Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Investor Day (May 2023)
14 slides from Hyatt Hotels's investor day presentation, May 11, 2023
Slide 1: 2023 Appendix
2023 Appendix SECRETS MOXCHÉ AND SECRETS IMPRESSION MOXCHÉ HYATT AND RELATED MARKS ARE TRADEMARKS OF HYATT CORPORATION OR ITS AFFILIATES. © 2023 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 our plans, strategies, outlook
Slide 3: Definitions
DEFINITIONS Adjusted Earnings Before Interest Expense, Taxes, Depreciation, and Amortization (Adjusted EBITDA) and EBITDA: We use the terms Adjusted EBITDA and EBITDA throughout this earnings release. Adjusted EBITDA and EBITDA, as we define them, are non-GAAP measures. We define consolidated Adjust
Slide 4: Definitions
DEFINITIONS Adjusted Net Income (Loss) and Adjusted Diluted Earnings (Losses) per Share (EPS): Adjusted net income (loss) and Adjusted Diluted EPS, as we define them, are non-GAAP measures. We define Adjusted net income (loss) as net income (loss) attributable to Hyatt Hotels Corporation excluding s
Slide 5: Definitions
DEFINITIONS Revenue per Available Room (RevPAR): RevPAR is the product of the average daily rate and the average daily occupancy percentage. RevPAR does not include non-room revenues, which consist of ancillary revenues generated by a hotel property, such as food and beverage, parking, and other gue
Slide 6: Non-GAAP Measures Reconciliation: Free Cash Flow 2008-2022
NON-GAAP MEASURES RECONCILIATION RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW 2008-2022 (In Millions, USD) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2022 Net Cash Provided by Operating Activities 287 276 450 393 499 456 473 538 462 587 341 396 674 C
Slide 7: Non-GAAP Measures Reconciliation: Net Income to Adjusted EBITDA
NON-GAAP MEASURES RECONCILIATION RECONCILIATION OF NET INCOME TO EBITDA AND EBITDA TO ADJUSTED EBITDA 2022, 2019, 2017 (In Millions, USD) 2017 2019 2022 Net income 389 1,263 455 Interest expense 80 75 150 (Benefit)Provision for income taxes 332 (257) (92) Depreciation and amortization 348 329 426 EB
Slide 8: 2023 Non-GAAP Measures Reconciliation: EBITDA to Adjusted EBITDA
2023 NON-GAAP MEASURES RECONCILIATION OUTLOOK: NET INCOME TO EBITDA AND EBITDA TO ADJUSTED EBITDA 2023E (In Millions, USD) 2023 Outlook Ranges Low Case High Case Net income 197 255 Interest expense 127 127 Provision for income taxes 141 154 Depreciation and amortization 386 386 EBITDA 850 922 Contra
Slide 9: 2023 Non-GAAP Measures Reconciliation: Free Cash Flow
2023 NON-GAAP MEASURES RECONCILIATION OUTLOOK: NET INCOME TO FREE CASH FLOW 2023E (In Millions, USD) 2023 Outlook Ranges Low Case High Case Net income attributable to Hyatt Hotels Corporation 196 254 Stock-based compensation expense 68 68 Income Taxes 13 20 Depreciation and amortization 386 386 Othe
Slide 10: 2023 Non-GAAP Measures Reconciliation: Adjusted SG&A Expenses
2023 NON-GAAP MEASURES RECONCILIATION OUTLOOK: SG&A EXPENSES TO ADJUSTED SG&A EXPENSES 2023E (In Millions, USD) 2023 Outlook Ranges Low Case High Case SG&A Expenses 546 556 Less: Rabbi Trust Impact (a) - - Less: Stock Based Compensation Expense (66) (66) Adjusted SG&A Expenses 480 490 (a) Impact of
Slide 11: 2025 Non-GAAP Measures Reconciliation: EBITDA to Adjusted EBITDA
2025 NON-GAAP MEASURES RECONCILIATION OUTLOOK: NET INCOME TO EBITDA AND EBITDA TO ADJUSTED EBITDA 2025E (In Millions, USD) 2025 Illustrative Outlook Ranges Low Case High Case Net income 251 419 Interest expense 130 130 Provision for income taxes 222 316 Depreciation and amortization 336 336 EBITDA 9
Slide 12: 2025 Non-GAAP Measures Reconciliation: Operating Cash Flow to Free Cash Flow
2025 NON-GAAP MEASURES RECONCILIATION OUTLOOK: NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES AND NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW 2025E (In Millions, USD) 2025 Illustrative Oultook Ranges Low Case High Case Net income attributable to Hyatt Hotels Corporation 251
Slide 13: 2023-2025 Cumulative EBITDA and Adjusted EBITDA Reconciliation
2023-2025 CUMULATIVE NON-GAAP MEASURES RECONCILIATION OUTLOOK: NET INCOME TO EBITDA AND EBITDA TO ADJUSTED EBITDA 2023-2025E Cumulative (In Millions, USD) 2023-2025 Cumulative Illustrative Outlook Ranges Low Case High Case Net income 634 990 Interest expense 402 402 Provision for income taxes 531 71
Slide 14: 2023-2025 Cumulative Operating Cash Flow to Free Cash Flow
2023-2025 CUMULATIVE NON-GAAP MEASURES RECONCILIATION OUTLOOK: NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES AND NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW 2023-2025E Cumulative (In Millions, USD) 2023-2025 Cumulative Illustrative Outlook Ranges Low Case High Case Net inco