Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Q1 2025 Earnings Presentation
28 slides from Hyatt Hotels's earnings presentation, May 1, 2025
Slide 1: Hyatt Investor Presentation First Quarter 2025
Hyatt Investor Presentation FIRST QUARTER 2025 ANDAZ DOHA N E W LY O P E N E D Q 1 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 Hyatt Hotels Corporation's ("Hy
Slide 3: Investment Considerations
INVESTMENT CONSIDERATIONS 1 Simple and predictable asset-light business model driving record performance and Adj. Free Cash Flow† 79% $540M Global portfolio of brands serving the high-end Asset-Light Adjusted Free Cash Flow† traveler in each of our segments Earnings Mix◊ Rooms, fees, pipeline, and l
Slide 4: Strategic Growth Across Multiple Dimensions
STRATEGIC GROWTH 1 ACROSS MULTIPLE DIMENSIONS BAHIA PRINCIPE GRAND LA ROMANA 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 2017 202
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: Global Hospitality Company Focused On Serving The High-End Traveler
H O T E L L A C O M PA Ñ I A D E L VA L L E GLOBAL HOSPITALITY COMPANY FOCUSED ON SERVING THE HIGH-END TRAVELER 79 35 1,460 Countries Around Global Brands 1 Hotels and All-Inclusive the World and 6 Continents Properties ~ 357,336 #1 138,000 Rooms World's Largest Portfolio Rooms in Pipeline of Luxury
Slide 7: Redefining Loyalty
REDEFINING LOYALTY BAHIA PRINCIPE LUXURY AKUMAL ~ 56M 2024 Best Hotel Rewards Program World of Hyatt Members 2023 Best Hotel Loyalty Program 22% Membership Growth 40% More Members per Hotel J.D. Power & Associates 2023 Highest in Overall Customer Satisfaction (mobile app and web)2 Since Q1 2024 vs.
Slide 8: Brand Portfolios Reflect Focus & Differentiation
BRAND PORTFOLIOS 1 REFLECT FOCUS & DIFFERENTIATION Luxury Lifestyle Inclusive Classics Essentials 8
Slide 9: Quarterly Highlights
ANDAZ DOHA QUARTERLY HIGHLIGHTS 9
Slide 10: Q1 2025 Highlights
HYATT STUDIOS MOBILE / TILLMANS CORNER Q1 2025 HIGHLIGHTS 1 R E C E N T LY O P E N E D I N Q 1 2 0 2 5 FINANCIAL RESULTS $20M $0.19 $273M $307M NET INCOME DILUTED ADJUSTED GROSS FEES EPS EBITDA † NEW RECORD OPERATIONAL RESULTS + 5.7% + 10.5% + 7.0% + 22% SYSTEM-WIDE NET ROOMS PIPELINE ROOMS WORLD OF
Slide 11: Full Year 2025 Outlook
FULL YEAR 2025 OUTLOOK H YAT T C E N T R I C OCEAN FRONT XIAMEN LOW CASE HIGH CASE 2025 OUTLOOK GROWTH VS. FULL YEAR 2024 System-Wide Hotels RevPAR ◊ Growth 1% 3% 12% Net Rooms 11% Growth 6% 7% 8% Net Income $95M $150M 6% Gross Fees $1,185M $1,215M Adjusted EBITDA †1 $1,080M $1,135M Low Case High Ca
Slide 12: 2024 Marked Successful Completion Of Latest Sell Down Commitment
2024 MARKED SUCCESSFUL COMPLETION OF LATEST SELL DOWN COMMITMENT 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 f
Slide 13: Capital Allocation Strategy
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 H O T E L L A C O M PA Ñ I A D E L VA L L E 13
Slide 14: Earnings Growth Model Reflects Simplified And More Predictable Earnings
EARNINGS GROWTH MODEL REFLECTS SIMPLIFIED AND MORE PREDICTABLE EARNINGS EARNINGS GROWTH MODEL SENSITIVITIES FOR 2025 2025 Earnings Mix Outlook before Overhead Owned and Leased % 15 Distribution % System-Wide Hotels 10 + / - 1 POINT Net Rooms Growth RevPAR ◊ Growth 1 Asset-Light Earnings Mix◊ $ ADJUS
Slide 15: Committed To Returning Capital Through Dividends & Share Repurchases
HYATT PLACE NAIROBI WESTLANDS COMMITTED TO RETURNING CAPITAL THROUGH DIVIDENDS & SHARE REPURCHASES YEAR-TO-DATE SHARE QUARTERLY $0.15 DIVIDEND 1 $163M SHAREHOLDER $822M REPURCHASE RETURNS 2 AUTHORIZATION 3 15
Slide 16: Committed To Investment Grade
COMMITTED TO INVESTMENT GRADE Senior Notes Maturities by Year 1 Credit Ratings Total Debt: $4.3B $1,740 $M USD BBB- Baa3 BBB- Negative Stable Stable $899 Liquidity $600 $600 $400 STRONG POSITION WITH: $1.8B $— Cash and Cash Equivalents , 2025 2 2026 2027 2028 2029 2030 & Beyond & Short-Term Investme
Slide 17: What To Expect In 2025 & Beyond
H YAT T R E G E N C Y WHAT TO EXPECT IN 2025 & BEYOND 1 … PA N A M A C I T Y 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 earni
Slide 18: Planned Acquisition Of Playa Hotels & Resorts
HYATT ZIVA & HYATT ZILARA CAP CANA PLANNED ACQUISITION 1 OF PLAYA HOTELS & RESORTS DEAL RATIONALE HIGHLIGHTS ◊ Expected to Strengthen Hyatt’s Asset-Light Earnings Mix by o PSA signed on Feb 9, 2025, to acquire all outstanding ordinary transitioning Hyatt Ziva and Hyatt Zilara properties to more fee-
Slide 19: Hyatt: We care for people so they can be their best
HYALTT We ©”. for people so they can be their best.
Slide 20: Appendix
HYALTT APPENDIX
Slide 21: 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 22: References
References SLIDE 12: 2024 MARKED SUCCESSFUL COMPLETION OF LATEST SELL DOWN COMMITMENT Additional details relating to the adjustments to owned and leased segment adjusted EBITDA† from sold assets can be found on schedule A-9 of the first quarter 2025 earnings release. 1 Adjustment from sold owned and
Slide 23: 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 24: 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 25: Definitions
Definitions Playa Hotels Acquisition: On February 9, 2025, we agreed to acquire all of the outstanding shares of Playa Hotels & Resorts N.V., a leading owner, operator, and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations. Pursuant to the purchase agr
Slide 26: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Three Months Ended March 31, 2025 2024 Net income attributable to Hyatt Hotels Corporation $ 20 $ 522 Contra revenue 20 13 Revenues for reimbursed costs (886) (802) Reimbursed costs 902 836 Stock-based compensation expense (a) 31 31 Transaction and integration
Slide 27: Non-GAAP Reconciliations
Non-GAAP Reconciliations (in millions) Three Months Ended March 31, 2025 2024 Management and franchising $ 236 $ 203 Owned and leased 27 62 Distribution 49 39 Overhead (40) (46) Eliminations 1 1 Adjusted EBITDA $ 273 $ 259 (in millions) Year Ended December 31, 2024 Net cash provided by operating act
Slide 28: Non-GAAP Reconciliations
Non-GAAP Reconciliations Year Ended December 31, 2025 (in millions) Outlook Range Low Case High Case Net income attributable to Hyatt Hotels Corporation $ 95 $ 150 Contra revenue 64 64 Reimbursed costs, net (a) 134 114 Stock-based compensation expense (b) 70 70 Transaction and integration costs 65 6