Indian Hotels Co. Ltd. · NSE:INDHOTEL

Indian Hotels — The Indian Hotels Company — FY2022/23 Earnings Presentation

70 slides from Indian Hotels's earnings presentation, Apr 27, 2023

  1. Slide 1: Cover letter to stock exchanges: Analyst Presentation

    April 27, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza 1 st Floor, New Trading Ring, Bandra Kurla Complex Rotunda Building, P. J. Towers, Bandra (E) Dalal Street, Fort, Mumbai 400 051 Mumbai – 400 001. S c r i p C o d e: I N D H O T E L S

  2. Slide 2: FY 2022-23: A Year of Achieving New Milestones and Setting Benchmarks

    FY 2022-23: A Year of Achieving New Milestones and Setting Benchmarks GLOBAL CONFERENCE CALL Q4 & FY 2022/23 28th April 2023 1

  3. Slide 3: What the Year FY 2022/23 Meant for IHCL?

    WHAT THE YEAR FY 2022/23 MEANT FOR IHCL? PERFORMANCE GROWTH BRANDSCAPE ESG A Year of A Year of A Year of A Year of Record Financial Performance Industry-Leading Growth Unlocking Value of All Brands Leading the Way in ESG+ 2

  4. Slide 4: Record Financial Performance: Achieving Key Milestones

    RECORD FINANCIAL PERFORMANCE Achieving Key Milestones ₹ 10,000 Crore ₹ 1,000 Crore ₹ 1,000 Crore Enterprise Revenue Consol. PAT Free Cash Flows 1.5X 2.8X 3.5X Pre-COVID Level Pre-COVID Level Pre-COVID Level 3

  5. Slide 5: Record Performance in Every Single Quarter of FY 2022/23

    RECORD PERFORMANCE In Every Single Quarter of FY 2022/23 ₹ Crores Q1 (Apr.-Jun.) Q2 (Jul.-Sept.) Q3 (Oct.-Dec.) Q4 (Jan.-Mar.) 1,744 1,655 1,409 1,293 1,258 1,101 1,057 1,029 655 565 462 405 319 210 182 246 Q1 19/20 Q1 22/23 Q2 19/20 Q2 22/23 Q3 19/20 Q3 22/23 Q4 19/20 Q4 22/23 Best-Ever performance

  6. Slide 6: Best Ever Full Year Performance

    BEST EVER FULL YEAR PERFORMANCE PARTICULARS FY FY FY FY FY FY FY FY FY FY FY FY FY (₹ CR) 22-23 21-22 20-21 19-20 18-19 17-18 16-17 15-16 14-15 13-14 12-13 11-12 10-11 REVENUE 5,949 3,211 1,740 4,596 4,595 4,165 4,076 4,123 4,287 4,126 3,804 3,515 2,898 EBITDA 1,943 560 (197) 1100 913 732 665 652 58

  7. Slide 7: A Year of Industry-Leading Growth

    A YEAR OF INDUSTRY-LEADING GROWTH.. 6

  8. Slide 8: 100 Hotels

    100 HOTELS *includes hotels in pipeline 7

  9. Slide 9: Highest Ever Signings & Openings in Any Financial Year

    HIGHEST EVER SIGNINGS & OPENINGS In Any Financial Year OPENINGS SIGNINGS 4 8 Signed 4 8 average 3 hotels every month 3 9 in FY23 5 11 16 36 8

  10. Slide 10: Industry Leading Growth in India in 2022

    INDUSTRY LEADING GROWTH in India in 2022 (Source: HVS Anarock) NUMBER OF SIGNINGS – TOP BRANDS NUMBER OF OPENINGS – TOP BRANDS 9

  11. Slide 11: Expanding to New Geographies: International Expansion

    EXPANDING TO NEW GEOGRAPHIES International Expansion RIYADH DHAKA DHAKA 10

  12. Slide 12: Industry Leading Portfolio & Pipeline

    INDUSTRY LEADING PORTFOLIO & PIPELINE Asset Right PORTFOLIO 263 HOTEL PORTFOLIO 75 HOTELS IN PIPELINE 100 78 85 50:50 110+ BALANCED PORTFOLIO 11

  13. Slide 13: Significant Growth in Management Fees

    SIGNIFICANT GROWTH IN MANAGEMENT FEES OVER 2X GROWTH IN 6 YEARS ₹ Crores 399 213 204 213 177 16-17 17-18 18-19 19-20 22-23 12

  14. Slide 14: A Year of Unlocking Value Across Brands

    A YEAR OF UNLOCKING VALUE ACROSS BRANDS.. 13

  15. Slide 15: Taj Continues to Be Our Backbone

    TAJ CONTINUES TO BE Our Backbone IHCL OPERATIONAL PORTFOLIO (Operational Rooms ) 46% 54% Taj Non-Taj Portfolio 14

  16. Slide 16: SeleQtions and Vivanta Brands Scaling Up

    SELEQTIONS AND VIVANTA BRANDS Scaling Up NAMED UPSCALE COLLECTION HOTELS 2018 2018 Brand Launch Re-imagination 31 47 Hotels Portfolio Today Hotels Portfolio Today CONVERSIONS VIVACIOUS The Key Growth Driver Unique Positioning *Portfolio hotel count includes hotels in pipeline 15

  17. Slide 17: Ginger Hotels Turnaround: Best-Ever Performance

    GINGER HOTELS TURNAROUND: BEST-EVER PERFORMANCE PERFORMANCE BEST - EVER DRIVERS PERFORMANCE 50% ₹ 300 Cr+ Lean Luxe Portfolio Revenues (↑ 44%*) 80% ₹ 120 Cr# F&B Insourcing Completed EBITDA (↑ 120%*) 85 39%# Hotels Portfolio Today Margin (↑ 13 pp*) *Comparison v/s Pre-COVID Levels | #EBITDA and Marg

  18. Slide 18: The Re-imagined TajSATS: Firing on All Cylinders

    THE RE-IMAGINED TAJ SATS: FIRING ON ALL CYLINDERS PERFORMANCE BEST - EVER DRIVERS PERFORMANCE 58% ₹ 640 Cr+ FY 2022/23 Market Share Revenues (↑ 53%*) 69% ₹ 127 Cr ↑ Number of Meals EBITDA (↑ 155%*) 40% 20% ↑ Productivity (Meals / Employee) Margin (↑ 8 pp*) *Comparison v/s Pre-COVID Levels 17

  19. Slide 19: New Businesses Creating Brand Value

    NEW BUSINESSES CREATING BRAND VALUE Qmin amã ₹ 150 Crore 114 GMV Since Inception Properties across 50+ locations 34 Outlets (50%: Ginger) 42% portfolio growth in FY23 Presence Across 24 Cities 18

  20. Slide 20: A Year of Leading the Way in ESG

    A YEAR OF LEADING THE WAY IN ESG.. 19

  21. Slide 21: Taj Mahal Palace, Mumbai: 100% Green

    TAJ MAHAL PALACE, MUMBAI 100% GREEN 20

  22. Slide 22: Doing Business, the Responsible Way

    DOING BUSINESS, THE RESPONSIBLE WAY PAATHYA 2030 TARGETS Waste Waste Water Energy All hotels to provide Green Meetings 100% elimination of 100% operating hotels 100% water 50% energy use to EV charging stations 100% business meetings single-use plastic will have an organic recycling be from renewabl

  23. Slide 23: Corporate Governance & Risk Management Awards

    CORPORATE GOVERNANCE & RISK MGMT AWARDS Received in FY 22/23 GOLDEN PEACOCK AWARD CERTIFICATE OF RECOGNITION INDIA RISK MANAGEMENT AWARDS For Excellence in Corporate Governance For Excellence in Corporate Governance Business Model Adaptability -- -- For Risk Management Brand & Social Media Risk Mana

  24. Slide 24: Transformation Driven by Robust Strategy & Focused Execution

    TRANSFORMATION DRIVEN BY Robust Strategy & Focused Execution AHVAAN 2025 R.E.S.E.T 2020 Unleashing ASPIRATION 2022 True Potential Navigating Covid Genesis of a Turnaround 23

  25. Slide 25: Our Winning Strategy: Ahvaan 2025

    OUR WINNING STRATEGY AHVAAN 2025 24

  26. Slide 26: Future Outlook: Industry in a Super Cycle

    FUTURE OUTLOOK Industry in a Super Cycle HOTEL DEMAND GREW BY ROOMS SUPPLY GREW BY 11.1% 4.5% (vs. FY20) IN FY23, (vs. FY20) IN FY23, GROWTH IN ALL KEY MARKETS SUPPLY GROWTH TO REMAIN TEPID Demand Growth Continues to Outpace Supply Source: STR 25

  27. Slide 27: Strong Positive Outlook for Indian Hospitality

    STRONG +ve OUTLOOK FOR INDIAN HOSPITALITY (HVS Anarock) 60% ARR 6,100 3,600 2022 Positive Outlook Driven by Domestic Demand, International Pickup, G20 & International Events (ICC World Cup, Dior etc.) Source: India Hospitality Industry Overview 2022, HVS Anarock 26

  28. Slide 28: Announcing Capital Market Day

    ANNOUNCING CAPITAL MARKET DAY 11th MAY 2023 27

  29. Slide 29: Dividend for the Year 2022-23

    DIVIDEND FOR THE YEAR 2022-23 100%, i.e. ₹ 1 Per Share 28

  30. Slide 30: FY 2022-23: A Year of Achieving New Milestones and Setting Benchmarks

    FY 2022-23: A Year of Achieving New Milestones and Setting Benchmarks GLOBAL CONFERENCE CALL Q4 & FY 2022/23 28th April 2023 29

  31. Slide 31: Details: Financial Performance

    DETAILS: FINANCIAL PERFORMANCE 30

  32. Slide 32: IHCL Consolidated P&L Statement 12M 2022-23

    IHCL CONSOLIDATED P & L STATEMENT 12M 2022-23 2,853 PBT PAT +34% Revenue from Operations EBITDA 1,295 1,003 22% Margin 17% Margin Room 5,810 1,943 Revenue +30% 32.7% Margin Total Revenue + 8.7 pp Tax 5,949 +29% 323 2,135 Other +23% Others * F&B Expenses Revenue 31 399 649 Management +88% Fee Depreci

  33. Slide 33: Robust RevPAR Growth Citywide: Leading Margin Expansion

    ROBUST REVPAR GROWTH CITYWIDE: LEADING MARGIN EXPANSION 141% 138% 130% 131% 159% 145% 130% 136% 130% 145% 14,983 11,343 10,253 9,433 8,733 7,440 6,766 6,326 5,944 6,123 5,304 5,553 5,131 4,795 4,567 4,820 4,072 3,936 4,228 3,655 *Domestic Hotels Like for Like- All Hotels added after 1st April 2019 e

  34. Slide 34: Robust Growth Across Segments

    ROBUST GROWTH ACROSS SEGMENTS Occ % ARR in ₹ RevPAR in ₹ Domestic Hotels - LFL 2022-23 2019-20 % 2022-23 2019-20 % 2022-23 2019-20 % Business 77% 68% 113% 9,196 7,732 119% 7,088 5,264 135% Leisure 62% 56% 112% 15,348 10,469 147% 9,588 5,855 164% Palaces 49% 50% 98% 38,173 29,456 130% 18,657 14,694 1

  35. Slide 35: RevPAR Growth in Key International Markets

    REVPAR GROWTH IN KEY INTERNATIONAL MARKETS: HELPING INTERNATIONAL PORTFOLIO TURN PROFITABLE 144% 127% 97% 104% 414 388 398 326 280 269 192 133 Dubai Maldives USA UK International Hotels RevPAR in $ FY 2022/23 FY 2019/20 34

  36. Slide 36: Continued Focus on Chambers High Margin Business

    CONTINUED FOCUS ON CHAMBERS HIGH MARGIN BUSINESS 2,600 150+ ₹95+ crs > 80% Total Chambers New Members 52% Revenue growth Flow through Members Added in 2022/23 from 19/20 35

  37. Slide 37: Sharp Focus on Productivity: Margin Expansion

    SHARP FOCUS ON PRODUCTIVITY → MARGIN EXPANSION RAW MATERIAL COSTS AS % OF F&B REVENUE PAYROLL COSTS AS % OF REVENUE 22.2% 33% 21.4% 27% FY 2019/20 FY 2022/23 FY 2019/20 FY 2022/23 Costs as a percentage of consolidated revenues OTHER OPERATING COSTS AS % OF REVENUE CORP. OVERHEAD AS % OF REVENUE 30%

  38. Slide 38: Revenue Drivers Summary

    REVENUE DRIVERS SUMMARY ₹ 1,353 crs 12M Vs Pre Covid +29% NEW HOTELS / NEW BRANDS & BUSINESSES ₹ 330 crs ~75% growth from existing hotels 37

  39. Slide 39: New Businesses & Asset Management Contributing Towards Margin Expansion

    NEW BUSINESSES & ASSET MANAGEMENT ACTIVITIES CONTRIBUTING TOWARDS MARGIN EXPANSION 8.7 pp 12M Vs Pre Covid vs NEW HOTELS / NEW BRANDS & BUSINESSES 19/20 2.5 pp EBITDA (excl Non Operating Income) – 31% vs 22% in 2019-20 Non – Operating Income includes Gain on monetization of ₹ 37 crs in YTD March 202

  40. Slide 40: Focus on Free Cash Flow Generation – IHCL Consolidated

    FOCUS ON FREE CASH FLOW GENERATION – IHCL CONSOLIDATED Movement in free cash flow ₹ /crores Free Cash Flow ₹ 1,017 crores Free Cash Flow : Q1 ₹ 198 crs, : Q2 ₹ 181 crs : Q3 ₹ 387 crs : Q4 ₹ 251 crs 39

  41. Slide 41: Key Highlights – 12M 2022/23

    KEY HIGHLIGHTS – 12M 2022/23 ₹ /crores IHCL ENTERPRISE IHCL CONSOLIDATED IHCL STANDALONE 145% 203% 129% 177% 132% 167% 10,981 33.3% 23.7% 5,949 32.7% 23.9% 39.3% 31.1% 3,811 7,581 4,596 2,878 3,659 1,943 1,497 1,800 1,100 895 Revenue EBITDA Revenue EBITDA Revenue EBITDA FY 22/23 FY 19/20 FY 22/23 FY

  42. Slide 42: Key Highlights – 12M 2022/23 (PIEM, Roots, Benares)

    KEY HIGHLIGHTS – 12M 2022/23 ₹ /crores PIEM HOTELS LTD ROOTS CORPORATION LTD BENARES HOTELS LTD 44% 49% 29% 120% 127% 80% 307 95 504 389 213 64 38 21 115 50 130 59 Revenue EBITDA Revenue EBITDA Revenue EBITDA FY 22/23 FY 19/20 Growth % FY 22/23 FY 19/20 Growth% FY 22/23 FY 19/20 Growth% EBITDA Margi

  43. Slide 43: Key Highlights – 12M 2022/23 (UOH, St. James Court)

    KEY HIGHLIGHTS – 12M 2022/23 ₹ /crores UOH Inc. USA St. James Court, London -ve 19% 8% 658 681 418 +ve 352 96 89 12 -18 Revenue EBITDA Revenue EBITDA FY 22/23 FY 19/20 Growth% FY 22/23 FY 19/20 Growth% EBITDA Margin 2% (Pre-Covid : -ve) EBITDA Margin : 23% (Pre-Covid : 25%) Free Cash Flow positive a

  44. Slide 44: Key Highlights – 12M 2022/23 (TajSATS, Oriental Hotels)

    KEY HIGHLIGHTS – 12M 2022/23 ₹ /crores TAJ SATS AIR CATERING LTD ORIENTAL HOTELS LTD 53% 36% 167% 155% 641 405 299 123 420 127 46 50 Revenue EBITDA Revenue EBITDA FY 22/23 FY 19/20 Growth% FY 22/23 FY 19/20 Growth% EBITDA Margin 30% (Pre-Covid : 15%) EBITDA Margin 20% (Pre-Covid : 12%) PBT & PAT pos

  45. Slide 45: 2022/23 - Performance of Key Legal Entities

    2022/23 - PERFORMANCE OF KEY LEGAL ENTITIES ₹ /crores LEGAL ENTITY REVENUE EBITDA PBT PAT UOH Inc. - USA 658 12 (70) (71) St. James Court - UK 418 96 28 13 PIEM Hotels Ltd. 504 130 83 61 Roots Corporation Ltd 307 115 48 71 Benares Hotels Ltd. 95 38 31 23 Taj SATS Air Cat. Ltd. 641 127 107 80 Orienta

  46. Slide 46: Q4 & 12M 2022/23 Consolidated P&L

    Q4 & 12M 2022/23 CONSOLIDATED P&L Q4 12M PARTICULARS PY PY Var % PY PY Var % (₹ CR) ACTUAL ACTUAL 21/22 19/20 Vs 19/20 21/22 19/20 Vs 19/20 Revenue from Operations 1,625 872 1,063 53% 5,810 3,056 4,463 30% Non-Operating Revenue 29 83 38 -23% 139 155 132 5% Total Revenue 1,655 955 1,101 50% 5,949 3,2

  47. Slide 47: Consolidated – Exceptionals & Non-Operating Revenue

    CONSOLIDATED – EXCEPTIONALS & NON-OPERATING REVENUE Q4 12M PARTICULARS PY PY PY PY (₹ CR) ACTUAL ACTUAL 21/22 19/20 21/22 19/20 Gain/ (Loss) on Change in fair value of derivative contracts - - (20) - 6 (22) Exchange Gain / (Loss) - IHMS SA - 16 - (9) 2 Gain on Sale of Property - - 61 12 7 61 Profit

  48. Slide 48: IHCL Consolidated Balance Sheet as at March 31, 2023

    IHCL CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 2023 ₹ /crores March 31, 2023 March 31, 2022 Non Current Assets Fixed Assets 6,618 6,473 Right to use Assets 1,879 1,513 Goodwill 654 623 Investments 1,134 1,064 Other Non Current Assets 794 742 Current Assets 2,590 2,674 Total Assets 13,669 13,089 Equ

  49. Slide 49: 12M 2022/23 - Revenue Metrics (Domestic)

    12M 2022/23 - Revenue Metrics (Domestic) Standalone Enterprise (Domestic) Particulars 12M 2022/23 12M 2019/20 12M 2022/23 12M 2019/20 Occupancy % 71.7 66.7 66.1 63.0 ARR in ₹ 13,736 10,734 9,564 7,190 RevPAR in ₹ 9,851 7,159 6,322 4,528 (₹/ crores) Room Revenue 1,594 1,135 4,120 2,529 F & B Revenue

  50. Slide 50: Q4 2022/23 - Revenue Metrics (Domestic)

    Q4 2022/23 - Revenue Metrics (Domestic) Standalone Enterprise (Domestic) Particulars Q4 2022/23 Q4 2019/20 Q4 2022/23 Q4 2019/20 Occupancy % 74.7 61.9 67.8 57.6 ARR in ₹ 16,915 12,687 11,220 8,233 RevPAR in ₹ 12,634 7,853 7,605 4,745 (₹/ crores) Room Revenue 499 313 1,259 679 F & B Revenue 417 273 1

  51. Slide 51: Market Segment – Room Revenue: FY 22/23 vs FY 19/20

    MARKET SEGMENT – ROOM REVENUE (ALL HOTELS): FY 22/23 vs FY 19/20 3,500 FY 22/23 FY 19/20 3,000 2,500 2,000 1,500 1,000 500 - Transient Corporate MICE Long Stay Leisure Groups Crew % of Revenue 18% 3% 9% 2% 2% 56% 10% YTD Mar 2022/23 % of Revenue 4% 4% 3% 50% 15% 15% 9% YTD Mar 2019/20 Source : Synxi

  52. Slide 52: Market Segment – Room Revenue: Q4 22/23 vs 19/20

    MARKET SEGMENT – ROOM REVENUE (ALL HOTELS): Q4 22/23 vs 19/20 900 800 Q4 22/23 Q4 19/20 700 600 500 400 300 200 100 - Transient Corporate MICE Long Stay Leisure Groups Crew % of Revenue 23% 3% 10% 2% 2% 51% 9% Q4 2022/23 % of Revenue 4% 5% 2% 46% 12% 19% 12% Q4 2019/20 Source : Synxis & Hotel Intern

  53. Slide 53: Channels – Room Revenue: FY 22/23 vs FY 19/20

    CHANNELS – ROOM REVENUE (ALL HOTELS): FY 22/23 vs FY 19/20 FY 22/23 FY 19/20 HRO TRW GDS ADS Taj Website % of Revenue YTD Mar 2022/23 50% 7% 5% 24% 14% % of Revenue YTD Mar 2019/20 49% 14% 7% 22% 8% 52

  54. Slide 54: Channels – Room Revenue: Q4 22/23 vs Q4 19/20

    CHANNELS – ROOM REVENUE (ALL HOTELS): Q4 22/23 vs Q4 19/20 Q4 22/23 Q4 19/20 HRO TRW GDS ADS Taj Website % of Revenue Q4 2022/23 53% 7% 5% 23% 12% % of Revenue Q4 2019/20 49% 16% 6% 20% 8% 53

  55. Slide 55: RevPAR by Destination vs Pre-Covid – Domestic LFL

    REVPAR BY DESTINATION VS PRE - COVID – DOMESTIC LFL Occ % ARR in ₹ RevPAR in ₹ Domestic Hotels - LFL FY 2022/23 FY 2019/20 % FY 2022/23 FY 2019/20 % FY 2022/23 FY 2019/20 % Mumbai 84% 75% 111% 12,277 9,922 124% 10,253 7,440 138% Delhi & NCR 75% 73% 102% 7,969 6,250 128% 5,944 4,567 130% Bengaluru 71

  56. Slide 56: RevPAR by Destination vs Pre-Covid – International LFL

    REVPAR BY DESTINATION VS PRE – COVID INTERNATIONAL LFL Occ % ARR in $ RevPAR in $ International Hotels - LFL FY 2022/23 FY 2019/20 % FY 2022/23 FY 2019/20 % FY 2022/23 FY 2019/20 % USA 59% 75% 78% 661 530 125% 388 398 97% UK 71% 79% 89% 396 339 117% 280 269 104% Maldives 67% 60% 112% 616 544 113% 41

  57. Slide 57: RevPAR by Destination vs Pre-Covid – Domestic LFL Q4

    REVPAR BY DESTINATION VS PRE - COVID – DOMESTIC LFL- Q4 Occ % ARR in ₹ RevPAR in ₹ Domestic Hotels - LFL Q4 Q4 Q4 Q4 Q4 Q4 2019/20 % % % 2022/23 2022/23 2019/20 2022/23 2019/20 Mumbai 88% 69% 127% 14,959 11,544 130% 13,096 7,968 164% Delhi & NCR 76% 66% 116% 9,446 7,145 132% 7,200 4,695 153% Bengalu

  58. Slide 58: RevPAR by Destination vs Pre-Covid – International LFL Q4

    REVPAR BY DESTINATION VS PRE – COVID INTERNATIONAL LFL – Q4 Occ % ARR in $ RevPAR in $ International Hotels - LFL Q4 Q4 Q4 Q4 Q4 Q4 % % % 2022/23 2019/20 2022/23 2019/20 2022/23 2019/20 USA 50% 50% 99% 557 477 117% 277 241 115% UK 61% 54% 112% 335 289 116% 204 157 130% Maldives 79% 63% 124% 652 580

  59. Slide 59: Q4 & 12M 2022/23 Standalone P&L

    Q4 & 12M 2022/23 STANDALONE P&L Q4 12M PARTICULARS PY PY Var % PY PY Var % (₹ CR) ACTUAL ACTUAL 21/22 19/20 Vs 19/20 21/22 19/20 Vs 19/20 Revenue from Operations 1,131 594 718 57% 3,704 2,003 2,743 35% Non-Operating Revenue 34 81 36 -4% 107 149 134 -20% Total Revenue 1,165 675 754 55% 3,811 2,152 2,

  60. Slide 60: Standalone – Exceptionals & Non-Operating Revenue

    STANDALONE – EXCEPTIONALS & NON-OPERATING REVENUE Q4 12M PARTICULARS (₹ CR) ACTUAL PY 21/22 PY 19/20 ACTUAL PY 21/22 PY 19/20 Gain / (Loss) on Change in fair value of derivative contracts - - (20) - 6 (22) Profit on sale of Padma Vilas property - - 54 - - 54 Reversal/(Provision) for Cash loss fundin

  61. Slide 61: IHCL Standalone Balance Sheet as at March 31, 2023

    IHCL STANDALONE BALANCE SHEET AS AT MARCH 31, 2023 ₹ /crores MARCH 31, 2023 MARCH 31, 2022 Non Current Assets Fixed Assets 2,696 2,538 Right to use Assets 897 826 Investments 5,576 4,877 Other Non Current Assets 555 565 Current Assets 2,056 2,326 Total Assets 11,780 11,132 Equity Equity Share Capita

  62. Slide 62: Manpower / Room by Brand

    MANPOWER / ROOM BY BRAND Enterprise (excl. Managed Hotels & Taj SATS) Staff to Room ratio 3.39 3.24 2.93 2.49 2.17 2.02 1.95 1.49 1.48 1.24 0.48 0.44 Taj Palaces SeleQtions Vivanta Safari Ginger Apr-20 Mar-23 61

  63. Slide 63: IHCL Consolidated P&L Statement Q4 2022-23

    IHCL CONSOLIDATED P & L STATEMENT Q4 2022-23 791 PBT PAT +56% Revenue from Operations EBITDA 400 328 24% Margin 20% Margin Room 1,625 565 Revenue +53% 34.1% Margin Total Revenue + 11.8 pp Tax 1,655 +50% 98 590 Other +47% Others * F&B Expenses Revenue 26 122 165 Management +116% Fee Depreciation 123

  64. Slide 64: Robust RevPAR Growth Citywide Leading to Margin Expansion

    ROBUST REVPAR GROWTH CITYWIDE LEADING TO MARGIN EXPANSION 160% 164% 153% 177% 168% 167% 147% 149% 146% 158% 17,618 17,006 13,096 11,606 10,489 8,184 7,968 7,585 7,200 6,982 6,192 6,316 5,859 5,112 4,695 4,290 4,235 4,006 4,430 3,705 India Mumbai Delhi & NCR Bengaluru Goa Chennai Rajasthan Hyderabad

  65. Slide 65: Robust Growth Across Segments – Q4

    ROBUST GROWTH ACROSS SEGMENTS – Q4 Occ % ARR in ₹ RevPAR in ₹ Domestic Hotels - LFL Q4 Q4 Q4 Q4 Q4 Q4 % % % 2022/23 2019/20 2022/23 2019/20 2022/23 2019/20 Business 77% 62% 124% 11,087 8,632 128% 8,526 5,351 159% Leisure 66% 54% 122% 16,825 11,818 142% 11,086 6,361 174% Palaces 61% 56% 109% 45,325 3

  66. Slide 66: RevPAR Growth in Key International Markets

    REVPAR GROWTH IN KEY INTERNATIONAL MARKETS HELPING INTERNATIONAL PORTFOLIO TURN PROFITABLE 115% 130% 140% 170% 515 368 277 241 238 204 157 140 USA UK Maldives Dubai International Hotels RevPAR in $ Q4 2022/23 Q4 2019/20 65

  67. Slide 67: IHCL Hotel Brandscape - As of April 25, 2023

    IHCL HOTEL BRANDSCAPE - AS OF APRIL 25, 2023 Hotels Pipeline Hotels Total Hotels Brands (Rooms) (Rooms) (Rooms) 81 19 100 Taj (11,726) (3,385) (15,111) 27 20 47 Vivanta (3,800) (2,635) (6,435) 21 10 31 SeleQtions (1,346) (986) (2,332) 59 26 85 Ginger (4,814) (2,893) (7,707) 188 75 263 TOTAL (21,686)

  68. Slide 68: Pipeline - As of April 25, 2023

    PIPELINE - AS OF APRIL 25, 2023 Pipeline No. of Brands 2023-24 2024-25 2025-26 2026-27 Rooms Hotels Taj 522 925 1113 825 3385 19 IHCL 167 220 341 3 Management Contracts 522 758 1113 605 2998 16 SeleQtions 405 477 104 986 10 IHCL 0 0 Management Contracts 405 477 104 986 10 Vivanta 391 704 670 870 263

  69. Slide 69: Upcoming Hotels in FY 23-24

    UPCOMING HOTELS IN FY 23-24 Hotel Name Location Ownership Inventory Taj The Trees, Vikhroli Mumbai Management Contracts 151 Taj Resort, Guras Kutir, Gangtok Gangtok Management Contracts 69 Taj Hotel at Ambuja City Centre Patna Patna Management Contracts 124 Taj Sawai Madhopur Sawai Madhopur Manageme

  70. Slide 70: 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

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