InterContinental Hotels Group PLC · LSE:IHG

InterContinental Hotels — H1 2007 Earnings Presentation

21 slides from InterContinental Hotels's earnings presentation, August 2007

  1. Slide 1: Supplementary Information

    Supplementary Information 30 June 2007

  2. Slide 2: Index

    Index RevPAR – 3 months to 30 June 2007 RevPAR – 6 months to 30 June 2007 RevPAR, Occupancy & ADR – 2007 Current Trading Hotel & Room Count – at 30 June 2007 Pipeline of Signed Deals – at 30 June 2007 Room Count & Pipeline Growth Drivers Continuing Revenue & Operating Profit – 2005, 2006 & 2007 by Q

  3. Slide 3: Explanatory Notes

    Explanatory Notes We have disclosed owned, leased, managed and franchised RevPAR, occupancy and ADR on a comparable basis. Owned and leased comparable RevPAR, occupancy and ADR reflects performance this year compared to the same period last year for owned and leased hotels that have traded in both y

  4. Slide 4: Comparable RevPAR - 3 Months to 30 June 2007 Owned & Leased and Managed

    Comparable RevPAR - 3 Months to 30 June 2007 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 4 82.5% (0.8%) 245.96 5.1% 202.99 4.1%

  5. Slide 5: Comparable RevPAR - 3 Months to 30 June 2007 Franchised and Total

    Comparable RevPAR - 3 Months to 30 June 2007 Franchised and Total Constant US$ Franchised Comparable Total Comparable Hotels Occ % ADR RevPAR Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 16 63.9% (0.9%) 124.81 7.7% 79.72 6.1% 70.8% 0.3% 173.22 7

  6. Slide 6: Comparable RevPAR - 6 Months to 30 June 2007 Owned & Leased and Managed

    Comparable RevPAR - 6 Months to 30 June 2007 Owned & Leased and Managed Constant US$ Owned & Leased Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 4 77.5% 0.5% 233.26 5.6% 180.70 6.3% 20

  7. Slide 7: Comparable RevPAR - 6 Months to 30 June 2007 Franchised and Total

    Comparable RevPAR - 6 Months to 30 June 2007 Franchised and Total Constant US$ Franchised Comparable Total Comparable Hotels Occ % ADR RevPAR Occ % ADR RevPAR 2007 Pts 2007 Growth 2007 Growth 2007 Pts 2007 Growth 2007 Growth InterContinental 16 64.9% (2.8%) 130.18 9.4% 84.47 5.0% 70.1% 0.7% 170.86 8

  8. Slide 8: 2007 Current Trading - Comparable RevPAR Growth

    2007 Current Trading - Comparable RevPAR Growth Constant US$ Jan Feb Mar Apr May June Qtr2 Half Year 2006 US - InterContinental 12.4% 15.8% 13.6% 9.8% 6.9% 7.5% 8.1% 10.8% US - Crowne Plaza 6.0% 9.2% 7.5% 7.5% 5.6% 6.5% 6.5% 6.9% US - Holiday Inn 3.0% 4.1% 6.0% 3.8% 5.5% 6.1% 5.1% 4.8% US - Express

  9. Slide 9: 2007 Current Trading - Comparable Occupancy Growth (%age pts)

    2007 Current Trading - Comparable Occupancy Growth (%age pts) %age Points Jan Feb Mar Apr May June Qtr2 Half Year 2006 US - InterContinental 3.6% 5.3% 2.2% (1.5%) 0.6% 1.1% 0.1% 1.8% US - Crowne Plaza 0.6% 1.8% 1.1% 1.3% 0.4% 1.7% 1.1% 1.1% US - Holiday Inn (0.7%) (0.7%) 0.2% (0.6%) (0.0%) 0.3% (0.1

  10. Slide 10: 2007 Current Trading - Comparable Average Daily Rate Growth

    2007 Current Trading - Comparable Average Daily Rate Growth Constant US$ Jan Feb Mar Apr May June Qtr2 Half Year 2006 US - InterContinental 6.6% 7.8% 10.5% 11.9% 6.1% 6.0% 7.9% 8.1% US - Crowne Plaza 4.9% 6.1% 5.9% 5.4% 5.0% 4.1% 4.8% 5.2% US - Holiday Inn 4.5% 5.3% 5.6% 4.7% 5.5% 5.7% 5.3% 5.3% US

  11. Slide 11: Hotel & Room Count - Total at 30 June 2007

    Hotel & Room Count - Total at 30 June 2007 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 5 2,271 22 7,956 22 6,074 49 16,301 Crowne Plaza - - 19 6,779 144 38,060 163 44,839 Holiday Inn 5 1,882 28 9,811 932 169,599 965 181,292 Express - -

  12. Slide 12: Pipeline of Signed Deals - Total at 30 June 2007

    Pipeline of Signed Deals - Total at 30 June 2007 Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 5 2,613 2 873 7 3,486 Crowne Plaza - - 28 7,033 28 7,033 Holiday Inn 2 264 236 29,442 238 29,706 Express 1 120 529 46,096 530 46,216 Staybridge 7 811 112 12,114 119 12,92

  13. Slide 13: Future Growth Drivers - Americas

    Future Growth Drivers - Americas Crowne Holiday Inn Staybridge Candlewood Hotel Total InterContinental Holiday Inn Plaza Express Suites Suites Indigo Room Count 1 January 2007 394,909 16,525 42,604 186,067 123,718 10,953 14,149 893 Openings 14,727 363 2,255 2,082 6,984 1,466 1,345 232 Brand conversi

  14. Slide 14: Future Growth Drivers - EMEA

    Future Growth Drivers - EMEA Crowne Express by Staybridge Total InterContinental Holiday Inn Other Plaza Holiday Inn Suites Room Count 1 January 2007 106,600 21,423 16,440 50,628 18,109 - - Openings 3,181 5 450 2,039 687 - - Brand conversions 0 (364) 364 - - - - Exits (2,672) (423) (567) (1,209) (47

  15. Slide 15: Future Growth Drivers - Asia Pacific

    Future Growth Drivers - Asia Pacific Express by Total InterContinental Crowne Plaza Holiday Inn Other Holiday Inn Room Count 1 January 2007 54,737 11,651 16,588 23,775 1,755 968 Openings 2,805 500 234 807 1,264 - Exits (1,037) 39 (344) (732) - - 30 June 2007 56,505 12,190 16,478 23,850 3,019 968 % G

  16. Slide 16: Continuing Revenue & Operating Profit

    Continuing Revenue & Operating Profit Continuing operations are classified under IFRS at 30 June 2007. This classification can change over time. Continuing operations excludes all owned and leased hotels assets sold or on the market at 30 June 2007.

  17. Slide 17: 2007 Continuing Revenue & Operating Profit

    2007 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Half Yr Q1 Q2 Half Yr Americas O&L 29 33 62 2 6 8 Managed 19 21 40 6 7 13 Franchised 54 68 122 48 58 106 Sub-total 102 122 224 56 71 127 Regional overhead - - - (8) (8) (16) Americas 102 122 224 48 63 111 EMEA O&L 25 29 54

  18. Slide 18: 2006 Continuing Revenue & Operating Profit

    2006 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 25 27 24 28 104 2 5 3 2 12 Managed 20 20 18 19 77 6 9 7 5 27 Franchised 55 63 66 57 241 49 54 57 48 208 Sub-total 100 110 108 104 422 57 68 67 55 247 Regional overhead - - - (8

  19. Slide 19: 2005 Continuing Revenue & Operating Profit

    2005 Continuing Revenue & Operating Profit £m Revenue Operating Profit Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 22 25 24 27 98 3 4 3 4 14 Managed 13 18 16 18 65 4 6 4 6 20 Franchised 45 54 60 54 213 39 47 55 45 186 Sub-total 80 97 100 99 376 46 57 62 55 220 Regional overhead - - - - - (8

  20. Slide 20: Cashflow - 3 months ended 30 June 2007

    Cashflow - 3 months ended 30 June 2007 3 months to 3 months to £m 30 June 2007 30 June 2006 Operating profit* 70 81 Depreciation & amortisation 15 15 Working capital (10) 1 Pension obligations (15) - Other 5 4 Cash flow from operations 65 101 Net debt as at 30 June 872 320 *Excludes exceptional item

  21. Slide 21: Ordinary Shares

    Ordinary Shares 6 months 6 months Number of shares to 30 June 07 to 30 June 06 1st January 356.1 432.9 Share buyback (2.5) (12.7) Share consolidation (57.3) (52.9) Option exercise 2.8 1.9 30th June 299.1 369.2 Basic weighted average shares 345.4 421.1 Dilutive potential ordinary shares 8.7 11.9 Basi

InterContinental Hotels Group — H1 2007 Earnings Presentation on 6ix