Slide 1: January – September 2025 Results
November 7, 2025 2025 Results January – September 1 © Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries
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: January-September Highlights
January-September © Amadeus IT Group and its affiliates and subsidiaries Highlights Luis Maroto, President & CEO 3
Slide 4: Headlines
Headlines • Revenue growth acceleration and margin expansion • Expanded market relevance ‒ New customers across our airline, airport, hotel, payment © Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries and travel agency offering ‒ Announcing n
Slide 5: Strategy update
Strategy update Leading the airline retailing Becoming the IT provider of transformation reference in Hospitality • Nevio: an AI-powered next- • The Amadeus Central Reservation generation airline IT platform offering System (ACRS): offering market- advanced retailing capabilities leading attribute-b
Slide 6: Air IT Solutions
Air IT Solutions Q3 2025 revenue +8% (at cc1) Airline IT Airport IT Amadeus PB evolution Qatar Airways, Vietnam Airlines and Jazeera Innovation: AI agent Garv and EU Digital Identity Ex.timing eff.2 +6.9% Airways – Revenue Management solutions Wallet successfully tested with Lufthansa Singapore Airl
Slide 7: Hospitality & Other Solutions
Hospitality & Other Solutions Q3 2025 revenue +9% (at cc1) Hospitality Payments The Ascott Limited– ACRS (all properties ex. Outpayce issuing prepaid virtual cards with several new Quest-branded and China) customers, such as HBX Group EOS Hospitality – Business Intelligence solutions, Sembo and Junt
Slide 8: Air Distribution
Air Distribution Q3 2025 revenue +9% (at cc1) Air Distribution Amadeus booking evolution 14 airline distribution agreements signed in Q3 (43 Renewed and expanded relationships with retail year-to-date), including LCC flyadeal travel agency Internova Travel Group and tour +3.7% operator Cercle de Vac
Slide 9: Financial highlights
Financial highlights © Amadeus IT Group and its affiliates and subsidiaries Carol Borg, Chief Financial Officer 9
Slide 10: Jan-Sep 2025 Financial highlights
Jan-Sep 2025 Financial highlights Revenue Operating Adjusted EBIT2 €4,895 million, +6% income €1,471 million, +8% +8% at cc1 €1,420 million, +8% +9% at cc1 © Amadeus IT Group and its affiliates and subsidiaries Profit Adjusted profit2 Free cash flow2 €1,088 million, +10% €1,109 million, +8% €955 mil
Slide 11: Sep YTD'25 Revenue evolution
Sep YTD’25 Revenue evolution €millions +8.0%1 +8.0%1 (72.1) +6.4% +8.1%1 178.0 +7.9%1 59.5 129.3 © Amadeus IT Group and its affiliates and subsidiaries 4,967.4 4,895.3 4,600.6 Sep YTD'24 Air IT Hospitality & Air Sep YTD'25 at cc FX Sep YTD'25 Solutions Other Solutions Distribution • AITS: +7.9% at c
Slide 12: Sep YTD'25 Adjusted EBIT evolution
Sep YTD’25 Adjusted EBIT1 evolution €millions +6.4% +3.1% +8.0% +4.2% 294.8 (35.7) (131.9) (18.5) +8.0% 9.9 +8.7%2 EBITDA1 © Amadeus IT Group and its affiliates and subsidiaries +7.1% +7.8%2 1,801.5 1,928.7 1,942.0 1,361.9 1,470.6 1,480.5 29.6% 30.0% 29.8% 39.2% 39.4% 39.1% margin margin margin marg
Slide 13: Sep YTD'25 Adjusted profit evolution
Sep YTD’25 Adjusted profit1 evolution €millions +8.2% 1,024.4 1,108.9 and subsidiaries subsidiaries Sep YTD'24 Sep YTD'25 affiliates and its affiliates Adjusted EPS1 (€) Adjusted EPS-Diluted1,2 (€) and its +6.8% +8.9% Group and IT Group 2.35 2.51 2.28 2.48 Amadeus IT © Amadeus Sep YTD'24 Sep YTD'25
Slide 14: Sep YTD'25 R&D investment and Capital expenditure
Sep YTD’25 R&D investment1 Sep YTD’25 Capital expenditure €millions €millions As % of As % of 1,200.0 Revenue 21.2% 22.0% Revenue 11.4% 12.4% 1,000.0 606.6 526.1 41.3 18.5 © Amadeus IT Group and its affiliates and subsidiaries 800.0 600.0 +10.6% 974.0 1,077.2 +15.3% 565.3 507.6 400.0 200.0 0.0 Sep Y
Slide 15: Sep YTD'25 Free cash flow and Net debt / Leverage
Sep YTD’25 Free cash flow1 Net debt / Leverage1 €millions €millions (At month-end) +7.1% +15.3% 22.8 52.1 +121.3% +4.7% (9.2%) 127.2 (80.5) (2.1%) (61.8) (9.5) 4.5 © Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries (955.2) 1,682.0 2,111.3 2,
Slide 16: 2025 Outlook at constant currency unchanged
2025 Outlook at constant currency unchanged Group revenue: €6.60–€6.84 billion (7.4%-11.4%) Outlook EBITDA1: €2.46–€2.58 billion (5.7%-11.0%) FCF1: €1.25–€1.33 billion © Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries Segment AD: - Revenue
Slide 17: Appendix
Appendix 17 17 © Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries
Slide 18: IFRS Consolidated income statement
IFRS Consolidated income statement €millions Sep YTD Sep YTD Q3 2025 Q3 2024 Change Change unless otherwise stated 2025 2024 Revenue 1,635.3 1,548.0 5.6% 4,895.3 4,600.6 6.4% Cost of revenue (384.7) (379.5) 1.4% (1,186.0) (1,150.3) 3.1% Personnel and related expenses (516.8) (486.4) 6.3% (1,521.2) (
Slide 19: IFRS Consolidated statement of financial position
IFRS Consolidated statement of financial position €millions Sep 30, 2025 Dec 31, 2024 Change Goodwill 3,913.1 4,090.6 (177.5) Intangible assets 4,361.3 4,331.3 30.0 Property, plant and equipment 230.4 195.1 35.3 547.8 573.4 (25.7) © Amadeus IT Group and its affiliates and subsidiaries Rest of non-cu
Slide 20: IFRS Consolidated statement of cash flows
IFRS Consolidated statement of cash flows Sep YTD Sep YTD €millions Q3 2025 Q3 2024 Change Change 2025 2024 Operating income 481.5 442.0 8.9% 1,419.6 1,310.0 8.4% Depreciation and amortization 171.2 159.6 7.3% 509.1 491.5 3.6% Operating income before changes in operating 652.7 601.6 8.5% 1,928.7 1,8
Slide 21: Alternative Performance Measures
Alternative Performance Measures • EBITDA corresponds to Operating income plus Depreciation and amortization. EBITDA margin is the percentage resulting from dividing EBITDA by Revenue. • Adjusted EBIT corresponds to Operating income adjusted for PPA amortization and impairments. Adjusted EBIT margin
Slide 22: Reconciliations of APMs to IFRS figures – Income Statement
Reconciliations of APMs to IFRS figures – Income Statement €millions, unless otherwise stated Q3 2025 Q3 2024 Sep YTD 2025 Sep YTD 2024 Operating income 481.5 442.0 1,419.6 1,310.0 Depreciation and amortization 171.2 159.6 509.1 491.5 EBITDA 652.7 601.6 1,928.7 1,801.5 Q3 2025 Q3 2024 Sep YTD 2025 S
Slide 23: Reconciliations of APMs to IFRS figures
Reconciliations of APMs to IFRS figures (€millions) Reconciliation of net debt Sep 30, 2025 Dec 31, 2024 Current debt 772.8 803.9 Non-current debt 2,552.0 2,571.8 Financial debt per consolidated financial statements 3,324.8 3,375.7 Operating lease liabilities (124.8) (142.6) Interest payable (25.1)
Slide 24: Key terms
Key terms • “ACRS”: stands for “Amadeus Central Reservation System” • “IFRS”: stands for “International Financial • “ACUS”: stands for “Airport Cloud Use Service” Reporting Standards” • “AD”: refers to our operating segment Air Distribution • “LCC”: stands for “Low Cost Carrier” • “AI”: stands for “
Slide 25: Thank you.
Thank you. 25 © Amadeus IT Group and its affiliates and subsidiaries