City Lodge Hotels Limited · JSE:CLH
City Lodge Hotels — FY2024 Earnings Presentation
17 slides from City Lodge Hotels's earnings presentation, September 2024
Slide 1: Results presentation
Results presentation FOR THE YEAR ENDED 30 JUNE 2024
Slide 2: Disclaimer
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Disclaimer 2 Certain statements in this document may constitute an offer or invitation or inducement to subscribe for or ’forward looking statements’. Such forward looking purchase any securities, and nothing contained herein statements refl
Slide 3: Financial highlights
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Financial highlights 3 REVENUE RETURN ON EQUITY ADJUSTED EBITDAR PROFIT FOR THE YEAR R1.9bn 16.5% R586.2m R189m 2023: R1.7bn 13% 2023: 15.6% 0.9% points 2023: R515.8m 14% 2023: R164m 15% GROUP OCCUPANCY EARNINGS PER SHARE (DILUTED) HEADLINE
Slide 4: Operational review
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Operational review 4 • Group occupancy – 58% up two percentage points from 2023 • Average room rates – up by 8% • Revenue – up by 13% to R1.9 billion (2023: R1.7 billion) • Revenue growth by segment o Courtyard Hotels – 27% o City Lodge Hote
Slide 5: Capital allocation
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Capital allocation 5 • Cash generated by operations R576.7 million (2023: 539.5 million) • Full settlement of interest-bearing borrowings of R300 million. No outstanding debt as at 30 June 2024 • Total of 11.7 million shares were re-purchase
Slide 6: Capital allocation continued
City Lodge City Hotels Lodge Year Hotels ended Year 30 June ended 2024 30 June 2024 YEAR END RESULTS Capital allocation continued 6 City Lodge Hotel V&A Waterfront refurbishment – artist’s impressions
Slide 7: Capital allocation continued
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Capital allocation continued 7 Road Lodge Durban refurbishment Town Lodge Bellville refurbishment
Slide 8: Capital allocation continued
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Capital allocation continued 8 City Lodge Hotel Umhlanga Ridge refurbishment – artist’s impressions
Slide 9: Group hotel portfolio
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Group hotel portfolio 9 Our upscale Courtyard Hotel This upper mid-scale style City Modelled on an upper midscale hotel Road Lodge may be an economy brand appeals to business, leisure Lodge Hotel brand delights in offering, the Town Lodge br
Slide 10: Our operating footprint
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Our operating footprint 10
Slide 11: Group structure
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Group structure 11
Slide 12: Our board
City Lodge Hotels Year ended 30 June 2023 YEAR END RESULTS Our board 12 Standing from left to right Dhanisha Nathoo chief financial officer Lindiwe Siddo chief operating officer Andrew Lapping Stephen Enderle Mathukana Mokoka Ndumi Medupe Seated from left to right Deon Huysamer Frank Kilbourn deputy
Slide 13: Our management team
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS Our management team 13 Andrew Widegger chief executive officer Dhanisha Nathoo chief financial officer Lindiwe Siddo chief operating officer Tony Balabanoff divisional director operations Zuki Jantjies divisional director sales & marketing M
Slide 14: Top 20 investors as at end June 2024
City Lodge Hotels Yea ended 30 June 2023 YEAR END RESULTS Top 20 investors as at end June 2024 14 Rank Top20 Investors % Holding 1 Allan Gray 14.13% 84,528,969 2 Enderle SA (Pty) Ltd 9.09% 54,358,553 3 Entertainment Holdings (Pty) Ltd 8.36% 50,001,729 4 Stanlib 4.68% 28,000,000 5 Peregrine Capital 4
Slide 15: Outlook
City Lodge Hotels Year ended 30 June 2023 YEAR END RESULTS Outlook 15 • With the formation of the GNU, the 2025 financial year holds promise for a reinvigorated South Africa and surrounding territories. • The 2025 financial year has commenced with a cautious improvement in economic sentiment, compar
Slide 16: Year end results
City Lodge Hotels Year ended 30 June 2023 YEAR END RESULTS 16 16
Slide 17: Year end results
City Lodge Hotels Year ended 30 June 2024 YEAR END RESULTS