Financial Data and Key Metrics Changes - The company reported significant revenue growth and strong cash flow, with increased returns in the U.K. market [6][8] - An initial £300 million share buyback was announced, alongside a £100 million dividend increase, reflecting confidence in the financial outlook [9][22] Business Line Data and Key Metrics Changes - In the U.K., record occupancy levels and strong RevPAR growth were achieved, outperforming the market [8][40] - In Germany, 51 hotels are now operational with 7,000 rooms in the pipeline, and the performance of 18 established hotels is in line with market expectations [7][8] Market Data and Key Metrics Changes - The U.K. hotel market has seen a structural shift with a material reduction in supply, coinciding with a recovery in demand [6][8] - The independent hotel sector in Germany has declined by about 5% compared to pre-pandemic levels, providing opportunities for growth [80][82] Company Strategy and Development Direction - The company aims to replicate its successful U.K. model in Germany, focusing on long-term returns of 10% to 14% [7][79] - There is a commitment to optimizing food and beverage performance as part of the overall guest experience [16][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the full-year outlook, supported by strong current trading and positive forward indicators [8][9] - The company is focused on maintaining profitability in the U.K. despite expected cost inflation, with a target to offset these costs through like-for-like sales growth [39][40] Other Important Information - The company has made a £1 billion commitment to the German market, indicating a strong belief in its long-term potential [7][79] - The recent acquisition in Germany includes six hotels and a freehold property in Vienna, which is seen as a strategic addition to the portfolio [32][34] Q&A Session All Questions and Answers Question: Organic room growth targets for U.K. and Germany - Management acknowledged that room growth next year will be slightly lower than in previous years but expressed confidence in the medium-term pipeline [13][14] Question: Food and beverage performance and ownership model - Management emphasized the importance of food and beverage to customer experience and indicated ongoing opportunities for optimization [16][18] Question: Share buyback and future capital allocation - Management confirmed that the capital allocation framework will guide future decisions on buybacks and investments, without committing to specific amounts [22][23] Question: Recent acquisition details and future opportunities - The acquisition in Germany was described as a strategic move, with potential for more acquisitions as the market evolves [32][33] Question: Demand outlook and maintaining U.K. profit - Management indicated strong demand in both leisure and business segments, with expectations to maintain U.K. profitability despite cost pressures [35][40] Question: Pricing strategy and elasticity of demand - Management noted that the company is well-positioned in the value space, with room for further pricing adjustments while maintaining strong occupancy [88][90]

Financial Data and Key Metrics Changes - The overall performance in the first half was outstanding, with revenues and profits exceeding pre-pandemic levels [3] - The company has returned to paying dividends, with a half-year dividend of 24.4 pence per share to be paid in December [11] Business Line Data and Key Metrics Changes - Premier Inn's hotel performance in the U.K. saw accommodation sales up 35% compared to pre-pandemic levels, outperforming the market by 26 percentage points [4] - The long-term network target for Premier Inn has been increased from 110,000 rooms to 125,000 rooms, with 82,700 rooms currently open [5] Market Data and Key Metrics Changes - In Germany, a cohort of 18 hotels that have been trading for over a year turned profitable, indicating progress in this market [6] - The company is well-positioned to capitalize on a strong market recovery in both the U.K. and Germany [3] Company Strategy and Development Direction - The company continues to execute its "investing to win" strategy, which has positioned it well for market recovery [3] - There is a disciplined approach to managing returns and capital, with a focus on maintaining an investment-grade balance sheet [9][38] Management's Comments on Operating Environment and Future Outlook - Despite macroeconomic uncertainties, the outlook is positive, with significant growth opportunities in the U.K., Ireland, and Germany [11] - The management acknowledges the challenges posed by inflation and the cost of living crisis but remains confident in the company's ability to manage costs effectively [27][28] Other Important Information - The CEO will deliver the next financial update in January 2023, with a planned orderly handover to the new CEO, Dominic Paul [12] - The company has a strong balance sheet that supports ongoing investments and operational stability [7][20] Q&A Session Summary Question: What are the expectations for FY '24 cost growth and utility costs? - Management indicated that they are managing costs well and have hedged a significant portion of utility costs for next year [27][34] Question: What are the plans for food and beverage performance? - The management emphasized that food and beverage is integral to the hotel business and they are investing in improvements [30][31] Question: How is the balance sheet review progressing? - The management confirmed that the balance sheet is regularly reviewed, and they are focused on maintaining investment-grade metrics [38][40] Question: What is the outlook for supply in the market? - Management expects the contraction in supply to continue, with a favorable landscape for growth due to reduced competition [61][62] Question: What is the status of the German market and M&A opportunities? - The management remains optimistic about the German market and is looking for small M&A opportunities [66]

WHITBREAD FY23 INTERIM RESULTS 25 OCTOBER 2022 Premier Inn ** Rest easy CONTENTS H1 FY23 PERFORMANCE AND OUTLOOK Alison Brittain FINANCIAL REVIEW Hemant Patel DRIVING LONG-TERM VALUE Alison Brittain WHITBREAD 2 2 H1 PERFORMANCE & OUTLOOK | Alison Brittain - CEO Premier Inn WHITBREAD H1 FY23 Highlights | 'Investing to win' strategy driving outperformance 44 | --- | --- | --- | |----------------------|------------------------------------------------------------------------------------------------------------- ...

Whitbread PLC (OTCPK:WTBCF) Q4 2021 Earnings Conference Call April 28, 2022 3:15 AM ET Company Participants Alison Brittain - CEO & Executive Director Hemant Patel - CFO & Director Conference Call Participants Alison Brittain Good morning. I'm Alison Brittain, and I'd like to welcome you to Whitbread's Financial Year 2022 Preliminary Results Presentation. Joining me this morning is Hemant Patel, our new CFO, and I'd like to welcome him to his first results presentation. As you know, Hemant has been with Whi ...

Align to ARA front cover FY22 Preliminary Results 28 April 2022 Contents | --- | --- | --- | |-------------------------|-----------------|-------| | Performance update | Alison Brittain | p3 | | Financial review | Hemant Patel | p11 | | Driving long-term value | Alison Brittain | p18 | WHITBREAD 2 Full year highlights and outlook • Continued hotel market outperformance in the UK driven by our 'Investing to win' commercial strategy, our strong brand, scale, direct distribution and the strong appeal of the Pr ...

WHITBREAD FY22 Interim Results 26 October 2021 Premier Inn ** Rest easy Contents Operating and business review Alison Brittain p3 Financial review Nicholas Cadbury p22 WHITBREAD 2 H1 highlights • H1 recovery ahead of expectations: • Premier Inn - significant outperformance of the UK market • Potential to reach full recovery in UK LFL RevPAR run rate at some point in 2022 • Expansion continuing in Germany with positive trends post reopening • Challenging operating and inflationary environment – better placed ...

WHITBREAD FY21 Full Year Results 27 April 2021 Premier Inn ** Rest easy Contents | --- | --- | --- | |-------------------------|------------------|-------| | Performance update | Alison Brittain | p3 | | Financial review | Nicholas Cadbury | p10 | | Driving long-term value | Alison Brittain | p17 | WHITBREAD 2 Navigating COVID-19 and investing to drive long-term value | --- | --- | |----------------------------|------------------------------------------------------------------------------------------------- ...

Whitbread PLC (OTCPK:WTBCF) Q2 2021 Earnings Conference Call October 27, 2020 4:00 AM ET Company Participants Alison Brittain - Chief Executive & Director Nicholas Cadbury - Group Finance Director & Executive Director | --- | |------------------------------------------------| | | | Conference Call Participants | | Jamie Rollo - Morgan Stanley | | Vicki Stern - Barclays | | Monique Pollard - Citi | | Jarrod Castle - UBS | | Richard Clarke - Bernstein Tim Barrett - Numis | | Leo Carrington - Crédit Suisse | | ...

WHITBREAD FY21 INTERIM RESULTS | OCTOBER 2020 FY21 Interim Results 27 October 2020 Contents Performance update Alison Brittain p3 Financial review Nicholas Cadbury p10 Driving long-term value Alison Brittain p16 Appendices p28 FY21 INTERIM RESULTS | OCTOBER 2020 2 Overview | --- | --- | |-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...