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Leisure at Heart, Business in Mind H 1 2 0 2 6 E A R N I N G S W E B C A S T
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This report is a communication made or approved for communication by Meliá Hotels International. It is directed exclusively to eligible counterparties and professional clients. No persons other than an eligible counterparty or a professional client should read or rely on any information in this report. This research report is being distributed by Meliá Hotels International, purely as a resource and for general information purposes and only contains general information; therefore, this report does not take account of the specific circumstances, investment objectives, financial position or risk profile of any recipient and should not be relied upon as authoritative or taken in substitution for the exercise of judgement by recipient. Each recipient should consider the appropriateness of any investment decision having regard to their own circumstances, the full range of information available and appropriate professional advice. 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H1 2026 Introduction & Financials 123 45 Development & Outlook Operational Overview Q&A Senior Executive Team Live July 31st 2026 at 09:30 AM Closing Remarks Gabriel Escarrer President & CEO André Gerondeau Chief Operating Officer André Gerondeau Chief Operating Officer Gabriel Escarrer President & CEO INNSIDE AMSTERDAM | AMSTERDAM 3
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Introduction1 MELIÁ VALENCIA | VALENCIA, SPAIN Mexico Certain events affected business in Mexico during the period. Cuba Ceasing operations in Cuba, now shown as discontinued operations – Impairment of €79 Million Solid demand Consolidated destinations with strong demand with healthy leisure travel trends. RevPar & expansion strategy Leading RevPar Growth Expansion driving corporate growth. “Solid execution in main markets, bottom line affected by ceased operations in Cuba” 4 4
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Financials1 • Consolidated Revenues Ex. capital gains increase thanks to perimeter changes and RevPar Evolution. • Operating Expenses increase likewise on perimeter changes. • Variable rentals showing the effect of First Half operation of new hotels under such contracts. • EBITDA increased by 2.5%, despite growth on Variable Rentals and P.Cancun and Gran Meliá Don Pepe absence. • Group Net Profit affected by impact of discontinued operations in Cuba explained by impairments amounting to €79.4 M. • Cost of debt remains stable at 4.1% In EUR Million H1 2026 H1 2025* Var. Consolidated Revenues 1,049.7 982,5 +6.8% Operating Expenses (772.9) (719,8) -7.4% EBITDAR 276.8 262.7 +5.4% Variable Rentals (29.7) (19.3) -54.1% EBITDA 247.1 243.4 1.5% D&A (122.1) (122.1) +0.0% EBIT 125.0 121.3 +3.1% Net Financial Result (31.5) (35.8) +11.8% JV & Associates 5.1 28.9 -82.4% EBT 98.6 114.4 -13.9% Taxes (15.1) (29.3) +48.6% P&L from continuing operations 83.5 85.2 -2.0% P&L from discontinued operations (79.4) 3.4 N/A Group Net Profit 4.1 88.5 -95.4% 3rd Party Management Fees 28.0 24.2 +15.5% Ex. Capital Gains Consolidated Revenues 1,047.4 978,0 +7.1% EBITDA 244.8 238.9 +2.5% * 2025 H1 comparatives have been restated following the classification of Cuba as discontinued operations. Consolidated P&L 5
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Margins Evolution – Ex Capital Gains Financials 1 In EUR thousand H1 2026 H1 2025 Var. Consolidated Revenues 1,047,417 978,028 +7.1% Operating Expenses (772,890) (719,847) -7.4% EBITDAR 274,527 258,181 +6.3% EBITDAR Margins 26.2% 26.4% -19 bps Variable Rentals (29,747) (19,298) -54.1% EBITDA 244,780 238,884 +2.5% EBITDA Margin 23.4% 24.4% -106 bps Strong fundamentals Margins impacted by temporary factors, although Strong Business fundamentals FX evolution FX headwinds affected revenues and costs Renovation in key Assets Key assets not fully contributing, margins with growth potential 6
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Financials 1 Debt Evolution Net Debt Net Debt Ex. Rentals €2,149.2M €843.7 +65,1M vs FY2025 -51,7M vs FY2025 Robust liquidity position and limited near-term refinancing requirements allow the Group to focus on growth, repositioning opportunities and value creation.d 29,0 17,5 48,0 50,7 368,1 415,4 - 52,5 2026 2027 2028 2029 2030 >5 years Bank Loans & Others Capital Markets Debt Maturity Profile 7
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Meliá Genova • Hotel located in premium location with 99 rooms • Previously under lease agreement Innside New York NoMad • Position of 20% undertaken together with a partner • +300 rooms hotel located in Manhattan constructed in 2016. • Previously under lease agreement, now under management contract Meliá Benidorm • 31% of the property acquired • Amounting to € 26.1M / 50% paid Capital Allocation in 2026 – Main Projects Gran Meliá Don Pepe • Renovation works still underway and according to Schedule. • Expected reopening: December 26’ • Total Capex remains on track € 19.0 M € 35.2 M € 26.1 M 8
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Financial Discipline ME MALTA | MALTA “Disciplined leverage with a clear objective* to keep Net Debt / EBITDA below 2.5x over the medium term” 9 9 Financials 1 * Excluding Rentals
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Strong operational performance despite a more uncertain environment. Meliá Whale Lagoon (Maldives) Operational Overview2 Resilience through diversification and destination quality. 10
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Paradisus Cancún (Mexico) Operational Overview2 -5.0% Available Rooms Systemwide +6.1% Available Rooms O&L H1 MELIA.COM* 47,9% Of Centralized Sales * Considering all own channels € 102.3 € 120.5 € 127.9 RevPar O&L Q2 +0.2% vs SPLY RevPar Systemwide Q2 +14.2% vs SPLY RevPar O&L H1 +1.3% vs SPLY RevPar Systemwide H1 € 93.5 +11.7% vs SPLY 11
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Positive demand where repositioned hotels and leisure clients led growth. Operational Overview2 Spain Occupancy, ADR and RevPar (YoY) Systemwide Data Occupancy ADR RevPar Spain Resort RevPar Q2 +7.3% H1 +4.6% Spain Urban RevPar Q2 +8.9% H1 +6.7% 3,1% 0,8% 2,7% 3,8% 5,9% 4,7% Q2 H1 Gran Meliá Palacio de los Duques | Spain 12 12
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Operational Overview 2 Gran Meliá Palazzo Cordusio | Italy Occupancy, ADR and RevPar (YoY) Systemwide Data -0,9% 0,9%1,1% 5,6% 0,1% 6,6% Q2 H1 Occupancy ADR RevPar EMEA 13
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14,0% 14,0%13,7% 5,3% 29,6% 20,0% Q2 H1 Occupancy, ADR and RevPar (YoY) Systemwide Data Operational Overview 2 Occupancy ADR RevPar Paradisus Bali | Indonesia Asia 14
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Occupancy, ADR and RevPar (YoY) Systemwide Data Operational Overview 2 Occupancy ADR RevPar Zel Punta Cana | Dominican Republic America 2,8% 2,5% -2,6% -3,8% 0,1% -1,4% Q2 H1 15
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Outlook Supportive demand trends and strong booking momentum continue to support a positive summer season despite ongoing geopolitical uncertainty. 16
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Brands The strength of our brands, premium positioning and differentiated experiences continues to drive performance and support future growth. 17
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ME Lisbon ME Málaga Strong Brands 18 18
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GOVERNANCEFOR THE PLANET FOR THE PEOPLE Good Our Team We believe talent is one of the most important differentiators in hospitality. The quality of our teams is fundamental to delivering personalized service, strengthening guest satisfaction and enhancing brand value. 19
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Positive Summer season with strong demand On the Books Maintaining RevPar Guidance for FY26 Strong summer demand across Spain, particularly in Balearic and Canary Islands Positive corporate season in Paris and London, with MICE events in Germany adding growth. Dominican Republic delivering solid demand, while Mexico gradually stabilizes Feeder markets remain solid, except for Middle East Outlook 3 Up Double Digit% On the Books ZEL COSTA BRAVA | SPAIN 20
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▪ 17 Signatures | ≈ 3,800 rooms ▪ 14 Openings | ≈ 2,000 rooms Growth momentum continues towards our expansion goals Development 3 MELIÁ VENECIA LIDO | ITALY 40 Signatures | ≈ 8,400 rooms 30 Openings in FY 26 | ≈ 3,500 rooms Opening Tunisia through a Strategic Partnership, aiming to reach up to 3,000 rooms in the country Reported Net Unit Growth impacted by ceased operations in Cuba 21
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Openings 3 Holiday World Polynesia | Spain Innside Roma Norte | Mexico Zel Fuerteventura | Spain 22
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Reopenings 3 23
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1 2 3 4 We reaffirm our Full Year Guidance: 1. RevPar increase in high single digit under constant currency 2. Operational margins improvement of 200 bps like for like 3. At least € 565M EBITDA in 2026 Committed to maintain a disciplined financial profile, keeping leverage ratios below 2.5x Continued focus on portfolio optimization through selective non-core asset disposals. Closing Remarks 25 Current On The Books very encouraging, up Double Digit vs. STLYwith a strong summer season ahead. MICE also Up Double Digits with high level of forward Bookings Sign at least 40 new hotels in the full year. 25
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Thank You