Regulatory and Compliance - H World Group Limited was conclusively identified by the SEC as a Commission-Identified Issuer on May 26, 2022[3] - The Company filed its annual report on Form 20-F for the year ended December 31, 2021, on April 27, 2022[3] - The Company is submitting this report as required under Item 16I(a) of Form 20-F[2] - The report was signed by Hui Jin, the Chief Executive Officer, on April 27, 2023[5] Audit and Financial Statements - Deloitte Touche Tohmatsu Certified Public Accountants LLP issued the audit report for the Company's financial statements[3] - The PCAOB determined it was unable to inspect registered public accounting firms in China, but this determination was vacated in December 2022[3] Ownership and Control - The Company believes it is not owned or controlled by a governmental entity in China as of the date of this submission[4] - There is no known governmental entity that can direct the management and policies of the Company[4] Company Information - The Company is headquartered in Shanghai, China, with its principal executive office located at No. 1299 Fenghua Road, Jiading District[1]

H World Group Limited (NASDAQ:HTHT) Q4 2022 Earnings Conference Call March 27, 2023 9:00 PM ET Company Participants Jason Chen - Director, Investor Relations Qi Ji - Chairman Hui Jin - CEO Jihong He - CFO Ye Fei - President Conference Call Participants Ronald Leung - Bank of America Simon Cheung - Goldman Sachs Sijie Lin - CICC Operator Good day and thank you for standing by. Welcome to the H World Q4 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker' ...

Fourth Quarter and Full Year of 2022 Earnings Call H World Group Limited HT and HKEX: 1179) March 28, 2023 H World Group Limited AGENDA ○ 2022 Review and 2023 Focus 2022 Operational and Financial Review Q and A Appendix Our Achievements in 2022 - Legacy-Huazhu 2022年华住中国主要成就 | --- | --- | --- | |------------------------------|-------|-----------------------------------------------------------------------------------------------------------------------------------------| | Key priorities | | Achievements | | ...

Hotel Operations - As of December 31, 2022, the company operated 8,543 hotels with a total of 809,478 rooms[2] - As of December 31, 2022, Legacy-Huazhu operated 8,411 hotels with a total of 783,174 rooms, including 2,544 hotels under development[5] - As of December 31, 2022, there were 2,580 hotels in the pipeline, including 2,544 from Legacy-Huazhu and 36 from Legacy-DH[4] - The company operates 13% of its hotel rooms under lease and ownership models, while 87% are managed through franchise and management agreements[25] - The economy hotel segment includes 4,948 hotels with 389,383 rooms and 1,066 hotels under development[48] - The mid-range hotel segment consists of 2,898 hotels with 317,117 rooms and 1,146 hotels in the pipeline[48] - The upscale hotel segment has 134 hotels with 21,609 rooms and 72 hotels under development[48] - The company has 3,257 Hanting hotels with 288,956 rooms and 652 hotels in the pipeline[48] - The company has 456 Haiyou hotels with 23,998 rooms and 170 hotels under development[48] - The company has 567 Xingcheng hotels with 47,378 rooms and 242 hotels in the pipeline[48] - The company has 1,694 Quanjing hotels with 199,581 rooms and 611 hotels under development[48] - The company has 85 Ibis Styles hotels with 8,864 rooms and 25 hotels in the pipeline[48] - The company has 10 other hotels with 3,584 rooms and 5 hotels under development[49] Financial Performance - In Q4 2022, hotel revenue increased by 10.5% year-over-year to RMB 13.1 billion, while full-year revenue rose by 9.3% to RMB 49.6 billion[2] - For the full year 2022, the company reported a full-year net loss of RMB 1.8 billion, down from a net loss of RMB 465 million in 2021[2] - The company expects Q1 2023 revenue to grow between 61% to 65% year-over-year, or 53% to 57% excluding DH[3] - For the full year 2023, the company projects revenue growth of 42% to 46%, or 46% to 50% excluding DH[20] - The company reported a total revenue for the year ended December 31, 2022, of RMB 13,862 million, a decrease from RMB 14,785 million in 2021, representing a decline of 6.2%[36] - The operating profit for the year ended December 31, 2022, was RMB (294) million, compared to RMB 164 million in 2021, indicating a significant decrease[36] - The net profit attributable to Huazhu Group Limited for the year ended December 31, 2022, was RMB (1,821) million, compared to RMB (465) million in 2021[36] Costs and Expenses - In Q4 2022, hotel operating costs were RMB 3.43 billion (approximately USD 496 million), an increase from RMB 3.2 billion in Q4 2021 and RMB 3.0 billion in Q3 2022[11] - For the full year 2022, hotel operating costs totaled RMB 12.26 billion (approximately USD 1.8 billion), compared to RMB 11.28 billion in 2021[12] - In Q4 2022, sales and marketing expenses were RMB 169 million (approximately USD 25 million), down from RMB 183 million in Q4 2021 and RMB 181 million in Q3 2022[12] - For the full year 2022, sales and marketing expenses were RMB 613 million (approximately USD 89 million), a decrease from RMB 641 million in 2021[12] - In Q4 2022, general and administrative expenses were RMB 440 million (approximately USD 64 million), slightly up from RMB 438 million in Q4 2021 and RMB 405 million in Q3 2022[13] - For the full year 2022, general and administrative expenses reached RMB 1.7 billion (approximately USD 243 million), compared to RMB 1.5 billion in 2021[13] EBITDA and Adjusted EBITDA - EBITDA for Q4 2022 was RMB 529 million, significantly up from RMB 46 million in Q4 2021[3] - The adjusted EBITDA for Q4 2022 was RMB 398 million, compared to RMB 278 million in Q4 2021[3] - The adjusted EBITDA for the year ended December 31, 2022, was RMB 610 million, down from RMB 1,571 million in 2021[36] - The company emphasizes the importance of EBITDA as a financial metric to assess operational and financial performance before financing transactions and tax impacts[23] - Adjusted EBITDA is defined as EBITDA excluding stock-based compensation and unrealized gains (losses) from equity securities, providing a clearer view of hotel operating performance[23] - The company believes that adjusted EBITDA better reflects the operational capabilities of its hotels, as it excludes significant fluctuations from stock-based compensation and equity securities[23] Cash Flow and Liquidity - As of December 31, 2022, total cash and cash equivalents amounted to RMB 3.6 billion (equivalent to $520 million)[19] - The net cash generated from operating activities for Q4 2022 was RMB 1,042 million, a significant increase from RMB 452 million in Q3 2022[31] - The company experienced a cash decrease of RMB 131 million in Q4 2022, following an increase of RMB 537 million in Q3 2022[32] - The total cash and cash equivalents at the end of Q4 2022 were RMB 5,086 million, down from RMB 5,217 million at the end of Q3 2022[32] Debt and Equity - As of December 31, 2022, total debt was RMB 9.9 billion (equivalent to $1.4 billion)[19] - Long-term debt rose significantly from RMB 3,565 million in 2021 to RMB 6,635 million in 2022, an increase of about 86.63%[28] - Total equity decreased from RMB 11,044 million in 2021 to RMB 8,803 million in 2022, a decline of approximately 20.03%[28] Hotel Performance Metrics - In Q4 2022, the average daily rate (ADR) for Legacy-Huazhu hotels was RMB 240, a slight increase from RMB 239 in Q4 2021, but a decrease from RMB 254 in Q3 2022[5] - The occupancy rate for all operating Legacy-Huazhu hotels in Q4 2022 was 66.2%, down from 68.2% in Q4 2021 and 76.0% in Q3 2022[5] - The average revenue per available room (RevPAR) for the Legacy-Huazhu business in Q4 2022 returned to approximately 83% of 2019 levels, with monthly figures of 74%, 87%, and 91% for October, November, and December respectively[20] - The average occupancy rate for the total portfolio was 66.7%, down 5.3 percentage points compared to the previous year[42] - The average daily room rate for managed and franchised hotels increased by 3.0% to RMB 231 for the year ending December 31, 2022[41] - The average daily room revenue for economy hotels decreased by 13.6% to $123 for the year ending December 31, 2022, compared to $142 for the year ending December 31, 2021[43]

Exhibit 99.1 H WORLD GROUP LIMITED INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Unaudited Interim Condensed Consolidated Balance Sheets as of December 31, 2021 and September 30, 2022 F-2 Unaudited Interim Condensed Consolidated Statements of Comprehensive Income for the Nine Months Ended September 30, 2021 and 2022 F-3 Unaudited Interim Condensed Consolidated Statements of Changes in Equity for the Nine Months Ended September 30, 2021 and 2022 F-4 Unaudited Interim Condensed Consol ...

H World Group Limited (NASDAQ:HTHT) Q3 2022 Earnings Conference Call November 28, 2022 8:00 PM ET Company Participants Jason Chen - Director, Investor Relations Qi Ji - Chairman Hui Jin - Chief Executive Officer Jihong He - Chief Executive Officer, International Business Ye Fei - Deputy Chief Financial Officer Conference Call Participants Dan Xu - Morgan Stanley Ronald Leung - Bank of America Simon Cheung - Goldman Sachs Operator Good day, and thank you for standing by. Welcome to the H World Third Quarter ...

Hotel Operations - As of September 30, 2022, the company operated 8,402 hotels with a total of 797,489 rooms[5] - The company opened 429 hotels in Q3 2022, while closing 204 hotels during the same period[5] - The total number of hotels as of September 30, 2022, is 8,402, with 797,489 rooms and 2,313 hotels in the pipeline[48] - The total number of temporarily closed hotels as of September 30, 2022, is 4, due to renovations and seasonal closures[46] - The total number of hotels as of September 30, 2022, was 8,276, with a net increase of 225 hotels compared to the previous year[40] Financial Performance - Total revenue for Q3 2022 grew by 16.2% year-over-year to RMB 4.1 billion (approximately USD 575 million), aligning with previous guidance of 13% to 17% growth[2] - The net loss attributable to the company for Q3 2022 was RMB 717 million (approximately USD 101 million), compared to a net loss of RMB 137 million in Q3 2021[3] - Adjusted EBITDA for Q3 2022 was RMB 491 million (approximately USD 69 million), up from RMB 385 million in Q3 2021[4] - The company's operating profit for Q3 2022 was RMB 500 million (approximately USD 70 million), compared to RMB 72 million in Q3 2021 and RMB 8 million in Q2 2022, with an operating profit margin of 12.2%[16] - The company reported a significant increase in user data, with a notable rise in hotel management and franchise operations contributing to revenue growth[33] Revenue Metrics - Hotel revenue for Q3 2022 increased by 24.4% year-over-year to RMB 15.2 billion, while excluding Steigenberger Hotels AG, the growth was 21.6%[2] - Revenue from the Legacy-Huazhu segment in Q3 2022 was RMB 3,200 million, a year-over-year increase of 7.7% and a quarter-over-quarter increase of 28.4%[10] - The Legacy-DH segment reported revenue of RMB 932 million in Q3 2022, a year-over-year increase of 58.2% and a quarter-over-quarter increase of 1.2%[10] - The management franchise and licensed hotel revenue in Q3 2022 was RMB 1,313 million, a year-over-year increase of 16.4% and a quarter-over-quarter increase of 38.9%[11] Occupancy and Rates - The average daily rate (ADR) for Legacy-Huazhu hotels in Q3 2022 was RMB 254, compared to RMB 246 in Q3 2021[6] - The occupancy rate for all operating Legacy-Huazhu hotels in Q3 2022 was 76.0%, up from 71.9% in Q3 2021[6] - Average revenue per available room (RevPAR) in China recovered to 90% of 2019 levels in Q3 2022, driven by pent-up leisure travel demand during July and August, but slowed to 74% in October due to COVID-19 resurgence[9] - The average daily room rate for leased hotels increased by 19.7% year-over-year to €112.9 as of September 30, 2022[47] - The occupancy rate for leased hotels improved by 19.5 percentage points year-over-year to 67.4% as of September 30, 2022[47] Cash Flow and Debt - Operating cash inflow for Q3 2022 was RMB 452 million (approximately USD 64 million), while investment cash outflow was RMB 525 million (approximately USD 74 million)[21] - As of September 30, 2022, the total cash and cash equivalents amounted to RMB 5.2 billion (approximately USD 728 million) and restricted cash was RMB 400 million (approximately USD 6 million)[21] - The total debt balance as of September 30, 2022, was RMB 11.2 billion (approximately USD 1.6 billion), with available undrawn credit facilities of RMB 2.9 billion[21] - The company’s long-term debt rose to RMB 6,091 million as of September 30, 2022, from RMB 3,565 million as of December 31, 2021[32] Future Outlook - The company expects Q4 2022 revenue to grow by 7% to 11% year-over-year, or decline by 1% to 5% excluding DH[4] - The company plans to focus on cost control and cautious capital expenditure to ensure operational and cash flow safety amid ongoing COVID-19 challenges[9] - The company plans to expand its market presence and enhance customer retention strategies in the upcoming quarters[30] Non-GAAP Measures - The company believes that adjusted EBITDA better reflects the operational performance of its hotels, excluding the impact of stock-based compensation and unrealized gains or losses from equity securities[26] - The company emphasizes that EBITDA and adjusted EBITDA should not be viewed as indicators of future performance, as they do not account for depreciation, amortization, taxes, and interest expenses[27] - The company aims to enhance transparency in financial and operational decision-making by providing non-GAAP financial measures[25]

H World Group Ltd (NASDAQ:HTHT) Q2 2022 Earnings Conference Call August 29, 2022 9:00 PM ET Company Participants Jason Chen - IR Director Ji Qi - Founder & Executive Chairman Jin Hui - CEO Ye Fei - Deputy CFO & VP, Strategic Investment and Capital Market Conference Call Participants Billy Ng - Bank of America Merrill Lynch Simon Cheung - Goldman Sachs Group Sijie Lin - CICC Operator Good day, and thank you for standing by. Welcome to the H World Group Conference Call. I would now like to hand the conference ...

Financial Performance - In Q2 2022, hotel revenue decreased by 10.3% year-over-year to RMB 11.8 billion; excluding Steigenberger Hotels AG, the decline was 18.9%[4] - Revenue for Q2 2022 was RMB 3.4 billion (approximately $504 million), down 5.7% year-over-year, aligning with previous guidance of a 2% to 6% decline[4] - The net loss attributable to the company in Q2 2022 was RMB 350 million (approximately $52 million), compared to a net profit of RMB 378 million in Q2 2021[5] - Adjusted EBITDA for Q2 2022 was RMB 53 million (approximately $7 million), down from RMB 1 billion in Q2 2021[6] - Total revenue for Q2 2022 was RMB 3.382 billion (approximately $504 million), a year-over-year decrease of 5.7% but a quarter-over-quarter increase of 26.1%[13] - Revenue from the Legacy-DH segment in Q2 2022 was RMB 921 million, a year-over-year increase of 311.2% and a quarter-over-quarter increase of 126.8%[13] - Operating profit for Q2 2022 was RMB 8 million (approximately USD 1 million), a significant decrease from RMB 629 million in Q2 2021 and a loss of RMB 708 million in Q1 2022[21] - The operating profit margin for Q2 2022 was 0.2%, down from 17.5% in Q2 2021 and negative 26.4% in Q1 2022[22] - The company reported a basic loss per share of RMB 0.11 for the quarter ended June 30, 2022, compared to earnings of RMB 0.12 in the same quarter of 2021[43] Hotel Operations - As of June 30, 2022, the company operated 8,176 hotels with a total of 773,898 rooms[8] - The company opened 269 hotels in Q2 2022 while closing 86 hotels during the same period[8] - As of June 30, 2022, there were 2,236 hotels under development, including 2,199 from Legacy-Huazhu[8] - The average daily rate (ADR) for Legacy-Huazhu hotels in Q2 2022 was RMB 218, down from RMB 255 in Q2 2021[9] - The occupancy rate for all operating Legacy-Huazhu hotels in Q2 2022 was 64.6%, compared to 82.3% in Q2 2021[9] - The average daily rate was €110, up from €82 in Q2 2021 and €88 in Q1 2022[11] - The occupancy rate for all operating Legacy-DH hotels in Q2 2022 was 59.8%, compared to 24.4% in Q2 2021 and 38.0% in Q1 2022[11] - The company has paused providing full-year revenue and hotel opening guidance due to the impact of COVID-19 and related policies[31] Costs and Expenses - In Q2 2022, hotel operating costs were RMB 3 billion (approximately USD 443 million), an increase from RMB 2.7 billion in Q2 2021 and RMB 2.8 billion in Q1 2022[17] - For the first half of 2022, hotel operating costs totaled RMB 5.8 billion (approximately USD 864 million), compared to RMB 5.2 billion in the same period of 2021[18] - General and administrative expenses in Q2 2022 were RMB 368 million (approximately USD 55 million), compared to RMB 392 million in Q2 2021 and RMB 462 million in Q1 2022[19] - Total operating costs and expenses for the quarter ended June 30, 2022, were RMB 3,528 million, up from RMB 3,320 million in the same quarter of 2021[42] Cash Flow and Debt - Operating cash inflow for Q2 2022 was RMB 989 million (approximately USD 147 million)[27] - As of June 30, 2022, the total cash and cash equivalents amounted to RMB 4.6 billion (approximately USD 693 million), with restricted cash of RMB 38 million (approximately USD 6 million)[29] - The total debt balance as of June 30, 2022, was RMB 10.4 billion (approximately USD 1.6 billion), with available undrawn credit facilities of RMB 3 billion[29] - Cash and cash equivalents decreased from RMB 5,116 million at the end of 2021 to RMB 4,642 million by June 30, 2022, a reduction of about 9.3%[40] - Short-term debt increased from RMB 6,232 million to RMB 6,707 million, reflecting a rise of about 7.6%[41] - Huazhu's long-term debt increased from RMB 3,565 million to RMB 3,696 million, representing a rise of approximately 3.7%[41] Market Strategy and Future Outlook - The company expects Q3 2022 revenue to grow by 13% to 17% year-over-year, or 5% to 9% excluding DH[6] - The company plans to accelerate the exit from the economy soft brand hotel market within the next one to two years to improve overall hotel quality[12] - The company has outlined growth strategies that include enhancing customer retention and leveraging brand strength, although specific numerical targets were not disclosed[39] - The company continues to explore new strategies for market expansion and product development[61] Non-GAAP Measures and Financial Metrics - The company emphasizes the importance of EBITDA as a financial metric, which reflects operational and financial performance before financing transactions and tax impacts[33] - Adjusted EBITDA is used to evaluate the operating performance of hotels, excluding stock-based compensation and unrealized gains or losses from equity securities[34] - The company believes that adjusted EBITDA provides a more accurate reflection of hotel performance capabilities[34] - The company uses non-GAAP financial measures to provide meaningful supplemental information about its performance[36] - The company believes that the use of non-GAAP measures enhances transparency in financial and operational decision-making[36] Impairment and Investment - The company experienced a substantial increase in impairment losses, reporting RMB 91 million for the six months ended June 30, 2022, compared to RMB 9 million for the same period in 2021[44] - The company reported a significant increase in investment income, with a profit of RMB 531 million for the six months ended June 30, 2022, compared to a loss of RMB 314 million for the same period in 2021[44]