Investor Presentation August 2016

Home , Even Hotels

InterContinental O2, London

IHG© Clearly defined and consistently executed strategy has driven market out-performance

Rooms growth % (’04 – ’15 CAGR) Room revenue growth % (’04 – ’15 CAGR)

3.1 5.4 4.1 1.8

Industry2 IHG Industry2 IHG

Fee revenues1 ($bn) Return on Capital Employed3 (%)

+8% CAGR 57 1.3

0.6 9

2004 2015 2004 2015

1Group revenues excluding owned and leased hotels, managed leases, and significant liquidated damages. 2Source: Smith Travel Research. 3ROCE calculation = NOPAT / (total equity + net debt). IHG© 2 Most pure play, asset light global hotel company - highest quality of earnings

Highest quality revenue stream • >95% of profits from fee business following disposal of InterContinental Hong Kong • ~85% of IHG’s fee revenues linked to hotel revenues • ~15% linked to hotel profits IHG benefits from industry upside, but more resilient in a downturn

Franchised Managed Owned & Leased

6% <1% <1%

24% 28%

51% 49%

69% 71%

H1 2016 Operating Profit* H1 2016 Open Rooms H1 2016 Pipeline Rooms

* 2016 HY operating profit before regional and central overheads and excluding individually significant liquidated damages IHG© 3 Global business with a presence in nearly 100 countries; concentrated in the US and China

June 2016 closing June 2016 closing room count (k) pipeline rooms (k)

87k (12%) 62k 73k (28%) (10%) 99k (45%) 107k 482k (14%) (64%) 37k (17%) 23k (11%)

Greater China AMEA Europe Americas

IHG© 4 IHG has a consistently executed, winning strategy for high quality growth

Value creation: superior shareholder returns Value creation: Superior shareholder returns

Winning Model Targeted Portfolio

Attractive markets

Highest opportunity segments

Managed & franchised model

- Scale and efficiency of operations Disciplined - Investment in developing great talent and technology platforms execution - Commitment to responsible business practices

IHG© 5 IHG’s portfolio of preferred brands, supported by consumer insight, is at the heart of our strategy

Luxury Price Point Midscale

Wellbeing

Family Time

Romantic Getaway

Short Break Experience

Rest & Go

Mixing Business with Pleasure

Business Productivity

Building Business Interactions

Social Identity

IHG© 6 IHG has a broad but targeted brand portfolio

• Holiday Inn Brand Family largest brand in the world by 2x Leading scale in targeted • InterContinental Hotels & Resorts largest luxury hotel brand segments • Leading global boutique hotel business

• InterContinental: best signings/ openings since H1 2008 Evolve existing • Crowne Plaza: next stage of refresh, $200m investment over 3y brands • Holiday Inn and Holiday Inn Express: new design innovation

Organic • 4 EVEN hotels open, incl. Manhattan & Brooklyn, 7 in pipeline growth from new brands • 3 HUALUXE hotels open, 21 in pipeline; further openings in H2

M&A can supplement • 2015: Record year of signings and openings organic • 2016: First European signings in Amsterdam and Paris growth

IHG© 7 IHG is focused on the hotel markets where 80% of room revenue growth is forecast

IHG’s priority markets: forecast share of hotel industry rooms revenue growth to 20251

3% Russia / CIS 2% Canada UK 4% 4% Germany+2

United Greater States Middle East 7% China 25% 24% India 5% 3% Mexico 3% Indonesia

= >$140bn forecast industry rooms revenue growth by 2025 IHG Priority markets = 80% of forecast global growth = 87% of IHG open rooms; 90% of IHG pipeline rooms

1Sources: Smith Travel Research, Oxford Economics, McKinsey and IHG estimates. 2Includes Germany, Austria and Switzerland. IHG© 8 IHG’s focused approach has driven an acceleration in room openings and signings

• Material step up in openings and signings in the last two years • Accelerating growth with a focus on quality (nearly 150k rooms removed in 6 years) • 13% of active industry pipeline; ~3x current supply share

IHG annual gross room openings (k)1 IHG annual room signings (k)1

+4% CAGR 44 78 +10% CAGR 41 70 36 61 32 34 31 54 49 51

2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015

1Excludes InterContinental Alliance Resorts (2010: 7k room signings, 2011: 7k room openings) and previously highlighted significant tranches of US Army base rooms (2011: 5k room signings, 4k room openings, 2013: 4k room signings, 4k room openings). IHG© 9 Leading digital content and technology innovation drive direct channel delivery

Lower cost direct channels driving delivery1 2015 channel revenue contribution Digital revenue up $430m YOY in 2015; • 71.9% more than any other channel • Tracking at $1.4bn of mobile gross 13.8% OTA bookings p.a., up from <$50m in 2010

12.2% GDS

Technology innovation provides platform for IHG Rewards future growth 14.8% Club Hotel Direct • IHG continues to lead the hotel industry with technology innovation and firsts 10.7% Call centres • New digital guest services supporting

record levels of guest satisfaction IHG Digital 20.4% • Fully integrated Guest Reservation System (Web & Mobile) on target for 2017 phased launch

1Results relate to FY 2015 IHG© 10 Resilient fee-based business model

Royalty RevPAR Rooms X X Rate

H1 2016 fee revenue1 $673m up 5%2

H1 2016 Group RevPAR growth H1 2016 system growth (%YoY)

6.3% 2.0%

1.4% 3.6%

0.4%pts

ADR Occupancy RevPAR Gross Net

H1 2016: 1.1% Total RevPAR growth H1 2016: 17k rooms opened, 12k rooms removed

1 Fee revenue excludes revenue from owned and leased hotels, managed lease hotels, and significant liquidated damages receipts ² Growth stated at CER.

IHG© 11 Fee margin progression driven by scale and efficiency

Fee margin growth Focused development strategy to grow (125bps p.a. over last 11y) in priority markets and key cities Scale and efficiency benefits balanced with investing for growth

Fee-based margin (%)

+14%pts 46.3%

32.6%

$6m $3m $1m

2004 2015

IHG© 12 Optimising capital allocation remains a priority – targeted investment to drive growth

$m 2015 2014 Maintenance • Hotel maintenance capex Maintenance capex 56 101 capex & key nearly halved in 2015 with money Key money 59 53 completion of major asset disposal programme Total 115 154

$m 2015 2014 • Recyclable capex expected Recyclable Gross out 1 78 60 to be broadly neutral over investments Gross in 17 48 time, with uneven short term cash flows Net total 61 12

$m 2015 2014 System fund Gross out 71 57 • 2016 system funded capex of capital ~$100m primarily related to investments Gross in 21 20 development of GRS Net total 50 37

Medium-term per annum capex guidance unchanged – Gross: up to $350m; Net ~$150m

1 2015: Includes $24m gross investment in the InterContinental New York The Barclay. 2014: Includes $18m gross investment in the InterContinental New York The Barclay. IHG© 13 Highly cash generative business driven by fee-based operating model

Shareholder returns 2003-15 ($m) Consistently strong cash flows driving shareholder returns 12,055 • 1/3 from FCF & leverage 7,844 4,211 • 11% CAGR in ordinary dividend • Interim dividend of 30.0¢, up 9.1% Asset disposals FCF and leverage Total

Ordinary dividend progression (¢)

Efficient balance sheet with Final 85 investment grade credit rating 77 Interim 11% 70 • 2.0 to 2.5x net debt / EBITDA 64 55 58 48 52 • Towards top end in favourable 41 41 41 47 36 43 economic conditions 39 24 27 27 35 26 29 29 29 • 2.3x at 30 June 2016 19 19 17 25 28 30 16 21 23 7 8 8 10 12 12 12 13 03 04 05 06 07 08 09 10 11 12 13 14 15 16

IHG© 14 H1 trading update – confident in the outlook for 2016

• 2.0% RevPAR growth globally with Q2 growth at 2.5% Solid H1 • 17k rooms opened; 3.6% net system growth year on year performance • 35k rooms signed, taking pipeline to 222k rooms

Enhancing • 9 new signings for InterContinental Hotels & Resorts portfolio of • Over 100 Holiday Inn Brand Family signings in US alone preferred brands • First European Kimpton signings in Amsterdam & Paris

Driving direct • Rolling out “Your Rate by IHG Rewards Club” globally revenues • New Guest Reservation System on target for 2017 roll-out

IHG© 15 Conclusion

Uncertain environment in some markets

Strong industry tailwinds supporting our growth

Clear and consistently executed strategy

Highly cash generative business model

Well positioned to drive high-quality growth

IHG© 16 Hotel Monaco, a Kimpton Hotel, Philadelphia

The travel and tourism industry

IHG© Page intentionally left blank

IHG© 18 Powerful tailwinds will continue to drive growth for the hotel industry

Growing Rising Ageing Globalisation disposable GDP population of travel income

IHG is focused on the hotel markets where 80% of room revenue growth to 2025 is forecast

1Sources: Smith Travel Research, Oxford Economics, McKinsey and IHG estimates IHG© 19 In a diverse accommodation landscape the branded hotel segment is the fastest growing…

Accommodation market rooms revenue share and growth

Market share ’02 – ’14 Hotel accommodation (%)1 CAGR (%)1 Branded hotels 32 5.1 Unbranded hotels 34 2.9 66%

Market ’02 – ’14 Non-hotel accommodation share (%)2 CAGR (%)2 Short term home rental 17 4.1

Cruises 10 4.0 Timeshare / Vacation ownership 2 3.7 34% Serviced Apartments 2

Other3 3

1Source: Smith Travel Research. 2Sources: Euromonitor, IHG estimates and company reports. 3Predominantly hostels and campsites. IHG© 20 … with the large, branded players taking an increasing share of the industry

Branded hotels are gaining share …with the top 5 int’l players set to of the total industry . . . grow disproportionately

(Branded % of total revenue) (Top 5 global branded players, % of total, 2016 H1)

+0.5%pts per year

60 54 52 50 49 19 46

2003 2007 2011 2015 2019F Open rooms Pipeline

Source: Branded % of total revenue from Euromonitor; open rooms and pipeline data from STR IHG© 21 In the US, the mainstream segment – where IHG is the leader – will capture a large share of this growth

~45%1 of US industry growth will be in the mainstream2 segment

Value for money Approachable Wide business & - Service & accessible leisure appeal - Design environment - Amenities

IHG’s leading mainstream position: • 22% share of rooms3 • 27% share of active pipeline3

IHG© 1Source: Smith Travel Research, Oxford Economics, McKinsey and IHG Estimates 2Midscale & upper midscale segments 3 Source: Smith Travel Research 22 The mainstream segment is also the most resilient in a downturn

US Industry RevPAR growth by segment (2000-2015, indexed)1 160

150 Upscale-Luxury Mainstream 140 Economy 130

120

110

100

80 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Between 2000-15 the mainstream segment: • Grew RevPAR by 52%, vs. 33% for Upscale-Luxury • Experienced the highest RevPAR peak and lowest decline through the cycle

IHG© 1Source: Smith Travel Research 23 Page intentionally left blank

IHG© 24 InterContinental Bordeaux – Le Grand, France

Commercial strategy

IHG© Our commercial strategy supports the winning model to deliver a leading guest experience

Create & Deliver a Consistent & Differentiated In-Hotel Experience

Grow & Make Deepen Direct the GRS Relationships Preferred Way with High-Value to Book Guests

IHG© 26 Understanding consumers’ evolving needs and lifestyle are at the heart of our strategy

Social media Connectivity Personalisation & advocacy

New consumer digital lifestyle

DREAM PLAN BOOK STAY SHARE

RESEARCH READ REVIEWS MAKE JOURNEY POST PHOTO CHECK OPTIONS RESERVATIONS STAY WRITE REVIEW

Continuous engagement and dialogue

IHG© 27 IHG’s $1.6bn(1) System Fund supports our brand marketing and our revenue delivery system

Brands Sources of Income Sources of Spend

Marketing & Reservations Advertising & Marketing Assessment ~30% ~3.0% of rooms revenue

IHG Rewards Club Point Sales Distribution ~40% $1.6bn ~4.75% IHG Rewards Club bill (Reservation & Channels)

Other fees for value add services e.g. pay for IHG Rewards Club 30% performance programmes

1. As at 31 December 2015 IHG© 28 Holiday Inn Club Vacations, Cape Canaveral, Florida

Preferred Brands

IHG© Holiday Inn® Brand Family – Brand re-fresh has driven market out-performance

• $1bn global brand re-fresh announced in 2007 Largest ever • Re-launched 3,300 hotels, opened 1,500, and removed 1,100 global brand since programme started¹ re-fresh • Reduced average hotel age to less than both Hampton Inn and Courtyard

• Overall guest satisfaction at record highs Increased • Holiday Inn has won JD Power midscale award four out of guest satisfaction last five years • Brand preference driving RevPAR premium

IHG’s engine • Platform for innovation and expansion for accelerated • 10%+ annual growth in signings since 2011 growth • 526 hotels opened in last 3 years; 70% of total additions

1As at December 31st 2015 IHG© 30 Holiday Inn® Brand Family – Guest experience innovations and brand extensions

• Next generation public area which offers unmatched solution for guest’s business and leisure needs Holiday Inn open lobby • Over 50 already open in Americas¹ • 34 launched across eight markets in Europe; delivering double-digit increases in guest satisfaction¹

• New smart design developed in conjunction with insight from guests and owners; tailored to each region Holiday Inn Express • ~80 US hotels already adopted ‘Formula Blue’ design¹ new design • Next generation room live at ~30 properties in Europe¹ • ~70% adoption for both designs by end of 2020

• Asset light time share business launched in 2008 Holiday Inn Club Vacations • 22 resorts, 7k villas; added >3k villas in last 18 months • 340k owners, over 2x more likely to stay at IHG brands

1As at June 30th 2016 IHG© 31 Holiday Inn Brand Family – Global growth and design innovation

Holiday Inn Express Wahid Hasyim, Jakarta Holiday Inn, Manhattan Financial District

Holiday Inn Open Lobby, Frankfurt, Germany Holiday Inn Club Vacations, Las Vegas

IHG© 32 InterContinental Hotels & Resorts – Momentum behind world’s largest luxury brand

Unrivalled global • World’s largest luxury hotel brand; presence in 60+ countries luxury brand • Strong heritage; celebrating 70th anniversary this year

• 9 iconic openings and 13 signings in 2015 - New openings include London, Dubai and Bordeaux Global • Highest hotel and rooms signings in H1 2016 since 2008 Highlights - Major openings in Pattaya, Wuhan and Nantong - Re-opening of historic New York Barclay following extensive renovation

• 900 room hotel in downtown Los Angeles, part of 73-storey, Landmark $1.1 billion new-build project US hotels under - Largest InterContinental hotel in Americas on opening in 2017 development • 278 room hotel on waterfront in Washington D.C., part of new build, mixed use development

IHG© 33 InterContinental Hotels & Resorts – Recent landmark openings and signings

IHG© 34 Accelerating boutique portfolio - delivering unique guest experiences

• Kimpton® hotel content live on ihg.com Kimpton integration well − In H1 we referred c.7k web visits and 2.5k calls daily progressed • Utilising sales tools to drive corporate bookings

• 14 boutique openings and 27 signings in 2015 − Kimpton: 2015 record signings and openings − Hotel Indigo®: Two flagship openings Expanding IHG’s leading boutique position • Driving global growth for Kimpton − Kimpton Amsterdam signed in January, Paris in July − Other deals under discussion across Europe, AMEA and Greater China

35 Boutique portfolio – Recent landmark signings and openings

Hotel Monaco, a Kimpton Hotel, Pittsburgh Hotel Van Zandt, a Kimpton Hotel, Austin

Hotel Indigo, Lower East Side, New York Hotel Indigo, York

IHG© 36 Crowne Plaza – Growing scale and making business travel work

• 9% annual room growth outside of US Growing global • Doubled non-US presence over last 10 years scale • #1 business brand in Asia and our largest brand in Greater China (40k open and pipeline rooms)

• Over 55% of US estate renovated or new since 2010; enhanced consistency with guest satisfaction up 4 points • Introduced new hallmarks to drive business productivity Accelerating in the Americas – Compelling new designs (WorkLife Room, Flexible Meetings space) • Next phase of US refresh launched, with $200M to drive awareness and further halo signings

IHG© 37 Crowne Plaza – Market leading global growth

Tonk Road, Jaipur Bandung, Indonesia

Potsdamer Platz, Berlin Battersea, London

IHG© 38 HUALUXE Hotels and Resorts – Industry first in an untapped market

• First global hotel brand designed specifically Innovative brand for Chinese guest developed for • Based on four Chinese guest priorities – tradition, rejuvenation, Chinese guest status recognition and enabling spaces • Developed in China by our leading China management team

• First three hotels opened 2015; property in Yangjiang ranked #1 on Trip Advisor in the city Opening in • 21 hotels in pipeline, with further openings due in 2016 heart of China • Targeting 100 cities in Greater China in 15 to 20 years - 160 cities in China with population greater than 1 million

Chinese • 150 million outbound visitors by 2020 outbound opportunity • Future plans to introduce brand in key international destinations

IHG© 39 EVEN Hotels – Fourth property open in Brooklyn

• First two hotels opened in June 2014 followed by flagship EVEN Hotel Times Square South, Manhattan – consistently ranked in top 10 hotels in New York • Third owned property opened in Brooklyn, New York in July 2016 • Seven further hotels in pipeline – all asset light

Norwalk, EVENConnecticut, Hotel, Manhattan, USA New York EVEN Hotel / Staybridge Suites, Seattle

IHG© 40 EVEN Hotels – Addressing an unmet consumer need

Cork & Kale Restaurant Athletic Studio Bedroom

Eat Well Social Area Well-come Island

IHG© 41 Extended stay – rapid growth of both new and acquired brands

Extended stay global room count (k)

Staybridge Suites 56 Candlewood +10% CAGR 51 47 45 24 22 20 20 30

23 13 10 30 32 25 28 17 13

2005 2007 2009 2011 2013 2015

• Staybridge Suites launched in 1997; Candlewood acquired in 2004 • Average 10% annual extended stay rooms growth since 2005 • Demand for longer stay, branded product meets both corporate and leisure needs

IHG© 42 EVEN Hotels, Norwalk

Strong direct channels

IHG© IHG has a long history of technology innovation

• 1st computerised reservation system

• 1st and largest hotel rewards programme

• 1st online bookings

• 1st best price guarantee

• 1st to have apps on all mobile phone platforms

• 1st Facebook price comparison ads & trial of customer service ‘bot’

IHG© 44 Our business is built around data and technology; they are at the core of IHG’s capabilities

Sales & Marketing Direct Channels

• Programmatic marketing • www.ihg.com • 1-to-1 marketing • Mobile apps • Social media • Automated web chat

Loyalty & Lifetime Relationships Guest Innovation & Experience

• Personal relationship • Mobile Check-Out • Stay preferences • IHG Connect • Guest arrivals reports • IHG Guest reviews

Underpinned by reservation, pricing and data storage technologies

IHG© 45 Accelerating digital revenue growth – our lowest cost distribution channel

Dream Plan Book Stay Share

IHG annual digital revenue ($bn)1

Direct digital1 = IHG’s largest channel +11% CAGR • >20% of rooms revenue 4.2 • Revenue up $430m YOY in 2015; more than any other channel +7% CAGR 3.8 • Supported by fast mobile growth

– $1.4bn revenue p.a; <$50m in 2010 3.4 3.3 – Drives >50% of web traffic 3.0 – H1 growth of 32% YoY

2011 2012 2013 2014 2015

1Includes web and mobile checkout revenue. IHG© 46 Evolving and enhancing our IHG Rewards Club offering to drive direct bookings (I)

Dream Plan Book Stay Share

Launch of Personal guest Member stay Your Rate by IHG Spire Elite arrivals reports preferences Rewards Club

• Robust growth in contribution, from new and existing members

• Enrolments up 20% and points redemptions up over 30% YTD

• Direct web growth rate up by ~2%pts and OTA growth rate down by ~2%pts since “Your Rate” launch

IHG© 47 Evolving and enhancing our IHG Rewards Club offering to drive direct bookings (II)

Dream Plan Book Stay Share

“Your Rate” by IHG Rewards Club launched in May 2016

• Offers exclusive preferential rates to IHG Rewards Club members when booking direct

• Early results see a 2%pt shift in growth rate from OTA to web

• Live in 3 regions, in ~4,500 hotels, with Greater China to follow

IHG© 48 Strategic relationship with Amadeus to develop a next generation Guest Reservation System

Dream Plan Book Stay Share

• Amadeus will build the system; leverages proven expertise in technology • Fully integrated solution on target for 2017 phased launch

IHG ecosystem Amadeus cloud based community model CRM

Rev Mgmt

POS

PMS

ware GRS Middle systems Mobile App

System A IHG IHG bespoke & tools System B

IHG© 49 New GRS will deliver more innovation and develop the guest experience further

Dream Plan Book Stay Share

• Richer booking experience with more personalisation options Guest • Unique guest offerings on direct channels

• Introduction of attribute pricing to optimise revenue for owners Owner – e.g mix and match room size, floor, view, proximity to lift etc.

Hotel • Improved functionality and customisation for hotel staff staff – Driving enhanced in-hotel experience for guests

IHG© 50 InterContinental Hotel, Double Bay, Sydney

Appendix

IHG© Managed & Franchised business models - the detail

Franchising Managing

One of largest franchisers One of largest managers 533,329 franchised rooms 214,182 managed rooms Typically owner operators Typically institutional owners Standard contract Tailored contracts 20 year agreements in US 20+ year agreements Royalty fee: c. 5% room revenue Base fee: 1-3% total revenues No incentive fees Incentive fee – c. 5-7% of GOP Relatively fixed o/h base Higher overhead base

IHG© 52 Business model drives strong fee revenue growth

RevPAR X Rooms X Royalty Rate

H1 2016 fee revenue growth¹ ($m)

31 27

$22m $6m $3m (4) (3) 7

$687m $410m $74m $75m $58m H1 2016 fee 1 Revenue (CER) Group2 Americas Europe AMEA Greater China

¹ Fee revenue growth excludes revenue from owned and leased hotels, managed lease hotels, and significant liquidated damages and is stated at CER ² Group fee revenue includes $70m of central revenue.

IHG© 53 Americas – strong fee revenue growth

H1 2016 Growth in fee revenue drivers1 Comparable RevPAR up 2.4%; US up 2.1% 7.0% • Q2 US RevPAR 2.6% • Q2 Non-oil markets 3.7%; oil down 6.3% 2.4% 1.7% YoY net rooms growth 1.7% • Gross rooms growth 5.4%

Fee revenue1 up 7.0% RevPAR Net rooms Fee revenue H1 2016 Net rooms growth (k) Underlying2 revenue up 7% ($30m) 2 482 Underlying profit up 9% ($26m) 479 • $4m saving on US healthcare costs 13 (10) • $5m favourable phasing of franchise costs

Pipeline: 99k rooms • 20k rooms signed in H1

FY 2015 Exits Openings H1 2016 1 At CER 2 Underlying growth calculated at CER and excludes individually significant liquidated damages and results from managed lease hotels. IHG© 54 The Americas - performance drag from oil markets beginning to ease

IHG US RevPAR quarterly performance (Q1 2011 – Q2 2016) 15 Non-Oil Total 10 Oil

5 3.7

2.6 0

-5 -6.3

-10

-15 2011Q1 2011Q3 2012Q1 2012Q3 2013Q1 2013Q3 2014Q1 2014Q3 2015Q1 2015Q3 2016Q1

• Drag from oil reducing (110bps in Q2) versus 2015 full year impact (150bps) • Will lap easier comparables towards the end of 2016

IHG© 55 Europe – best signings performance since 2008

H1 2016 Growth in fee revenue drivers1 Comparable RevPAR up 2.0% (Q2 up 2.6%) 2.8% • UK 1.4%; provinces 4.0%; London down 2.7% 2.0% • Germany 8.7%; Paris down 19.5%

YoY net rooms growth 2.8%

• Gross rooms growth 4.1% -5.1%

Fee revenue1 down 5.1% RevPAR Net rooms Fee revenue H1 2016 Net rooms growth (k) Underlying2 revenue down 5% 107 107 Underlying2 profit down 3% • Profit up 5% excluding results from three (1) 1 hotels • Favourable phasing of regional overheads

Pipeline: 23k rooms • 4k rooms signed in H1, best since 2008 FY 2015 Exits Openings H1 2016 1 At CER 2 Underlying growth calculated at CER and excludes individually significant liquidated damages, results from managed lease hotels, and results from owned asset disposals. IHG© 56 Asia, Middle East & Africa – strong trading in key markets offset by weakness in ME

H1 2016 Growth in fee revenue drivers1 Comparable RevPAR down 0.4% (Q2 up 0.4%) 7.8% • 4.3% growth ex Middle East (down 8.0%) • Japan 6.9%; Australia 4.5%; S.E Asia 2.3% • Total RevPAR down 1.8% -0.4% YoY net rooms growth 7.8% (gross 9.4%) -3.8% • Including 3k rooms in Makkah RevPAR Net rooms Fee revenue Fee revenue1 down 3.8% H1 2016 Net rooms growth (k)

2 Underlying revenue down 2% ($2m) 73 Underlying2 profit down 5% ($2m) 72 2 • Profit up 2% excluding results from four (1) hotels

Pipeline: 37k rooms • 3k rooms signed in H1

FY 2015 Exits Openings H1 2016 1 At CER 2 Underlying growth calculated at CER and excludes individually significant liquidated damages and results from managed lease hotels. IHG© 57 Greater China – solid mainland trading and double digit system growth

H1 2016 Growth in fee revenue drivers1 Comparable RevPAR up 2.4% (Q2 2.5%) 13.7% • Mainland China up 4.7%, with Tier 1 up 6.6% 12.1% • Hong Kong down 5.4%; Macau down 12.4% • Total RevPAR down 2.7% 2.4% YoY net rooms growth 12.1%

RevPAR Net rooms Fee revenue Fee revenue1 up 13.7% H1 2016 Net rooms growth (k) 2 Underlying revenue up 14% 87 Underlying2 profit up 38% 2 • Includes $3m managed fee contribution from 85 InterContinental Hong Kong 0

Pipeline: 62k rooms • 8k rooms signed in H1, 33 hotels

FY 2015 Exits Openings H1 2016 1 At CER 2 Underlying growth calculated at CER and excludes individually significant liquidated damages, results from managed lease hotels, and results from owned asset disposals.

IHG© 58 Greater China – regional RevPAR performance driven by market specific dynamics

• Tier 1 city demand remains good, with supply growth now moderated • In Tier 2/3/4 strong demand matched by fast supply growth from a low base

Mainland Tier 11 Mainland Tier 2/3/42

10.2%

7.2% 6.6%

3.4% 3.1%

1.4%

Supply Demand RevPAR Supply Demand RevPAR (IHG) (IHG)

All data for H1 2016, supply and demand figures from STR. 1 Mainland Tier 1 excludes Hong Kong. 2 Mainland Tier 2/3/4 is the remainder of Greater China excluding Macau. IHG© 59 Currency translation reduced reported EBIT by $4m in H1; for H2, we might expect a positive impact

$(4)m EBIT impact from currency translation in H1 2016 • Based on 2015 financials and June 30th exchange rates we would expect a positive impact in H2 Net debt of $1,829m at 30th June, benefitting from sterling weakness • As of June 30th, approx. 70% of debt is denominated in sterling

Reported EBIT ($m) Foreign exchange impact ($m)3 H2 2015 at June 30th Region Reported H1 2016 vs. H1 2016 rates vs. reported H2 H1 2016 at 2015 rates1 20152 Americas 313 (4) (1) Europe 34 (1) - AMEA 39 - 2 Greater China 20 (2) (1) Central (62) 3 6 Total 344 (4) 6

1 Based on average monthly exchange rates in each year. 2 Estimated based on 30 June 2016 spot rate. 3 Major non USD currency exposure by region: Americas: Canadian Dollar, Mexican Peso; Europe: GB Pound, Euro, Russian Rouble; AMEA: Japanese Yen, Australian Dollar, Singapore Dollar; Greater China: Chinese Renminbi; Central: GB Pound

IHG© 60 2016 significant flags

2016 flags (as at FY’15 results)

• $(7)m investment in development resources Americas franchised • $(6)m InterContinental New York Barclay costs Americas managed • $(3)m impact from annualisation of Kimpton exits Americas managed

2016 flags (as at H1’16 results) H1 2016 H2 2016

• $(7)m investment in development resources* Americas franchised - $(4)m • $(6)m InterContinental New York Barclay costs Americas managed $(4)m $(2)m • $(3)m impact from annualisation of Kimpton exits Americas managed $(3)m - • $ 5m favourable phasing of costs Americas franchised $5m 201$(5)m • $ 4m year on year healthcare saving Americas regional costs $4m - • $(2)m revenue reduction at 3 hotels Europe managed $(2)m - • $(7)m revenue reduction at 4 hotels AMEA managed $(4)m $(3)m

* With a further $3m of annualisation into 2017 IHG© 61 Hotel franchising

Total gross revenue $bn1 (rooms only) Group royalty drivers H1 2016 YoY

Average H1 2016 7.0 1.7% rooms

H1 2015 6.8 RevPAR 2.1%

H1 2014 6.5 Royalty fees 3.8%

Franchise Fees2 $m Franchise EBIT $m (margin %)

H1 2016 397 H1 2016 340 (86%)

H1 2015 383 H1 2015 324 (85%)

H1 2014 357 H1 2014 300 (84%)

Based on actual USD with the exception of group royalty drivers which are calculated at constant exchange rates ¹Total gross revenue is defined as total room revenue from franchise hotels, it is not revenue attributable to IHG ²Franchise fees and EBIT exclude individually significant liquidated damages of $7m in Americas in 2014

Total gross revenue $bn1 (total hotel) Management Fees² $m

H1 2016 4.8 H1 2016 207

H1 2015 4.7 H1 2015 207

H1 2014 4.4 H1 2014 181

Managed EBIT² $m (margin %) Reported managed lease revenue and EBIT $m

H1 2016 109 (53%) $m H1 2016 H1 2015 Americas revenue 20 22 Americas EBIT 1 2 (54%) H1 2015 111 Europe revenue 38 36 Europe EBIT 1 (1) H1 2014 105 (58%) AMEA revenue 24 21 AMEA EBIT 2 1

Based on actual USD ¹Total gross revenue is defined as total hotel revenue from managed hotels, it is not revenue attributable to IHG. ²Hotel management fees and EBIT exclude the results of leased properties, individually significant liquidated damages of $3m in H1 2015.

O&L revenue $m O&L EBIT $m (margin %)

H1 2016 83 H1 2016 13 (16%)

H1 2015 80 H1 2015 13 (16%)

H1 2014 140 H1 2014 29 (21%)

O&L EBITDA $m Reported O&L revenue and EBIT from disposals ($m)

H1 2016 17 $m H1 2015 H2 2015

InterContinental Paris Revenue 30 - H1 2015 18 InterContinental Paris EBIT 1 - InterContinental Hong Kong Revenue 67 31

H1 2014 41 InterContinental Hong Kong EBIT 18 11

*All charts exclude results from disposed assets: InterContinental New York Barclay (sold 2014), InterContinental Mark Hopkins San Francisco (sold 2014), InterContinental – Le Grand (sold 2015) and InterContinental Hong Kong (sold 2015). © 2016 IHG 64 Revenue & Operating Profit

Total Revenue Total Operating Profit

Half Year Full Year Half Year Full Year 2016 2015 2014 2015 2014 2016 2015 2014 2015 2014

Franchised 338 323 305 661 630 295 279 263 575 544 Managed 86 85 52 166 103 32 36 25 64 47 Owned & Leased 66 63 78 128 138 12 12 8 24 18 490 471 435 955 871 339 327 296 663 609 Regional Overhead (26) (32) (28) (66) (65) Total Americas 490 471 435 955 871 313 295 268 597 544

Franchised 49 50 49 104 104 37 37 36 77 78 Managed 60 64 81 131 159 10 13 15 28 30 Owned & Leased - 30 52 30 111 - 1 2 1 14 109 144 182 265 374 47 51 53 106 122 Regional Overhead (13) (15) (15) (28) (33) Total Europe 109 144 182 265 374 34 36 38 78 89

Franchised 8 8 8 16 16 6 6 6 12 12 Managed 90 91 90 189 187 42 42 42 90 88 Owned & Leased 17 17 19 36 39 1 1 1 3 3 115 116 117 241 242 49 49 49 105 103 Regional Overhead (10) (9) (11) (19) (19) Total AMEA 115 116 117 241 242 39 40 38 86 84

Franchised 2 2 2 4 4 2 2 2 5 5 Managed 53 49 44 105 99 29 25 25 59 63 Owned & Leased - 67 66 98 139 - 18 19 29 42 55 118 112 207 242 31 45 46 93 110 Regional Overhead (11) (11) (10) (23) (21) Total Greater China 55 118 112 207 242 20 34 36 70 89

Central Overheads 69 66 62 135 129 (62) (68) (70) (151) (155)

$m 6 months to 30 June 2016 6 months to 30 June 2015

Operating profit1 344 337

Depreciation & amortisation 48 49

Working capital & other movements2 (77) (157)

Movement in loyalty programme liability and System Fund surplus 110 107

Utilisation of provisions (4) -

Equity-settled share-based cost 11 11

Retirement benefit contributions, net of cost - (1)

Net purchase of shares by employee share trusts (10) (47)

Cash flows relating to exceptional operating items (10) (33)

Net interest paid & similar charges (8) (14)

Tax paid3 (32) (72)

Capital expenditure: key money (18) (19)

Capital expenditure: maintenance (18) (27)

Free cash flow 336 134

1. Before exceptional items 2. Includes cash receipts on behalf of the System Fund of approximately $95m from renegotiation of long-term partnership agreements and System Fund depreciation and amortisation inflow to IHG of $14m in the six months to 30 June 2016 and $10m in the six months to 30 June 2015 3. Excludes tax paid on disposals

$m 6 months to 30 June 2016 6 months to 30 June 2015 Free cash flow 336 134

Capital expenditure: Recyclable investments (25) (49)

Capital expenditure: System Fund investments (47) (30)

Capital expenditure: Acquisition of business - (438)

Disposal receipts: Other 11 6

Disposal receipts: InterContinental assets - 363

Ordinary dividend (137) (125)

Special dividend (1,500) -

Transaction costs relating to shareholder returns (1) -

Proceeds from foreign exchange swaps - 22

Dividends paid to non-controlling interests (5) -

Net cash outflow (1,368) (117)

Exchange & other non-cash items 68 (60)

Opening net debt (529) (1,533)

Closing net debt (1,829) (1,710)

Qtr 2 Jun YTD Constant US$ RevPAR ADR Occupancy RevPAR ADR Occupancy % % %pts % % %pts

Total Americas 2.8% 2.1% 0.5% 2.4% 2.2% 0.1% Total Europe 2.6% 2.5% 0.1% 2.0% 1.6% 0.3% Total AMEA 0.4% 2.1% (1.1%) (0.4%) 0.0% (0.3%) Total Greater China 2.5% (2.2%) 3.0% 2.4% (2.7%) 3.0% Total IHG 2.5% 1.7% 0.5% 2.0% 1.4% 0.4%

United States: InterContinental 3.4% 3.5% (0.1%) 3.3% 3.3% 0.0% Kimpton 2.1% 0.7% 1.2% 2.5% 0.3% 1.7% Crowne Plaza 2.8% 2.5% 0.2% 1.6% 2.6% (0.7%) Hotel Indigo (1.3%) (0.6%) (0.6%) (0.2%) 0.4% (0.5%) EVEN Hotels 16.5% 1.8% 10.4% 15.5% 0.3% 9.2% Holiday Inn 2.8% 2.4% 0.3% 2.8% 2.6% 0.1% Holiday Inn Express 2.6% 1.9% 0.5% 1.9% 1.7% 0.2% Staybridge Suites 2.6% 2.0% 0.5% 2.6% 2.4% 0.1% Candlewood Suites 1.6% 1.0% 0.5% 0.2% 0.8% (0.5%) All Brands 2.6% 2.0% 0.4% 2.1% 2.0% 0.0%

Constant US$ Franchised Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2016 Pts 2016 Growth 2016 Growth 2016 Pts 2016 Growth 2016 Growth

InterContinental 24 69.1% (0.1%) 152.15 9.4% 105.15 9.3% 18 81.5% (1.1%) 238.10 4.7% 194.10 3.3% Kimpton - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 49 86.2% 1.2% 246.60 0.7% 212.65 2.1% Crowne Plaza 148 72.9% 0.6% 121.91 2.0% 88.83 2.8% 10 81.3% (3.0%) 142.20 7.7% 115.55 3.9% Hotel Indigo 32 74.6% (0.1%) 146.76 0.4% 109.53 0.2% 2 84.8% (6.1%) 183.29 (3.5%) 155.41 (10.0%) EVEN Hotels - 0.0% 0.0% 0.00 0.0% 0.00 0.0% - 0.0% 0.0% 0.00 0.0% 0.00 0.0% Holiday Inn 669 70.9% 0.3% 113.05 2.4% 80.13 2.8% 17 77.2% 1.7% 134.79 2.9% 104.09 5.2% Holiday Inn Express 1,968 73.3% 0.7% 113.44 1.7% 83.11 2.7% 1 87.8% (3.2%) 237.33 3.7% 208.33 0.0% Staybridge Suites 167 80.7% 0.7% 113.53 1.4% 91.67 2.3% 25 84.3% (0.5%) 137.96 4.1% 116.32 3.5% Candlewood Suites 260 77.4% 0.2% 83.67 0.6% 64.75 0.9% 61 86.3% 1.3% 81.87 1.8% 70.67 3.4%

Americas 3,268 73.0% 0.5% 113.24 2.0% 82.72 2.7% 183 83.4% 0.2% 174.91 2.7% 145.85 2.9%

InterContinental 6 70.0% (5.8%) 203.84 3.2% 142.69 (4.6%) 20 75.0% (1.6%) 227.55 1.0% 170.70 (1.2%) Crowne Plaza 73 74.0% (2.3%) 126.03 3.4% 93.22 0.2% 8 81.6% 2.0% 155.90 6.0% 127.22 8.7% Hotel Indigo 14 81.2% 0.9% 156.09 3.7% 126.70 4.8% 3 78.6% (5.3%) 176.02 (7.5%) 138.38 (13.3%) Holiday Inn 259 75.8% 0.6% 105.36 2.7% 79.88 3.5% 6 73.8% 9.9% 70.47 0.3% 52.00 15.9% Holiday Inn Express 216 80.5% 0.9% 97.78 3.5% 78.74 4.7% 1 68.5% (4.1%) 57.57 6.2% 39.46 0.2% Staybridge Suites 5 83.3% 1.4% 130.25 7.9% 108.44 9.7% - 0.0% 0.0% 0.00 0.0% 0.00 0.0%

Europe 573 76.9% 0.0% 109.40 2.9% 84.12 3.0% 38 76.1% 0.5% 190.42 0.2% 144.82 0.8%

InterContinental 7 77.2% 2.8% 184.53 1.6% 142.44 5.5% 48 67.8% (1.6%) 205.87 5.2% 139.58 2.8% Crowne Plaza 8 71.6% (3.8%) 95.51 6.3% 68.38 0.9% 55 70.4% (1.7%) 116.67 1.4% 82.14 (0.9%) Holiday Inn 18 63.3% (0.4%) 98.16 (2.7%) 62.13 (3.3%) 51 69.9% (0.6%) 94.75 (2.4%) 66.25 (3.2%) Holiday Inn Express 8 57.8% (7.1%) 57.58 (3.8%) 33.28 (14.3%) 15 68.5% 3.8% 62.21 (5.1%) 42.61 0.5% Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 3 68.2% (5.8%) 152.87 1.4% 104.30 (6.5%) Other 2 77.6% (6.2%) 68.06 2.0% 52.82 (5.6%) 1 85.2% (2.7%) 85.85 12.9% 73.18 9.5%

AMEA 43 67.7% (1.7%) 113.90 2.4% 77.11 (0.1%) 173 69.4% (1.0%) 134.87 2.0% 93.64 0.5%

InterContinental 1 80.5% (2.7%) 198.68 (1.4%) 159.85 (4.6%) 32 59.3% 1.7% 127.78 (1.6%) 75.73 1.2% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 67 60.9% 3.2% 86.12 (0.8%) 52.49 4.8% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 5 69.3% (1.4%) 179.44 1.9% 124.30 (0.1%) Holiday Inn 2 75.8% (2.9%) 111.84 (3.5%) 84.72 (7.0%) 61 66.5% 4.5% 71.79 (4.6%) 47.75 2.3% Holiday Inn Express 1 76.4% (5.9%) 34.99 17.9% 26.72 9.5% 48 74.8% 2.9% 51.12 0.6% 38.26 4.7%

Greater China 4 77.0% (3.0%) 130.70 (2.1%) 100.67 (5.8%) 213 64.6% 3.2% 83.45 (2.0%) 53.91 3.1%

Total IHG 3,888 73.7% 0.3% 112.59 2.2% 82.94 2.7% 607 70.9% 1.1% 129.66 0.4% 91.96 2.0%

Constant US$ Owned & Leased Comparable Total Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2016 Pts 2016 Growth 2016 Growth 2016 Pts 2016 Growth 2016 Growth

InterContinental 1 85.4% 0.2% 350.70 6.0% 299.59 6.3% 43 76.0% (0.6%) 206.15 6.1% 156.61 5.2% Kimpton - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 49 86.2% 1.2% 246.60 0.7% 212.65 2.1% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 158 73.5% 0.3% 123.70 2.5% 90.96 2.9% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 34 75.6% (0.7%) 150.65 (0.3%) 113.89 (1.3%) EVEN Hotels 2 82.1% 10.4% 138.46 1.8% 113.61 16.5% 2 82.1% 10.4% 138.46 1.8% 113.61 16.5% Holiday Inn 2 73.7% 5.2% 139.32 (3.6%) 102.63 3.8% 688 71.2% 0.4% 114.27 2.4% 81.33 2.9% Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 1,969 73.3% 0.7% 113.66 1.7% 83.29 2.7% Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 192 81.3% 0.5% 117.35 1.8% 95.38 2.5% Candlewood Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 321 79.6% 0.5% 83.19 0.9% 66.21 1.6%

Americas 5 78.3% 4.9% 199.43 0.1% 156.09 6.8% 3,456 74.0% 0.5% 119.65 2.1% 88.51 2.8%

InterContinental - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 26 74.2% (2.3%) 223.69 1.4% 165.87 (1.7%) Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 81 74.8% (1.9%) 129.44 3.8% 96.77 1.3% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 17 80.8% (0.0%) 159.03 1.4% 128.47 1.4% Holiday Inn - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 265 75.7% 0.9% 104.21 2.5% 78.94 3.7% Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 217 80.5% 0.9% 97.63 3.6% 78.56 4.7% Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 5 83.3% 1.4% 130.25 7.9% 108.44 9.7%

Europe - 0.0% 0.0% - 0.0% - 0.0% 611 76.8% 0.1% 118.23 2.5% 90.80 2.6%

InterContinental 1 55.0% (4.3%) 113.05 6.5% 62.14 (1.3%) 56 68.8% (1.0%) 201.02 4.7% 138.37 3.2% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 63 70.5% (1.9%) 114.61 1.9% 80.82 (0.7%) Holiday Inn 1 94.5% 2.1% 112.75 6.0% 106.58 8.4% 70 68.7% (0.5%) 95.77 (2.3%) 65.81 (3.0%) Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 23 64.6% (0.2%) 60.71 (4.3%) 39.22 (4.6%) Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 3 68.2% (5.8%) 152.87 1.4% 104.30 (6.5%) Other - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 3 81.2% (4.5%) 76.84 7.9% 62.40 2.2%

AMEA 2 68.9% (2.0%) 112.90 6.3% 77.81 3.2% 218 69.1% (1.1%) 131.06 2.1% 90.60 0.4%

InterContinental - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 33 60.1% 1.5% 131.68 (1.8%) 79.19 0.7% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 67 60.9% 3.2% 86.12 (0.8%) 52.49 4.8% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 5 69.3% (1.4%) 179.44 1.9% 124.30 (0.1%) Holiday Inn - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 63 67.2% 4.0% 75.09 (4.9%) 50.46 1.1% Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 49 74.9% 2.8% 50.93 0.8% 38.12 4.7%

Greater China - 0.0% 0.0% - 0.0% - 0.0% 217 65.0% 3.0% 85.18 (2.2%) 55.35 2.5%

Total IHG 7 75.8% 3.0% 178.53 1.9% 135.30 6.1% 4,502 73.0% 0.5% 117.05 1.7% 85.42 2.5%

Constant US$ Franchised Comparable Managed Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2016 Pts 2016 Growth 2016 Growth 2016 Pts 2016 Growth 2016 Growth

InterContinental 24 68.4% (0.4%) 152.23 9.4% 104.09 8.8% 18 77.7% (0.5%) 235.09 5.1% 182.68 4.4% Kimpton - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 49 81.4% 1.7% 232.02 0.3% 188.84 2.5% Crowne Plaza 148 68.1% (0.2%) 118.80 1.9% 80.87 1.7% 10 76.7% (3.4%) 141.52 8.8% 108.52 4.1% Hotel Indigo 32 72.0% 0.2% 142.55 1.3% 102.61 1.5% 2 78.1% (6.3%) 168.43 (3.0%) 131.50 (10.2%) EVEN Hotels - 0.0% 0.0% 0.00 0.0% 0.00 0.0% - 0.0% 0.0% 0.00 0.0% 0.00 0.0% Holiday Inn 669 66.0% 0.2% 109.82 2.5% 72.47 2.8% 17 73.7% 0.9% 131.48 4.8% 96.94 6.1% Holiday Inn Express 1,968 68.3% 0.3% 110.51 1.6% 75.51 2.0% 1 85.8% (0.9%) 227.83 6.0% 195.47 4.8% Staybridge Suites 167 76.3% 0.3% 111.48 1.6% 85.01 1.9% 25 82.3% (0.3%) 139.21 5.6% 114.51 5.2% Candlewood Suites 260 72.5% (0.7%) 81.84 0.5% 59.31 (0.4%) 61 80.8% 0.2% 81.05 1.7% 65.49 1.9%

Americas 3,268 68.3% 0.1% 110.41 2.0% 75.36 2.2% 183 79.1% 0.1% 169.88 3.4% 134.32 3.5%

InterContinental 6 65.6% (3.9%) 198.78 2.3% 130.35 (3.4%) 20 66.7% (1.4%) 211.27 (0.7%) 140.94 (2.8%) Crowne Plaza 73 68.3% (1.8%) 121.76 3.2% 83.13 0.5% 8 74.7% 3.9% 145.31 4.6% 108.47 10.4% Hotel Indigo 14 75.5% 1.0% 145.16 1.8% 109.54 3.2% 3 72.4% (4.1%) 168.11 (4.0%) 121.68 (9.1%) Holiday Inn 259 69.1% 0.7% 101.91 1.2% 70.45 2.2% 6 66.8% 8.8% 68.93 (3.9%) 46.03 10.6% Holiday Inn Express 216 74.6% 1.1% 93.54 2.7% 69.78 4.3% 1 61.4% (2.6%) 56.45 7.4% 34.67 3.0% Staybridge Suites 5 79.5% (2.2%) 123.26 8.0% 98.01 5.0% - 0.0% 0.0% 0.00 0.0% 0.00 0.0%

Europe 573 70.7% 0.2% 105.41 1.9% 74.52 2.3% 38 68.2% 0.9% 177.05 (1.2%) 120.79 0.1%

InterContinental 7 74.1% 1.1% 176.89 0.0% 131.13 1.6% 48 69.7% (0.0%) 200.71 1.6% 139.84 1.6% Crowne Plaza 8 71.5% (0.3%) 89.87 5.3% 64.24 5.0% 55 72.2% (1.3%) 120.20 0.1% 86.73 (1.7%) Holiday Inn 18 66.0% (0.6%) 104.29 (2.2%) 68.83 (3.1%) 51 73.0% 0.5% 100.03 (2.8%) 73.01 (2.2%) Holiday Inn Express 8 63.3% (5.5%) 68.86 (4.8%) 43.57 (12.4%) 15 68.6% 4.8% 65.87 (4.7%) 45.20 2.4% Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 3 68.6% (9.3%) 155.15 2.6% 106.45 (9.6%) Other 2 75.5% (5.4%) 67.23 1.1% 50.75 (5.6%) 1 87.8% (0.5%) 84.06 17.3% 73.81 16.6%

AMEA 43 68.8% (1.2%) 113.18 0.4% 77.89 (1.4%) 173 71.5% (0.1%) 136.09 (0.1%) 97.24 (0.2%)

InterContinental 1 81.2% (1.9%) 204.40 (6.1%) 165.90 (8.2%) 32 56.4% 1.7% 133.03 (0.8%) 75.06 2.2% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 67 57.0% 3.4% 84.76 (1.2%) 48.33 5.1% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 5 67.6% 0.5% 177.39 (0.6%) 119.87 0.1% Holiday Inn 2 74.6% (1.4%) 112.96 (9.1%) 84.27 (10.8%) 61 63.0% 4.1% 73.78 (4.6%) 46.50 2.0% Holiday Inn Express 1 81.1% (0.8%) 35.20 15.9% 28.55 14.7% 48 69.7% 3.0% 51.00 (1.0%) 35.57 3.4%

Greater China 4 76.7% (1.5%) 133.01 (7.6%) 102.05 (9.4%) 213 60.8% 3.2% 84.61 (2.2%) 51.46 3.2%

Total IHG 3,888 68.8% 0.1% 109.63 1.9% 75.38 2.1% 607 68.5% 1.4% 128.30 (0.1%) 87.85 2.0%

Constant US$ Owned & Leased Comparable Total Comparable Hotels Occ % ADR RevPAR Hotels Occ % ADR RevPAR 2016 Pts 2016 Growth 2016 Growth 2016 Pts 2016 Growth 2016 Growth

InterContinental 1 79.5% 2.0% 305.59 2.9% 242.92 5.5% 43 73.5% (0.4%) 202.03 6.3% 148.46 5.8% Kimpton - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 49 81.4% 1.7% 232.02 0.3% 188.84 2.5% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 158 68.8% (0.4%) 120.81 2.5% 83.07 1.9% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 34 72.6% (0.5%) 145.19 0.6% 105.35 (0.1%) EVEN Hotels 2 69.9% 9.2% 133.82 0.3% 93.52 15.5% 2 69.9% 9.2% 133.82 0.3% 93.52 15.5% Holiday Inn 2 74.0% 2.8% 165.81 (3.7%) 122.62 0.1% 688 66.4% 0.2% 111.33 2.6% 73.90 2.9% Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 1,969 68.4% 0.3% 110.72 1.6% 75.68 2.0% Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 192 77.2% 0.2% 115.93 2.3% 89.45 2.6% Candlewood Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 321 74.5% (0.4%) 81.63 0.8% 60.83 0.2%

Americas 5 74.7% 3.8% 199.20 (1.2%) 148.72 4.0% 3,456 69.2% 0.1% 116.70 2.2% 80.78 2.4%

InterContinental - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 26 66.5% (1.9%) 209.14 (0.1%) 139.11 (2.9%) Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 81 68.9% (1.2%) 124.42 3.5% 85.77 1.7% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 17 75.0% 0.2% 148.52 0.6% 111.38 0.9% Holiday Inn - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 265 69.0% 0.9% 100.83 1.0% 69.62 2.4% Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 217 74.5% 1.1% 93.40 2.8% 69.62 4.3% Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 5 79.5% (2.2%) 123.26 8.0% 98.01 5.0%

Europe - 0.0% 0.0% - 0.0% - 0.0% 611 70.4% 0.3% 113.05 1.6% 79.62 2.0%

InterContinental 1 52.7% 0.0% 113.15 1.9% 59.62 2.0% 56 69.9% 0.1% 195.85 1.4% 136.97 1.6% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 63 72.1% (1.2%) 117.32 0.4% 84.57 (1.2%) Holiday Inn 1 94.8% 3.6% 112.25 1.5% 106.38 5.5% 70 71.7% 0.2% 101.13 (2.6%) 72.47 (2.3%) Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 23 66.7% 1.0% 66.91 (4.9%) 44.61 (3.5%) Staybridge Suites - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 3 68.6% (9.3%) 155.15 2.6% 106.45 (9.6%) Other - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 3 81.3% (3.1%) 75.78 9.8% 61.60 5.7%

AMEA 2 67.5% 1.3% 112.71 1.7% 76.11 3.7% 218 71.0% (0.3%) 131.99 0.0% 93.65 (0.4%)

InterContinental - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 33 57.4% 1.5% 137.18 (1.5%) 78.79 1.2% Crowne Plaza - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 67 57.0% 3.4% 84.76 (1.2%) 48.33 5.1% Hotel Indigo - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 5 67.6% 0.5% 177.39 (0.6%) 119.87 0.1% Holiday Inn - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 63 63.9% 3.7% 77.13 (5.6%) 49.27 0.2% Holiday Inn Express - 0.0% 0.0% 0.00 0.0% 0.00 0.0% 49 69.9% 2.9% 50.78 (0.8%) 35.49 3.5%

Greater China - 0.0% 0.0% - 0.0% - 0.0% 217 61.3% 3.0% 86.48 (2.7%) 53.02 2.4%

Total IHG 7 72.8% 3.1% 177.89 (0.5%) 129.45 3.9% 4,502 68.7% 0.4% 114.62 1.4% 78.74 2.0%

Franchised Managed Owned & Leased Total Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms

InterContinental 25 6,993 22 9,084 1 424 48 16,501 Kimpton 0 0 62 11,076 0 0 62 11,076 Crowne Plaza 158 41,467 12 3,832 0 0 170 45,299 Hotel Indigo 39 4,628 5 1,055 0 0 44 5,683 EVEN Hotels 0 0 1 150 2 296 3 446 Holiday Inn 746 130,024 18 5,386 2 903 766 136,313 Holiday Inn Express 2,129 189,593 1 252 0 0 2,130 189,845 Staybridge Suites 191 20,079 26 3,201 0 0 217 23,280 Candlewood Suites 286 25,260 61 7,553 0 0 347 32,813 Other 2 6,986 82 14,166 0 0 84 21,152 Americas 3,576 425,030 290 55,755 5 1,623 3,871 482,408

InterContinental 8 2,141 23 7,553 0 0 31 9,694 Crowne Plaza 77 17,704 11 2,566 0 0 88 20,270 Hotel Indigo 16 1,552 3 238 0 0 19 1,790 Holiday Inn 276 44,302 8 1,917 0 0 284 46,219 Holiday Inn Express 227 27,465 1 118 0 0 228 27,583 Staybridge Suites 6 877 0 0 0 0 6 877 Other 1 141 0 0 0 0 1 141 Europe 611 94,182 46 12,392 0 0 657 106,574

InterContinental 7 2,521 60 18,200 1 380 68 21,101 Crowne Plaza 9 1,882 62 18,155 0 0 71 20,037 Hotel Indigo 0 0 2 323 0 0 2 323 Holiday Inn 24 4,798 65 15,633 1 207 90 20,638 Holiday Inn Express 10 2,268 22 4,873 0 0 32 7,141 Staybridge Suites 0 0 3 425 0 0 3 425 Other 2 464 3 3,280 0 0 5 3,744 AMEA 52 11,933 217 60,889 2 587 271 73,409

InterContinental 1 570 35 14,540 0 0 36 15,110 HUALUXE 0 0 3 798 0 0 3 798 Crowne Plaza 0 0 76 27,041 0 0 76 27,041 Hotel Indigo 0 0 5 611 0 0 5 611 Holiday Inn 2 1,476 78 23,589 0 0 80 25,065 Holiday Inn Express 1 138 65 16,354 0 0 66 16,492 Other 0 0 5 2,213 0 0 5 2,213 Greater China 4 2,184 267 85,146 0 0 271 87,330

InterContinental 41 12,225 140 49,377 2 804 183 62,406 Kimpton 0 0 62 11,076 0 0 62 11,076 HUALUXE 0 0 3 798 0 0 3 798 Crowne Plaza 244 61,053 161 51,594 0 0 405 112,647 Hotel Indigo 55 6,180 15 2,227 0 0 70 8,407 EVEN Hotels 0 0 1 150 2 296 3 446 Holiday Inn 1,048 180,600 169 46,525 3 1,110 1,220 228,235 Holiday Inn Express 2,367 219,464 89 21,597 0 0 2,456 241,061 Staybridge Suites 197 20,956 29 3,626 0 0 226 24,582 Candlewood Suites 286 25,260 61 7,553 0 0 347 32,813 Other 5 7,591 90 19,659 0 0 95 27,250 Total System Size 4,243 533,329 820 214,182 7 2,210 5,070 749,721

Franchised Managed Owned & Leased Total

Hotels Rooms Hotels Rooms Hotels Rooms Hotels Rooms

InterContinental 2 407 4 1,718 0 0 6 2,125 Kimpton 0 0 16 3,128 0 0 16 3,128 Crowne Plaza 11 2,040 2 401 0 0 13 2,441 Hotel Indigo 23 2,672 5 873 0 0 28 3,545 EVEN Hotels 4 552 3 508 1 202 8 1,262 Holiday Inn 124 16,480 2 442 0 0 126 16,922 Holiday Inn Express 478 46,045 2 457 0 0 480 46,502 Staybridge Suites 118 12,495 2 309 0 0 120 12,804 Candlewood Suites 103 9,215 0 0 0 0 103 9,215 Other 0 0 12 1,506 0 0 12 1,506 America 863 89,906 48 9,342 1 202 912 99,450

InterContinental 2 213 4 720 0 0 6 933 Crowne Plaza 10 1,823 5 1,375 0 0 15 3,198 Hotel Indigo 13 1,538 1 220 0 0 14 1,758 Holiday Inn 30 5,382 9 3,081 0 0 39 8,463 Holiday Inn Express 48 7,475 6 1,060 0 0 54 8,535 Staybridge Suites 3 429 1 82 0 0 4 511 Europe 106 16,860 26 6,538 0 0 132 23,398

InterContinental 0 0 23 5,643 0 0 23 5,643 Crowne Plaza 0 0 19 5,112 0 0 19 5,112 Hotel Indigo 0 0 11 2,049 0 0 11 2,049 Holiday Inn 2 610 42 11,203 0 0 44 11,813 Holiday Inn Express 5 1,097 35 7,186 0 0 40 8,283 Staybridge Suites 1 250 3 538 0 0 4 788 Other 0 0 0 3,512 0 0 0 3,512 AMEA 8 1,957 133 35,243 0 0 141 37,200

InterContinental 0 0 22 7,606 0 0 22 7,606 HUALUXE 0 0 21 6,657 0 0 21 6,657 Crowne Plaza 0 0 40 13,179 0 0 40 13,179 Hotel Indigo 0 0 10 1,577 0 0 10 1,577 Holiday Inn 0 0 51 15,279 0 0 51 15,279 Holiday Inn Express 2 482 75 17,126 0 0 77 17,608 Other 0 0 1 279 0 0 1 279 Greater China 2 482 220 61,703 0 0 222 62,185

InterContinental 4 620 53 15,687 0 0 57 16,307 Kimpton 0 0 16 3,128 0 0 16 3,128 HUALUXE 0 0 21 6,657 0 0 21 6,657 Crowne Plaza 21 3,863 66 20,067 0 0 87 23,930 Hotel Indigo 36 4,210 27 4,719 0 0 63 8,929 EVEN Hotels 4 552 3 508 1 202 8 1,262 Holiday Inn 156 22,472 104 30,005 0 0 260 52,477 Holiday Inn Express 533 55,099 118 25,829 0 0 651 80,928 Staybridge Suites 122 13,174 6 929 0 0 128 14,103 Candlewood Suites 103 9,215 0 0 0 0 103 9,215 Other 0 0 13 5,297 0 0 13 5,297 Total Pipeline 979 109,205 427 112,826 1 202 1,407 222,233

Investor Relations team contact details:

Catherine Dolton Adam Smith [email protected] [email protected] +44 (0)1895 512216 +44 (0) 1895 512829

Debbie Holmes Ian Gibson [email protected] [email protected] +44 (0) 1895 512176 +44 (0) 1895 512285