Hostelworld : 2022 Preliminary Results Presentation

2022 Preliminary Results

22nd March 2023

Disclaimers

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH SUCH DISTRIBUTION OR RELEASE

WOULD BE UNLAWFUL.

This presentation has been prepared by Hostelworld Group plc (the "Company") for informational and background purposes only.

The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated

("relevant persons"). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information in the following presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments.

This presentation does not constitute or form part of any offer or invitation to purchase, sell or subscribe for, or any solicitation of any such offer to purchase, sell or subscribe for, any securities in the Company nor shall this presentation or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The distribution of this presentation or any information contained in it may be restricted by law in certain jurisdictions, and any person into whose possession any document containing this presentation or any part of it comes should inform themselves about, and observe, any such restrictions.

The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracies which may become apparent, and any opinions expressed in it are subject to change without notice. Neither the Company nor any of its respective directors, officers, partners, employees or advisers accept any liability whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.

The presentation may contain forward-looking statements. These statements relate to the future prospects, developments and business strategies of the Company. Forward-looking statements are identified by the use of such terms as "believe", "could", "envisage", "estimate", "potential", "intend", "may", "plan", "will" or variations or similar expressions, or the negative thereof. Any forward-looking statements contained in

the presentation are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially

from those expressed or implied by those statements. If one or more of these risks or uncertainties materialise, or if underlying assumptions prove incorrect, the Company's actual results may vary materially from those expected, estimated or projected. Any forward-looking statements speak only as at the date of the presentation. Except as required by law, the Company undertakes no obligation to publicly release any update or revisions to any forward-looking statements contained in the presentation to reflect any change in events, conditions or circumstances on which any such statements are based after the time they are made.

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Highlights

Key Highlights

2022 a year of significant recovery and strategic progress:

• EBITDA positive in line with market guidance
• Strong recovery in demand as Omicron impact receded
• Launched innovative and differentiated 'Social' strategy
• Continued cost discipline
• Continued progress in ESG agenda

Well positioned for further profitable growth:

• Strong start to Q1 with positive trends continuing
• Differentiated growth strategy continuing to deliver
• Building more value into the Social Network through enhanced features
• Refinancing process underway which will significantly reduce finance costs
• Asset light, highly cash generative business model

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FY 2022 - Financial Summary

€470M	€69.7M	4.8M
Net GMV1	Net Revenue2	Net Bookings
+303% vs FY21	+312% vs FY21	+228% vs FY21
-4% vs FY19	-14% vs FY19	-30% vs FY19

€14.90	7.7M	17.4M
Net ABV	Total Travellers (PAX)	Net Bednights
+23% vs FY21	+220% vs FY21	+223% vs FY21
+24% vs FY19	-31% vs FY19	-26% vs FY19

59%		€1.3M	€19.0M
Marketing as % of	EBITDA	Cash3
Revenue	FY21: 76%	FY21: -€17.3M	Dec '21: €25.3M
	FY19: 37%	FY19: +€20.5M	Dec '19: €19.4M

1. Net GMV is gross transaction value less cancellations.
2. Net Revenue is gross revenue less cancellations, deferred revenue, rebates and accounting adjustments
3. Net debt of €12.2m in FY22 (€2.9m in FY21), €30m debt facility drawn down in February 2021. Net debt including warehoused payroll taxes of €21.6m in FY22 (€11.0m in FY21)

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