Samhi Hotels Limited · NSE:SAMHI
Samhi Hotels — Investor Presentation (December 2024)
34 slides from Samhi Hotels's investor presentation, Dec 11, 2024
Slide 1: Exchange cover letter: Updated Investor Presentation
SIMART HOTEL INVESTMENTS — 11™ December 2024 SAMHI Hotels Ltd. BSE Limited National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai - 400 001, Bandra Kurla Complex, Bandra (East), Maharashtra, India Mumba
Slide 2: SAMHI Hotels Ltd Investor Presentation December 2024
SAMHI Hotels Ltd Investor Presentation December 2024 Renaissance Ahmedabad Lobby
Slide 3: Sam Zell quote on reputation
“Reputation is your most important asset. Everything you do, everything you say, is a part of the permanent record. Your name reflects your character” Sam Zell
Slide 4: One of India's most prominent and fast-growing hotel owners
Hotels 35 (incl. 3 under development) Total Rooms > 5,650 (incl. ~700 under development) One of India’s most prominent and fast- 11 growing hotel owner and asset manager; Global Hotel Brands (incl. 3 upcoming) Largest multi-branded owner in India by inventory Presence in Cities 13 3
Slide 5: What we do
What we do Sheraton Hyderabad Acquisition led strategy with track-record of transforming 1 under-performing hotels Focus on large office and aviation markets allows 2 predictable, strong & sustainable growth Quarter Ending Mar 31, 2014 Sep 30, 2024 Pre-Acquisition Current RevPAR ~₹1,400 ~₹8,100 Inte
Slide 6: World class partnerships created SAMHI
World class partnerships created SAMHI IPO in Sep’23 One of the few successful partnerships in the sector between a 10,905 professional management team and world class investors to create a large company 9,787 Founding & management 7,615 team Early investment in 2011 by Sam Zell led Equity Internati
Slide 7: Portfolio across segments & geography
Portfolio across segments & geography #Rooms / % Upscale & Upscale 1,682 Upper 30% Westin, Bangalore Hyatt Regency, Pune (Nagar Road) Sheraton, Hyderabad Renaissance, Ahmedabad Courtyard, Bangalore (ORR) Hyatt Place, Gurgaon (Udyog Vihar) Tribute, Bangalore (Wht.) (Wht.) W, Hyderabad (Hitec) Upper M
Slide 8: Partner with strong global brands
Partner with strong global brands Upcoming Brands Upper Upscale & Upscale WESTIN HOTELS & RESORTS 8 Hotels TRIBUTE W 1,682 Rooms PORTFOLIO HOTELS Upper Mid-Scale 15 Hotels 2,249 Rooms Strong distribution, Mid-Scale talent pool and a customer loyalty base of 12 Hotels 350+ million 1,727 Rooms 7
Slide 9: Our hotels serve across price points
Our hotels serve across price points Average Room Rate – H1FY25 Individually stylized hotels catering to high-end business travelers. Upper Upscale ₹4,250 – Provide extensive dining options and & Upscale 16,500 large social and meeting venues Prototypical design for efficiency and scalability; cater
Slide 10: Strong presence in the "New India"
Strong presence in the “New India” Markets like Bangalore and Hyderabad have over the years grown Delhi NCR into one of the largest office markets in India and globally. These markets have tremendous growth ahead and we have strong Jaipur presence to benefit from that. Operational + Office Space Air
Slide 11: Demand-supply favors key markets
Demand-supply favors key markets Market Growth Estimates (FY25-FY29E) # Branded Rooms Demand growth = FY14 - FY24 actuals (Mar ’24) Supply growth1 = estimates basis current pipeline Top 7 6.5% 84,432 Markets2 3.3% 7.8% Bangalore 16,261 4.6% 8.1% Hyderabad 7,379 3.1% Hotel demand growth is Delhi NCR
Slide 12: Strong growth momentum
Strong growth momentum +16% YoY QoQ RevPAR Trend We have delivered consistently strong revenue & EBITDA growth. Continued revenue growth, improved operating margins and reduction in our financing cost to lead to strong profit growth. Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 All values in ₹ mn unles
Slide 13: Backed by proprietary asset management tools
Backed by proprietary asset management tools Asset management is not about following the trend, but to find what is not trending and fixing it. SAMHI Intel is our inhouse and proprietary asset management tool. It provide valued insights to our business. We are certain that as we collect more data fr
Slide 14: Headed by a professional Board with strong corporate experience
Headed by a professional Board with strong corporate experience Independent Directors Ashish Manav Thadani Ajish Abraham Michael David Aditya Jain Archana Capoor Krishan Dhawan Jakhanwala Non-Executive & Jacob Holland Independent Independent Independent Chairman, Non- Non-Executive & Independent Dir
Slide 15: Team that built the business
Team that built the business 12+ yrs 13+ yrs 13+ yrs 7+ yrs In SAMHI In SAMHI In SAMHI In SAMHI Sanjay Jain Gyana Das Ashish Jakhanwala Rajat Mehra Senior Director, Corporate Tanya Chakravarty EVP & Head of Chairman, MD & CEO CFO Affairs, Company Secretary General Counsel and Compliance Officer Inve
Slide 16: Growth Drivers
SAMHI Hotels Ltd. Growth Drivers We are on track for strong growth through new assets we have secured in key markets, expansion of inventory and renovation/ rebranding of some of our existing hotels Holiday Inn Express Gurgaon Great Room
Slide 17: W Hitec City Hyderabad development
W Hitec City Hyderabad 170 key Development 16
Slide 18: Westin & Tribute Portfolio
Westin & TRIBUTE Portfolio Whitefield Bangalore 362 room development 17
Slide 19: Courtyard by Marriott
Courtyard by Marriott Nagar Road Pune 217 room rebranding 18
Slide 20: Growth Projects
Growth Projects Estimated # Hotel Rooms Growth Project Status Completion 1 Caspia Pro, Greater Noida 133 Conversion to Holiday Inn Express Opened (Dec’24) FY25 2 Holiday Inn Express, Kolkata 111 New Opening Under pre-opening FY25 3 Holiday Inn Express, Whitefield, Bangalore 56 Expansion of inventory
Slide 21: Portfolio Impact
Portfolio Impact ▪ Bangalore and Hyderabad to add ~55% growth to our Upscale portfolio – ~2x higher revenue per room than portfolio avg. ▪ Strengthen our share in key office markets of Bangalore and Hyderabad which continue to perform strong ▪ Increasing share of variable leased assets to boost retu
Slide 22: Summary Financials
SAMHI Hotels Ltd. Summary Financials EQ IQ at Hyatt Regency Pune Sheraton Hyderabad Reception Lobby
Slide 23: Financial snapshot
Financial snapshot H1 FY2025 FY2024 ACIC consolidated w.e.f. Aug ‘23 Total Income ₹5,274mn ₹9,787mn + 26.9% YoY + 28.5 YoY EBITDA ₹1,950mn ₹3,484mn Pre-ESOP & One-Time +40.4% YoY +32.4% YoY PBT ₹157mn Excl. Exceptional Items PAT ₹168mn 22
Slide 24: H1FY25 - Total Income and Consol. EBITDA bridge
H1FY25 - Total Income and Consol. EBITDA bridge Total Income (₹ mn) Consol. EBITDA (pre-ESOP) (₹ mn) +26.9% +29.8% +40.4% +25.4% YoY YoY YoY YoY +14.8% +10.3% YoY YoY 1 1 1. Based on Same-store i.e. excludes ACIC Portfolio acquired in Aug’23 and Caspia Pro, Greater Noida which is currently shut-down
Slide 25: Operational efficiency
Operational H1FY25 – Bridge from Total Asset Income to Consol. EBITDA (excl. ESOP) efficiency 17.1% 9.1% ACIC Portfolio and Same Store EBITDA Margins ACIC Samestore 20.1% 38.4% 37.7% Consol. Pre- Post-acquisition Asset EBITDA EBITDA acquisition 7.2% Margin Margin 42.2% 41.4% 39.9% 4.9% 1.1% 38.7% 38
Slide 26: Financial summary
Financial H1FY25 H1FY24 Change% FY24 Operating Rooms (#) 4,6641 4,801 4,6641 Occupancy (%) 75% 71% 73% summary Average Room Rate (₹) Asset Income Asset EBITDA 5,782 5,174 5,426 4,125 25.4% 5,804 9,630 (Consolidated P&L) 1,986 1,530 29.8% 3,777 EBITDA Margin 38.4% 37.1% 39.2% Net Corporate G&A (36) (
Slide 27: Financial summary (Consolidated Balance Sheet)
Financial Sep’24 Mar’24 summary Fixed Assets 24,575 24,977 CWIP1 877 325 (Consolidated Other Non-current Assets 5,365 5,213 Balance Sheet) Cash & Cash Equivalents 2,857 2,625 Inventories 38 40 Trade Receivables 777 605 Other Current Assets 697 666 Total Assets 35,186 34,451 Total Equity 10,646 10,38
Slide 28: Leverage snapshot
Leverage Mar 31, 2023 Jun 30, 2023 Sept 30, 2023 Dec 31, 2023 Mar 31, 2024 Jun 30, 2024 Sept 30, 2024 snapshot Net Debt (₹ mn) 28,339 29,383 17,974 18,427 18,242 18,626 18,788 TTM EBITDA* (₹ mn) 3,273 3,333 3,398 3,580 3,681 3,810 4,045 8.7x 8.8x 13.0% Net Debt : EBITDA 12.5% 5.3x 5.1x 4.9x 4.9x 4.6
Slide 29: Annexures
SAMHI Hotels Ltd. Annexures Holiday Inn Express Gurgaon Great Room
Slide 30: Historical Consolidated P&L Summary
Historical Consolidated P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 9,787 7,614 6,276 5,274 H1’24 3,484 3,331 2,632 1,950 1,793 1,720 H1’24 218 168 (597) H1’24 (2,346) (2,999) (3,386) (4,433) (4,777) FY20 FY21 FY22 FY23 FY24 H1FY25 FY20 FY21 FY22 FY23 FY24 H1FY25
Slide 31: Historical Consolidated Quarterly P&L Summary
Historical Consolidated Quarterly P&L Summary Total Income Consolidated EBITDA (pre-ESOP & one-time expenses) PAT 2,899 2,733 2,705 2,568 2,232 2,117 1,959 1,924 1,756 1,784 1,077 1,019 1,016 934 793 739 673 650 596 570 113 126 42 (737) (744) (837) (803) (835) (880) (1,009) Q1'23 Q2'23 Q3'23 Q4'23 Q
Slide 32: Glossary
Operating Addition/ # Hotel Brand City Location Operator Segment Rooms Renovation Glossary 1 Hyatt RegencyTM Pune Nagar Road Hyatt Upper Upscale 301 22 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 - 3 Sheraton Hyderabad Gachibowli Marriott Upscale 272 54 4 Courtyard by Marriott Bang
Slide 33: Disclaimer
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 for any securitie
Slide 34: Thank You
Thank You Company SAMHI Hotels Ltd. CIN: L55101DL2010PLC211816 Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in www.samhi.co.in Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Ms. Ami Parekh / Mr. Rahul Agarwal +91-8082466