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Amadeus 2018 Results February 28, 2019 © 2018 Amadeus IT Holding and its affiliates and subsidiaries
© 2018 Amadeus IT Holding and its affiliates and subsidiaries
_This presentation may contain certain statements which arenot purely historical facts, including statements about anticipated or
expected future revenue and earnings growth .Any forward -looking statements inthis presentation are based upon information
available toAmadeus onthe date ofthis presentation .Any forward -looking statements involve risks and uncertainties that could
cause actual events orresults todiffer materially from theevents orresults described intheforward -looking statements .Amadeus
undertakes noobligation topublicly update orrevise anyforward -looking statements, whether asaresult ofnew information, future
events orotherwise .Readers arecautioned nottoplace undue reliance onforward -looking statements .
_This presentation has tobeaccompanied byaverbal explanation .Asimple reading ofthis presentation without the appropriate
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© 2018 Amadeus IT Group and its affiliates and subsidiaries© 2018 Amadeus IT Group and its affiliates and subsidiariesOperating Review
© 2018 Amadeus IT Group and its affiliates and subsidiaries2018 -Profitable growth
1. Including TravelClick’s 2018 consolidation effect of: Revenue, EBITDA and Adjusted Profit contributions of €86.7m, €22.3m and €14.3m, respectively, while excluding TravelClick’s related acquisition transaction costs, PPA
adjustment and bank acquisition financing interest expense. For full details on TravelClick’s acquistion and impacts , see section 3.2 of 2018 Management Review. Also, compared to 2017 figures restated for IFRS 15 and IFRS 9,
applied from January 1, 2018. See section 3.1 of 2018 Management Review for further details. In addition, we are early adopters of IFRS 16, which we applied since January 1, 2018. 2017 figures are not restated for IFRS 16. In
2018, IFRS 16 had a positive €47.4 million impact on EBITDA. See section 3.1 of 2018 Management Review for further details .
2. Defined as EBITDA, minus capex, plus changes in our operating working capital, minus taxes paid, minus interests and financial fees p aid. Including TravelClick’s 2018 Free Cash Flow contribution of €14.8m, while excluding
TravelClick’s related acquisition transaction costs paid and TravelClick’s acquisition financing interest paid and related non -recurring fees. For full details on TravelClick’s acquistion and impacts , please see section 3.2 of 2018
Management Review._Revenue +6.6%1(Exc. FX: high single -digit growth %)
_EBITDA +9.7%1(Exc. FX & IFRS161: high single -digit growth %)
•Negative FX impact on EBITDA
•Positive FX and IFRS 161 impact on costs
•Exc. FX and IFRS 161: broadly stable margin
_Adjusted profit1+1.0%
•6.0% growth excluding positive non -recurring deferred tax
liability adjustments in 2017
_Free Cash Flow2+7.8%
Free CF201815Recent business highlights
© 2018 Amadeus IT Group and its affiliates and subsidiariesAirline Distribution
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