Kamat Hotels (india) Ltd · NSE:KAMATHOTEL
Kamat Hotels (india) — Q4 FY2024 Earnings Presentation
35 slides from Kamat Hotels (india)'s earnings presentation, May 7, 2024
Slide 1: Submission of Investors Presentation Q4 FY2023-24 cover letter
7th May 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 –KurlaComplex, Mumbai - 400 001. Bandra (E), Mumbai – 400 051 Code: 526668 Symbol: KAMATHOTEL
Slide 2: Investor Presentation Kamat Hotels (India) Limited May 2024
Investor Presentation Kamat Hotels (India) Limited (KHIL) May 2024 1
Slide 3: Quarterly & Full Year Presentation
Quarterly Full Year & Presentation 2
Slide 4: Business Highlights
Business Highlights Significant Interest Cost Savings - Refinancing of Outstanding Debentures • The company repurchased 19,750 units of its 14% Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) from the total outstanding NCDs of 29,750. • Total purchase consideration for 19,750 N
Slide 5: Upcoming Properties
Upcoming Properties Number of Commencement Region Brand Status Rooms Date Noida (Sector 62) Orchid 62 Dec 2024 May 2024 Orchid Toyam Orchid 21 Jan 2024 June 2024 Dehradun Orchid 68 Sept 2024 Chandigarh Orchid 123 April 2024 Sept 2024 Bhavnagar Orchid 61 Sept 2024 4
Slide 6: IRA Brand Performance
IRA Brand Performance - Brand launched on 1st July 2023 ARR Growth (%) ARR Growth (%) Jul-22 to Apr-23 Jul-23 to Apr-24 Jul-22 to Apr-23 Jul-23 to Apr-24 VITS Mumbai IRA Mumbai VITS Bhubaneshwar IRA Bhubaneshwar • IRA Nashik is not comparable as it was under repairs and maintenance for 3 months in F
Slide 7: Q4 & FY24 Performance Highlights
Q4 & FY24 Performance Highlights (ON CONSOLIDATED BASIS) Revenue (INR Mn) Revenue (INR Mn) Growth: Growth: 861.3 3,043.4 845.1 804.9 • Y-o-Y: 5% • Y-o-Y: 3% 2,950.8 • Q-o-Q: (1.9)% Q4FY24 Q4FY23 Q3FY24 FY24 FY23 Quarterly Highlights Full Year Highlights EBITDA* (INR Mn) EBITDA* (INR Mn) 300.7 Growth
Slide 8: Financial Summary
Financial Summary (ON CONSOLIDATED BASIS) Revenue Employee Expenses Finance Cost • Most of the properties did • The increase in employee • The increase in finance costs well on ARR front on both costs is attributed to the reflects the expenses incurred QoQ and YoY basis hiring of new staff across fr
Slide 9: Company Overview
KAMAT HOTELS (INDIA) LIMITED Company Overview ORCHID
Slide 10: 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 11: 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 12: 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 13: 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 14: Presence across India
Presence across India Hotel Location Type Keys Orchid Manali Orchid Pune Leased 410 Orchid Jamnagar Orchid Mumbai Owned 372 Orchid Shimla IRA by ORCHID Mumbai Leased 195 IRA by ORCHID Bhubaneshwar Leased 111 Orchid Mumbai IRA Ayodhya Orchid Shimla Leased 96 IRA Mumbai Orchid Manali Leased 47 IRA Aur
Slide 15: Our Destinations
Our Destinations PURI BHUBANESWAR KONARK AYODHYA PUNE NASHIK MUMBAI LONAVALA SHIMLA MANALI GOA MURUD 14
Slide 16: 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 17: 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 18: Brand Portfolio
Brand Portfolio 17
Slide 19: 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 6 1 1 3 5 No. of Keys 1,006 58 33 121 419 Occupancy (%)* 55% 40% 44% 54% 62% Revenue (INR Mn)* 2,018@ 176 27 203 729 *as
Slide 20: The ORCHID
The ORCHID Since 2007 Type Keys 1,006 No. of Keys Leased 598 Owned 372 Management Contract 36 Total 1,006 6 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 19
Slide 21: 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 20
Slide 22: 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 21
Slide 23: 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 22
Slide 24: Future Plan
Future Plan 23
Slide 25: 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 26: 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 1,750 Debt (INR Mn) 1,725 (Target Achieved)
Slide 27: 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 28: Historical
BL KAMAT mex HOTELS (INDIA) LIMITED Historical Lotus Resorts aE ORCHID By ORCHID Ho
Slide 29: 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 30: 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 31: 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 32: 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 33: 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 34: 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 35: Thank You
Thank You Ernst & Young LLP Kunal Bhoite kunal.bhoite@in.ey.com M: 9833217607 Mahalakshmi Venkatachalam Mahalakshmi.Venkatachalam@in.ey.com M: 8655697598 34
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