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 2 F Y 2 7 E A R N I N G S R E L E A S E The Leela Palace Bengaluru 1 4 O c t o b e r 2 0 2 6 Leela Palaces Hotels & Resorts 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 Q2FY27 | 30%+ Growth Across All Key Metrics Record RevPAR Growth Pricing Power Amplified by Demand Strength Strong Top-Line Momentum Continues Consecutive quarters of 35%+ EBITDA Growth 30% RevPAR Growth 1 2 3 4 36% Operating EBITDA Growth 33% Operating Revenue Growth 30% ADR Growth 2
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 Record 30% RevP AR Growth Note: Metrics presented above pertains to Owned Domestic Hotels, including Coorg 3 Broad-Based Demand and Premium Room Mix Drove ADR Growth; BRICS Added Further Lift RevPAR (₹) ADR (₹) OCCUPANCY (%) 13,262 17,225 Q2FY26 Q2FY27 19,290 25,046 Q2FY26 Q2FY27 69% 69% Q2FY26 Q2FY27 +30% +30% 1 Ex-Coorg Occupancy has risen to over 70%
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 Strong Underlying Drivers of Demand and ADR 4 2 30%+ Domestic Revenue Growth >700bps Rise in Suite Occupancy Compression Event All-round Growth Across Retail, Corporate and Leisure Segments
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 All Growth Levers Engaged, Driving Momentum 5 3 O p e r a t i n g R e v e n u e ( ₹ M n ) 3,106 571 441 4,119 Q2 FY26 Room Revenue Non- Room Revenue Q2 FY27 +39% +27% +33% Balanced Revenue Growth led by Same-store and Asset Addition, F&B and Fee Income Streams
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 Second Consecutive Quarter of 35%+ EBITDA Growth 1,014 1,379 2,394 1,434 1,877 3,311 Q1 Q2 H1 FY26 FY27 +41% +36% YoY Operating EBITDA Growth O p e r a t i n g E B I T D A ( ₹ M n ) +38% 4 6 Demand Acceleration Strengthened Pricing Power and Drove EBITDA Growth
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 The Leela | Value Proposition 1. Revinate, For H1FY27 2. Source: CoStar for Apr to Aug 2026 7 The Leela Pure Play Luxury Hospitality Brookfield The Sponsor & Promoter Best in Industry Operational Excellence Strong RevPAR Index (1.46x vs luxury)(2) Superior Margins, Asset Productivity and Cost Discipline Luxury Market Focus Demand-Supply CAGR Gap (4.9% in FY25-28E) Strong Growth Pipeline (1,000+ Luxury Keys) Brand Strength 40 Years of Timeless Indian Luxury NPS Leadership (87)(1) Backing of Long Term Capital, Institutional Ownership and Sound Governance Capital and Network provides Unique Growth Channels (BKC, Mumbai, Palm Jumeirah, Dubai & Luxury Residences Mumbai)
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 The Leela | Expanding Across India’s Finest Destinations 1. Including 38 keys under development at The Leela Palace Udaipur and expansion of 19 keys at Coorg 2. Share of Branded Luxury Hotel rooms. HVS Anarock Research Strong Growth Pipeline ~50% Owned, 50% Managed 25 Properties 15 Operational Properties 10 Properties in Pipeline 5,257 Keys 2,646 Owned Keys 2,611 Managed Keys The Leela’s Operational Portfolio Contributes ~12% of India’s Luxury Hospitality Rooms2 Delhi NCR Udaipur Gandhinagar Chennai Bengaluru Mumbai Jaipur Ashtamudi Kovalam Agra Sikkim Hyderabad Srinagar Ayodhya Ranthambore Bandhavgarh Dubai Jaisalmer Coorg Tadoba Operational: 15 Hotels | 4,162 Keys Pipeline: 10 Hotels | 1,095 Keys(1) 8
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 The Leela | Scaling Luxury Across Markets, Segments & V erticals 1. For 5 Owned Palaces 2. Basis Management information 3. Includes contracted hotels which will get operationalized by FY30 9 15 | 4,162 (1.9x | 1.7x) 7 | 1,834 (1.8x | 1.8x) 17,460 (2.3x over FY20) 1.5x 8,133 (4.2x over FY20) 51% 25 | 5,2573 14 | 2,6463 New Deals (Acq. + HMA) under evaluation • 10 Openings, expanding into 8 New Locations spanning multiple segments • New verticals, including Luxury Residences and Clubs Total Properties | Keys Owned Properties | Keys RevPAR1 (INR) RevPAR premium1 (Vs India Luxury) EBITDA (INR Mn) EBITDA Margin 8 | 2,498 4 | 1,007 7,584 1.2x 1,930 34% FY 202 FY 26 FY 30 A Decade of Growth: 2x Keys, 3x Properties and 10x EBITDA over FY20-FY30
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 The Leela | Consistent Performance Since Listing 10 RevPAR Operating EBITDA Growth 20% 13% 20% 5% 17% 30% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 39% 12% 23% 13% 41% 36% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Impact of west Asia Conflict in Mar-26 Consistent Double-Digit Growth* Addition of 5 Marquee Assets BKC Mumbai CBD Hotel Dubai International Leisure Jaisalmer Leisure Resort Coorg Wellness Resort Tadoba Wildlife Resort Render Actual Actual Actual *except Q4FY26 RevPAR which was impacted by West Asia Conflict Render
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 Operational Performance01 The Leela Ranked #2 Globally Amongst Best Hotel Brands in the World
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 12,662 15,948 H1FY26 H1FY27 Broad-Based RevP AR Growth Across the Portfolio City Hotels at record 74% H1 occupancy, while Resorts continue to grow RevPAR amidst Coorg ramp-up Chart not to scale Note: Metrics presented above pertains to Domestic Owned Hotels, including Coorg 12 CITY HOTELS REVPAR ( ₹ ) 12,456 14,722 H1FY26 H1FY27 +26% +18% RESORT HOTELS REVPAR ( ₹ ) Occupancy 69% 74% 56% 53% Ex-Coorg Occupancy near 60%
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 8,641 12,182 9,769 14,305 Outperforming Luxury Industry Benchmark by ~1.5x Sustained Outperformance with RevPAR Index expanding to 146 from 141 LY Source: CoStar; The Leela metrics presented above pertains to Owned Palaces, including Coorg 1. Metrics above, for both The Leela and the India Luxury segment are represented for the period April to August for both FY26 & FY27 as the data pertaining to Sep’26 has not been published as of the date of this presentation 13 Yo Y REVPAR GROW TH (1) India Luxury Segment Apr-Aug’25 Apr to Aug’26 +13% +17% The Leela delivered a 5 pts Market Share Gain vs India luxury
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 Occupancy Continues to Strengthen, in tandem with ADRs 14 Meaningful Occupancy Headroom Available to Capture Growing Demand 66.5% 66.9% 67.9% 68.7% FY23 FY24 FY25 FY26 66.2% 68.1% H1FY26 H1FY27 ADR Occupancy 17,248 25,36922,54520,966 19,064 22,917
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 Scaling Direct Demand Through Brand Website 15 Brand Website Contribution to Room Revenue 5.5% 10.5% 15.1% H1 FY25 H1 FY26 H1 FY27 Brand Website Contribution Increasing Consistently, Improving Distribution Economics
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 The Leela - A Preferred Choice for High-Profile Events Prime locations and strong brand equity enable significant ADR premiumization during high-profile events FY24 FY25 FY26 FY27 Q4FY27 Events Successfully Leveraged Upcoming Events India’s Growing Events / MICE Calendar provides a Structural tailwind to ADRs 16
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 84 85 86 87 FY24 FY25 FY26 H1FY27 Consistently at Pole Position and Improving Customer Experience Source: Revinate. The Leela NPS presented above pertains to Entire Leela Hotel Portfolio for H1FY27 1. Industry average from Revinate Hospitality Benchmark Report for Luxury segment in APAC Region for respective Calendar year 17 7674 Industry Average for Luxury segment1 74 Excellence in Guest Service Standards, Reflected in The Leela’s RevPAR Premium The Leela Net Promoter Score (NPS)
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 Three Palaces Awarded Michelin Keys for Two Consecutive Y ears The Leela New Delhi, Jaipur and Chennai continue to be recognized among India's finest hospitality destinations 18 The Leela Palace New Delhi The Leela Palace Jaipur The Leela Palace Chennai 2 Michelin Keys 2 Michelin Keys 1 Michelin Keys
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 The Leela Palace, Bengaluru: The City’s Luxury Destination * vs peer set ^ For Apr’26-Aug’26 Fueled by Premium Positioning, Operating Excellence and Active Asset management 19 Asset Management Market Leadership #1 by RGI over last 4 years* 16% RevPAR CAGR (FY23-26) 1.5x RGI Index^ Azulian House launched in Q1FY27 Over 90% Non-Resident Covers Maharaja Ballroom Converted idle parking area to MICE centre ZLB23 Bar (Asia's 50 Best Bars 2025) Converted unutilized space to Speakeasy Bar
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 Financial Highlights02 The Leela Palace Udaipur Ranked #2 Resort In India
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 Particulars Q2 FY27 Q2 FY26 Growth % H1 FY27 H1 FY26 Growth % Room Revenue 2,041 1,470 39% 3,680 2,782 32% F&B Revenue 1,456 1,206 21% 2,782 2,269 23% HMA Fees 289 164 76% 551 305 81% Other Operational Services Revenue 333 266 25% 625 499 25% Operating Revenue 4,119 3,106 33% 7,638 5,854 30% Robust Revenue Growth Across Segments Other Operational Services Revenue comprises income from Wellness, Retail, Club Membership, Transport and other services 21 (₹ in Mn) Operating Revenue Up 33% for Q2FY27, Underpinned by 20%+ Growth Across All Segments Key Drivers Room Revenue • Same store growth led by both City Hotels and Resorts • Addition of Coorg Inventory F&B Revenue • Growth led by both Pricing and Covers • Growth in Non-Resident Covers at City Hotels HMA Fees • Ramp-up of managed properties, including higher fees in some contracts linked to performance and past key money investments
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 48% 36% 7% 8% Diversifying Revenue Mix and Growing Non-Room Streams Room Revenue F&B Revenue HMA Fees Other Operational Services Revenue More Than Half the Revenue Comes From Beyond Rooms 22
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 Particulars Q2 FY27 Q2 FY26 Var.% H1 FY27 H1 FY26 Var.% Revenue from operations 4,119 3,106 33% 7,638 5,854 30% Other Income 62 228 (73%) 147 493 (70%) Total Revenue 4,180 3,334 25% 7,785 6,348 23% EBITDA 1,939 1,607 21% 3,458 2,887 20% Operating Revenue 4,119 3,106 33% 7,638 5,854 30% Operating EBITDA 1,877 1,379 36% 3,311 2,394 38% Operating EBITDA Margin 46% 44% 118 bps 43% 41% 246 bps Less: Finance costs 384 381 1% 777 1,241 (37%) Less: Depreciation and amortisation expenses 336 270 24% 663 534 24% Add: Share of net profit/(loss) of joint ventures & associate (1) (115) (24) - (271) (23) - Profit before tax 1,104 932 18% 1,747 1,089 60% Less: Total tax expense 158 185 (15%) 314 255 23% Profit for the period 946 747 27% 1,433 834 72% Strong Operating Momentum Across H1FY27 1. Primarily attributable to 25% stake in Dubai Palm Jumeirah Hotel (₹ in Mn) Notes • Robust EBITDA margin (+118 bps) • Higher depreciation on addition of Coorg and various value drivers • Improvement in Dubai JV Contribution vs Q1FY27 • Lower Tax on recognition of Deferred Tax Asset for Coorg 23
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 Growth-Ready Balance Sheet 1. Includes both Current & Non-Current portions 2. Excludes restricted cash & bank balances for the respective period end Particulars Sep’26 Mar’26 Non-Current Assets 85,507 83,667 Cash and Bank Balance(1)(2) 3,455 2,861 Current Assets 2,732 2,709 Total Assets 91,694 89,237 Equity Share Capital 3,340 3,340 Reserves and Surplus 62,225 60,697 Non-controlling interest 490 490 Total Equity 66,054 64,527 Borrowings(1) 15,605 15,568 Other Non-Current Liabilities 6,166 6,101 Current Liabilities 3,869 3,041 Total Liabilities 25,640 24,710 Total Equity & Liabilities 91,694 89,237 (₹ in Mn) 3.7x 1.6x 1.4x March 2025 March 2026 Sep 2026 25,677 12,707 12,150Net Debt Net Debt to LTM EBITDA • Long-dated Debt Maturity Profile (10+ years) • AA (Stable) credit rating underscores financial strength • Interest rate further reduced by 30bps from mid-Oct’26 Significant capacity to fund future growth initiatives 24
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 Growth Updates03 The Leela Palace New Delhi Ranked #2 City Hotel In India
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 FY27 Openings: Wellness, Desert Leisure & Luxury Homes *+19 keys potential expansion 26 The Leela JaisalmerThe Leela Coorg Forest Sanctuary The Leela Luxury Residences, Mumbai A Luxury Desert Resort and Spa (80 Keys, Managed) Pre-Opening in Progress Iconic Resort in South India (71 Keys*, Owned) Rebranded on 8th July 2026 New Business Vertical (63 Keys, Managed) Pre-Opening in Progress
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 Key Value Drivers Underway 27 ARQ New Delhi Azulian House Bengaluru ARQ Chennai Solar Plant Coorg Wellness Facility Bengaluru Hybrid Plant Chennai New Vertical Cost OptimizationSame Store Actual Actual Render Render RenderRender
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 On Track for 1,000+ Keys Addition Across Pipeline Assets 28 Keys Timelines Status Jaisalmer 80 CY26 Public area works advancing as planned Mumbai (Waterstones) 63 CY26 Interior fit-outs have advanced significantly and are in the final stages of execution Srinagar 170 CY27 Guest Room civil work in progress Bandhavgarh 30 CY27 Villa construction advancing steadily, with structural work progressing as planned Sikkim 140 CY28 Main block and villa civil works underway Ayodhya 100 CY28 Project has advanced to the Shell & Core Agra 99 CY28 Piling works completed. Excavation, Shell & Core to start Ranthambore 76 CY28 Fort wall stabilization in progress Tadoba 30 CY30 Survey work in progress. Appointment of Architect/Consultant in progress Mumbai (BKC) 250 CY30 Lease premium paid and Lease Agreement executed. Design finalization and site preparation in progress Total 1,038 Activities in Full Swing Across Entire Pipeline
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 Expansion Pipeline: Execution in Full Swing 29 Jaisalmer Waterstones Srinagar Bandhavgarh Public area works in progress Fit-Outs in progress Civil work in progress Construction of villas in progress Launching This year Launching Next year
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 | Value-Creation Levers 30 Operational Excellence Capitalizing on Robust Domestic Demand Poised to capture International Demand recovery Ramp-up of 8 F&B outlets, and serving non-residents Margin improvement through Cost optimization Value Drivers ARQ Clubs MICE and F&B Spaces World class Wellness facility Retail Space Renewable Power plants Expansion 6 New Hotels at Marquee locations 5 New Managed Contracts Dubai Palm Jumeirah BKC Mumbai Rebranding and ramp-up of Coorg Scaling Leela Talent and Culture
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 ESG04 The Leela Palace Jaipur Ranked #5 Resort In India
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 Recognized Certification Showcasing ESG 32 Green Building All Owned Hotels Platinum Rating certified Responsible water management For long-term water resilience Design for Greater Efficiencies Advanced Rating: Largest Hospitality Portfolio in South-East Asia to get Advanced Rating Eliminating single-use plastics By 2030
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 Annexure05 ZLB23 30 Best Bars in India
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 Operating Metrics Units Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26* Q1 FY27 Q2 FY27 Occupancy % 59.7% 64.9% 69.4% 77.6% 63.6% 68.7% 71.0% 71.4% 67.5% 68.8% ADR ₹ 16,698 18,042 25,827 27,918 18,817 19,290 30,337 32,012 20,722 25,046 RevPAR ₹ 9,975 11,712 17,912 21,678 11,963 13,262 21,551 22,862 13,982 17,225 RevPAR Growth % 20% 13% 20% 5% 17% 30% RevPAR Index (vs India Luxury segment) 1.23x 1.37x 1.41x 1.56x 1.35x 1.52x 1.57x 1.57x 1.41x 1.55x^ Our Journey So Far | Key Quarterly KPIs Note: RevPAR Premium source: CoStar Data for Owned Hotels *Restated ^For the period Jul-Aug ’26 34
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 “Atithi Devo Bhava (Guest is God)” The Leela Palace Udaipur
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 Disclaimer 36 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.