Edreams Odigeo · BME:EDR
Edreams Odigeo — Q3 FY2023 Earnings Presentation
60 slides from Edreams Odigeo's earnings presentation, Feb 23, 2023
Slide 1: Results Report 3Q FY2023
RESULTS REPORT 3Q FY2023 Free translation from the original document in Spanish. In the event of discrepancy, the Spanish-language version prevails
Slide 2: Contents
1. A brief look at eDreams ODIGEO and KPIs 2. Financial Performance 3. Other information 4. Condensed Consolidated Interim Financial Statements and Notes 5. Alternative Performance Measures
Slide 3: A brief look at eDreams ODIGEO and KPIs
A brief look at eDreams ODIGEO and KPIs 1.1. A brief look at 9M FY2023 eDreams ODIGEO KPIs 1.2. Results Highlights 1.3. Prime model a proven success 1.4 Why invest in eDreams ODIGEO
Slide 4: A brief look at 9M FY2023 eDreams ODIGEO KPIs
1. A brief look at eDreams ODIGEO and KPIs..................................................................................................................................................................................................................................................................
Slide 5: Results Highlights; Prime model a proven success
1. A brief look at eDreams ODIGEO and KPIs..................................................................................................................................................................................................................................................................
Slide 6: Cash EBITDA margin improvements as Prime matures
1. A brief look at eDreams ODIGEO and KPIs..................................................................................................................................................................................................................................................................
Slide 7: Stable Prime member growth rates
1. A brief look at eDreams ODIGEO and KPIs..................................................................................................................................................................................................................................................................
Slide 8: Why invest in eDreams ODIGEO
1. A brief look at eDreams ODIGEO and KPIs..................................................................................................................................................................................................................................................................
Slide 9: Global flight leader; capturing new customers through Prime
1. A brief look at eDreams ODIGEO and KPIs..................................................................................................................................................................................................................................................................
Slide 10: Business model positioning and FY25 targets
1. A brief look at eDreams ODIGEO and KPIs..................................................................................................................................................................................................................................................................
Slide 11: Financial Performance
Financial Performance 2.1. Business Review 2.2. Prime 2.3. Product 2.4. Geography 2.5. KPIs 2.6. Income Statement 2.7. Balance Sheet 2.8. Cash Flow 2.9. Strong liquidity
Slide 12: Business Review
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 13: Business Review
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 14: Prime
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 15: Product
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 16: Geography
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 17: KPIs
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 18: Income Statement
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 19: Balance Sheet
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 20: Cash Flow
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 21: Strong Liquidity
2. Financial Performance....................................................................................................................................................................................................................................................................................
Slide 22: Other information
Other information 3.1. Shareholder Information 3.2. Subsequent Events
Slide 23: Shareholder Information; Subsequent Events
3. Other information........................................................................................................................................................................................................................................................................................
Slide 24: Condensed Consolidated Interim Financial Statements & Notes
Condensed Consolidated Interim Financial Statements & Notes For the nine-month period ended 31st December 2022
Slide 25: Condensed Interim Income Statement and Comprehensive Income
Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................
Slide 26: Condensed Interim Statement of Financial Position
Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................
Slide 27: Statement of Changes in Equity
Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................
Slide 28: Condensed Interim Cash Flows Statement
Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................
Slide 29: Notes to the Condensed Consolidated Interim Financial Statements
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 30: Impact of COVID-19
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 31: Basis of Presentation
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 32: Earnings per Share; Seasonality of Business
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 33: Segment Information
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 34: Revenue Margin
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 35: Personnel Expenses; Depreciation and Amortisation
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 36: Other Operating Expenses; Financial Income and Expense
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 37: Goodwill
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 38: Other Intangible Assets
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 39: Trade and Other Receivables; Equity
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 40: Share Capital, Share Premium, Share-based Payments
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 41: Share-based Compensation
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 42: 2019 Long-term Incentive Plan
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 43: Long-term Incentive Plan Movements
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 44: Financial Liabilities
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 45: Lease Liabilities and SSRCF
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 46: Provisions, Trade Payables, Deferred Revenue
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 47: Contingencies and Provisions
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 48: Investigation by Italian Consumer Protection Authority
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 49: Subsequent Events
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 50: Consolidation Scope
Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................
Slide 51: Alternative Performance Measures
Alternative Performance Measures
Slide 52: Alternative Performance Measures
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 53: Cash EBITDA Margin and Other Definitions
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 54: Other Definitions
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 55: Reconciliations of APMs
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 56: Fixed costs, Variable costs, EBITDA reconciliation
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 57: Measures of Profit and Loss related to Prime
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 58: Cash EBITDA and Prime ARPU
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 59: Per Booking measures; Financial Position
Alternative Performance Measures............................................................................................................................................................................................................................................................................
Slide 60: Measures of Cash Flow and Liquidity
Alternative Performance Measures............................................................................................................................................................................................................................................................................