Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Q2 2025 Earnings Presentation
31 slides from Hyatt Hotels's earnings presentation, Aug 7, 2025
Slide 1: Hyatt Investor Presentation Second Quarter 2025
Hyatt Investor Presentation SECOND QUARTER 2025 ALUASOUL SUNNY BEACH N E W LY O P E N E D Q 2 2 0 2 5 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 the Company's plans, strategies
Slide 3: Investment Considerations
INVESTMENT CONSIDERATIONS 1 Global portfolio of premium brands serves guests AS OF DECEMBER 31, 2024 with high disposable income, leading to greater fees per room 79% $540M † Significant potential for long-term organic growth due Asset-Light Adjusted Free Cash Flow to white space in secondary U.S. m
Slide 4: Strategic Growth Across Multiple Dimensions
STRATEGIC GROWTH 1 ACROSS MULTIPLE DIMENSIONS SECRETS LA ROMANA R E S O R T & S PA 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 20
Slide 5: Hyatt's Portfolio Is Uniquely Positioned
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 6: Focused Growth Has Positioned Hyatt As A Leader In Luxury
DREAMS LA ROMANA RESORT & SPA Hyatt focused on growing Luxury properties to serve high-end customers 2017 23% 47% 30% FOCUSED GROWTH HAS POSITIONED HYATT AS A LEADER 2024 33% 38% 27% 2% IN LUXURY While competitors focused on Upscale and Upper Midscale & Midscale Chain scale mix in 2017 and in 2024 2
Slide 7: Hyatt Is Well Represented In The Top Global Markets
ANDAZ SINGAPORE 1 HYATT IS WELL REPRESENTED IN THE TOP GLOBAL MARKETS AND HAS SIGNIFICANT OPPORTUNITY TO EXPAND TO NEW MARKETS Global Markets Global Market Coverage Hotels per Market As defined by Smith Travel Research Hyatt has significant opportunity to expand into markets where it currently Hyatt
Slide 8: Future Growth Opportunities In The United States
H YAT T S T U D I O S M O B I L E / TILLMANS CORNERL 1 FUTURE GROWTH OPPORTUNITIES IN THE UNITED STATES ARE MEANINGFUL WITH SIGNIFICANT WHITE SPACE Market Tracts Market Tract Coverage Hotels per Tract As defined by Smith Travel Research Hyatt has significant opportunity to expand into tracts where i
Slide 9: Global Hospitality Company Focused On Serving The High-End Traveler
ZÉLIA HALKIDIKI GLOBAL HOSPITALITY COMPANY FOCUSED ON SERVING THE HIGH-END TRAVELER 80 36 1,487 Countries Around Global Brands 1 Hotels and All-Inclusive the World and 6 Continents Properties ~ 363,790 #1 140,000 Rooms World's Largest Portfolio Rooms in Pipeline of Luxury Branded Rooms in Resort Loc
Slide 10: Redefining Loyalty
REDEFINING LOYALTY BAHIA PRINCIPE LUXURY AKUMAL ~ 58M 2024 Best Hotel Rewards Program World of Hyatt Members 2023 Best Hotel Loyalty Program 21% Membership Growth 43% More Members per Hotel J.D. Power & Associates 2023 Highest in Overall Customer Satisfaction (mobile app and web)2 Since Q2 2024 vs.
Slide 11: Brand Portfolios Demonstrate Focus & Differentiation
BRAND PORTFOLIOS 1 DEMONSTRATE FOCUS & DIFFERENTIATION Luxury Lifestyle Inclusive Classics Essentials 11
Slide 12: Quarterly Highlights
HOTEL X TORONTO QUARTERLY HIGHLIGHTS 12
Slide 13: Q2 2025 Highlights
HYATT REGENCY ZADAR Q2 2025 HIGHLIGHTS 1 R E C E N T LY O P E N E D I N Q 2 2 0 2 5 FINANCIAL RESULTS $(3)M $(0.03) $303M $301M NET INCOME DILUTED ADJUSTED GROSS FEES (LOSS) EPS EBITDA † OPERATIONAL RESULTS + 1.6% + 11.8% + 7.7% + 21% SYSTEM-WIDE NET ROOMS PIPELINE ROOMS WORLD OF HYATT HOTELS REVPAR
Slide 14: Hyatt Full Year 2025 Outlook
HYATT FULL YEAR 2025 OUTLOOK HOTEL SEVILLE NOMAD OUTLOOK PRESENTED EXCLUDES THE IMPACT OF PLAYA LOW CASE HIGH CASE 2025 OUTLOOK GROWTH VS. FULL YEAR 2024 System-Wide Hotels RevPAR ◊ Growth 1% 3% 11% Net Rooms 11% Growth 6% 7% 9% Net Income $135M $165M 7% Gross Fees $1,195M $1,215M Adjusted EBITDA †
Slide 15: Impact Of 2024 Asset Sales To Owned And Leased Segment Adjusted EBITDA
IMPACT OF 2024 ASSET SALES TO OWNED AND LEASED SEGMENT ADJUSTED EBITDA † $M USD $261 IMPACT OF 2024 ASSET SALES $1.9B Gross Proceeds from Assets Sold in 2024 $(38) $181 $(29) $(12) $(1) Adjustment to 2024 Owned and $80M Leased Segment Adjusted EBITDA† Adjustments from sold owned and leased hotels1 f
Slide 16: Capital Allocation Strategy
HOTEL X TORONTO 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 16
Slide 17: Hyatt (Ex. Playa) Earnings Growth Model
HYATT (EX. PLAYA) EARNINGS GROWTH MODEL REFLECTS SIMPLIFIED AND MORE PREDICTABLE EARNINGS EARNINGS GROWTH MODEL SENSITIVITIES FOR 2025, EXCLUDES PLAYA IMPACT 2025 Earnings Mix Outlook before Overhead Owned and Leased % 15 Distribution % System-Wide Hotels 10 + / - 1 POINT Net Rooms Growth RevPAR ◊ G
Slide 18: Committed To Returning Capital Through Dividends & Share Repurchases
AOLUGUYA, THE UNBOUND COLLECTION COMMITTED TO RETURNING CAPITAL THROUGH DIVIDENDS & SHARE REPURCHASES SHAREHOLDER RETURNS SHARE $0.15 QUARTERLY $177M YEAR-TO-DATE 2 $822M REPURCHASE DIVIDEND 1 AUTHORIZATION 4 $300M 2025 OUTLOOK 3 18
Slide 19: Committed To Investment Grade
COMMITTED TO INVESTMENT GRADE Total Debt: $6.0B, Inclusive of $1.7 billion Delayed Draw Term Loan Credit Ratings Senior Notes Maturities by Year 1 Total Senior Notes: $4.2B $1,740 $M USD BBB- Baa3 BBB- Stable Stable Stable $899 Liquidity $600 $600 $400 STRONG POSITION WITH: $0.9B $— Cash and Cash Eq
Slide 20: What To Expect In 2025 & Beyond
FIRSTNAME TOULOUSE WHAT TO EXPECT IN 2025 & BEYOND 1 … 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 Ass
Slide 21: Hyatt
HYALTT We ©”. for people so they can be their best.
Slide 22: Appendix
HYALTT APPENDIX
Slide 23: 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 - December 31, 2024. SLIDE 4: STRATEGIC GRO
Slide 24: References
References SLIDE 11: BRAND PORTFOLIOS1 DEMONSTRATE FOCUS & DIFFERENTIATION 1 Brand portfolio as of June 30, 2025. SLIDE 13: Q2 2025 HIGHLIGHTS 1 Figures as of June 30, 2025, and growth rates represent year-over-year comparisons from quarters ended June 30, 2024 and June 30, 2025. SLIDE 14: HYATT FUL
Slide 25: References
References SLIDE 19: COMMITTED TO INVESTMENT GRADE Total debt and liquidity figures as of June 30, 2025. 1 Chart excludes $59 million of variable rate mortgage loan, $51 million of variable rate term loan, $20 million of floating average rate loan, $22 million of finance lease obligations, $39 milli
Slide 26: 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 27: 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 28: Definitions
Definitions Playa Hotels Acquisition: On June 17, 2025, the Company completed the acquisition of Playa Hotels & Resorts N.V., a leading owner, operator, and developer of all-inclusive resorts in Mexico, the Dominican Republic, and Jamaica, for a purchase price of $13.50 per share, or an enterprise v
Slide 29: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net income (loss) attributable to Hyatt Hotels Corporation $ (3) $ 359 $ 17 $ 881 Contra revenue 15 16 35 29 Revenues for reimbursed costs (945) (842) (1,831) (1,644) Reimbursed costs 949
Slide 30: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Three Months Ended June 30, 2025 Six Months Ended June 30, 2025 Hyatt (Ex-Playa) Playa (b) Consolidated Hyatt (Ex-Playa) Playa (b) Consolidated Net income (loss) attributable to Hyatt Hotels Corporation $ 72 $ (75) $ (3) $ 118 $ (101) $ 17 Contra revenue 15 — 1
Slide 31: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Year Ended December 31, 2025 Outlook Range Hyatt (Ex-Playa) Playa1 Consolidated Low Case High Case Low Case High Case Low Case High Case 1 Assumes the Playa Real Estate Transaction does not close before December 31, 2025 and that the real estate acquired as par