{ "docId": "019de515-1486-75c9-bc69-ef5e2008f08f", "docSlug": "4d10a7d9e86def107829d58eddb62db8", "documentTitle": "Summit Hotel Properties | Results Presentation Deck | 33 slides", "authorId": "summit-hotel-properties", "authorName": "Summit Hotel Properties", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-02-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 7, "pageCount": 33, "prevPage": 6, "nextPage": 8, "slideType": "kpi_overview", "function": "summarize", "density": "overcrowded", "nDataPoints": 72, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-1486-75c9-bc69-ef5e2008f08f/7", "deckHref": "/decks/019de515-1486-75c9-bc69-ef5e2008f08f", "deckJsonHref": "/decks/019de515-1486-75c9-bc69-ef5e2008f08f.json", "deckAnchorHref": "/decks/019de515-1486-75c9-bc69-ef5e2008f08f#slide-7", "components": [ { "bbox": { "h": 0.04, "w": 0.115, "x": 0.844, "y": 0.933 }, "kind": "image", "text": "SUMMIT HOTEL PROPERTIES", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4d9bfabc-225e-4b16-8485-21bcdd333eda", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.747, "x": 0.073, "y": 0.995 }, "kind": "source-note", "text": "(3) All same store information includes 71 hotels owned as of December 31, 2022, with operating and financial results for the twelve months ended December 31, 2022, 2021, and 2019.", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0e06a463-4bb7-411b-b15a-5adac16baac1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.046, "w": 0.747, "x": 0.073, "y": 0.901 }, "kind": "source-note", "text": "(1) See tables later in this presentation for a discussion and reconciliation of net loss to non-GAAP financial measures, including earnings before interest, taxes, depreciation, and amortization (\"EBITDA\"), EBITDAre, adjusted EBITDAre, funds from operations (\"FFO\"), FFO per diluted share and unit, adjusted FFO (\"AFFO\"), and AFFO per diluted share and unit, as well as a reconciliation of operating income (loss) to hotel EBITDA. See \"Non-GAAP Financial Measures\" at the end of this presentation.", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "218ecd3f-401f-4348-8edc-6eb757cfb112", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.015, "w": 0.29, "x": 0.194, "y": 0.21 }, "kind": "source-note", "text": "(In thousands, except per share metrics)", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "d8f5c87d-fce6-4933-b2cc-00dcfb4acd6c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.046, "w": 0.747, "x": 0.073, "y": 0.948 }, "kind": "source-note", "text": "(2) Unless stated otherwise in this presentation, all pro forma information includes operating and financial results for 103 hotels owned as of December 31, 2022, as if each hotel had been owned by the Company since January 1, 2021 and remained open for the entirety of the measurement period. As a result, all pro forma information includes operating and financial results for hotels acquired since January 1, 2021, which may include periods prior to the Company's ownership. Pro forma and non-GAAP financial measures are unaudited.", "attrs": { "numbered": true }, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "dbc459ac-9f32-4a27-b387-390903ed64f1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.67, "w": 0.619, "x": 0.189, "y": 0.167 }, "kind": "table", "text": "For the Three Months Ended December 31, 2022, 2021; For the Years Ended December 31, 2022, 2021; Net loss attributable to common stockholders: $(11,975), $(15,275), $(16,929), $(83,714); Net loss per diluted share: $(0.11), $(0.15), $(0.16), $(0.80); Total revenues: $172,326, $106,862, $675,695, $361,926; EBITDAre (1): $54,498, $26,312, $210,609, $86,325; Adjusted EBITDAre (1): $46,084, $28,513, $180,815, $90,495; FFO (1): $25,542, $8,140, $95,253, $17,300; Adjusted FFO (1): $30,340, $14,801, $113,970, $36,782; FFO per diluted share and unit (1): $0.21, $0.08, $0.79, $0.16; Adjusted FFO per diluted share and unit (1): $0.25, $0.14, $0.94, $0.35; Pro Forma (2) RevPAR: $109.01, $92.49, $110.91, $80.42; RevPAR Growth: 17.9%, 37.9%; Hotel EBITDA: $62,142, $48,904, $243,940, $149,678; Hotel EBITDA margin: 36.0%, 35.0%, 35.4%, 31.4%; Hotel EBITDA margin growth: 106 bps, 401 bps; Same Store (3) RevPAR: $110.74, $93.78, $114.61, $80.80; RevPAR Growth: 18.1%, 41.8%; Hotel EBITDA: $42,817, $34,785, $179,563, $105,658; Hotel EBITDA margin: 34.5%, 33.5%, 35.5%, 29.8%; Hotel EBITDA margin growth: 109 bps, 576 bps", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c05df6c4-f01d-41d3-bacf-708d1e53621b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.028, "w": 0.49, "x": 0.045, "y": 0.06 }, "kind": "title", "text": "Summary Financial Results (Unaudited)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1a333448-5cc4-42c2-ad05-d05df893db4c", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 8, "from": 7, "beatId": "bc5446ed-bec0-4e6a-b73a-028081d63eed", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Attention", "beatSlug": "monroes-sequence-attention", "evidence": "Summary financial results and pro forma operating results", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }