2023 Investor

Day
S E C R E TS M O XC H É A N D S E C R E TS I M P R E S S I O N M O XC H É , M E XI C O

H Y A T T A N D R ELAT E D M AR K S A R E T R AD EM AR KS O F H Y AT T C OR POR AT I ON O R I T S A F F I LI AT E S. © 2 0 23 H Y AT T C OR POR AT I O N . A LL R I GH T S R ES ER VED .

 WELCOME & OPENING
NOAH HOPPE | SVP, INVESTOR RELATIONS AND FP&A

S E C R E TS M O XC H É A N D S E C R E TS I M P R E S S I O N M O XC H É , M E XI C O

H Y A T T A N D R ELAT E D M AR K S A R E T R AD EM AR KS O F H Y AT T C OR POR AT I ON O R I T S A F F I LI AT E S. © 2 0 23 H Y AT T C OR POR AT I O N . A LL R I GH T S R ES ER VED .

DISCLAIMERS
Forward-Looking Statements
Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include statements about our plans, strategies, outlook for 2023 and
illustrative outlook for 2024 and 2025, growth trends, pipeline expectations, the amount by which the Company intends to reduce its real estate asset base, the expected amount of gross proceeds from the sale of such assets, and the anticipated timeframe for such asset
dispositions, the number of properties we expect to open in the future, booking trends, RevPAR trends, our expected net income, our expected Adjusted EBITDA, our expected Net Deferrals and Net Financed Contracts, our expected Adjusted SG&A expense, our expected
capital expenditures, our expected net rooms growth, our expected system-wide RevPAR, our expected free cash flow, our 2030 environmental goals, our 2025 Change Starts Here commitments, financial performance, prospects or future events and involve known and unknown
risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as
"may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," "likely," "will," "would" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements
are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: general economic
uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and the pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related
labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as
well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political and geo-political conditions, including political or civil unrest or changes in trade policy;
hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as earthquakes, tsunamis, tornadoes, hurricanes, droughts, floods, wildfires, oil spills, nuclear
incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; the pace and consistency of recovery following the COVID-19 pandemic and the long-term effects of the pandemic, additional resurgence, or COVID-19 variants, including with
respect to global and regional economic activity, travel limitations or bans, the demand for travel, transient and group business, and levels of consumer confidence; the ability of third-party owners, franchisees, or hospitality venture partners to successfully navigate the impacts of
the COVID-19 pandemic, any additional resurgence, or COVID-19 variants or other pandemics, epidemics or other health crises; our ability to successfully achieve certain levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party
owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal
and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor
laws; the financial condition of, and our relationships with, third-party property owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or
implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations, including with respect to our acquisition of Apple Leisure Group and Dream Hotel Group and the
successful integration of each business; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to successfully execute on our strategy to expand our management and franchising business
while at the same time reducing our real estate asset base within targeted timeframes and at expected values; declines in the value of our real estate assets; unforeseen terminations of our management or franchise agreements; changes in federal, state, local, or foreign tax law;
increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital
markets and our ability to access such markets; changes in the competitive environment in our industry, including as a result of the COVID-19 pandemic, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program
and Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; violations of regulations or laws related to our franchising business and licensing businesses and our international
operations; and other risks discussed in the Company's filings with the SEC, including our annual report on Form 10-K, which filings are available from the SEC. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety
by the cautionary statements set forth above. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this presentation. We do not undertake or assume any obligation to update publicly any of these forward-looking
statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference
should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Non-GAAP Financial Measures

Th is p r es e n ta t i o n i nc l u de s re f e r e nc es t o ce r t ai n f i n an ci a l m e as u r es, e ac h i de n t i fi e d w i t h t h e sy m b ol l“ †” , t h a t a r e no t c al cu l a t ed o r p r es e n t ed i n ac co r d a nc e w i t h g en e r al ly a cc e p te d a cc o u n ti n g pr i nc ip l es i n t he
U ni t ed S t a t es (“ G A A P ” ). Th es e n o n-G A A P fi n a nc i al m ea s ur es h av e im p o r t an t l im i ta t i o ns a n d s h ou l d n o t be c o nsi d e r ed i n i s ol a ti o n o r as a s u bs t i t u t e f or m ea s ur es o f th e C om p a ny ’s fi n a nc i al p e r fo r ma n ce p r e p ar e d in
acc o r d an c e w it h G A A P . I n a dd i ti o n, t h es e n o n -G A A P fi n a nc i al m e as u r es, as pr es e n t e d, m ay n o t b e c o mp a r a bl e t o si mi la r ly ti t l ed m ea s ur es o f o th e r c om p a ni e s d u e to v a ry i n g m e t h od s o f ca lc u la t i o ns. F o r h ow w e
define the non-G A A P financi al measures and a reconcili a ti o n of each non-G A A P financi a l measure to the most directly comparab l e G A A P measure, please refer to the A ppendix at the end of this present a t i on.

Key Business Metrics

Th is pr e se n t a t io n in cl u d es r e fe r e nc es t o c e r t ai n k ey b us i ne ss m e t ri cs us e d by t he C om p a ny , e ac h i d e n ti f i ed w i t h t h e sy m bo l “ ” . F or h ow w e d e f i ne t h es e me t r ics, pl e as e r e f er t o t he A p p en d ix a t t he e n d o f th is
present a t io n.

3
 AGENDA
OPENING | No ah Ho p p e , SVP Inve sto r Re latio ns and FP&A

THE NEW HYATT | Mark Ho p lamazian, Pre sid e nt & CEO

Mark Ho p lamazian, Pre sid e nt & CEO | Ro d rig o Llag uno , Gro up Pre sid e nt,
POWER OF THE ALG PLATFORM | Unlimite d Vacatio n Club | Ray Snisky, Gro up Pre sid e nt, ALG Vacatio ns

PERSONALIZI NG THE GUEST & CUSTOMER EXPERI ENCE | Mark Vo nd rase k, EVP & CCO

GROWING WITH INTENT | Mark Ho p lamazian, Pre sid e nt & CEO

WORLD OF CARE | Marg are t Eg an, EVP Ge ne ral Co unse l & Se cre tary

DRIVING FINANCI AL RESULTS | Jo an Bo ttarini, EVP & CFO

65 YEARS | Fire sid e Chat: To m Pritzke r & Mark Ho p lamazian

T H E C AP E , A T H O MP S ON Q&A | Exe cutive Pane l & Clo sing

H O T E L , ME XI C O

4
SPEAKERS

Thomas Mark Joan

Pritzker Hoplamazian Bottarini
EXECUTIVE PRESIDENT & CHIEF EVP & CHIEF
CHAIRMAN EXECUTIVE OFFICER F I N AN C I AL OF F I CER

Margaret Mark Ray Rodrigo

Egan Vondrasek Snisky Llaguno
EVP GENERAL EVP & CHIEF GROUP PRESIDENT, GROUP PRESIDENT ,
COUNSEL & COMMERCIAL OFFICER ALG VACATIONS UNLIMITED VACATION
SECRETARY CLUB

AL I L A J AB AL AK H D AR , O MAN
5
HYATT
YESTERDAY
2009

H o t e ls a s o f 2 0 0 9

Hotels 399 Hotel

Rooms
120K Sub-
Markets
~270 Pipeline
Rooms
27K
2009 2009 2009 2009

F i gures are as of f i s c al y ear end 2009. S ub -Ma r k e t s def i ned by S mi t h T rav el Res earc h as T rac t s bas ed on Dec embe r 2022 S T R c ons en s us . E x c l udes any hot el s t hat are s us pend ed f rom operat i on s .
6
HYATT
TODAY
2022 + PIPELINE

H o t e ls a s o f 2 0 2 2
P i p e line H o t el s a s o f 2 0 2 2

T R I P L E D N U M B E R O F H O T E L S , N E A R LY T R I P L E D N U M B E R O F R O O M S
& SUB- M ARKET S & QUADRUPL ED NUM BER OF PI PEL I NE ROOM S SINCE 2 0 0 9

Hotels 1,263 Hotel 304K Sub-

~700 Pipeline 117K
Rooms Markets Rooms
2022 2022 2022 2022
F i gures are as of eac h res pec t i v e y ear end. P i pel i ne Hot el s bas ed on ex ec ut ed pi pel i ne as of f i s c al y ear end 2022. S ub-Ma r k e t s d e f i n e d b y S mi t h T ra v e l Re s e a rc h a s T ra c t s b a s e d o n De c e mb e r 2022 ST R c ons ens us . Ex c l udes any
7
hot el s t hat are s us pende d f rom operat i o ns .
 THE NEW HYATT:
FEE BASED, RESILIENT,
& ASSET LIGHT
MARK HOPLAMAZI AN | PRESI DENT & CHIEF EXECUTI VE OFFICER

TH E D I WA C LU B B Y A LI LA , I N D I A

8
9
HYATT’S INTENTIONAL EVOLUTION
YESTERDAY TODAY TOMORROW
2009 2022 2025

$60M
~$750M
$473M
F ree C as h F low † Free Cash Flow †
Free C ash Flow †

>1,500
1,263
399 H otels Hotels
Hotels

37% 75% >80%

As s et-Light Earnings M ix 1 A sset-Lig h t E arnings M ix 
Asset- Lig h t Ear nings Mix 

1 A s s et -Li g ht E arni ngs Mi x  f or 2009 does not i nc l ude Net Def err al s  and Net F i nanc ed Cont rac t s  i n t he c al c ul at i on .
F i gures as of eac h res pec t i v e f i s c al y ear end.
T he Compan y ’ s i l l us t rat i v e l ong -t e r m F ree Cas h F l ow out l ook and i l l us t rat i v e l ong -t e r m out l ook f or 2025 are bas ed on a number of as s umpt i o ns t hat are s ubj ec t t o c hange and many of w hi c h are out s i de t he c ont rol of t he 10
Company . I f ac t ual res ul t s v ary f rom t hes e as s umpt i o ns , t he Compan y 's ex pec t at i on s may c hange. T here c an be no as s uranc e t hat t he Compan y w i l l ac hi ev e t hes e res ul t s .
DECISIVE, THOUGHTFUL ACTIONS SINCE 2007 POSITION HYATT AS
A HIGH-GROWTH, ASSET LIGHT COMPANY
PHASE 1: LAY THE GROUNDWORK PHASE 2: ACCELERATE GROWTH & ASSET-LIGHT EARNINGS MIX
2007 – 2016 2017-2022

Built Development Team Lead Industr y in Growth | Sell Owned Assets| Acquire Asset-Light Platfor ms

Launched & Scaled Brands

25%
Recycled Assets for
Strategic Growth
53% 47% 43%
28 pt
Increase in Asset-Ligh t Earnings
Mix in Just 5 Years

75%
53% 57%
47%

Covid-19 Impacted
2017 2018 2019 2020 2021 2022

Real Estate Ear nings Mix  Asset- L i gh t Ear nings Mix 

F i gures as of eac h res pec t i v e f i s c al y ear end; 2017 f i gures bas ed on f i nanc i al s res t at e d i n 2018 f i nanc i al s t at emen t s . 11
 T H E B E E K MAN , N E W YO R K

STRATEGIC INVESTMENTS & EXPANSION OF BRANDS

HAVE DRIVEN LOYALTY & PREFERENCE
ORGANI C BRANDS Select
Luxury PLATFORM S
LAUNCHED Service
Wellbeing ACQUI RED

Luxury /
Lifestyle Lifestyle

All-Inclusive All-Inclusive

LOYALTY PROGRAM
RELAUNCH + DATA &
DIGITAL INVESTM ENT S
12
WE’RE TRANSFORM ING
HOW WE WORK Outcome-Centricity

DRIVING A CULTURE OF Experimentation: Create, Test, Learn, and Adjust Rapidly

AGILITY & Push Decision Making Down

SPEED Cross-Functional Collaboration and Decision-Making

13
 AN D AZ B AL I , I N D O N E S I A

Re su lting in ...
A FUNDAMENTALLY DIFFERENT COMPANY TODAY

Industry Leading Growth Strategic Investments in Driving a Culture of Transformation, Differentiation, &
& Acquisitions Data, Digital, & Loyalty Agility & Speed Cash Flow Generation

14
 OUR TRANSFORMATION IS DRIVING
VALUE FOR SHAREHOLDERS…
WE ARE MORE FEE BASED, ASSET LIGHT, CASH FLOW GENERATI VE, & RESILIENT

>40% increase $473M

in Adjusted EBITDA † + Net Deferrals  + Net Free Cash Flow † generation in 2022,
Financed Contracts  in 2022, over 2019 1 new record by nearly 50%

$2B ~$90M
Returned to shareholders through share Reduction in annualized run -rate of
repurchases and dividends since year-end 2017 2 capital expenditures since 2017

AN D AZ C AP I T AL G AT E , AB U D H AB I

1 I nc l udes t he addi t i on of Net Def err al s  and Net F i nanc ed Cont rac t s  s i nc e t he ac qui s i t i o n of A ppl e Lei s ure G roup (“ A LG ” ) on Nov embe r 2, 2021.
2 S hare repurc ha s e s s i nc e Dec emb e r 31, 2017. 15
F i g u re s a s o f f i s c a l y e a r e n d 2 0 2 2 .
… AND WE’RE OUTPACING THE INDUSTRY

SYSTEM-WIDE ROOMS VS 2017 FEE REVENUE VS 2017 PIPELINE VS 2017 LOYALTY MEMBERS VS 2017

+64 % +62 % +67 % +260 %

+37%
+31%
+114%
+22% +23%
+21%
+14% +15% +61%

+8%
+5% +15%

S ourc e: P ubl i c f i l i ngs f or Hy at t Hot el s Corpor a t i o n , Hi l t on W orl dw i de Hol di ngs I nc . , Marri ot t I nt erna t i on al I nc . , and I HG Hot el s & Res ort s .
Cal c ul at e d c ompari s o n s bas ed on y ear ends 2017 and 2022 ; 2017 f ee rev enu e f i gures bas ed on f i nanc i al s res t at e d i n 2018 f i nanc i al s t at eme nt s . 16
 H Ô T E L D U P AL AI S B I AR R I T Z —
T H E U N B O U N D C O L L E CT I O N B Y H YAT T , F R AN C E

GLOBAL MACRO TRENDS &

STRATEGIC INVESTMENTS
PROVIDE CONTINUED
TAILWINDS

Strong Industry Strength and Resilience Resurgenc e of Group Explosive Growth & Conversion Opportunities
Fundamentals Coinciding of Leisure & the High- Demand & Accelera ting Attraction to All -Inclusive of Independent Hotels
with Muted Supply End Traveler Recovery in Asia Pacific Sc heduled airlift in 2023 to Guest preferenc e and loyalty
ST R projec ting ~8% growth in Intent to T ravel for high - Group revenue booked in key all-inc lusive destinations program drive strong branded
U.S. for Luxury and Upper inc om e dem ographic s at M arc h 2023 ahead of 2019 by c ontinues to expand; up 29% ec onom ic s; less than 50% of
Upsc ale in 2024 1 ; Supply up rec ord level 4 ; Broader 30%; Asia Pac ific Oc c upanc y c om pared to 2019 and 12% Luxury hotels are branded 3
1% in 2023 and 1.3% in 2024 1 luxury growth exc eeding >70% in M arc h 2023 c om pared to 2022 2
GDP by 2x 5

1 S ourc e: S mi t h T rav el Res earc h U. S . Hot el F orec as t Rev i ew , F ebruary 2023 P ubl i c at i o n.
2 S ourc e: Ci ri um A v i at i on A nal y t i c s , as of A pri l 2023. F or t rav el f or May t o O c t ober t o k ey A l l -I nc l us i v e des t i nat i on s : A CA , CUN, CUR, CZ M, HUX , LI R, MB J , MZ T , P O P , P T Y , P UJ , P V R, S DQ , S J D, Z I G .
3
S ourc e: S mi t h T rav el Res earc h Cens us Dat a, Dec embe r 2022 P ubl i c at i o n.
4 S ourc e: A l phaW i s e US Co n s u me r P u l s e S u rv e y - Morgan S t anl ey Res earc h” , A pri l 2023 P ubl i c at i o n. 17
5
S ourc e: T he Lux ury & Li f es t y l e O pport un i t y - Mo rg a n S t a n l e y Re s e a rc h ” , A p ri l 2 0 2 3 P u b l i c a t i o n .
HYATT’S PORTFOLIO IS
OPTIMALLY POSITIONED…
2022 ROOM S REVENUE M IX 1 2022 ADJUSTED EBITDA † M IX 2
BY SEGM ENT BY HOTEL TYPE

~20%
~25%

~8%

~60% ~60%
~15% ~12%

Lux ur y , Lifes ty l e, Resor t Select Ser v ice

Leisur e T r ansient Busines s T r ansient Gr oup
Busines s / O ther Gr oup/Conv e n ti on G R AN D H YAT T B O G O T Á,
C O L O MB I A
1 Compa ra bl e s y s t em -w i d e h o t e l s  rooms rev enue i nc l us i v e of n et pac k age rev enue . G roup rev enue i nc l udes c ont rac t rooms rev enue .
2
2022 A dj us t ed E B I T DA † mi x by hot el t y pe c al c ul at ed bas ed on A dj us t ed E B I T DA † c ont ri b ut i o n of eac h hot el by B as e, I nc ent i v e , and F ranc hi s e F ees , and/ or
O w ned & Leas ed A dj us t ed E B I T DA †. 18
F i gures as of f i s c al y ear end.
 OUR VISION:
A WORLD OF UNDERSTAN D ING AND CARE

OUR M ISSION: WE DELIVER DISTIN CT IVE EXPERIEN CES FOR OUR GUESTS

OUR VALUES: EM PATHY, EXPERIM ENT AT IO N, INCLUSION , INTEGRIT Y, RESPECT, WELLBEING

…WE HAVE
THE RIGHT OUR STRATEGY
M AXIMIZE OUR CORE
BUSINESS
I NTEGRATE NEW
GROWTH PLATFORMS
OPTIMIZE CAPITAL &
RESOURCE DEPLOYM ENT

STRATEGY TO
CAPITALIZE OUR PLAN CULTIVATE THE BEST DRIVE GUEST & OPERATE GROW
PEOPLE & EVOLVE CUSTOMER WITH WITH
THE CULTURE PERSONALIZATION EXCELLENCE INTENT

OUR PURPOSE: WE CARE FOR PEOPLE SO THEY CAN BE THEIR BEST

19
 ACCELERATING OUR
TRANSFORMATION
UNLOCKI NG VALUE AND DRIVING FREE CASH FLOW †

A LILA FORT BISH ANGARH , IN DIA

20
EARNINGS FROM ACQUISITIONS
HAVE DOUBLED EARNINGS LOST
FROM DISPOSITIONS SINCE 2017…

SOLD $3.8B NET ACQUIRED $3.6B

REAL ESTATE ASSET-LIGHT PLATFORMS
AT ~8X MULTIPLE
AT >16X MULTIPLE

~$60M N et Finance d C ontrac t s 

~$95M
N et Deferr a ls 

A djuste d E B I TDA †

~$225M
~ $ 225M ~ $ 300M

Ad juste d EBITDA † Lo st 2022 Earning s Gaine d

fro m Disp o sitio ns thro ug h Acq uisitio ns
T H O MP S O N C E N T R AL P AR K ,
N E W YO R K

F i gures as of f i s c al y ear end 2022.

E arni ngs def i ned as A dj us t ed E B I T DA † pl us Net Def err al s  pl us Net F i nanc ed Cont rac t s  ; A c qui red as s et -l i gh t p l a t f o r ms i n c l u d e Mi ra v a l , T w o Ro a d s Ho s p i t a l i t y , a n d A p p l e L e i s u re G ro u p . 21
.
 H Y A TT R E G E N C Y TH E SSA LON IKI , G R E EC E

… ASSET-LIGHT TRAJECTORY
DECREASES CAPITAL EXPENDITURES

~$ 321M

$ 201M

2017-2 01 9 Cap ital 2022 Cap ital

Exp e nd iture s Ave rag e Exp e nd iture s

A v erage Capi t al E x pendi t ur es c al c ul at e d f rom f i g u re s a s o f e a c h re s p e c t i v e f i s c a l y e a r e n d . 2 0 2 2 Ca p i t a l E x p e n d i t u r e s as of fi s c al y ear end 2022.

. 22
 A LI LA K O TH A I F A R U M A LDI V E S ,
I N DO N E S IA

…RESULTING IN RECORD FREE CASH FLOW †

473
Free Cash Flow †
(In Millions, USD)

Covid-19
Impacted
289
269
251
224 220
198
140

60 62
29 44
27

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

F i gures c al c ul at ed f rom publ i c f i l i ngs as of eac h res pec t i v e f i s c al y ear end ; 2016 and 2017 f i gures bas ed on f i nanc i al s res t at e d i n 2018 f i n a n c i a l s t a t e me n t s .
23
 ALILA U BU D, IN DON ESIA

WE A RE MORE

FEE BASED
ASSET LIGHT
CASH FLOW GENERATIVE
RESILIENT
… AND OUR JOURNEY IS NOT COMPLETE

24
 S C H L O S S R O XB U R G H E, U N I T E D K I N G D O M

FREE CASH FLOW † EXPECTED TO INCREASE ~60% FROM 2022

TO 2025 DRIVEN BY OVER $1.2 BILLION IN FEE REVENUE
Free Cash Flow †
(In Millions, USD)
750

550 >80%
Covid-19 473
Impacted
2025 Asset-Light
269 251 289 Earnings Mix Drives
198 224 220 strong Free Cash Flow †
140
29 60 62 44 27

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E 2025E

F i gures c al c ul at ed f rom publ i c f i l i ngs as of eac h res pec t i v e f i s c al y ear end; 2016 and 2017 f i gures bas ed on f i nanc i al s res t at e d i n 2018 f i n a n c i a l s t a t e me n t s .
T he Compan y ’ s i l l us t rat i v e l ong -t e r m out l ook f or 2024 and 2025, and i l l us t rat i v e l ong -t e r m F ree Cas h F l ow † out l ook are bas ed on a number of as s umpt i on s t hat are s ubj ec t t o c hange and many of w hi c h are out s i de t he 25
c ont rol of t he Company . I f ac t ual res ul t s v ary f rom t hes e as s umpt i o ns , t he Compan y 's ex pec t at i on s may c hange. T here c an be no as s uranc e t hat t he Compan y w i l l ac hi ev e t hes e res ul t s .
CAPACITY TO EXPAND SELL -DOWN COMMITMENT BEYOND 2024:
ESTIMATED $2.6B-$3.2B IN OWNED ASSET VALUE REMAINING AFTER
COMPLETION OF CURRENT SELL -DOWN COMMITMENT

~$300M 13x to 15x $3.9B $4.5B

to
Owned Hotel Adjusted EBITDA 1 Assum ed M ultiple

Subtracti ng $ 1.3B
Rem aining Dispositi on Com m itm en t by YE 2024

$ 2.6B to
$
Im plied Owned Real Estate Value Rem ainin g After Com pleti o n of Current Dispositi on Com m itm en t
3.2B
H YAT T R E G E N C Y AR U B A R E S O R T S P A
AN D C AS I N O , AR U B A
1. E s t i mat e d bas ed on our c urrent ow ned and l eas ed hot el port f ol i o and as s umi ng s t abi l i z ed perf or ma nc e at Hy at t Regenc y I rv i ne
T he Compan y ’ s l ong -t e rm o u t l o o k a n d i l l u s t ra t i v e p ro f o rma o w n e d h o t e l A d j u s t e d E B I T DA † out l ook are bas ed on a number of as s umpt i o ns t hat are s ubj ec t t o c hange and many of w hi c h are out s i de t he c ont rol of t he 26
Company . I f ac t ual res ul t s v ary f rom t hes e as s umpt i o ns , t he Compan y 's ex pec t at i on s may c hange. T here c an be no as s uranc e t hat t he Compan y w i l l ac hi ev e t hes e res ul t s .
 DISCIPLINED APPROACH
TO ACQUISITIONS
WE WILL CONTINUE FOCUSING ON VALUE ACCRETIVE PLATFORMS
WHILE RETURNING EXCESS CAPITAL TO SHAREHOLDERS

Asset-Light Earnings

Complementary or Adjacent Customer Base

Significant Embedded & Prospective Growth

Expands Geographic Footprint

C AR ME L VAL L E Y R AN C H , C AL I F O R N I A
Offers Compelling Guest Experience

27
 STRATEGIC
ACQUISITIONS
A DEEPER DIVE INTO HYATT’S TRANSFORMATI ON

M I RA V A L A RI ZO N A RE S O RT A N D
S P A , A R I ZO N A

28
 Acq uire d Acq uire d Acq uire d Acq uire d
2017 2018 2021 2023

ACQUISITIONS TRANSFORM HYATT PORTFOLIO, INCREASE GUEST

CHOICE, ENHANCE LOYALTY, AND DRIVE STRONG RESULTS

29
 LEADING IN LUXURY

M ir aval ex t end s our r eac h

int o wellbeing & is d eeply
valued by our m os t loyal To tal Re ve nue PAR
$915

g ues t s (TRe vPAR)

$487

~$400M
Acq uisitio n Price + De ve lo p me nt Cap Ex

~$35M $186
EBITDA PAR
2023E Ad juste d EBITDA †
$110

45 %
Wo rld o f Hyatt
Ro o m Nig ht Miraval U.S. Luxury Chain Scale
M I RA V A L A RI ZO N A RE S O RT A N D Co ntrib utio n
S P A , A R I ZO N A

T he Compan y ’ s l ong -t e rm out l ook i s bas ed on a number of as s umpt i o ns t hat are S o u rc e : U. S . L u x u ry Ch a i n S c a l e f i g u re s f ro m “ S mi t h T ra v e l Re s e a rc h

s ubj ec t t o c hange and many of w hi c h are out s i de t he c ont rol of t he Compan y . I f U. S . Mo n t h l y P & L Re v i e w ” , De c e mb e r 2 0 2 2 P u b l i c a t i o n .
ac t ual res ul t s v ary f rom t hes e as s umpt i o ns , t he Company ' s ex pec t at i o ns may W o rl d o f Hy a t t , T Rev P A R, and E B I T DA P A R f i gures as of f i s c al y ear end 2022. 30
c hange. T here c an be no as s uranc e t hat t he Company w i l l ac hi ev e t hes e res ul t s . .
 ACCELERATING GROWTH

18

Two Road s Hos pit alit y is a

hig h- g r owt h plat f or m
em br ac ed by our m em ber s
12
~$467M
10
Acq uisitio n Price

~$50M
2023E Fe e s 5

+
~$30M 43 %
Wo rld o f Hyatt
Estimate d Stab ilize d Pip e line Fe e s
Ro o m Nig ht At time o f Acq uisitio n As o f Q1 2023
AL I L A VE N T AN A B I G S U R , Co ntrib utio n
C AL I F O R N I A
Open Room s Pipeli n e
T h e Co mp a n y ’ s l o n g-t e rm out l ook i s bas ed on a number of as s umpt i o ns t hat are (in thousan d s)
s u b j e c t t o c h a n g e a n d ma n y o f w h i c h a re o u t s i d e t h e c o n t ro l o f t h e Co mp a n y . I f
a c t u a l re s u l t s v a ry f ro m t h e s e a s s u mp t i o n s , t h e Co mp a n y ' s e x p e c t a t i o n s ma y W o rl d o f Hy a t t Co n t ri b u t i o n as of fi s c al y ear end 2022. 31
c h a n g e . T h e re c a n b e n o a s s u ra n c e t h a t t h e Co mp a n y w i l l a c h i e v e t h e s e re s u l t s . .
 LEADING IN ALL-INCLUSIVE

A LG has been our ALG Re so rts (Ro o ms)

34
m os t t r ans f or m at ive
ac q uis it ion

$231M $2.7B
2022 Ad juste d EBITDA † Acq uisitio n Price

+
$94M 31

2022 Net Defer r als 

+ 21 %
$63M Wo rld o f Hyatt
Ro o m Nig ht
S E C R E T S C AP C AN A R E S O R T & S P A, 2022 Net F inanced Contr acts  Co ntrib utio n At Time o f Acq usitio n Ye ar-e nd 2022
D O MI N I C AN R E P U B L I C
(in thousan d s)

A d j u s t e d E B I T DA † , Net Def err al s , and Net F i nanc ed Cont rac t s  W o rl d o f Hy a t t Co n t ri b u t i o n b a s e d o n t h e t h re e- m on t h peri od ended Marc h 31, 2023.
f i g u re s a s o f f i s c a l y e a r e n d 2 0 2 2 . .
32
 EXPANDING LIFESTYLE REACH
Dr eam Hot el G r oup
ac q uis it ion br oad ens DHG Ho te ls

our lif es t yle r eac h & 24

pr ovid es d if f er ent iated
ex per ienc e f or our
loyal m em ber s
12

~$125M ~$12M
Ac quisition Pric e Expec ted M anagem ent
Fees 1 of Open Hotels Op e n Ho te ls Sig ne d Ag re e me nts

Up to Up to Extends footpr i n t in key m arkets: Nashville, Hollywood ,

$175M $27M South Beach, Durham , New York City, and Catskills

Contingent Consideration Expec ted M anagem ent Signed long-term agreem ents represent additi o na l
through 2028 Fees 1 of Signed destina ti o ns includin g Las Vegas, Saint Lucia, and Doha
D R E AM D O W N T O W N , N E W YO R K Agreem ents if opened

1 E x pec t ed manage m en t f ees f rom open hot el s bas ed on s t abi l i z at i on i n 2024. T h e Co mp a n y 's l o n g-t er m out l ook are bas ed on a number of as s umpt i o ns t hat are
O p e n hot el s and s i gned agreem en t s f i gures as of Marc h 31, 2023. s u b j e c t t o c h a n g e a n d ma n y o f w h i c h a re o u t s i d e t h e c o n t ro l o f t h e Co mp a n y . I f
a c t u a l re s u l t s v a ry f ro m t h e s e a s s u mp t i o n s , t h e Co mp a n y ' s e x p e c t a t i o n s ma y c h a n g e .
T h e re c a n b e n o a s s u ra n c e t h a t t h e Co mp a n y w i l l a c h i e v e t h e s e re s u l t s . 33
 S E C R E T S L AN Z AR O T E R E S O R T & S P A, S P AI N

OUR ACQUISITIONS DRIVE DIFFERENTIATION &

SERVE AS A PLATFORM FOR LONG -TERM GROWTH

>50K ~20K
Luxury, Life style , o r Re so rt Pip e line
Ho te l Ro o ms

>$500M ~8X
Stab ilize d Earning s Ag g re g ate Earning s Multip le
Co ntrib utio n Estimate On Purchase Price

E arni ngs Cont ri b ut i o n E s t i mat e def i ned as A dj us t ed E B I T DA † pl us Net Def er ra l s , and Net F i nanc ed Cont ra c t s ; S t abi l i z ed E arni ngs Cont ri bu t i o n E s t i mat e i nc l udes s t abi l i z ed as s umpt i o n f or Dream Hot el G roup A c qui s i t i o n.
E x i s t i ng i nv ent o ry and pi pel i ne as of Marc h 31, 2023; i nc l udes as s umpt i o n f or pi pel i ne rooms f or Dream Hot el G roup.
T he Compan y 's l ong -t e r m o u t l o o k i s b a s e d o n a n u mb e r o f a s s u mp t i o n s t h a t a re s u b j e c t t o c h a n g e a n d ma n y o f w h i c h a re o u t s i d e t h e c ont rol of t he Company . I f ac t ual res ul t s v ary f rom t hes e as s umpt i o ns , t he Company ' s 34
ex pec t at i o ns may c hange. T here c an be no as s uranc e t hat t he Company w i l l ac hi ev e t hes e res ul t s .