InterContinental Hotels Group PLC · LSE:IHG
InterContinental Hotels — H1 2006 Earnings Presentation
17 slides from InterContinental Hotels's earnings presentation, Jun 30, 2006
Slide 1: Supplementary Information
Supplementary Information 30 June 2006
Slide 2: Index
Index z RevPAR - 3 months to 30 June 2006 z RevPAR - 6 months to 30 June 2006 z Current Trading z Pipeline of Signed Deals - at 30 June 2006 z Hotel and Room Count - at 30 June 2006 z Continuing Operating Profit and Revenue by Quarter z Cashflow – 3 months to 30 June 2006
Slide 3: Explanatory Notes
Explanatory Notes • We have disclosed owned/leased and managed RevPAR on a comparable basis. • Owned and Leased comparable RevPAR reflects performance this year compared to the same period last year for owned and leased hotels that have traded in both years. This excludes new builds, brand changes,
Slide 4: RevPAR - 3 Months to 30 June 2006 Owned & Leased and Managed
RevPAR - 3 Months to 30 June 2006 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 4 83.3% 7.1% 232.61 8.9% 193.80 19.0% 22 71.4% (0.
Slide 5: RevPAR - 3 Months to 30 June 2006 Franchised and Total
RevPAR - 3 Months to 30 June 2006 Franchised and Total Constant US$ Franchised Total Occ % ADR RevPAR Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 61.8% 1.4% 118.81 12.5% 73.38 15.0% 68.9% 0.6% 154.60 8.1% 106.55 9.1% Crowne Plaza 66.8% 2.7% 107
Slide 6: RevPAR - 6 Months to 30 June 2006 Owned & Leased and Managed
RevPAR - 6 Months to 30 June 2006 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 4 77.0% 8.0% 219.76 7.7% 169.20 20.1% 22 69.2% 1.7
Slide 7: RevPAR - 6 Months to 30 June 2006 Franchised and Total
RevPAR - 6 Months to 30 June 2006 Franchised and Total Constant US$ Franchised Total Occ % ADR RevPAR Occ % ADR RevPAR 2006 Pts 2006 Growth 2006 Growth 2006 Pts 2006 Growth 2006 Growth InterContinental 64.5% 2.4% 118.19 6.3% 76.21 10.4% 68.3% 2.6% 151.79 6.9% 103.72 11.1% Crowne Plaza 64.0% 2.4% 107
Slide 8: Current Trading - RevPAR Growth
Current Trading - RevPAR Growth Constant US$ Jan Feb Mar Apr May June July Qtr1 Qtr2 First July Comparable Half Ytd US - InterContinental 11.1% 12.7% 17.7% 0.1% 9.9% 8.6% 13.1% 14.1% 6.1% 10.0% 10.5% US - Crowne Plaza 17.0% 10.9% 17.6% 10.5% 18.8% 14.7% 9.1% 15.3% 14.7% 14.9% 13.7% US - Holiday Inn
Slide 9: Current Trading - Occupancy Growth (%age points)
Current Trading - Occupancy Growth (%age points) %age Points Jan Feb Mar Apr May June July Qtr1 Qtr2 First July Comparable Half Ytd US - InterContinental 3.7% 2.7% 7.6% (3.5%) 1.0% (0.2%) 3.2% 4.7% (0.9%) 2.0% 2.2% US - Crowne Plaza 2.3% 1.1% 3.6% 0.3% 4.9% 2.6% 0.1% 2.4% 2.6% 2.5% 2.0% US - Holiday
Slide 10: Current Trading - Average Daily Rate Growth
Current Trading - Average Daily Rate Growth Constant US$ Jan Feb Mar Apr May June July Qtr1 Qtr2 First July Comparable Half Ytd US - InterContinental 4.9% 8.5% 6.5% 4.7% 8.6% 8.8% 8.2% 6.7% 7.4% 7.1% 7.3% US - Crowne Plaza 12.4% 9.0% 11.5% 10.1% 10.3% 10.5% 9.0% 11.0% 10.3% 10.6% 10.3% US - Holiday
Slide 11: Pipeline of Signed Deals - Total at 30 June 2006
Pipeline of Signed Deals - Total at 30 June 2006 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 1 424 4 2,535 2 607 7 3,566 Crowne Plaza - - 1 330 19 4,312 20 4,642 Holiday Inn - - - - 182 22,871 182 22,871 Express - - - - 441 37,707 441
Slide 12: Hotel & Room Count - Total at 30 June 2006
Hotel & Room Count - Total at 30 June 2006 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 4 1,847 22 7,884 22 6,432 48 16,163 Crowne Plaza 1 293 19 6,842 124 33,017 144 40,152 Holiday Inn 5 1,882 42 13,643 955 173,629 1,002 189,154 Expres
Slide 13: Continuing Revenue and Operating Profit Notes
Continuing Revenue and Operating Profit Notes Continuing operations are classified under IFRS at 30 June 2006. This classification can change over time. Continuing excludes all hotel assets on the market or sold by 30 June 2006.
Slide 14: 2006 Continuing Revenue & Operating Profit
2006 Continuing Revenue & Operating Profit 2006 £m Revenue Operating Profit at 30 June 2006 Q1 Q2 Half Yr Q1 Q2 Half Yr Americas O&L 31 35 66 2 7 9 Managed 20 20 40 6 9 15 Franchised 55 63 118 49 54 103 Sub-total 106 118 224 57 70 127 Regional overhead - - - -8 -8 -16 Americas 106 118 224 49 62 111
Slide 15: 2005 Continuing Revenue & Operating Profit
2005 Continuing Revenue & Operating Profit 2005 £m Revenue Operating Profit at 30 June 2006 Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 25 31 31 35 122 2 4 4 5 15 Managed 13 18 16 18 65 4 6 4 6 20 Franchised 45 54 60 54 213 39 47 55 45 186 Sub-total 83 103 107 107 400 45 57 63 56 221 Region
Slide 16: 2004 Continuing Revenue & Operating Profit
2004 Continuing Revenue & Operating Profit 2004 £m Revenue Operating Profit at 30 June 2006 Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 20 23 23 27 93 - 2 - 2 4 Managed 7 8 7 8 30 - 3 3 - 6 Franchised 43 52 55 46 196 36 45 48 38 167 Sub-total 70 83 85 81 319 36 50 51 40 177 Regional overhea
Slide 17: Cashflow - 3 months ended 30 June 2006
Cashflow - 3 months ended 30 June 2006 3 months to 30 3 months to 30 £m June 2006 June 2005 Operating Profit* 81 116 Depreciation/Amortisation 15 31 Working Capital 1 (30) Pension Obligation - 2 Other 4 4 Cash flow from operations 101 123 Split: Hotels 101 107 Soft Drinks - 16 Net Debt as at 30 June
InterContinental Hotels Group — H1 2006 Earnings Presentation on 6ix