International Workplace Group Plc · LSE:IWG
International Workplace — IWG — Investor Day (December 2025)
16 slides from International Workplace's investor day presentation, Dec 4, 2025
Slide 1: IWG Investor Day
IWG Investor Day 4 December 2025 th New York City
Slide 2: Caution statement
Caution statement Investor Day - December 2025 2 No representations or warranties, express or implied are given in, or in respect of, this presentation or any further information supplied. In no circumstances, to the fullest extent permitted This presentation may contain forward-looking The Company
Slide 3: Agenda
Agenda Investor Day - December 2025 3 . Mark Thomas Andre Fatima Jeff Charlie Dixon Sinclair Sharpe Koning Doughman Steel Founder & Chief Chief Development Chief Chief Commercial Chief Executive Chief Financial Executive Officer Officer Innovation Officer Officer Officer, North Officer America
Slide 4: Mark Dixon
Mark Dixon Founder & Chief Executive Officer
Slide 5: Continued delivery from the market leader
Continued delivery from the market leader Investor Day - December 2025 5 The biggest and most extensive Over 1 million network and rooms open coverage in the market Over 228,000 4,434 open rooms in the centres across pipeline1 121 countries1 1 As at 30 September 2025
Slide 6: Substantial and capital-light portfolio
Substantial and capital-light Investor Day - December 2025 66 portfolio Significant coverage and network growth in line with strategy 33% Locations 50% Managed & including 20% Franchised pipeline Locations 5786 3989 50% 3514 80% 3345 72% 81% 86% 50% 1 28% 14% 19% FY 2022 FY 2023 FY 2024 Today's Foot
Slide 7: Extensive portfolio reach
Extensive portfolio reach Investor Day - December 2025 7 To best segment and cover the market IWG’s breadth of brand portfolio maximises the attractiveness to all end customers by seeking to capture all relevant price-points and end markets
Slide 8: Undisputed winner in the flexible workspace
Undisputed winner in the Investor Day - December 2025 flexible workspace Numbers of centres under management • IWG has strongly accelerated the number of buildings under management since starting to scale Managed & Franchise IWG’s Managed & Franchised • Competitors have lost their 2019 momentum and
Slide 9: A changing business
A changing business Investor Day - December 2025 9 IWG will look more like the hotel groups 2025 % 2025 FCF from EV/EBITDA Revenues M&F Adj EBITDA FY265 Franchising model revolutionised the hotel industry ~80% 1 56% 19x • enabled faster scaling • substantial incremental free cash flow generation ~94
Slide 10: …and better
…and better Investor Day - December 2025 10 Bigger than Longer term Supportive the next 10 in contracted Unique megatrends the market revenue combined
Slide 11: But trades at a significant discount
But trades at a significant discount Investor Day - December 2025 7 25x 20x EV/EBITDA FY26 15x 10x 5x 0x 30% 35% 40% 45% 50% 55% 60% 65% 2025 FCF from Adj EBITDA NB: Bubble size indicates % 2025 Revenues M&F Source – Company filings and reports. Revenues including management, royalty and intellectua
Slide 12: Customer revenue drivers
Customer revenue drivers Investor Day - December 2025 12 Customer pyramid 85% Enterprise Fortune 5001 Smart Increasing speed and reliability growth of new market entry 30% of corporate portfolios will 500,000 SMEs businesses Flexibility comprise flexible workspace by 20302 83% of CEOs already enable
Slide 13: Supportive mega-trends
Supportive mega-trends Investor Day - December 2025 13 Capex to opex Lower costs and higher productivity Platform working Flexibility Real estate valuations moving toward cashflow vs NAV Technology
Slide 14: An accelerating flywheel
An accelerating flywheel Investor Day - December 2025 14 Platform network and coverage Bigger platform • Every new location strengthens & coverage customer reach and partner attraction More • Network effects reinforce scale Customer effective advantages and improve profitability marketing benefits S
Slide 15: Why partners choose us
Why partners choose us Investor Day - December 2025 15 Scale and track-record Revenue Operations Net returns Sales and marketing Supply chain and logistics Increased revenue Customer network Economies of scale Lower costs Real estate valuations Platform Operating platform moving from FCF to NAV Supp
Slide 16: Conclusion
Conclusion Investor Day - December 2025 16 • IWG has continued to deliver on its strategy • Strategic pace set to increase • Focus on cash generation • Sensible investment • D&PS integration • No change to core strategy • Confident on outlook