Investor Presentation

November 05, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Name of Scrip: LEMONTREE BSE Scrip Code: 541233 Subject: Investor Presentation – For Q2 & H1 FY27 Unaudited Financial Results Dear Sir/ Madam, Please find attached Investor Presentation with regard to Q2 & H1 FY27 Unaudited Financial Results and the same shall be discussed in Investors/Analyst call scheduled to be held on Wednesday, November 11, 2026, at 4:00 PM IST. The same shall also be uploaded on the website of the Company under Investor section i.e. www.lemontreehotels.com This is for your information and record please. Thanking You For Lemon Tree Hotels Limited Pawan Kumar Kumawat Company Secretary & Compliance Officer M. No: A25377 Encl: a/a Lemon Tree Hotels Limited CIN No. L74899HR1992PLC140546 Reg. Office: Lemon Tree Corporate Park, Urban Complex, Ullahawas, Sector 60, Gurugram, Haryana-122011 Corporate Office: Asset No. 6, Aerocity Hospitality District, New Delhi-110037 T +91 124 714 2310 | E hi@lemontreehotels.com Central Reservation: +91 9911 701 701| www.lemontreehotels.com Q2 FY27 Earnings Presentation Thursday, 5th November 2026 Safe Harbour Statement This presentation has been prepared by Lemon Tree Hotels Limited (“the Company”) to provide an overview of its business, performance and strategic priorities. It is intended solely for informational purposes and should not be construed as an offer, solicitation or recommendation to buy or sell any securities. The information presented herein is based on sources considered reasonable for the purpose of this presentation but has not necessarily been independently verified. The presentation should be read in conjunction with the Company’s applicable statutory disclosures and regulatory filings. Certain statements in this presentation, including those relating to business strategy, expansion plans, development pipeline, financial performance and future growth, may constitute forward- looking statements. These reflect management’s current views and are subject to assumptions, risks and uncertainties inherent in the hospitality sector and the broader business environment. Actual outcomes may differ materially due to factors including changes in travel demand, macroeconomic conditions, competitive intensity, project execution timelines, availability of capital, regulatory developments and fluctuations in operating costs, among other factors. The Company makes no representation or warranty as to the completeness or accuracy of the information contained herein and shall not be liable for any reliance placed on such information. The Company reserves the right to revise its plans, projections or statements in response to evolving circumstances and undertakes no obligation to publicly update forward-looking statements, except where required under applicable law. Nothing in this presentation should be regarded as a guarantee of future performance and recipients should exercise independent judgement when evaluating the information presented. ✦Aurika, Udaipur Contents 01 Overview Page 4 to 7 02 Q2 and H1 FY27 Performance Page 8 to 35 03 Hotel openings and signings in Q2 FY27 Page 36 to 40 04 Hotels under development Page 41 to 62 05 Inventory Snapshot Page 63 to 66 06 Proforma Financials upon the Scheme Becoming Effective Page 67 to 69 07 Appendix: Strategic rationale – ‘Composite Scheme of Arrangement’ Page 70 to 102 ✦Aurika, Mumbai For the quarter, total revenue stood at ₹363.8 crores, up 18% ₹22.1 crores, up 11% year on year. Total management fees year on year. Net EBITDA stood at ₹162.2 crores, up 22%. for Lemon Tree stood at ₹40.8 crores, an increase of 19% Like-for-like Net EBITDA (before reduction of GST Impact and year on year. Provision for Stock Appreciation Rights) stood at ₹173.7 Our management fees for H1 FY27 grew 20% to ₹86.1 crores: crores in Q2 FY27, up 31% as compared to ₹132.4 crores in Q2 FY26. PAT grew 90% to ₹79.8 crores and Cash Profit grew ₹41.5 crores from third-party-owned hotels, up 36%, and 28% to ₹97.2 crores. ₹44.7 crores from Fleur Hotels, up 8%. Network revenue grew 19% to ₹1,149 crores. Our Gross ARR stood at ₹6,751, up 8% year on year and occupancy was 76.1%, up 633 basis points year on year. Our This quarter, we acquired land in Bandra (East), Mumbai, net EBITDA margin for Q2 FY27 stood at 44.6%, 157 bps adjoining BKC, for ₹120 crores to develop Lemon Tree higher than the 43.0% we achieved in Q2 FY26. Premier, Bandra, an owned 172-room hotel. It will be our 7th hotel in Mumbai and our first in Bandra. We have deployed Executive Provision for Stock Appreciation Rights and the GST Impact together increased our expenses by 3.2% of total revenue in ~₹129 crores so far and expect to open it in FY30. Q2 FY27 (3.1% in H1 FY27) versus zero in the same periods At Aurika, Shimla, our owned 90-room hotel, we have Chairman’s last year. deployed ~₹122 crores as on 30th September 2026, and we Our gross debt as on 30th September 2026 stood at ₹1,429.2 expect to open it in FY27. Message crores, down 11% from ₹1,610.2 crores a year ago and our At Aurika, Shillong, a leased 165-room hotel, we have cost of debt reduced to 7.44%, down 28 basis points versus a deployed ~₹47 crores and expect to open in FY28. Commenting on the performance for Q2 year ago.Debtto equity improved to 0.64x from 0.86x. and H1 FY27, Mr. Patanjali Keswani, At Aurika, Varanasi, a leased 47-room heritage hotel, we have In Q2 FY27, we opened 8 managed and franchised hotels with Executive Chairman – Lemon Tree Hotels deployed ~₹1 crore and expect to open in FY29. 523 rooms. We also signed 11 managed and franchised hotels Limited said, with 825 rooms, about 1.6x the inventory we opened during At Aurika, Nehru Place, Delhi, we await final approvals; we the quarter. Our combined operational and pipeline inventory expect to open in CY31. Additionally, DDA extended Fleur’s now stands at 24,061 rooms across 285 hotels in 170+ cities, Letter of Award till August 2027, which gives us ample time to of which 138 hotels with 12,131 rooms across 80+ cities are secure all approvals. already operational. Our owned hotels grew Q2 FY27 revenue by 15% year on Network revenue for the quarter grew 23% year on year to year to ₹337 crores, and their hotel EBITDAR margin rose 112 ₹573 crores, with owned hotels contributing ₹337 crores and basis points to 53%. Our Keys portfolio continues to improve, managed and franchised hotels contributing ₹236 crores. So, with Q2 FY27 RevPAR up 29% year on year and a hotel owned hotels contributed 59% of the network revenue in this quarter. EBITDAR margin of 50%. Fees from management and franchise contracts for third- For H1 FY27, we delivered total revenue of ₹710.6 crores, up party-owned hotels stood at ₹18.7 crores in Q2 FY27, an 14%; net EBITDA of ₹314.0 crores, up 14%; PAT of ₹137.1 increase of 30% year on year. Fees from Fleur Hotels stood at crores, up 52%; and Cash Profit of ₹193.2 crores, up 22%. ✦Keys Prima, Darjeeling We Are Everywhere 2 Hotels 808 Rooms Sonmarg 8 Hotels 1,411 Rooms Srinagar Gulmarg Jammu Dalhousie Katra McLeodganj Kufri Pathankot Manali 12,131 Operational Rooms B Ka ad sd ai uliAm Kr ai rt ts aa rr pur M Da es hh ro ab dr ua n Shimla 26 Hotels 3,404 Rooms Moga Mussoorie Ludhiana Kurali Rishikesh 138 Barog Badrinath 18 Hotels 2,558 Rooms Operational Hotels Sri Gang Za irn aa kg pa ur rJal Ca Hhn a id snh ada rir garh AK mha H br aaa lrr aMid ew ea rr N Jie me l Ck uKa o khn r tub eth re spt ht a wta al rNajibabad K Da ern lha il Ghaziabad Rudrapur in 80+ Cities including 2 International Markets BG hu ir wu ag dr iam Noida ChB aa nre di all uy si Gangtok Dibrugarh 71 Hotels 4,913 Rooms 11,930 San Kk uh mw ba hs aPG lu ga s ar h rh hkar AjmeJ raipur AlwaG M rr a. n N eo si ad ra ArgaVA rl ii ng dar ah van RewaLuck Cn ho itw raA koyo od thy Ga oM at hi th ar ri Darjee Mli in r [Showing first 8,000 characters — download PDF for full document]