Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Amadeus It Group Sa Ord — Q3 2024 Earnings Presentation
19 slides from Amadeus It Group Sa Class A's earnings presentation, Nov 7, 2024
Slide 1: January-September 2024 Results
November 7, 2024 2024 Results January-September 1 © Amadeus IT Group and its affiliates and subsidiaries
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
Operating Review © Amadeus IT Group and its affiliates and subsidiaries Luis Maroto, President & CEO Decius Valmorbida, President of Travel Unit Francisco Pérez-Lozao, President of Hospitality 3
Slide 4: January – September 2024 Highlights
January – September 2024 Highlights • Revenue €4,601 million, +13% – Double-digit growth across our segments • EBITDA €1,806 million, +13%1 Amadeus advances on – +0.3 p.p. EBITDA margin expansion strategic initiatives: • EBIT €1,315 million, +17%1 © Amadeus IT Group and its affiliates and subsidiari
Slide 5: Air Distribution
Air Distribution Jan - Sep 2024 Air Distribution revenue +10% Developments 2024 Amadeus bookings growth • Renewed / signed 45 distribution agreements YTD. • Progressing well on our NDC strategy: – More than 60 airline NDC agreements signed (most recently, Delta Air Lines and Virgin Australia). © Ama
Slide 6: Air IT Solutions
Air IT Solutions Jan - Sep 2024 Air IT Solutions revenue +16% Developments 2024 Amadeus PB growth Airline IT • Recently introduced Navitaire Stratos (previously, “vNext”) to airline market: a next- generation retailing portfolio, purpose-built to power growth and success for low-cost and hybrid carr
Slide 7: Hospitality & Other Solutions (HOS)
Hospitality & Other Solutions (HOS) Jan - Sep 2024 HOS revenue +13% Developments and Performance • Sep YTD 2024 HOS revenue: +13% vs. 2023. • Both Hospitality and Payments delivered double-digit growth vs. prior year, supported by new customer implementations and volume expansion. Hospitality © Amad
Slide 8: Financial Highlights
Luis Maroto President & CEO Financial Highlights 8 © Amadeus IT Group and its affiliates and subsidiaries
Slide 9: Revenue evolution by segment
Revenue evolution by segment • Group revenue: +12.6% at Sep YTD 2024 vs. 2023, driven by double-digit growth across segments. Group revenue (€millions) • Air Distribution revenue: +10.0% at Sep YTD 2024 vs. 2023, driven by our bookings’ evolution (+3.4%) and a 6.4% higher revenue per booking, result
Slide 10: EBITDA, EBIT and Adjusted profit
EBITDA, EBIT and Adjusted profit EBITDA1 and EBIT1 (€millions) Adj. Profit1,2 (€ millions) / Adj. EPS1,2 (€) 40.0% 3.00 39.0% 39.3% 2,500.0 35.0% 2,200.0 27.5% 28.6% 30.0% +20.8% 2.36 2.50 1.95 2,000.0 25.0% 2.29 2.00 +13.3% 1,700.0 1,500.0 1,806.3 20.0% 1.90 +20.5% 1,593.8 1.50 © Amadeus IT Group a
Slide 11: R&D investment and Capital expenditure
R&D investment and Capital expenditure R&D investment (€millions) Capital expenditure1 (€millions) 25.0% 1,200.0 20.2% 21.2% 1,200.0 16.0% 14.0% 11.3% 11.4% 20.0% +18.0% 1,000.0 1,000.0 12.0% 800.0 800.0 15.0% © Amadeus IT Group and its affiliates and subsidiaries 10.0% +14.4% 526.1 8.0% 459.9 600.0
Slide 12: Free cash flow generation and Leverage
Free cash flow generation and Leverage Free cash flow1 (€millions) Net debt (€millions) and leverage3 3,000.0 1.09x 3,000.0 1.2x 1.02x 2,500.0 2,500.0 1.0x 2,000.0 2,000.0 © Amadeus IT Group and its affiliates and subsidiaries 0.8x 1,500.0 +7.3%2 1,500.0 0.6x Ex. tax Ex. tax collection 900.4 collect
Slide 13: Annex
Annex 13 Annex © 2023 Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries
Slide 14: Revenue evolution by segment
Revenue evolution by segment Group revenue (€millions) • Group revenue: +11.0% in Q3 2024 vs. Q3 2023, resulting from revenue expansion across segments. • Air Distribution revenue: +8.6% in Q3 2024 vs. Q3 2023, driven by our bookings’ evolution (+4.4%) +11.0% and a 4.0% higher revenue per booking, r
Slide 15: EBITDA, EBIT and Adjusted profit
EBITDA, EBIT and Adjusted profit EBITDA1 and EBIT1 (€millions) Adj. Profit1,2 (€ millions) / Adj. EPS1,2 (€) 900.0 1.00 40.0% 800.0 39.3% 39.0% 800.0 +12.0% 0.90 0.79 35.0% 28.0% 28.7% 30.0% 700.0 0.71 0.80 0.77 +10.1% 0.70 0.69 +11.6% 600.0 25.0% 600.0 603.2 500.0 0.60 547.7 20.0% +13.6% © Amadeus
Slide 16: Free cash flow generation and Leverage
Free cash flow generation and Leverage Free cash flow1 (€millions) Net debt (€millions) and leverage3 800.0 1.15x 1.09x 3,000.0 1.2x 700.0 600.0 (2.9%) 2,500.0 1.0x Ex. tax (4.9%)2 collection 435.72 © Amadeus IT Group and its affiliates and subsidiaries 500.0 2,000.0 0.8x 400.0 1,500.0 0.6x 300.0 2,
Slide 17: Alternative Performance Measures
Alternative Performance Measures This document includes unaudited Alternative Performance Measures, such as EBITDA, net financial debt as defined by our credit facility agreements, adjusted profit, Free Cash Flow, R&D investment and their corresponding ratios. These Alternative Performance Measures
Slide 18: Key terms
Key terms • “ACUS”: stands for “Airport Cloud Use Service” • “AD”: refers to our operating segment Air Distribution • “AI”: stands for “Artificial Intelligence” • “AITS”: refers to our operating segment Air IT Solutions • “B2B”: stands for “Business-to-business” • “DDS”: stands for “Digital Display
Slide 19: Thank you
Amadeus. It’s how travel works better. Thank you 19 © Amadeus IT Group and its affiliates and subsidiaries
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