THOMASCOOKNSE12 November 2022

Thomas Cook (India) Limited has informed the Exchange about Investor Presentation

Thomas Cook (India) Limited

November 12, 2022

The Manager, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 500413

The Manager,

Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Code: THOMASCOOK

Fax No.: 2272 2037/39/41/61

Fax No.: 2659 8237/38

Dear Sir/ Madam,

Sub: Analysts and Investors Conference Call presentation for the Quarter and Half year ended September 30, 2022.

In furtherance of our intimation dated November 4, 2022 giving intimation on the “Q2 & H1 FY23 earning Conference Call for the analysts and investors”, please find enclosed the investor presentation on the performance of the Company for the Quarter and Half year ended September 30, 2022, to be presented before Analysts and investors on Monday, November 14, 2022.

The presentation https://www.thomascook.in

also being made

available on

the Company's website

This is for your information and records.

Thank you.

Yours faithfully,

For Thomas Cook (India) Limited

Amit J. Parekh Company Secretary and Compliance Officer

Encl: a/a

Thomas Cook (India) Limited (TCIL) Q2 & H1 FY23 Earnings Presentation

Thomas Cook India Group at a glance

Foreign Exchange & Related Services

• Retail & Wholesale • Forex Cards • Remittance

Digital Imaging Solutions

• Digiphoto Entertainment Imaging Ltd. (DEI)

Travel & Related Services

Leisure Hospitality & Resorts

• B2C: Leisure Holidays (Domestic & Outbound)

Sterling Holiday Resorts Limited

• B2B: MICE, Corporate Travel, Destination

Management Services - DMS (India + International)

Thomas Cook India Group at a glance

Thomas Cook (India) Ltd is a leading integrated Travel and Financial services Company in India, part of the Fairfax group which owns 72.34% stake in Thomas Cook India

Integrated business model creates value through scale and flexibility

Spread across 25 countries across 5 continents

Premier brand portfolio with omni-channel strategy

Business is uniquely positioned to provide customer centric experiences & value driven service and offerings

Q2 FY23 Financial Highlights

•

Thomas Cook (India) Limited reports its second consecutive profitable quarter on the back of sustained recovery & cost management

• On track to a profitable FY23

Managing Director’s comments- Q2 FY23 Mr. Madhavan Menon, Managing Director, Thomas Cook (India) Ltd.,

“Our second consecutive strong quarterly results are an

outcome of the Group’s sustained recovery efforts & cost

management - resulting in a cost saving of 24% Vs pre

•

The Group continues to drive cost savings

pandemic levels. Our focus on customer centric

• Costs in Q2 FY23 Vs Q2 FY20 (pre pandemic)

technology to drive efficiency, scale and productivity is

reduced by 35% at a standalone level and 24% at a consolidated basis

helping drive the rapid pace of recovery across lines of

business as well as geographies. The robust demand we

are witnessing for travel across segments gives us the

confidence of a profitable FY23!”

Standalone

Consolidated

Income from Operations

Rs 3,643 mn

Rs 2,979 mn in Q1 FY23 Rs 497 mn in Q2 FY22

PBT

Rs 193 mn

Vs Rs 59 in Q1 FY22 & Loss of Rs 249 mn in Q2 FY22

Income from Operations

Rs 12,219 mn

v/s Rs 9,762 mn in Q1 FY23 Rs 3,300 mn in Q2 FY22

PBT

Cash and Bank balances

Rs 49 mn Vs Loss of Rs 23 mn in Q1 FY23 Rs 1,100 mn in Q2 FY22

Rs 9,135 mn as on 30 Sep,2022

Rs 8,500 mn as on 30 June,2022

Rapid recovery and growth registered across businesses (turnover):

Business Segments

Foreign Exchange

Travel Services Overall

Travel Services – India (Holiday, MICE & Corporate Travel)

Travel Services Destination Management Services (DMS) (India & International)

Leisure Hospitality & Resorts business (Sterling Holidays)

Digital Imaging Solutions (DEI)

Q2 FY23 Recovery Vs Pre pandemic

Q2 FY23 Growth YoY

Q2 FY23 Growth QoQ

82%

78%

83%

100%

141%

130%

149%

309%

355%

452%

27%

100%

12%

26%

18%

52%

(24%)

20%

Update on Business operations : Forex

Card Loads (USD mn)

New Cards Issued

Wholesale

Retail

• Banks and large

financial institution

• Forex agents

• Prepaid cards • FX for leisure • FX for Corporates • Airports

Remittance

•

International Money Transfer • Remittance To

India

4.8X

1.1X

• Growth of 29%

over pre pandemic • ~ 65K new cards in

Q2 FY23

9.3X

1.4X

Forex

Q1 FY23

Q2 FY23

Q3 FY23 (e)

66% Recovery from Q1 FY20

82% Recovery from Q2 FY20

90% Recovery from Q3FY20

Revenue from Operations Rs mn

639

479

246

EBIT Rs mn

205

112

(27)

Q2FY22

Q1FY23

Q2FY23

Q2FY22

Q1FY23

Q2FY23

 

Retail recovery at over 95% of pre pandemic levels Overseas education segment saw a growth of 60% q-o-q

Q2 FY22 Q1 FY23 Q2 FY23

Total Transactions grew by 26% q-o-q; recovery of 62% Vs pre pandemic

First Non Bank Miles Partnership in FX prepaid space

TCIL’s overall market share in the prepaid card segment : ~ 24%

Digital Progress

Digital Forex Center Adoption rate

FX Mate tool Adoption rate

Q2FY22

Q1FY23

Q2FY23

10%

Q2FY22

Q1FY23

10%

Q2FY23

Digital Forex Center

Total Retail Trxs

FX Mate tool

Total Channel trxn

Update on Business operations : Travel & Related Services

Overall Travel Recovery

Q1 FY23

Q2 FY23

Q3 FY23 (e)

44% Recovery from Q1 FY20

78% Recovery from Q2 FY20

79% Recovery from Q3FY20

Revenue from Operations Rs mn

EBIT Rs mn

8,993

6,750

-178

1,536

(847)

Q2FY22

Q1FY23

Q2FY23

Q2FY22

Q1FY23

Q2FY23

Update on Business operations : Travel & Related Services

Corporate Travel

Q1 FY23

87% Recovery from Q1 FY20

Q2 FY23

Q3 FY23 (e)

121% Recovery from Q1 FY20

104% Recovery from Q1 FY20

Corporate Travel: o Acquisition of over 10 new accounts, including 5 large institutional accounts, across Banking, Media & Entertainment, Telecommunications, Automobile & Tyre manufacturing, etc.

o Over 70% adoption by clients on the corporate self-

booking tool

DMS^ Travel segment Recovery

Q1 FY23

68% Recovery from Q1 FY20

Q2 FY23

Q3 FY23 (e)

100% Recovery from Q1 FY20

80% Recovery from Q1 FY20

Domestic Holidays

Q1 FY23

78% Recovery from Q1 FY20

Q2 FY23

Q3 FY23 (e)

84% Recovery from Q1 FY20

89% Recovery from Q1 FY20

International Holidays

Q1 FY23

18% Recovery from Q1 FY20

Q2 FY23

Q3 FY23 (e)

45% Recovery from Q1 FY20

65% Recovery from Q1 FY20

Leisure Travel: o Marked improvement in sequential recovery Vs pre

pandemic levels to 47% from 22% in Q1 FY23 o Over 8,600 passengers travelled during Q2 FY23.

Operated approx. 300 groups

o With over 6800 booked customers since restart - the

highest sellers of Cordelia Cruises

MICE

Q1 FY23

44% Recovery from Q1 FY20

Q2 FY23

Q3 FY23 (e)

87% Recovery from Q1 FY20

86% Recovery from Q1 FY20

MICE: o Over 200 corporate groups of 100 to 3000 delegates

were successfully operated across India & international destinations

o Strong resurgence in demand for domestic and

outbound corporate groups; robust forward pipeline

Travel Corporation (India) Limited: • Revival witnessed this quarter with majority accounts having restarted;

rest by 2023.

• Charter segment to revive this season. Impact due to non-availability of

e-visas for UK is levelling, with full revival expected by next year.

Desert Adventures: • Q2 FY23 being summer season (higher temperatures) expectedly

witnessed lower volumes Vs the previous quarter.

• While CIS countries continued to provide good volumes, pickup in FIT (individual traveller) segment was witnessed from India. MICE has shown healthy volumes

Private Safaris (East Africa): • Robust sales in Q2 FY23 with the return of peak season. • Healthy volumes were generated from markets such as USA, UK and

Germany.

Allied TPro (USA): • Sales in Q2 FY23 surpassed pre pandemic levels; USA witnessed a strong

quarter primarily driven by the European market.

• Entered into a 50:50 joint venture agreement with New World Travel,

Inc on October 31, 2022.

Asian Trails (Asia Pacific): • Gradual increase in sales witnessed due to re-opening of major destinations (e.g. Thailand, Cambodia, Singapore, Indonesia and Vietnam).

^ India & International

Update on Business operations: Leisure Hospitality (Sterling Resorts)

Revenue from Operations Rs mn

1,025

782

618

EBIT Rs mn

324

106

Q2FY22

Q1FY23

Q2FY23

Q2FY22

Q1FY23

Q2FY23

Sterling V Grand Madurai

Sterling Park Kalimpong Hero

Resort Occupancy

53% v/s 46% in Q2 FY22

Average Room Rate (ARR)

Rs 5,718 23% increase y-o-y 54% from pre-pandemic period

Guest ratio

62% v/s 53% in Q2 FY22

Network

37 Resorts; 2,297 rooms 15 Owned resorts, 10 Leased resorts & 12 Management contract

Membership Business

Units sold: 416 for the quarter vs 473 last year Onsite sales moves up. 51% from 32% of previous year AUR higher by 12% over previous year

Awards

•

• •

Sterling received Tamil Nadu Tourism Award (Best Leisure hotel) Asia’s Excellence Awards 2022 at CMO Asia Awards Best of Bharat Award from e4Media

Leisure Hospitality (Sterling Resorts) : Network

Hill Station

Beach

Waterfront

Heritage

Jungle

Adventure

North

•Mussoorie •Nainital •Kufri •Manali

East

•Darjeeling •Gangtok •Kalimpong

•Rishikesh •De Laila - Srinagar

•Corbett •Kanha •Sariska

•Puri

West

•Lonavala •Mount Abu

•Goa –Varca •Karwar

South

•Anaikatti •Munnar •Yelagiri •Yercaud •Ooty – Elk Hill •Ooty – Fern Hill •Kodai – Lake •Kodai - Valley

•Rudra Gir

GIR

NATURE TRAILS

•Sajan (NT) •Durshet (NT) •Dabhosa (NT) •Kundalika (NT)

•Palavelli - Godavari •Alleppey

•Guruvayur •Thiruvanna malai •Madurai

•Thekkady

•Wayanad

SRINAGAR

MANALI

KUFRI

DARJEELING

GANGTOK

MUSSOORIE

RISHIKESH

NAINITAL

CORBETT

KANHA

PURI

GODAVARI

SARISKA

MOUNT ABU

LONAVALA

GOA

KARWAR

WAYANAD

GURUVAYUR OOTY

YELAGIRI

YERCAUD

TIRUVANNAMALAI

ANAIKATTI

MUNNAR

ALLEPPEY

MADURAI

KODAIKANAL

THEKKADY

Update on Business operations : Digiphoto Entertainment Imaging Ltd. (DEI)

Revenue from Operations Rs mn

EBIT Rs mn

1,805

1,507

106

901

Q2FY22

Q1FY23

Q2FY23

Q2 FY22

Q1 FY23

Q2 FY23

(108)

Key Highlights

•

DEI inked 4 new agreements with Trans Snow World Surabaya in Indonesia, Snow

Kingdom Hyderabad in India, Southern Christmas Show in the USA and Adventure

Park in the UAE

DEI renewed its association with 5 partners, including Mandai Wildlife Reserve in

Singapore; Outrigger Beach Resort and JW Marriott Resort in Mauritius; Mövenpick

Resort Kuredhivaru in the Maldives and Wild Wadi Waterpark in the UAE

5 of DEI’s partnerships went operationally LIVE this quarter: Adventure Park and

Modesh World in the UAE; Club Med Cherating in Malaysia and Alila Kothaifaru and

Le Méridien in the Maldives

Imaging Services & Solutions

Experiences first. Memories second

Global Presence

3 Continents 19 Countries 130 Partners

Marquee Partnerships

Trusted by leading brands in the world

Technology expertise to drive business outcomes

Aligned with evolving consumer, industry & technology trends

An evolved guest Journey

Delivering an integrated and frictionless guest experience

Digiphoto Entertainment Imaging Ltd. (DEI) : Network

USA

BAHAMAS

CHINA MAINLAND

EGYPT

KUWAIT

DUBAI GLOBAL HQ

INDIA

SOUTH KOREA

HONG KONG SAR MACAU SAR

OMAN

BANGLADES H

MALDIVES

SINGAPORE MALAYSIA INDONESIA THAILAND

CONGO

MAURITIUS

Digiphoto Entertainment Imaging Ltd. (DEI) : Marquee partnerships

UAE  Atlantis Dubai  Inside Burj Al Arab  Ferrari World Abu Dhabi  At the Top, Burj Khalifa  Yas Waterworld  Jumeirah Beach Hotel  Expo 2020  Ski Dubai  Snow Penguins  Warner Bros. Abu Dhabi  Dubai Miracle Garden  IMG Worlds of Adventure  Wild Wadi Waterpark  Arabian Adventures  Qasr Al Watan  Dubai Frame  Sheikh Zayed Grand Mosque  MotionGate  The View at the Palm  Hilton Ras Al Khaimah Beach

Resort and Spa  Bollywood Parks  Global Village  LEGOLAND Dubai  National Aquarium Abu Dhabi  Museum of the Future

Hong Kong SAR

 Ngong Ping 360

Maldives

 Anantara Maldives Resorts  Constance Moofushi Maldives  InterContinental Maldives

Maamunagau Resort, an IHG Hotel  JW Marriott Maldives Resort & Spa  The St. Regis Maldives Vommuli

Resort

 Sheraton Maldives Full Moon Resort

& Spa

 The Westin Maldives Miriandhoo

Resort

 Taj Exotica Resort & Spa  The Residence Maldives  Velassaru Maldives  W Maldives

China  Universal Beijing Resort  Shanghai Disney Resort  Atlantis Sanya

South Korea

 LEGOLAND Korea

Singapore

 Universal Studios Singapore  Marina Bay Sands  Mandai Wildlife Reserve  S.E.A. Aquarium  Jurong Bird Park  Mount Faber Peak  Resorts World Sentosa

Indonesia

 Waterbom Bali  Trans Studio  Trans Snow World  Bali Zoo  Bali Bird Park  JungleLand Adventure

Theme Park  Jakarta Aquarium  Mandapa, a Ritz-Carlton

Reserve

Malaysia

 Petronas Twin Towers  Aquaria KLCC  Sunway lagoon  Penang Hill  Langkawi Skycab

Digiphoto Entertainment Imaging Ltd. (DEI) : Marquee partnerships

Thailand

 Ramayana Waterpark  Vana Nava Waterpark  Aquaria Central Phuket  Andamanda Phuket

Macau SAR

 The Venetian Macao  The Parisian Macao  Macau Tower

The Bahamas

 Atlantis Paradise Islands

Kuwait

 Kidzania

Mauritius

 Shanti Maurice Resort & Spa

 Outrigger Mauritius

Beach Resort  Heritage Le Telfair Golf & Wellness Resort

 JW Marriott

Mauritius Resort

India

 Ramoji Film City  Snow World  Marine Kingdom  Snow Kingdom  Wonder La  Bounce Inc

Egypt

 Ski Egypt  Kidzania  Snow City

USA

 360 Chicago  Gaylord Hotels  Hard Rock Café  Mangos Tropical Café  The Incline Railway  The Henry Ford Museum  Rock City  Anakeesta  Great Smokey Mountain Wheel  Delta River Boats  Gulfarium

Oman

 Oman Aquarium

DR Congo

 Aqua Splash

Q2 & H1 FY23 Performance

Results – Q2 & H1 FY23 Consolidated

Particulars (Rs. mn)

Q2 FY23

Q1 FY23

Q2 FY22

Income from Operations

12,219.3

9,761.7

3,300.7

Other Income

i. Mark to market gain on Investment

ii. Others

131.4

136.4

123.7

88.9

Total Income from Operations

12,350.7

9,898.1

3,513.2

Expenses

- Cost of services - Employee benefits expense - Other expenses

i. Mark to market loss on Investment

ii. Others Total Expenses

EBITDA

Depreciation / Amortization

EBIT

Interest and Finance cost

Exceptional Items

PBT

Tax expense PAT

8,776.5 1,915.7

(38.8)

1,149.5

11,802.9

547.8

313.8

234.0

185.2

48.8

48.9

(0.1)

6,640.9 1,698.6

56.3

1,003.8

9,399.6

498.5

304.8

193.7

196.5

(20.2)

(23.0)

35.3

(58.4)

1,957.5 1,470.8

696.8

4,125.0

(611.8)

327.3

(939.1)

160.8

(1,100)

(247.2)

(852.7)

y-o-y

270%

48%

252%

348% 30%

65%

186%

(4%)

15%

H1 FY23

21,981.1

267.8

22,248.8

15,417.4 3,614.2

17.5

2,153.3

21,202.5

1,046.3

618.6

427.7

381.7

(20.2)

25.7

84.2

(58.5)

H1 FY22

6,180.9

282.1

207.3

6,670.3

3,829.7 2,931.9

1,328.7

8,090.4

(1,420.0)

648.6

(2,068.6)

278.5

(2,347.2)

(557.5)

(1,789.6)

y-o-y

256%

29%

234%

303% 23%

62%

162%

(5%)

37%

Results – Q2 & H1 FY23 Consolidated

Particulars (Rs. mn)

Q2 FY23

Q1 FY23

Q2 FY22

y-o-y

H1 FY23

H1 FY22

y-o-y

Segment Revenue

(a) Financial Services

638.7

479.4

245.9

(b) Travel and Related Services

8,993.2

6,750.4

1,535.8

782.3

1,025.3

618.1

(d) Digiphoto Imaging Services

1,805.2

1,506.7

900.9

12,219.3

9,761.7

3,300.7

204.7

111.5

(27.0)

(178.1)

(846.9)

Total

Segment Results (EBIT)

(a) Financial Services

(b) Travel and Related Services

(d) Digiphoto Imaging Services

Total

Less : Interest and Finance expenses

Less : Common Expenditure

PBT before exceptional

Add: Exceptional Items

PBT

34.4

43.6

90.1

372.9

185.2

138.9

48.8

160%

486%

27%

100%

270%

1,118.1

396.2

15,743.6

3,124.4

182%

404%

1,807.5

1,032.7

75%

3,311.9

1,627.6

21,981.1

6,180.9

103%

256%

316.3

(132.6)

(143.7)

(1,692)

324.2

105.9

(59%)

367.9

136.9

169%

106.0

363.7

196.5

170.0

(2.8)

(20.2)

(23.0)

(108.3)

(876.2)

160.8

62.8

(1,100)

15%

121%

196.1

736.6

381.7

308.9

(218.7)

(1,906.4)

278.5

162.3

46.0

(2,347.2)

(20.2)

25.7

(2,347.2)

37%

90%

For further information please contact

Debasis Nandy President and Group CFO Tel: +91 22 4242 7000 Email: Debasis.Nandy@thomascook.in

Urvashi Butani General Manager- Investor Relations Tel: +91 22 4242 7095 Email: Urvashi.Butani@thomascook.in

Corporate Identification No: L63040MH1978PLC020717 Investor e-mail id: sharedept@thomascook.in Regd. Office: Thomas Cook India Ltd, Marathon Futurex, A Wing, 11Th & 13th Floor, N.M. Joshi Marg, Lower parel (E), Mumbai 400013 Website : www.thomascook.in

About Thomas Cook (India) Limited: Set up in 1881, Thomas Cook (India) Ltd. (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa and Passport services and E-Business. It operates leading B2C and B2B brands including Thomas Cook, SOTC, TCI, SITA, Asian Trails, Allied T Pro, Australian Tours Management, Desert Adventures, Luxe Asia, Kuoni Hong Kong, Sterling Holiday Resorts Limited, TC Forex, Distant Frontiers, TC Tours, TC Visa, Travel Circle International Limited, Ithaka, Digiphoto Entertainment Imaging (DEI), Private Safaris East & South Africa.

Disclaimer

 This presentation has been prepared by Thomas Cook (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs

of any particular person. This presentation may not be copied, distributed or disseminated, directly or indirectly, in any manner. Failure to comply with this directive may result in a violation of the applicable law in certain jurisdictions.

 This presentation does not constitute or form part of and should not be construed as, directly or indirectly, any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company by any person in any jurisdiction, including in India, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any investment decision or any contract or commitment therefore

 This presentation contains statements that may constitute forward looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its

directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ''expects", "plans", 'will", "estimates", "projects", or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward looking statements. This presentation may contain certain currency exchange rates and the same have been provided only for the convenience of readers. No representation is made that the Rupee amounts actually represent such USD amounts or could have been, or could be, converted into USD at the indicated rates

 This presentation is not a complete description of the Company and may not be all inclusive and may not contain all of the information that you may consider material. The information contained in this presentation has not been independently verified. No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this presentation. Viewers of this presentation must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. Such information and opinions are in all events not current after the date of this presentation. Further, past performance is not necessarily indicative of future results. Any opinions expressed in this presentation or the contents of this presentation are subject to change without notice. This presentation should not be construed as legal, tax, accounting, investment or other advice

 Any person placing reliance on the information contained in this presentation or any other communication by the Company does so at his or her own risk and none of the Company nor any of its affiliates,

advisers or representatives, any placement agent, promoters or any other persons that may participate in any offering of any securities of the Company shall have any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions, insufficiencies or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation

 This presentation has not been and will not be registered as a prospectus with any Registrar of Companies in India. This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement, a private placement offer letter or an offer document under the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law

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Thomas Cook (India) Limited has informed the Exchange about Investor Presentation

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