Booking Holdings Inc. Common Stock · NASDAQ:BKNG
Booking Holdings Inc. Common Stock — priceline.com — Bank of America 38th Annual Investment Conference 2008
13 slides from Booking Holdings Inc. Common Stock's conference presentation, Sep 16, 2008
Slide 1: Bank of America 38th Annual Investment Conference
Bank of America 38TH Annual Investment Conference 16 September 2008
Slide 2: Disclosure Regarding Forward-Looking Statements
Disclosure Regarding Forward-Looking Statements • This presentation contains forward looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual results
Slide 3: Priceline.com brands: Europe, North America and Asia
A leading European on-line hotel reservation service for leisure and unmanaged business travel A leading on-line travel business for value-conscious leisure travelers in North America A growing Asian hotel service
Slide 4: Booking.com Highlights
Booking.com Highlights • Over 52,000 hotels in over 65 countries • Content and customer service available in 18 languages • Customer and supplier friendly model • International Platform
Slide 5: Priceline.com Highlights
Priceline.com Highlights • Differentiated opaque services appeal to deal-driven travelers • Eliminated fee on retail airline tickets in 2007; Reduced fee on retail hotel rooms in 2008 • Bookings growth from conversion and brand advertising • Earnings growth from merchant volume and marketing efficie
Slide 6: Long-term Growth Drivers
Long-term Growth Drivers • International – Expanding inventory and content • 52,000 hotels up 49% yr/yr – Penetration of new markets: North America, Eastern Europe and Asia – Secular growth in Internet penetration in travel • Domestic – Opaque business provides differentiated service for suppliers a
Slide 7: Consolidated Gross Bookings
Consolidated Gross Bookings* ($ in thousands) *Gross bookings is an operating and statistical metric that captures the total dollar value inclusive of taxes and fees of all travel services booked by customers
Slide 8: Consolidated Pro-Forma Gross Profit
Consolidated Pro-Forma Gross Profit* ($ in thousands) *Pro Forma Gross Profit is a “non-GAAP financial measure,” as such term is defined by the SEC, and may differ from non-GAAP financial measures used by other companies. See Appendix A for more information.
Slide 9: Pro-Forma Net Income Per Share
Pro-Forma Net Income Per Share* 5 Year CAGR: 76% (Up 49% yr/yr) *Pro Forma Net Income per Share is a “non-GAAP financial measure,” as such term is defined by the SEC, and may differ from non-GAAP financial measures used by other companies. See Appendix A for more information.
Slide 10: Global Scale in Online Hotel Sales
Global Scale in Online Hotel Sales • 20.3 million global online room night sales in 1H; number two worldwide • Number one in Europe online hotel sales • Fast growing U.S. business with strong brand • Strong relationships with international chains and independent hotels creates inventory opportunitie
Slide 11: Macroeconomic Variables
Macroeconomic Variables • Recessionary conditions a concern for the broad travel industry – Impact on demand and hotel average daily rates (“ADRs”) – Impact of high oil prices on the financial health of the airline industry – Impact of weaker Euro on translation of international gross bookings and e
Slide 12: Appendix A Information about Non-GAAP Financial Measures
Appendix A Information about Non-GAAP Financial Measures • Pro forma gross profit and Pro Forma net income per share which are referred to in this presentation are "non-GAAP financial measures," as such term is defined by the Securities and Exchange Commission, and may differ from non-GAAP financial
Slide 13: Bank of America 38th Annual Investment Conference
Bank of America 38TH Annual Investment Conference 16 September 2008
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