InterContinental Hotels Group PLC · LSE:IHG
InterContinental Hotels — Q1 2007 Earnings Presentation
15 slides from InterContinental Hotels's earnings presentation, Mar 31, 2007
Slide 1: Supplementary Information
Supplementary Information 31 March 2007
Slide 2: Index
Index RevPAR - 3 months to 31 March 2007 RevPAR, Occupancy & ADR – 2007 Q1 Trading Pipeline of Signed Deals - at 31 March 2007 Hotel & Room Count – at 31 March 2007 Continuing Revenue & Operating Profit by Quarter Cashflow – 3 months ended 31 March 2007
Slide 3: Explanatory Notes
Explanatory Notes We have disclosed owned, leased and managed RevPAR, occupancy and ADR on a comparable basis. Owned and leased comparable RevPAR, occupancy and ADR reflects performance this year compared to the same period last year for owned and leased hotels that have traded in both years. This e
Slide 4: RevPAR - 3 Months to 31 March 2007 Owned & Leased and Managed
RevPAR - 3 Months to 31 March 2007 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 4 72.3% 1.8% 218.61 6.6% 158.16 9.2% 21 68.6% 1.8
Slide 5: RevPAR - 3 Months to 31 March 2007 Franchised and Total
RevPAR - 3 Months to 31 March 2007 Franchised and Total Constant US$ Franchised Total Occ % ADR RevPAR Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 63.8% (6.7%) 143.24 18.7% 91.38 7.5% 67.2% (1.3%) 168.51 10.9% 113.19 8.7% Crowne Plaza 61.2% 0.8
Slide 6: 2007 Trading - RevPAR Growth
2007 Trading - RevPAR Growth Constant US$ Jan Feb Mar Q1 Ytd US - InterContinental 4.7% 7.9% 6.6% 6.5% US - Crowne Plaza 1.1% 5.7% 4.5% 3.8% US - Holiday Inn 1.7% 2.7% 4.9% 3.3% US - Express 8.7% 7.1% 8.5% 8.1% US - Staybridge (1.1%) (1.3%) (1.7%) (1.3%) US - Candlewood 1.1% (1.7%) (0.9%) (0.5%) US
Slide 7: 2007 Trading - Occupancy Growth (%age points)
2007 Trading - Occupancy Growth (%age points) %age Points Jan Feb Mar Qtr1 US - InterContinental (2.2%) (0.8%) (3.1%) (2.1%) US - Crowne Plaza (0.9%) 0.7% 0.4% 0.0% US - Holiday Inn (1.2%) (1.1%) (0.0%) (0.8%) US - Express 0.2% (1.0%) (0.4%) (0.4%) US - Staybridge (2.5%) (4.0%) (4.2%) (3.6%) US - Ca
Slide 8: 2007 Trading - Average Daily Rate Growth
2007 Trading - Average Daily Rate Growth Constant US$ Jan Feb Mar Qtr1 US - InterContinental 8.4% 9.2% 11.0% 9.6% US - Crowne Plaza 2.7% 4.6% 3.9% 3.8% US - Holiday Inn 4.0% 4.7% 4.9% 4.6% US - Express 8.3% 8.7% 9.1% 8.7% US - Staybridge 2.9% 4.3% 4.0% 3.8% US - Candlewood 7.4% 5.5% 6.8% 6.6% US - I
Slide 9: Pipeline of Signed Deals - Total at 31 March 2007
Pipeline of Signed Deals - Total at 31 March 2007 Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 5 2,613 2 872 7 3,485 Crowne Plaza - - 28 6,921 28 6,921 Holiday Inn 1 137 223 27,676 224 27,813 Express - - 519 44,749 519 44,749 Staybridge 7 866 102 10,604 109 11,470
Slide 10: Hotel & Room Count - Total at 31 March 2007
Hotel & Room Count - Total at 31 March 2007 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 5 2,271 22 7,956 22 6,074 49 16,301 Crowne Plaza 1 293 18 6,525 139 36,804 158 43,622 Holiday Inn 5 1,882 27 9,633 942 172,363 974 183,878 Express
Slide 11: Continuing Revenue & Operating Profit
Continuing Revenue & Operating Profit Continuing operations are classified under IFRS at 31 March 2007. This classification can change over time. Continuing excludes all owned and leased hotels assets sold or on the market at 31 March 2007.
Slide 12: 2007 Continuing Revenue & Operating Profit
2007 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q1 Americas O&L 26 1 Managed 19 6 Franchised 54 48 Sub-total 99 55 Regional overhead - (8) Americas 99 47 EMEA O&L 26 (2) Managed 16 8 Franchised 8 6 Sub-total 50 12 Regional overhead - (5) EMEA 50 7 Asia Pacific O&L 18 4 Mana
Slide 13: 2006 Continuing Revenue & Operating Profit
2006 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 22 23 22 26 93 2 4 2 2 10 Managed 20 20 18 19 77 6 9 7 5 27 Franchised 55 63 66 57 241 49 54 57 48 208 Sub-total 97 106 106 102 411 57 67 66 55 245 Regional overhead - - - (8)
Slide 14: 2005 Continuing Revenue & Operating Profit
2005 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 19 21 22 24 86 2 4 2 3 11 Managed 13 18 16 18 65 4 6 4 6 20 Franchised 45 54 60 54 213 39 47 55 45 186 Sub-total 77 93 98 96 364 45 57 61 54 217 Regional overhead - - - - - (8)
Slide 15: Cashflow - 3 months ended 31 March 2007
Cashflow - 3 months ended 31 March 2007 3 months to 3 months to £m 31 March 2007 31 March 2006 Operating profit* 46 46 Depreciation & amortisation 15 18 Working capital (25) (38) Pensions obligation (10) - Other (1) 1 Cash flow from operations 25 27 Net debt as at 31 March 192 (5) *Excludes special
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