Investor Presentation

August 07, 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 Q1 FY27 Unaudited Financial Results Dear Sir/ Madam, Please find attached Investor Presentation with regard to Q1 FY27 Unaudited Financial Results and the same shall be discussed in Investors/Analyst call scheduled to be held on Monday, August 10, 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 ✦ Aurika, Udaipur Q1 FY27 Earnings Presentation Friday, 7th August 2026 Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Important developments that could affect the Company’s operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations. Lemon Tree Hotels Limited (LTH) will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Contents Hotels under development Page 25 to 40 Overview Page 4 to 5 Inventory Snapshot Page 41 to 44 Q1 FY27 Performance Page 6 to 21 Proforma Financials upon the Scheme Becoming Effective Page 45 to 47 Hotel openings and signings in Q1 FY27 3 Appendix: Strategic rationale – ‘Composite Page 22 to 24 Scheme of Arrangement’ Page 48 to 77 ✦ Aurika, Mumbai Executive Chairman’s Message Commenting on the performance for Q1 FY27, Mr. Patanjali Keswani, Executive Chairman – Lemon Tree Hotels Limited said, For the quarter, total revenue stood at ₹346.8 crores, up 9% year on year. Net EBITDA stood at ₹151.9 crores, up 7%. Net EBITDA adjusted for GST Impact and Provision for Stock Appreciation Rights stood at Rs. 162.5 Cr in Q1 FY27, up 14% as compared to Rs. 142.1 Cr in Q1 FY26. PAT grew 19% to ₹57.3 crores, and Cash Profit grew 17% to ₹96.0 crores. Our Gross ARR stood at ₹6,361, up 2% year on year and occupancy was 75.7%, up 314 basis points year on year. Our net EBITDA margin for Q1 FY27 stood at 43.8%, which was 99 bps less than 44.8% which we achieved in Q1 FY26. This drop was due to Provision for Stock Appreciation Rights and the loss of input credit in the GST levied which increased our expenses by 3.1% of total revenue in Q1 FY27 versus zero in the previous year same quarter. Our gross debt as on 30th June 2026 stood at ₹1,475 crores, down 11% from ₹1,657.9 crores a year ago and our cost of debt reduced to 7.48%, down 53 basis points versus a year ago. In Q1 FY27, on the asset-light side, we opened 6 managed and franchised hotels with 334 rooms which we had signed on an average 30 months before. In this quarter, we also signed 13 managed and franchised hotels with 1,020 rooms which is over 3x of the inventory we opened. Our combined operational and pipeline inventory now stands at 23,381 rooms across 279 hotels in 170+ cities, of which 135 hotels with 11,946 rooms across 80+ cities, are already operational. Network revenue for the quarter grew 16% year on year to ₹576 crores, with owned hotels contributing ₹320 crores and managed and franchised hotels contributing ₹256 crores. So, owned hotels contributed 56% of the network revenue in this quarter. Fees from management and franchise contracts for third party-owned hotels stood at ₹22.8 crores in Q1 FY27, an increase of 42% year on year. Fees from Fleur Hotels stood at ₹22.6 crores, up 6% year on year. Total management fees for Lemon Tree stood at ₹45.4 crores, an increase of 21% year on year. At Aurika, Shimla, our owned 90-room hotel, we have deployed approximately ₹108 crores of capital as on 30th June 2026. Finishing work and operational licenses are in the final stage and we expect the hotel to open shortly. At Aurika, Shillong, a leased 165-room hotel, we have deployed approximately ₹33 crores as on 30th June 2026, with the expected opening in H2 FY28. At Aurika, Varanasi, a 47-room leased heritage hotel, we have we have begun work, with an expected opening in FY29. At Aurika, Nehru Place, Delhi — final approvals are pending from the authorities — with expected capital deployment to be announced in due course and an expected opening on or after 2030. Recently, an extension of validity of Letter of award for another year was received by Fleur from DDA, providing ample time for the project to attain all approvals. We have renovated 300 rooms this quarter for which we spent ~10 crores and we anticipate a similar number in the next quarter. As for the Keys portfolio, renovation was 2/3rd complete as on 30th June 2026 and the portfolio is showing significantly improved performance with a double-digit growth across all locations — Keys portfolio RevPAR in Q1 FY27 was up 19% year on year to ₹2,885, on the back of a 350-basis point improvement in occupancy to 67% and 13% growth in average room rate to ₹4,311. Like last quarter, we have again shared proforma financials for both Lemon Tree Hotels Limited and Fleur Hotels Limited, as they would appear upon the scheme becoming effective. For Lemon Tree on a proforma basis Q1 FY27 revenue stood at ₹65.7 crores versus ₹54.0 crores in Q1 FY26, up 22%. Net EBITDA before provision for stock appreciation rights was ₹38.1 crores versus ₹29.3 crores and Net EBITDA margin improved to 58.1% from 54.2%, up 383 basis points. PBT after share of profit of associates was ₹46.3 crores versus ₹38.4 crores, up 21%. PAT was ₹33.6 crores versus ₹27.5 crores, up 22% and Cash Profit was ₹40.0 crores versus ₹30.5 crores, up 31%. For Fleur on a proforma basis Q1 FY27 revenue stood at ₹311.4 crores versus ₹292.0 crores, up 7%. Net EBITDA without GST Impact was ₹125.1 crores versus ₹114.0 crores, up 10%, with margin at 40.2%, up 112 basis points from 39.1%. PBT was ₹46.5 crores versus ₹35.5 crores, up 31%. PAT was ₹34.7 crores versus ₹28.3 crores, up 23% and Cash Profit was ₹68.4 crores versus ₹61.0 crores, up 12%. We Are Everywhere 2 Hotels 808 Rooms Sonmarg Srinagar 8 Hotels Gulmarg 1,373 Rooms Dalhousie Jammu McLeodganj Katra Kufri Pathankot Manali 11,946 Operational Rooms Amritsar 23 Hotels Mashobra Baddi Kartarpur Shimla 2,963 Rooms Dehradun Kasauli 135 Operational Hotels Moga Mussoorie Ludhiana Kurali Rishikesh 13 Hotels Barog Badrinath in 80+ Cities including 3 International Markets Sri Ganganagar Jalandhar Kharar Neelkanth 1,569 Rooms Chandigarh Haridwar Jim Corbett Zirakpur Khurpatal Hisar Meerut Najibabad Ambala Mukteshwar Karnal Delhi Ghaziabad Rudrapur Gurugram Bareilly Noida 75 Hotels 11,435 Upcoming Rooms Bhiwadi Gangtok Dibrugarh Chandausi 5,362 Rooms Gr. Noida Aligarh 144 Upcoming Hotels Sankhwas Garh Jaipur Vrindavan Lucknow Motihari Darjeeling Itanagar Manesar Chirang Pushkar Ajmer Alwar Arga Ayodhya Mirik 79 Hotels Chitrakoot Gorakhpur Tezpur Kumbhalgarh Rewa Patna Siliguri 6,014 Rooms in 100+ Cities Kota Varanasi Guwahati Mori Bera Jhansi Mahoba Shillong Udaipur Chittorgarh Shivpuri Gaya Garoth 9 Hotels Banswa [Showing first 8,000 characters — download PDF for full document]