DiamondRock Hospitality Investor Presentation Deck
FORWARD LOOKING STATEMENTS & USE OF NON-GAAP FINANCIAL MEASURES
FORWARD LOOKING STATEMENTS
Certain statements made during this presentation are forward-looking
statements that are subject to risks and uncertainties. Forward-looking
statements generally include the words "believe," "expect," "anticipate,"
"plan," "estimate," "project," "will," "intend" or other similar expressions.
Forward-looking statements include, without limitation, statements
regarding industry outlook, results of operations, cash flows, business
strategies, growth and value opportunities, capital and other
expenditures, financing plans, expense reduction initiatives and
projected dispositions.
Factors that could cause actual results to materially differ from those
contained in the forward-looking statements include, without limitation,
national and local economic and business conditions, including the
impact of COVID-19 on occupancy rates at Diamond Rock Hospitality
Company's (the "Company") hotels and the demand for hotel products
and services, and those risks and uncertainties discussed in the most
recent Annual Report on Form 10-K, which the Company has filed with
the Securities and Exchange Commission, and in our other public filings
which you should carefully review. The forward-looking statements
made are based on our beliefs, assumptions and expectations of future
performance, taking into account all information currently available to
the Company. Actual results could differ materially from the forward-
looking statements made in this presentation. The forward-looking
statements made in this presentation are subject to the safe harbor of
the Private Securities Litigation Reform Act of 1995.
Any forward-looking statement speaks only as of the date on which it is
made. Although the Company believes the expectations reflect ed in
such forward-looking statements are based upon reasonable
assumptions, it can give no assurance that the expectations will be
attained or that any deviation will not be material.
DIAMONDROCK
HOSPITALITY
All information in this presentation is as of the date of this
presentation, and the Company undertakes no obligation to
update any forward-looking statement to conform the statement
to actual results or changes in the Company's expectations.
This presentation contains statistics and other data that has been
obtained or compiled from information made available by third-
party service providers and believed to be reliable, but the
accuracy and completeness of the information is not assured.
The Company has not independently verified any such
information.
USE OF NON-GAAP FINANCIAL MEASURES
We use the following non-GAAP financial measures that we
believe are useful to investors as key measures of our operating
performance: EBITDA, EBITDAre, Adjusted EBITDA, Hotel
EBITDA, Hotel Adjusted EBITDA, FFO and Adjusted FFO. These
measures should not be considered in isolation or as a substitute
for measures of performance in accordance with U.S.
GAAP. EBITDA, EBITDAre, Adjusted EBITDA, Hotel EBITDA, Hotel
Adjusted EBITDA, FFO and Adjusted FFO, as calculated by us,
may not be comparable to other companies that do not define
such terms exactly as the Company.
A detailed explanation of these non-GAAP financial measures
and the reconciliation of such measures to the most directly
comparable financial measures prepared in accordance with U.S.
GAAP can be found in the Company's first quarter 2023 earnings
press release dated May 4, 2023.View entire presentation