Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Q4 FY25 Earnings Presentation
43 slides from Samhi Hotels's earnings presentation, May 2025
Slide 1: SAMHI Hotels Ltd Investor Presentation – Q4 FY25
SAMHI Hotels Ltd Investor Presentation – Q4 FY25 Westin-Tribute Portfolio, Bangalore (Render Image)
Slide 2: FY2025: Setting us up for success
FY2025: Setting us up for success Summary performance % chg. YoY basis Full year RevPAR growth1 ₹ 5,015 +16.5% Total Income ₹ 11.5bn +17.5% EBITDA Pre-ESOP ₹ 4.4bn +27.3% Strong growth pipeline • Acquisition of Trinity Whitefield, Bangalore (to be renovated and rebranded into a 360+ room Westin-Trib
Slide 3: Q4 FY25 Highlights
Q4 FY25 Highlights RevPAR1 Total Income ₹5,958 ₹3,236mn + 20.6% YoY + 11.6% YoY 20.6% YoY growth in RevPAR Consol. EBITDA (pre- ESOP) PAT demonstrates strong business demand across key markets ₹1,307mn ₹459mn +21.4% YoY All key markets showing steady and sustainable demand growth with limited supply
Slide 4: Financial summary
Financial summary Q4-FY25 FY25 (Trinity consolidated w.e.f. Oct’24) % chg. YoY basis % chg. YoY basis ₹5,958 ₹5,015 RevPAR1 + 20.6% + 16.5% ₹3,236mn ₹11,497mn Strong base of performance for FY26 Total Income + 11.6% + 17.5% Established base in FY25, stabilization of new rooms opened ₹1,307mn ₹4,434m
Slide 5: FY14-25: Continued growth and delivery
FY14 -25 : Continued growth and delivery ₹ 11,497 mn Inventory growth of ~420 rooms per year Revenue CAGR of 35% EBITDA CAGR of 43% Year of ₹ 434 mn Inception FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 5
Slide 6: Future ready
Future ready Strong balance sheet • Net Debt : EBITDA 3.2x; 2.7x adjusted for capex in growth projects • Allows for free cash to fund strong growth • Ahead of target to deliver <3.0x Net Debt: EBITDA Access to internal accruals & strategic partner to fuel growth • Strong free cash and partnership wi
Slide 7: Consistent & strong growth
Consistent & strong growth FY2024 FY2025 ACIC Portfolio Acquisition Impact (w.e.f. 10th Aug 2023) All values in ₹ mn unless specified Q1 Q2 Q3 Q4 Q1 Q2 Q31 Q4 Total Income 1,924 2,232 2,733 2,899 2,568 2,705 2,987 3,236 RevPAR Trend +21% YoY growth 9.6% 25.1% 39.5% 36.9% 33.5% 21.2% 9.3% 11.6% YoY E
Slide 8: Macro Dynamics
SAMHI Hotels Ltd. Macro Dynamics EQ IQ at Hyatt Regency Pune Fairfield Hyderabad All Day Dining
Slide 9: Robust commercial activity across key markets
Robust commercial activity across key markets Office market size1 (mn sq. ft.) Net Absorption2 FY24 Full Year FY25 Full Year Office space absorption for Total of Total of Q4FY25 stood at ~13mn sft. Current Upcoming ~43 mn sqft ~51 mn sqft 4 Key Markets (Bangalore, Bangalore 219 37 14.0 13.1 Hyderaba
Slide 10: Travel across key cities continue growth path
Travel across key cities continue growth path Air passenger growth continues its upward trajectory with ~295 million passengers in FY25 (+8.7% YoY) QoQ airline passenger growth (in mn)1 FY25 change over FY241 77 77 16.5% 70 71 72 71 68 66 67 65 64 63 66 64 64 63 14.8% 61 56 53 53 47 11.6% 40 10.3% 9
Slide 11: SAMHI portfolio - in the right markets
SAMHI portfolio - in the right markets Last 10 yrs Air Passenger Growth CAGR1 Office space (sq.ft.) per guest room2 in the city Hyderabad 10.9% 13,456 Contribute to Bangalore 10.5% 18,498 76% of SAMHI’s FY25 Pune 9.6% 12,344 Asset Income Delhi NCR 6.8% 7,274 Kolkata 7.2% 5,795 Chennai 4.6% 7,849 Mum
Slide 12: Performance Summary
SAMHI Hotels Ltd. Performance Summary Courtyard by Marriott Bangalore ORR Reception
Slide 13: Sources of revenues
Sources of revenues Room Revenue Split (FY25) Long stay, 2% Crew, 3% Groups/MICE, 12% Asset Income Split (FY25) Others, 3% Non-negotiated/ un- qualified, 51% Room, 72% F&B, 25% Negotiated/contract, More than 70% of our total 32% revenue is derived from room sales, reinforcing a stable business model
Slide 14: RevPARs continue upward trend
RevPARs continue upward trend 2 Revenue Segment wise RevPAR growth +21% (for Q4 FY25 YoY) Contribution of the Segment (Q4 FY25) YoY Upper 6,000 44% Upscale 23% 5,958 & Upscale 5,500 Upper 41% 25% +15% Mid-scale YoY +17% 15% 5,000 YoY 5,088 Mid-scale 9% +16% 4,830 YoY 4,500 +20% +13% YoY YoY 4,529 4,
Slide 15: City Wise RevPAR
City Wise FY24 % chg. YoY basis FY25 RevPAR 6,500 +23% 6,290 +19% 6,133 5,500 5,120 5,140 +13% 4,833 +15% 4,694 +14% Driven by fast 4,500 4,264 4,087 4,284 growing 3,765 +1% +10% commercial office 3,500 3,316 3,360 3,367 3,067 market, we expect large cities to 2,500 drive RevPAR growth in India 1,50
Slide 16: Q4FY25 - Total Income and Consol. EBITDA bridge
Q4FY25 - Total Income and Consol. EBITDA bridge Total Income (₹ mn) Consol. EBITDA (pre-ESOP) (₹ mn) +15.8% 1 +13.6% +11.6% YoY YoY 1 +17.7% YoY +22.0% 55 41 YoY YoY +21.4% 327 27 (62) YoY 179 3,195 3,236 1,370 1,307 2,813 1,163 Q4 FY24 Growth in Acquisition 2 Q4 FY25 Corporate Q4 FY25 Q4 FY24 Growt
Slide 17: FY2025 - Total Income and Consol. EBITDA bridge
FY2025 - Total Income and Consol. EBITDA bridge Total Income (₹ mn) Consol. EBITDA (pre-ESOP) (₹ mn) +17.7% +17.5% 1 YoY YoY +21.2% +12.4% 164 1 +27.3% YoY 788 +17.1% YoY YoY YoY 313 (142) 915 486 11,333 11,497 4,576 4,434 9,630 3,777 FY24 Growth in Acquisition 2 FY25 Corporate FY25 FY24 Growth in A
Slide 18: Operational efficiency
Operational Q4FY25 – Bridge from Total Asset Income to Consol. EBITDA (excl. ESOP) efficiency (456) 14.2% (302) 8.6% (616) ACIC Portfolio and Same Store EBITDA Margins ACIC Samestore 1 19.1% (164) 42.9% 40.4% 3,195 5.3% (174) Asset EBITDA Consol. Pre- EBITDA acquisition Post-acquisition 5.4% (43) (7
Slide 19: Demand Concentration – Occupancy Level >90%
SAMHiIntel is our inhouse and proprietary asset management tool Updates - The system now has been migrated to a scalable platform with underlying larger database and efficient automated data uploading process - New mobile friendly view added to allow asset manager easy and on the move access to info
Slide 20: Summary Financials
SAMHI Hotels Ltd. Summary Financials Sheraton Hyderabad
Slide 21: Upper Upscale & Upscale assets
Stable: Y-o-Y change of +/-200bps; Upper Upscale & Upscale assets Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps. Q4FY25 (Y-o-Y) FY25 (Y-o-Y
Slide 22: Upper Mid-scale assets
Stable: Y-o-Y change of +/-200bps; Upper Mid-scale assets Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps. Q4FY25 (Y-o-Y) FY25 (Y-o-Y) 15 hot
Slide 23: Mid-scale assets
Stable: Y-o-Y change of +/-200bps; Mid-scale assets Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps. Q4FY25 (Y-o-Y) FY25 (Y-o-Y) 12 hotels 1,
Slide 24: Growth Drivers
SAMHI Hotels Ltd. Growth Drivers Holiday Inn Express Bangalore Whitefield Lobby
Slide 25: Growth initiatives underway
Growth initiatives underway Asset Revenue (FY 2025) Existing Inventory Planned Inventory ₹ mn # Rooms # Rooms Upper Upscale & We plan to double our inventory in the Upper Upscale & Upscale 4,850 1,086 2,013 Upscale segment through a combination of: (₹4.5mn (+85%) per key) a) Addition of rooms in exi
Slide 26: Summary of Growth Projects
Summary of Growth Projects # Hotel Rooms Growth Project Status Est. Completion Renovated / Delivered 1 Caspia Pro, Greater Noida 133 Conversion to Holiday Inn Express Opened (Dec ’24) FY25 2 Holiday Inn Express, Kolkata 113 New Opening Opened (May ’25) FY26 3 Holiday Inn Express, Whitefield, Bangalo
Slide 27: Westin & Tribute Portfolio
Westin & Tribute Portfolio Whitefield Bangalore (362 rooms) Under Renovation & Development 27
Slide 28: Westin & Tribute Portfolio
Westin & Tribute Portfolio Whitefield Bangalore (362 rooms) Under Renovation & Development 28
Slide 29: W Hitec City Hyderabad
W Hitec City Hyderabad (170 rooms) Under Renovation & Development 29
Slide 30: Summary Financials
SAMHI Hotels Ltd. Summary Financials EQ IQ at Hyatt Regency Pune Sheraton Hyderabad Reception Lobby
Slide 31: Financial summary (Consolidated P&L)
Financial Q4FY25 Q4FY24 Change% FY25 FY24 Change% Operating Rooms (#) 4,8231 4,801 4,8231 4,801 Occupancy (%) 75% 76% 74% 73% summary Average Room Rate (₹) Asset Income Asset EBITDA 7,487 3,195 1,370 6,279 2,813 1,163 +13.6% +17.7% 6,406 11,333 4,576 5,804 9,630 3,777 +17.7% +21.2% (Consolidated P&L
Slide 32: Financial summary (Consolidated Balance Sheet)
Financial Mar’25 Mar’24 Notes Increase due to acquisition of Trinity Whitefield; partially offset summary Fixed Assets 26,703 24,977 by sale of Four Points Chennai and annual depreciation expense Increase due to capex incurred in Holiday Inn Express Kolkata, CWIP 954 325 Holiday Inn Express Bangalor
Slide 33: Financial flexibility
Financial Mar 31, 2024 Jun 30, 2024 Sep 30, 2024 Dec 31, 2024 Mar 31, 2025 Post GIC (as on date) flexibility Net Debt (₹ mn) 18,242 18,626 18,788 20,643 19,669 14,289 TTM EBITDA1 3,681 3,810 4,045 4,204 4,434 4,434 (₹ mn) Net Debt : EBITDA 4.9x 4.9x 4.9x 4.6x 9.8% 4.4x 9.7% 2 3.9x 9.5% 3.2x 9.4% 2 2
Slide 34: About Us
SAMHI Hotels Ltd. About Us Hyatt Place Gurgaon Renaissance Ahmedabad Lobby
Slide 35: Portfolio across segments & geography
Portfolio across segments & geography #Rooms / % 1,540 Upscale & Upscale Upper 28% (inc. ~450 under development) Westin, Bangalore Hyatt Regency, Pune (Nagar Road) Sheraton, Hyderabad Renaissance, Ahmedabad Courtyard, Bangalore (ORR) Hyatt Place, Gurgaon (Udyog Vihar) (Wht.) W, Hyderabad (Hitec) Upp
Slide 36: Partner with strong global brands
Partner with strong global brands Upcoming Brands Upper Upscale & Upscale WESTIN HOTELS & RESORTS 7 Hotels TRIBUTE W 1,540 Rooms PORTFOLIO HOTELS Upper Mid-Scale 15 Hotels 2,275 Rooms Strong distribution, Mid-Scale talent pool and a customer loyalty base of 12 Hotels 350+ million 1,729 Rooms 36
Slide 37: Team that built the business
Team that built the business 12+ yrs 13+ yrs 14+ yrs 8+ yrs In SAMHI In SAMHI In SAMHI In SAMHI Sanjay Jain Gyana Das Ashish Jakhanwala Rajat Mehra Senior Director, Corporate Tanya Chakravarty EVP & Head of Chairman, MD & CEO CFO Affairs, Company Secretary General Counsel and Compliance Officer Inve
Slide 38: Headed by a professional Board with strong corporate experience
Headed by a professional Board with strong corporate experience Independent Directors Ashish Manav Thadani Ajish Abraham Michael David Aditya Jain Archana Capoor Krishan Dhawan Jakhanwala Non-Executive & Jacob Holland Independent Independent Independent Chairman, Non- Non-Executive & Independent Dir
Slide 39: Historical Consolidated P&L Summary
Historical Consolidated P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 11,497 9,787 7,614 6,276 4,434 3,484 3,331 2,632 1,720 1,793 855 218 (597) (2,346) (2,999) (3,386) (4,433) (4,777) FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 F
Slide 40: Historical Consolidated Quarterly P&L Summary
Historical Consolidated Quarterly P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 3,236 2,987 2,899 2,733 2,705 2,568 2,232 2,117 1,959 1,924 1,756 1,784 1,307 1,177 1,077 1,019 1,016 934 793 739 673 650 596 570 459 228 113 126 42 (737) (744) (837) (803) (835) (880) (
Slide 41: Glossary
Operating Addition/ # Hotel Brand City Location Operator Segment Rooms Renovation Glossary 1 Hyatt RegencyTM Pune Nagar Road Hyatt Upper Upscale 301 22 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 - 3 Sheraton Hyderabad Gachibowli Marriott Upscale 284 42 4 Courtyard by Marriott Bang
Slide 42: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by SAMHI Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 43: Thank You
Thank You Company SAMHI Hotels Ltd. CIN: L55101DL2010PLC211816 Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in www.samhi.co.in Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Ms. Ami Parekh / Mr. Rahul Agarwal +91-8082466