Slide 1: Amadeus January-September 2023 Results
Amadeus January-September 2023 Results November 7, 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: Jan-Sep 2023 Highlights
Jan-Sep 2023 Highlights _ Revenue +23% • Strong performance across our segments In € millions _ EBITDA +34%1 • Margin expansion 4,087 _ Adjusted profit2 +68%1 • Adjusted EPS2 +68%1 _ Free Cash Flow3 +50% _ Leverage 1.1x4 1,594 © 2023 Amadeus IT Group and its affiliates and subsidiaries • New share r
Slide 5: Air Distribution
Air Distribution Key Developments Amadeus bookings (millions) _ Renewed / signed 11 distribution agreements in the quarter (47 year-to-date). _ Extended partnership with Air India, to integrate Air India’s local domestic content for +15.7% travel sellers at points of sale in India, as well as, the a
Slide 6: Air IT Solutions
Air IT Solutions Key Developments Amadeus PB (millions) Airline IT _ Amadeus Nevio: new generation of better, smarter and more open airline IT solutions, offering +29.7% advanced retailing capabilities. Following Finnair, Saudia to launch Amadeus Nevio. _ Vietnam Airlines to deploy Amadeus Altéa PSS
Slide 7: Hospitality & Other Solutions (HOS)
Hospitality & Other Solutions (HOS) Developments and Performance _ Sep YTD 2023 revenue: 17.8% higher than Sep YTD 2022 levels. _ Both Hospitality and Payments delivered strong growth vs. Sep YTD 2022, supported by new customer implementations and volume expansion. _ Customer portfolio expansion: •
Slide 8: CFO Till Streichert - Financial highlights
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: +23.2% in Sep YTD 2023 vs. 2022, driven by strong performances across segments. _ Air Distribution revenue: +25.9% in Sep YTD 2023 vs. 2022, driven by the bookings’ evolution (+15.7%) and an +23.2% 8.8% higher revenue per booking than in 20
Slide 10: EBITDA and Adjusted profit
EBITDA and Adjusted profit EBITDA1 45.0% Adj. Profit1,2 (€ millions) / Adj. EPS1,2 (€) 2.30 1,800.0 +33.8% 39.0% 40.0% 1,200.0 +67.6% 1.95 1,600.0 35.9% 1,400.0 35.0% 1,000.0 +67.9% 1.90 1.80 30.0% 1,200.0 25.0% 800.0 1.16 +67.1% 1.30 1,000.0 600.0 1.14 1,593.8 20.0% 800.0 0.80 600.0 1,190.9 15.0% 4
Slide 11: R&D investment and Capital expenditure
R&D investment and Capital expenditure R&D investment1 (€ millions) Capital Expenditure (€ millions) +14.8% 12.1% +15.0% 600.0 11.3% 12.0% 500.0 462.6 10.0% 400.0 402.4 30.5 24.1 8.0% 825.1 300.0 6.0% 718.7 200.0 378.3 432.1 4.0% 100.0 2.0% 0.0 0.0% Jan-Sep 2022 Jan-Sep 2023 Jan-Sep 2022 Jan-Sep 202
Slide 12: Free cash flow generation and Leverage
Free cash flow generation and Leverage Free cash flow1 (€ millions) Net debt (€ millions) and leverage3 +49.8% 3,000.0 1.4x 1.4x 2,500.0 Exc. Tax collection 897.72 1.1x 1.2x 2,000.0 +48.6%2 1.0x Ex. Grant & 0.8x imp.costs 604.12 940.5 1,500.0 1,000.0 2,284.5 2,121.7 0.6x 627.9 0.4x 500.0 0.2x 0.0 0.
Slide 13: Annex
Annex 13 © 2023 Amadeus IT Group and its affiliates and subsidiaries
Slide 14: Key Performance Indicators
Key Performance Indicators Jul-Sep Jul-Sep Jan-Sep Jan-Sep Change Change 2023 2022 20231 20221 Amadeus bookings (m) 112.5 99.8 12.7% 348.0 300.7 15.7% Passengers boarded (m) 549.2 459.1 19.6% 1,452.8 1,119.8 29.7% Revenue (€m) 1,394.4 1,217.6 14.5% 4,086.5 3,317.4 23.2% EBITDA (€m) 547.7 450.4 21.6%
Slide 15: 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 16: Thank you!
Thank you! © 2023 Amadeus IT Group and its affiliates and subsidiaries amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup 16