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
Effective tax rate assumption
“approximately 25%”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
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
$110 Free cash flow conversion rate 57% – 60% Year-over-Year Growth Global RevPAR (e) 2% – 3% Number of rooms 3.6% – 4.6% (a) The Company expects to generate roughly 20% of its adjusted EBITDA in the first quarter. (b) Excludes amortization of acquisition-related intangible assets of approximately $27 million. (c) Outlook assumes an effective tax rate of approximately 25%. (d) Excludes the impact of any share repurchases after December 31, 2024. (e) Represents constant currency basis; on a reported basis, which includes foreign currency impacts, would be 0.5% - 1.5%. In determining adjusted EBITDA, interest expense, net, adjusted income before income taxes, adjusted net income, adjusted diluted EPS and adjusted free cash flow conversion rate, we exclude certain items which are otherwise included in determining the comparable GAAP financial measures. We are providing these measures on a non-GAAP basis only because, without unreasonable efforts, we are unable to predict with reasonable certainty the occurrence or amount of all the adjustments or other potential adjustments that may arise in the future during the forward-looking period, which can be dependent on future events that may not be reliably predicted. Based on past reported results, where one or more of these items have been applicable, such excluded items could be material, individually or in the aggregate, to the reported results. Table 9 WYNDHAM HOTELS & RESORTS DEFINITIONS Adjusted Net Income and Adjusted Diluted EPS: Represents net income and diluted earnings per share excluding
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.