Investor Presentaiton
Leisure: Q3 2023/24
Q3 Earnings Update:
John
Keells
Group
2022/23
2023/24
Key indicators
(Rs. mn)
Q3
Q4
Q1
Q2
Q3
Q3
2023/24
Q3
2022/23
Colombo Hotels*
EBITDA
2,560
1,898
Occupancy (%)
43
62
49
67
57
ARR (USD)
65
63
70
69
88
EBITDA Margin (%)
12
14
(3)
13
16
Sri Lankan Resorts
Occupancy (%)
38
62
55
71
66
ARR (USD)
63
71
59
62
80
EBITDA Margin (%)
(11)
33
(18)
4
15
Maldivian Resorts
Occupancy (%)
91
89
82
82
88
ARR (USD)**
359
404
325
301
379
EBITDA Margin (%)
31
40
23
17
31
*Occupancies and ARRS exclude "Cinnamon Red Colombo". The performance of "Cinnamon Life Colombo",
currently under construction, will be reported once the project commences operations.
**ARRS net of Green tax.
The Sri Lankan Leisure businesses continued to
record an improvement in performance, with
an increase in occupancies and room rates
across properties, on the back of a sustained
recovery in tourist arrivals to the country.
The Colombo Hotels segment continued its
strong performance in restaurant operations
whilst recording an increase in the number of
events and banquets.
■ The Maldivian Resorts recorded a marginal
decline in performance on account of the
translation impact stemming from the
appreciation of the Sri Lankan Rupee by ~13%
in comparison to Q3 2022/23, although the
underlying operating performance recorded a
marginal increase on account of an increase in
ARR and a reduction in power and energy costs
against the previous year.
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