Amadeus IT Group SA Class A · BME:AMS

Amadeus IT Group SA Class A — Q3 2012 Earnings Presentation

22 slides from Amadeus IT Group SA Class A's earnings presentation, Nov 8, 2012

  1. Slide 1: Jan - Sep 2012 Results

    Jan - Sep 2012 Results © 2011 Amadeus IT Group SA November 8, 2012

  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 of

  3. Slide 3: Jan - Sep 2012 Review

    Jan - Sep 2012 Review © 2011 Amadeus IT Group SA President & CEO, Mr. Luis Maroto

  4. Slide 4: Summary financial results

    Summary financial results 8.4% revenue growth (8.0% in Q3 2012) supported by both our business lines, and driven by: Traffic growth Increased market shares, and Successful execution of recent migrations EBITDA growth of 6.5% to €889.8 million (7.4% growth in Q3 2012) 39.8% EBITDA margin for the firs

  5. Slide 5: Financial results backed by consistent execution in Distribution and IT Solutions

    Financial results backed by consistent execution both in Distribution and in IT Solutions... Market share (1) gains in the Distribution business PB (incl. organic growth) (m) > 760 0.9 p.p. 38.1% 20% G R: + 37.2% CA 439 Sep YTD 2011 Sep YTD 2012 (3) 2011 By 2014 Implemented in 2012: SAS, Cathay, Sin

  6. Slide 6: … and continued momentum in our operations

    … and continued momentum in our operations Significant market share gain of 0.9 p.p. in our distribution business, thanks to both organic growth in various markets and positive region mix Continued to sign contracts that secure the relevant content for our travel agency subscribers, most notably wit

  7. Slide 7: Air Traffic and GDS volumes show signs of weakness

    Air Traffic and GDS volumes show signs of weakness driven by economic environment Air Traffic (1) (% Growth, year-on-year) GDS bookings (% Growth, year-on-year) FY: 5.9% YTD: 5.7% YTD: 1.5% FY: 2.2% 7.7% 7.4% 4.6% 5.4% 5.6% 3.3% 5.3% 4.4% 4.2% 1.9% 2.0% 1.6% 0.1% (0.5%) Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q

  8. Slide 8: Amadeus continues to deliver volume growth driven by competitive positioning

    Amadeus continues to deliver volume growth driven by our competitive positioning and market share gains Amadeus Bookings (m) Passengers Boarded (1) (m) +3.3% 380 365.8 370 354.1 +28.4% 360 350 475 450 420.4 340 46.1 425 330 46.4 400 320 327.5 310 375 83.0 300 350 290 325 6.6 280 300 270 275 +8.0%(2)

  9. Slide 9: Achieving growth across the board

    Achieving growth across the board Sep YTD 2012 Amadeus Air bookings by region Sep YTD 2012 Altéa PB by region(1) % Volume % Volume Growth Growth NA, 9.5% LatAm, 11.8% WE (0.6%) WE 35.3% WE, 45.3% LatAm, 7.1% WE, 52.9% CESE 7.4% APAC, 11.4% CESE 7.4% APAC, MEA 15.4% 14.2% MEA 16.1% APAC 3.4% MEA, 18.

  10. Slide 10: Financial Highlights

    Financial Highlights © 2011 Amadeus IT Group SA CFO, Mrs. Ana de Pro

  11. Slide 11: Group revenue growth supported by both Distribution and IT Solutions

    Group revenue growth supported by both Distribution and IT Solutions… Group Revenue (€ mm) Distribution / IT Solutions Revenue (€ mm) Distribution +6.4% 1,690.5 1,588.4 +8.4% 2,233.1 2,059.8 Sep YTD 2011 Sep YTD 2012 IT Solutions +15.1% 542.6 Sep YTD 2011 Sep YTD 2012 471.4 Sep YTD 2011 Sep YTD 2012

  12. Slide 12: Strong growth at EBITDA and Profit level

    … Resulting in strong growth at EBITDA and Profit level EBITDA (1) (€ mm) Adjusted Profit (2) (€ mm) and EPS (3) (€) +6.5% 889.8 +20.2% 835.6 481.3 400.6 €1.08 €0.90 +21.1% 40.6% 39.8% Sep YTD 2011 Sep YTD 2012 Sep YTD 2011 Sep YTD 2012 EBITDA EBITDA margin (%) Adjusted Profit EPS (€) Significant gr

  13. Slide 13: Sustained investment in R&D and Capex

    Sustained investment in R&D and Capex Group R&D spend (€ mm) Group Capex (€ mm) +15.4% +2.3 % 231.3 236.7 250 291.1 30.9 32.1 200 252.3 150 100 200.4 204.6 50 0 Sep YTD 2011 Sep YTD 2012 Sep YTD 2011 Sep YTD 2012 Intangible Assets Tangible Assets % Revenue 12.3% 13.0% % Revenue 11.2% 10.6% Consisten

  14. Slide 14: Cash flow generation and deleveraging

    Cash flow generation and deleveraging Cash flow(1) (€ mm) Net Debt to LTM EBITDA(2) (x) +26.6% 487.2 384.8 1.75 1.43 Sep YTD 2011 Sep YTD 2012 Dec 2011 Sep 2012 Cash flow generation of €487.2 million in the first nine months of 2012, up 26.6% vs. 2011: Mainly driven by the significant reduction in i

  15. Slide 15: Q3 Highlights

    Q3 Highlights © 2011 Amadeus IT Group SA

  16. Slide 16: Q3 2012 Highlights

    Q3 2012 Highlights Amadeus TA Bookings (m) Passengers Boarded (m) +1.3% % Volume Growth180 +30.6% % Volume Growth (1) 113.6 161.4 112.1 120 160 WE (4.4%) WE 37.2% 14.4 14.2 140 123.5 36.2 CESE 7.6% 120 5.8 +6.9%(2) CESE 8.1% 80 100 +1.8% MEA 16.2% 80 MEA 11.4% +6.4% 97.7 99.4 40 60 117.7 125.2 APAC

  17. Slide 17: Q3 2012 Financial Review - Revenue

    Q3 2012 Financial Review - Revenue Group Revenue (€ mm) Distribution / IT Solutions Revenue (€ mm) Distribution +4.8% 533.1 +8.0% 508.8 724.2 670.8 Q3 2011 Q3 2012 IT Solutions +18.0% 191.2 Q3 2011 Q3 2012 162.0 Q3 2011 Q3 2012 Group revenue growth of 8.0%, based on 4.8% and 18.0% growth in Distribu

  18. Slide 18: Q3 2012 Financial Review - EBITDA and Profit

    Q3 2012 Financial Review - EBITDA and Profit EBITDA (1) (€ mm) Adjusted Profit (2) (€ mm) and EPS (3) (€) Adjusted EPS (3) +8.8% +7.4% 148.8 282.9 136.8 263.5 €0.31 +9.7% €0.34 39.3% 39.1% Q3 2011 Q3 2012 Q3 2011 Q3 2012 EBITDA EBITDA margin (%) Adjusted Profit EPS (€) Significant growth in our Grou

  19. Slide 19: Support materials

    Support materials © 2011 Amadeus IT Group SA

  20. Slide 20: Key Performance Indicators

    Key Performance Indicators Sep YTD 2012(1) Sep YTD 2011(1) % Change Volumes GDS Industry Growth (%) 1.5% 2.2% Amadeus Air Bookings (m) 319.7 307.7 3.9% Passengers Boarded (PB) 420.4 327.5 28.4% (m) Financial Results (€mm) Revenue 2,233.1 2,059.8 8.4% EBITDA 889.8 835.6 6.5% Adjusted (2) profit from

  21. Slide 21: Extraordinary costs related to the IPO

    Extraordinary costs related to the IPO (€ million) Sep YTD 2012 Sep YTD 2011 Personnel and related expenses (1) (7.7) (13.9) Other operating expenses (2) 0.0 1.2 Total Impact on Profit before Taxes (7.7) (12.7) Income taxes 2.4 3.9 Total impact on Profit for the period (5.3) (8.8) © 2011 Amadeus IT

  22. Slide 22: Amadeus: Your technology partner

    AMdaDEUS Your technology partner

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