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VOCO IHG HOTELS & RESORTS 2026 Half Year Results 11 August 2026
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2 Cautionary note regarding forward-looking statements This presentation may contain projections and forward looking-statements. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company’s financial position, potential business strategy, potential plans and potential objectives, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward- looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Further, certain forward-looking statements are based upon assumptions of future events which may not prove to be accurate. The forward-looking statements in this document speak only as at the date of this presentation and the Company assumes no obligation to update or provide any additional information in relation to such forward-looking statements. The merits or suitability of investing in any securities previously issued or issued in future by the Company for any investor’s particular situation should be independently determined by such investor. Any such determination should involve, inter alia, an assessment of the legal, tax, accounting, regulatory, financial, credit and other related aspects of the transaction in question.
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3 HY 2026: highlights reel
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4 Elie Maalouf Chief Executive Officer
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5 HY 2026 Overview HY 2026 Financial Review Progress on Strategic Priorities Conclusion Live Q&A (at 9:30am London time) Agenda and speakers Speakers Agenda Elie Maalouf Chief Executive Officer Michael Glover Chief Financial Officer
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6 64.5¢ interim +10% YOY #1 Growth investment #2 Ordinary dividends #3 Share buybacks Net system growth +5.0% +120bps YOY+7% YOY +13% YOY + >100% 2 Fee revenue growth HSD % CAGR Fee margin expansion +100-150bps p.a. EBIT growth1 ~10% CAGR Cash conversion ~100% Adjusted EPS growth +12-15% CAGR 1. EBIT is operating profit from reportable segments. Definitions for non-GAAP measures can be found in the ‘Key performance measures and non-GAAP measures’ section of IHG’s 2025 results, along with reconciliations of these measures to the most directly comparable line items within the Financial Statements. 2. Cash conversion of 118% for trailing 12-months to 30 June 2026. HY 2026 Overview: our growth algorithm RevPAR growth +4.1% Growth algorithm component HY 2026 results Delivering on our growth algorithm in HY 2026 Adjusted EPS growth in HY 2026 within our medium to long-term growth algorithm range, showcasing the strength and resiliency of our business model +10% YOY Key: $950m in FY 2026 42% complete in HY
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7 Chief Financial Officer Michael Glover HY 2026 Financial Review
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8 Financial performance overview 1. Definitions for non-GAAP measures can be found in the ‘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. HY 2026 Financial Review HY 2026 HY 2025 Reported Underlying % change % change Revenue from reportable segments 1 $1,255m $1,175m +7% +6% Operating profit from reportable segments1 (EBIT) $665m $604m +10% +10% Fee business revenue 1 $971m $908m +7% +6% Fee business operating profit 1 $640m $590m +8% +9% Fee margin 1 65.9% 64.7% +1.2%pts Adjusted interest 1 $(106)m $(91)m +16% Adjusted tax rate 1 26% 26% - Adjusted EPS1 274.7¢ 242.5¢ +13% Interim dividend 64.5¢ 58.6¢ +10%
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9 RevPAR, occupancy and ADR performance +1.5%pts +0.3%pts +1.0%pts+2.0% +3.0% +2.5% +4.4% +3.5% +4.1% Americas RevPAR, Occupancy and ADR (YOY) EMEAA RevPAR, Occupancy and ADR (YOY) Greater China RevPAR, Occupancy and ADR (YOY) IHG Global RevPAR, Occupancy and ADR (YOY) Q2 HY RevPAROccupancy ADR +0.9%pts +0.8%pts +1.0%pts+2.0% +4.2% +3.3% +3.6% +5.4% +4.8% +2.1%pts (0.6)%pts +0.8%pts+2.2% +1.6% +1.8% +5.6% +0.6% +3.0% +2.0%pts +0.4%pts +1.1%pts+1.8% +0.2% +1.0% +5.7% +0.8% +3.1% HY 2026 Financial Review Q1 Q2 HYQ1 Q2 HYQ1 Q2 HYQ1
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10 0% +1% +4% +3% +3% +6%+3% +4% +10% Demand driver performance 0% +1% +2%+2% +2% +4% +2% +3% +6% Americas demand drivers (HY YOY) EMEAA demand drivers (HY YOY) Greater China demand drivers (HY YOY) IHG Global demand drivers (HY YOY) Business Leisure Groups Rooms revenue¹Room nights ADR Business Leisure Groups +1% 0% +1%+1% +1% +3%+2% +1% +4% Business Leisure GroupsBusiness Leisure Groups HY 2026 Financial Review 1. Rooms revenue booking data on a comparable hotels basis Leisure 0% +5% +2%+1% +3% (2)% 0% +8% 0%
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11 Net system growth +5.0% YOY 1 ; record levels of development activity 1. Excluding rooms associated with the Ruby acquisition (HY26: 0.6k; HY25: 2.7k) HY 2026 Financial Review +3.3% (1.6)% +1.8% +7.4% (1.1)% +6.3% +13.7% (2.0)% +11.7% +6.5% (1.5)% +5.0% Americas EMEAA Greater China Global Gross growth Net growthRemovals Gross openings in HY26 of 31.5k rooms (197 hotels) up +8% YOY¹ Openings mix (rooms): 55% New builds 43% Conversions 2% Ruby HY26 YOY system growth
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12 HY26 signings up +8% YOY¹ Signings mix (rooms): 51% new builds 49% conversions 6.6k 8.7k Q2 Signings (rooms) 27.8k (189 hotels) +10% YOY 12.4k Strong signings performance, supporting future system growth Greater China 115.8k EMEAA 124.5k Americas 107.4k12.5k 17.1k HY Signings (rooms) Pipeline at 30 June 2026 (rooms) TOTAL 347.7k (2,385 hotels) Growth: total Growth: adjusted 1 Greater China EMEAA Americas 1. Excluding signings associated with the Ruby acquisition (HY26: nil; HY25: 5.7k) 49.2k (352 hotels) (4)% YOY +8% YOY +3% YOY 19.5k HY 2026 Financial Review
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13 Fee margin 1 up +120bps YOY , driven by strong fee growth performance across all three regions 1. Definitions for non-GAAP measures can be found in the ‘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. Fee margin excludes owned & leased hotels, and significant liquidated damages. It is stated at AER. HY 2026 Financial Review 60.8% 64.7% 65.9% HY 2025HY 2024 HY 2026 Total IHG Americas EMEAA Greater China Fee business operating profit growth: Central +390 bps +120 bps Up +5% to $415m Up +13% to $148m Up +25% to $55m Up +5% to $22m 82.0% 82.7% 84.2% 65.0% 65.8% 69.8% 55.8% 57.9% 62.5% -33.0% 13.3% 12.4% HY 2024 HY 2026HY 2025
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14 IHG has a long track record of delivering revenue growth while maintaining a highly efficient and scalable cost base 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Fee business revenue Fee business overheads ($m) Continuous focus on ensuring our cost base runs with maximum efficacy Expect overheads to continue at a lower rate of increase than revenues, driving further margin expansion HY26 has continued this track record, with +4% increase in fee business overheads which was lower than +7% growth fee business revenue FY26 overheads increase still expected to be within the 1-3% range, supporting further margin expansion HY 2026 Financial Review Pandemic period
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15 665 697 360 (330) +32 (55) (240) (95) +53 (7) (21) (60) (189) (375) (38) FCF 1 in-line with H1 expectations and >100% conversion of adjusted earnings 1 on a trailing 12-month basis Adjusted EBITDA1 Key money & maintenance capex Working capital and System Fund2 Adjusted free cash flow (FCF)1 Interest and tax HY 2026 ($m) Exceptional itemsOther movements3 Gross System Fund capex Other capex and investments4 Dividends paid to shareholders FX, lease and other cash and non-cash movements6 Increase in net debt1 Operating Profit from Reportable Segments1 Depreciation and Amortisation 1. Definitions for non-GAAP measures can be found in the ‘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. 2. Includes: $(121)m of working capital and other adjustments; $9m System Fund reported result; $33m of System Fund depreciation and amortisation; and $24m of other non-cash adjustments to System Fund result. 3. Includes: $(3)m of principal element of lease payments, net of finance lease receipts; $(3)m related to the Group’s insurance activities; $(5)m purchase of EST shares; $11m impairment loss on financial assets; and $53m other non-cash adjustments to operating profit. 4. Includes: $(42)m of gross recyclable capital expenditure; $2m disposals and repayments; and $(20)m deferred and contingent purchase consideration. 5. Relating to the $950m share buyback announced in February 2026. 6. Includes: $11m net favourable exchange movements; $5m principal element of lease liabilities; $5m other movements in lease liabilities; $(55)m increase in accrued interest; $(1)m dividends paid to non-controlling interest; and $(3)m other adjustments Share buybacks including transaction costs5 HY 2026 Financial Review
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16 1. Key money presented net of repayments of $nil in HY 2026 (HY 2025: $nil). 2. Consists of depreciation and amortisation of $33m in HY 2026 (HY 2025: $40m), adjusted to exclude depreciation for right-of-use assets of $nil (HY 2025: $1m). 3. Includes gross key money payments of $83m in HY 2026 (HY 2025: $86m). 4. Definitions for non-GAAP measures can be found in the ‘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. Targeted capital expenditure to drive growth: in line with FY guidance – Key money: used to secure hotel signings – Maintenance: relates to owned & leased hotels and corporate infrastructure $m HY 2026 HY 2025 Key money & maintenance capex Key money 1 (83) (86) Maintenance capex (12) (10) Total (95) (96) – Investment behind growth initiatives – Profile can vary year to year, but expected to be broadly neutral over time – Invested into projects that benefit our hotel network – Repaid when depreciation charged to System Fund e.g. GRS Recyclable investments Gross out (42) (9) Gross in 2 - Net total (40) (9) System Fund capital investments Gross out (21) (19) Gross in 2 33 39 Net total 12 20 Total capital investments Gross total 3,4 (158) (124) Net total 4 (123) (85) HY 2026 Financial Review
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17 Continuing our capital allocation approach to routinely return surplus capital to shareholders – on track to complete $950m buyback in 2026 #2: Sustainably grow the ordinary dividend #1: Invest in the business to drive growth #3: Return surplus funds to shareholders Objective of maintaining an investment grade credit rating 2.5x – 3.0x Net Debt:Adjusted EBITDA under normalised conditions As of 30 June 2026: Net debt 1 $3,663m / TTM Adjusted EBITDA1 $1,392m = 2.6x IHG announced a $950m buyback in February 2026 As of 30 June 2026: $397m spent (42% complete) 2.7m shares repurchased 1.8% reduction in share count FY26: ~$285m ordinary dividends + $950m buyback = $1.2bn+ or 5.8% of opening market cap HY 2026 Financial Review 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.
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18 Tax rate Adjusted tax rate1 is expected to be 26-27% in FY26 and for the near term (FY25: 27%), based on assumptions for geographic profit mix and corporate income tax rates currently enacted Interest expense Adjusted interest expense1 is expected to increase in FY26 to $230m-$240m (FY25: $200m), given increase in average net debt and slightly higher blended cost of borrowing Capital expenditure Unchanged guidance for key money & maintenance capex of ~$200-250m annually (FY25: $208m; FY24 $237m). Medium term guidance for gross capex still expected to be ~$350m annually on average (FY25: $269m; FY24: $350m) Modelling considerations Looking ahead, IHG’s growth ambitions and drivers for future shareholder value creation remain unchanged: – High-single digit percentage growth in fee revenue annually on average over the medium to long term, driven largely by the combination of RevPAR growth and net system size growth – 100-150bps increase in fee margin1 annually on average over the medium to long term – ~100% conversion of adjusted earnings into adjusted free cash flow – Sustainably growing the ordinary dividend – Returning additional capital to shareholders, such as through regular share buyback programmes, further enhancing EPS growth This creates opportunity for compound growth in adjusted EPS of 12-15% annually on average over the medium to long term, driven by the combination of the above FY26 and near-term: 1. Definitions for non-GAAP measures can be found in the ‘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. HY 2026 Financial Review
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19 Elie Maalouf Chief Executive Officer Progress on Strategic Priorities
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20 Favourable macro backdrop fuelling structural growth drivers Further economic growth, employment and wealth creation drove incremental travel and hotel demand in the first half of 2026 +2.5% Global GDP growth HY 2026 vs HY 2025 (estimate) Economic growth ~+100m Global employment HY 2026 vs HY 2025 (estimate) Employment +7% Global household wealth 2025 vs 2024 Wealth creation +1% Global airline RPKs HY 2026 vs HY 2025 Travel mobility +35m Global room nights sold HY 2026 vs HY 2025 Hotel demand Sources: Oxford Economics (real GDP, employment), McKinsey Global Institute, IATA (airline RPKs), STR (hotel room nights sold) Progress on strategic priorities favourable macro backdrop 7,100+ hotels in 100+ countries, and a growing presence in the world’s fastest growing economies IHG is capturing global growth through our strategically diversified and resilient business model: 21 brands capturing guests from Midscale to Ultra Luxury, from remote resorts to major gateway cities >95% of EBIT is generated from our fee business, and IMFs represent only ~10% of fee business revenue
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21 04 Driving ancillary fee streams 05 Delivering increased dividends and returning surplus capital to our shareholders 03 Developing our leading technology and enterprise platform 01 Growing our brands Our five areas of focus We made significant progress in HY 2026 against a clear strategy that is unlocking the full potential of our business for all stakeholders Progress on strategic priorities: our five areas of focus 02 Expanding in key geographic markets
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22 Growing our brands voco Times Square - Broadway
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23 1.71.4 2.6 12.1 16.5 4.2 5.2 5.0 10.0 2014 2026 LTM 21 brands extend our reach to more guests, owners and stay occasions Growth in Luxury & Lifestyle, Suites and Exclusive Partners has diversified our total gross revenue mix Progress on strategic priorities: growing our brands $23bn Total Gross Revenue $37bn Total Gross Revenue Luxury & Lifestyle Premium Essentials Suites Exclusive Partners Newer to IHG L&L Premium Essentials Suites Exclusive Partners Other
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24 28% 38% 22% 17% 35% 46% 22% 18% 2% 37% 16% 56% 65% 98% Regent Vignette Garner Ruby Noted Collection Open hotels Pipeline hotels 10 Year Target at acquisition/launch 120 hotel target 150 hotel target 500 hotel target Acquired 2025 Launched 2026 Launched 2023 Record organic development activity in HY 2026 Established brands are driving ~2/3rds of openings and signings activity on a large base, while newer brands continue to scale at pace with a long runway for future growth 1. IHG’s 11 newer brands (acquired or organically developed since 2015) are Six Senses, Regent, Vignette Collection, Kimpton, Noted Collection, voco, Ruby, Garner, avid, Atwell Suites and Iberostar. Progress on strategic priorities: growing our brands 36%Established brands Newer brands164% 34%66%Established brands Newer brands 1 Acquired 2018 (51% stake) Launched 2021 40 hotel target 100 hotel target 197 hotels and 31.5k rooms opened in HY 2026 352 hotels and 49.2k rooms signed in HY 2026 Openings (rooms) Signings (rooms)
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25 Brand spotlight Recently acquired and organically developed brands gaining momentum with strong development activity and trading performance Progress on strategic priorities: growing our brands 42 open + pipeline hotels, up from 30 when acquired in 2025 First 2 signings in the US will take the brand to New York and Chicago Ruby now franchise-ready in EAPAC, with strong owner interest 25 open + pipeline hotels, up from 9 when 51% stake first acquired in 2018 Completed next step to acquire remaining 49% stake Exceptional delivery recognized by both guests and industry followers 222 open + pipeline hotels across 17 countries <3 years since launch First opening in China in HY 2026s Further 22 signed in the US in HY 2026, 12 in Japan and first 5 in Chinas Regent Carlton Cannes Ruby Frida Hotel Stockholm Garner Beijing 798 Art District
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26 Progress on strategic priorities: growing our brands Selection for US Air Force lodging reflects strength of our enterprise Operational transfer to begin in 2027 and is expected to initially include hotels on 23 Air Force installations IHG and our partner Centinel selected by the Department of the Air Force (DAF) as its commercial partner for on-base lodging Reflects the strength of IHG’s enterprise platform and ongoing success serving military communities through the Privatization of Army Lodging (PAL) program since 2009 (40 installations, 70+ hotels, 12,000+ rooms) New 50-year agreement in progress of finalizing and at the future date of execution the hotels and rooms will be recognized in our pipeline Operational transfer will begin later in 2027 and is expected to initially include hotels on 23 installations across the US and its territories Building on our success with the US Army
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27 Expanding in key geographic markets Regent Hong Kong
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28 Diversified geographic footprint With 7,100+ hotels in over 100 countries, we have a strong global footprint; ~60% of our pipeline is in rapidly growing economies in Asia and IMEA Progress on strategic priorities: Expanding in key geographic markets Americas (excl US) 8% of system size 5% of pipeline Note: 1. Based on IHG One Rewards Loyalty Data. 2. Oxford Economics, real GDP and middle-income households weighted based on IHG’s open and pipeline rooms in each country, CAGR calculated between 2025 and 2035. United States 43% of system size 26% of pipeline ~95% Domestic1 ~78% Domestic and intra-regional1 Europe 15% of system size 12% of pipeline ~79% Domestic and intra-regional1 East Asia & Pacific 7% of system size 9% of pipeline ~57% Domestic and intra-regional1 Greater China 21% of system size 33% of pipeline ~88% Domestic and intra-regional1 Nearly 90% of IHG’s guests in the LTM ending 30 June 2026 travelled domestically or from nearby countries1 India, Middle East & Africa 6% of system size 15% of pipeline ~65% Domestic and intra-regional1 GDP and the number of middle-income households are expected to grow at a +4% and +6% CAGR across Asia and IMEA vs +2% and +1%, respectively, in Europe and the Americas over the next 10 years2
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29 13% 15% Supply Active Pipeline We are taking share of future supply relative to our six global peers1 in most of our key geographic markets… 23% 24% Supply Active Pipeline China 24% 47% Supply Active Pipeline Germany 19% 31% Supply Active Pipeline Japan 10% 21% Supply Active Pipeline India US Saudi Arabia 37% 22% Supply Active Pipeline Taking share in key geographic markets Strong signings activity in HY 2026 supports future market share gains across key geographic markets Progress on strategic priorities: Expanding in key geographic markets Note: 1. Peer data sourced from STR with the active pipeline defined as projects in construction, final planning and planning; includes both new builds and conversion. US China Germany Japan India ... As we build from an already strong base System size Pipeline Openings Signings Rooms Hotels 453k 4.1k 90.7k 962 6.2k 53 10.6k 107 Rooms Hotels 223k 957 116k 591 15.2k 79 17.1k 103 Rooms Hotels 33.0k 192 10.3k 61 600 4 2.5k 13 Rooms Hotels 15.6k 62 4.8k 34 362 3 1.3k 14 Rooms Hotels 8.6k 53 16.9k 110 357 2 4.4k 24 Saudi Arabia Rooms Hotels 24.8k 48 19.2k 63 302 1 387 2
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30 -2.3% -2.2% -2.2% -2.2% -2.3% -1.7% -1.3% -1.5% -1.9% -1.9% -1.5% 5.4% 6.3% 7.1% 7.8% 4.5% 5.0% 5.6% 5.3% 6.2% 6.6% 6.5% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 HY 2026 -5.6%2 Stronger gross openings and lower removals... Notes: 1. 2.3% excluding 1.9%pt impact from termination of SVC hotels; 2. 1.7% excluding 3.9%pt impact from removal of Holiday Inn and Crowne Plaza hotels across the Group; 3. 1.3% excluding 0.7%pt impact from Russia exits; 4. 1.9% excluding 0.7%pt impact from The Venetian Las Vegas; 5. 4.7% excluding 0.7% impact from The Venetian Resort Las Vegas; 4.0% net on a reported basis. 6. The definition of under construction was changed with FY 2025 results to align with industry reporting and that of peers related to the conversion pipeline. Had this change been applied in prior years, it would have had a low single digit percentage point increase in the proportion of the global pipeline under construction. -4.2%1 -2.0%3 System growth The strength of IHG’s brand portfolio and expansion in priority growth geographies are fuelling strong gross openings and higher net system growth … are driving higher net system growth 3.1% 4.0% 4.8% 5.6% 0.3% -0.6% 3.6% 3.8% 4.3% 4.7%5 5.0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 HY 2026 % of opening system size -2.6%4 Progress on strategic priorities: Expanding in key geographic markets Future NSSG underpinned by… 33% rooms growth embedded in the pipeline Around 50% of the pipeline under construction6
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31 Developing our leading technology and enterprise platform
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32 IHG’s industry-leading connected technology ecosystem Our interconnected, cloud-based solutions deliver competitive advantages to our 7,100+ hotels Award-winning channels Guest Reservation System Rolled-out Revenue Management System Rolled-out Property Management System Scaling IHG Web Manages check-ins/outs, room assignments, and guest data Optimizes pricing Takes bookings Modern, above property, efficient solutions Memorable experiences IHG One Rewards Mobile App Customer Relationship Management AI Enhanced Piloting Promote hotels Optimise operations Engage guests Reservation Centers Content Platform AI Enhanced Piloting Underpinned by Artificial Intelligence Progress on strategic priorities: Developing our leading technology and enterprise platform
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33 Progress on strategic priorities: Developing our leading technology and enterprise platform Guest acquisition & loyalty Hotel performance Corporate efficiency & innovation Artificial Intelligence Weaving AI throughout IHG’s industry-leading enterprise platform to support the delivery of our growth algorithm Search, discover, book, stay Revenue Management System AI-powered, cloud-based solutions Scalable, compounding growth Delivering ‘top of funnel’ visibility, driving booking conversions and deepening guest loyalty Enhancing hotel profitability with industry-leading technology Boosting how we deliver on our growth algorithm with an even more efficient cost base AI trip planning AI-powered marketing Guest CRM Delivering insights faster and more effectively Automating routine tasks New ways of working Content platform AI language translation Digital assistant solutions
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34 Guest Acquisition & Loyalty: AI-enabled trip planning Creating new ways for guests to discover and book our hotels with the launch of conversational search capabilities on IHG’s app and websites and a new ChatGPT plug-in IHG app and web conversational search (in beta) Progress on strategic priorities: Developing our leading technology and enterprise platform ChatGPT plug-in (launched) Scaling in the Americas and EMEAA in coming months Guests can discover hotels based on the criteria that matter most to them Brings conversational search capabilities into IHG’s digital ecosystem Designed to complement IHG’s digital platforms Surfaces real-time availability, pricing, interactive maps and amenities Live demo in ‘IHG Checks In On…’ episode Live demo in ‘IHG Checks In On…’ episode
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35 Guest Acquisition & Loyalty: enhancing discoverability and engagement Our new content platform ensures the right hotel is recommended to fit a guest’s needs; our new CRM enables even more personalized experiences Content platform (in pilot) Progress on strategic priorities: Developing our leading technology and enterprise platform Guest CRM (in pilot) Unified cloud-based platform, delivering more personalised experiences and deepening guest loyalty Unlocking new ways to showcase and promote hotels, including videos, 360-degree images and floorplans Enhancing hotel search recommendations with more granular detail on each of our properties Improved access to guest preferences and milestone events across our hotels and customer care centres Live demo in ‘IHG Checks In On…’ episode Live demo in ‘IHG Checks In On…’ episode
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36 Globally (US) ~67% (~73%) room nights booked by members in HY 2026 21% 20% 22% 23% 25% 26% 26% 26% 2019 2020 2021 2022 2023 2024 HY 2025 HY 2026 Powerful loyalty programme is driving enterprise contribution IHG One Rewards has rapidly grown to >160 million loyalty members that are ~10x more likely to book direct and spend ~20% more than non-members 79% 77% 74% 72% 76% Digital Contribution Total Enterprise Contribution1 Notes: 1. Enterprise Contribution: the percentage of room revenue booked through IHG managed channels and sources: direct via our websites, apps and call centres; through our interfaces with Global Distribution Systems (GDS) and agreements with Online Travel Agencies (OTAs); other distribution partners directly connected to our reservation system; and Global Sales Office business or IHG Reward members that book directly at a hotel. 2. Elite members include Silver, Gold, Platinum and Diamond members. 82% Progress on strategic priorities: Developing our leading technology and enterprise platform 81% Loyalty highlights Member engagement is strong and growing Enterprise contribution Backed by our best-in-class digital channels App visits +9% YOY in HY 2026 83% Milestone Rewards Selected +7% YOY in HY 2026 ~65% of elite members2 used the app In the last 12 months
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37 Driving ancillary fee streams Holiday Inn Express Shanghai on The Bund
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38 Hello Sara, How many points do you want to buy? Ancillary fee streams Leveraging the strength of our enterprise platform to drive high margin, high growth ancillary fees while further diversifying our revenue mix Progress on strategic priorities: driving ancillary fee streams Co-brand cards 1. Savills Branded Residences 2025/2026 Report +MSD % YOY card member growth in HY 2026 Launched in June with card acquisitions and spend tracking ahead of expectations UK partnership with Revolut and Visa US partnership with Chase and Mastercard Japan partnership with Sumitomo Mitsui Card Company On track to launch in H1 2027 Loyalty point sales Branded residential +LDD % YOY growth in HY 2026 Future growth driven by success and further expansion of IHG One Rewards 35 projects open or selling across 19 countries ~2x increase in industry segment expected by 20321More countries coming soon The Residences at InterContinental Phuket Resort
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39 Conclusion Hotel Indigo London K West Shepherd's Bush
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40 Our growth algorithm Strong track record, performance and potential; driving compounding growth and sustainable shareholder value creation Notes: FY 2025 NSSG adjusted for the impact of removing 7,092 rooms previously affiliated with The Venetian Resort Las Vegas; +4.0% net on a reported basis. Historical track record of RevPAR, NSSG and fee margin are the average annual improvements and Adjusted EPS is the CAGR each for the decade through to 2019; cash conversion is cumulative adjusted earnings conversion into adjusted free cash flow for 2015 to 2019 and 2020 to 2024; ordinary dividends CAGR is 2003 to 2019; ordinary dividend for 2024 vs 2019 is that proposed for each year; total capital returned is cumulative for 2003 to 2019 and 2020 to 2024. Definitions for non-GAAP measures can be found in the ‘Key performance measures and non-GAAP measures’ section of IHG’s FY25 results, along with reconciliations of these measures to the most directly comparable line items within the Financial Statements. IHG's strong track record decade to 2019 IHG's strong performance 2025 vs 2024 IHG’s continued execution HY 2026 vs HY 2025 IHG's strong potential looking ahead RevPAR +3.9% CAGR +1.5% YOY +4.1% YOY HSD % CAGR in fee revenue driven largely by combination of RevPAR and system growthNet system size growth +3.2% CAGR +4.7% YOY +5.0% YOY Fee margin expansion +130bps p.a. +360bps YOY +120bps YOY +100-150bps p.a. driven largely by operating leverage Cash conversion >100% >100% >100% ~100% adjusted earnings into adjusted free cash flow Ordinary dividends +11.0% CAGR +10% YOY +10% YOY Continue sustainably growing Total capital returned to shareholders $13.7bn returned >$1.1bn returned >$1.2bn to be returned in FY 2026 Continue returning surplus capital, whilst targeting financial leverage 2.5-3.0x Adjusted EPS growth +11.4% CAGR +16% YOY +13% YOY +12-15% CAGR Conclusion: our growth algorithm
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Appendices
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42 1. Definitions for non-GAAP measures can be found in the ‘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. 2. EBIT refers to operating profit from reportable segments, with EBITDA adding back $32m of depreciation and amortisation; FCF refers to adjusted free cash flow. 3. +8% openings growth is on an organic basis, excluding the Ruby brand acquisition (0.6k rooms in H1 2026, 2.7k rooms in H1 2025). 4. +8% signings growth is on an organic basis, excluding the Ruby brand acquisition (5.7k rooms in H1 2025). HY 2026 Strong performance with EBIT¹ +10% and Adjusted EPS¹ +13%; record organic development activity; on track to return $1.2bn+ to shareholders; confident in long-term growth drivers RevPAR System Size Profit and Earnings Capital Returns +4.1% H1 global RevPAR +2.5% H1 global ADR +1.0%pts H1 global occupancy 65.9% fee margin1, +1.2%pts $697m EBITDA1,2, +9% $665m EBIT1,2, +10% 274.7¢ Adjusted EPS1, +13% 1,049k rooms (7,109 hotels) +6.5% gross system growth YOY; +5.0% net system growth YOY Opened 31.5k rooms (197 hotels), +8%3 YOY Signed 49.2k rooms (352 hotels), +8%4 YOY $360m FCF1,2 ($302m in H1 25) 64.5¢ interim dividend; +10% $950m share buyback; share count lowered by 4.0% YOY 2.6x leverage ratio $1.2bn+ total returns for 2026; 5.8% of opening market cap Driving future system growth Pipeline 348k rooms (2,385 hotels), +3% YOY, and represents 33% of current system size Strong growth in conversions, representing 43% of all openings and 49% of all signings Newly launched Noted Collection further strengthens IHG’s portfolio and growth potential with first three deals signed Appendices: HY 2026 overview
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43 Revenue and operating profit breakdown Results from reportable segments HY 2026 HY 2025 ‘26 vs ’25 ‘26 vs ‘25 $ change % change Franchise and base management fees $707m $665m $42m 6% Incentive management fees $86m $85m $1m 1% Central revenue $178m $158m $20m 13% Revenue from fee business $971m $908m $63m 7% Revenue from owned & leased hotels $270m $255m $15m 6% Revenue from insurance activities $14m $12m $2m 17% Revenue from reportable segments $1,255m $1,175m $80m 7% Overheads from fee business $(331)m $(318)m $(13)m (4)% Expenses relating to owned & leased hotels $(250)m $(237)m $(13)m (5)% Costs relating to insurance activities $(9)m $(16)m $7m 44% Costs $(590)m $(571)m $(19)m (3)% Operating profit from fee business $640m $590m $50m 8% Fee margin1 65.9% 64.7% - 1.2%pts Operating profit from owned & leased hotels $20m $18m $2m 11% Operating profit/(loss) from insurance activities $5m $(4)m $9m - Operating profit from reportable segments $665m $604m $61m 10% 1. Definitions for non-GAAP measures can be found in the ‘Key performance measures and non-GAAP measures’ section of the results announcement, along with reconciliations of these measures to the most directly comparable line items within the Financial Statements. Appendices: revenue and operating profit
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44 Actual US$ Total Revenue Total Operating Profit¹ H1 FY H1 FY 2026 2025 2024 2023 2025 2024 2023 2022 2026 2025 2024 2023 2025 2024 2023 2022 Franchise and Base Management Fees 486 468 471 456 943 958 936 861 - - - - - - - - Incentive Management Fees 7 7 7 7 20 21 21 18 - - - - - - - - Fee Business 493 475 478 463 963 979 957 879 415 394 392 379 804 795 787 741 Owned, Leased & Managed Lease 91 86 83 74 166 162 148 126 27 21 21 15 32 33 28 20 Total Americas 584 561 561 537 1,129 1,141 1,105 1,005 442 415 413 394 836 828 815 761 Franchise and Base Management Fees 152 137 128 118 299 277 253 215 - - - - - - - - Incentive Management Fees 60 62 55 43 134 118 101 69 - - - - - - - - Fee Business 212 199 183 161 433 395 354 284 148 131 119 92 292 258 214 153 Owned, Leased & Managed Lease 179 169 164 148 378 353 323 268 (7) (3) 0 (3) 11 12 1 (1) Total EMEAA 391 368 347 309 811 748 677 552 141 128 119 89 303 270 215 152 Franchise and Base Management Fees 69 60 58 51 129 122 115 71 - - - - - - - - Incentive Management Fees 19 16 19 23 36 39 46 16 - - - - - - - - Fee Business 88 76 77 74 165 161 161 87 55 44 43 43 99 98 96 23 Total Greater China 88 76 77 74 165 161 161 87 55 44 43 43 99 98 96 23 Franchise and Base Management Fees 707 665 657 625 1,371 1,357 1,304 1,147 - - - - - - - - Incentive Management Fees 86 85 81 73 190 178 168 103 - - - - - - - - Central 178 158 112 101 336 239 200 184 22 21 (37) (44) 36 (66) (105) (112) Fee Business 971 908 850 799 1,897 1,774 1,672 1,434 640 590 517 470 1,231 1,085 992 805 Owned, Leased & Managed Lease 270 255 247 222 544 515 471 394 20 18 21 12 43 45 29 19 Insurance activities 14 12 11 10 27 23 21 15 5 (4) (3) (3) (9) (6) (2) 4 Total Reportable Segments 1,255 1,175 1,108 1,031 2,468 2,312 2,164 1,843 665 604 535 479 1,265 1,124 1,019 828 System Fund and reimbursables 1,404 1,344 1,214 1,195 2,721 2,611 2,460 2,049 9 31 (10) 87 (46) (83) 19 (105) Total IHG 2,659 2,519 2,322 2,226 5,189 4,923 4,624 3,892 674 635 525 566 1,219 1,041 1,038 723 Revenue and operating profit 2022-2026 1. Excludes exceptional items Appendices: HY 2026 Financial Performance
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45 HY 2026 underlying fee business revenue and operating profit non-GAAP reconciliations Americas EMEAA Greater China Central Total IHG $m Revenue Operating Profit Revenue Operating Profit Revenue Operating Profit Revenue Operating Profit Revenue Operating Profit Fee business 493 415 212 148 88 55 178 22 971 640 Owned & leased 91 27 179 (7) - - - - 270 20 Insurance activities - - - - - - 14 5 14 5 Per HY 2026 financial statements 584 442 391 141 88 55 192 27 1,255 665 Significant liquidated damages - - - - - - - - - - Currency impact (3) (2) (8) (2) (4) (2) (2) - (17) (6) Underlying revenue and underlying operating profit 581 440 383 139 84 53 190 27 1,238 659 Owned & leased / insurance activities included in the above (91) (27) (175) 6 - - (14) (5) (280) (26) Underlying fee business 490 413 208 145 84 53 176 22 958 633 Appendices: fee business revenue and operating profit
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46 HY 2025 underlying fee business revenue and operating profit non-GAAP reconciliations Americas EMEAA Greater China Central Total IHG $m Revenue Operating Profit Revenue Operating Profit Revenue Operating Profit Revenue Operating Loss Revenue Operating Profit Fee business 475 394 199 131 76 44 158 21 908 590 Owned & leased 86 21 169 (3) - - - - 255 18 Insurance activities - - - - - - 12 (4) 12 (4) Per HY 2025 financial statements 561 415 368 128 76 44 170 17 1,175 604 Significant liquidated damages (7) (7) - - - - - - (7) (7) Underlying revenue and underlying operating profit 554 408 368 128 76 44 170 17 1,168 597 Owned & leased / insurance activities included in the above (86) (21) (169) 3 - - (12) 4 (267) (14) Underlying fee business 468 387 199 131 76 44 158 21 901 583 Appendices: fee business revenue and operating profit
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47 Revenue growth rate analysis HY 2026 vs HY 2025 RevPAR growth % Net rooms growth % Underlying fee revenue1 growth %Comparable Total YOY Available Hotels that have traded in all months being compared (i.e. steady state) All hotels that were open in either 2026 or 2025 (inc. new hotels that are ramping up, those under refurbishment and closed hotels) 30 Jun 2026 vs 2025 (i.e. point-to-point variance) Aggregate number of rooms available for sale in 2026 vs 2025 Americas 4.8% 4.5% 1.8% 1.9% 4.7% EMEAA 3.0% 1.2% 6.3% 6.9% 4.5% Greater China 3.1% 3.3% 11.7% 10.8% 10.5% Regions sub-total 4.1% 2.6% 5.0% 5.0% 5.2% Central - - - - 11.4% Group 4.1% 2.6% 5.0% 5.0% 6.3% 1. Underlying fee revenue is fee revenue (thereby excluding owned & leased hotels, together with System Fund results and hotel cost reimbursements), excludes significant liquidated damages and is at constant HY 2025 exchange rates (CER). Appendices: revenue growth Total RevPAR growth % + available net rooms growth % does not fully proxy to underlying fee revenue growth %, due to factors including: – Continued acceleration in NSSG means initial fee revenues are typically lower from hotel openings not yet fully ‘ramped up’ – Middle East conflict has had an additional fee revenue impact due to lower IMFs and delayed branded residential sales – Reduced non-room revenue streams such as lower wedding demand in Greater China – Other impacts on fee revenue growth from mix effects
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48 Americas highlights Trading performance – HY RevPAR up +4.8%, with occupancy of 68.2% up +1.0%pts and rate +3.3% higher – Q2 RevPAR up +5.4%, with occupancy of 72.4% up +0.8%pts and rate +4.2% higher – Fee margin1 84.2% (HY25: 82.7%); $7m IMFs (HY25: $7m) – Operating profit from reportable segment1 $442m, up +6.5% (HY25: $415m) Openings – 8.0k rooms (68 hotels) opened, down (15)% YOY – System size of 531k rooms (4,635 hotels), gross growth +3.3% YOY – 25 openings across the Holiday Inn Brand Family – 17 properties across the Staybridge Suites and Candlewood Suites brands – 17 for the conversion-led Garner brand – Conversions accounted for 42% of room openings Signings – 12.5k rooms (131 hotels) signed, up +32% YOY – 54 signings across the Holiday Inn Brand Family – 38 signings across Suites brands, 22 for Garner – Pipeline of 107k (1,103 hotels), up +1.5% YOY; represents 20% of current system size 1. Definitions for non-GAAP measures can be found in the ‘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. Appendices: regional highlights 9.5k 9.4k 12.5k 8.0k HY26 rooms HY25 rooms Openings down (15)% Signings up +32%
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49 EMEAA highlights Trading performance – HY RevPAR up +3.0%, with occupancy of 69.7% up +0.8%pts and rate +1.8% higher – Q2 RevPAR up +0.6%, with occupancy of 71.6% down (0.6)%pts and rate +1.6% higher – Fee margin1 69.8% (HY25: 65.8%); $60m IMFs (HY25: $62m) – Operating profit from reportable segment1 $141m, up +10.2% (HY25: $128m) Openings – 8.2k rooms (50 hotels) opened, down (18)% 2 YOY – System size of 294k rooms (1,517 hotels), gross growth +7.4% YOY – Conversions accounted for 67% of room openings – 11 openings for the voco brand, 9 for Crowne Plaza Signings – 19.5k rooms (118 hotels) signed – Signings up +2% 2 YOY (excl. hotels from initial Ruby acquisition) – 27 Garner signings across 9 countries – 20 signings across IHG’s Luxury & Lifestyle brands – Pipeline of 124k rooms (691 hotels) up +8% YOY; represents 42% of current system size 1. Definitions for non-GAAP measures can be found in the ‘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. 2. Growth rates exclude Ruby (openings: HY26: 0.6k, HY25: 2.7k; signings: HY26: nil, HY25: 5.7k) Appendices: regional highlights 24.9k 11.9k 19.5k 8.2k HY26 rooms (Ruby shaded) HY25 rooms (Ruby shaded) Openings down (18)% 2 Signings up +2% 2
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50 Greater China highlights Trading performance – HY RevPAR up +3.1%, with occupancy of 56.9% up +1.1%pts and rate +1.0% higher – Q2 RevPAR up +0.8%, with occupancy of 59.9% up +0.4%pts and rate +0.2% higher – Fee margin1 62.5% (HY25: 57.9%); $19m IMFs (HY25: $16m) – Operating profit from reportable segment1 $55m, up +25% (HY25: $44m) Openings – 15.2k rooms (a H1 record 79 hotels) opened, up +52% YOY – System size of 223k rooms (957 hotels), gross growth +13.7% YOY – 50 openings for Holiday Inn Brand Family – 8 voco openings, 4 Vignette, 4 Hualuxe Signings – 17.1k rooms (a H1 record 103 hotels) signed, up +2% YOY – 60 signings across the Holiday Inn Brand Family, 13 voco, first 5 Garner hotels – 12 signings across Luxury & Lifestyle brands – Pipeline of 116k rooms (591 hotels) represents 52% of current system size 1. Definitions for non-GAAP measures can be found in the ‘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. Appendices: regional highlights 16.8k 10.0k 17.1k 15.2k HY26 rooms HY25 rooms Openings up +52% Signings up +2%
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51 Demand drivers of rooms revenue 1 performance +3% +4% +8% +2% +2% +6% +2% +3% +6% IHG Global demand drivers (HY YOY) Business Leisure Groups Appendices: demand drivers 1. Rooms revenue booking data on a comparable hotel basis Q1 Q2 HY Q1 Q2 HY Q1 Q2 HY +3% +3% +11% +3% +4% +9% +3% +4% +10% +4% +11% (1)% (3)% +5% +1% 0% +8% 0% +4% +6% +6% 0% (3)% +3% +2% +1% +4% Business Leisure Groups Q1 Q2 HY Q1 Q2 HY Q1 Q2 HY Business Leisure Groups Q1 Q2 HY Q1 Q2 HY Q1 Q2 HY Business Leisure Groups Q1 Q2 HY Q1 Q2 HY Q1 Q2 HY AMER demand drivers (HY YOY) Greater China demand drivers (HY YOY)EMEAA demand drivers (HY YOY)
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52 Net system size growth delivered through strength of brands and enterprise platform 209.4 223.5 15.2 (1.1) 529.2 531.4 8.0 (5.8) 1,026.2 1,048.731.5 (8.9) 287.6 293.88.2 (2.0) HY YTD Net System Size Growth (‘000s) AMER Greater ChinaEMEAA TOTAL IHG FY 2025 Openings Exits HY 2026 FY 2025 Openings Exits HY 2026 FY 2025 Openings Exits HY 2026 FY 2025 Openings Exits HY 2026 Appendices: system growth
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53 Net system size growth delivered through strength of brands and enterprise platform 200.1 223.5 27.4 (4.0) 522.3 531.4 17.4 (8.3) 998.6 1,048.765.2 (15.1) 276.3 293.820.4 (2.9) HY YOY Net System Size Growth (‘000s) AMER Greater ChinaEMEAA TOTAL IHG HY 2025 Openings Exits HY 2026 HY 2025 Openings Exits HY 2026 HY 2025 Openings Exits HY 2026 HY 2025 Openings Exits HY 2026 Appendices: system growth
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54 IHG typically converts ~100% of earnings into free cash Appendices: cash conversion From 2016 to 2025 cumulatively, >100% of IHG’s adjusted earnings were converted into adjusted free cash flow 0% 50% 100% 150% 200% 250% 0 200 400 600 800 1,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Adjusted Free Cash Flow Adjusted Earnings Conversion Rate (%) 1. Definitions for non-GAAP measures can be found in the ‘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. The methodology for calculating free cash flow was amended at the FY24 Results Announcement, with exceptional cash flows no longer included in the metric. FY20 – FY23 were restated under this new methodology (FY23 from $819m to $837m; FY22 from $565m to $615m; FY21 from $571m to $589m; FY20 from $29m to $125m). FY15 – FY19 were not restated.
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55 Strategic capital expenditure deployment System Fund and maintenance expenditure formed the majority of IHG’s capex historically With the completion of GRS, the reduction in IHG’s O&L estate, and the increasing utilisation of SaaS solutions, together with the substantial growth of our Premium and Luxury & Lifestyle brands, spend has transitioned to expansionary key money and recyclable capex 2025 capex was lower than anticipated in part due to timing; 2026 to catch-up some slippages IHG’s guidance remains key money & maintenance capex of ~$200-250m and annual gross capex of ~$350m 0 50 100 150 200 250 300 350 400 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Key money Maintenance Recyclable System Fund Gross capex spend ($m) Appendices: capital expenditure
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56 Gross and net capex versus progression of fee business revenue and profit ($m) Our asset light business delivers compound growth that is accelerating while still requiring only limited capital expenditure IHG’s asset-light model delivers growth in fee business revenue and profit that has accelerated in recent years, consistent with our medium- to long-term ambitions, while requiring only proportionally low levels of capital expenditure Both fee business revenue and fee business profit growth have significantly outpaced any increments in capital expenditure over the last decade Strong returns are being achieved on the limited amounts of capital expenditure IHG is investing 0 200 400 600 800 1000 1200 1400 1600 1800 2000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Gross capex Net capex Fee revenue Fee profit Fee business revenue 2016-25 CAGR: 4% Fee business operating profit 2016-25 CAGR: 7% Capex 10-year range: gross up to ~$350m Net up to ~$250m Appendices: capital expenditure
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57 Currency impacts ($m) Revenue1 Reported HY26 HY26 at HY25 AER2,3 Var. Americas 584 581 3 EMEAA 391 383 8 Greater China 88 84 4 Central4 192 190 2 Total IHG 1,255 1,238 17 Operating Profit1 Americas 442 440 2 EMEAA 141 139 2 Greater China 55 53 2 Central4 27 27 - Total IHG 665 659 6 1. Revenue and operating profit from reportable segments. 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. 2. Major non-USD currency exposure by region (Americas: Canadian Dollar, Mexican Peso; EMEAA: British Pound, Euro, Japanese Yen, Thai Baht, Australian Dollar; Greater China: Chinese Renminbi; Central: British Pound). 3. Based on average exchange rates in each period, e.g. GBP:USD HY26:$1.35 and HY25:$1.30 4. Includes insurance activities. Appendices: currency impacts
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58 Ordinary shares Number of shares (m) HY 2026 HY 2025 Opening balance at 1 January 157.1 164.7 Closing balance at 30 June 154.4 160.9 Closing balance excluding treasury1, ESOT and forfeitable shares 149.0 154.4 Basic weighted average shares (excluding treasury, ESOT and forfeitable shares) 150.0 156.3 Dilutive potential ordinary shares 1.1 1.5 Diluted weighted average shares 151.1 157.8 1. The total number of shares held as treasury shares at 30 June 2026 was 5.4m (30 June 2025: 6.2m). Appendices: ordinary shares
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59 Regent Prestigious accolades reflect strength of upper-luxury brand InterContinental Celebrating 80 years and 100+ hotels in the pipeline Six Senses Exclusive experiences in sought after destinations Luxury & Lifestyle Driving high-value growth through an industry-leading collection of six brands; 600+ open properties in the system; pipeline of 400 more represents future rooms growth of ~52% Appendices: brand key stats Notes: data as of 30 June 2026; openings and signings 2026 YTD. 1. Includes InterContinental Alliance Resorts. Rooms Hotels System size 3.2k 11 Pipeline 2.6k 14 Openings - - Signings 0.4k 2 Pipeline as a % System Size: 81% Rooms Hotels System size 82.6k1 2451 Pipeline 26.3k 103 Openings 0.9k 3 Signings 1.6k 6 Pipeline as a % System Size: 32% Rooms Hotels System size 2.1k 27 Pipeline 3.2k 33 Openings 0.1k 1 Signings 0.1k 1 Pipeline as a % System Size: 149% InterContinental Huzhou Taihu SouthRegent Shanghai on the BundSix Senses London
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60 Hotel Indigo Over 330 open and pipeline hotels in 45+ countries Luxury & Lifestyle This high fee-per-key brand segment now accounts for 14% of our system size and 21% of our pipeline Kimpton Over 150 open and pipeline hotels in 25+ countries Appendices: brand key stats Vignette Collection Ahead of target to reach 100 hotels in 10 years of launch Notes: data as of 30 June 2026; openings and signings 2026 YTD. Vignette Collection Resea Hotel Beidaihe Hotel Indigo London K West Shepherd's BushKimpton Era Midtown New York Rooms Hotels System size 9.3k 38 Pipeline 6.3k 46 Openings 1.6k 7 Signings 1.1k 9 Pipeline as a % System Size: 68% Rooms Hotels System size 17.6k 90 Pipeline 13.3k 69 Openings 1.6k 7 Signings 1.2k 6 Pipeline as a % System Size: 76% Rooms Hotels System size 26.7k 198 Pipeline 21.5k 134 Openings 1.1k 7 Signings 1.9k 11 Pipeline as a % System Size: 81%
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61 voco Conversion friendly brand with 270 open and pipeline hotels Ruby First two US signings take the brand to NYC and Chicago Notes: data as of 30 June 2026; openings and signings 2026 YTD. Appendices: brand key stats Premium Uniquely tailored to target upscale customer segments; 677 open properties in the system; pipeline of 341 more represents future rooms growth of ~45% voco Darwin Suites Ruby Emma Amsterdam Noted Collection First three hotels signed within four months of launch Noted Collection Theobalds Park (coming soon) Rooms Hotels System size 30.2k 148 Pipeline 22.5k 122 Openings 5.0k 24 Signings 5.2k 34 Pipeline as a % System Size: 74% Rooms Hotels System size 3.6k 20 Pipeline 4.5k 22 Openings 0.6k 3 Signings 1.4k 6 Pipeline as a % System Size: 126% Rooms Hotels System size - - Pipeline 317 3 Openings - - Signings 317 3 Pipeline as a % System Size: n/m
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62 EVEN 70+ open and pipeline hotels Crowne Plaza New visual identity and brand hallmarks landing with guests Notes: data as of 30 June 2026; openings and signings 2026 YTD. Appendices: brand key stats Even Hotels Orlando Universal Blvd Rooms Hotels System size 7.3k 48 Pipeline 4.6k 24 Openings 0.6k 4 Signings 0.4k 2 Pipeline as a % System Size: 63% Crowne Plaza Durres Rooms Hotels System size 115.2k 433 Pipeline 37.3k 151 Openings 2.2k 12 Signings 3.5k 15 Pipeline as a % System Size: 32% Premium This brand segment now accounts for 16% of our system size and 21% of our pipeline HUALUXE 4 hotels opened in H1 and a further 19 in the pipeline Rooms Hotels System size 7.4k 28 Pipeline 5.0k 19 Openings 1.0k 4 Signings 0.2k 1 Pipeline as a % System Size: 67% HUALUXE Zhongshan City Center
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63 Essentials Extending industry leadership with powerhouse brands; 4.8k open properties in the system; pipeline of 1.2k more represents future rooms growth of ~26% Holiday Inn 65 hotels signed in H1 driven by all 3 regions Garner Our fastest scaling brand globally Holiday Inn Express 4k hotels in system and pipeline avid Over 200 open and pipeline hotels Notes: data as of 30 June 2026; openings and signings 2026 YTD. Appendices: brand key stats Rooms Hotels System size 356.6k 3.3k Pipeline 82.7k 664 Openings 7.0k 59 Signings 10.6k 84 Pipeline as a % System Size: 23% Rooms Hotels System size 228.2k 1.3k Pipeline 56.6k 318 Openings 5.5k 29 Signings 11.0k 65 Pipeline as a % System Size: 25% Rooms Hotels System size 7.7k 87 Pipeline 8.8k 118 Openings - - Signings 0.4k 5 Pipeline as a % System Size: 115% Rooms Hotels System size 10.7k 112 Pipeline 9.8k 110 Openings 2.2k 23 Signings 4.8k 54 Pipeline as a % System Size: 91% Holiday Inn Shanghai Tourism Zone Garner Beijing 798 Art DistrictHoliday Inn Express San Sebastian - Errenteria avid Hotels Coralville, Iowa City
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64 Suites and Exclusive Partnerships An expanding footprint of Suites properties across chain scales; 823 open properties in the system; pipeline of 417 more represents future rooms growth of ~44% Staybridge Suites Over 500 open and pipeline hotels in 20+ countries Candlewood Suites Over 630 open and pipeline hotels Atwell Suites Four additional hotels signed in GC following 2025 debut Appendices: brand key stats Staybridge Suites Rehoboth Beach Candlewood Suites Beachwood - Cleveland Notes: data as of 30 June 2026; openings and signings 2026 YTD. Atwell Suites Hefei City Center Rooms Hotels System size 38.4k 433 Pipeline 15.2k 204 Openings 0.8k 10 Signings 1.7k 22 Pipeline as a % System Size: 40% Rooms Hotels System size 1.2k 11 Pipeline 6.5k 61 Openings 0.2k 2 Signings 1.0k 8 Pipeline as a % System Size: >5x Rooms Hotels System size 38.9k 355 Pipeline 16.4k 152 Openings 0.8k 7 Signings 1.3k 13 Pipeline as a % System Size: 42% Staybridge Suites Orlando Universal Blvd
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65 Suites and Exclusive Partnerships New Iberostar Beachfront Resorts properties expand IHG’s presence in popular holiday destinations, including Marrakesh and Cancun Notes: data as of 30 June 2026; openings and signings 2026 YTD. Appendices: brand key stats Rooms Hotels System size 22.1k 65 Pipeline 2.3k 5 Openings 1.1k 3 Signings 1.0k 3 Pipeline as a % System Size: 10% Iberostar Beachfront Resorts 3 hotel openings and 3 signings in H1 Holiday Inn Club Vacations Vacation ownership across the US and Mexico Iberostar Beachfront Resorts Riviera Cancun Rooms Hotels System size 8.4k 24 Pipeline - - Openings - - Signings - - Pipeline as a % System Size: n/a Holiday Inn Club Vacations Cape Canaveral Beach Resort
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IHG Checks In On… AI Guest Acquisition & Loyalty
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67 Guest acquisition & loyalty Hotel performance Corporate efficiency & innovation Artificial Intelligence Weaving AI throughout IHG’s industry-leading enterprise platform to support the delivery of our growth algorithm Search, discover, book, stay Revenue Management System AI-powered, cloud-based solutions Scalable, compounding growth Delivering ‘top of funnel’ visibility, driving booking conversions and deepening guest loyalty Enhancing hotel profitability with industry-leading technology Boosting how we deliver on our growth algorithm with an even more efficient cost base AI trip planning AI-powered marketing Guest CRM Delivering insights faster and more effectively Automating routine tasks New ways of working Content platform AI language translation Digital assistant solutions IHG Checks In On… AI Guest Acquisition & Loyalty
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68 Over half of active US travellers are now using AI 56% of travellers used AI for planning, booking or in-destination assistance for at least one trip in the past 12 months, up from 33% in H1 2025 IHG Checks In On… AI Guest Acquisition & Loyalty 33% H1 2025 43% H2 2025 56% H1 2026 Source: Phocuswright The AI Surge: Travel’s Fastest Behavioral Shift in a Decade; Prior to H1 2026, the survey did not ask about AI for in-destination assistance.
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69 Enhancing search capabilities on our app and websites Bringing conversational search into IHG’s digital channels, further enhancing the guest discovery experience IHG Checks In On… AI Guest Acquisition & Loyalty Live demo in episode
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70 Meeting travellers needs wherever they search Our ChatGPT plug-in surfaces real-time availability, pricing, interactive maps and amenities, helping guests move naturally from discovery to comparison IHG Checks In On… AI Guest Acquisition & Loyalty Live demo in episode
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71 Powerful loyalty programme backed by our award-winning app IHG One Rewards has rapidly grown to >160 million loyalty members that are ~10x more likely to book direct and spend ~20% more than non-members IHG Checks In On… AI Guest Acquisition & Loyalty ~10x more likely to book direct Milestone Rewards Selected +7% YOY in HY 2026 Notes: 1. Elite members include Silver, Gold, Platinum and Diamond members. 160m+ loyalty members as of FY 2025 67% of room nights booked by members In HY 2026 ~65% of elite members1 used the app In the last 12 months Spend ~20% more at our hotels
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72 Elevating content through a new, fully AI compatible platform Enhancing how our hotels show up across digital channels and AI-powered search with more detailed and engaging content IHG Checks In On… AI Guest Acquisition & Loyalty Previous Content New Content Live demo in episode
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73 IHG Checks In On… AI Guest Acquisition & Loyalty Previous Content New Content Elevating content through a new, fully AI compatible platform Enhancing how our hotels show up across digital channels and AI-powered search with more detailed and engaging content Live demo in episode
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74 IHG Checks In On… AI Guest Acquisition & Loyalty 21% 20% 22% 23% 25% 26% 26% 26% 2019 2020 2021 2022 2023 2024 HY 2025 HY 2026 79% 77% 74% 72% 76% Digital Direct 82% 81% 83% Delivering value to owners through IHG’s managed channels 83% of rooms revenue booked in HY 2026 came through IHG-managed channels, including ~26% Digital Direct through our app and websites Digital Direct OTAs Other IHG-managed channels Loyalty via hotels Other via hotels 83% IHG Enterprise Contribution1 Channel mix HY 2026Enterprise contribution Notes: 1. Enterprise Contribution: the percentage of room revenue booked through IHG managed channels and sources: direct via our websites, apps and call centres; through our interfaces with Global Distribution Systems (GDS) and agreements with Online Travel Agencies (OTAs); other distribution partners directly connected to our reservation system; and Global Sales Office business or IHG Reward members that book directly at a hotel.
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75 Leveraging AI to deliver more personalized experiences Guest preference data and our new CRM enable us to deliver even better guest experiences and deepen guest loyalty IHG Checks In On… AI Guest Acquisition & Loyalty Live demo in episode
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76 Leveraging AI to deliver more personalized experiences Guest preference data and our new CRM enable us to deliver even better guest experiences and deepen guest loyalty IHG Checks In On… AI Guest Acquisition & Loyalty Live demo in episode
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77 IHG Checks In On… AI Guest Acquisition & Loyalty Artificial Intelligence: Guest Acquisition & Loyalty Delivering ‘top of funnel’ visibility, driving booking conversions and deepening guest loyalty as we deliver on our growth algorithm Better search results Increased revenue Deeper loyalty Deepening guest loyalty through more personalized experiences AI trip planning Guest CRMContent platform Enhancing the guest search experience with natural language search capabilities Ensuring the right hotels are recommended at the right time and with more engaging content
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78 Cautionary note regarding forward-looking statements This presentation may contain projections and forward looking-statements. The words “believe”, “expect”, “anticipate”, “intend” and “plan” and similar expressions identify forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding the Company’s financial position, potential business strategy, potential plans and potential objectives, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward- looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Further, certain forward-looking statements are based upon assumptions of future events which may not prove to be accurate. The forward-looking statements in this document speak only as at the date of this presentation and the Company assumes no obligation to update or provide any additional information in relation to such forward-looking statements. The merits or suitability of investing in any securities previously issued or issued in future by the Company for any investor’s particular situation should be independently determined by such investor. Any such determination should involve, inter alia, an assessment of the legal, tax, accounting, regulatory, financial, credit and other related aspects of the transaction in question.