Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q3 FY2021 Earnings Presentation
23 slides from Chalet Hotels's earnings presentation, Feb 9, 2021
Slide 1: Chalet Hotels cover letter to stock exchanges
CH A LET HOTELS February 9, 2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza Corporate Relationship Department Sandra Kurla Complex, i81 Floor, New Trading Ring, Sandra (East), Dalal Street, Fort, Mumbai 400 051 . Mumbai 400 001. Scrip Code: CHALET Scrip Code: 542399 Dear Sir
Slide 2: Presentation Q3FY21
CHALET HOTELS Presentation Q3FY21
Slide 3: Trending on the right side
Trending on the right side ✓ Ongoing Vaccination drive in India and the Globe ~4.5 mn doses administered to health care and essential services in India ✓ Improved public sentiment and confidence in travel and hotel stays India averages cases at ~12,000 cases per day and increasing recovery rate ✓ In
Slide 4: Operational Overview
Operational Overview 3
Slide 5: Sequential improvement in quarterly performance YTDFY21
Sequential improvement in quarterly performance YTDFY21 Revenue Performance Q3FY21 Strong growth in Hospitality segment and (In Rs. Mn) steady contribution from rent yielding assets Q3FY21 Hospitality Retail & 2,147 68% Commercial 25% Others 43% 7% 1,298 74% 9% 9MFY21 916 15% 668 641 Retail & 625 58
Slide 6: Sequential improvement in quarterly performance YTDFY21
Sequential improvement in quarterly performance YTDFY21 EBITDA Performance 509 (In Rs. Mn) 139 Mn 27 Mn 127 Mn 202 173 169 168 169 38 Mn 20 30 3 -107 -145 -232 Hospitality Retail & Commercial Total EBITDA Q1 Q2 Q3 9M 5
Slide 7: Hospitality Performance: Monthly Apr 2020 - Jan 2021
Hospitality Performance: Monthly Apr 2020 - Jan 2021 Occupancy %* RevPAR* (Rs.) 1669 39% 37% 1484 33% 33% 1246 31% 1207 1163 26% 1038 25% 995 22% 796 821 812 19% 17% April May June July Aug Sep Oct Nov Dec Jan April May June July Aug Sep Oct Nov Dec Jan * ADR, Occupancy % and RevPAR has been calcula
Slide 8: Hospitality Performance: Monthly Apr 2020 – Jan 2021
Hospitality Performance: Monthly Apr 2020 – Jan 2021 (In Rs. Mn) Total Revenue F&B Revenue 279 223 118 202 90 94 137 146 122 124 100 97 53 91 32 33 23 27 15 19 April May June July Aug Sep Oct Nov Dec Jan April May June July Aug Sep Oct Nov Dec Jan * ADR, Occupancy % and RevPAR has been calculated on
Slide 9: F&B Contribution 9MFY21
F&B Contribution 9MFY21 Encouraging trends backed by easing of restrictions & creative revenue streams (In Rs. Mn) 312 358 627 1,298 18% 26% 32% 42% 13% 8% 10% 9% 69% 66% 59% 49% Q1 Q2 Q3 9M Rooms Others F&B 8
Slide 10: Hospitality Cost Analysis 9MFY21
Hospitality Cost Analysis 9MFY21 ~50% reduction in ~75% reduction in 0.73 Staff to room ratio Dec-20 Fixed costs Variable costs (1.18 as on Dec-19) Payroll Costs % of Revenue Utilities as a % Revenue 64% 46% 42% 28% 23% 18% 18% 14% Q1FY21 Q2FY21 Q3FY21 9MFY21 9
Slide 11: Hospitality City-wise Performance
Hospitality City-wise Performance Q3FY21 Revenue Rs. 625 Mn Bengaluru Q3FY21 Q3FY20 YoY % 9MFY21 9MFY20 YoY % 13% ADR (Rs.) MMR 4,110 8,942 -54% 3,862 8,149 -53% MMR Bengaluru 4,520 9,685 -53% 4,997 8,995 -44% 61% Hyderabad 4,196 9,747 -57% 4,211 8,547 -51% Hyderabad Pune 2,835 2,849 20% Combined 4,
Slide 12: Retail & Commercial Revenue
Retail & Commercial Revenue Steady rental from Commercial portfolio (In Rs. Mn) 9MFY21 Q3FY21 Q2FY21 Q1FY21 Total Revenue 668 226 229 213 SLM 93 19 37 37 EBITDA 509 168 169 173 Margin % 76% 74% 74% 81% Updates as of December 2020: • Sahar Office Tower • Inorbit Mall, Bengaluru • Fully Leased • 62 ou
Slide 13: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q3FY21 Q2FY21 QoQ% Q3FY20 YoY% 9MFY21 9MFY20 YoY% Total Income 916 641 43% 2,847 -68% 2,147 7,714 -72% Total Expenditure 747 611 22% 1,658 -55% 1,944 4,804 -60% EBITDA 169 30 470% 1,189 -86% 202 2,910 -93% Margin % 18.49% 4.64% 41.75% 9.42
Slide 14: Net Debt Position
Net Debt Position (In Rs. Mn) Average Cost of Rupee Loans: 8.3% (As on 31st December 2020) 52% of Loans: <8% (As on 1st January 2021) Consolidated March 31, 2018 March 31, 2019 March 31, 2020 Dec 31 , 2020 Gross Debt 27,093 14,942 17,907 18,744 Cash & Equivalent 70 470 1,337 634 Net Debt 27,023 14,4
Slide 15: Recommencement of Projects
Recommencement of Projects The Commercial Tower in Renaissance Complex, Powai is a premium office space of ~0.75 msf. Expected to be completed by Q4FY23 The Commercial Tower in Marriott Complex, Whitefield, Bengaluru is a premium office space with leasable area of ~0.45 msf. Expected to be completed
Slide 16: Updates
Updates 15
Slide 17: Employee Wellbeing
Employee Wellbeing Initiatives that helped during the Covid-19 Lockdown • 1to1 Help _ Reach Out : Focused on Employee Mental Chalet has been ranked 16th health in ‘India’s Great Mid-size Workplaces’ by • EKIN Care : Medical advisory services for employee Great Place to Work © Institute India • Minds
Slide 18: Awards & Certifications
Awards & Certifications J W Marriott Mumbai, Sahar winner of Travellers’ Choice 2020 by Tripadvisor USGB Gold Leed Certification – JW Marriot Mumbai Sahar – Marriott Whitefield Bengaluru – Office Tower Sahar, Mumbai – Office Tower Whitefield, Bengaluru Renaissance Mumbai Convention Centre Hotel was
Slide 19: Portfolio
Portfolio 18
Slide 20: 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 Leading to Market Leadership Four Points by Sheraton Navi Lakeside Ch
Slide 21: 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 and Retail (0.9 Mn sqft) Inorbit Mall Office Tower Whitefield, Bengaluru Whitefield, Bengaluru 260K sq ft of Retail area 109K sq ft
Slide 22: 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 23: 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