Scandic Hotels Group Ab · OMXSTO:SHOT

Scandic Hotels Group Ab — Q4 2024 Earnings Presentation

17 slides from Scandic Hotels Group Ab's earnings presentation, Feb 19, 2025

1. Slide 1: Q4 Report 2024

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2. Slide 2: Q4 Report 2024 highlights

   Q4 REPORT 2024 • Strong fourth quarter concludes another good year • Positive market development • Commercial and operational momentum • Strong financial position ‒ Proposed ordinary dividend of 2.60 SEK per share ‒ Intention to launch a 500 MSEK share buyback program • Stable booking outlook for th

3. Slide 3: Adjusted EBITDA per quarter 2021-2024

   Q4 REPORT 2024 ADJUSTED EBITDA PER QUARTER 2021-2024, MSEK 1,400 • Adjusted EBITDA of 544 (451) MSEK, 1,200 corresponding to a margin of 9.9% (8.3) 1,000 800 • Positive market development in combination 600 400 with high efficiency and good cost control 200 0 -200 -400 -600 -800 Q1 Q2 Q3 Q4 2021 202

4. Slide 4: Market occupancy

   Q4 REPORT 2024 MARKET OCCUPANCY SWEDEN NORWAY 65% 63% 65% 63% 63% 63% 60% 61% 47% 48% 41% 43% Oct-23 Nov-23 Dec-23 Oct-24 Nov-24 Dec-24 Oct-23 Nov-23 Dec-23 Oct-24 Nov-24 Dec-24 FINLAND DENMARK 67% 67% 71% 68% 56% 58% 59% 61% 51% 52% 53% 48% Oct-23 Nov-23 Dec-23 Oct-24 Nov-24 Dec-24 Oct-23 Nov-23 De

5. Slide 5: Market average room rates

   20 40 60 80 0 100 120 140 160 Jan 2020 Feb 2020 Mar 2020 Q4 REPORT 2024 Apr 2020 May 2020 Jun 2020 Source: Benchmarking Alliance. Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 MARKET AVERAGE ROOM RATES Sweden Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021 INDEXED TO CORRESPONDING MONT

6. Slide 6: Market RevPAR

   20 60 40 80 0 100 120 140 160 180 Jan 2020 Feb 2020 Q4 REPORT 2024 Mar 2020 Apr 2020 May 2020 Jun 2020 MARKET REVPAR Source: Benchmarking Alliance. Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Sweden Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021 INDEXED TO CORRESPONDING MONTH 2019 J

7. Slide 7: Pipeline as of December 31, 2024

   Q4 REPORT 2024 Pipeline as of December 31, 2024 No. of Year Hotel Destination rooms Q3 2025 The Dock 69°39 by Scandic Tromsø, Norway New 305 Q3 2025 Scandic Go, Oulu Oulu, Finland New 144 Q4 2025 Scandic Stuttgart Stuttgart, Germany New 174 Q2 2026 Scandic, Ski Oslo, Norway New 220 Q4 2026 Signature

8. Slide 8: Takeover of a 214-room hotel in Berlin

   @lotta – lägg in Q3 REPORT 2024 lämplig bild tack Q4 REPORT 2024 • Takeover of a 214-room hotel in Berlin with an expected opening in Q3 2026 • Strengthened partnership with AXA Investment Managers • Following the take-over, Scandic will operate nine hotels in Germany with close to 3,000 rooms 8

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10. Slide 10: Q4 revenues slightly higher than last year

    Q4 REPORT 2024 • Revenues slightly higher than last year Net sales Adjusted Adjusted EBITDA EBITDA margin ‒ Organic growth of 1.5% (LFL 3.0%) Q4 Q4 Q4 Q4 Q4 Q4 MSEK 2024 2023 2024 2023 2024 2023 • An overall strong result Sweden 1,654 1,641 220 225 13.3% 13.7% ‒ Adjusted EBITDA of 544 MSEK (451), wi

11. Slide 11: Full-year revenues in line with last year's record

    Q4 REPORT 2024 • Revenues in line with last year’s record year Net sales Adjusted Adjusted EBITDA EBITDA margin ‒ Organic growth of 0.9% (LFL 2.3%) MSEK 2024 2023 2024 2023 2024 2023 • Profitability well-above financial target Sweden 6,608 6,644 980 995 14.8% 15.0% ‒ Adjusted EBITDA of 2,495 MSEK (2

12. Slide 12: Operational cash flow of 1,966 MSEK LTM

    Q4 REPORT 2024 • Operational cash flow of 1,966 MSEK LTM Free cash flow per quarter and LTM, MSEK Free cash flow Free cash flow LTM Free cash flow from operations LTM • Increased investments in line with plan 2,500 • Free cash flow of 521 MSEK in Q4 and 910 MSEK LTM 2,071 2,034 1,966 2,000 1,856 1,5

13. Slide 13: Net debt of 128 MSEK

    Q4 REPORT 2024 • Net debt of 128 MSEK Net debt to adjusted EBITDA LTM • Net debt to adjusted EBITDA of 0.1x 0.9x • Swedish tax debt 631 MSEK paid off1 0.7x 0.6x • Extra dividends of 550 MSEK paid out in December 2024 0.1x 0.0x Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 1) 631 MSEK in other interest-bea

14. Slide 14: Ambition on buybacks and dividends 2024-2026

    Q4 REPORT 2024 AMBITION Extra dividends of 550 MSEK 550 MSEK ON BUYBACKS AND paid out in December 2024 DIVIDENDS 2024-2026 Launched buy-back program of 300 MSEK 300 MSEK in December 2024 Proposed ordinary dividends of 2.60 per share 570 MSEK (570 MSEK), Financial year 2024 Intention to launch a new

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16. Slide 16: Positive view on the hotel market for 2025

    Q4 REPORT 2024 • We have a positive view on the hotel market for 2025 • For the first quarter, we anticipate somewhat higher occupancy levels and room rates than last year • Well-positioned to drive growth with a sharp focus on commercial and operational performance 16

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