Indian Hotels Co. Ltd. · NSE:INDHOTEL
Indian Hotels — The Indian Hotels Company — Q1 FY26 Earnings Presentation
32 slides from Indian Hotels's earnings presentation, Jul 17, 2025
Slide 1: Leading with Legacy, Navigating with Strength
“Leading with Legacy, Navigating with Strength” GLOBAL CONFERENCE CALL Q1FY26 17th July, 2025 1
Slide 2: An Icon of Global Hospitality
AN ICON OF GLOBAL HOSPITAERS WORLD'S g& | INDIA'S ' STRONGEST STRONGEST |} gas TA BRAND 2025 ii HOTEL BRAND 2025 2024 + 2022 + 2021 2024 * 2023 + 2022 « 2020 | a
Slide 3: Story of IHCL: Challenges Met, Momentum Held
STORY OF IHCL CHALLENGES MET, MOMENTUM HELD • Please design to make it aesthetically better • Can consider using a good background image with a new design 1 2 3 4 Highlights Q1 Higher Wedding dates, Strong International Accelerated Not Like Ginger Kolkata Strong MICE demand performance for Like Grow
Slide 4: Result That Underscores Resilience: 13th Consecutive Quarter of Best Ever Performance
RESULT THAT UNDERSCORES RESILIENCE 13th CONSECUTIVE QUARTER OF BEST EVER PERFORMANCE Q1 Revenue EBITDA OP. EBITDA & Growth YoY REVENUE EBITDA OP. REVENUE PAT MARGIN MARGIN CONSOLIDATED# ₹ 2,102 Cr ₹ 637 Cr 30.3% ₹ 2,041 Cr 28.2% ₹ 296 Cr ↑ 32% ↑ 29% ↓ 0.7 pp ↑ 32% ↓ 0.8 pp ↑ 19% Sustained Margins fo
Slide 5: Hotel Segment: Power of Diversified Revenue Streams and Strong Brandscape
HOTEL SEGMENT POWER OF DIVERSIFIED REVENUE STREAMS AND STRONG BRANDSCAPE Traditional Traditional Management Fee New Brands & (Domestic Hotels) (International) growth Business Resilient Demand , 12% 11% 17% 27% (Revenue Growth YoY) (Revenue Growth YoY) Diversified Power of Asset-light Accelerated not
Slide 6: Resilience Amidst Temporary Disruptions in the Quarter
RESILIENCE AMIDST TEMPORARY DISRUPTIONS IN THE QUARTER HOTEL SEGMENT REVENUE HOTEL SEGMENT EBITDA Q1 FY26 Q1 FY26 IHCL ₹ 1,814 Cr • Impact of Cancellations ₹ 569 Cr • Impact of revenue Consol. due to operation 13% Sindoor and flight 13% curtailment disruptions in June : • 11 Cr increase in REPORTED
Slide 7: Diversification Across Revenue Segments, Key Markets Focus
DIVERSIFICATION ACROSS REVENUE SEGMENTS KEY MARKETS FOCUS Management Chambers Fee IHCL CONSOL. REVENUE SHARE 6% 2% New Business 14% 8% Key Leisure Destinations (2) Domestic Hotels 51% Air Catering 12% Traditional Domestic Others 14% IHCL Consol. Owned hotels Op. Revenue Op. Revenue ₹ 2,041 Cr ₹ 1,04
Slide 8: Limited Supply in Next 5 Years Across Key Business Cities
LIMITED SUPPLY IN NEXT 5 YEARS ACROSS KEY BUSINESS CITIES <5% NEW DELHI CAGR 2.3% KEY BUSINESS CITIES KOLKATA 0.2 Mn Operational FY25-FY30 4.6% Branded rooms CAGR assuming all announced supply 41% in Key Business cities comes by FY30 is <5%. Even one year delay will reduce supply CAGR to <4% AHMEDAB
Slide 9: RevPAR Growth Across Traditional Brands
REVPAR GROWTH ACROSS TRADITIONAL BRANDS IHCL CONSOL. DOMESTIC INTERNATIONAL TRADITIONAL TRADITIONAL TRADITIONAL ↑13% ↑11% ↑13% Growth Growth Growth YoY YoY YoY 371 13,000 9,800 8,850 329 11,500 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 RevPAR (₹/Night) RevPAR (₹/Night) RevPAR (USD /Night) Owned LFL
Slide 10: New Business Potential: Our Accelerated Growth Brands
NEW BUSINESS POTENTIAL OUR ACCELERATED GROWTH BRANDS ₹ 162 Cr 74 31 18 3 138 171 REVENUE OPERATIONAL PIPELINE OPERATIONAL OPERATIONAL PIPELINE PIPELINE HOTELS HOTELS PROPERTIES PROPERTIES BUNGALOWS BUNGALOWS 27% Growth YoY Consol. Ginger ₹ 2,300 Hotels ₹ 153 Cr ₹ 65 Cr ₹ 56 Cr RevPAR 9% Growth YoY R
Slide 11: Management Fee Growth: Power of Asset Light Growth
MANAGEMENT FEE GROWTH POWER OF ASSET LIGHT GROWTH MANAGEMENT FEE NET UNIT GROWTH RevPAR Growth Managed Hotel Rooms IHCL Enterprise (₹ / Night) Growth YoY ₹/ Crs 14,939 133 13,214 8,300 7,500 114 Q1FY25 Q1FY26 Mar-25 Jun-25 Q1FY25 Q1FY26 Management fee growth despite temporary headwinds denotes the s
Slide 12: TajSATS: Sustained Growth Amid Temporary Flight Disruptions
TAJSATS SUSTAINED GROWTH AMID TEMPORARY FLIGHT DISRUPTIONS ₹ 288 Cr Op. Revenue • Airport Levy routed through P&L (Both Growth of Income & Expense) resulting in Levy on Levy 22% YoY in Expense • Impacted margins by 200 - 300 bps ₹ 66 Cr Op. EBITDA • Normalised revenue growth would Growth of have bee
Slide 13: IHCL Portfolio: Continued Momentum with 390+ Hotels
IHCL PORTFOLIO CONTINUED MOMENTUM WITH 390+ HOTELS 134 105 44 52 33 21 3 249 143 Operational + Pipeline = 392 Portfolio as on 30th June 2025, Brandscape based on Post migration brands 13
Slide 14: Strong Balance Sheet with Healthy Cash Reserves
STRONG BALANCE SHEET WITH HEALTHY CASH RESERVES ₹ /Crs Free Cash Flow Q1 CY : ₹ 133 crores 14
Slide 15: We Remain Confident of Double-Digit Revenue Growth for the Year
WE REMAIN CONFIDENT OF DOUBLE-DIGIT REVENUE GROWTH FOR THE YEAR Hotel Segment Revenue (₹ Cr) >10% growth Continued Portfolio Growth & New Openings 6 Hotels in Q1 India’s World class Convention Navi Mumbai Airport opening 30+ Hotels in FY26 centres to drive MICE business (Q3 FY26) Q2 / H2 has several
Slide 16: Hotel Segment
HOTEL SEGMENT 9 _ ~ 9 a 16 TAJ — GArIDGES SELEQTIONS GATEWAY VIVANIA GINGER TREEOFLIFE ama min we INCL
Slide 17: Hotel Segment: Well Balanced Growth Across Revenue Streams
HOTEL SEGMENT WELL BALANCED GROWTH ACROSS REVENUE STREAMS CONSOL. YoY CHG STANDALONE YoY CHG Room Revenue ₹ 877 Cr ↑ 13% Room Revenue ₹ 443 Cr ↑ 7% Food & Beverage Food & Beverage ↑ 18% ₹ 604 Cr ↑ 13% ₹ 358 Cr Revenue Revenue Other operating Other operating ↑ 11% ₹ 140 Cr ↑ 11% ₹ 119 Cr Income Incom
Slide 18: Operational Efficiencies Sustained Margin for Hotel Segment
OPERATIONAL EFFICIENCIES SUSTAINED MARGIN FOR HOTEL SEGMENT Raw Material Costs Payroll Costs Power Costs as % of F & B Revenue as % of Operating Revenue as % of Operating Revenue 29.7% 30.3% 5.3% 21.4% 20.7% 4.8% 114 125 460 531 82 84 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 License Fees Othe
Slide 19: RevPAR Across Key Cities Primarily Led by ARR Growth
REVPAR ACROSS KEY CITIES PRIMARILY LED BY ARR GROWTH IHCL Consol. (Domestic) 50% 11% 4% Growth 11% 15% 24% YoY 12% 19% 17% 8% 7,300 11,900 8,800 7,600 4,000 7,000 14,700 8,100 10,700 2,950 IHCL Consol Mumbai Delhi Bengaluru Chennai Kolkata Hyderabad Rajasthan Goa Kerala IHCL Enterprise (Domestic) 10
Slide 20: Room Revenue Customer Segments & Channel Mix
ROOM REVENUE CUSTOMER SEGMENTS & CHANNEL MIX 200 bps increase from PY Groups Crew Website Leisure 2% 2% 6% 18% Long Stay 3% Hotel Reservation MICE Transient (HRO) Alternate 19% 58% Distribution System 46% (Online Travel Agents/ADS) 23% Corporate Global Distribution 10% System Central Reservation (Ca
Slide 21: Key Projects on Balance Sheet Creating Marquee Assets
KEY PROJECTS ON BALANCE SHEET CREATING MARQUEE ASSETS DEVELOPING NEW DESTINATIONS Taj Hotel Hessischer Ginger Ekta Nagar Vivanta Ekta Nagar Expansion at Opening in Hof, Frankfurt Taj Ganges Land Lease, Q2FY26 Land Lease, Q3FY26 Q4FY26 2025-26 Leased Property, Q4FY26 126 KEYS 151 KEYS 127 KEYS 100 KE
Slide 22: Tata Neu Enhancing Customer Loyalty
TATA NEU ENHANCING CUSTOMER LOYALTY POINTS EARNING TATA NEU APP REVENUE REVENUE ₹ 545 Crore ₹ 75 Crore 17% Growth vs. PY + 46% Growth vs. PY Loyalty Points earning Revenue contribution to Enterprise Total Members 20% 11 Mn. 100 bps Growth yoy As on 15th July-25 22
Slide 23: Annexures
INCL o = < a 23 TAJ = GARIDGES SELEQTIONS GATEWAY VIVANIA GINGER TREEOFLIFE alma
Slide 24: Paathya: Doing Business the Responsible Way
PAATHYA DOING BUSINESS THE RESPONSIBLE WAY Q1 FY 25/26 UPDATE Waste 100% operating hotels will have an 69 hotels have bottling plants to organic waste management system eliminate use of single-use plastic bottles Water 49.3% 100% water recycling water recycled Energy 38.3% 2030 Goals 50% energy use
Slide 25: Consolidated P&L Q1FY26
CONSOLIDATED P&L Q1FY26 ₹ /Crs Particulars Q1 FY25 Q1 FY26 Var. vs FY25 Revenue from Operations 1,550 2,041 32% Non-Operating Revenue 46 61 33% Total Revenue 1,596 2,102 32% Total Expenditure 1,101 1,465 33% EBITDA 496 637 29% EBITDA Margin 31.0% 30.3% -0.7 pp Operating EBITDA 450 576 28% Operating
Slide 26: Standalone P&L Q1 FY26
STANDALONE P&L Q1 FY26 ₹ /Crs Particulars Q1 FY25 Q1 FY26 Var. vs FY25 Revenue from Operations 931 1,045 12% Non-Operating Revenue 40 55 35% Total Revenue 972 1,099 13% Total Expenditure 604 682 13% EBITDA 368 417 14% EBITDA Margin 37.8% 38.0% 0.1 pp Operating EBITDA 327 363 11% Operating EBITDA Mar
Slide 27: Key Legal Entity
KEY LEGAL ENTITY ₹ /Crs ₹ /crores REVENUE EBITDA EBITDA MARGIN Legal Entities Q1FY25 Q1FY26 Q1FY25 Q1FY26 Q1FY25 Q1FY26 UOH Inc. - USA 204 236 10 19 4.8% 7.8% St. James Court - UK 155 163 47 48 30.2% 29.2% PIEM Hotels Ltd. 126 140 28 34 22.2% 24.7% Benares Hotels Ltd. 24 27 10 12 41.9% 44.1% Orienta
Slide 28: Operational Inventory as on 30th June 2025
OPERATIONAL INVENTORY AS ON 30th JUNE 2025 Owned OPERATIONAL JV / Associates Managed Contracts Total Operational (Standalone & Subsidiary) By Brand Hotels Keys Hotels Keys Hotels Keys Hotels Keys Taj 29 4,902 17 1,970 42 6,421 88 13,293 Claridges Collection 2 257 1 122 3 379 Gateway 3 285 4 154 3 30
Slide 29: Signed Pipeline as on 30th June 2025
SIGNED PIPELINE AS ON 30th JUNE 2025 PIPELINE Owned Managed Total Pipeline Hotels Keys Hotels Keys Hotels Keys Taj 5 800 41 7,080 46 7,880 Gateway 0 0 23 3,250 23 3,250 SeleQtions 1 40 15 1,480 16 1,520 Vivanta 1 130 23 3,400 24 3,530 Tree of Life 2 40 1 20 3 60 Ginger (Capital Heavy) 2 430 2 430 Gi
Slide 30: Hotels Opened in Q1FY26
HOTELS OPENED IN Q1FY26 Sl No Name Brand Ownership Inventory 1 Taj Alibaug Taj Management Contracts 156 2 The Claridges Claridges Collection Management Contracts 122 3 Bangaram Islands, Lakshadweep - IHCL SeleQtions SeleQtions Management Contracts 66 4 Coral Pearl, Lakshadweep -IHCL SeleQtions SeleQ
Slide 31: Disclaimer
DISCLAIMER These presentations may contain forward-looking statements within the meaning of applicable securities laws. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Forward-looking statements are not g
Slide 32: Leading with Legacy, Navigating with Strength
“Leading with Legacy, Navigating with Strength” GLOBAL CONFERENCE CALL Q1FY26 17th July, 2025 32
The Indian Hotels Company — Q1 FY26 Earnings Presentation on 6ix