Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q1 FY2020 Earnings Presentation
24 slides from Chalet Hotels's earnings presentation, Aug 13, 2019
Slide 1: Chalet Hotels – Exchange Filing Cover Letter
CHALET HOTELS August 13, 2019 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex 1% Floor, New Trading Ring, Bandra (East) Dalal Street, Fort Mumbai 400 051 , Mumbai — 400 001 Scrip Code: CHALET Scrip Code: 542399 ISIN No: INE42
Slide 2: Presentation August 2019
Presentation August 2019 1
Slide 3: What Defines Us
What Defines Us Pedigree K Raheja Corp Limited Leading real estate developer in India for over 6 Decades Proficiency Right Assets Right Location Right Partnership Right Team Performance Robust Operating Performance 2
Slide 4: Business Performance
Business Performance 3
Slide 5: Highlights for the quarter
Highlights for the quarter Rs. 6,070 Rs. 205 Mn Rs. 0.68 RevPAR PBT EPS* Rs. 5,937 Rs. (297) Mn Rs. (1.33) * Not annualised 4
Slide 6: Consolidated Q1FY20 Performance
Consolidated Q1FY19 Performance (In Rs. Mn) Total Income EBITDA * Margin % PBT 871 205 2,462 2,456 35.5% 854 34.7% (297) Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 * Treasury income lower by Rs 47 mn 5
Slide 7: Quarter that was…
Quarter that was… Industry Industry • Impact of Elections • Positive demand supply arbitrage • Slowdown in Consumer spends • Shutting down of a major airline Chalet Hotels Limited Chalet Hotels Limited • ADR driven RevPAR growth • Lower Banquet and MICE revenue • Occupancy flat at 75% • Effective co
Slide 8: Hospitality City-wise performance
Hospitality City-wise performance Q1FY20 Revenue Rs 2,198 Mn Q1FY20 Q1FY19 YoY % FY19 Hyderabad ADR (Rs.) 19% MMR 7,860 7,629 3% 8,086 Bengaluru 8,835 8,705 1% 8,756 Bengaluru Hyderabad 8,116 7,946 2% 8,205 18% MMR 63% Combined 8,078 7,875 3% 8,218 Occupancy % MMR 74% 75% -100 Bps 76% Bengaluru 78%
Slide 9: Hospitality Segment Performance
Hospitality Segment Performance (In Rs. Mn) Revenue Margin % Revenue Break-up Q1FY20 Segment Profit* Others 9% 869 40.0% 2,198 854 2,170 38.8% F&B 32% Room 59% Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 * Segment Profit before Interest Depreciation and Tax 8
Slide 10: Retail & Office Space
Retail & Office Space (In Rs. Mn) Revenue Segment Profit* Margin %* 152 74 Updates: 48.8% • SLM impact Rs 68 mn (PY: Rs. 3 mn) 65 5 7.7% • Sahar Commercial Centre • Fit-outs in process Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 • The Orb - Sahar Retail • 14 Outlets opened The Orb at Sahar • Inorbit M
Slide 11: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement Rs. Mns Particulars Q1FY20 Q1FY19 YoY% FY19 Total Income 2,462 2,456 0% 10,348 Total Expenditure 1,608 1,585 1% 6,679^ EBITDA 854 871 -2% 3,668 Margin % 34.7% 35.5% 35.5% Depreciation and Amortisation 282 292 -4% 1,154 Finance costs 357 863 -59% 2,657 Exceptional
Slide 12: Debt Position as of June 2019
Debt Position as of June 2019 (In Rs. Mn) Debt Movement 27093 14,942 14,545 22,173 13,141 12,781 4,920 1,801 1,764 Mar-18 Mar-19 Jun-19 Mar-18 Mar-19 Jun-19 ECB Loans Rupee Loan Consolidated March 31, 2018 March 31, 2019 June 30, 2019 Total Debt / Equity 5.5 1.0 1.0 Total Debt / EBITDA 9.0 4.1 - Exc
Slide 13: About Chalet..
About Chalet.. 12
Slide 14: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Located in INR 10,348 Mn INR 3,668 Mn High Density / 35.5% About the Company Business Districts Hospitality the leading Mumbai, Bengaluru, Total Income – FY2019 EBITDA and EBITDA Hyderabad Margin – FY2019 business driver Others Commercial 8% and Retail
Slide 15: Our Hotel Portfolio
Our Hotel Portfolio JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (427 Keys) (588 Keys) (391 Keys) Strategically Chosen Brands at Key Locations Leading to Market Leadership Four Points by Sheraton Navi Renaissance Mumbai Convention Centre Hotel (600 Keys
Slide 16: Portfolio of High-End, Globally Recognized, Branded Hotels
Portfolio of High-End, Globally Recognized, Branded Hotels 588 Top tier 600 173 5 star 2,179 Deluxe Luxury Keys 152 * Luxury – Upper Upscale Mumbai Hyderabad 152 4–5 Bengaluru Keys star Upscale 3-4 Upper-Midscale star 2-3 391 427 Midscale-Economy star * Under Franchise Agreement, Leasehold Land 16
Slide 17: Key Awards
Key Awards Loved By Guest Award Winner 2019 - Expedia – Four Points by Sheraton, Vashi Most Luxurious Spa Treatment – J W Marriott Mumbai Sahar Best Business Hotel in Maharashtra Business Leaders Award 2019 – Four Points by Sheraton, Vashi Hotel Manager of the Year – J W Marriott Mumbai Sahar Highes
Slide 18: 65% of Current Inventory in the Financial Capital of India
65% of Current Inventory in the Financial Capital of India Located in Central Business District and New Business Centers of Mumbai Metropolitan Region Favorable Demand/Supply Current Inventory Proposed Pipe-line Dynamics (1,513 Keys) Inventory (~410 keys) + 1 Infrastructure Opportunities augurs well
Slide 19: Strategically placed in Business Cities
Strategically placed in Business Cities Located in New Business Centers Bengaluru Hyderabad Current Inventory 391 427 Mindspace Whitefield ~170 Proposed Pipe-line Inventory 1 Ongoing Infrastructure Developments in the Micro Markets Bengaluru Hyderabad • Metro Line • Metro Line • Improved road infras
Slide 20: Business Model Built Upon Principles of Active Asset Management
Business Model Built Upon Principles of Active Asset Management ✓ Market Leading Operating Parameters Actively engage with hotel management team at each hotel to set operational and financial targets Employee Cost as a % of ✓ 14% Revenue (FY19) Drive performance through structured monthly review Sta
Slide 21: Hotel-led Complementary Mixed-Use Commercial and Retail Developments
Hotel-led Complementary Mixed-Use Commercial and Retail 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
Slide 22: Proposed Development Pipeline in Key Business Districts
Proposed Development Pipeline in Key Business Districts Hotel and Convention Center Hotel Commercial Location Renaissance Complex, Powai Airoli, Navi Mumbai Renaissance Complex, Powai Proposed Brand ‘W’3 Hyatt Regency 4 - Est. opening 20211 20211 20211 Keys / Total Build Up Area ~150 Keys & ~40k Sqf
Slide 23: 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 24: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Phone: 022 2656 4000 /4332 Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 24