Slide 1: First quarter 2025 Results
May 8, 2025 First quarter 2025 Results CONFIDENTIAL © 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: Operating Review
Operating Review © Amadeus IT Group and its affiliates and subsidiaries Luis Maroto, President & CEO Decius Valmorbida, President of Travel Unit Francisco Pérez-Lozao, President of Hospitality Carol Borg, Chief Financial Officer 3
Slide 4: Q1 2025 Financial highlights
Q1 2025 Financial highlights An ambition to connect the entire global travel ecosystem • Revenue +9% – Resilient performance across our segments: Delivering on our strategies – Air Distribution +8% • AD: strengthening our leadership in airline distribution by – Air IT Solutions +11% becoming the und
Slide 5: Air Distribution
Air Distribution Q1 2025 Air Distribution revenue +8% Leading enabler of airline indirect distribution Amadeus bookings (millions) • Renewed / signed 12 distribution agreements. • Becoming the undisputed leader in NDC content aggregation for airlines and travel +2.5% sellers: – 70+ airline NDC agree
Slide 6: Air IT Solutions
Air IT Solutions Q1 2025 Air IT Solutions revenue +11% Leading the airline retailing transformation Amadeus PB (millions) Airline IT • Upselling: IndiGo (Amadeus Segment Revenue Management Flex), FLYONE (Amadeus +5.5% Segment Revenue Management Flex, Digital Experience Suite and dynamic pricing solu
Slide 7: Hospitality & Other Solutions (HOS)
Hospitality & Other Solutions (HOS) Q1 2025 HOS revenue +11% Becoming the IT provider of reference in hospitality • Q1 2025 HOS revenue: +11% vs. Q1 2024. • Hospitality and Payments delivered healthy growth vs. prior year, supported by new customer implementations and volume expansion. Hospitality ©
Slide 8: Financial Highlights
Luis Maroto, President & CEO Financial Highlights © Amadeus IT Group and its affiliates and subsidiaries
Slide 9: Revenue evolution by segment
Revenue evolution by segment Group revenue (€millions) • Group revenue: +9.1%, driven by revenue expansion across segments. +7.8% ex. FX. • Air Distribution revenue: +7.5%, driven by our bookings’ evolution (+2.5%) and a 4.8% higher revenue per booking, primarily resulting from positive pricing effe
Slide 10: EBITDA, Adjusted EBIT and Adjusted profit
EBITDA, Adjusted EBIT and Adjusted profit1 EBITDA and Adjusted EBIT1 (€millions) Adjusted Profit (€m)/Adjusted EPS1 (€) 40.0% 0.90 1,000.0 38.9% 38.5% +11.0% 0.82 35.0% 1,000.0 0.74 0.81 0.80 800.0 29.1% 29.3% 30.0% 800.0 0.72 +12.2% 0.70 0.60 628.3 600.0 581.4 +8.1% 25.0% 600.0 0.50 © Amadeus IT Gr
Slide 11: Free cash flow generation and capital expenditure
Free cash flow generation and capital expenditure 1,000.0 Free cash flow (€millions) 900.0 800.0 Capital expenditure (€millions) 1,200.0 18.0% 16.0% 700.0 1,000.0 12.7% 14.0% 600.0 10.6% 12.0% 800.0 500.0 10.0% 400.0 (22.1%) 600.0 +30.9% © Amadeus IT Group and its affiliates and subsidiaries 8.0% 30
Slide 12: 2025 Outlook excluding FX effects - unchanged
2025 Outlook excluding FX effects - unchanged (A) Provided at FY 2024 (@ 1.04 USD/€) (B) Stated at constant currency Outlook Group revenue: €6.69–€6.94 billion (9.0%-13.0%) Group revenue: €6.60–€6.84 billion (7.4%-11.4%) EBITDA: €2.49–€2.61 billion (7.0%-12.3%) EBITDA: €2.46–€2.58 billion (5.7%-11.0
Slide 13: Appendix
Appendix CONFIDENTIAL 13 © Amadeus IT Group and its affiliates and subsidiaries
Slide 14: IFRS Consolidated income statement
IFRS Consolidated income statement €millions, unless otherwise stated Q1 2025 Q1 2024 Change Revenue 1,632.2 1,496.3 9.1% Cost of revenue (411.7) (388.1) 6.1% Personnel expenses (497.5) (440.1) 13.0% Other operating expenses (94.6) (86.8) 9.1% Depreciation and Amortization (166.5) (159.9) 4.2% Opera
Slide 15: Alternative Performance Measures
Alternative Performance Measures • EBITDA corresponds to IFRS Operating income plus Depreciation and amortization. EBITDA margin is the percentage resulting from dividing EBITDA by Revenue. • Adjusted operating income corresponds to IFRS Operating income adjusted for PPA amortization and impairments
Slide 16: Reconciliations of APMs to IFRS figures
Reconciliations of APMs to IFRS figures €millions, unless otherwise stated Q1 2025 Q1 2024 IFRS Operating income 461.8 421.5 Depreciation and amortization 166.5 159.9 EBITDA 628.3 581.4 IFRS Operating income 461.8 421.5 © Amadeus IT Group and its affiliates and subsidiaries PPA amortization 16.7 13.
Slide 17: Key terms
Key terms • “ACRS”: stands for “Amadeus Central Reservation System” • “ACUS”: stands for “Airport Cloud Use Service” • “AD”: refers to our operating segment Air Distribution • “AI”: stands for “Artificial Intelligence” • “AITS”: refers to our operating segment Air IT Solutions • “B2B”: stands for “B
Slide 18: Thank you.
Thank you. CONFIDENTIAL 18 © Amadeus IT Group and its affiliates and subsidiaries