Slide 1: Investor Presentation June 2012
Exhibit 99.1 INVESTOR PRESENTATION June 2012
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements. Thispresentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance. These forward-looking statements are based on management’s expectation
Slide 3: Investment Highlights
Investment Highlights Global Leader in ~$1 Trillion Market with Strong Offline-to-Online Trends Significant Growth Opportunities Across Geographies Rapid Expansion in Highly Fragmented Hotel Industry Technology Platform Investment and A Growth Innovation Driving Higher Conversion Company Success in
Slide 4: The Largest Travel Company in the World
The Largest Travel Company in the World Massive Unmatched Depth and Volume and Breadth of Diversity of Global Travel SUPPLY Diverse Demand: DEMAND Geography AND Travel Type Mutually ~150,000 Hotels in Beneficial Value to 60 Million 1 200+ Countries Supply Travelers Unique Visitors Agreements Travele
Slide 5: Established Brands with Global Reach
Established Brands with Global Reach Trusted Brands #1 A Leading Hotel “Expedia Inside” A Leader in Global Online Travel Agency Specialist Globally Private Label Solutions Corporate Travel 30 Sites in 76 Sites in 10,000 Affiliates in Presence in 30 Countries 67 Countries 33 Countries 50+ Countries B
Slide 6: Business Mix Transformation Positions Us for Growth
Business Mix Transformation Positions Us for Growth Revenue Revenue 5 Years Ago TTM 3/31/12 GEOGRAPHY International International 24% 42% Domestic Domestic PRODUCT Other Other Hotels Hotels Air 63% Air 73% 22% 10% Note: 5 Years Ago = 2005 Revenues 6
Slide 7: Expedia Well-Positioned to Capture Significant Global Growth Opportunity
Expedia Well-Positioned to Capture Significant Global Growth Opportunity UNITED EUROPE ASIA LATIN STATES PACIFIC AMERICA Expedia Share: Expedia Expedia Expedia Expedia 11% 5% 4% 2% ONLINE TRAVEL Other Other Other Other SEGMENT % of Total Travel Market 58% 42% 24% 21% Expedia Expedia Expedia Expedia
Slide 8: Rapidly Expanding in Fragmented Hotel Market
Rapidly Expanding in Fragmented Hotel Market … And Significant Room for Expedia ® Has Scale in Hotels … Additional Growth 3 $3.5B Number of ofHotels Hotels3 TTM 1Q 2012 570,000 Revenues Other¹ 235,000 Air ~150k Hotels in Hotels 200+ Countries Global Team Single Largest 150,000 Working to Sign 73% Up
Slide 9: Technology Investment Positions Us for Growth
Technology Investment Positions Us for Growth 10,000 Affiliates CUSTOMIZEDFront-End Technology for Rapid Innovation and Powerful Analytics … Improving Conversion UNIFIEDCustomer Operations Technology UNIFIEDTransactional Infrastructure: Financials / Order Management / Inventory Management 9
Slide 10: Industry Leading Mobile, Social and Deal Initiatives Drive Traffic and Revenue
Industry Leading Mobile, Social and Deal Initiatives Drive Traffic and Revenue The World Is Opening Up Significant … Expedia Changing … Opportunity in Travel Leads the Way 50-70% in App Development of Mobile Bookings Leading Travel Completed within App Developer One Day in App Success of Travel / St
Slide 11: Expedia's Significant Competitive Moats
Expedia’s Significant Competitive Moats TECHNOLOGY PLATFORM Investment in Technology to Drive Conversion and Bookings SUPPLY Global Travel Supply Footprint and Deeper Supplier Relationships Leisure Corporate DIVERSE DEMAND Call Centers Multiple Sources Traditional Travel Agency Online SCALE and BREA
Slide 12: Key Financial Highlights
Key Financial Highlights Large User Base With Multiple Growth Vectors High Quality Diversified Revenue Streams Consistent, Robust Cash Flow Generation and Strong EPS Growth Strong Balance Sheet Allows Ample Value-Add Opportunities Investing Now to Support Future Growth 12
Slide 13: Improving Financial Results
Improving Financial Results GROSS BOOKINGS REVENUE $ Billions $ Billions ’07-’10 CAGR : 6.1% World’s Largest Travel Company TTM 1Q12 Y-o-Y Growth: 13.6% $3.4 $3.5 $29 $30 $3.0 $26 $2.7 $2.7 $2.5 $21 $22 $20 2007 2008 2009 2010 2011 TTM 1Q12 2007 2008 2009 2010 2011 TTM 1Q12 1 2,3 ADJUSTED EBITDA ADJ
Slide 14: The Three Stages of Expedia Growth
The Three Stages of Expedia Growth STAGE 1 STAGE 2 STAGE 3 2010 2011 -2012 2013 Modest: Revenue Growth 1 Accelerating Continuing 6.1% Growth Line Item Trajectory (% of Revenues) Flat as Declining as Cost of Revenue 22.5% % of Revenue % of Revenue Flat to Slightly Increasing as Selling and Marketing
Slide 15: Summary
Summary Global Leader in ~$1 Trillion Market with Strong Offline-to-Online Trends Significant Growth Opportunities Across Geographies Rapid Expansion in Highly Fragmented Hotel Industry Technology Platform Investment and A Growth Innovation Driving Higher Conversion Company Success in New Distributi
Slide 16: Appendices
expedia inc APPENDICES
Slide 17: Definitions
Definitions Adjusted EBITDAis defined as operating income plus: (1) stock-based compensation expense, including compensation expense related to certain subsidiary equity plans; (2) acquisition-related impacts, including (i) amortization of intangible assets and goodwill and intangible asset impairme
Slide 18: Non-GAAP / GAAP Reconciliation Appendix A: Adjusted EBITDA
Non-GAAP / GAAP Reconciliation Appendix A: Adjusted EBITDA TTM $ Millions 2007 2008 2009 2010 2011 3/31/2012 Adjusted EBITDA $624 $621 $662 $700 $711 $731 Depreciation (57) (72) (93) (106) (133) (138) Amortization of Intangible Assets (68) (58) (24) (23) (22) (20) - - - Impairment of Goodwill (2,480
Slide 19: Non-GAAP / GAAP Reconciliation Appendix B: Adjusted EPS Reconciliation
Non-GAAP / GAAP Reconciliation Appendix B: Adjusted EPS Reconciliation TTM $ Thousands 2007 2008 2009 2010 2011 3/31/2012 Net Income / (Loss) attributable to Expedia, Inc. $295,864 $(2,517,763) $299,526 $421,500 $472,294 $416,974 Discontinued operations, net of taxes (54,502) 177,366 (85,561) (119,8
Slide 20: Non-GAAP / GAAP Reconciliation Appendix C: Non-GAAP Expense Items
Non-GAAP / GAAP Reconciliation Appendix C: Non-GAAP Expense Items Non-GAAP Cost of Revenue, Selling and Marketing, Technology and Content and General and Administrative Expenses Excluding Stock-Based Compensation $ Thousands 2010 Cost of Revenue $685 Stock-Based Compensation (2) Cost of Revenue (exc