Meliá Hotels International: Results third quarter 2022

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The Spanish hotel company exceeds the income registered in 2019 and improves its margins

The strength of the tourist demand dammed up during the Covid resists uncertainty and inflation, surpassing the 2019 data in practically all markets and destinations, consolidating the sector as a safe value The Company maintains the growing pace of expansion of the last two quarters, with 26 hotels signed to date and 27 new openings so far this year The company improves its Ebitda Margin by almost 100 basis points vs 2019 (31% vs 30%) Meliá’s digital capabilities continue to consolidate as key levers of competitiveness, with milestones such as the launch of the new melia.com website and its state-of-the-art App,which generates more than 44% of centralized sales The current rate of reservations confirms the positive outlook for the coming months without detecting any impact so far due to fears of a change in the economic cycle Business performance:

• Q3 revenue evolution, +83% vs 2021, (+3% if compared to 2019) confirming the recovery of pre-Covid levels

• RevPAR improves in all regions compared to 2019 (with the exception of Asia) thanks to the improvement in average price (+29.1% vs. 3Q 2019)

• For the 2nd consecutive quarter, the EBITDA margin over Revenues was above 30% • EBITDA without capital gains in the 9 months reached 328.5Mn (+€327.9M vs 2021) • Net result (52.6Mn ) improved by 131.6% vs. 2021 Financial management:

• The liquidity situation (including treasury and undrawn credit lines) amounts to €352Mn

• Net debt was reduced by -126Mn in the quarter, despite the impact of the appreciation of the USD

• The Group finalizes a new valuation of its assets for the 4th quarter, and continues working on the sale of assets already presented to the General Shareholders’ Meeting, which it expects to close in the coming months Strategy and growth:

• Meliá signed 26 new hotels, with 6,463 rooms to date, all under management and franchise formulas • 27 openings to date with 7,011 rooms, which are incorporated under management or franchise

• The strategic agreement with Vinpearl includes 18 hotels in Vietnam, of which 15 are already fully operational under the Company’s standards and fully integrated into our distribution platform as well as Melia Rewards The Group announces the incorporation of 7 new hotels in Albania and 2 in Mexico, and reiterates its commitment to sign a minimum of 9,000 rooms in the year

• The Group’s strategy and an updated organizational model, with significant progress in digitization and negotiations with third parties, key to maintaining margins Outlook:

• At a general level, the positive perspectives are confirmed without detecting impacts due to the fear of a possible recession in 2023 so far • The Company expects to underpin the improvement trend in Q4 compared to 2019, confirmed by its daily reserves, despite the lower visibility due to the “last minute” trend • The Company estimates a positive high season for the Canary Islands and Cape Verde, as well as in Mexico and the Dominican Republic, which register a notable boost in the MICE segment

• In general, the consistent recovery of urban markets is consolidated, with improvement in the Business and Conference segments for Q4 in large European cities compared to 2019, thanks to the improvement in prices

• The company expects to maintain positive organic growth in its portfolio, with a minimum of 30 openings planned for 2023

higher demand and profitability. Likewise, the group’s strategic focus on controlling costs and improving its efficiency through a growing digitization of processes and the design of a new operating model for the Group, has facilitated the improvement in margins. In order to continue advancing in full recovery, our roadmap for the coming years foresees continuing to strengthen our balance sheet through greater cash generation, operating efficiency, the high growth of our hotel portfolio under management and franchise formulas, and the rotation (to materialize in the coming months) of some assets.” The group’s strategic focus on controlling costs and improving its efficiency through a growing digitization of processes and the design of a new operating model for the Group, has facilitated the improvement in margins. In order to continue advancing in full recovery, our roadmap for the coming years foresees continuing to strengthen our balance sheet through greater cash generation, operating efficiency, the high growth of our hotel portfolio under management and franchise formulas, and the rotation (to materialize in the coming months) of some assets.” The group’s strategic focus on controlling costs and improving its efficiency through a growing digitization of processes and the design of a new operating model for the Group, has facilitated the improvement in margins. In order to continue advancing in full recovery, our roadmap for the coming years foresees continuing to strengthen our balance sheet through greater cash generation, operating efficiency, the high growth of our hotel portfolio under management and franchise formulas, and the rotation (to materialize in the coming months) of some assets.”