Slides
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SAMHI RT HOTEL INVESTMENTS — HYATT REGENCY Investor Presentation Q2 FY2026
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www.samhi.co.in Important notes on the presentation format We are now uploading a detailed Excel file containing all supporting data for your convenience on our website https://samhi.co.in/investor- relations/ To avoid any ambiguity, we have streamlined our EBITDA representations by reporting only Consolidated EBITDA. All operating performance metrics are presented on a same-store basis’ (and highlighted in the color: orange), allowing for a more accurate reflection of business performance and comparability Air passenger data for Q2FY26 is currently unavailable, hence we have show data till Q1FY26. The same shall be updated once the data is available from AAI All future estimates and information includes Navi Mumbai & Hyderabad Financial District projects Page 2
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www.samhi.co.in From the CEO’s Desk We are pleased to announce results for the period ending 30t" September 2025 along with news of the landmark development in Navi Mumbai. During the quarter total revenue growth was ~11.0% with a consol. EBITDA growth of 14.2% over same period last year. With continued growth in EBITDA and reduction in finance cost, we witnessed ~2.8x growth in PBT for the quarter. Accounting for the reinstatement of Navi Mumbai, we are very pleased to report a PAT of ~X998mn for the quarter. For the first half of FY2026, total revenue growth was 12.0% and EBITDA growth of 16.3% over same period last year. This sets a very strong base for the remaining part of FY2026 and for FY2027. We are very excited about the Navi Mumbai development. This project will redefine, both Navi Mumbai’s skyline and SAMHI’s future with potential to create a 700-room dual branded hotel. We are happy to contribute to the state’s commitment to make Navi Mumbai aworld class city. During the quarter, we also signed a long-term variable lease for a large midscale hotel in heart of Financial District in Hyderabad, allowing us to secure an impactful share of a market that continues to outperform. We made good progress on on-going growth projects. By end of December 2025, we would have added about 8% inventory to our portfolio in current year, which will aide performance in Q4-FY2026 and FY2027. Work on the W-Hyderabad, Westin Bengaluru and other initiatives continue as planned. With all these growth initiatives, same-store growth continuing in range of our forecast (~9%-11% CAGR) and strong free cash from operations, we are confident of SAMHI’s growth and the value it will create for our shareholders. Thank you for your continued support. Ashish Jakhanwala Page 3
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Q2FY26 Highlights — SMART HOTEL INVESTMENTS — RevPAR! Total Income * Growth in Key performance indicators in line with our long-term forecast (9%-11% CAGR) %5,026 ¥29963mn * Navi Mumbai resolution clears way for SAMHI’s +11.2% YoY +11.0% YoY largest hotel (~700 rooms) in India’s financial capital * 378 rooms contributing ~8% to the total inventory > addition in FY2026 (314 rooms delivered and 64 Consol. EBITDA rooms under development). Sets strong base for FY2027 1,105mn ¥998mn * Strong pipeline to drive future growth +14.2% YoY +691.1% YoY gpip g @ @ @ ! Based on same-store, i.e., excludes the Four Points by Sheraton, Chennai OMR sold in Feb'25, Trinity acquired in Oct'24, Caspia Delhi sold in Aug’25, HIEX Greater Noida (reopened in Dec’24), HIEX Kolkata (openedin May'25) and Sheraton Commercial 2: Includes T696mn of reversal of NeviMumbai land impairment, less ¥125mn of deferred tax; netimpact of ¥571mn. PAT attributable to SAMHIis ~¥924mn and minority interestis ~74mn
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H1-FY 2026 Q2 FY26 % chg. YoY basis H1FY26 % chg. YoY basis www.sambhi.co.in ToEl e %2,963mn X5,836mn +11.0% +12.0% 12% revenue and 16% EBITDA %1.105mn 22.161mn growth during the first half of FY2026 Consol. EBITDA ’ ’ +14.2% +16.3% sets base for a strong H2. Completion of ballroom renovations in key ig;rexcepnonalhem 3382mn 3641mn hotels and opening of new inventory will support H2 & FY2027 performance. PAT 3998mn’ 31,190mn2 1: Includes T696mn of reversal of Navi Mumbai land impairment, less ¥125mn of deferred tax; net impact of ¥571mn . PAT attributable to SAMH| is ~¥924mn and minority interest is ~I74mn. PflE:P 5 2: PAT attributable to SAMH! is ~1,097mn and minority interest is ~¥93mn
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HI — SMART HOTEL INVESTMENTS — Business Update SAMHI accelerates growth with two landmark developments e ~700room dual-branded hotel in Mumbai Metropolitan Region e ~260room hotel in Hyderabad’s Financial District under a long- term variable lease
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D Purttf Onweratry Stage set for SAMHI’s largest hotel & entry into Mumbai 07, DY Partl Spotts Cempics v 0y TSNS 30 Landmark dual-branded hotel to be developed near the Navi Mumbai International Airport and DY Patil Stadium with ~400 rooms in Phase |, with the potential to expand to ~700 rooms upon full development 3 Proposed to be operated under Westin and Fairfield by Marriott brands’ o, & Will be SAMH/I’s largest hotel asset by number of rooms and built-up area s Mot by umamh) @® @ ® 1:Subjectto the execution of definitive agreements Note: Artistlg: impression for illustrative purpose: . Final design, layout, and sps\cffiaa s are subjecr\tgchangs based on'detailed design dévélopient and statutory appi AR P
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Proposed hotel benefits from shift of Mumbai’s economic hubinline with other cities Delhi City Center > Cugem Bangalore L City Center - ORR, Whitefield Hyderabad > HITEC City, City Center Financial District Mumbai . q City Center = Navi Mumbai Est. Convergence of infrastructure, connectivity, and commercial investments positions Navi Mumbai as the next growth engine for the Mumbai Metropolitan Region e M RN RS | el . JSrlamingol A 8 JJ Chandivali i Wi i | ¥ . ] /55 50 | 3 ejWest » I 1 ~ PnrOJsha Godre) : ' \ Kopar Khairne — ! ¢ A\ ngdf ] N ! ‘.Pdrle East ™~ ! \ ) \ s 1 Ghatkopar. = i A | LY + west# oE \ | \ st - \ ) Rarsik Hills " Vidya Vihar o Turbhe i /’East ® ¥ | A libar, “Bandra Kurla 2% / A& A Complex 2 - Shivaji Nagar S 7 ~d SPH & £ \ | + Mumba| A Goyandi East ! 3 av 3) W ¢ hargh. : /. “ ’w\‘coeanmw“‘ < \‘_ Juma&;r Kharghar \ Dharavl 5/ t . W \ i r A ‘ lBag:;::;gaZar [Fertilizer Colony Cheeta Campr S \ Ner“' 535‘ 2 /\ A ; 2 ¢ = L= 4 NaV| Mumba| Ma!unga East Wadala -~ 7 AR A 4 4 ! " Proposed /o Mahul . ‘ Hotel - f any Atal Setu Trans Harbor Link | \ |rel? P Vaghivali # \ nGreen \ s o ast' e ¥ Bunder ’ f - I A R -- > lmldev Navi Mumbai 7‘ International Airport | ~ L \ . Site Location "V NN d 9 Commercial developments e ; S 9 Data center developments 7
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Key Demand Drivers Easy access from all the surrounding key generators . Site Location Vast Jorribu Bharg cibco Exhibition Centre = . Commercial Developments Mindspace Juinagar, Everest Nivara Infotech Park, MAS Industries (India’s T Largest Elevator component manufacturer & exporter), Aksar Business Park, L&T Seawoods ‘ Data Center Developments Prestige Group, Reliance Data Center (Dhirubhai Ambani Knowledge City) IKEA, DY Patil Stadium, CIDCO ) Others Exhibition Centre Transport Atal S.etu Trans Harbgr Link — longe§t -— = Links sea bridge of 21.8km six lanes (3+3) link that connects Mumbai to Navi Mumbai Atal Setu Trans rbor Link Parsik-Hills i /" Taloja =a\ A restlg‘ up 3 = . BIA g i L 4 N\ \ Ny W - i w w‘w% J&y ] oy Niharika Mirage S »a % | \ § Ura & ‘ NavilMumbai \&2 &7 5 uhiDeveloRETR ! N 4 I' & - 5N w00dS 4 \ 3 Belapur West 5o i 3 \ H o - hiv, | x N Grand Central || g g-pashalisg s WA - . N 7 Tagghar / R ¥’ 4 4 g / Navi Mumbai 3 / | International Airport 3 F 4 NHI48A -== £ MSH104 /
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New lease for a hotel in Hyderabad to increase our market share in one of India’s prominent office market 4 "hfl;},%v 7 ’f'a&;e;,,;uaaw : S ® a1 Mid-scale hotel within an under-development mixed-use amazon /S 5 : o o R — building in the heart of Financial District, Hyderabad > Honeywell ;"5 accenture Googlex, P ,4@ & e £ o ¥ SAMHY/’s third property in the precinct, alongside the Sheraton with 326 rooms (Upscale+) and the Fairfield by Marriott with 232 rooms (Upper Mid-Scale) ~260 keys . ‘ \ \ %1,250 -1,430mn W 17-18 sqm. Estimated development cost W t (avg. room size) v 5 J, . Lessor to obtain approvals, develop SAMHI to complete fit-outs ‘\ building shell, fagade and high-side MEP and operationalize the hotel Western | L ) al Kalysanen:h Park Y Pacifica L (~1 _5mn sqft) Hillerest 4 Note: Artistic :mpmssmnfnnflusrmuwa purposes ont e HEPHesin, lflym.n_ andsp;c:ficanonsms subjectto change bassd/;j design dBWlDDmBIflEndslflmlDIVHDDIDVElS‘ Western Springs Deferred capital investment to minimize capex-to-revenue cycle
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www.sambhi.co.in Ke.yCitiesand Upscale+ IR Mid-scale 1 1 We continue to increase Ngjugram Hyatt Place HIEX our market share of Noida HIEX Bangalore 11 . » Whitefield Tribux‘:s:nf io Fairfield HIEX N eW I n d I a C\ly Centre - Fairfield HIEX Outer Ring Road Courtyard Fairfield North Bengaluru Electronic City Hyderabad Financial District Sheraton Fairfield City Centre Airport Our strategy is to cover all key commercial papet districts at different price points North Hyatt Regency Fairfield and post IPO, we have secured assets across Hinjewadi / Pimpri HIEX markets and segments City Center Chakan . . ‘e . Mumbai With the proposed Westin + Fairfield by Marriott South Mumbai in Navi Mumbai, we now have presence in all Bre i - BIEIED key markets across India Navi Mumbai ... 1. Four Points in Pune to be renovated and re-branded to a Courtyard by Marriott Pagefl 2. Subjectto execution of definitive agreements
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Execution of our committed pipeline will transform both scale and intrinsic value ~%12,000mn In-Place Revenue (Sep ’25) ”4,850 Rooms %19,000mn - 21,000mn Secured Growth (Sep ’25 basis) Incremental ~%8,000mn revenue potential from committed projects at currentpricing +804 uUpscale (+473 conversion from Upper Mid-scale) +436 Upper Mid-scale +260 Mid-scale 6,300+ Rooms %29,000mn - 31,500mn Market Growth (tilLFY30) In line with our long-term forecast 9-11% CAGR www.samhi.co.in Further expansion through acquisitions utilizing investible surplus Page 12
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www.samhi.co.in Revenue share by segment = Upper Upscale & Upscale m Upper Mid-scale Mid-scale 12% 15% 60% On-going rebranding/ renovations to increase Upscale share of revenues from ~42% to ~60% Upon Completion 2FY26 Q of Committed Projects eHe Page 13
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www.sambhi.co.in Strong balance sheet Net Debt : EBITDA (TTM) as on Sep’25 Even with significant investments over past two years, balance sheet remains strong and supports growth Effective debt cost of ~8.5% with net annual interest payment of only ~X1,250mn Operating hotels maintain targeted debt . ~2.4x <] levels; to further reduce with continued X 3,500mn of Operating Free Cash* based Revenue growth. on TTM EBITDA and current interest rates; to expand with new inventory & same store growth m Consolidated m Adjusted for Growth Capital @ @ ® TTM EBITDA as on 30+ Sep’25 less currenteffective annual interest expense. Refer slide 33 Page 14
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Macro Dynamics
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www.samhi.co.in Robust commercial activity across key markets Office market size' (mn sq. Net Absorption? W Current Upcoming Bangalore 219 Hyderabad 137 46 Kolkata 30 7 Chennai 16 Mumbai 157 21 o@e !:SourceLLFY25 2: Source: Cushman and Wakefield Office Report Q2FY26 37 Total of ~51 mnsgft ~12 mnsqgft ~16 mnsqft ~31 mn sqft 13.1 8.4 5.8 8.7 1.7 2.2 Q2FY25 Total of 4.1 11 1.6 1.8 0.4 0.8 2.6 Q2FY26 Total of 3.5 1.6 0.4 23 H1FY26 Totalof 7.0 4 Key Markets (Bangalore, Hyderabad, Pune, Delhi NCR) captured ~70% of the total absorption in Q2FY26 Contribute ~76% to SAMHI’s Q2FY26 AssetIncome Page 16
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Travel disruptions affected key cities due to geopolitical tensions Note: Full quarter (Q2FY26) data currently unavailable. To be updated post data is published by Airports Authority of India (AAl) . Page contains data till Q1FY26 QoQ airline passenger growth (in mn)’ 53 Q1FY23 53 Q2FY23 63 Q3FY23 66 Q4FY23 67 Q1FY24 65 Q2FY24 70 Q3FY24 71 Q4FY24 72 Q1FY25 Q1FY26 change over Q1FY25" 18.5% +5% YoY 12.1% Due to geopolitical events and 77 77 75 . the Ahmedabad plane crash, airline passenger growth of 71 SHS0 8.6% -070 8.1% major international airport hubs was impacted 1.7% . = i i i i L 1.2% | -1.4% i I o o o ‘T o < T = ! © @ @ 5 & c # A % (I re) re) re) © = = = c 3 = = [BC] < < < & © © © @ a = a I = bl g Gl g B N b5 3 15 & 2 i ol ol o ol g = S s i Y 52} < = > £ o 1 o o o o T g h ® @ @ 1: Source: Aiports Authority of India (AAI). Includes the 10 key metro cities inc. Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Kolkata, Ahmedabad, Pune, Goa and Kochi
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www.samhi.co.in Performance Summary
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www.samhi.co.in Sustained Revenue and EBITDA Growth FY2025° FY2026 Q1 Q2 Q3 Q4 Q1 Q2 RevPAR Trend Total Income 2,568 2,705 2,987 3,236 2,873 2,963 YoY growth 33.5% 21.2% 9.3% 11.6% 13.0% 11.0% +11% 3 YoY Consol. EBITDA 934 1,016 1,177 1,307 1,056 1,105 YoY growth 43.7% 37.6% 15.5% 21.4% 18.6% 14.2% Depreciation (299) (288) (291) (290) (291) (296) Finance Cost (556) (562) (617)° (553) (506) (427) PBT 35 122 224 420 259 382 (excl. exceptional items) PAT 42 126 228 4592 1924 9984 Q124 Q224 Q324 Q4'24 Q125 Q225 Q325 Q4'25 Q1'26 Q226 1. Interest Cost includes one-time non-cash impact of ¥65mn on account of refinancing a high-cost term-loan, which would result in an annualinterest saving of~3160mn 2. Deferredtax assetcreation impact considered in PAT 3. Includes the impact of one-time transaction expense of ~T21mn relating to GIC JV, loss in Sheraton Commercial revenue due to its conversion to 42 apartments of ~718mn and loss due to sale of FPS Chennai OMR of ~¥3mn 4.1n Q1FY26, PAT attributable to SAMHI is ~¥173mn and minority interestis ~¥19mn and in Q2FY26, it includes T696mn of reversal of Navi Mumbai land impairment, less ¥125mn of deferred tax; netimpact of ¥571mnand PAT attributable to SAMH is ® @ ® ~3924mn and minority interest is ~¥74mn Page 19 5. FY 2025 numbers does not have the impact of discontinued operations of Caspia Delhi.
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www.samhi.co.in = Stable: Y-0-Y change of +/-200bps; A Upward: Y-o-Yincrease of between 200~ 700bps; S e I I I e I lt I e rfo rl I I a I l C e A Strong Upwards: Y-o-Yincrease ofmore than 700bps; ‘¥ Downward: Y-o-Y decrease of between 200 - 700bps; and ¥ Strong Downwards: Y-o-Y decrease of more than 700bps Prototypical design for efficiency and One of the most efficient hotel products in Individually stylized hotels catering to high-end business travelers. Provide extensive dining scalability; cater to a wide spectrum of market; highly scalable. Focus on high quality options and large social and meeting venues travelers. Can cater to medium sized meeting and affordable room and breakfast and social events. Hotels 5] 14 12 Rooms 1,086 2,047 1,729 Occupancy' (%) 75% v 76% 4 74% W ARR' (%) 10,578 4 6,666 4 3,746 A RevPAR' (%) 7,936 A& 5056 A& 2,771 wmm ® @ @ 1. Based on same-store, i.e., excludes the Four Points by Sheraton, Chennai OMR sold in Feb'25, Trinity acquired in Oct’24, Caspia Delhi sold in Aug'25, HIEX Greater Noida (reopenedin Dec'24), HIEX Kolkata (opened in May'25) and Sheraton CommerciaPage 20
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www.samhi.co.in Q2FY26 - Total Income bridge (amounts in ¥ mn, unless specified otherwise) +9.0% +11.5% +11.0% YoY YoY 106 (34) 34 2 232 2,626 Recorded healthy same store growth of 9.0% Q2FY25 Growthin Growth from Loss due to Q2FY26 Corporate Q2FY26 Wlth a total income Assetincome! Same Store?2 new openings 3 sold/ discountinued Asset Income Income Total operations 4 Income grOWth Of 1 1 0% 1. Q2FY25 Asset Income is adjusted for Caspia Delhi numbers 2. Same-store excludes the Four Points by Sheraton, Chennai OMR sold in Feb’25, Trinity acquired in Oct’24, Caspia Delhi sold in Aug’25, HIEX Greater Noida (reopened in Dec’24), HIEX Kolkata (opened in May’25) and Sheraton Commercial @ @ @ 3. Includes Trinity, HIEX Greater Noida and HIEX Kolkata Page 21 4. Includes Four Points by Sheraton, Chennai (OMR) and Sheraton Commercial &
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www.samhi.co.in Q2FY26 - Consol. EBITDA bridge (amounts in ¥ mn, unless specified otherwise) +13.9% +14.5% YoY 18 o Yoy +14.2% YoY 143 (80) 1,036 Recorded strong flowthrough with same store EBITDA growth of Q2FY25 G h il G h i L d Q2FY26 A: N Q2FY26 H SemeStoe2 newepenings® o discontinued 13.9% with a consol. EBITDA! operations 4 G&A (inc. ESOP) EBITDA gl’OWth of 14.2% 1. Q2FY25Asset EBITDA s adjusted for Caspia Delhi numbers 2. Same-store excludes the Four Points by Sheraton, Chennai OMR sold in Feb'25, Trinity acquired in Oct’24, Caspia Delhi sold in Aug’25, HIEX Greater Noida (reopened in Dec’24), HIEX Kolkata (opened in May’25) and Sheraton Commercial @ 3 Includes Trinity, HIEX Greater Noida and HIEX Kolkata 4. Includes Four Points by Sheraton, Chennai (OMR) and Sheraton Commercial Page 22
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Operational Efficiency Q2FY26 Bridge from Total Asset Income to Consol. EBITDA (512) (17.5%) 227) Asset Payroll Income @ @ ® Note: Al values in Tmn, unless specified otherwise (248) (8.5%) Fixed (593) (20.3%) Variable (181) (6.2%) (104) (3.5%) Utilties Management Fees (40) (1.4%) Lease Rentals 40.5% Asset EBITDA (66) Margin (2.3%) Ownership Asset Expenses EBITDA www.samhi.co.in 37.3% Consol. EBITDA (80) Margin 1,105 Net Consol. Corporate EBITDA G&A (inc. ESOP) Page 23
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www.samhi.co.in Growth Projects
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Internal growth projects to accelerate future growth www.samhi.co.in 4,8621 current operational rooms Rebranding of 473 rooms and addition of 1,500 rooms through combination of expansion and new opening to aid revenue expansion # Hotel Segment Growth Project Status FY26 FY27 FY28 FY29 FY30+ 1 Holiday Inn Express, Greater Noida Mid-scale Rebranding Completed 133 2 Holiday Inn Express, Kolkata Mid-scale New Opening Completed 113 3 Sheraton, Hyderabad Upscale Expansion Completed 12 4 Holiday Inn Express, Whitefield, Bangalore Mid-scale Expansion Completed 56 5 Sheraton, Hyderabad Upscale Expansion Fit-out 42 6 HyattRegency, Pune Upscale Expansion Fit-out 22 6 W, Hitec City, Hyderabad Upscale New Opening Design & Civil 170 7 Courtyard by Marriott, Pune Upscale Conversion from Four Points by Sheraton Design 217 8 Tribute Portfolio by Marriott, Whitefield, Bangalore Upscale Rebranding from Trinity Design 142 9 Tribute Portfolio by Marriott, Jaipur Upscale Rebranding from Four Points by Sheraton Design 114 10 Fairfield by Marriott, Sriperumbudur, Chennai Upper Mid-scale Expansion Design 86 11 Westin, Whitefield, Bangalore Upscale New Opening Design 220 12 Mid-scale asset, Financial District, Hyderabad Mid-Scale New Opening Design 260 13 Westin & Fairfield by Marriott, Navi Mumbai Upscale New Opening Design ~700 @ @ @ 1: This excludes 142 rooms of Caspia Delhi which was sold on 13" August'25 and includes 56 rooms of HIEX, Whitefield Bangalore which were opened on 4 Sept'25 Page 25
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{ HYATT REGENCY Nagar Road, Pune (22 apartm: Expansion > . = Arflst impiession, actual may vary
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Gachi N Expansion
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w HITEC City, Hyderabad (170 rooms) An iconic brand in one of India’s largest commercial districts under development O ‘f« 7 Current Status: =~ - Design developmentis at final stage * Existing building modifications undergoing * Mock-up rooms to commence in Q4FY26 Page 28
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a ‘Westin & Tribute Portfolio 75 A itefi _ld, Bangalore (142 rooms renov‘tion & 220 new rooms) ‘W &nde ‘Renovation & Development fist impression, acl‘ua!lnay vary
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www.samhi.co.in Summary Financials
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www.samhi.co.in Financial Totalincome 2,963 2,669 +11.0% 5,836 5,211 +12.0% 11,386 Consolidated EBITDA 1,105 967 +14.2% 2,161 1,858 +16.3% 4,251 S u m m a ry EBITDA Margin 37.3% 36.2% 37.0% 35.7% 37.3% (Consolidated P&L) Depreciation & Amortization (296) (285) (587) (582) (1,157) Finance cost (427) (545) (933) (1,084) (2,223) PBT 382 137 +179.2% 641 192 +233.3% 872 (before exceptionalitems) This includes: * Reversal of impairment (Navi Mumbailand) - 2696mn Exceptional ltems 841 - 841 - (194) + Gain on sale of Caspia, Delhi which was Profit/ (Loss) f recognized under “discontinued operations” - rofit/ (Loss) from Z145mn discontinued operations (28) (15) (55) (35) (71) PBT 1,197 122 1,428 157 607 Includes Deferred Tax Liability created on Navi Tax Expense (199) 2 (238) 12 a8 Mumbai land- ¥125mn PAT 998 126 +691.1% 1,190 168 +606.3% 855 Attributable to SAMHI 924 126 1,097 168 855 Attributable to Minority Interest % B €5 B B Note: Al values in Tmn, unless specified otherwise. O®®® 1o, noto that all figures for Q2FY26, Q2FY25, HIFY26, H1FY25 and FYS have been adjusted for Caspia Delhi s the asset has been recognized under “discontinued operation”. Page 31
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Financial Summary (Consolidated Balance Sheet) ® @ ® Note: Al values in Tmn, unless specified otherwise. Sep’25 Fixed Assets 27,481 CWIP 783 Goodwill 5,218 Other Non-current Assets 1,105 Cash & Cash Equivalents 2,460 Inventories 36 Trade Receivables 708 Other Current Assets 633 Total Assets 38,425 Share Capital 221 Other Equity 17,621 Non-controlling interest 500 Total Equity 18,342 Total Borrowings 16,116 Lease liabilities 1,154 Trade Payables 950 Other Non-current Liabilities 1,138 Other Current Liabilities 724 Total Equity & Liabilities 38,425 Mar’25 26,702 954 5,218 886 1,602 42 673 596 36,673 221 11,199 11,421 21,302 1,178 954 1,092 726 36,673 www.samhi.co.in Notes Reversal ofimpairment of ROU of Navi Mumbai Change in other equity is denoted by profit for the period and gain on sale of stake in subsidiaries to GIC Share of GIC on 35% investment in Ascent and SAMHI JV Debt reduction utilizing cash from GIC proceeds and sale of Caspia Delhi Page 32
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Financial Flexibility Credit rating upgraded to A+ stable by CARE 1. Excluding ESOP & One-time Expenses Net Debt (X mn) TTM EBITDA" (X mn) Net Debt : EBITDA Annualized interest cost* (X mn) Mar 31, Jun 30, Sep 30, Dec 31, 2024 2024 2024 2024 18,242 18,626 18,788 20,643 3,681 3,810 4,045 4,204 9.8% 9.7% - 9.5% 9.4% - e 4.94 4.6x] mmmm Net Debt : EBITDA =] N0 SiIEO50; Net Debt : EBITDA (Adjusted for Growth Capital) === InterestRate ~1,960 ~2,015 Mar 31, Jun30, | Sep30, 2025 2025 | 2025 : | 19,669 14,345 | 13,700) | ! | | 4,434 4574 | 4,7025| | | | | | 9.2% | | | 8.5% ~1,900 ~1,400 ~1,250| 2. Capital allocated towards W (HITEC Hyd.), Trinity & Westin Bglr., HIEX Greater NOIDA and HIEX Kolkta, HRP Apartments, FFM Hyd, Sheraton Rooms & Apartments, HIEX (Wht. Bglr.) and Hyatt Place Gurgaon Renovation 3. As on 13" October 2025 ® ® ® . Doos not include non-cash finance cost items such as interest on lease, EIR, etc. which are chargedto P&L 5. Excludes Caspia Delhi EBITDA on TTM basis
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www.samhi.co.in About Us
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Acquisition led strategy has delivered scale * Short capexto revenue cycle due to acquisition led approach » Discountto replacement cost for long term returns * Longterm variable leases to use capital more efficiently ) 4,901 4,202 3,572 v e o 750 e I 203 U L p— e - ~ . . l FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Fy21 @ @ @ Note: All values in ¥mn, unless specified otherwise 115430 9:%7 7,615 4,430 3,331 FY22 FY23 Fy24 FY25 www.samhi.co.in Consol Revenue 35% cacrMyrs) H Consol EBITDA pre ESOP 43% cAGR (Myrs) Page 35
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www.samhi.co.in Our portfolio spans across price points capturing a wide segment of travelers Mid-scale Unique portfolio of assets with a 14 sq. mt. room but competing with much larger room products in the market Low footprint and capex per key, coupled with high operating efficiency give us tremendous headroom to grow Upper Mid-scale Bridge to high-end hotels. Maintain efficiency of Mid-scale but allow us to leverage the market opportunity Upper Upscale & Upscale Individually curated hotels capturing the high-end travelers, MICE and local dining business Driven by conversions given complexities of development Page 36
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www.samhi.co.in Upper Upscale & Upscale 5 Hotels +6 under development Operating 1 ,086 Rooms % i (+1,277* under development/ rebranding) WESTIN HOTELS & RESORTS 1,227 mMn Revenue ) ] c TRIBUTE (] PORTFOLIO S 0 E Bengaluru ko] [« c S 20 > 4] (a) COURTYARD TRIBUTE \""} Aarriott PORTFOLIO —— HOTELS Pune Jaipur Hyderabad Page 37 Note: Includes ~350 rooms of Westin, Navi Mumbai. Please note that the brand is subject to execution of definitive agreements and the number of rooms is also subject to final planning & designing
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www.sambhi.co.in Upper Mid-scale 1 4 Hotels +1 under development 2,047 Rooms (+436* under development and inc. 473 under rebranding) >4 N 1,253 mn Revenue vz ks ] Fairlicld Fair{i Page 38 Note: Includes ~350 rooms of Fairfield, Navi Mumbai. Please note that the brand is subject to execution of definitive agreements and the number of rooms s also subjectto final planning& designing
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Mid-scale 1 2 Hotels +1 under development 1,729 Rooms (+260 under development) 449mMn Revenue qrvze www.sambhi.co.in Page 39
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Dominant share with leading operators R COURTYARD Marrioft RENAISSANCE] T FAIRFIELD Aarrott. Bengaluru Outer Ring Road . W | WESTIN | mesure Marriott ] Our hotels operate under some of the most :r;:; 1\ HOTELS | nommisafesoms . 66% e well recognized global hotel brands [+ ] 3 HYATT ghit This gives us access to loyalty programs, ':'4‘; il distribution and high degree of customer i affinity Unbranded 60 AN IHG" HOTEL 2% . GURUGRAM SECTOR 50 Y 1) Chart represents share of Q2FY26 Asset Income (in ¥mn)
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Team that built the business 12+ yrs In SAMHI Ashish Jakhanwala Chairman, MD & CEO = Experience across hotel operations, design, consultingand investment = Previously worked at InterGlobe Hotels (Director, Development) and Pannell Kerr Forster (Consultant) 12+ yrs In SAMHI © & Rajat Mehra cFO Manish Bhagat VP - Finance Previously worked with Religare Corporate Services as an EVP - Finance CAwith diploma in Management from IGNOU 2+ yrs In SAMHI Ayush Singhal SVP-Finance 14+ yrs In SAMHI SanjayJain Senior Director, Corporate Affairs, Compary Secretary and Compliance Officer = Previouslyworked with Beekman HelixIndia and DLF = B.Com from University of Delhi, Cost Acct. and CS 11+ yrs In SAMHI Sangeeta Mohan VP - Asset Management 14+ yrs In SAMHI GyanaDas EVP & Head of Investments = Previously worked with InterGlobe Hotels = Mastersin City Planning; IT, Kharagpur & Bachelors in Architecture; NIT, Nagpur 1+ yrs In SAMHI > Gaurav Misra VP - Asset Management. www.samhi.co.in 8+yrs In SAMHI Tanya Chakravarty General Counsel = Previously worked with PhoenixLegal and Unitech = Bachelor's degree inlaw from Army Institute of Law, Mohali 6+yrs In SAMHI Nakul Manaktala SVP-Investment
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www.sambhi.co.in Strong governance with highly experienced board members Ashish Jakhanwala Chairman, MD & CEO * Accor * Interglobe Hotels * Pvt. Ltd. * Pannel Kerr Forster Consultants Pvt. Ltd. Manav Thadani Non-Executive & Non- Independent Director * Hotelivate Pvt. Ltd. * HVS Licensing LLC 24 Ajish Abraham Michael David Jacob Holland Non-Executive & Independent Non- Independent Director Director * Asiya Capital * Nexus Select Mall Investments Management Company K.S.C.P. * Embassy Office * Albazie & Co Parks Management (RSM) Services Pvt. Ltd. * Ernst & Young * Assetz Property Management Services Pvt. Ltd. < JLL Aditya Jain Independent Director * International Market Assessment (India) Pvt. Ltd. * PR Pandit Public Relations Pvt. Ltd. * Chemplast Sanmar Ltd. Archana Capoor Independent Director * Tourism Finance Corporation of India * Birla Cable Limited ¢ SChand and Company Ltd. * Sandhar Technologies Ltd. LGELELY S LEWED] Independent Director * Bank of America ¢ Oracle India Page 42
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Historical Consolidated P&L Summary Total Income (Xmn) Consolidated EBITDA (3mn) PAT (Xmn) 11,497 9,787 7,614 6,276 5,836 _______ 4,258 3,331 2,879 2,606 2,161 1,793 L B B 218 -597 (2,999) FY20 FY21 FY22 FY23 FY24 FY25 H1FY26 FY20 Fy21 FY22 FY23 FY24 FY25 H1FY26 FY20 eHe www.sambhi.co.in (2,346) (3,386) (4,433) 4,777 FY21 FY22 FY23 FY24 FY25 H1FY26 Page 43
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www.sambhi.co.in Historical Consolidated Quarterly P&L Summary Total Income (¥mn) Consolidated EBITDA (¥mn) PAT (Xmn) 3,236 2,987 2,899 2,873 2983 2,733 2,705 2,568 2,232 1,924 1,263 1,132 o 1,06 1105 008 %2 gg 998 540 473 59 228 192 126 n (744) (839) (ggo) Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 QI'26 Q226 Q124 Q224 Q324 Q424 QI'25 Q225 Q325 Q425 Q126 Q226 Q124 Q224 Q324 Q424 Q125 Q225 Q325 Q425 QI'26 Q226 Page 44
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www.samhi.co.in Operating n/ Hotel Brand Location Operator Segment Rooms _ Renovation G l-O S S a r 1 Hyatt Regency™ Pune Nagar Road Hyatt Upper Upscale 301 22 2 Renaissance Ahmedabad SG Highway Marriott Upper Upscale 155 - 3 Sheraton Hyderabad Gachibowli Marriott Upscale 284 22 4 Courtyard by Marriott Bangalore Outer Ring Road Marriott Upscale 170 - 5 HyattPlace™ Gurugram Udyog Vihar Hyatt Upscale 176 - 6 Four Points by Sheraton Visakhapatnam City Center Marriott Upper Mid-scale 123 - 7 Fairfield by Marriott Bangalore Whitefield Marriott Upper Mid-scale 104 - 8 Fairfield by Marriott Bangalore City Center Marriott Upper Mid-scale 148 - 9 Fairfield by Marriott Bangalore Outer Ring Road Marriott Upper Mid-scale 166 - 10 Fairfield by Marriott Coimbatore Airport Marriott Upper Mid-scale 126 - 11 Fairfield by Marriott Chennai Sriperumbudur Marriott Upper Mid-scale 153 86 12 Fairfield by Marriott Pune Kharadi Marriott Upper Mid-scale 109 - 13 Fairfield by Marriott Goa Anjuna Marriott Upper Mid-scale 130 - 14 Holiday Inn Express Ahmedabad SG Road IHG Mid-scale 130 - 15 Holiday Inn Express Bangalore Whitefield IHG Mid-scale 217 - 16 Holiday Inn Express Pune Hinjewadi IHG Mid-scale 104 - 17 Holiday Inn Express Gurugram Sohna Road IHG Mid-scale 205 - 18 Holiday Inn Express Pune Pimpri IHG Mid-scale 142 - 19 Holiday Inn Express Hyderabad Hi-tech City IHG Mid-scale 150 - 20 Holiday Inn Express Nashik Ambad IHG Mid-scale 101 - 21 Holiday Inn Express Hyderabad Banjara Hills IHG Mid-scale 170 - 22 Holiday Inn Express Bangalore Tumkur Road IHG Mid-scale 115 - 23 Holiday Inn Express Chennai Thoraipakkam IHG Mid-scale 149 - 24 Fairfield by Marriott Hyderabad Gachibowli Marriott Upper Mid-scale 232 - 25 Four Points by Sheraton Pune Viman Nagar Marriott Upper Mid-scale 217 Rebranding 26 Fairfield by Marriott Ahmedabad Ashram Road Marriott Upper Mid-scale 147 - 27 Four Points by Sheraton Jaipur City Square Marriott Upper Mid-scale 114 Rebranding 28 Fairfield by Marriott Chennai Mahindra World Centre Marriott Upper Mid-scale 136 - Sub-total (Same Store Portfolio) 2,474 150 20 Holiday Inn Express Greater Noida Knowledge Park IHG Mid-scale 133 - 30 Holiday Inn Express Kolkata Rajarhat IHG Mid-scale 113 - 31 Tribute Portfolio Bangalore Whitefield Marriott Upper Mid-scale 142 Rebranding 32 Westin Bangalore Whitefield Marriott Upper Upscale - 220 3w Hyderabad HITEC City Marriott Upper Upscale - 170 34 Mid-scale asset! Hyderabad Financial District - Mid-scale - 260 35 Westin + Fairfield by Marriott? Navi Mumbai MIDC Marriott Upper Upscale - ~700 Upper Mid-scale Sub-total (Others) 388 1,350 Grand Total 4,862 6,362 Note: Caspia Delhi (142 rooms) was sold in August 2025 ® @ ® 1. 54MHi signed a long-term variable lease for ~260 room hotel in Financial District, Hyderabad Page 45 2. Subject to execution of definitive agreements
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www.sambhi.co.in Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by SAMHI Hotels Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. The equity shares of SAMHI Hotels Ltd. were listed on National Stock Exchange of India Ltd. (NSE) and BSE Ltd. (BSE) on 22 September 2023. Accordingly, the unaudited standalone and consolidated financial results for the quarter ended 30 September 2025 has been drawn up in accordance with the requirement of Regulation 33 of the Listing Regulations. Page 46
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SAMHI Company SAMHI Hotels Ltd. CIN: L55101DL2010PLC211816 Mr. Gyana Das Executive Vice President & Head of Investments compliance@samhi.co.in S SG A Strategic Growth Advisors Investor Relations Advisors Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Rahul Agarwal/ Ms. Prachi Sharma +91- 9821438864/ +91- 8881786789 rahul.agarwal@sgapl.net prachi.sharma@sgapl.net www.sgapl.net Thank You