Accor Sa · EURONEXT:AC

Accor Sa — Q1 2014 Earnings Presentation

15 slides from Accor Sa's earnings presentation, Apr 17, 2014

  1. Slide 1: Conference call Q1 2014 Revenue

    Conference call Q1 2014 Revenue April 17, 2014 1 Accor Q1 2014 Revenue – April 17, 2014

  2. Slide 2: HotelInvest & HotelServices – March 31, 2014

    HotelInvest & HotelServices – March 31, 2014 HotelServices HotelInvest  Hotel operator  Hotel owner & Brand franchisor & investor Strategy  Guest & partner oriented  Asset portfolio oriented  Fee-oriented  Yield-oriented Key  3,602 hotels(1)  42% of fees generated by Management  1,371 hotel

  3. Slide 3: Q1 2014 Revenue – Key takeaways

    Q1 2014 Revenue – Key takeaways Accor Q1 2014 Revenue(1) up 2.1% L/L at €1,135m(2) HotelServices: 4.7% increase in L/L Revenue at €262m  Gross revenue up 3.5% excluding currency effect at €2.5bn HotelInvest: 1.2% increase in L/L Revenue at €992m  €109m of fees paid to HotelServices Expansion: 4,44

  4. Slide 4: Q1 2014 Revenue: €1,135m, up 2.1% L/L

    Q1 2014 Revenue: €1,135m, up 2.1% L/L Like-for-Like Like-for-like growth +2.1% €25.7m > HotelServices: +4.7% > HotelInvest: +1.2% Expansion Impact of expansion +0.6% €7.5m > Openings: 4,449 new rooms (32 hotels)  788 rooms in Franchise (18% of openings)  2,972 rooms in Management (67% of openings)

  5. Slide 5: HotelInvest – Q1 2014 Revenue: €992m, up 1.2% L/L

    HotelInvest – Q1 2014 Revenue: €992m, up 1.2% L/L Q1 2014 Revenue by region Q1 2014 L/L Revenue Revenue growth (in € million) Breakdown of revenues by segment France 330 -3.9% Luxury & Upscale NCEE 433 +4.0% 14% Economy MMEA 81 +4.5% 40% Midscale Asia Pacific 61 +0.8% 46% Americas 87 +5.7% HotelInve

  6. Slide 6: HotelInvest – Q1 2014 Revenue: €992m, up 1.2% L/L

    HotelInvest – Q1 2014 Revenue: €992m, up 1.2% L/L L/L Q1 2014 Revenue growth Luxury & Midscale Economy Total Upscale France -3.1% -4.9% -2.6% -3.9% NCEE +5.8% +3.0% +5.3% +4.0% MMEA -0.1% +2.9% +7.6% +4.5% Asia Pacific +0.6% +3.4% -2.3% +0.8% Americas +11.9% +6.7% +3.4% +5.7% Total +3.0% +0.4% +2.0%

  7. Slide 7: HotelServices – Q1 2014 Revenue: €262m, up 4.7% L/L

    HotelServices – Q1 2014 Revenue: €262m, up 4.7% L/L Q1 2014 Revenue by region Q1 2014 L/L Revenue Revenue growth (in € million) Breakdown of revenues France 67 -3.7% by segment Luxury NCEE 61 +6.8% & Upscale 23% MMEA 27 +7.5% Economy 34% Asia Pacific 74 +8.1% Midscale Americas 23 +11.6% 43% Worldwid

  8. Slide 8: Expansion in Q1 2014: 4,449 rooms (32 hotels) opened

    Expansion in Q1 2014: 4,449 rooms (32 hotels) opened Room openings – Q1 2014 by region Room openings – Q1 2014 by operating mode Owned NCEE 4% France 8% 39% Leased Asia 11% Americas 11% Pacific Franchise 27% 18% 15% MMEA 85% asset-light Management 67% 4,449 rooms at quarter-end, of which 85% under m

  9. Slide 9: Conclusion

    Conclusion 9 Accor Q1 2014 Revenue – April 17, 2014

  10. Slide 10: Conclusion

    Conclusion Good revenue in Q1 with solid business trends France penalized by a tough environment Continued improvement in Northern, Central & Eastern Europe, lifted by very strong business levels in the UK Confirmed signs of recovery in Southern Europe Globally sound trends in Emerging markets Solid

  11. Slide 11: Appendices

    Appendices 11 Accor Q1 2014 Revenue – April 17, 2014

  12. Slide 12: Q1 2014 RevPAR

    Q1 2014 RevPAR Managed HotelInvest (Owned & Leased) Total OR ARR RevPAR OR ARR RevPAR OR ARR RevPAR Q1 2014 chg chg chg chg chg % chg chg chg chg % pts € € % pts € € % pts € € % L/L L/L %L/L % L/L % L/L % L/L L/L L/L L/L Luxury & 57.1 +3.7 223 +1.3 127 +8.6 53.2 +1.2 146 -2.4 77 -0.3 54.4 +1.9 171 -

  13. Slide 13: Q1 2014 RevPAR

    Q1 2014 RevPAR Managed HotelInvest (Owned & Leased) Total OR ARR RevPAR OR ARR RevPAR OR ARR RevPAR Q1 2014 % pts € % € % % pts € % € % % pts € % € % Luxury & 62.1 +2.5 96 +1.7 59 +5.9 64.9 -0.3 161 +7.5 105 +6.7 62.2 +2.5 96 +1.6 60 +5.7 Upscale Midscale 71.6 +1.3 73 +2.7 52 +4.5 79.0 +2.1 110 +0.7

  14. Slide 14: Q1 2014 Exchange Rates

    Q1 2014 Exchange Rates Q1 2013 Q1 2014 2014 vs. 2013 1€ = X foreign currency average rate average rate Change Brazilian real (BRL) 2.63 3.24 -22.9% Australian dollar (AUD) 1.27 1.53 -20.1% Sterling (GBP) 0.85 0.83 +2.8% Argentine Peso (ARS) 6.62 10.46 -58.1% Swiss Franc (CHF) 1.23 1.22 +0.4% 14 Acco

  15. Slide 15: Q1 2013 Proforma Revenue - Impact IFRS 11

    Q1 2013 Proforma Revenue - Impact IFRS 11 Q1 2013 Q1 2013 In € million Reported Proforma Upscale & Midscale 768 716 Economy 425 423 Hotels 1,193 1,184 (1) Other activities 34 17 Total Group 1,227 1,201 (1) Of which “other brands” for €45m 15 Accor Q1 2014 Revenue – April 17, 2014

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