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PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
June 14 2005
Annual General Meeting
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Sir John BanhamChairman
The latest chapter
Total shareholder returns: 5 years to June 2005 FTSE 100 constituents in 2000
-100%
-50%
0%
50%
100%
150%
200%
250%
300%
TSR over last 5yrs
Whitbread
Total shareholder return
June 2000 - June 2005
50
70
90
110
130
150
170
190
210
230
Jun-00 Dec-00 Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 Dec-04 Jun-05
TSR
Whitbread FTSE100
The next chapter
“More of the same, but better”
Continued top line organic growth
Like-for-like sales growth
Improvement in returns
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Alan ParkerChief Executive
Trading statement
* Travel Inn only
1.5% 14.1%
First quarter SALES trend - 13 weeks to 2 June
% change vs prior year
Like-for-like total
Premier Travel Inn 8.2* 10.4*
Pub restaurants (1.0) 3.7
High Street restaurants (0.1) 5.5
David Lloyd Leisure 0.1 2.0
Continuing Whitbread 1.0 5.0
One Whitbread - route map
Pub RestaurantsRe organisation
Exit Citypoint
Business Review
June2004
July Aug Sep Oct Nov Dec Feb Mar
100 Day Plan
MarriottAnnouncemen
t
Leadership Convention
Special Dividend
April May
PremierLodge
Acquisition
June2005
Courtyard Sale
100 Day PlanKey exec appointments
AGM
Chairmansuccession
Jan2005
AGM
2004/5 financial highlights
Pre-tax profits up 17.8%
Pre-tax, pre-exceptional profits up 9.4%
Earnings per share (adjusted) up 10.1%
Full year dividend per share up 13.2%
Return on capital employed 2004/5
11.4%
9.4%
0
2
4
6
8
10
12
As reported Pro Forma, excluding Marriott
%
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Agenda 2005/6 - the year of ROCE step up Drive like-for-like sales
Improve operational efficiency
Achieve disciplined growth
One Whitbread No Limits culture
The Whitbread Way
We believe in…
People and Teamwork
Caring for Guests
Passion for Winning
Continuous Improvement
Agenda 2005/6 - the year of ROCE step up Drive like-for-like sales
Improve operational efficiency
Achieve disciplined growth
One Whitbread No Limits culture
Execute the restructuring
Summary Whitbread is the UK’s No.1 hospitality company
• Hotels
• Restaurants
• Health & fitness
2004/5 - restructuring for future growth and shareholder value
2005/6 - focus on execution, disciplined growth and improved returns
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
Shareholder questions
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
11Resolution one
Total proxy votes received
133,148,198
For
Against
130,054,476368,013
Abstained 2,725,709
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
22Resolution two
Total proxy votes received
133,136,197
For
Against
126,286,2821,186,760
Abstained 5,663,155
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
33Resolution three
Total proxy votes received
133,161,069
For
Against
133,149,5195,761
Abstained 5,789
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
44Resolution four
Total proxy votes received
133,108,333
For
Against
132,519,262518,937
Abstained 70,134
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
55Resolution five
Total proxy votes received
133,104,686
For
Against
132,682,040355,315
Abstained 67,331
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
66Resolution six
Total proxy votes received
133,100,197
For
Against
132,385,453657,784
Abstained 56,960
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
77Resolution seven
Total proxy votes received
133,100,357
For
Against
132,796,144250,313
Abstained 53,900
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
88Resolution eight
Total proxy votes received
133,098,724
For
Against
132,480,667554,827
Abstained 63,230
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
99Resolution nine
Total proxy votes received
133,146,706
For
Against
132,441,767683,690
Abstained 21,249
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1010Resolution ten
Total proxy votes received
133,123,475
For
Against
131,202,4861,865,848
Abstained 55,141
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1111Resolution eleven
Total proxy votes received
133,079,717
For
Against
131,849,4771,106,920
Abstained 123,320
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1212Resolution twelve
Total proxy votes received
133,100,443
For
Against
132,773,073122,921
Abstained 204,449
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
1313Resolution thirteen
Total proxy votes received
133,077,435
For
Against
131,251,385556,741
Abstained 1,269,309
PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE
June 14 2005
Annual General Meeting