Slide 1: Q4 and FY 2024 Earnings Report
Q4 and FY 2024 Earnings Report 20 February 2025 ©2025 Sabre GLBL Inc. All rights reserved. 1
Slide 2: Forward-looking statements
Forward-looking statements Forward-looking Statements Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking state
Slide 3: Today's presenters
Today’s presenters Kurt Ekert Mike Randolfi President & CEO EVP & CFO ©2024 Sabre GLBL Inc. All rights reserved. 3
Slide 4: Agenda
Agenda 01 FY 2024 highlights and review 02 Progress against our strategy 03 Review of Q4 and FY 2024 financial results 04 2025 guidance ©2025 Sabre GLBL Inc. All rights reserved. ©2024 44
Slide 5: FY 2024 highlights and review
FY 2024 highlights and review ©2024 Sabre GLBL Inc. All rights reserved. 5
Slide 6: Strong financial performance in 2024
Strong financial performance in 2024 Revenue Adjusted EBITDA Adjusted EBITDA margin +$122M +$180M +4% +53% +5.5 pts $2,908M $3,030M $517M 17.1% $337M 11.6% FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. See slide 2 and the appendix f
Slide 7: Travel Solutions 2024 financial highlights
Travel Solutions 2024 financial highlights Travel Solutions Distribution TOTAL REVENUE TOTAL DISTRIBUTION AVERAGE BOOKING FEE $2.7B BOOKINGS $5.98 Growth of 4% YoY 363M Growth of 3% YoY Growth of 2% YoY ADJUSTED EBITDA AIR DISTRIBUTION HOTEL DISTRIBUTION BOOKINGS BOOKINGS +26% Growth YoY +2% +10% Gr
Slide 8: Hospitality Solutions 2024 financial highlights
Hospitality Solutions 2024 financial highlights CENTRAL RESERVATION TOTAL REVENUE SYSTEM TRANSACTIONS $327M 128M Growth of 7% YoY Growth of 5% YoY ADJUSTED EBITDA RECURRING REVENUE* $38M 80% ~$25M improvement YoY As a % of total revenue Hyatt implementation progressing * Twelve months ended December
Slide 9: Accomplished our technology transformation objectives
Accomplished our technology transformation objectives Our multi-year transformation enables rapid innovation to 19 Data centers decommissioned address industry needs for intelligent retailing and travel content consolidation 99%+ Compute capacity in the cloud The cloud is now the center of Sabre’s 4
Slide 10: Progress against our strategy
Progress against our strategy ©2024 Sabre GLBL Inc. All rights reserved. 10
Slide 11: Our strategic focus remains unchanged
Our strategic focus remains unchanged Generate Free Cash Flow and Delever the Balance Sheet Drive Growth through Innovation MODERN OPEN INTELLIGENT TECHNOLOGY MARKETPLACE RETAILING AND COMMERCE ©2025 Sabre GLBL Inc. All rights reserved. 11 11
Slide 12: Building solutions based on modern technology
Building solutions based on modern technology MODERN TECHNOLOGY Delivering advanced product capabilities that drive growth by addressing customer and market demands now, and in the future Cloud Native Secure & AI-Powered Open & Reliable Interoperable Our products are built to be Our cloud-hosted pro
Slide 13: Leading in an open marketplace
Leading in an open marketplace OPEN MARKETPLACE Developing an all-in-one travel commerce platform with the widest breadth of normalized travel content in the industry Multi-Source Distribution Hotel B2B Digital Platform Expansion Distribution Payments Deliver the most robust air Expand customer-base
Slide 14: Delivering intelligent retailing solutions
Delivering intelligent retailing solutions INTELLIGENT RETAILING AND COMMERCE Focus on delivering airline and hotel technology platforms enabling next-generation retailing and servicing capabilities Intelligent Hospitality Solutions / Optimize conversions Infused with Sabre Travel AI SynXis Retail S
Slide 15: Open marketplace and retailing solutions driving sustainable growth
Open marketplace and retailing solutions driving sustainable growth Air Distribution Hospitality Solutions EXPECT EXPECT DOUBLE-DIGIT DOUBLE-DIGIT AIR DISTRIBUTION BOOKINGS GROWTH IN 2025 CRS TRANSACTION GROWTH IN 2025 Unnamed Top 5 North American Agency The information presented here represents for
Slide 16: Review of Q4 and FY 2024 financial results
Review of Q4 and FY 2024 financial results ©2024 Sabre GLBL Inc. All rights reserved. 16
Slide 17: 2024 financial highlights
2024 financial highlights Revenue Adjusted EBITDA Adjusted EBITDA Margin $3.030B $517M 17% $122M YoY 53% YoY 5.5 pts YoY Hospitality Solutions Achieved Free Cash Flow Cash on Balance Sheet Objective Adjusted EBITDA $38M $746M (positive excluding impacts of $25M YoY End of Q4 November 2024 refinancin
Slide 18: Solid YoY financial improvement in 2024
Solid YoY financial improvement in 2024 Q4’23 Q4’24 Variance FY’23 FY’24 Variance Total Revenue $687M $715M 4% $2.9B $3.0B 4% Travel Solutions $622M $645M 4% $2.6B $2.7B 4% Distribution $476M $500M 5% $2.1B $2.2B 6% IT Solutions $146M $145M (1%) $585M $571M (2%) Hospitality Solutions $75M $81M 8% $3
Slide 19: 2025 guidance
2025 guidance ©2024 Sabre GLBL Inc. All rights reserved. 19
Slide 20: Competitive wins and platform expansion to accelerate growth
Competitive wins and platform expansion to accelerate growth OPEN MARKETPLACE FY 2025 AIR DISTRIBUTION QUARTERLY RAMP OF AIR BOOKINGS GROWTH DISTRIBUTION BOOKINGS GROWTH • Expect double-digit growth in 2025 driven primarily by EXPECT signed new business, DOUBLE-DIGIT including large North GROWTH FY’
Slide 21: Expect growth to accelerate in Hospitality Solutions
Expect growth to accelerate in Hospitality Solutions INTELLIGENT RETAILING AND COMMERCE FY 2025 CRS TRANSACTION QUARTERLY RAMP OF CRS GROWTH TRANSACTION GROWTH EXPECT DOUBLE-DIGIT • Expect double-digit GROWTH FY’25 growth in 2025 driven primarily by signed new Mid to high business DOUBLE-DIGIT singl
Slide 22: Q1 and FY 2025 guidance
Q1 and FY 2025 guidance Q1’25 FY’25 Flat to low-single digit High-single digit Revenue Financial YoY growth YoY growth Outlook Adj. EBITDA >$150M >$700M CapEx ~$85M Cash Cash Interest ~$375M Reflects typical Free Cash Flow >$200M seasonality Adjusted EBITDA and Free Cash Flow are non-GAAP measures.
Slide 23: Build to 2025 Adjusted EBITDA guidance
Build to 2025 Adjusted EBITDA guidance >$700M ~$85M ~$100M $517M 2024 AEBITDA Cost Efficiency Growth Strategies 2025 AEBITDA x The information presented here represents forward-looking statements and reflects expectations as of February 20, 2025. Sabre assumes no obligation to update these statement
Slide 24: Focused on improving balance sheet and deleveraging
Focused on improving balance sheet and deleveraging Debt Maturity Profile $ in millions $1,600 ✓ Extended $1.6B of No large debt maturities debt to Q4 2029 until June 2027 $872 $797 $727 ✓ Plan to repay 2025 $657 maturities with cash on hand $194 $150 $202 $23 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 25: Our strategic focus remains unchanged
Our strategic focus remains unchanged Generate Free Cash Flow and Delever the Balance Sheet Drive Growth through Innovation MODERN OPEN INTELLIGENT TECHNOLOGY MARKETPLACE RETAILING AND COMMERCE ©2025 Sabre GLBL Inc. All rights reserved. 25
Slide 26: Thank you
Thank you ©2024 Sabre GLBL Inc. All rights reserved. 26
Slide 27: Appendix
APPENDIX
Slide 28: Business outlook and financial guidance
Business outlook and financial guidance • First quarter Adjusted EBITDA guidance consists of expected net loss attributable to common stockholders of at least $28 million; less impact of acquisition-related amortization of approximately $9 million; expected stock-based compensation expense of approx
Slide 29: Non-GAAP financial measures
Non-GAAP financial measures We have included both financial measures compiled in accordance with GAAP and certain non-GAAP financial measures, including Adjusted Net Loss from continuing operations ("Adjusted Net Loss"), Adjusted EBITDA, Adjusted EPS, Free Cash Flow and ratios based on these financi
Slide 30: Non-GAAP financial measures
Non-GAAP financial measures Adjusted Net Loss, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EPS, Free Cash Flow and ratios based on these financial measures are not recognized terms under GAAP. These non-GAAP financial measures and ratios based on them are unaudited and have important limitatio
Slide 31: Tabular reconciliations for Non-GAAP measures
Tabular reconciliations for Non-GAAP measures Reconciliation of net loss attributable to common stockholders to Adjusted Net Loss from continuing operations and loss from continuing operations to Adjusted EBITDA: (in thousands, except per share amounts; unaudited) ©2025 Sabre GLBL Inc. All rights re
Slide 32: Tabular reconciliations for Non-GAAP measures
Tabular reconciliations for Non-GAAP measures ©2025 Sabre GLBL Inc. All rights reserved. 32
Slide 33: Tabular reconciliations for Non-GAAP measures
Tabular reconciliations for Non-GAAP measures Reconciliation of Adjusted EBITDA to Loss from continuing operations in our statement of operations by business segment: (in thousands; unaudited) ©2025 Sabre GLBL Inc. All rights reserved. 33
Slide 34: Tabular reconciliations for Non-GAAP measures
Tabular reconciliations for Non-GAAP measures Reconciliation of Adjusted EBITDA to Loss from continuing operations in our statement of operations by business segment: (in thousands; unaudited) ©2025 Sabre GLBL Inc. All rights reserved. 34
Slide 35: Tabular reconciliations for Non-GAAP measures
Tabular reconciliations for Non-GAAP measures Reconciliation of Adjusted EBITDA to Loss from continuing operations in our statement of operations by business segment: (in thousands; unaudited) ©2025 Sabre GLBL Inc. All rights reserved. 35
Slide 36: Tabular reconciliations for Non-GAAP measures
Tabular reconciliations for Non-GAAP measures Reconciliation of Adjusted EBITDA to Loss from continuing operations in our statement of operations by business segment: (in thousands; unaudited) ©2025 Sabre GLBL Inc. All rights reserved. 36
Slide 37: Non-GAAP footnotes
Non-GAAP footnotes (1) Net (loss) income attributable to noncontrolling interests represents an adjustment to include earnings allocated to noncontrolling interests held in (i) Sabre Travel Network Middle East of 40%, (ii) Sabre Seyahat Dagitim Sistemleri A.S. of 40%, (iii) Sabre Travel Network Lank