Investor Presentaiton
QUARTERLY BUSINESS UPDATE
FINANCIAL HIGHLIGHTS
APPENDIX
Third Quarter Financial Performance and Full-Year Financial Outlook Update
Revenue, Profitability & Balance Sheet
$414.3M $103.1M
Total Revenues
Net Income
$139.4M
$1.56
Adj. diluted EPS
2.5x
Gross leverage ratio
below the target of 3-4x
Shareholder Returns
>$230M
Adj. EBITDA
~4%
In the form of
of shares outstanding
share repurchases in Q3
representing
as of Sept. 30, 2022²
Outlook¹
$465M to $470M
FY '22 Adj. EBITDA
+25% to 26%
+15% to 17%
vs. FY '19
vs. FY '21
0000
$80M
Annual recurring
Radisson Hotels Americas
adj. EBITDA (FY '24)
Acquisition³
~$674M
Purchase price
(closed the acquisition of
Radisson Hotels Americas)
те
Capital Recycling
Activity4
>$140M
YTD through Sept. 30, 2022
Secured 20- to 30-year
franchise agreements with all buyers
1 The company is not able to reconcile full-year 2022 projected adjusted EBITDA and full-year 2024 projected adjusted EBITDA contribution from the Radisson Hotels Americas business unit, in each case without unreasonable efforts because it is not possible to predict with a
reasonable degree of certainty the final valuation and related allocation of the purchase price and other potential adjustments. The unavailable information could have a significant impact on the company's full-year 2022 and full-year 2024 reported financial results.
2 The percentage of shares repurchased is calculated based on 54 million shares outstanding as of September 30, 2022.
3 The acquisition closed on August 11, 2022.
4 The company sold the Cambria Hotel Nashville Downtown, Tennessee in July 2022 for approximately $110 million. Subsequent to quarter-end, the company sold the Cambria Hotel New Haven, Connecticut, in October 2022 for $30 million.
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