Q3 Delivers a Strong Performance for IHCL

Q3 DELIVERS A STRONG PERFORMANCE FOR IHCL 6% Growth in Revenue Y-o-Y 7% Growth in EBITDA Y-o-Y 16% Growth in Profit After Tax Y-o-Y Mumbai, February 12, 2018: Indian Hotels Company Ltd, a leading hospitality company in South Asia reported its Consolidated and Standalone financials for the third quarter ending, December 31, 2017. CONSOLIDATED FINANCIAL RESULTS FOR QUARTER ENDING DECEMBER 31, 2017 Revenue at ₹ 1,217 crore + 6% Y-o-Y EBITDA at ₹ 300 crore + 7% Y-o-Y EBITDA margins of 24.68%, an expansion of 0.20% Y-o-Y PAT at ₹ 108 crore + 16% Y-o-Y Commenting on Q3 performance, Mr. Puneet Chhatwal, MD and CEO of IHCL said, “For the third quarter our company demonstrated a good performance through enhanced revenues and cost optimization measures. During the year we have added and upgraded an inventory of over 1,300 rooms including our flagship hotel Taj Mahal Palace in line with our efforts to consolidate our positioning of being an iconic and profitable hospitality company.” Mr.Chhatwal added, “The Industry is entering the strongest upcycle where demand is outpacing supply of rooms. We look forward to benefiting from this growth given our strong network of hotels in India and key gateway cities of the world.” Mr.Giridhar Sanjeevi, CFO said: “As a consequence of balance sheet management initiatives combined  with the recent successful rights issue, our debt to equity ratio of the company has reduced to 0.47 and it remains our focus to support growth while containing our leverage ratios.” KEY HIGHLIGHTS During the year, the Company opened six hotels (443 keys) under Ginger, the fastest growing brand in the budget lodging segment. These hotels are in some of India’s key markets like Mumbai, Gurgaon, Lucknow and Gujarat. Taj Exotica Resort & Spa, Havelock, Andamans, a luxury resort offering, opens in February 2018. Andamans is poised to be one of the top destinations to travel to in 2018, with its picturesque and idyllic virgin beaches. With the opening of this resort, IHCL’s position, as a pioneer in developing India’s tourism and having the largest network of leisure hotels gets further strengthened. Renovation of several of our landmark hotels including our iconic flagship hotel Taj Mahal Palace, Mumbai, Taj Lands’ End, Mumbai, Taj Bengal Kolkata, Taj Exotica Resort & Spa, Goa and Taj Fort Aguada Resort & Spa, Goa has been completed.  This has delivered world class products, augmented in-room features, refreshed and vibrant culinary destinations. AWARDS & RECOGNITION PEOPLE CAPITAL INDEX IHCL featured on the list of India’s 50 Best Companies for Talent Satisfaction at the People Capital Index Awards THE TELEGRAPH TRAVEL AWARDS Taj Hotels Palaces Resorts Safaris was voted Best Hotel Group: Runner-Up at The Telegraph Travel Awards TRIPADVISOR TRAVELERS’ CHOICE AWARDS Umaid Bhawan Palace, Jodhpur was recognized as the Best Hotel in India; ranked number 2 in Asia and number 3 in the World’s Best Hotels list CONDE NAST TRAVELER USA The Taj Mahal Palace, Mumbai and Taj Lake Palace, Udaipur featured on Conde Nast Travelers’ Gold List CONDE NAST TRAVELER USA READERS’ CHOICE AWARDS Rambagh Palace, Jaipur, Umaid Bhawan Palace, Jodhpur and Taj Diplomatic Enclave, New Delhi featured on the list of 50 Best Hotels in the World