY26 Taj at Delhi International Airport 385-390 rooms New Delhi H1 FY27 New Hotel at Varca, Goa
Slide 33: Hospitality Pipeline
Hospitality Pipeline 4,564 Keys 3,964 Keys ~1,250 3,774 Keys Rooms 3,389 Keys 3,314 Keys May 25 FY26E FY27E FY28E + 67 Keys + 385 Keys + 190 Keys +600 Keys 67 Keys ~385-390 Keys ~190 keys ~280 Keys The Dukes Retreat ‘Taj’ at Terminal 3, Delhi Upper-upscale hotel in ‘Hyatt Regency’, Airoli, MMR Airpo
Slide 34: Focused on ramping-up in-house capabilities in hotel management
Focused on ramping-up in-house capabilities in hotel management • Pipeline : Hyatt Regency at Airoli and Taj at Delhi • Apart from traditional asset management, International Airport will be under franchising Chalet has also been focused on building model Adding the capabilities and talent pool for
Slide 35: Our Sustainability Story
Our Sustainability Story DJSI SCORE ENERGY WATER & WASTE E Mobility Corporate Sustainability Assessment MANAGEMENT MANAGEMENT 67 60% Wet waste treated through organic waste composters 100% Operational assets have EV charging Placed 6th in the world Renewable energy FY25 Recycling of wastewater stati
Slide 36: Climate Change Actions
Climate Change Actions Initiative RE100 (Renewable EP100 (Energy Productivity): EV100 (Electric Vehicles): Energy): Move to 100% Double energy productivity Move entire fleet to EVs for renewable energy by (revenue per unit of electricity guest transportation by consumed) by 2028 2025 2030 The Compan
Slide 37: Led by an Experienced Board
Led by an Experienced Board Mr. Hetal Gandhi Mr. Arthur De Haast Chairman & Independent Director Independent Director Co-Founder & MD Tano India Advisors Pvt. Ltd. Chairman of JLLs Global Capital Markets Advisory Council Mr. Joseph Conrad D’Souza Ms. Radhika Piramal Independent Director Independent
Slide 38: Profit & Loss Statement – 7 Year trend
Profit & Loss Statement – 7 Year trend Particulars (Consolidated) (in Rs. Mn) FY25 FY24 FY23 FY22 FY21 FY20 FY19 ADR 12,094 10,718 9,169 4,576 4,040 8,482 8,210 Occupancy 73% 73% 72% 51% 30% 71% 77% RevPAR 8,781 7,776 6,605 2,355 1,214 6,022 6,283 Total Income 17,541 14,370 11,780 5,297 3,075 10,087
Slide 39: Balance Sheet – 7 Year trend
Balance Sheet – 7 Year trend Particulars (in Rs. Mn) FY25 FY24 FY23 FY22 FY21 FY20 FY19 Inventory Hotels 11 10 8 7 7 7 6 Rooms 3,193 3,052 2,634 2,554 2,554 2,554 2,311 Capital Employed 48,596 38,368 38,531 35,821 32,276 32,816 28,348 Investments# 11,409 6,596 5,985 3,489 1,433 3,277 656 Net Worth 3
Slide 40: Thank You
Chalet Hotels Limited Thank You Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 Investor Relations Contact: Ruchi Rudra ruchi.rudra@chalethotels.com Abhyjeet Bhansali abhyjeet.Bhansali@chalethotels.com investorrelations@chalethotels.com