Amadeus It Group Sa Class A · BME:AMS

Amadeus It Group Sa Class A — Merger or Acquisition (July 2015)

14 slides from Amadeus It Group Sa Class A's merger presentation, Jul 1, 2015

  1. Slide 1: Navitaire Acquisition Presentation

    Navitaire Acquisition Presentation July 1, 2015 © 2015 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: Acronyms / Glossary

    Acronyms / Glossary • APAC: Asia Pacific 265ced1609a17cf1a5979880a2ad364653895ae8 • DCS: Departure Control Systems • EMEA: Europe, Middle East and Africa • FSC: Full-Service Carrier • JV: Joint-venture • Latam: Latin America • LCC: Low-Cost Carrier • New Skies: Navitaire reservation system (PSS) • N

  4. Slide 4: Transaction overview

    Transaction overview Amadeus today announces an acquisition in the Airline IT space Founded in 1993, Navitaire, a wholly-owned subsidiary of Accenture, is a U.S-based PSS provider in the Airline IT space, with expected 490m PBs, $198m in revenues and $60m in EBITDA(1) , for the current year ending A

  5. Slide 5: Transaction rationale

    Transaction rationale The Amadeus and Navitaire offerings will cover the full spectrum of market segments within the PSS Airline IT space, from LCC to FSC Boost to Amadeus’ Airline IT strategy  Immediate presence in new market segments for Amadeus – LCC and Hybrid segments, where we plan to strengt

  6. Slide 6: Navitaire highlights

    Navitaire highlights Navitaire is a travel technology solutions provider Comprehensive product portfolio including PSS, eCommerce, Ancillaries, Revenue Accounting, Revenue Management and Loyalty matching the needs of LCC/Hybrid segment Competitive landscape primarily composed of Sabre, SITA, Radixx

  7. Slide 7: Navitaire financial performance

    Navitaire financial performance Steady financial performance _ Navitaire has grown historically at healthy growth rates in volumes, revenues and EBITDA _ On a standalone basis and going forward, we are expecting Navitaire to continue to grow volumes, revenues and EBITDA sustainably at average annual

  8. Slide 8: Proforma combined P&L

    Proforma combined P&L 2015 Estimates (1) (2) + Revenue €3,741m $198m €3,915m EBITDA €1,419m $60m €1,472m % margin 38% 30% 38% © 2015 Amadeus IT Group SA (3) Reported EPS 1.58 1.63 (1) Amadeus’ estimated 2015 results based on Bloomberg consensus of analysts as of 18 June 2015. (2) These figures are p

  9. Slide 9: Valuation and leverage

    Valuation and leverage _ Enterprise value of $830m _ Valuation multiples  14.2x current year FCF(1)  13.8x current year EBITDA 100% debt-financed transaction _ Amadeus’ acquisition of Navitaire will result in proforma leverage for Amadeus of 1.5x 2015E EBITDA(2) Navitaire Proforma 2015E financials

  10. Slide 10: Looking ahead

    Looking ahead Today’s announcement marks an exciting new chapter for our Airline IT strategy and for Amadeus as a whole Acquisition fully-aligned with our global corporate strategy  Helping our customers maximize revenue potential in a cost- efficient way  Supports long-term growth Accelerates our

  11. Slide 11: Appendix

    Appendix © 2015 Amadeus IT Group SA

  12. Slide 12: Navitaire management team

    Navitaire management team Proven leadership with 30 year-average experience in Airline and Travel Dave P. Evans  30+ years of Airline and Travel Industry experience with a vast range Chief Executive of positions and experience Officer  Prior to his current role, David served as Navitaire’s VP of P

  13. Slide 13: History

    History Converted first customer to New Skies, launched Via World Travel Commerce Reached All customers Networks, LLC product and 300M+ converted to Open Skies, Inc. launched 1996, reached 200M passengers New Skies launched 1994 merged with PRA in passengers boarded PSS product 1999 boarded 2004 New

  14. Slide 14: Navitaire product summary

    Navitaire product summary _ PSS (83% of revenue)  New Skies® reservation system: Integrates Internet booking, call centre reservations, inter-airline / alliance codeshare itineraries, real-time reporting, ancillary revenue generation and departure control capabilities  Travel commerce and digital

Amadeus IT Group — Merger or Acquisition (July 2015) on 6ix