Global Business Travel Group, Inc. · NYSE:GBTG
Global Business Travel — Reg A Offering (November 2025)
12 slides from Global Business Travel's offering presentation, Nov 10, 2025
Slide 1: Condensed Consolidated Balance Sheets (Unaudited)
CWT HOLDINGS, LLC AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Sin thousands, except units data) dune 30, December 31, 2025 2024 ASSETS Current assets: Cash and cash equivalents 8 47215 § 51,195 Receivables (net of allowances for doubtful accounts of $2,535 and $3,934 as of Ju
Slide 2: Condensed Consolidated Statement of Operations (Unaudited)
CWT HOLDINGS, LLC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (UNAUDITED) Six months ended June 30, 2025 (S In thousands) Revenue S 353,548 Costs and expenses Cost of revenue (excluding depreciation and 213,401 amortization shown separately below) Sales and marketing 39,664 Techn
Slide 3: Condensed Consolidated Statement of Comprehensive Loss (Unaudited)
CWT HOLDINGS, LLC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS (UNAUDITED) Six months ended June 30, 2025 (S In thousands) Net loss S (40,643) Other comprehensive loss—net of tax Foreign currency translation adjustment 8,035 Total other comprehensive loss (6.035) Comprehen
Slide 4: Condensed Consolidated Statement of Members' Equity (Unaudited)
CWT HOLDINGS, LLC AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF MEMBERS’ EQUITY (UNAUDITED) Six months ended June 30, 2025 (S In thousands) Accumulated Members’ Equity Other Class A Class B Members’ Comprehensive Noncontrolling Units Units Deficit____Income (Loss) ___Interest Balance—January
Slide 5: Notes to Condensed Consolidated Financial Statements (Unaudited)
CWT HOLDINGS, LLC AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1. GENERAL AND BASIS OF PRESENTATION CWT Holdings, LLC (successor group top holding company to CWT Travel Holdings, Inc.), together with its subsidiaries (the “Company ”) provides travel booking and s
Slide 6: 6. Intangible Assets—Net
6. INTANGIBLE ASSETS—NET Intangible assets consist of the following:
Slide 7: Intangible assets and investments in unconsolidated affiliates
Intangible assets consist of customer relationships and trademarks which are being amortized over a period of 15 and 20 years, respectively. The weighted-average useful life of all intangible assets is 12 years. Intangible asset amortization expense was $23.7 million for the six months ended June 30
Slide 8: Changes in carrying value of investments in unconsolidated affiliates
Changes in the carrying value of investments in unconsolidated affiliates for the six months ended June 30, 2025 is as follows ($ in thousands):
Slide 9: 10. Debt
10. DEBT Debt consists of the following:
Slide 10: Debt: 1L Credit Agreement and amendments
includes $14.3 million issued In 2021, CWT Travel Group, Inc. entered into a $150 million Super-Senior Priority First Lien Credit Agreement (the “ 1L Credit Agreement ”) with the lenders party thereto (“ First Lien Lenders ”) and Alter Domus (US) LLC as administrative agent and collateral agent. Und
Slide 11: 13. Commitments and Contingencies; 14. Restructuring and Other Charges
13. COMMITMENTS AND CONTINGENCIES The Company is involved in certain disputes and legal action arising in the normal course of business. Management believes that the ultimate resolution of these matters will not have a material adverse effect on the Company’s consolidated financial position, results
Slide 12: Other Charges; 15. Other Gains—Net
Other Charges - The Company incurred other unusual or infrequent charges of $17.4 million for the six months ended June 30, 2025. This included $ $15.8 million to support the execution of the AMEX GBT Merger Agreement (see Note 1, “ General and Basis of Presentation ”). All significant restructuring
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