FAIRFAX, Va., July 9, 2024 /PRNewswire/ -- Playa Hotels & Resorts N.V. (NASDAQ: PLYA) (the "Company") announced today that following a preliminary assessment, the Company's resorts in the Caribbean and Mexico did not sustain significant damage from Hurricane Beryl. All of the Company's resorts are currently open, operational and welcoming our arriving guests. About Playa Hotels & Resorts N.V. Playa Hotels & Resorts N.V., through its subsidiaries (NASDAQ: PLYA, "Playa"), is a leading owner, operator and deve ...

dibrova/iStock via Getty Images Investment Thesis: I revise my rating on Playa Hotels & Resorts from Hold to Buy. | | | | Three Months Ended March 31. | | | | --- | --- | --- | --- | --- | --- | | | | 2024 | | 2023 | Change | | Occupancy | | 84.9 % | | 82.3 % | 2.6 pts | | Net Package ADR | S | 530.41 | 8 | 508.02 | 4.4 % | | Net Package RevPAR | S | 450.33 | ਣ | 417.91 | 7.8 % | | Total Net Revenue (1) | S | 283,086 | S | 262,045 | 8.0 % | | Owned Net Revenue 147 | S | 279,112 | 2 | 258,826 | 7.8 % | | Own ...

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Ryan Hymel - Executive Vice President & Chief Financial Officer Bruce Wardinski - Chairman & Chief Executive Officer Conference Call Participants Smedes Rose - Citi Chad Beynon - Macquarie Jonathan Jenkins - Oppenheimer Gregory Miller - Truist Securities Chris Woronka - Deutsche Bank Operator Good day and welcome to the Playa Hotels & Resorts Q1 2024 Earnings Conference Call. All participan ...

| --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------|-------| | | | | | | Playa Hotels & Resorts Overview May 2024 ©2024 Proprietary and Confidential. All Rights Reserved. | | This document contains information confidential and proprietary to Playa Hotels & Resorts N.V. ("Playa") and its affiliates. The information may not be used, disclosed or reproduced without the prior written authorization of Playa, and those so authorized ma ...

PART I. FINANCIAL INFORMATION This section details the company's unaudited financial statements, management's analysis, market risk disclosures, and internal controls for Q1 2024 [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents unaudited condensed consolidated financial statements, highlighting a 9.8% revenue increase to **$300.6 million** and a 27.2% net income rise to **$54.3 million** [Condensed Consolidated Financial Statements](index=3&type=section&id=Condensed%20Consolidated%20Financial%20Statements) The Q1 2024 financial statements show improved profitability and stable financial position, with total assets at **$1.95 billion** and net income at **$54.3 million** Condensed Consolidated Balance Sheets Highlights ($ in thousands) | | As of March 31, 2024 | As of December 31, 2023 | | :--- | :--- | :--- | | **Total assets** | $1,946,998 | $1,933,725 | | **Total liabilities** | $1,360,013 | $1,378,928 | | **Total shareholders' equity** | $586,985 | $554,797 | Condensed Consolidated Statements of Operations Highlights ($ in thousands) | | Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | | :--- | :--- | :--- | | **Total revenue** | $300,635 | $273,802 | | **Operating income** | $90,299 | $76,969 | | **Net income** | $54,341 | $42,719 | | **Diluted EPS** | $0.39 | $0.27 | Condensed Consolidated Statements of Cash Flows Highlights ($ in thousands) | | Three Months Ended March 31, 2024 | Three Months Ended March 31, 2023 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $56,777 | $45,287 | | **Net cash used in investing activities** | ($10,446) | ($2,352) | | **Net cash used in financing activities** | ($33,509) | ($45,415) | [Notes to the Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, geographic revenue, the **$12.0 million** Dutch Minimum Tax Act impact, share repurchases, and segment performance Geographic Segment Revenue ($ in thousands) | Geographic Segment | Q1 2024 Total Revenue ($ in thousands) | | :--- | :--- | | Yucatán Peninsula | $98,895 | | Pacific Coast | $45,554 | | Dominican Republic | $81,721 | | Jamaica | $68,736 | | Other | $5,729 | | **Total** | **$300,635** | - The adoption of the Dutch Minimum Tax Act 2024, effective January 1, 2024, resulted in an additional **$12.0 million** of income tax expense for the quarter, increasing the effective tax rate to **18.1%** from **10.1%** in the prior-year period[40](index=40&type=chunk) - During Q1 2024, the company repurchased **3,621,127** ordinary shares at an average price of **$8.98** per share. As of March 31, 2024, approximately **$163.9 million** remained available under the share repurchase program[51](index=51&type=chunk) Owned Resort EBITDA by Segment ($ in thousands) | Segment | Q1 2024 Owned Resort EBITDA ($ in thousands) | Q1 2023 Owned Resort EBITDA ($ in thousands) | | :--- | :--- | :--- | | Yucatán Peninsula | $40,053 | $37,936 | | Pacific Coast | $19,141 | $17,523 | | Dominican Republic | $37,770 | $26,849 | | Jamaica | $27,076 | $27,081 | | **Total Segment** | **$124,040** | **$109,389** | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses strong Q1 2024 performance, highlighting a 9.8% revenue increase to **$300.6 million** and a 15.2% rise in Adjusted EBITDA to **$113.5 million**, driven by occupancy gains [Overview and Key Performance Indicators](index=26&type=section&id=Overview%20and%20Key%20Performance%20Indicators) The company's 24-resort portfolio showed significant Q1 2024 performance improvement, with Net Package RevPAR up **20.2%** to **$427.17**, driven by a **14.3 percentage point** occupancy increase - As of March 31, 2024, Playa's portfolio consists of **24** resorts (**9,027** rooms) located in Mexico, Jamaica, and the Dominican Republic[87](index=87&type=chunk)[90](index=90&type=chunk) Total Portfolio Key Performance Indicators | Metric (Total Portfolio) | Q1 2024 | Q1 2023 | % Change | | :--- | :--- | :--- | :--- | | Occupancy | 85.1% | 70.8% | +20.2% | | Net Package ADR | $502.12 | $501.64 | +0.1% | | Net Package RevPAR | $427.17 | $355.27 | +20.2% | | Adjusted EBITDA | $113.5M | $98.5M | +15.2% | - The comparable portfolio (excluding Jewel Palm Beach and the sold Jewel Punta Cana) saw a **7.8%** increase in Net Package RevPAR, driven by a **2.6 percentage point** increase in occupancy and a **4.4%** increase in Net Package ADR[93](index=93&type=chunk)[95](index=95&type=chunk) [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Q1 2024 total revenue increased **9.8%** to **$300.6 million**, with interest expense down **22.0%** and income tax provision up due to the Dutch Minimum Tax Act Key Income Statement Line Items ($ in thousands) | Line Item | Q1 2024 ($ in thousands) | Q1 2023 ($ in thousands) | % Change | | :--- | :--- | :--- | :--- | | Total revenue | $300,635 | $273,802 | 9.8% | | Direct expenses | $137,979 | $128,968 | 7.0% | | SG&A | $51,219 | $45,127 | 13.5% | | Operating income | $90,299 | $76,969 | 17.3% | | Net income | $54,341 | $42,719 | 27.2% | - Interest expense decreased by **$6.5 million** (**22.0%**) YoY, primarily due to a **$6.3 million** favorable change in the fair value of prior LIBOR-based interest rate swaps that was recognized in Q1 2023[104](index=104&type=chunk) - The income tax provision increased by **$7.2 million**, primarily driven by a **$12.0 million** tax expense incurred in the Netherlands under the new Dutch Minimum Tax Act 2024[106](index=106&type=chunk) [Segment Results](index=39&type=section&id=Segment%20Results) All geographic segments reported Owned Net Revenue growth, led by the Dominican Republic with an **18.7%** increase, while Mexican segments faced margin pressure from Mexican Peso appreciation - The Yucatán Peninsula segment's Owned Net Revenue grew **8.2%** to **$96.0 million**, but its EBITDA margin contracted by **100 basis points** to **41.7%**, negatively impacted by **340 basis points** due to the appreciation of the Mexican Peso[136](index=136&type=chunk)[137](index=137&type=chunk) - The Pacific Coast segment's Owned Net Revenue increased **9.3%** to **$44.3 million**. Its EBITDA margin was also negatively impacted by **330 basis points** due to the strong Mexican Peso[138](index=138&type=chunk)[139](index=139&type=chunk) - The Dominican Republic segment's Owned Net Revenue grew **18.7%** to **$81.6 million**, and its Owned Resort EBITDA surged **40.7%** to **$37.8 million**, expanding the EBITDA margin by **730 basis points** to **46.3%**[140](index=140&type=chunk) - The Jamaica segment's Owned Net Revenue increased **2.6%** to **$64.6 million**, but Owned Resort EBITDA was flat. The EBITDA margin decreased by **110 basis points** to **41.9%**, driven by a **19.7%** decrease in Net Non-package Revenue and higher labor costs[144](index=144&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained strong liquidity in Q1 2024 with **$285.3 million** cash and a **$225.0 million** credit facility, supported by **$56.8 million** in operating cash flow - As of March 31, 2024, the company had **$285.3 million** of available cash and **$225.0 million** available on its Revolving Credit Facility[149](index=149&type=chunk)[150](index=150&type=chunk) Cash Flow Activities ($ in thousands) | Cash Flow Activity ($ in thousands) | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net cash provided by operating activities | $56,777 | $45,287 | | Net cash used in investing activities | ($10,446) | ($2,352) | | Net cash used in financing activities | ($33,509) | ($45,415) | - The company estimates capital expenditures for 2024 will be between **$110.0 million** and **$120.0 million**, reflecting accelerated renovations at the Hyatt Ziva Los Cabos[152](index=152&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=49&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risks are interest rate fluctuations on its **51%** floating-rate debt and foreign currency movements, mitigated by swaps and hedging **50%** of Mexican Peso operating expenses - As of March 31, 2024, **51%** of the company's outstanding debt bore interest at floating rates. A hypothetical **1.0%** increase in market interest rates would decrease future earnings and cash flows by approximately **$5.5 million** annually[171](index=171&type=chunk)[174](index=174&type=chunk) - Approximately **71.5%** of resort-level operating expenses are denominated in local currencies. The company uses foreign currency forward contracts to hedge **50%** of its estimated Mexican Peso operating expenses. A **5%** adverse change in FX rates would have an estimated negative impact of **$4.6 million** on year-to-date Owned Resort EBITDA across its key operating currencies[173](index=173&type=chunk)[175](index=175&type=chunk) [Item 4. Controls and Procedures](index=50&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2024, with no material changes to internal control over financial reporting during Q1 2024 - The company's Principal Executive Officer and Principal Financial Officer concluded that disclosure controls and procedures were effective as of March 31, 2024[176](index=176&type=chunk) - There were no changes in internal control over financial reporting during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[177](index=177&type=chunk) PART II. OTHER INFORMATION This section covers other required disclosures, including no material legal proceedings or risk factor changes, details on **3.6 million** share repurchases, and no defaults or new trading plans [Item 1. Legal Proceedings & Item 1A. Risk Factors](index=51&type=section&id=Item%201.%20Legal%20Proceedings%20%26%20Item%201A.%20Risk%20Factors) The company is subject to ordinary course legal proceedings not expected to be material, with no material changes to risk factors previously disclosed in the 2023 Annual Report on Form 10-K - The company is not involved in any legal proceedings that are expected to have a material adverse effect on its financial condition or results of operations[179](index=179&type=chunk) - There have been no material changes from the risk factors previously disclosed in the Annual Report on Form 10-K for the year ended December 31, 2023[180](index=180&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section details the company's share repurchase activity, with **3,634,291** ordinary shares purchased at an average of **$8.97** per share, leaving **$163.9 million** available Share Repurchase Activity | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | Jan 1 - Jan 31, 2024 | 1,036,182 | $8.31 | | Feb 1 - Feb 29, 2024 | 1,002,025 | $8.72 | | Mar 1 - Mar 31, 2024 | 1,596,084 | $9.56 | | **Total** | **3,634,291** | **$8.97** | - As of March 31, 2024, approximately **$163.9 million** remained available for repurchase under the company's **$200.0 million** share repurchase program[183](index=183&type=chunk) [Other Items (Items 3, 4, 5, 6)](index=51&type=section&id=Other%20Items%20%28Items%203%2C%204%2C%205%2C%206%29) The company reports no defaults on senior securities, mine safety disclosures are not applicable, and no new Rule 10b5-1 trading arrangements were adopted or terminated by directors or officers - The company reports no defaults upon senior securities[184](index=184&type=chunk) - During the quarter, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement"[186](index=186&type=chunk)

Company Contact Ryan Hymel, EVP and Chief Financial Officer (571) 529-6113 Playa Hotels & Resorts N.V. Reports First Quarter 2024 Results Fairfax, VA, May 6, 2024 – Playa Hotels & Resorts N.V. (the "Company" or "Playa") (NASDAQ: PLYA) today announced results of operations for the three months ended March 31, 2024. Three Months Ended March 31, 2024 Results See "Definitions of Non-U.S. GAAP Measures and Operating Statistics" for a description of how we compute Adjusted Net Income/(Loss), Owned Resort EBITDA, ...

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Q4 2023 Earnings Call Transcript February 23, 2024 8:30 AM ET Company Participants Ryan Hymel - Executive Vice President and Chief Financial Officer Bruce Wardinski - Chairman & Chief Executive Officer Conference Call Participants Smedes Rose - Citi Shaun Kelley - Bank of America Chad Beynon - Macquarie Chris Woronka - Deutsche Bank Tyler Batory - Oppenheimer Operator Good morning, and welcome to the Playa Hotels & Resorts Fourth Quarter 2023 Earnings Release and Co ...

| --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------|-------| | | | | | | Playa Hotels & Resorts Overview February 2024 ©2024 Proprietary and Confidential. All Rights Reserved. | | Disclaimer Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ FORM 10-K _____________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. COMMISSION FILE NO. 001-38012 Playa Hotels & Resorts N.V. (Exact name of registrant as specified in its charte ...

Exhibit 99.1 Company Contact Ryan Hymel, EVP and Chief Financial Officer (571) 529-6113 Playa Hotels & Resorts N.V. Reports Fourth Quarter and Full Year 2023 Results Fairfax, VA, February 22, 2024 – Playa Hotels & Resorts N.V. (the "Company") (NASDAQ: PLYA) today announced results of operations for the three months and year ended December 31, 2023. Three Months Ended December 31, 2023 Results Page 1 ▪ Net Income was $1.0 million compared to a Net Loss of $14.3 million in 2022 ▪ Adjusted Net Income was $6.0 ...