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PREMIER TRAVEL INN · BREWERS FAYRE · BEEFEATER · T.G.I. FRIDAY'S · COSTA · PIZZA HUT · DAVID LLOYD LEISURE


June 14 2005

Annual General Meeting


Sir John BanhamChairman

Agenda for today’s meeting The latest chapter

The next chapter

Questions

AGM business

The latest chapter

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

-100%

-50%

0%

50%

100%

150%

200%

250%

300%

TSR over last 5yrs

Whitbread

Total shareholder return

June 2000 - June 2005

50

70

90

110

130

150

170

190

210

230

Jun-00 Dec-00 Jun-01 Dec-01 Jun-02 Dec-02 Jun-03 Dec-03 Jun-04 Dec-04 Jun-05

TSR

Whitbread FTSE100

The next chapter

“More of the same, but better”

Continued top line organic growth

Like-for-like sales growth

Improvement in returns


Alan ParkerChief Executive

Trading statement

* Travel Inn only

1.5% 14.1%

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

One Whitbread - route map

Pub RestaurantsRe organisation

Exit Citypoint

Business Review

June2004

July Aug Sep Oct Nov Dec Feb Mar

100 Day Plan

MarriottAnnouncemen

t

Leadership Convention

Special Dividend

April May

PremierLodge

Acquisition

June2005

Courtyard Sale

100 Day PlanKey exec appointments

AGM

Chairmansuccession

Jan2005

AGM

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%

Return on capital employed 2004/5

11.4%

9.4%

0

2

4

6

8

10

12

As reported Pro Forma, excluding Marriott

%

The Whitbread family

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

WINcard - Whitbread in Numbers

The Whitbread Way

We believe in…

People and Teamwork

Caring for Guests

Passion for Winning

Continuous Improvement

One Whitbread synergiesPeople

Property

ProcessProcurement

Hotels

Health & Fitness

Restaurants

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

Summary Whitbread is the UK’s 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


Shareholder questions


11Resolution one

Total proxy votes received

133,148,198

For

Against

130,054,476368,013

Abstained 2,725,709


22Resolution two


133,136,197

For

Against

126,286,2821,186,760

Abstained 5,663,155


33Resolution three


133,161,069

For

Against

133,149,5195,761

Abstained 5,789


44Resolution four


133,108,333

For

Against

132,519,262518,937

Abstained 70,134


55Resolution five


133,104,686

For

Against

132,682,040355,315

Abstained 67,331


66Resolution six


133,100,197

For

Against

132,385,453657,784

Abstained 56,960


77Resolution seven


133,100,357

For

Against

132,796,144250,313

Abstained 53,900


88Resolution eight


133,098,724

For

Against

132,480,667554,827

Abstained 63,230


99Resolution nine


133,146,706

For

Against

132,441,767683,690

Abstained 21,249


1010Resolution ten


133,123,475

For

Against

131,202,4861,865,848

Abstained 55,141


1111Resolution eleven


133,079,717

For

Against

131,849,4771,106,920

Abstained 123,320


1212Resolution twelve


133,100,443

For

Against

132,773,073122,921

Abstained 204,449


1313Resolution thirteen


133,077,435

For

Against

131,251,385556,741

Abstained 1,269,309


June 14 2005

Annual General Meeting

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