The Indian Hotels Company Limited
4,810words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
₹
10,000 Crore
₹
1,000 Crore
1.5X
2.8X
3.5X
rs
4
32.7%
17.4%
23.9%
19.9%
17.6%
Guidance — 1 items
Non Operating Revenue includes
opening
“Although we believe the expectations reflected in such forward looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ.”
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Speaking time
1
1
1
Opening remarks
REVPAR GROWTH IN KEY INTERNATIONAL MARKETS
HELPING INTERNATIONAL PORTFOLIO TURN PROFITABLE 127% 414 326 97% 104% 388 398 280 269 144% 192 133 Dubai Maldives USA UK International Hotels RevPAR in $ FY 2022/23 FY 2019/20 34 CONTINUED FOCUS ON CHAMBERS HIGH MARGIN BUSINESS 2,600 Total Chambers Members 150+ New Members Added in 2022/23 ₹95+ crs 52% Revenue growth from 19/20 > 80% Flow through 35 SHARP FOCUS ON PRODUCTIVITY →MARGIN EXPANSION RAW MATERIAL COSTS AS % OF F&B REVENUE PAYROLL COSTS AS % OF REVENUE 21.4% 22.2% 33% 27% FY 2019/20 FY 2022/23 FY 2019/20 FY 2022/23 Costs as a percentage of consolidated revenues OTHER OPERATING COSTS AS % OF REVENUE CORP. OVERHEAD AS % OF REVENUE 30% 28% 8.6% 5.8% FY 2019/20 FY 2022/23 FY 2019/20 FY 2022/23 36 REVENUE DRIVERS SUMMARY 12M Vs Pre Covid NEW HOTELS / NEW BRANDS & BUSINESSES ₹ 1,353 crs +29% ~75% growth from existing hotels ₹ 330 crs 37 NEW BUSINESSES & ASSET MANAGEMENT ACTIVITIES CONTRIBUTING TOWARDS MARGIN EXPANSION 12M Vs Pre Covid NEW HOTELS / NEW BRANDS & BUSINESSES 8.7 pp vs
Non-Operating Revenue includes
Gain on Sale of Flats Gain on Sale of Sakatpur Land / Gurgaon Land Interest income on Income tax refund Lease Rent Concessions - - - - - - - - - - 16 - - 16 6 22 37 4 ACTUAL 12M PY 21/22 - (9) 12 - 3 4 33 5 - 6 2 7 - 16 6 22 37 22 PY 19/20 (20) - 61 - 40 25 - - - PY 19/20 (22) 61 2 41 87 - - - 46 IHCL CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 2023 ₹ /crores Non Current Assets Fixed Assets Right to use Assets Goodwill Investments Other Non Current Assets Current Assets Total Assets Equity Equity Share Capital Other Equity Minority Interest Long Term Liabilities Borrowings Lease Liability Other Long Term Liabilities Current Liabilities Total Equity & Liabilities 47 March 31, 2023 March 31, 2022 6,618 1,879 654 1,134 794 2,590 13,669 142 7,840 660 818 2,321 301 1,587 13,669 6,473 1,513 623 1,064 742 2,674 13,089 142 6,920 593 1,985 1,903 222 1,324 13,089 12M 2022/23 - Revenue Metrics (Domestic) Particulars Standalone Enterprise (Domestic) 12M 2022/23 12M 2019/20 12M 2022/23 12M 2019/20 O
Non Operating Revenue includes
Gain on Sale of Flats Gain on sale of Gurgaon Land Gain on transfer of AMA and Qmin brand to Ideal Ice Interest income on Income tax refund Lease Rent Concessions - - (19) 3 - - - - (34) (1) - - (20) 54 (42) - (1) - - (22) - - - 6 - (56) (7) - - (16) (35) (10) (22) (57) - - - - 6 22 - 37 3 25 - - - 4 - 5 - 6 22 10 37 16 (22) 54 (69) (1) 21 (16) 87 - - - 59 IHCL STANDALONE BALANCE SHEET AS AT MARCH 31, 2023 ₹ /crores Non Current Assets Fixed Assets Right to use Assets Investments Other Non Current Assets Current Assets Total Assets Equity Equity Share Capital Other Equity Long Term Liabilities Borrowings Lease Liability Other Long Term Liabilities Current Liabilities Total Equity & Liabilities 60 MARCH 31, 2023 MARCH 31, 2022 2,696 897 5,576 555 2,056 11,780 142 8,697 449 1,097 253 1,142 11,780 2,538 826 4,877 565 2,326 11,132 142 7,958 943 1,004 171 914 11,132 MANPOWER / ROOM BY BRAND Enterprise (excl. Managed Hotels & Taj SATS) Staff to Room ratio 2.93 2.49 2.17 2.02 1.95 3.39 3.24 1.
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