Analysts/Institutional Investor Meet/Con. Call Updates

Date: August 21, 2026 Listing Manager, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor Plot 1st Floor, New Trading Ring Rotunda Building, No. C-1, Block G, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E) Mumbai – 400051, India Fort Mumbai – 400001, India Symbol: PARKHOTELS Scrip Code: 544111 ISIN No.: INE988S01028 ISIN No.: INE988S01028 Subject: Transcript of the conference call held with Investors and Analysts on the un-audited financial results of the Company for the first quarter (Q1) and three months ended on June 30, 2026 Respected Sir/Ma’am, Pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, please find enclosed the transcript of the conference call held with the Investors and Analysts on Monday, August 17, 2026, with respect to the un-audited financial results of the Company for the first quarter (Q1) and three months ended on June 30, 2026. The transcript of the call is also uploaded on the Company’s website i.e. https://www.theparkhotels.com/investor-relations/financial-information.html. This is for your information and records. Thanking you. Yours sincerely, For Apeejay Surrendra Park Hotels Limited Shalini Keshan (Company Secretary and Compliance Officer) Membership No.: ACS-014897 Encl: As above Apeejay Surrendra Park Hotels Limited Q1 FY2027 Earnings Conference Call August 17, 2026 Moderator: Ladies and gentlemen, good day and welcome to Apeejay Surrendra Pak Hotels Limited Q1 FY2027 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 “*” then “0” on your touch-tone phone. Please note that this conference is being recorded. And now in the conference, over to Mr. Shreeyut Daga from SMIFS Limited. Thank you and over to you, sir. Shreeyut Daga: Thank you. Good evening, everyone and a very warm welcome to you all. My name is Shreeyut Daga from SMIFS Limited. On behalf of the company, I would like to thank you all for participating in the Apeejay Surrendra Pak Hotels Earnings Call for the 1st Quarter of FY2027. We have with us the Management represented by Ms. Priya Paul – Chairperson and Executive Director, Mr. Vijay Diwan – Managing Director, and Mr. Atul Khosla – Senior Vice-Chair in Finance and CFO. Without any further delay, I request Ms. Priya Paul to start with her opening remarks followed by operational and financial highlights of the company. Thank you and over to you, ma'am. Priya Paul: Thank you so much. Good afternoon, everyone. Thank you for joining us today to discuss our earnings for the 1st Quarter of FY2027. On behalf of the Board and Management Team at Apeejay Surrendra Pak Hotels, I would like to extend a very warm welcome to all participants on this call. Let me begin with the broader hospitality environment. The 1st Quarter of FY2027 was marked by a dynamic operating environment for the hospitality industry. Geopolitical developments during the quarter created some temporary disruption to international travel and air connectivity. However, domestic travel remained largely resilient, supported by leisure travel, domestic corporate movement, weddings, and social occasions. Page 1 of 14 This resilience continues to provide a strong foundation for the industry's growth as well as ours. The demand-supply environment also remained favorable with limited editions of quality hotel rooms across several key markets. At the same time, improving connectivity and rising travel aspirations are broadening the opportunity for branded hospitality beyond the traditional metropolitan markets, with select Tier-2 and Tier-3 cities emerging as increasingly attractive destinations. We believe that structural opportunity for Indian hospitality remains strong. The combination of rising domestic travel, increasing preference for branded accommodation improving connectivity, and measured supply addition should continue to support the sector over the medium to long term. For Apeejay Surrendra Park Hotels, our focus remains on building a differentiated hospitality platform across hotels, food, beverage, and lifestyle experiences. Our portfolio across luxury, upscale, and upper mid-scale segments allows us to address diverse customer requirements while maintaining the distinctive positioning of all our brands. Our F&B and entertainment ecosystem remains an important differentiator for us. We have built a strong presence across restaurants, nightclubs, and bars, allowing us to participate in the broader lifestyle opportunity alongside our core business. Flurys is an important part of this platform. This 100-year-old brand has continued to expand beyond its heritage Kolkata presence. I am delighted that we have started our expansion in Delhi NCR with the opening of a new cafe in Gurugram. We see significant opportunity to build it into a larger national premium cafe and retail F&B network through an asset-light model. The brand now has 111 outlets across cafes, kiosks, and tea rooms. Looking ahead, our growth strategy remains focused on expanding our presence selectively across attractive markets while maintaining capital discipline. We see increasing opportunities to scale through managed properties and other asset-light formats, particularly across emerging leisure, pilgrimage, and urban destinations. Our longer-term ambition is to build a larger and more scalable hospitality platform with more than 6,000 keys by FY 2030. As we pursue this ambition, we will remain selective in our market choices and continue to focus on strengthening our brand and enhancing the quality of our portfolio. Alongside expansion, we remain committed to unlocking the potential from our existing assets and maintaining the high standards of hospitality and guest experience for what we are known for. Activity at our new properties in Juhu, Kolkata, and Vishakhapatnam continues to be steady and openings are on schedule. Overall, we remain confident in the long-term prospects of Indian hospitality and the opportunities available to Apeejay Surrendra Park Hotels. Our differentiated brands, diversified Page 2 of 14 portfolio, and scalable growth strategy provides a strong foundation for the next phase of our journey. With this, I would now like to hand over to Mr. Vijay Dewan – Managing Director of the company, who will take you through the detailed operational and financial highlights for the quarter and the year. Thank you. Vijay Dewan: Thank you, Ms. Paul. Good afternoon, everyone. A very warm welcome to all of you for being with us today. We have started FY27 with a positive momentum demonstrating the resilience and strength of our business model. 33 of the 69 apartments available for sale have been sold in our EM Bypass Hotel and Residential project at Kolkata. This will lead to improved cash flow of Rs.70 to Rs.80 crores during the course of the year, of which Rs.21 crores is already received. Continuous stream of income from this project will help propel growth for the company. Despite headwinds on account of West Asia crisis, near-flat air traffic growth during this quarter, high energy cost and supply chain disruptions, we have retained India's leading occupancy position of 92% and have maintained our leadership in RevPAR in the upper upscale segment. In Q1 FY27, we have delivered operating revenue of Rs.167 crores reflecting a growth of 8% year-on-year. EBITDA stood at Rs.47 crores up 3% year-on-year with EBITDA margin at 28.12%. At the consolidated level, revenue achieved was Rs.172 crores up 10% and EBITDA at Rs.52 crores up 8% over last year. This performance once again affirms the strength of our brand and the relevance of our differentiated hospitality propositio [Showing first 8,000 characters — download PDF for full document]