Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Merger or Acquisition (August 2021)
19 slides from Hyatt Hotels's merger presentation, Aug 16, 2021
Slide 1: Transaction Announcement
Exhibit 99.2 Dreams Playa Bonita, Panama TRANSACTION ANNOUNCEMENT AUGUST 16, 2021 Hyatt and related marks are trademarks of Hyatt Corporation or its affiliates. © 2021 Hyatt Corporation. All rights reserved . 1Exhibit 99.2 Dreams Playa Bonita, Panama TRANSACTION ANNOUNCEMENT AUGUST 16, 2021 Hyatt an
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER TRANSACTION ANNOUNCEMENT On August 16, 2021, Hyatt Hotels Corporation (together with one or more of its affiliates, “Hyatt” or the “Company”) announced that Hyatt has reached a definitive agreement to acquire Apple Leisure Group (the “Transaction”). The Transaction is subject to satisfact
Slide 3: We are announcing two decisions today
Zoëtry Montego Bay Resort & Spa, Jamaica TRANSACTION ANNOUNCEMENT We are announcing two decisions today Signed an agreement to acquire Apple Leisure Group • Acquiring a highly desirable independent resort management platform with significant luxury presence and demonstrated track record of growth •
Slide 4: Strategic Intent
Dreams Vista Cancun Golf & Spa Resort, Mexico STRATEGIC INTENT These decisions are aligned with our commitments and our long-term strategy Driving industry-leading growth ü Adding significant embedded and prospective growth Investing in asset-light platforms ü Transforming the earnings profile with
Slide 5: Transaction Overview
Secrets Mallorca Villamil Resort & Spa, Spain TRANSACTION OVERVIEW Reflects an enterprise value of ~$2.7 billion on a debt-free, cash-free basis, Transaction 1 representing a low double-digit multiple on FY23E ALG Management EBITDA , consideration reflecting significant and ongoing expansion Upon jo
Slide 6: Apple Leisure Group Summary
Dreams Las Mareas Resort & Spa, Costa Rica APPLE LEISURE GROUP SUMMARY 2019 financial performance Total revenue: $1.2 billion 1 ALG Management EBITDA : $168 million Unlimited Vacation Club AMResorts Vacations Resort management company Membership program Travel distribution platform • Established B2B
Slide 7: AMResorts Overview
AMRESORTS OVERVIEW ™ Resort Room 2 1 AMResorts highlights count count Description ADR • High-end luxury Resort management company that ™ ~$300 21 7,642 • Romantic, adult-only provides sales, marketing, and brand management services to all-inclusive • High-end luxury ™ ~$225 27 11,927 resorts targeti
Slide 8: Unlimited Vacation Club (UVC) Overview
UNLIMITED VACATION CLUB (UVC) OVERVIEW UVC highlights UVC’s value proposition to… Exclusive travel membership program Preferred pricing based on prevailing 1 across AMR Collection brands rates …UVC members Memberships entitle participants to Free nights based on membership tier receive: • Preferred
Slide 9: Vacations Overview
VACATIONS OVERVIEW Vacations highlights Vacations brands summary One of the largest tour operators / ™ ™ packagers in North America for leisure B2B tour operators serving U.S. travel travel to Mexico and the Caribbean agents and end-consumers to domestic B2B destinations, Mexico, the Caribbean, and
Slide 10: Strategic Rationale: Five Key Benefits
STRATEGIC RATIONALE: FIVE KEY BENEFITS Accelerate asset-light strategy Further accelerate growth platform Expand footprint in luxury resort travel Expand share of wallet and increase choice for guests Enhance benefits for owners 10
Slide 11: Accelerate Asset-Light Strategy
Hyatt Regency Lake Tahoe Resort, Spa And Casino, U.S.A. ACCELERATE ASSET-LIGHT STRATEGY 1 Our progress since 2017 Earnings mix, % of total Owned & leased Fee-based Hyatt expects to complete current asset commitment this year, total of $3.0 billion in asset sales at a ~17.4x multiple since announcing
Slide 12: Further Accelerate Growth with Expanded Platform
Sunscape Curaçao Resort, Spa & Casino, Curaçao FURTHER ACCELERATE GROWTH WITH EXPANDED PLATFORM Our collective capabilities strengthen a global growth engine AMR Collection’s developer and owner base provides us with deeply committed partners in key geographies Our global relationships and developme
Slide 13: Expand Footprint: Integrated Global Travel Platform
EXPAND FOOTPRINT: INTEGRATED GLOBAL TRAVEL PLATFORM …and the combined portfolio places Market trends and shifts underline the growing attractiveness of Hyatt as a leader in this segment luxury leisure travel … People spend on experiences largest operator of st luxury hotels in Mexico Experience-rela
Slide 14: Expand Footprint: Key Geographies
EXPAND FOOTPRINT: KEY GEOGRAPHIES 1 AMR Collection will add footprint in areas Resorts 2 3 where Hyatt has few resorts today Hyatt AMR Collection Combined Mexico 9 37 46 Doubles Hyatt’s total resort count to Dominican Republic 2 11 13 over 200 resorts Jamaica 2 4 6 Costa Rica 1 2 3 4 Increases Hyatt
Slide 15: AMR Collection and Hyatt Combine Two Growth Engines
EXPAND FOOTPRINT: AMR COLLECTION AND HYATT WILL COMBINE TWO POWERFUL GROWTH ENGINES UPON CLOSE AMR Collection and Hyatt portfolios have experienced rapid growth Deal economics reflect AMR Collection’s in recent years embedded and prospective expansion 1 Hotel room count , K AMR Collection portfolio
Slide 16: Expand Share-of-Wallet and Increase Choice for Guests
Alua Illa de Menorca, Spain EXPAND SHARE -OF-WALLET AND INCREASE CHOICE FOR GUESTS Our membership programs will introduce a wider customer base that is passionate about travel to a Hyatt world Our guests will have an expanded set of choices to explore more brands, experiences, and places We are expl
Slide 17: Enhance Benefits for Owners
Secrets St. Martin Resort & Spa, St. Martin ENHANCE BENEFITS FOR OWNERS Upon closing, our combined footprint will give us tangible operational corporate & property-level benefits Combined resources will help us further innovate our digital capabilities and drive direct bookings Shared support functi
Slide 18: Recap: Strategic Rationale
RECAP: STRATEGIC RATIONALE Accelerate asset-light strategy Further accelerate growth platform Expand footprint in luxury resort travel Expand share of wallet and increase choice for guests Enhance benefits for owners 18RECAP: STRATEGIC RATIONALE Accelerate asset-light strategy Further accelerate gro
Slide 19: Hyatt
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