InterContinental Hotels Group PLC · LSE:IHG

InterContinental Hotels — Q3 2007 Earnings Presentation

21 slides from InterContinental Hotels's earnings presentation, Sep 30, 2007

  1. Slide 1: Supplementary Information

    Supplementary Information 30 September 2007 1

  2. Slide 2: Index

    Index RevPAR – 3 Months to 30 September 2007 RevPAR – 9 Months to 30 September 2007 2007 Current Trading – RevPAR, Occupancy & ADR Hotel & Room Count – at 30 September 2007 Pipeline – at 30 September 2007 Room Count & Pipeline Growth Drivers Continuing Revenues & Operating Profit by Quarter Cash Flo

  3. Slide 3: Explanatory Notes

    Explanatory Notes We have disclosed owned, leased, managed and franchised RevPAR, occupancy and ADR on a comparable basis. Owned and leased comparable RevPAR, occupancy and ADR reflects performance this year compared to the same period last year for owned and leased hotels that have traded in both y

  4. Slide 4: Comparable RevPAR – 3 Months to 30 September 2007 Owned & Leased and Managed

    Comparable RevPAR – 3 Months to 30 September 2007 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 3 86.6% 1.3% 250.16 11.2% 216.51 1

  5. Slide 5: Comparable RevPAR – 3 Months to 30 September 2007 Franchised and Total

    Comparable RevPAR – 3 Months to 30 September 2007 Franchised and Total Constant US$ Franchised Comparable Total Comparable Hotels Occ % ADR RevPAR Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 16 63.8% 1.1% 119.86 7.4% 76.49 9.3% 70.4% 2.6% 160.5

  6. Slide 6: Comparable RevPAR – 9 Months to 30 September 2007 Owned & Leased and Managed

    Comparable RevPAR – 9 Months to 30 September 2007 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 3 83.0% 0.8% 247.19 8.4% 205.27 9.

  7. Slide 7: Comparable RevPAR – 9 Months to 30 September 2007 Franchised and Total

    Comparable RevPAR – 9 Months to 30 September 2007 Franchised and Total Constant US$ Franchised Comparable Total Comparable Hotels Occ % ADR RevPAR Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 16 64.5% (1.5%) 126.73 8.7% 81.77 6.3% 70.2% 1.4% 167

  8. Slide 8: 2007 Current Trading – Comparable RevPAR Growth

    2007 Current Trading – Comparable RevPAR Growth Constant US$ Qtr1 Qtr2 July Aug Sept Qtr3 Sept Ytd US - InterContinental 13.9% 8.1% 9.2% 13.2% 5.3% 8.9% 10.2% US - Crowne Plaza 6.9% 7.0% 7.7% 9.2% 6.3% 7.7% 7.2% US - Holiday Inn 4.7% 5.4% 3.2% 7.4% 2.9% 4.5% 4.8% US - Express 8.3% 7.4% 5.1% 7.5% 5.1

  9. Slide 9: 2007 Current Trading – Comparable Occupancy Growth (%age pts)

    2007 Current Trading – Comparable Occupancy Growth (%age pts) %age Points Qtr1 Qtr2 July Aug Sept Qtr3 Sept Ytd US - InterContinental 3.6% 0.1% 1.5% 4.8% (1.8%) 1.6% 1.8% US - Crowne Plaza 0.7% 0.9% 1.8% 1.8% 0.7% 1.4% 1.0% US - Holiday Inn (0.3%) 0.1% (1.2%) 0.9% (1.4%) (0.6%) (0.3%) US - Express 0

  10. Slide 10: 2007 Current Trading – Comparable ADR Growth

    2007 Current Trading – Comparable ADR Growth Constant US$ Qtr1 Qtr2 July Aug Sept Qtr3 Sept Ytd US - InterContinental 8.5% 7.9% 7.0% 6.1% 7.8% 6.7% 7.6% US - Crowne Plaza 5.8% 5.6% 4.9% 6.4% 5.2% 5.5% 5.6% US - Holiday Inn 5.3% 5.3% 4.9% 6.0% 5.1% 5.3% 5.3% US - Express 8.0% 7.9% 7.0% 7.5% 7.3% 7.3%

  11. Slide 11: Hotel & Room Count at 30 September 2007

    Hotel & Room Count at 30 September 2007 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 4 1,914 23 8,313 23 6,397 50 16,624 Crowne Plaza - - 19 6,774 150 40,080 169 46,854 Holiday Inn 5 1,882 28 9,497 915 166,386 948 177,765 Express - - 1

  12. Slide 12: Pipeline at 30 September 2007

    Pipeline at 30 September 2007 Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 5 2,702 2 763 7 3,465 Crowne Plaza - - 34 8,845 34 8,845 Holiday Inn 3 504 251 31,088 254 31,592 Express 1 120 570 50,323 571 50,443 Staybridge 7 811 128 13,748 135 14,559 Candlewood - - 18

  13. Slide 13: Americas Future Growth Drivers

    Americas Future Growth Drivers Crowne Holiday Inn Staybridge Candlewood Hotel Total InterContinental Holiday Inn Plaza Express Suites Suites Indigo Room Count 1 January 2007 394,909 16,525 42,604 186,067 123,718 10,953 14,149 893 Openings 23,518 686 3,697 4,067 10,481 2,112 2,056 419 Brand Conversio

  14. Slide 14: EMEA Future Growth Drivers

    EMEA Future Growth Drivers Crowne Express by Staybridge Total InterContinental Holiday Inn Other Plaza Holiday Inn Suites Room Count 1 January 2007 106,600 21,423 16,440 50,628 18,109 - - Openings 5,730 5 1,350 3,063 1,312 - - Brand Conversions 0 (364) 464 (100) - - - Exits (3,881) (1,002) (567) (1,

  15. Slide 15: Asia Pacific Future Growth Drivers

    Asia Pacific Future Growth Drivers Express by Total InterContinental Crowne Plaza Holiday Inn Other Holiday Inn Room Count 1 January 2007 54,737 11,651 16,588 23,775 1,755 968 Openings 5,500 1,520 234 2,082 1,264 400 Brand Conversions 0 - - - (900) 900 Exits (905) 47 (377) (570) (5) - 30 September 2

  16. Slide 16: Continuing Revenue & Operating Profit

    Continuing Revenue & Operating Profit Continuing operations are classified under IFRS at 30 September 2007. This classification can change over time. Continuing operations excludes all owned and leased hotels assets sold or on the market at 30 September 2007. 16

  17. Slide 17: 2007 Continuing Revenue & Operating Profit

    2007 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Q3 Sept Ytd Q1 Q2 Q3 Sept Ytd Owned & Leased 29 33 31 93 2 6 5 13 Managed 19 21 19 59 6 7 4 17 Franchised 54 68 66 188 48 58 59 165 102 122 116 340 56 71 68 195 Regional Overhead - - - - (8) (8) (8) (24) Total Americas 102

  18. Slide 18: 2006 Continuing Revenue & Operating Profit

    2006 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Owned & Leased 25 27 24 28 104 2 5 3 2 12 Managed 20 20 18 19 77 6 9 7 5 27 Franchised 55 63 66 57 241 49 54 57 48 208 100 110 108 104 422 57 68 67 55 247 Regional Overhead - - - - - (8

  19. Slide 19: 2005 Continuing Revenue & Operating Profit

    2005 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year Owned & Leased 22 25 24 27 98 3 4 3 4 14 Managed 13 18 16 18 65 4 6 4 6 20 Franchised 45 54 60 54 213 39 47 55 45 186 80 97 100 99 376 46 57 62 55 220 Regional Overhead - - - - - (8) (7

  20. Slide 20: Cash Flow – 3 Months to 30 September 2007

    Cash Flow – 3 Months to 30 September 2007 £m 3 Months to 3 Months to 30 September 2007 30 September 2006 Operating Profit* 68 62 Depreciation & Amortisation 14 14 Working Capital 27 10 Pension Obligations (7) - Other 8 4 Cash Flow from Operations 110 90 Net Debt at 30 September 811 116 *Excludes exc

  21. Slide 21: Ordinary Shares at 30 September 2007

    Ordinary Shares at 30 September 2007 Number of Shares At 30 September 2007 At 30 September 2006 Opening Balance at 1 January 356.1 432.9 Share Buyback (4.9) (26.6) Share Consolidation (57.3) (52.9) Option Exercise 3.3 2.8 Closing Balance at 30 September 297.2 356.2 Basic Weighted Average Shares 329.

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