{
  "docId": "019dd923-5eff-723e-9be6-4e39f43bb678",
  "docSlug": "97824f086d7e62c3",
  "documentTitle": "2024 FY Results Presentation",
  "authorId": "Amadeus",
  "authorName": "Amadeus",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 14,
  "pageCount": 22,
  "prevPage": 13,
  "nextPage": 15,
  "slideType": "financial_analysis",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 6,
  "notes": "Includes specific footnotes regarding growth rate comparisons and margin stability.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be6-4e39f43bb678/14",
  "deckHref": "/decks/019dd923-5eff-723e-9be6-4e39f43bb678",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-4e39f43bb678.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-4e39f43bb678#slide-14",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.7,
        "x": 0.12,
        "y": 0.81
      },
      "kind": "callout",
      "text": "On track to achieve Amadeus 2024 Investor Day 2023-2026 Outlook",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "28b4a573-bdcc-413a-85f1-c36147a5ff07",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.8,
        "x": 0.1,
        "y": 0.92
      },
      "kind": "disclaimer",
      "text": "1. Growth rates and comments comparing 2025 to 2024 refer to 2024 reported figures (i.e. including M&A acquisition related costs).\n2. 2023-2026 outlook of broadly stable EBITDA margin (2023 EBITDA margin of 37.9%, excluding non-recurring effects. See section 3.2 of 2023 Management Review).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "686188fa-5178-4a9b-b236-a0b1aa6065a9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.85,
        "x": 0.06,
        "y": 0.36
      },
      "kind": "list",
      "text": "Cloud migration and cloud processing costs continue to generate cost growth in 2025. Fixed cost growth in 2025 < 2024.\nWe aim to complete our cloud transformation program in early 2026. Fixed cost growth moderation in 2026 (vs. 2025).\nEBIT growth to outperform EBITDA growth, supported by mid single-digit rate D&A expense growth.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "02738bc2-e7fc-4aaf-bfff-5d8a009a1d14",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.06,
        "y": 0.24
      },
      "kind": "list",
      "text": "Strong evolutions across our businesses.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2533f211-4824-4210-a978-4aa6ec3fe2cd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.85,
        "x": 0.06,
        "y": 0.64
      },
      "kind": "list",
      "text": "On the back of growing EBITDA and an increase in capital expenditure and taxes. Capex as % of revenues similar in 2025 to 2024, although likely below.\nQ1'25 FCF expected to be below FCF in Q1'24, due to higher capital expenditure (which increased quarter-on-quarter throughout 2024) and taxes.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9af18043-f9e5-48ed-9a46-db47bbeb5431",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.4,
        "x": 0.06,
        "y": 0.3
      },
      "kind": "metric",
      "text": "EBITDA : €2.49 – €2.61 billion (7%-12%)",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "07c0ebab-fe21-42f3-9de7-6716fd4c9ff4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.4,
        "x": 0.06,
        "y": 0.18
      },
      "kind": "metric",
      "text": "Revenue : €6.69 – €6.94 billion (9%-13%)",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "43cd179c-e03f-4c81-9791-299e2420ccc8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.3,
        "x": 0.06,
        "y": 0.58
      },
      "kind": "metric",
      "text": "FCF : €1.27 – €1.35 billion",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f8800a8e-858a-4bbf-a920-5ec76d9f94f1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Revenue: €6.69 – €6.94 billion",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-5bea-70fa-aee5-eaedb5c65748",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.2,
        "x": 0.02,
        "y": 0.03
      },
      "kind": "title",
      "text": "2025 Outlook",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8ca164a0-26d8-462d-89c2-e20907f513a4",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Commitment & Consistency",
      "slug": "commitment-consistency",
      "agent": "Storyteller",
      "layer": "loop",
      "matchId": "019dd95a-1a8c-7709-b5e6-e08e2b7fc895",
      "evidence": "Closing line ties 2025 to prior 2023-2026 Investor Day commitment",
      "confidence": 78
    },
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1a8c-7709-b5e6-d5b8384abd92",
      "evidence": "Title is topic '2025 Outlook'; bottom callout 'On track to achieve... 2023-2026 Outlook' is the verdict",
      "confidence": 60
    },
    {
      "name": "Chunking",
      "slug": "chunking",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1a8c-7709-b5e6-de824c5ef90c",
      "evidence": "Three KPI blocks (Revenue / EBITDA / FCF) with sub-bullets",
      "confidence": 72
    },
    {
      "name": "Visual Hierarchy",
      "slug": "visual-hierarchy",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1a8c-7709-b5e6-d9bff46e4449",
      "evidence": "Three large blue KPI ranges with grey % growth subtitles",
      "confidence": 78
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 15,
      "from": 13,
      "beatId": "019dd95a-07a7-7579-bd62-fe7eb08ec651",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Action (Now What)",
      "beatSlug": "triple-take-the-action-now-what",
      "evidence": "'2025 Outlook' section sets forward guidance ranges and segment dynamics",
      "position": 3,
      "confidence": 82,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 15,
      "from": 14,
      "name": "Segmentation Split",
      "slug": "34-segmentation-split",
      "bestFor": "Customer analysis, market research, resource allocation",
      "matchId": "019dd95a-08f8-7619-ac2c-1dee2b033cd7",
      "evidence": "p14 sets group-level revenue/EBITDA/FCF ranges, p15 splits them into the same three segments.",
      "position": 3,
      "objective": "Translate aggregate 2025 outlook into per-segment dynamics",
      "structure": "The Aggregate View -> Segment A Behavior -> Segment B Behavior -> The Insight in the Difference",
      "confidence": 72,
      "description": "Divide a whole into meaningful segments to reveal hidden patterns"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}