STAKEHOLDERS EMPOWERMENT SERVICES Sinclairs Hotels Ltd www.sinclairshotels.com Sector - Hotels & Restaurants Report Date: 09 Jun 2014

Sinclairs Hotels Ltd

Sinclairs Hotels Ltd | BSE Code: 523023 | Market Data as on Date: 11 June 2014 Current Price (Rs) 305.00 Market Cap (Rs. Crores) 169.89 Book Value (Rs) 117.50 52 Week High (Rs) 393.00 Shares Outstanding 55,70,000 P/B Ratio 2.60 52 Week Low (Rs) 213.60 Beta - Sensex 0.14 Earnings Per Share (Rs) 7.12 Face Value per Share (Rs) 10.00 Dividend Yield (%) 6.43 P/E Ratio 42.84

Company Info: Sinclairs Hotels Limited is in the hospitality industry and has hotels / resort at , and Chalsa in , at Ooty in Tamilnadu and at Port Blair in Andaman and Nicobar Islands. The Company’s hotels and resorts include Savannah Sinclairs, Bengaluru, Sinclairs Siliguri, Sinclairs Darjeeling, Sinclairs Retreat , Chalsa, Sinclairs Bayview, Port Blair and Sinclairs Retreat Ooty. On October 31, 2011 the Company had acquired majority Interest in Savannah Hotels Private Limited.

Peer Comparison Shareholding Pattern 3.51% 3.51% 3.10% 4.67% 4.86% 0.04% Sinclairs Hotel Indian Hotels Jindal Hotels 0.04% 0.04% 0.04% 0.04%

44.21% 44.21% 45.02% 43.45% 43.45% Sales 6.16 577.72 8.47 PAT 0.71 (365.46) 0.71 Equity 5.57 80.75 6.00 EPS 1.39 (4.53) 1.18 52.24% 52.24% 51.84% 51.84% 51.65% OPM 33.27 (47.84) 33.21 NPM 11.44 (63.26) 8.34 * Peers are grouped according to sector and market cap Mar-14 Dec-13 Sep-13 Jun-13 Mar-13 Promoter FII DII Others

Quarterly Review - Mar 14: The company has recorded revenues of Rs 6.16 Crores during the current quarter as against Rs 5.78 Crores for the corresponding quarter last year. EBITDA margins for the current quarter increased to 33.28% in Mar quarter this year as compared to -46.71% in the same quarter previous year. The Profit after Tax (PAT) for current quarter stood at Rs 0.71 Crores.

Quarterly Results: Income Statement Figures in Rs Crores Mar-14 % of (1) Mar-13 % of (1) Dec-13 % of (1) Sep-13 % of (1) Revenue 6.16 5.78 6.32 4.04 Total Income 6.58 7.11 7.11 4.28 Expenditure (4.53) -73.54% (9.81) -169.72% (2.93) -46.36% (0.78) -19.31% Interest ------PBDT 2.05 33.28% (2.70) -46.71% 4.18 66.14% 3.50 86.63% PBIDT 2.05 33.28% (2.70) -46.71% 4.18 66.14% 3.50 86.63% Depreciation (0.72) -11.69% (0.51) -8.82% (0.81) -12.82% (0.58) -14.36% PBT 1.33 21.59% (3.21) -55.54% 3.38 53.48% 2.92 72.28% Tax (0.63) -10.23% 1.03 17.82% (0.97) -15.35% (0.19) -4.70% Net Profit 0.71 11.53% (2.19) -37.89% 2.41 38.13% 2.73 67.57%

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Quarter on Quarter Changes:

Quarterly EPS History Operational Profitability 4.50 3.98 100.00 86.59 5.00 80.00 66.22 4.00 1.85 3.00 1.39 60.00 38.92 / / Share) 33.27 2.00

` 40.00

1.00 Crore) 2.34 3.50 4.18 2.05 20.00 ` 0.00 0.00 -2.70 -1.00 -20.00 -2.00 ( EBITDA -46.81 -40.00 -3.00 -3.61 (%)ProfitMargin Operating Quarterly Earnings ( Earnings Quarterly -60.00 -4.00 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 EBITDA OPM %

Quarterly Income Growth Quarterly PAT Margins

7.11 7.11 2.73 6.58 80.00 2.41 3.00 ) 6.24 60.00 2.00 1.12 67.54 Crores 40.00

0.71 1.00 (`

4.28 Crore)

20.00 38.19 ` 0.00 0.00 18.65

NPM(%) 11.44 -1.00

-20.00 Net Profits ( Profits Net Total Income Income Total -37.87 -40.00 -2.00 -2.19 -60.00 -3.00 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Net Profit NPM %

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