AMADEUS IT HOLDING, S.A. (Amadeus o la Sociedad), de conformidad con lo previsto en el artículo 228 del Texto Refundido de la Ley del Mercado de Valores mediante el presente es-
crito comunica la siguiente
A84236934 INFORMACIÓN RELEVANTE
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Como continuación del hecho relevante de fecha 16 de marzo de 2016 (número de registro 236333) referido a la celebración del Día del Inversor el día 2 de junio de 2016, se adjuntan las presentaciones de dicho evento (información solo disponible en inglés). 371.900, INSCRIPCION 1ª 1ª INSCRIPCION 371.900,
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En Madrid, a 2 de junio de 2016.
Amadeus IT Holding, S.A. MADRID, TOMO 20.972, SECCIÓN 8ª DEL LIBRO DE SOCIEDADES, FOLIO 82, HOJA M HOJA 82, FOLIO SOCIEDADES, DE LIBRO DEL 8ª SECCIÓN 20.972, TOMO MADRID, INSCRITA EN EL REGISTRO MERCANTIL DE DE MERCANTIL REGISTRO EL EN INSCRITA
Salvador de Madariaga 1 28027 Madrid T: +34 915 820 100 Amadeus IT Holding SA Spain F: +34 915 820 188 amadeus.com
Amadeus Travel Payments Celia Pereiro Head of Payments June 2016 © 2016 © 2016 Amadeus IT Group SA Disclaimer
This presentation contains forward-looking statements about Amadeus within the meaning of applicable securities law. All statements other than historical facts included in this presentation, including, without limitation, those regarding Amadeus financial position, business strategy, underlying assumptions, management plans and objectives or future operations and contracted customers, future growth in the different business lines and market share expectations are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause Amadeus actual results, performance or achievements, or industry results, to be materially different from those expressed or implied by these forward-looking statements. These forward-looking statements are based on numerous assumptions regarding Amadeus present and future business strategies and the environment in which Amadeus expects to operate in the future. Forward-looking statements speak only as of the date of this presentation and Amadeus does not undertake to publicly update or revise these forward looking statements in case of any change in its expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. This presentation also includes certain information that has not been audited. It must be accompanied by a verbal explanation and read in conjunction with other publicly available information. A simple reading of this presentation without the appropriate verbal explanation could give rise to a partial or incorrect understanding. Neither this presentation nor any of the information contained herein constitutes an offer or a request for an offer of purchase, sale, or exchange securities, or any advise or recommendation with respect to such securities. No representation or warranty, expressed or implied, is given or will be given by or on behalf of Amadeus as to the accuracy, completeness or fairness of the information or opinions contained in this document and any reliance you place on them will be at your sole risk. In addition, no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by Amadeus, or any other person in relation to such information or opinions or any other matter in connection with this document or its contents or otherwise arising in connection therewith. © 2016 © 2016 Amadeus IT Group SA
2 1. Why does Amadeus play a unique role in the travel payments industry?
© 2016 Amadeus IT Group SA Group IT Amadeus 2016 © © 2016 © 2016 Amadeus IT Group SA
3 Payments is complex
Complex regulation Fraud Global reach
Multiple currencies Payment methods Local specificity
Manual processes Integration costs Multiple providers
Maintenance costs
Payment costs Cybercrime © 2016 © 2016 Amadeus IT Group SA
4 And travel payments are ever more complex
Intrinsically global: Delayed capture Multi-merchant: Multi-channel: in/direct cross border/global and consumption TA and airport and face-to-face/online acquiring
Specialised IT Our own regulator Our own card Our own currency scheme (miles and vouchers) © 2016 © 2016 Amadeus IT Group SA
5 Amadeus has a unique position as travel expert at the centre of the travel industry
Travel Agencies and Travel providers Corporations
6 With a differentiated positioning across its markets
Competitive differentiators Portfolio Deep integration in Connected customer Payment providers comprehensiveness payers’ selling tools base Amadeus
Payers Travel players Partly
Card Issuers
Competitive differentiators Deep integration in Payment providers Reach merchants’ selling tools Omni-channel Amadeus Merchants In-house
PSPs Partly
7 2. How are we addressing the opportunity? © 2016 © 2016 Amadeus IT Group SA
8 We help our merchants get paid
Reach
Reduce cost
One stop Merchants shop
Conversion
rate © 2016 © 2016 Amadeus IT Group SA
9 We have consolidated the Merchant Hub
Merchant banks Card acquirers Security Acceptance Alternative methods of payment Amadeus Merchant Fraud managers Merchants Hub FX providers Reconciliation Card schemes & Settlement Payment Service Providers © 2016 © 2016 Amadeus IT Group SA
10 Travel merchants and payment providers pay a transaction fee for the use of the Hub
Amadeus Merchants Merchant Payment Hub providers © 2016 © 2016 Amadeus IT Group SA
11 corporations paytravel suppliers We helptravel agencies and Payers Security Security Automation Cost of paying optimisation Cash 12
© 2016 Amadeus IT Group SA We have launched our Payer Hub
B2B Wallet Card issuers Amadeus Cash management providers Payer Hub Payers FX providers Corporate Billback
13 Payment providers pay a transaction fee for the use of the Hub
Amadeus Payer Hub Payment Payers providers
14 3. How will we continue to grow? © 2016 © 2016 Amadeus IT Group SA
15 Long-term strategy focused oninnovation Traveller experience Travel specific
Optimise settlement flow
16
© 2016 Amadeus IT Group SA results Delivering
500+ customers 192 countries
acquiring banks payment partners 400+ 50
alternative methods 250+ of payment products 16
17
© 2016 Amadeus IT Group SA Thank you! © 2016 © 2016 Amadeus IT Group SA amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup
Amadeus Airport IT John C. Jarrell Head of Airport IT June 2016
© 2016 © 2016 Amadeus IT Group SA Disclaimer
This presentation contains forward-looking statements about Amadeus within the meaning of applicable securities law. All statements other than historical facts included in this presentation, including, without limitation, those regarding Amadeus financial position, business strategy, underlying assumptions, management plans and objectives or future operations and contracted customers, future growth in the different business lines and market share expectations are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause Amadeus actual results, performance or achievements, or industry results, to be materially different from those expressed or implied by these forward-looking statements. These forward-looking statements are based on numerous assumptions regarding Amadeus present and future business strategies and the environment in which Amadeus expects to operate in the future. Forward-looking statements speak only as of the date of this presentation and Amadeus does not undertake to publicly update or revise these forward looking statements in case of any change in its expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. This presentation also includes certain information that has not been audited. It must be accompanied by a verbal explanation and read in conjunction with other publicly available information. A simple reading of this presentation without the appropriate verbal explanation could give rise to a partial or incorrect understanding. Neither this presentation nor any of the information contained herein constitutes an offer or a request for an offer of purchase, sale, or exchange securities, or any advise or recommendation with respect to such securities. No representation or warranty, expressed or implied, is given or will be given by or on behalf of Amadeus as to the accuracy, completeness or fairness of the information or opinions contained in this document and any reliance you place on them will be at your sole risk. In addition, no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by Amadeus, or any other person in relation to such information or opinions or any other matter in connection with this document or its contents or otherwise arising in connection therewith. © 2016 © 2016 Amadeus IT Group SA
2 1. Introduction
© 2016 © 2016 Amadeus IT Group SA Amadeus serves 3 customer segments with Airport IT solutions
Airports
Ground handlers
Airlines The airport triangle © 2016 © 2016 Amadeus IT Group SA
4 Top 3 airport challenges and needs
ON-TIME VISIBILITY PERFORMANCE FINANCIAL
High operational Data inaccuracy Operational costs and reduced or availability inefficiencies revenues
On-time
Lack of visibility performance Shrinking margins issues © 2016 © 2016 Amadeus IT Group SA
5 Top 3 IT investment priorities for airports
73% 40% 39% Passenger processing Baggage processing Operations
% airports considering this as high priority © 2016 © 2016 Amadeus IT Group SA Source: SITA ‘Airport IT Trends Survey 2015’
6 Why Amadeus? – Unique Selling Proposition
5 KEY DIFFERENCES
DATA CLOUD INNOVATION REPUTATION COST
_ Available in _ More flexible _ Customer feedback _ 27 years of travel _ Centralised model real-time operations drives new product industry success should lower total cost developments of ownership _ Enables improved _ Rapid product _ Successfully evolving decision-making evolution _ User Group business model _ Reduces local engagement complexity for _ Optimises resources _ Homogenous _ Airline IT expertise in airports, ground implementation of delivering centralised Sourced from handlers and airlines _ latest product versions services Amadeus and non- _ Transactional based Amadeus Successful delivery _ pricing model (SaaS) capabilities © 2016 © 2016 Amadeus IT Group SA
7 Our business model(s)
LICENSED SaaS (Software as a Service)
APT 1 APT 1 APT 2 APT 3 APT 2
APT 1
APT 4 APT 5 © 2016 © 2016 Amadeus IT Group SA
8 2. Strategy
© 2016 © 2016 Amadeus IT Group SA
9 Our goals in 2013
The Airport IT strategy was based on three key pillars:
Achieving a strong position in Departure Control 1 Services to ground handlers and airports.
Offering a full suite of Integrated IT 2 solutions and services.
Entering the Passenger Processing Systems market 3 (with a cloud-based common use solution = ACUS). © 2016 © 2016 Amadeus IT Group SA
10 Strategic pillar 1: achieving a strong position in Departure Control Services
2011 2016
1st c. 100 ground handler ground handlers customer use our DCS
Leveraging Amadeus Altéa Departure Control System
created for airlines, for the benefit of ground handlers
© 2016 © 2016 Amadeus IT Group SA
11 Strategic pillar 2: offering a suite of integrated solutions (1/2)
Passenger processing Ground handling Airport operations
© 2016 © 2016 Amadeus IT Group SA
12 Strategic pillar 2: offering a suite of integrated solutions (2/2)
Check in Board
Airport Self-Service ACUS1 Passenger FIDS2 Distribution Check-in Common use Verification Information Altéa v Baggage Reservation Reconciliation A-CDM3 Strategic Planning Altéa Resource Management Inventory Forecasting and Pre-tactical Demand Preparation Altéa 4 Sequence DCS Analysis and AODB Tactical Manager Billing Management Travel AODB for GH Intelligence & Airlines Contract & Connection Information Broker Billing Manager
Other Airport National Slot Other Airline FuroControl Systems Coordination DCS
Legend Airport “External” Passenger Altéa data 1. ACUS: Airport Common Use Service © 2016 Amadeus IT Group SA operations data 2. FIDS: Flight Information Data System 3. A-CDM: Airport Collaborative Decision Making 13 4. AODB: Airport Operational Database Strategic pillar 3: Entering the Passenger Processing Systems market with Amadeus Common-Use Service (ACUS) ACUS meets our customers’ expectations
26% reduction in passenger Infrastructure and hardware processing costs benefiting reduction helping to reduce carbon the airlines dioxide emissions and improve
environmental footprint
25% cost reduction 5,000 tons of CO2 emissions decrease to previous annually as a result of infrastructure CUTE/CUPPS1 and hardware reduction
service © 2016 Amadeus IT Group SA
1. CUTE: Common Use Technical Equipment. CUPPS: Common Use Passenger Processing System 14
Airport IT life: a summary of milestones achieved
2011 2012 2013 2014 2015
Airport IT is 20 ground 55 ground M&A UFIS M&A Air IT founded handlers became handlers use Airport Solutions our customers Altéa DCS c.100 ground Co-operation 80+ ground handlers use signed with The suite of handlers use Altéa DCS Munich and solutions for Altéa DCS Copenhagen airports is officially c.100 airport presented to the ACUS2 and BRS3 operators4 use 1st ground market are launched Amadeus solutions handler customer 1st customer of 1st customers c.30 airlines use Contract & Billing, of ACUS, Pax Amadeus solutions 1. RMS: Resource Management Solutions 1 2. ACUS: Airport Common Use Service RMS , Sequence Verification, BRS, Manager Airport Distribution
3. BRS: Baggage Reconciliation System © 2016 Amadeus IT Group SA 4. An airport operator is a legal entity, which may operate more than one airport site 15 Airport IT now has over 230 customers
© 2016 © 2016 Amadeus IT Group SA
16 Amadeus Airport IT global footprint
Airport Management Solutions Altéa Ground Handling DCS Passenger Processing Systems © 2016 Amadeus IT Group SA
17 Amadeus Airport IT global footprint
Airport Management Solutions Altéa Ground Handling DCS Passenger Processing Systems © 2016 Amadeus IT Group SA
18 Amadeus Airport IT global footprint
Airport Management Solutions Altéa Ground Handling DCS Passenger Processing Systems © 2016 Amadeus IT Group SA
19 Amadeus Airport IT global footprint
Airport Management Solutions Altéa Ground Handling DCS Passenger Processing Systems © 2016 Amadeus IT Group SA
20
A customer success story: Copenhagen Airports
A 10-year partnership with the most efficient airports in Europe
"We have an ambitious vision to become a world-class hub for Northern Europe. Our objective is to grow from 25 to 40 million passengers per year, and as a part of this focus we are optimising our infrastructure to better help our airline partners to serve the increasing number of international routes and operations. We have chosen Amadeus as a strategic partner. Amadeus has the proven experience and leading cloud capabilities to deliver an operational traffic IT solution which will enable us to meet our goals whilst in parallel
ensuring we keep our focus on continued innovation.”
C. Poulsen, VP & CIO, Copenhagen Airports
© 2016 © 2016 Amadeus IT Group SA
21 The Airport IT market landscape 2015 + SITA
ULTRA
LOCKHEED MARTIN INFORM AMADEUS ROCKWELL COLLINS - T-SYSTEMS + Richness of RESA Product Portfolio
TAV
- Strength of customer base © 2016 Amadeus IT Group SA 22 Our focus – 3 year horizon
2015 2018
© 2016 © 2016 Amadeus IT Group SA
23 At the heart of travel
© 2016 © 2016 Amadeus IT Group SA
24 Thank you!
© 2016 © 2016 Amadeus IT Group SA amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup
Financial Highlights Ana de Pro Chief Financial Officer June 2016
© 2016 © 2016 Amadeus IT Group SA Disclaimer
This presentation contains forward-looking statements about Amadeus within the meaning of applicable securities law. All statements other than historical facts included in this presentation, including, without limitation, those regarding Amadeus financial position, business strategy, underlying assumptions, management plans and objectives or future operations and contracted customers, future growth in the different business lines and market share expectations are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause Amadeus actual results, performance or achievements, or industry results, to be materially different from those expressed or implied by these forward-looking statements. These forward-looking statements are based on numerous assumptions regarding Amadeus present and future business strategies and the environment in which Amadeus expects to operate in the future. Forward-looking statements speak only as of the date of this presentation and Amadeus does not undertake to publicly update or revise these forward looking statements in case of any change in its expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. This presentation also includes certain information that has not been audited. It must be accompanied by a verbal explanation and read in conjunction with other publicly available information. A simple reading of this presentation without the appropriate verbal explanation could give rise to a partial or incorrect understanding. Neither this presentation nor any of the information contained herein constitutes an offer or a request for an offer of purchase, sale, or exchange securities, or any advise or recommendation with respect to such securities. No representation or warranty, expressed or implied, is given or will be given by or on behalf of Amadeus as to the accuracy, completeness or fairness of the information or opinions contained in this document and any reliance you place on them will be at your sole risk. In addition, no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by Amadeus, or any other person in relation to such information or opinions or any other matter in connection with this document or its contents or otherwise arising in connection therewith. © 2016 © 2016 Amadeus IT Group SA
2 Outstanding track record
Revenue (€ millions) EBITDA (€ millions) and Margin (%)
+10.1% +14.5% 3,418 3,913 +12.2% 3,104 +9.9% 1,465 1,189 1,306 70% 75% 72% 38.3% 38.2% 37.5% 25% 28% 30% 2013 2014 2015 2013 2014 2015 IT Solutions Distribution
CAPEX (€ millions and % sales) Free cash flow1 (€ millions)
+28.7% 550 +10.5% +4.0% +10.1% 659 411 428 106 542 596 62 78 14.1% 13.2% 12.5% 444 350 350 © 2016 © 2016 Amadeus IT Group SA 2013 2014 2015 2013 2014 2015 PP&E Intangible Assets 3 1. Free cash-flow defined as EBITDA, less capex, plus changes in operating working capital, less taxes paid, less interests and financial fees. opportunity Amadeus addressable market Addressablemarkets 2018 ( in Unit BusinessesNew Airline IT Di stribution billion)€ 11.7 10.0 8.0
Total 29.7
© 2016 Amadeus IT Group SA Financial performance outlook
_ Revenue: 3%-6% CAGR growth Continued volume or yield expansion Distribution • _ Contribution margin: slight dilution • Customer mix and competition
_ Revenue: 10%-20% CAGR growth 2015- • Airline IT organic growth, new customers, upselling IT solutions • Continued NBU expansion 2018E _ Contribution margin: dilution in 2016 driven by Navitaire consolidation, Outlook execution of Hospitality IT strategy and higher contribution from NBU, followed by slight expansion due to operating leverage
_ Revenue: high single-digit CAGR growth EBITDA: high single-digit CAGR growth Group _ _ Capex: 12-15% of revenue, with a declining trend _ FCF: high single-digit/low teens CAGR growth © 2016 © 2016 Amadeus IT Group SA
5 CAGR: Compound Average Growth Rate Delivering on New Businesses
2015 2018E
Revenue Revenue ~ €300m ~ €400 - 600m Contribution Contribution ~ €100m ~ €160 - 240m
On track to deliver c. €1 billion revenue from NBU in 2022 with a 40-60% contribution margin © 2016 © 2016 Amadeus IT Group SA
6 Amadeus shareholder remuneration
Extraordinary (€m) 320 Ordinary (€m)
313 340 224 280 134 166
2011 2012 2013 2014 2015 2016
Total €1.8 billion returned since IPO
20% ordinary remuneration CAGR 2011-16 © 2016 Amadeus IT Group SA
7 Shareholder remuneration strategy Outlook Outlook 2018E 2015 - - Structure Capital Excess cash _ _ and aggregate aggregate over the period Expected excess cash 1.0 – assumed assumed mid 1.5x 1.5x Debt Net / EBITDA - point leverage of 1.25x) of c.
(50 €
1 billion in % pay - out ratio
8 © 2016 Amadeus IT Group SA Thank you!
© 2016 © 2016 Amadeus IT Group SA amadeus.com You can follow us on: amadeus.com/blog AmadeusITgroup