Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q3 FY25 Earnings Presentation
25 slides from Chalet Hotels's earnings presentation, Jan 29, 2025
Slide 1: Exchange filing cover letter for investor presentation
January 29, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir / Madam, Subject:
Slide 2: Investor Presentation Q3 FY25
INVESTOR PRESENTATION Q3 FY25
Slide 3: Safe Harbor
Safe Harbor This release has been prepared by Chalet Hotels Limited (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
Slide 4: Overview
Overview BEST EVER ROBUST REVENUE : 22% SUSTAINABLE & QUARTER OPERATIONAL METRICS EBITDA : 23% DIVERSIFIED GROWTH ✓ 6.5% expected GDP growth in FY261 ✓ Strong Pipeline & diversified portfolio Strong Resilient ✓ Demand to outpace supply* Business ✓ Resilient operational efficiency Macro Story ✓ Air t
Slide 5: Q3FY25 Operational Highlights
Q3FY25 OPERATIONAL HIGHLIGHTS
Slide 6: Financial Highlights – Q3FY25
Financial Highlights – Q3FY25 YoY Growth % CONSOLIDATED HOSPITALITY ₹ 4,645 Mn 22% ₹ 4,005 Mn 17% Revenue ₹ 2,114 Mn ₹ 1,847 Mn 16% 23% EBITDA 20 bps 46.1%* 45.5% 20 bps EBITDA Margin *excluding ‘The Dukes Retreat’ which is under renovation margins ₹ 1,184 Mn 33% were at 47% (up 30 bps) PBT 5
Slide 7: Hospitality – Q3FY25
Hospitality – Q3FY25 Revenue EBITDA In Rs. Mn. Margin % Room Q3FY24 2,054 1,134 3,434 Q3FY24 1,589 46.3% F&B Other Q3FY25 2,489 1,229 4,005 17% Q3FY25 1,847 46.1% 16% Total Revenue Mix Guest Profile Q3FY25 5% 6% Vs 63% YoY - Steady 12% 39% 39% diversification 56% 21% 61% 61% Q3FY24 Q3FY25 YoY MMR Hy
Slide 8: Hospitality Performance
Hospitality Performance Same store* Portfolio level Q3FY25 Q3FY24 YoY% 9MFY25 9MFY24 YoY% YoY% ADR (Rs.) MMR 12,972 11,510 13% 13% 11,337 10,746 6% Others 12,912 10,235 26% 24% 11,248 9,694 16% Combined 12,944 10,974 18% 17% 11,296 10,298 10% Occupancy (%) MMR 74% 78% -4 pp -4 pp 76% 75% 1 pp Others
Slide 9: Hospitality: Retained Efficiencies
Hospitality: Retained Efficiencies Total expenses % of Revenue 53.7% 53.9% Q3FY24 Q3FY25 Staff to room ratio* Utilities % of Revenue Payroll Costs % of Revenue 12.2% 12.5%** 0.97 4.8% 0.93 4.3% Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 *Includes full time and fixed term contract employees; Number of
Slide 10: Rental & Annuity: Performance Highlights
Rental & Annuity: Performance Highlights (Rs. Mn.) Q3FY25 9MFY25 FY24 Msf. Total Revenue 577 1,351 1,241 EBITDA 455 1,042 988 2.4 2.4 EBITDA% 79% 77% 80% 1.6 33% 1.2 Artists’ rendering Sep'24 Dec'24 Leasable Area Leased Area Artists’ rendering CIGNUS Powai® Tower I CIGNUS Whitefield® Complex 0.9 Mn
Slide 11: Real-estate Development in Bengaluru
Real-estate Development in Bengaluru No. of Avg Sale Price As of December 2024 (Msf) Units (Rs. psf) Residential (1+2+3) 0.86 321 1 Historical sales 0.28 83 ~7,700 2 New Sales (A+B+C) 0.41 188 ~19,700 A Sold in FY24 0.29 121 ~18,800 B Q1FY25 0.04 17 ~21,500 C Q2FY25 0.07 32 ~21,800 D Q3FY25 0.05 18
Slide 12: Profit & Loss Statement
Profit & Loss Statement Particulars (in Rs. Mn) Q3FY25 Q3FY24 YoY% 9MFY25 9MFY24 YoY% FY24 Total Income 4,645 3,799 22% 12,167 10,126 20% 14,370 Total Expenditure 2,531 2,077 22% 7,014 5,973 17% 8,327 EBITDA 2,114 1,722 23% 5,153 4,1541 24% 6,044 Margin % 45.51% 45.32% 42.35% 41.02% 42.06% Depreciat
Slide 13: Leverage Position
Leverage Position in Rs. Mn Dec- 24 Mar-24 Mar-23 Mar-19 Mar-18 Allocable to operating assets 8,099 11,486 11,768 13,572 23,323 Allocable to under-construction/to be ~7,700 ~13,600 ~12,600 ~900 ~3,700 operationalized assets Capital productivity Net Debt 15,799# 25,086 24,368 14,472 27,023 Optimal le
Slide 14: Project Updates
PROJECT UPDATES
Slide 15: Strong Pipeline
Strong Pipeline New Rooms/ Leasable area Location Completion update The Dukes Retreat Renovation & Expansion Phase 1 opened in August’24 65 New Khandala Existing rooms – 80 Phase 2 – Q1 FY26 Bengaluru Marriott Hotel Whitefield Expansion 125-130 rooms Bengaluru Q4 FY25 Existing rooms – 391 Taj at Del
Slide 16: About Chalet
ABOUT CHALET
Slide 17: Hospitality: Existing Portfolio
Hospitality: Existing Portfolio 3,052 Keys MUMBAI JW Marriott Mumbai Sahar The Westin Mumbai Powai Lake Lakeside Chalet, Mumbai - Four Points By Sheraton Navi 588 Keys 604 Keys Marriott Executive Apartments Mumbai, Vashi 173 Keys 152 Keys NATIONAL PUNE KHANDALA CAPITAL REGION Novotel Pune Nagar Road
Slide 18: Rental & Annuity: Existing Portfolio
Rental & Annuity: Existing Portfolio MUMBAI BENGALURU The Orb - Retail & Office Tower CIGNUS Powai® Tower I CIGNUS Whitefield Bengaluru® Complex 0.5 Mn Sq. ft. 0.9 Mn Sq. ft. 1 Mn Sq. ft. 17
Slide 19: Upcoming New Projects
Upcoming New Projects MUMBAI DELHI Taj at Delhi International Airport CIGNUS Powai® Tower II Hyatt Regency at Airoli 385-390 rooms 0.9 msf ~280 rooms All images are Artist’s renderings 18
Slide 20: Upcoming New Projects
Upcoming New Projects GOA White Sand Beaches 11 Acres of Beach ~170 Keys Luxury Resort of Varca, Goa Front Land All images are Artist’s renderings subject to change 19
Slide 21: Our Sustainability Story
Our Sustainability Story DJSI SCORE ENERGY MANAGEMENT WATER & WASTE MANAGEMENT E Mobility Corporate Sustainability Assessment Wet waste treated through 100% 57 61% organic waste composters Placed 8th in the world Renewable energy Operational assets have EV charging Recycling of wastewater among cate
Slide 22: Climate Change Actions Initiative
Climate Change Actions Initiative RE100 (Renewable Energy): EP100 (Energy Productivity): EV100 (Electric Vehicles): Move to 100% renewable Double energy productivity Move entire fleet to EVs for energy by 2030 (revenue per unit of electricity guest transportation by 2025 consumed) by 2028 The Compan
Slide 23: Profit & Loss Statement – 5 Year trend
Profit & Loss Statement – 5 Year trend Particulars (Consolidated) (in Rs. Mn) FY24 FY23 FY22 FY21 FY20 FY19 ADR 10,718 9,169 4,576 4,040 8,482 8,210 Occupancy 73% 72% 51% 30% 71% 77% RevPAR 7,776 6,605 2,355 1,214 6,022 6,283 Total Income 14,370 11,780 5,297 3,075 10,087 10,348 Total Expenditure 8,3
Slide 24: Balance Sheet – 5 Year trend
Balance Sheet – 5 Year trend Particulars (in Rs. Mn) FY24 FY23 FY22 FY21 FY20 FY19 Inventory Hotels 10 8 7 7 7 6 Rooms 3,052 2,634 2,554 2,554 2,554 2,311 Capital Employed 38,368 38,531 35,821 32,276 32,816 28,348 Investments# 6,596 5,985 3,489 1,433 3,277 656 Net Worth 18,509 15,415 13,410 14,329 1
Slide 25: Thank You
Chalet Hotels Limited Thank You Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 Investor Relations Contact: Ruchi Rudra |ruchi.rudra@chalethotels.com Abhyjeet Bhansali | abhyjeet.bhansali@chalethotels.com investorrelations@chalethotels.com