Q2 & H1 FY20 Earnings Presentation
Portfolio Investments - Vacation Ownership & Resorts
Q2 FY20 Update
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Sterling
Holiday Differently!
EBITDA (loss) for Q2 FY20 reduced to Rs. -72 Mn. from loss of Rs. -171 Mn. in Q2 FY19. EBITDA (loss) excluding IND AS 116 is Rs. -137 Mn.
Sterling membership sales value grew by 50%
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Occupancy rate was higher by 5% as against the corresponding quarter of the last fiscal. The ARR has held at Rs. 3,705
Expansion of resort-base through an asset-light Management Contract model with new resorts in Guruvayur and Thekkady (Kerala) in this
quarter, adding over 150 rooms to inventory
Mysore (Karnataka) and Godavari -Konaseema (Andhra Pradesh) to be launched in Q3 and Q4 and will add a further 120 rooms inventory
Key Indicators
FY 14
FY 15
FY 16
FY 17
FY 18
FY19
H1FY20
VO new members additions (Nos)
3,651
5,481
6,233
5,295
4,065
2,985
1,706
Cumulative member base *
70,494
75975
74741
80,036
84,101
87,086
88,792
Average unit realization (Rs lacs)
2.21
2.38
2.52
2.88
2.99
2.99
3.5
Resort Occupancy
49%
56%
57%
63%
64%
63%
69%
Average Room Rent (ARR) (Rs)
2,291
2,730
2,982
3,123
3,529
3,756
4,497
No of Rooms
1,512
1,254
1,914
2,034
1,977
2,278
2,324
H1 FY20
Key financial Indicators (Rs mn)
FY 14
FY 15
FY 16
FY 17
FY 18
FY19
(IndAs 115)
H1FY20 (Ind
AS 116)
without Ind AS
116
Revenue from operation
Other Income
1,318.89
1,680.64
2,058.64
2,560.07
2,746.12
2,619.13
1,343.81
1,343.81
147.63
188.79
282.18
165.79
136.07
80.81
26.01
23.05
EBITDA
52.83
142.5
(146.3)
(129.7)
27.62
(191.21)
1.36
(125.83)
PAT (after exceptional items)
(159.75)
5.23
(1,271.70)
(426.61) (295.78)
(228.54)
(331.45)
(307.39)
* Includes one-time exceptional cancellation of 7,467 Members in FY 16
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