Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Q4 2024 Earnings Presentation
30 slides from Hyatt Hotels's earnings presentation, Feb 13, 2025
Slide 1: Hyatt Investor Presentation Fourth Quarter 2024
Hyatt Investor Presentation FOURTH QUARTER 2024 G R A N D H YAT T D E E R VA L L E Y N E W LY O P E N E D Q 4 2 0 2 4 C O N F I D E N T I A L A N D P R O P R I E T A R Y | Hyatt and related marks are trademarks of Hyatt Corporation or its affiliates. © 2025 Hyatt Corporation. All rights reserved .
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about Hyatt Hotels Corporation's ("Hy
Slide 3: Investment Considerations
INVESTMENT CONSIDERATIONS 1 Simple and predictable asset-light business model driving record performance and Adj. Free Cash Flow† 79% $540M Global portfolio of brands serving the high-end Asset-Light Adjusted Free Cash Flow† traveler in each of our segments Earnings Mix◊ Rooms, fees, pipeline, and l
Slide 4: Owned Hotel Dispositions Fueled Asset-Light Investments While Delivering Shareholder Returns
SINCE 2017: OWNED HOTEL DISPOSITIONS FUELED ASSET-LIGHT INVESTMENTS WHILE DELIVERING STRONG SHAREHOLDER RETURNS ~ ~ Asset $5.6B 15x ($350M) Dispositions Total Disposition Proceeds, Aggregate Adj. EBITDA † Adj. EBITDA † Reduction 2 Net of Purchases Multiple 1 ~ ~ $4.1B 9.5x $430M Total Asset-Light Ag
Slide 5: Strategic Growth Across Multiple Dimensions
STRATEGIC GROWTH 1 ACROSS MULTIPLE DIMENSIONS BAHIA PRINCIPE GRAND LA ROMANA SYSTEM-WIDE ROOMS GROSS FEE REVENUE 2 PIPELINE LOYALTY MEMBERS ASSET-LIGHT EARNINGS MIX ◊ + % + % + % + % + bps 87 120 97 435 3,220 138K 54M 347K $1,099M 79.2% 186K 70K 47.0% $498M 10M 2017 2024 2017 2024 2017 2024 2017 202
Slide 6: Portfolio Uniquely Positioned: Expansion of Luxury, Resort, and Lifestyle
HYATT'S PORTFOLIO IS UNIQUELY POSITIONED; DRIVEN BY SIGNIFICANT EXPANSION OF LUXURY, RESORT, AND LIFESTYLE HOTELS 2017 1 2024 GROWTH HYATT GLOBAL SHARE3 LUXURY 43K 114K Doubled Luxury Rooms # ROOMS 1 World's Largest Portfolio of Luxury Branded Rooms in Resort Locations % Global Share of Luxury Brand
Slide 7: Global Hospitality Company Focused on Serving the High-End Traveler
PA R K H YAT T L O N D O N RIVER THAMES GLOBAL HOSPITALITY COMPANY FOCUSED ON SERVING THE HIGH-END TRAVELER 79 34 1,442 Countries Around Global Brands 1 Hotels and All-Inclusive the World and 6 Continents Properties ~ 347,301 #1 138,000 Rooms World's Largest Portfolio Rooms in Pipeline of Luxury Bra
Slide 8: Redefining Loyalty
REDEFINING LOYALTY T H E S TA N D A R D M A L D I V E S ~ 54M 2024 Best Hotel Rewards Program World of Hyatt Members 2023 Best Hotel Loyalty Program 22% Membership Growth 40% More Members per Hotel J.D. Power & Associates 2023 Highest in Overall Customer Satisfaction (mobile app and web)2 Since 2023
Slide 9: Brand Portfolio
LUXURY PARK HYATT® AlilA MjRAVAL. LIFESTYLE ANAZ, twoweson DEUS DREANY me and all hotels INCLUSIVE x. L ZOETRY* 4 4 yar 2ivat RYATT ZILARAY SUNSCAPE” RESORTS Bias CLASSICS HYATT. REGENCY" DESTINATION ESSENTIALS ss HYATT Bo@ PLACE® BHYATT fay vaTT houser Imil studios — wana — ae ee
Slide 10: Full Year Highlights
DREAMS MADEIRA R E S O R T, S PA , & M A R I N A FULL YEAR HIGHLIGHTS 10
Slide 11: Full Year 2024 Highlights
FULL YEAR 2024 HIGHLIGHTS FINANCIAL RESULTS OPERATIONAL RESULTS $1,296M $12.65 + 4.6% + 7.8% NET DILUTED SYSTEM-WIDE NET ROOMS INCOME EPS HOTELS REVPAR◊ GROWTH GROWTH $1,096M $1,099M + 8.7% + 22% ADJUSTED GROSS PIPELINE ROOMS WORLD OF HYATT EBITDA † FEES GROWTH MEMBER GROWTH A NEW RECORD ~138K | A N
Slide 12: 2024 Gross Fee Mix
2024 GROSS FEE MIX 2024 Gross Fees: $1,099M REVPAR ◊ FEE MIX 3 BY GEOGRAPHY United States 46% Base Fees 36% Americas (excluding 23% United States) Incentive Fees 22% Asia Pacific (excluding 11% Greater China) Europe 9% Franchise Fees + Other RevPAR 26% Fees 1. Greater China 7% Non-RevPAR Middle East
Slide 13: Full Year 2025 Outlook
FULL YEAR 2025 OUTLOOK 2025 OUTLOOK GROWTH VS. FULL YEAR 2024 LOW CASE HIGH CASE 13% System-Wide Hotels Source Notes: 12% ◊ RevPAR Growth 2% 4% Net Rooms 9% Growth 6% 7% 8% Net Income $190M $240M Gross Fees $1,200M $1,230M Adjusted EBITDA †2 $1,100M $1,150M Low Case High Case Low Case High Case Adju
Slide 14: 2024 Marked Successful Completion of Latest Sell Down Commitment
2024 MARKED SUCCESSFUL COMPLETION OF LATEST SELL DOWN COMMITMENT OWNED AND LEASED SEGMENT ADJUSTED EBITDA † $M USD $261 IMPACT OF 2024 ASSET SALES $1.9B Gross Proceeds from 2024 Asset Sales $(38) $181 $(29) $(12) $(1) Impact from Assets Sold to 2024 $80M Owned and Leased Segment Contribution from so
Slide 15: Capital Allocation Strategy
PA R K H YAT T L O N D O N RIVER THAMES CAPITAL ALLOCATION STRATEGY WE HAVE AND WILL CONTINUE TO: Invest in growth to increase shareholder value Return excess cash to shareholders Commit to an investment-grade profile 15
Slide 16: Earnings Growth Model Reflects Simplified and More Predictable Earnings
EARNINGS GROWTH MODEL REFLECTS SIMPLIFIED AND MORE PREDICTABLE EARNINGS EARNINGS GROWTH MODEL SENSITIVITIES FOR 2025 2025 Illustrative Earnings Mix before Overhead +/- +/- 1 point 1 point +/- Owned and Leased System-Wide Hotels Net Rooms Growth in Adjusted EBITDA † % 15 RevPAR ◊ Growth 1 Distributio
Slide 17: Committed to Returning Capital Through Dividends & Share Repurchases
HYATT CENTRIC CAIRO WEST COMMITTED TO RETURNING CAPITAL THROUGH DIVIDENDS & SHARE REPURCHASES QUARTERLY SHARE REPURCHASE $0.15 DIVIDEND 1 $971M AUTHORIZATION 2 17
Slide 18: Committed to Investment Grade
COMMITTED TO INVESTMENT GRADE Senior Notes Maturities by Year 1 Credit Ratings Total Debt: $3.8B $1,240 $M USD BBB- Baa3 BBB- Negative Stable Stable $600 $600 Liquidity $450 $400 $399 STRONG POSITION WITH: $1.4B Cash, Cash Equivalents, 2025 2026 2027 2028 2029 2030 & Beyond & Short-Term Investments
Slide 19: What to Expect in 2025
THOMPSON PA L M S P R I N G S WHAT TO EXPECT IN 2025… Award-winning loyalty program and brand portfolio catering to high-end travelers drives commercial results Growth strategy focused on enhancing network effect creates value for all stakeholders Durable and predictable earnings model leads to Asse
Slide 20: Appendix
HYALTT APPENDIX
Slide 21: References
References SLIDE 3: INVESTMENT CONSIDERATIONS 1 Metrics presented and growth rate comparison against larger competitors are as of December 31, 2024. 2 Returned to shareholders through share repurchases and dividends. Figures calculated from January 1, 2017 to December 31, 2024. SLIDE 4: SINCE 2017:
Slide 22: References
References SLIDE 11: FULL YEAR 2024 HIGHLIGHTS Figures as of December 31, 2024, and growth rates represent year-over-year comparisons from years ended December 31, 2023 and December 31, 2024. 1 Proceeds and multiple reflective from the announcement of the disposition commitment in August 2021 throug
Slide 23: References
References SLIDE 17: COMMITTED TO RETURNING CAPITAL THROUGH DIVIDENDS & SHARE REPURCHASES 1 First quarter dividend payable on March 12, 2025 to stockholders of record as of February 28, 2025. 2 Share repurchase authorization as of December 31, 2024. Share repurchases may be made from time to time in
Slide 24: Definitions
Definitions Adjusted Earnings Before Interest Expense, Taxes, Depreciation, and Amortization (Adjusted EBITDA): We use the term Adjusted EBITDA throughout this Investor Presentation. Adjusted EBITDA, as we define it, is a non-GAAP measure. We define consolidated Adjusted EBITDA as net income (loss)
Slide 25: Definitions
Definitions Asset-Light Earnings Mix: Asset-Light Earnings Mix is calculated as Adjusted EBITDA from the management and franchising segment and distribution segment divided by Adjusted EBITDA, excluding overhead and eliminations. Our management uses this calculation to assess the composition of the
Slide 26: Definitions
Definitions Occupancy: Occupancy represents the total number of rooms sold divided by the total number of rooms available at a property or group of properties. Occupancy measures the utilization of a property's available capacity. We use occupancy to gauge demand at a specific property or group of p
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Net income (loss) attributable to Hyatt Hotels Corporation $ (56) $ 26 $ 1,296 $ 220 Contra revenue 13 13 69 47 Revenues for reimbursed costs (841) (791) (3,352) (3,058) Stock-based com
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Three Months Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Management and franchising $ 219 $ 205 $ 854 $ 782 Owned and leased 57 90 261 320 Distribution 20 6 140 129 Overhead (41) (52) (160) (177) Eliminations — — 1 1 Adjusted EBITDA $ 255 $ 2
Slide 29: Non-GAAP Reconciliations
Non-GAAP Reconciliations Year Ended December 31, 2025 (in millions) Outlook Range Low Case High Case Net income attributable to Hyatt Hotels Corporation $ 190 $ 240 Contra revenue 58 58 Stock-based compensation expense (a) 65 65 Transaction and integration costs 49 44 Depreciation and amortization 3
Slide 30: Hyatt
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