Analysts/Institutional Investor Meet/Con. Call Updates

LEELA PALACES HOTELS & RESORTS LIMITED (formerly known as Schloss Bangalore Limited) Registered Office: The Leela Palace, Diplomatic Enclave, Africa Avenue, Netaji Nagar New Delhi South Delhi 110023 Tel No. +91 (11) 39331234 Email Id: cs@theleela.com CIN: L55209DL2019PLC347492 Website: www.theleela.com Ref No. THELEELA/2026-27/035 Date: August 6, 2026 To To Sr. General Manager Sr. General Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai – 400001 Bandra (E), Mumbai – 400 051 Scrip Code- 544408 Symbol- THELEELA ISIN - INE0AQ201015 ISIN - INE0AQ201015 Sub: Transcript of the Analysts / Institutional Call Dear Sir/ Madam, In continuation to our letter dated July 28, 2026 and pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the Leela Palaces Hotels & Resorts Limited Q1’FY27 Earnings Conference Call held on July 31, 2026. The above information will also be available on the website of the Company at www.theleela.com/investors. We request you to kindly take the above on record. Thanking you, For Leela Palaces Hotels & Resorts Limited (formerly known as Schloss Bangalore Limited) Jyoti Maheshwari Company Secretary and Compliance Officer Membership No.: A24469 Encl.: as Above Leela Palaces Hotels & Resorts Limited Q1 FY27 Earnings Call July 31, 2026 MANAGEMENT: MR. ANURAAG BHATNAGAR, WHOLE TIME DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. RAVI SHANKAR, HEAD ASSET MANAGEMENT AND CHIEF FINANCIAL OFFICER MR. ABHISHEK AGARWAL, SENIOR VICE PRESIDENT – FINANCIAL PLANNING & ANALYSIS AND INVESTOR RELATIONS Page 1 of 20 Leela Palaces Hotels & Resorts Limited July 31, 2026 Moderator: Ladies and gentlemen, good evening and welcome to The Leela Palaces Hotels & Resorts Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Abhishek Agarwal, Senior Vice President, FP&A and Investor Relations at The Leela. Thank you and over to you, sir. Abhishek Agarwal: Thank you, operator. Good evening, everyone. Welcome to the earnings call of Leela Palaces Hotels & Resorts Limited for the quarter ended 30th June 2026. We have published our quarterly results and investor presentation on the stock exchanges earlier today. The same is also available on our investor relations website www.theleela.com/investors. Before we start, a disclaimer. We would like to inform you that the management may make certain comments on this call that one could deem forward-looking statements. Specifically, the financial guidance and proforma information that we will provide on this call are management estimates based on certain assumptions and have not been subjected to any audit, review, or examination procedure. The company does not guarantee these statements and is not obliged to update them at any point. Participants are cautioned not to place undue reliance on these forward-looking statements. Joining me today are Mr. Anuraag Bhatnagar, Whole-time Director and CEO, Mr. Ravi Shankar, Head of Asset Management and CFO. I will now hand over the call to Mr. Bhatnagar. Over to you, Anuraag. Anuraag Bhatnagar: Thank you, Abhishek. Good evening, everyone, and thank you for joining us. The quarter underscored the resilience of India's luxury hospitality demand, despite a softer operating environment created by temporary travel disruptions. For The Leela, this backdrop created an opportunity to demonstrate our agility in managing our business mix, the benefits of increasingly diversified revenue streams, and our unwavering focus on operational excellence, which is reflected in our guest experience benchmark and consistent translation into stronger financial outcomes. As a result, we delivered 28% operating revenue growth and a 41% rise in operating EBITDA. However, before I discuss our operating performance, let me begin with a recognition that reflects the strength of The Leela brand, service culture, and distinguished 40-year legacy. The Leela was ranked the world's second-best hotel brand in the Travel + Leisure World's Best Awards 2026 survey among global luxury hospitality brands. This is the fifth time since 2020 that The Leela has featured among the top three brands in the world in these elite guest-voted awards, and it is deeply gratifying to see an Indian brand being consistently recognized among the global best in its category. Guest experience remains our most important differentiator and the source of our competitive advantage and ADR premium. During Q1 FY27, our Net Promoter Score stood at an industry-leading 86, remaining 12 points above the luxury hospitality average in the APAC region. This consistency reinforces the Page 2 of 20 Leela Palaces Hotels & Resorts Limited July 31, 2026 strength of our service culture and delivers tangible commercial benefits through stronger guest loyalty, repeat visitation, and pricing power. The quarter began with the lingering impact of the West Asia conflict resulting in a temporary slowdown in international tourist arrivals, primarily due to travel disruptions. Given that nearly 40% of India's international air traffic transits through West Asia, these disruptions have impacted both inbound and outbound travel demand since March. We responded proactively with targeted initiatives focused on mining domestic demand through event-led business, long stay offers, and digital activations. As a result, domestic room revenue increased by 25% year-on-year at our five palace hotels. Importantly, we believe that the impact on international business is temporary. As travel connectivity was partially reconfigured and inbound demand revived, the international room revenue mix for our five owned palace hotels recovered progressively through the quarter, moving from a 10% Y-o-Y decline in March to a 1% Y-o-Y increase by June. This recovery reinforces the resilience of our international demand base even while the geopolitical situation has not fully normalized. More importantly, it demonstrates our ability to dynamically rebalance the business with domestic demand around periods of external disruption. Moving to operating performance, our six owned hotels delivered another quarter of strong performance. After the drag witnessed in March, occupancy recovered strongly to 67.5% for Q1, compared to 63.6% in the corresponding period last year, highlighting the underlying resilience of demand. We delivered a robust RevPAR growth of 17%, driven by 10% increase in ADR, coupled with a four percentage point improvement in occupancy on an expanded portfolio which now includes Coorg. Even excluding our new resort at Coorg, which was part of the portfolio for the full quarter, we registered a similar same-store RevPAR growth of 15%. Importantly, this growth is on a base of 20% RevPAR growth delivered in Q1 FY26, highlighting the compounding gains delivered by our palaces. Our RevPAR growth was broad-based, with city hotels growing 14%, while resorts grew 24%. From 1.3x in Q1 last year, our RevPAR index further rose to 1.4x, reflecting continued market share gains. Our premium positioning continues to be the base of our sustained pricing power, which drove ADR growth despite temporary pressures on international demand, especially in the early part of the quarter. Occupancy growth was particularly encouraging, with our existing portfolio of five owned palace hotels rising to nearly 70%, reflecting our ability to successfully capitalize on growing domestic leisure and M [Showing first 8,000 characters — download PDF for full document]