Scandic Hotels Group Ab · OMXSTO:SHOT

Scandic Hotels Group Ab — Q4 2018 Earnings Presentation

18 slides from Scandic Hotels Group Ab's earnings presentation, 2019

  1. Slide 1: Scandic Hotels Q4 2018

  2. Slide 2: Q4 - Positive demand development in all markets

    Q4 - POSITIVE DEMAND DEVELOPMENT IN ALL MARKETS Demand held up well in all markets in Q4 Sales growth: 23% Organic growth: 4.9% Like-for-like sales growth: 0.8% Adjusted EBITDA growth 45% Proposed dividend : 3.50 SEK Outlook for Q1: Like-for like sales growth of about 2% including positive calendar

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  4. Slide 4: Market analysis Sweden

    MARKET ANALYSIS SWEDEN Sweden LTM * Positive demand Sweden 04 development and limited new capacity in Q4 Occupancy Average room rate

  5. Slide 5: Market analysis Norway

    MARKET ANALYSIS NORWAY Norway LTM * — Increased capacity in Norway 04 Texte Occupancy Average room rate

  6. Slide 6: A solid pipeline with focus on key destinations

    A SOLID PIPELINE WITH FOCUS ON KEY DESTINATIONS Year Hotel Destination # Rooms % of existing portfoliovyear Q1 2019 Q1 2019 Q1 2019 Q2 2019 Q2 2019 Q3 2019 Scandic Alexandra Holiday Inn, Messukeskus Scandic Vestfjord Scandic Marski Scandic Bergen Strand ‘Scandic Falkoner, Molde, Norway Helsinki, Fin

  7. Slide 7: Financial update

  8. Slide 8: Scandic RevPAR development in Q4

    SCANDIC REVPAR DEVELOPMENT IN Q4 % change in RevPAR RevPAR LFL local currencies 2018 2018 Sweden Norway Finland Denmark Germany Total Positive like-for-like RevPAR growth in Finland and Germany Relatively stable in Sweden, Norway and Denmark

  9. Slide 9: Sales growth from new hotels and FX

    SALES GROWTH FROM NEW HOTELS AND FX Net sales FX Acquisitions Organic growth New hotels Exited hotels Like-for like 22.8% 3.1% 14.8% 4.9% 5.4% -1.3% 0.8% 14,582 23.5% 2.8% 14.7% 6.0% 6.2% -1.4% 1.2% Q4 LFL sales growth per segment: Sweden 0.4% Norway -0.2% Finland 3.7% Other Europe 1.6%

  10. Slide 10: EBITDA bridge

    EBITDA BRIDGE 11 of Restel’s fixed and guaranteed leases are treated as finance lease in the accounts EBITDA Effect of finance leases, fixed and rental charges Pre-opening costs Items affecting comparability Adjusted EBITDA Limited pre-opening costs in Q4 Items affecting comparability mainly explain

  11. Slide 11: Q4 adjusted EBITDA growth driven by Restel and Sweden

    Q4 ADJUSTED EBITDA GROWTH DRIVEN BY RESTEL AND SWEDEN Oct-Dec MSEK Adjusted EBITDA 2018 2017 Adjusted EBITDA, % 2018 2017 Sweden Norway Finland Other Europe Central costs & group adjustments Group Jan-Dec MSEK 244 206 100 113 186 92 76 65 Adjusted EBITDA 2018 2017 15.1 13.0 79 9:9 Adjusted EBITDA, %

  12. Slide 12: Underlying EPS growth

    UNDERLYING EPS GROWTH SEK * Underlying EPS improved by 7% in 2018 EPS Finance lease FX revaluation of loans Adjusted EPS Items affecting comparability Underlying EPS Restel operation

  13. Slide 13: Estimated IFRS effect on accounts for 2019

    ESTIMATED IFRS 16 EFFECT ON ACCOUNTS FOR 2019 MSEK Effect on EBITDA Depreciations Total effect of finance lease accounting on EBIT Financial expenses Total effect of finance lease accounting on EBT Tax Total effect of finance lease accounting on Profit/Loss + Estimated increase in tangible fixed ass

  14. Slide 14: Net debt/Adjusted EBITDA 2.0

    NET DEBT/ADJUSTED EBITDA 2.0 AT YEAR-END Jan-Dec 2018 Jan-Dec 2017 Adjusted EBITDA Pre-opening costs Non-recurring items Adjustments for items not included in cash flow Paid tax Changes in working capital Capex Operating cash flow before acquisitions/disposals Acquisitions/disposals Operating cash f

  15. Slide 15: Financial targets vs outcome

    FINANCIAL TARGETS VS OUTCOME Sales growth excluding FX and M&A Adjusted EBITDA margin 2015 2016 2015 2016 2017 Net debt/Adjusted EBITDA Dividend payout Dividend for 2018: Board proposal

  16. Slide 16: Jens Mathiesen new President and CEO

    JENS MATHIESEN NEW PRESIDENT AND CEO On January 17 the Board of Directors resolved to appoint Jens Mathiesen as the new President and CEO Jens Mathiesen held the position as Managing Director Scandic Denmark since 2008

  17. Slide 17: Concluding remarks

    CONCLUDING REMARKS Strengths Focus areas Market position and geographical coverage in Nordics Margins and internal efficiency Operational model Portfolio management Variable lease model and relationship with landlords Restel synergies Pipeline for 2019-2021 Leisure and non-Nordic customers Corporate

  18. Slide 18: Q&A

Scandic Hotels Group — Q4 2018 Earnings Presentation on 6ix