Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — FY2021 Earnings Presentation
15 slides from Amadeus It Group Sa Class A's earnings presentation, Feb 25, 2022
Slide 1: Amadeus 2021 Results
Amadeus 2021 Results February 25, 2022
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 © 2022 Amadeus IT Group and its affiliates and subsidiaries
Slide 4: Q4/FY performance
Q4/FY performance Revenue (€m) EBITDA1 (€m) % Growth (64.7%) (56.0%) (47.3%) (39.6%) (52.1%) % Growth (91.0%) (75.3%) (63.5%) (53.9%) (71.9%) vs. 2019 vs. 2019 2,670.0 627.6 206.7 221.9 496.7 624.4 739.1 809.8 145.3 53.7 Q1 Q2 Q3 Q4 FY 2021 Q1 Q2 Q3 Q4 FY 2021 Adjusted profit2 (€m) Free cash flow (€
Slide 5: Q4/FY – Steady volume progress throughout 2021
Q4/FY – Steady volume progress throughout 2021 Continued quarter-on-quarter improvement 2021 Amadeus TA air booking growth vs. 2019 (%) 0% Amadeus TA air bookings (10%) (20%) _ Q4 2021: -49.2% vs. 2019, compared to -58.5% in Q3. (30%) • December month impacted by increase in COVID-19 cases globally.
Slide 6: Quarterly business update
Quarterly business update Airline Distribution Hospitality _ Renewed / signed 26 distribution agreements (77 in the year), including _ Marriott International will deploy Amadeus CRS. In the coming years, the Delta Air Lines. Amadeus cloud-based CRS will modernize Marriott’s proprietary reservations
Slide 7: Financial highlights - Till Streichert, CFO
CFO Till Streichert Financial highlights © 2022 Amadeus IT Group and its affiliates and subsidiaries 7 2020Amadeus ©©2018 Groupand AmadeusITITGroup affiliatesand itsaffiliates andits subsidiaries andsubsidiaries
Slide 8: Revenue evolution by segment
Revenue evolution by segment Group revenue (€ millions) _ Group revenue: -39.6% in Q4 2021 vs. 2019, advancing from -47.3% in Q3, driven by % Growth progress in volume performance. (64.7%) (56.0%) (47.3%) (39.6%) (52.1%) vs. 2019 _ Air Distribution revenue: -49.9% in Q4 2021 vs. 2019, driven by the
Slide 9: EBITDA and Adjusted profit continued to improve
EBITDA and Adjusted profit continued to improve EBITDA1 (€ millions) Adj. Profit2 (€ millions) & Adj. EPS2 (€) % Growth (91.0%) (75.3%) (63.5%) (53.9%) (71.9%) % Growth (124.9%) (107.2%) (92.6%) (86.1%) (103.5%) vs. 2019 vs. 2019 23.8 38.2 (23.6) (44.7) 627.6 (83.1) 206.7 221.9 145.3 53.7 Q1 Q2 Q3 Q
Slide 10: Capex and Free cash flow
Capex and Free cash flow Capex (€ millions) Free cash flow1 (€ millions) Change (47.4) (2.9) (22.6) 31.7 (41.2) Free cash flow, as reported vs. PY (31.3%) (2.6%) (18.6%) 27.4% (8.2%) Exc. implementation costs paid2 460.2 234.0 44.0 177.5 103.5 416.2 31.4 137.4 147.3 (78.5) 83.6 99.2 104.1 110.1 98.8
Slide 11: 2020/2021 Fixed cost reduction plan - completed
2020/2021 Fixed cost reduction plan - completed Fixed cost reduction1 achieved in 2021 ➢ €128 million vs. 2020: P&L: -€69 million / Capex: -€59 million. ➢ €635 million vs. 2019: P&L: -€341 million / Capex: -€294 million. ➢ Supported by (i) a reduction in workforce-related costs (from a headcount con
Slide 12: General expectations for 2022
General expectations for 2022 _ Volume considerations: _ Top-line considerations: • Amadeus performance highly dependent on global air traffic evolution. 2021 Evolution 2022 Dynamics • IATA projects 2022 global air traffic evolution of -40%1 vs. 2019. _ Unitary revenue: broadly similar • Positive vo
Slide 13: Support materials
Support materials 13 © 2022 Amadeus IT Group and its affiliates and subsidiaries
Slide 14: Key Performance Indicators
Key Performance Indicators Oct-Dec Change vs. Change vs. Change vs. Change vs. 2021 2021 Q4’20 Q4’19 2020 2019 Amadeus TA air bookings (m) 67.7 146.7% (49.2%) 206.4 91.9% (64.4%) Passengers Boarded (m) 285.7 107.9% (42.5%) 848.6 22.9% (57.4%) Revenue (€m) 809.8 70.8% (39.6%) 2,670.0 22.8% (52.1%) EB
Slide 15: Thank you!
Thank you! © 2022 Amadeus IT Group and its affiliates and subsidiaries amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup 15