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Amadeus Jan –Jun 2021 Results July 30, 2021
Jan –Jun 2021 Results
July 30, 2021_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 .
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© 2021 Amadeus IT Group and its affiliates and subsidiaries
© 2021 Amadeus IT Group and its affiliates and subsidiariesQ2/H1 -Financial performance overview
4Free cash flow (€m) Adjusted profit2(€m)EBITDA1(€m) Revenue (€m)
1. Adjusted toexclude one-time costs related totheimplementation ofthecost saving program announced inQ22020 ,amounting to€19.3million (€13.9million post tax) inthefirst half of2021 (€4.2million, or€3.0million post tax, inthesecond
quarter) .Total implementation costs incurred inthefirst half of2021 amounted to€25.6million (€7.3million inthesecond quarter) .The difference relates tocosts incurred foroffice buildings and facilities, which were reported under thecapitalized
expenditure caption inthecash flow statement .Seesection 3ofJan-Jun2021 Management Review formore details .
2. Excludes after -taximpact of:(i)accounting effects derived from PPA exercises and impairment losses, (ii)non-operating exchange gains (losses), (iii)cost saving program implementation costs and (iv)other non-operating, non-recurring effects .
3. Adjusted toexclude cost saving program implementation costs paid, amounting to€2.5million inthethird quarter of2020 ,€31.6million inthefourth quarter of2020 ,€43.3million inthefirst quarter of2021 and €31.5million inthesecond quarter of
2021 .Seesection 3ofJan-Jun2021 Management Review formore details .
© 2021 Amadeus IT Group and its affiliates and subsidiaries418.6474.3 496.7624.4
Q3 2020 Q4 2020 Q1 2021 Q2 2021% Growth
vs. 2019(64.6%) (56.0%) (64.7%) (70.1%)
Q3 2020 Q4 2020 Q1 2021 Q2 2021(93.4%) (75.3%) (91.0%) (99.6%)% Growth
Q3 2020 Q4 2020 Q1 2021 Q2 2021 H1 2021(153.5) (181.9)31.4
(78.5)Free cash flow, as reported
Exc. implementation costs paid3
(125.0)(88.2) (83.1)(23.6)
Q3 2020 Q4 2020 Q1 2021 Q2 2021(132.0%) (124.9%) (138.7%)% Growth
(116.1%)(79.2%)(73.0%) (70.3%)(58.7%)
Q1 Apr May JunQ2/H1 –Improving volume performance
Amadeus volume performance continued toimprove
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