Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Merger or Acquisition (December 2013)
21 slides from Amadeus It Group Sa Class A's merger presentation, Dec 18, 2013
Slide 1: Acquisition of Newmarket International
© 2013 Amadeus IT Group SA Acquisition of Newmarket International December 18, 2013
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 of
Slide 3: Transaction overview
Transaction overview Newmarket International: a leading provider of cloud-based IT solutions for the hotel industry Strong transaction rationale and clear strategic fit The acquisition accelerates our go-to-market strategy and growth plan Strong presence in a highly attractive market segment for top
Slide 4: The Amadeus Hotel Strategy
The Amadeus Hotel Strategy Why hotel? The Opportunity How? Our approach to market Hotels are embedded within Amadeus’ travel Establish credibility to attract customers services marketplace Actively target hotel chain marketplace Success in airline IT can be replicated with hotels: conditions to prom
Slide 5: Strong transaction rationale and strategic fit
Strong transaction rationale and strategic fit Acquisition provides a solid platform for growth for the Amadeus hotel business 1 Expertise and deep understanding in the hotel industry with a proven track record of success and value creation Immediate credibility and expertise 2 Established relations
Slide 6: Company highlights
Company highlights © 2013 Amadeus IT Group SA
Slide 7: Newmarket highlights
highlights 1 Proven, visionary management team 2 World-class, global customer base 3 Cloud-based solutions based on next generation technology platform with excellent strategic fit 4 © 2013 Amadeus IT Group SA Compelling business model and financial profile Newmarket: a leading provider of cloud-bas
Slide 8: Experienced, visionary management team
1 Experienced, visionary management team Management team Sean O’Neill Jeff Hiscox Chairman President and CEO Strong hospitality and travel industry Held various senior and executive expertise having held senior positions across leadership roles at NMI and appointed ITT Sheraton, Hilton Hotels Corpor
Slide 9: Newmarket has a large global customer base
2 Newmarket has a large global customer base, comprising the top and mid-sized hotel chains worldwide Hotel customers Hospitality customers Group and event related booking represents ~$100bn of revenues for Also serving other hospitality Hotels worldwide¹ (~40% of revenues for a full-service hotel)
Slide 10: Combined Amadeus/Newmarket Portfolio Synergy
3 Combined Amadeus/Newmarket Portfolio Synergy Amadeus Enterprise Hotel Platform Property Solutions Central Solutions Distribution Solutions Property Management Systems1 Central Reservation Systems1 Hotel Content Management2 Distribution Channel Revenue Management Systems2 Web Services – eCommerce2
Slide 11: Business model: Financial highlights
4 Business model: Financial highlights Compelling business model Revenue evolution 2009–13F ($mm) Successful business model based on SaaS delivery Highly scalable proprietary software platform 70%+ recurring revenues combined with 90%+ renewal 110.1 rates 97.5 Strong revenue and EBITDA growth 77.2 6
Slide 12: Valuation and financing details
© 2013 Amadeus IT Group SA Valuation and financing details
Slide 13: Combined P&L for Amadeus
Combined P&L for Amadeus Pre transaction – Post transaction – 2013F consensus estimates 2013F combined highlights Revenues: €3,083mm Revenues: €3,164mm EBITDA : €1,186mm EBITDA : €1,211mm % margin: 38.5% % margin: 38.3% Adjusted EPS¹: €1.39 Adjusted EPS¹: €1.40 © 2013 Amadeus IT Group SA Note: Amade
Slide 14: Valuation and financing details
Valuation and financing details Valuation Enterprise value of $500mm Compelling valuation multiples, below trading levels for vertically focused software and SaaS companies A strong cash flow with high conversion rate leads to an attractive FCF1 multiple (15.6x EV / FCF1 2013E) Valuation supported b
Slide 15: Appendix
Appendix © 2013 Amadeus IT Group SA
Slide 16: Newmarket's best of breed solutions address critical industry needs
Newmarkets’ best of breed solutions address critical industry needs Sales & catering Room diagramming Lead distribution Preventative maintenance Loyalty programme Room attendant automation Multi-channel marketing © 2013 Amadeus IT Group SA Market Inteligence Guest and social Hotel workflow relations
Slide 17: Delphi: the industry standard solution for sales and catering
Delphi: the industry standard solution for sales and catering Delphi empowers hospitality companies to increase revenue and bookings, lower costs and deliver flawless events Maintains contact with customers and prospects Tracks critical property metrics Maximizes use of space Manages client requests
Slide 18: Hospitality Relationship Management (HRM)
Hospitality Relationship Management (HRM) HRM provides a complete 360°view of each customer Designed as a single or multi-property solution , account and contact data is collected and synchronised with various hospitality management systems, such as PMS, CRS, POS, SPA, etc. Provides an integrated so
Slide 19: MeetingBroker
MeetingBroker MeetingBroker is the leading SaaS group lead distribution and management platform serving the hospitality industry Enables venues of any size and complexity to capture and win new business from multiple channels, including above property sales, affiliated properties, and public online
Slide 20: MeetingMatrix
MeetingMatrix MeetingMatrix is the most advanced room diagramming solution available for both venues and planners Improves communications Eliminates guesswork Guarantees professional event execution 170 million ft² of meeting space mapped MeetingMatrix venue edition MeetingMatrix planner edition Qui
Slide 21: HotSOS, REX, QIC, PMWorks
HotSOS, REX, QIC , PMWorks With effective service optimisation , hospitality organisations can work smarter, provide better service, and produce excellent results From helping housekeeping run more effectively to improving workflows and increasing accountability, solutions such as HotSOS, REX, QIC a
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