Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Q1 2021 Earnings Presentation
15 slides from Amadeus It Group Sa Class A's earnings presentation, May 7, 2021
Slide 1: Amadeus Jan – Mar 2021 Results
Amadeus Jan – Mar 2021 Results May 7, 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
Luis Maroto President & CEO Operating Review 3 © 2021 Amadeus IT Group and its affiliates and subsidiaries
Slide 4: Q1 – Modest Amadeus volume improvement
Q1 – Modest Amadeus volume improvement Global Air Traffic Amadeus TA air booking growth vs. 2019 (%) 0% _ January and February 2021 saw small air traffic growth deteriorations (20%) relative to recent months (-72.0%1 in January, -74.7%1 in February vs. 2019). (40%) _ However, in March 2021 air traff
Slide 5: Q1 - Financial performance overview
Q1 - Financial performance overview Revenue (€m) EBITDA1 (€m) % Growth % Growth vs. PY (81.7%) (70.1%) (64.6%) (51.4%) vs. PY (126.4%) (99.6%) (93.4%) (84.6%) 2.1 31.6 53.7 474.3 496.7 418.6 (155.4) 259.5 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Adjusted profit2 (€m) Free cash
Slide 6: Q1 - Commercial and corporate update
Q1 - Commercial and corporate update Airline Distribution Hospitality _ Renewed / signed 21 distribution agreements. _ THE Park Hotels and Q Hotels contracted Amadeus’ iHotelier _ China’s Trip.com, parent company to leading online travel brands Central Reservations System. Trip.com, Ctrip, Skyscanne
Slide 7: Amadeus’ goals and priorities
Amadeus’ goals and priorities Solutions Distribution Airline IT Investment central Profitable consistency technology growth © 2021 Amadeus IT Group and its affiliates and subsidiaries Hospitality Airport IT Transversal: Payments Solutions Shift to cloud acceleration 7
Slide 8: Financial highlights – Till Streichert, CFO
CFO Till Streichert Financial highlights © 2021 Amadeus IT Group and its affiliates and subsidiaries 8 2020Amadeus ©©2018 Groupand AmadeusITITGroup affiliatesand itsaffiliates andits subsidiaries andsubsidiaries
Slide 9: Revenue evolution by segment
Revenue evolution by segment Group revenue (€ millions) _ Group revenue: -51.4% vs. 2020, or -64.7% vs. 2019. % Growth vs. PY (81.7%) (70.1%) (64.6%) (51.4%) _ Distribution revenue: -57.9%, resulting from the booking decline and a higher revenue per booking, driven by (i) cancellation provision effe
Slide 10: EBITDA and Adjusted EPS growth
EBITDA and Adjusted EPS growth EBITDA1 (€ millions) Adj. Profit2 (€ millions) & Adj. EPS2 (€) % Growth % Growth (170.0%) (138.7%) (132.0%) (158.6%) vs. PY (126.4%) (99.6%) (93.4%) (84.6%) vs. PY 2.1 31.6 53.7 (88.2) (83.1) (125.0) (231.0) (155.4) Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2020 Q3 2020 Q4 20
Slide 11: Capex and Free cash flow
Capex and Free cash flow Capex (€ millions) Free cash flow1 (€ millions) Change (57.5) (52.7) (76.5) (47.4) Free cash flow as reported vs. PY (33.7%) (30.3%) (39.8%) (31.3%) Exc. implementation costs paid2 121.4 (153.5) (181.9) 31.4 113.0 115.6 8.9 8.2 12.5 104.1 (11.9) 8.7 (462.1) (156.0) (213.5) 1
Slide 12: Q1 - Fixed cost reduction plan progress
Q1 - Fixed cost reduction plan progress €143.4 million1 reduction in Q1 2021 vs. Q1 2020 ➢ P&L: -€92.8 million1 / Capex: -€50.6 million1 ➢ For Q2 2021, similar to lower fixed costs1 compared to Q2 2020 ➢ In H2 2021, some fixed cost1 growth over H2 2020 ➢ Discretionary costs trend looking better than
Slide 13: Support materials
Support materials 13 © 2021 Amadeus IT Group and its affiliates and subsidiaries
Slide 14: Key Performance Indicators
Key Performance Indicators Jan-Mar 2021 Jan-Mar 2020 Change Amadeus TA bookings (m) 38.9 99.6 (61.0%) Passengers Boarded (m) 127.2 383.9 (66.9%) Revenue (€m) 496.7 1,021.7 (51.4%) EBITDA (€m)1 53.7 349.4 (84.6%) © 2021 Amadeus IT Group and its affiliates and subsidiaries Adjusted profit (loss)2 (€m)
Slide 15: Thank you!
Thank you! © 2021 Amadeus IT Group and its affiliates and subsidiaries amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup 15