Ventive Hospitality Limited has informed the Exchange about Investor Presentation
August 13, 2025
To, National Stock Exchange of India Corporate Service Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai -400051 NSE Symbol: VENTIVE
Dear Sir/Madam,
To, BSE Limited Corporate Relationship Department 1st Floor, New Trading Ring, Rotunda bldg., P.J. Towers, Dalal Street, Mumbai- 400001 Scrip Code: 544321
Sub:
Intimation under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations 2015 for Investor / Analyst Presentation.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we are enclosing herewith a copy of the presentation for the Conference Call scheduled to be held i.e. on Thursday, August 14, 2025 at 4.00 p.m. (IST), in respect of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025.
Request you to take same on record.
Thanking You,
For Ventive Hospitality Limited
Pradip Bhatambrekar Company Secretary and Compliance Officer Membership No: A25111
1
Q1 FY 2026 Earnings Update
August 2025
Ocean Pool House Deck, Anantara - Naladhu
11
Disclaimer
All subsidiaries were acquired in August 2024; therefore, the numbers presented in this presentation are based on proforma financial statements for FY25 unless otherwise specified.
Certain statements in this release concerning our future prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations.
These risks and uncertainties include, but are not limited to macroeconomic factors, geopolitical events affecting tourism and business travel, regulatory environment, our ability to manage growth, competition within the industry, various factors which may affect our profitability, such as, our ability to attract and retain highly skilled professionals, reduced demand for office space, our ability to successfully complete and integrate potential acquisitions, political instability, legal restrictions on raising capital, cyclicality and operating risks associated with the hospitality sector.
Ventive Hospitality Limited (“VHL”) may, from time to time, make additional written and oral forward-looking statements, including our reports to shareholders. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-looking statements.
22
Q1 FY26 Financial Highlights Double-Digit Growth in Hospitality Business: EBITDA Up 35%, International Business Leads the Surge
Consolidated(1)
Hospitality
Annuity
India
International
YOY GROWTH
YOY GROWTH
YOY GROWTH
YOY GROWTH
Revenue
INR 5,199 Mn
↑18%
INR 1,792 Mn
↑13%
INR 2,074 Mn
↑33%
INR 1,241 Mn
↑2%
EBITDA
INR 2,202 Mn
↑13%
INR 634 Mn
↑28%
INR 476 Mn
↑47%
INR 1,112 Mn
↑1%
EBITDA Margin
42%
↓2pp
44% ↑0.3pp
(2)
35%
↑4pp
23%
↑2pp
24% ↑3pp
(2)
90%
↓1pp
PAT
INR 379 Mn
(1) Consolidated revenue includes other income; Consolidated EBITDA is after netting off corporate office overheads (2) Same store, excluding Raaya by Atmosphere
Hospitality Revenue Breakup (INR Mn)
Room
F&B
Others
112
6%
14%
288
736
41%
39%
808
944
53%
978
47%
Breakup %
Breakup %
India
International
3 33
Q1 FY26 Consolidated Hospitality KPIs Strong ADR and F&B: Driving Double-Digit TRevPAR Growth
ADR (INR)
Occupancy (%)
RevPAR (INR)
TRevPAR (INR)
17,831
+9%
19,498
60.2
58.8
-1.4%
11,556
10,732
+8%
20,864
18,466
+13%
Q1 FY25
Q1 FY26
Q1 FY25
Q1 FY26
Q1 FY25
Q1 FY26
Q1 FY25
Q1 FY26
Raaya by Atmosphere operates under an all-inclusive concept, hence excluded from ADR and RevPAR metrics
44
Q1 FY26 India Hospitality KPIs Robust Pricing and F&B Growth: Helped Overcome Geo-Political Headwinds
ADR (INR)
Occupancy (%)
RevPAR (INR)
TRevPAR (INR)
11,273
10,217
+10%
62.3
60.5
-1.8%
6,361
6,822
+7%
12,946
11,457
+13%
Q1 FY25
Q1 FY26
Q1 FY25
Q1 FY26
Q1 FY25
Q1 FY26
Q1 FY25
Q1 FY26
55
Q1 FY26 International Hospitality KPIs Strong Momentum: Occupancy Expansion, Double-Digit TRevPAR Growth
Occupancy (%)
TRevPAR (INR)
53.8
53.9
51.1
+2.7%
54,354
49,101
+11%
44,251(1)
Q1 FY25 Q1 FY26 Q1 FY26 Incl. Raaya Same Store
Q1 FY25 Q1 FY26 Q1 FY26
Same Store
Incl. Raaya
(1) Effective January 1, 2025, the company acquired control of KIRPL, which owns Raaya by Atmosphere. Previously accounted for as a joint venture, Raaya by Atmosphere operates under an all-inclusive concept at a lower price point than our ultra-luxury resorts.
66
Q1 FY26 Annuity KPIs Reliable Returns : High Committed Occupancy and Stable Rental Income
Rent (INR psf/m)
Committed Occupancy (%)
117
117
97
97
Q1 FY25
Q1 FY26
Q1 FY25
Q1 FY26
77
Debt Position: Consistent Deleveraging: Lower Cost of Debt
Total Gross Debt (INR Mn)
35,727
JUNE 30, 2025
MARCH 31, 2025
INR Mn
23,055
21,883
Consolidated Gross Debt
Cash & Cash Equivalent
Consolidated Net Debt
Net Debt to Equity Ratio
Net Debt to EBITDA Ratio
21,883
5,094
16,789
0.3x
1.6x*
23,055
5,604
17,451
0.4x
1.7x
The company maintains AA rating (Stable) from CRISIL and PCPPL, a material subsidiary received an AA+ rating (Stable)
*TTM EBITDA
Pre-IPO
31st March 2025
30th June 2025
INR Debt (INR Mn)
USD Debt ( INR Mn)
21,089
13,401
12,642
$171M
14,638
$113M
9,654
$108M 9,241
Pre-IPO
31st March 2025
30th June 2025
Pre-IPO 31st March 2025
30th June 2025
Cost of debt % p.a
8.3
8.2
7.9
9.5
7.7
7.6
8 88
Consolidated Profit & Loss Statement
INR Mn
Q1 FY26
Q1 FY25
(1)
CHANGE YOY%
FY 2025
FY 2024
CHANGE YOY%
Revenue from Operations
Other Income
Total Income
Total Expenditure
EBITDA
EBITDA margin
Depreciation & Amortization
EBIT
EBIT margin
Financing Cost
Tax expense
Profit After Tax
5,075
124
5,199
2,997
2,202
42%
798
1,404
27%
601
424
379
4,350
63
4,413
2,469
1,944
44%
NA
NA
NA
NA
NA
NA
17%
97%
18%
21%
13%
-2%
-
-
-
-
-
-
20,784
811
21,595
11,473
10,124
47%
3,636
6,486
30%
4,013
1,496
18,421
653
19,074
10,376
8,698
46%
3,541
5,157
27%
4,285
836
(2)
483
(3)
(667)
13%
24%
13%
11%
16%
2%
3%
26%
11%
-6%
79%
-
(1) Depreciation, finance cost and tax expense are not determined for Q1 FY25 on proforma basis (2) Includes exceptional expense of INR 61 Mn and share of JV loss of 435 Mn (3) Includes JV loss of INR 703 Mn
99
Company Overview
1010
JW Marriott, Pune
India’s Largest Luxury Focused Hospitality Platform
80%
LUXURY FOCUS (1)
11
HOTELS
2,036
KEYS
3
COUNTRIES
₹12,946 / $517 Q1 FY26 TREVPAR IN INDIA / MALDIVES
3.4 Msf | 97% ANNUITY AREA & Q1 COMMITTED OCCUPANCY
(1) 80% of Company’s FY25 revenue was contributed by 5 luxury properties
1111
Strategic Alliances With Top Tier Brands
Strong Sales & Distribution
DIGITAL STRATEGIES FOR DEEPER CUSTOMER RELATIONSHIPS
High Repeat Business
Operational Excellence
LOYALTY PLATFORMS POWERED BY CUTTING EDGE TECHNOLOGY
ENHANCED PRODUCTIVITY THROUGH STREAMLINED PROCESSES
•Global, regional and property-based selling
•Bonvoy: 230+ Mn members
•Digital assets: Industry leading websites and apps
•Hilton Honors: 200+ Mn members
•Multilingual call centres offering 24/7 guest support
•Full integration with OTA platforms
•Best-in-class pricing strategies, inventory management and demand forecasting
•Shared services for higher efficiency
•Lean processes featuring global best practices
1212
Portfolio structured to deliver holistic growth
Well-Ringfenced, Geographically Diversified
ASSETS IN INDIA AND MALDIVES
Caters to Leisure as well as Business Travelers
HOTELS
• JW Marriott, Shivajinagar, Pune • The Ritz-Carlton, Yerwada, Pune • Marriott Suites, Koregaon Park, Pune • DoubleTree by Hilton, Chinchwad, Pune • Oakwood Residences, Naylor Road, Pune • Marriott Aloft ORR, Outer Ring Road, Bangalore • Courtyard by Marriott, Hinjewadi IT Park, Pune • Marriott Aloft Whitefield, Whitefield, Bangalore
Total Keys: India Hospitality
• Anantara, Dhigu, Veli and Naladhu Maldives • Conrad, Rangali, Maldives • Raaya by Atmosphere, Raaya, Maldives
Total Keys: Maldives Hospitality Total Keys
KEYS
415 198 200 115 83 191 153 166 1,521 197 151 167 515 2,036
Integrated Commercial & Retail Assets Feed the Hotel Business and Generate Steady Annuity Income
ANNUITY
• Business Bay, Yerwada, Pune • ICC Offices, Shivajinagar, Pune • Panchshil Tech Park, Hinjewadi IT Park, Pune • ICC Pavillion (Retail space), Shivajinagar, Pune
MSF
1.80 0.93 0.22 0.44
Total Annuity Assets
3.40 msf / 97% committed occupancy
1313
Curating differentiated guest experiences
Highlights of our F&B Portfolio
• Multiple award-winning restaurants across the portfolio
• 4 of our restaurants feature in the list of Pune’s Top 5
restaurants on Tripadvisor
• Proactive refurbishments and repurposing initiatives
enhancing customer experience
• Largest ballroom in Western India among luxury hotels, at JW
Marriott Pune
• Demonstrated turnaround capabilities (developed unutilized
terrace / repurposed restaurant)
Ukiyo – Best Japanese Restaurant, Ritz Carlton
Paasha – Best Rooftop Restaurant, JW Marriott
70+ Market
Leading F&B Offerings
Ithaa, Conrad – World’s first undersea restaurant
Dhoni Bar, Anantara
Spice Kitchen – Best Buffet Restaurant
1414
Longer Term Growth Strategy
Ithaa Undersea Restaurant, Conrad - Rangali
1515
Key enablers of long-term growth
1
Increasing Demand
• Rising inbound as well as outbound tourism
• Increased demand for hotel rooms in Pune and Bengaluru due to new
GCC / industrial set ups
• Improved access and greater business activity due to
upgraded airports in Pune & Male; Upcoming Navi Mumbai airport and better road connectivity
• Ventive’s luxury and upscale portfolio best positioned to benefit from
growth in high-end travel
• Higher business travel from GCC + high tech industrial
• Spare capacity enables better participation in the growth opportunity
growth
2
Constrained Supply
• Muted supply in India in luxury / upscale segments; no luxury
supply in Pune for next 5 years
• Supply-demand gap supports ARR growth
• High entry barriers in Maldives
3 New Developments and
Acquisitions
• Expansion into newer markets and segments
• Productive use of cash to drive growth
1616
Development pipeline
Eight Hotels | 1,582 Keys | India and Sri Lanka
Assets being developed by Ventive Hospitality
Four Hotels | 468 Keys
SRI LANKA
VARANASI
BENGALURU
MUNDRA
Pottuvil, a Ritz-Carlton Reserve
Varanasi Marriott Hotel
Render
Render
AC by Marriott
Render
Courtyard by Marriott Mundra
Render
Greenfield development with 73 keys and 80 branded residences
161-key brownfield development strategically located near airport
Rebranding and expansion from 166 to 200 keys
200-key greenfield development near Mundra port
Additionally, the Company is scouting for land parcels to develop luxury leisure resorts with branded residences
1717
Render
Development pipeline
ROFO Assets being developed by Promoter Group Four Hotels | 1,114 Keys
JW Marriott Navi Mumbai
450-key development near Navi Mumbai International Airport
Moxy Pune Wakad
264-key hotel part of a mixed-use development
Moxy Pune Kharadi
200-key hotel for new age business travelers
Moxy Navi Mumbai
200-key development adjacent to JW Marriott Navi Mumbai
1818
Inorganic growth Opportunities
Capacity
• Robust free cashflow generation;
Strong balance sheet
• Debt paydown after IPO -> Headroom for Leverage • India portfolio debt can be attributed to annuity
assets
Pipeline
evaluation
o Multiple acquisition opportunities under Multiple Acquisition Opportunities under Review
Vision to Develop 2,000 Keys over next 5 years: 1,582 in Pipeline + New Projects + Acquisitions
1919
Development + Acquisition strategy has driven 2x growth over last 5 years
Vision: To repeat this growth over the next 5 years
2,000+
4,000+
500+
1,582
166
191
546
167
2,036
415
115
200
S Y E K F O
.
O N
153
83
2007
2009
2010
2013
2016
2019
2021
2023
2024
Completed Keys
Pipeline
Total Keys
Acquisitions
New Developments
2020
ESG, Awards & Notes
Aasmana Rooftop Lounge & Bar, Ritz Carlton, Pune
2121
Environmental & Social Initiatives
1
Energy Initiatives
2
Preserving Environment
Coral planting at Conrad
• The Ritz Carlton Pune certified by U.S Green Building Council and has received Platinum LEED v4.1.
•
• The Ritz Carlton Pune and Courtyard by Marriott Hinjewadi Pune certified with ISO 14001:2015 ICC Tech Park, ICC Trade Tower and ICC Pavillion awarded the highest rating of Five Stars in the British Safety Council’s Occupational Health and Safety Audit.
• Coral Regeneration Program at Maldives resorts e.g. Anantara’s HARP(1) Project cultivates 2,000+ corals every year
• Conrad and Anantara's ‘Adopt-a-coral’ program
allows guests to plant their own coral garden and receive bi-annual updates
• Maldives resorts partner with local fishermen to
source seafood
3
Waste Management
4
People Initiatives
• Plastic waste reduction - supply reusable glass
water bottles in our guestrooms and F&B outlets. (2)
• Anantara’ Biogas digester processes 1,000 kg of food waste daily, cutting CO₂ emissions by 1,748 tonnes annually.
• Conrad Maldives' Hydroponic garden produces
1,200 kg of fresh lettuce annually, reducing reliance on external sourcing.
• Around 45% of the workforce across Maldives
resorts comprises of local Maldivians.
• Conrad offers six-month internships with 66%
opportunities reserved for locals.
Solar installation, Maldives
Captive Windmill, India
Plastic Free Hotels (2) Plastic Bottle Free Hotels
(1) HARP: Holistic Approach to Reef Protection (2) Supply of reusable glass water bottles in the guestrooms and F&B outlets with the aim of reducing the usage of single use plastic. The resorts in Maldives also adhere to strict plastic free environment guidelines
22 2222
Awards & Accolades
1
ESG Certifications
2
Maldives Awards
• The Ritz Carlton Pune certified by U.S Green Building Council and has received Platinum LEED v4.1 (June, 2025)
• The Ritz Carlton Pune and Courtyard by Marriott
•
Hinjewadi Pune certified with ISO 14001:2015 (July, 2025) ICC Tech Park, ICC Trade Tower and ICC Pavillion awarded the highest rating of Five Stars in the British Safety Council’s Occupational Health and Safety Audit (June, 2025)
• Anantara Dhigu Maldives and Conrad Maldives Rangali Island featured in Travel + Leisure 500 2025 Top hotels in Asia (May, 2025)
• Anantara Veli Maldives and Conrad Maldives Rangali
Island Awarded ‘Indian Ocean’s Leading Leisure Hotel’ at World Travel Awards (June, 2025)
• Raaya By Atmosphere Maldives featured in top 10%
worldwide at TripAdvisor Travellers' Choice Awards 2025 (June, 2025)
4
3
India Awards
• Hospitality Horizon Epicurean Awards 3 stars:
Awarded to Aasmana – The Ritz Carlton Pune, Ukiyo – The Ritz Carlton Pune, Paasha – JW Marriott Pune, Alto Vino – JW Marriott Pune (June, 2025)
• Momo Café - Courtyard Hinjewadi Pune featured in IHC London & IIHM Hospitality Honours List 2025 Hotels, Restaurants & Travel (April, 2025)
• Alto Vino - JW Marriott Pune, Tao-Fu - JW Marriott Pune, Aasmana - The Ritz Carlton Pune and Ukiyo - The Ritz Carlton Pune awarded the DLC Guide Award 2025 (June, 2025)
• Alto Vino - JW Marriott Pune Awarded ‘Best Italian
Restaurant’ by Global Culinary & Hospitality Excellency Awards 2025 (May, 2025)
• Aasmana, The Ritz Carlton Pune Awarded The Icons of
Whisky Award, (April, 2025)
Awarded to the Ritz Carlton Pune
Awarded to ICC Tech Park, ICC Trade Tower, ICC Pavillion
Awarded to Anantara Veli Maldives
Awarded to Paasha, JW Marriott Pune
2323
Board of Directors
Atul I. Chordia
Tuhin Parikh
Nipun Sahni
•
•
Founder of Panchshil Realty
• Head of Blackstone Real Estate India
Awarded the Hoteliers Award – Developer of the Year, Asia One-World’s Greatest Leaders
•
Director, Nexus Select Mall Management Private Limited
•
•
Advisor at Apollo Global Management & Founder of Rezone Investments
Previously at: Apollo Global Management, DSP Merrill Lynch Capital Ltd, GE Capital Services India and IVCA
Bharat Khanna
INDEPENDENT DIRECTOR
• Managing Director and Head of India
at BGO
•
Previously at: Och-Ziff Asia Real Estate,
Morgan Stanley Real Estate Investing
Punita Kumar-Sinha
Thilan Manjith Wijesinghe
INDEPENDENT DIRECTOR
INDEPENDENT DIRECTOR
•
•
Director at One Mobikwik Systems Limited, Lupin Limited, Tata Asset Management Private Limited & Embassy REIT
Previously at: Blackstone Asia Advisors, Infosys Limited and JSW Steel Limited
•
•
Founder and Chairman of TWCorp Pvt Ltd and Director at MJF Leisure
Ex Chairman of Board of Investment
Sri Lanka
2424
Notes & Definitions
TERM
DEFINITION
Q1/Three Months ended
Quarter ending June 2025
Mn / M
M sf
Millions
Million square feet
• All figures in this presentation are as of June 30, 2025, unless otherwise specified
• All subsidiaries were acquired in August 2024; therefore, the numbers presented in this presentation
are based on pro-forma financial statements for FY25 unless otherwise specified
• Some of the figures in this Presentation have been rounded off to the nearest decimal for the ease of
presentation
Average Room Rate or ARR or ADR
Average room rate, being room revenues (plus service charges with respect to our Maldives hospitality assets) during a given year divided by total number of room nights sold in that year
Occupancy
For hospitality assets, total room nights sold during a relevant year divided by the total available room nights during the same year
USD to INR
The average rate for Q1 FY26 considered was 85.56
Revenue per Available Room or RevPAR
Revenue per available room, calculated by multiplying ARR charged and Occupancy. RevPAR does not include other ancillary, non-room revenues, such as revenue from the sale of food and beverages and other hotel services including banquet income and membership fees generated by a hospitality asset
Total Revenue per Available Room or TRevPAR
Total revenue per available room, calculated by dividing the revenue from operations for the relevant hospitality asset(s) by the total number of room nights available in that year. TrevPAR includes other ancillary, non-room revenues, such as revenue from the sale of food and beverages and other hotel services including banquet income and membership fees generated by a hospitality asset
• All details included in the presentation consider 100% stake in Ritz Carlton, Pune and Raaya by
Atmosphere. Our Company owns 50%+ economic interest in Panchshil Corporate Park Pvt Ltd (PCPPL) and Kudakurathu Island Resorts Private Limited (KIRPL).
F&B
• All operational and financial data presented in this Presentation includes data relating to Raaya by Atmosphere, Maldives, unless stated otherwise, which was launched in July 2024 and consolidated from 1st January 2025. Our Company owns a 50.28% equity interest in Kudakurathu Island Resort Private Limited (which owns Raaya by Atmosphere, Maldives)
KPI or KPI's
YoY
Food and beverage
Key performance indicators
Year on year
Committed Occupancy
For offices and retail spaces, the sum of the Occupied Area and committed area under letters of intent with tenants, divided by the Completed Area, as at a specified date.
pp
Percentage points
2525