Global: Update to Q2 As Necessary Confirm Numbers INVE S TOR PR E S E NTATION A U G U S T 2 4 , 2 0 1 8 Belmond Copacabana Palace, Rio de Janeiro
C A UTIO N A RY S TA TE M E N TS A N D US E O F N O N -G A A P FIN A N C IA L M E A S URE S A N D D E FIN ITIO N S ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ 2 Belmond 2018
C A UTIO N A RY S TA TE M E N TS A N D US E O F N O N -G A A P FIN A N C IA L M E A S URE S A N D D E FIN ITIO N S ( C O N TIN UE D ) ‐ ‐ ‐ 3 Belmond 2018
Belmond Hotel Belmond Cap Juluca, Cipriani, Anguilla Venice Belmond Mount Nelson, Belmond Palacio Cape Town Nazarenas, Cusco
Belmond Le Manoir Aux Belmond Andean Explorer, Quat’Saisons , Oxfordshire Peru Belmond Sanctuary Belmond Hotel Lodge, Machu Picchu Splendido, Portofino
TA B L E O F C O N TE N TS o o o o o o o o o o o o o o o o Belmond Road to Mandalay, Myanmar 6 Belmond 2018
1 . M E E T B E L M O N D Belmond Hotel Cipriani, Venice
M E E T B E L M O N D We are a luxury hotel, train and river cruise operator delivering inspiring journeys and exceptional experiences in remarkable destinations worldwide A d j . E B I T D A C o m p o s i t i o n ¹ ² J V I n c o m e 10% M a n a g e m e n t F e e s 9% • O w n e d T r a i n s & Cruises 5% E u r o p e • 45% R e s t o f W o r l d 13% • Owned & N o r t h A m e r i c a • Leased 18% Hotels 76% • • • • • • 8 Belmond 2018 8
C O M PA N Y H IG H L IG H TS Belmond Hotel Monasterio, Cusco 9 Belmond 2018
O UR E V O L UTIO N For over 40 years, we have carefully curated a collection of the world’s most iconic hotels and luxury travel adventures 1976 1982 1983 1988 1989 1992 1993 Collection Launch of the iconic Acquisition of Hotel Entry into Africa with Entry into Brazil Acquisition of Launch of Eastern & commences with Venice Simplon- Splendido in Italy the acquisition of with the acquisition Botswana Safari Oriental Express train Hotel Cipriani in Italy Orient-Express train Mount Nelson Hotel of Copacabana lodges in Asia in South Africa Palace Acquisition of Villa San Michele in Italy 1996 1998 1999 2004 1995 2001 2002 Launch of Road to Acquisition of Acquisition of Entry into Peru Acquisition of Acquisitions of La Significant expansion in Asia via the acquisition of Mandalay river Reid’s Palace Splendido Mare in with the Miraflores Park in Residencia in Pansea Hotels in Southeast Asia (La Residence cruise in Myanmar Hotel in Portugal Italy formation of JV Peru Spain, Maroma D’Angkor in Cambodia, La Residence Phou Vao in partnerships for Resort in Mexico, Laos, The Governor’s Residence in Myanmar, Entry into the hotel and train and Le Manoir aux Jimbaran Puri and Ubud Hanging Gardens in Bali, United States with operations Quat’Saisons in and Napasai in Thailand) the acquisitions of the United Charleston Place Kingdom Launch of the Royal Scotsman train in the United and the ‘21’ Club Kingdom and the Afloat in France river cruises 2010 2014 2016 2017 2005 2006 2018 Acquisiton of Casa Expansion of iconic Signing of Launch of Grand Launch of Andean Entry into Russia with Acquisition of Castello de Sierra Nevada in Italian portfolio to Sicily management Hibernian train in Explorer train and the acquisition of the di Casole in Italy Mexico with the acquisitions of agreement for the Ireland acquisition of Las Casitas Grand Hotel Europe Grand Hotel Timeo and Cadogan in the through our joint Villa Sant’Andrea United Kingdom ventures in Peru Acquisition of Opening of Belmond Acquisition of Cap Juluca Rio Sagrado through our El Encanto in the in Anguilla 10 Belmond 2018 joint ventures in Peru United States 10
A G L O B A L FO O TPRIN T IN K E Y S TRA TE G IC M A RK E TS Belmond Royal Scotsman United Kingdom Belmond Grand Hibernian Belmond Cadogan Hotel¹ Belmond Grand Hotel Europe Ireland London, UK Saint Petersburg, Russia Belmond Belmond Le Manoir aux Afloat in Quat'Saisons Belmond Hotel Cipriani France Oxfordshire, UK Venice, Italy France Belmond British Pullman Belmond Villa San Michele United Kingdom Belmond Hotel Splendido & Florence, Italy Splendido Mare Belmond Castello di Casole Portofino, Italy ‘21’ Club Tuscany, Italy Belmond Road Belmond El Encanto New York, USA to Mandalay Belmond La Residencia Belmond Hotel Caruso Santa Barbara, USA Majorca, Spain Myanmar Ravello, Italy Belmond La Résidence Phou Vao Belmond Charleston Place VSOE Belmond Luang Prabang, Laos Europe Belmond Villa Charleston, USA Governor's Sant'Andrea Belmond Reid's Residence Belmond Casa de Sierra Nevada Belmond Cap Juluca Palace Belmond Grand Hotel Taormina, Italy Yangon, Myanmar San Miguel de Allende, Mexico Anguilla, British West Timeo Madeira, Portugal Eastern & Oriental Indies Belmond La Résidence d'Angkor Taormina, Italy Belmond Maroma Resort & Spa Belmond Express Belmond La Samanna Siem Reap, Cambodia Belmond Andean Playa del Carmen, Mexico Southeast Asia Marigot, St Martin Hiram Explorer Belmond Hotel Rio Sagrado Belmond Napasai Bingham Peru Urubamba, Peru Koh Samui, Thailand Peru Belmond Miraflores Park Belmond Hotel Monasterio Lima, Peru Cusco, Peru Belmond Sanctuary Lodge Machu Picchu, Peru Belmond Jimbaran Puri Belmond Copacabana Belmond Palacio Nazarenas, Bali, Indonesia Palace Cusco, Peru Rio de Janeiro, Brazil Belmond Safaris² Belmond Las Casitas Belmond Hotel das Cataratas Botswana Colca, Peru Iguassu Falls, Brazil Belmond Mount Nelson Hotel Cape Town, South Africa KEY H O T E L T R A I N R I V E R C R U I S E S T A N D A L O N E R E S T A U R A N T 11 11 Belmond 2018
E X PE RIE N C E D L E A D E RS H IP TE A M ROELAND VOS MARTIN O’GRADY RICHARD M. LEVINE INGRID DANIEL RUFF KENNETH HATTON ARNAUD ERAS-MAGDALENA CHAMPENOIS President and Chief Executive Vice Executive Vice Executive Vice Senior Vice Senior Vice Senior Vice Executive Officer President and Chief President and Chief President and Chief President and Head President, Global President, Global Financial Officer Legal Officer Human Resources of Global Operations Development Brand & Marketing Officer • Elected to the • Joined Belmond in • Joined Belmond in • Joined Belmond in • Joined Belmond in • Joined Belmond in • Joined Belmond in Belmond Board of 2008 2012 September 2014 January 2018 January 2017 September 2016 Directors in June • Previously served as • Previously served as • Served as Vice • Served as President • Served as Senior • Served as Vice 2014; appointed Chief Financial Executive Vice President, People and Managing Vice President, President, Luxury President and Chief Officer of Orion President and Development and Director for Europe, Corporate Brands Leader for Executive Officer of Capital Managers; General Counsel at Staffing of the Middle East, Eurasia Transactions Group Asia Pacific at Belmond in and Executive Kerzner Europe, Africa and & Africa at at Hyatt Hotels Starwood Hotels September 2015 Director and Chief International Middle East division Wyndham Hotel Corporation from and Resorts • Served as President Financial Officer of Holdings Limited; as of Starwood Hotels Group from 2014 to 2011 to 2016 Worldwide, Inc. of the Europe, Africa Access (European General Counsel for and Resorts 2017 from 2011 to 2016 • Former partner and and Middle East self-storage) Hellman & Worldwide, Inc. • Also held a senior member of the • Also held senior division of Starwood Friedman, LLC; and from 2006 to 2014 • Also held senior position at Firm’s Ethics brand and Hotels and Resorts for the Private financial positions • Also held Starwood Hotels Committee at marketing positions Worldwide, Inc. from Equity Division of at Security Capital operational and Resorts Sonnenschein Nath at the L’Oreal Group 2001 to 2013 Credit Suisse European Realty, leadership and Worldwide, Inc. and & Rosenthal LLP and Richemont • • Over 35 years of Jardine Matheson Over 20 years of senior human was on the Board of Group in Paris and • Over 18 years of experience in the and Mandarin relevant experience resources positions Directors of Design London relevant experience lodging industry Oriental Hotel at Le Meridien and Hotels AG • Over 20 years of Group Forte Hotels • Over 15 years of relevant experience • Over 30 years of • Over 25 years of experience in the relevant experience relevant experience hospitality industry 12 Belmond 2018
2 . IN D US TRY PO S ITIO N IN G Belmond Grand Hotel Europe, St Petersburg
UN IQ UE L Y FO C US E D O N TH E H IG H L Y A TTRA C TIV E L UX URY S E G M E N T 18.1 1.3 1.0 12.0 2012 2017 2012 2017 6.6 % 6.3 % 6.0 % 4.7 % 3.7 % 1.6 % Total Personal Total Total Services Experience- Foreign Hotels & 5 Consumption Goods Related Travel Motels 4 Expenditure Services 14 Belmond 2018
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