Amadeus It Group Sa Class A · BME:AMS

Amadeus It Group Sa Class A — Q1 2013 Earnings Presentation

18 slides from Amadeus It Group Sa Class A's earnings presentation, May 9, 2013

  1. Slide 1: Amadeus Q1 2013 Results

    Amadeus Q1 2013 Results © 2011 Amadeus IT Group SA May 9, 2013

  2. 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 of

  3. Slide 3: Q1 2013 Review

    Q1 2013 Review © 2011 Amadeus IT Group SA President & CEO, Mr. Luis Maroto

  4. Slide 4: Strong financial results

    Strong financial results 4.0% revenue growth driven by: Increased market share, and despite negative global distribution industry growth Successful execution of recent migrations in our IT Solutions business EBITDA growth of 5.3% to €323.4 million Improved EBITDA margin of 40.7% in the period Adjust

  5. Slide 5: Continued execution in our business

    … coupled with continued execution in our business Significant market share gain of 1.6 p.p. in our distribution business, driven by organic growth in Market share(1) in the Distribution business various markets (notably in the US, thanks to recent contract wins) 1.6 p.p. 39.8% Continued to renew co

  6. Slide 6: Healthy growth in Distribution volumes despite weak industry performance

    Healthy growth in Distribution volumes despite weak industry performance GDS Industry (% Change, year-on-year) Amadeus Bookings (m) 4.6% +1.9% 134.8 0 150 132.3 140 130 0 120 16.4 15.5 110 100 0 Adjusted for 90 +2.9% 80 working days 70 0 119.3 60 50 115.9 40 0 0.3% 30 20 10 0 0 0 Q1 2012 Q1 2013 Air

  7. Slide 7: IT Solutions continues to deliver steady growth

    IT Solutions continues to deliver steady growth Passengers Boarded (1) (m) Q1 2013 Altéa PB by region % Volume +13.6% Growth 131.7 LatAm, 12.4% 115.9 WE 8.6% 125 WE, 49.2% 9.3 23.7 100 CESE (3.6%) APAC, 15.7% +4.6%(2) 75 MEA 6.0% 50 106.7 +1.2% 108.0 APAC 80.9% MEA, 18.2% 25 LatAm 1.6% CESE, 4.5% 0

  8. Slide 8: Progress in our diversification activities outside Air

    Progress in our diversification activities outside Air Distribution and Airline IT Airport IT Hotel IT and Distribution Ground Handling Amadeus Hotel Optimisation Package Continued progress in the area of DCS Significant progress in scoping / identifying for Ground Handlers, contracts signed the Hot

  9. Slide 9: Financial Highlights

    Financial Highlights © 2011 Amadeus IT Group SA CFO, Mrs. Ana de Pro

  10. Slide 10: Group revenue growth supported by both Distribution and IT Solutions

    Group revenue growth supported by both Distribution and IT Solutions Group Revenue (€ mm) Distribution / IT Solutions Revenue (€ mm) Distribution 2.4% 597.6 612.2 4.0% 764.1 795.0 Q1 2012 Q1 2013 IT Solutions 9.8% 182.9 166.6 Q1 2012 Q1 2013 Q1 2012 Q1 2013 Group revenue growth of 4.0%, based on 2.4

  11. Slide 11: Strong growth at EBITDA and Profit level

    Strong growth at EBITDA and Profit level EBITDA (1) (€ mm) Adjusted Profit (2) (€ mm) and Adjusted EPS (€) Adjusted EPS (3) +5.4% 5.3% €0.38 €0.40 323.4 307.2 +5.0% 176.3 167.9 40.2% 40.7% Q1 2012 Q1 2013 Q1 2012 Q1 2013 EBITDA EBITDA margin (%) Significant EBITDA growth based on the Significant Adj

  12. Slide 12: R&D and Capex

    R&D and Capex Total Group R&D spend (€ mm) Total Group Capex (€ mm) +39.5 % 101.9 +26.5% 118.1 100 73.0 12.1 93.4 75 10.2 50 89.8 62.9 25 0 Q1 2012 Q1 2013 Q1 2012 Q1 2013 Intangible Assets Tangible Assets % Revenue 12.2% 14.9% % Revenue 9.6% 12.8% Consistent commitment to Research & Development as

  13. Slide 13: Significant ongoing migration efforts in our IT Solutions business

    Significant ongoing migration efforts in our IT Solutions business Ongoing Altéa Inventory migration projects Ongoing Altéa DCS migration projects List of ongoing projects List of selected ongoing projects Implemented in Q1 2013:Eva Air, Uni Airways, Ural Air Astana SriLankan Airlines: Q4 2013 Air F

  14. Slide 14: Cash flow generation and deleveraging

    Cash flow generation and deleveraging Cash flow(1) (€ mm) Net Debt to LTM EBITDA(2) (x) +7.8% 179.2 166.2 1.34x 1.28x 1,495 1,441 Q1 2012 Q1 2013 FY 2012 Q1 2013 Cash flow generation of €179.2 million in Q1 2013, up 7.8% vs. Q1 2012, mainly due to: Increased EBITDA and lower interest payments and ca

  15. Slide 15: Support materials

    Support materials © 2011 Amadeus IT Group SA

  16. Slide 16: Key Performance Indicators

    Key Performance Indicators Q1 2012(1) Q1 2013 % Change Volumes GDS Industry Growth (%) 4.6% (1.3%) Amadeus Air Bookings (m) 115.9 119.3 2.9% Passengers Boarded (PB) (m) 115.9 131.7 13.6% Financial Results (€mm) Revenue 764.1 795.0 4.0% EBITDA 307.2 323.4 5.3% Adjusted (2) profit 167.9 176.3 5.0% Inv

  17. Slide 17: Air Traffic growth

    Air Traffic growth Air Traffic (1) Growth in Q1 2013 (% Growth, quarter-on-quarter) 0 0 12.9% 0 0 0 0 8.1% 0 0 0 0 5.7% 0 5.3% 0 4.2% 0 0 1.9% 1.8% 0 0 0 Africa APAC Europe LatAm Middle East North America Total air traffic Air traffic growth of 4.2% in Q1 2013 Weak signs of recovery, improving from

  18. Slide 18: Amadeus: Your technology partner

    AMdaDEUS Your technology partner

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