Edreams Odigeo · BME:EDR

Edreams Odigeo — H1 FY2023 Earnings Presentation

63 slides from Edreams Odigeo's earnings presentation, Nov 15, 2022

  1. Slide 1: Results Report 1H FY2023

    RESULTS REPORT 1H FY2023 Free translation from the original document in Spanish. In the event of discrepancy, the Spanish-language version prevails

  2. Slide 2: Contents

    1. A brief look at eDreams ODIGEO and KPIs 2. Financial Performance 3. Other information 4. Condensed Consolidated Interim Financial Statements and Notes 5. Alternative Performance Measures

  3. Slide 3: A brief look at eDreams ODIGEO and KPIs

    A brief look at eDreams ODIGEO and KPIs 1.1. A brief look at 1H FY2023 eDreams ODIGEO KPIs 1.2. Results Highlights 1.3. Current Trading 1.4. Strategy Performance: One Year Post Capital Markets Day

  4. Slide 4: A brief look at 1H FY2023 eDreams ODIGEO KPIs

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  5. Slide 5: Results Highlights and Current Trading

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  6. Slide 6: eDO superior value proposition outperforms industry peers

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  7. Slide 7: Strategy Performance - One Year Post Capital Markets Day

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  8. Slide 8: Prime ARPU on track to meet FY25 guidance

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  9. Slide 9: Cash EBITDA: margins increase as Prime base matures

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  10. Slide 10: Long term fundamentals - Prime is highly value creating

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  11. Slide 11: eDO is one of its kind in profitability and growth

    1. A brief look at 1HFY23 eDreams ODIGEO and KPIs...........................................................................................................................................................................................................................................................

  12. Slide 12: Financial Performance

    Financial Performance 2.1. Business Review 2.2. Prime 2.3. Product 2.4. Geographies 2.5. KPIs 2.6. Income Statement 2.7. Balance Sheet 2.8. Cash Flow 2.9. Strong liquidity

  13. Slide 13: 2.1 Business Review

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  14. Slide 14: 2.1 Business Review

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  15. Slide 15: 2.2 Prime

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  16. Slide 16: 2.3 Product

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  17. Slide 17: 2.4 Geography

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  18. Slide 18: 2.5 KPIs

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  19. Slide 19: 2.6 Income Statement

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  20. Slide 20: 2.7 Balance Sheet

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  21. Slide 21: 2.8 Cash Flow

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  22. Slide 22: 2.9 Strong Liquidity

    2. Financial Performance....................................................................................................................................................................................................................................................................................

  23. Slide 23: Other information

    Other information 3.1. Shareholder Information 3.2. Subsequent Events

  24. Slide 24: 3.1 Shareholder Information and 3.2 Subsequent Events

    3. Other information........................................................................................................................................................................................................................................................................................

  25. Slide 25: Condensed Consolidated Interim Financial Statements & Notes

    Condensed Consolidated Interim Financial Statements & Notes For the six-month period ended 30th September 2022

  26. Slide 26: 4.1 Income Statement and 4.2 Other Comprehensive Income

    Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................

  27. Slide 27: 4.3 Statement of Financial Position

    Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................

  28. Slide 28: 4.4 Statement of Changes in Equity

    Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................

  29. Slide 29: 4.5 Cash Flows Statement

    Condensed Consolidated Interim Financial Statements.........................................................................................................................................................................................................................................................

  30. Slide 30: 4.6 Notes to the Consolidated Financial Statements

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  31. Slide 31: Future effects of COVID-19 on the Group

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  32. Slide 32: 4. Basis of Presentation

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  33. Slide 33: 6. Earnings per Share 7. Segment Information

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  34. Slide 34: Segment Information

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  35. Slide 35: 8. Revenue Margin 9. Personnel Expenses

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  36. Slide 36: Number of Employees, Depreciation, Other Operating Expenses

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  37. Slide 37: 12. Financial Income and Expense

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  38. Slide 38: 13. Goodwill

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  39. Slide 39: 14. Other Intangible Assets 15. Trade and Other Receivables

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  40. Slide 40: 16. Cash and 17. Equity

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  41. Slide 41: 17. Equity and Share-Based Compensation

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  42. Slide 42: Long-term incentive plans

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  43. Slide 43: 18.2 2019 Long-term incentive plan

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  44. Slide 44: 19. Financial Liabilities

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  45. Slide 45: Senior Notes, Government Loan, Super Senior Revolving Credit Facility

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  46. Slide 46: 19.1 Debt by maturity date

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  47. Slide 47: 19.2 Fair value measurement of debt

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  48. Slide 48: 20. Provisions 21. Trade and Other Payables

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  49. Slide 49: 22. Deferred Revenue, 23. Off-balance Sheet Commitments, 24. Related Parties

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  50. Slide 50: 24.2 Board of Directors

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  51. Slide 51: 25. Contingencies and Provisions

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  52. Slide 52: 25.5 AGCM Investigation and 25.6 Supplier Litigation

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  53. Slide 53: 26. Subsequent Events

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  54. Slide 54: 27. Consolidation Scope

    Notes to the Condensed Consolidated Interim Financial Statements............................................................................................................................................................................................................................................

  55. Slide 55: Alternative Performance Measures

    Alternative Performance Measures

  56. Slide 56: 5. Alternative Performance Measures

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

  57. Slide 57: Cash EBITDA Margin and Fixed Costs definitions

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

  58. Slide 58: Other Definitions

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

  59. Slide 59: Reconciliations of APMs

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

  60. Slide 60: Fixed costs, EBIT, EBITDA and Adjusted EBITDA reconciliation

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

  61. Slide 61: Adjusted Net Income and Cash Revenue Margin

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

  62. Slide 62: Per Booking measures

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

  63. Slide 63: Measures of Financial Position and Cash Flow

    Alternative Performance Measures............................................................................................................................................................................................................................................................................

eDreams ODIGEO — H1 FY2023 Earnings Presentation on 6ix