Investor Presentaiton
QUARTERLY BUSINESS UPDATE
FINANCIAL HIGHLIGHTS
Reconciliation of Non-GAAP Measures
ADJUSTED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION ("EBITDA")
($thousands)
Net income
Income tax expense
Interest expense
Interest income
Other (gains) losses
Equity in operating net (gain) loss of affiliates, net of impairments
Loss on impairment of affiliate
Gain on sale of affiliate
Gain on sale of assets
Depreciation and amortization
Mark to market adjustments on non-qualified retirement plan investments
Operational restructuring charges
Share-based compensation
Due diligence costs
Extraordinary termination fees from franchisee
Expenses associated with legal claims
Net reimbursable revenues from franchised and managed properties
Exceptional allowances attributable to COVID-19
Franchise agreement acquisition costs amortization
Adjusted EBITDA
REVENUES, EXCLUDING REIMBURSABLE REVENUE FROM FRANCHISED AND MANAGED PROPERTIES AND
EXTRAORDINARY TERMINATION FEES
($thousands)
Total revenues
Adjustments:
Marketing and reservation system activities
Revenues, excl. reimbursable revenue from franchised and managed properties and extraordinary termination fees
Adjusted EBITDA margin
*Figures are calculated using guidelines from the ASC 606 Revenue Recognition Standard.
APPENDIX
Q3 2022*
103,079
Q3 2021*
116,653
33,696
34,934
9,362
11,638
(2,348)
(1,202)
2,303
407
(1,075)
957
(4,283)
(13,379)
9,668
5,883
(1,419)
(61)
5,416
4,662
3,016
19,496
(22,647)
3,000
(9,702)
(40,655)
989
2,262
139,373
$
1,961
133,238
Q3 2022
414,265
Q3 2021
323,368
(189,382)
200,991
69%
(135,988)
$ 166,497
80%
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