REG - Interco. Hotels Grp - Final Results

Intercontinental HotelsAnnouncement

18/02/2025 07:15

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RNS Number : 4305X  InterContinental Hotels Group PLC  18 February 2025

InterContinental Hotels Group PLC

Full Year Results to 31 December 2024

18 February 2025

 

InterContinental Hotels Group PLC's Full Year Results to 31 December 2024
announcement is available at
http://www.rns-pdf.londonstockexchange.com/rns/4305X_1-2025-2-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/4305X_1-2025-2-17.pdf)

 

The Full Year Results announcement, together with accompanying materials, will
also be available on the IHG PLC website
www.ihgplc.com/en/investors/results-and-presentations
(https://www.ihgplc.com/en/investors/results-and-presentations) and the
results announcement has also been submitted in full unedited text to the
Financial Conduct Authority's National Storage Mechanism and will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Presentation for analysts and institutional shareholders:

A pre-recorded webcast presented by Elie Maalouf, Chief Executive Officer, and
Michael Glover, Chief Financial Officer, will be available from 7:00am (London
time) on Tuesday 18 February 2025 at
www.ihgplc.com/en/investors/results-and-presentations
(http://www.ihgplc.com/en/investors/results-and-presentations) .

 

A live Q&A session will be hosted later this morning at 9:30am (London
time). This can be listened to via
www.ihgplc.com/en/investors/results-and-presentations
(http://www.ihgplc.com/en/investors/results-and-presentations)
(pre-registration required). Analysts and institutional investors wishing to
ask questions are required to use the following dial-in details for access to
the Q&A facility:

 

UK: 020 3936 2999

US: 646 233 4753

Other international: click here
(https://urldefense.com/v3/__https:/www.netroadshow.com/conferencing/global-numbers?confId=76231__;!!EOxaMA!V5JAtLmNfCzMRW_2ujSFlVLwTWd-FQ4iuFnnknHQ1XdLoA683djkvariIGDDXLBU_ON0860OiL8zdIrSfgG8ftI$)

Passcode: 835445

 

An archived replay including the Q&A session is expected to be available
within 24 hours and will remain available at
www.ihgplc.com/en/investors/results-and-presentations
(http://www.ihgplc.com/en/investors/results-and-presentations) .

 

Dividends

The Board is proposing a final dividend of 114.4¢ in respect of 2024, an
increase of 10% on 2023. With the interim dividend of 53.2¢ paid in October
2024, the total dividend for the year would therefore be 167.6¢, representing
an increase of 10% on 2023. The ex-dividend date for ordinary shares is
Thursday 3 April 2025 and for American Depositary Receipts the ex-dividend
date is Friday 4 April 2025. The record date (for both ordinary shares and
American Depositary Receipts) is Friday 4 April 2025. The corresponding
dividend amount in Pence Sterling per ordinary share will be announced on
Monday 28 April 2025, calculated based on the average of the market exchange
rates for the three working days commencing 23 April 2025. Subject to
shareholder approval at the AGM on Thursday 8 May 2025, the dividend will be
paid on Thursday 15 May 2025. A Dividend Reinvestment Plan ("DRIP") is
provided by Equiniti Financial Services Limited. The DRIP enables the
Company's shareholders to elect to have their cash dividend payments used to
purchase the Company's shares. More information can be found at
www.shareview.co.uk/info/drip (http://www.shareview.co.uk/info/drip) . The
cut-off date and time for the receipt of DRIP elections for the final dividend
referred to above is 23 April 2025 at 5:00pm (UK time).

 

For further information, please contact:

 Investor Relations:  Stuart Ford (+44 (0)7823 828 739); Kate Carpenter (+44 (0)7825 655 702);

                      Joe Simpson (+44 (0)7976 862 072)
 Media Relations:     Neil Maidment (+44 (0)7970 668 250); Mike Ward (+44 (0)7795 257 407)

 

About IHG Hotels & Resorts:

IHG Hotels & Resorts (https://www.ihgplc.com) (LON:IHG for Ordinary Shares
(ISIN: GB00BHJYC057), NYSE:IHG for ADRs (ISIN: US45857P8068)) is a global
hospitality company, with a purpose to provide True Hospitality for Good.

 

With a family of 19 hotel brands and IHG One Rewards
(https://urldefense.com/v3/__http:/email.investis.com/ls/click?upn=T-2Fn3OVRavEvfp-2BcwHA4A99imKpoqIJxvmXwKaaQPh-2F0-3DygFb_ojq2lu66bX8JNKV7VmBiOZ2gLVi27eAYFqE40NVToEeeHiYKncxdBspif1mQlBK7ih-2B5rzYsrNnDqgQn1wszyhe5xRGUvld0NWW3KwpUnWtxiJsqB0ttFTF4eNwtEIP6Oq8lyDW5KoQFtyJe-2Bm18YjgiHAhr23RBEd1PKOwFYY8z7PScBuJSe1ztaC6p56jTzGST-2Fvc-2BetCMz1pPnnGDUjyivzqA2pH29Vmiz8T-2BmmunkBHoR5LSxI1VjgVEsv7cApWyuKiG8-2BGNJnO5ejYTcA-3D-3D__;!!EOxaMA!CjjXZ7KAZ7idANJdcoLB7daWoS810tckeGbds16Y8bqw50-1iPUaVwYwmb01-ewc$)
, one of the world's largest hotel loyalty programmes, IHG has over 6,600 open
hotels in more than 100 countries, and a development pipeline of over 2,200
properties.

 

-     Luxury & Lifestyle: Six Senses Hotels Resorts Spas
(https://www.sixsenses.com/) , Regent Hotels & Resorts
(https://www.regenthotels.com/) , InterContinental Hotels & Resorts
(http://www.intercontinental.com/hotels/gb/en/reservation) , Vignette
Collection (https://www.vignettecollectionhotels.com/) , Kimpton Hotels &
Restaurants (https://www.ihg.com/kimptonhotels/hotels/gb/en/reservation) ,
Hotel Indigo (http://www.ihg.com/hotelindigo/hotels/gb/en/reservation)

-     Premium: voco hotels
(https://www.ihg.com/voco/hotels/gb/en/reservation) , HUALUXE Hotels &
Resorts (https://www.ihg.com/hualuxe/hotels/gb/en/reservation) , Crowne Plaza
Hotels & Resorts (http://www.ihg.com/crowneplaza/hotels/gb/en/reservation)
, EVEN Hotels (http://www.ihg.com/evenhotels/hotels/us/en/reservation)

-     Essentials: Holiday Inn Express
(http://www.ihg.com/holidayinnexpress/hotels/gb/en/reservation) , Holiday Inn
Hotels & Resorts (http://www.ihg.com/holidayinn/hotels/gb/en/reservation)
, Garner hotels (https://www.ihg.com/content/us/en/garner-hotels) , avid
hotels (https://www.ihg.com/avidhotels/hotels/us/en/reservation)

-     Suites: Atwell Suites (https://www.atwellsuites.com/) , Staybridge
Suites (http://www.ihg.com/staybridge/hotels/gb/en/reservation) , Holiday Inn
Club Vacations
(https://www.ihg.com/holidayinnclubvacations/hotels/us/en/reservation) ,
Candlewood Suites (http://www.ihg.com/candlewood/hotels/us/en/reservation)

-     Exclusive Partners: Iberostar Beachfront Resorts
(https://www.ihg.com/content/us/en/iberostar-beachfront-resorts)

 

InterContinental Hotels Group PLC is the Group's holding company and is
incorporated and registered in England and Wales. Approximately 385,000 people
work across IHG's hotels and corporate offices globally.

 

Visit us online for more about our hotels and reservations
(http://www.ihg.com) and IHG One Rewards
(https://urldefense.com/v3/__http:/email.investis.com/ls/click?upn=T-2Fn3OVRavEvfp-2BcwHA4A99imKpoqIJxvmXwKaaQPh-2F0-3DygFb_ojq2lu66bX8JNKV7VmBiOZ2gLVi27eAYFqE40NVToEeeHiYKncxdBspif1mQlBK7ih-2B5rzYsrNnDqgQn1wszyhe5xRGUvld0NWW3KwpUnWtxiJsqB0ttFTF4eNwtEIP6Oq8lyDW5KoQFtyJe-2Bm18YjgiHAhr23RBEd1PKOwFYY8z7PScBuJSe1ztaC6p56jTzGST-2Fvc-2BetCMz1pPnnGDUjyivzqA2pH29Vmiz8T-2BmmunkBHoR5LSxI1VjgVEsv7cApWyuKiG8-2BGNJnO5ejYTcA-3D-3D__;!!EOxaMA!CjjXZ7KAZ7idANJdcoLB7daWoS810tckeGbds16Y8bqw50-1iPUaVwYwmb01-ewc$)
. To download the IHG One Rewards app, visit the Apple App
(https://apps.apple.com/us/app/ihg-hotel-deals-rewards/id368217298) or Google
Play (https://play.google.com/store/apps/details?id=com.ihg.apps.android)
stores.

 

For our latest news, visit our Newsroom
(https://www.ihgplc.com/en/news-and-media) and follow us on LinkedIn
(https://www.linkedin.com/company/ihghotels&resorts/) .

 

This announcement contains certain forward-looking statements as defined under
US legislation (Section 21E of the Securities Exchange Act of 1934) with
respect to the financial condition, results of operations and business of the
Group and certain plans and objectives of the Board of Directors of
InterContinental Hotels Group PLC with respect thereto. Such statements
include, but are not limited to, statements made in the Chair's statement and
in the Chief Executive Officer's review. These forward-looking statements can
be identified by the fact that they do not relate only to historical or
current facts. Forward-looking statements often use words such as
'anticipate', 'target', 'expect', 'estimate', 'intend', 'plan', 'goal',
'believe', or other words of similar meaning. These statements are based on
assumptions and assessments made by the Group's management in light of their
experience and their perception of historical trends, current conditions,
expected future developments and other factors they believe to be appropriate.

 

By their nature, forward-looking statements are inherently predictive,
speculative and involve risk and uncertainty. There are a number of factors
that could cause actual results and developments to differ materially from
those expressed in, or implied by, such forward-looking statements, including,
but not limited to: the Group's exposure to a competitive and changing
industry; the Group's reliance on the reputation of its existing brands and
exposure to inherent reputation risks; the Group's exposure to inherent
uncertainties associated with brand development and expansion; the Group's
reliance on the ongoing appeal of our Loyalty programme; the Group's exposure
to a variety of risks related to identifying, securing and retaining franchise
and management agreements; the Group's exposure to the risks of hotel industry
overcapacity; the Group's requirement to have the right people, skills and
capability to manage growth and change; the risk that the Group's collective
bargaining activity could disrupt operations, increase labour costs or
interfere with the ability of management to focus on executing business
strategies; the Group's exposure to cybersecurity and data privacy risks; the
Group's exposure to intellectual property risks; the risk that the Group's
reputation and the value of its brands are influenced by the perception of
various stakeholders of the Group; the Group's requirements to comply with
existing and changing regulations and act in accordance with societal
expectations across numerous countries, territories and jurisdictions; the
Group's exposure to the risk of litigation; the potential for domestic and
international environmental laws and regulations to cause the Group to incur
substantial costs or subject the Group to potential liabilities; the Group's
financial performance being affected by changes in tax laws; the Group's
dependence on a wide range of external stakeholders and business partners; the
Group's exposure to a variety of risks associated with safety, security and
crisis management; the Group's reliance on the resilience of its reservation
system and other key technology platforms and the exposure to risks that could
disrupt their operation and/or integrity; the Group's exposure to political
and economic developments; the Group's exposure to continued disruption and
consequences from the war in Ukraine; the Group's exposure to disruption and
consequences from the conflict in the Middle East; the potential for the Group
to face difficulties insuring its business; the Group's exposure to risks
related to executing and realising benefits from strategic transactions,
including acquisitions and restructuring; the Group's exposure to a variety of
risks associated with its financial stability and ability to borrow and
satisfy debt covenants; the dependence of the Group's operations on
maintaining sufficient liquidity to meet all foreseeable medium-term
requirements and provide headroom against unforeseen obligations; the Group's
exposure to an impairment of the carrying value of its brands, goodwill or
other tangible and intangible assets negatively affecting its consolidated
operating results; the Group's exposure to fluctuations in exchange rates,
currency devaluations or restructurings and to interest rate risk in relation
to its borrowings; the potential for the Group to be affected by credit risk
on treasury transactions; the Group's exposure to inherent risks in relation
to changing technology and systems; the Group's integration of AI technologies
into our processes and systems; the Group's exposure to competition from
online travel agents and intermediaries; the Group's exposure to the risk of
events or stakeholder expectations that adversely impact domestic or
international travel, including climate change; the Group's exposure to
climate change and sustainability risks; and the Group's exposure to risks
relating to its commitments in relation to climate change.

 

The main factors that could affect the business and financial results are
described in our Annual Report and Form 20-F.

 

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