Slide 1: Submission of presentation to investors / analysts
CIN: L55101WB1949PLC017981 CORPORATE OFFICE: 7, SHAM NATH MARG, DELHI – 110 054, INDIA TELEPHONE: +91 - 11- 2389 0505 WEBSITE: www.eihltd.com / E-MAIL: isdho@oberoigroup.com 07th February 2024 The National Stock Exchange of India BSE Limited Limited Corporate Relationship Dept. Exchange Plaza, 5th F
Slide 2: EIH Limited Earnings Call: Q3FY24
EIH Limited Earnings Call: Q3FY24 EIH Limited Investors’ Conference Call Quarter ended 30th June 2023 1 Classification | External Image: Wildflower Hall, An Oberoi Resort
Slide 3: India Hotel Sector enjoying an 'Amrit Kaal'
Classification | External India Hotel Sector enjoying an ‘Amrit Kaal’ ▪ All-India ADR of Rs. 7.5k; 3 markets with ADR over Rs 10k ▪ Eight markets with 5-digit Lux-UpperUp ADR ▪ Supply growth by 14k rooms, the highest in any year; net pipeline up by 23k. ▪ GDP expected to grow 6.5% - 7% over next 3 y
Slide 4: Indian Hotel Market – 2023
Classification | External Indian Hotel Market – 2023 ▪ Foreign Traveller Arrivals for Jan-Nov 23 were 16.8% above Jan-Nov 22, but remain below 10+ mn arrivals pre-Covid, creating future demand potential from a complete revival and subsequent growth. ▪ 2023 ADRs is ahead of 2019 ADR in each segment w
Slide 5: RevPAR Growth of Oberoi and Trident Hotels consistently higher than industry
Classification | External RevPAR Growth of Oberoi and Trident Hotels consistently higher than industry *All Domestic Hotels including Managed 20,000 18,000 16,000 14,000 Industry - FY24 12,000 Industry - FY23 10,000 Industry - FY20 EIH* - FY24 8,000 EIH* - FY23 6,000 EIH* - FY20 4,000 2,000 0 Apr Ma
Slide 6: Operations
Classification | External Operations Q3FY24 Operational Performance Best Performing Q1 in the history of the Company 5 Image: Image: TheThe Oberoi Oberoi Zahra, Zahra on Nile on the Nile
Slide 7: EIH maintains consistent RevPAR Leadership over STR Competition Set
Classification | External EIH maintains consistent RevPAR Leadership (127%) 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 8: Elevated Q3 Positioning Y-o-Y
Classification | External Elevated Q3 Positioning Y-o-Y All Domestic Hotels including Managed 60,000 50,000 Oberoi Leisure - CY 18% Oberoi Leisure - LY 40,000 ARR (Rs) 30,000 Oberoi Metro - CY 27% 20,000 Oberoi Metro - LY Trident Leisure - CY 14% Others - CY 25% Trident Metro - CY 10,000 Trident Met
Slide 9: Trends in International Locations
Classification | External Trends in International Locations [Oct to Dec] Morrocco [CY] Morrocco [LY] UAE [LY] UAE [CY] Mauritius [LY] Mauritius [CY] ARR (USD) Egypt [CY] Indonesia [LY] Egypt [LY] Indonesia [CY] Occupancy Classification | External 8
Slide 10: Q3 RevPAR grew 27% and 23% Y-o-Y
Classification | External Q3 RevPAR grew 27% and 23% Y-o-Y ‘Owned’ and ‘All Domestic’ hotels (including managed) respectively Figures in INR Q3 Q3 Q3 Q3 Q3 Pre-Covid Covid 1st wave Recovery after 1st Covid 2nd Recovery after 2nd Omicron Post-Covid 16,962 wave wave wave wave 15,284 13,332 15,766 14,2
Slide 11: Q3 ARR/Occupancy trends by month
Classification | External Q3 ARR/Occupancy trends by month All Domestic Hotels including managed 79% 84% 75% 83% Occupancy 78% 67% FY24 Quarterly Occupancy & ARR FY23 79% 80% 21,000 77% 19,985 19,000 75% 17,000 70% 16,737 15,000 October November December 65% 13,000 11,000 60% 9,000 55% ARR ARR 7,000
Slide 12: Q3 RevPAR Y-o-Y growth by City
Classification | External Q3 RevPAR Y-o-Y growth by City All Domestic Hotels including Managed 39% 34% 28% 28% RevPAR Growth 22% 19% 18% 16% 14% 12% 11% -1% # -3%* Agra Delhi / NCR International Jaipur / Bhubaneswar Chennai Mumbai Kolkata Hyderabad Bengaluru Udaipur Cochin Shimla / Ranthambore Chand
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 250 Cr 200 Cr Corporate 150 Cr Direct 100 Cr Leisure MICE 50 Cr 0 Cr Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY2
Slide 14: Strong Bounce Back in Q3 Flight Catering & Airport Lounge Business
Classification | External Strong Bounce Back in Q3 Flight Catering & Airport Lounge Business Revenue EBITDA Q3FY19 Q3FY20 Q3FY21 Q3FY22 Q3FY23 Q3FY24 Q3FY19 Q3FY20 Q3FY21 Q3FY22 Q3FY23 Q3FY24 120 40 37 107 Margin 100 30 35% 80 71 20 15 70 11 60 10 44 0 40 0 30 EBITDA 20 16 -10 -6 -10 0 -20 13
Slide 15: Financials
Classification | External Financials Q3FY24 Growth in Financial Performance
Slide 16: Financial Performance – Q3FY24
Classification | External Financial Performance – Q3FY24 Standalone and Consolidated Revenue Expenses EBITDA Funds PAT
Slide 17: Strongest Q3 Standalone performance
Classification | External 800 Strongest Q3 Standalone performance Strongest Q3 230 Figures in INR Crores Revenue EBITDA PAT 700 680 187 180 600 524 130 500 457 449 104 408 379 383 375 80 400 75 355 64 315 45 324 54 324 302 47 309 41 44 43 300 33 28 30 239 22 33 193 200 168 145 146 -20 105 102 107 10
Slide 18: Strongest Q3 Consolidated Performance
Classification | External Strongest Q3 Consolidated* Performance Figures in INR Crores 900 250 Revenue EBITDA PAT 230 800 770 200 700 603 600 150 547 534 151 500 100 97 103 379 400 353 41 50 300 226 184 178 195 200 0 99 100 (11) -50 0 (56) -100 -100 Q3FY19 Q3FY20 Q3FY21 Q3FY22 Q3FY23 Q3FY24 *Consoli
Slide 19: Strong Standalone Funds position
Classification | External Strong Standalone Funds position Figures in INR Crores Prudent financial management and debt reduction strategies 371 188 227 129 -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,
Slide 20: Strong Consolidated Funds Position
Classification | External Strong Consolidated Funds Position Figures in INR Crores Prudent financial management and debt reduction strategies 684 542 509 468 256 94 76 -20 -75 -80 -174 -168 -133 Net Cash Positive -270 -384 Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, Sep 3
Slide 21: Financial Statements
Classification | External Financial Statements Q3FY24 20
Slide 22: Performance Highlights (Standalone)
Classification | External Performance Highlights (Standalone) STANDALONE P&L QTR 3 Figures in Rs Crores rounded to first decimal FY24 FY23 Revenue from Operations 652.1 512.2 Other Income 28.0 12.3 TOTAL INCOME (A) 680.1 524.5 30% Consumption 59.8 50.3 Employee Benefits (excluding third party cost)
Slide 23: Performance Highlights (Standalone) Q-o-Q
Classification | External Performance Highlights (Standalone) Q-o-Q STANDALONE Financial Results for starting from Q1 FY22 to Q3 FY24 Revenue EBITDA PBT (before exceptional items) PAT 309 273 680 187 249 214 587 147 193 525 157 490 154148 120114 104 455 90 85 357368 94 90 78 57 53 42 324 41 33 279 3
Slide 24: Performance Highlights (Consolidated)
Performance Highlights (Consolidated) Classification | External Consolidated P&L QTR 3 Figures in Rs Crores rounded to nearest first decimal FY24 FY23 Revenue from Operations 741.3 586.4 Other Income 28.6 16.8 TOTAL REVENUE (A) 769.9 603.2 28% Consumption 64.6 54.5 Employee Benefits*(excluding third
Slide 25: Performance Highlights (Consolidated) Q-o-Q
Classification | External Performance Highlights (Consolidated) Q-o-Q CONSOLIDATED Financial Results for starting from Q1 FY22 to Q3 FY24 Revenue EBITDA PBT (before exceptional items) PAT 770 664 353 328 603 552 230 523 201 417 226 231 196 412 180165 149 379 145 317 130 106 94 118101 92 248 99 75 61
Slide 26: 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 27: Business Footprint
Classification | External Business Footprint st Period ended 31 December 2023 26
Slide 28: 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 • The Oberoi, New Delhi • Wildflower Hall, Shimla • The Oberoi Rajvilas Hotel Business EIH Holdings
Slide 29: 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 30: 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 31: Thank You
Classification | External THANK YOU