Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Amadeus It Group Sa Ord — H1 2023 Earnings Presentation
17 slides from Amadeus It Group Sa Class A's earnings presentation, Jul 28, 2023
Slide 1: Amadeus January-June 2023 Results
Amadeus January-June 2023 Results July 28, 2023
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
Slide 3: Operating Review - Luis Maroto, President & CEO
Luis Maroto President & CEO Operating Review 3 © 2023 Amadeus IT Group and its affiliates and subsidiaries
Slide 4: H1 2023 Highlights
H1 2023 Highlights _ Revenue +28% In € millions • Strong performance across our segments 2,692 _ EBITDA +41%1 • Margin expansion _ Adjusted profit2 +85%1 1,046 • Adjusted EPS2 +85%1 _ Free Cash Flow3 +57% 560 _ Leverage 1.0x4 © 2023 Amadeus IT Group and its affiliates and subsidiaries • €0.74 per sh
Slide 5: Air Distribution
Air Distribution Developments Amadeus bookings (millions) _ Renewed / signed 16 distribution agreements in the quarter (36 in H1). +17.2% _ Zambia Airways’ new content distribution agreement, allowing the airline to distribute its content through the Amadeus Travel Platform. Vs. H1’19: _ Expanded pa
Slide 6: Air IT Solutions
Air IT Solutions Developments Amadeus PB (millions) Airline IT +36.8% 903.7 _ New Altéa PSS contract: an undisclosed customer carrying 25 million PB annually. 28.8 Vs. H1’19: _ Upselling: Tunisair (Revenue Management, Group Manager, Loyalty Community Platform), Vistara (Revenue Management). 660.7 (4
Slide 7: Hospitality & Other Solutions (HOS)
Hospitality & Other Solutions (HOS) Developments and Performance _ H1 2023 revenue: 23.6% higher than H1 2022 levels. _ Both Hospitality and Payments delivered strong growth vs. H1 2022, supported by new customer implementations and volume expansion. _ Customer portfolio expansion: • Iberostar Hotel
Slide 8: Financial highlights - Till Streichert, CFO
CFO Till Streichert Financial highlights 8 © 2023 Amadeus IT Group and its affiliates and subsidiaries
Slide 9: Revenue evolution by segment
Revenue evolution by segment Group revenue _ _ Group revenue: +28.2% in H1 2023 vs. 2022, driven by strong performances across segments. Air Distribution revenue: +31.1% in H1 2023 vs. 2022, driven by the bookings’ evolution +28.2% (+17.2%) and a 11.8% higher revenue per booking than in 2022 (fundam
Slide 10: Segment contribution evolution
Segment contribution evolution _ Air Distribution contribution: +33.2% in H1 2023 vs. 2022, Air Distribution Air IT Solutions as a result of 31.1% revenue growth and 29.3% net 800.0 46.6% +33.2% 47.4% 60.0% 800.0 69.9% +28.5% 71.2% 75.0% operating cost increase, resulting from (i) higher variable 70
Slide 11: EBITDA and Adjusted profit
EBITDA and Adjusted profit EBITDA1 1,200.0 45.0% Adj. Profit1,2 (€ millions) / Adj. EPS1,2 (€) 900.0 1.40 +41.3% 38.9% 40.0% 800.0 +85.0% 1.25 1,000.0 35.3% 1.21 1.20 35.0% 700.0 +84.8% 1.00 800.0 30.0% 600.0 +83.8% 0.67 0.80 25.0% 500.0 600.0 1,046.1 20.0% 400.0 0.66 0.60 560.3 300.0 740.4 400.0 15
Slide 12: R&D investment and Capital expenditure
R&D investment and Capital expenditure R&D investment1 (€ millions) Capital Expenditure (€ millions) +20.2% 450.0 12.2% +20.6% 14.0% 400.0 11.5% 12.0% 350.0 309.7 10.0% 300.0 256.9 18.3 8.0% 250.0 13.7 548.1 200.0 6.0% 455.9 150.0 291.3 100.0 243.1 4.0% 2.0% 50.0 0.0 0.0% H1 2022 H1 2023 H1 2022 H1
Slide 13: Free cash flow generation and Leverage
Free cash flow generation and Leverage Free cash flow1 (€ millions) Net debt (€ millions) and leverage3 +57.0% 3,000.0 1.4x 1.4x 2,500.0 Exc. Tax collection 439.62 1.2x 1.0x 2,000.0 +56.9%2 1.0x Ex. Grant & 0.8x imp.costs 280.22 482.4 1,500.0 1,000.0 2,284.5 0.6x 1,870.1 307.4 0.4x 500.0 0.2x 0.0 0.
Slide 14: Annex
Annex 14 © 2023 Amadeus IT Group and its affiliates and subsidiaries
Slide 15: Key Performance Indicators
Key Performance Indicators Apr-Jun Apr-Jun Jan-Jun Jan-Jun Change Change 2023 20221 2023 20221 Amadeus bookings (m) 113.7 109.2 4.2% 235.5 200.9 17.2% Passengers Boarded (m) 494.2 396.7 24.6% 903.7 660.7 36.8% Revenue (€m) 1,380.7 1,182.6 16.8% 2,692.1 2,099.7 28.2% EBITDA (€m) 536.3 444.6 20.6% 1,0
Slide 16: Alternative Performance Measures
Alternative Performance Measures This document includes unaudited Alternative Performance Measures which have been prepared in accordance with the Guidelines issued by the European Securities and Markets Authority for regulated information published on or after July 3, 2016: _ Segment contribution1
Slide 17: Thank you!
Thank you! © 2023 Amadeus IT Group and its affiliates and subsidiaries amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup 17
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