Amadeus It Group Sa Class A · BME:AMS

Amadeus It Group Sa Class A — Q3 2013 Earnings Presentation

20 slides from Amadeus It Group Sa Class A's earnings presentation, Nov 7, 2013

  1. Slide 1: Amadeus Jan - Sep 2013 Results

    © 2013 Amadeus IT Group SA Amadeus Jan - Sep 2013 Results November 7, 2013

  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: Jan - Sep 2013 Review

    © 2013 Amadeus IT Group SA Jan - Sep 2013 Review President & CEO, Mr. Luis Maroto

  4. Slide 4: Strong financial results

    Strong financial results  5.8% revenue growth in the first nine months of the year driven by:  Moderate industry growth  Market share gains, and  Successful execution of client migrations  EBITDA growth of 6.5% to €948.9 million  Improved EBITDA margin at 40.2%  Adjusted profit increased to €

  5. Slide 5: Coupled with continued execution in our business

    … coupled with continued execution in our business  Strong market share gains (+1.8 p.p.), reaching 39.9%(1) in the first nine months of 2013 Market share(1) in the Distribution business  Supported by growth in most regions, notably in the US thanks to recent contract wins 39.9% 1.8 p.p.  Continu

  6. Slide 6: Healthy growth in Distribution volumes despite the soft industry performance

    Healthy growth in Distribution volumes despite the soft industry performance Distribution Industry (% Change, year-on-year) Amadeus Bookings (m) Sep YTD: 2.4% Sep YTD: 1.3% 365.8 +5.4% 385.6 400 390 380 0 370 360 350 44.8 340 330 320 310 46.1 300 290 0 280 270 260 250 240 230 +6.6% 220 210 0 200 190

  7. Slide 7: IT Solutions continues to deliver steady growth

    IT Solutions continues to deliver steady growth Passengers Boarded (1) (m) Sep YTD 2013 Altéa PB by region +8.4% 455.5 % Volume 450 420.4 CESE, Growth 425 LatAm, 5.9% 400 93.4 WE 4.5% 375 68.2 10.9% 350 WE, 51.1% 325 300 MEA (3.7%) 275 250 225 MEA, +2.8%(2) 200 16.0% APAC 52.9% 175 352.2 362.1 150 1

  8. Slide 8: Financial Highlights

    © 2013 Amadeus IT Group SA Financial Highlights CFO, Mrs. Ana de Pro

  9. Slide 9: Group revenue growth supported by both Distribution and IT Solutions

    Group revenue growth supported by both Distribution and IT Solutions Group Revenue (€ mm) Distribution / IT Solutions Revenue (€ mm) Distribution 5.5% 5.8% 2,233.1 2,362.0 1,690.5 1,783.6 Sep YTD 2012 Sep YTD 2013 IT Solutions 6.6% 542.6 578.4 Sep YTD 2012 Sep YTD 2013 Sep YTD 2012 Sep YTD 2013  Di

  10. Slide 10: Strong growth at EBITDA and Profit level

    Strong growth at EBITDA and Profit level EBITDA (1) (€ mm) Adjusted Profit (2) (€ mm) and EPS (3) (€) Adjusted EPS 6.1% €1.15 6.5% 948.9 €1.08 890.8 511.2 6.3% 481.1 39.9% 40.2% Sep YTD 2012 Sep YTD 2013 Sep YTD 2012 Sep YTD 2013 EBITDA EBITDA margin (%) Adjusted Profit  Significant growth in our E

  11. Slide 11: R&D and Capex

    R&D and Capex Total Group R&D spend (€ mm) Total Group Capex (€ mm) 306.1 19.3% 300 29.3% 344.0 41,2 275 236.7 288.4 250 225 32,1 200 175 150 264,9 125 204,6 100 75 50 Sep YTD 2012 Sep YTD 2013 Sep YTD 2012 Sep YTD 2013 Intangible Assets Tangible Assets % Revenue 12.9% 14.6% % Revenue 10.6% 13.0% ©

  12. Slide 12: Cash flow generation and deleveraging

    Cash flow generation and deleveraging Free Cash flow(1) (€ mm) Net Debt to LTM EBITDA(2) (x) Net debt to LTM EBITDA (5.4%) 487.2 1.34x 1.10x 461.1 1,495.2 1,287.5 Sep YTD 2012 Sep YTD 2013 Dec 31, 2012 Sep 30, 2013 Net debt  Free cash flow generation of €461.1 million in the first nine months of 20

  13. Slide 13: Q3 Highlights

    Q3 Highlights © 2013 Amadeus IT Group SA

  14. Slide 14: Q3 2013 Financial Review - Volumes

    Q3 2013 Financial Review - Volumes Amadeus TA Bookings (m) Passengers Boarded (m) 6.2% 6.9% 190 171.4 121.5 161.4 113.6 170 120 13.7 15.0 9.2 14.2 150 80 130 8.4% 110 2.7%(1) 99.4 107.8 152.2 156.4 40 90 70 0 50 Q3 2012 Q3 2013 Q3 2012 Q3 2013 Air TA Bookings Non-air Bookings Like for Like 2012 and

  15. Slide 15: Q3 2013 Financial Review – Revenue

    Q3 2013 Financial Review – Revenue Group Revenue (€ mm) Distribution / IT Solutions Revenue (€ mm) Distribution 6.6% 568.0 533.1 5.9% 766.9 724.2 Q3 2012 Q3 2013 IT Solutions 4.0% 198.9 Q3 2012 Q3 2013 191.2 Q3 2012 Q3 2013 © 2013 Amadeus IT Group SA  Group revenue growth of 5.9%, based on 6.6% and

  16. Slide 16: Q3 2013 Financial Review - EBITDA and Profit

    Q3 2013 Financial Review - EBITDA and Profit EBITDA (1) (€ mm) Adjusted Profit (2) (€ mm) and EPS (3) (€) Adjusted EPS (3) 8.0% €0.34 €0.36 7.0% 303.0 283.3 8.6% 161.6 148.8 39.1% 39.5% Q3 2012 Q3 2013 Q3 2012 Q3 2013 EBITDA EBITDA margin (%)  Significant growth in our group EBITDA  Adjusted profi

  17. Slide 17: Support materials

    Support materials © 2013 Amadeus IT Group SA

  18. Slide 18: Key Performance Indicators

    Key Performance Indicators Sep YTD 2012 (1) Sep YTD 2013 % Change Volumes GDS Industry Growth (%) 2.4% 1.3% Amadeus Air Bookings (m) 319.7 340.8 6.6% Passengers Boarded (PB) (m) 420.4 455.5 8.4% Financial Results (€mm) Revenue 2,233.1 2,362.0 5.8% EBITDA 890.8 948.9 6.5% Adjusted (2) profit 481.1 51

  19. Slide 19: Air traffic growth

    Air traffic growth Air Traffic (1) Growth in Q3 2013 (% Growth) Air Traffic (1) Growth at Sep YTD 2013 (% Growth) 0 0 0 0 0 0 0 0 0 10,2% 0 11,0% 0 0 0 6,0% 9,1% 0 6,8% 0 0 7,2% 6,6% 6,1% 0 0 0 5,8% 0 5,0% 0 4,3% 0 0 0 3,5% 0 2,2% 0 2,0% 0 0 0 0 0 0 0 0 Africa APAC Europe LatAm Middle East North Tot

  20. Slide 20: Amadeus - Your technology partner

    AMADEUS Your technology partner

Amadeus IT Group — Q3 2013 Earnings Presentation on 6ix