Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Amadeus It Group Sa Ord — Q1 2023 Earnings Presentation
15 slides from Amadeus It Group Sa Class A's earnings presentation, May 9, 2023
Slide 1: Amadeus January-March 2023 Results
Amadeus January-March 2023 Results May 9, 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: Q1 2023 Performance
Q1 2023 Performance _ Revenue +43% In € millions • Strong performances across segments 1,311 _ EBITDA +72% _ Adjusted profit1 +188% • Adjusted EPS1 +187% _ Free Cash Flow2 +117% 510 _ Leverage 1.1x3 © 2023 Amadeus IT Group and its affiliates and subsidiaries 273 273 Revenue Adj. profit EBITDA Free C
Slide 5: Air Distribution
Air Distribution Developments Amadeus bookings (millions) _ Renewed / signed 20 distribution agreements in the quarter. +32.8% _ Expanded partnerships with Air Canada, SAS and Virgin Atlantic to distribute their NDC-sourced content through the Amadeus Travel Platform. Vs. Q1’19: _ AERTiCKET and Ávor
Slide 6: Air IT Solutions
Air IT Solutions Developments Amadeus PB (millions) Airline IT _ Etihad Airways, ITA Airways and Hawaiian Airlines implemented Altéa. ITA Airways also +55.1% 409.5 implemented Digital Experience, Amadeus’ merchandizing, NDC and data solutions. Vs. Q1’19: 9.6 _ Upselling: Southwest Airlines (Network
Slide 7: Hospitality & Other Solutions (HOS)
Hospitality & Other Solutions (HOS) Developments and Performance _ Q1 2023 revenue: 31.3% higher than Q1 2022 levels. _ Both Hospitality and Payments delivered strong growth vs. Q1 2022, supported by new customer implementations and volume expansion. _ Within Hospitality, its three main revenue line
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: +43.0% in Q1 2023 vs. 2022, driven by strong performances across segments. +43.0% _ Air Distribution revenue: +52.2% in Q1 2023 vs. 2022, driven by the bookings’ evolution (+32.8%) and a 14.6% higher revenue per booking than in 2022 (result
Slide 10: EBITDA and Adjusted profit
EBITDA and Adjusted profit EBITDA 800.0 700.0 60.0% Adj. Profit1 (€ millions) / Adj. EPS1 (€) 600.0 0.90 0.80 50.0% 600.0 +72.3% 38.9% 500.0 +187.6% 0.61 0.70 40.0% 0.60 500.0 32.3% 400.0 0.59 400.0 30.0% +187.1% 0.50 300.0 0.40 300.0 509.8 20.0% 200.0 0.21 +183.3% 0.30 200.0 295.8 10.0% 100.0 273.1
Slide 11: R&D investment and Capital expenditure
R&D investment and Capital expenditure R&D investment1 (€ millions) Capital Expenditure (€ millions) 250.0 15.0% +26.4% 12.8% +26.7% 11.4% 13.0% 200.0 11.0% 150.0 149.0 9.0% 117.6 9.2 7.0% 271.9 100.0 6.3 5.0% 215.2 139.8 111.3 3.0% 50.0 1.0% 0.0 -1.0% Q1 2022 Q1 2023 Q1 2022 Q1 2023 Intangible asse
Slide 12: Free cash flow generation and leverage
Free cash flow generation and leverage Free cash flow1 (€ millions) Net debt (€ millions) and leverage3 3,000.0 1.4x +117.4% 1.4x 2,500.0 1.1x 1.2x 2,000.0 1.0x Exc. impl. costs paid 143.32 +90.2%2 1,500.0 0.8x 272.6 2,284.5 0.6x 1,000.0 2,026.0 0.4x 125.4 500.0 0.2x 0.0 0.0x © 2023 Amadeus IT Group
Slide 13: Annex
Annex 13 © 2023 Amadeus IT Group and its affiliates and subsidiaries
Slide 14: 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: _ EBITDA1 corresponds to
Slide 15: Thank you!
Thank you! © 2023 Amadeus IT Group and its affiliates and subsidiaries amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup 15
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