Slide 1: Investor Presentation March 16, 2016
Exhibit 99.1 Investor16, March presentation 2016
Slide 2: Safe Harbor and Forward-looking Statements
Safe Forward-looking performance. difficult In expenses, outcome modifications arrangements; costs markets; ainterpretation markets processing, personnel, including on protect described Except Non-GAAP comparable Industry verified Trademarks 2©party; 2016 addition, financial harbor toas our Expedia,
Slide 3: Expedia, Inc. at a glance
Expedia, Largest $60B $6.6B >2X 450M+ 75+ 1.5M+ 18K+ Notes: gross 3Sources: countries faster bookings1 bookings employees revenue Expedia, lodging monthly travel Overall Inc. vs.at served company industry growing options excludes aInc. site travel globally glance results visits2 for industry HomeAwa
Slide 4: Key investment highlights
321Key 4654 investment Huge addressable Leading Strong Track highlights Operating Harnessing the brands financial record market ofworld’s significant with largest, scaleM&A proprietary performance successful diversified and on channels solid travel technological trajectory and smart platform advanta
Slide 5: Huge addressable travel market with significant headroom
Huge2% Global United growth Asia Online EMEA 19% 45% 56% 2016 11% Total $388B Expedia, 5Notes: 5% of 47% Pacific total travel opportunity Expedia’s $492B leader States travel total 1% 4% Inc. 35% travel market Latin travel 1% 5% segment Other and with $393B 25% market share Canada in America signifi
Slide 6: World's largest, diversified travel platform
World’s High The DEMAND Broad Monthly SUPPLY 450M+ 75+ Active offline 100K+ Powering 1M+ Calls Vacation 269K+ Hotels 45M Car 475+ Airlines 1.2M+ Unique 150+ Notes: 15K+ 2015. Scale Unmatched breadth choice 6Bestrental Expedia, countries in volume handled and 2Offline and of Expedia, travel corporate
Slide 7: Scale advantages: marketing efficiency and optimization
Scale advantages Efficiency Optimization Projected Hundreds Notes: 7~$2.7B1 1Direct gross spend of frontier billions selling profit in demand of&predictive marketing generation calculations spend for 2015 performed is a non-GAAP annually to measure. inform See marketing Appendix decisions for non-GA
Slide 8: Scale advantages: technology and testing velocity
Scale ~5K +- 1/3 Multi-variant Adjusted Notes: to Brand 27.5x 1,300 1,375 2010 50 100 450 8775 GAAP ofof do make 2011 advantages test ideas Expedia nothing 1Employees best technology it reconciliation. velocity 2012 worse make and tests test brightest 2013 in sites =reaching volume in innovation &20
Slide 9: Building a multiproduct platform advantage
Building Market Product Hotel Car Activities1 Cruise Coming Rail2 Indexed Year 90 100 110 120 130 140 150 160 170 180 Air True Notes: transactions, 9Sources: $600B Hotel $40B 1multiproduct $130B $400B Year 1Activities $20B 2015 opportunity unit in Product scale Car +37% +35% $80B 2volume cruise +5%
Slide 10: Accelerated integration: Travelocity case study
Accelerated Unique Travelocity Double-digit OTA-leading Leveraging Small Declining Single-digit Standalone Large Before Sources: 10 employee After acquisition Company revenues end-to-end Expedia case adjusted revenue revenue adjusted base study integration estimates global growth EBITDA growth EBITD
Slide 11: Scale advantages: lodging supply
Scale Vacation 73K Notes: Sources: 3K+ More greater Industry Illustrative lodging Accelerating New acquisition1 0% Property Conversion 2011 15K 1,508K 23K 29K Hotels 1,690K 1,000K 855K 11 Rentals 20% 16K Lodging hotel 2012 advantages selection Vacation 1Supply conversion 73K portfolio leading 40% co
Slide 12: Scaling partner and customer innovation
Scaling Real-time Encourages dialogue booked Helps stay Allows travelers bid when Partner-facing 12 Customerfacing Customer-facing towards experience more hoteliers hoteliers guests partner-facing between Feedback visibility direct a better Partner-facing improve ofthe hoteliers on-platform Expedia
Slide 13: Unmatched portfolio of travel brands
Unmatched with Notes: Appendix Core ~$14B Lodging globally, company, ~$550M Metasearch A travel, Corporate ~$5B Global marketplace, Vacation ~$500M ~$40B Multi-product Only Online in Expedia, 13 leading leader 33global OTA global countries gross in All Travel gross vacation in revenue2 revenue1 in r
Slide 14: Large, diversified traffic and channel mix
Large, Vast Direct, Gross 2015 by Indirect, 95M+ Other unique 120M+ Mature Illustrative Notes: include channel1 majority bookings 50M+ diversified 1Overall monthly branded New unbranded performance-based market of unique channel Expedia’s traffic SEM market monthly mix and channels bookings metasear
Slide 15: Air drives growth opportunities
monthly 55M 8.6B Air CAGR: 2012 Notes: 15 shoppers attach annual 2013 1Monthly 29% airrevenue2 2014 shoppers1 air drive searches1 2015 airgrowth shoppers opportunities and annualacross air searches productshown categories for 2015. 2Air attach revenue shown for Brand Expedia, excluding AirAsia joint
Slide 16: Expedia+ loyalty program
Expedia 20M 12M+ Available ~6M Nearly Notes: 16 members members All 1 loyalty inin metrics 529 65+ members countries programs countries provided redeem drive are Orbucks as repeat of 12/31/15. &within create 1competitive week of earning differentiation
Slide 17: Investments in mobile drive growth
Investments cumulative 130M+ 40% Over arrives 55% shopping 2Cross-device 17 App more >2x of average Notes: in via traffic travelers Q4usersorrepeat mobile3 more app in mobile frequently 2015. downloads1 1Cumulative user2 4Baseduse devices4 than ondrive appBrandgrowth downloads & as engagement Expedi
Slide 18: Egencia corporate travel
179the291 5,427 5,149 4,533 3,585 2,614 2011 Gross Revenue $M in Notes: Egencia Sources: Consistently Transaction 13M -1% 2% 14% 1M+ $1B+ 118 car, active 2012 in world bookings All is and 365 new Hogg hotel stats 5th 2013 corporate growth2 Carlson 400 taking sales largest and Robinson reflect and 20
Slide 19: HomeAway: leading vacation rental marketplace
HomeAway Sources: (November $100B Leading Alternative Driving 392 740 1,239 2,000 Estimated 7-9 14-16 19 6-9market volume portfolio 1$100B annual accommodation 2015 is aopportunity1 world and market vacation February leader opportunity rental listings in2016) vacation gross (thousands)2 per and book
Slide 20: HomeAway: monetization and adjusted EBITDA targets
HomeAway Notes: based calculated not Company’s GAAP. 119 97 $M 2013 350 Adjusted Traveler Launched ahead Increased & Strong into drive Opportunity introduction Take Undermonetized ~15% 3-4% 10-13% 20 Transition CAGR:41% CAGR:14% technology currently 125 sales rate1 2014 top on of HomeAway reinvestme
Slide 21: trivago: innovative hotel search leader
trivago: Proprietary 1M+ Prices Presence Notes: 21 hotels compared Stats brand in innovative 55+ asled ofcountries across 12/31/15. innovative 100% 250+ focused hotel booking search on sites the leader and best100+ approach hotel to chains TV advertising lodging search experience
Slide 22: trivago: significant growth and margin profile
trivago Significant Yearly 494 €M 99 186 311 12 2011 High-margin 2013 14% 52% Core Growth Notes: 2015 3Contribution 22 49 12 Revenue 86% Rest 2012 48% shown 12 1trivago revenue growing rate 4of 2015 2013 3revenue +20% in world core EBITDA margin US and was revenue 2014 markets2 GAAP, +130% EBITDA gr
Slide 23: Expedia, Inc. financial targets and key considerations
Expedia, 2013 (vs. Revenue (Y/Y Cost Selling Technology General administrative Adjusted Capital (% B Healthy Leverage Notes: Seattle 232018+ of 2013-2015 of –growth) revenue) 12013-2015 HQ. 20151 & expenditures2 revenue & top-line target 18.0%-21.0% Inc. EBITDA on marketing &cost target 2016 6.5%-7.
Slide 24: Seattle headquarters: key facts and benefits
Expedia, Key Financial Benefits 40 Initial Construction Brings Standard Sources: 24 acres facts build allon Images Inc. technology considerations Seattle Seattle out planned newofcourtesy area Seattle ~1.2M waterfront campus to employees begin headquarters: of sq.Bohlin building ft.inoflate onto off
Slide 25: Consistent financial execution
Consistent Room C M 150 Gross Revenue1 3.9 5.6 Adjusted CAGR: 1,165 2012 Notes: 25AGR: 4.6 120 2013 1,051 bookings nights All 25% 22% 19% 13% 103 EBITDA1 $B figures financial 2014 891 203$B 60 6.6 48 804 2015 shown 38 execution $M33 excluding eLong. 1Non-GAAP measure. See Appendix for non-GAAP to GA
Slide 26: Track record of capital allocation
$M76 663 515 594 397 209 283 130 77 Total TripAdvisor (~$500M 2011 Improving Working $1.2B 2014 Solid Strategic Significant $0.6B 2016 Continued Realization Balanced Opportunistic Share Notes: Dividends 26 5,321 Share 537 Dividends 217 108 2012 – free track financial 85 repurchases share 1Does 2013
Slide 27: Key investment highlights
321Key 654 investment 27 Huge addressable Leading Strong Track highlights Operating Harnessing the brands financial record market ofworld’s significant with largest, scaleM&A proprietary performance successful diversified and on channels solid travel technological trajectory and smart platform advan
Slide 28: Brand logos
OB HomeAway: trivago > EGENCIA + travelocity hetwire wot ‘if } xe ATIO NS CarRentals. om ies) Local Expert GheapTiekets Abritel’ —_—tastminutecomau =» S{QYZ OwnersDirect Homelidays & BedandBreakfast.com _VacationRentals.com Toprural
Slide 29: Appendix
29 Appendix
Slide 30: Non-GAAP definitions
Non-GAAP Expedia, eLong) exclude (i) settle settlement litigation The arenders internally impacts, earnings Free operating exchange discretionary Adjusted stock-based 30more amortization above Cash employee meaningful gross comparisons eLong, Adjusted capabilities Inc. in EBITDA Expenses or business
Slide 31: Non-GAAP revenue reconciliation
$Non-GAAP Core trivago Egencia HomeAway Intercompany eLong Revenue Notes: 31 Millions OTA revenue Numbers revenue revenue excluding attributable revenue 2012 revenue / GAAP eliminations 118 — 2013 may 291 216 $3,621 164 eLong ——— reconciliation: to 365 not 2014 414 Expedia, 178 sum 400 $3,912 $4,069
Slide 32: Adjusted EBITDA reconciliation
$Non-GAAP Core trivago Egencia HomeAway Unallocated eLong Adjusted Depreciation Amortization Legal Stock-based Acquisition-related Restructuring Realized Operating Gain Total Provision Income Discontinued Net Notes: 32 Millions (income) income OTA on other reserves adjusted Numbers adjusted (loss) s
Slide 33: trivago adjusted EBITDA reconciliation
Non-GAAP Millions Exchange trivago Notes: 33 Numbers revenue adjusted 2014 rate / GAAP 2015 1.33 & in EBITDA may adjusted euros USD 1.11 reconciliation: not$414 €311 sum/calculate inEBITDA euros USD $548 €494$4 €4 $3 €3due to rounding.
Slide 34: Free cash flow reconciliation
$Non-GAAP Cash Capital Free Notes: 34Millions cash provided Numbers expenditures flow 2011 / GAAP by $618 2012 may operations $1,001 reconciliation: (208) not 2013sum (236) 2014 $455 $826 due(309) 2015 $to $1,039 1,237 rounding TOTAL (328) $581 $763 (787) and $3,694 $1,367 include (1,868) $1,368 eLo
Slide 35: Adjusted selling and marketing expense reconciliation
$Non-GAAP Direct Indirect Total Stock-based Depreciation eLong Selling Notes: 35Millions adjusted selling 54 Numbers &selling marketing 2015 /compensation 12 GAAP & selling &marketing may marketing expense reconciliation: not & marketing sum 33 expense expense attributable due to expense $2,676 roun
Slide 36: Adjusted technology and content expense reconciliation
Non-GAAP $Adjusted Total Stock-based Depreciation eLong Technology Notes: 36Millions adjusted 10 Numbers technology 2015 & /compensation 265 GAAP technology content mayreconciliation: ¬ expense content sum &27content due attributable expense to expense rounding. to$528 Expedia, Inc. $830