Marriott International, Inc. (NASDAQ:MAR) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants Jackie Burka - SVP, IR Tony Capuano - President and CEO Leeny Oberg - CFO and EVP, Business Operations Conference Call Participants Joe Greff - JPMorgan Stephen Grambling - Morgan Stanley David Katz - Jefferies Robin Farley - UBS Shaun Kelley - Bank of America Smedes Rose - Citi Patrick Scholes - Truist Securities Richard Clarke - Bernstein Dori Kesten - Wells Fargo Brandt Montour - Barclay ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 ________________________________________________ ...

Marriott International, Inc. (NASDAQ:MAR) Q4 2022 Earnings Conference Call February 14, 2023 8:30 AM ET Company Participants Jackie Burka - Investor Relations Tony Capuano - President and Chief Executive Officer Leeny Oberg - Chief Financial Officer and Executive Vice President, Business Operations Conference Call Participants Stephen Grambling - Morgan Stanley Shaun Kelley - Bank of America Joe Greff - JPMorgan Robin Farley - UBS Richard Clarke - Bernstein Smedes Rose - Citi Patrick Scholes - Truist Securi ...

Company Operations - At year-end 2022, the company operated 2,053 properties with a total of 576,243 rooms[11]. - The company had 6,122 franchised and licensed properties, totaling 937,683 rooms and timeshare units[15]. - The company operates in two segments: U.S. & Canada and International, which are separately disclosed[11]. - At year-end 2022, Marriott operated a total of 8,288 properties with 1,525,407 rooms globally[23]. - The company had 113 branded residential communities, comprising 11,481 residential units at year-end 2022[16]. Brand Portfolio - The company’s Classic Luxury brands include JW Marriott, The Ritz-Carlton, and St. Regis, while Distinctive Luxury brands include W Hotels and The Luxury Collection[18]. - The company’s Classic Premium brands include Marriott Hotels and Sheraton, with a total of 205,443 rooms across these brands[19]. - The company’s brand portfolio is categorized into three quality tiers: Luxury, Premium, and Select[19]. - The company emphasizes the importance of its brand names and trademarks in a highly competitive industry[17]. Financial Performance - Total revenues for 2022 reached $20,773 million, a significant increase from $13,857 million in 2021, representing a growth of approximately 50%[184]. - Net income for 2022 was $2,358 million, compared to $1,099 million in 2021, marking an increase of about 114%[187]. - Earnings per share (EPS) for 2022 were $7.27 (basic) and $7.24 (diluted), up from $3.36 and $3.34 in 2021, reflecting a growth of approximately 116%[184]. - Gross fee revenues for 2022 totaled $4,078 million, a 51% increase from $2,694 million in 2021[184]. - Operating income for 2022 was $3,462 million, compared to $1,750 million in 2021, indicating a growth of about 98%[184]. Loyalty Program - Over half of Marriott's global room nights in 2022 were booked by Marriott Bonvoy members, indicating strong loyalty program engagement[24]. - The company recognized $2,692 million in revenues from the Loyalty Program during 2022, with deferred revenue of $6,594 million as of December 31, 2022[180]. - The complexity of accounting for the Loyalty Program involves high volumes of data and significant judgment in estimating the standalone selling price per point and breakage[180]. - The company recognized revenue for Loyalty Program points as they are redeemed, which involves complex models and estimates[180]. Sustainability and Social Impact - The company has committed to set a near-term science-based emissions reduction target and aims for net-zero value chain greenhouse gas emissions by no later than 2050[44]. - The company is focused on sustainability through initiatives that include designing resource-efficient hotels and increasing the use of renewable energy[44]. - The company has established a platform called Serve 360, which includes four focus areas to drive sustainability and social impact through 2025[43]. - The company aims to support the resiliency and sustainable development of the communities where it operates[43]. Human Capital Management - The company managed approximately 377,000 associates at year-end 2022, including 140,000 directly employed by Marriott[34]. - Marriott's associate engagement scores exceeded external benchmarks in 2022, reflecting a strong workplace culture[36]. - The company focuses on human capital management includes leadership development and comprehensive benefits to enhance associate satisfaction[39]. - The company aims to achieve global gender parity at the Vice President level and above by the end of 2023, and increase the representation of people of color at the same level in the U.S. to 25% by year-end 2025[41]. Financial Position and Debt - The company reported total carrying amounts for fixed-rate debt at $(8,523) million and floating-rate debt at $(1,402) million[156]. - Long-term debt remained relatively stable at $9,380 million in 2022, compared to $9,333 million in 2021[189]. - Total long-term debt at year-end 2022 was $10,064 million, a decrease from $10,138 million at year-end 2021[298]. - The company paid cash for interest of $345 million in 2022, down from $391 million in 2021[298]. Audit and Financial Reporting - The company's internal control over financial reporting received an unqualified opinion from Ernst & Young LLP as of December 31, 2022[175]. - The audit included testing the operating effectiveness of controls over the accounting for reimbursed expenses and general and administrative expenses[182]. - The audit procedures included evaluating management's assumptions and testing the underlying data used in estimating breakage of Loyalty Program points[180]. - The company’s financial statements were audited in accordance with PCAOB standards, ensuring reasonable assurance about the absence of material misstatements[177]. Acquisitions and Investments - The company announced an agreement to acquire the City Express brand portfolio for $100 million, which includes 152 mid-scale hotels (17,356 rooms) across Mexico, Costa Rica, Colombia, and Chile[248]. - The acquisition of City Express is expected to close in the first half of 2023, pending regulatory approval and customary closing conditions[248]. - The company evaluates investments for impairment based on significant underperformance relative to historical or projected operating performance[230].

Marriott International, Inc. (NASDAQ:MAR) Barclays 8th Eat, Sleep, Play Conference November 30, 2022 8:45 AM ET Company Participants Leeny Oberg - Chief Financial Officer and Executive Vice President, Business Operations Conference Call Participants Brandt Montour - Barclays Capital Brandt Montour I am very excited to have the CFO of Marriott here, Leeny Oberg, in town for not only this, but their annual Christmas party later this week, which is famous for tiny cupcakes. Right? Leeny Oberg I was going to s ...

Marriott International, Inc. (NASDAQ:MAR) Q3 2022 Earnings Conference Call November 3, 2022 8:00 AM ET Company Participants Jackie McConagha - SVP, IR Anthony Capuano - CEO & Director Kathleen Oberg - CFO & EVP, Business Operations Conference Call Participants Shaun Kelley - Bank of America Merrill Lynch Joseph Greff - JPMorgan Chase & Co. Robin Farley - UBS William Crow - Raymond James & Associates Charles Scholes - Truist Securities David Katz - Jefferies Brandt Montour - Barclays Bank Duane Pfennigwerth ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 __________________________ ...

Start Time: 08:40 End Time: 09:14 March 1, 0000 ET Bank of America Securities 2022 Gaming & Lodging Conference September 08, 2022, 08:40 AM ET Company Participants Leeny Oberg - CFO and EVP, Business Operations Conference Call Participants Shaun Kelley - Bank of America Operator Hello, everyone. So our next presentation is with Leeny Oberg from Marriott. So I think everybody knows, but Leeny is the Chief Financial Officer and Executive Vice President, Business Operations for Marriott worldwide. So Leeny, th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-Q _________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 1-13881 _______________________________ ...

Marriott International, Inc. (NASDAQ:MAR) Goldman Sachs Travel and Leisure Conference 2022 June 7, 2022 9:20 AM ET Company Participants Tony Capuano - CEO Conference Call Participants Stephen Grambling - Goldman Sachs Stephen Grambling All right. We are moving right along and it's my pleasure to be joined by Tony Capuano, Chief Executive Officer of Marriott International. We've got a lot of questions. But again, for those of you who showed up in person, we want this to be somewhat of an active dialog. So if ...