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Global: Update to Q2 As
Necessary
Confirm Numbers
IN V E S TO R
P R E S E N TATIO N
AUGUST 24, 2018
Belmond Copacabana
Palace, Rio de Janeiro
CAUTIONARY STATEMENTS AND USE OF NON -GAAP
FINANCIAL MEASURES AND DEFINITIONS
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Belmond 2018 2
CAUTIONARY STATEMENTS AND USE OF NON -GAAP
FINANCIAL MEASURES AND DEFINITIONS(CONTINUED)
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Belmond 2018 3
Belmond Hotel
Cipriani, Belmond Cap Juluca,
Venice Anguilla
Belmond Palacio Belmond Mount Nelson,
Nazarenas, Cusco Cape Town
Belmond Andean Explorer, Belmond Le Manoir Aux
Peru Quat’Saisons, Oxfordshire
Belmond Sanctuary Belmond Hotel
Lodge, Machu Picchu Splendido, Portofino
TABLE OF CONTENTS
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Belmond Road to
Belmond 2018 Mandalay, Myanmar 6
1. MEET BELMOND
Belmond Hotel Cipriani,
Venice
MEET BELMOND
We are a luxury hotel, train and river cruise operator delivering inspiring
journeys and exceptional experiences in remarkable destinations worldwide
A dj . E B ITDA Composition¹
JV Income²
10%
Management Fees
9%
•
Owned Trains &
Cruises
5% Europe
• 45%
Rest of World
• 13%
Owned &
• North America
18% Leased
Hotels
• 76%
• •
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•
Belmond 2018 8
8
COMPANY HIGHLIGHTS
Belmond Hotel
Belmond 2018 Monasterio, Cusco 9
OUR EVOLUTION
For over 40 years, we have carefully curated a collection
of the world’s most iconic hotels and luxury travel adventures
1976 1982 1983 1988 1989 1992 1993
Collection Launch of the iconic Acquisition of Hotel Entry into Africa with Entry into Brazil Acquisition of Launch of Eastern &
commences with Venice Simplon- Splendido in Italy the acquisition of with the acquisition Botswana Safari Oriental Express train
Hotel Cipriani in Italy Orient-Express train Mount Nelson Hotel of Copacabana lodges in Asia
in South Africa Palace
Acquisition of Villa San
Michele in Italy
1995 1996 1998 1999 2001 2002 2004
Launch of Road to Acquisition of Acquisition of Entry into Peru Acquisition of Acquisitions of La Significant expansion in Asia via the acquisition of
Mandalay river Reid’s Palace Splendido Mare in with the Miraflores Park in Residencia in Pansea Hotels in Southeast Asia (La Residence
cruise in Myanmar Hotel in Portugal Italy formation of JV Peru Spain, Maroma D’Angkor in Cambodia, La Residence Phou Vao in
partnerships for Resort in Mexico, Laos, The Governor’s Residence in Myanmar,
Entry into the hotel and train and Le Manoir aux Jimbaran Puri and Ubud Hanging Gardens in Bali,
United States with operations Quat’Saisons in and Napasai in Thailand)
the acquisitions of the United
Charleston Place Kingdom Launch of the Royal Scotsman train in the United
and the ‘21’ Club Kingdom and the Afloat in France river cruises
2005 2006 2010 2014 2016 2017 2018
Entry into Russia with Acquisiton of Casa Expansion of iconic Signing of Launch of Grand Launch of Andean Acquisition of Castello
the acquisition of the de Sierra Nevada in Italian portfolio to Sicily management Hibernian train in Explorer train and di Casole in Italy
Grand Hotel Europe Mexico with the acquisitions of agreement for the Ireland acquisition of Las Casitas
Grand Hotel Timeo and Cadogan in the through our joint
Villa Sant’Andrea United Kingdom ventures in Peru
Acquisition of Opening of Belmond Acquisition of Cap Juluca
Rio Sagrado through our El Encanto in the in Anguilla
Belmond 2018 joint ventures in Peru United States 10
10A GLOBAL FOOTPRINT IN KEY STRATEGIC MARKETS
Belmond Royal
Scotsman
United Kingdom
Belmond Grand
Hibernian Belmond Cadogan Hotel¹
Ireland London, UK Belmond Grand Hotel Europe
Saint Petersburg, Russia
Belmond Le Manoir aux Belmond
Quat'Saisons Afloat in
Belmond Hotel Cipriani
Oxfordshire, UK France
Venice, Italy
Belmond British Pullman France
United Kingdom Belmond Villa San Michele
Belmond Hotel Splendido & Florence, Italy
Splendido Mare Belmond Castello di Casole
‘21’ Club Portofino, Italy Tuscany, Italy Belmond Road
Belmond El Encanto New York, USA Belmond La Residencia Belmond Hotel Caruso to Mandalay
Santa Barbara, USA Majorca, Spain Ravello, Italy Myanmar Belmond La Résidence Phou Vao
Belmond Charleston Place VSOE Belmond
Charleston, USA Europe Belmond Villa Governor's Luang Prabang, Laos
Belmond Casa de Sierra Nevada Belmond Reid's Sant'Andrea Residence
Belmond Cap Juluca Palace Belmond Grand Hotel Taormina, Italy Yangon, Myanmar
San Miguel de Allende, Mexico Anguilla, British West
Madeira, Portugal Timeo
Indies Eastern & Oriental Belmond La Résidence d'Angkor
Belmond Maroma Resort & Spa Belmond Taormina, Italy Express
Belmond Belmond La Samanna Siem Reap, Cambodia
Playa del Carmen, Mexico Andean Marigot, St Martin Southeast Asia
Hiram Explorer Belmond Hotel Rio Sagrado
Bingham Belmond Napasai
Peru Urubamba, Peru Koh Samui, Thailand
Peru
Belmond Miraflores Park Belmond Hotel Monasterio
Lima, Peru Cusco, Peru
Belmond Sanctuary Lodge
Machu Picchu, Peru Belmond Copacabana Belmond Jimbaran Puri
Belmond Palacio Nazarenas, Palace Bali, Indonesia
Cusco, Peru Rio de Janeiro, Brazil
Belmond Safaris²
Belmond Las Casitas Belmond Hotel das Cataratas Botswana
Colca, Peru Iguassu Falls, Brazil
Belmond Mount Nelson Hotel
Cape Town, South Africa
KEY
HO TEL TR AIN RIVER CRUISE STAN DALO N E
R ESTAUR AN T
Belmond 2018 11EXPERIENCED LEADERSHIP TEAM
ROELAND VOS MARTIN O’GRADY RICHARD M. LEVINE INGRID DANIEL RUFF KENNETH HATTON ARNAUD
ERAS-MAGDALENA CHAMPENOIS
President and Chief Executive Vice Executive Vice Executive Vice Senior Vice Senior Vice Senior Vice
Executive Officer President and Chief President and Chief President and Chief President and Head President, Global President, Global
Financial Officer Legal Officer Human Resources of Global Operations Development Brand & Marketing
Officer
• Elected to the • Joined Belmond in • Joined Belmond in • Joined Belmond in • Joined Belmond in • Joined Belmond in • Joined Belmond in
Belmond Board of 2008 2012 September 2014 January 2018 January 2017 September 2016
Directors in June • Previously served as • Previously served as • Served as Vice • Served as President • Served as Senior • Served as Vice
2014; appointed Chief Financial Executive Vice President, People and Managing Vice President, President, Luxury
President and Chief Officer of Orion President and Development and Director for Europe, Corporate Brands Leader for
Executive Officer of Capital Managers; General Counsel at Staffing of the Middle East, Eurasia Transactions Group Asia Pacific at
Belmond in and Executive Kerzner Europe, Africa and & Africa at at Hyatt Hotels Starwood Hotels
September 2015 Director and Chief International Middle East division Wyndham Hotel Corporation from and Resorts
• Served as President Financial Officer of Holdings Limited; as of Starwood Hotels Group from 2014 to 2011 to 2016 Worldwide, Inc.
of the Europe, Africa Access (European General Counsel for and Resorts 2017 • Former partner and from 2011 to 2016
and Middle East self-storage) Hellman & Worldwide, Inc. • Also held a senior member of the • Also held senior
division of Starwood • Also held senior Friedman, LLC; and from 2006 to 2014 position at Firm’s Ethics brand and
Hotels and Resorts financial positions for the Private • Also held Starwood Hotels Committee at marketing positions
Worldwide, Inc. from at Security Capital Equity Division of operational and Resorts Sonnenschein Nath at the L’Oreal Group
2001 to 2013 European Realty, Credit Suisse leadership and Worldwide, Inc. and & Rosenthal LLP and Richemont
• Over 35 years of Jardine Matheson • Over 20 years of senior human was on the Board of • Group in Paris and
Over 18 years of
experience in the and Mandarin relevant experience resources positions Directors of Design relevant experience London
lodging industry Oriental Hotel at Le Meridien and Hotels AG • Over 20 years of
Group Forte Hotels • Over 15 years of relevant experience
• Over 30 years of • Over 25 years of experience in the
relevant experience relevant experience hospitality industry
Belmond 2018 122. INDUSTRY POSITIONING
Belmond Grand Hotel Europe,
St PetersburgUNIQUELY FOCUSED ON THE HIGHLY
ATTRACTIVE LUXURY SEGMENT
18.1 1.3
1.0
12.0
2012 2017 2012 2017
6.3 % 6.6 %
6.0 %
4.7 %
3.7 %
1.6 %
Total Personal Total Total Services Experience- Foreign Hotels &
Consumption Goods Related Travel 5 Motels
Expenditure Services 4
Belmond 2018 14GLOBALLY-DIVERSE, HIGH -SPENDING CUSTOMER BASE
Belmond customers are highly successful, hyper-connected world travelers who appreciate ‘The Art of Good Living’
2017 Guest Origin¹
Africa / Middle East
3%
Asia
8%
outh
S
America
9%
UK & Ireland
North America
13%
48%
Europe
(ex UK & Ireland)
20%
$ 1,206
$ 868
$ 685 $ 664
$ 448
Europe North America South America Asia Africa
Belmond 2018 15WE ARE A LEADING LUXURY
HOSPITALITY OWNER & OPERATOR
135 % 80.0
RevPAR Index¹ Net Promoter Score²
88.9% 88.3% 87.0% 86.2% 85.6% 85.6% 84.8% 83.9% 83.2% 82.3% 82.1%
73.6%
Belmond Comp. 1 Comp. 2 Comp. 3 Comp. 4 Comp. 5 Comp. 6 Comp. 7 Comp. 8 Comp. 9 Comp. 10 Comp. 11
Belmond 2018 16OUR PERFORMANCE HAS BEEN
CONSISTENTLY AWARDED
Over 150 corporate and hotel awards over the past 3 years
Belmond 2018 173. BELMOND BRAND
Venice Simplon-
Orient-ExpressWHAT DOES THE BELMOND BRAND STAND FOR?
OUR BRAND PERSONALITY: WE OFFER OUR GUESTS:
AUTHENTIC, LUXURY EXPERIENCES
TIMELESS UNIQUE LOCATIONS
UNDERSTATED INTIMATE IN SIZE
INSPIRING CURATED ACTIVITIES
GENUINE UNDERSTATED PERSONAL SERVICE
Belmond 2018 19THE BELMOND BRAND IS GENERATING
SIGNIFICANT MEDIA ATTENTION
6,000 press clippings in 2017; already more than 6,000 (and counting) in 2018¹
Belmond 2018 20CURRENT BELMOND BRAND CAMPAIGNS Belmond 2018 21
4. BELMOND PORTFOLIO
Belmond Hotel
Splendido,
PortofinoICONIC, IRREPLACEABLE PORTFOLIO OF
TROPHY ASSETS
Hotels Trains & Cruises
• 4 owned trains across
Europe North America Rest of World Managed and JVs
Europe
• Owned hotels in Italy, • Owned hotels in Anguilla, • Owned hotels in Brazil, • 5 JV hotels in Peru (50%
• JV trains in Peru (50% owned
Portugal, Spain, Russia, and Mexico, St. Martin and the Botswana, Cambodia, owned with management
with management contracts)
the United Kingdom United States Indonesia, Laos, Myanmar, contracts) in attractive
o
Peru, South Africa and Andean locations that
• Iconic ‘21’ Club restaurant
Thailand comprise 251 total keys
in New York
o
• 1 managed hotel in the
¹
United Kingdom with 54
keys expected to open in • 1 JV train in southeast Asia
December 2018 (25% owned with
management contract)
• 2 owned river cruises
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Key Metrics Key Metrics Key Metrics
Hotels 12 Hotels / Restaurant 7 Hotels 12
Keys 989 Keys 826 Keys 1,026
ADR (2017) $740 ADR (2017) $426 ADR (2017) $380 Key Metrics
Occupancy (2017) 64% Occupancy (2017) 67% Occupancy (2017) 54% Hotels 6 Key Metrics
RevPAR (2017) $476 RevPAR (2017) $286 RevPAR (2017) $203 Keys 305 Trains & Cruises¹ 9
Belmond 2018 23EUROPE
BELMOND HOTEL CIPRIANI BELMOND HOTEL SPLENDIDO BELMOND SPLENDIDO MARE BELMOND HOTEL CARUSO
96 KEYS 70 KEYS 16 KEYS 52 KEYS
The true Venetian classic The epitome of Italian style Serene harbour views A heavenly retreat between
sea and sky
Belmond 2018 24EUROPE (Cont’d)
BELMOND VILLA SAN MICHELE BELMOND CASTELLO DI CASOLE BELMOND GRAND HOTEL TIMEO BELMOND VILLA SANT’ANDREA
45 KEYS 39 KEYS 71 KEYS 72 KEYS
Modern luxury meets Timeless romance in A Sicilian hideaway that fuels the Beachfront chic glamor on
Renaissance splendor rural Tuscany imagination the Sicilian coast
Belmond 2018 25EUROPE (Cont’d)
BELMOND LE MANOIR
BELMOND LA RESIDENCIA BELMOND REID’S PALACE BELMOND GRAND HOTEL EUROPE AUX QUAT’SAISONS
72 KEYS 158 KEYS 266 KEYS 32 KEYS
An artistic oasis of rustic beauty Paradise perfected A gateway to Russia's Oxfordshire heritage
in a clifftop haven illustrious past meets French flair
Belmond 2018 26EUROPE (Cont’d)
BELMOND CADOGAN HOTEL
54 KEYS (Management contract)
A haven in the heart of West London
Belmond 2018 27NORTH AMERICA
BELMOND CHARLESTON PLACE BELMOND EL ENCANTO BELMOND MAROMA RESORT & SPA BELMOND CASA DE SIERRA NEVADA
434 KEYS 92 KEYS 63 KEYS 37 KEYS
A ‘Grand’ hotel full of Southern Hollywood glamour in a modern A luxury beachfront Mexican resort Serenity in San Miguel de Allende
Charm and hospitality in the heart of classic surrounded by lush tropical gardens
Charleston
Belmond 2018 28NORTH AMERICA (Cont’d)
BELMOND CAP JULUCA BELMOND LA SAMANNA ‘21’ CLUB
113 KEYS 87 KEYS 200 COVERS (1,000 PRIVATE DINING)
A chic island-hideaway offering The sparkling gem of St. Martin A New York dining institution and
barefoot luxury and pure escapism original ‘speak-easy’
Belmond 2018 29REST OF WORLD - AFRICA
BELMOND MOUNT NELSON HOTEL BELMOND SAVUTE ELEPHANT LODGE BELMOND EAGLE ISLAND LODGE BELMOND KHWAI RIVER LODGE
198 KEYS 12 KEYS 12 KEYS 15 KEYS
The grande dame of Cape Town A timeless explorer’s lodge that Africa’s ultimate water-focused Animal magic meets old-world
beats with the pulse of wild Africa safari indulgence
Belmond 2018 30REST OF WORLD - SOUTH AMERICA
BELMOND COPACABANA PALACE BELMOND HOTEL DAS CATARATAS BELMOND MIRAFLORES PARK HOTEL BELMOND LAS CASITAS
239 KEYS 187 KEYS 89 KEYS 20 KEYS (50% OWNERSHIP)
Rio's brightest star is always in style A retreat in nature with exclusive Live the high life in Lima’s hottest A peaceful escape in a secluded
access to Iguassu falls in Brazil district valley close to Colca Canyon
Belmond 2018 31REST OF WORLD - SOUTH AMERICA (Cont’d)
BELMOND SANCTUARY LODGE BELMOND RIO SAGRADO BELMOND PALACIO NAZARENAS BELMOND HOTEL MONASTERIO
31 KEYS (50% OWNERSHIP) 23 KEYS (50% OWNERSHIP) 55 KEYS (50% OWNERSHIP) 122 KEYS (50% OWNERSHIP)
Your gateway to the Inca empire An oasis rich with the spirit of the Your ‘Once upon a time…’ journey Historic charm with a modern twist
Incas starts here
Belmond 2018 32REST OF WORLD - ASIA
LA BELMOND RESIDENCE
D’ANGKOR BELMOND GOVERNOR’S RESIDENCE BELMOND NAPASAI BELMOND JIMBARAN PURI
59 KEYS 49 KEYS 68 KEYS 64 KEYS
A Khmer hideaway near fabled A journey back to a gentler time True Thai spirit between jungle and Peace and privacy beside Bali's best
Angkor Wat sea beach
Belmond 2018 33REST OF WORLD - ASIA (Cont’d)
BELMOND LA RESIDENCE PHOU
VAO
34 KEYS (69% OWNERSHIP)
A sanctuary of serenity in the
mountains of Laos
Belmond 2018 34TRAINS & CRUISES
VENICE SIMPLON-ORIENT-EXPRESS BELMOND BRITISH PULLMAN BELMOND ROYAL SCOTSMAN BELMOND GRAND HIBERNIAN
178 BERTHS 252 SEATS 40 BERTHS 40 BERTHS
An icon of art deco design Timeless travel across Great Britain Embark on a grand Highland fling A charming Irish jaunt
Belmond 2018 35TRAINS & CRUISES (Cont’d)
EASTERN & ORIENTAL EXPRESS BELMOND AFLOAT IN FRANCE BELMOND ROAD TO MANDALAY BELMOND ANDEAN EXPLORER
82 BERTHS (25% OWNERSHIP) 54 BERTHS 82 BERTHS 35 BERTHS (50% OWNERSHIP)
A fabled journey through the exotic A serene exploration of France's An epic voyage along the Luxury sleeper through the foothills
East waterways Ayeyarwady of the Andes
Belmond 2018 36TRAINS & CRUISES (Cont’d)
BELMOND HIRAM BINGHAM PERURAIL EXPEDITION PERURAIL SACRED VALLEY PERURAIL VISTADOME
84 SEATS 48-336 SEATS PER TRAIN 66 SEATS 96-288 SEATS PER TRAIN
(UP TO 8 DAILY TRAINS) (UP TO 7 DAILY TRAINS)
(50% OWNERSHIP) (50% OWNERSHIP) (50% OWNERSHIP) (50% OWNERSHIP)
Golden age of rail journey to magical Adventurous rail journey from Cusco Dining on the rails from Sacred Scenic journey with panoramic
Machu Picchu to Machu Picchu Valley to Machu Picchu views of the vibrant landscape
Belmond 2018 37TRAINS & CRUISES (Cont’d)
PERURAIL TITICACA
132 SEATS (50% OWNERSHIP)
Breathtaking journey across the
Andean Plains
Belmond 2018 385. BELMOND PLATFORM
Belmond Cap Juluca,
AnguillaA STRONG ENGINE DELIVERING
INDUSTRY-LEADING REVPAR
INDUSTRY LEADING REVPAR
Sales Marketing Revenue Management Reservations
• 20 global sales offices • Refined brand & product • Extensive corporate • 5 Global Reservation
located in all key feeder positioning support to local revenue Centers
markets and covering all key management teams
segments • Performance marketing • Highly trained staff with
campaigns • Sophisticated dynamic deep knowledge of
• Strategic partnerships with pricing to maximize Belmond’s products
many of the world’s leading • Exclusive on-and off- revenue opportunities
luxury travel agencies property guest experiences • 7 languages spoken
• Commercially linked with
• Bellini Club, Belmond’s • High profile brand sales to ensure the right
exclusive invitation-only partnerships decisions are taken at the
program for luxury travel • New media & PR strategy, right time
agencies, covering 237 including “The Art of
agencies in 28 countries Belmond” brand campaign • Culture of price
experimentation and risk
• Highly energized sales • Complete new digital management
teams with strong focus to ecosystem with centralized
build demand over a long digital and social media
horizon strategy
• Frequent key account sales
training for all team
members
Belmond 2018 40THE HIGHEST PERCENTAGE OF POSITIVE GUEST
FEEDBACK ACROSS THE LUXURY LANDSCAPE
% of positive guest feedback1
92.6 %
91.7 % 91.6 %
90.9 % 90.8 %
90.3 % 89.9 % 89.6 % 89.5 % 89.4 %
88.5 % 88.4 % 88.1 % 87.7 %
Belmond Comp. 1 Comp. 2 Comp. 3 Comp. 4 Comp. 5 Comp. 6 Comp. 7 Comp. 8 Comp. 9 Comp. 10 Comp. 11 Comp. 12 Comp. 13
Belmond 2018 41AN OUTSTANDING OWNER & OPERATOR OF
BOUTIQUE LUXURY HOSPITALITY ASSETS
Case Study: Belmond Grand Hotel Timeo & Belmond Villa Sant’Andrea, Sicily
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Belmond 2018 Belmond Grand Hotel Timeo Belmond Villa Sant’Andrea 426. BELMOND GROWTH OUTLOOK Belmond Castello di Casole, Tuscany
BUILDING ON STRONG MOMENTUM...
Adjusted EBITDA ($mm)
$ 140 - $ 150
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$ 124
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2017 2018 Guidance
Belmond 2018 44... WITH MULTIPLE ATTRACTIVE GROWTH
OPPORTUNITIES FOR 2019 AND BEYOND
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Belmond 2018 45COMPANY HIGHLIGHTS Belmond Charleston
Place,
Charleston
Belmond 2018 46TH A N K YO U
Belmond Eagle Island
Lodge, Botswana7. APPENDIX
Belmond Maroma Resort &
Spa, Riviera MayaCAPITALIZATION
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Belmond 2018 49OVERVIEW OF PERU JOINT VENTURES
Belmond Owns a 50% Interest in its Peru Joint Ventures and Receives a Fee for
Managing the Operations of Each
Rail Hotels
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Belmond 2018 50ASSET SCHEDULE
Asset Asset Type Location Keys Management / Ownership Structure
Belmond 2018 51ASSET SCHEDULE (Cont’d)
Asset Asset Type Location Keys Management / Ownership Structure
Belmond 2018 52RECONCILIATIONS – ADJUSTED EBITDA
Twelve months ended
Six months ended June 30, December 31,
$ millions 2018 2017 2017
(unaudited) (unaudited) (audited)
Adjusted EBITDA reconciliation:
Belmond 2018 53RECONCILIATIONS – OUTLOOK ADJUSTED EBITDA
Twelve months ending December 31, 2018
$ millions Low Case High Case
(unaudited) (unaudited)
Adjusted EBITDA reconciliation:
Belmond 2018 54You can also read
