Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Amadeus It Group Sa Ord — FY2024 Earnings Presentation
22 slides from Amadeus It Group Sa Class A's earnings presentation, Feb 28, 2025
Slide 1: 2024 Results
February 28, 2025 2024 Results 1 © 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 3
Slide 4: A solid 2024
A solid 2024 An ambition to connect the entire global travel ecosystem • Revenue +13% – Double-digit growth across our segments Delivering on our strategies • EBITDA +13%1 • AD: strengthening our leadership in airline distribution by – +0.1 p.p. EBITDA margin expansion becoming the undisputed aggreg
Slide 5: Air Distribution
Air Distribution 2024 Air Distribution revenue +11% Leading enabler of airline indirect distribution 2024 Amadeus bookings growth • Renewed / signed 69 distribution agreements in 2024. • Becoming the undisputed leader in NDC content aggregation for airlines and travel sellers: – 70+ airline NDC agre
Slide 6: Air IT Solutions
Air IT Solutions 2024 Air IT Solutions revenue +16% Leading the airline retailing transformation 2024 Amadeus PB growth Airline IT • Air France-KLM contracted for Amadeus Nevio, our next-generation portfolio of modular solutions built on open and Artificial Intelligence technology, to unlock the ben
Slide 7: Hospitality & Other Solutions (HOS)
Hospitality & Other Solutions (HOS) 2024 HOS revenue +12% Becoming the IT provider of reference in hospitality • 2024 HOS revenue: +12% vs. 2023. • Hospitality and Payments delivered double-digit growth vs. prior year, supported by new customer implementations and volume expansion. Hospitality © Ama
Slide 8: Financial Highlights
Luis Maroto President & CEO Financial Highlights 8 © Amadeus IT Group and its affiliates and subsidiaries
Slide 9: Revenue evolution by segment
Revenue evolution by segment Group revenue (€millions) • Group revenue: +12.9% in 2024 vs. 2023, driven by double-digit growth across segments. • Air Distribution revenue: +10.9% in 2024 vs. 2023, driven by our bookings’ evolution (+4.7%) and +12.9% a 6.0% higher revenue per booking, resulting from
Slide 10: Segment contribution evolution
Segment contribution evolution €millions • Air Distribution contribution: +12.5%1 in 2024 vs. 2023, as a Air Distribution1 Air IT Solutions result of 10.9% revenue growth and 9.6% cost increase, mainly resulting from (i) variable cost growth, from volume growth and 71.7% 70.9% an increase in unitary
Slide 11: EBITDA, EBIT and Adjusted profit
EBITDA, EBIT and Adjusted profit EBITDA1 and EBIT1 (€millions) Adj. Profit1,2 (€ millions) / Adj. EPS1,2 (€) 4,000.0 40.0% 3.50 37.9% 38.0% 3,700.0 3,500.0 35.0% 3.30 3.09 26.6% +23.1% 3.10 25.4% 30.0% 3,200.0 3,000.0 3.00 2.90 +13.2% 25.0% 2,700.0 2,500.0 2.51 2.70 +22.7% 20.0% 2,000.0 2,335.1 2,20
Slide 12: Free cash flow generation and capital expenditure
Free cash flow generation and capital expenditure 3,000.0 Free cash flow1 (€millions) 2,500.0 Capital expenditure1 (€millions) 1,200.0 16.0% 12.5% 14.0% 11.0% 2,000.0 1,000.0 12.0% 770.3 1,500.0 +15.9% 1,334.8 800.0 +28.9% 54.9 10.0% 1,151.6 597.5 60.1 8.0% 600.0 +8.8%2 © Amadeus IT Group and its af
Slide 13: 2025 Outlook
2025 Outlook 13 © Amadeus IT Group and its affiliates and subsidiaries
Slide 14: 2025 Outlook
2025 Outlook1 Revenue : €6.69 – €6.94 billion (9%-13%) • Strong evolutions across our businesses. EBITDA : €2.49 – €2.61 billion (7%-12%) © Amadeus IT Group and its affiliates and subsidiaries • Cloud migration and cloud processing costs continue to generate cost growth in 2025. Fixed cost growth in
Slide 15: Segment generally expected dynamics in 2025
Segment generally expected dynamics in 2025 Air Distribution Air IT Solutions Hospitality & Other Solutions Revenue growth: 8.0%-11.0% Revenue growth: 9.0%-13.5% Revenue growth: 12.0%-18.0% • Booking growth, supported by air • PB evolution, driven by air traffic • Volume growth and new customer traf
Slide 16: Annex
Annex 16 Annex © 2023 Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries
Slide 17: Revenue evolution by segment
Revenue evolution by segment Group revenue (€millions) • Group revenue: +13.8% in Q4 2024 vs. Q4 2023, resulting from double-digit revenue growth across segments. +13.8% • Air Distribution revenue: +14.0% in Q4 2024 vs. Q4 2023, driven by our bookings’ evolution (+9.0%) and a 4.6% higher revenue per
Slide 18: EBITDA, EBIT and Adjusted profit
EBITDA, EBIT and Adjusted profit EBITDA1 and EBIT1 (€millions) 1,000.0 Adj. Profit1,2 (€ millions) / Adj. EPS1,2 (€) 900.0 40.0% 0.85 800.0 35.0% 800.0 34.6% 34.3% 700.0 +31.0% 0.73 30.0% 0.75 +30.6% 600.0 20.8% 25.0% 600.0 19.0% 20.0% 500.0 0.71 0.65 © Amadeus IT Group and its affiliates and subsid
Slide 19: Free cash flow generation and Leverage
Free cash flow generation and Leverage Free cash flow1 (€millions) Net debt (€millions) and leverage3 800.0 3,000.0 1.09x 1.2x 700.0 0.91x 1.0x 2,500.0 600.0 © Amadeus IT Group and its affiliates and subsidiaries 0.8x 2,000.0 500.0 0.6x 400.0 1,500.0 359.6 2,511.0 72.6% 2,111.3 300.0 Ex. non- 219.22
Slide 20: Alternative Performance Measures
Alternative Performance Measures This document includes Alternative Performance Measures, such as EBITDA, operating income, net financial debt as defined by our credit facility agreements, adjusted profit, Free Cash Flow and R&D investment, and their corresponding ratios. These Alternative Performan
Slide 21: 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 22: Thank you
Amadeus. It’s how travel works better. Thank you 22 © Amadeus IT Group and its affiliates and subsidiaries
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