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Delayed Nasdaq  -  04:00 2022-09-23 pm EDT
5.420 USD   -8.60%
09/21US-Bangla Airlines and Sabre sign new deal to support the carrier's indirect retailing growth
09/08Mizuho Securities Adjusts Sabre's Price Target to $7 from $8, Maintains Neutral Rating
09/07SABRE CORP : Regulation FD Disclosure (form 8-K)
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Sabre : Q2 2022 Earnings Presentation

08/02/2022 | 08:02am EDT

Q2 2022



2 Aug 2022


Forward-looking statements

Forward-looking Statements

Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "expect," "goal," "outlook," "opportunity," "target," "future," "believe," "trend," "plan," "guidance," "anticipate," "will," "forecast," "continue," "on track," "trajectory," "scenario", "strategy," "estimate," "project," "possible," "may," "should," "would," "intend," "potential," or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre's actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. The potential risks and uncertainties include, among others, the severity, extent and duration of the global COVID-19 pandemic and its impact on our business and results of operations, financial condition and credit ratings, as well as on the travel industry and consumer spending more broadly, the actions taken to contain the disease or treat its impact, the effectiveness and rate of vaccinations, the effect of remote working arrangements on our operations and the speed and extent of the recovery across the broader travel ecosystem, dependency on transaction volumes in the global travel industry, particularly air travel transaction volumes, including from airlines' insolvency, suspension of service or aircraft groundings, the effect of cost savings initiatives, the timing, implementation and effects of the technology investment and other strategic initiatives, the completion and effects of travel platforms, exposure to pricing pressure in the Travel Solutions business, changes affecting travel supplier customers, maintenance of the integrity of our systems and infrastructure and the effect of any security incidents, failure to adapt to technological advancements, competition in the travel distribution market and solutions markets, implementation of software solutions, reliance on third parties to provide information technology services and the effects of these services, implementation and effects of new, amended or renewed agreements and strategic partnerships, including anticipated savings, dependence on establishing, maintaining and renewing contracts with customers and other counterparties and collecting amounts due to us under these agreements, dependence on relationships with travel buyers, collection, processing, storage, use and transmission of personal data and risks associated with PCI compliance, our ability to recruit, train and retain employees, including our key executive officers and technical employees, the financial and business results and effects of acquisitions and divestitures of businesses or business operations, reliance on the value of our brands, the effects of any litigation and regulatory reviews and investigations, adverse global and regional economic and political conditions, including, but not limited to, recessionary or inflationary economic conditions, risks related to the current military conflict in Ukraine, risks arising from global operations, reliance on the value of our brands, failure to comply with regulations or the effects of new regulations, use of third-party distributor partners, risks related to our significant amount of indebtedness, the effects of the implementation of new accounting standards and tax-related matters. More information about potential risks and uncertainties that could affect our business and results of operations is included in the "Risk Factors" and "Forward-Looking Statements" sections in our Quarterly Report on Form 10-Q filed with the SEC on May 3, 2022, in our Annual Report on Form 10-K filed with the SEC on February 18, 2022 and in our other filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, outlook, guidance, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, Sabre undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.

Non-GAAP Financial Measures

This presentation includes unaudited non-GAAP financial measures, including Adjusted Operating Loss, Adjusted Net Loss, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Loss from continuing operations per share ("Adjusted EPS"), Free Cash Flow, and the ratios based on these financial measures. In addition, we provide certain forward guidance with respect to Adjusted EBITDA. We are unable to provide this forward guidance on a GAAP basis without unreasonable effort; however, see "2022 Business Outlook and Financial Guidance" in the appendix for additional information including estimates of certain components of the non-GAAP adjustments contained in the guidance.

We present non-GAAP measures when our management believes that the additional information provides useful information about our operating performance. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. See "Non-GAAP Financial Measures" in the appendix for an explanation of the non-GAAP measures and "Tabular Reconciliations for Non-GAAP Measures" in the appendix for a reconciliation of the non-GAAP financial measures to the comparable GAAP measures.

Industry Data/Certain Definitions

This presentation and accompanying comments contain industry data, forecasts and other information that we obtained from industry publications and surveys, public filings and internal company sources, and there can be no assurance as to the accuracy or completeness of the included information. Statements as to our ranking, market position, bookings share and market estimates are based on independent industry publications, government publications, third-party forecasts and management's estimates and assumptions about our markets and our internal research. We have not independently verified this third-party information nor have we ascertained the underlying economic assumptions relied upon in those sources, and we cannot assure you of the accuracy or completeness of this information.

confidential | ©2022 Sabre GLBL Inc. All rights reserved.


Today's presenters

Chair of the Board



and CEO

confidential | ©2022 Sabre GLBL Inc. All rights reserved.



01 Travel recovery trends

02 Improved 2022 financial outlook

03 Technology transformation update

04 Review of Q2'22 financial results

confidential | ©2022 Sabre GLBL Inc. All rights reserved.

Strong recovery in Q2 2022

Hotel CRS transactions continued to lead the recovery

International and corporate bookings strengthened into June

Geographically, the recovery broadened, with all regions showing strong improvement since January

Late in Q2 and into July, rate of recovery has moderated; believe this is due to operational challenges limiting airline capacity and increasing fares

7-day moving average; calendar-shifted; CRS transactions are community model only; data through July 26, 2022

confidential | ©2022 Sabre GLBL Inc. All rights reserved.


This is an excerpt of the original content. To continue reading it, access the original document here.


Sabre Corporation published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 12:01:02 UTC.

© Publicnow 2022
09/21US-Bangla Airlines and Sabre sign new deal to support the carrier's indirect retailing ..
09/08Mizuho Securities Adjusts Sabre's Price Target to $7 from $8, Maintains Neutral Rating
09/07SABRE CORP : Regulation FD Disclosure (form 8-K)
08/31Sabre Extends Distribution Agreement With Vietnam Airlines
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08/22Solare Hotels and Resorts selects Sabre technology to optimize its distribution strateg..
08/22Mizuho Securities Raises Sabre's Price Target to $8 From $7, Maintains Neutral Rating
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08/19SABRE : Announces Refinancing of Term B Loans - Form 8-K
More news
Analyst Recommendations on SABRE CORPORATION
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Financials (USD)
Sales 2022 2 634 M - -
Net income 2022 -354 M - -
Net Debt 2022 3 677 M - -
P/E ratio 2022 -4,75x
Yield 2022 0,28%
Capitalization 1 779 M 1 779 M -
EV / Sales 2022 2,07x
EV / Sales 2023 1,61x
Nbr of Employees -
Free-Float 91,8%
Duration : Period :
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Technical analysis trends SABRE CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 5,42 $
Average target price 11,80 $
Spread / Average Target 118%
EPS Revisions
Managers and Directors
Sean E. Menke Chairman & Chief Executive Officer
Kurt Joseph Ekert President
Michael O. Randolfi Chief Financial Officer & Executive Vice President
Joe DiFonzo Chief Information Officer
George R. Bravante Independent Director
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