Amadeus It Group Sa Class A · BME:AMS
Amadeus It Group Sa Class A — Investor Day (2016)
10 slides from Amadeus It Group Sa Class A's investor day presentation, Aug 4, 2016
Slide 1: Financial Review: how we see our future, vision and strategy
Today, we have focused on how we see our future, vision and strategy. We are very excited about the market opportunity that we see for Amadeus based on our positioning, competitive advantages as well as our financial strength and execution capabilities. To complete the picture I’d now like to take y
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements about Amadeus within the meaning of applicable securities law. All statements other than historical facts included in this presentation, including, without limitation, those regarding Amadeus financial position, business strategy, unde
Slide 3: Clear vision for the travel industry
As we have explained, we have a clear vision for the travel industry. We are enlarging the scope of the solutions that we provide to travel players in all areas of the industry. In the past, our growth came from expanding our global presence in Distribution and simultaneously building a solid Airlin
Slide 4: Outlook for the near future and addressable market
So how do we see the near future? We remain confident and optimistic. We are in a unique position to benefit from growing levels of air traffic, growing ‘look-to-book’ ratios and by continuing to expand our customer base across our traditional businesses coupled with the upselling of enhanced functi
Slide 5: Expected growth 2015-2018E in Distribution and IT Solutions
Moving on to how we see things evolving over 2015-2018E: _ In Distribution, we expect to grow at a mid-single digit (3%-6%) average annual revenue growth rate, based on continued volume or yield expansion, depending on market dynamics, and slight margin dilution driven by customer mix and competitio
Slide 6: Cash flow generation growth
flow generation growth at a healthy rate, most likely between high single-digit and low-teens. This will be entirely dependent on the evolution of new business deals and their relative Capex requirements. 5
Slide 7: Opportunity in New Businesses
As we have tried to convey today, we see a very significant opportunity in our New Businesses. As you have seen, we estimate an aggregate addressable market opportunity of €11.7bn in 2018 in this area. Today our New Businesses, which include: Hospitality IT and Distribution, Airport IT, Rail IT and
Slide 8: Shareholder remuneration and capital allocation
As you know, shareholder remuneration is an important piece of our capital allocation process. Ordinary dividends paid have grown consistently every year since our IPO, at an average annual rate of 20%. We have complemented this with share repurchases. We aim to continue to support this growth in th
Slide 9: Leverage policy and excess cash generation
In terms of shareholder remuneration, going forward we are committed to maintain a ratio of 1.0 – 1.5x net debt to EBITDA. Assuming an average mid-point leverage (1.25x) with an ordinary pay- out ratio of 50%, we expect to generate excess cash of circa €1 billion in aggregate over 2015-2018E (after
Slide 10: Thank you
Thank you! Thank you. NDORENAN oe WP Shapin the future LONDON 20 INVESTOR DAY eum | AMADEUS