Slide 1: Investor Presentation
Exhibit 99.2 Exhibit 99.2 INVESTOR October 30, 2014 PRESENTATION
Slide 2: Safe Harbor / Forward-Looking Statements
Safe Forward-Looking performance. are statements. revenues, modifications arrangements; and application comply failure to of related our use law, Non-GAAP comparable Industry independently Trademarks 2© 2014 actions their difficult long-term by outcome expand we Harbor others, to risks, to operation
Slide 3: Investment Highlights
Investment Global Significant Rapid Success High 3A Growth Growth Expansion Leader inCompany Growing Growth Highlights Advertising in ~$1.1 in Opportunities Highly Mobile Trillion &Fragmented Channels Media Market Across Business with Hotel Geographies Strong Powerful Industry Offline-to-Online Free
Slide 4: Unmatched Scale, Breadth and Depth of Supply and Demand
One Depth ~365,000 SUPPLY 200+ 400+ 4.6 Diverse Packages Geography Beneficial Mutually Supply Scale Agreements Virtuous Volume ~62 DEMAND Unique Travelers ~70 Corporate 421InIncludes comScore roperties Million Million Countries ofAirlines Countries Enables and the Travelers Visitors2 and Demand: Cir
Slide 5: Established and Trusted Online Travel Brands
Established Trusted #1 Online 31 Brand EVERY Solid 1Includes Full-Service Sites Countries1 Foothold Strength Travel Brands in Established AirAsia 85 Brands Sites Agency 67 in in ACountries Emerging Leading JV in With Market 5Sites Specialist Global Hotel in 49 Markets Presence Countries Reach Global
Slide 6: Diversifying Revenue Mix Reduces Risk
Diversifying Revenue 12/31/2005 52% 48% 78% Domestic International PRODUCT GEOGRAPHY Car, 63% Hotels 22% 2% Ad 13% Other Air 18% 671% Trailing & Hotels Cruise Media Revenue twelve & TTM1 Revenue 13%months 9/30/2014 Mix Reduces Risk and Positions the Business for Growth
Slide 7: Global Travel Market Leader with Significant Headroom for Growth
Global UNITED ONLINE SEGMENT 45% Travel Expedia 2014 MARKET TRAVEL Other Total Market Sources: 2012 7Note:of TOTAL and Travel Expedia’s Other Market Leader ~$1.1T Total Share: Expedia PhoCusWright World EUROPE Expedia 15% Other Other 9% 60% and 6% $318B Economic share Expedia 3% Expedia Other Signif
Slide 8: Rapidly Growing Hotel Business in a Fragmented Industry
Rapidly Expedia, TTM $5.6B ~365k Other¹ Revenues Hotels Air Booker Rooms ~6% … Additional Number Global 538,000 700,000 850,000 365,000 of 1Other 100,000 84Hotel Hotel And But 71% Share3 9/30/14 Hotels2 200+ Still Team data includes in Significant of Expanding Accelerating Acquisition of Single Inc.
Slide 9: Completed Significant Technology Investments
Have Completed CUSTOMIZED CENTRALIZED 9Financials / Order Front-End Significant Transactional Customer Management Technology Operations Technology Infrastructure: / Inventory Technology for Investments Rapid Management Innovation That Fortify and Powerful the Business Analytics… Improving Conversion
Slide 10: Mobile Opening Significant Opportunities
Industry The Opening More One Room Booked Mobile Unique Value Up Just … Hotwire in Expedia Hotels.com Expedia, 10 App Mobile Expedia, toWorld for inthan 40% Proposition Nights Five Development Device Supply Mobile on Hotels launched won Leading Up Innovation Is Off aand isInc. Significant Changing a
Slide 11: Significant Acceleration in Advertising & Media Revenue
Significant $ADVERTISING $99 $3191 $447 2009 ’09-’11 1Note: 11Millions $109 2010 Reported CAGR Controlling $113 2011 Acceleration $131 :numbers 2012 6.8% & MEDIA interest 2013 ’11-’13 in arethe TTM REVENUE in netCAGR Advertising trivago of3Q14 any: GmbH intercompany 68.0% and(“trivago”) Mediarevenue
Slide 12: Technology Investment to Drive Conversion
Expedia TECHNOLOGY Investment SUPPLY DIVERSE Leisure Call Multiple SCALE Online Global 12 Centers Travel Scale and Has Sources DEMAND inBREADTH Multiple Across Technology Supply PLATFORM Traditional Multiple Footprint Competitive Corporate to Drive Travel Travel andConversion Moats Agency Deep Brand
Slide 13: Financial Results
Financial GROSS $34 $48 $26 $21 REVENUE $2.7 $3.4 $4.0 $4.8 $5.6 $662 $711 $803 $879 $1,017 1$621 23Q14 3 Millions Billions $39 $29 $22 $2.7 $700 ADJUSTED $3.10 $4.04 $2.53 $1.97 2008 13 BOOKINGS 2009 Results $3.0 $3.22 $2.75 $2.10 EBITDA1 Non-GAAP 2010 Adj. EPS2,3 EPS2011 measure. 2012 is EPS for2
Slide 14: Investment Highlights
Investment Global Significant Rapid Success High A 14Growth Growth Expansion Leader inCompany Growing Growth Highlights Advertising in ~$1.1 in Opportunities Highly Mobile Trillion &Fragmented Channels Media Market Across Business with Hotel Geographies Strong Powerful Industry Offline-to-Online Fre
Slide 15: Appendices
expedia inc. APPENDICES
Slide 16: Non-GAAP Definitions
Non-GAAP (i) settle settlement litigation The arenders internally impacts, earnings Adjusted to higher which but Income of 16more RSUs operations. amortization excluding above employee we than meaningful comparisons does Adjusted in capabilities in EBITDA EPS to believe of items shares shares certai
Slide 17: Non-GAAP Adjusted EBITDA Reconciliation
$Non-GAAP Adjusted Depreciation Amortization Impairment Legal Stock-Based Acquisition-related Restructuring Realized Operating Total Taxes Provision Income Discontinued Net Note: 17Millions (Income) Income Other Numbers Reserves (2,347) (Loss) Loss EBITDA for Income 2008 Expense, of (Loss) / Compens
Slide 18: Non-GAAP Net Income and Adjusted EPS Reconciliation
$Non-GAAP Net Discontinued Stock-Based Amortization Restructuring Legal Acquisition-related Foreign eLong impairment Impairment Stock-based investments (Gain) Amort. Investments Unrealized Noncontrolling Provision GAAP Additional Adjusted Note: Thousands Income Numbers Reserves, 8,586 /Diluted of Cu