HBX Group International PLC · BME:HBX
HBX Group International — HBX Group — H1 2025 Earnings Presentation
19 slides from HBX Group International's earnings presentation, May 14, 2025
Slide 1: HBX Group Results
CP LE HBA GROUP RESULTS «(TEESE WLERENS 14 May 2025
Slide 2: Agenda
tL LS AGENDA Ol] Summary of business performance QO2 Half year 2025 financial results and guidance Q3 Business trends and outlook 04 Q8A BEEBE E EEE 2
Slide 3: Today's presenters
PA Today’s presenters AA FF NICOLAS HUSS BRENDAN BRENNAN CARLOS MUNOZ CHIEF EXECUTIVE CHIEF FINANCIAL CHIEF COMMERCIAL OFFICER OFFICER OFFICER AND DEPUTY CEO
Slide 4: Delivering Profitable Growth
SOLE \ Delivering Profitable Growth Strong HY 25 financial results and highly attractive financial profile €3.4 billion €159 million 12% growth 14% growth 50% margin (48% HY ‘24) REVENUE ADJUSTED NET DEBT €319 million €807 million 10% growth €478m improvement 1.9x Adj net debt/LTM Adj EBITDA auavnai
Slide 5: Operational and corporate highlights
▪ Markethub events held China and ▪ 7.0bn peak daily searches, up 12% YoY, ▪ Listed on the Spanish Stock Portugal to build deeper commercial +99% platform availability Exchanges on 13 February 2025 relationships and explore key market trends ▪ 400TB data lake used to create ▪ €725m gross IPO proceed
Slide 6: Commercial Highlights
SEES Commercial Highlights Delivering a well-defined strategy to grow and create value the LUXURIST NEW PLATFORM FOR HIGHLY CURATED CONNECTED TRAVEL IN THE LUXURY SEGMENT EXPANDED STRATEGIC PARTNERSHIP AGREEMENT FOR MINOR HOTELS © turkish airines ASIA AND MIDDLE EAST NEW GLOBAL HOLIDAY PLATFORM WITH
Slide 7: Group financial results
TTV €3,370m €3,022m +12% ▪ Revenue at €319m, up 10% (9% on a constant currency basis) driven by double-digit growth in the Europe and Take rate 9.5% 9.6% -0.1pp MEAPAC Adj. EBITDA €159m €140m +14% ▪ TTV €3.4bn, up 12%. Take rate 9.5%, down 0.1pp, Adj. EBITDA margin 50% 48% +2pp ▪ Adj. EBITDA reachin
Slide 8: Revenue by region
Spain 31 27 +15% Rest of Europe 98 86 +14% US 63 62 +2% Rest of Americas 49 48 +2% MEAPAC 78 68 +15% Europe 12 88 US 59 41 Rest of 16 84 Americas MEAPAC 11 89 DOMESTIC INTERNATIONAL 8
Slide 9: Operating costs
▪ Total operating costs up 6%, compared to 10% revenue growth ▪ Commercial costs up 3%, vs 10% revenue growth, achieved through reorganisation and increased efficiency Growth ▪ Operations costs down 1%, due to a reduction in resources, 13% on the back of demand optimisation and automation as well as
Slide 10: Adjusted net debt movement
€m Decrease Increase Totals 1,285 214 1,071 667 22 10 887 80 50 184 807 190 27 621 Adjusted net Working Net debt 30 Net IPO Incentives Refinancing Net debt 30 Operating Net interest Capex Exchange Net debt 31 Working Adjusted net debt 30 capital September proceeds* paid September cash flows paid and
Slide 11: Cash flow and working capital
Adj EBITDA €159m €140m €20m ▪ Working Capital variance of €(254)m, €36m larger Working capital variance €(254)m €(218)m €(36)m cash outflow than prior year reflecting business growth Capex €(22)m €(19)m €(3)m partly offset by investment in Supplier Preferential Agreements (SPAs) Operating FCF €(117)
Slide 12: Outlook and financial targets
Outlook and financial targets Delivering profitable growth on strong financial foundations Tv 4444 Revenue?) Adjusted EBITDA?) Operating Free Cash Flow?) Vv Vv VW » FY24 €7,667m 11.8% YoY Growth €693m 5.6% YoY Growth Take rate 9.0% €397m 57.3% Adj. EBITDA margin €465m EBITDA cash conversion 117% FY2
Slide 13: Resilience through global crises
Global credit Tech Global Covid crunch bubble financial pandemic burst crisis 13
Slide 14: Recent booking trends
April’25 vs January 2025 April’25 vs April’24 316% 248% 248% 233% 207% 106% 98% 96% 96% 62% All Europe US Rest of Americas MEAPAC 14
Slide 15: Looking ahead to the second half
eee i Ny Looking ahead to the second half What we are seeing > Actions we are taking > + Leisure travel is a resilient category of consumer spending, providing some reassurance in uncertain markets Market environment has become less predictable since the period close with shorter lead time bookings
Slide 16: Conclusion
S444 Conclusion aS Ol Strong first half performance with double-digit growth, margin expansion and significant i) reduction in adjusted net debt Significant new commercial relationships and investment in technology, people and products to deliver strategy for long-term growth O03 Resilient business
Slide 17: Q&A
Q&A
Slide 18: Glossary
44470 Glossary Adjusted EBITDA Represents Operating Profit (as per consolidated financial statements) before depreciation and amortisation and after adding back non-underlying and non-recurring items which do not reflect the underlying performance of the business Adjusted EBITDA Margin Calculated as
Slide 19: Important Information
4444 IMPORTANT INFORMATION Disclaimer ‘The information contained in this presentation (the “Presentation’) has been prepared by HBX Group International, plc (‘HBX Group” or the ‘Company. together with its subsidiaries and other affiliates, the ‘Group’) The Presentation is for informational purposes