Amadeus It Group Sa Class A · BME:AMS

Amadeus It Group Sa Class A — Merger or Acquisition (April 2014)

9 slides from Amadeus It Group Sa Class A's merger presentation, Apr 3, 2014

  1. Slide 1: i:FAO Acquisition Investor Presentation

    i:FAO Acquisition Investor Presentation © 2014 Amadeus IT Group SA April 3rd, 2014 1

  2. 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 of

  3. Slide 3: Background: Amadeus' strategy in the Corporate Travel IT space

    Background Amadeus’ strategy in the Corporate Travel IT space _ Amadeus’ long-term goal is to offer an integrated travel solution for corporations on a global scale • Corporations increasingly demand end-to-end IT solutions to optimise travel management • Corporate travel programs go beyond searchin

  4. Slide 4: Transaction overview

    Transaction overview i:FAO a leading provider of end-to-end Corporate Travel IT solutions _ Transactions details • Implied EV of €67.2m • Tender offer conditional upon a minimum 75% acceptance • 100% cash financed • Subject to customary regulatory approvals • Immediately accretive cash transaction _

  5. Slide 5: Strong Transaction Rationale

    Strong Transaction Rationale i:FAO a leading provider of end-to-end Corporate Travel IT solutions _ Increases our footprint in the fast-growing corporate travel IT market • Allowing Amadeus to accelerate its growth strategy _ Leading presence in key European markets • Leading solution in Germany and

  6. Slide 6: i:FAO highlights

    i:FAO highlights A leading, differentiated offering provider to corporations with a solid track-record _ Key financials: revenues and EBITDA of €14.4m and €4.6m, respectively, with 32% EBITDA margin. Unlevered _ Attractive track record of growth and profitability: 05-13 revenues and EBITDA of 11.1%

  7. Slide 7: Valuation

    Valuation i:FAO a leading provider of end-to-end Corporate Travel IT solutions _ Tender-offer at €15.0 per share _ Implied enterprise value of €67m _ FCF(1) valuation multiple of 13.4x 2014E (analyst consensus(2)) _ Financed 100% with cash © 2014 Amadeus IT Group SA (1) FCF defined as EBITDA less ca

  8. Slide 8: Expected timing and next steps

    Expected timing and next steps i:FAO a leading provider of end-to-end Corporate Travel IT solutions _ Tender offer launch (mid-April) _ BaFin(1) review period (+2 weeks) _ Acceptance period (+4 - 8/10 weeks) _ Regulatory approvals (in parallel) _ Expected completion 2H 2014 © 2014 Amadeus IT Group S

  9. Slide 9: Thank you

    Thank you © 2014 Amadeus IT Group SA You can follow us on: AmadeusITGroup investors.amadeus.com

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