SOL MELIA ANNUAL REPORT 00 COMP

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COMPANY PROFILE FINANCIAL PROFILE • Company foundation: 1956 • Date of IPO: 2nd. July, 1996 • IPO share price (before split): 900 pesetas (5.41 euros) • Ticker Symbol: Sol • Markets: Continuous Market (Spain) • Forms part of IBEX 35 and EuroSTOXX • Shares issued: 184,776,777 • Share price at 31/12/00: 11.01 Euros • Rating BBB Stable from Standard & Poor’s • Increase in value from IPO to 31/12/00: 103.5% BASIC RATIOS PER 17.4 EV / EBITDA 11.25 NET DEBT / SHAREHOLDER EQUITY 77.6% FIXED CHARGE COVERAGE 5.1 X MARKET CAPITALISATION € 2,034,392.32 IBEX WEIGHTING 0.6 SOL MELIA’S SHARES 15 14 13 12 11 10 9 8 7 4000000 3500000 3000000 2500000 2000000 1500000 1000000 500000 6 0 30/12/99 15/2/00 29/3/00 16/5/00 28/6/00 10/8/00 22/9/00 8/11/00 27/12/00 Stock Market Quotation € SOL MELIÁ Stock Market Quotation € IBEX Volume of shares 1999 Price % Increase IBEX-35 Max. Min Average Daily Volume Dividend EPS CFPS (31/12/99) Shares Euros (M) € € € 11.25 +13.41% +18.35% 13.53 8.42 388,000 4.6 0.120 0.55 0.92 2000 Price % Increase IBEX-35 Max. Min Average Daily Volume Dividend EPS CFPS (31/12/00) Shares Euros (M) € € € 11.01 -2.13% -21.75% 14.28 8.8 416,000 4.9 0.144 0.63 1.14 (+20%) (+24%) S OL M ELIÁ A NNUAL R EPORT 2000 6
COMPANY PROFILE ANALYSIS OF ACTIVITIES Data in thousand pesetas 31-DEC-99 INCREASE 31-DEC-00 HOTEL REVENUES 94,845 (€570 Mill.) 36.8% 129,735 (€780 Mill.) European Resort 42,859 (€258 Mill.) 14.5% 49,087 (€295 Mill.) European City 30,382 (€183 Mill.) 61.6% 49,102 (€295 Mill.) Americas Division 21,604 (€130 Mill.) 46.0% 31,546 (€190 Mill.) MANAGEMENT FEES 5,734 (€34 Mill.) 17.4% 6,729 (€40 Mill.) CASINOS 2,056 (€12 Mill.) 0.4% 2,064 (€12 Mill.) TIMESHARE 1,931 (€12 Mill.) 25.6% 2,426 (€15 Mill.) OTHERS 5,018 (€30 Mill.) 48.4% 7,446 (€45 Mill.) TOTAL REVENUES 109,584 (€659 Mill.) 35.4% 148,399 (€892 Mill.) ECONOMIC PROGRESS Data in thousand euros 1996 1997 1998 1999 2000 C.A.G.R. REVENUE 51 80 95 659 892 105% - 57% 19% 596% 35% EBITDA 27 43 52 199 261 76% - 59% 21% 283% 31% NET PROFIT 21 34 42 88 113 52% - 62% 24% 110% 28% 1000 800 600 400 200 0 C.A.G.R. 105% 892 659 51 80 95 1996 1997 1998 1999 2000 300 250 200 150 100 50 0 C.A.G.R. 76% 261 199 43 50 27 1996 1997 1998 1999 2000 120 100 80 60 40 50 0 34 21 C.A.G.R. 52% 42 113 88 1996 1997 1998 1999 2000 Revenues EBITDA Net Profit S OL M ELIÁ A NNUAL R EPORT 2000 7
Page 1 and 2: ANNUAL REPORT 2000 www.solmelia.com
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Page 6 and 7: COMPANY PROFILE CURRENT SOL MELIÁ
Page 11 and 12: LETTER FROM THE CHAIRMAN dDear shar
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Page 16 and 17: COMPANY HISTORY Meliá De Mar Meli
Page 18 and 19: COMPANY HISTORY Just six months lat
Page 21: ORGANISATIONAL STRUCTURE CHAIRMAN G
Page 25 and 26: MILESTONES 2000· FINANCIAL RESULTS
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GOOD GOVERNANCE CODE The Board of D
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GOOD GOVERNANCE CODE that the relat
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GOOD GOVERNANCE CODE 11 Selection a
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GOOD GOVERNANCE CODE fees or other
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GOOD GOVERNANCE CODE Amongst the nu
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GOOD GOVERNANCE CODE This recommend
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OFFICIAL COMMUNIQUÉS 25th. July Wi
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CONSOLIDATED LIABILITIES In thousan
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CONSOLIDATED PROFIT AND LOSS ACCOUN
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2 Consolidation Scope 2.1 Subsidiar
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CONSOLIDATION SCOPE COMPANY ADDRESS
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CONSOLIDATION SCOPE 2.3 Companies e
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CONSOLIDATION SCOPE ADDITIONS INCRE
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4 Appropriation of Results The Boar
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ACCOUNTING PRINCIPLES Credits and d
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ACCOUNTING PRINCIPLES 5.9 Investmen
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ACCOUNTING PRINCIPLES 5.20 Corporat
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6 Goodwill on Consolidation Goodwil
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GOODWILL ON CONSOLIDATION 6.2 Compa
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8 Participations by the Equity Meth
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10 Intangible Fixed Assets The brea
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11 Tangible Fixed Assets The moveme
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TANGIBLE FIXED ASSETS The net capit
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INVESTMENTS 12.2 Long-term securiti
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INVESTMENTS Disposals for the year
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INVESTMENTS 12.3 Other long-term re
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13 Deferred Expenses (Thousands of
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15 Debtors The breakdown of the sho
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18 Equity The breakdown and movemen
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EQUITY The breakdown of the balance
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EQUITY (Thousands of pesetas) BALAN
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EQUITY The balances of the above ta
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19 Minority Interest Some consolida
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21 Provisions for Liabilities and C
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NON-TRADE DEBTS On December 7, 2000
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NON-TRADE DEBTS (Thousands of peset
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NON-TRADE DEBTS As indicated in Not
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23 Fiscal Situation 23.1 Taxable in
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FISCAL SITUATION As a result of the
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FISCAL SITUATION 2000 Consolidated
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GUARANTEES, COMMITMENTS AND CONTING
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INCOME AND EXPENSES 25.3 Consolidat
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INCOME AND EXPENSES (Thousands of p
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26 Retribution and other Benefits t
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This report analyses trends in the
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BUSINESS TRENDS Statistics for the
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3 Post-balance Sheet Events. On Feb
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5 Research and Development Sol Meli
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SOL MELIA ANNUAL REPORT 00 COMP

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