Easy Trip Planners Ltd. · NSE:EASEMYTRIP
Easy Trip Planners — Q3 FY24 Earnings Presentation
26 slides from Easy Trip Planners's earnings presentation, Feb 9, 2024
Slide 1: Exchange cover letter: Investor Presentation
February 09, 2024 BSE Ltd. National Stock Exchange of India Limited (NSE). P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Bandra Fort Mumbai – 400001 East, Mumbai – 400051 Scrip Code: 543272 Symbol: EASEMYTRIP Subject: Investor Presentation Dear Sir/Madam, Pursuant to Regulation 30
Slide 2: Q3 and 9M FY24 Earnings Presentation
Q3 and 9M FY24 Earnings Presentation February 2024
Slide 3: Q3 and 9M FY24 Key Performance Metrics
Q3 and 9M FY24 Key Performance Metrics Q3FY24 GBR1 EBITDA and Margin Nishant Pitti INR 20,260.7 Million INR 653.7 Million Co-Founder and CEO (10.6)% Y-o-Y 39.5% Air Segment Booking2 PAT and Margin3 We're pleased to announce that our Q3FY24 PAT reached INR 456.6 million, a 9.5% Y-o-Y increase, demons
Slide 4: Business Overview
Business Overview Second-largest Online Travel Agency Global Outreach (OTA)* As part of our global expansion strategy, we Established in 2008, EaseMyTrip (EMT) has offer localized services in new destinations grown to become the second largest online and undertake strategic collaborations travel age
Slide 5: Key Value Drivers
Key Value Drivers A robust 3-year CAGR of 24.2% in GBR and 59.6% in PAT. The company maintains consistent profitability through Robust Profit CAGR efficient cost management and has substantial cash reserves Disciplined Approach to Strategic Leveraging the positive impact of past acquisitions, the st
Slide 6: Recent Developments At EaseMyTrip
Recent Developments At EaseMyTrip EaseMyTrip Inaugurates Pune’s First Offline Franchisee Store The company has launched its first offline franchisee retail store in Pune, Maharashtra. This move is aimed at expanding our customer base via franchise model. With this innovative approach, EaseMyTrip int
Slide 7: Q3 and 9M FY24 Financial Highlights
Q3 and 9M FY24 Financial Highlights INR in Millions Gross Booking Revenue Adjusted Revenue# EBITDA and Margin PAT and Margin 2,125.9 471.8 456.6 22,670.1 676.5 1,961.6 416.9 1,887.1 653.7 20,255.8 20,260.7 589.3 29.8% 32.6% 27.6% 42.1% 46.8% 39.5% Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2F
Slide 8: Gross Booking Revenue Breakdown
Gross Booking Revenue Breakdown EaseMyTrip Segmental GBR GBR from Dubai Office (INR in Mn) Hotel and Holiday Train, Buses and Others packages 529.8 1.9% 521.6 7.9% 442.4 433.2 366.0 Flight 90.2% Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 7
Slide 9: Q3 FY24 Operational Performance
Q3 FY24 Operational Performance In Nos Flights# Hotels Trains, Buses and Others 32,18,350 2,72,600 2,70,980 28,99,079 1,24,862 22,61,880 95,875 91,915 1,48,967 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Flights# Hotels Trains, Buses and Others 83,70,350 3,77,049 7,67,729 2,45,585
Slide 10: Q3 FY24 Operational Performance
Q3 FY24 Operational Performance INR in Millions Discounts Marketing and Sales Promotion Employee Expenses Other Expenses* 3.1% 4.0% 2.2% 1.0% 0.7% 0.9% 0.6% 0.9% 1.1% 1.6% 1.6% 2.1% 221.7 431.8 815.9 197.1 701.3 174.9 187.0 364.5 332.4 138.5 142.9 444.0 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY
Slide 11: Key Return Ratios
Key Return Ratios Cash Flow from Operations (INR in Mn) Cash & Term Deposits (INR in Mn) OCF to EBITDA (%) 738.5 84.0% 2,897.3 201.9 2,422.4 2,514.8 2,319.8 14.0% 1,672.9 (91.1) (192.5) (10.6)% (18.3)% (58.0)% (1,193.8) FY21 FY22 FY23 H1FY23 H1FY24 FY21 FY22 FY23 H1FY23 H1FY24 FY21 FY22 FY23 H1FY23
Slide 12: Q3 and 9M FY24 Consolidated Profit & Loss Account
Q3 and 9M FY24 Consolidated Profit & Loss Account Particulars (INR in Mn) Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q 9MFY24 9MFY23 Y-o-Y Revenue from Operations 1,607.9 1,361.5 1,416.9 4,265.3 3,322.3 Other Income 45.2 37.2 28.7 99.9 111.7 Total Income 1,653.1 1,398.7 18.2% 1,445.7 14.3% 4,365.2 3,434.0 27.1%
Slide 13: Proven track record to deliver sustainable profits
Proven track record to deliver sustainable profits Particulars (INR in Mn) Q3FY24 Q3FY23 Q2FY24 9MFY24 9MFY23 Gross Booking Revenue (GBR) 20,260.7 22,670.1 20,255.8 64,226.0 59,077.6 Revenue/Income Amount % of GBR Amount % of GBR Amount % of GBR Amount % of GBR Amount % of GBR A. Revenue from Operat
Slide 14: Historical Financials
Historical Financials
Slide 15: Historical Consolidated Profit & Loss Account
Historical Consolidated Profit & Loss Account Particulars (INR in Mn) Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Revenue from Operations 1,311.9 1,620.5 1,385.0 2,353.7 4,488.3 Other Income 199.2 189.6 122.6 143.9 153.7 Total Revenue 1,511.1 1,810.1 1,507.6 2,497.6 4,642.0 Employee Benefits Expense 220.2 30
Slide 16: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Equity & Liabilities (Mn) FY22 FY23 Assets (Mn) FY22 FY23 Equity Share Capital 434.6 1,738.3 Property, plant and equipment 83.3 118.5 Other Equity 1,924.0 1,961.6 Intangible assets 155.6 131.4 Equity attributable to equity holders of the Goodwill 44.5 52.5 2,358
Slide 17: Historical Abridged Cash Flow
Historical Abridged Cash Flow Consolidated Cash Flow Statement (INR in Mn) FY22 FY23 Cash Flow from Operating Activities Profit before Tax 1,435.7 1,849.4 Adjustment for Non-Operating Items (77.5) (42.4) Operating Profit before Working Capital Changes 1,358.2 1,806.9 Changes in Working Capital (736.
Slide 18: Industry Overview
Industry Overview
Slide 19: Global Travel Industry: Bouncing back from the Pandemic
Global Travel Industry : Bouncing back from the Pandemic Travel and Tourism Gross Bookings (US$ Bn) Total Travel Market (2020E) Total Travel Market (2024E) 1,413 1,381 US$ 26% CAGR US$ 556 bn 1,381 bn 556 2018 2020E 2024E Online Travel Market (2020E) Online Travel Market (2024E) Region-wise Split of
Slide 20: Indian Travel & OTA Market: Headroom to grow further
Indian Travel & OTA Market: Headroom to grow further Total Travel Market (FY23E) Total Travel Market (FY27E) Key Drivers FY23E-27E CAGR The travel industry is expected, to be 19% 17% 24% broadly driven by development of 27% Online tourism infrastructure, increase in connectivity across means of INR
Slide 21: Strong tail winds for Indian Aviation industry
Strong tail winds for Indian Aviation industry Indian domestic passenger traffic volumes (Number mn) International passenger traffic volumes (Number mn) %YoY growth 1% (62%) 58% 62% 15% (4%) (85%) 118% 180% 15% 2.4x 2.4x 330 2.2x 135 1.6x 220 95 1.5x 156 142 136 67 71 62 85 54 22 10 FY20 FY21 FY22 F
Slide 22: Indian Hospitality Industry
Indian Hospitality Industry Hospitality Industry in India (INR bn) Key Performance Indicators of India Hospitality Industry (INR bn) YoY Key Performance Indicators 2022 2025F 2,428 (2021 to 2022) 1,927 Occupancy Rate (%) 59-61% 15-17pp 70% Average Room Rate (ARR) (INR) 6,00 - 6,200 37-39% 7,983 Reve
Slide 23: UAE Tourism Industry
UAE Tourism Industry Revenue in Travel & Revenue in Travel & Dubai’s Passenger Traffic volumes (Number mn) Tourism (FY23E) Tourism (FY27E) 89 66 US$ US$ 1,285 mn 5% CAGR 1,569 mn 26 2018 2020 2022 In 2022, Tourism sector contributed 9% to UAEs GDP, which is Total Hotel Rooms in UAE (Number thousand)
Slide 24: United Kingdom Tourism Industry
United Kingdom Tourism Industry Revenue in Travel & Revenue in Travel & UK Terminal Passenger Traffic volumes (Number mn) Tourism (FY23E) Tourism (FY27E) 292 222 US$ US$ 39 bn 2% CAGR 42 bn 74 2018 2020 2022 United Kingdom is one of the largest travel markets in Europe and has embraced online channe
Slide 25: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Easy Trip Planners Limited (the “Company’) popularly known as “Ease My Trip”, have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation
Slide 26: Thank You
Thank You Easy Trip Planners Limited CIN: L63090DL2008PLC179041 Vikash Goyal vikash.goyal@easemytrip.com +91 98990 79735 Rohit Valecha / Anvita Raghuram easemytrip@churchgatepartners.com +91 226 169 5988 25