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The Indian Hotels Company Limited The Indian Hotels Company Limited Corporate Presentation May ,2016 1 Disclaimer These presentations contain forward - looking statements within the meaning of applicable securities laws . Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward - looking statements . Forward - looking statements are not guarantees of future performance and involve risks and uncertainties and other factors that may cause actual results to differ materially from those anticipated at the time the forward - looking statements are made . Future results, performance and achievements may be affected by general economic conditions, regulatory environment, business and financing conditions, foreign exchange fluctuations, cyclicality and operating risks associated with the hospitality industry and other circumstances and uncertainties . Although we believe the expectations reflected in such forward looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ . We undertake no obligation to publicly update or revise any forward - looking statement, whether as a result of new information, future events or otherwise 2 Key Highlights Monsoon, 2015 GDP growth India’s GDP World GDP growth Inflation, of India higher projected to Oil Prices, projected at 3.2% than China grow by 7.5 % in Reforms key areas for 2016 7.3% vs 6.9% 2016/17 to look out for i n India’s growth Foreign Tourists Growth rate in Occupancies Domestic Tourists Domestic arrivals growth at show improvement & rooms Demand 10 % for However, ARRs F&B to drive Outpaces supply Jan to April 2016 remain flat growth (E visa Scheme) growth Taj Group crowned Taj Group Taj Group featured Added 1400 rooms the Best Hotel on the list of portfolio in 2015/16. Group in India 10 of the World’s touches 136 Hotels; To add 900 rooms Room inventory at the T+L India's Best Luxury Hotel in current year Of 16759 Best Awards Brands by Forbes Currently in To Pursue Divestment Focus on growth Completed Restructuring of by management process of of Taj Boston, whilst International Overseas contracts to ensure Holdings, now housed amalgamating two Retaining management in a offshore WOS minimal capital WOS with IHCL contract requirement 3 Presentation Structure . Industry Highlights . Taj Group – An Overview . New Inventory . Land Bank . Financial Performance . Awards & Accolades 4 Industry Highlights 5 Industry Highlights - Outlook . International travel and tourism arrivals grew by 4 . 4 % to reach a total of 1 , 184 million in 2015 , 50 million more than in 2014 . Strong growth in Americas (+ 5 % ), Asia Pacific (+ 5 % ), Europe (+ 5 % ), the Middle East (+ 3 % ), whilst limited data available for Africa points to a ( 3 % ) decrease in that market . As per WTTC Travel & Tourism sector generated US $ 7 . 2 trillion ( 9 . 8 % of global GDP) supported 284 million jobs . Over the next ten years, travel and tourism is anticipated to contribute US $ 11 . 0 trillion in GDP to the world economy, and will support 370 million jobs worldwide . 2015 /16 saw a supply growth of 3.9%, while demand increased by 10.5% over the previous year. Most key cities witnessed an increase in supply in the range of 3% to 6% . E - Tourist Visa scheme for India is now available across 150 countries, at 16 Airports in India. Source : WTTC, UNWTO, Ministry of tourism India, STR Global 6 Foreign Tourist Arrivals in India . Foreign tourist arrivals in India have shown growth in each quarter for past 5 years . Foreign tourist arrivals during 2015 / 16 were 82.42 lakh, a growth of 6.2% 7 Source : Ministry of tourism India India : Source Markets In Lakhs No of Arrivals Percentage Share Country of Nationality 2013 2014 2015 2013 2014 2015 America North America 13.4 13.9 14.9 19.2% 18.1% 18.6% Central and South America 0.7 0.7 0.7 1.0% 0.9% 0.9% 14.1 14.6 15.7 20.2% 19.0% 19.5% Europe Western Europe 18.6 18.6 18.8 26.6% 24.2% 23.4% Eastern Europe 4.1 4.2 3.3 5.8% 5.5% 4.1% 22.6 22.8 22.1 32.4% 29.7% 27.5% Asia West Asia 3.4 4.1 4.2 4.9% 5.4% 5.2% South Asia 12.2 16.9 19.5 17.4% 22.1% 24.2% South East Asia 6.3 6.9 7.0 9.0% 8.9% 8.7% East Asia 5.5 5.5 5.6 7.9% 7.1% 6.9% 27.4 33.4 36.2 39.3% 43.5% 45.1% Africa 2.8 2.8 2.9 4.0% 3.7% 3.7% Australia & New Zealand 2.6 2.9 3.1 3.8% 3.7% 3.9% Others 0.2 0.3 0.2 0.3% 0.4% 0.3% 69.7 76.8 80.3 100.0% 100.0% 100.0% 8 Source: - INDIA TOURISM STATISTICS 2015 Domestic Visits – Growing over the Years Figures in crores Source: INDIA TOURISM STATISTICS 2014 Domestic travel visits continue to show robust growth and grew 12.9 % in 2014 9 India Hotel Performance – Key cities 2015 / 16 • There has been an overall 3 . 9 % increase in Supply in 2015 / 16 as compared to the same period last year . • Demand growth has been 10 . 5 % for this period However, the supply / demand gap is still significant in most cities, impacting ARRs 10 Source : STR Global Occupancies % – Year on Year Trend . All Cities have witnessed improved occupancy levels over the previous year 11 Source : STR Global ARRs – Year on Year Trend . Despite growth in domestic demand , ARRs have continued to be flat , across India 12 Source : STR Global Taj Group – An Overview 13 Business Structure IHCL By business portfolio By legal entity Owned hotels Subsidiary companies Leased/ Licensed hotels Joint ventures Managed hotels Associate companies 14 Taj Group Major Companies Company Name Effective Company Name Effective Holding % Holding % Subsidiaries Joint Ventures Piem Hotels Ltd 51.57 Taj GVK Hotels & Resorts Ltd 25.52 Taj SATS Air Catering Ltd 51.00 Taj Madras Flight Kitchen Pvt Ltd 50.00 TIFCO Holdings Ltd [ Investment Company ] 100.00 Taj Kerala Hotels & Resorts Ltd 28.30 Benares Hotels Ltd 51.68 Taj Karnataka Hotels & Resorts Ltd 44.27 United Hotels Ltd 55.00 Taj Safaris Ltd 28.96 Roots Corporation Ltd 63.25 Kaveri Retreat & Resorts Ltd 50.00 Lands End Properties Pvt Ltd 100.00 IHMS (SA) Pty Ltd 50.00 Skydeck Properties Pvt Ltd 100.00 TAL Hotels & Resorts Ltd 27.49 United Overseas Holdings, Inc. 100.00 St James Court Hotel Ltd 72.25 Associates IHOCO BV [ Investment Company ] 100.00 Oriental Hotels Ltd 35.67 Samsara Properties Ltd [ Investment Company ] 100.00 Lanka Island Resorts Ltd 24.66 TAL Lanka Hotel PLC 24.62 15 Taj Brand Extensions 16 Taj Group Inventory Brand Distribution Brands Domestic International Total No of Inventory No of Inventory No of Inventory Hotels Hotels Hotels 20 3,415 10 1849 30 5,264 35 4,946 5 575 40 5,521 31 2,596 1 208 32 2,804 34 3,170 - - 34 3,170 Total 120 14,127 16 2,632 136 16,759 17 Current Portfolio # Company/ Hotel/ Unit Rooms # Company/ Hotel/ Unit Rooms # Company/ Hotel/ Unit Rooms HOLDING COMPANY SUBSIDIARY COMPANIES SUBSIDIARY COMPANIES (Continued) Piem Hotels Limited Roots Corporation Limited The Indian Hotels Company Limited 4406 (Taj Group – 51.57%, Nagpals – 39.47%) 922 (Taj Group – 66.9%, Tata Fund – 27.6%) 2655 1 Taj Mahal Palace, Mumbai 550 26 Vivanta by Taj - President, Mumbai 287 41 Ginger Hotel - Agartala 100 2 Taj Lands End, Mumbai 493 27 Vivanta by Taj - Blue Diamond, Pune 110 42 Ginger Hotel - Ahmedabad 93 3 Taj Wellington Mews, Mumbai 78 28 Vivanta by Taj - Gomti Nagar, Lucknow 110 43 Ginger Hotel - Bangalore (Whitefield) 101 4 Taj Mahal Hotel, New Delhi 292 29 Vivanta by Taj - M G Road, Bangalore 167 44 Ginger Hotel - Bangalore (Inner Ring Road) 88 5 Taj Palace, New Delhi 403 30 The Gateway Hotel - Ambad , Nashik 148 45 Ginger Hotel – Bhubaneshwar 101 6 Taj Bengal, Kolkata 229 31 The Gateway Hotel - Fatehabad Road ,Agra 100 46 Ginger Hotel - Chennai (Vadapalani) 79 7 Taj West End, Bangalore 117 47 Ginger Hotel - Chennai (IITM) 85 8 Taj Lake Palace, Udaipur 83 United Hotels Limited 48 Ginger Hotel – Faridabad 91 9 Taj Falaknuma Palace, Hyderabad 60 (Taj Group – 55%, Kumar Family – 45%) 49 Ginger Hotel – Goa 135 10 Taj Exotica, Goa 140 32 Vivanta by Taj - Ambassador, New Delhi 88 50 Ginger Hotel – Guwahati 70 11 Vivanta by Taj - Aurangabad, Maharashtra 63 51 Ginger Hotel – Indore 95 12 Vivanta by Taj - Connemara, Chennai 150 Benares Hotels Limited 52 Ginger Hotel – Jaipur 103 13 Vivanta by Taj - Dwarka , New Delhi 250 (Taj Group – 53.7%, Royal Family – 8.8%) 174 53 Ginger Hotel – Jamshedpur 94 14 Vivanta by Taj - Fort Aguada, Goa 145 33 Nadesar Palace – Varanasi 10 54 Ginger Hotel – Mangalore 79 15 Vivanta by Taj - Holiday Village, Goa 142 34 The Gateway Hotel - Ganges, Varanasi 130 55 Ginger Hotel - Mumbai (Andheri East) 116 16 Vivanta by Taj - Hari Mahal, Jodhpur 93 35 The Gateway Hotel - Balaghat Road, Gondia 34 56 Ginger Hotel – Mysore 98 17 Vivanta by Taj - Whitefield, Bangalore 199 57 Ginger Hotel – Nashik 92 572 18 Vivanta by Taj - Yeshwantpur , Bangalore 327 International Hotel Mgmt Services Inc (Taj Group - 100%) 58 Ginger Hotel - Delhi (Rail Yatri Niwas) 109 19 Jai Mahal Palace, Jaipur 100 36 The Pierre, New York 189 59 Ginger Hotel - East Delhi 82 20 Usha Kiran Palace, Gwalior 40 37 Taj Boston, Boston 273 60 Ginger Hotel – Noida 83 21 Vivanta by Taj - Guwahati 150 38 Taj Campton Place, San Francisco 110 61 Ginger Hotel – Pantnagar 98 22 The Gateway Hotel - Residency Road, Bangalore 98 62 Ginger Hotel – Pondicherry 94 23 The Gateway Hotel - Beach Road, Calicut 74 St James Court Hotels Limited 63 Ginger Hotel - Pune ( Wakad ) 128 24 Hotel Chandela , Khajuraho 90 (Taj Group – 100 % ) 423 64 Ginger Hotel - Pune ( Pimpri ) 97 25 Hotel Savoy, Ooty 40 39 St.
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