Investor Presentaiton
BUSINESS UPDATE
FINANCIAL SUMMARY & HIGHLIGHTS
OUTLOOK
APPENDIX
Reconciliation of Non-GAAP Measures
ADJUSTED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION ("EBITDA")
($thousands)
Net income
Income taxes
Interest expense
Interest income
Other (gains) losses
Loss on extinguishment of debt
Equity in operating net loss of affiliates, net of impairments
Loss on impairment of unconsolidated joint ventures
Gain on sale of business & assets, and impairments, net
Depreciation and amortization
Mark to market adjustments on non-qualified retirement plan investments
Operational restructuring charges
Share-based compensation
Due diligence and transaction costs
Exceptional allowances attributable to COVID-19
Extraordinary termination fees from franchisees
Net reimbursable surplus from franchised and managed properties
Limited payment guarantee charge
Franchise agreement acquisition costs amortization
Adjusted EBITDA
Q2 2023*
84,710
Q2 2022*
FY 2023*
$
106,168
254,800
FY 2022*
$332,150
FY 2019*
$
222,878
27,837
35,958
81,800
104,654
47,051
16,270
11,252
64,200
43,797
46,807
(2,056)
(1,628)
(7,100)
(7,288)
(9,996)
(2,187)
(5,559)
(3,700)
7,018
(4,862)
7,188
(185)
40
(1.600)
(1,916)
9,576
(16,065)
(3,280)
14,930
9,812
5,479
49,200
30,425
18,828
2,051
(4,835)
3,900
(5,929)
4,798
3,082
42,100
6,714
1,466
6,007
4,613
20,400
19,137
8,759
7,867
3,569
32,863
(1,241)
(22,647)
(4,388)
(35,536)
18,600
(52,102)
1,713
1,551
1,600
2,736
$
153,108
$
2,196
129,554
10,800
$ 535,000
$
8,995
478,566
$
4,484
373,516
REVENUES, EXCLUDING REIMBURSABLE REVENUE FROM FRANCHISED AND MANAGED PROPERTIES AND
EXTRAORDINARY TERMINATION FEES FROM FRANCHISEE
($thousands)
Total revenues
$
Q2 2023
427,420
Q2 2022
367,974
$ 1,401,948
Adjustments:
Reimbursable revenue from franchised and managed properties
Extraordinary termination fees from franchisee
(199,645)
(189,382)
(682,612)
(22,647)
FY 2022
FY 2019
$ 1,114,820
(577,426)
Revenues, excluding reimbursable revenue from franchised and managed properties and extraordinary fees from
franchisee
$ 227,776
$ 178,592
$
696,689
$
537,394
*Figures are calculated using guidelines from the ASC 606 Revenue Recognition Standard.
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