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INVESTOR PRESENTATION Q2 FY27
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Safe Harbor 2 This release has been prepared by Chalet Hotels Limited (CHL) and the information on which it has been based or derived from sources that we believe to be reliable. Whilst all reasonable care has been taken to ensure the facts stated are accurate and the opinions given are fair and reasonable, neither CHL, nor any director or employee of CHL shall in any way be responsible for the contents. Certain statements in this release concerning our future growth prospects are forward-looking statements within the meaning of applicable securities laws and regulations, and which involve a number of risks and uncertainties, beyond the control of the Company, that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition including those factors which may affect our cost advantage, wage increases, our ability to attract and retain highly skilled professionals, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Chalet Hotels Limited may, from time to time, make additional written and oral forward looking statements, including our reports to shareholders. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. The Company also expects the media to have access to all or parts of this release and the management’s commentaries and opinions thereon, based on which the media may wish to comment and/or report on the same. Such comments and/or reporting maybe made only after taking due clearance and approval from the Company’s authorized personnel. The Company does not take any responsibility for any interpretations/ views/commentaries/reports which may be published or expressed by any media agency, without the prior authorization of the Company’s authorized personnel. This release does not constitute a sale offer, or any invitation to subscribe for, or purchase of equity shares.
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Q2 FY27 Market Outlook Q2 FY27 Macro Environment Demand drivers Mumbai • Mixed scenario due to impact on FTA & air travel given increased fuel prices, airfares and reduced air routes • Robust Aug/ Sep’26 led by strong transient demand from domestic corporates & MICE events; rains impacted business in July • Improving city infrastructure, rail/ road/ metro connectivity & ramp-up of airport at Navi Mumbai • Additional convention centers to increase MICE activities • Recent supply absorbed; with limited supply ahead, demand-supply gap favorable Bengaluru • Transient demand improved; corporate travel stabilized, but project- related and event travel remained limited. • Market-wide availability constrained pricing; festive demand and group bookings remained subdued • Potential third airport terminal given saturation of existing two • Start-up ecosystem, GCCs to drive demand Hyderabad • Corporate, GCC and relocation demand remained resilient across commercial hubs. • Festive disruptions slowed Sep’26 demand, recovering in the latter half amid geopolitical normalization. • Strong demand in financial district with increasing absorption of office space led by Global GCCs and corporates • Expansion of airport capacity • Government push to get more investment in sectors like BFSI, Technology • Increasing demand for luxury Pune • Revenue growth exceeded expectations, supported by Retail, Negotiated and Group business. • Sustained ADR premium and strong banqueting performance helped offset softer outlet revenue • Connectivity: Improving road connectivity • Very high office absorption rate driven by growing concentration of Global GCCs, manufacturing & auto sector Leisure • Transient demand exceeded last year despite monsoon disruptions; long weekends boosted demand. • Corporate groups, weddings supported demand • Government’s focus on creating more tourist spots and improving road/ rail /airport connectivity • Changing consumer preference and growing affluent segment positive for luxury destinations • Multiple & shorter vacations Business Leisure 3 5.1%* supply CAGR (FY26-31) in premium / luxury segment across India, even lower in some of Chalet’s key micro-markets * Trends & Opportunity (Hotelivate) 2026
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Key Highlights Native Bar, Athiva Pulse Navi Mumbai
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Rebranded business hotel at Navi Mumbai as ATHIVA® Pulse, Navi Mumbai – Autograph Collection
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“The Daily Club” – A 30k sqft dedicated floor for wellness at ATHIVA® Pulse, Navi Mumbai – Autograph Collection
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Chalet Hotels – Q2FY27 Key Highlights 7 • Core Business Revenue grew 11% YoY to ₹5,110 mn with EBITDA up 13% YoY to ₹2,274 mn. Consolidated financials are not comparable YoY due to income from Residential project booked in Q2FY26 • RevPAR up 7.2% YoY despite the ongoing West Asia geopolitical scenario, increase in fuel prices, airfares and rationalization of flights on select routes • ADR up 11.3% YoY with occupancy at 64.2% (down 2.44 pp YoY) • Domestic demand led to 33.7% growth in Resorts RevPAR with a good mix of ADR & Occupancy • ATHIVA® portfolio: Encouraging progress on multiple fronts • Rebranded business hotel at Navi Mumbai as ATHIVA® Pulse, Navi Mumbai – Autograph Collection; the property has picked-up momentum with immediate effect • ATHIVA® Resort & Spa, Khandala continues to ramp-up with positive guest feedback • ATHIVA® Hotels & Resorts has been recognised as the “Most Promising Experiential Hotel Brand” at the Today’s Traveller Awards 2026 • Two new projects were announced (Hyderabad, Pune) during the quarter taking ATHIVA® key count, including pipeline, beyond 1,200 keys • Commercial Real-estate: ₹300 mn run rate in Sep’26; Occupancy at 91% 7
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Chalet Hotels – Q2FY27 Key Highlights 8 Ex- Residential Q2 FY27 Financials EBITDA Margin (%) EBITDA (₹ mn) Revenue (₹ mn) Consolidated 5,110 11% YoY 5,114 31% YoY 2,274 13% YoY 2,270 26% YoY 45% 110 bps 44% 301 bps Ex- Residential H1 FY27 Financials Consolidated 10,250 10% YoY 10,327 37% YoY 4,674 14% YoY 4,700 31% YoY 46% 170 bps 46% 443 bps Note: Consolidated financials are not comparable YoY due to income from one-off Residential project at Koramangala; 168 units of Phase II to be handed over in H2FY27, no unit handed over in Q2FY27
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Business Performance Athiva Pulse Navi Mumbai – Autograph Collection
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40.0% 41.1% Q2 FY26 Q2 FY27 EBITDA Margin (%) Hospitality: Q2FY27 Key Highlights 10 2,455 2,694 1,094 1,164 252 257 Q2 FY26 Q2 FY27 Room F&B Others Revenue (₹ million) 8.2% YoY 1,521 1,691 Q2 FY26 Q2 FY27 11.2% YoY 110 bps YoY EBITDA (₹ million) 3,802 4,115 1.7% 6.4% 9.7%
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40.9% 41.9% H1 FY26 H1 FY27 EBITDA Margin (%) Hospitality: H1FY27 Key Highlights 11 4,811 5,296 2,271 2,442 576 561 H1 FY26 H1 FY27 Room F&B Others Revenue (₹ million) 8.4% YoY 3,129 3,475 H1 FY26 H1 FY27 11.1% YoY 101 bps YoY EBITDA (₹ million) 7,658 8,300 7.6% 10.1% Note: *One-time write back of expenses of ₹33.6mn in H1FY26 2.6%*
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Hospitality: Geography wise performance Portfolio level Q2 FY27 Q2 FY26 YoY% H1FY27 H1FY26 YoY% 1. Average Daily Rate (₹) a. MMR 12,555 11,057 13.5% 12,512 11,318 10.6% b. Others 14,420 13,239 8.9% 14,175 13,034 8.8% Combined Portfolio 13,546 12,170 11.3% 13,397 12,188 9.9% 2. Occupancy (%) a. MMR 67.3% 74.0% -667 bps 67.9% 73.0% -507 bps b. Others 61.8% 60.9% 84 bps 61.8% 61.0% 82 bps Combined Portfolio 64.2% 66.7% -244 bps 64.5% 66.4% -185 bps 3. RevPAR (₹) a. MMR 8,450 8,180 3.3% 8,494 8,257 2.9% b. Others 8,905 8,064 10.4% 8,761 7,950 10.2% Combined Portfolio 8,702 8,115 7.2% 8,642 8,088 6.9% Note: 1. MMR: Mumbai Metropolitan Region 2. Others include Hyderabad, Pune, Khandala, Bengaluru, National Capital Region, Uttarakhand 3. During the quarter 140 keys at “Athiva Pulse, Navi Mumbai – Autograph Collection” remained operational vs 87 keys during Q2FY26 12
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Portfolio level Q2 FY27 Q2 FY26 YoY% H1FY27 H1FY26 YoY% 1. Average Daily Rate (₹) a. Business Hotels 13,403 12,035 11.4% 13,037 11,910 9.5% b. Resorts 15,083 14,219 6.1% 16,828 15,832 6.3% Combined Portfolio 13,546 12,170 11.3% 13,397 12,188 9.9% 2. Occupancy (%) a. Business Hotels 67.8% 71.6% -385 bps 67.3% 70.2% -282 bps b. Resorts 41.2% 32.6% 853 bps 46.1% 38.7% 732 bps Combined Portfolio 64.2% 66.7% -244 bps 64.5% 66.4% -185 bps 3. RevPAR (₹) a. Business Hotels 9,083 8,619 5.4% 8,779 8,357 5.0% b. Resorts 6,208 4,640 33.8% 7,752 6,135 26.4% Combined Portfolio 8,702 8,115 7.2 % 8,642 8,088 6.9% Hospitality: Segment wise performance Note: • Business Hotels include JW Marriott Mumbai Sahar; The Westin Mumbai Powai Lake; Lakeside Chalet, Mumbai - Marriott Executive Apartments; Athiva Pulse, Navi Mumbai – Autograph Collection , Novotel Pune Nagar Road; The Westin Hyderabad Mindspace; The Westin Hyderabad HITEC City; Bengaluru Marriott Hotel Whitefield • Resorts include Athiva Resort & Spa, Khandala; Aravali Marriott Resort & Spa, Delhi NCR; The Westin Resort & Spa, Himalayas, Uttarakhand 13
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6.0% 5.6% Q2 FY26 Q2 FY27 15.5% 15.2% Q2 FY26 Q2 FY27 0.98 0.98 Sep'25 Sep'26 Hospitality: Operating Performance 14 Total Expenses % of Revenue Utilities % of Revenue Payroll % of Revenue Inventory additions and newly acquired assets to further drive efficiencies going ahead Staff to Room Ratio (x) 60.0% 58.9% Q2 FY26 Q2 FY27
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Leased space: Includes Area Committed Commercial Real Estate 15 Leasing Status: Sep’26 vs Sep’25 (msf.) Property-wise break-up of Leasable area (Sep’26) Consolidated 1.8 2.12.4 2.4 Sep'25 Sep'26 Leased Area Leasable Area 91% 77% Particulars (₹ mn) Q2FY27 Q2FY26 YoY% H1FY27 H1FY26 YoY% Total Revenue 901 738 22.0% 1,765 1,470 20.1% EBITDA 750 607 23.5% 1,485 1,215 22.2% EBITDA% 83.2% 82.3% 95 bps 84.1% 82.7% 142 bps CIGNUS Powai® Tower I The Orb Retail, Sahar 0.5 0.5 Sep'26 0.8 0.9 Sep'26 0.9 1.0 Sep'26 95% 90% 89% % : Occupancy rate CIGNUS Whitefield® Complex
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Particulars (Revenue Recognition) FY26 H1 FY27 Units handed over (nos.) 152 1 Revenue (₹ mn) 7,383 77 EBITDA (₹ mn) 2,728 26 EBITDA Margin (%) 36.9% 33.3% Phase (msf.) Units Pending handover Avg Sale Price (₹ psf) Residential – I 0.55 153 - - Residential - II 0.31 168 168 19,833 Commercial 0.16 To be leased Residential Project: Performance Highlights 16 Phase - 1 153 apartments Handed over Phase - 2 168 apartments Awaiting handover Leasable area Under development Residential Commercial ~160,000 sq. ft. Timeline Period Phase-I: Residential 153 units (Handed over) FY26 Phase – II: Residential 168 units FY27 Commercial FY28
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Financials Infrared Sauna, Athiva Pulse Navi Mumbai
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Consolidated Performance Q2 FY27 H1 FY27 Particulars Revenue (₹ mn) EBITDA (₹ mn) EBITDA Margin (%) Revenue (₹ mn) EBITDA (₹ mn) EBITDA Margin (%) A. Hospitality Business 4,115 1,691 41% 8,300 3,475 42% YoY Change (%) 8.2% 11.2% 110 bps 8.4% 11.1% 101 bps B. Commercial Real Estate 901 750 83% 1,765 1,485 84% YoY Change (%) 22.0% 23.5% 95 bps 20% 22.2% 142 bps C. Residential Project 5 -5 NM 77 26 33% Consolidated 5,114 2,270 44% 10,327 4,700 46% YoY Change (%) -31.2% -26.2 301 bps -37.5% -30.8% 443 bps Consolidated (Ex-Residential Project) 5,110 2,274 45% 10,250 4,674 46% YoY Change (%) 10.7% 13.5% 110 bps 10.1% 14.4% 170 bps 1818 Note: Consolidated financials are not comparable YoY due to income from one-off Residential project at Koramangala; 168 units of Phase II to be handed over in H2FY27, no unit handed over in Q2FY27
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Particulars (₹ million) Q2 FY27 Q2 FY26 YoY% Q2 FY27 (Ex-Resi) YoY (Ex-Resi) Total Income 5,114 7,438 -31.2% 5,110 10.7% Total Expenditure 2,844 4,361 -34.8% 2,835 8.5% EBITDA 2,270 3,077 -26.2% 2,274 13.5% Margin % 44% 41% 301 bps 45% 110 bps Dep and Amort. 611 574 -6.5% Finance costs 417 454 8.1% Exceptional items - - Profit before tax 1,241 2,049 -39.4% Total Tax 751 -501 NM Profit after tax 2,163 1,548 39.7% Total Comprehensive Income 2,163 1,548 39.8% EPS Basic (₹)* 9.88 7.08 39.5% Consolidated Statement of Profit & Loss • * Not Annualized • During the current quarter ended 30 September 2026, the Holding Company has decided to exercise the option available under Section 206 of the Income tax Act, 2025 (erstwhile Section 115BAA of the Income-Tax Act, 1961), which provides eligible domestic companies a concessional tax regime at a rate of 25.17% (22% plus applicable surcharge and cess), in lieu of the regular corporate tax rate of 34.94%. Accordingly, the Holding Company has remeasured the opening balance of its deferred tax liabilities (net) as of 01 April 2026 and has accounted tax credit of ₹ 1,125 million relating to the same in the current quarter. Hence tax expense for the quarter/six months ended 30 September 2026 is not comparable with other reported periods. • On 7 September 2026, the Holding Company acquired 100% shareholding of Lakeview Mercantile Company Private Limited ("LMCPL") for a net consideration of ₹ 992 million. This acquisition does not constitute a business under Indian Accounting Standards and is accounted as asset acquisition. 19
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Consolidated Balance Sheet 20 Particulars (₹ million) Sep’26 Mar’26 Fixed Assets 36,290 33,145 Capital Work in-progress 2,040 1,325 Investment Property 23,872 22,641 Goodwill 817 817 Other Non-Current Assets 6,120 6,126 Cash and Cash Equivalents 2,076 1,640 Other Current Assets 9,556 7,391 TOTAL ASSETS 80,771 73,086 Total Equity 39,799 36,972 Total Gross Debt 27,405 23,212 Loan from Related Party 29 27 Other Non-Current Liabilities 2,957 4,039 Lease Liabilities 405 437 Current Liabilities 10,175 8,399 TOTAL EQUITY & LIABILITIES 80,771 73,086
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Leverage Position Particulars (₹ million) FY19 FY23 FY24 FY25 FY26 H1 FY27 Allocable to operating assets 13,572* 11,768* 11,486* 13,109* 10,947 7,130 Allocable to under- construction/to be operationalized assets ~900 ~12,600 ~13,600 ~6,800 ~8,258 ~14,000 Net Debt 14,472 24,368 25,086 19,909 19,206 21,130 Net Worth 13,410 15,415 18,509 30,457 36,972 39,799 Strategic Investments# 656 5,985 6,596 11,409 4,393 6,619 EBITDA (ex-Resi) 3,668 5,174 6,185 7,926 9,573 4,674 Interest Rate (%) 9.4% 8.8% 8.9% 8.4% 7.5% 7.5% Note: *Net debt does not include preference shares # Includes capital expenditure and strategic acquisitions 21
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Pipeline & Projects Update Athiva Pulse Navi Mumbai – Autograph Collection
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Athiva Resort & Spa at Varca, South Goa 205 Keys/ FY30 Awaiting regulatory approvals Robust Project Pipeline – High Growth Visibility CIGNUS Powai® Tower II 0.9msf/ FY27 Core at 20F; slab at 16F; Facade production in progress Civil & MEP in Progress on podium floors Taj Delhi International Airport, New Delhi ~380 Keys/ FY28 Final finishes for ID in- process, final finishes initiated in key public areas Premium Resort at Udaipur ~144 Keys1 / FY29 Designing & approval stage Athiva Resort & Spa at Bambolim, North Goa 170 Keys In-planning; ~36m post approvals Ritz Carlton at Hyderabad 330 Keys/ FY29 Foundation work in progress; Guest Room ID design initiated Athiva, Hyderabad Financial District 150 Keys/ FY29 Under Construction Athiva Resort & Convention Centre, Thiruvananthapuram 150 Keys In-planning 23 CRE: 0.9msf Hospitality: 2,036 Keys including 906 Keys under ATHIVA® Note: 1 Exploring expansion potential Hyatt Regency at Airoli, Navi Mumbai 276 Keys/ FY30 70% foundation work completed; waterproofing in progress Athiva, Pune Business District 231 Keys/ FY30 Under Construction
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Chalet Hotels: Creating Value Contrast Therapy, Athiva Pulse Navi Mumbai
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FY26 over FY19 Revenue*: 2x | EBITDA*: 2.6x 25+ years of evolution towards becoming a leading hospitality player 25 Note: * Excludes Residential business Chalet’s evolution as a leading hospitality player from “Pure Asset Owner Model” to “Hybrid Model” Pure Asset Owner model Hybrid model Asset Ownership Foundation • Strong hospitality asset ownership platform across high-potential micro markets • Built execution capabilities in large- format hospitality developments • Strong relationships with global hospitality brands • Disciplined capital allocation, strong balance sheet • Industry-leading asset management practices Entered “Franchise” model • Expanded from ownership into hotel operating and franchise management capabilities • Deepened understanding of unit economics, occupancy, and profitability drivers • Built operational expertise alongside global hospitality partners Portfolio & Platform Capabilities • Expanded franchise pipeline with large assets in key markets like Delhi, Navi Mumbai • Scaled from individual asset management to portfolio-level hospitality operations • Built “Above Property” capabilities across revenue management, sales, marketing, and customer engagement and operations • Expanded partnerships with leading hospitality brands across markets • Diversified into different business segments & geographically Brand Ownership • 25+ years' legacy in asset management and hotel operations led to the launch of "Athiva" – a premium lifestyle hospitality brand • Building brand & marketing capabilities, • Direct customer out-reach & loyalty • Building proprietary customer & distribution capabilities for long-term value creation Capabilities developed at each stage
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Rapid growth in presence, earnings as we evolved 2,331 2,634 3,052 3,314 3,389 3,389 580 986 870 1,250 1,655 2,036 FY19 FY23 FY24 FY25 FY26 Sep'26 3,620 3,922 4,564 5,425 5,044 Expanding presence (Key count) 26 Rapid growth across parameters FY19 FY23 FY24 FY25 FY26 RevPAR (Rs) 6,283 6,605 7,776 8,778 9,226 ADR (Rs) 8,218 9,169 10,718 12,094 13,727 Revenue* (Rs mn) 10,348 11,780 14,370 17,541 20,741 EBITDA* (Rs mn) 3,668 5,174 6,185 7,926 9,573 2,911 Revenue: 2x | EBITDA: 2.6x Total Pipeline Operational Note: * Excludes Residential business
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Unparalleled Execution Excellence Unparalleled Execution Excellence 121 keys, 8 suites delivered in 15 months. (MEP , fit-outs, interiors) Upgradationof 73 keys&public area (9 months) 30 additional keys, Gaming room, Gym, Meeting & Conference Room, Allied Landscape, &ExtendedReception (14months) Dec’23 Aug’24May’24 Sept’24 Nov’25May’25 (12 months) Addition of 44 keys, banquet, open lawn, arrival area and landscape Sep’23 Jan’25 Q4 FY27 (P) Q1 FY28 (P) Awarded Partner commenced construction Chalet begun MEP & fit-out work Partiallaunch with 70-keys Fullcompletion 27 July’22 Overall timeline: 23 months Bengaluru Marriott Hotel Whitefield Athiva Resort & Spa, Khandala Taj at Delhi International Airport ~380 keys Airport Hotel delivered in 42-44 months May’25 Work commenced Apr’24 121 keys commenced Jul’25 8 suites commenced (Approval & Designing stage)
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Creating Value: Powai 28 Capitalizing Investment Through Active Asset Management P o w a i C o m p l e x , M u m b a i
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29 FY 2000 Lakeside Chalet, Marriott Executive Apartments FY 2001 Renaissance Mumbai Convention Centre Hotel FY 2022 Rebranding to The Westin Mumbai Powai Lake FY 2025 CIGNUS Tower I FY 2027 (P) CIGNUS Tower II Powai Complex: Continuous Value Creation with Upgrades & Additions Nox, Roof top lounge, The Westin Powai Recent value -adds at the complex Courtyard Landscape work, The Westin Powai New Executive Lounge, The Westin Powai Added pickle ball court, The Westin Powai Added kids play area , The Westin Powai The Westin Powai ● Fratelli Fresh – kitchen & conference meeting rooms ● Gaming arena ● Banquet expansion CIGNUS Tower I, Powai ● Amenity kiosk – F&B outlet ● Multipurpose lawn & café seating Infrastructure Upgrades (including widening of approach road) Future value -adds at the complex
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Annexure Navi Mumbai Baking Café, Athiva Pulse Navi Mumbai
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Strong Leadership: Board of Directors Ravi C. Raheja Promoter & Non-Executive Director Neel C. Raheja Promoter & Non-Executive Director Sanjay Sethi Non-Executive Director Shwetank Singh Managing Director & Chief Executive Officer Joseph Conrad D’Souza Independent Director Hetal Gandhi Chairman & Independent Director Arthur De Haast Independent Director Radhika Piramal Independent Director Manish Chokhani Independent Director 31 Gautam Mehra Independent Director
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32 Strong Leadership: ManagementStrong Leadership: Management Shwetank Singh Managing Director & Chief Executive Officer Over two and a half decades of experience spanning leadership roles across facets of hospitality industry – project development, business strategy, asset management, and ESG- led value creation Nitin Khanna Chief Financial Officer Over two and a half decades of diverse industry experience across hospitality, real- estate, retail and FMCG with expertise in areas like financial transformations, business strategy, risk management, and compliance Salil Khare Chief Projects Officer Over three decades of experience across senior leadership roles in hospitality and real estate with disciplined project governance and a commitment to delivering high quality, value accretive assets Manoj Agarwal Chief Growth & Product Officer Nearly two & half decades of experience across hospitality, real- estate & infrastructure with deep expertise in business development, asset management, M&A, acquisition, deal sourcing, portfolio monitoring & strategic consulting Over two and a half decades of experience across hospitality with deep expertise in hotel operations, asset management, guest experience, and process design Gaurav Singh Chief Operating Officer
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People Powering Growth through Talent, Capability & Culture 33 SELF SUSTAINING TALENT FLYFEEL FOR SCALE Entry Level Talent Brought in through programs & partners like Neev & Job Plus Internal Talent Pool Developed through fastrack programs like Udaan Future Leaders Lakshya takes care of our future management pipeline Leadership Excellence Shikhar takes care of our leadership development OUTCOME Best-in-Industry Productivity Ratios Best-in-Industry Payroll % to Revenue Proudly certified for the 7 years in a row STRONG TALENT + STRONG CULTURE = SUPERIOR PERFORMANCE + EXCEPTIONAL GUEST EXPERIENCES ALL IN THE ENVIRONMENT OF “One chalet” culture People First We care, we respect, we grow together Integrity We do what’s right, always Ownership We take ownership and deliver Innovation We challenge, we create, we improve Excellence We set high standards and raise the bar Powered by our total rewards framework Competitive Pay Growth & Learning Opportunities Health & Well-being Recognition & Rewards Work-Life Balance Exceptional Guest Service
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‘Parivartan’ by Chalet: Our Sustainability Story 34 DJSI Score Energy Management Water & Waste Management E-Mobility 82 Corporate Sustainability Assessment Score Placed 2nd in the world among category of hotels, resorts and cruise lines 61% % Share of Renewable Energy 100% organic waste treated through organic waste composters Recycling of wastewater Rainwater harvesting system 100% guest fleet as EVs 100% operational assets have EV charging stations Diversity and Inclusion CSR Green Supply Chain Management Green Buildings Vendors Assessment on ESG criteria Supplier code of conduct compliance Preferential Local (within India) materials procurement USGBC LEED Gold and Platinum certified24% Women in Workforce 500+ Youth got skilled including dedicated batch of PWDs, women in F&B and Housekeeping services. Planted 19,000+ Saplings as part of Urban forest initiative in Lonavala. Supported ‘School and Public Health Care Centre Upgradation’ in Maharashtra Design certifications (LEED/ IGBC) for upcoming properties 3 Projects PWD = People with Disabilities 9 Assets >16% Increase in Renewable Energy consumption as compared to FY 2024-25
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‘Parivartan’ by Chalet: Climate Change Action 35 RE100 (Renewable Energy): Move to 100% renewable energy by 2030 The Company sourced 61% of its electricity from renewable sources EP100 (Energy Productivity): Double energy productivity (revenue per unit of electricity consumed) by 2028 The Company achieved 85% of Energy Productivity (IoT-enabled solutions such as Digital check-ins, Mobile key, Building Management System, IOT system for HVAC to address reduction in energy consumption) EV100 (Electric Vehicles): Move entire fleet to EVs for guest transportation by 2025 All our operational assets are equipped with EV charging points accessible to both employees and visitors. 100% guest fleet as EVs ‘Chalet Hotels becomes the First Hospitality Brand to Achieve Climate Group’s EV100 Target’ Initiative Member and part of Advisory Board of India Business & Biodiversity Initiative (IBBI) that provides guidance on integrating biodiversity conservation and sustainable ecosystem services. Chalet Hotels commits to achieve Net- Zero Greenhouse Gas (GHG) Emissions by 2040 Member of United Nations Global Compact Network (UNGC) India! Supporting UNGC’s Principles and Sustainable Development Goals (SDGs) 2030.
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Consolidated Profit & Loss Statement – Annual Trend 36 1 FY24 Adjusted for ₹ 250 Mn towards GST Payments, Westin HITEC pre -operating expenses, Dukes decapitalization, Acquisition cost of Aravali Resort, along with unusable stock of Bengaluru Residential 2 FY23 Adjusted gain in the estimated cash outflows for redemption of 0% NCRPS : Koramangala Project. Notes on earlier years are part of respective year’s presentations, Particulars (₹ million) FY21 FY22 FY23 FY24 FY25 FY26 ADR 4,040 4,576 9,169 10,718 12,094 13,727 Occupancy 30% 51% 72% 73% 73% 67% RevPAR 1,214 2,355 6,605 7,776 8,781 9,226 Total Income 3,075 5,297 11,780 14,370 17,541 28,124 Total Expenditure 2,785 4,093 6,757 8,327 9,818 15,823 EBITDA from continued operations 290 1,204 5,023 6,044 7,722 12,301 Margin% 9% 23% 43% 42% 44% 43.7% Adjusted EBITDA from continued operations 325 1,099 4,7602 6,2941 7,722 12,301 Adjusted Margin% 11% 22% 41% 44% 44% 44% Profit/ (Loss) before income tax -2,446 -1,534 2,728 2,694 4,343 8,187 Tax Expense -1,092 -720 895 -88 2,918 1,736 Profit/(Loss) for the year -1,391 -815 1,833 2,782 1,425 6,450 Other comprehensive (expense)/income 0.28 1.50 -4.64 -8.4 -1.4 3.5 Total comprehensive Income -1,391 -813 1,828 2,773 1,424 6,454 EPS Basic (₹) -6.78 -3.98 8.94 13.54 6.53 29.50
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Consolidated Balance Sheet – 5 Year Trend 37 Particulars (₹ million) FY21 FY22 FY23 FY24 FY25 FY26 Inventory: Hotels 7 7 8 10 11 11 Rooms 2,554 2,554 2,634 3,052 3,193 3,389 Capital Employed 32,276 35,821 38,531 38,368 48,596 60,220 Investments# 1,433 3,489 5,985 6,596 11,409 4,393 Net Worth 14,329 13,410 15,415 18,509 30,457 36.972 Net Debt (Excl. Preference Capital & Loan from Promoters) 18,711 22,338 24,368 25,086 19,909 19,206 Net Debt to Equity Ratio (x) 1.4 1.76 1.67 1.45 0.65 0.52 Cost of Debt (%) 8.0% 7.5% 8.8% 8.9% 8.4% 7.5% Cash Flow from Operations 602 622 4,769 6,894 9,504 10,451 # Investments includes Capital expenditure and strategic acquisitions
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Pipeline (Properties/ Keys) Operational (Properties/ Keys) 38 Hyderabad (2/ 595) (2/ 480) Uttarakhand (1/ 141) Faridabad (1/ 158) Thiruvananthapuram (1/ 150) Goa (2/ 375) Bengaluru (1/ 520) New Delhi (1/ ~380) Pune (1/ 311) (1/ 231) / Khandala (1/ 147) MMR# (4/ 1,517) (1/ 276) Udaipur (1/ ~144) Existing Footprint 2.4 Commercial Real Estate# (msf+) 11+1 Towers ^ Residential 11 Assets 3,389 Keys Upcoming Assets 0.9 Commercial Real Estate (msf+) 9 Assets 2,036 Number of Keys Disclaimer: This map is a generalized illustration only for the ease of the reader to understand the locations, and it is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual position. The Company or any of its directors, officers or employees, cannot be held responsible for any misuse or misinterpretation of any information or design thereof. The Company does not warrant or represent any kind of connection to its accuracy or completeness. Note: #MMR: Mumbai Metropolitan Region; # CRE; ^11 residential (9 handed-over; 2 ready for hand-over) and 1 Commercial Tower with ~160,000 sq.ft. of area Our Presence
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Glossary of Assets 39 MMR: Mumbai Metropolitan Region; NCR: National Capital Region; msf. – million square feet A. Hotels Location Keys Keys 1. JW Marriott Mumbai Sahar MMR 588 1,5172. The Westin Mumbai Powai Lake MMR 604 3. Lakeside Chalet, Mumbai - Marriott Executive Apartments MMR 173 4. Athiva Pulse Navi Mumbai – Autograph Collection MMR 152 5. Novotel Pune Nagar Road Pune 311 6. Athiva Resort & Spa, Khandala Khandala 147 7. Aravali Marriott Resort & Spa, NCR NCR 158 8. The Westin Hyderabad Mindspace Hyderabad 427 5959. The Westin Hyderabad HITEC City Hyderabad 168 10. Bengaluru Marriott Hotel Whitefield Bengaluru 520 11. The Westin Resort & Spa, Himalayas Uttarakhand 141 Total 3,389 B. Commercial Real Estate Location Area (msf.) 1. The Orb, Retail & Office Tower MMR 0.5 2. CIGNUS Powai® Tower I MMR 0.9 3. CIGNUS Whitefield Bengaluru® Complex Bengaluru 1.0 Total 2.4
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Earnings Call – Chalet Hotels 40 11:00 AM, IST Diamond Pass Registration Link Thursday, 5th November 2026 Chalet Hotels Ltd cordially invites you to their Earnings Call to discuss operational and financial performance for Q2 FY27 Mr. Nitin Khanna Chief Financial Officer Mr. Shwetank Singh Managing Director & Chief Executive Officer Management Representatives +91 22 7115 8336 +91 22 6280 1436 Primary Number Secondary Number UK: 0808 101 1573 USA: 1866 746 2133 Singapore: 800 101 2045 Hong Kong: 800 964 448 Access Numbers A t h i v a R e s o r t & S p a , K h a n d a l a
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Investor Relations Contact: Deepak Khetan deepak.khetan@chalethotels.com investorrelations@chalethotels.com Thank you!