Slide 1: Corporate Presentation March 2020
Corporate Presentation March 2020 1
Slide 2: What Defines Us
What Defines Us Pedigree K Raheja Corp Leading real estate developer in India for over Four Decades Proficiency Right Assets Right Location Right Partnership Right Team Performance Robust Operating Performance 2
Slide 3: K Raheja Corp – A Group Overview
K Raheja Corp – A Group Overview 4 Decades of experience Pan India presence 9,500+ employees Office Hospitality Malls Residential Retail Developed residential spaces Leading retail platform - Developed >25 msf 3,100+ (1) operational keys 2.5 msf area across 6 malls across 6 key cities 290 stores acr
Slide 4: About Chalet
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Slide 5: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Located in INR 10,348 Mn INR 3,668 1 Mn High Density / 35.5% About the Company Business Districts Hospitality the leading Mumbai, Bengaluru, Total Income – FY2019 EBITDA and EBITDA Hyderabad Margin – FY2019 business driver Others Commercial 8% and Reta
Slide 6: Our Hotel Portfolio
Our Hotel Portfolio Novotel Pune Nagar Road Hotel1 JW Marriott Mumbai Sahar Bengaluru Marriott Hotel Whitefield The Westin Hyderabad Mindspace (223 Keys) (588 Keys) (391 Keys) (427 Keys) Strategically Chosen Brands at Key Locations Leading to Market Leadership Four Points by Sheraton Navi Renaissanc
Slide 7: Portfolio of High-End, Globally Recognized, Branded Hotels
Portfolio of High-End, Globally Recognized, Branded Hotels 588 600 173 Top tier 5 star 2,179 152 * Deluxe Luxury Keys Mumbai Luxury – Upper Upscale Pune 375 4–5 Keys 223 star Hyderabad Upscale Bengaluru 3-4 Upper-Midscale star 2-3 391 427 Midscale-Economy star * Under Franchise Agreement, Leasehold
Slide 8: Hospitality City-wise performance
Hospitality City-wise performance FY19 Segment Revenue Rs 9,137 Mn FY19 FY18 FY17 CAGR Total Keys 2,331 2,328 2,259 1.6% Bangaluru ADR (Rs.) 17% MMR 8,086 7,629 7,700 2.5% Bengaluru 8,756 8,620 8,9681 -1.2% Hyderabad Hyderabad 8,205 7,896 7,792 2.6% MMR 18% Combined 8,218 7,840 7,822 2.5% 65% Occupa
Slide 9: Business Model Built Upon Principles of Active Asset Management
Business Model Built Upon Principles of Active Asset Management ✓ Market Leading Operating Parameters Actively engage with hotel management team at each hotel to set operational and financial targets Employee Cost as a % of ✓ 14% Revenue (FY19) Drive performance through structured monthly review Sta
Slide 10: Development of Hotels at Optimal Cost, Design and Build
Development of Hotels at Optimal Cost, Design and Build Identification of Location, Land Acquisition (In Rs. Mn) • Comprehensive market selection process • Management’s expertise and know-how plays a vital role in location selection Gross Block per Key Project Planning 11.5 11.4 11.4 • In-house team
Slide 11: Hotel-led Complementary Mixed-Use Commercial and Retail Developments
Hotel-led Complementary Mixed-Use Commercial and Retail 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
Slide 12: Proposed Development Pipeline in Key Business Districts
Proposed Development Pipeline in Key Business Districts Hotel and Convention Center Hotel Commercial Location Renaissance Complex, Powai Airoli, Navi Mumbai Renaissance Complex, Powai Proposed Brand ‘W’ Hyatt Regency - Est. opening 20221 20221 20211 Keys / Total Build Up Area ~150 Keys & ~40k Sqft C
Slide 13: Sustainable Development & A Better Tomorrow
Sustainable Development & A Better Tomorrow Energy Initiatives ✓ 42% of electricity sourced from renewable energy sources (FY19) ✓ Power consumption down 9% per key (FY16 to FY19) Minimizing Plastic Usage ✓ Shifting to Bio-degradable plastic Water Management wherever possible ✓ Rain-water harvesting
Slide 14: Socially Responsible
Socially Responsible Partnering with TRRAIN Creating Livelihood and skilling Differently Abled People through an initiative called Pankh by TRRAIN • Chalet Hotels Limited training 40 young people • Targeting to train ~100 individuals by the end of FY20 TRRAIN is a public charitable trust formed in 2
Slide 15: Awards & Certifications
Awards & Certifications Swachhata Survekshan 2020 – MCGM – Renaissance Mumbai Convention Centre Hotel & Lakeside Chalet – Mumbai, Marriott Executive Apartments USGB Gold Leed Certification Best Business Hotel in Maharashtra – JW Marriot Mumbai Sahar - Marriott Whitefield Bengaluru Business Leaders A
Slide 16: The Board of Directors
The Board of Directors Independent Chairman #1 8 6 1 5 3 #5 #2 Promoter Directors 4 2 7 #6 Independent #3 Directors #7 In the order of Standing (Left to Right) #4 Executive Directors Rajeev Newar Neel Raheja Hetal Gandhi Ravi Raheja Joseph Conrad D’Souza Executive Director & CFO Non-Executive Direct
Slide 17: Clear Strategy to Drive Future Growth
Clear Strategy to Drive Future Growth Active Asset Accretive Prudent Capital Management Acquisitions Allocation Pipeline Rebranding Opportunities 1 1 The Westin Hyderabad Mindspace: Dec 31 2021; Renaissance Mumbai Convention Centre Hotel and Lakeside Chalet, Mumbai-Marriott Executive Apartments Powa
Slide 18: Business Performance
Business Performance 18
Slide 19: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) CAGR Particulars 9MFY20 FY19 FY18 FY17 FY17-FY19 Revenue from Operations 7,538 9,872 7,955 6,803 20.5% Hospitality the leading Other income 176 476 557 2,187 business driver Total Income 7,714 10,348 8,513 8,990 7.3% (Total Income FY19) Total Expendit
Slide 20: Hospitality Portfolio Performance
Hospitality Portfolio Performance ADR (Rs.) Occupancy % (In Rs. Mn) 8,218 8,366 76% 75% 73% 7,822 7,840 67% FY17 FY18 FY19 9MFY20 FY17 FY18 FY19 9MFY20 Revenue Segment Profit* 3,720 8,395 9,137 3,399 6,807 6,744 2,476 2,686 FY17 FY18 FY19 9MFY20 FY17 FY18 FY191 9MFY20 * Segment Profit before Interes
Slide 21: Hospitality: Driving Returns
Hospitality: Driving Returns Combined with efficient Delivering Robust Improving Profitability development cost Return Ratios (In Rs. Mn) Segment Profit* Per Key Segment Profit* Margin ROCE 2 40.7% 18% 1.6 40.5% 16% 1.5 1.1 12% 36.4% FY17 FY18 FY19 1 FY17 FY18 FY19 1 FY17 FY18 FY19 * Segment Profit
Slide 22: Retail & Office Space
Retail & Office Space (In Rs. Mn) Revenue Segment Profit* Margin % 741 474 64% 391 241 19% 22% 24% 141 70 93 27 FY17 FY18 FY19 9MFY20 FY17 FY18 FY19 9MFY20 FY17 FY18 FY19 9MFY20 The Orb at Sahar jumjoji – The Orb Dragonfly – The Orb * Segment Profit before Interest Depreciation and Tax Includes Stra
Slide 23: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement (In Rs. Mn) Particulars Sep 30, 2019 March 31, 2019 March 31, 2018 Fixed Assets 20,131 20,492 21,211 Capital Work in-progress 498 342 218 Investment Property 6,951 6,810 6,737 Goodwill 226 226 226 Other Non-Current assets 1,828 1,735 1,711 Current Assets 1 5,923
Slide 24: Debt Position
Debt Position Debt Movement (In Rs. Mn) 27,093 14,942 14,577 22,173 13,141 12,803 4,920 1,801 1,774 Mar-18 Mar-19 Dec-19 ECB Loans Rupee Loan Consolidated March 31, 2018 March 31, 2019 Dec 31, 2019 Total Debt / Equity 5.5 1.0 1.0 Total Debt / EBITDA 9.0 4.1 USD:INR 65.04 69.17 71.27 Excluding Prefer
Slide 25: 9MFY20 Performance
9MFY20 Performance 25
Slide 26: Consolidated 9MFY20 Performance
Consolidated 9MFY19 Performance (In Rs. Mn) Total Income * EBITDA** Margin % PBT 7,577 7,714 2,910 960 37.7% 2,624 34.6% (356) 9MFY19 9MFY20 9MFY19** 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 * Treasury income lower by Rs 143 mn **Includes Exchange loss of Rs 148 Mn (CY NIL) 26
Slide 27: Highlights of the Quarter
Highlights of the Quarter Industry Industry • Positive demand supply arbitrage • Sluggish Consumer spends • General economic slowdown Chalet Hotels Limited Chalet Hotels Limited • ADR driven RevPAR growth • Lower Banquet and MICE revenue • Occupancy at 75% • Effective cost management • Improved Capi
Slide 28: Hospitality City-wise performance
Hospitality City-wise performance 9MFY20 Revenue Rs 6,744 Mn 9MFY20 9MFY19 YoY% FY19 ADR (Rs.) Bengaluru MMR 8,149 7,858 4% 8,086 17% Bengaluru 8,995 8,511 6% 8,756 Hyderabad Hyderabad 8,547 7,906 8% 8,205 MMR 64% 19% Combined 8,366 7,977 5% 8,218 Occupancy % MMR 74.5% 74.4% 15 bps 76% Bengaluru 76.
Slide 29: Hospitality Segment 9MFY20
Hospitality Segment 9MFY20 (In Rs. Mn) Revenue Segment Profit* Margin % Revenue Break-up 9MFY20 6,744 2,686 39.8% 6,569 2,494 ** 38.0% F&B 32% Room 59% Others 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 9% * Segment Profit before Interest Depreciation and Tax ** Includes Exchange loss of Rs 139 Mn (CY
Slide 30: Retail & Office Space
Retail & Office Space (In Rs. Mn) Updates: Revenue Segment Profit* Margin % • Straight Line Impact on lease rental • 9M: Rs.329 mn (PY: Rs.72 mn) 741 474 64% • Sahar Office Tower • All fit-outs completed 32% 300 • ~90% occupancy 97 • The Orb - Sahar Retail • 17 Outlets opened 9MFY19 9MFY20 9MFY19 9M
Slide 31: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars 9MFY20 9MFY19 YoY% FY19 Total Income 7,714 7,577 2% 10,348 Total Expenditure 4,804 4,805 0% 6,519 EBITDA Before Exchange Loss 2,910 2,772 5% 3,829 Exchange Loss/(Gain) - 148 161 EBITDA 2,910 2,624 11% 3,668 Margin % 37.7% 34.6% 35.5% Depre
Slide 32: 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 33: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E-mail: ruchi.rudra@chalethotels.com / investorrelations@chalethotels.com Phone: 022 2656 4000 /4332 Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 33