{
  "docId": "019de517-9dae-70ea-8d34-7b9654cfc7dc",
  "docSlug": "6e3b0ee5cc788e73c19caeb9dfc486da",
  "documentTitle": "IHG Hotels | Investor Presentation Deck | 69 slides",
  "authorId": "ihg-hotels",
  "authorName": "IHG",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-12-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 12,
  "pageCount": 69,
  "prevPage": 11,
  "nextPage": 13,
  "slideType": "use_of_funds",
  "function": "plan_implementation",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de517-9dae-70ea-8d34-7b9654cfc7dc/12",
  "deckHref": "/decks/019de517-9dae-70ea-8d34-7b9654cfc7dc",
  "deckJsonHref": "/decks/019de517-9dae-70ea-8d34-7b9654cfc7dc.json",
  "deckAnchorHref": "/decks/019de517-9dae-70ea-8d34-7b9654cfc7dc#slide-12",
  "components": [
    {
      "bbox": {
        "h": 0.044,
        "w": 0.2,
        "x": 0.045,
        "y": 0.293
      },
      "kind": "list",
      "text": "Invest in the business to drive growth",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14bf5b6b-3af4-4aaa-a917-459ce24aae90",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.055,
        "y": 0.78
      },
      "kind": "list",
      "text": "$704.7m repurchased (94% complete)",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1d98a471-e846-496b-83f8-a2c570752114",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.044,
        "w": 0.2,
        "x": 0.375,
        "y": 0.293
      },
      "kind": "list",
      "text": "Sustainably grow the ordinary dividend",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8aca1bd4-90a2-492b-94d8-6dae4de376a3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.2,
        "x": 0.385,
        "y": 0.78
      },
      "kind": "list",
      "text": "10.1m shares repurchased",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "972d45df-ddce-48f4-a43a-21924791a620",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.25,
        "x": 0.645,
        "y": 0.78
      },
      "kind": "list",
      "text": "5.7% reduction in share count",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b8544145-1310-4089-8e68-aac563ef2234",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.044,
        "w": 0.2,
        "x": 0.705,
        "y": 0.293
      },
      "kind": "list",
      "text": "Return surplus funds to shareholders",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d75bf4a6-6866-4736-badf-b78c0f0a0ff0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.81,
        "x": 0.095,
        "y": 0.85
      },
      "kind": "paragraph",
      "text": "Calendar 2023: ~$250m ordinary dividends + $750m buyback = ~$1.0bn or >8% of current market cap",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9fa53d4f-02ea-42e6-b169-648aeb832e84",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.79,
        "x": 0.105,
        "y": 0.68
      },
      "kind": "paragraph",
      "text": "IHG announced a $750m buyback in February 2023 to reset leverage to targeted levels\nAs of 30 September 2023:",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d22e6e36-f44a-45be-b506-54988bccf16e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.646,
        "x": 0.177,
        "y": 0.52
      },
      "kind": "paragraph",
      "text": "Objective of maintaining an investment grade credit rating\n2.5x - 3.0x Net Debt:Adjusted EBITDA under normalised conditions",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ed7e97c2-b652-4bdb-9d0c-e90ebabaf962",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.012,
        "w": 0.45,
        "x": 0.03,
        "y": 0.915
      },
      "kind": "source-note",
      "text": "1 Trailing twelve months, as calculated for the Group's banking covenants",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b981f51a-4a8d-4fec-990c-50655a0ae1c2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.022,
        "w": 0.7,
        "x": 0.03,
        "y": 0.18
      },
      "kind": "title",
      "text": "Rolling share buybacks routinely expected to return surplus capital",
      "attrs": {},
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c89cbe24-ca4a-40c6-a72c-387f11f11f5f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.937,
        "x": 0.03,
        "y": 0.07
      },
      "kind": "title",
      "text": "$15bn returned to shareholders since 2003, and our strategy for uses of cash generated remains unchanged",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3e1cd7f7-bb9d-4188-8247-909c50243b4c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "c4a2634d-a575-4d31-99aa-bf84a8b1baca",
      "evidence": "title/action-title: Rolling share buybacks routinely expected to return surplus capital",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}