Amadeus It Group Sa Class A · BME:AMS

Amadeus It Group Sa Class A — Merger or Acquisition (August 2018)

16 slides from Amadeus It Group Sa Class A's merger presentation, August 2018

  1. Slide 1: Acquisition of TravelClick

    Acquisition of TravelClick Creating a Hospitality leader Luis Maroto – President & CEO Francisco Pérez-Lozao – SVP SGB Ana de Pro - CFO August 2018 © 2018 Amadeus IT Group and its affiliates and subsidiaries

  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: Transaction overview

    Transaction overview Founded in 1985 and based in New York, TravelClick is a global hospitality solutions Amadeus announces an acquisition provider. in Hospitality  2017 Revenue: $373m  2017 EBITDA1: $86m Key terms  Amadeus has agreed to acquire 100% of TravelClick, for $1,520 million. © 2018 Ama

  4. Slide 4: Amadeus Hospitality strategy

    Amadeus Hospitality strategy In a journey to become the end-to-end IT solutions provider of reference to the hospitality industry HOSPITALITY © 2018 Amadeus IT Group and its affiliates and subsidiaries 2013 2014 2015 2017 2018 Estimated number of 18,200 20,100 22,300 26,000 53,0001 unique properties

  5. Slide 5: Transaction rationale

    Transaction rationale Accelerates Amadeus Hospitality strategy Mid-term potential pivots around synergies  Today, Amadeus mainly addresses the higher end of from product and segment expansion the market with an offer based on Central  Cross-sell Amadeus PMS, S&C, SO and Payments to Reservations Sy

  6. Slide 6: TravelClick highlights

    TravelClick highlights Seamlessly integrated portfolio of cloud-based SaaS solutions: CRS, Revenue split by geography GMS, BI and media solutions. LATAM, 7% NORAM, 57% APAC, Global footprint with presence in over 176 countries - 1,100 13% employees, including team of sellers and account managers of

  7. Slide 7: The Hospitality industry

    The Hospitality industry 2017 187,374 17.2m 26%  Through TravelClick, we acquire an immediate 47% positioning in the independent segment and 12% enhance our capabilities to grow in the middle chain segment. 22%  The middle chain and independent hotel 62% segments together account for 74% and 53% o

  8. Slide 8: Amadeus Hospitality platform strategy

    Amadeus Hospitality platform strategy Fragmentation of technology creates an opportunity for an IT platform strategy. Our objective is to address the different needs of the various customer segments  Single-instance, seamlessly integrated cloud platform, data and  Large chain customers to ’’pick a

  9. Slide 9: Amadeus Hospitality addressable market opportunity

    Amadeus Hospitality addressable market opportunity 2017 2017 (PF TravelClick) Segment Segment(2) Top-end Top-end Independent Independent Product Mid-chains Product Mid-chains Presence portfolio portfolio(2) Limited presence Distribution Guest Distribution Guest & Marketing interaction & Marketing in

  10. Slide 10: Amadeus Hospitality recap and outlook

    Amadeus Hospitality recap and outlook Accelerate Amadeus Hospitality strategy We expect Amadeus Plan to integrate Revenue Hospitality to continue to TravelClick into Amadeus synergies from support NBU double-digit Hospitality new customer segments and growth rates in the mid- term © 2018 Amadeus IT

  11. Slide 11: Valuation and proforma combined P&L

    Valuation and proforma combined P&L TravelClick Valuation  Enterprise value of $1,520 million.  Valuation multiples:  23.6x 2017 FCF1  17.6x 2017 EBITDA2 PF combined P&L H1 2018 LTM 3 2017 + 4 SA its affiliates and subsidiaries Revenue €4,739m $373m €5,059m EBITDA €1,942m $86m2 €2,016m 1. FCF -

  12. Slide 12: Financing and leverage

    Financing and leverage  100% debt-financed transaction.  Amadeus’ acquisition of TravelClick will result in proforma leverage for Amadeus of 1.7x H1 2018 LTM EBITDA1.  Amadeus expects to be close to or within its targeted leverage range of 1.0x-1.5x by the end of the year. Amadeus TravelClick Pro

  13. Slide 13: Appendix

    Appendix 13 © 2018 Amadeus IT Group and its affiliates and subsidiaries

  14. Slide 14: TravelClick offers a wide range of Hospitality solutions

    TravelClick offers a wide range of Hospitality solutions CRS / GMS Media solutions BI solutions SaaS reservations distribution platform Media solutions generate customer Hotels require BI reports for decision enabling hotels bookings through: booking demand for hotels making  OTAs  Build and distr

  15. Slide 15: Glossary

    Glossary _ BI: Business Intelligence _ CAGR: Compound Annual Growth Rate _ CMS: Content Management System _ CRS: Central Reservation System _ ECB: European Central Bank _ ERP: Enterprise Resource Planning _ GAAP: Generally Accepted Accounting Principles _ GDS: Global Distribution System _ GMS: Guest

  16. Slide 16: Thank you!

    Thank you! © 2018 Amadeus IT Group and its affiliates and subsidiaries amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup

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