Booking Holdings Inc. Common Stock · NASDAQ:BKNG
Booking Holdings Inc. Common Stock — Priceline.com — Goldman, Sachs & Co. 8th Annual Internet Conference 2007
26 slides from Booking Holdings Inc. Common Stock's conference presentation, May 23, 2007
Slide 1: Goldman Sachs 8th Annual Internet Conference May 2007
Goldman, Sachs & Co. 8th Annual Internet Conference May 2007 Priceline.com® no one deals like we do SM
Slide 2: Disclosure Regarding Forward-Looking Statements
Disclosure Regarding Forward-Looking Statements Priceline.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 subject to certain risks, uncertainties and assumptions that are diffic
Slide 3: Mission Statement
Mission Statement To be the leading European on-line hotel reservation service for leisure and unmanaged business travel To be the leading on-line travel business for value-conscious leisure travelers in North America
Slide 4: Booking.com Highlights
Booking.com Highlights Over 32,000 hotels, up 8K yr/yr, in 54 countries Content and customer service available in 15 languages Customer and supplier friendly model 2006 Organic Gross Bookings Growth Rate: 111%(1) 1Q07 Gross Bookings Growth Rate: 91% 1) Organic growth assumes acquired business was ow
Slide 5: Booking.com Market Opportunity
Booking.com Market Opportunity Europe population of 810M vs. U.S. at 302M(1) Europe Internet penetration of 38.9% vs. U.S. at 69.9%(1) The number of individuals without internet access in Europe is over 400 million greater than that in U.S.(1) Europeans on average have 6.9 holiday and vacation weeks
Slide 6: Booking.com Supply Environment
Booking.com Supply Environment Independents 75%(1) 1) Source: PhocusWright Chains 25%(1)
Slide 7: Multi-Lingual Demand
Multi-Lingual Demand Paris: English Paris: Italian Paris: French Paris: Spanish Paris: Dutch Paris: German
Slide 8: Booking.com Opportunities
Booking.com Opportunities Geographic and supply expansion Europe online travel growth Integration between US and European business
Slide 9: Priceline.com Highlights
Priceline.com Highlights Differentiated opaque services appeal to deal-driven travelers 23% growth in Q1 pro forma domestic gross profit excluding Orbitz business Earnings growth from merchant volume and marketing efficiency Decline in airline ticket sales and margin Please see priceline.com's Form
Slide 10: Name Your Own Price Savings
Name Your Own Price® Savings Air Hotel Rental Car Vacations
Slide 11: Priceline.com Opportunities
Priceline.com Opportunities Continuous product improvement New mapping functionality (aerial view, pan and zoom) Exclusive Zagat Survey content
Slide 12: Priceline.com Opportunities
Priceline.com Opportunities International travel Brand building
Slide 13: Consolidated Gross Bookings
Consolidated Gross Bookings ($ in thousands) * Reflects midpoint of $4.1B to $4.25B consolidated gross bookings guidance. 25.8% 49.1% 32.0% 52.0% (4.7%) 33.7% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 2003 2004 2005 2006 2007* 1Q06 1Q07
Slide 14: International Gross Bookings
International Gross Bookings ($ in thousands) * Reflects midpoint of $2.27B to $2.35B international gross bookings guidance. 90.5% NM 603.9% 625.2% 185.0% 71.5% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 2003 2004 2005 2006 2007* 1Q06 1Q07
Slide 15: LTM International Organic Gross Bookings
LTM International Organic(1) Gross Bookings 1) Assumes Booking.com owned for all periods presented. $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% LTM Gross Boo
Slide 16: Domestic Gross Bookings
Domestic Gross Bookings ($ in thousands) * Reflects midpoint of $1.83B to $1.90B domestic gross bookings guidance. 1.0% (5.5%) 47.3% 8.1% 12.5% (5.5%) $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 2003 2004 2005 2006 2007* 1Q06 1Q07
Slide 17: Historical Orbitz Relationship
Historical Orbitz Relationship 2004 - 2006: Orbitz private label of Priceline’s price-disclosed merchant hotel service 2006: Priceline is exclusive provider of opaque services on Orbitz
Slide 18: Domestic Gross Bookings (excl. Orbitz)
Domestic Gross Bookings (excl. Orbitz) ($ in thousands) * Reflects midpoint of $1.830B to $1.900B domestic gross bookings guidance. page 18 8.3% 42.4% (5.5%) 8.0% 8.2% 1.8% $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2003 2004 2005 2006 20
Slide 19: Non-Air Domestic Gross Bookings (excl. Orbitz)
Non-Air Domestic Gross Bookings (excl. Orbitz) ($ in thousands) page 19 22.8% 16.8% 11.0% 39.9% 39.2% $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 2003 2004 2005 2006 1Q06 1Q07
Slide 20: Consolidated Pro Forma Gross Profit
Consolidated Pro Forma Gross Profit ($ in thousands) Please see priceline.com's Form 8-K dated May 23, 2007 which reconciles pro forma financial information with financial results under GAAP. . (17.9%) (7.8%) 37.8% 34.2% 48.6% 43.1% $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $4
Slide 21: International Pro Forma Gross Profit
International Pro Forma Gross Profit ($ in thousands) Please see priceline.com's Form 8-K dated May 23, 2007 which reconciles pro forma financial information with financial results under GAAP. . NM 643.0% 165.7% 115.5% $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 $
Slide 22: Domestic Pro Forma Gross Profit
Domestic Pro Forma Gross Profit ($ in thousands) Please see priceline.com's Form 8-K dated May 23, 2007 which reconciles pro forma financial information with financial results under GAAP. . 12.4% (17.9%) (7.8%) 31.6% 5.5% 9.8% $0 $50,000 $100,000 $150,000 $200,000 $250,000 2002 2003 2004 2005 2006 1
Slide 23: Domestic Pro Forma Gross Profit (excl. Orbitz)
Domestic Pro Forma Gross Profit (excl. Orbitz) ($ in thousands) Please see priceline.com's Form 8-K dated May 23, 2007 which reconciles pro forma financial information with financial results under GAAP. . page 23 (17.9%) (7.8%) 24.3% 5.3% 6.3% 23.4% $0 $50,000 $100,000 $150,000 $200,000 $250,000 200
Slide 24: Pro Forma Net Income per Share
Pro Forma Net Income per Share 6 Year CAGR: 66% * Reflects midpoint of $2.90-$3.10 pro forma net income per share guidance. Please see priceline.com's Form 8-K dated May 23, 2007 which reconciles pro forma financial information with financial results under GAAP. . $0.24 $0.48 $0.96 $1.37 $2.03 $3.00
Slide 25: Global Scale in Online Hotel Sales
Global Scale in Online Hotel Sales 6 million global room night sales in Q1; larger than Orbitz and Travelocity Number one in Europe online hotel sales Strong relationships with international chains and independent hotels will build inventory opportunities Scale provides opportunities for future orga
Slide 26: Priceline.com
Priceline.com®
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