Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q3 FY22 Earnings Presentation
27 slides from Chalet Hotels's earnings presentation, Jan 27, 2022
Slide 1: Exchange filing cover letter – Investor presentation Q3FY22
CH A LET HOTELS January 27, 2022 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East}, Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir/ M
Slide 2: Presentation Q3FY22
CHALET HOTELS Presentation Q3FY22
Slide 3: Resilience and Recovery
Resilience and Recovery ✓ Business resilience during 3rd wave better than 1st and 2nd wave Bounce back post previous waves indicate a strong ramp up after the current one ✓ Key global business markets adapting to Covid normalcy UK, Singapore easing travel restrictions ✓ Steady month on month increas
Slide 4: Operational Overview
Operational Overview 3
Slide 5: Q3FY22 consolidated
Q3FY22 consolidated Strong improvement in like-to-like performance continues (In Rs. Mn) Q3FY22 Revenue Revenue EBITDA 43% 1,657 474 419 82% 1,159 261 Hospitality Rental / 86% Annuity 13% Others 1% Q2FY22* Q3FY22* Q3FY22 Q2FY22* Q3FY22 Adjusted Reported Adjusted Reported *Adjusted for: 1. Q3FY22: Rs
Slide 6: Performance KPIs
Performance KPIs Steady ramp-up in-line with drop in COVID-19 cases (Oct – Dec) Quarterly performance Monthly performance 3554 3600 19% 100% 3035 2978 90% 3100 40% 2571 80% 2600 2278 70% 2161 2074 2135 2100 1830 64% 60% 1610 60% 1549 58% 58% 1600 56% 1473 1408 1475 57% 50% 1,318 54% 54% 1252 1,007 4
Slide 7: Hospitality Performance
Hospitality Performance Steady ramp-up in-line with drop in COVID-19 cases (Oct – Dec) 1420 55% 915 724 627 462 358 167% 367 312 138 20 19 -145 -107 -99 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22* Q2FY22* Q3FY22 Total Revenue EBITDA *Excludes : Rebate amounting to Rs. 4.62 mn and Rs. 34.85 mn from the Hotel
Slide 8: Hospitality City-wise Performance
Hospitality City-wise Performance Q3FY22 Q2FY22 QoQ% 9MFY22 9MFY21 YoY% ADR (Rs.) MMR 5,351 3,938 36% 4,342 3,862 12% Bengaluru 4,039 3,694 9% 4,065 4,997 -19% Hyderabad 5,592 4,285 31% 4,795 4,211 14% Pune 3,880 3,170 22% 3,353 2,849 18% 9MFY22 Revenue Rs. 2,837 Mn* Combined 5,078 3,882 31% 4,273 3
Slide 9: Hospitality efficiencies YTDFY22
Hospitality efficiencies YTDFY22 Reaching near stabilized cost scenario Staff to room ratio ~35%* reduction in ~47%* reduction in 0.79 Dec-21 (0.6 for on-roll staff) Fixed costs Variable costs (0.74 as on March-21) (1.18 as on Dec-19) Payroll Costs % of Revenue Utilities as a % of Revenue 42% 22% 17
Slide 10: Rental / Annuity Business
Rental / Annuity Business Steady rental from Commercial portfolio (In Rs. Mn) Q1FY22 Q2FY22* Q3FY22 FY21 Total Revenue 233 377 221 926 SLM 21 14 25 115 EBITDA 191 326 175 724 Margin % 82% 86% 79% 78% Asset repurposing: • Sahar Commercial: • Inorbit Mall Bengaluru • 0.35 mn sqft leased to Multi-natio
Slide 11: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q3FY22 Q2FY22 QoQ% Q3FY21 QoQ% 9MFY22 9MFY21 Var % FY21 Total Income 1,657 1,374 21% 891 86% 3,762 2,086 80% 3,075 Total Expenditure 1,238 925 34% 712 74% 2,927 1,856 58% 2,785 EBITDA from Continuing operations 419 448 -6% 179 134% 835 229
Slide 12: Leverage Position
Leverage Position (In Rs. Mn) Net Debt Movement Interest Rate Movement (Rupee Loans) 21,547 18,711 8.04% 49 2,836* Bps 20,317 17,184 7.55% *Rs. 2,649 Mn Project expenses 1,527 1,230 Mar-21 Dec-21 Mar-21 Dec-21 ECB Loans Rupee Loan Excluding Preference Share Capital
Slide 13: Project Update
Project Update 12
Slide 14: Ongoing Projects
Ongoing Projects Commercial Tower at Renaissance The Commercial Tower in Marriott Complex, Addition of 88 rooms at Novotel Nagar Complex, Powai is a premium office Whitefield, Bengaluru is a premium office Road Pune space of ~0.78 msf. space with leasable area of ~0.66 msf. Due to changes in project
Slide 15: Real-estate development in Koramangala, Bengaluru
Real-estate development in Koramangala, Bengaluru ❖ 9 residential towers of 10 floors each ❖ 2 residential towers of 11 floors each ❖ New Commercial block for strata sale ❖ ~Rs. 4,250 mn estimated cost to completion ❖ Project expected to be completed by FY26 A luxury residential offering by K Raheja
Slide 16: Re-strategizing
Re-strategizing Repurposing assets : Stabilize returns Inorbit Mall ✓ Repurposing to commercial office space Whitefield, Bengaluru ✓ Exit of tenants underway ✓ Conversion expected to be completed by 0.3 mn sq ft of Retail area Q3FY23 ✓ 7 retail F&B tenants to continue Retail cum Office block ✓ Leasi
Slide 17: About Chalet
About Chalet 16
Slide 18: Sustainable tomorrow
Sustainable tomorrow Energy Initiatives ✓ Increase contribution of electricity sourced from non fossil fuel-based sources - 51% of total USGB Gold Leed Certification consumption in FY21 – JW Marriot Mumbai Sahar ✓ All new properties to be LEED certified – Marriott Whitefield Bengaluru ✓ Reduce energ
Slide 19: Chalet Signs Climate Group Initiatives
Chalet Signs Climate Group Initiatives First hospitality company globally to sign up for all the three initiatives of The Climate Group ✓ 100% of the vehicle fleet ✓ Chalet Hotels commits to ✓ All properties in the used for guest transport, will double its revenue per unit Company’s portfolio to tra
Slide 20: Employee Wellbeing
Employee Wellbeing Initiatives focused in dealing with Covid-19 Chalet Hotels Ranked 6# in Mid size corporates by • 1to1 Help _ Reach Out : Focused on Employee Mental Great Place to Work © health Institute India 2021 • EKIN Care : Medical advisory services for employee • Mindspace App : Covid-19 sel
Slide 21: Chalet Cares
Chalet Cares Chalet War Room Term Insurance A dedicated team which is available 24*7 to help employees connect Incase of an unfortunate event, Chalets Corporate employee’s with leads in incase of emergencies. family receives One Yearly CTC as a lump sum amount, to ensure their financial security Med
Slide 22: Guest commitment – Initiatives rolled out by brand partners
Guest commitment – Initiatives rolled out by brand partners Marriott International Accor 21
Slide 23: More than just business…
More than just business… Distributing PPE kits and meals to front Health and Safety of the guest at the Lighting up hearts, as we look forward to line workers forefront better times! 22
Slide 24: 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 Four Points by Sheraton Navi Rebranding to Westin Lakeside Chalet, Mu
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 (0.9 Mn sqft) Office Block Whitefield, Bengaluru Office & Retail Tower Sahar, Mumbai 0.4 mn sq ft 0.5 mn sq ft in Prime Location 24
Slide 26: 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 27: 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