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Q 1 F Y 2 6 E A R N I N G S R E L E A S E The Leela Palace Bengaluru 2 2 n d J u l y 2 0 2 5
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2 1 | The Leela Value Proposition 2 | Q1 FY26 Highlights 3 | Growth Strategy 4 | Appendix |► Financial Highlights |► Operational highlights |► Growth Highlights The Leela Palace Udaipur
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The Leela Value Proposition (1) RevPAR premium against India luxury segment for the period FY25 (Owned Hotels) (2) Including pipeline hotels (3) Data pertaining to consolidated financial statements for the period FY25 (4) As of June 30, 2025 3 Leading Luxury Hospitality Brand in the World Only Listed Player Focused on the Under-Served Luxury Segment Best-in-class EBITDA Margins Iconic Properties in High Barriers to Entry Locations Strong Balance Sheet with Significant Embedded Growth 250+ Global Awards ~1.4x (1) RevPAR premium 21 Hotels (2) 49.8% EBITDA Margin (3) 0.3x Net Debt to LTM EBITDA(4)
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE LEADING LUXURY HOSPITALITY BRAND IN THE WORLD W orld’sBest Hotel Brand Featuredin The Gold List (1) Condé Nast Traveler 2022 | 2023 |2024 | 2025 Travel+ Leisure No. 1 in 2020 & 2021 No. 3 in 2023 & 2024 (1) The Leela Palace New Delhi (2022), The Leela Palace Bengaluru (2023), The Leela Palace Chennai (2024), The Leela Palace Jaipur (2025) A T I T H I D E V O B H AVA (Guest Is God) 250+ GLOBAL AW ARDS WON
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Brand and Service Excellence Delivering Industry Leading NPS and RevP ARPremiums (1) Represents RevPAR index of The Leela for the Owned Portfolio against the India hospitality industry (all classes) and India luxury segment for FY25 (Source: CoStar) (2) Industry average represents data for CY23 and CY24 for Luxury segment in APAC Region (Source: Revinate Hospitality Benchmark Report 2025) 5 84 85 86 FY24 FY25 Q1 FY26 THE LEELA: NET PROMOTER SCORES WELL ABOVE INDUSTRY BENCHMARKS Represents Industry Average for Luxury segment (2) 76 74 100 210 290 India - Hospitality (All classes) India - Luxury The Leela REVPAR ~3X OF INDUSTRY ~3.0x(1) ~1.4x(1)
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Only Listed Player Focused on the Under-Served Luxury Segment Source: HVS Industry Report (1) No. of keys are as of March 31, 2024 6 Luxury hospitality segment is significantly underserved ... ...and the gap is widening 29k Luxury Branded Keys 170k Branded Keys ~17% 13.7% 8.8% FY 25-28E Luxury Demand CAGR Luxury Supply CAGR ~490 bps
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Iconic Properties in High Barriers to Entry Locations As of June 30, 2025 (1) Including 38 keys under development at The Leela Palace Udaipur 7 Delhi NCR Udaipur Gandhinagar Chennai Bengaluru Mumbai Jaipur Ashtamudi Kovalam Agra Sikkim Hyderabad Srinagar Ayodhya New Development (Owned): 6 Hotels, 763 Keys (1) New Development (Managed): 2 Hotels, 203 Keys Owned: 5 Hotels | 1,215 Keys Managed: 8 Hotels | 2,329 Keys Ranthambore Bandhavgarh +8 in Pipeline 13 Properties +966 in Pipeline 3,544 Keys Expansion into high growth segments • Wildlife • Wellness • Heritage • Spiritual • Serviced apartments
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Superior EBITDA Margins 8 46.9% 48.9% 49.8% FY 23 FY 24 FY 25 % of Total Revenue 200 bps 90 bps Note: Pertaining to consolidated financial statements
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Strong Balance Sheet, Poised for Growth (1) 3.7x Net debt / LTM EBITDA is as of Mar 25 ; 0.3x is as of Jun 25 (2) Cash and Bank Balance as on Jun 30, 2025 of Rs.12,869 Mn 9 NET DEBT (2) (₹ in Mn) 25,677 2,275 31-Mar-25 30-Jun-25 A- (Positive) AA (Stable) GROSS DEBT (₹ in Mn) 39,087 15,147 31-Mar-25 30-Jun-25 Post IPO Credit Rating 61% 91% \ 3.7x 0.3x Post IPO Net Debt/ LTM EBITDA(1) 0.3x Net Debt / LTM EBITDA
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Significant Embedded Growth Ahead 10 RevPAR(1) RevPAR Premium(2) 13 | 3,553 5 | 1,224 INR 22,545 INR 15,306 1.4x 21 | 4,510 (5) 11 | 1,978 (6) ~1.6x | ~1.4x ~2.2x | ~1.6x ~1.6x | ~1.3x ~1.3x | ~1.2x # Total Properties | Keys # Owned Properties | Keys ADR(1) CAGR: ~12.8% 8 | 2,498 1.2x c.₹ 12,329(4) ₹ 7,584(4) 4 | 1,007 Acquisition by Brookfield FY20 FY25 Near to Mid-term(3) CAGR: ~15.1% • 8 New openings across: ▪ 4 new segments ▪ 7 new locations Note: (1) ADR and RevPAR for owned hotels (2) RevPAR for owned hotels relative to RevPAR for India luxury segment (Source: CoStar) (3) By FY2027-28. (4) Basis Management information (5) By adding pipeline of 8 hotels and 966 keys including 38 keys at The Leela Palace Udaipur, reduced by 9 keys at The Leela Palace Jaipur undergoing room expansion (6) By adding pipeline of 6 Owned Hotels and 763 Owned Keys including 38 keys at The Leela Palace Udaipur, reduced by 9 keys at The Leela Palace Jaipur undergoing room expansion Strong track record of delivering 15%+ CAGR since FY20, robust pipeline for growth ahead
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE IPO Highlights Oversubscribed IPO with continued support from long-term institutional sponsor, Brookfield 11 Brookfield owns 75.9% post-IPO, ensuring long- term alignment and strategic support Proceeds of Fresh Issue ₹ 25,000 GCP & Issue Expenses ₹ 2,000 Debt Repayment ₹ 23,000 Use of IPO Proceeds (in Mn) Morgan Stanley INITIATION OF COVERAGE SINCE IPO ISSUE SIZE LISTING DATE FRESH ISSUE OFFER FOR SALE June 2, 2025 ₹25,000 Mn ₹10,000 Mn ISSUE PRICE / SHARE MARKET CAPITALIZATION AT IPO PRICE ₹435 ₹145,000 Mn MAIN BOOK SUBSCRIPTION ₹35,000 Mn 4.7x Schloss Bangalore Ltd; NSE: THELEELA | BSE: 544408 Bank of America JP Morgan
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12 1 | The Leela Value Proposition 2 | Q1 FY26 Highlights 3 | Growth Strategy 4 | Appendix |► Financial Highlights |► Operational highlights |► Growth Highlights The Leela Palace Udaipur
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Q1 FY26 Financial Highlights Best-ever Q1 performance Data pertaining to consolidated financial statements (1) Increase represents YoY growth as compared to Q1 FY25; (2) Assuming Debt Repayment (from IPO Proceeds) at the beginning of the quarter, the PAT for the quarter would have been c.₹400 Mn 13 +25% Increase(1) +63% Increase(1) EBITDA: ₹1,280 MnTotal Revenue: ₹3,013 Mn +980bps Increase(1) EBITDA Margin: 42.5% +837 Mn Increase(1) PAT Positive: ₹87 Mn (2)
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Revenue Growth on the Back of Both ADR and Occupancy +4% increase in Occupancy and 13% Growth in ADR Note: Metrics presented above pertains to the Owned Portfolio OCCUPANCY ( % ) 59.7% 63.6% Q1FY25 Q1FY26 ADR ( ₹ ) 16,698 18,817 Q1FY25 Q1FY26 9,975 11,963 Q1FY25 Q1FY26 RevPAR ( ₹ ) 14 +4% +13% +20%
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Margin Expansion through Operating Leverage Data pertaining to consolidated financial statements (1) Total Revenue excluding treasury income and government grants for the period Q1 FY26 is ₹2,748 Mn vis-à-vis ₹2,347 Mn for Q1 FY25 (Growth of 17%) (2) EBITDA excluding treasury income and government grants for the period Q1 FY26 is ₹1,014 Mn vis-à-vis ₹728 Mn for Q1 FY25 (Growth of 39%) (3) EBITDA margin excluding treasury income and government grants for the period Q1 FY26 is 36.9% vis-à-vis 31.0% for Q1 FY25 (Growth of ~590 bps) TOTAL REVENUE (1) EBITDA (2) 15 32.7% 42.5% 980 bpsEBITDA Margin(3) 2,405 3,013 Q1FY25 Q1FY26 +25% 786 1,280 Q1FY25 Q1FY26 (₹ in Mn) (₹ in Mn) +63%
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE P AT Positive in Q1FY26 Note: Assuming Debt Repayment (from IPO Proceeds) at the beginning of the quarter, the PAT for the quarter would have been c.₹400 Mn 16 PAT Positive PAT improvement primarily driven by o ~₹494 Mn due to steady growth in business momentum resulting in 63% EBITDA expansion o ~₹332 Mn due to reduction in finance costs triggered by ₹ 23,941 Mn debt reduction -750 87 Q1FY25 Q1FY26 + ₹837 Mn Lower leverage and robust operating momentum supporting PAT recovery (₹ in Mn)
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Double Digit Growth Across All Markets Leisure led growth with metro demand remaining healthy. Maintained / enhanced market share and achieved double digit RevPAR growth across all markets Source: CoStar; Compared to Luxury segment for Bengaluru, New Delhi and Chennai; Compared to Luxury and Upper Upscale for Udaipur and Jaipur 17 156 127 100 157 183 155 128 102 190 198 The Leela Palace Bengaluru The Leela Palace New Delhi The Leela Palace Chennai The Leela Palace Udaipur The Leela Palace Jaipur Q1FY25 Q1FY26 Industry Index 15% Absolute RevPAR Growth YoY 16% 15% 29% 42% RevPAR Index
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Revenue Growth in Double Digits Across Segments Retail continues to be dominant segment and strength for The Leela platform Note: Details pertaining to Owned Hotels ADR Growth Room Revenue Growth 11% 16%12% 17% 27%14% 55% 23% 22% 54% 22% 24% Retail Corporate Groups Q1FY25 Q1FY26 18
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 2% 10% 5% 20% Q1FY25 Q1FY26 India - Luxury Segment Leela Consistent Above-Industry RevP AR Growth The Leela continues to increase market share and outperform overall luxury sector in RevPAR growth Source: CoStar; Details for Owned Hotels YOY RevPAR Growth 19 1.20xRevPAR Index Against India luxury segment 1.32x 2.34xRevPAR Index Against All India – All classes 2.55x
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Particulars Q1 FY26 Q1 FY25 Var % Room revenue 1,312 1,103 +19% F&B Revenue 1,063 914 +16% HMA Fees 141 117 +20% Other Operational Services Revenue (1) 233 148 +57% Revenue From Operations 2,748 2,282 +20% Adj: Rental and other operating revenue NA(3) 64 Adjusted Operating Revenue 2,748 2,347 +17% Operating Revenue Growth Across V erticals 17% growth in Operating revenue led by both Rooms and F&B segment (1) Includes manpower revenue and revenue from other allied services (2) Increase in market share compared to India Luxury Segment (3) 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 48 for details 20 Key revenue drivers for Q1 FY26 ROOM and F&B revenue delivered strong growth due to: o Increase in market share by 11pp(2) o Increase in direct channel revenue growth (+21%) driving ADR premiums o City hotels witnessed sustained momentum on the back of strong FIT demand; and increased GDS revenue (+20%) o Robust MICE demand leading to increase in banqueting revenues (₹ in Mn)
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Particulars Q1 FY26 Q1 FY25 Variance % Revenue from operations 2,748 2,282 +20% Other Income 265 123 +116% Total Revenue (A) 3,013 2,405 +25% Total operating expenses (B) (1) 1,734 1,619 +7% EBITDA (A - B) 1,280 786 +63% EBITDA Margin 42.5% 32.7% +980 bps Adjusted Operating Revenue (2) 2,748 2,347 +17% Adjusted Operating EBITDA(2) 1,014 728 +39% Adjusted Operating EBITDA Margin 36.9% 31.0% +590 bps Finance costs 860 1,192 (28%) Depreciation and amortisation expenses 264 384 (31%) Share of net profit/(loss) of joint ventures accounted for using equity method 0.9 - - Profit/(Loss) before tax 157 (790) - Total tax expense/(credit) 70 (40) - Profit/(Loss) for the quarter 87 (750) - Profit & Loss Statement (Q1 FY26 and Q1 FY25) Same-store portfolio delivers strong operating leverage Data pertaining to consolidated financial statements (1) Total operational 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 48 for details 21 (₹ in Mn)
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22 The Leela Palace New Delhi 1 | The Leela Value Proposition 2 | Q1FY26 Highlights 3 | Growth Strategy 4 | Appendix |► Financial Highlights |► Operational highlights |► Growth Highlights
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Unveiling Our New Website, A Digital Reflection of True Luxury Redesigned to reflect our commitment to excellence (1) Vis-à-vis Q1FY25 23 80% INCREASE IN BOOKING VOLUME (1) 72% INCREASE IN REVENUE (1) +80% VOLUME (1) +72% REVENUE (1)
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The QUBE Relaunched 24 Our iconic all-cuisine fine dining restaurant relaunched from June 2025 • R E F R E S H E D • R E I M A G I N E D • R E O P E N E D C O M P L E T E D R E N O VAT I O N I N R E C O R D 2 1 D AY S The Leela Palace New Delhi The Leela Palace New Delhi
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The ARQ Club Ready for Launch in Bengaluru 25 OPENING IN SEPTEMBER 2025 Actual Image Actual Image Actual Image Actual ImageActual ImageActual Images
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26 The Leela Palace Chennai 1 | The Leela Value Proposition 2 | Q1FY26 Highlights 3 | Growth Strategy 4 | Appendix |► Financial Highlights |► Operational highlights |► Growth Highlights
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Expansion into Mumbai with Owned Hotel Note: CBD = Central Business District Strategically located at the gateway to BKC, this is a rare opportunity to expand with 250+ keys Leela Palace Hotel in Mumbai, one of the most underserved luxury hospitality markets R E C E I V E D AL L O T M E N T O F A 8 0 Y E AR L E AS E o f a c . 2 . 1 AC R E L AN D P AR C E L I N B K C Initial Render Image Opportunity: Introducing The Leela Palace brand to Mumbai at most premium location Attractive Basis compared to other land transactions in G Block BKC Strong Fundamentals: No new hotel supply since 2011. Significantly Underpenetrated: No luxury hotels present in BKC, with Mumbai having lowest # of keys per million SF vs CBDs of other metros Strong Demand Drivers: Anchored by India’s largest convention center, robust office absorption, and new retail destinations Partnership Synergies: The Leela will develop this asset in partnership with Brookfield, which links expertise across sectors and shows financial support towards this development. 27 Initial Render Image
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE No new hotel supply in Mumbai BKC since 2011 Only 738 keys operational Mumbai BKC has Huge Untapped Demand forHospitality Note: Data includes comparable business districts and branded hotel inventory in proximity 28 MUMBAI BKC: LOWER KEY COUNT PER MSF OFFICE SPACE VIS-À-VIS BUSINESS DISTRICTS OF OTHER METRO CITIES (Keys per MSF, 2025E) 230 185 39 Delhi Bengaluru Mumbai
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The Leela Palace Udaipur Expansion 29 Completed Strategic Acquisition of c.1.8 Acres Adjacent to Existing Hotel Opportunity to expand premium inventory and capture larger market share of MICE business 10k SF Banquet Space +33 Keys
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The Leela Hyderabad Ramp-Up Delivering 18% ADR premium over city’s luxury peers amid strong ramp-up 30 THE LEELA HYDERABAD 156 PREMIER ROOMS 6 F&B OUTLETS 7,300+ Sq. ft. MICE AREA 18,400+ Sq. ft. SPA & W ELLNESS
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Strong Same-Store growth by focusing on increasing direct business, driving optimal channel mix and healthy RFP rates Healthy macro-tailwinds on luxury demand in Leela markets Cost management discipline along with operating leverage improvement Confidently Poised for Mid- High Teens Growth in FY26 31 02 01 03 FY26 Mid-High Teens Growth in EBITDA
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32 The Leela Palace Bengaluru 1 | The Leela Value Proposition 2 | Q1FY26 Highlights 3 | Growth Strategy 4 | Appendix |► Financial Highlights |► Operational highlights |► Growth Highlights
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Strong Embedded Growth on the back of Four Pillars MANAGEMENT CONTRACTS 203 Keys in pipeline through Management Contracts (2 Hotels) 4 MANAGEMENT CONTRACTS DEVELOPMENTS 725 Keys in pipeline (6 hotels) Expansion into Mumbai 3 OWNED HOTELS NEW INITIATIVES Invite -only Members club proposition ARQ Leela Luxury Residences 2 NEW VERTICALS Upgrading our assets Repurposing areas in our assets to add revenue streams Addition of 38 keys to existing portfolio 1 SAME STORE GROWTH 33 EXPANSIONS
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 10.3% 11.5% 12.3% 14.7% 19.5% 5.7% 7.3% 5.5% 0.0% 9.3% Demand Supply New Delhi Bengaluru Chennai Udaipur Jaipur Projected Luxury Demand-Supply Gap(2) FY25 – FY28E CAGR Leela Competitive Supply(1) FY25-28E ✗ ✗ ✗ ✗ 200 keys Leela RevPAR Index (FY25)(3) 1.51x 1.48x 1.04x 1.74x 1.61x Attractive Fundamentals Supporting Same-Store Growth Located in markets with attractive demand and supply fundamentals (1) Refers to comparable luxury supply within the micro-market (2) Source: HVS Industry Report - Demand-Supply Gap and Leela Competitive supply; (3) Source: CoStar 34 ~460 bps ~420 bps ~680 bps ~1470 bps 1020 bps 1
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Strategic Asset Enhancement Drives Higher Growth ASSET ENHANCEMENT STRATEGY New Banquet Space (Conservatory) (Q3 FY26) Upgrade F&B Outlet (Le Cirque) (Q2 FY26) ARQ Club Launch (Q4 FY26) The Leela Palace Delhi New F&B Outlet (Q4 FY26) World Class Spa (Q4 FY26) ARQ Club Launch (Q3 FY26) Revamped Retail Space (Q2 FY26) New Plunge Pool Villas – 5 keys (Q4 FY26) Addition of 33 Keys, F&B Outlet and a 10k Sq. ft. Ballroom (Q1FY28) Launch of Royal club lounge, Kids club, Gym, Spa, Wellness center and a Specialty F&B outlet (Q4 FY26) Upgradation of existing villas to cater to multi-generational travel (Q4 FY26) T H E L E E L A P A L A C E B E N G A L U R U The Leela Palace Bengaluru The Leela Palace Jaipur The Leela Palace Udaipur CITY HOTELS → PREMIUMIZE, EXPAND REVENUE STREAMS RESORT HOTELS → ATTRACT LUXURY FAMILY TRAVELLERS, FIT 1 35
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE ARQ extends The Leela's brand into the ultra-luxury lifestyle segment, deepening customer wallet share while delivering high-margin and capital-light returns 36 BENGALURU (Q2FY26) CHENNAI (Q4FY26) NEW DELHI (Q4FY26) 2,000+(1) Members by 2030 (1) Management Estimates 2 New V erticals – Invite-Only Luxury Club Offering 2 ARQ clubs being launched in Mumbai at The Leela Luxury Residences (FY27) and The Leela Palace BKC MUMBAI Render Image Render Image Render Image Render Image Render Image Render Image
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE New V erticals – Entry into Luxury Residences Leela Luxury Residences upcoming in Mumbai 37(1) Management Estimates Render Images ❖ Tapping an under-penetrated luxury living segment in India through managed branded serviced residences ❖ Strategically located adjacent to the Mumbai International Airport ❖ Managing 63 ultra-luxury serviced apartments under "The Leela Luxury Residences" brand ❖ Integrated with a ~22,000 SF, 3-level, members only ARQ club ❖ Designed for long-stay executives, HNIs and families seeking luxury hotel-grade living ❖ Expected launch in FY 2027 ❖ c.₹70 Mn+ in stabilized management fees(1) ❖ Strong potential for expansion into other locations and urban metros such as Pune, Bengaluru, and NCR HIGHLIGHTS The Leela Luxury Residences Mumbai (Andheri East, Mumbai) 2
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Strong Pipeline of Owned Hotels Expanding into high-growth segments of heritage and hill station (1) Capex attributable to The Leela's stake (2) Excluding land cost of ₹1,150 mn 38 # OF KEYS 99 EXP. LAUNCH FY 2028 STAKE 100% CAPEX ₹4,419 Mn (2) Initial Render Image THE LEELA PALACE AGRA THE LEELA SRINAGAR 3 # OF KEYS 170 EXP. LAUNCH FY 2028 STAKE 50% CAPEX ₹1,899 Mn (1) Initial Render Image
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Expanding into high-growth segments such as wildlife and heritage tourism (1) Capex attributable to The Leela's stake 39 # OF KEYS 30 EXP. LAUNCH FY 2028 STAKE 74% CAPEX ₹720 Mn (1) Initial Render Image THE LEELA BANDHAVGARH 3 Strong Pipeline of Owned Hotels (Contd…) # OF KEYS 76 EXP. LAUNCH FY 2028 STAKE 51% CAPEX ₹1,280 Mn (1) THE LEELA RANTHAMBORE Initial Render Image
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Expanding our leisure footprint in key spiritual destination (1) Capex attributable to The Leela's stake 40 3 Strong Pipeline of Owned Hotels (Contd…) # OF KEYS 100 EXP. LAUNCH FY 2028 STAKE 76% CAPEX ₹2,997 Mn (1) Initial Render Image THE LEELA AYODHYA Active Pipeline of Owned Hotels Across Strategic Urban and Resort Markets; Exploring International Expansion Opportunities
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 41 THE LEELA LUXURY RESIDENCES, MUMBAI # OF KEYS 63 EXP. LAUNCH FY 2027 Initial Render Image # OF KEYS 140 EXP. LAUNCH FY2027 THE LEELA SIKKIM Initial Render Image Future Pipeline of Managed Hotels Expanding our Managed Footprint in key destinations: Sikkim and Mumbai 4
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE SAME STORE GROWTH NEW VERTICALS OWNED HOTELS MANAGEMENT CONTRACTS 1 2 3 4 Targeting over ₹20,000 Mn EBITDA by FY30, driven by the four pillars of growth Vision FY30 42 EXPANSION
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE “Atithi Devo Bhava (Guest is God)” The Leela Palace Udaipur
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1 | The Leela Value Proposition 2 | Q1FY26 Highlights 3 | Growth Strategy 4 | Appendix |► Financial Highlights |► Operational highlights |► Growth Highlights The Leela Kovalam, A Raviz Hotel 44
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE ESG – Strategic Initiatives Creating Shared Value with Purpose Partnerships Note: Data pertaining to FY25 45 Leela Ke Phool 3.1 MT of floral waste upcycled Jalinga Tea 28% Tea sourced from a carbon-neutral, organic estate Leela’s Ceremonial Rituals 50 Local artists supported daily JMGU – Women Empowerment 1.35 Lakh embroidered jute bags procured locally
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE ESG – Growing Responsibly Certified Excellence: IFC EDGE Advanced | IGBC Platinum Note: Data pertaining to FY25 46 T owards Net Zero By 2050 Environmental Stewardship 50% POW ERED BY RENEW ABLES Inclusive Culture 22% PERMANENT W OMEN TALENT Responsible Supply chain Heritage & Communities 100% VENDORS COMPLIANT W ITH COC AND ABAC POLICIES 7,000+ CHILDREN IMPACTED THROUGH CSR – EDUCATIONAL INITIATIVE
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Our Journey So Far | Key Quarterly KPIs Note: RevPAR Premium source: CoStar 47 Particulars Units Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 OPERATIONAL METRICS Occupancy % 58.7% 62.0% 69.1% 78.0% 59.7% 64.9% 69.4% 77.6% 63.6% ADR ₹ 16,148 19,027 23,224 24,127 16,698 18,042 25,827 27,918 18,817 RevPAR ₹ 9,475 11,790 16,052 18,808 9,975 11,712 17,912 21,678 11,963 RevPAR Premium (vs India Luxury segment) 1.2 x 1.4 x 1.4 x 1.5 x 1.2 x 1.3 x 1.4 x 1.5 x 1.3 x
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Reconciliation to Operational EBITDA 48 PARTICULARS Q1FY26 Q1FY25 YoY Growth Reported Total Revenue (A) 3,013 2,405 25% Less: Other Income (265) (123) Reported Revenue from Operations (B) 2,748 2,282 Adj: Rental and other operating revenue (Note 1) NA 64 Adjusted Operating Revenue (C) 2,748 2,347 17% Reported EBITDA (D) 1,280 786 63% EBITDA Margin (D) / (A) 42.5% 32.7% Adjusted Operating EBITDA (E) 1,014 728 39% Adjusted Operating EBITDA Margin (E) / (C) 36.9% 31.0% Note 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. (₹ in Mn)
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NOTES START FROM HERE AND GROW UP CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Disclaimer 49 This presentation (“Presentation”) prepared by 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 t he 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.