Slide 1: Submission of presentation to investors/analysts (exchange cover letter)
CIN:L55101WB1949PLC017981 CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM 28th June 2020 The National Stock Exchange BSE Limited The Calcutta Stock Exchange of India Limited Corporate Relationship Dept. Limited Exchange Plaza, 5th Floor
Slide 2: Investor Presentation [Q4 FY20]
INVESTOR PRESENTATION [Q4 FY20] 29th June 2020
Slide 3: Contents
CONTENTS 1. Business Overview 2. Presence 3. Balanced Portfolio 4. Business Expansion 5. Operational Statistics 6. Financials 7. Impact of Covid-19 8. Preparing for a post –Covid World “The New Normal” 1
Slide 4: Rooms; 30 Hotels 2 Cruisers
4572 Rooms; 30 Hotels & 2340 Rooms*; 2 Cruisers 2232 Rooms; 19 Hotels & 11 Hotels 2 Cruisers * Includes The Oberoi, Marrakech opened on 1st December 2019 2
Slide 5: Business Overview
Business Overview Hotels Oberoi Hotels & Resorts Trident Hotels Business / Leisure Hotels in First class hotels of the premium segment International standard Operating in 6 countries – Operations in India India, Mauritius, Egypt, UAE, Morocco and Indonesia Operations Flight Catering Other Bu
Slide 6: Presence
Presence Gurgaon (202) Gurgaon (136)(3) Mashobra, Shimla Hills Shimla (75) International(2) (85) The Oberoi Gurgaon(3) The Oberoi Cecil (2) Wildflower Hall(2) EGYPT Jaipur (71) Jaipur (134)(2) New Delhi (220) New Delhi (54) The Oberoi, The Oberoi Sahl Hasheesh (102) Chandigarh (65) The Oberoi(1) Mai
Slide 7: Our journey so far
Our journey so far…. 1934 - Rai Bahadur Mohan Singh Oberoi founded the Oberoi Group in 1934. 1949 - The Company was incorporated as a public limited company in India on 26 May 1949 1956 - Equity shares listed on the BSE 1957- Started our flight services business 1965 – Built the first hote
Slide 8: Our journey so far
Our journey so far…. 2008- The alliance with Hilton International ended and "Trident" Hilton hotels and the Hilton Towers hotel were renamed "Trident" hotels. 2009 - Trident hotel at Bandra Kurla Complex in Mumbai commenced operations 2010- EIH International Limited, a wholly owned subsidiary
Slide 9: Major recognitions received by Oberoi Hotels and Resorts (Domestic)
Major recognitions received by Oberoi Hotels and Resort (for Domestic) Hotel Award Awarded By The Oberoi, New Delhi IT List 2019 Travel + Leisure, USA The World's Best Hotels and Resorts for Travel + Leisure, USA families 2019 The Oberoi Vanyavilās, Ranthambhore Top 25 Small Hotels - India (Ranked 1
Slide 10: Major recognitions received by Oberoi Hotels and Resorts (International)
Major recognitions received by Oberoi Hotels and Resort (for International) Hotel Award Awarded By The Oberoi Beach Resort, Sahl Hasheesh, Top 10 Luxury Hotels - Egypt (Ranked 2nd) Trip Advisor Travelers' Choice Awards 2019 Red Sea, Egypt The Oberoi Beach Resort, Mauritius Top 10 Luxury Hotels - Mau
Slide 11: The Oberoi Group Mission
THE OBEROI GROUP MISSION OUR DISTINCTIVENESS FOR OUR SHAREHOLDERS Together we shall continuing the Oberoi tradition As they have reposed their trust in us and our in the hospitality industry, striving for unsurpassed abilities, we believe it’s our responsibility & excellence in high potential locati
Slide 12: Pioneering Destinations - Domestic
Pioneering Destinations- Domestic THE OBEROI RAJVILAS THE OBEROI UDAIVILAS THE OBEROI, NEW DELHI THE OBEROI, CECIL 10
Slide 13: Pioneering Destinations - International
Pioneering Destinations- International THE OBEROI BEACH RESORT MAURITIUS THE OBEROI BEACH RESORT, BALI THE OBEROI AL ZORAH, AJMAN, UAE THE OBEROI SAHL HASHEESH, EGYPT 11
Slide 14: Balanced Portfolio
Balanced Portfolio Business Leisure The Oberoi Mumbai (287) The Oberoi Amarvilās (102)* The Oberoi Udaivilās (87) The Oberoi New Delhi (220) The Oberoi Rajvilas (71)* The Oberoi Vanyavilās (25) The Oberoi Grand, Kolkata (209) The Oberoi Sukhvilās (60)* The Oberoi M.V.Vrinda(8) The Oberoi, Ban
Slide 15: Business Expansion and Development
Business Expansion and Development International Agra Qatar Bandhavgarh The Oberoi, Doha The Oberoi Amarvilas(1) The Oberoi Bandhavgarh Kenya Rajgarh The Oberoi Masai Mara The Oberoi Rajgarh Palace Thailand The Oberoi &Trident, Koh Tan Ahmedabad Island The Oberoi Gir Nepal The Oberoi Kathmandu The O
Slide 16: Business Expansion - Domestic
Business Expansion - Domestic The Oberoi Rajgarh Palace : Located near Khajuraho, Madhya Pradesh. Work was making good progress till it was suspended due to the Covid lockdown. The hotel will provide luxury accommodation on a 62 acre site next to the Panna forest reserve. The Oberoi, Bandhavgarh
Slide 17: Business Expansion - International
Business Expansion - International The Oberoi, Marrakech : Opened in December 2019. All rooms and suites in this luxury hotel have private swimming pools. The hotel has received excellent reviews from guests who have stayed at the hotel. The hotel has also received many compliments from Travel Wri
Slide 18: Business Expansion - International
Business Expansion - International The Oberoi, Kathmandu : The hotel will be developed on a greenfield site measuring six acres. The proposed luxury hotel will be in close proximity to important tourist attractions of the Royal Palace, Thamel and other important business locations. The hotel will
Slide 19: Operational Statistics - Q4
OPERATIONAL STATISTICS – Q4 Domestic properties (Owned) 85.0% 16,000 80.9% 79.6% 77.8% 80.0% 76.1% 14,000 13,782 75.0% 13,713 12,928 12,000 70.0% 12,082 11,809 65.0% 10,000 63.7% 60.0% 8,000 55.0% 50.0% 6,000 45.0% 4,000 40.0% 2,000 35.0% 9,548 9,617 9,836 10,673 8,773 30.0% - Mar-16 Mar-17 Mar-18 M
Slide 20: Operational Statistics - YTD Q4
OPERATIONAL STATISTICS – YTD Q4 Domestic properties (Owned) 14,000 72.0% 72.0% 71.0% 12,200 70.0% 11,970 12,000 70.0% 67.0% 68.0% 11,245 10,000 10,695 10,202 62.0% 8,000 57.0% 6,000 52.0% 4,000 47.0% 2,000 7,308 7,639 7,879 8,490 8,133 42.0% - Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 RevPAR-Rs. Occupancy-
Slide 21: Operational Statistics - Q4
Operational Statistics – Q4 Domestic Properties (Owned & Managed) Occupancy (%) RevPAR (`) 76.09% 12,000 75.00% 10,343 19.1% 61.58% 19.0% 8,380 50.00% 8,000 25.00% 4,000 0.00% - Q4 March 19 Q4 March 20 Q4 March 19 Q4 March 20 Note: 1. Occupancy and RevPAR are for Domestic properties only. 2. Include
Slide 22: Operational Statistics - YTD Q4
Operational Statistics – YTD Q4 Domestic Properties (Owned & Managed) Occupancy (%) RevPAR (`) 10,000 75.00% 68.41% 65.93% 8,200 7,819 3.6% 8,000 4.5% 50.00% 6,000 4,000 25.00% 2,000 0.00% - YTD March 19 YTD March 20 YTD March 19 YTD March 20 Note: 1. Occupancy and RevPAR are for Domestic properties
Slide 23: Operational Statistics - Q4
Operational Statistics – Q4 Domestic + International (Owned & Managed) Occupancy (%) RevPAR (`) 73.63% 12,000 75.00% 10,569 58.13% 8,624 21.05% 18.40% 50.00% 8,000 25.00% 4,000 0.00% - Q4 March 19 Q4 March 20 Q4 March 19 Q4 March 20 Note: 1) Includes managed properties and pure management contracts.
Slide 24: Operational Statistics - YTD Q4
Operational Statistics – YTD Q4 Domestic + International (Owned & Managed) Occupancy (%) RevPAR (`) 10,000 75.00% 63.61% 8,663 8,284 66.35% 4.12% 8,000 4.37% 50.00% 6,000 4,000 25.00% 2,000 0.00% - YTD March 19 YTD March 20 YTD March 19 YTD March 20 Note: 1) Includes managed properties and pure mana
Slide 25: Operational Statistics - Q4 Brand Wise
Operational Statistics – Q4 Brand Wise ~ Domestic + International (Owned & Managed) Occupancy (%) RevPAR (`) Oberoi Hotels 75.00% 15,000 13,494 66.11% 10,827 23.93% 19.76% 50.29% 50.00% 10,000 25.00% 5,000 0.00% - Q4 March 19 Q4 March 20 Q4 March 19 Q4 March 20 Trident Hotels 8,000 7,176 90.00% 82.3
Slide 26: Operational Statistics - YTD Q4 Brand Wise
Operational Statistics – YTD Q4 Brand Wise ~ Domestic + International (Owned & Managed) Occupancy (%) RevPAR (`) Oberoi Hotels 75.00% 12,000 10,679 10,207 58.76% 4.63% 56.04% 4.42% 50.00% 8,000 25.00% 4,000 0.00% - YTD March 19 YTD March 20 YTD March 19 YTD March 20 Trident Hotels 8,000 90.00% 75.78
Slide 27: Q4 Financials (EIH Standalone)
Q4 Financials (EIH Standalone) Turnover (Rs. Cr) EBITDA (Rs. Cr) 500 470 200 80% 400 367 144 150 60% 103 300 cr 100 85 40% 200 23% 50 31% 20% 100 0 0 0% Q4 Mar 19 Q4 Mar 20 Q4 Mar 19 Q4 Mar 20 EBITDA Margin PAT (Rs. Cr) Net Worth (Rs. Cr) 20 5% 4% 2855 2919 3000 4% 64 cr 15 3% 2000 3% 10 13 16 2% 10
Slide 28: YTD FY20 Financials (EIH Standalone)
YTD FY20 Financials (EIH Standalone) Turnover (Rs. Cr) EBITDA (Rs. Cr) 1800 500 80% 406 1627 400 1600 309 60% 193 1434 cr 300 1400 40% 200 22% 1200 25% 20% 100 1000 0 0% YTD Mar 19 YTD Mar 20 YTD Mar 19 YTD Mar 20 EBITDA Margin PAT (Rs. Cr) Net Worth (Rs. Cr) 130 10% 9% 2855 2919 3000 125 7% 8% 64 c
Slide 29: Financial Performance (EIH Standalone) YTD FY20
FINANCIAL PERFORMANCE (EIH Standalone) YTD FY20 (Rs. Crore) MAR’20 MAR’19 INC / (DEC) Revenue 1,434.31 1,627.26 (192.95) Expenditure 1,124.89 1,221.12 (96.23) EBITDA 309.42 406.14 (96.72) Interest 49.51 46.36 3.15 Depreciation 134.20 123.01 11.19 Exceptional item – Profit / (loss) (16.61) (73.07) 56
Slide 30: IndAS 116 - Impact
IndAS 116 - Impact (Rs. Crore) YTD MAR’20 Changes due to YTD MAR’20 Adjustments YTD MAR’19 Comparable IndAS 116 Reported Basis Inc/(Dec)* Impact on Net Profit Rent 44.3 51.3 (13.5) 37.8 Depreciation and Amortization 123.0 121.7 12.5 134.2 Finance Cost 46.4 40.4 9.1 49.5 Profit before Tax 163.70 117.
Slide 31: Capital Structure with High Liquidity
Capital Structure with High Liquidity CAPITAL STRUCTURE DEBT OVERVIEW OVERVIEW Debt Repayment (in INR crores) Equity WACD FY25 47.93 INR 2935 cr. 8.6% Net Debt Debt to Equity FY24 58.65 INR 415 cr. 14% FY23 58.65 Undrawn Facilities Net Leverage FY22 0.14 x INR 263 cr. 58.65 FY21 46.80 29
Slide 32: Q4 Financials (EIH CFS)
Q4 Financials (EIH CFS) Turnover (Rs. Cr) EBITDA (Rs. Cr) 600 200 171 80% 531 431 450 150 60% 100 cr. 94 300 100 40% 32% 22% 150 50 20% 0 0 0% Q4 Mar 19 Q4 Mar 20 Q4 Mar 19 Q4 Mar 20 EBITDA Margin PAT (Rs. Cr) Net Worth (Rs. Cr) 50 10% 5000 40 8% 8% 4000 3082 3236 3000 154 cr 30 6% 4% 2000 20 33 4%
Slide 33: YTD FY20 Financials (EIH CFS)
YTD FY20 Financials (EIH CFS) Turnover (Rs. Cr) EBITDA (Rs. Cr) 2000 487 80% 1880 500 1800 1675 369 60% 205 400 cr. 1600 26% 40% 300 22% 1400 200 20% 1200 100 0% YTD Mar 19 YTD Mar 20 YTD Mar 19 YTD Mar 20 EBITDA Margin PAT (Rs. Cr) Net Worth (Rs. Cr) 200 12% 5000 10% 8% 10% 4000 3082 3236 150 8% 30
Slide 34: Financial Performance (EIH CFS) YTD FY20
FINANCIAL PERFORMANCE (EIH CFS) YTD FY20 (Rs. Crore) MAR’20 MAR’19 INC / (DEC) Revenue 1,674.69 1,879.61 (204.92) Expenditure 1,305.99 1,404.90 (98.91) Share of Net Profit of Associates and JVs (0.14) 12.30 (12.44) EBITDA 368.56 487.01 (118.45) Interest 55.61 50.44 5.17 Depreciation 146.46 132.56 13
Slide 35: Historical Financials (EIH CFS)
Historical Financials (EIH CFS) Turnover (Rs. Cr) EBITDA (Rs. Cr) 2000 1880 600 40% 1700 1618 1705 1675 487 1600 500 422 374 369 30% 400 309 1200 300 20% 800 200 400 10% 100 0 0 0% Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 EBITDA Margin PAT (Rs. Cr) Net Worth (Rs. Cr) 200
Slide 36: Impact of Covid-19 Pandemic effect on business
Impact of Covid-19 Pandemic effect on business 2000 2,000 1800 1,800 ROOM NIGHTS 1600 1,600 ROOM NIGHTS 1400 1,400 1200 1,200 1000 1,000 800 800 600 400 600 200 400 0 200 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 0 1 2 3 4 5 6 7 8 9 101112131415161718192021222324252627282930 MARCH APRIL 1,800 1,600
Slide 37: Preparing for a Post-Covid World: The New Normal
PREPARING FOR A POST-COVID WORLD THE NEW NORMAL 35
Slide 38: Post Covid Strategies
Post Covid Strategies Enhanced safety and hygiene – Oberoi Shield Partnership with Bureau Veritas Mandatory Safety Protocols Processes like: • Complete end to end contactless Check-In/Check-Out • Contactless ordering of hotel services during hotel stay Home Delivery and Takeaways New bus
Slide 39: The Oberoi Centre of Excellence
The Oberoi Centre of Excellence On 1st October 2019, ‘The Oberoi Centre of Excellence’ (TOCE) went live. TOCE is a Centralized facility to ensure ‘Excellence in Process’ for all business units of the group It is a Resource centre to: Channelize collective resources Ensure smart and efficie
Slide 40: Thank You
THANK YOU