Banyan Tree Holdings Limited · SGX:B58
Banyan Tree — FY2022 Earnings Presentation
33 slides from Banyan Tree's earnings presentation, May 15, 2023
Slide 1: FY2022 Results Briefing
FY2022 RESULTS BRIEFING BANY AN TRE E GROUP B a n y a n Tr e e A l U l a , S a u d i A r a b i a
Slide 2: Disclaimer
Disclaimer This document is provided to you for information only and should not be relied on or used as a basis for making any specific investment, business or commercial decision. No representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the informatio
Slide 3: Agenda
1. Overview 2. Key Segments Business Review Agenda 3. Outlook 4. Questions & Answers
Slide 4: Overview
Overview BANY AN TRE E GROUP B u a h a n , A B a n y a n Tr e e E s c a p e , I n d o n e s i a
Slide 5: Group Financial Highlights
OVERVIEW Group Financial Highlights (S$ million) 1H22 2H22 FY22 FY21 Variance FY22 vs FY21 Revenue 118.6 152.7 271.3 221.2 23% Operating Profit 26.5 15.2 41.7 4.5 N.M. 5 Core Operating Profit1 11.1 9.5 20.6 5.3 289% PATMI2 0.5 0.3 0.8 (55.2) N.M. BANY AN TRE E GROUP 1 Core Operating Profit = Operati
Slide 6: Executive Summary
Returns to profitability with PATMI of S$0.8m in FY22 compared to a loss of S$55.2m OVERVIEW in FY21. All business segments performed better than FY21. Revenue up by 23% mainly contributed by hotel operations in Asia (except China) & Americas and higher Executive revenue recognition of property
Slide 7: Key Figures
OVERVIEW Key Figures1 S$0.56 S$0.80 38% 51% S$92.8m S$131m discount NAV2 Per Share Share Price3 / NAV Cash and Cash Equivalents 7 46% S$0.6b Net Gearing Ratio4 Enterprise Value5 BANY AN TRE E GROUP Note: 1. Financial figures as at 31-Dec-22. 2. NAV denotes Net Asset Value. 3. Share price based on cl
Slide 8: Key Segments Business Review
Key Segments Business Review BANY AN TRE E GROUP Homm Huzhou Xisai Shan, China
Slide 9: Segment Performance FY22 vs FY21
KEY SEGMENTS BUSINESS REVIEW Segment Performance FY22 vs FY21 Hotel Investments Property Sales Fee-Based Segment Head Office Expenses Total S$’Mil FY22 FY21 Var FY22 FY21 Var FY22 FY21 Var FY22 FY21 Var FY22 FY21 Var Revenue 134.5 59.5 75.0 90.8 122.8 (32.0) 46.0 38.9 7.1 - - - 271.3 221.2 50.1 Expe
Slide 10: Hotel And Fee-Based Business
Hotel And Fee-Based Business B a n y a n Tr e e Ve y a P h u k e t , T h a i l a n d
Slide 11: RevPAR FY2022 vs FY2021
HOTEL AND FEE-BASED BUSINESS RevPAR All hotels (Same Store1) revenue per available room (“RevPAR”) increased by 30% to US$95 mainly due to higher occupancy (except China). FY2022 vs FY2021 US$ RevPAR 108 108 YTD 110 90 95 90 11 90 73 76 70 73 69 61 BANY AN TRE E GROUP 50 1Q 2Q 3Q 4Q 2021 2022 2021 2
Slide 12: RevPAR FY2022 vs FY2019
HOTEL AND FEE-BASED BUSINESS RevPAR All hotels (Same Store1) revenue per available room (“RevPAR”) in 4Q22 recovered to pre-Covid level in 4Q19. The gap for FY22 vs FY19 become smaller. FY2022 vs FY2019 US$ RevPAR YTD 125 121 98 95 100 94 85 12 93 82 75 84 81 68 BANY AN TRE E GROUP 50 1Q 2Q 3Q 4Q 20
Slide 13: New Hotels Opened In 2022
HOTEL AND FEE-BASED BUSINESS NO BRAND HOTEL NAME COUNTRY 1 Banyan Tree BT AlUla Saudi Arabia New Hotels 2 Banyan Tree Escape Buahan, A Banyan Tree Escape Indonesia Opened In 2022 3 Banyan Tree Veya BT Veya Phuket Thailand 4 Garrya GR Nijo Castle Kyoto Japan 13 First Banyan Tree in Saudi Arabia 5 Gar
Slide 14: New Contracts Signed In 2022
HOTEL AND FEE-BASED BUSINESS BRAND NO. OF CONTRACT SIGNED New 4 Contracts1 1 Signed In 2022 4 5 14 Mostly Hotel Management 1 Agreements signed for multi-brands. 1 13 in Asia 5 in China 3 BANY AN TRE E GROUP 1 in Europe 1 in North America SKYPARK 1 Total 20
Slide 15: Residences And Extended Stay (Property Sales)
Residences And Extended Stay (Property Sales) Skypark condominium, Thailand
Slide 16: Residences And Extended Stay Sales Progress
RESIDENCES AND EXTENDED STAY Sales Progress Residences Unit S$'M 400 $250 354 units And 350 $225 $200 Extended Stay 300 250 $154.1m $175 $150 200 $125 Sales Progress $217.2 $100 150 118 units $75 100 $50 16 50 $63.1 Strong momentum throughout the $25 year, overall sales value increased 0 $- by 244
Slide 17: Outlook
Outlook BANY AN TRE E GROUP Angsana Corfu, Greece
Slide 18: Outlook
OUTLOOK 11 new hotels and 1 rebranded are planned to open in 2023, representing a 24% increase in total room key count. It includes first Angsana hotel in Cambodia. We anticipated to reach 107 hotels with more than 16,000 keys by 2025. Outlook On track for full recovery to pre-pandemic levels. O
Slide 19: Projected Number of Keys
OUTLOOK Projected No. of Keys CAGR 17,000 22% 16,017 Pipeline 871 14,776 15,000 562 871 Growth1 562 2,023 13,000 1,803 Growth continue during COVID-19 pandemic 10,841 2,244 11,000 533 2,144 477 1,317 9,000 8,731 1,568 1,049 7,970 533 CAGR of 22% based on projects 7,008 442 71 397 845 485 697 7,000
Slide 20: Forward Bookings 1Q23 vs 1Q22
OUTLOOK 1Q23 vs 1Q22 Forward Bookings1 US$'M $55 Forward Bookings1 (OTB) 69% $50 $45 • Overall rebound as China and $40 more Asia countries opened up $35 their borders and lifted travel $30 restrictions. 54.0 $25 20 71% • China doubled the OTB vs. $20 19% STLY since the government $15 179% 32.0 anno
Slide 21: Forward Bookings 1Q23 vs 1Q19
OUTLOOK 1Q23 vs 1Q19 Forward Bookings1 US$'M $45 Forward Bookings1 (OTB) 25% $40 $35 • On same store basis, all owned and managed hotels catch up $30 pre-Covid-19 OTB in 1Q19. $25 7% $20 41.6 21 • In China, higher OTB likely due to pent up demand effect after 33.2 $15 borders closed for so long and
Slide 22: New Hotels Opened In 2022
New Hotels Opened In 2022 BANY AN TRE E GROUP G a r r y a N i j o C a s t l e Ky o t o , Ja p a n
Slide 23: Banyan Tree AlUla, Saudi Arabia
23 23 BANY AN TRE E GROUP B a n y a n Tr e e A l U l a , S a u d i A r a b i a
Slide 24: Banyan Tree AlUla, Saudi Arabia
24 24 BANY AN TRE E GROUP B a n y a n Tr e e A l U l a , S a u d i A r a b i a
Slide 25: Buahan, A Banyan Tree Escape, Indonesia
25 25 BANY AN TRE E GROUP B u a h a n , A B a n y a n Tr e e E s c a p e , I n d o n e s i a
Slide 26: Buahan, A Banyan Tree Escape, Indonesia
26 26 BANY AN TRE E GROUP B u a h a n , A B a n y a n Tr e e E s c a p e , I n d o n e s i a
Slide 27: Garrya Nijo Castle Kyoto, Japan
27 27 BANY AN TRE E GROUP G a r r y a N i j o C a s t l e Ky o t o , Ja p a n
Slide 28: Garrya Tongsai Bay, Samui, Thailand
28 28 BANY AN TRE E GROUP G a r r y a To n g s a i B a y , S a m u i , T h a i l a n d
Slide 29: Homm Sukhumvit 34, Bangkok, Thailand
29 29 BANY AN TRE E GROUP Homm Sukhumvit 34, Bangkok, T hailand
Slide 30: Homm Huzhou Xisai Shan, China
30 30 BANY AN TRE E GROUP Homm Huzhou Xisai Shan, China
Slide 31: Our Brands
BANYAN TREE ANGSANA CASSIA DHAWA aa OUR B & Q @& HON\N\ RANDS BUAHAN fag canna veya LaGuna
Slide 32: Questions & Answers
Questions & Answers BANY AN TRE E GROUP B A N YA N T R E E GROUP B a n y a n Tr e e N a n j i n g G a r d e n E x p o , C h i n a
Slide 33: Thank You
THANK YOU BANY AN TRE E GROUP B A N YA N T R E E GROUP B u a h a n , A B a n y a n Tr e e E s c a p e , I n d o n e s i a