Booking Holdings Inc. Common Stock · NASDAQ:BKNG
Booking Holdings Inc. Common Stock — priceline.com — Goldman, Sachs & Co. 9th Annual Internet Conference 2008
27 slides from Booking Holdings Inc. Common Stock's conference presentation, May 21, 2008
Slide 1: Goldman, Sachs & Co. 9th Annual Internet Conference May 2008
Property of priceline.com incorporated. All Rights Reserved. Goldman, Sachs & Co. 9th Annual Internet Conference May 2008
Slide 2: Disclosure Regarding Forward-Looking Statements
Property of priceline.com incorporated. All Rights Reserved. page 2 Disclosure Regarding Forward-Looking Statements • Pr iceline.com would like to remind you that this presentation contains forward looking statements. These forward-looking statements are not guarantees of future performance and are
Slide 3: Priceline.com business overview: Europe, North America, Asia
Property of priceline.com incorporated. All Rights Reserved. page 3 • A leading European on-line hotel reservation service for leisure and unmanaged business travel • A leading on-line travel business for value-conscious leisure travelers in North America • A growing Asian hotel service
Slide 4: Booking.com Highlights
Property of priceline.com incorporated. All Rights Reserved. page 4 Booking.com Highlights • Over 45,000 hotels in over 60 countries • Content and customer service available in 18 languages • Customer and supplier friendly model • 2007 Gross Bookings Growth Rate: 98% (excl. Agoda) • 1Q08 Gross Booki
Slide 5: Booking.com Market Opportunity
Property of priceline.com incorporated. All Rights Reserved. page 5 Booking.com Market Opportunity • Europe population of 800M vs. U.S. at 301M(1) • Europe Internet penetration of 47.7% vs. U.S. at 71.4%(1) • The number of individuals without internet access in Europe is over 330 million greater tha
Slide 6: Worldwide Office Locations
Property of priceline.com incorporated. All Rights Reserved. page 6 Worldwide Office Locations
Slide 7: Booking.com Opportunities
Property of priceline.com incorporated. All Rights Reserved. page 7 Booking.com Opportunities • Geographic and supply expansion • Europe online travel growth • Integration between US and European business
Slide 8: Booking.com Revenue Beyond Western Europe
Property of priceline.com incorporated. All Rights Reserved. page 8 Booking.com Revenue Beyond Western Europe • Strong revenue growth outside of Booking.com’s core Western European markets(1) 1) Reflects revenue, excluding UK, France, Germany, BeNeLux, Spain and Italy. 2006 Western Europe Other 2007
Slide 9: Booking.com Supply Environment
Property of priceline.com incorporated. All Rights Reserved. page 9 Booking.com Supply Environment Independents 75%(1) 1) Source: PhocusWright Chains 25%(1)
Slide 10: Multi-Lingual Demand
Property of priceline.com incorporated. All Rights Reserved. page 10 Multi-Lingual Demand Paris: English Paris: Italian Paris: French Paris: Spanish Paris: Dutch Paris: German
Slide 11: Priceline.com Highlights
Property of priceline.com incorporated. All Rights Reserved. page 11 Priceline.com Highlights • Differentiated opaque services appeal to deal-driven travelers • Eliminated fee on retail airline tickets in June 2007 • 50% growth in domestic gross bookings in Q1 ‘08 • Bookings growth from conversion a
Slide 12: Name Your Own Price Savings
Property of priceline.com incorporated. All Rights Reserved. page 12 Name Your Own Price® Savings • Air • Hotel • Rental Car • Vacations
Slide 13: Current Economic Conditions
Property of priceline.com incorporated. All Rights Reserved. page 13 Current Economic Conditions • Recessionary conditions a concern for the broad travel industry • Impact on demand • Impact of high oil prices on the financial health of the airline industry • Priceline is not immune to potential neg
Slide 14: Priceline.com Opportunities: Inside Track
Property of priceline.com incorporated. All Rights Reserved. page 14 Priceline.com Opportunities • Continuous service improvement – Inside Track
Slide 15: Priceline.com Opportunities: Best Days to Fly
Property of priceline.com incorporated. All Rights Reserved. page 15 Priceline.com Opportunities • Continuous service improvement – Best Days to Fly
Slide 16: Priceline.com Opportunities: Price Drop Alerts
Property of priceline.com incorporated. All Rights Reserved. page 16 Priceline.com Opportunities • Continuous service improvement – Price Drop Alerts
Slide 17: Priceline.com Opportunities: Yr/Yr Growth
Property of priceline.com incorporated. All Rights Reserved. page 17 Yr/Yr Growth Airline Tickets Merchant GB 2Q 07 -16% -1% 3Q 07 23% 15% 4Q 07 34% 11% 1Q 08 83% 26% Priceline.com Opportunities
Slide 18: Promotion Strategy
Property of priceline.com incorporated. All Rights Reserved. page 18 Promotion Strategy • Priceline has a long history of promotional activity, especially during the summer booking season
Slide 19: 10th Anniversary Chop-A-Thon
Property of priceline.com incorporated. All Rights Reserved. page 19 10th Anniversary Chop-A-Thon • Summer promotion consistent with prior practices • Reduced booking fees on domestic retail merchant hotel sales • Leverages existing “No-Fee” advertising campaign for retail air • Reinforces Priceline
Slide 20: Consolidated Gross Bookings
Property of priceline.com incorporated. All Rights Reserved. page 20 Consolidated Gross Bookings ($ in thousands)
Slide 21: International Gross Bookings
Property of priceline.com incorporated. All Rights Reserved. page 21 International Gross Bookings ($ in thousands)
Slide 22: LTM International Gross Bookings
Property of priceline.com incorporated. All Rights Reserved. page 22 LTM International Gross Bookings (1) 1) Assumes Booking.com owned for all periods presented. Agoda reflected since Nov ’07 acquisition. 0% 20% 40% 60% 80% 100% 120% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000
Slide 23: Domestic Gross Bookings
Property of priceline.com incorporated. All Rights Reserved. page 23 Domestic Gross Bookings ($ in thousands)
Slide 24: Consolidated Pro Forma Gross Profit
Property of priceline.com incorporated. All Rights Reserved. page 24 Consolidated Pro Forma Gross Profit ($ in thousands) Please see priceline.com's Form 8-K dated May 9, 2008 which reconciles pro forma financial information with financial results under GAAP.
Slide 25: Pro Forma Net Income per Share
Property of priceline.com incorporated. All Rights Reserved. page 25 Pro Forma Net Income per Share 5 Year CAGR: 76 % (Up 77% yr/yr) Please see priceline.com's Form 8-K dated May 9, 2008 which reconciles pro forma financial information with financial results under GAAP.
Slide 26: Global Scale in Online Hotel Sales
Property of priceline.com incorporated. All Rights Reserved. page 26 Global Scale in Online Hotel Sales • 9.4 million global online room night sales in Q1; number two worldwide • Number one in Europe online hotel sales • Fast growing U.S. business with strong brand • Strong relationships with intern
Slide 27: Property of priceline.com incorporated. All Rights Reserved.
Property of priceline.com incorporated. All Rights Reserved.
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