1. European specialist holiday group

2. Holidaybreak plc TODAY’S PRESENTATION
Introduction: Group overview and industry trends
Strategy and track record
Division by division: Hotel Breaks; Adventure Travel; Camping
Outlook and summary

3. Holidaybreak plc THREE OPERATING DIVISIONS
Balanced portfolio of specialist holiday businesses
CAMPING Pre-sited mobile- home and canvas holidays in nine European countries
£159.4m*
(47%)
£113.7m*
(33%)
HOTEL BREAKS Leisure hotel stays for UK and Dutch customers
ADVENTURE
TRAVEL Group escorted tours
to 130 countries
worldwide
*Pro-forma 2005 sales (TTV)
£69.6m
(20%)
£69.6m
(20%)

4. Holidaybreak plc OVERVIEW
Portfolio of specialist businesses, all market leaders in their sectors
Increasingly European
Increasingly online
Well placed to grow
Emphasis on cash, margins and profitability

5. Pressure on vertically integrated operators and traditional airlines
CHANGING LANDSCAPE OF
TRAVEL SECTOR
The Consumer
- huge range of choice
- shorter more frequent holidays
- long haul travel
- later bookings
- more independent/tailor made/flexible
- holidays with purpose (activity/special interest)
Pressure on vertically integrated operators and traditional airlines
Internet
Low cost airlines
Specialist holiday providers prospering
TRAVEL

6. Holidaybreak plc GROUP STRATEGY
Specialist holiday businesses
Market leadership
Industry leading margins
Cash generation and attractive dividend payout
Flexible cost structures
Increasing emphasis on online

7. Holidaybreak plc 2005 RESULTS IN SUMMARY
Best ever performance in terms of headline PBT and free cashflow
Results in line with City expectations
Hotel Breaks and Adventure Travel Divisions now 2/3rds of Group sales
Newly acquired Dutch businesses perform well
Camping continues to deliver strong cash on reduced capacity

8. Holidaybreak plc OUR RECORD (1)
Turnover
Profit Before Tax* £m
*Before goodwill amortisation and impairment and exceptional operating costs

9. Holidaybreak plc OUR RECORD (2)
*Before goodwill amortisation and impairment and exceptional operating costs
Earnings per Share*
Pence
Dividend

10. Holidaybreak plc 2005 RESULTS (1)
Turnover + 7.6% to £303.0m (2004: £281.6m)
Profit before tax +14.3% to £32.0m (2004: £28.0m)
Dividend + 10% to 26.6p
Net debt increased by £10.4m
23% ROIC (2004: 24%)

11. Holidaybreak plc 2005 RESULTS (2)
*Before goodwill amortisation and impairment and exceptional operating costs
European specialist holiday group

12. Hotel Breaks Division OVERVIEW
2.45m customers (2004: 1.70m)
- including 0.65m from Bookit, the #1 Dutch player
London impacted by 7/7
Bookit developing differentiated content (bungalows and small hotels)
Business increasingly moving online (Bookit already at 85%, Superbreak at 25%)
Strongly cash generative – no capacity commitments

13. Hotel Breaks Division 2005 SALES – Revenue by Destination
Netherlands - 16%
Rest of UK - 48%
London - 25%
Overseas - 11%
European specialist holiday group

14. Adventure Travel Division OVERVIEW
60,000 customers (2004: 41,000)
- including 15,000 from Djoser, the #1 Dutch player
Business model remains flexible
- skill is in raising tour load factors
Broader portfolio reduces destination risk
Brand being extended – family, walking, cycle
- 80 tours added (+20%) for current year
Increasingly online
- Explore 25%
- Djoser 65%

15. Adventure Travel Division 2005/6 SALES
Tour Destinations (2006)
Explore UK %
Djoser 37%
Explore Overseas Agents 4%
RegalDive 7%

16. Camping Division OVERVIEW
523,000 customers (2004: 570,000)
European business – one third of sales non-UK
Strong repeat business
- high call conversions
- customer satisfaction high
Developing online capability
Capital expenditure tightly controlled
Highly cash generative
For 2006, right-size the business
- taking out further 16% capacity to reflect weaker low season demand and shifts in consumer preferences

17. Germany, Switzerland & Austria 11%
Camping Division 2005 SALES
Revenues by market
Germany, Switzerland & Austria %
Other 3%
Netherlands 19%
UK & Ireland 67%
European specialist holiday group

18. Holidaybreak plc DIVISIONAL STRATEGY
HOTEL BREAKS
- Increase distribution reach – UK and overseas
- Extend business into European markets – organic growth and acquisition
- Expand range of products - evolving consumer aspirations
- Develop mutually beneficial relationships with hotels
ADVENTURE TRAVEL
- Consolidate market leadership position in European ‘soft adventure’ sector
- Develop new products to drive growth of division
- Expand online business to 50% in three years
- Identify and capitalise on synergies with Djoser
- Manage load factors to drive profitability
CAMPING
- Improve occupancy rates, optimise yields and increase margins
- Retain tight control of costs in line with capacity
- Develop E-commerce initiatives and affiliate relationships to target new customer groups – UK and overseas
- Increase consumer reach of existing brand portfolio and increase differentiation
of brands
- Develop mobile-home holiday distribution business – campsite owned accommodation
European specialist holiday group

19. Holidaybreak plc CORPORATE CALENDAR
Interim Results – 17 May 2006
Interim ex-dividend – July 2006
Trading update – September 2006