Amadeus It Group Sa Class A · BME:AMS

Amadeus It Group Sa Class A — FY2015 Earnings Presentation

22 slides from Amadeus It Group Sa Class A's earnings presentation, Feb 26, 2016

  1. Slide 1: 2015 Results

    2015 Results February 26, 2016 © 2016 Amadeus IT Group SA

  2. 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

  3. Slide 3: The year 2015 in review

    The year 2015 in review President & CEO, Mr. Luis Maroto © 2016 Amadeus IT Group SA

  4. Slide 4: Robust results throughout 2015

    Robust results throughout 2015 _ Revenue +14.5% • Solid business performance Revenue EBITDA • Positive FX and 2014-15 acquisition Adj. Profit impacts Free CF _ EBITDA(1) +12.6% €3,913 In millions _ Adjusted profit(1) +10.9% • Adjusted EPS(1) + 12.7% €1,472(1) _ Free cash-flow +10.5% © 2016 Amadeus I

  5. Slide 5: Steadily advancing across our businesses

    Steadily advancing across our businesses Distribution IT Solutions Airline IT _ Secured and expanded comprehensive _ Completion of the Navitaire acquisition (26 Jan 16) content for our travel agency subscribers • US-based PSS provider focused on the LCC and (8 content agreements renewed / signed hyb

  6. Slide 6: Strong execution in Distribution

    Strong execution in Distribution Amadeus TA Bookings (in millions) Amadeus air TA Bookings by region 566.2 Volume growth (%) Weight (%) 525.8 +7.7% 61.2 Latam, WE, 59.4 WE +1.2% CESE, 6.5% 38.6% 9.0% +8.3% NA +35.6% 505.0 APAC +18.6% MEA, 466.5 12.3% MEA +0.3% CESE (-0.2%) 2014 2015 Latam 1.4% APAC,

  7. Slide 7: Solid growth in IT Solutions

    Solid growth in IT Solutions Passengers Boarded(1) (in millions) Altéa PB by region (%) Volume growth Weight +7.5% CESE, NA, WE +1.7% 5.0% 0.5% 747.3 APAC +20.8% LatAm, 10.4% 695.4 MEA +3.2% MEA, Latam +5.7% 13.9% 2014 2015 CESE 4.0% WE, 43.4% NA n.m. APAC, 26.9% Number of Altéa(2) clients in IT Sol

  8. Slide 8: Financial Highlights

    Financial Highlights © 2016 Amadeus IT Group SA CFO, Ms. Ana de Pro

  9. Slide 9: Double-digit revenue growth across businesses

    Double-digit revenue growth across businesses Segment Revenue (€ millions) Average booking fee (in € ) Distribution +4.5% +11.5% 2,737.8 2,455.1 359.2 341.6 4.20 2,113.5 2,378.6 4.02 2014 2015 2014 2015 Booking revenue Non booking revenue IT Solutions IT Transactional Revenue/PB (in €) 1,174.9 © 201

  10. Slide 10: Substantial contribution growth

    Substantial contribution growth Contribution Distribution (€ millions) Contribution IT Solutions (€ millions) 44.1% 43.0% 67.6% 64.8% +8.8% +16.9% 1,082.1 1,177.0 760.8 651.0 2014 2015 2014 2015 Net indirect costs(1) (€ millions) +10.6% 427.1 472.4 © 2016 Amadeus IT Group SA 2014 2015 _ Significant

  11. Slide 11: Double-digit EBITDA and Adj. Profit growth

    Double-digit EBITDA and Adj. Profit growth Breakdown of EBITDA(1) growth (€ millions) Adj. Profit(1)(€ millions) and Adj. EPS(1,2) (€) % of Revenue 37.5% (45.3) 109.8 +12.2% €1.72 1.80 800.0 38.2% 94.9 1.60 700.0 €1.53 +10.4% 1.40 1.20 600.0 1,465.4 1.00 500.0 1,306.0 751.8 0.80 +12.2% 681.1 400.0 0

  12. Slide 12: Continued investment in R&D and Capex

    Continued investment in R&D and Capex R&D investment(1) (€ millions) 650.0 Capex (€ millions) 30.0% 630.0 610.0 590.0 660.0 641.0 60.0% 570.0 550.1 550.0 25.0% 640.0 530.0 +17.8% 510.0 +28.7% 620.0 50.0% 490.0 106.3 600.0 470.0 427.5 450.0 20.0% 580.0 40.0% 430.0 560.0 544.1 410.0 443.8 540.0 390.0

  13. Slide 13: Free cash-flow generation and leverage

    Free cash-flow generation and leverage Free cash-flow(1) (€ millions) Net Debt (€ millions) and Leverage (x)(2) 1.32x 1.09x 1.32x 1.09x +10.5% 1,738.5 1,611.6 659.2 596.3 2014 2015 Dec 31, 2014 Dec 31, 2015 _ Strong free cash-flow generation slightly ahead of _ Net debt decrease as a result of free

  14. Slide 14: 2016 Outlook

    2016 Outlook President & CEO, Mr. Luis Maroto © 2016 Amadeus IT Group SA

  15. Slide 15: Leveraging on growing traffic and consolidating acquisitions

    Leveraging on growing traffic and consolidating acquisitions Excluding FX considerations, including Navitaire acquisition 2016 Outlook Revenue _ Low double-digit growth EBITDA _ Broadly stable margin / Low double digit growth _ Capex: 12-15% of revenues Free cash flow _ Free cash flow: €700-750m © 2

  16. Slide 16: Key themes in 2016 - Distribution

    Key themes in 2016 - Distribution Excluding FX considerations Revenue: mid-single digit _ Sustained underlying air traffic growth growth • IATA 6.9% air traffic growth projection(1) • 5.6% growth assumption to reflect Amadeus mix _ Continued improvement of our Contribution margin dilution competitiv

  17. Slide 17: Key themes in 2016 – IT Solutions

    Key themes in 2016 – IT Solutions Excluding FX considerations, including Navitaire acquisition _ Altéa high single-digit PB growth + Navitaire: • +c.22m PB full-year impact from 2015 migrations (All Nippon Airways - international passengers business and Thomas Cook) migrated in Q2 and Q4 2015, respe

  18. Slide 18: Thank you

    confidential RESTRICTED Thank you © 2016 Amadeus IT Group SA You can follow us on: AmadeusITGroup investors.amadeus.com

  19. Slide 19: Support materials

    Support materials © 2016 Amadeus IT Group SA

  20. Slide 20: Q4 Financial review - Volumes

    Q4 Financial review - Volumes TA Bookings (in million) Passengers Boarded (in million) +4.0% 130.2 +5.3% 125.2 14.8 14.9 +4.6% 175.8 185.0 115.4 110.3 Q4 2014 Q4 2015 Q4 2014 Q4 2015 Air Bookings Non-air bookings Air Bookings by region Altéa PB by region (%) Q4 2015 Volume Weight (%) Q4 2015 Volume

  21. Slide 21: Q4 Financial review - Revenue by segment

    Q4 Financial review - Revenue by segment Group Revenue (€ millions) Segment Revenue (€ millions) Group Distribution +13.8% +9.5% 947.9 650.2 832.7 593.6 Q4 2014 Q4 2015 Q4 2014 Q4 2015 _ Group revenue growth of 13.8%, resulting IT Solutions from a 9.5% increase in Distribution and 24.5% growth in IT

  22. Slide 22: Key Performance Indicators

    Key Performance Indicators FY 2015 FY 2014 % Change Air TA Booking Industry 3.9% 3.2% - Change (%) (1) Amadeus Air TA Bookings (in m) 505.0 466.5 8.3% Passengers Boarded (PB) (in m) 747.3 695.4 7.5% Revenue 3,912.7 3,417.7 14.5% EBITDA(3) 1,465.4 1,306.0 12.2% © 2016 Amadeus IT Group SA Adjusted(2,3

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