Financial Performance - Total revenue for 2022 was $1,127,311,000, a 122.1% increase from $507,340,000 in 2021[130]. - Net income attributable to Viad improved to $23,220,000 in 2022 from a net loss of $92,655,000 in 2021, marking a $115,875,000 improvement[130]. - Segment operating income for 2022 was $68,944,000, compared to a loss of $47,002,000 in 2021, reflecting a $115,946,000 increase[130]. - GES total revenue for 2022 was $827,984,000, a 158.5% increase from $320,292,000 in 2021[152]. - Segment operating income for GES improved to $44,913,000 in 2022, compared to an operating loss of $51,611,000 in 2021[152]. Visitor Statistics - Total visitors to Pursuit attractions reached 2,931,266 in 2022, a 92.4% increase from 1,523,173 in 2021[143]. - The increase in same-store visitors in 2022 was primarily driven by new attractions such as Sky Lagoon and FlyOver Las Vegas, contributing approximately 87% of the total increase[146]. - The number of visitors increased to 1,523,173 in 2021, a 75.2% increase compared to 2020[145]. Revenue Breakdown - Pursuit revenue increased by $112.3 million in 2022, driven by a nearly 90% increase in visitation at Canadian attractions[136]. - New experiences contributed $43.2 million in revenue during 2022, compared to $15.6 million in 2021[136]. - Hospitality revenue for 2022 was $130,303,000, up 31.8% from $98,878,000 in 2021[143]. - Ticket revenue reached $61,166,000 in 2021, up from $20,897,000 in 2020, reflecting significant growth[145]. Operational Metrics - RevPAR (Revenue per Available Room) for hospitality was $134.37 in 2022, a 32.3% increase from $99.57 in 2021[143]. - Revenue per attraction visitor rose to $51.12 in 2021, a 23.3% increase from $43.57 in 2020[145]. - RevPAR improved to $101.59 in 2021, a 49.3% increase compared to $70.89 in 2020[145]. - Average Daily Rate (ADR) increased to $187.99 in 2021, reflecting a 35.5% rise from $138.72 in 2020[145]. Expenses and Charges - Corporate activities expense increased to $13,418,000 in 2022, a 14.8% rise from $11,689,000 in 2021[158]. - Interest expense rose to $34,891,000 in 2022, a 23.2% increase from $28,324,000 in 2021 due to higher interest rates[161]. - Restructuring charges in 2022 amounted to $3.1 million, a decrease from $6.1 million in 2021 and $13.4 million in 2020, primarily related to facility closures and severance at GES[162]. - Impairment charges in 2022 were $0.6 million, significantly lower than the non-cash goodwill impairment of $185.8 million recorded in 2020 due to the COVID-19 pandemic[163]. Tax and Liquidity - The effective income tax rate for 2022 was 28.8%, up from 1.9% in 2021, primarily due to a higher mix of income earned in foreign jurisdictions[164]. - As of December 31, 2022, total available liquidity was $146.4 million, slightly down from $149.0 million in 2021, with unrestricted cash and cash equivalents at $59.7 million[166]. Cash Flow and Investments - Net cash provided by operating activities in 2022 was $73.4 million, a significant improvement of $111.3 million compared to a net cash used of $37.9 million in 2021[172][173]. - Net cash used in investing activities in 2022 was $63.3 million, an increase of $11.5 million from 2021, primarily due to the acquisition of Glacier Raft Company[176]. - Net cash used in financing activities in 2022 was $6.1 million, a decrease of $114.0 million compared to net cash provided of $107.9 million in 2021[178][179]. Future Plans and Capital Expenditures - Planned capital expenditures for 2023 are estimated to be between $75 million and $85 million, including approximately $40 million for growth projects[169]. - The company plans to continue expanding its offerings and enhancing customer experiences through new attractions and services[130]. Shareholder Information - As of December 31, 2022, 546,283 shares remained available for repurchase under the Board of Directors' authorization for share repurchases[183]. - Goodwill balance increased from $112.1 million as of December 31, 2021, to $121.4 million as of December 31, 2022, related to the Pursuit business[190]. Financial Risks and Hedging - A hypothetical 10% change in the Canadian dollar exchange rate would result in a change to 2022 operating income of approximately $3.2 million[211]. - A hypothetical 10% change in interest rates would result in a change to 2022 interest expense of approximately $4 million[213]. - An interest rate cap agreement was entered into on January 4, 2023, to hedge cash flows on $300 million of Term Loan B[214].

Financial Data and Key Metrics Changes - Consolidated revenue for Q4 2022 was $248 million, up 35% or $64.5 million year-over-year, driven by 46% growth at Pursuit and 34% growth at GES [11][19] - Net loss attributable to Viad was $5.7 million compared to a loss of $22.5 million in Q4 2021 [11] - Consolidated adjusted EBITDA improved to negative $2 million, an improvement of $1.8 million year-over-year [12] - Full year revenue more than doubled versus 2021, with consolidated adjusted EBITDA reaching $116.1 million, up from $1.3 million in 2021 [19] Business Line Data and Key Metrics Changes - Pursuit achieved record revenue in 2022, with a 60% increase year-over-year, reaching nearly $300 million [19] - GES delivered total revenue of $213.9 million in Q4, with adjusted EBITDA of $12.7 million, an increase of $3.1 million year-over-year [12][17] - Pursuit's Q4 revenue was $34.1 million, with same-store revenue growth of 32% [14] - GES exhibitions revenue grew 32.7% in Q4, reflecting strong recovery in live events [17] Market Data and Key Metrics Changes - Pursuit's attractions visits reached 85% of 2019 levels, with ticket revenue growing approximately 36% versus 2019 [29] - The company anticipates a gradual return of international visitors, particularly from Asia-Pacific markets, in 2023 [37] - Demand for Pursuit's Canadian experiences is strong, with early season bookings pacing ahead of 2022 [36] Company Strategy and Development Direction - The company is focused on scaling Pursuit and improving GES profitability through strategic initiatives like Refresh, Build, Buy [6][19] - Pursuit's strategy includes enhancing existing experiences and expanding new attractions, contributing significantly to revenue growth [27] - GES aims to maximize profitability and cash flows while navigating the recovery of the live event industry [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for continued growth in 2023, driven by fewer border restrictions and the recovery of international travel [8][36] - The company expects to see meaningful margin expansion in 2023, particularly in Pursuit, as pandemic-related cost pressures ease [40][59] - Management noted that they do not see signs of economic weakness affecting their business at this time [80][82] Other Important Information - An accounting error related to a finance lease obligation was identified, leading to an understatement of lease liability by $5 million [9] - The company ended Q4 with total liquidity of approximately $146 million, including $60 million in cash [22] Q&A Session Summary Question: Outlook for 2023 from early reservations - Management noted positive demand trends, with web traffic up 20% year-over-year and strong pacing in Alaska and Montana [69] Question: Show rotation and its impact - Management clarified that the show rotation is normal and expected based on non-annual events returning to the calendar [70] Question: Staffing levels and wage inflation - Management indicated they are close to fully staffing levels needed for current revenue and are seeing improvements in hiring metrics [71][72] Question: Details on show rotation and major exhibitions - Management provided insights on specific shows rotating in and out, including IMTS and MINExpo, and their expected impacts on revenue [75][76] Question: New attractions for 2023 - Management confirmed no new attractions are expected for 2023, but they anticipate higher performance due to increased international visitation [77] Question: Impact of macroeconomic factors - Management reported no signs of weakness in consumer spending or travel demand, with strong visitation trends continuing [80][82]

Viad Corp. (NYSE:VVI) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Carrie Long – Investor Relations Steve Moster – President and Chief Executive Officer and President-GES Ellen Ingersoll – Chief financial Officer Conference Call Participants Bryan Maher – B. Riley Tyler Batory – Oppenheimer Kartik Mehta – Northcoast Operator Good afternoon. My name is Austin and I will be your conference operator today. At this time, I would like to welcome everyone to the Viad Corp. Thi ...

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 number: 001-11015 Viad Corp (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

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Viad Corp. (NYSE:VVI) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Carrie Long – Investor Relations Steve Moster – President and Chief Executive Officer and President-GES Ellen Ingersoll – Chief Financial Officer David Barry – President-Pursuit Conference Call Participants Tyler Batory – Oppenheimer Kartik Mehta – Northcoast Research Bryan Maher – B. Riley Securities Barry Haimes – Sage Asset Management Operator Good afternoon. My name is Colby and I’ll be your conference ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ 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 number: 001-11015 Viad Corp (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) 70 ...

Financial Data and Key Metrics Changes - The company reported a net loss attributable to Viad improved by approximately $14 million compared to Q1 2021, with consolidated adjusted EBITDA also improving by the same amount [19] - GES finished the quarter with revenue at 59% of the 2019 first quarter, exceeding expectations of approximately 50% [17][18] - Pursuit achieved record first quarter revenue of $23.8 million, an increase of $14 million or 143% year-over-year, and surpassed pre-pandemic levels [20][39] Business Line Data and Key Metrics Changes - GES realized total revenue of $153.6 million in Q1, an increase of $134.4 million compared to Q1 2021, driven by increased live event activity [25] - Pursuit's same-store revenue increased by $8.9 million from Q1 2021, primarily due to stronger visitation at Canadian experiences [21] - GES Exhibitions generated $111.8 million in revenue with $2 million in EBITDA, benefiting from a faster recovery in trade show activity [83] Market Data and Key Metrics Changes - U.S. trade shows were approximately 73% of pre-pandemic scale on a same-show basis, marking the third consecutive quarter of improvement [9] - Corporate experiential budgets for 2022 are expected to be approximately 80% of 2019 levels among large corporate clients [10][104] - Pursuit's lodging assets are currently pacing ahead of 2019 levels, indicating strong demand for leisure travel [11] Company Strategy and Development Direction - The company is focused on a refresh, build, buy strategy to drive growth at Pursuit, including recent acquisitions and new experiences [11][35] - The rebranding of GES Brand Experiences to Spiro aims to capture more market share in the experiential marketing industry [14][15] - The company plans to prioritize investments that are counter-seasonal or immediately accretive to EBITDA [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in raising the full-year outlook due to better-than-expected financial performance and positive macro trends [9][107] - The company anticipates strong demand for leisure travel and a recovery in international visitation, which will contribute to margin expansion [71][112] - Management acknowledged inflationary pressures but expects to mitigate these through revenue management and pricing strategies [113][74] Other Important Information - The company ended Q1 with total liquidity of approximately $145 million, including $58 million in cash and $87 million available on its revolving credit facility [31] - Capital expenditures for Q1 totaled about $13 million, primarily at Pursuit, with expectations for full-year capital expenditures of approximately $75 million to $80 million [32][118] - The acquisition of Glacier Raft Company is expected to contribute between $9 million and $10 million of incremental revenue in 2022 [59] Q&A Session Summary Question: Can you discuss Pursuit's capacity for 2022? - Management indicated that certain dates are already sold out and expects a return to historical levels of demand for attractions and hospitality assets [132] Question: How does international demand typically develop? - Management noted that Western Europe and North America are traveling freely, and they expect a return to normalcy in international demand as borders are open [135]

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, 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 number: 001-11015 Viad Corp (Exact name of registrant as specified in its charter) Delaware 36-1169950 (State or other jurisdiction of in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Address of principal executive offices) (Zip Code) Delaware 36-1169950 (I.R.S. Employer Identification No.) 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 For the transition period from ____________ to ____________ Commission file number: 001-11015 Vi ...