Slide 1: Submission of presentation to investors / analysts
CIN:L55101WB1949PLC017981 CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM email: isdho@oberoigroup.com 06th November 2023 The National Stock Exchange of India The BSE Limited Limited Corporate Relationship Dept. Exchange Plaza, 5th Floor
Slide 2: Earnings Call: Q2FY24
EIH Limited Earnings Call: Q2FY24 EIH Limited Investors’ Conference Call Quarter ended 30th June 2023 1 Classification | External Image: Wildflower Hall, An Oberoi Resort
Slide 3: Global Economy in a Complex Landscape
Classification | External Global Economy In a Complex Landscape • Rising Interest rates • Monitory policy tightening • Financial Sector Turmoil • Supply Chain disruptions • Elevated inflation • Rising Crude Oil Prices • Russia Ukraine Conflict • Israel-Palestine Middle East Crisis Image: The Oberoi,
Slide 4: Indian Economy in 'Goldilocks Zone'
Classification | External Indian Economy In ‘Goldilocks Zone’ ▪ 5th largest economy by nominal GDP ▪ 3rd largest by Purchasing Power Parity ▪ Poised to be the 3rd largest economy by FY28. ▪ GDP expected to grow 6.5% - 7% over next 3 years. ▪ Pre pandemic levels in consumption and investments surpass
Slide 5: Indian Tourism and Hospitality Industry very well poised
Classification | External Indian Tourism and Hospitality Industry very well poised Contribution to GDP Operational Trends 2022 - 5.9% (Rs. 15.7 lakh crore) [2019 - 7% (Rs. 17 lakh crore)] FY23 (FY20) Occupancy ARR (Rs.) RevPAR Employment FY23: 37 million [FY20: 40 million] 67.5% (66.5%) 12,923 (10,6
Slide 6: EIH RevPAR Y-o-Y Growth Accelerating Faster than Industry
Classification | External EIH RevPAR Y-o-Y Growth Accelerating Faster than Industry INDUSTRY - September RevPAR Index (Sep) vs. Pre - Y-o-Y Current Year Pandemic vs. Last Year FY24 – 2.61 | FY20 – 1.99 [Owned Hotels] ADR Rs 7,000 – Rs 7,200 27-29% 17-19% Occupancy 60%-62% 3-5 pp 1-3 pp FY24 – 2.74 |
Slide 7: Operations
Classification | External Operations Q2FY24 Operational Performance Best Performing Q1 in the history of the Company 6 Image: Image: TheThe Oberoi Oberoi Zahra, Zahra on Nile on the Nile
Slide 8: EIH maintains consistent RevPAR Leadership over STR Competition Set
Classification | External EIH maintains consistent RevPAR Leadership (124%) over STR Competition Set All Domestic Hotels including Managed 1.9 1.7 Covid 1st wave Recovery after Covid 2nd Recovery after Omicron Covid 1st wave wave Covid 2nd wave wave 1.5 1.3 1.1 0.9 0.7 0.5 Apr May Jun Jul Aug Sep Oc
Slide 9: Elevated Q2 Positioning Y-o-Y
Classification | External Elevated Q2 Positioning Y-o-Y All Hotels including Managed 35,000 * 31% Oberoi Leisure - CY International - CY 28% 30,000 International - LY Oberoi Leisure - LY 25,000 20,000 ARR (Rs) 31% Oberoi Metro - CY 15,000 Oberoi Metro - LY 18% Trident Metro - CY 10,000 Others - CY 4
Slide 10: Q2 RevPAR grew 23% and 19% Y-o-Y
Classification | External Q2 RevPAR grew 23% and 19% Y-o-Y ‘Owned’ and ‘All Domestic’ hotels (including managed) respectively Figures in INR Pre-Covid Covid 1st wave Recovery after 1st Covid 2nd Recovery after 2nd Omicron Post-Covid wave wave wave wave 15,284 Q2 Q2 Q2 Q2 13,332 Q2 14,289 12,805 11,2
Slide 11: Q2 ARR/Occupancy trends by month
Classification | External Q2 ARR/Occupancy trends by month All Domestic Hotels including managed 73% Occupancy 69% 68% 71% FY24 Quarterly Occupancy & ARR FY23 80% 67% 16,000 66% 70% 65% 70% 14,000 13,736 60% 12,000 50% 11,177 10,000 July August September 40% 8,000 30% 6,000 20% 4,000 10% ARR ARR 2,0
Slide 12: Q2 RevPAR Y-o-Y growth by City
Classification | External Q2 RevPAR Y-o-Y growth by City All Domestic Hotels including Managed 60% 38% RevPAR Growth 28% 28% 26% 23% 19% 12% 12% 9% 7% -11% -35% Agra Delhi / NCR International Jaipur / Bhubaneswar Chennai Mumbai Kolkata Hyderabad Bengaluru Udaipur Cochin Shimla / Ranthambore Chandiga
Slide 13: Strong Room Revenue Tailwinds across Segments
Classification | External Strong Room Revenue Tailwinds across Segments All Domestic Hotels including Managed FY20 FY21 FY22 FY23 FY24 200 Cr 150 Cr Corporate Direct 100 Cr Leisure 50 Cr MICE 0 Cr Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY2
Slide 14: Growth in Q2 Foreign Room Nights Y-O-Y
Classification | External Growth in Q2 Foreign Room Nights Y-O-Y All Domestic Hotels including Managed % of Foreign to Total Room Nights Recovery In Absolute Foreign Room Nights 70,000 32% Trident 27% 60,000 45% 50,000 40% 40,000 Oberoi 35% 53% 30,000 20,000 35% 10,000 All Hotels 30% 47% 0 Q2 FY20 Q
Slide 15: Strong Bounce Back in Q2 Flight Catering & Airport Lounge Business
Classification | External Strong Bounce Back in Q2 Flight Catering & Airport Lounge Business Revenue EBITDA Q2FY19 Q2FY20 Q2FY21 Q2FY22 Q2FY23 Q2FY24 Q2FY19 Q2FY20 Q2FY21 Q2FY22 Q2FY23 Q2FY24 120 40 Rs 37 Cr. Rs 100 Cr. Margin 100 30 37% 80 Rs 76 Cr. 20 56 Rs 12 Cr. 60 10 39 40 0 18 -1 EBITDA 20 -3
Slide 16: Financials
Classification | External Financials Q2FY24 Growth in Financial Performance
Slide 17: Financial Performance – Q2FY24
Classification | External Financial Performance – Q2FY24 Standalone and Consolidated Revenue Expenses EBITDA Funds PAT
Slide 18: Strongest Q2 Standalone performance
Classification | External 600 Strongest Q2 Standalone performance Strongest Q2 130 Figures in INR Crores Revenue EBITDA PAT 500 490 85 80 400 368 357 312 315 296 298 293 41 300 280 247 246 27 30 26 220 17 217 14 11 200 172 4 2 -1 148 -10 -15 -18 90 -20 100 69 48 60 39 42 37 40 43 30 25 16 13 3 0 (50
Slide 19: Strongest Q2 Consolidated Performance
Classification | External Strongest Q2 Consolidated* Performance Figures in INR Crores 600 150 552 Revenue EBITDA PAT 500 100 401 417 400 94 351 50 300 248 31 17 22 200 165 0 85 (37) 101 100 58 35 -50 8 0 (87) -100 -100 (119) -200 -150 Q2FY19 Q2FY20 Q2FY21 Q2FY22 Q2FY23 Q2FY24 *Consolidated Financia
Slide 20: Strong Standalone Funds position
Classification | External Strong Standalone Funds position Figures in INR Crores Prudent financial management and debt reduction strategies 227 188 129 -61 -193 -217 -250 -264 -271 -362 -359 -338 Net Cash Positive -453 -560 Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep
Slide 21: Strong Consolidated Funds Position
Classification | External Strong Consolidated Funds Position Figures in INR Crores Prudent financial management and debt reduction strategies 542 509 468 256 94 76 -20 -75 -80 -168 -133 -174 -270 Net Cash Positive -384 Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, D
Slide 22: Strong Consolidated Funds Position
Classification | External Strong Consolidated Funds Position Figures in INR Crores Prudent financial management and debt reduction strategies 542 509 468 256 94 76 -20 -75 -80 -168 -133 -174 -270 Net Cash Positive -384 Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, D
Slide 23: Financial Statements
Classification | External Financial Statements Q2FY24 22
Slide 24: Performance Highlights (Standalone)
Classification | External Performance Highlights (Standalone) STANDALONE P&L QTR 2 Figures in Rs Crores rounded to first decimal FY24 FY23 Revenue from Operations 465.2 355.7 Other Income 24.4 11.8 TOTAL INCOME (A) 489.6 367.5 33% Consumption 46.1 40.9 Employee Benefits *(excluding third party cost)
Slide 25: Performance Highlights (Standalone)
Classification | External Performance Highlights (Standalone) Q-o-Q STANDALONE Financial Results for starting from Q1 FY22 to Q2 FY24 Revenue EBITDA PBT (before exceptional items) PAT 249 214 587 147 525 193 157 490 154148 104 455 120114 90 85 357368 94 90 324 78 57 53 42 41 33 27 279 35 217 3 -4 -7
Slide 26: Performance Highlights (Consolidated)
Performance Highlights (Consolidated) Classification | External Consolidated P&L QTR 2 Figures in Rs Crores rounded to nearest first decimal FY24 FY23 Revenue from Operations 530.6 401.0 Other Income 21.9 16.0 TOTAL REVENUE (A) 552.5 417.0 32.5% Consumption 50.5 44.0 Employee Benefits*(excluding thi
Slide 27: Performance Highlights (Consolidated)
Classification | External Performance Highlights (Consolidated) Q-o-Q CONSOLIDATED Financial Results for starting from Q1 FY22 to Q2 FY24 Revenue EBITDA PBT (before exceptional items) PAT 664 603 552 226 231 523 201 180 196 417 165 149 412 145 379 118 130 99 101 106 317 92 94 75 61 56 66 248 35 41 8
Slide 28: Premium positioning reflected in Awards & Accolades
Classification | External Premium positioning reflected in Awards & Accolades Travel +Leisure, USA World’s Best Awards 2023 Travel +Leisure, Asia Delicious Dining Awards 2023 • Oberoi Hotels & Resorts enters Travel +Leisure, USA Hall of Fame • Best Hotel Brand for Service Excellence for two consecut
Slide 29: Business Footprint
Classification | External Business Footprint th Period ended 30 September 2023 28
Slide 30: Corporate Structure
Classification | External Corporate Structure EIH Limited Within EIH Mumtaz Hotels EIH International Ltd 13 Hotels Mashobra Resort Limited EIH Associated Hotels Limited Limited • The Oberoi Amarvilas (102) • The Oberoi, New Delhi (220) • Wildflower Hall, Shimla (85) • The Oberoi Rajvilas (71) Hotel
Slide 31: Widespread International presence across attractive destinations
Classification | External Widespread International presence presence across attractive destinations 1. The Oberoi, Marrakech | 84 2. The Oberoi Zahra, Luxury Nile Cruiser | 27 497 3. The Oberoi Beach Resort, Sahl Hasheesh, Egypt |102 4. The Oberoi Beach Resort, Al Zorah | 89 5. The Oberoi Beach Reso
Slide 32: Widespread presence across attractive destinations (Contd.)
Classification | External Widespread presence National presence across attractive destinations (Contd.) 1. Wildflower Hall, An Oberoi Resort, Shimla | 85 2. The Oberoi Cecil, Shimla | 75 3. The Oberoi Sukhvilãs Spa Resort, New Chandigarh | 60 4. The Oberoi, Gurgaon | 202 5. The Oberoi, New Delhi | 2
Slide 33: Thank You
Classification | External THANK YOU