Xenia Hotels & Resorts, Inc. · NYSE:XHR
Xenia Hotels & Resorts — Q2 2024 Earnings Presentation
36 slides from Xenia Hotels & Resorts's earnings presentation, Aug 2, 2024
Slide 1: Investor Presentation
XENIA HOTELS & RESORTS Investor Presentation May 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements . 1
Slide 3: Investment Highlights
Diverse & High-Quality Portfolio z Rar si] m Leer 32 luxury and upper-upscale hotels and resorts primarily in r Top 25 markets and key leisure destinations Multiple Growth Drivers Strong long-term growth prospects based on numerous embedded growth opportunities and accretive transactions Strong Bala
Slide 4: Portfolio Overview
Portfolio Overview . tg n> 4 worse | ." Ne. cat ‘i
Slide 5: Portfolio Composition
Portfolio Composition Portfolio Characteristics Diversified Branding 1 Key Portfolio Statistics 2 • 32 • Hotels • 9,515 15 Rooms Brands 14 22 • • States Markets Grand Bohemian Hotel Orlando, Waldorf Astoria Atlanta Buckhead Hyatt Regency Grand Cypress W Nashville Autograph Collection 4
Slide 6: Geographic Diversification
Geographic Diversification • • • • 5
Slide 7: Demand Segment Diversification
Demand Segment Diversification • • • • • • • Group • ~33% • • Leisure • Transient • ~25-30% • • Business • • Transient • ~37-42% • • • • • • • • • 6
Slide 8: Aligned with High Quality Hotel Brands
Aligned with High Quality Hotel Brands • • • • • • 7
Slide 9: Portfolio Evolution Towards Higher Quality
Portfolio Evolution Towards Higher Quality Since 20141 2015 2016 2017 2018 2019 2020 2021 2022 2023 Listing2 8
Slide 10: Top Markets by Same-Property Hotel EBITDA
Top Markets by Same-Property1 Hotel EBITDA2 9
Slide 11: Strong Portfolio Attributes vs. Lodging REIT Peers
Strong Portfolio Attributes vs. Lodging REIT Peers • • • • • • • • • • • 10
Slide 12: Multiple Growth Drivers
a a t€@nitric Key West Resort & Spa - Key West, FL
Slide 13: Multiple Embedded Growth Drivers
Multiple Embedded Growth Drivers 12
Slide 14: Recently Acquired Hotels
Recently Acquired Hotels ➢ ➢ ➢ ➢ 13
Slide 15: Driving Internal Growth Through Targeted CapEx
Driving Internal Growth Through Targeted CapEx 14
Slide 16: Driving Internal Growth Through Targeted CapEx
Driving Internal Growth Through Targeted CapEx 15
Slide 17: Driving Internal Growth Through Targeted CapEx
Driving Internal Growth Through Targeted CapEx • • • • • • • 16
Slide 18: Building on a Strong Track Record
Building on a Strong Track Record1 • • • • • • 17
Slide 19: Long-Term Growth Prospects
Long-Term Growth Prospects1 ~$25 ~$24 ~$17 ~$25 ~$343 ~$252 FY 2023 Adjusted Hyatt Regency Recent Acquisitions4 Return on Northern Estimated EBITDAre 2 Scottsdale Recent Capital California Asset Stabilized PF Transformative Expenditures 5 Recovery 6 Adjusted Renovation 3 EBITDAre 18
Slide 20: Strong Balance Sheet & Favorable Outlook
Strong Balance Sheet & Favorable Outlook 19
Slide 21: Balance Sheet Overview
Balance Sheet Overview Liquidity Debt Summary Debt Mix $1.4B Total Debt 20
Slide 22: Balance Sheet Overview
Balance Sheet Overview D As of March 31, 2024 XE NIA Debt Maturity Profile fLOC Availability Term Loan ~ 5 2x Conservative balance sheet leverage ™ Mortgages Leverage Ratio with continued strengthening expected 1 00% The Company has no near-term : exposure to higher rates as all debt is Fixed or Hed
Slide 23: Historically RevPAR Growth is Stronger During Periods of Low Supply Growth
Historically RevPAR Growth is Stronger During Periods of Low Supply Growth 9% 4.0% 8% 3.5% 7% 3.0% RevPAR % Change Supply % Growth 6% 2.5% 5% 2.0% 4% 1.5% 3% 1.0% 2% 1% 0.5% – 0.0% 2011 2012 2013 2014 2015 U.S. RevPAR Growth U.S. Supply Growth 22
Slide 24: Recent Trends and Near-Term Outlook
Recent Trends and Near-Term Outlook1 • • • • • • • 23
Slide 25: Near-Term Outlook – Guidance
Near-Term Outlook – Guidance1 Current FY 2024 Guidance Variance to Prior Guidance Low High Low High Additional Current FY 2024 Guidance: • • • • • • 24
Slide 26: Outlook by Top Market
Outlook by Top Market! XENIA HOTELS & RESORTS 1 Market Houston, TX Orlando, FL Phoenix, AZ Dallas, TX San Diego, CA Atlanta, GA Nashville, TN San Francisco/San Mateo, CA Florida Keys, FL Portland, OR As defined in the Company's earnings release dated May 2, 2024 Add al Commentary Group and corporate
Slide 27: Experienced Management
Mm Li oT m m [ul] monn LI il Lid ' alll a ml m 4 nj m LL 2 : a j mae ow om ' ao i ul LJ m NORDSTROM ‘THE RITZ-CARLTON S4f Bia! Ge be — —— The Ritz-Carlton, Pentagon City - Arlington, VA == jello, SUE
Slide 28: Experienced Management Team
Experienced Management Team 27
Slide 29: Executive Team with Extensive Track Record
Executive Team with Extensive Track Record • • ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 28
Slide 30: Appendix
Appendix 29
Slide 31: Non-GAAP Financial Measures
Non-GAAP Financial Measures 30
Slide 32: Non-GAAP Financial Measures
Non-GAAP Financial Measures 31
Slide 33: Non-GAAP Reconciliations
Non-GAAP Reconciliations 32
Slide 34: Non-GAAP Reconciliations
Non-GAAP Reconciliations 33
Slide 35: Non-GAAP Reconciliations
Non-GAAP Reconciliations Proforma 34
Slide 36: Xenia Hotels & Resorts
XENIA HOTELS & RESORTS
Xenia Hotels & Resorts — Q2 2024 Earnings Presentation on 6ix