Portfolio Re-Investment and Growth Opportunities Presentation
COMPANY
OVERVIEW
RECENT
HIGHLIGHTS
PORTFOLIO
UPDATE
GROWTH
OPPORTUNITIES
CORPORATE
RESPONSIBILITY
RECONCILIATIONS &
SUPPLEMENTAL INFO
Key Highlights - Q1 2024
+0.5%
TRevPAR
Comparable Hotel Total
RevPAR compared to Q1 2023
$483
MILLION
Adjusted EBITDAre (1),
+9% above Q1 2023
31.2%
MARGIN
Comparable Hotel
EBITDA margin, (2)
30 basis points above
Q1 2019
2.3x
NET LEVERAGE
Provides flexibility and
optionality in a volatile
environment(3)
$0.20
DIVIDEND
Q1 dividend of $0.20 per share,
is at the pre-pandemic
quarterly level
$1.7
BILLION
Total available liquidity,
including approximately $231
million of FF&E reserves and
$1.3 billion available under
the credit facility revolver(4)
1) Adjusted EBITDAre is a non-GAAP financial measure. In Q1 2024, net income was $272 million, (7)% below Q1 2023. See Reconciliations & Supplemental Information for reconciliation of comparable GAAP measures.
Comparable Hotel EBITDA margin is a non-GAAP financial measure. In Q1 2024, operating profit margin was 19.8%, 430 basis points above Q1 2019. See Reconciliations & Supplemental Information for reconciliation of comparable
GAAP measures and definition of Comparable Hotel results.
As of March 31, 2024, adjusted for post-quarter transactions. Net Leverage is a non-GAAP financial measure calculated based on the Company's credit facility and is defined as net debt to adjusted credit facility EBITDA. Net leverage
using GAAP metrics was 6.2x. See Reconciliations and Supplemental Information for a reconciliation.
2)
3)
4)
As of March 31, 2024, as adjusted for subsequent transactions.
2024 Host Hotels & Resorts, Inc.
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