Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Q3 2021 Earnings Presentation
14 slides from Amadeus It Group Sa Class A's earnings presentation, Nov 5, 2021
Slide 1: Amadeus Jan – Sep 2021 Results
Amadeus Jan – Sep 2021 Results November 5, 2021
Slide 2: Disclaimer
Disclaimer _ This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue and earnings growth. Any forward-looking statements in this presentation are based upon information available to Amadeus on the date
Slide 3: Operating Review
Luis Maroto President & CEO Operating Review 3 © 2021 Amadeus IT Group and its affiliates and subsidiaries
Slide 4: Q3/Sep YTD - Financial performance overview
Q3/Sep YTD - Financial performance overview Revenue (€m) EBITDA1 (€m) % Growth % Growth vs. 2019 (64.7%) (56.0%) (47.3%) vs. 2019 (91.0%) (75.3%) (63.5%) Sep YTD Sep YTD 739.1 (56.0%) 206.7 (76.8%) 624.4 496.7 145.3 53.7 Q1 2021 Q2 2021 Q3 2021 Q1 2021 Q2 2021 Q3 2021 Adjusted profit2 (€m) Free cash
Slide 5: Q3/Sep YTD – Improving volume performance
Q3/Sep YTD – Improving volume performance Continued progress of our most important KPIs 2021 Amadeus TA air booking growth vs. 2019 (%) Amadeus TA air bookings Sep YTD _ Q3 2021: -58.5% vs. 2019, compared to -67.6% in Q2. (69.0%) • Quarter-on-quarter improvements across regions. • NORAM: best perfor
Slide 6: Quarterly business update
Quarterly business update Airline Distribution Hospitality _ Renewed / signed 14 distribution agreements (51 year-to-date). _ CTrip Corporate Travel from Trip.com Group renewed partnership for _ Continued progress with NDC strategy: extensive hospitality content. • New airline signatures: Etihad Air
Slide 7: Financial highlights
CFO Till Streichert Financial highlights © 2021 Amadeus IT Group and its affiliates and subsidiaries 7 2020Amadeus ©©2018 Groupand AmadeusITITGroup affiliatesand itsaffiliates andits subsidiaries andsubsidiaries
Slide 8: Revenue evolution by segment
Revenue evolution by segment Group revenue (€ millions) _ Group revenue: -47.3% in Q3 vs. 2019, progressing from prior Q’s evolution, driven by improved volume performance. % Growth vs. 2019 (64.7%) (56.0%) (47.3%) _ Air Distribution revenue: -57.7% in Q3, resulting from the air bookings evolution.
Slide 9: EBITDA and Adjusted profit growth
EBITDA and Adjusted profit growth EBITDA1 (€ millions) Adj. Profit2 (€ millions) & Adj. EPS2 (€) % Growth % Growth vs. 2019 (91.0%) (75.3%) (63.5%) vs. 2019 (124.9%) (107.2%) (92.6%) 23.8 (23.6) Sep YTD Sep YTD (108.4%) 206.7 (76.8%) (83.1) 145.3 53.7 Q1 2021 Q2 2021 Q3 2021 Q1 2021 Q2 2021 Q3 2021
Slide 10: Capex and Free cash flow
Capex and Free cash flow Capex (€ millions) Free cash flow1 (€ millions) Sep YTD Change (47.4) (2.9) (22.6) (72.9) vs. PY (31.3%) (2.6%) (18.6%) (18.9%) Free cash flow, as reported Exc. implementation costs paid2 110.1 103.5 104.1 98.8 7.3 56.5 8.7 4.7 31.4 83.6 (78.5) 95.4 102.8 94.1 (11.9) (38.3)
Slide 11: Sep YTD - Fixed cost optimization update
Sep YTD - Fixed cost optimization update €185.6 million1 reduction at Sep YTD 2021 vs. Sep YTD 2020 ➢ P&L: -€102.2 million1 / Capex: -€83.3 million1. ➢ Fixed cost growth planned for Q4 2021 (vs. Q4 2020) due to discretionary spend gradually coming back: estimated €30 million - €60 million increase,
Slide 12: Support materials
Support materials 12 © 2021 Amadeus IT Group and its affiliates and subsidiaries
Slide 13: Key Performance Indicators
Key Performance Indicators Change vs. Change vs. Change vs. Change vs. Jul-Sep 2021 Jan-Sep 2021 Q3’20 Q3’19 Q3 YTD’20 Q3 YTD’19 Amadeus TA air bookings (m) 57.9 306.5% (58.5%) 138.7 73.1% (69.0%) Passengers Boarded (m) 270.8 96.3% (50.7%) 563.0 1.8% (62.4%) Revenue (€m) 739.1 76.6% (47.3%) 1,860.2
Slide 14: Thank you!
Thank you! © 2021 Amadeus IT Group and its affiliates and subsidiaries amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup 14