1. SAMHI Hotels Ltd. made its debut on NSE and BSE on 22nd September 2023.
2. SAMHI achieved this feat in just 12 years, establishing itself as a significant hotel company in India.
3. Q1FY24 performance highlights:
- RevPAR grew by 14.2% YoY.
- Average room rates improved by 17.7% YoY.
- Occupancy levels consistently remained above 70%.
- Asset Income & EBITDA grew by 14.2% and 12.5% YoY.
4. The demand environment remains strong with limited new supply in core markets.
5. SAMHI reduced its Net Debt from ₹28,339mn to ₹18,331mn by utilizing IPO funds.
6. Anticipates a significant drop in quarterly finance costs by ~57%.
7. Key priorities include strong growth, improving market share, renovating/rebranding rooms, and reducing finance costs.
8. SAMHI has a diverse portfolio across India, focused on large office markets.
9. They own hotels in various segments, including upper upscale, upscale, upper mid-scale, and mid-scale.
10. Strong growth is driven by an acquisition and turn-around led strategy.
11. The portfolio consists of well-known global hotel brands in the mid-scale segment.
12. SAMHI's operating hotels have 4,801 rooms across multiple locations in India.
13. The company is focused on markets with high office and airline demand.
14. Performance metrics vary across upper upscale, upscale, upper mid-scale, and mid-scale segments.
15. The company plans to renovate and/or rebrand about 920 rooms in its portfolio.
16. They intend to add about 617 rooms to their operating portfolio.
17. Expansion plans include development in Navi Mumbai and Chennai.
18. Integration of the ACIC Portfolio is expected to bring advantages in the next few quarters.
19. The portfolio includes 6 operating hotels and land for development in Navi Mumbai.
20. ACIC Portfolio acquisition was completed in August 2023.
21. Material expansion of Marriott-branded Upper Mid-scale hotels is expected.
22. The company controls material aspects of hotel operations, including product development and brand selection.
23. SAMHI operates in large office markets across India, and their portfolio is segmented by brands.
24. Upper upscale and upscale hotels have the highest average room rates.
25. Projections for expansion, renovation, and addition of rooms are provided.
26. Net debt significantly reduced post-IPO, leading to lower finance costs.
27. Quarterly finance costs are expected to drop by approximately 57%.
28. SAMHI's key drivers for change include revenue growth, margin expansion, and cost reduction.
29. Q1FY24 saw a RevPAR growth of 14% YoY.
30. Revenue growth was robust across hospitality, office space, and aviation markets.
31. Projections include a path to profitability and free cash flow.
32. Key drivers for change in the financials are outlined.
33. ESOP costs are detailed for the next four years.
34. RevPAR continued to grow strong, with significant growth in Q2FY24.
35. Segment-wise performance metrics are provided.
36. The company is working on operational efficiency to improve EBITDA margins.
37. EBITDA margins are given for both with and without the ACIC Portfolio.
38. Net debt significantly reduced with the IPO proceeds.
39. Cost of debt is lowered from ~12.5% to ~10.6%.
40. SAMHI Hotels Ltd. aims for continued growth, profitability, and efficiency.