Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Q3 FY2026 Earnings Presentation
42 slides from Samhi Hotels's earnings presentation, Jan 28, 2026
Slide 1: Investor Presentation for Quarter 3 FY26 filing letter
28th January 2026 SAMHI Hotels Ltd. CIN: L55101DL2010PLC211816 BSE Limited National Stock Exchange of India Regd. Office: Caspia Hotels Corporate Relationship Department Limited Delhi, District Centre Crossing, Opp. Galaxy Toyota Outer Ring Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-
Slide 2: Investor Presentation Q3 FY2026
www.samhi.co.in Hyatt Regency, Pune Investor Presentation Q3 FY2026 Page 1
Slide 3: Important notes on the presentation format
www.samhi.co.in Important notes on the presentation format • We are now uploading a detailed Excel file containing all supporting data for your convenience on our website https://samhi.co.in/investor- relations/ • To avoid any ambiguity, we have streamlined our EBITDA representations by reporting on
Slide 4: From the CEO's Desk
www.samhi.co.in From the CEO’s Desk We are pleased to share an update on our performance for the quarter ending 31st December 2025, along with key developments across our portfolio. We would summarize the quarter as follows: • Strong operating performance: same store RevPAR growth of 13.3% YoY; tota
Slide 5: Q3FY26 Highlights
www.samhi.co.in Q3FY26 Highlights RevPAR1 Total Income • Delivered a strong and healthy operating performance, with revenue growth of 16.2% YoY, ₹5,643 ₹3,419mn reflecting sustained demand and pricing strength + 13.3% YoY + 16.2% YoY • Consolidated EBITDA margin impacted by ~2.0% due to change in GS
Slide 6: 9M - FY 2026
www.samhi.co.in 9M - FY 2026 Q3 FY26 9M FY26 % chg. YoY basis % chg. YoY basis ₹5,643mn ₹5,147mn RevPAR1 +13.3% +11.7% ₹3,419mn ₹9,255mn Total Income +16.2% +13.5% ₹1,263mn ₹3,424mn Consol. EBITDA +13.2% +15.2% PBT ₹562mn ₹1,203mn Before exceptional items Recorded healthy revenue growth of 13.5% YoY
Slide 7: Macro Dynamics
www.samhi.co.in Macro Dynamics Fairfield by Marriott, Coimbatore (ADD) Fairfield Hyderabad All Day Dining
Slide 8: Robust commercial activity across key markets
www.samhi.co.in Robust commercial activity across key markets Office market size1 (mn sq. ft.) Net Absorption2 FY25 Q3FY25 Q3FY26 9MFY26 Current Upcoming Total of Total of Total of Total of ~51 mn sqft ~16 mn sqft ~17 mn sqft ~47 mn sqft Bangalore 219 37 13.1 4.0 4.9 11.9 4 Key Markets (Bangalore, H
Slide 9: Early Signs of Normalization Emerge in Q3 Passenger Traffic Trends
www.samhi.co.in Early Signs of Normalization Emerge in Q3 Passenger Traffic Trends QoQ airline passenger growth (in mn)1 Q3FY26 change over Q3FY252 9.4% 8.3% 8.2% -1% 7.1% YoY 6.3% 77 77 75 71 72 71 70 4.4% 67 70 66 65 3.4% 63 53 53 0.8% -2.3% Pune Delhi Goa Kolkata Ahmedabad Bangalore Mumbai Chenna
Slide 10: Performance Summary
www.samhi.co.in Performance Summary Courtyard by Marriott, ORR (ADD) Courtyard by Marriott Bangalore ORR Reception
Slide 11: Sustained Revenue and EBITDA Growth
www.samhi.co.in Sustained Revenue and EBITDA Growth FY20255 FY2026 Q1 Q2 Q3 Q4 Q1 Q2 Q3 RevPAR Trend Total Income 2,568 2,705 2,987 3,236 2,873 2,963 3,419 +13.3% YoY YoY growth 33.5% 21.2% 9.3% 11.6% 13.0% 11.0% 16.2% Consol. EBITDA 934 1,016 1,177 1,307 1,0563 1,105 1,2636 YoY growth 43.7% 37.6% 1
Slide 12: Segment Performance
www.samhi.co.in Segment Performance Stable: Y-o-Y change of +/-200bps; Upward: Y-o-Y increase of between 200 – 700bps; Strong Upwards: Y-o-Y increase of more than 700bps; Downward: Y-o-Y decrease of between 200 – 700bps; and Strong Downwards: Y-o-Y decrease of more than 700bps Upper Upscale & Upscal
Slide 13: Revenue share by segment
www.samhi.co.in Revenue share by segment Upper Upscale & Upscale Upper Mid-scale Mid-scale 12% 17% 42% 27% 60% 41% On-going rebranding/ renovations to increase Upscale Upon Completion Q3FY26 of Committed Projects share of revenues from ~42% to ~60% Page 12
Slide 14: Q3FY26 - Total Income bridge
www.samhi.co.in Q3FY26 - Total Income bridge (amounts in ₹ mn, unless specified otherwise) +15.6% +16.2% YoY YoY 103 (38) 37 391 +13.8% YoY 3,382 3,419 2,926 Recorded healthy same store growth of 13.8% Q3 FY25 Asset Growth in Same Store 2 Growth from new openings 3 Loss due to sold/ discountinued Q3
Slide 15: Q3FY26 – Consol. EBITDA bridge
www.samhi.co.in Q3FY26 – Consol. EBITDA bridge (amounts in ₹ mn, unless specified otherwise) +10.8% +19.2% 35 (67) YoY +13.2% YoY Without GST (11) YoY Impact 173 (78) +67 +14.7% YoY 1,341 1,211 1,263 Q3 FY25 Growth in Growth from GST Change Loss due to Q3 FY26 Net Q3 FY26 Asset Same Store 2 new open
Slide 16: GST Impact Analysis
www.samhi.co.in GST Impact Analysis Recent GST change has reduced the overall cost to customers, improving affordability across segments; reflected in strong revenue growth Early evidence indicates this has stimulated GST impact as % of incremental demand, particularly in price- Q3 FY26 Revenue Grow
Slide 17: Operational Efficiency
www.samhi.co.in Operational Efficiency Q3FY26 Bridge from Total Asset Income to Consol. EBITDA (525) (15.5%) +2% margin impact (355) on account of new (10.5%) GST changes (702) 39.7% 36.9% 3,382 (20.7%) (170) Asset EBITDA Consol. EBITDA (166) (5.0%) (56) Margin Margin (4.9%) (66) (1.7%) (78) (2.0%)
Slide 18: Growth Projects
www.samhi.co.in Growth Projects Renaissance, Ahmedabad (ADD) Fairfield Hyderabad All Day Dining
Slide 19: Internal growth projects to accelerate future growth
www.samhi.co.in Internal growth 4,9041 current operational rooms projects to accelerate Rebranding of 473 rooms and addition of 1,458 future growth rooms through combination of expansion and new opening to aid revenue expansion # Hotel Segment Growth Project Status FY26 FY27 FY28 FY29 FY30+ 1 Holida
Slide 20: Expansion: Nagar Road, Pune
www.samhi.co.in Nagar Road, Pune (22 apartments under pre-opening) Expansion Artist impression, actual may vary Page 19
Slide 21: Expansion: Gachibowli, Hyderabad
www.samhi.co.in Gachibowli, Hyderabad (42 apartments - Completed) Expansion Artist impression, actual may vary Page 20
Slide 22: W HITEC City, Hyderabad
W www.samhi.co.in HITEC City, Hyderabad (170 rooms) An iconic brand in one of India’s largest commercial districts under development Artist impression, actual may vary Current Status: • Design development is at final stage • Existing building modifications undergoing • Mock-up rooms to commence in Q
Slide 23: Strong product in a resilient market to allow high ARR performance
Strong product in a resilient market www.samhi.co.in to allow high ARR performance W HITEC City, Hyderabad (170 rooms) New Development Artist impression, actual may vary Page 22
Slide 24: Westin & Tribute Portfolio, Whitefield, Bangalore
www.samhi.co.in Westin & Tribute Portfolio Whitefield, Bangalore (142 rooms renovation & 220 new rooms) Under Renovation & Development Pagemay Artist impression, actual 23vary
Slide 25: Commencement of demolition and pre-construction activities
www.samhi.co.in Commencement of demolition and pre- construction activities at site for Westin block Westin & Tribute Portfolio Whitefield, Bangalore (142 rooms renovation & 220 new rooms) Under Renovation & Development Page 24
Slide 26: Summary Financials
www.samhi.co.in Summary Financials Hyatt Place, Gurgaon (ADD) Sheraton Hyderabad
Slide 27: Financial Summary (Consolidated P&L)
www.samhi.co.in Financial Total Income Q3FY26 3,419 Q3FY25 2,941 YoY % +16.2% 9MFY26 9,255 9MFY25 8,152 YoY % +13.5% FY25 11,386 Summary Consolidated EBITDA 1,263 1,115 +13.2% 3,424 2,973 +15.2% 4,251 EBITDA Margin 36.9% 37.9% 37.0% 36.5% 37.3% (Consolidated P&L) Depreciation & Amortization (298) (2
Slide 28: Financial Flexibility
www.samhi.co.in Financial Mar 31, 2024 Jun 30, 2024 Sep 30, 2024 Dec 31, 2024 Mar 31, 2025 Jun 30, 2025 Sep 30, 2025 Dec 31, 2025 Flexibility Net Debt (₹ mn) 18,242 18,626 18,788 20,643 19,669 14,345 13,700 14,503 TTM EBITDA1 3,681 3,810 4,045 4,204 4,434 4,5745 4,7025 4,8185 (₹ mn) 6 9.7% 10.00% 9.
Slide 29: About Us
www.samhi.co.in About Us Renaissance, Ahmedabad (Lobby) Renaissance Ahmedabad Lobby
Slide 30: Acquisition led strategy has delivered scale
www.samhi.co.in Acquisition led strategy has 12,490 delivered scale 11,497 • Short capex to revenue cycle due to 9,787 acquisition led approach Consol Revenue • Discount to replacement cost for long term 23% CAGR (10 yrs.) 1 returns 7,615 • Long term variable leases to use capital more 6,276 efficie
Slide 31: Our portfolio spans across price points
www.samhi.co.in Our portfolio spans across price points capturing a wide segment of travelers Mid-scale Upper Mid-scale Upper Upscale & Upscale Unique portfolio of assets with a 14 sq. Bridge to high-end hotels. Maintain Individually curated hotels capturing mt. room but competing with much efficien
Slide 32: Upper Upscale & Upscale
www.samhi.co.in Upper Upscale & Upscale Operating 5 Hotels +6 under development 1,128 Rooms (+1,235* under development/ rebranding) WESTIN ₹1,412mn Revenue HOTELS & RESORTS (Q3FY26) Development TRIBUTE PORTFOLIO Under Bengaluru TRIBUTE W PORTFOLIO HOTELS Pune Jaipur Hyderabad Page 31 Note: Includes
Slide 33: Upper Mid-scale
www.samhi.co.in Upper Mid-scale 14 Hotels +1 under development 2,047 Rooms (+436* under development and inc. 473 under rebranding) ₹1,396mn Revenue (Q3FY26) Page 32 Note: Includes ~350 rooms of Fairfield, Navi Mumbai. Please note that the brand is subject to execution of definitive agreements and th
Slide 34: Mid-scale
www.samhi.co.in Mid-scale 12 Hotels +1 under development 1,729 Rooms (+260 under development) ₹574mn Revenue (Q3FY26) Page 33
Slide 35: Dominant share with leading operators
www.samhi.co.in Dominant share with leading operators Upcoming Brands Marriott W WESTIN TRIBUTE 2,229 HOTELS HOTELS & RESORTS PORTFOLIO Our hotels operate under some of the most 66% well recognized global hotel brands IHG Hyatt 578 574 17% 17% This gives us access to loyalty programs, distribution a
Slide 36: Team that built the business
www.samhi.co.in Team that built the business 13+ yrs 14+ yrs 14+ yrs 8+ yrs In SAMHI In SAMHI In SAMHI In SAMHI Sanjay Jain Ashish Jakhanwala Rajat Mehra Senior Director, Corporate Affairs, Gyana Das Tanya Chakravarty Chairman, MD & CEO CFO Company Secretary and EVP & Head of Investments General Cou
Slide 37: Strong governance with highly experienced board members
www.samhi.co.in Strong governance with highly experienced board members Ashish Manav Thadani Ajish Abraham Michael David Aditya Jain Archana Capoor Krishan Dhawan Jakhanwala Non-Executive & Jacob Holland Independent Independent Independent Chairman, Non- Independent Non-Executive & Independent Direc
Slide 38: Historical Consolidated P&L Summary
www.samhi.co.in Historical Consolidated P&L Summary Total Income (₹mn) Consolidated EBITDA (₹mn) PAT (₹mn) 11,497 9,787 9,255 7,614 6,276 4,258 3,424 3,331 2,879 2,606 1,793 1,720 1,671 855 218 -597 (2,346) (2,999) (3,386) (4,433) (4,777) FY20 FY21 FY22 FY23 FY24 FY25 9M FY26 FY20 FY21 FY22 FY23 FY2
Slide 39: Historical Consolidated Quarterly P&L Summary
www.samhi.co.in Historical Consolidated Quarterly P&L Summary Total Income (₹mn) Consolidated EBITDA (₹mn) PAT (₹mn) 3,419 3,236 2,987 2,963 2,899 2,873 2,733 2,705 2,568 2,232 1,924 1,263 1,263 1,132 1,056 1,105 962 972 998 904 890 540 473 459 481 228 192 113 126 42 (744) (835) (880) Q1'24 Q2'24 Q3
Slide 40: Glossary
www.samhi.co.in Operating Addition/ Glossary # Hotel Brand City Location Operator Segment Rooms Renovation 1 Hyatt RegencyTM Pune Nagar Road Hyatt Upper Upscale 301 22 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 - 3 Sheraton1 Hyderabad Gachibowli Marriott Upscale 326 - 4 Courtyard
Slide 41: Disclaimer
www.samhi.co.in Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by SAMHI Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe f
Slide 42: Thank You
Company Thank SAMHI Hotels Ltd. CIN: L55101DL2010PLC211816 Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in www.samhi.co.in Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Rahul Agarwal/ Ms. Prachi Sharma +91- 98214388