The UKs leading hospitality company

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Annual General Meeting

• June 14 2005

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Sir John Banham

• Chairman

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Agenda for todays meeting

• The latest chapter
• The next chapter
• Questions
• AGM business

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The latest chapter

• Total shareholder returns 5 years to June 2005
  FTSE 100 constituents in 2000

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Total shareholder return

• June 2000 - June 2005

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The next chapter

• More of the same, but better
• Continued top line organic growth
• Like-for-like sales growth
• Improvement in returns

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Alan Parker

• Chief Executive

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Trading statement
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
1.5
14.1
Travel Inn only
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One Whitbread - route map
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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

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Return on capital employed 2004/5
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The Whitbread family
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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

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WINcard - Whitbread in Numbers
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The Whitbread Way

• We believe in
• People and Teamwork
• Caring for Guests
• Passion for Winning
• Continuous Improvement

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One Whitbread synergies
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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

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Summary

• Whitbread is the UKs 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

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Shareholder questions
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Resolution one
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Resolution two
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Resolution three
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Resolution four
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Resolution five
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Resolution six
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Resolution seven
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Resolution eight
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Resolution nine
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Resolution ten
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Resolution eleven
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Resolution twelve
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Resolution thirteen
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Annual General Meeting

• June 14 2005

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