Indian Hotels Co. Ltd. · NSE:INDHOTEL
Indian Hotels — The Indian Hotels Company — Jefferies 4th India Forum 2025
35 slides from Indian Hotels's conference presentation, Sep 16, 2025
Slide 1: Exchange cover letter: Investor / Analyst Presentation
September 16, 2025 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza 1st Floor, New Trading Ring, Bandra Kurla Complex Rotunda Building, P. J. Towers, Bandra (E) Dalal Street, Fort, Mumbai 400 051 Mumbai – 400 001. Scrip Code: INDHOTEL Scrip Code:
Slide 2: Aspiration to Acceleration
ASPIRATION TO ACCELERATION JEFFERIES INDIA FORUM 16th September 2025 1
Slide 3: Executive Summary
EXECUTIVE SUMMARY 1 2 3 4 5 IHCL’s Transformation Future is Bright IHCL Well-Positioned Gearing up for 2030 3-Es of our Strategy Journey Macro & Industry Industry Leader Defining our Purpose, Expansion of Portfolio Tailwinds across all metrics elevating our Vision 2017 – 2025 Evolution of Brandscape
Slide 4: IHCL's Transformation Journey: Financial Turnaround
IHCL’s TRANSFORMATION JOURNEY FINANCIAL TURNAROUND ₹/ Crores Revenue EBITDA PAT 2x 4.5x +ve From Loss to ₹ 4,076 ₹ 8,565 ₹ 665 ₹ 3,000 ₹ (52) Record Profit ₹ 1,603 crore Crore Crore Crore Crore Crore FY17 FY17 FY17 FY25 FY25 FY25 EBITDA Margin Free Cash flow Net Cash 19PP 58x +veSwing of 16% 35% ₹ 1
Slide 5: IHCL's Transformation Journey: Portfolio Growth
IHCL’s TRANSFORMATION JOURNEY PORTFOLIO GROWTH Portfolio Hotels Portfolio Rooms Portfolio Footprint 3.5x 3x 2.5x 150 565+ 18k 57k 85 200+ Hotels Hotels Rooms Rooms Locations Locations FY17 FY17 FY17 Sep-25 Sep-25 Sep-25 New Openings New Signings Operational Rooms 5x 5x 1.5x 5 26 15 74 17k 27k Hotels
Slide 6: An Icon of Global Hospitality
AN ICON OF GLOBAL HOSPITAERS WORLD'S g& | INDIA'S ' STRONGEST STRONGEST |} gas TA BRAND 2025 ii HOTEL BRAND 2025 2024 + 2022 + 2021 2024 * 2023 + 2022 « 2020 | a
Slide 7: The Future is Bright: India to Lead Global Growth
THE FUTURE IS BRIGHT INDIA TO LEAD GLOBAL GROWTH UNITED 2025 GDP ($ Bn) STATES 6.5% CHINA 1 The fastest growing major GERMANY 2 INDIA 3 economy 4th LARGEST 30,510 JAPAN 4 19,230 ECONOMY 5 4,270 4,740 4.3% TODAY 4,190 3.3% 2030 GDP ($ Bn) UNITED STATES 1.8% CHINA 1 INDIA 2 INDIA Advanced GERMANY Emer
Slide 8: Tourism a Key Growth Catalyst for India
TOURISM A KEY GROWTH CATALYST FOR INDIA Increasing ₹ 67 2017 - 24 ₹ 143 2025 - 30 Investment in Lakh Cr Lakh Cr INFRASTRUCTURE Discretionary (%) Discretionary (%) 29 39 Boom in 2025 2030 Discretionary CONSUMPTION 71 61 Essentials (%) Essentials (%) Source: RBI, Economic Survey 2024, MakeMyTrip Resea
Slide 9: Government Support: Multi-Pronged Boost to Tourism
GOVERNMENT SUPPORT MULTI-PRONGED BOOST TO TOURISM 50 Destinations 120 Destinations Medical & MSME Loans Infrastructure Added in UDAN Spiritual Including homestays Status Accorded scheme Tourism in focus Infrastructure Creation Improved Connectivity Ease of Financing GST Rate Cuts 8
Slide 10: IHCL Today: Industry Leader in India
IHCL TODAY Industry Leader in India 243 137 135 50 40 52 3 22 108 20 + 565+ 57,000+ 200+ Hotels Keys Locations As on 31st Aug 2025 9
Slide 11: IHCL Well Positioned to Shape the Future
IHCL WELL POSITIONED TO SHAPE THE FUTURE ₹ HOSPITALITY INDUSTRY IHCL MACRO-ECONOMIC Industry-leading Performance The India Strong Demand, Limited Supply Industry-leading Brands Growth Story Immense Growth Potential Differentiated Strategy 10
Slide 12: Gearing Up for 2030: Defining Our Purpose, Elevating Our Vision
GEARING UP FOR 2030 DEFINING OUR PURPOSE, ELEVATING OUR VISION Purpose Vision Pioneering Responsible Change, Most Valued, Responsible & Profitable Creating Value & Shaping The Future hospitality ecosystem in South Asia 11
Slide 13: Strategic Imperatives: The 3-Es of Our Strategy
STRATEGIC IMPERATIVES THE 3-Es OF OUR STRATEGY Expansion Evolution Excellence of Portfolio of Brandscape in Operations 12
Slide 14: Expansion of Portfolio
EXPANSION OF PORTFOLIO Leadership in the Indian Subcontinent Presence in Key International Markets Efficient Capital Deployment Accretive Strategic Acquisitions 13
Slide 15: Key Projects on Balance Sheet
KEY PROJECTS ON BALANCE SHEET CREATING MARQUEE ASSETS DEVELOPING NEW DESTINATIONS Opening in 2025-26 Taj Hotel Hessischer Hof, Ginger Ekta Nagar Vivanta Ekta Nagar Expansion at Taj Ganges Frankfurt Land Lease, Q3FY26 Land Lease, Q3FY26 Q4FY26 Leased Property, Q4FY26 126 KEYS 151 KEYS 127 KEYS 100 KE
Slide 16: A New Chapter in Taj's Iconic Legacy
A NEW CHAPTER IN TAJ’S ICONIC LEGACY 330 85 Keys Apartments 2 IOD Acres Received 15
Slide 17: Portfolio Expansion via Strategic Partnerships
PORTFOLIO EXPANSION VIA STRATEGIC PARTNERSHIPS 15 155+ 10 HOTELS HOTELS HOTELS 16
Slide 18: Evolution of Brandscape
EVOLUTION OF BRANDSCAPE Achieve Optimal Scale Maintain Premium Positioning Launch New Concepts Build Brand Equity 17
Slide 19: Continuously Reimagining Our Brandscape
CONTINUOSLY REIMAGINING OUR BRANDSCAPE Taj Palaces 4 150 mn. 5 Taj High 3 2 SeleQtions Product/ Service Offering 1 50 mn. Vivanta Medium Ginger 1 Tree of Life 2 Gateway 600 mn. 3 Claridges Collection Low 4 Luxury Branded Residences Low Medium High 5 Brij Price Positioning 18
Slide 20: IHCL Brandscape by Segments & Themes
IHCL BRANDSCAPE BY SEGMENTS & THEMES Platform / Collections Luxury Boutique Leisure Boutique Luxury Boutique Leisure Upscale – Full Service BY SEGMENTS BY THEMES Upscale – Lifestyle Wildlife / Adventure Midscale Homestays 19
Slide 21: Excellence in Operations
EXCELLENCE IN OPERATIONS Service Excellence Brand Standards Asset Management Margin Expansion 20
Slide 22: Excellence in Driving Superior NPS Scores
EXCELLENCE IN DRIVING SUPERIOR NPS SCORES 75.0 74.0 74.1 73.1 69.3 68.7 67.5 66.6 66.5 66.3 66.6 66.6 65.1 64.0 FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2024/25 21
Slide 23: Excellence in Food & Beverage
EXCELLENCE IN FOOD & BEVERAGE SCALING UP EXISTING BRANDS KEY INITIATIVES TO DRIVE AND NURTURING NEW CONCEPTS F&B BUSINESS Revenue Management Tools to Increase Footfalls Digitisation - F&B Marketing and Dashboards Expand Beverage Contribution Culinary Chronicles/ Chef and Brand Collaborations Wedding
Slide 24: Loya – Now Open in Taj Mahal Palace, Mumbai
LOYA – NOW OPEN IN TAJ MAHAL PALACE, MUMBAI 23
Slide 25: New & Re-imagined Businesses Fueling Not Like-for-Like Growth
NEW & RE-IMAGINED BUSINESSES FUELING NOT LIKE-FOR-LIKE GROWTH NEW BRANDS RE-IMAGINED BRANDS 24
Slide 26: Investing in Building State of the Art Digital Capabilities
INVESTING IN BUILDING STATE OF THE ART DIGITAL CAPABILITIES Implementing SAP Leveraging AI for Redefining CRM to enhance across functions Revenue Maximization Customer experience 25
Slide 27: Supported by Strong Guardrails: Project SAAR
SUPPORTED BY STRONG GUARDRAILS PROJECT SAAR Compliance adherence Process / Control Stakeholder confidence Confirmation Monthly Review Data Tech and Cyber Continuous improvement Compliance GM Certification Risk mitigation Risk Assessment Regulatory Operational efficiency Compliance Strategic alignmen
Slide 28: Enabled by Our Core Values: Culture of TAJness
ENABLED BY OUR CORE VALUES CULTURE OF TAJNESS TATA VALUES VALUES Excellence T rust A wareness J oy Integrity Unity Pioneering Responsibility 27
Slide 29: Paathya: Doing Business the Responsible Way
PAATHYA DOING BUSINESS THE RESPONSIBLE WAY Waste FY 24/25 UPDATE 100% elimination of single-use plastic 623 Tons of Plastic Saved through Glass Bottles, Bio-degradable Bathroom Amenities, Paper Straws Waste 100% operating hotels will have an organic waste management system 64 hotels have bottling pl
Slide 30: Goals for 2030
GOALS FOR 2030 9 x 3 ml 29 TA} — Garipcrs SELEQQTIONS GATEWAY VIVANIA GINGER TREEOFLIFE ama min we INCL
Slide 31: Accelerate 2030
ACCELERATE 2030 MOST VALUED, VISION RESPONSIBLE & PROFITABLE HOSPITALITY ECOSYSTEM 2x+ EXCELLENCE REVENUE GROWTH IN OPERATIONS STRATEGIC INITIATIVES EVOLUTION OF BRANDSCAPE EXPANSION OF PORTFOLIO 700+ HOTEL PORTFOLIO HUMAN CAPITAL CUSTOMER CENTRICITY DIGITAL ENABLERS PAATHYA ONE TATA SAFETY 20%+ ROC
Slide 32: Strong Beginning, Right on Track Towards 2030 Targets
STRONG BEGINNING RIGHT ON TRACK TOWARDS 2030 TARGETS % of Target ACCELERATE 2030 FY25 achieved TARGETS IHCL Consol. Revenue ₹ 8,565 Cr 57% ₹ 15,000 Cr Portfolio 565+ Hotels 80% 700 Hotels As on 31st Aug. ‘25 Return on Capital Employed 17.3% 86% 20% (*) Sustain +ve Net Cash Positive ₹ 3,000+ Cr Susta
Slide 33: We Remain Confident of Double-Digit Revenue Growth for the Year
WE REMAIN CONFIDENT OF DOUBLE-DIGIT REVENUE GROWTH FOR THE YEAR Hotel Segment Revenue (₹ Cr) >10% India’s World class growth Convention centres to drive MICE business Continued Portfolio Growth & New Openings Q2 / H2 has several large events planned 6 New Hotels Opened in Q1 Feb-26 High Profile 30+
Slide 34: Summary: Well Poised to Deliver Sustainable Profitable Growth
SUMMARY WELL POISED TO DELIVER SUSTAINABLE PROFITABLE GROWTH Consistent Sustained Double-digit Portfolio Growth Topline Growth Strong Differentiated Strategy ACCELERATE 2030 Balance Sheet & Free Cash Flow RoCE Expansion Creating Long Term Value 33
Slide 35: Aspiration to Acceleration
ASPIRATION TO ACCELERATION JEFFERIES INDIA FORUM 16th September 2025 34
The Indian Hotels Company — Jefferies 4th India Forum 2025 on 6ix