Accor Sa · EURONEXT:AC
Accor Sa — Q1 2024 Earnings Presentation
19 slides from Accor Sa's earnings presentation, Apr 25, 2024
Slide 1: Q1 2024 Revenue
Q1 2024 Revenue A p r i l 2 5 th, 2 0 2 4
Slide 2: Disclaimer
Disclaimer By reading the following presentation slides, you further agree to be The main risk factors are further developed in Accor’s Universal Registration bound by the following limitations and qualifications: Document which is filed with the AMF (Autorité des Marchés Financiers) and is availabl
Slide 3: Q1 2024 Highlights
Q1 2024 Highlights Strong operating performance Disciplined capital allocation Excellent Q1 24 RevPAR growth +8% L/L Fitch credit outlook upgraded to positive 1 vs. Q1 23 benefitting from a diversified portfolio 1 BBB- rating with both S&P & Fitch Extended debt maturity Accelerating Net Unit Growth
Slide 4: Continued trading momentum in Q1 24
Continued trading momentum in Q1 24 Premium, Midscale & Economy Luxury & Lifestyle +12% +10% +8% +4% +7% +5% +6% ENA MEA APAC Americas Total Total Luxury Lifestyle Total Total Occupancy Rate Average Room Rate XX% RevPAR L/L year-on-year ACCOR – Q1 2024 REVENUE 4
Slide 5: Solid NUG Momentum for both Divisions
Solid NUG Momentum for both Divisions Premium, Midscale & Economy Luxury & Lifestyle LTM Net Unit Growth LTM M&F Revenue LTM Net Unit Growth LTM M&F Revenue +2.5% €1.2k/room +6.8% €3.8k/room In rooms (1) In rooms (1) 329k 306k 82k 113k 37k 48k 72k 27k 27k 10k ENA MEA APAC Americas Luxury Lifestyle N
Slide 6: +8% L/L Group Revenue Growth in Q1 2024
MGallery, Sopporo, Japan +8% L/L Group Revenue Growth in Q1 2024 In € millions Q1 2023 Q1 2024 Reported L/L change change M&F 173 192 +11% +14% STO 263 252 (4)% (1)% HA & OTHER 245 246 +1% +9% PREM., MID. & ECO. 681 690 +1% +6% M&F 94 102 +8% +11% STO 315 347 +10% +12% HA & OTHER 67 118 +77% +13% LU
Slide 7: +13% L/L M&F Revenue Growth
Swissôtel Tbilisi , Georgia +13% L/L M&F Revenue Growth In € millions Q1 2023 Q1 2024 Reported L/L change change ENA 100 106 +6% +6% MEA APAC 59 68 +15% +21% AMERICAS 15 19 +27% +33% PREM., MID. & ECO. 173 192 +11% +14% LUXURY 71 74 +4% +8% LIFESTYLE 23 28 +21% +22% LUXURY & LIFESTYLE 94 102 +8% +11
Slide 8: Key Takeaways
Sofitel Legend The Mozart Prague, Czech Republic Key Takeaways 1 Strong start of the year for operational performance Timely execution of the share buyback programme for FY24 2 to maximize accretion for shareholders Accelerated renewal of the shareholder base 3 combined with rejoining the CAC 40 ind
Slide 9: Appendices
Tribe Bangkok Sukhumvit, Thailand Appendices ACCOR – Q1 2024 REVENUE 9
Slide 10: Q1 2024 Revenue vs. Q1 2023 – From Like-for-Like to Reported
Q1 2024 Revenue vs. Q1 2023 – From Like-for-Like to Reported +8% +3% (3)% +8% Like-for-Like Perimeter Currency Reported €95m €38m €(37)m €97m Mainly Negative currency effect Potel & Chabot CAD: €(1)m EGP: €(2)m USD: €(3)m TRY: €(10)m AUD: €(11)m ACCOR – Q1 2024 REVENUE 10
Slide 11: RevPAR
3 RevPAR ACCOR – Q1 2024 REVENUE 11
Slide 12: Q1 2024 RevPAR vs. Q1 2023 – Systemwide
Q1 2024 RevPAR vs. Q1 2023 – Systemwide Q1 2024 vs. Q1 2023 OR ARR REVPAR Q1 2024 vs. Q1 2023 ENA 58.2 0.9 92 3.2 54 4.9 MEA APAC 65.8 1.9 89 9.0 59 12.1 AMERICAS 54.6 (1.3) 71 6.1 39 3.6 PREM., MID. & ECO. 61.0 1.1 89 6.1 54 8.0 LUXURY 60.7 1.3 248 3.5 150 5.8 LIFESTYLE 57.6 4.9 219 1.6 126 10.1 LU
Slide 13: Portfolio
4 Portfolio ACCOR – Q1 2024 REVENUE 13
Slide 14: Portfolio as of March 31st, 2024
Portfolio as of March 31st, 2024 Owned & Leased Managed Franchised Total #HOTELS #ROOMS #HOTELS #ROOMS #HOTELS #ROOMS #HOTELS #ROOMS ENA 8 2,493 910 136,766 2,048 189,418 2,966 328,677 MEA APAC 41 7,181 780 177,355 846 121,664 1,667 306,200 AMERICAS 54 10,930 166 28,385 229 32,383 449 71,698 PREM.,
Slide 15: Exchange rates
5 Exchange rates ACCOR – Q1 2024 REVENUE 15
Slide 16: Q1 2024 Exchange Rates
Q1 2024 Exchange Rates 1 foreign currency = X euro Q1 2023 Q1 2024 Q1 2024 Average Rate Average Rate vs. Q1 2023 AMERICAN DOLLAR (USD) 0.93 0.92 (1)% AUSTRALIAN DOLLAR (AUD) 0.64 0.61 (5)% BRAZILIAN REAL (BRL) 0.18 0.19 +4% TURKISH LIRA (TRY) 0.05 0.03 (40)% CANADIAN DOLLAR (CAD) 0.69 0.68 (1)% BRIT
Slide 17: Glossary
5 Glossary ACCOR – Q1 2024 REVENUE 17
Slide 18: Glossary
Glossary Division Region Like-for-like (L/L) definitions organization definition for P&L figures • M&F: • ENA: • Foreign exchange changes vs. Management & Franchise Europe North Africa including Euro are cancelled applying the France, Germany and UK n-1 exchange rate to year n • STO: Services to Own
Slide 19: ACCOR
ACCOR