Melia Hotels International, S.a. · BME:MEL
Melia Hotels International — Q4 2025 Earnings Presentation
22 slides from Melia Hotels International's earnings presentation, Feb 26, 2026
Slide 1: 2025 Earnings Webcast
2025 Earnings Webcast PARADISUS FUERTEVENTURA | SPAIN
Slide 2: Disclaimer
Disclaimer This report is a communication made or approved for communication by Meliá Hotels International. It is directed exclusively to eligible counterparties and professional clients. No persons other than an eligible counterparty or a professional client should read or rely on any information i
Slide 3: Introduction & Financials
1 Introduction & Financials Gabriel Escarrer President & CEO 2 Operational André Gerondeau 3 Overview Chief Operating Officer Development André Gerondeau & Outlook Chief Operating Officer 4Closing Remarks Gabriel Escarrer President & CEO ME MALTA | MALTA 5 Q&A Senior Executive Team Live February 26t
Slide 4: Introduction
1 Introduction Quality-driven growth with stable segments and market mix Strong Operational metrics despite Fx headwind Growth maintained even with major hotels under full renovation A smoother maturity schedule ahead 4 CASA DE LAS ARTES, MELIÁ COLLECTION | MADRID
Slide 5: Yearly Overview
1 In EUR Million Yearly Overview Strong Financial Results 2025 2024 Var. • Consolidated Revenues Ex. capital gains fuelled by owned & Consolidated Revenues 2,096.5 2,056.3 +2.0% leased perimeter evolution Operating Expenses (1,479.5) (1,441,8) -2.6% EBITDAR 617.0 614.5 +0.4% Owned & Leased RevPar +
Slide 6: Yearly Overview: Financial Position
1 Yearly Overview Financial Position Financial Net Debt/EBITDA* Asset Repositioning and 1.400 8,0 Growth opportunities 1.200 7,0 5.8 6,0 Net Debt / Ebitda Ratio 1.000 Net Finaical Debt 5,0 Increase dividends paid to 800 3.9 4,0 600 Shareholders 3,0 2.1 2.2 2.2 400 2,0 200 1,0 Be active in our Asset
Slide 7: Yearly Overview: Financial Position
1 Yearly Overview Financial Position a Signature an €800m syndicated loan to repay existing debt, streamline our capital structure and extend key maturities beyond 2030, with no increase in leverage. Debt Maturity Profile Year end 2025 (€ Millions) After Syndicated Loan 2025-2030+ Signature 52,5 282
Slide 8: Capital Allocation in 2025 – Main Projects
Capital Allocation in 2025 – Main Projects Paradisus Salinas P. Cancun refurbishment Gran Meliá Don Pepe JV with Banca March • Acquired 50% for € 36.4 M (cash impact) • Started renewal Works in June 2025 • Closure of the hotel in October • Created a 30% / 70% JV with Banca with a full closure 2026 f
Slide 9: Operational Overview
2 Operational Overview Demand Quality & Mix Pricing Discipline Channel Optimisation • Maintaining a strong generation of • Balanced demand through segments Direct Sales through our Own in urban and leisure destinations Systemwide KPI’s Channels + 5.4% RevPar +6.6% Constant currency • MICE strong in
Slide 10: Operational KPI's
2 Operational KPI’s ME MALTA | MALTA Leading Performance “Return to normalized demand patterns capitalized through our brands and premium locations” Yearly Systemwide RevPar Growth + 5.4% Maintaining rate growth / Focusing on quality over quantity. ARR | +3.0% Occupancy | +1.4 pp ARR Occup. RevPAR 1
Slide 11: Operational Overview
2 Operational Overview Q4 showed strong momentum across the portfolio, with resilient leisure demand and solid Christmas trading supporting rate performance. 11 Meliá Whale Lagoon (Maldives)
Slide 12: Operational Overview: Spain
2 Operational Overview Spain Occupancy, ADR and RevPar (YoY) Systemwide Data Resilient demand and 8,2% pricing discipline drove 7,4% a robust close to the 4,6% 3,5% year in Spain 0,75% Q4 12M -1,07% Occupancy ADR RevPar Spain Resort RevPar Q4 + 4.0% 12M +7.6% Spain City RevPar Q4 +3.6% 12M +5.0% 12
Slide 13: Operational Overview: Leading position in Spain
2 Operational Overview We are reinforcing our leadership across the Balearic Islands and Andalucía. Fostering our leading position in Spain ▪ 10 openings in 2025 ▪ 10 hotels in the pipeline Málaga, Cádiz, Granada, Mallorca & Tenerife ▪ Positioned to capture incremental growth through country fundame
Slide 14: Operational Overview: EMEA, Americas, Asia, Cuba
2 Operational Overview EMEA Occupancy, ADR and RevPar (YoY) 5,3% Americas Occupancy, ADR and RevPar (YoY) 4,4% 4,3% 4,1% 3,1% 2,7% 3,0% 2,9% 2,5% 1,3% 0,2% Q4 12M Q4 -0,1% 12M Asia Occupancy, ADR and RevPar (YoY) Cuba Occupancy, ADR and RevPar (YoY) 9% 21,1% 4,7% 4% 9,0% 7,0% 0,1% Q4 12M Q4 12M -2,6
Slide 15: Development
3 Development A year of healthy qualitative MELIÁ VENECIA LIDO | ITALY expansion, strengthening the resort-focused core ▪ 51 Signatures | +9,000 rooms ▪ 28 Openings in 2025 | +2,700 rooms Mediterranean & Europe (60%) Middle East & Spain Southeast America Indian Ocean Andorra Asia (22%) (12%) Italy (
Slide 16: Development: MiM Portfolio
3 Development MiM Sitges Portfolio MiM (Leo Messi) under The Meliá Collection brand 6 hotels (Spain y Andorra) MiM Mallorca 16 16
Slide 17: Development: SOL evolves
3 Development We continue to elevate our portfolio to a new level of excellence and differentiation From legacy to lifestyle: SOL evolves for today’s holidaymakers 17
Slide 18: Development: Sol Arona
3 Development Sol Arona (Tenerife), the first hotel of the new generation of SOL by Meliá 18
Slide 19: Development: Portfolio and Pipeline
3 Development ME LISBON | PORTUGAL Portfolio (Operational at Year End) 383 94.912 +1.0% Hotels Rooms Net Unit Growth Pipeline (At Year End) 79 +16.000 17.2% Hotels Rooms Over Operational Portfolio 2026 (Outlook) +30 +25 +2-3% New New Properties Signatures Net Unit Growth 19
Slide 20: Outlook
3 Outlook Positive Outlook Growth visible across all segments, with highly anticipated MICE also thanks to solid On showing positive position The Books position Positive season in the Canary Islands and ski resorts thanks to the solid skiing season and Winter Olympics in +10% +10 % Milano Cortina On
Slide 21: Closing Remarks
Closing Remarks 1 €544.7 million EBITDA ex-capital gains, +2.1% YoY — delivered despite major refurbishments in flagship assets EBITDA 25` Impact of renovated assets slightly above 10M€ 2 Strong operating cash flow funded investments while maintaining stable Net Debt / EBITDA, in line with expectati
Slide 22: Thank You
Thank You
Meliá Hotels International — Q4 2025 Earnings Presentation on 6ix