Slide 1: H1 2026 Results
July 31, 2026 H1 2026 Results 1 © Amadeus IT Group and its affiliates and subsidiaries © 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: H1 2026 Highlights
Luis Maroto, President & CEO H1 2026 Highlights 3 © Amadeus IT Group and its affiliates and subsidiaries
Slide 4: Headlines
Headlines • 5%1 revenue growth, challenging operating environment ‒ Diversified business provides resilience against volume impact ‒ Solid unitary revenue growth ‒ Hospitality & Payments healthy evolution • Continued commercial momentum across businesses © Amadeus IT Group and its affiliates and sub
Slide 5: Amadeus' strategic position drives commercial momentum
Amadeus’ strategic position drives commercial momentum Leading the airline retailing transformation Becoming the IT provider of reference in Hospitality of Global Passengers of Top 50 Airlines on of Altéa PB in a Nevio #1 CRS provider to hospitality³ €13.6 Bn addressable market⁴ 46% Boarded¹ +50% Am
Slide 6: Advancing our role as the neutral orchestrator in an AI-enabled travel ecosystem
Advancing our role as the neutral Trusted system of record orchestrator in an AI-enabled Amadeus is not a standalone application or a point solution. We are travel ecosystem the single source of truth. We operate as the trusted, neutral and embedded execution layer for the travel industry. Q2 Miles
Slide 7: Financial highlights
Carol Borg, Chief Financial Officer Financial highlights 77 © Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries
Slide 8: H1 2026 Financial highlights
H1 2026 Financial highlights Revenue Adjusted EBIT2 Adjusted diluted Free cash flow2,3 €3,335 million, +2% €1,012 million, +4% EPS2 €472 million © Amadeus IT Group and its affiliates and subsidiaries +5% at cc1 +5% at cc1 €1.75, +7% at cc1 +1% Diluted EPS R&D investment €500 million €1.64 €682 milli
Slide 9: H1 2026 Group revenue evolution
H1 2026 Group revenue evolution €millions, % change versus H1’25 +8.7%1 +9.2%1 +1.1%1 +5.1%1 +2.3% 99 47 18 (90) © Amadeus IT Group and its affiliates and subsidiaries 3,260 3,425 3,335 H1 2025 Air IT Hospitality & Air H1 2026 at cc FX H1 2026 Solutions Other Solutions Distribution Strong Air IT Sol
Slide 10: H1 2026 Adjusted EBIT evolution
H1 2026 Adjusted EBIT1 evolution €millions, % change versus H1’25 % margin +2.3% +2.2% (0.1%) +6.4% +4.0% +4.9%2 1 9 75 (17) (19) © Amadeus IT Group and its affiliates and subsidiaries 973 1,012 1,021 29.8% 30.3% 29.8% H1 2025 Revenue Cost of Fixed D&A H1 2026 FX H1 2026 at cc revenue costs • Cost o
Slide 11: Air IT Solutions
Air IT Solutions PB evolution H1 Performance 4.0% 1.1% • 8.7% revenue growth1, demonstrating resilience of revenue streams not linked to PB evolution 2.2% 3.1%11 • Robust 7.5%1 revenue per PB performance (0.6%) – Continued strong upselling Q3'25 Q4'25 Q1'26 Q2'26 H1'26 © Amadeus IT Group and its aff
Slide 12: Hospitality & Other Solutions
Hospitality & Other Solutions Revenue evolution (cc1) H1 Performance • 9.2% revenue growth1 • New customer implementations and increased transaction volumes across Hospitality and Payments 13.9% 9.4% 9.8% 8.5% 9.2% – Hospitality: CRS and Hotel Distribution strong performance © Amadeus IT Group and i
Slide 13: Air Distribution
Air Distribution Booking evolution H1 Performance 4.0% 3.3% • 1.1% revenue growth1 (0.2%) • Continued strong revenue per booking expansion (+5.1%1 in H1, supported by continued positive pricing (3.7%) dynamics) (7.6%) © Amadeus IT Group and its affiliates and subsidiaries Q3'25 Q4'25 Q1'26 Q2'26 H1'
Slide 14: H1 2026 R&D investment
H1 2026 R&D investment1 50% Expansion and evolution of our portfolio • Infusing AI and developing AI capabilities across our portfolio • Amadeus Nevio and Navitaire Stratos • Hospitality platform • NDC technology © Amadeus IT Group and its affiliates and subsidiaries • Airport IT €682m • Payment sol
Slide 15: H1 2026 Free cash flow and Net debt / Leverage
H1 2026 Free cash flow1 Net debt1 / Leverage2 €millions, % change versus H1’25 €millions, at month-end Leverage 436 +4.6% (16.8%) +24.4% +27.4% +82.9% 0.8% 51 24 © Amadeus IT Group and its affiliates and subsidiaries © Amadeus IT Group and its affiliates and subsidiaries 66 (61) 834 (37) 58 (472) (2
Slide 16: 2026 Outlook
2026 Outlook The challenging Middle East situation means short-term impacts are difficult to predict (A) Provided at FY2025 (B) Current views Global air traffic growth assumption1 +4.5% +2% Group revenue growth2 High single-digit Mid to high single-digit Adjusted EBIT3 margin2 Stable Unchanged © Ama
Slide 17: Appendix
Appendix 17 © Amadeus IT Group and its affiliates and subsidiaries
Slide 18: IFRS Consolidated income statement
IFRS Consolidated income statement €millions, unless otherwise stated Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change Revenue 1,652.4 1,627.8 1.5% 3,334.9 3,260.0 2.3% Cost of revenue (390.7) (389.5) 0.3% (818.7) (801.3) 2.2% Personnel and related expenses (490.9) (506.9) (3.2%) (983.5) (1,004.3) (2.1
Slide 19: IFRS Consolidated statement of financial position
IFRS Consolidated statement of financial position €millions, unless otherwise stated Jun 30, 2026 Dec 31, 2025 Change Goodwill 4,010.6 3,912.1 98.6 Intangible assets 4,364.3 4,344.1 20.2 Property, plant and equipment 234.9 241.3 (6.4) Rest of non-current assets 507.7 493.8 13.9 © Amadeus IT Group an
Slide 20: IFRS Consolidated statement of cash flows
IFRS Consolidated statement of cash flows €millions, unless otherwise stated Q2 2026 Q2 2025 Change H1 2026 H1 2025 Change Operating income 468.4 476.3 (1.7%) 943.2 938.1 0.6% Depreciation and amortization 187.6 171.3 9.5% 365.3 337.9 8.1% Operating income before changes in operating assets and 656.
Slide 21: Segment reporting
Segment reporting €millions, unless otherwise stated H1 2026 H1 2025 Change Air IT Solutions revenue 1,206.8 1,136.0 6.2% Hospitality & Other Solutions revenue 543.4 516.0 5.3% Air Distribution revenue 1,584.7 1,608.0 (1.5%) Group Revenue 3,334.9 3,260.0 2.3% © Amadeus IT Group and its affiliates an
Slide 22: Alternative Performance Measures
Alternative Performance Measures • EBITDA corresponds to Operating income plus Depreciation and amortization plus adjustments to exclude effects that affect the comparability of the current period to the same period of the previous year. EBITDA margin is the percentage resulting from dividing EBITDA
Slide 23: Reconciliations of APMs to IFRS figures – Income Statement
Reconciliations of APMs to IFRS figures – Income Statement €millions, unless otherwise stated Q2 2026 Q2 2025 H1 2026 H1 2025 Operating income 468.4 476.3 943.2 938.1 Depreciation and amortization 187.6 171.3 365.3 337.9 One off cloud migration related costs 8.4 0.0 17.3 0.0 M&A acquisition-related
Slide 24: Reconciliations of APMs to IFRS figures – Income Statement
Reconciliations of APMs to IFRS figures – Income Statement €millions, unless otherwise stated Q2 2026 Q2 2025 H1 2026 H1 2025 Profit attributable to owners 343.7 372.2 700.7 727.4 PPA amortization (after tax) 11.3 12.0 22.6 24.3 Impairments (after tax) 8.1 1.2 8.8 1.2 FX gains (losses) (after tax) 2
Slide 25: Reconciliations of APMs to IFRS figures
Reconciliations of APMs to IFRS figures (€millions) Reconciliation of net debt Jun 30, 2026 Dec 31, 2025 Current debt 1,066.7 684.1 Non-current debt 2,540.3 2,544.3 Financial debt per consolidated financial statements 3,607.4 3,228.4 Operating lease liabilities (113.3) (116.8) Interest payable (28.0
Slide 26: Key terms
Key terms • “ABC”: stands for “Automated Border Control” • “GDS”: stands for “Global Distribution System” • “ACRS”: stands for “Amadeus Central Reservation System” • “HOS”: refers to our operating segment Hospitality & Other • “ACUS”: stands for “Airport Cloud Use Service” Solutions • “AD”: refers t
Slide 27: Thank you.
Thank you. © Amadeus IT Group and its affiliates and subsidiaries