THELEELANSE14 October 2025

Leela Palaces Hotels & Resorts Limited has informed the Exchange about Investor Presentation

Leela Palaces Hotels & Resorts Limited

LEELA PALACES HOTELS & RESORTS LIMITED (formerly known as Schloss Bangalore Limited) (formerly known as Schloss Bangalore Private Limited)

Registered Office: The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar New Delhi South Delhi 110023 Tel No. +91 (11) 39331234 Email Id: cs@theleela.com CIN: L55209DL2019PLC347492 Website: www.theleela.com

Ref No. THELEELA/2025-26/045

Date: October 14, 2025

Sr. General Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400001 Scrip Code- 544408 ISIN - INE0AQ201015

Sr. General Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051 Symbol- THELEELA ISIN - INE0AQ201015

Sub: Analysts / Institutional Investors Presentation

Dear Sir/ Madam,

Pursuant to Regulation 30 read with Para A Part A to Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our intimation dated October 09, 2025, submitted to Stock Exchanges, please find enclosed the Analysts / Institutional Investors Presentation to be made at Q2’FY26 Earnings Conference Call to be held today at October 14, 2025 (IST).

The above information will also be available on the website of the Company at www.theleela.com/investors.

We request you to kindly take the above on record.

Thanking you,

For Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited) (formerly known as Schloss Bangalore Private Limited)

____________________________ Jyoti Maheshwari Company Secretary and Compliance Officer Membership No.: A24469

Encl.: as Above

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Leela Palaces Hotels & Resorts Limited

(Formerly known as Schloss Bangalore Limited)

Q 2 F Y 2 6 E A R N I N G S R E L E A S E

1 4 t h O c t o b e r 2 0 2 5

The Leela Palace Bengaluru

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Leela Palaces Hotels & Resorts Limited | Value Proposition

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The Sponsor & Promoter

The Brand

Pure Play Luxury

Capital and Network provides Unique Growth Channels (BKC, Mumbai & Palm Jumeirah, Dubai)

Strong RevPAR Growth (>3x vs luxury)

Demand-Supply CAGR Gap (4.9% in FY25-28E)

Institutional Ownership and Governance

NPS Leadership (86 in H1FY26)

Strong Growth Pipeline (1,500+ keys)

Asset Management Culture

Launch of ARQ (Invite only club)

Targeting c. ₹20,000 Mn FY30 EBITDA

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Q2FY26 Key Highlights

Robust Year-on-Year Growth: Total Revenue Up 11%, EBITDA Up 17%

Four Consecutive Quarters of Positive PAT

Industry Beating RevPAR Growth → +3x vis-à-vis the Luxury Hospitality Segment

Strategic Expansion → Entering Dubai’s Iconic Palm Jumeirah; Mumbai BKC

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ON TRACK TO ACHIEVE MID-HIGH TEENS EBITDA GROWTH IN FY26

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1 | Financial Performance

2 | Operational Highlights

3 | Growth Updates

4 | Appendix

The Leela Palace Udaipur

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Financial Highlights

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Total Revenue

EBITDA

EBITDA %

PAT

Q2FY26

₹3,334 Mn ▲11%

₹1,607 Mn ▲17%

48% ▲246 bps

₹747 Mn ▲₹1,259 Mn

H1FY26

₹6,348 Mn ▲18%

₹2,887 Mn ▲34%

45% ▲555 bps

₹834 Mn ▲₹2,096 Mn

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Note: Financial Figures in the presentation pertains to consolidated financial statements unless specified otherwise

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On Track to Achieve Mid-High Teens Growth in FY26

E B I T D A - H 2 F Y 2 6 O U T L O O K (₹ in Mn)

Healthy macro-tailwinds on luxury demand in Leela markets

Mid-High Teens Growth

Strong Same-Store growth by focusing on increasing direct business, driving optimal channel mix and healthy RFP rates

4,844 (H2FY25)

Cost management discipline along with operating leverage improvement

7,004

4,846 (H2FY25)

2,157 (H1FY25)

FY25A

▲34% YoY

2,887 (H1FY26)

FY26E

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Q2FY26 Financial Performance

The Leela Palace Bengaluru

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13% RevPAR Growth Led by Both ADR & Occupancy

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R e vP AR ( ₹ )

AD R ( ₹ )

+13%

13,262

+7%

19,290

18,042

11,712

Q2FY25

Q2FY26

O C C U P AN C Y ( % )

+4pp

69%

65%

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Q2FY25

Q2FY26

Q2FY25

Q2FY26

Note: Metrics presented above pertains to the Owned Portfolio

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Robust Margin Expansion through Operating Leverage

T O T AL R E V E N U E (₹ in Mn)

E B I T D A (₹ in Mn)

+11%

3,334

2,997

+17%

1,607

1,371

Q2FY25

Q2FY26

Q2FY25

45.7%

EBITDA Margin

Q2FY26

48.2%

246 bps

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Four Consecutive Quarters of Positive PAT

P R O F I T AF T E R T AX (₹ in Mn)

Operational traction increases H2 onwards, driving EBITDA expansion and contributing to PAT growth

1,174

564

747

(512)

(750)

Four consecutive quarters of positive PAT

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Q3FY26E

Q4FY26E

FY25

FY26

Note: Quarterly figures for Q1 to Q4 FY25 are basis unaudited financials. Chart not to scale

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Double Digit Growth Across City And Resort Hotels

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C I T Y H O T E L S R E V P AR

( ₹ )

R E S O R T H O T E L S R E V P AR

( ₹ )

13,351

▲14%

11,675

12,951

▲11%

11,723

Q2FY25

Q2FY26

Q2FY25

Q2FY26

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Note: Metrics presented above pertains to the Owned Portfolio.

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H1FY26 Financial Performance

The Leela Palace Bengaluru

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16% RevPAR Growth Led by Both ADR & Occupancy

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R e v P AR ( ₹ )

AD R ( ₹ )

+16%

12,616

10,845

+10%

19,064

17,396

H1FY25

H1FY26

O C C U P AN C Y ( % )

+4pp

66%

62%

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H1FY25

H1FY26

H1FY25

H1FY26

Note: Metrics presented above pertains to the Owned Portfolio

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Industry Leading RevPAR Growth → +3x the Market Benchmark

17%

India Luxury Segment

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Source: CoStar; Details for Owned Hotels (1) Metrics above, for both The Leela and the Luxury segment are represented for the period April to August for both 2024 & 2025 as the data pertaining to Sep’25 has not been published as of the date of this presentation

H1 FY26 REVPAR GROWTH (1) ( A p r i l t o A u g u s t 2 0 2 5 )

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Operating Revenue Growth Across Verticals 13 pts(1) increase in market share over luxury hospitality segment driving room revenue growth in H1FY26

(₹ in Mn)

Particulars

H1 FY26

H1 FY25

Var %

H1 FY26 Highlights

Room revenue

2,782

2,410

15%

F&B Revenue

2,269

2,050

11%

HMA Fees

Other Operational Services Revenue(2)

Adjusted Operating Revenue(2)

305

499

268

482

14%

5,854

5,210

12%

❑ Room Revenue:

Consistent Double-Digit Growth

o Momentum fueled by strong FIT and

Corporate MICE demand

o GDS sales surged by 28% and

Brand.com surged by 122%

❑ F&B Revenue:

Steady growth despite seasonal headwinds

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Increase in market share compared to India Luxury Segment for the period April to August for both 2024 & 2025 as the data pertaining to Sep’25 has not been published as of the date of this presentation

(1) (2) Effective Q1 FY26, rental income and other ancillary services has been reclassified from ‘Other Income’ to ‘Revenue from Operations’ being incidental to core hospitality activities. Please refer to page 49 for details.

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Room Revenue Contribution by Segment & Guest Nationality Retail continues to be dominant segment and strength for The Leela platform

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R E V E N U E S E G M E N T S ( 1 )

I N T E R N A T I O N A L G U E S T M I X ( 1 )

High Yielding Segment

54.0%

56.2%

Retail

Corporate

Groups

22.4%

21.6%

23.6%

22.1%

66.4%

Opportunity to drive TRevPAR(2) growth

46.6%

46.3%

H1FY25

H1FY26

H1FY25

H1FY26

Pre-Covid

(3)

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(1) For Owned Portfolio (2) TRevPAR stands for Total Revenue Per Available Room (3) Excluding The Leela Palace Jaipur

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Profit & Loss Statement Same-store portfolio delivering strong operating leverage in H1FY26 with a 77% flowthrough to EBITDA

(₹ in Mn)

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Particulars

Q2 FY26

Q2 FY25

Var.%

H1 FY26

H1 FY25

Var.%

Revenue from operations Other Income

Total Revenue (A)

Operating expenses (B) (1) EBITDA (A - B) EBITDA Margin

Adjusted Operating Revenue (2) Adjusted Operating EBITDA (2) Adjusted Operating EBITDA Margin (2)

Less: Finance costs

Depreciation and amortisation expenses Add: Share of net profit/(loss) of joint ventures accounted for using equity method

Profit/(Loss) before tax Total tax expense/(credit) Profit/(Loss) for the period

3,106 228

3,334

1,727 1,607 48.2%

3,106 1,379 44.4%

381 270

(24)

932 185 747

2,772 226

2,997

1,626 1,371 45.7%

2,863 1,237 43.2%

1,225 391

(2)

(247) 265 (512)

12% 1%

11%

6% 17% +246 bps

9% 12% +120 bps

(69%) (31%)

- (30%) -

5,854 493

6,348

3,461 2,887 45.5%

5,854 2,394 40.9%

1,241 534

(23)

1,089 255 834

5,054 348

5,402

3,245 2,157 39.9%

5,210 1,965 37.7%

2,417 774

(2)

(1,036) 225 (1,262)

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(1) Operating expenses includes Cost of Food and Beverages consumed, Employee Benefits expense and Other Expenses (2) Adjusted Operating Revenue & Adjusted Operating EBITDA excludes treasury income and government grants. Please refer to page 49 for details

16% 42%

18%

7% 34% +555 bps

12% 22% +318 bps

(49%) (31%)

- 13% -

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Strong Balance Sheet

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Particulars

Sep’25

Mar’25

(₹ in Mn)

Non-Current Assets Cash and Bank Balance(1)(2)

Current Assets

Total Assets

Equity Share Capital

Reserves and Surplus

Non-controlling interest

Total Equity

Borrowings(1)

Other Non-Current Liabilities

Current Liabilities

Total Liabilities

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Total Equity & Liabilities

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Includes both Current & Non-Current portions

(1) (2) Excludes restricted cash & bank balances for the respective period end

71,715

10,596

3,518

85,829

3,340

58,064

490

61,894

14,605

5,958

3,372

23,935

85,829

66,719

13,411

2,532

82,662

2,765

32,804

481

36,050

39,087

5,499

2,025

46,612

82,662

Sep’25

Mar’25

Net Debt / LTM EBITDA

0.5x

3.7x

Debt / Equity

0.2x

1.1x

✓ Raised ₹25,000 Mn through IPO in

Jun’25

✓ Repaid borrowings of ~₹23,000 Mn

from IPO proceeds, resulting in a

significant reduction in Debt

✓ ~₹3,670 Mn Invested in capex

towards growth in H1FY26

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Strategic Refinancing Driving Stronger Financial Flexibility

Reduced Financing Cost(1)

(9.10% → 8.40%)

Extended Loan Tenure

(8yrs → 15yrs)

Minimal Amortisation till FY30

(6-7% of o/s debt)

Improved Credit Rating

AA (Stable)

₹ ₹

Improved Free Cash Flows & Healthy Liquidity Position

(1) Financing cost here refers to the Term Loan facility availed by the Company.

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Robust Return on Capital Employed Healthy ROCE reflecting efficient capital deployment and operational efficiency

Particulars

Closing Capital Employed

Adjustments:

(-) Fair Value Gain (IndAS implementation)

(-) Cash Infused (Pre-IPO) by Promoters for future expansion

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LTM EBITDA (B)

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Adjusted ROCE (B) / (A)

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Sep'25

80,121

(12,749)

(11,930)

55,442

7,733

13.9%

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Driving Growth Through ROCE Accretive Expansion Strategy

High Teens ROCE

Development Pipeline

Owned Hotels + Managed Contracts

13.9%

New Verticals Synergy

ARQ Club + Luxury Residences

Same Store Growth

RevPAR & EBITDA Growth + Value Drivers

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Sep’25

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FY30

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1 | Financial Performance

2 | Operational Highlights

3 | Growth Updates

4 | Appendix

The Leela Palace Udaipur

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Setting Our Own Benchmarks And Beating Them Brand and Service Excellence delivering Industry Leading NPS

N E T P R O M O T E R S C O R E – P O R T F O L I O H O T E L S 89

FY24

FY25

H1 FY26

Industry Average for Luxury segment (1)

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(1)

Industry average represents data for CY23 and CY24 for Luxury segment in APAC Region (Source: Revinate Hospitality Benchmark Report 2025)

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ASSET ENHANCEMENT INITIATIVES AND KEY LAUNCHES

ARQ Club (The Leela Palace Bengaluru)

Reposition of Mix Use Areas (The Leela Palace Bengaluru)

Le Cirque (The Leela Palace New Delhi)

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The Leela Luxury Ecosystem in Action Integrated strategic enhancements delivering 23% YoC across portfolio

The Leela Palace Bengaluru

Upgraded Retail Wing

Q2 FY26

Repurposed MICE Venue

Q4 FY24

Added & Upgraded F&B Outlets

ARQ Club

Q2 FY26

Refurbished Rooms

Q4 FY25

Aujasya Spa

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ARQ – Our Invite-Only Luxury Club Offering ARQ at Bengaluru launched; New Delhi and Chennai to be launched in H2FY26

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BEFORE

AFTER

UNDERUTILIZED AREA

ARQ CLUB

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Vacant areas in the Hotel converted into a new ultra premium offering ‘ARQ Club’

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Revamped Luxury Retail Wing – Launched in Sep 2025 A supply-demand gap exists for high-end retail experiences within premium hospitality environments

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AFTER

• Expected to generate ₹100 Mn+ revenue annually

• ~34,000 sq. ft. of high-end retail space

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• Rising Affluence: Bengaluru is home to 13,600+

• Anchor tenants already in place – Sabyasachi &

millionaires ($)

Zoya (Fashion & luxury goods)

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The Le-Cirque: Transformed, Renovated and Relaunched Relaunched our signature Franco-Italian fine dining restaurant at The Leela Palace New Delhi in Sep’25

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AFTER

BUSINESS CENTRE

LE CIRQUE

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Business Centre converted into an F&B Outlet ‘Le Cirque’

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#3 Best City Hotel The Leela Palace New Delhi Travel + Leisure Readers’ Favourite Hotels in India of 2025

Asia’s 50 Best Bars ZLB23 Ranked #31 among Asia’s 50 Best

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Conde Nast’s Top 50 restaurants Megu Ranked #39 among India’s 50 Best

Le Cirque Ranked #44 among India’s 50 Best

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1 | Financial Performance

2 | Operational Highlights

3 | Growth Updates

4 | Appendix

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The Leela Palace Udaipur

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Strong Embedded Growth on the back of Four Pillars We continue to deliver high quality growth across all segments

EXPANSIONS

1 SAME STORE

GROWTH

NEW NEW INITIATIVES VERTICALS

DEVELOPMENTS OWNED HOTELS

MANAGEMENT 4 MANAGEMENT CONTRACTS CONTRACTS

Upgrading our assets

Repurposing areas in our assets to add revenue streams

ARQ Invite-only Members club

Leela Luxury Residences

1,309 Keys in pipeline(1)

International Expansion to Dubai

203 Keys in pipeline through Management Contracts (2 Hotels)

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(1)

Includes the International expansion at Dubai (546 keys); 1,271 Keys for 7 hotels & 38 additional keys at The Leela Palace Udaipur

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Brookfield Taking The Leela Global | Dubai

Received Board approval to enter binding agreements for acquiring a 25% stake in a luxury operating beachfront resort in Dubai's iconic Palm Jumeirah

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75% stake

25% stake

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Dubai | International Expansion The Leela Palaces, Hotels and Resorts (“The Leela”) has received board approval to sign binding agreements to acquire a 25% stake in a luxury operating beachfront resort in Dubai’s iconic Palm Jumeirah (the “Resort”). Private funds, managed by Brookfield, shall acquire the balance 75% stake. Transaction closing is expected in Q3’FY26.

Asset Overview

• The Resort, located adjacent to Atlantis The Royal, is spread across 23 acres on one of the largest freehold beachfront land plots in

Palm Jumeirah, and comprises of 546 keys including a 361 key hotel, 182 residences and 3 villas

• Palm Jumeirah is one of the most well-established luxury tourist destinations in the world with more than 5 million annual tourists

and the highest concentration of $1M+ homes in Dubai

Financial Summary

• The purchase price at 100% stake is $503 Mn / $920k per key, implying an attractive entry multiple of 12.8x CY’25 EBITDA (1)

• The transaction will be funded through a combination of equity and non-recourse debt. Leela's contribution will be via existing cash

and internal accruals

• For its 25% equity stake, The Leela will require upfront capital of c. $49 Mn / c. ₹4,370 Mn

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Note: Metrics across the presentation mentioned on constant FX unless specified (1 USD = 88.79 INR; 1 USD = 3.7 AED; 1 AED = 24.2 INR) (1) Forecasted for CY’25

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Dubai | Premier Beachfront Location Located in Palm Jumeirah, one of the world's most established luxury destinations with high barriers to entry due to constrained land supply

The Resort

Other Key Luxury Resorts located in Palm Jumeirah

One&Only The Palm

Raffles The Palm Dubai

Atlantis – The Palm

Atlantis The Royal

Taj Exotica Resort & Spa, The Palm, Dubai

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Dubai | Investment Highlights

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Strategic Global Expansion

• Upon conversion to “The Leela", it will mark the brand’s first international foray

• A flagship resort in Dubai, leveraging strong travel flows from India, Dubai’s largest feeder market, and

amplifying global brand visibility

Trophy Beachfront Location

• High barrier to entry location at Palm Jumeirah, Dubai, one of the most iconic and supply-constrained

hospitality markets worldwide

• One of the largest beachfront properties in Dubai

Attractive Valuation

• The purchase price of $503 Mn / $920k per key, implies an entry multiple of 12.8x CY’25 EBITDA(1) and c.7.0x

stabilized 2030 EBITDA(2), significantly accretive to The Leela

Fast Equity Recycling

Robust Market Fundamentals

• 100% of Leela’s equity expected to be returned within 2-3 years through sale of branded residences

• Dubai welcomed 19M+ international visitors in 2024, ranking among the world’s top tourism destinations and

the global leader in luxury home sales

• 75% capital by Brookfield managed funds

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De-Risked Execution

• Non-recourse debt

• Brookfield brings significant execution experience in the Middle East

(1) Forecasted for CY 2025 (2)

Including HMA fee expected to be generated by The Leela through Long term Hotel Management Agreement

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Dubai | Asset Overview Attractive basis for a luxury operating beachfront resort with rebranding potential in Dubai's iconic Palm Jumeirah

546

Keys (1)

35%

Suites (% of Hotel Keys) (2)

63 sqm

Avg. Room Size (2)

F&B Outlets

23,500 SF

Banqueting Space

(1) 361 Hotel Keys, 182 residences, 3 Villas (2) Excludes Residences

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Robust Market Fundamentals | Hospitality Luxury hotels on Palm Jumeirah have outperformed the broader Dubai luxury hospitality market. Limited near-term supply is expected to further support this outperformance

Supply Growth: Luxury Palm Jumeirah Hotels vs All Luxury Dubai Hotels

RevPAR ($) Growth: Luxury Palm Jumeirah Hotels vs All Luxury Dubai Hotels

0.8%

CAGR %

c.7%

c.9%

30%

$392

$302

21%

$259

$214

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2019-25E

2025-28E

2019

2024

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Source: CoStar

Luxury Dubai Hotels

Luxury Palm Jumeirah Hotels

Rendering

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Robust Market Fundamentals | Residential Within the luxury residential segment, Dubai has recorded the highest transaction volume globally supported by robust population growth

Dubai Population (Mn)

Volume of $10 Mn+ Residential Transactions by Region, 2024 ($Bn)

3.9

$6.9

c.5% CAGR

2.3

$5.0

$4.8

$4.6

$3.7

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2014

2024

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Source: Dubai Statistics Center, Knight Frank, Reidin, Dougles Elliman, Ken Corporation

Dubai

New York

London

Hong Kong

Los Angeles

Within Dubai, Palm Jumeirah has the highest concentration of $1 Mn+ luxury residences and sales of $10 Mn+ villas

Rendering

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De-Risked Execution with Brookfield Support The capex program will be executed by Brookfield, which has a dedicated on-ground development team and a strong track record of marquee developments in the UAE

Brookfield Middle East Development Projects

ICD BROOKFIELD PLACE, DUBAI (Operating Asset)

SOLAYA RESIDENCES, DUBAI (Under Development)

• 1.1 MSF marquee commercial tower located in the Dubai International

• An exclusive collection of 166 ultra-luxury residences, situated on a

Financial Center (DIFC)

prime beachfront site in J1 Beach

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Rendering

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Mumbai | The Leela Palace Mumbai, BKC | Overview In June 2025, The Leela and Brookfield led consortium successfully won the bid to acquire(1) a 2.1 acre prime plot in BKC, Mumbai’s CBD, presenting a marquee opportunity to build a modern mixed-use complex, anchored by a 250+ keys Leela Palace Hotel and 0.7 MSF Grade A Office

Plot / C80

BKC Connector

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(1) On leasehold basis for 80 years (2) Compared to winning bids of other adjacent commercial land parcels in BKC (on a PSF basis) concluded in 2025 (3) Capex including land acquisition basis for Leela’s 50% stake in the Hotel (4)

Includes 50% of Hotel EBITDA and Hotel Management Fees

20% Lower Land Basis(2)

₹8,000 Mn Capex (3)

c.₹1,500 Mn Stab. EBITDA(4)

c.16% Stab. Yield on Cost

Initial Rendering

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Mumbai | The Leela Palace BKC | Structure Update Leela BKC Holdings Private Limited will seek regulatory approvals to demerge the office business from the existing entity such that The Leela will only own a 50% stake in the hotel business

Current Structure

Revised Structure

Brookfield

50%

Leela BKC Holdings Private Limited (Leela BKC Holdings)

100%

Mixed-use development (250+ Keys + 0.7 MSF Office Space)

Brookfield

100%

New Office SPV

100%

Office

50%

Leela BKC Holdings

100%

Hotel

The revised structure enables The Leela to focus on hotel development and operations, while optimizing capital allocation across a broader range of accretive investment opportunities

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“Atithi Devo Bhava (Guest is God)”

The Leela Palace Udaipur

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1 | Financial Performance

2 | Operational Highlights

3 | Growth Updates

4 | Appendix

The Leela Palace Udaipur

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Attractive Fundamentals Supporting Same-Store Growth Located in markets with attractive demand and supply fundamentals

New Delhi

Bengaluru

Chennai

Udaipur

Jaipur

Projected Luxury Demand-Supply Gap(1) FY25 – FY28E CAGR

~460 bps

10.3%

5.7%

~420 bps

11.5%

7.3%

~680 bps

12.3%

5.5%

Demand

Supply

Leela Competitive Supply(2) Till FY28E

✗

~1470 bps

14.7%

0.0%

✗

19.5%

1020 bps

9.3%

200 keys

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Leela RevPAR Index (H1FY26)(3)

1.29x

1.47x

1.05x

1.94x

1.91x

(1) HVS Industry data - Demand-Supply Gap and Leela Competitive supply - Jul’25 (2) Comparable luxury supply within the micro-market (3) CoStar; Data pertaining to April – August 2025

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ESG – Strategic Initiatives Creating Shared Value with Purpose Partnerships

Leela Ke Phool

1.41 MT of floral waste upcycled

Jalinga Tea

47% Tea sourced from a carbon-neutral, organic estate

Leela’s Ceremonial Rituals

50 Local artists supported daily

JMGU – Women Empowerment

~89k embroidered jute bags procured locally

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Note: Above metrics pertain to the period April – September 2025.

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ESG – Growing Responsibly Continued success towards our Net Zero Goal – Commissioned 2.25 MW solar plant at TLPC in Q2FY26.

Environmental Stewardship 65%(1)

PO W ERED BY RENEW ABLES

100%

VENDO RS CO MPLIANT W IT H CO C AND ABAC PO LICIES

Responsible Supply chain

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Note: COC – Code of Conduct | ABAC – Antibribery and Anti Corruption Policy (1) Pertains to April-August 2025. (2) For Permanent workforce

Towards Net Zero By 2050

Inclusive Culture 25%(2)

PERMANE NT W O MEN T ALENT

6,000+

CO MMUNIT Y MEMBERS ENG AG ED FO R CHILD W ELFARE AND EDUCAT IO NAL ACT IVIT IES

Heritage & Communities

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Our Journey So Far | Key Quarterly KPIs

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Operating Metrics

Units

Q1 FY24

Q2 FY24

Q3 FY24

Q4 FY24

Q1 FY25

Q2 FY25

Q3 FY25

Q4 FY25

Q1 FY26

Q2 FY26

Occupancy

58.7% 62.0% 69.1% 78.0% 59.7% 64.9% 69.4% 77.6% 63.6% 68.7%

ADR

₹

16,148 19,027 23,224 24,127 16,698 18,042 25,827 27,918 18,817 19,290

RevPAR

₹

9,475

11,790 16,052 18,808

9,975

11,712 17,912 21,678 11,963 13,262

RevPAR Premium (vs India Luxury segment)

Note: RevPAR Premium source: CoStar (1) Pertains to period Jul-Aug 25

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1.2 x

1.4 x

1.5 x

1.2 x

1.3 x

1.4 x

1.5 x

1.3 x

1.5 x(1)

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Reconciliation to Operational EBITDA

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Particulars

Q2 FY26 Q2 FY25

YoY Growth

H1 FY26

H1 FY25

(₹ in Mn)

YoY Growth

Reported Total Revenue (A)

Less: Other Income

Reported Revenue from Operations (B)

Adj: Rental and other operating revenue(1)

3,334

(228)

3,106

2,997

(226)

2,772

11%

6,348

5,402

18%

(493)

(348)

5,854

5,054

156

Adjusted Operating Revenue (C)

3,106

2,863

5,854

5,210

12%

Reported EBITDA (D)

1,607

1,371

17%

2,887

2,157

34%

EBITDA Margin (D) / (A)

48.2%

45.7%

45.5%

39.9%

Adjusted Operating EBITDA (E)

1,379

1,237

12%

2,394

1,965

22%

Adjusted Operating EBITDA Margin (E) / (C)

44.4%

43.2%

40.9%

37.7%

(1) Effective Q1FY26, retail rental revenue from hotels and other ancillary services has been reclassified from ‘Other Income’ to ‘Revenue from Operations’ being incidental to core hospitality activities

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Disclaimer

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This presentation (“Presentation”) prepared by Leela Palaces Hotels & Resorts Limited (Previously known as ‘Schloss Bangalore Limited’) does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or as an inducement to enter into investment activity. This document is given solely for your information and for your use and may not be retained by you nor may this document, or any portion thereof, be shared, copied, reproduced or redistributed to any other person in any manner.

This document has been prepared by the Company based on information available to them and the information contained herein has not been independently verified. None of the Company or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with the document. Furthermore, no person is authorized to give any information or make any representation, which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company.

This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment, information, technology and political, economic, legal and social conditions in India. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements.

The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes.

The Company expects the media to access this Presentation and seek the management’s commentaries and opinions thereon. The Company does not take any responsibility for any opinions or reports which may be published or expressed by any media agency (digital or print), without the prior authorization of the Company’s authorized personnel.

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