[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section presents the company's financial statements, management's analysis of performance and condition, market risk disclosures, and internal controls for the period ended June 30, 2020 [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The company's financial statements for the period ending June 30, 2020, reflect a severe negative impact from the COVID-19 pandemic, leading to a dramatic decline in revenue, a significant net loss of **$110.0 million** for the first six months, and negative cash flow from operations Condensed Consolidated Balance Sheet Highlights | Balance Sheet Item | June 30, 2020 ($ in thousands) | Dec 31, 2019 ($ in thousands) | Change | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | 251,022 | 20,931 | +1,099% | | Total assets | 2,267,264 | 2,196,964 | +3.2% | | Debt | 1,251,877 | 1,040,658 | +20.3% | | Total liabilities | 1,556,706 | 1,387,313 | +12.2% | | Total shareholders' equity | 710,558 | 809,651 | -12.2% | Condensed Consolidated Statement of Operations Highlights | Metric | Three Months Ended June 30, 2020 ($ in thousands) | Three Months Ended June 30, 2019 ($ in thousands) | Six Months Ended June 30, 2020 ($ in thousands) | Six Months Ended June 30, 2019 ($ in thousands) | | :--- | :--- | :--- | :--- | :--- | | Total revenue | 982 | 164,023 | 178,210 | 359,819 | | Operating (loss) income | (86,042) | 10,334 | (82,626) | 57,571 | | Net (loss) income | (87,458) | 1,040 | (110,014) | 44,028 | | (Losses) earnings per share - Diluted | (0.67) | 0.01 | (0.85) | 0.34 | Condensed Consolidated Statement of Cash Flows Highlights (Six Months Ended) | Cash Flow Activity | June 30, 2020 ($ in thousands) | June 30, 2019 ($ in thousands) | | :--- | :--- | :--- | | Net cash (used in) provided by operating activities | (28,396) | 86,076 | | Net cash provided by (used in) investing activities | 58,862 | (88,947) | | Net cash provided by (used in) financing activities | 227,544 | (8,972) | | **Increase (Decrease) in Cash** | **258,010** | **(11,843)** | [Notes to the Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the severe impact of COVID-19, leading to the suspension of all 21 resorts from March to June 2020, prompting the sale of two resorts for **$60.0 million**, **$224.0 million** in new debt and equity, and a **$41.5 million** total impairment charge - Due to the COVID-19 pandemic, all of the company's 21 resorts temporarily suspended operations from late March through June 2020, with reopening beginning in stages on July 1, 2020, and 12 of 21 resorts open as of the report date[26](index=26&type=chunk) - To improve liquidity, the company sold two Jewel brand resorts for **$60.0 million**, raised additional capital through equity and debt, amended its Senior Secured Credit Facility to waive financial covenants until September 30, 2021, and significantly reduced staffing and capital expenditures[29](index=29&type=chunk)[41](index=41&type=chunk) - On June 12, 2020, the company entered into new debt agreements, including an Additional Credit Facility for **$94.0 million** and a Property Loan for **$110.0 million**, to bolster its financial position[76](index=76&type=chunk)[77](index=77&type=chunk)[81](index=81&type=chunk) - The company recognized a **$25.3 million** impairment loss on the Jewel Dunn's River and Jewel Runaway Bay resorts upon their classification as held for sale, with an additional **$16.2 million** goodwill impairment recorded in Q1 2020 due to decreased future cash flow forecasts caused by COVID-19[41](index=41&type=chunk)[99](index=99&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=30&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the unprecedented impact of the COVID-19 pandemic, causing a **99.4%** Q2 2020 revenue decrease, a **$87.5 million** net loss, and an Adjusted EBITDA loss of **$31.4 million**, while detailing liquidity preservation actions including **$224.0 million** in new capital and **$60.0 million** from resort sales [Impact of COVID-19 Pandemic and Overview](index=31&type=section&id=Impact%20of%20COVID-19%20Pandemic%20and%20Overview) The COVID-19 pandemic forced temporary suspension of all 21 resorts, causing near-total Q2 revenue loss, prompting **$224.0 million** in additional capital, **$60.0 million** from resort sales, and significant cost reductions to mitigate liquidity impact - All company resorts were temporarily closed from late March 2020 until July 1, 2020, due to the COVID-19 pandemic, with 12 out of 21 resorts having reopened as of the report date[127](index=127&type=chunk)[128](index=128&type=chunk) - To manage liquidity during the shutdown, the company raised **$224.0 million** in new debt and equity financing, sold two resorts for **$60.0 million**, borrowed an additional **$40.0 million** under its Revolving Credit Facility, and deferred all non-critical capital expenditures for 2020[129](index=129&type=chunk) [Results of Operations](index=36&type=section&id=Results%20of%20Operations) Q2 2020 total revenue plummeted **99.4%** to **$1.0 million**, resulting in an **$87.5 million** net loss, while H1 revenue fell **50.5%** to **$178.2 million** with a **$110.0 million** net loss, driven by resort closures, significant impairment losses, and increased interest expense Q2 2020 vs Q2 2019 Performance (Total Portfolio) | Metric | Q2 2020 | Q2 2019 | % Change | | :--- | :--- | :--- | :--- | | Occupancy | — % | 79.8% | (100.0)% | | Net Package RevPAR | $ — | $205.55 | (100.0)% | | Total Net Revenue | $0.5M | $155.5M | (99.7)% | | Adjusted EBITDA | $(31.4)M | $40.1M | (178.4)% | H1 2020 vs H1 2019 Performance (Total Portfolio) | Metric | H1 2020 | H1 2019 | % Change | | :--- | :--- | :--- | :--- | | Occupancy | 33.6% | 79.9% | (57.9)% | | Net Package RevPAR | $100.01 | $225.37 | (55.6)% | | Total Net Revenue | $171.7M | $344.4M | (50.1)% | | Adjusted EBITDA | $18.9M | $114.8M | (83.5)% | - Impairment losses for H1 2020 totaled **$41.4 million**, driven by a **$25.3 million** charge on two resorts classified as held for sale and a **$16.2 million** goodwill impairment due to reduced cash flow forecasts from COVID-19[174](index=174&type=chunk)[154](index=154&type=chunk) - Interest expense for Q2 2020 increased by **$10.3 million (96.1%)** YoY, primarily due to a **$5.9 million** charge from the change in fair value of interest rate swaps which became ineffective in March 2020[155](index=155&type=chunk) [Segment Results](index=51&type=section&id=Segment%20Results) All geographic segments experienced near-total revenue collapse and significant EBITDA losses in Q2 2020 due to system-wide resort closures, with H1 EBITDA seeing dramatic year-over-year declines ranging from **68% to 84%** across segments Owned Resort EBITDA by Segment (Three Months Ended June 30) | Segment | 2020 ($ in thousands) | 2019 ($ in thousands) | % Change | | :--- | :--- | :--- | :--- | | Yucatán Peninsula | (8,004) | 21,151 | (137.8)% | | Pacific Coast | (2,816) | 8,569 | (132.9)% | | Dominican Republic | (4,881) | 5,043 | (196.8)% | | Jamaica | (8,097) | 14,631 | (155.3)% | | **Total Segment** | **(23,798)** | **49,394** | **(148.2)%** | Owned Resort EBITDA by Segment (Six Months Ended June 30) | Segment | 2020 ($ in thousands) | 2019 ($ in thousands) | % Change | | :--- | :--- | :--- | :--- | | Yucatán Peninsula | 16,931 | 53,310 | (68.2)% | | Pacific Coast | 6,056 | 20,956 | (71.1)% | | Dominican Republic | 2,908 | 18,506 | (84.3)% | | Jamaica | 10,976 | 38,979 | (71.8)% | | **Total Segment** | **36,871** | **131,751** | **(72.0)%** | [Liquidity and Capital Resources](index=61&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity was severely impacted by the pandemic, with operating cash flow turning negative to **($28.4) million** for H1 2020, addressed by raising **$224.0 million** in new capital, selling two resorts for **$60.0 million**, and ending the quarter with **$251.0 million** in cash - As of July 31, 2020, the company had approximately **$228.0 million** of available cash, excluding **$25.7 million** of restricted cash[239](index=239&type=chunk) - On June 12, 2020, the company raised **$224.0 million** of additional capital through **$204.0 million** in debt financing and **$20.0 million** in equity financing[241](index=241&type=chunk) - The share repurchase program has been suspended to preserve cash, with approximately **$83.5 million** remaining under the authorization as of June 30, 2020[252](index=252&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=66&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to interest rate risk, with **23%** of debt at floating rates, where a **1.0%** increase would raise annual interest expense by approximately **$1.2 million**, and foreign currency risk due to **81.1%** of operating expenses being denominated in local currencies - As of June 30, 2020, **23%** of the company's debt bore floating interest rates, where a hypothetical **1.0%** increase in market rates would increase annual interest expense by approximately **$1.2 million**[275](index=275&type=chunk) - Approximately **81.1%** of operating expenses for H1 2020 were denominated in local currencies (Mexican Peso, Dominican Peso, Jamaican Dollar), creating exposure to foreign currency risk[277](index=277&type=chunk) [Controls and Procedures](index=67&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of June 30, 2020, with no material changes to internal control over financial reporting during the quarter - The Principal Executive Officer and Principal Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2020[280](index=280&type=chunk) [PART II. OTHER INFORMATION](index=68&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section details additional information including new risk factors related to the COVID-19 pandemic and the unregistered sale of equity securities [Risk Factors](index=68&type=section&id=Item%201A.%20Risk%20Factors) This section adds a significant risk factor detailing the material adverse effects of the COVID-19 pandemic, highlighting the unprecedented impact on the hospitality industry, resort closures, revenue loss, and the need to service substantial debt with severely reduced cash flow - A new, detailed risk factor was added to address the significant material adverse effects of the COVID-19 pandemic on the business, including resort closures, revenue loss, and uncertainty about the recovery of travel demand[285](index=285&type=chunk)[286](index=286&type=chunk) - Specific risks highlighted include the ability to service substantial debt with reduced cash flow, reliance on the recovery of commercial airline service, potential for non-cash impairment charges, and risks related to employee matters following terminations and furloughs[288](index=288&type=chunk)[294](index=294&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=69&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) On June 12, 2020, the company sold **4,878,049** ordinary shares in a private placement for **$20.0 million** at **$4.10** per share to affiliates of Davidson Kempner Capital Management LP, exempt from registration under the Securities Act - On June 12, 2020, the company sold **4,878,049** ordinary shares in a private placement for an aggregate price of **$20.0 million** (**$4.10** per share)[289](index=289&type=chunk)

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) Q1 2020 Results Conference Call May 12, 2020 11:00 AM ET Company Participants Ryan Hymel - EVP and CFO Bruce Wardinski - Chairman and CEO Conference Call Participants Chris Woronka - Deutsche Bank Tyler Batory - Janney Capital Markets Smedes Rose - Citi Operator Ladies and gentlemen, thank you for standing by and welcome to the Playa Hotels & Resorts First Quarter Earnings Call. At this time all participants lines in a listen-only mode. After the speakers' presentat ...

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, 2020 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 ...

Financial Supplement – Three Months and Year Ended December 31, 2019 February 28th, 2020 Forward-Looking Statements This press release contains ''forward-looking statements,'' as defined by federal securities laws. Forward-looking statements reflect Playa's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "co ...

Financial Data and Key Metrics Changes - The fourth quarter adjusted EBITDA was $20 million, representing a 46% decrease compared to the previous year [33] - Comparable net package RevPAR decreased by 6% during the quarter, with a 130 basis point decline in occupancy and a 450 basis point decrease in rate [34] - For the full year 2019, adjusted EBITDA was $150.7 million, with comparable net package RevPAR declining by 3.4% [35] Business Line Data and Key Metrics Changes - In the Yucatán, comparable net package RevPAR declined a little over 1% in the quarter, driven by a 3.4% ADR decline [36] - The Pacific Coast saw a net package RevPAR decrease of 2.5%, with a 4.3% decrease in ADR [38] - In Jamaica, comparable net package RevPAR decreased by 5%, driven by a 6.2% decrease in ADR [39] Market Data and Key Metrics Changes - The Dominican Republic experienced a comparable net package RevPAR decrease of just under 30%, driven by a 13-point decrease in occupancy and a 14% decrease in ADR [42] - The European source business improved from 32% in Q1 to 46% in Q4, although at a lower package ADR [47] - The Asian source revenue was less than $9 million in 2019, with a 10% decline in current full-year Asian source pacing [28] Company Strategy and Development Direction - The company aims to increase direct bookings to at least 50% by 2023, with 25.4% of managed room nights being direct in Q4 2019, up 560 basis points year-over-year [11] - The company is focused on growing direct bookings and lowering customer acquisition costs through partnerships with globally recognized U.S. brands [12] - The company is investing in technology initiatives to improve customer experience and drive growth, including a new yield management system [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery in the Dominican Republic and the performance of new properties, despite ongoing challenges [61] - The company is giving a wider range for 2020 EBITDA guidance due to uncertainties related to the coronavirus and the recovery in the Dominican Republic [25] - Management noted that there are no confirmed cases of the coronavirus in key markets, and they are in constant contact with health organizations [27] Other Important Information - The company repurchased approximately 442,000 shares at an average price of $7.66 per share during the fourth quarter [24] - The company expects a sizable ramp in free cash flow generation as newly renovated properties come online [26] - The company has $21 million in cash on hand and $60 million in outstanding borrowings on its revolver as of year-end [52] Q&A Session Summary Question: Have you noticed any shifts recently in booking behavior related to the virus? - Management noted that close-in bookings have remained strong and they are not seeing significant changes in bookings or cancellations [73] Question: How do you balance share repurchase versus debt reduction? - Management indicated that proceeds from asset sales will initially focus on stock buybacks, but future asset sales may shift towards deleveraging [78] Question: Can you provide color on the travel makeup of your Asia Pacific customers? - Management clarified that the majority of Asian customers are honeymooners and families, not group tours [97]

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, 2019 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 ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q3 2019 was $15.8 million, a 39% decrease compared to the same period last year [21] - Comparable net package RevPAR decreased by 2.7% during the quarter, with a 160-basis-point decline in occupancy and a 70-basis-point decrease in rate [21] - Comparable net package RevPAR in the Dominican Republic decreased by 30.8%, driven by a 19.7-point decrease in occupancy and an 8% decrease in ADR [26] Business Line Data and Key Metrics Changes - In Jamaica, comparable net package RevPAR increased just under 8%, and property-level EBITDA increased by 30% [25] - The Pacific Coast saw a net package RevPAR increase of 9%, with owned-resort EBITDA increasing by 57% [23][24] - In the Yucatan, comparable net package RevPAR declined by 5.5%, with a 6.3% decline in ADR [22] Market Data and Key Metrics Changes - The Dominican Republic experienced a 30.8% drop in comparable RevPAR, with a significant impact on EBITDA margins [26][17] - Direct bookings increased significantly, with 23% of Playa-managed room nights being direct, up 620 basis points year-over-year [9] - European-sourced business improved from 32% in Q1 to 45% in August and September [31] Company Strategy and Development Direction - The company is focused on increasing direct bookings to at least 50% by 2023 and is investing in technology to enhance customer experience [9][12] - Strategic partnerships with globally recognized brands like Hilton and Hyatt are seen as key to driving high-value guests [10] - The company is exploring asset sales to unlock value while continuing operational initiatives to improve sales and profits [42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the Dominican Republic, despite slower-than-expected progress [19][41] - The company anticipates a sizable ramp in free cash flow generation in 2020 as newly renovated properties come online [12] - Management highlighted the importance of maintaining rate integrity to support long-term EBITDA growth [30] Other Important Information - The company repurchased approximately 846,000 shares at an average price of $7.54 per share during Q3 [18] - The impact of the Thomas Cook bankruptcy resulted in an $800,000 write-off [35] - The company expects net leverage to peak in the high 5s or low 6s during Q4 but to de-lever quickly in 2020 [37] Q&A Session Summary Question: Status of investigations in the Dominican Republic - Management noted that there is a lack of official information, but media reports indicate that the FBI concluded investigations without linking deaths to alcohol tainting [47] Question: Plans for non-managed properties in the Dominican Republic - Management indicated that they do not foresee shutting down non-managed properties, as they expect positive cash flow during the high season [50] Question: Stability in the Yucatan market - Management confirmed that Cancun is stabilizing, while Playa del Carmen remains softer due to ongoing renovations [53] Question: Return expectations for Hyatt Cap Cana - Management expects mid-teens EBITDA in the first year, with potential risks due to broader market conditions [58] Question: Impact of competitive discounting in the Dominican Republic - Management acknowledged the risk of competitive discounting but emphasized the strong performance of branded properties [60]

Playa Hotels & Resorts Overview 2019 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 may conta ...

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, 2019 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 Hotels & Resorts N.V. (NASDAQ:PLYA) Q2 2019 Results Conference Call August 7, 2019 9:00 AM ET Company Participants Ryan Hymel - Chief Financial Officer Bruce Wardinski - Chief Executive Officer Conference Call Participants Smedes Rose - Citi Chris Woronka - Deutsche Bank Patrick Scholes - SunTrust Tyler Batory - Janney Capital Brian Dobson - Nomura Operator Good morning. My name is Heidi, and I will be your conference operator today. At this time, I would like to welcome everyone to the Second Quarter ...