Amadeus It Group Sa Class A · BME:AMS

Amadeus It Group Sa Class A — Q1 2011 Earnings Presentation

21 slides from Amadeus It Group Sa Class A's earnings presentation, May 9, 2011

  1. Slide 1: Amadeus Q1 2011 Results

    Amadeus Q1 2011 Results 9 May 2011 © 2011 Amadeus IT Group SA

  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: Recent Industry Performance

    Recent Industry Performance International Air Traffic (1) (% Change, year-on-year) GDS bookings (% Change, year-on-year) 9.6% 9.5% 8.6% 8.7% 7.6% 7.7% 7.1% 5.9% 4.4% 1.6% Q1'10 Q2' 10 Q3' 10 Q4' 10 Q1' 11 Q1 '10 Q2 '10 Q3 '10 Q4 '10 Q1 '11 5.9% traffic growth in Q1 2011 despite a lower 3.8% Reduced

  4. Slide 4: Distribution Q1 2011 Highlights: Sustained growth in booking volumes

    Distribution Q1 2011 Highlights: Sustained growth in booking volumes Amadeus TA Bookings (m) Q1 2011 Amadeus air TA bookings by region 4.3% % Volume 124.7 Growth NA, 9.8% 119.5 120 16.1 LatAm, 6.2% WE, 50.2% WE 3.9% 15.7 100 APAC, CESE 5.0% 80 13.4% +4.5% MEA 3.1% 60 103.9 108.6 40 MEA, 11.0% APAC 4

  5. Slide 5: IT Solutions Q1 2011 Highlights

    IT Solutions Q1 2011 Highlights: Supporting a year of continued growth and visibility Contracted and Migrated airlines (1) Passengers Boarded (2) (m) 109 110 +38.8% 94 100 92 94 97 67.7 26.5 75 70 1.1 50 +6.0% 63.6 67.4 25 0 March 31, 2010 Dec 31, 2010 March 31, 2011 Mar YTD 2010 Mar YTD 2011 Contra

  6. Slide 6: Q1 2011: Selected Operating Highlights

    Q1 2011: Selected Operating Highlights Distribution IT Solutions Signature of long-term content agreements with Singapore Airline IT Airlines, Brussels Airlines and eight further airlines Continued track record of growth and delivery in the period: Significant progress in contracting and implementin

  7. Slide 7: Q1 2011 Financial Review

    Q1 2011 Financial Review: Revenue Growth and Profitability levels in line with expectations Distribution (€ mm) IT Solutions (€ mm) +49.3% 70.0% +71.3% +47.1% +2.8% 150.9 +2.8% 553.5 538.2 146.8 +4.7% 7.8% 107.6 102.8 253.4 273.0 March YTD 2010 (1) March YTD 2011 (1) March YTD 2010 (1) March YTD 201

  8. Slide 8: Group Net Indirect Fixed Costs

    Group Net Indirect Fixed Costs Net Indirect fixed costs (1) (€ mm) +7.0% 89.2 83.3 March TYD 2010 March YTD 2011 © 2011 Amadeus IT Group SA Gross indirect costs growth driven by negative FX impact, inflation, increased efforts in R&D (e.g. TPF decommissioning) and indirect impact of overall group ex

  9. Slide 9: Research & Development and Capital expenditure

    Research & Development and Capital expenditure Total Group R&D spend (€ mm) Total Group Capex (€ mm) +13.9 % 73.3 64.3 10.3 11.1 +23.9% 85.1 68.7 63.0 53.3 March YTD 2010 March YTD(1)2011 March YTD 2010 March YTD 2011 Intangible Assets Tangible Assets % revenue (1) 10.0% 12.1% % revenue (1) 9.4% 10.

  10. Slide 10: Group EBITDA

    Group EBITDA(1) Contribution to EBITDA growth in Q1 2011 (€ mm) 6.8% 4.8 19.7 (5.8) 272.8 291.4 (1) (1) Q1 2010 EBITDA Contri buti on Ma rgi n Contri buti on Ma rgi n IT Indi rect cos ts a nd Q1 2011 EBITDA Di s tri buti on Sol uti ons capi ta l i za ti ons & RTC % Revenue (1) 39.7% 41.2% © 2011 Ama

  11. Slide 11: Free cash flow generation and Leverage

    Free cash flow generation and Leverage Pre-tax free cash flow(1) (€ mm) Covenant Net debt / LTM EBITDA(2) 298.6 (26.2)% 220.2 82.6 3.6x 3.3x 2.9x 2.7x 300.3 2.5x 280.3 2.4x (64.3) (73.3) Dec. 2009 Mar. 2010 June. 2010 Sept. 2010 Dec. 2010 Mar. 2011 (6.8) Net debt (in € mm) EBITDA Capex Change in WC

  12. Slide 12: Sale of Opodo

    12 Sale of Opodo © 2011 Amadeus IT Group SA

  13. Slide 13: Sale of Opodo – Regulatory Process Update

    Sale of Opodo – Regulatory Process Update On February 9, 2011, Amadeus and a consortium formed by Axa Private Equity and Permira Funds reached an agreement for the sale of Opodo, for an enterprise value of c.€450 mm The transaction is subject to approval from competition authorities Form CO (notific

  14. Slide 14: Opodo Q1 2011 Financial Review

    Opodo Q1 2011 Financial Review: Significant Revenue Growth and Sustained Profitability Opodo (€ mm) +28.1% +27.2% +22.2% 32.6 26.7 18.3% 8.9 7.5 March YTD 2010 (1) March YTD 2011(1) Revenue EBITDA EBITDA Margin % +X.X% Growth rate (year-on-year) © 2011 Amadeus IT Group SA Strong growth in revenue, d

  15. Slide 15: Refinancing Process

    15 Refinancing Process © 2011 Amadeus IT Group SA

  16. Slide 16: Refinancing Process Update

    Refinancing Process Update Existing debt structure inherited from an LBO structure Refinancing key objectives: Optimization of capital structure Cost reduction Increased flexibility No restrictions on advanced repayment or pre-cancellation in our existing debt arrangements Thorough analysis undertak

  17. Slide 17: Support materials

    Support materials © 2011 Amadeus IT Group SA

  18. Slide 18: Reconciliation of segment reporting

    Reconciliation of segment reporting Reconciliation of Contribution and EBIT (€mm) (1) (1) March YTD 2010 March YTD 2011 % Change Contribution margin 356.1 380.6 6.9% of which, Distribution 253.4 273.0 7.8% of which, IT Solutions 102.8 107.6 4.7% Indirect fixed costs (96.4) (106.6) 10.6% (2) Indirect

  19. Slide 19: Key Performance Indicators

    Key Performance Indicators March YTD 2010(1) March YTD 2011(1) % Growth Volumes Total GDS Industry Growth (%) 9.6% 1.6% Total Amadeus Air TA 119.5 127.5 4.3% Bookings (m) Passengers Boarded 67.7 94 38.8% (PB) (m) Financial Results Revenue from 685 704.3 2.8% continuing operations (2) EBITDA from con

  20. Slide 20: Extraordinary Costs Related to the IPO and the sale of Opodo

    Extraordinary Costs Related to the IPO and the sale of Opodo Q1 2010 Q1 2011 Personnel and related expenses (1) 0.0 (5.2) Other operating expenses (2) (3.5) 1.2 Total Impact on Profit before Taxes (3.5) (4.0) Income taxes 1.1 1.2 Total impact on Profit for the period (2.4) (2.8) from continuing oper

  21. Slide 21: Your technology partner

    AMdaDEUS Your technology partner

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