Investor Presentation

**Financial Highlights:** Viceroy Hotels reported a challenging Q1 FY26, with revenue at ₹26.45 Cr (down from ₹27.50 Cr YoY) and EBITDA at ₹4.82 Cr (down from ₹5.58 Cr), leading to an EBITDA margin of 19.0% (vs 20.6%). The company posted a net loss of ₹3.02 Cr for the quarter, largely attributed to partial renovations at Courtyard by Marriott.

Operational metrics show ADR up 14.7% but combined occupancy down 12.9%, impacting RevPAR. **Strategic Initiatives & Growth Drivers:** The company plans a significant ₹100+ Cr investment over 2-3 years to renovate and upgrade existing properties, including new rooms, a spa, gym, rooftop bar, and convention center upgrades, with expansions expected by Q3 FY26. A new 200-room Courtyard by Marriott project in Madhapur is also in the pipeline, aligning with the broader Indian hospitality sector's projected growth. **Business Developments:** Following a corporate insolvency resolution process, the company's resolution plan was approved, leading to a significant share capital infusion by Loko Hospitality Private Limited (a subsidiary of AAFL Group) and a restructuring of shareholding.

This marks a new chapter under new ownership/management. **Market Position & Competitive Advantage:** Operating in Hyderabad, a city showing strong hospitality growth and leading RevPAR growth, Viceroy Hotels benefits from its established presence since 1993, including the first Marriott hotel in Hyderabad.

Its vision is to become a top brand in Asia's hospitality landscape. **Investor Implications:** While Q1 performance reflects short-term operational headwinds due to renovations, the substantial capex plans and a new project suggest long-term growth potential.

The new management and financial restructuring provide a foundation, though execution of these large-scale upgrades will be key to future performance.