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 quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. COMMISSION FILE NO. 1-38012 Playa Hotels & Resorts N.V. (Exact name of registrant as specified in i ...

Playa Hostels & Resorts N.V. (NASDAQ:PLYA) Q2 2022 Earnings Conference Call August 5, 2022 11:00 PM ET Company Participants Bruce Wardinski - Chairman & CEO Ryan Hymel - EVP & CFO Conference Call Participants Patrick Scholes - Truist Securities Shaun Kelley - Bank of America Chris Woronka - Deutsche Bank Tyler Batory - Oppenheimer Chad Beynon - Macquarie Operator Good morning, and welcome to the Playa Hotels & Resorts Second Quarter Earnings Conference Call. All participants will be in listen-only mode. [Op ...

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements) Unaudited condensed consolidated financial statements for Playa Hotels & Resorts N.V. reflect a significant recovery from net loss to net income [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of June 30, 2022, shows an increase in total assets to **$2.10 billion** from **$2.06 billion** at year-end 2021, primarily driven by a rise in cash and cash equivalents Condensed Consolidated Balance Sheet Highlights ($ in thousands) | Account | June 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $348,797 | $270,088 | | Property and equipment, net | $1,558,236 | $1,584,574 | | **Total assets** | **$2,102,589** | **$2,057,576** | | **Liabilities & Equity** | | | | Debt | $915,401 | $944,847 | | Related party debt | $195,860 | $194,472 | | **Total liabilities** | **$1,386,747** | **$1,426,742** | | **Total shareholders' equity** | **$715,842** | **$630,834** | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company reported a significant turnaround in profitability, with total revenue growing 71.8% year-over-year to **$221.3 million** in Q2 2022, resulting in a net income of **$30.5 million** Statement of Operations Highlights ($ in thousands, except per share data) | Metric | Q2 2022 | Q2 2021 | H1 2022 | H1 2021 | | :--- | :--- | :--- | :--- | :--- | | Total Revenue | $221,267 | $128,803 | $440,841 | $206,549 | | Operating Income (Loss) | $38,947 | $(642) | $92,990 | $(53,465) | | Net Income (Loss) | $30,525 | $(7,768) | $73,272 | $(77,513) | | Diluted EPS | $0.18 | $(0.05) | $0.44 | $(0.48) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities was **$97.3 million** for the six months ended June 30, 2022, a significant improvement from the **$13.6 million** used in the prior year period Cash Flow Summary for Six Months Ended June 30 ($ in thousands) | Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $97,301 | $(13,578) | | Net cash (used in) provided by investing activities | $(11,970) | $80,560 | | Net cash (used in) provided by financing activities | $(30,111) | $23,520 | | **Increase in cash, cash equivalents, and restricted cash** | **$55,220** | **$90,502** | - The significant cash provided by investing activities in H1 2021 (**$80.6 million**) was primarily due to **$89.1 million** in proceeds from the sale of assets, namely the Dreams Puerto Aventuras and Capri Resort[22](index=22&type=chunk)[222](index=222&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Detailed notes support the financial statements, disclosing revenue disaggregation, debt structure, and significant segment performance improvements - The company owns and/or manages a portfolio of **22 resorts** (**8,366 rooms**) in Mexico, the Dominican Republic, and Jamaica[26](index=26&type=chunk)[92](index=92&type=chunk) Total Revenue by Geographic Segment - Six Months Ended June 30 ($ in thousands) | Segment | 2022 | 2021 | | :--- | :--- | :--- | | Yucatán Peninsula | $142,366 | $81,209 | | Pacific Coast | $64,248 | $30,102 | | Dominican Republic | $134,616 | $54,817 | | Jamaica | $94,208 | $38,830 | - As of June 30, 2022, total net debt was **$1.11 billion**, down from **$1.14 billion** at year-end 2021. The company was in compliance with all debt covenants[59](index=59&type=chunk)[60](index=60&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the significant operational and financial recovery in H1 2022, driven by increased demand and improved liquidity, while addressing market risks [Overview and Portfolio](index=29&type=section&id=Overview%20and%20Portfolio) Playa is a leading owner and operator of **22** all-inclusive resorts (**8,366 rooms**) in Mexico, Jamaica, and the Dominican Republic, leveraging brand partnerships for significant Q2 2022 improvements - As of June 30, 2022, Playa owned and/or managed **22 resorts** with **8,366 rooms** across Mexico, Jamaica, and the Dominican Republic[92](index=92&type=chunk) Key Performance Highlights - Q2 2022 vs Q2 2021 ($ in millions) | Metric | Q2 2022 | Q2 2021 | | :--- | :--- | :--- | | Net Income (Loss) | $30.5 | $(7.8) | | Total Revenue | $221.3 | $128.8 | | Adjusted EBITDA | $61.7 | $22.9 | [Results of Operations](index=32&type=section&id=Results%20of%20Operations) The company's financial performance improved dramatically in H1 2022, with Total Net Revenue increasing **72.1%** in Q2 and **114.0%** in H1, driven by higher Occupancy and Net Package ADR Total Portfolio Performance - Q2 2022 vs Q2 2021 | Metric | Q2 2022 | Q2 2021 | % Change | | :--- | :--- | :--- | :--- | | Occupancy | 75.1% | 49.9% | +25.2 pts | | Net Package ADR | $361.29 | $302.71 | +19.4% | | Net Package RevPAR | $271.40 | $150.98 | +79.8% | | Adjusted EBITDA | $61,704k | $22,915k | +169.3% | Total Portfolio Performance - H1 2022 vs H1 2021 | Metric | H1 2022 | H1 2021 | % Change | | :--- | :--- | :--- | :--- | | Occupancy | 73.7% | 40.7% | +33.0 pts | | Net Package ADR | $374.35 | $297.31 | +25.9% | | Net Package RevPAR | $276.06 | $121.05 | +128.1% | | Adjusted EBITDA | $138,647k | $20,410k | +579.3% | - Interest expense decreased by **32.0%** in Q2 2022 and **40.6%** in H1 2022, primarily due to benefits from the change in fair value of interest rate swaps[112](index=112&type=chunk)[130](index=130&type=chunk) [Segment Results](index=47&type=section&id=Segment%20Results) All geographic segments demonstrated strong year-over-year growth in Q2 and H1 2022, with the Dominican Republic and Jamaica showing particularly significant Owned Resort EBITDA increases Owned Resort EBITDA by Segment - Q2 2022 vs Q2 2021 ($ in thousands) | Segment | Q2 2022 | Q2 2021 | % Change | | :--- | :--- | :--- | :--- | | Yucatán Peninsula | $25,974 | $13,022 | +99.5% | | Pacific Coast | $13,910 | $7,078 | +96.5% | | Dominican Republic | $20,747 | $7,926 | +161.8% | | Jamaica | $12,142 | $4,072 | +198.2% | Owned Resort EBITDA by Segment - H1 2022 vs H1 2021 ($ in thousands) | Segment | H1 2022 | H1 2021 | % Change | | :--- | :--- | :--- | :--- | | Yucatán Peninsula | $55,432 | $20,196 | +174.5% | | Pacific Coast | $26,454 | $7,563 | +249.8% | | Dominican Republic | $49,124 | $9,592 | +412.1% | | Jamaica | $29,300 | $1,292 | +2,167.8% | - The Dominican Republic segment's performance was boosted by the premium-positioned Hyatt Ziva and Hyatt Zilara Cap Cana resorts, but weighed down by two externally managed properties that lagged in rate gains and margins[172](index=172&type=chunk)[175](index=175&type=chunk) [Liquidity and Capital Resources](index=58&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity position strengthened significantly, with available cash increasing to **$348.8 million** as of June 30, 2022, driven by strong cash from operations - Available cash increased to **$348.8 million** as of June 30, 2022[208](index=208&type=chunk) - Net cash provided by operating activities was **$97.3 million** for the first six months of 2022, compared to a use of **$13.6 million** in the prior year period[220](index=220&type=chunk) - A restricted cash balance of **$23.5 million** related to the Property Loan was released into unrestricted cash in Q2 2022[210](index=210&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=61&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to interest rate risk, with **88%** of its debt at fixed rates, and foreign currency risk, as **75.9%** of resort-level operating expenses are in local currencies - As of June 30, 2022, **88%** of the company's outstanding debt bore fixed interest rates, with the remaining **12%** at floating rates[230](index=230&type=chunk) - A **1.0%** increase in market interest rates would decrease future earnings and cash flows by approximately **$1.8 million** annually on the floating rate debt[235](index=235&type=chunk) - The company is exposed to foreign currency risk, with about **75.9%** of H1 2022 resort-level operating expenses denominated in Mexican Pesos, Dominican Pesos, and Jamaican Dollars. No currency hedges are currently in place[232](index=232&type=chunk)[233](index=233&type=chunk) [Item 4. Controls and Procedures](index=62&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2022, with no material changes in internal control over financial reporting - The Principal Executive Officer and Principal Financial Officer concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[234](index=234&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[235](index=235&type=chunk) [PART II. OTHER INFORMATION](index=64&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=64&type=section&id=Item%201.%20Legal%20Proceedings) The company is subject to various claims and administrative proceedings in the ordinary course of business, none of which are believed to be material - The company reports no material legal proceedings that would be expected to have a material adverse effect on its financial condition, cash flows, or results of operations[237](index=237&type=chunk) [Item 1A. Risk Factors](index=64&type=section&id=Item%201A.%20Risk%20Factors) This section supplements existing risk factors with a new disclosure concerning the Russia-Ukraine conflict, highlighting potential negative impacts on global macroeconomic conditions - A new risk factor was added regarding the Russia-Ukraine conflict, highlighting potential negative impacts on macroeconomic conditions, consumer spending, utility prices, and supply chains[239](index=239&type=chunk)[240](index=240&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=64&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities during the period - None[241](index=241&type=chunk) [Item 3. Defaults Upon Senior Securities](index=64&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) There were no defaults upon senior securities during the period - None[242](index=242&type=chunk) [Item 4. Mine Safety Disclosures](index=64&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[243](index=243&type=chunk) [Item 5. Other Information](index=64&type=section&id=Item%205.%20Other%20Information) There was no other information to report for the period - None[244](index=244&type=chunk) [Item 6. Exhibits](index=65&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL interactive data files - The exhibits filed include certifications from the CEO and CFO as required by the Sarbanes-Oxley Act (Sections 302 and 906) and XBRL data files[246](index=246&type=chunk)

Financial Data and Key Metrics Changes - The first quarter results exceeded expectations despite the impact of the Omicron variant, with a significant increase in bookings and revenue [4][10] - Playa's owned and managed revenue for the third quarter is pacing up 37% year-over-year and over 70% compared to 2019 [4] - The fourth quarter is pacing up 23% year-over-year and nearly 70% higher versus 2019 [4] Business Line Data and Key Metrics Changes - The Dominican Republic saw the largest sequential occupancy improvement, driven by the return of European guests [12] - The MICE business is pacing at two times pre-pandemic levels for the upcoming year, contributing positively to revenue [8][22] - Jamaica experienced the largest sequential improvement in occupancy during Q1, largely driven by group business [15] Market Data and Key Metrics Changes - U.S. sourcing increased approximately 10 percentage points compared to Q1 2019, now accounting for 67% of managed room nights [18] - European guest mix increased by 6 percentage points, while Canadian and Asian customer mixes remain significantly depressed [19] - The overall booking window has exceeded pre-pandemic lead times for the comparable period [19] Company Strategy and Development Direction - The company aims to increase direct bookings to at least 50% by 2023, with 42.4% of managed room nights booked directly in Q1 2022 [17] - The focus remains on maintaining high ADRs while improving customer experience and resort EBITDA margins [11][24] - The company is optimistic about M&A opportunities and management contracts, leveraging strong performance to attract interest from institutional owners [52][54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about ongoing recovery and the potential for higher demand levels as customer segments fully recover [9][28] - The company anticipates a similar degree of inflation in the first half of 2022 as experienced in the second half of 2021, but does not expect severe cost pressures [25][60] - Future ADR growth is expected to be high single-digit year-over-year, with occupancy in the mid-70s for the second half of 2022 [27] Other Important Information - The company finished the quarter with a total unrestricted cash balance of just under $300 million and no outstanding borrowings on a revolving credit facility [20] - The introduction of the Wyndham Alltra brand has been positively received, with plans for potential expansion [69][70] Q&A Session All Questions and Answers Question: Clarification on ADR growth for Q2 - Management confirmed that Q2 ADR is expected to be nearly 40% higher than Q2 2019 ADR, which is close to Q1 levels [31][32] Question: Impact of Jamaica's recovery on overall performance - Management estimated Jamaica's recovery could represent a $69 million drag on EBITDA for Q1 due to occupancy and ADR impacts [34][35] Question: Supply landscape outlook in Cancun and DR - Management noted that while new supply is coming in, it is not expected to significantly impact existing properties due to the unique nature of the all-inclusive market [37][38] Question: Customer mix and rate strategy - Management emphasized a focus on maintaining rates rather than occupancy, with a significant increase in U.S. customers and a shift in customer demographics [45][49] Question: M&A activity outlook - Management expressed optimism about potential M&A activity and opportunities for management contracts, driven by strong performance and interest from institutional investors [52][54] Question: Margin outlook for the second half of the year - Management indicated that margins are expected to be flat compared to 2021, with high single-digit ADR growth anticipated [78][79] Question: Customer experience and new guests - Management confirmed an increase in first-time all-inclusive guests, driven by pandemic-related travel restrictions and a desire for safe travel options [84][86]

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 quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. COMMISSION FILE NO. 1-38012 Playa Hotels & Resorts N.V. (Exact name of registrant as specified in its c ...

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Q4 2021 Earnings Conference Call February 25, 2022 12:00 PM ET Company Participants Ryan Hymel - EVP & Chief Financial Officer Bruce Wardinski - Chairman and Chief Executive Officer Conference Call Participants Chris Woronka - Deutsche Bank Shaun Kelley - Bank of America Chad Beynon - Macquarie Smedes Rose - Citi Tyler Batory - Janney Patrick Scholes - Truist Operator Good day, and welcome to the Playa Hotels' & Resorts Fourth Quarter 2021 Earnings Conference Call. ...

Playa Hotels & Resorts Overview February 2022 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 may only use the information for the purpose of its evaluation consistent with authorization. Reproduction of any section of this document must include this legend. Forward-Looking Statements This presentation ...

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, 2021 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 ...

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Q3 2021 Earnings Conference Call November 4, 2021 12:00 PM ET Company Participants Ryan Hymel – Executive Vice President and Chief Financial Officer Bruce Wardinski – Chairman and Chief Executive Officer Conference Call Participants Chris Woronka – Deutsche Bank Shaun Kelley – Bank of America Chad Beynon – Macquarie Tyler Batory – Janney Patrick Scholes – Truist Securities Smedes Rose – Citi Operator Good day, and welcome to the Playa Hotels’ Third Quarter 2021 Earn ...

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 quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. COMMISSION FILE NO. 1-38012 Playa Hotels & Resorts N.V. (Exact name of registrant as specified in i ...