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EIH Ltd Investor Presentation 2022

Feb 7, 2022

60730_rns_2022-02-07_e261d6e5-e086-4e83-9097-c85ef7f61874.pdf

Investor Presentation

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CIN:L55101WB1949PLC017981

CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM

7[th] February 2022

The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5[th] Floor Corporate Relationship Dept. Plot No..C/1, G Block 1[st] Floor,New Trading Ring Bandra Kurla Complex Rotunda Building Bandra(E) Phiroze Jeejeebhoy Towers Mumbai – 400 051. Dalal Street,Fort, Mumbai-400001 Code: EIHOTEL Code:500840

SUB: SUBMISSION OF PRESENTATION TO INVESTOR / ANALYSTS

Dear Sir / Madam,

Pursuant to Regulation 30(6) of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 (Listing Regulations), please find enclosed the copy of the presentation to be circulated to Investor / Analysts in respect of the Unaudited Financial Results (Standalone and Consolidated) of the Company for the third quarter and nine months ended 31[st] December 2021.

Kindly take the above in your records and host in your website.

Thanking you,

Yours faithfully

For EIH Limited LALIT Digitally signed by LALIT KUMAR KUMAR SHARMA Date: 2022.02.07 SHARMA Lalit Kumar Sharma 07:49:29 +05'30' Company Secretary

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1
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Classification | External

Industry Outlook

2

Classification | External

Source: HVS Anarock Report

Indian Hospitality Industry

Key Highlights

1

Domestic air traffic increased by ~6% (M-o-M) in Dec 2021; with ease in travel restrictions, declining COVID cases and aggressive vaccination campaign in the country.

2

. Hotel industry recorded highest monthly room rates since the onset of pandemic

3

The gradual resumption of corporate travel is assisting in the recovery of hotel demand in cities like Kolkata, Mumbai, Delhi, Bengaluru and Pune, which were previously underperforming

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4
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Brand openings & signings by properties have increased by 54% Y-o-Y Q3 of 2021 compared to last year.

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5
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  • The rising number of Omicron cases in India has resulted in subdued leisure & business travel demand in Jan 2022; however, we expect a strong rebound in domestic travel as soon as the cases subside, and travel limitations are lifted, some of which is already underway

3

Classification | External

Source: HVS Anarock Report

Indian Hospitality Industry | Benchmarking

Signs of recovery visible with YOY growth in last 4 months

ADR
33-35%
42-44%
25-27%
Occupancy
15-17pp
24-26pp
25-27pp
RevPAR
82-84%
156-158%
133-135%
Y-o-Y
[vs. FY2020-21]
Nov
2021
Oct
2021
Dec
2021
RevPAR Index
(Dec’21)
2.30 (LY: 2.03)
[EIH]
2.48 (LY: 2.14)
[EIH Domestic Hotels]
ADR
33-35%
42-44%
25-27%
Occupancy
15-17pp
24-26pp
25-27pp
RevPAR
82-84%
156-158%
133-135%
Y-o-Y
[vs. FY2020-21]
Nov
2021
Oct
2021
Dec
2021
RevPAR Index
(Dec’21)
2.30 (LY: 2.03)
[EIH]
2.48 (LY: 2.14)
[EIH Domestic Hotels]
RevPAR Index
(Dec’21)
2.30 (LY: 2.03)
[EIH]
2.48 (LY: 2.14)
[EIH Domestic Hotels]
I N D U S T R Y
EIH Limited
107%
167%
142%
Domestic
Properties
112%
146%
133%*
EIH
RevPAR

4

Classification | External

*** Domestic properties represents all hotels including managed properties**

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Our Outlook

Endure Revitalize Flourish

5

Classification | External

ENDURE Robust Balance Sheet | Sharp Post COVID Recovery

6

Classification | External

Robust Balance Sheet

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NET WORTH
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2,919 2,926
2,816 2,855 2,814
31st 31st 31st 31st 31st
March March March March December
2018 2019 2020 2021 2021
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STRONG ASSET BASE TOTAL DEBT
2,979 3,024 3,037
477
2,524 437
2,464 415
354
278
31st 31st 31st 31st 31st 31st 31st 31st 31st 31st
March March March March December March March March March December
2018 2019 2020 2021 2021 2018 2019 2020 2021 2021
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Our Balance Sheet strength have helped in controlling the finance costs and obtain lowest interest rates from bank. Weighted Average Cost of Debt as on 31[st] Dec 2021 was 7.1%, i.e. reduction by 8 bps in last one year

7

Classification | External

RevPAR Recovery improved after second wave of COVID-19

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EIH Domestic Properties
10,473 Recovery Recovery
9,987
after 1 [st] after 2 [nd]
8,773 wave wave
8,076
Impact of Impact 7,023 7,186
Covid 1 [st] of Covid
wave 2 [nd] wave
4,380
4,083 4,081
3,864
3,152
2,992
1,580 1,683
1,257 1,234
554 441
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22
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Q1FY22 witnessed decline in RevPAR due to second wave of COVID-19. However, steep recovery is being witnessed from June 2021 onwards. Q3 witnessed increase in RevPAR by 64% (Q-o-Q) and for all domestic properties taken together

8

Classification | External

*** Domestic properties represents all hotels including managed properties**

Hotels | Recovery in Domestic Properties

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Occupancy
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ARR
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Y 2021 Y 2020 Y 2019
82% 81%
75% 75%
72% 70%
75% 78% 59% 62% 63% 64% 68% 66% 60% 70%
53%
50% 50% 57%
48%
44% 43%
27% 28%
40%
34%
31% 11% 30%
24%
14%
9% 11%
5% 6%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Y 2021 Y 2020 Y 2019
14,376
12,995 13,727 12,657 12,618 13,482
10,293
13,288 13,475 9,497 9,308 9,210 9,354 9,551
12,515
9,991
8,985
7,598 7,262 7,247 8,309 7,190 7,963
5,405
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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9

Classification | External

*** Domestic properties represents all hotels including managed properties**

High on ARR and RGI – Brand Promise of being the best.

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Oberoi and Trident Hotels perform better than the competition set, while maintaining Brand Premium and Revenue Generating Index

10

Classification | External

City wise revenue recovery | Domestic Properties

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Q3 FY22
Q3 FY22
Q3 FY22
Q3 FY22
Q3 FY22
Q3FY21
Q3FY21 Q3 FY22
Q3 FY22 Q3FY21 Q3 FY22
Q3 FY22 Q3FY21
Q3FY21 Q3 FY22
Q3FY21
Q3FY21 Q3FY21 Q3FY21 Q3FY21
Delhi / NCR Bengaluru Kolkata Maharashtra Udaipur Jaipur / Shimla / Agra Hyderabad Bhubaneswar /
Ranthambore Chandigarh Chennai / Cochin
vs
71% 109% 71% 58% 131% 84% 166% 49% 64% 71%
Q3 FY20
Total Revenue
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11

Classification | External

*** Domestic properties represents all hotels including managed properties**

Hotels | Operating Statistics | Including managed properties

*** Domestic properties represents all hotels including managed properties**

Occ% | Q3 FY22 Occ% | Q3 FY21 Occ% | Q3 FY20

||Occ% | Q3 FY22
Occ% | Q3 FY21
Occ% | Q3 FY20|Occ% | Q3 FY22
Occ% | Q3 FY21
Occ% | Q3 FY20|Occ% | Q3 FY22
Occ% | Q3 FY21
Occ% | Q3 FY20|Occ% | Q3 FY22
Occ% | Q3 FY21
Occ% | Q3 FY20|Occ% | Q3 FY22
Occ% | Q3 FY21
Occ% | Q3 FY20|Occ% | Q3 FY22
Occ% | Q3 FY21
Occ% | Q3 FY20|Occ% | Q3 FY22
Occ% | Q3 FY21
Occ% | Q3 FY20|
|---|---|---|---|---|---|---|---|
|0%
10%
20%
30%
40%
50%
60%
70%
80%
90%|56%
60%
66%
70%
65%
63%
63%
25%
43%
41%
36%
28%
44%
35%
71%
58%
81%
83%
71%
77%
74%|||||||
|ARR [ `]|Oberoi Metro|Oberoi Leisure
(Vilas)|Trident Metro|Trident Leisure|Trident City|Others|Total|
|Q3 FY22|₹ 10,824|₹ 34,846|₹ 6,635|₹ 9,240|₹ 5,592|₹ 6,306|₹ 11,483|
|Q3 FY21|₹ 9,219|₹ 26,183|₹ 4,271|₹ 6,436|₹ 4,269|₹ 4,718|₹ 9,084|
|Q3 FY20|₹ 14,888|₹ 37,484|₹ 9,513|₹ 7,347|₹ 8,245|₹ 8,353|₹ 13,528|

Recovery vs 57% 96% Q3FY20

57%

107%

62%

61%

72%

12

Classification | External

F&B Revenue | Hotels | Domestic Properties

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182 80 Cr
70 Cr
186%
60 Cr
125
50 Cr
98
40 Cr
70
62 30 Cr
50
44
41
20 Cr
33
28
22
10 Cr
9
0 Cr
Q1 Q2 Oct Nov Dec Q3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Y 2020 Y 2021
FY22 FY21
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The focus on Food & Beverage Revenue continues. Q3 revenue in current year is higher by ` 84 Crs (+186%) compared to same time last year.

13

Classification | External

*** Domestic properties represents all hotels including managed properties**

Oberoi Leisure | Outperforming Expectations

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70%
Q3FY22
Q3FY20
60%
Q4FY21
Q2FY22
FY20 Q4FY20
50% Q1FY20
Q3FY21
Q2FY20
40%
FY21
30%
Q1FY22
20% Q2FY21
10%
Q1FY21
0%
- 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000
ARR (Rs.)
Occupancy (%)
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List of Oberoi Leisure Properties

The Oberoi Udaivilas The Oberoi, MV Vrinda The Oberoi Vanyavilas The Oberoi Rajvilas The Oberoi Cecil, Shimla Wildflower Hall, Shimla The Oberoi Amarvilas The Oberoi Sukhvilas

Oberoi Leisure Resorts have been outperforming normalized year performance

14

Classification | External

*** Domestic properties represents all hotels including managed properties**

REVITALIZE

Leaders in Health and Safety | Process Efficiency | Automation | Rationalization of Fixed Costs | Environmental consciousness

15

Classification | External

Financial Agility | Significantly enhanced operational efficiencies

* Q-o-Q CONSOLIDATED Financial Results for starting from Q3 FY20 to Q3 FY22**

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Revenue EBITDA PBT PAT
534
Best quarter in last 7
131 cr. [53%]
431 quarters since the
379 onset of pandemic
248
231
178
195
91 cr.
136
111 105 99 99 cr. 103 78 cr.
85
56
45 45 33 41
8
-11 -10
-67 -59 -43 -56 -49 -37
-87 -87
-126 -119 -114
-152 -145 -152
-195
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22
Rs In crores
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Q4 FY20 Pandemic started impacting the business

Q4 FY20 Pandemic started impacting the business

16

Classification | External

Financial Agility | Significantly enhanced operational efficiencies

* Q-o-Q STANDALONE Financial Results for starting from Q3 FY20 to Q3 FY22**

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Revenue EBITDA PBT PAT
449
Best quarter in last 7
107 cr. [49%]
367 quarters since the
324 onset of pandemic
217
198
168 146
81 cr.
69 90 85 78 99 102 cr. 75 83 cr.
38 41 33
25
16
3
-16 -16
-42
-55 -61 -68 -50
-86 -86 -81 -93
-115 -123 -118-115
-150
-157
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22
Rs In crores
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Pandemic started impacting the business

Pandemic started impacting the business

17

Classification | External

Financial Agility | Significantly enhanced operational efficiencies

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----- Start of picture text -----

-14% -13% -3% -29% -16%
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Vs. Q3 FY20
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Efficiencies
Total Expenses
19%
Corporate cost
32%
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Excluding Directors’ commission and CSR expenses

Consumption Of Power & Fuel Provisions, Wines & Others

Power & Fuel Repairs & Other Payroll & Related Maintenance Adminstrative (incl. TPC) expenses Q3 FY22 Q3 FY21 Q3 FY20 Q3'FY22 vs. Q3'FY20

18

Classification | External

Reducing our Carbon Footprint | Energy Conservation new initiatives

Commissioning of Solar Plants

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The Oberoi The Oberoi
Vanyavilas Udaivilas
0.4 MWp 1.0 MWp
Trident Trident
Agra Udaipur
0.6 MWp 1.0 MWp
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  • Solar Plants with a capacity of 3.0 MWp commissioned

  • Expected to generate 4.2 mn units p.a. thereby reducing the carbon footprint

  • 36% of electricity consumption being met through Solar power generation at these location.

  • Average cost reduced from ~ **11.5 p.u. to ~** 6.8 p.u.

Hotels consuming Renewable Energy

  • The Oberoi Gurgaon

  • Trident Udaipur

  • Trident Gurgaon The Oberoi Bengaluru

  • • • The Oberoi Vanyavilas Trident Bandra Kurla

  • • • The Oberoi Udaivilas Trident Chennai

  • • • Trident Agra OFS, Chennai

  • Trident Agra

19

Classification | External

FLOURISH Leadership in Domestic Leisure | Food & Beverage | Alliances | Guest Recognition

20

Classification | External

EIH Limited | PerformanceHighlights

Quarter ended December 2021

21

Classification | External

STANDALONE P&L QTR QTR 3 STANDALONE P&L 9M 9M
Figures in Rs Crores rounded to nearest first decimal FY22 FY21 Figures in Rs Crores rounded to nearest first decimal FY22 FY21
Revenue from Operations 314.3 155.8 Revenue from Operations 595.3 244.7
Other Income 10.0 11.7 Other Income 36.5 30.7
TOTAL INCOME (A) 324.3 167.5 TOTAL INCOME (A) 631.8 275.4
Consumption 42.4 24.6 Consumption 87.0 39.9
Employee Benefits 96.6 81.5 Employee Benefits 277.1 259.7
Power, Fuel & Light 21.6 16.7 Power, Fuel & Light 57.6 44.6
Administrative & Other Expenses 85.3 60.5 Administrative & Other Expenses 214.8 148.5
TOTAL EXPENDITURE (B) 245.9 183.3 TOTAL EXPENDITURE (B) 636.5 492.7
EBITDA = (A) – (B) 78.4 (15.8) EBITDA = (A) – (B) (4.7) (217.3)
Less:Depreciation & Amortization 28.5 29.7 Less:Depreciation & Amortization 85.4 91.5
EBIT 49.9 (45.5) EBIT (90.1) (308.8)
Less: Finance Costs 8.5 9.6 Less: Finance Costs 24.7 32.9
PBT 41.4 (55.1) PBT (114.8) (341.7)
Less: Exceptional Items 0.0 0.0 Less: Exceptional Items 27.4 20.3
Less: Tax including Deferred Tax 8.8 (13.5) Less: Tax including Deferred Tax (31.2) (87.0)
PAT 32.6 (41.6) PAT (111.0) 22
(275.0)
~~Classificatio~~n E~~xternal~~

||CONSOLIDATED P&L
Figures in Rs Crores rounded to nearest first decimal
Revenue from Operations
Other Income
TOTAL REVENUE (A)
Consumption
Employee Benefits
Administrative & Other Expenses
TOTAL EXPENDITURE (B)
EBITDA = (A) – (B)
Less: Depreciation & Amortization
EBIT
Less: Finance Costs
PBEIT
Share of netprofit of associates andjoint ventures
Exceptional Items
Tax Expense
PROFIT / (LOSS) FOR THE PERIOD
Items that may not be reclassified to Profit or Loss
Items that may be reclassified to Profit or Loss
Total Other Comprehensive Income / Loss (net of tax)
Less: Non-Controlling Interest in total comprehensive
income
Total Comprehensive Income / (Loss) for theperiod|23
Classification | External
Q3
9M
FY22 (Actual)
FY21 (L.Y.)
Variance %
FY22 (Actual)
FY21 (L.Y.)
Variance %
365.4
179.2
104%
691.4
280.8
146%
13.5
15.6
(-) 13%
46.0
43.4
6%
378.9
194.8
95%
737.4
324.2
127%
47.2
26.5
78%
95.5
42.8
123%
107.9
91.3
22%
309.1
289.9
8%
124.8
88.1
42%
312.4
215.8
45%
279.9
205.9
38%
717.0
548.5
31%
99.0
(11.1)
20.4
(224.3)
31.7
32.8
94.8
101.0
67.3
(43.9)
(74.4)
(325.3)
9.6
10.6
28.3
36.9
57.7
(54.5)
(102.7)
(362.2)
(1.6)
(12.8)
(28.5)
(51.9)
0.0
0.0
0.0
(2.5)
(15.3)
11.6
20.3
90.0
40.8
(55.7)
(110.9)
(326.6)
(0.3)
0.7
(0.8)
2.2
0.8
(3.6)
8.4
(15.1)
41.3
(58.6)
(103.3)
(339.5)
2.8
0.3
1.8
(5.1)
38.5
(58.9)
(105.1)
(334.4)|
|---|---|---|

Strong Brand Positioning and Focus Areas

24

Classification | External

Book Direct’ and ‘Best Rate Promise’ drives revenue through brand website

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Focused and Aggressive marketing initiative to promote direct bookings on www.oberoihotels.com

25

Classification | External

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Aggressive promotion through digital marketing

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26

Classification | External

SeasonofJoy| Festive Offer Promotions on digital with best ever brand affinity The hotel offers for both F&B and Stays promoted on the website and via digital media

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Home page
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https://www.oberoihotels.com/christmas-and-new-year-2021/

Classification | External

BusinessFootprint Quarter ended December 2021

28

Classification | External

Corporate Structure

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Hotel Business
EIH Limited Non Hotel Business
Within EIH
Mumtaz Hotels Mashobra Resort EIH Associated Hotels
EIH International Ltd 13 Hotels + Luxury Cruiser
Limited Limited Limited
 The Oberoi  The Oberoi, New Delhi  Wildflower Hall, Shimla
Amarvilas  The Oberoi, Mumbai  The Oberoi Rajvilas
EIH Holdings Ltd  The Oberoi Cecil
 The Oberoi, Bangalore  Trident Chennai
 The Oberoi, Bali  The Oberoi Grand  Trident Bhubaneswar
 The Oberoi, Lombok (Managed by EIH)  The Oberoi Udaivilas (Managed by EIH)  Trident Agra
 The Oberoi, Mauritius  The Oberoi VanyavilasTrident, Nariman Point, Mumbai  Trident JaipurTrident Udaipur
 The Oberoi, Sahl Hasheesh, Egypt  Trident, Bandra Kurla, Mumbai  Trident Cochin
 Motor Vessel Vrinda
Managed Hotels:  Maidens Hotel, Delhi (All hotels managed by EIH)
 The Oberoi, Dubai Managed by EIH :
 The Oberoi Beach Resort Al Zorah  Trident, Gurgaon
 The Oberoi Gurgaon
 The Oberoi Zahra (Nile Cruiser)  The Oberoi Sukhvilas
 The Oberoi Marrakech  Trident Hyderabad
EIH Flight Services
Other Businesses (Within EIH) Mercury Car Rentals (P) Limited
Limited, Mauritius
OFS & OAS Business | EIH Printing Press | Air Charter Services | Cou Cou OFS, Mauritius Car Rental Business (Joint Venture with
Avis, Europe)
Hospitality and Travel focused business model
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29

Classification | External

HOTELS IN INDIA

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Shimla in the Himalayas
New Chandigarh
Trident,
Gurgaon
Trident, Agr a
Trident,
Jaipur
Jaipur
Resort,
Trident, Ranthambhore
Udaipur Udaipur
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1591 keys under The Oberoi Brand 2172 keys under Trident Brand

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Kolkata
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Mumbai
Trident Trident, Trident,
, Bandra Nariman Bhubaneswar
Kurla Point
Trident,
Hyderabad
Trident,
Chennai
Trident,
Cochin
Luxury Kerala
Cruiser
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33 Hotels and Resorts in 7 countries. 4512 keys Where the Guest is Everything.

30

Classification | External

OBEROI HOTELS & RESORTS AROUND THE WORLD

The Oberoi Philae, Luxury Nile Cruiser, River Nile, Egypt The Oberoi Beach Resort, The Oberoi, Marrakech The Oberoi Zahra, Al Zohra Luxury Nile Cruiser The Oberoi, Dubai The Oberoi Beach Resort, Sahl Hasheesh, Egypt The Oberoi Madina The Oberoi Beach Resort, Bali The Oberoi Beach Resort, Lombok The Oberoi Beach Resort, Mauritius Classification | External

749 keys under The Oberoi Brand

31

[excluding India]

THANK YOU

32

Classification | External