Slide 1: Q1 2021 Revenue
Q1 2021 Revenue April 21st, 2021 A ACCOR
Slide 2: Limitations and qualifications
By reading the following presentation slides, you further agree to be bound by the following limitations and qualifications: This presentation is for information purposes only and does not constitute an offer or solicitation for the sale or purchase of any securities, any part of the business or ass
Slide 3: Q1 2021 highlights
Q1 2021 highlights Business highlights Sensitivity confirmed Strong balance sheet 1 Systemwide RevPAR 1 Liquidity at €3.6bn (64)% L/L vs. 2019 of which €1.8bn cash & 1 EBITDA sensitivity €1.8bn Revolving Credit confirmed at slightly below Facility €18m per RevPAR point 2 Net Organic System Growth +1
Slide 4: New segment reporting reflecting RESET changes
New segment reporting reflecting RESET changes 1 Europe is split between South Europe and North Europe hubs 2 ASPAC regroups Pacific, South East Asia & Greater China hubs 3 MEA now includes Turkey & India and is renamed IMEAT hub 4 NCAC & South America hubs are combined within Americas 5 Holding & I
Slide 5: Q1 21 RevPAR by geography
Q1 21 RevPAR by geography South Europe North Europe Asia Pacific -23.6% -23.3% -34.4% -49.0% -51.0% -54.8% -63.2% -58.2% -69.4% -67.8% -81.9% -77.1% -81.1% -89.5% -91.7% Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 IMEAT Americas Group -19.8% -20.5% -25.4
Slide 6: +1.4% LTM net system growth
+1.4% LTM net system growth In rooms, as of March 2021 235k Network 178k Hotels 5,163 157k Rooms 757k 93k 99k 88k 50k Pipeline 36k 15k 16k Hotels 1,204 Rooms 211k South Europe North Europe Asia-Pacific IMEAT Americas
Slide 7: Q1 21 Group revenue in line with RevPAR
Q1 21 Group revenue in line with RevPAR Q1 Q1 In € millions Reported L/L vs. 2020 L/L vs. 2019 2020 2021 HotelServices 540 234 (57)% (56)% (64)% Hotel Assets & Other 239 129 (46)% (33)% (44)% Holding & Intercos (11) (2) N/A N/A N/A Total 768 361 (53)% (48)% (57)% SLS Cancun, Mexico
Slide 8: M&F revenue evolution translates RevPAR & incentives
M&F revenue evolution translates RevPAR & incentives Q1 Q1 L/L L/L In € millions 2020 2021 change vs. 2020 change vs. 2019 South Europe 36 17 (53)% (67)% North Europe 35 10 (70)% (80)% ASPAC 27 20 (27)% (62)% IMEAT 23 11 (47)% (69)% Americas 30 15 (57)% (70)% Total 150 73 (52)% (69)% MGallery Ocean
Slide 9: Closing remarks
Closing remarks 1 Global performance as expected within Covid context 2 RESET program on plan 3 Ample liquidity preserved with disciplined cash management 4 Accelerated vaccination campaigns boost recovery dynamics Fairmont Maldives Sirru Fen Fushi
Slide 10: Appendices
Appendices Novotel Megève Mont Blanc, France
Slide 11: Q1 2021 Revenue – From Like-for-Like to Reported
Q1 2021 Revenue – From Like-for-Like to Reported Like-for-Like HotelServices: (56)% L/L vs. 2020 (1) (48)% €(371)m Hotel Assets & Other: (33)% L/L vs. 2020 Perimeter Mainly Mövenpick lease portfolio disposal (3)% €(25)m early March 2020 Slight negative currency effect Currency (1)% €(11)m • AUD: €7m
Slide 12: Previous reporting format
\1\ Previous reporting format ACCOR - QI 21 REVENUE - APRIL 21, 2021
Slide 13: RevPAR – Geographical breakdown (1/2)
RevPAR – Geographical breakdown (1/2) Q1 2021 vs. Q1 2019 OR ARR RevPAR Lux. & Upscale 14.9 -47.3 129 +0.0 19 -74.3 Midscale 19.5 -43.6 74 -15.9 14 -74.3 Economy 24.1 -39.6 52 -14.6 13 -67.3 EUROPE 21.5 -41.7 65 -17.4 14 -71.3 Lux. & Upscale 38.7 -26.0 87 -28.8 33 -56.8 Midscale 43.9 -26.4 62 -21.5
Slide 14: RevPAR – Geographical breakdown (2/2)
RevPAR – Geographical breakdown (2/2) Q1 2021 vs. Q1 2019 OR ARR RevPAR Lux. & Upscale 32.8 -35.3 119 +2.1 39 -51.2 Midscale 44.9 -24.5 53 -20.9 24 -48.0 Economy 40.5 -26.9 37 -32.1 15 -58.5 MEA 36.3 -31.7 87 -9.7 32 -52.3 Lux . & Upscale 19.5 -47.5 188 -14.8 37 -76.6 Midscale 22.0 -51.7 95 -16.9 21
Slide 15: Q1 21 Revenue
Q1 21 Revenue Q1 Q1 In € millions Reported L/L vs. 2020 L/L vs. 2019 2020 2021 Hotel Services 540 234 (57)% (56)% (64)% Hotel Assets & Other 206 111 (46)% (32)% (43)% New Businesses 32 18 (43)% (42)% (50)% Holding & Intercos (11) (2) N/A N/A N/A Total 768 361 (53)% (48)% (57)%
Slide 16: Q1 21 M&F revenue
Q1 21 M&F revenue Q1 Q1 L/L L/L In € millions 2020 2021 change vs. 2020 change vs. 2019 Europe 72 28 (60)% (73)% ASPAC 30 21 (30)% (62)% MEA 19 9 (48)% (71)% NCAC 20 13 (54)% (71)% South America 9 3 (63)% (68)% Total 150 73 (52)% (69)%
Slide 17: Portfolio as of March 31st, 2021 (1/2)
Portfolio as of March 31st, 2021 (1/2) OWNED & LEASED MANAGED FRANCHISED TOTAL # hotels # rooms # hotels # rooms # hotels # rooms # hotels # rooms Luxury & Upscale 5 2,060 117 21,644 84 15,690 206 39,394 Midscale 11 1,603 361 59,318 601 64,991 973 125,912 Economy 15 2,644 589 77,326 1,278 102,055 1,
Slide 18: Portfolio as of March 31st, 2021 (2/2)
Portfolio as of March 31st, 2021 (2/2) OWNED & LEASED MANAGED FRANCHISED TOTAL # hotels # rooms # hotels # rooms # hotels # rooms # hotels # rooms Luxury & Upscale 1 53 70 25,829 12 3,696 83 29,578 Midscale 0 0 7 2,410 7 1,401 14 3,811 Economy 0 0 20 2,649 3 410 23 3,059 NCAC 1 53 97 30,888 22 5,507
Slide 19: New reporting format
\2\ New reporting format ACCOR - QI 21 REVENUE - APRIL 21, 2021
Slide 20: Segment revenue by quarter
Segment revenue by quarter 2019 2020 In € millions Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Hotel Services 645 720 760 769 540 110 224 268 Hotel Assets & Other 296 300 315 325 239 44 99 107 Holding & Intercos (17) (19) (26) (19) (11) (5) 5 1 Total 925 1,002 1,049 1,075 768 149 329 376
Slide 21: M&F Revenue by quarter
M&F Revenue by quarter 2019 2020 In € millions Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 South Europe 51 73 74 64 36 (5) 28 21 North Europe 49 68 68 67 35 (5) 15 6 ASPAC 52 42 52 57 27 0 15 30 IMEAT 30 32 30 36 23 (2) 6 10 Americas 43 47 48 44 30 1 8 13 Total 225 261 272 268 150 (11) 72 81
Slide 22: Group revenue & EBITDA
Group revenue & EBITDA Hotel Hotel Assets Holding In € millions Total Services & Other & Intercos Revenue 1,366 597 (36) 1,926 H1 2019 EBITDA 344 96 (65) 375 Revenue 1,528 639 (44) 2,123 H2 2019 EBITDA 397 117 (64) 450 Revenue 2,894 1,236 (81) 4,049 FY 2019 EBITDA 741 214 (129) 825 Revenue 650 283 (
Slide 23: M&F revenue & EBITDA
M&F revenue & EBITDA South North In € millions ASPAC IMEAT Americas Total Europe Europe Revenue 124 117 95 62 89 486 H1 2019 EBITDA 97 89 63 46 57 353 Revenue 139 135 109 66 91 540 H2 2019 EBITDA 112 109 81 52 59 412 Revenue 262 252 204 128 181 1,026 FY 2019 EBITDA 209 198 144 98 115 765 Revenue 31
Slide 24: RevPAR
\3\ RevPAR ACCOR - QI 21 REVENUE - APRIL 21, 2021
Slide 25: RevPAR – Systemwide
RevPAR – Systemwide Q1 2021 vs. Q1 2019 OR ARR RevPAR Lux. & Upscale 29.6 -35.1 108 -21.0 32 -63.2 Midscale 29.9 -36.7 64 -20.8 19 -65.3 Economy 30.1 -35.0 41 -21.7 12 -64.2 SYSTEMWIDE 29.9 -35.5 66 -21.2 20 -64.3
Slide 26: RevPAR – Geographical breakdown (1/2)
RevPAR – Geographical breakdown (1/2) Q1 2021 vs. Q1 2019 OR ARR RevPAR Lux. & Upscale 14.7 -44.9 162 -8.2 24 -76.7 Midscale 22.3 -37.6 87 -12.3 19 -67.3 Economy 29.5 -32.7 55 -9.5 16 -56.8 SOUTH EUROPE 26.4 -34.9 67 -15.0 18 -63.2 Lux. & Upscale 11.6 -52.3 121 -4.2 14 -81.9 Midscale 16.4 -49.4 61 -
Slide 27: RevPAR – Geographical breakdown (2/2)
RevPAR – Geographical breakdown (2/2) Q1 2021 vs. Q1 2019 OR ARR RevPAR Lux. & Upscale 38.5 -26.2 88 -28.1 34 -56.6 Midscale 43.1 -28.0 63 -19.6 27 -51.7 Economy 46.9 -27.6 31 -28.4 15 -55.8 ASPAC 42.3 -27.3 61 -25.3 26 -54.8 Lux . & Upscale 31.9 -34.4 115 +1.5 37 -50.0 Midscale 46.6 -20.4 48 -22.5
Slide 28: RevPAR – France
RevPAR – France Q1 2021 vs. Q1 2019 OR ARR RevPAR Lux. & Upscale 16.3 -43.8 156 -15.0 26 -76.7 Midscale 23.7 -35.6 90 -13.8 21 -65.5 Economy 31.2 -30.2 55 -9.9 17 -54.0 FRANCE 28.2 -32.5 67 -15.9 19 -60.8
Slide 29: Portfolio
\4\ Portfolio ACCOR - QI 21 REVENUE - APRIL 21, 2021
Slide 30: Portfolio as of March 31st, 2021 (1/2)
Portfolio as of March 31st, 2021 (1/2) OWNED & LEASED MANAGED FRANCHISED TOTAL # hotels # rooms # hotels # rooms # hotels # rooms # hotels # rooms Luxury & Upscale 2 1,339 37 6,741 32 2,598 71 10,678 Midscale 6 807 169 24,860 346 33,096 521 58,763 Economy 1 98 270 32,874 1,026 75,259 1,297 108,231 S
Slide 31: Portfolio as of March 31st, 2021 (2/2)
Portfolio as of March 31st, 2021 (2/2) OWNED & LEASED MANAGED FRANCHISED TOTAL # hotels # rooms # hotels # rooms # hotels # rooms # hotels # rooms Luxury & Upscale 2 525 174 44,127 23 6,108 199 50,760 Midscale 5 796 80 15,501 23 4,434 108 20,731 Economy 10 1,681 71 13,209 14 2,098 95 16,988 IMEAT 17
Slide 32: Exchange rates
\5\ Exchange rates ACCOR - QI 21 REVENUE - APRIL 21, 2021
Slide 33: Q1 21 Exchange Rates
Q1 21 Exchange Rates Q1 2020 Q1 2021 Q1 2020 1€ = X foreign currency Average Rate Average Rate vs. Q1 2021 Australian Dollar (AUD) 1.67 1.56 6.5% Brazilian Real (BRL) 4.84 6.57 (26.4)% Canadian Dollar (CAD) 1.47 1.53 (3.8)% Egyptian Pound (EGP) 17.39 18.96 (8.3)% British Sterling (GBP) 0.86 0.88 (2.
Slide 34: Glossary
\8\ Glossary ACCOR - QI 21 REVENUE - APRIL 21, 2021
Slide 35: Glossary
Glossary Region organization • Sout Europe (including France) • North Europe (including UK and Germany) • ASPAC: Asia Pacific Region including Greater China & Australia • IMEAT: India, Middle-East, Africa & Turkey • Americas: North, Central and South America & Caribbean Like-for-like (L/L) definitio
Slide 36: ACCOR
ACCOR RAFFLES \ ORIENT EXPRESS \ FAENA \ BANYAN TREE \ DELANO \ SOFITEL LEGEND \ FAIRMONT \ SLS \ SO SOFITEL \ THE HOUSE OF ORIGINALS \ RIXOS \ ONEFINESTAY \ MANTIS \ MGALLERY \ 21C \ ART SERIES MONDRIAN \ PULLMAN \ SWISSOTEL \ ANGSANA \ 25HOURS \ HYDE \ MOVENPICK \ GRAND MERCURE \ PEPPERS THE SEBEL