Investor Presentation July 23, 2025 Hodges Bay Resort and Spa, a Registry Collection Hotel Antigua, West Indies Opened June 2025 WYNDHAY HOTELS & RESORTS Introduction to Wyndham Hotels & Resorts Largest hotel franchisor worldwide(a) Leading brands in the resilient select-service segment Asset-light business model generating significant free cash flow Primarily leisure-focused, "drive to" portfolio of hotels ~8.30000 Hotels ~847,000® Current Rooms /YNDHAM 25 ~90% ~120M Brands Loyalty ~255,000 Rooms in the Pi ...

Core Insights - Wyndham Hotels & Resorts reported strong Q2 2025 results, with adjusted diluted EPS of $1.33, exceeding analyst expectations of $1.16, and revenue of $397 million, surpassing the estimate of $386.64 million, reflecting growth in global system size and an expanding development pipeline [1][2][5] Financial Performance - Adjusted diluted EPS increased by 18% year-over-year from $1.13 in Q2 2024 [2] - Fee-related and other revenue reached $397 million, an 8.5% increase from $366 million in Q2 2024 [2] - Adjusted EBITDA grew 10% to $195 million compared to $178 million in Q2 2024 [2] - Adjusted net income rose 13.2% to $103 million from $91 million in Q2 2024 [2] - Adjusted free cash flow increased by 27.5% to $88 million from $69 million in Q2 2024 [2] Business Model and Strategy - Wyndham operates as a hotel franchisor, minimizing capital investment through an asset-light model that emphasizes predictable cash flows from franchise fees [3] - The company has a diversified portfolio with 25 hotel brands, targeting higher-value segments and expanding its international footprint [4] Market Trends and Performance Metrics - Global system size expanded by 4% year-over-year to 846,700 rooms, with a record pipeline of 255,000 rooms, 58% of which are outside the U.S. [6] - Global RevPAR fell 3% year-over-year to $47.55, with U.S. RevPAR dropping 4% to $53.32, while international markets saw a 1% increase in RevPAR [7] - Ancillary revenue sources grew by 19% compared to Q2 2024, indicating a shift towards more stable revenue streams [8] Future Outlook - Management raised the full-year 2025 net room growth outlook to 4.0–4.6% and expects adjusted diluted EPS for FY2025 to be between $4.60 and $4.78 [14] - Guidance for global RevPAR remains unchanged, reflecting caution regarding U.S. demand weakness and softness in the Chinese market [14] - The company anticipates "low teens" growth in ancillary fees for 2025, supported by stable contract structures [14]

Core Insights - Days Inns - Canada has partnered with the Boots and Hearts Music Festival as the Official Economy Hotel Partner, enhancing its visibility in the country music scene and connecting with over 140,000 expected attendees [1][2][3] Company Overview - Days Inns - Canada operates over 105 independently owned properties and more than 8,515 rooms across the country, offering a range of urban, airport, and resort accommodations [6] - The brand is part of Realstar Hospitality and is affiliated with Wyndham Hotels & Resorts, which is the largest hotel franchising company globally with approximately 8,900 hotels [6] Partnership Details - The partnership with Boots and Hearts allows Days Inns to engage with festivalgoers through on-site activations and digital touchpoints, showcasing the brand's commitment to comfort and value [3][4] - Days Inns will have prominent branding at the festival, including exposure on the main stage and social hubs, enhancing brand recognition among attendees [4] Customer Engagement - Guests at Days Inns can earn Wyndham Rewards points on qualified stays, which can be redeemed for free nights and exclusive perks, enhancing customer loyalty [5] - The hotel chain emphasizes providing value without sacrificing comfort, with amenities such as free Wi-Fi, complimentary breakfast, and family-friendly options [5]

Core Insights - Wyndham Hotels & Resorts has partnered with Cygnett, an Indian hospitality group, to address the increasing travel demand in India, where domestic travel spending reached USD 186 billion last year and is expected to grow by 12% annually [1][2] Group 1: Partnership and Growth Strategy - The partnership marks a significant step in Wyndham's growth strategy in Eurasia, with India identified as a key strategic market [2] - Wyndham and Cygnett have signed a 10-year exclusive development agreement to introduce La Quinta by Wyndham across India, Nepal, Sri Lanka, and Bangladesh, with plans to open over 50 hotels by the end of 2026 [3] - The La Quinta brand is recognized for its modern amenities and value, catering to both business and leisure travelers in the upper midscale segment [3] Group 2: Luxury Offerings - In addition to La Quinta, Wyndham and Cygnett will introduce Registry Collection Hotels in India through a non-exclusive 10-year agreement for 10 hotels, co-branded under Cygnett's luxury brand Anamore [4] - The first Registry Collection hotel is expected to open as early as 2026, focusing on delivering unique boutique and luxury experiences [4] Group 3: Market Position and Resources - Wyndham currently operates over 70 hotels in India, Nepal, Sri Lanka, and Bangladesh, including well-known brands like Ramada and Howard Johnson [6] - The company has invested nearly USD 350 million in innovative technology since 2018, providing franchisees with access to advanced property management systems and a member base of over 115 million Wyndham Rewards members globally [5]

Core Insights - The article emphasizes the summer travel opportunities across Canada, highlighting Days Inn as a key accommodation provider for various summer activities and festivals [1][14]. Group 1: Regional Highlights - British Columbia offers whale watching, the Bard on the Beach Shakespeare Festival, and the Pacific National Exhibition, with Days Inns near Vancouver serving as ideal bases for these activities [2]. - Alberta features the Calgary Stampede and Country Thunder Alberta, with Days Inns in Calgary providing convenient access to these events [3]. - In Edmonton, Days Inns are centrally located for attractions like Elk Island National Park and the Edmonton Folk Music Festival [4]. - Saskatchewan hosts Country Thunder Saskatchewan, with Days Inns in Regina positioned for easy access to this country music festival [5]. - Saskatoon offers family-friendly activities, including the Saskatoon Forestry Farm Park & Zoo and Nutrien Playland, with Days Inn by Wyndham Saskatoon as a suitable accommodation option [6]. - Winnipeg's Days Inn & Suites provides access to the Royal Aviation Museum and Assiniboine Park Zoo, appealing to both aviation and nature enthusiasts [7]. - Ontario's Days Inns are well-placed for major events like Boots and Hearts and Ottawa Bluesfest, enhancing the summer entertainment experience [8][9]. - Montreal's Days Inns allow guests to enjoy the Montreal International Jazz Festival and the vibrant city atmosphere [10][11]. - In Quebec's Lanaudière region, Days Inn by Wyndham Berthierville offers proximity to natural attractions and ecological adventures [12]. - Atlantic Canada features Days Inn by Wyndham Dalhousie and Summerside, providing access to local festivals and coastal experiences [13]. Group 2: Company Overview - Days Inns - Canada operates over 105 properties with more than 8,515 rooms, covering urban, airport, and resort markets [16]. - The brand is part of Wyndham Hotels & Resorts, which is the largest hotel franchising company globally, with approximately 8,900 hotels across nearly 95 countries [16].

Core Points - Days Inns - Canada has extended its partnership with Food Banks Canada for the third consecutive year to support the After the Bell program, which addresses childhood food insecurity during summer months [1][4] - The After the Bell program provides nutritious food packs to children who rely on school food programs during the academic year, highlighting Days Inns - Canada's commitment to community support [2][4] - Food insecurity is a significant issue in Canada, with many families struggling to provide consistent, nutritious meals for their children [4][8] Company Overview - Days Inns - Canada is part of Realstar Hospitality and operates over 105 independently owned properties with more than 8,515 rooms across Canada [7] - The brand is part of Wyndham Hotels & Resorts, which is the world's largest hotel franchising company with approximately 8,900 hotels globally [7] Industry Context - Food Banks Canada is a leader in addressing food insecurity in Canada, with over 5,500 food banks and community organizations working to relieve hunger [8] - Since 2010, Food Banks Canada has shared over $829 million in food supports and over $245 million in funding to enhance local capacity and advocate for government action against hunger [8]

Core Insights - Wyndham Hotels & Resorts emphasizes a franchisee-first approach, focusing on long-term success through tailored solutions and support [1] Technology Initiatives - The launch of Wyndham Connect PLUS enhances guest engagement with AI-driven features for booking and inquiries, available for pilot by qualified franchisees at no cost until year-end [2] - Wyndham Gateway introduces a centralized guest Wi-Fi portal, creating new revenue streams through Wi-Fi upsell opportunities while simplifying loyalty enrollment [3] - Wyndham Marketplace and Wyndham PriceIQ streamline sourcing for hotel owners, enabling easier access to brand-approved products at negotiated rates [4] Insurance Solutions - A partnership with HUB International provides franchisees with affordable, high-quality insurance options, ensuring compliance and cost reduction [5] Rewards Program Enhancements - Wyndham Rewards® expands benefits with Wyndham Rewards Experiences, allowing members to bid on exclusive events and experiences [6] - A new partnership with Applebee's enables members to earn points on mobile orders with free hotel delivery [7] - Changes in reimbursement for free night stay redemptions will incorporate guest satisfaction scores, enhancing the rewards program's appeal [8] Marketing Strategy - A new marketing campaign, "Where There's a Wyndham, There's a Way," aims to unify the brand and capture demand across various media platforms [10] Company Overview - Wyndham is the largest hotel franchising company globally, with approximately 9,300 hotels in over 95 countries and a strong presence in the economy and midscale segments [13] - The company has invested nearly $350 million in technology since going public in 2018, enhancing sales, marketing, and operational support [11]

Core Insights - Wyndham Rewards is enhancing its offerings by providing members with new dining perks and exclusive access to popular events and festivals [1][2][4] - The program aims to improve member experiences by allowing them to convert points into unique experiences through auctions and fixed-point rewards [3][6] - Wyndham Rewards has been recognized as the 1 hotel rewards program by U.S. News & World Report and USA Today, reflecting its commitment to continuous improvement [5][8] Dining and Experiences - Wyndham Rewards members will soon earn points for mobile To Go orders at over 1,500 Applebee's restaurants, with free delivery included [4][11] - The program features over 150 new experiences, including VIP tickets to sold-out events and unique activities like riding on a Zamboni during a New York Rangers game [9][10] Membership Benefits - Members earn a guaranteed 1,000 points with every qualified stay and can redeem free nights starting at just 7,500 points [10] - The program has expanded its offerings, including the introduction of a co-brand debit card and enhanced points redemption options [6]

Financial Data and Key Metrics Changes - Adjusted EBITDA grew 9% on a comparable basis and adjusted EPS increased 20% [6][24] - Global RevPAR grew 2% in constant currency, with U.S. RevPAR starting strong but softening in February and March [7][9] - Free cash flow was $80 million, converting from adjusted EBITDA at approximately 55% [24] Business Line Data and Key Metrics Changes - Fee-related and other revenues increased by $12 million year over year, driven by a 9% increase in royalties and franchise fees [22] - Ancillary revenue growth was primarily driven by higher credit card and partnership fees [22][19] - The company opened 15,000 rooms, a 13% increase from the previous year, and signed 6% more deals than a year ago [15][17] Market Data and Key Metrics Changes - International RevPAR grew in all regions except China, with Latin America seeing a 25% increase [8] - EMEA RevPAR rose 6%, while Southeast Asia and the Pacific Rim posted 8% growth [8] - In China, RevPAR declined 8% year over year due to pricing pressure [8] Company Strategy and Development Direction - The company focuses on growing its system and supporting franchisees, with a record first quarter for room additions [14][20] - The strategy includes prioritizing development in higher fee par geographies and expanding direct franchising [18] - The company aims to capture trade down demand from both leisure and business travelers seeking value [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the summer travel months despite recent softness in demand [10][41] - The outlook for full-year constant currency global RevPAR is revised to range between down 2% to up 1% [25][26] - Management remains confident in the long-term growth strategy and the resilience of the business model [29][21] Other Important Information - The company returned nearly $110 million to shareholders through share repurchases and dividends [24] - Wyndham was named one of the world's most ethical companies for the third straight year [20] Q&A Session Summary Question: Can you elaborate on the changes in the U.S. RevPAR outlook? - Management noted that normalized April demand improved, with RevPAR running about a full point ahead of the prior year, indicating potential positive momentum [39][40] Question: What is the long-term outlook for net room growth? - Management reaffirmed a long-term net room growth outlook of 3% to 5%, with a record first quarter for room openings [52][56] Question: How is the company managing development costs amid rising prices? - Management highlighted efforts to shift sourcing and negotiate with suppliers to manage increased costs effectively [67][69] Question: What is the company's strategy regarding key money? - The company is being selective with key money allocations, focusing on high-quality revenue accretive opportunities [78][80] Question: How is the company addressing the recent trends in infrastructure demand? - Management reported a gradual resumption of infrastructure fund disbursements, with expectations of continued growth driven by private investment [106][110]

Financial Data and Key Metrics Changes - Adjusted EBITDA grew 9% on a comparable basis and adjusted EPS increased 20% [6][24] - Global RevPAR grew 2% in constant currency, with U.S. RevPAR starting strong but softening in February and March [7][9] - Free cash flow was $80 million, converting from adjusted EBITDA at approximately 55% [24] Business Line Data and Key Metrics Changes - Fee related and other revenues increased by $12 million year over year, driven by a 9% increase in royalties and franchise fees [23] - Ancillary revenue growth was primarily driven by higher credit card and partnership fees [23][19] - The company opened 15,000 rooms, a 13% increase from the previous year, and signed 6% more deals than a year ago [15][17] Market Data and Key Metrics Changes - International RevPAR grew in all regions except China, with Latin America seeing a 25% increase [8] - EMEA RevPAR rose 6%, while Southeast Asia and the Pacific Rim posted 8% growth [8] - In China, RevPAR declined 8% year over year due to pricing pressure [8] Company Strategy and Development Direction - The company focuses on growing its system and supporting franchisees, with a record first quarter for room additions [14][20] - The strategy includes prioritizing development in higher fee par geographies and expanding direct franchising [18] - The company aims to capture trade down demand from both leisure and business travelers seeking value [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the summer travel months despite current uncertainties [10][40] - The outlook for full year constant currency global RevPAR is revised to range between down 2% to up 1% [25][26] - Management highlighted the resilience of their business model, which is asset-light and designed to perform through economic cycles [29] Other Important Information - The company returned nearly $110 million to shareholders through share repurchases and dividends [7][24] - Wyndham was named one of the world's most ethical companies for the third straight year [20] Q&A Session Summary Question: Changes in U.S. RevPAR outlook - Management noted that normalized April demand improved, with RevPAR running about a full point ahead of the prior year [38][39] - They expect leisure transient demand to pick up into the summer months, with pricing holding firm [40][41] Question: Long-term outlook and sensitivities - Management confirmed that the long-term growth algorithm remains intact, with net room growth expected to continue [50][52] Question: Development backdrop and conversion business - Management expressed confidence in the development pipeline, with a significant increase in new construction openings [60][62] Question: Trends in infrastructure and macro impact - Management noted a slight slowdown in infrastructure demand but expects continued growth driven by federal allocations [102][106] Question: Ancillary revenue growth expectations - Management continues to expect low teen growth for ancillary revenues, driven by contract-based income [96][97]