{ "docId": "019de518-0cd0-71a8-bdd4-973abfd6e9e3", "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", "aspectRatio": 1.7777778, "pageNumber": 17, "pageCount": 40, "prevPage": 16, "nextPage": 18, "slideType": "revenue_buildup", "function": "decompose_segments", "density": "overcrowded", "nDataPoints": 16, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de518-0cd0-71a8-bdd4-973abfd6e9e3/17", "deckHref": "/decks/019de518-0cd0-71a8-bdd4-973abfd6e9e3", "deckJsonHref": "/decks/019de518-0cd0-71a8-bdd4-973abfd6e9e3.json", "deckAnchorHref": "/decks/019de518-0cd0-71a8-bdd4-973abfd6e9e3#slide-17", "components": [ { "bbox": { "h": 0.09, "w": 0.19, "x": 0.48, "y": 0.13 }, "kind": "callout", "text": "129% conversion\nof adjusted\nearnings into FCF", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "387a6d1d-7fc1-4a68-a413-af572010acee", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.53, "w": 0.94, "x": 0.03, "y": 0.19 }, "kind": "chart", "text": "Operating Profit from Reportable Segments¹ 1,019, Depreciation and Amortisation +67, Adjusted EBITDA¹ 1,086, System Fund² +125, Working capital & other movements³ +102, Exceptional cash flow items (29), Interest and tax (326), Maintenance capex and key money (139), Adjusted free cash flow (FCF)¹ 819, Gross System Fund capex (46), Net Recyclable capex (53), Dividends paid to shareholders (245), Share buybacks including transaction costs⁴ (790), FX, lease and other cash and non-cash movements⁵ (106), Increase in net debt¹ (421)", "attrs": null, "subkind": "waterfall", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ab9f2217-f9ab-4a33-8ef7-e057dddab16c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.08, "x": 0.89, "y": 0.94 }, "kind": "image", "text": "IHG HOTELS & RESORTS", "attrs": null, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "084742aa-1b53-4958-8567-7d314b6933f2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.16, "w": 0.94, "x": 0.03, "y": 0.77 }, "kind": "list", "text": "1. 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 items within the Financial Statements.\n2. System Fund inflow reflects $19m reported result, adding back $83m of depreciation and amortisation and $23m of other non-cash adjustments to System Fund result; working capital movements related to the System Fund, including movements in deferred revenue, are included within the Group's overall working capital & other movements.\n3. Includes $79m of working capital and other adjustments, $60m of other non-cash adjustments to operating profit/loss, less $(1)m reversal of impairment loss on financial assets, $(28)m of principal element of lease payments, together with $(8)m purchase of own shares by employee trusts.\n4. Includes 2023's $750m programme which completed on 29 December 2023, together with the residual outflow of the programme announced in August 2022 to return $500m which completed on 31 January 2023.\n5. Includes $(3)m of dividends paid to non-controlling interest, $(105)m of net adverse exchange movements, $(25)m movement in lease liabilities, $28m principal element of lease repayments and $(2)m increase in accrued interest, together with $1m of other non-cash movements.", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "298ab2dc-4353-49f7-a9c9-414fcdb13bdb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.14, "x": 0.43, "y": 0.96 }, "kind": "source-note", "text": "2023 Full Year Results © IHG", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "25c35780-5530-422b-99d2-57ee70fdaeb8", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.09, "w": 0.15, "x": 0.03, "y": 0.07 }, "kind": "title", "text": "Cash flow\nFY 2023\n($m)", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fc33b95a-e216-4375-adeb-8e9b5a281b16", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Waterfall chart", "slug": "waterfall-chart", "agent": null, "layer": "slide", "matchId": "b21dc360-6742-4e05-90b1-9bed79bd2c74", "evidence": "chart/waterfall: Operating Profit from Reportable Segments¹ 1,019, Depreciation and Amortisation +67, Adjusted EBITDA¹ 1,086, System Fund² +125, Working capital & other movements³ +102, Exceptional cash flow items (29)", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [], "loops": [ { "to": 18, "from": 16, "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", "confidence": 0.6, "description": "Quantify what happens if the audience does nothing" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }