Hyatt Hotels Corporation · NYSE:H
Hyatt Hotels — Q3 2022 Earnings Presentation
15 slides from Hyatt Hotels's earnings presentation, Nov 3, 2022
Slide 1: Q3 2022 Supplemental Presentation
Q3 2022 Supplemental Presentation 11/03/2022 SECRETS® PLAYA MUJERES
Slide 2: Disclaimers
DISCLAIMERS NON-GAAP FINANCIAL MEASURES This presentation includes references to certain financial measures, each identified with the symbol “†”, that are not calculated or presented in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial m
Slide 3: ALG Significantly Exceeds Expectations
ALG SIGNIFICANTLY EXCEEDS EXPECTATIONS For Three Months Ended September 30, 2022 $78M + $17M + $26M Adjusted EBITDA† Net Deferrals Net Financed Contracts THIRD QUARTER KEY HIGHLIGHTS Net Package RevPAR was up 29% to 2019 for hotels in the Americas1 Management, Franchise, and Other Fees Revenue of $4
Slide 4: ALG Contribution to Hyatt Condensed Consolidated Statement of Income (Loss)
ALG CONTRIBUTION TO HYATT CONDENSED CONSOLIDATED STATEMENT OF INCOME (LOSS) Three Months Ended September 30, 2022 USD in millions Hyatt excluding ALG ALG Combined REVENUES: Owned and leased hotels $ 293 $ 16 $ 309 Management, franchise, and other fees 184 40 224 Contra revenue (8) (1) (9) Net manage
Slide 5: ALG Contribution to Hyatt Adjusted EBITDA in Q3 2022
ALG CONTRIBUTION TO HYATT ADJUSTED EBITDA† IN Q3 2022 Three Months Ended September 30, 2022 USD in millions Hyatt excluding ALG ALG Combined Net income (loss) attributable to Hyatt Hotels Corporation $ 15 $ 13 $ 28 Interest expense 38 — 38 Provision for income taxes1 28 7 35 Depreciation and amortiz
Slide 6: ALG Performance by Quarter in 2022
ALG PERFORMANCE BY QUARTER IN 2022 Q1 Q2 Q3 Q4 Year to Date Net Package RevPAR (Americas) $ 214.32 $ 204.51 $ 179.42 $ 198.99 Net Package RevPAR (Europe) $ 71.03 $ 80.13 $ 134.66 $ 103.68 Net Package RevPAR (Total) $ 189.46 $ 162.72 $ 162.98 $ 170.00 Unlimited Vacation Club Signed Contracts 7,805 8,
Slide 7: Appendix
Appendix SECRETS® ST. MARTIN 7
Slide 8: 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 presentation. Adjusted EBITDA and EBITDA, as we define them, are non-GAAP measures. We define consolidated Adjusted EBI
Slide 9: Definitions
DEFINITIONS Adjusted Selling, General, and Administrative (SG&A) Expenses Adjusted SG&A expenses, as we define it, is a non-GAAP measure. Adjusted SG&A expenses exclude the impact of deferred compensation plans funded through rabbi trusts and stock-based compensation expense. Adjusted SG&A expenses
Slide 10: Reconciliation of Non-GAAP Financial Measure
RECONCILIATION OF NON-GAAP FINANCIAL MEASURE Hyatt Hotels Corporation Reconciliation of Non-GAAP Financial Measure: SG&A Expenses to Adjusted SG&A Expenses Results of operations as presented on the condensed consolidated statements of income (loss) include expenses recognized with respect to deferre
Slide 11: Reconciliation of Non-GAAP Financial Measure (Cont.)
RECONCILIATION OF NON-GAAP FINANCIAL MEASURE (CONT.) Hyatt Hotels Corporation Reconciliation of Non-GAAP Measure: Reconciliation of Apple Leisure Group Segment SG&A Expenses to Segment Adjusted SG&A Expenses Results of operations as presented on the condensed consolidated statements of income (loss)
Slide 12: Reconciliation of Non-GAAP Financial Measure (Cont.)
RECONCILIATION OF NON-GAAP FINANCIAL MEASURE (CONT.) Hyatt Hotels Corporation Reconciliation of Non-GAAP Measure: Reconciliation of Net Income (Loss) Attributable to Hyatt Hotels Corporation to EBITDA and EBITDA to Adjusted EBITDA (USD in millions) Q1 2022 Q2 2022 Q3 2022 FY 2022 Net income (loss) a
Slide 13: Reconciliation of Non-GAAP Financial Measure (Cont.)
RECONCILIATION OF NON-GAAP FINANCIAL MEASURE (CONT.) Hyatt Hotels Corporation Reconciliation of Non-GAAP Measure: Reconciliation of Net Income (Loss) Attributable to Apple Leisure Group Segment to Segment EBITDA and Segment EBITDA to Segment Adjusted EBITDA (USD in millions) Q1 2022 Q2 2022 Q3 2022
Slide 14: Reconciliation of Non-GAAP Financial Measure (Cont.)
RECONCILIATION OF NON-GAAP FINANCIAL MEASURE (CONT.) Hyatt Hotels Corporation Reconciliation of Non-GAAP Measure: Reconciliation of Apple Leisure Group Segment Total Revenues to Segment Adjusted Revenues (USD in millions) Q1 2022 Q2 2022 Q3 2022 FY 2022 ALG Segment Total Revenues $ 339 $ 355 $ 363 $
Slide 15: HY ALT
HY ALT