Chalet Hotels Ltd. · NSE:CHALET
Chalet Hotels — Q1 FY21 Earnings Presentation
24 slides from Chalet Hotels's earnings presentation, Aug 11, 2020
Slide 1: Chalet Hotels filing letter to exchanges
CH A LET HOTELS August 11, 2020 National Stock Exchange of India limited BSE limited Exchange Plaza Corporate Relationship Department Bandra Kurla Complex, 1st Floor, New Trading Ring, Bandra (East), Dalal Street, Fort, Mumbai 400 051. Mumbai 400 001 . Scrip Code: CHALET Scrip Code: 542399 Dear Sir/
Slide 2: Presentation Q1FY21
Presentation Q1FY21 August 2020 1
Slide 3: What Defines Us
What Defines Us Long Term Partnerships Resilient Crafting A Business Fine Balance Model Sustainable Best Practices 2
Slide 4: Update on Navigating COVID-19
Update on Navigating COVID‐19 3
Slide 5: No Regret Actions - Initiated at the onset of Covid-19
No Regret Actions ‐ Initiated at the onset of Covid‐19 Projects • All projects, with the exception of lobby renovation work at Renaissance, on hold. Further action plans would be evaluated during the course of the year. Lower Costs • AMCs renegotiated to generate savings. • Novotel Pune and Four Poi
Slide 6: Update on Navigating COVID 19
Update on Navigating COVID 19 Reboot • All hotels action ready and prepared for ramp‐up post lockdown; FPS opened on 15 Jun and Novotel Pune opened on 5 Aug 2020. Reinvent • Initiated several cost control measures starting early February. • New Hygiene, Sanitization & Safety protocols/SOP’s rolled o
Slide 7: Hospitality Performance – Monthly
Hospitality Performance – Monthly ADR* Occupancy % RevPAR* 76% 74% 75% 8240 7931 8063 6263 5870 6083 4660 3795 3494 33% 17% 22% 796 821 1163 Apr‐20 May‐20 Jun‐20 Apr‐20 May‐20 Jun‐20 Apr‐20 May‐20 Jun‐20 Total Revenue Room Revenue F&B Revenue(In Rs. Mn) 728 741 728 438 424 425 245 242 215 91 100 122
Slide 8: Business Performance
Business Performance 7
Slide 9: Consolidated Q1FY21 Performance
Consolidated Q1FY21 Performance (In Rs. Mn) Total Income EBITDA Margin % PAT 2,462 854 34.7% 589 137 3 0.5% (397) Q1FY21 Q1FY20 8
Slide 10: Hospitality City-wise performance
Hospitality City‐wise performance Q1FY21 Revenue Rs 313 Mn Q1FY21 Q1FY20 YoY % ADR (Rs.) MMR 3,616 7,860 (54%) Bengaluru 19% Bengaluru 5,245 8,835 (41%) Hyderabad 3,958 8,116 (51%) Combined 3,860 8,078 (52%) MMR, 59% Hyderabad 22% Occupancy % MMR 30% 74% ‐4,400 bps Pune 19% 78% Bengaluru ‐5,900 bps
Slide 11: Hospitality Segment Q1FY21
Hospitality Segment Q1FY21 (In Rs. Mn) Revenue Segment Profit* Margin % Revenue Break‐up Q1FY20 2,198 854 F&B Room, 18% 38.8% 69% 313 Others 13% (145) ‐46.7% Q1FY21 Q1FY20 * Segment Profit has been calculated before Interest Depreciation and Tax. Forex gain/ loss is Nil for both the current period a
Slide 12: Occupancy and Operational Inventory
Occupancy and Operational Inventory Occupancy & ADR Trends Occupancy & RevPAR Trends* 4660 50% 1600 50% 5000 1363 45% 1400 45% 4500 3795 40% 40% 3494 4000 1200 35% Occupancy (%) 933 963 38% RevPAR (Rs.) 35% 3500 Occupancy (%) 38% 30% 1000 33% ADR (Rs.) 30% 33% 3000 25% 800 25% 2500 20% 25% 20% 25% 2
Slide 13: Hospitality Cost Savings Initiatives
Hospitality Cost Savings Initiatives Payroll Cost Raw Material Cost Rs. Million 213 37% 89% 319 Total Operating Expenses 200 66% 1344 23 Q1FY21 Q1FY20 Q1FY21 Q1FY20 458 Power, Light & Fuel Other Hotel Opex 159 60 55% 78% Q1FY21 Q1FY20 71 13 Q1FY21 Q1FY20 Q1FY21 Q1FY20 12
Slide 14: Retail & Commercial Revenue
Retail & Commercial Revenue (In Rs. Mn) Revenue Segment Profit* Margin % (Incl SLM Impact) (Incl SLM Impact) 213 SLM 173 37 Lease 81% 152 49% 68 74 176 85 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Updates as of June 2020: • Sahar Office Tower • Fully Leased. Rentals received as per terms. • The Orb:
Slide 15: Consolidated Profit / Loss Statement
Consolidated Profit / Loss Statement (In Rs. Mn) Particulars Q1FY21 Q1FY20 YoY% FY20 Total Income 589 2,462 ‐76% 10,090 Total Expenditure 586 1,608 64% 6,445 EBITDA 3 854 ‐99% 3,645 Margin % 0.50% 34.7% 36.1% Depreciation and Amortisation 296 282 ‐5% 1,133 Finance costs 401 357 ‐12% 1,462 Exceptiona
Slide 16: Net Debt Position
Net Debt Position (In Rs. Mn) Net Debt Movement 27,023 16,570 16,942 22,103 14,472 Date USD:INR 14,592 15,063 Mar‐18 65.04 12,671 Mar‐19 69.17 Mar ‐20 75.39 4,920 Jun‐ 20 75.53 1,801 1,978 1,879 Mar‐18 Mar‐19 Mar‐20 Jun‐20 ECB Loans Rupee Loan Consolidated March 31, 2018 March 31, 2019 March 31, 202
Slide 17: About Chalet..
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Slide 18: Well Positioned to Benefit from Industry Trends
Well Positioned to Benefit from Industry Trends Located in INR 10,090 Mn INR 3,645 1 Mn High Density / 36.1% About the Company Business Districts Hospitality the leading Mumbai, Bengaluru, Total Income – FY2020 EBITDA and EBITDA Hyderabad, Pune Margin – FY2020 business driver Retail & 2,554 Operatio
Slide 19: 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 20: 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 & Midscale Bengaluru 3‐4 Upper‐Midscale star 2‐3 391 427 Midscale‐Economy star * Under Franchise Agreement,
Slide 21: Key Awards
Key Awards Great Place to Work® Chalet has been ranked 16th in “India’s Great Mid‐ size Workplaces”by Great Place to Work © Institute India. J W Marriott Mumbai, Sahar winner of Travellers’ Choice Marriott 2020 by Tripadvisor Bangalore Whitefield voted “Best of the Best” Asian Kitchen, FPS, Vashi wa
Slide 22: 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 23: 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 24: Thankyou
Thankyou Investor Relations Contact: Ruchi Rudra E‐mail: [email protected] / [email protected] Chalet Hotels Limited Raheja Towers, 4th Floor, Block G, BKC, Mumbai 400 051 23