Investor Presentation November 2023
INVESTOR PRESENTATION NOVEMBER 2023
Significant EBITDA Upside to be Achieved
Within the next three years, the Company expects to achieve significant EBITDA upside from prior, current and
upcoming ROI capital investments, optimized hotel operations and redeveloped and repositioned resorts.
EBITDA Upside of
~$95M ($0.78/Share)
$450M
2019A (1)
Note: Dollars in millions.
$20M
$0.17/Share
100-200 bps Portfolio
Optimization (2)
$29M
$0.24/Share
10% ROI
on ROI Projects
$46M
$0.38/Share
$545M
Normalized Resort EBITDA
Over 2019 (3)
2019 EBITDA
With Upside
pebblebrook
TRUST
(1) Based on 2019 operating results; includes all hotels owned by the Company as of September 30, 2023.
(2) $20M of annual savings includes a $3M reduction for resort-related margin optimization upside; 100-200 bps savings on the Company's entire portfolio would result in approximately $23M of
annual savings.
(3) Normalized Resort EBITDA over 2019 reflects resort upside over 2019, excluding any ROI project upside and reflects LaPlaya Beach Resort & Club's achievement for Q1-Q3 2022 and pre-
hurricane Q4 2022 forecast.
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