Choice Hotels International, Inc. · NYSE:CHH
Choice Hotels International — Q1 2022 Earnings Presentation
17 slides from Choice Hotels International's earnings presentation, May 10, 2022
Slide 1: Q1 2022 Earnings Results Presentation
Cambria Hotels, Calabasas, CA Q1 2022 Earnings Results Presentation May 10, 2022 1
Slide 2: Forward-looking Statements
Forward-looking Statements Certain matters discussed in this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-l
Slide 3: Table of Contents
Table of Contents 1 Quarterly Business Update 2 Financial Summary and Highlights 3 Environmental, Social and Governance 4 Appendix Cambria Ascend HotelHotel, Phoenix Collection, Hotel Petaluma, CA
Slide 4: Quarterly Business Update
Quarterly Business 1 Update Comfort Inn & Suites, Boise, ID
Slide 5: First Quarter 2022 Performance Recap
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX First Quarter 2022 Performance Recap Domestic Results RevPAR Growth Effective Royalty Rate 5.05% +10.4% FY ’22 outlook: Outperformed industry by +3 bps vs. Q1 ‘21 +5 bps vs. FY ‘21 +13 percentage points vs. Q1 ’19 Exceeded 2019 levels for A
Slide 6: Midscale
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Comfort Inn & Suites, CrossPlex Village, AL Comfort Inn & Suites, Hurricane, UT Clarion Pointe, South Boston, VA Midscale • Surpassed 2019 RevPAR levels since June 2021 and achieved 7.5% RevPAR growth1 • 45% YoY increase in the number of do
Slide 7: Extended Stay
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Everhome Suites Prototype Exterior Rendering WoodSpring Suites Entrance Everhome Model Room Extended Stay • Surpassed 2019 RevPAR levels since April 2021 and achieved over 19% RevPAR growth1 Extended WoodSpring Suites • Over 27% RevPAR grow
Slide 8: Upscale
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Cambria Hotels, Milwaukee, WI Ascend Hotel Collection, Hotel Petaluma, CA Cambria Hotels, Boston, MA Cambria • 58 units open and 68 in domestic pipeline, including 19 projects under active construction Upscale • 920 basis points of RevPAR i
Slide 9: Financial Summary and Highlights
Financial Summary and 2 Highlights Cambria Hotels, Napa, CA 9
Slide 10: Financial Performance Overview
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Financial Performance Overview Revenue & Profitability Balance Sheet & Liquidity $257.7M $96.6M >$1.1B $63.9M Total Revenues Adj. EBITDA Available liquidity Cash from operations +$63.8M vs. Q1 ‘21 +41% +53% +28% vs. Q1 ‘21 vs. Q1 ‘21 vs. Q1
Slide 11: Environmental, Social, and Governance
Environmental, 3 Social, and Governance Choice Hotels African American resource group (CHAARGE) meeting
Slide 12: Choice has a long-standing commitment to ESG initiatives within and outside the company
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Choice has a long-standing commitment to ESG initiatives within and outside the company Environmental Social Governance • Rolled out “Commitment to Green” program • Nearly 70% minority owned franchises • Created new dedicated strategic posi
Slide 13: Appendix
4 Appendix Cambria Hotels, DC Riverfront, DC 13
Slide 14: Non-GAAP Financial Measurements
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Non-GAAP Financial Measurements The company evaluates its operations utilizing the performance metrics of adjusted EBITDA, adjusted EBITDA margins, adjusted selling, general and administrative (SG&A) expenses, revenues excluding marketing a
Slide 15: Reconciliation of Non-GAAP Measures
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Reconciliation of Non-GAAP Measures ADJUSTED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION ("EBITDA") ($thousands) Q1 2022* Q1 2021* Q1 2019* Net income $ 67,389 $ 22,336 $ 30,081 Income tax expense 20,344 6,373 6,398 Inter
Slide 16: Reconciliation of Non-GAAP Measures
QUARTERLY BUSINESS UPDATE FINANCIAL HIGHLIGHTS ESG APPENDIX Reconciliation of Non-GAAP Measures ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE (EPS) ($thousands) Q1 2022* Q1 2021* Net income $ 67,391 $ 22,337 Adjustments: Loss on impairment of affiliate - 3,719 Gain on sale of assets (2
Slide 17: Cambria Hotels photo slide
Cambria Hotels, Philadelphia, PA Cambria Hotels, Calabasas, CA Cambria Hotels, Chicago Theater District, IL Cambria Hotels, Downtown Phoenix, AZ 17
Choice Hotels International — Q1 2022 Earnings Presentation on 6ix