Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q2 FY2021 Earnings Presentation
29 slides from Chalet Hotels's earnings presentation, Nov 10, 2020
Slide 1: Chalet Hotels filing cover letter
CHALET HOTELS November 10, 2020 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, 1st Floor, New Trading Ring , Sandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir/
Slide 2: Presentation Q2FY21 November 2020
Presentation Q2FY21 November 2020 1
Slide 3: What Defines Us
What Defines Us Long Term Partnerships Resilient Crafting A Business Fine Balance Model Sustainable Best Practices 2
Slide 4: Update on Navigating COVID-19
Update on Navigating COVID-19 3
Slide 5: No Regret Actions - Initiated at the onset of Covid-19
No Regret Actions - Initiated at the onset of Covid-19 Projects • All projects, with the exception of lobby renovation work at Renaissance, on hold. Further action plans would be evaluated during the course of the year. Lower Costs • AMCs renegotiated to generate savings. • Novotel Pune and Four Poi
Slide 6: Update on Navigating COVID 1/2
Update on Navigating COVID 19 1/2 Reboot • All hotels opened with full room inventory • F&B including Banquets restarted in all hotels • Steady growth in demand in all segments Reinvent • Achieved 62% reduction in total cost base at the entity level for the H1FY21 Vs H1FY20. Initiatives started in e
Slide 7: Update on Navigating COVID 2/2
Update on Navigating COVID 19 2/2 Race Ahead • Roll over of RFP rates to the next calendar year by Marriott and Accor • Significant increase in domestic contracts negotiated • Strengthen partnerships with leading OTAs for increase in retail business • Contracts signed with several international airl
Slide 8: Engage with the government
Engage with the government Some key initiatives driven through engagement with state and central governments through industry associations and/or individually. Key wins in Maharashtra: 1. Monthly flexibility of contracted demand for power costs in Maharashtra a huge relief for hotels 2. 3 month waiv
Slide 9: Recommencement of Projects
Recommencement of Projects Strong demand for good quality new Grade A office spaces in the medium term The Commercial Tower in Renaissance Complex, Powai is a premium office space of ~0.75 msf. Project work that had stopped from March 2020, has been restarted on 1 October 2020. The Commercial Tower
Slide 10: Business Performance
Business Performance 9
Slide 11: Revenue Contribution
Revenue Contribution Steady contribution from Mixed-use development despite market conditions (In Rs. Mn) H1FY20 Revenue H1FY21 Revenue Others 116 9% Retail & Hospitality Commercial Retail & 4244 460 Commercial Hospitality 87% 10% 442 673 36% 55% Others 163 3% Hospitality Retail & Commercial Others
Slide 12: Hospitality Segment
Hospitality Segment Steady sequential improvement on quarterly performance (In Rs. Mn) Revenue Break-up H1FY21 Revenue Segment Profit* 4,244 1,602 F&B Room 22% 15% 26% 68% Others 673 10% 313 359 (145) (107) H1FY20 H1FY21 Q1FY21 Q2FY21 (251) H1FY20 H1FY21 Q1FY21 Q2FY21 * Segment Profit has been calcu
Slide 13: Hospitality City-wise performance
Hospitality City-wise performance H1FY21 Revenue Rs. 673 Mn Q2FY21 Q2FY20 YoY % H1FY21 H1FY20 YoY % ADR (Rs.) Bengaluru MMR 3,812 7,611 -50% 3,719 7,735 -52% 19% Bengaluru 5,337 8,543 -38% 5,292 8,686 -39% Hyderabad 4,726 7,809 -39% 4,223 7,967 -47% MMR Hyderabad Pune 2,930 2,930 63% 17% Combined 4,
Slide 14: Hospitality Performance: Monthly Apr – Oct 2020
Hospitality Performance: Monthly Apr – Oct 2020 ADR* Occupancy %* RevPAR* 8240 7931 8063 8223 8296 7734 7502 76% 74% 75% 75% 74% 74% 6263 5870 6083 5765 69% 6089 5761 5562 4660 4334 4040 33% 31% 3795 3494 3875 4004 22% 25% 26% 796 821 1163 1207 995 812 1042 17% 19% Apr May Jun July Aug Sep Oct April
Slide 15: Hospitality cost savings
Hospitality cost savings Efficiency in cost base maintained sequentially across Fixed & Variable Costs Power, Light & Fuel Payroll Cost (In Rs. Mn) 330 639 43% 58% 7% 17% Total Operating Expenses 366 137 200 166 71 66 2,642 65% H1FY20 H1FY21 Q1FY21 Q2FY21 H1FY20 H1FY21 Q1FY21 Q2FY21 924 458 466 Raw
Slide 16: Retail & Commercial Revenue
Retail & Commercial Revenue Steady rental from Commercial portfolio (In Rs. Mn) H1FY21 Q2FY21 Q1FY21 Lease Rent 368 192 176 SLM 74 37 37 Total Revenue 442 229 213 EBITDA 342 169 173 Margin % 77% 74% 81% Updates as of September 2020: • Sahar Office Tower • Inorbit Mall, Bengaluru • Fully Leased • 60
Slide 17: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q2FY21 Q1FY21 QoQ% Q2FY20 YoY% H1FY21 H1FY20 YoY% Total Income 641 589 9% 2,405 -73% 1,231 4,867 -75% Total Expenditure 611 586 4% 1,538 -60% 1,198 3,146 -62% EBITDA 30 3 901% 867 -97% 33 1,721 -98% Margin % 4.64% 0.50% 36.04% 2.66% 35.36%
Slide 18: Net Debt Position
Net Debt Position Net Debt Movement (In Rs. Mn) 27,023 17,575 16,570 22,103 14,472 Mar-20 Sep-20 14,592 15,839 12,671 Gross Debt 17,907 18,023 Liquidity 1,337 448 4,920 1,801 1,978 1,736 Net Debt 16,570 17,575 Mar-18 Mar-19 Mar-20 Sep-20 ECB Loans Rupee Loan Consolidated Mar-2018 Mar-2019 Mar-2020 S
Slide 19: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement (In Rs. Mn) Particulars Sept 30, 2020 March 31, 2020 Fixed Assets 22,330 22,825 Capital Work in-progress 1,095 875 Investment Property 7,177 7,138 Goodwill 226 226 Other Non-Current assets * 2,879 2,428 Cash and Cash Equivalents 448 1,337 Current Assets 5,065 5,2
Slide 20: About Chalet..
About Chalet.. 19
Slide 21: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Located in INR 10,090 Mn INR 3,645 1 Mn High Density / 36.1% Business Districts About the Company Mumbai, Bengaluru, EBITDA and EBITDA Total Income – FY2020 Hyderabad, Pune Margin – FY2020 2,554 Operational INR 8,755 Mn INR 3,375 2 Mn Keys as of June J
Slide 22: Our Hotel Portfolio
Our Hotel Portfolio Novotel Pune Nagar Road Hotel JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (427 (223 Keys) (588 Keys) (391 Keys) Keys) Strategically Chosen Brands at Key Locations Leading to Market Leadership Four Points by Sheraton Navi Lakeside Ch
Slide 23: Portfolio of High-End, Globally Recognized, Branded Hotels
Portfolio of High-End, Globally Recognized, Branded Hotels 588 600 173 Top tier 5 star 2,179 152 * Deluxe Luxury Keys Mumbai Luxury – Upper Upscale Pune 375 4–5 Keys 223 star Hyderabad Upscale & Midscale Bengaluru 3-4 Upper-Midscale star 2-3 391 427 Midscale-Economy star * Under Franchise Agreement,
Slide 24: Key Awards
Key Awards Chalet has been ranked 16th in ‘India’s Great Mid-size Workplaces’ by Chalet has been recognized Great Place to Work © amongst ‘India’s 100 Best Institute India Workplaces for Women – 2020’ by Great Place to Work © Institute India J W Marriott Mumbai, Sahar winner of Travellers’ Choice 20
Slide 25: Hotel-led Complementary Mixed-Use Developments
Hotel-led Complementary Mixed-Use Developments Strategy of co-locating projects augur well for Business Demand coupled with optimal utilization of available land Office and Retail (0.9 Mn sqft) Inorbit Mall Office Tower Whitefield, Bengaluru Whitefield, Bengaluru 260K sq ft of Retail area 109K sq ft
Slide 26: Go Green
Go Green Energy Initiatives Minimizing Plastic Usage ✓ Increase contribution of electricity sourced from ✓ Minimize single use plastic renewable energy sources ✓ Responsible plastic sourcing and plastic ✓ All properties to be LEED certified shredding machines installed in all units ✓ Lower energy co
Slide 27: Social and Governance
Social and Governance Social Governance • Employ differently abled people • Board Structure and Board Diversity • Improve gender diversity • Improvements beyond the regulatory framework • CSR spends directed towards • Transparent communication • Skill training / Digital Education for the underprivil
Slide 28: Disclaimer
Disclaimer This release has been prepared by Chalet Hotels Ltd (CHL) and the information on which it has been based has been derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given are fair and reas
Slide 29: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 28