Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Q2 FY2026 Earnings Presentation
48 slides from Samhi Hotels's earnings presentation, Oct 28, 2025
Slide 1: Investor Presentation for Quarter 2 FY26 filing letter
IMART HOTEL INVESTMENTS— 281 October 2025 SAMHI Hotels Ltd. BSE Limited National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers, Dalal Street, ~ Exchange Plaza, C-1, Block G, Bandra Mumbai - 400 001, Maharashtra, India Kurla Complex, Bandra (East), Mumbai
Slide 2: Investor Presentation Q2 FY2026
SAMHI RT HOTEL INVESTMENTS — HYATT REGENCY Investor Presentation Q2 FY2026
Slide 3: Important notes on the presentation format
www.samhi.co.in Important notes on the presentation format We are now uploading a detailed Excel file containing all supporting data for your convenience on our website https://samhi.co.in/investor- relations/ To avoid any ambiguity, we have streamlined our EBITDA representations by reporting only C
Slide 4: From the CEO's Desk
www.samhi.co.in From the CEO’s Desk We are pleased to announce results for the period ending 30t" September 2025 along with news of the landmark development in Navi Mumbai. During the quarter total revenue growth was ~11.0% with a consol. EBITDA growth of 14.2% over same period last year. With conti
Slide 5: Q2FY26 Highlights
Q2FY26 Highlights — SMART HOTEL INVESTMENTS — RevPAR! Total Income * Growth in Key performance indicators in line with our long-term forecast (9%-11% CAGR) %5,026 ¥29963mn * Navi Mumbai resolution clears way for SAMHI’s +11.2% YoY +11.0% YoY largest hotel (~700 rooms) in India’s financial capital *
Slide 6: H1-FY 2026
www.sambhi.co.in H1-FY 2026 Q2 FY26 H1FY26 % chg. YoY basis % chg. YoY basis ToEl e %2,963mn X5,836mn +11.0% +12.0% 12% revenue and 16% EBITDA %1.105mn 22.161mn growth during the first half of FY2026 Consol. EBITDA ’ ’ +14.2% +16.3% sets base for a strong H2. Completion of ballroom renovations in ke
Slide 7: Business Update
Business Update SAMHI accelerates growth with HI two landmark developments e ~700room dual-branded hotel — SMART HOTEL INVESTMENTS — in Mumbai Metropolitan Region e ~260room hotel in Hyderabad’s Financial District under a long- term variable lease
Slide 8: Stage set for SAMHI's largest hotel & entry into Mumbai
Stage set for SAMHI’s D Purttf Onweratry largest hotel & entry into 07, DY Partl Spotts Cempics Mumbai v 0y TSNS 30 Landmark dual-branded hotel to be developed near the Navi Mumbai International Airport and DY Patil Stadium with ~400 rooms in Phase |, with the potential to expand to ~700 rooms upon
Slide 9: Proposed hotel benefits from shift of Mumbai's economic hub
e M RN RS | el . JSrlamingol A 8 JJ| ¥ Chandivali i] ejWest . PnrOJsha /5 Wi 50 | i 3 1 »~ Godre) : ' \ Kopar Khairne I ¢ A\ — ! ngdf Proposed hotel benefits ] N ‘.Pdrle East ™~ ! 1 Ghatkopar. =! \ i ) A\ s | LY + west# oE \ | \" from shift of Mumbai’s st Vidya- Vihar \ ) Rarsik Hills o Turbhe i /’E
Slide 10: Key Demand Drivers
Parsik-Hills i Jorribu Vast =a\ /" Taloja Key Demand Drivers Bharg =3 A restlg‘ . up BIAL 4 g N\ cibco S i »a % | \ Exhibition Centre = \ § Easy access from all the surrounding key generators . Site Location Ny i w w‘w% W - J&y Mindspace Juinagar, Everest Nivara ] oy Infotech Park, MAS Industries (I
Slide 11: New lease for a hotel in Hyderabad to increase our market share
New lease for a hotel in Hyderabad to increase our market share in one of India’s prominent office market 4 "hfl;},%v 7 ’f'a&;e;,,;uaaw : S ® a1 Mid-scale hotel within an under-development mixed-use amazon /S 5 : o o R— building in the heart of Financial District, Hyderabad > Honeywell ;"5 accenture
Slide 12: We continue to increase our market share of new India
www.sambhi.co.in Ke.yCitiesand Upscale+ IR Mid-scale We continue to increase 1 1 Ngjugram Hyatt Place HIEX Noida HIEX our market share of Bangalore 11 . » Whitefield Tribux‘:s:nf io Fairfield HIEX N eW I n d I a C\ly Centre - Fairfield HIEX Outer Ring Road Courtyard Fairfield North Bengaluru Electro
Slide 13: Execution of our committed pipeline will transform scale and intrinsic value
Execution of our www.samhi.co.in committed pipeline will Further expansion through acquisitions utilizing investible transform both scale and %29,000mn - surplus 31,500mn intrinsic value Market Growth (tilLFY30) %19,000mn - In line with 21,000mn our long-term forecast Secured Growth 9-11% CAGR (Sep
Slide 14: Revenue share by segment
www.samhi.co.in Revenue share by segment = Upper Upscale & Upscale m Upper Mid-scale Mid-scale 12% 15% 60% On-going rebranding/ renovations to increase Upscale Upon Completion 2FY26 share of revenues Q of Committed Projects from ~42% to ~60% eHe Page 13
Slide 15: Strong balance sheet
www.sambhi.co.in Strong balance sheet Net Debt : EBITDA (TTM) as on Sep’25 Even with significant investments over past two years, balance sheet remains strong and supports growth Effective debt cost of ~8.5% with net annual interest payment of only ~X1,250mn Operating hotels maintain targeted debt .
Slide 16: Macro Dynamics
Macro Dynamics
Slide 17: Robust commercial activity across key markets
www.samhi.co.in Robust commercial activity across key markets Office market size' (mn sq. Net Absorption? Q2FY25 Q2FY26 H1FY26 W Current Upcoming Total of Total of Total of Totalof ~51 mnsgft ~12 mnsqgft ~16 mnsqft ~31 mn sqft Bangalore 219 37 13.1 4.1 3.5 7.0 4 Key Markets (Bangalore, Hyderabad, Pu
Slide 18: Travel disruptions affected key cities due to geopolitical tensions
Travel disruptions affected key cities due to geopolitical tensions Note: Full quarter (Q2FY26) data currently unavailable. To be updated post data is published by Airports Authority of India (AAl) . Page contains data till Q1FY26 QoQ airline passenger growth (in mn)’ Q1FY26 change over Q1FY25" 18.5
Slide 19: Performance Summary
www.samhi.co.in Performance Summary
Slide 20: Sustained Revenue and EBITDA Growth
www.samhi.co.in Sustained Revenue and EBITDA Growth FY2025° FY2026 Q1 Q2 Q3 Q4 Q1 Q2 RevPAR Trend Total Income 2,568 2,705 2,987 3,236 2,873 2,963 YoY growth 33.5% 21.2% 9.3% 11.6% 13.0% 11.0% +11% 3 YoY Consol. EBITDA 934 1,016 1,177 1,307 1,056 1,105 YoY growth 43.7% 37.6% 15.5% 21.4% 18.6% 14.2%
Slide 21: Segment performance
www.samhi.co.in = Stable: Y-0-Y change of +/-200bps; A Upward: Y-o-Yincrease of between 200~ 700bps; Se I I I e I lt I e rfo rl I I a I l C e A Strong Upwards: Y-o-Yincrease ofmore than 700bps; ‘¥ Downward: Y-o-Y decrease of between 200 - 700bps; and ¥ Strong Downwards: Y-o-Y decrease of more than 7
Slide 22: Q2FY26 - Total Income bridge
www.samhi.co.in Q2FY26 - Total Income bridge (amounts in ¥ mn, unless specified otherwise) +11.5% +11.0% +9.0% YoY YoY 106 (34) 34 2 232 2,626 Recorded healthy same store growth of 9.0% Q2FY25 Growthin Growth from Loss due to Q2FY26 Corporate Q2FY26 Wlth a total income Assetincome! Same Store?2 new
Slide 23: Q2FY26 - Consol. EBITDA bridge
www.samhi.co.in Q2FY26 - Consol. EBITDA bridge (amounts in ¥ mn, unless specified otherwise) +13.9% +14.5% YoY 18 o Yoy +14.2% YoY 143 (80) 1,036 Recorded strong flowthrough with same store EBITDA growth of SemeStoe2 newepenings® o operations discontinued 13.9% with a consol. Q2FY25 G h il G h i L d
Slide 24: Operational Efficiency
www.samhi.co.in Operational Efficiency Q2FY26 Bridge from Total Asset Income to Consol. EBITDA (512) (17.5%) (248) (8.5%) (593) 227) (20.3%) (181) 40.5% Asset EBITDA 37.3% (6.2%) (104) Consol. EBITDA (3.5%) (40) (66) Margin (1.4%) (80) Margin (2.3%) 1,105 Asset Payroll Fixed Variable Utilties Manage
Slide 25: Growth Projects
www.samhi.co.in Growth Projects
Slide 26: Internal growth projects to accelerate future growth
www.samhi.co.in Internal growth projects to accelerate 4,8621 current operational rooms Rebranding of 473 rooms and addition of 1,500 future growth rooms through combination of expansion and new opening to aid revenue expansion # Hotel Segment Growth Project Status FY26 FY27 FY28 FY29 FY30+ 1 Holida
Slide 27: Hyatt Regency Pune Expansion
{ HYATT REGENCY Nagar Road, Pune (22 apartm: Expansion > . = Arflst impiession, actual may vary
Slide 28: Expansion
Gachi N Expansion
Slide 29: W HITEC City, Hyderabad
w HITEC City, Hyderabad (170 rooms) An iconic brand in one of India’s largest commercial districts under development O ‘f« 7 Current Status: =~ - Design developmentis at final stage * Existing building modifications undergoing * Mock-up rooms to commence in Q4FY26 Page 28
Slide 30: Westin & Tribute Portfolio Whitefield, Bangalore
a ‘Westin & Tribute Portfolio 75 A itefi _ld, Bangalore (142 rooms renov‘tion & 220 new rooms) ‘W &nde ‘Renovation & Development fist impression, acl‘ua!lnay vary
Slide 31: Summary Financials
www.samhi.co.in Summary Financials
Slide 32: Financial Summary (Consolidated P&L)
www.samhi.co.in Financial Totalincome 2,963 2,669 +11.0% 5,836 5,211 +12.0% 11,386 Consolidated EBITDA 1,105 967 +14.2% 2,161 1,858 +16.3% 4,251 S u m m a ry EBITDA Margin 37.3% 36.2% 37.0% 35.7% 37.3% (Consolidated P&L) Depreciation & Amortization (296) (285) (587) (582) (1,157) Finance cost (427)
Slide 33: Financial Summary (Consolidated Balance Sheet)
www.samhi.co.in Financial Fixed Assets Sep’25 27,481 Mar’25 26,702 Reversal ofimpairment ofROU of Navi Mumbai Notes Summary CWIP 783 954 Goodwill 5,218 5,218 Other Non-current Assets 1,105 886 (Consolidated Cash & Cash Equivalents 2,460 1,602 Balance Sheet) Inventories 36 42 Trade Receivables 708 67
Slide 34: Financial Flexibility
Financial Mar 31, 2024 Jun 30, 2024 Sep 30, 2024 Dec 31, 2024 Mar 31, 2025 Jun30, | 2025 | Sep30, 2025 Flexibility : | Net Debt (X mn) 18,242 18,626 18,788 20,643 19,669 14,345 | 13,700) | ! || TTM EBITDA" (X mn) 3,681 3,810 4,045 4,204 4,434 4574 | 4,7025| | | | 9.8% 9.7% | Net Debt : - 9.5% 9.4% |
Slide 35: About Us
tea www.samhi.co.in About Us
Slide 36: Acquisition led strategy has delivered scale
www.samhi.co.in Acquisition led strategy has 115430 delivered scale * Short capexto revenue cycle due to 9:%7 acquisition led approach Consol Revenue » Discountto replacement cost for long term ) r ns 35% cacrMyrs) retu 7,615 n g t e rm ariable leases to use capital more * Lo v e ntly effici H Conso
Slide 37: Our portfolio spans across price points
www.samhi.co.in Our portfolio spans across price points capturing a wide segment of travelers Mid-scale Upper Mid-scale Upper Upscale & Upscale Unique portfolio of assets with a 14 sq. Bridge to high-end hotels. Maintain Individually curated hotels capturing mt. room but competing with much efficien
Slide 38: Upper Upscale & Upscale
www.samhi.co.in Upper Upscale & Upscale Operating 5 Hotels +6 under development % i 1 ,086 Rooms (+1,277* under development/ rebranding) WESTIN HOTELS & RESORTS 1,227 mMn Revenue ) ] c TRIBUTE (] PORTFOLIO S 0 E Bengaluru ko] [« c S 20 > 4] (a) COURTYARD TRIBUTE \""} Aarriott PORTFOLIO —— HOTELS Pun
Slide 39: Upper Mid-scale
www.sambhi.co.in Upper Mid-scale 1 4 Hotels +1 under development 2,047 Rooms (+436* under development and inc. 473 under rebranding) >4 N 1,253 mn Revenue vz ks ] Fairlicld Fair{i Page 38 Note: Includes ~350 rooms ofFairfield, Navi Mumbai. Please note that the brand is subject to execution of defini
Slide 40: Mid-scale
www.sambhi.co.in Mid-scale 1 2 Hotels +1 under development 1,729 Rooms (+260 under development) 449mMn Revenue qrvze Page 39
Slide 41: Dominant share with leading operators
Dominant share with R RENAISSANCE] COURTYARD Marrioft T leading operators FAIRFIELD Aarrott. Bengaluru Outer Ring Road Marriott . ] W | WESTIN | mesure Our hotels operate under some of the most :r;:; 1\ HOTELS | nommisafesoms . 66% e well recognized global hotel brands [+ ] 3 HYATT ghit This gives u
Slide 42: Team that built the business
www.samhi.co.in Team that built the business 12+ yrs 14+ yrs 14+ yrs 8+yrs In SAMHI In SAMHI In SAMHI In SAMHI SanjayJain Ashish Jakhanwala Rajat Mehra Senior Director, Corporate Affairs, GyanaDas Tanya Chakravarty Chairman, MD & CEO cFO Compary Secretary and EVP & Head of Investments General Counse
Slide 43: Strong governance with highly experienced board members
www.sambhi.co.in Strong governance with highly experienced board members 24 Ashish Manav Thadani Ajish Abraham Michael David Aditya Jain Archana Capoor LGELELY S LEWED] Jakhanwala Non-Executive & Jacob Holland Independent Independent Independent Chairman, Non- Independent Non-Executive & Independent
Slide 44: Historical Consolidated P&L Summary
www.sambhi.co.in Historical Consolidated P&L Summary Total Income (Xmn) Consolidated EBITDA (3mn) PAT (Xmn) 11,497 9,787 7,614 6,276 5,836 _______ 4,258 3,331 2,879 2,606 2,161 1,793 L B B 218 -597 (2,346) (2,999) (3,386) (4,433) 4,777 FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 FY20 Fy21 FY22 FY23 FY24 FY
Slide 45: Historical Consolidated Quarterly P&L Summary
www.sambhi.co.in Historical Consolidated Quarterly P&L Summary Total Income (¥mn) Consolidated EBITDA (¥mn) PAT (Xmn) 3,236 2,987 2,899 2,873 2983 2,733 2,705 2,568 2,232 1,924 1,263 o 1,132 1,06 1105 008 %2 gg 998 473 540 59 228 192 n 126 (744) (839) (ggo) Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 QI
Slide 46: Glossary of hotels
www.samhi.co.in Operating n/ Hotel Brand Location Operator Segment Rooms _ Renovation G l-O S S a r 1 Hyatt Regency™ Pune Nagar Road Hyatt Upper Upscale 301 22 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 - 3 Sheraton Hyderabad Gachibowli Marriott Upscale 284 22 4 Courtyard by Marri
Slide 47: Disclaimer
www.sambhi.co.in Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by SAMHI Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 48: Thank You
SAMHI Company SAMHI Hotels Ltd. Thank CIN: L55101DL2010PLC211816 Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in S You SGA Strategic Growth Advisors Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Rahul Agarwal/ Ms. P