{
  "docId": "019dd923-5eff-723e-9be7-d5cb622b1a50",
  "docSlug": "55b70ad2652a5c02",
  "documentTitle": "2025 01 Investor Presentation Oddo BHF",
  "authorId": "TUI-Group",
  "authorName": "TUI Group",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 27,
  "pageCount": 55,
  "prevPage": 26,
  "nextPage": 28,
  "slideType": "financial_analysis",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 44,
  "notes": "Includes a footnote regarding FY25 assumptions and EPS adjustments.",
  "elementsJson": [
    "data_table",
    "bullet_list",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be7-d5cb622b1a50/27",
  "deckHref": "/decks/019dd923-5eff-723e-9be7-d5cb622b1a50",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be7-d5cb622b1a50.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be7-d5cb622b1a50#slide-27",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.25,
        "x": 0.51,
        "y": 0.82
      },
      "kind": "callout",
      "text": "FY24 Und. EPS up +€0.47 (FY23 EPS LFL €0.56 based on 507m shares)",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a355ba96-c089-4fd0-b99e-547f49aea174",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "FY24 Und. EPS up +€0.47",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-832e-76b9-8114-052d7e7c873d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.02,
        "y": 0.93
      },
      "kind": "disclaimer",
      "text": "1 Please refer to page 38 for FY24e modelling assumptions | 2 Earnings per share for all periods presented were adjusted for the impact of the 10-for-1 reverse stock split in February 2023 as well as the impact of the subscription rights issued in the capital increase in March 2023 | 3 FY23 EPS based on 384m shares",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "30f04e25-7587-4f76-8983-bf50711b16aa",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.45,
        "x": 0.51,
        "y": 0.43
      },
      "kind": "list",
      "text": "Adjustments: Adjustments mainly relate to PPA costs; FY25 assumption: -€40m to -€60m",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "121a50aa-3ef1-48c5-a1c4-918f74d16661",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.51,
        "y": 0.18
      },
      "kind": "list",
      "text": "Revenue: Strong FY24 Revenue of €23.2bn, +€2.5bn/+12%; Markets + Airline €20.2bn (+11%); Holiday Experiences €2.9bn (+19%)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "66803db1-a014-4f4f-93d0-55e0a9da4944",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.51,
        "y": 0.72
      },
      "kind": "list",
      "text": "Minority Interest: Strong performance of RIU hotels",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "81ea417e-7460-4882-981f-5e52fc8c1923",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.45,
        "x": 0.51,
        "y": 0.65
      },
      "kind": "list",
      "text": "Income Taxes: Assumption of an underlying effective tax rate of ~18% reconfirmed for FY25",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "89a4597a-73ab-4a91-8b60-9b6a2ae41354",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.51,
        "y": 0.53
      },
      "kind": "list",
      "text": "Net Interest: Significant improvement, c. -€45m non-cash one-off Conv. Bonds impact in FY24 Q4; FY25 assumption: -€385m to -€415m",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "96b5180c-7741-46c4-84c1-b9576d811aa0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.45,
        "x": 0.51,
        "y": 0.31
      },
      "kind": "list",
      "text": "Underlying EBIT: Strong FY24 Und. EBIT of €1.3bn, +€319m/+33% (+35% at CC); FY24: 6% EBIT margin, +1.3%pts vs. PY",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e8576b2-0e74-45a3-8180-17ace53e983b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Underlying EBIT: €1,296m",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-832e-76b9-8114-0a602a289d5d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.72,
        "w": 0.48,
        "x": 0.02,
        "y": 0.185
      },
      "kind": "table",
      "text": "Income statement table showing FY24 Q4, FY23 Q4, FY24 12M, and FY23 12M figures for revenue, EBITDA, EBIT, interest, taxes, and EPS.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c99ffa0f-6806-47df-a28d-5a6ad0762ff2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.02,
        "y": 0.03
      },
      "kind": "title",
      "text": "Income Statement – FY24 delivered strong growth both in revenue & Und. EBIT",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4427913f-d16b-4374-88bb-14c167ac1aa3",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "2986b3b7-144d-46ac-9bfc-cc12d59596aa",
      "evidence": "table/data: Income statement table showing FY24 Q4, FY23 Q4, FY24 12M, and FY23 12M figures for revenue, EBITDA, EBIT, interest, taxes, and EPS.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 32,
      "from": 27,
      "beatId": "01b8e529-3e8e-4861-9f1b-563c9c5e23c9",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Visualization",
      "beatSlug": "monroes-sequence-visualization",
      "evidence": "Financial analysis and outlook",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}