Slides
Page 1
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Q 3 F Y 2 6 E A R N I N G S R E L E A S E The Leela Palace Bengaluru 16 th J a n u a r y 2 0 2 6 Leela Palaces Hotels & Resorts Limited (Formerly known as Schloss Bangalore Limited)
Page 2
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Q3FY26 | Key Performance Highlights (1) Source: CoStar; Metrics for both The Leela and the India Luxury segment are represented for the period April to November for both 2024 & 2025 as the data pertaining to Dec’25 has not been published as of the date of this presentation Note: Operational KPIs pertain to the owned domestic portfolio across the presentation, unless specified otherwise. 2 +20% +23% RevPAR Growth Operating EBITDA +17% 15 pts (1) ADR Growth Market share increase vs India luxury segment 52% Operating EBITDA Margin Best in Class Profitability (▲61 bps YoY)
Page 3
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Q3FY26 | Key Growth Highlights 3 The Leela Jaisalmer (Operational by Mid FY27) Management Fees 9 Hotels in Pipeline +80 Keys (+876 Keys YTD) +₹750 M 2x FY25 Fees Income 1,000+ Keys Management contract signed strengthening our Rajasthan circuit Contribution from Dubai and Jaisalmer on stabilized basis Firmly on track ; Construction initiated
Page 4
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Leela Footprint: 5,000+ Luxury Keys Across 23 Properties (1) Including 38 keys under development at The Leela Palace Udaipur 4 Operational: 14 Hotels | 4,090 Keys Pipeline: 9 Hotels | 1,046 Keys(1) Delhi NCR Udaipur Gandhinagar Chennai Bengaluru Mumbai Jaipur Ashtamudi Kovalam Agra Sikkim Hyderabad Srinagar Ayodhya Ranthambore Bandhavgarh Dubai Jaisalmer 14 +9 Properties23 Operational Properties Properties in Pipeline 5,136 Keys 4,090 +1,046 Operational Keys Pipeline Keys Signings in FY26 • Dubai (546 keys) • BKC, Mumbai (250 keys) • Jaisalmer (80 keys)
Page 5
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Leela Palaces Hotels & Resorts Limited | Value Proposition (1) Source: CoStar 5 The Brand – Pure play luxury Demand-Supply CAGR Gap (4.9% in FY25-28E) Targeting c. ₹20,000 Mn FY30 EBITDA Strong Growth Pipeline (1,000+ Keys) Strong RevPAR Growth (~3x vs luxury)(1) Asset Enhancement (Arq By The Leela, Enhanced & Added 7 F&B and banqueting offerings, Retail space, Kids club) NPS Leadership (86 in 9MFY26) The Sponsor & Promoter Capital and Network provides Unique Growth Channels (BKC, Mumbai & Palm Jumeirah, Dubai) Asset Management Culture Institutional Ownership and Governance
Page 6
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 6 1 | Financial Performance 2 | Operational Highlights 4 | Appendix The Leela Palace Udaipur 3 | Growth Updates
Page 7
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 20%+ Growth in Revenue and EBITDA in Q3FY26 (1) Represents Adjusted Operating Revenue & Adjusted Operating EBITDA which excludes treasury income and government grants. Please refer to page 38 for details Financial figures in the presentation pertains to consolidated financial statements unless specified otherwise 7 a Op. Revenue(1) ₹4,574 Mn ▲21% a Op. EBITDA(1) ₹2,378 Mn ▲23% a Op. EBITDA%(1) 52% ▲ 61 bps a PAT ₹1,479 Mn ▲₹915 Mn
Page 8
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 22% EBITDA Growth in 9MFY26 (1) Represents Adjusted Operating Revenue & Adjusted Operating EBITDA which excludes treasury income and government grants. Please refer to page 38 for details Financial figures in the presentation pertains to consolidated financial statements unless specified otherwise 8 a Op. Revenue(1) ₹10,429 Mn ▲16% a Op. EBITDA(1) ₹4,772 Mn ▲22% a Op. EBITDA%(1) 46% ▲231 bps a PAT ₹2,313 Mn ▲₹3,011 Mn
Page 9
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 9,369 12,381 10,037 14,758 Gained Market Share: Greater Than Luxury Industry Growth Source: CoStar; Details for owned domestic hotels (1) Metrics above, for both The Leela and the India Luxury segment are represented for the period April to November for both 2024 & 2025 as the data pertaining to Dec’25 has not been published as of the date of this presentation Yo Y REVPAR GROW TH (1) India Luxury Segment ▲7% ▲19% 9 YTD FY25 YTD FY26 RGI 147 vs 132 LY 15 pts market share gain vs India luxury → driving a ₹4.7k RevPAR premium
Page 10
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Pure Play Luxury Focus Driving RevP AR Growth of 20% Note: Metrics presented above pertains to the owned domestic portfolio 10 17,912 21,551 Q3FY25 Q3FY26 RevPAR ( ₹ ) +20% ADR ( ₹ ) OCCUPANCY ( % ) 25,827 30,337 Q3FY25 Q3FY26 +17% 69% 71% Q3FY25 Q3FY26 +2pp
Page 11
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE QoQ Consistently Outperforming India Luxury Growth by +2x Source: CoStar; Details for owned domestic hotels Metrics above, for both The Leela and the India Luxury segment for the period Q3 FY26 are represented for the period Oct’25 t o Nov’25 as the data pertaining to Dec’25 has not been published as of the date of this presentation. 11 20% 13% 24% 10% 1% 11% Q1 Q2 Q3 FY26 The Leela India Luxury 132 150 162 RevPAR index YoY REVPAR GROWTH
Page 12
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 15,905 18,553 Q3FY25 Q3FY26 CITY HOTELS REVPAR Q3FY26 | Outsized Growth Across City and Resort Hotels 12Note: Metrics presented above pertain to the owned domestic portfolio. ( ₹ ) ▲17% Occupancy 73% 74% 112 bps RESORT HOTELS REVPAR 24,560 31,499 Q3FY25 Q3FY26 ▲28% ( ₹ ) 58% 62% 352 bps
Page 13
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Particulars Q3 FY26 Q3 FY25 Var % Room Revenue 2,415 2,009 20% F&B Revenue 1,662 1,288 29% HMA Fees 219 204 7% Other Operational Services Revenue(1) 278 273 2% Operating Revenue(1) 4,574 3,774 21% 21% Revenue Growth | Firing On All Cylinders (1) 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 38 for details. 13 Q3 FY26 Highlights Room Revenue o Retail segment grew by +18% YoY o Groups segment grew by +45% YoY o Brand.com surged by 153% F&B Revenue o 17% growth in Non-resident footfall in F&B outlets (₹ in Mn) 13
Page 14
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE (750) (512) 564 1,174 87 747 1,479 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4E Five Consecutive Quarters of Positive P AT Cumulative PAT at ₹2,313 Mn for YTD FY26 Note: Quarterly figures for Q1 to Q4 FY25 are basis unaudited financials. Chart not to scale FY25 FY26 (₹ in Mn) PROFIT AFTER TAX 14
Page 15
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Particulars Q3 FY26 Q3 FY25 Var.% 9M FY26 9M FY25 Var.% Revenue from operations 4,574 3,705 23% 10,429 8,759 19% Other Income 134 330 (59%) 628 679 (8%) Total Revenue 4,709 4,035 17% 11,056 9,437 17% EBITDA 2,513 2,200 14% 5,400 4,357 24% Adjusted Operating Revenue (1) 4,574 3,774 21% 10,429 8,984 16% Adjusted Operating EBITDA (1) 2,378 1,939 23% 4,772 3,904 22% Adjusted Operating EBITDA Margin (1) 52% 51% 61 bps 46% 43% 231 bps Less: Finance costs 394 1,172 (66%) 1,635 3,589 (54%) Less: Depreciation and amortisation expenses 294 315 (7%) 828 1,089 (24%) Less: Exceptional item (2) 64 - - 64 - - Add: Share of net profit/(loss) of joint ventures (25) (2) - (48) (4) - Profit/(Loss) before tax 1,735 711 144% 2,825 (325) - Less: Total tax expense/(credit) 256 147 75% 511 372 37% Profit/(Loss) for the period 1,479 564 162% 2,313 (698) - 22% Growth in Operating EBITDA in 9MFY26 (1) Adjusted Operating Revenue & Adjusted Operating EBITDA excludes treasury income and government grants. Please refer to page 38 for details (2) Exceptional item pertains to impact of new labour codes (₹ in Mn) 15
Page 16
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 786 1,371 2,200 4,357 7,004 1,280 1,607 2,513 5,400 Q1 Q2 Q3 9M FY FY25 FY26 Setting Our Own Benchmarks and Beating Them Note: Chart not to scale 1616 +63% +17% +14% High Teens growth in FY26 YoY EBITDA Growth E B I T D A ( ₹ M i l l i o n s ) +24%
Page 17
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 17 1 | Financial Performance 2 | Operational Highlights 4 | Appendix The Leela Palace Udaipur 3 | Growth Updates
Page 18
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 84 85 86 75 77 79 81 83 85 87 89 FY24 FY25 9M FY26 Consistently Delivering Higher NPS Than Luxury Industry 1818 N E T P R O M O T E R S C O R E – P O R T F O L I O H O T E L S 76 74 Industry Average for Luxury segment (1) Source: Revinate Hospitality Benchmark Report 2025 (1) Industry average represents data for CY23 and CY24 for Luxury segment in APAC Region 9 points
Page 19
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Robb Report Hongkong Best of the Best 2026 Travel Condé Nast Traveler, UK Readers’ Choice Awards 2025 #1 Best Resort in India The Leela Kovalam Best in India The Leela Palace Udaipur
Page 20
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The Leela Palace Chennai The Leela Palace New Delhi The Leela Palace Jaipur Condé Nast Traveler, US Readers’ Choice Awards 2025 Condé Nast Traveler, UK Readers’ Choice Awards 2025 The Leela Palace Udaipur 20
Page 21
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Michelin Recognition The Leela Palace New Delhi (2 Michelin Keys) The Leela Palace Jaipur (2 Michelin Keys) The Leela Palace Chennai (1 Michelin Key)
Page 22
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The Leela Palace Jaipur : Enhanced for Luxury Multi-generational travel focus drives 27% RevPAR growth YoY in Q3FY26 at The Leela Palace Jaipur 22 The Aravalli Dining Room Jamavar (Specialty Restaurant) Villas, Kids Club and Gym The Leela Palace Jaipur Q3 FY26 Q3 FY26 Q3 FY26 Amber Terrace (Roof Top Bar) Peacock Lounge Q4 FY26 Q3 FY26 Aujasya Spa Q3 FY26
Page 23
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Value Driver | Peacock Lounge at The Leela Palace Jaipur A royal club lounge for villa guests by day and transforms into a mediterranean restaurant by night 23 Launched in Dec’25 Actual Image Actual Image Actual Image
Page 24
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Value Driver | The Aravalli Dining Room at The Leela Palace Jaipur A global cuisine atelier set against the tranquil backdrop of the ancient Aravalli hills 24 Actual Image Actual Image Launched in Dec’25
Page 25
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Value Driver | Amber Terrace at The Leela Palace Jaipur Monetising idle space - all new rooftop bar with spectacular views of the Aravalli mountain ranges 25 Launched in Dec’25 | ~25% YoC Actual Image Actual Image BEFORE AFTER
Page 26
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 26 2 | Operational Highlights 4 | Appendix The Leela Palace Udaipur 3 | Growth Updates 1 | Financial Performance
Page 27
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Growth Levers Firmly in Place for Outsized Growth 27 • International expansion - Dubai • Arq By The Leela – 3 Clubs across Bengaluru, Delhi and Chennai • Refurbishment & addition of 7 F&B outlets • ~33k sq ft luxury retail space at Bengaluru • New MICE space (~6.5k sq ft) at New Delhi • Jaipur villas upgrade • Solar Plant Chennai 2.25MW FY26 • Stabilisation of FY’27 growth levers • HMA fees from Dubai • 33 Keys at Udaipur (Capacity expansion) • The Leela Palace Agra • The Leela Ranthambore • The Leela Bandhavgarh • The Leela Ayodhya • The Leela Srinagar FY28 • Stabilisation of FY’26 growth levers • The Leela Jaisalmer • The Leela Luxury Residences Mumbai • Arq By The Leela, Mumbai • The Leela Sikkim • New world class wellness facility in Bengaluru FY27 FY25 EBITDA ₹7,004 Mn
Page 28
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Strategic Growth Every Quarter Since Listing Committed expansion to 5,136 keys 28 (1) HMA – Hotel Management Agreement (2) Stabilised EBITDA on attributable basis including HMA fees On track for long-term financial goal (₹20,000 Mn EBITDA by FY30) 250 Keys BKC Acquisition 546 Keys Dubai Acquisition 80 Keys Jaisalmer HMA(1) FY25 Q1FY26 Q2FY26 Q3FY26 Strong pipeline (Acquisition & HMA) under evaluation ₹3,400 Mn (Leela Earnings)(2) 3,553 Operation al keys
Page 29
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The Leela Dubai | Highly Accretive Deal Transaction successfully closed – The Leela now holds 25% equity stake. Hotel to be rebranded under management contract with The Leela by 2027 with potential fee of ₹ 670M Note: 1USD = INR 88.20 (1) On a stabilised basis for Hotel (2) Pertains to Leela’s share (3) The total investment of $70M comprises $49M for acquisition and $21M for Capex. This also includes equity investment towards Residences. (4) Equity payback through sale of residences $70M Equity Investment (2)(3) 2-3 yrs Full payback(4) c.₹ 1,820M Annual Earnings(1)(2) c.₹ 1,150M EBITDA(1)(2) c.₹ 670M HMA Fee (1) Asset location 29
Page 30
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE The Leela Palace BKC|Tapping Luxury Demand in Mumbai CBD 30 (1) Leela’s share of Capex (2) Leela’s share on stabilised basis Return metricsInvestment metrics Optimizing capital allocation for near term accretive acquisition ~50% Non-recourse project debt ~50% Equity ~₹8,000M Capex (1) c. 350M HMA Fee c. 1,200M EBITDA c.₹ 1,550M Annual Earnings(2) Initial Render
Page 31
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Management Contract | The Leela Jaisalmer Binding agreement signed to manage The Leela Jaisalmer: An 80-key luxury hotel nearing completion, further strengthening our footprint in Rajasthan (Operational by Mid-FY27) 3131 Resort outperformance underscores robust tourism tailwinds and long-term upside The Leela Palace Jaipur The Leela Palace Udaipur The Leela Ranthambore The Leela Jaisalmer The Leela’s presence in the state of Rajasthan
Page 32
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE On Track for 1,000+ Keys Addition 32 Hotel Keys Type Timelines Progress Srinagar 170 Owned FY28 Agra 99 Owned FY28 Ranthambore 76 Owned FY28 Bandhavgarh 30 Owned FY28 Ayodhya 100 Owned FY28 Mumbai BKC 250 Owned FY30 Lease premium being paid in installments, design finalisation and site work preparation in process Sikkim 140 Managed FY27 Mumbai Waterstone 63 Managed FY27 Jaisalmer 80 Managed FY27 Constructed property. Leela branding in progress Total 1,008
Page 33
NOTES START FROM HERE AND GROW UP NO 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
Page 34
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE 34 The Leela Palace Udaipur 1 | Financial Performance 3 | Growth Updates 4 | Appendix 2 | Operational Highlights
Page 35
NOTES START FROM HERE AND GROW UP NO 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: Above metrics pertain to the period April – December 2025. 35 Leela Ke Phool 2.2 MT of floral waste upcycled Jalinga Tea 48% Tea sourced from a carbon-neutral, organic estate Leela’s Ceremonial Rituals 50 Local artists supported daily JMGU – Women Empowerment ~125K embroidered jute bags procured locally
Page 36
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE ESG – Growing Responsibly Continued success towards our net zero goal Note: COC – Code of Conduct | ABAC – Antibribery and Anti Corruption Policy (1) Pertains to April - December 2025. (2) For Permanent workforce T owards Net Zero By 2050 Environmental Stewardship 65% (1) POW ERED BY RENEW ABLES Inclusive Culture 25% (2) PERMANENT W OMEN TALENT Responsible Supply chain Heritage & Communities 100% VENDORS COMPLIANT W ITH COC AND ABAC POLICIES 7,000+ COMMUNITY MEMBERS ENGAGED FOR CHILD W ELFARE AND EDUCATIONAL ACTIVITIES 36
Page 37
NOTES START FROM HERE AND GROW UP NO 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(1) FY25 – FY28E CAGR Leela Competitive Supply(2) Till FY28E ✗ ✗ ✗ ✗ 200 keys Leela RevPAR Index (FY26)(3) 1.37x 1.54x 1.04x 2.19x 1.89x Attractive Fundamentals Supporting Same-Store Growth Located in markets with attractive demand and supply fundamentals (1) HVS Industry data - Demand-Supply Gap and Leela Competitive supply dated July 25 (2) Comparable luxury supply within the micro-market (3) Source: CoStar; Pertaining to Apr to Nov 25 ; Compared to Luxury segment for Bengaluru, New Delhi and Chennai; Compared to Luxury and Upper Upscale for Udaipur and Jaipur 37 ~460 bps ~420 bps ~680 bps ~1470 bps 1020 bps
Page 38
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Reconciliation to Operational EBITDA (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 38 (₹ in Mn) Particulars Q3 FY26 Q3 FY25 YoY 9M FY26 9M FY25 YoY GrowthGrowth Reported Total Revenue (A) 4,709 4,035 17% 11,056 9,437 17% Less: Other Income (134) (330) (628) (679) Reported Revenue from Operations (B) 4,574 3,705 10,429 8,759 Adj: Rental and other operating revenue(1) NA 70 NA 226 Adjusted Operating Revenue (C) 4,574 3,774 21% 10,429 8,984 16% Reported EBITDA (D) 2,513 2,200 14% 5,400 4,357 24% EBITDA Margin (D) / (A) 53.4% 54.5% 48.8% 46.2% Adjusted Operating EBITDA (E) 2,378 1,939 23% 4,772 3,904 22% Adjusted Operating EBITDA Margin (E) / (C) 52.0% 51.4% 45.8% 43.5%
Page 39
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Operating Metrics Units Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Occupancy % 58.7% 62.0% 69.1% 78.0% 59.7% 64.9% 69.4% 77.6% 63.6% 68.7% 71.0% ADR ₹ 16,148 19,027 23,224 24,127 16,698 18,042 25,827 27,918 18,817 19,290 30,337 RevPAR ₹ 9,475 11,790 16,052 18,808 9,975 11,712 17,912 21,678 11,963 13,262 21,551 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 1.5 x 1.6x(1) Our Journey So Far | Key Quarterly KPIs Note: RevPAR Premium source: CoStar (1) Pertains to period Oct-Nov 25 for owned domestic portfolio 39
Page 40
NOTES START FROM HERE AND GROW UP NO CONTENT BELOW THIS LINE CONTENT BELOW THIS LINE SUBTITLE BELOW THIS LINE TITLE CAN NOT GO ABOVE THIS LINE Disclaimer This presentation (“Presentation”) prepared by Leela Palaces Hotels & Resorts Limited (Previously known as ‘Schloss Bangalore Limited’) does not constitute or form part of and should not be construed as a prospectus, offering circular or offering memorandum or an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or as an inducement to enter i nto 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 authorisation of the Company’s authorized personnel. 40