InterContinental Hotels Group PLC · LSE:IHG
InterContinental Hotels — FY2006 Earnings Presentation
17 slides from InterContinental Hotels's earnings presentation, February 2007
Slide 1: Supplementary Information
Supplementary Information 31 December 2006
Slide 2: Index
Index RevPAR - 3 months to 31 December 2006 RevPAR – 12 months to 31 December 2006 RevPAR, Occupancy & ADR – current trading Pipeline of Signed Deals - at 31 December 2006 Hotel & Room Count – at 31 December 2006 Continuing Revenue & Operating Profit by Quarter Cashflow – 3 months ended 31 December
Slide 3: Explanatory Notes
Explanatory Notes We have disclosed owned, leased and managed 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 years. This e
Slide 4: RevPAR - 3 Months to 31 December 2006 Owned & Leased and Managed
RevPAR - 3 Months to 31 December 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 76.1% 1.1% 260.69 5.7% 198.47 7.2% 21 68.8%
Slide 5: RevPAR - 3 Months to 31 December 2006 Franchised and Total
RevPAR - 3 Months to 31 December 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 58.3% (0.7%) 121.04 17.1% 70.52 15.7% 65.4% 1.3% 159.43 7.7% 104.29 9.9% Crowne Plaza 59.1% 0.
Slide 6: RevPAR - 12 Months to 31 December 2006 Owned & Leased and Managed
RevPAR - 12 Months to 31 December 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 78.5% 5.0% 227.59 5.1% 178.63 12.2% 21 68.7
Slide 7: RevPAR - 12 Months to 31 December 2006 Franchised and Total
RevPAR - 12 Months to 31 December 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 61.7% 1.9% 117.50 10.3% 72.50 13.8% 67.1% 1.9% 152.75 7.3% 102.54 10.4% Crowne Plaza 62.7% 1.
Slide 8: Current Trading - RevPAR Growth
Current Trading - RevPAR Growth Constant US$ Oct Nov Dec Qtr4 Full Year Jan 2006 2007 US - InterContinental 15.5% 9.1% 11.2% 12.0% 10.5% 4.7% US - Crowne Plaza 8.1% 5.3% 2.4% 5.5% 10.0% 1.6% US - Holiday Inn 4.9% 2.0% 0.8% 2.8% 7.0% 1.6% US - Express 10.7% 9.2% 8.9% 9.6% 10.6% 8.6% US - Staybridge 4
Slide 9: Current Trading - Occupancy Growth (%age points)
Current Trading - Occupancy Growth (%age points) %age Points Oct Nov Dec Qtr4 Full Year Jan 2006 2007 US - InterContinental 8.2% 1.7% 3.4% 4.4% 3.0% (2.2%) US - Crowne Plaza (0.1%) (0.9%) (0.6%) (0.5%) 0.8% (0.7%) US - Holiday Inn (0.9%) (1.5%) (1.3%) (1.3%) 0.3% (1.1%) US - Express 0.9% 0.0% 0.2% 0
Slide 10: Current Trading - Average Daily Rate Growth
Current Trading - Average Daily Rate Growth Constant US$ Oct Nov Dec Qtr4 Full Year Jan 2006 2007 US - InterContinental 0.1% 0.1% 3.7% 4.9% 6.1% 8.4% US - Crowne Plaza 6.3% 6.3% 8.2% 7.5% 8.7% 2.9% US - Holiday Inn 6.2% 6.2% 6.3% 6.4% 6.4% 3.9% US - Express 9.3% 9.3% 9.2% 8.4% 8.3% 8.2% US - Staybri
Slide 11: Pipeline of Signed Deals - Total at 31 December 2006
Pipeline of Signed Deals - Total at 31 December 2006 Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 5 2,613 1 322 6 2,935 Crowne Plaza - - 24 5,839 24 5,839 Holiday Inn - - 212 26,566 212 26,566 Express - - 503 43,550 503 43,550 Staybridge 7 866 108 11,161 115 12,02
Slide 12: Hotel & Room Count - Total at 31 December 2006
Hotel & Room Count - Total at 31 December 2006 Owned & Leased Managed Franchised Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms InterContinental 5 2,271 21 7,601 23 6,653 49 16,525 Crowne Plaza 1 293 17 6,176 137 36,135 155 42,604 Holiday Inn 5 1,882 30 10,483 952 173,702 987 186,067 Expr
Slide 13: Continuing Revenue & Operating Profit
Continuing Revenue & Operating Profit Continuing operations are classified under IFRS at 31 December 2006. This classification can change over time. Continuing excludes all owned and leased hotels assets sold or on the market at 31 December 2006.
Slide 14: 2006 Continuing Revenue & Operating Profit
2006 Continuing Revenue & Operating Profit 2006 £m Revenue Operating Profit at 31 Dec 2006 Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 27 30 26 32 115 2 6 2 4 14 Managed 20 20 18 19 77 6 9 7 5 27 Franchised 55 63 66 57 241 49 54 57 48 208 Sub-total 102 113 110 108 433 57 69 66 57 249 Region
Slide 15: 2005 Continuing Revenue & Operating Profit
2005 Continuing Revenue & Operating Profit 2005 £m Revenue Operating Profit at 31 Dec 2006 Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 23 27 26 30 106 2 5 2 5 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 81 99 102 102 384 45 58 61 56 220 Regional
Slide 16: 2004 Continuing Revenue & Operating Profit
2004 Continuing Revenue & Operating Profit 2004 £m Revenue Operating Profit at 31 Dec 2006 Q1 Q2 Q3 Q4 Full Yr Q1 Q2 Q3 Q4 Full Yr Americas O&L 18 20 19 23 80 - 2 (1) 2 3 Managed 7 8 7 8 30 - 3 3 - 6 Franchised 43 52 55 46 196 36 45 48 38 167 Sub-total 68 80 81 77 306 36 50 50 40 176 Regional overhe
Slide 17: Cashflow - 3 months ended 31 December 2006
Cashflow - 3 months ended 31 December 2006 3 months to 3 months to £m 31 December 2006 31 December 2005 Operating profit* 42 52 Depreciation & amortisation 17 23 Working capital 7 39 Pensions obligation (1) - Other 5 6 Cash flow from operations 70 120 Net debt as at 31 December 134 88 *Excludes spec
InterContinental Hotels Group — FY2006 Earnings Presentation on 6ix