Mahindra Holidays & Resorts India Limited

rs,

Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. Symbol: MHRIL BSE Limited Floor 25, PJ Towers, Dalai Street, Fort, Mumbai - 400 001. Scrip Code: 533088 Dear Sir/Madam, Sub.: Earnings Presen

3 %

7.2 6.0 5.9 3 - 5.2 ~ 1~ ~ 3.9 Annual Household income (Rs mn) >2.8 High 9Mn (3 %) 0.5 - 2.8 0.2 - 0.5 <0.2 Lower mid 85Mn (29%) Low 134Mn (45%) Lower mid 119Mn (31%)

29%

ousehold income (Rs mn) >2.8 High 9Mn (3 %) 0.5 - 2.8 0.2 - 0.5 <0.2 Lower mid 85Mn (29%) Low 134Mn (45%) Lower mid 119Mn (31%) Low 92Mn (24%) 2021 2030 India to become the

45%

s mn) >2.8 High 9Mn (3 %) 0.5 - 2.8 0.2 - 0.5 <0.2 Lower mid 85Mn (29%) Low 134Mn (45%) Lower mid 119Mn (31%) Low 92Mn (24%) 2021 2030 India to become the 3rd largest economy

31%

(3 %) 0.5 - 2.8 0.2 - 0.5 <0.2 Lower mid 85Mn (29%) Low 134Mn (45%) Lower mid 119Mn (31%) Low 92Mn (24%) 2021 2030 India to become the 3rd largest economy by 2030 Growth rate of

24%

0.2 - 0.5 <0.2 Lower mid 85Mn (29%) Low 134Mn (45%) Lower mid 119Mn (31%) Low 92Mn (24%) 2021 2030 India to become the 3rd largest economy by 2030 Growth rate of discretionary spe

19%

o become the 3rd largest economy by 2030 Growth rate of discretionary spends is expected to be at 19% (2022-2030E) vs 6% in essential spends Consumer, lifestyle and e-commerce sectors are expected t

6%

est economy by 2030 Growth rate of discretionary spends is expected to be at 19% (2022-2030E) vs 6% in essential spends Consumer, lifestyle and e-commerce sectors are expected to incrementally cont

30%

ntial spends Consumer, lifestyle and e-commerce sectors are expected to incrementally contribute ~30% of total GDP addition by 2030 Source: Oxford Economics, S&P Global, WEF/Future of Consumption rep

INR 3.68

at Indian weddings, adding a significant quantum of revenue- Indian wedding industry estimated at INR 3.68 trillion & growing steadily Increase spends on travel Traveler Preference towards Experiences

3 Lakh

sists of .. _[ ___ ··_· w_it_h_u_n_iq_u_e_c_o_m_p_e_t_it_iv_e_a_d_v_a_n_t_a_g_e_s ______ ] @ ~3 Lakh+ members ® 2,000+ curated expenences ® © @ Strong free cashflows Ci) Strong Brand f

80%

s Happy Hub, Spa, etc) Immersive family experiences Consistently High occupancies across seasons (80%+) 10 5,698 rooms across 126 Resorts 33 Timeshare/Spa Hotel Destinations in Europe .~ ~ C

“15% 03 FY24 03 FY25 03 FY24 03 FY25 03 FY24 03 FY25 * Post-Tax gain in Q3FY24 due to Forex (Rs 2 Cr) & Income Tax (Rs 20 Cr) vs Rs 2 Cr Forex loss in Q3FY25 Consistent growth in Deferred Revenue pool .~ ~ ClubMahindra Deferred Revenue Pool (Rs.”

“Cr) 5083 FY22 723 5326 FY23 767 5595 5722 FY24 03 FY25 807 817 Customer Acquisition .~ ~ ClubMahindra Member Additions AUR* (Rs Lakh) Sales Value (Rs Cr) i---i -36% 1---1 -----1 37% 1---7• I I I I I I 4708 I I I I I I ..”

“Ph2 completion in FY26 Treehouse Jaipur Ph2 (39 keys) Ph2 completion in FY26 .~ ~ ClubMahindra 19 • • HCR - A Leading Timeshare Company .~ ~ ClubMahindra HCR's business consists of ..”

“33.5 ~---7 I • 34.2 03 FY24 -1.0 03 FY25 --0.5 03 FY24 03 FY25 03 FY24 03 FY25 -1.8 -1.7 Steady performance despite multiple economic headwinds Financials are as per Finnish Accounting Standards (FAS) CLUB MAHINDRA POOVAR KERALA .~ ~ ClubMahindra Consolidated Q3 FY25 Financials 24 Consolidated Financials Rs.”

Rooms - upgrades to larger room sizes

1

Rooms - upgrades to larger room sizes

Product - Shorter tenure to Higher tenure Resort Income (F&B, Experiences such as Happy Hub, Spa, etc) Immersive family experiences Consistently High occupancies across seasons (80%+) 10 5,698 rooms across 126 Resorts 33 Timeshare/Spa Hotel Destinations in Europe .~ ~ ClubMahindra Standalone Performance CLUB MAHINDRA ASHTAMUDI KERALA 12 03 Performance Snapshot .~ ~ ClubMahindra Membership Sales Value1 Member Base Inventory Rs. 6.16 lakhs (+37% YoY) Average Unit Realization (AUR) 3,03,747 Cumulative Member Base 5698 keys Cumulative Inventory Base Rs. 185 Cr (-13% YoY) Sales Value 3,000 (-36% YoY) Member Additions 206 keys Inventory Addition Standalone Income Standalone Profit Cash Surplus Rs. 391 Cr (+5% YoY) Total Income Rs. 51 Cr (-25% YoY) PAT* Rs. 1482 Cr (+14% YoY) Treasury balance Rs. 107 Cr (+12% YoY) Resort Revenue2 13% PAT Margin 7.7% p.a. yield * Post-Tax gain in O3FY24 due to Forex (Rs 2 Cr) & Income Tax (Rs 20 Cr) vs Rs 2 Cr Forex loss in O3FY25 Note: 1. Sales Value and Aver