Investor Presentaiton
BUSINESS UPDATE
FINANCIAL SUMMARY & HIGHLIGHTS
OUTLOOK
Reconciliation of Non-GAAP Measures
ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE (EPS)
($thousands)
Net income
Adjustments:
Loss on extinguishment of debt
Loss on impairment of unconsolidated joint ventures
(Gain) Loss on sale of business & assets, and impairments, net
Operational restructuring charges
Due diligence and transition costs
Exceptional allowances attributable to COVID-19
Net reimbursable surplus from franchised and managed properties
Sale of tax credits on historic building
Extraordinary termination fees from franchisee
Adjusted Net Income
Diluted Earnings Per Share
Adjustments:
Loss on extinguishment of debt
Loss on impairment of unconsolidated joint ventures
Gain on sale of business & assets, and impairments, net
Operational restructuring charges
APPENDIX
Q2 2023*
Q2 2022*
FY 2023*
FY 2022*
84,710
$
106,168
$
261,700
$
332,150
(12,208)
(2,473)
2,331
29,400
5,103
5,947
2,691
24,976
(943)
(5,050)
(26,510)
5,900
(39,233)
$
89,112
$
79,876
$
297,000
(17,212)
292,633
1.65
1.89
5.10
5.99
(0.22)
(0.04)
0.05
0.58
0.09
Exceptional allowances attributable to COVID-19
(0.02)
Net reimbursable surplus from franchised and managed properties
(0.09)
(0.47)
0.12
(0.71)
Limited payment guarantee change
Extraordinary termination fees from franchisee
Due diligence and transition costs
Adjusted Diluted Earnings Per Share (EPS)
0.02
(0.31)
0.12
0.05
0.45
1.75
1.43
5.80
5.27
*Figures are calculated using guidelines from the ASC 606 Revenue Recognition Standard.
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