Chalet Hotels Limited

rs,

), Mumbai 400 051. Scrip Code: CHALET Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001. Scrip Code: 542399 Dear Sir / Madam, Subject: Investor /

90%

Investor Presentation Q3FY23 Looking upwards and onwards Passenger traffic recovery ~90% for Oct-Nov 2022 vs pre-Covid times Direct flights resumed between India-US (Currently 9 per week

Rs 10

ugurated in Goa and new Terminal in Bengaluru 2 Sustained growth momentum in Q3FY23 ADRs crossed Rs 10k for the quarter ADR Rs 10,168 +11% vs Q3FY20 +28% vs Q2FY23 At all time high Hospitality R

Rs 10,168

al in Bengaluru 2 Sustained growth momentum in Q3FY23 ADRs crossed Rs 10k for the quarter ADR Rs 10,168 +11% vs Q3FY20 +28% vs Q2FY23 At all time high Hospitality Revenue Hospitality EBITDA Consolida

11%

ru 2 Sustained growth momentum in Q3FY23 ADRs crossed Rs 10k for the quarter ADR Rs 10,168 +11% vs Q3FY20 +28% vs Q2FY23 At all time high Hospitality Revenue Hospitality EBITDA Consolidated

28%

growth momentum in Q3FY23 ADRs crossed Rs 10k for the quarter ADR Rs 10,168 +11% vs Q3FY20 +28% vs Q2FY23 At all time high Hospitality Revenue Hospitality EBITDA Consolidated Revenue* Consol

Rs 2,654

ll time high Hospitality Revenue Hospitality EBITDA Consolidated Revenue* Consolidated EBITDA* Rs 2,654 mn Rs 1,085 mn Rs 2,955 mn Rs 1,193 mn +6.2% vs Q3FY20 +0.3% vs Q3FY20 +3.9% vs Q3FY20 +0.3%

Rs 1,085

Hospitality Revenue Hospitality EBITDA Consolidated Revenue* Consolidated EBITDA* Rs 2,654 mn Rs 1,085 mn Rs 2,955 mn Rs 1,193 mn +6.2% vs Q3FY20 +0.3% vs Q3FY20 +3.9% vs Q3FY20 +0.3% vs Q3FY20 +1

Rs 2,955

Revenue Hospitality EBITDA Consolidated Revenue* Consolidated EBITDA* Rs 2,654 mn Rs 1,085 mn Rs 2,955 mn Rs 1,193 mn +6.2% vs Q3FY20 +0.3% vs Q3FY20 +3.9% vs Q3FY20 +0.3% vs Q3FY20 +19% vs Q2FY23

Rs 1,193

itality EBITDA Consolidated Revenue* Consolidated EBITDA* Rs 2,654 mn Rs 1,085 mn Rs 2,955 mn Rs 1,193 mn +6.2% vs Q3FY20 +0.3% vs Q3FY20 +3.9% vs Q3FY20 +0.3% vs Q3FY20 +19% vs Q2FY23 +34% vs Q2FY

6.2%

Consolidated Revenue* Consolidated EBITDA* Rs 2,654 mn Rs 1,085 mn Rs 2,955 mn Rs 1,193 mn +6.2% vs Q3FY20 +0.3% vs Q3FY20 +3.9% vs Q3FY20 +0.3% vs Q3FY20 +19% vs Q2FY23 +34% vs Q2FY23 +18%

0.3%

venue* Consolidated EBITDA* Rs 2,654 mn Rs 1,085 mn Rs 2,955 mn Rs 1,193 mn +6.2% vs Q3FY20 +0.3% vs Q3FY20 +3.9% vs Q3FY20 +0.3% vs Q3FY20 +19% vs Q2FY23 +34% vs Q2FY23 +18% vs Q2FY23 +36% v

“* RBI 12 02 Project Update Ongoing Projects – Rental & Annuity The Commercial Tower in Marriott Complex, Whitefield, Bengaluru is a premium office space with leasable area ~0.66 msf.”

“4,250 mn estimated cost to completion ❖ Project expected to be completed by FY26 Approval in place from existing customers for revised plans Revised Development Plans (Subject to necessary approvals) Residential Sold Unsold Commercial (lac Sqft) No Of Units 321 83 238 8.5 2.8 5.7 1.5 Received BBMP approval.”

Subject

1

Note

1

Subject

Investor / Analyst Presentation in respect of the Unaudited Financial Results for the quarter and nine months ended December 31, 2022 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we are attaching herewith a copy of the presentation prepared by the Company for the earnings call scheduled to be held today i.e. on Tuesday, January 24, 2023 at 4.30 p.m. (IST), in respect of the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2022, which have been approved by the Board of Directors of the Company at its meeting held earlier today. We request you to take the above information on record. Thanking You. Yours faithfully, For Chalet Hotels Limited Christabelle Baptista Company Secretary and Compliance Officer Encl.: As above Chalet Hotels Limited Regd. Off. : Raheja Tower, Plot No.C-30, Block ‘G’, Next to Bank of Baroda

Note

*During the quarter, the Company has accounted for Rs 263 mn as "Other Income" on account of change in the estimated cash outflows for redemption of 0% NCRPS with respect to the Koramangala Project ^ YoY Vs same period FY20 Hospitality Rental / Annuity business Others 5 Consistent outperformance November 2022 ADR at 10-year high ADR (Rs.) Occupancy % RevPar (Rs.) 8 6 1 , 0 1 1 0 2 , 9 8 7 0 , 8 7 5 4 , 7 1 5 8 , 7 0 3 9 , 7 4 3 8 , 0 1 4 6 1 , 0 1 1 5 1 , 0 1 3 0 8 , 8 4 8 2 , 9 7 0 5 , 8 75% 74% 75% 83% 71% 70% 78% 71% 65% 55% 77% 64% 3 6 8 , 6 0 4 6 , 6 0 7 0 , 6 4 9 7 , 5 2 0 8 , 5 0 5 6 , 5 9 2 4 , 8 2 4 3 , 8 4 3 5 , 6 2 3 1 , 6 7 7 0 , 6 0 0 1 , 5 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Q1 Q2 Q3 Oct Nov Dec Q1 Q2 Q3 Oct Nov Dec Q1 Q2 Q3 Oct Nov Dec FY20 FY23 Breached Rs 10k mark FY23 FY20 FY20 FY23 6 Hospitality Revenue and EBITDA Margin Consistently over pre-pandemic Q3FY23 Revenue 7% 34% 3000 2500 2000 1500 59% 2,198 39% 2,046 37% 2,498 43% 1,082 1000 854 749 Ro