Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Q1 2024 Earnings Presentation
15 slides from Amadeus It Group Sa Class A's earnings presentation, May 8, 2024
Slide 1: January-March 2024 Results
May 8, 2024 2024 Results January-March 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
Luis Maroto Review President & CEO Operating 3 © Amadeus IT Group and its affiliates and subsidiaries
Slide 4: Q1 2024 Highlights
Q1 2024 Highlights • Revenue €1,496 million, +14% Amadeus Investor Day – Double-digit growth across our segments June 18, 2024 - London5 • EBITDA €582 million1, +14%1 Amadeus senior leadership team to – Stable EBITDA margin provide strategic update across Amadeus businesses and views on • EBIT €422
Slide 5: Air Distribution
Air Distribution Q1 2024 Air Distribution revenue +12.6% Developments Amadeus bookings (millions) • Renewed / signed 16 distribution agreements. • China Eastern Airlines becomes first in China’s Mainland to sign for international NDC +2.8% distribution through Amadeus Travel Platform. • Thai Airways
Slide 6: Air IT Solutions
Air IT Solutions Q1 2024 Air IT Solutions revenue +17.0% Developments Amadeus PB (millions) Airline IT • British Airways signed for Amadeus Nevio, a new portfolio of modular solutions built on +16.3% 476.4 open and AI technology, to deliver on the airline’s Offer and Order strategic goals. 409.5 17.
Slide 7: Hospitality & Other Solutions (HOS)
Hospitality & Other Solutions (HOS) Q1 2024 HOS revenue +13.2% Developments and Performance • Q1 2024 HOS revenue: +13.2% vs. Q1 2023. • Both Hospitality and Payments delivered strong growth vs. Q1 2023, supported by new customer implementations and volume expansion. Hospitality © Amadeus IT Group a
Slide 8: Financial Highlights
CFO Till Streichert 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: +14.1% in Q1 2024 vs. Q1 2023, driven by strong performances across segments. Air Distribution revenue: +12.6% in Q1 2024 vs. Q1 2023, driven by our bookings’ evolution (+2.8%) and a 9.5% higher revenue per booking than in Q1
Slide 10: EBITDA/EBIT and Adjusted profit
EBITDA/EBIT and Adjusted profit EBITDA1 and EBIT1 (€millions) 40.0% Adj. Profit1,2 (€ millions) / Adj. EPS1,2 (€) 1,000.0 800.0 38.9% 38.9% 35.0% 900.0 +18.8% 2.10 28.2% 800.0 600.0 27.0% 30.0% 700.0 1.60 25.0% +14.2% 582.0 600.0 1.10 400.0 509.8 20.0% 500.0 0.61 +22.3% 0.74 © Amadeus IT Group and i
Slide 11: R&D investment and Capital expenditure
R&D investment and Capital expenditure R&D investment (€millions) Capital Expenditure1 (€millions) 400.0 +8.6% 350.0 +6.8% 16.0% 14.0% 300.0 11.3% 10.6% 12.0% 250.0 © Amadeus IT Group and its affiliates and subsidiaries 10.0% 295.3 200.0 148.5 158.6 8.0% 271.9 150.0 8.8 12.5 6.0% 100.0 4.0% 50.0 139
Slide 12: Free cash flow generation and Leverage
Free cash flow generation and Leverage Free cash flow1 (€millions) Net debt (€millions) and leverage2 +23.1% 3,000.0 1.1x 1.2x 1.0x 1.0x 2,500.0 © Amadeus IT Group and its affiliates and subsidiaries 0.8x 2,000.0 0.6x 1,500.0 2,460.0 336.1 1,000.0 2,140.6 0.4x 273.1 500.0 0.2x 0.0 0.0x Q1 2023 Q1 20
Slide 13: Alternative Performance Measures
Alternative Performance Measures This document includes unaudited Alternative Performance Measures, such as EBITDA, net financial debt as defined by our credit facility agreements, adjusted profit, Free Cash Flow, R&D investment and their corresponding ratios. These Alternative Performance Measures
Slide 14: Key terms
Key terms • “ACRS”: stands for “Amadeus Central Reservation System” • “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 “Business-to-business” • “CRS”: stands for “Central
Slide 15: Thank you
Amadeus. It’s how travel works better. Thank you 15 © Amadeus IT Group and its affiliates and subsidiaries