Wyndham Hotels & Resorts, Inc. (NYSE:WH) Q4 2022 Earnings Conference Call February 16, 2023 8:00 AM ET

Company Participants

Matt Capuzzi - SVP, IR

Geoffrey Ballotti - President, CEO & Director

Michele Allen - CFO

Conference Call Participants

Joseph Greff - JPMorgan Chase & Co.

Stephen Grambling - Morgan Stanley

Dany Asad - Bank of America Merrill Lynch

Ian Zaffino - Oppenheimer

Charles Scholes - Truist Securities

Dan Wasiolek - Morningstar Inc.

Michael Bellisario - Robert W. Baird & Co.

David Katz - Jefferies

Brandt Montour - Barclays Bank

Operator

Good day, and welcome to the Wyndham Hotels & Resorts Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions]. I would now like to turn the call over to Matt Capuzzi, Senior Vice President of Investor Relations. Please go ahead.

Matt Capuzzi

Thank you, operator. Good morning, and thank you for joining us. With me today are Geoff Ballotti, our CEO; and Michele Allen, our CFO. Before we get started, I want to remind you that our remarks today will contain forward-looking statements. These statements are subject to risk factors that may cause our actual results to differ materially from those expressed or implied.

These risk factors are discussed in detail in our most recent annual report on Form 10-K filed with the Series and Exchange Commission and any subsequent reports filed with the SEC. We will also be referring to a number of non-GAAP measures. Corresponding GAAP measures and a reconciliation of non-GAAP measures to GAAP metrics are provided in our earnings release, which is available on our Investor Relations website at investor.wyndhamhotels.com.

We are providing certain measures discussing future impact on a non-GAAP SEC only because without unreasonable efforts, we are unable to provide the comparable GAAP metric. In addition, last evening, we posted an investor presentation containing supplemental information on our Investor Relations website. We may continue to provide supplemental information on our website in the future.

Accordingly, we encourage investors to monitor our website in addition to our press releases, filings submitted with the SEC and any public conference calls or webcast. With that, I will turn the call over to Geoff.

Geoffrey Ballotti

Thanks, Matt, and thanks, everyone, for joining us this morning. We're thrilled to report that our Q4 results finished stronger than our expectations with full year reported global RevPAR growth of over 16%; net room growth of 4%; and adjusted EBITDA of $650 million. We generated $360 million of free cash flow in 2022 and returned over $560 million to our shareholders, which represented 7% of our market cap.