NYSE$RHP

Ryman Hospitality Properties Inc. · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Ryman Hospitality Properties reported results for the second quarter ended June 30, 2020.

Ryman Hospitality Properties successfully reopened most of its hospitality and entertainment operations during June, implementing enhanced cleaning standards and social distancing protocols. The company is focusing on regional transient demand and managing expenses to improve cash burn rate.

  • Most hospitality and entertainment operations were successfully reopened in June.
  • Enhanced cleaning standards and social distancing protocols were implemented.
  • Focus is on regional transient demand and 'stay-cation' opportunities.
  • Expense management improved cash burn rate.

Headline financials

Total Revenue

$14.7M

Previous: $408M-96.4%
EPS (adj)

-$1.65

Previous: $2.01-182.1%
Occupancy

12.8%

Previous: 76.3%-83.2%
Average Daily Rate

$164.00

Previous: $238.00-31.1%
RevPAR

$21.00

Previous: $182.00-88.5%
Total RevPAR

$41.00

Previous: $288.00-85.8%
Capital Expenditures

-$83.1M

Previous: -$69.1M-20.4%
Free Cash Flow

-$271M

Previous: -$22.8M-1088.2%
Net Income

-$188M

Previous: $46.3M-505.5%
Operating Income

-$141M

Previous: $85.3M-265.0%
Gross Profit

-$46.2M

Previous: $180M-125.6%
Cash & Equivalents

$82.4K

Previous: $104M-99.9%
Total Assets

$3.74M

Previous: $3.85B-99.9%
Stock-Based Comp

$2.19M

Previous: $1.94M+13.1%

Revenue & EPS history

Ryman · Revenue · Quarterly

$14.7M

Q2 2020-96.4%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Ryman · $36.3K total across 2 segments · Q2 2020

  • Hospitality
    $30.3K-90.9%
  • Entertainment
    $5.92K-94.2%

Forward guidance

The company is managing through a difficult period, recognizing the efforts of employees and adapting to unprecedented challenges.

Tailwinds

  • Company is aggressively responding and quickly adapting to challenges.
  • Feedback from customers and officials has positioned the company as a leader.
  • Ample liquidity to weather an extended period of disruption.
  • Committed to controlling expenses.
  • Adapting to the current business environment.

Headwinds

  • COVID-19 has had a significant impact on the ability to fully return to business as usual.
  • Group cancellations continue as social distancing and travel restrictions weigh on this sector.
  • Unspecified risks and uncertainties associated with the COVID-19 pandemic.
  • Economic conditions affecting the hospitality business generally.
  • Geographic concentration of the Company’s hotel properties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.3%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+3.1%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+7.8%

Q1 2020

Best reaction

-12.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+5.6%+9.5%
Q4 2025-0.7%-4.2%-9.7%
Q3 2025+1.4%+5.7%+3.6%
Q1 2025+6.0%+7.3%+10.2%
Q4 2024-5.0%-6.6%-8.8%
Q3 2024+0.7%+4.6%+9.9%
Q2 2024+0.4%-6.5%+1.0%
Q1 2024-0.6%-0.2%-0.4%
Q4 2023+0.2%-0.9%-3.3%
Q3 2023+2.1%+2.6%+8.9%
Q2 2023-5.3%-4.7%-8.2%
Q1 2023+1.9%+3.7%+8.3%
Q4 2022+3.9%+4.6%-9.5%
Q3 2022-0.0%-4.7%+3.0%
Q2 2022-1.6%-2.7%-7.1%
Q1 2022-0.2%-1.5%+1.6%
Q4 2021+3.4%-1.2%+4.1%
Q3 2021+4.5%+11.3%-13.0%
Q2 2021-2.0%+3.6%+9.1%
Q1 2021-3.3%+0.4%-1.8%
Q4 2020+7.1%+6.3%+4.4%
Q3 2020+1.8%+2.2%+61.0%
Q2 2020+7.5%+16.2%+27.7%
Q1 2020+7.8%-8.1%+45.9%
Q4 2019-11.8%-17.1%-58.2%
Q3 2019+4.3%+4.2%+2.9%
Q2 2019+4.5%+9.7%+12.8%
Q1 2019+2.4%+3.8%-3.9%
Q4 2018-3.8%-1.9%-0.5%
Q3 2018-0.0%-0.6%-1.1%
Q2 2018-0.7%+0.3%+4.5%
Q1 2018+0.2%+1.5%+7.0%
Q4 2017+3.7%+0.3%+6.9%
Q3 2017+0.5%-0.2%+3.7%
Q2 2017-5.3%-5.9%-5.1%
Q1 2017-0.9%+0.4%+1.5%
Q4 2016-2.9%-5.3%-8.3%
Q3 2016+3.0%+1.9%+17.1%
Q2 2016-1.8%-2.2%-6.1%
Q1 2016+0.1%
Q4 2015-1.9%
Q3 2015+3.0%
Q2 2015-8.4%
Q1 2015-1.0%
Q4 2014+5.7%
Q3 2014-0.4%
Q2 2014-2.0%
Q1 2014+1.7%
Q4 2013+0.0%
Q4 2010+0.0%
Q3 2013+7.7%
Q2 2013-4.1%
Q1 2013+0.2%
Q4 2012+2.9%
Q3 2012-2.4%
Q2 2012+4.9%
Q1 2012-0.4%
Q4 2011+2.4%
Q3 2010+4.0%
Q3 2011+4.0%
Q2 2011-12.4%
Q1 2010-1.2%
Q1 2011-1.2%
Q2 2010-1.2%

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