Kamat Hotels (india) Ltd · NSE:KAMATHOTEL
Kamat Hotels (india) — Q1 FY2025 Earnings Presentation
36 slides from Kamat Hotels (india)'s earnings presentation, Aug 12, 2024
Slide 1: Submission of Investors Presentation Q1 FY2024-25
August 12, 2024 To, To, Listing Department Listing Department Bombay Stock Exchange Limited National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra –Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai – 400 051 Code: 526668 Symbol: KAMATH
Slide 2: Investor Presentation Kamat Hotels (India) Limited, August 2024
Investor Presentation Kamat Hotels (India) Limited (KHIL) August 2024 1
Slide 3: Q1-FY25 Highlights
Q1-FY25 Highlights Lotus Resorts | *# __ Pa won IVa | Sek 3PORCHID | JadhavGADH
Slide 4: Business Highlights
Business Highlights Significant Interest Cost Savings – Full redemption of Non Convertible Debentures • The Company has fully redeemed the balance10,000 Outstanding NCDs of face value Rs. 57,983 each by payment of aggregate amount of Rs. 63.078 Crores (includes Principal, Interest Cost and Redemptio
Slide 5: Business Highlights
Business Highlights Update on Merger by Absorption Of Entities into KHIL • We are pleased to provide an update regarding the proposed Scheme of Arrangement dated 23rd May, 2023. The draft scheme and other relevant documents had been submitted to the BSE and NSE as required by the Listing Regulations
Slide 6: Business Highlights
Business Highlights . Capex Plan at Lotus Eco Beach Resort, Goa • Lotus Goa, a freehold property with 48 rooms • Through capex management is adding few more rooms in the property. • Thereafter the number of rooms would be 58 and a completely renovated property. • Tentatively opening is expected by 1
Slide 7: Upcoming Properties
Upcoming Properties Number of Commencement Region Brand Status Rooms Date Noida (Sector 62) Orchid 62 Dec 2024 Jan 2025 Orchid Toyam Orchid 21 Jan 2024 Commenced Dehradun Orchid 68 April 2025 Chandigarh Orchid 123 April 2024 Nov 2024 Bhavnagar Orchid 61 Jan 2024 6
Slide 8: Q1-FY25 Performance Highlights
Q1-FY25 Performance Highlights (ON CONSOLIDATED BASIS) Revenue (INR Mn) 845 Growth: 738 696 • Y-o-Y: (12.7)% • Occupancy rates were lower across properties due to General Election period resulting in Y-o-Y decline in revenues • Q-o-Q: 6.0% Q1FY25 Q4FY24 Q1FY24 Quarterly Highlights EBITDA* (INR Mn) G
Slide 9: Quarterly Consolidated Income Statement
QUARTERLY CONSOLIDATED INCOME STATEMENT Income Statement (INR Mn) Q1-FY25 Q4-FY24 Q-o-Q Q1-FY24 Y-o-Y Operational Income 738 845 (12.7)% 696 6.0% Total Expenses 605 614 (1.5)% 465 30.1% EBITDA 133 231 (42.4)% 231 (42.4)% EBITDA Margins (%) 18.02% 27.34% (932) Bps 33.19% NA Depreciation 48 48 0.0% 39
Slide 10: Company Overview
KAMAT SF HOTELS (INDIA) LIMITED Company haa Overview ByORCHD Hots
Slide 11: About Kamat Group
About Kamat Group 7+ decade experience 3rd generation successful business owners • Founded by Late Mr. Venkatesh Krishna Kamat • Hotel Consultancy and Hospitality • Later headed by Dr. Vithal Venkatesh Kamat Industry • Currently run by Mr Vishal Kamat and a host of Professionals Scaling-up business
Slide 12: KHIL 1.0 – How did we Begin?
KHIL 1.0 – How did we Begin? Invested ~INR 600 Cr. 1958 1980-90 1990-2000 2000-05 2005-10 • Late Shri Venkatesh HOTELS (INDIA) LIMITED • Opened second hotel at • Purchased a 4-Star • Opened Maharashtra’s Kamat started Satkar (KHIL) Incorporated Andheri, Mumbai property – Plaza Hotel first and only h
Slide 13: KHIL 2.0 – How did we Transform?
KHIL 2.0 – How did we Transform? 2010-2014 2014-2023 2023 onwards Introspective Phase Reform and Transformational Phase Path to future growth • Economy slowdown: KHIL’s operations were • Regained the trust and confidence from lender • Economic and Business Outlook: India's booming economy and growin
Slide 14: KHIL 2.0
KHIL 2.0 Then (FY 2016) Now (FY 2024) 5 No. of Brands 5 10 No. of Properties 16 1,200 No. of Keys 1,600+ 5,750 Average Room Rate 6,500 (INR) 1,580 Revenue (INR Mn) 3,153 6,150 Debt (INR Mn) 1,725
Slide 15: Presence across India
Presence across India Hotel Location Type Keys Orchid Pune Leased 410 Orchid Manali Orchid Jamnagar Orchid Mumbai Owned 372 Orchid IRA by ORCHID Mumbai Leased 195 Shimla IRA by ORCHID Bhubaneshwar Leased 111 Orchid Mumbai IRA Ayodhya Orchid Shimla Leased 96 Orchid Manali Leased 47 IRA Mumbai Fort Ja
Slide 16: Our Destinations
Our Destinations PURI BHUBANESWAR KONARK AYODHYA PUNE NASHIK MUMBAI LONAVALA SHIMLA MANALI GOA MURUD 15
Slide 17: Experienced Board Members
Experienced Board Members Dr. Vithal Venkatesh Vishal Vithal Kamat Vidita Vithal Kamat Sanjeev Badriprasad Vilas Ramchandra Kamat Executive Director – Non-Executive Director Rajgarhia Koranne Kamats Group Independent Director Independent Director Executive Chairman & Experience of ~10 years in On th
Slide 18: Professional Management Team
Professional Management Team Smita B. Nanda Nikhil Singh Varun Sahni CFO Kamat Group Company Secretary & Senior Vice Presidet 27+ years of Professional Compliance Officer Operations experience in varied fields 8+ years of experience in legal 27+ years of experience in and secretarial in various hosp
Slide 19: Brand Portfolio
Brand Portfolio 18
Slide 20: Portfolio of the Brands
Portfolio of the Brands (ON CONSOLIDATED BASIS) Launched in No. of years 25+ 15+ 12+ 12+ July 2023 Market Segment Premium Premium Premium Mid-Premium Mid-Premium No. of Properties 7 1 1 3 5 No. of Keys 1,027 58 33 121 419 Occupancy (%)* 55% 40% 44% 54% 62% Revenue (INR Mn)* 2,018@ 176 27 203 729 *as
Slide 21: The ORCHID
The ORCHID Since 2007 Type Keys 1,027 No. of Keys Leased 598 Owned 372 Management Contract 57 Total 1,027 7 No. of Hotels Occupancy (%) ARR (INR) FY 2019: 75% FY 2019: 4,597 66% Jamnagar Lonavala Manali Mumbai FY 2024: 55% FY 2024: 5,384 Revenue Contribution Shimla Pune ARR - Average Room Rate 20
Slide 22: Ira by ORCHID
Ira by ORCHID IRA By Orchid was Launched on 1st July 2023 Type Keys Leased 419 Owned 0 IRA BY ORCHID HOTELS IRA BY ORCHID HOTELS Total 419 MUMBAI AYODHYA 419 5 No. of Keys No. of Hotels IRA BY ORCHID HOTELS IRA BY ORCHID HOTELS BHUBANESHWAR SAMBHAJINAGAR 21
Slide 23: Fort JadhavGadh
Fort JadhavGadh Since 2007 Leased Property Occupancy (%) ARR (INR) FY 2019: 55% FY 2019: 6,114 FY 2024: 40% FY 2024: 8,364 58 5% No. of Keys Revenue Contribution ARR - Average Room Rate 22
Slide 24: Lotus Resorts
Lotus Resorts 121 No. of Keys Lotus Eco Beach Resort Lotus Eco Beach Resort Goa Lotus Eco Beach Resort Konark Murud Dapoli Since 2007 All Leased Property 3 No. of Hotels Occupancy (%) ARR (INR) FY 2019: 50% FY 2019: 3,030 6% FY 2024: 54% FY 2024: 4,593 Revenue Contribution ARR - Average Room Rate 23
Slide 25: Future Plan
HOTELS Future Plan
Slide 26: Leveraging our strengths for future growth
Leveraging our strengths for future growth Our Strengths & Capabilities Strategy Going Forward Unique set of properties from business hotels to luxurious Continue looking for extraordinary properties to Diverse Portfolio resorts and hotels in iconic heritage buildings provide plethora of options for
Slide 27: KHIL 3.0: Future Plan
KHIL 3.0: Future Plan Today (FY 2024) KHIL 3.0 (FY 2025) No. of States 6 9 No. of Properties 16 25 No. of Keys 1,600+ 2200+ Average Room Rate (INR) 6,500 7,500 Revenue (INR Mn) 3,153 4,000 1,300 Debt (INR Mn) 1,725 (Target Achieved) 26
Slide 28: KHIL 3.0: Progress so Far
KHIL 3.0: Progress so Far Orchid Dehradun Orchid Chandigarh No. of No. of Keys Debt Level IRA Noida Properties (Sector 62) IRA Bhavnagar FY23: 13 1,510 2,975 (Operationalised) (Operationalised) (INR Mn) IRA Ayodhya Orchid Toyam FY24: 16 127 1,725 (Operationalised) (Operationalised) (INR Mn) Properti
Slide 29: Historical
AE KAMAT <7 HOTELS (INDIA) UMITED Historical Lotus Resorts a= ByORCHD Hose
Slide 30: Historical Performance
Historical Performance (ON CONSOLIDATED BASIS) Revenue (INR Mn) Room & F&B Revenue Contribution(%) Room Food & Beverage +32% 39% 39% 42% 43% 38% 37% Surpassed the pre-pandemic levels 61% 61% 58% 57% 62% 63% 3,153 2,990 FY19 FY20 FY21 FY22 FY23 FY24 2,382 2,234 Covid years Brand Wise Revenue Contribu
Slide 31: Historical Performance
Historical Performance (ON CONSOLIDATED BASIS) EBITDA (INR Mn) EBITDA Margin (%) 1,115.9 37.8% 916.4 31.1% 30.0% 29.0% 719.9 25.4% 633.8 366.8 13.4% 88.5 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 PAT (INR Mn) EPS (INR) 3,128.8 132.3 247.7 448.5 168.9 7.2 10.5 15.8 -362.9 -226.7 -9.
Slide 32: Balance Sheet
Balance Sheet (ON CONSOLIDATED BASIS) Debt (INR Mn) Net worth (INR Mn) Cash & Cash Equivalents (INR Mn) Substantial Reduction in Debt 225 2,056 1,541 (39)% 4,947 4,393 4,506 4,410 154 135 3,273 92 80 75 1,725 -1,230 -1,478 -1,588 -1,812 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 FY1
Slide 33: Cashflow
Cashflow (ON CONSOLIDATED BASIS) CASH FLOW FROM OPERATIONS (INR Mn) FREE CASH FLOW (INR Mn) 1,245 1,162 867 838 789 741 783 711 307 365 85 10 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 Company will utilise free cashflow to further strengthen balance sheet and support growth opportun
Slide 34: Outlook
Outlook Focus on Topline growth through newer projects in pipeline Enhancing unit level operation efficiency by focussing on Electricity, Labour & operating expenses Focus on Digitisation and strengthen its digital media sales and online marketing Further strengthen the Brand portfolio and presence
Slide 35: Safe Harbour
Safe Harbour This Presentation which has been prepared by Kamat Hotels (India) Limited (the “Company’) is solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connect
Slide 36: Thank You
Thank You Valorem Advisors Anuj Sonpal E: kamat@valoremadvisors.com T: 022-4903-9500 35
Kamat Hotels (India) — Q1 FY2025 Earnings Presentation on 6ix