{
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  "docSlug": "73608345638704f563bf9c45bebf5ea6",
  "documentTitle": "IHG Hotels | Results Presentation Deck | 40 slides",
  "authorId": "ihg-hotels",
  "authorName": "IHG",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 16,
  "pageCount": 40,
  "prevPage": 15,
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  "slideType": "revenue_buildup",
  "function": "decompose_segments",
  "density": "overcrowded",
  "nDataPoints": 28,
  "notes": null,
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  "metadataConfidence": 0.9,
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  "slideHref": "/slides/019de518-0cd0-71a8-bdd4-973abfd6e9e3/16",
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      "kind": "list",
      "text": "Investment behind growth initiatives\nProfile can vary year to year, but expected to be\nbroadly neutral over time",
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      },
      "kind": "list",
      "text": "Key money: used to secure hotel signings\nMaintenance: relates to owned, leased and\nmanaged lease hotels and corporate infrastructure",
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      },
      "kind": "list",
      "text": "Invested into projects that benefit our hotel network\nRepaid when depreciation charged to System Fund\ne.g. GRS",
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      "kind": "source-note",
      "text": "1. Key money presented net of repayments of $7m in FY 2023 (FY 2022: $3m).\n2. Consists of depreciation and amortisation of $83m in FY 2023 (FY 2022: $86m), adjusted to exclude depreciation for right of use assets of $2m (FY 2022: $3m).\n3. Includes gross key money payments of $108m in FY 2023 (FY 2022: $67m).\n4. Definitions for non-GAAP measures can be found in the 'Use of key performance measures and non-GAAP measures' section of the results announcement, along with reconciliations of these measures to the most directly comparable line\nitems within the Financial Statements.",
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      "kind": "table",
      "text": "Key money and maintenance capex\nKey money¹ (101) (64)\nMaintenance capex (38) (44)\nTotal (139) (108)\nRecyclable investments\nGross out (61) (15)\nGross in 8 16\nNet total (53) 1\nSystem Fund capital investments\nGross out (46) (35)\nGross in² 81 83\nNet total 35 48\nTotal capital investments\nGross total 3,4 (253) (161)\nNet total4 (157) (59)",
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      "kind": "title",
      "text": "Targeted capital expenditure to drive growth",
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  "arcBeats": [],
  "loops": [
    {
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      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "89cfbe89-d9f0-4504-bd48-2648113efc73",
      "evidence": "The deck presents targeted capital expenditure and a capital allocation approach as a solution to drive growth and return value to shareholders.",
      "position": 0,
      "objective": "What are the consequences of not investing in growth initiatives?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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