Wyndham Hotels & Resorts — Feb 12, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001722684-25-000003
Showing in the filing
Quarterly cash dividend increase
“$0.41 per share”
Period
Q1 FY2025
Measure
Declared action
Source
Prose
All guidance in this release · 25
Quarterly cash dividend increase for Q1 FY2025
“$0.41 per share”
Net debt leverage ratio target range for the long term
“3 to 4 times”
Fee-related and other revenues for FY2025
“$1.49 - $1.51 billion”
Adjusted EBITDA for FY2025
“$745 - $755 million”
Adjusted net income for FY2025
“$369 - $379 million”
Adjusted diluted EPS for FY2025
“$4.66 - $4.78”
Free cash flow conversion rate for FY2025
“57% - 60%”
Year-over-year global RevPAR growth (reporte… for FY2025
“0.5% - 1.5%”
Marketing fund revenues vs. expenses for FY2025
“continues to expect marketing fund revenues to equal expenses”
Adjusted EBITDA (a) for FY2025
“745 – 755”
Depreciation and amortization expense (b) for FY2025
“39 – 41”
Development advance notes amortization expense for FY2025
“32 – 34”
Stock-based compensation expense for FY2025
“42 – 44”
Interest expense, net for FY2025
“134 – 136”
Adjusted income before income taxes for FY2025
“492 – 506”
Income tax expense (c) for FY2025
“123 – 127”
Diluted shares (d) for FY2025
“79.2”
Capital expenditures for FY2025
“$40 – 45”
Development advance notes for FY2025
“Approx. $110”
Global RevPAR (e) for FY2025
“2% – 3%”
Year-over-year global RevPAR growth (constan… for FY2025
“2% - 3%”
Number of rooms for FY2025
“3.6% – 4.6%”
Year-over-year rooms growth for FY2025
“3.6% - 4.6%”
Adjusted EBITDA generated in first quarter for Q1 FY2025
“roughly 20% of its adjusted EBITDA in the first quarter”
Effective tax rate assumption for FY2025
“approximately 25%”
Exhibit 99.1 · the passage around this item
… earlier in the release
• Returned $430 million to shareholders for the full-year through $308 million of share repurchases and quarterly cash dividends of $0.38 per share. • Board of Directors recently authorized an 8% increase in the quarterly cash dividend to $0.41 per share beginning with the dividend expected to be declared in the first quarter 2025. “We’re proud to report a very strong finish to 2024 with net rooms growth of 4% and comparable adjusted EBITDA growth of 7%. Our team’s focus on expanding into higher FeePAR markets, growing our extended-stay footprint and unlocking new ancillary revenue streams underscore the diverse growth opportunities inherent in our asset-light, resilient business model,” said Geoff Ballotti, president and chief executive officer. “What excites us most about our future is the developer interest in, and demand for, our brands both here and overseas, reflected in a pipeline that grew another 5% to a record quarter-of-a-million rooms that will open in the coming years with significant FeePAR premiums compared to our existing system. This, when coupled with improving customer demand we’re seeing across both our leisure and infrastructure segments, lays a solid foundation for sustained momentum and meaningful value creation for our shareholders, guests, franchisees and team members for many years to come.” System Size and Development Rooms December 31, 2024 December 31, 2023 YOY Change (bps) United States 501,800 497,60
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.