Hbx Group International Plc · BME:HBX
Hbx Group International — HBX Group — H1 2026 Earnings Presentation
27 slides from Hbx Group International's earnings presentation, May 13, 2026
Slide 1: Results Half Year 2026
RESULTS Half Year 2026 C 13 May 2026 1
Slide 2: Agenda
AGEN D A 01 Summary H1 26 performance 02 Financial results and guidance 03 CEO update 04 Q&A 2
Slide 3: Today's Presenters
Today’s Presenters NICOLAS HUSS BRENDAN BRENNAN CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER OFFICER 3 3
Slide 4: Delivering Profitable Growth
Delivering Profitable Growth H1’26 performance demonstrates disciplined execution and resilience Total Transaction Value (TTV) Adjusted EBITDA €3.8 billion €163 million +17% growth (constant currency) +9% growth (constant currency) 53% margin (+4ppts constant currency) Revenue Cash Conversion €309 m
Slide 5: H1'26 Strategic Progress
H1’26 Strategic Progress Executing with progress across growth, ecosystem expansion and returns GROW EXPAND DRIVE PROFITABILITY & ACCOMMODATION THE ECOSYSTEM CASH RETURNS APAC supply expansion: Platforms and capabilities: Enablement and productivity: ▪ Expanded Traveloka partnership, a ▪ Queer Desti
Slide 6: AI Case Studies
AI Case Studies Clear execution progress across automation, acceleration and growth Automation Acceleration Augmentation R emoving friction in the full travel Turning massive travel data into real- Unlocking new growth through hyper- lifecycle from beginning to end time, actionable intelligence pers
Slide 7: H1'26 Results and Outlook
H1’26 Results and Outlook Brendan Brennan, CFO 7
Slide 8: Income Statement Summary
Income Statement Summary Strong TTV growth with resilient profitability Change Change Key highlights KPIs H1’26 H1’25 constant reported currency ▪ TTV €3.8bn, up +17% at constant currency, reflecting TTV €3,770m €3,370m +17% +12% strong momentum across all regions including MEAPAC, despite 1ppt head
Slide 9: H1'26 Geographic Performance
H1’26 Geographic Performance Growth supported by underlying demand and diversified travel flows TTV by Change Change TTV trading trends H1’26 H1’25 constant destination currency reported Europe €1.6bn €1,4bn +16% +13% EUROPE: ▪ Continued volume growth, with strong contribution Americas €1.3bn €1.1bn
Slide 10: Driving Growth with Agility and Focus
Driving Growth with Agility and Focus Take rate reflects deliberate mix changes and volume-led commercial actions to capture growth and market share Increasing TPS Rising Shorter Lead-Time Growing OTA Channel Share of TTV (<3 Weeks) Share of TTV Share of TTV >+1ppt c.+2ppts c.+3ppts 44% 27% 17% 43%
Slide 11: Take Rate Evolution Driven by Mix and Commercial Strategy
Take Rate Evolution Driven by Mix and Commercial Strategy Reflecting deliberate mix changes and volume-led commercial actions to capture growth and market share Take Rate Evolution 9.5% Key drivers of take rate evolution 8.2% Strategic actions to grow footprint in Business Mix fastest growing segmen
Slide 12: Deep Dive on the Middle East
Deep Dive on the Middle East Impact in H1, -1ppt at constant currency, with an expected FY26 impact of -4ppts on the Group FY25 March + April ‘26 TTV contribution1 TTV YoY change1 Observations Middle East 4% -75% ▪ Trading was materially impacted in March and April, with limited Inbound near-term vi
Slide 13: H1'26 Cost and Efficiency Focus
H1’26 Cost and Efficiency Focus Disciplined cost management supported by technology investment Adjusted operating cost base (€m) 53% EBITDA margin, up +4ppts constant currency ▪ Costs down -5%, vs. +1% revenue growth, reflecting operating leverage 148 140 (5%) ▪ Operations costs down -9%, driven by
Slide 14: Strong Balance Sheet and Disciplined Deleveraging
Strong Balance Sheet and Disciplined Deleveraging Continued Net Debt reduction, with Adj. Net Debt / Adj. EBITDA at 1.7x €m Decrease Increase Totals 807 741 139 639 602 12 23 12 10 28 242 120 397 Adjusted Adjusted Working Net debt - Operating Income Net Purchase Capex FX and(1) Net debt Working Adju
Slide 15: Strong Financial Profile Supports Continued Investment and Returns
Strong Financial Profile Supports Continued Investment and Returns High cash generation supports investment in growth and shareholder returns 103% Adj. free cash flow conversion (last 12 months) Disciplined capital allocation Investing for growth Strong financial position Capital returns ▪ Consisten
Slide 16: Outlook and Financial Targets
Outlook and Financial Targets FY26 guidance adjusted for geopolitical headwinds; medium-term unchanged Constant FY25 FY261 Medium-term currency €8,178m +11% to +15% Low double-digit TTV 8% YoY growth YoY growth growth €720m High-single digit -4% to +1% Revenue 5% YoY growth YoY growth growth Take ra
Slide 17: CEO update
CEO update Nicolas Huss, CEO 17
Slide 18: Navigating Structural Change in Accommodation
Navigating Structural Change in Accommodation A clear strategy, aligned with market dynamics to drive value creation Market dynamics shaping accommodation: HBX is positioned for relevance and scale: Benefits from secular growth tailwinds, alongside AI-enabled operating model creating competitive inc
Slide 19: Proven Track Record Supporting Confidence in the Next Phase of Growth
Proven Track Record Supporting Confidence in the Next Phase of Growth Core strengths with a proven ability to deliver value at scale Proven ecosystem Fast topline growth Scalable business model Financial firepower success Outperforming market TTV Strengthened model’s Materially scaled ecosystem Stro
Slide 20: Executing the Strategic Building Blocks
Executing the Strategic Building Blocks Tangible progress across ecosystem expansion, AI and growth initiatives Strengthen the value proposition Evolve with AI +2 >120 Verticalised New product and Use cases identified operating capability launches1 +8 Agents model Embedded across the organisation In
Slide 21: Building the B2B Partner of Choice
Building the B2B Partner of Choice A scaled business, broader ecosystem and AI-enabled operating model From a To a scaled, AI-enabled pure-play leader fully integrated ecosystem Leading distribution network Value Accommodation-led Value increasingly created through scale, creation technology, data a
Slide 22: -hotelbeds bedsonline u sT ROIBACK é. Civitfun PERFECTSTAY
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Slide 23: Conclusion
Conclusion 01 Strong H1’26 execution, delivering double-digit TTV growth and initiating capital returns 02 Disciplined cost control supported by efficiency and productivity gains, with accelerated use of Artificial Intelligence and expenditure discipline 03 Clear strategy evolution aligned with mark
Slide 24: Appendix
HBX GROUP Appendix hotelbeds bedsonline U “<2. Civitfun PERFECTSTAY
Slide 25: TTV and Revenue by Region by Quarter H1'26
TTV and Revenue by Region by Quarter H1’26 TTV (€m) Q1‘26 Q2’26 H1‘26 Group total 2,023 1,747 3,770 - Europe 925 646 1,571 - Americas 618 635 1,253 - MEAPAC 480 466 946 Revenue (€m) Q1‘26 Q2’26 H1‘26 Group total 170 139 309 - Spain 18 15 33 - Rest of Europe 60 36 96 - US 32 27 59 - Rest of Americas
Slide 26: Glossary
Glossary Financial term Definition Operating Profit before depreciation and amortisation and after adding back non-underlying and non-recurring items which do not reflect the Adjusted EBITDA underlying performance of the business Adjusted EBITDA Margin Adjusted EBITDA divided by Revenue. Adjusted Ne
Slide 27: Contact Details and Important Information
IMPORTANT INFORMATION Disclaimer: This regulatory announcement contains information that HBX Group plc is required to disclose under applicable market regulations, including Regulation (EU) No 596/2014 of the European Parliament and the Council of 16 April 2014, on market abuse, and Law 6/2023, of 1