Eih Limited · NSE:EIHOTEL
Eih — Q3 FY2023 Earnings Presentation
30 slides from Eih's earnings presentation, Feb 14, 2023
Slide 1: Submission of presentation to investors/analysts
CIN:L55101WB1949PLC017981 CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM 14th February 2023 The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor Corporate Relationship Dept. Plot No..C/1, G Block 1st Floor,
Slide 2: EIH Limited Investors' Conference Call, Quarter ended December 2022
Classification | External EIH Limited Investors’ Conference Call Quarter ended December 2022 1
Slide 3: Indian Hospitality Industry Key Highlights – Q3FY23
Classification | External Indian Hospitality Industry Key Highlights – Q3FY23 • In November 2022, the Indian hotel industry recorded its best performance since the pandemic began, with occupancy of 68-70% and average rates exceeding Rs 7,000. • Domestic air traffic in India increased by 2.5% in Nove
Slide 4: Indian Hospitality Industry Overview
Classification | External Indian Hospitality Industry Overview EIH RevPAR Growth Higher than Industry EIH Industry Leader in PAT Margin (excluding Exceptional Items) amongst Top 5* Hospitality Companies in India INDUSTRY RevPAR vs. Pre - Y-o-Y Current Year vs. Last Year Pandemic Q3FY23 9MFY23 Octobe
Slide 5: Indices relative to Competition Set | Domestic Hotels
Classification | External Indices relative to Competition Set | Domestic Hotels (including managed) Consistently high RGI due to higher price positioning Covid 1st wave Recovery after Covid 2nd Recovery after Omicron Covid 1st wave wave Covid 2nd wave wave 1.9 1.7 1.5 1.3 1.1 0.9 0.7 0.5 Apr May Jun
Slide 6: Voted 'Best Hotel Brand in the World'
Voted ‘Best Hotel Brand in the World’ at Travel + Leisure World’s Best Awards, 2022. ak Oberoi ‘The Oberoi, New Delhi Ranked Number 1 City Hotel in Asia_ | The Oberoi Udaivilas, Udaipur Ranked Number 1 Resort in India HOTELS& RESORTS The Oberoi, Marrakech Ranked Number 1 Resort in North Africa & the
Slide 7: Strong Foundation for Long Term Growth
Classification | External Strong Foundation for Long Term Growth
Slide 8: Strong Balance Sheet (Standalone) and Financial Agility
Classification | External Strong Balance Sheet (Standalone) and Financial Agility 76% 67% 63% Dec'22 Mar'22 Dec'21 Dec'19 4 pp Current Ratio 1.04 0.67 0.72 0.80 37% 33% 30% 26% 24% 22% Debt Equity Ratio 0.05 0.11 0.11 0.09 * Debt represent Bank Debt only Net Bank Debt (Rs in cr) 60.5 270.7 338.2 214
Slide 9: Financial Agility | Significantly enhanced operational efficiencies
Classification | External Financial Agility | Significantly enhanced operational efficiencies Vs. Q3FY20 2% 3% 26% 17% 1% Increase (Q3FY23 vs. Q3FY20) 17% Total Revenue Increase (Q3FY23 vs. Q3FY20) Consumption Of Provisions, Power & Fuel Repairs & Maintenance Adminstrative & Other expenses Payroll &
Slide 10: Stellar Q3 Performance
Classification | External Stellar Q3 Performance Best Performing Q3 in the history of the Company 9
Slide 11: Q3 RevPAR surpassed pre-pandemic level
Classification | External Q3 RevPAR surpassed pre-pandemic level In Rs. 13,332 Pre-Covid Performance Covid 1st wave Recovery after 1st Covid 2nd Recovery after 2nd Omicron Post Covid Performance 12,805 wave wave wave wave 10,473 9,196 9,987 8,773 8,850 8,076 7,493 8,219 6,715 8,004 6,506 6,432 7,021
Slide 12: Q3 ARR and Occupancy Performance at Domestic Hotels
Classification | External Q3 ARR and Occupancy Performance at Domestic Hotels (including managed) Monthly Occupancy 83% 79% 81% FY23 Quarterly Occupancy & ARR 67% 75% FY22 70% 66% FY20 90% 77% 18,000 61% 80% 74% 16,000 57% 70% 62% 14,000 60% 12,000 13,923 12,004 16,737 50% 10,000 Oct Nov Dec 40% 8,0
Slide 13: RevPAR Growth by city
Classification | External Q3 (FY23 vs FY20) City wise RevPAR growth at Domestic Hotels (including managed) 60% RevPAR Growth 35% 28% 28% 27% 20% 18% 15% 3% Delhi / NCR Bengaluru Kolkata Mumbai Udaipur Jaipur / Ranthambore Shimla / Chandigarh Agra Hyderabad Bhubaneswar / Chennai / Cochin -7% *At Udai
Slide 14: Q3 Occupancy and ARR performance at Domestic Hotels
Classification | External Q3 Occupancy and ARR performance at Domestic Hotels (including managed) Occ% | Q3 FY20 Occ% | Q3 FY22 Occ% | Q3 FY23 100% 86% 83% 90% 81% 79% 79% 77% 76% 75% 80% 71% 71% 70% 66% 65% 63% 70% 62% 59% 58% 56% 60% 50% 40% 30% 20% 10% 0% Oberoi Metro Oberoi Leisure (Vilas) Tride
Slide 15: Room Revenue Trends | Strong tailwinds
Classification | External Room Revenue Trends | Strong tailwinds FY20 FY21 FY22 FY23 200 Cr 180 Cr 160 Cr 140 Cr Corporate 120 Cr Direct 100 Cr 80 Cr Leisure 60 Cr MICE 40 Cr 20 Cr 0 Cr Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 (20 Cr) M
Slide 16: Trend of Foreign Room Nights
Classification | External Trend of Foreign Room Nights 80% 70% 67% 65% 59% 61% 60% 60% 60% 59% 54% 52% 51% 54% 58% 53% 49% 51% 50% 50% 46% 48% 49% 44% 45% 45% 46% 42% 43% 41% 41% 44% 45% 40% 39% 40% 39% 38% 34% 35% 37% 31% 39% 28% 28% 30% 37% 32% 30% 29% 28% 23% 25% 30% 22% 26% 27% 20% 24% 17% 19% 1
Slide 17: Q3 F&B Revenue
Classification | External Q3 F&B Revenue Domestic Hotels (incl. managed) Flight Catering & Airport Lounges Rs 221 Cr. 18% Rs 187 Cr. Rs 175 Cr. Rs 69 Cr. 57% Rs 44 Cr. Rs 30 Cr. Food & Beverage Revenue OFS - OAS Revenue Q3FY20 Q3FY22 Q3FY23 Q3FY20 Q3FY22 Q3FY23 Strong growth in Hotel F&B revenues St
Slide 18: Reducing our Carbon Footprint | Energy Conservation new initiatives
Classification | External Reducing our Carbon Footprint | Energy Conservation new initiatives Commissioning of Solar Plants The Oberoi • Solar Plants with a capacity of 3.0 MWp under operation Vanyavilas • Expected to generate 4.2 mn units p.a. thereby reducing the carbon footprint • 47% of electric
Slide 19: EIH Limited | Performance Highlights
Classification | External EIH Limited | Performance Highlights st Period ended 31 December 2022 18 18
Slide 20: Performance Highlights (Standalone)
Classification | External Performance Highlights (Standalone) STANDALONE P&L QTR 3 Figures in Rs Crores rounded to nearest first decimal FY23 FY22 Revenue from Operations 512.2 314.4 Other Income 12.3 10.0 TOTAL INCOME (A) 524.5 324.4 Consumption 50.3 42.4 Employee Benefits *(excluding third party c
Slide 21: Performance Highlights (Standalone)
Classification | External Performance Highlights (Standalone) Q-o-Q STANDALONE Financial Results for starting from Q3 FY20 to Q3 FY23 Revenue EBITDA PBT (before exceptional items) PAT TCI Rs. In crores Rs. In crores Rs. In crores Rs. In crores Rs. In crores 193 104 524.5 157 75 111 449 146 99 42 73
Slide 22: Performance Highlights (Consolidated)
Classification | External Performance Highlights (Consolidated) Consolidated P&L QTR 3 Figures in Rs Crores rounded to nearest first decimal FY23 (Actual) FY22 (L.Y.) Revenue from Operations 586.4 360.1 Other Income 16.8 12.5 TOTAL REVENUE (A) 603.2 372.6 Consumption 54.4 44.9 Employee Benefits*(exc
Slide 23: Performance Highlights (Consolidated)
Classification | External Performance Highlights (Consolidated) Q-o-Q CONSOLIDATED Financial Results for starting from Q3 FY20 to Q3 FY23 Revenue EBITDA PBT (before exceptional items) PAT TCI Rs. In crores Rs. In crores Rs. In crores Rs. In crores Rs. In crores 226 149 157 603 187 534 178 136 103 10
Slide 24: Expansion Plans
Classification | External Expansion Plans Upcoming Projects
Slide 25: Upcoming Projects
Classification | External Upcoming Projects Announced FY23 FY25 FY26 FY27 Recently Opened and Bay Club in Mumbai | Managed Opening Soon (Opened in November 2022) Restaurant in Mumbai | Leased (March 2023) Under Construction The Oberoi Rajgarh Palace | The Oberoi Kathmandu | Owned – 48 keys Managed –
Slide 26: Business Footprint
Classification | External Business Footprint st Period ended 31 December 2022 25
Slide 27: Corporate Structure
Classification | External Corporate Structure EIH Limited Within EIH Mumtaz Hotels EIH International Ltd 13 Hotels + Luxury Cruiser Mashobra Resort Limited EIH Associated Hotels Limited Limited • The Oberoi Amarvilas • The Oberoi, New Delhi • Wildflower Hall, Shimla • The Oberoi Rajvilas Hotel Busin
Slide 28: 24 Hotels and Resorts, 3,750 keys in India
Classification | External Hotels in India 1,523 keys 2,172 keys under The Oberoi Brand under Trident Brand 24 Hotels and Resorts 3,750 keys in India Where the Guest is Everything. 27
Slide 29: Oberoi Hotels & Resorts around the world
Classification | External Oberoi Hotels & Resorts around the world The Oberoi Philae, Luxury Nile Cruiser, The Oberoi Zahra, River Nile, Egypt The Oberoi Beach Resort, Al Zohra Luxury Nile Cruiser The Oberoi, Marrakech The Oberoi Beach Resort, Sahl Hasheesh, Egypt 497 keys under The Oberoi Brand (ex
Slide 30: Thank You
Classification | External THANK YOU