InterContinental Hotels Group PLC · LSE:IHG
InterContinental Hotels — Q3 2006 Earnings Presentation
17 slides from InterContinental Hotels's earnings presentation, Sep 30, 2006
Slide 1: Supplementary Information
Supplementary Information 30 September 2006
Slide 2: Index
Index z RevPAR - 3 months to 30 September 2006 z RevPAR – 9 months to 30 September 2006 z Current Trading z Pipeline of Signed Deals - at 30 September 2006 z Hotel and Room Count - at 30 September 2006 z Continuing Operating Profit and Revenue by Quarter z Cashflow – 3 months to 30 September 2006
Slide 3: Explanatory Notes
Explanatory Notes • We have disclosed owned/leased and managed RevPAR on a comparable basis. • Owned and Leased comparable RevPAR reflects performance this year compared to the same period last year for owned and leased hotels that have traded in both years. This excludes new builds, brand changes,
Slide 4: RevPAR - 3 Months to 30 September 2006: Owned & Leased and Managed
RevPAR - 3 Months to 30 September 2006 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 4 83.8% 3.0% 211.69 1.0% 177.34 4.7% 22 68.2%
Slide 5: RevPAR - 3 Months to 30 September 2006: Franchised and Total
RevPAR - 3 Months to 30 September 2006 Franchised and Total Constant US$ Franchised Total Occ % ADR RevPAR Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 60.6% 3.2% 112.88 9.9% 68.39 16.0% 67.0% 1.8% 145.86 6.4% 97.79 9.4% Crowne Plaza 64.6% 0.1%
Slide 6: RevPAR - 9 Months to 30 September 2006: Owned & Leased and Managed
RevPAR - 9 Months to 30 September 2006 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 4 79.3% 6.3% 216.88 5.2% 171.94 14.3% 22 68.8
Slide 7: RevPAR - 9 Months to 30 September 2006: Franchised and Total
RevPAR - 9 Months to 30 September 2006 Franchised and Total Constant US$ Franchised Total Occ % ADR RevPAR Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 62.9% 2.8% 116.32 8.1% 73.21 13.3% 67.8% 2.4% 149.74 7.1% 101.56 11.1% Crowne Plaza 64.3% 1.7
Slide 8: Current Trading - RevPAR Growth
Current Trading - RevPAR Growth Constant US$ July Aug Sept Qtr3 Qtr3 Oct Oct Ytd Ytd US - InterContinental 13.1% 7.8% 8.8% 9.9% 10.0% 15.5% 10.6% US - Crowne Plaza 9.2% 11.2% 4.2% 8.1% 12.3% 8.5% 11.6% US - Holiday Inn 5.0% 6.7% 4.4% 5.3% 8.1% 4.9% 7.7% US - Express 7.8% 9.4% 10.1% 9.0% 10.9% 10.7%
Slide 9: Current Trading - Occupancy Growth (%age points)
Current Trading - Occupancy Growth (%age points) %age Points July Aug Sept Qtr3 Qtr3 Oct Oct Ytd Ytd US - InterContinental 3.2% 0.8% 6.2% 3.4% 2.5% 8.2% 3.1% US - Crowne Plaza 0.1% 1.7% (1.7%) 0.1% 1.6% 0.2% 1.3% US - Holiday Inn (0.8%) 0.1% (1.3%) (0.6%) 0.8% (1.0%) 0.6% US - Express 0.1% 0.7% 0.5%
Slide 10: Current Trading - Average Daily Rate Growth
Current Trading - Average Daily Rate Growth Constant US$ July Aug Sept Qtr3 Qtr3 Oct Oct Ytd Ytd US - InterContinental 8.2% 6.5% 0.1% 4.9% 6.4% 3.7% 6.1% US - Crowne Plaza 9.1% 8.3% 6.9% 8.0% 9.7% 8.2% 9.5% US - Holiday Inn 6.1% 6.5% 6.4% 6.3% 6.7% 6.5% 6.7% US - Express 7.8% 8.3% 9.4% 8.4% 8.1% 9.3
Slide 11: Pipeline of Signed Deals - Total at 30 September 2006
Pipeline of Signed Deals - Total at 30 September 2006 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 1 424 4 2,320 1 322 6 3,066 Crowne Plaza - - 2 710 22 5,393 24 6,103 Holiday Inn - - - - 203 25,354 203 25,354 Express - - - - 478 41,501
Slide 12: Hotel & Room Count - Total at 30 September 2006
Hotel & Room Count - Total at 30 September 2006 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 4 1,847 22 7,884 22 6,432 48 16,163 Crowne Plaza 1 293 18 6,462 130 34,203 149 40,958 Holiday Inn 5 1,882 39 12,851 947 172,769 991 187,502 Exp
Slide 13: Continuing Revenue and Operating Profit
Continuing Revenue and Operating Profit Notes Continuing operations are classified under IFRS at 30 September 2006. This classification can change over time. Continuing excludes all hotel assets on the market or sold by 30 September 2006.
Slide 14: 2006 Continuing Revenue & Operating Profit
2006 Continuing Revenue & Operating Profit 2006 £m Revenue Operating Profit at 30 Sept 2006 Q1 Q2 Q3 Q3 Ytd Q1 Q2 Q3 Q3 Ytd Americas O&L 27 30 26 83 2 6 2 10 Managed 20 20 18 58 6 9 7 22 Franchised 55 63 66 184 49 54 57 160 Sub-total 102 113 110 325 57 69 66 192 Regional overhead - - - (8) (8) (8) (
Slide 15: 2005 Continuing Revenue & Operating Profit
2005 Continuing Revenue & Operating Profit 2005 £m Revenue Operating Profit at 30 Sept 2006 Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 23 27 26 30 106 2 5 2 5 14 Managed 13 18 16 18 65 4 6 4 6 20 Franchised 45 54 60 54 213 39 47 55 45 186 Sub-total 81 99 102 102 384 45 58 61 56 220 Regiona
Slide 16: 2004 Continuing Revenue & Operating Profit
2004 Continuing Revenue & Operating Profit 2004 £m Revenue Operating Profit at 30 Sept 2006 Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 18 20 19 23 80 - 2 (1) 2 3 Managed 7 8 7 8 30 - 3 3 - 6 Franchised 43 52 55 46 196 36 45 48 38 167 Sub-total 68 80 81 77 306 36 50 50 40 176 Regional overh
Slide 17: Cashflow - 3 months ended 30 September 2006
Cashflow - 3 months ended 30 September 2006 3 months to 3 months to £m 30 September 2006 30 September 2005 Operating Profit* 62 87 Depreciation/Amortisation 14 32 Working Capital 10 39 Pensions Obligation - 1 Other 4 4 Cash flow from operations 90 163 Split: Hotels 90 84 Soft Drinks - 79 Net Debt as
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