Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q1 FY22 Earnings Presentation
23 slides from Chalet Hotels's earnings presentation, Aug 10, 2021
Slide 1: Chalet Hotels exchange filing cover letter
CHALET HOTELS August10,2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, Phiroze Jeejeebhoy Towers, Sandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir/ Madam,
Slide 2: Presentation Q1FY22
CH A LET HOTELS Presentation Q1FY22
Slide 3: Positive consumer sentiments
Positive consumer sentiments CH A LET HOTELS ✓ The ramp-up post Second Wave faster than the First Wave ✓ Steady progress in ongoing Vaccination drive in India ~7.6% of total population fully vaccinated and ~27% received their 1st dose ✓ Global Vaccination ~15% fully vaccinated population globally UK
Slide 4: Operational Overview
Operational Overview 3
Slide 5: Q1FY22 consolidated performance hurt by second wave of COVID 19
Q1FY22 consolidated CH A LET HOTELS Performance hurt by second wave of COVID 19 (In Rs. Mn) Q1FY22 Revenue Revenue EBITDA 1,021 174 715 753 Hospitality Retail & 589 66% Commercial 51 - 31% 25 3 Others 3% Q1FY21 Q4FY21 Q1FY22* Adjusted Q1FY22 Reported Q1FY21 Q4FY21* Q1FY22* Adjusted - -31 Q4FY21 Q1FY
Slide 6: Performance KPIs
Performance KPIs CH A LET HOTELS Elements of strong recovery in place July reported highest Occupancy% and RevPAR since the beginning of Pandemic Quarterly performance Monthly performance ,- --------- ....' ,,'I ,.,----------------------------------............',,\I,,,.,-----------------------......
Slide 7: Hospitality Revenue Breakup
Hospitality Revenue Breakup CH A LETHOTELS F&B lagging on restrictions by state governments 800 724 700 627 600 500 462 400 358 370 312 310 291 298 300 261 273 215 237 172 185 166 200 131 108 106 113 122 93 70 100 57 49 55 27 0 20 19 -30 -11 -100 -58 -107 -99 -200 -145 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1
Slide 8: Hospitality City-wise Performance
Hospitality City-wise Performance CH A LET HOTELS Q1FY22 Q4FY21 QoQ% Q1FY21 YoY % ADR (Rs.) MMR 3,431 4,562 -25% 3,616 -5% Bengaluru 4,476 3,900 15% 5,245 -15% Hyderabad 4,017 4,067 -1% 3,958 2% Pune 2,418 2,888 -16% 0 Q1FY22 Revenue Rs. 462 Mn* Combined 3,523 4,173 -16% 3,860 -9% Bengaluru 13% Occu
Slide 9: Improving efficiencies – Hospitality Q1FY22
Improving efficiencies – Hospitality Q1FY22 CH A LET HOTELS ~46%* reduction in ~70%* reduction in 0.70 Staff to room ratio June-21 (0.74 as on March-21) Fixed costs Variable costs (1.18 as on Dec-19) Payroll Costs % of Revenue Utilities as a % of Revenue 64% 42% 29% 23% 18% 13% ■ Q1FY21 ■ Q4FY21 ■ Q
Slide 10: Retail & Commercial Performance
Retail & Commercial Performance CH A LET HOTELS Steady rental from Commercial portfolio (In Rs. Mn) Q1FY22 Q4FY21 FY21 Total Revenue 233 258 926 SLM 21 22 115 EBITDA 191 215 724 Margin % 82% 83% 78% Updates as of June 2021: • Sahar Office Tower • Inorbit Mall Bengaluru • Fully Leased • Closed in May
Slide 11: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement CH A LET HOTELS (In Rs. Mn) Particulars Q1FY22 Q4FY21 QoQ% Q1FY21 YoY% FY21 Income 753 1,021 -26% 589 28% 3,167 Expenses 781 957 -18% 581 33% 2,873 EBITDA from discontinued Operations -3 -13 -5 -41 Total EBITDA -31 51 3 253 One-time adjustments 561,2 1233 - 1233
Slide 12: Net Debt Position
Net Debt Position CH A LET HOTELS (In Rs. Mn) Cost of Rupee Loans: 7.92% (As on June 30, 2021) As on 31st March 2021 8.04% Consolidated March 31, 2018 March 31, 2019 March 31, 2020 March 31 , 2021 June 30, 2021 Gross Debt 27,093 14,942 17,907 19,389 20,307 Cash & Equivalent 70 470 1,337 677 770 Net
Slide 13: Ongoing Projects
Ongoing Projects CH A LET HOTELS The Commercial Tower in Renaissance Complex, Powai is a premium office space of ~0.75 msf. Expected to be completed by Q4FY23 The Commercial Tower in Marriott Complex, Whitefield, Bengaluru is a premium office space with leasable area of ~0.45 msf. Given the labour s
Slide 14: About Chalet
About Chalet 13
Slide 15: Sustainable tomorrow
Sustainable tomorrow Energy Initiatives ✓ Increase contribution of electricity sourced from non fossil fuel-based sources - 51% of total USGB Gold Leed Certification consumption in FY21 – JW Marriot Mumbai Sahar ✓ All new properties to be LEED certified – Marriott Whitefield Bengaluru ✓ Reduce energ
Slide 16: Employee Wellbeing
Employee Wellbeing CH A LET HOTELS Initiatives focused in dealing with Covid-19 Chalet Hotels Ranked 6# in Mid size corporates by • 1to1 Help _ Reach Out : Focused on Employee Mental Great Place to Work © health Institute India 2021 • EKIN Care : Medical advisory services for employee • Mindspace Ap
Slide 17: Chalet Cares
Chalet Cares CH A LET HOTELS Chalet War Room Term Insurance A dedicated team which is available 24*7 to help employees connect Incase of an unfortunate event, Chalets Corporate employee’s with leads in incase of emergencies. family receives One Yearly CTC as a lump sum amount, to ensure their financ
Slide 18: Guest commitment – Initiatives rolled out by brand partners
Guest commitment – Initiatives rolled out by brand partners CH A LET HOTELS Marriott International Accor 17
Slide 19: More than just business…
More than just business… CH A LET HOTELS Distributing PPE kits and meals to front Health and Safety of the guest at the Lighting up hearts, as we look forward to line workers forefront better times! 18
Slide 20: Our Hotel Portfolio
Our Hotel Portfolio CH A LET HOTELS Novotel Pune Nagar Road Hotel JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (427 (223 Keys) (588 Keys) (391 Keys) Keys) Strategically Chosen Brands at Key Locations Four Points by Sheraton Navi Lakeside Chalet, Mumbai-
Slide 21: Hotel-led Complementary Mixed-Use Developments
Hotel-led Complementary Mixed-Use Developments CH A LET HOTELS Strategy of co-locating projects augur well for Business Demand coupled with optimal utilization of available land Office and Retail (0.9 Mn sqft) Office Tower Inorbit Mall Whitefield, Bengaluru Whitefield, Bengaluru 0.1 mn sq ft 0.3 mn
Slide 22: Disclaimer
Disclaimer CH A LET HOTELS This release has been prepared by Chalet Hotels Ltd (CHL) and the information on which it has been based has been derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given a
Slide 23: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051