Sabre Corporation (NASDAQ:SABR) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Brian Evans - Senior Vice President of Investor Relations and Treasurer Kurt Ekert - President and Chief Executive Officer Mike Randolfi - Chief Financial Officer Scott Wilson - Executive Vice President and President of Hospitality Solutions Conference Call Participants Jed Kelly - Oppenheimer James Lee - Mizuho Brett Knoblauch - Cantor Fitzgerald Dan Wasiolek - Morningstar Alex Irving - Bernstein V ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Sabre Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 001-36422 20-8647322 (Commission File Number) (I.R.S. E ...

Sabre reports first quarter 2024 results that exceed prior guidance; raises full- year 2024 financial outlook Business highlights: First quarter 2024 financial results: SOUTHLAKE, Texas – May 2, 2024 – Sabre Corporation ("Sabre" or the "Company") (NASDAQ: SABR) today announced financial results for the quarter ended March 31, 2024. 1 • Reported strong financial performance that exceeded prior Q1 guidance; raising full-year 2024 revenue and Adjusted EBITDA outlook • Generated $98 million of operating income ...

Sabre Corporation (NASDAQ:SABR) Q4 2023 Earnings Conference Call February 15, 2024 9:00 AM ET Company Participants Brian Evans - SVP, IR and Treasurer Kurt Ekert - CEO and President Michael Randolfi - CFO and EVP Scott Wilson - EVP and President, Hospitality Solutions Conference Call Participants Josh Baer - Morgan Stanley Jed Kelly - Oppenheimer Dan Wasiolek - Morningstar Alex Irving - Bernstein Victor Cheng - Bank of America Operator Good morning and welcome to the Sabre's Fourth Quarter and Full Year 202 ...

CONFERMA/PAYMENTS $14B (gross spend volume in $) Faster GDS industry bookings growth vs. broader industry • Trailing twelve months ended December 31, 2023. Recurring revenue is defined as all revenue associated with products/services that are governed by multi-year agreements and otherwise do not have a finite/discreet service period or deliverable. ©2024 Sabre GLBL Inc. All rights reserved. 9 Technology transformation remains on track Q4 and FY23 Accomplishments • Exceeded mainframe and cloud cost reductio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Sabre Corporation (Exact name of registrant as specified in its charter) Delaware 001-36422 20-8647322 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employ ...

Financial Data and Key Metrics - Q3 revenue was $740 million, a 12% increase YoY, driven by strong performance across Distribution and Hospitality Solutions [74][97][98] - Adjusted EBITDA improved by $76 million YoY to $110 million, with nearly 100% flow-through of incremental revenue to adjusted EBITDA [77][99] - Free cash flow was $39 million in Q3, exceeding prior guidance of $20 million, marking the first positive Q3 free cash flow since 2019 [77] - Distribution bookings totaled 89 million, up 12% YoY, with an average booking fee of $5.87, a 9% increase YoY [97] - Hospitality Solutions revenue grew 16% YoY to $79 million, driven by transaction growth and higher rates per transaction [98] Business Line Performance - Distribution revenue increased 22% YoY to $525 million, supported by higher booking volumes and favorable regional and travel type mix [97] - Hospitality Solutions revenue grew 16% YoY to $79 million, with adjusted EBITDA on track for a $40 million improvement in 2023 versus 2022 [98] - IT Solutions revenue declined by $26 million YoY to $147 million, primarily due to demigrations, largely impacted by changes in Russian law [75] Market Performance - North America is fully recovered to 2019 levels, while Asia is at mid-60s and Europe at 70s recovery levels [65] - Latin America showed a slight recovery trend but has recently trended back [65] - Air India's domestic content agreement highlights Sabre's ability to penetrate one of the largest GDS markets globally [15][111] Strategic Direction and Industry Competition - The company is focused on four strategic priorities: generating positive free cash flow, deleveraging the balance sheet, achieving sustainable growth, and driving innovation [6][25] - Technology transformation to Google Cloud is on track, with a 10% YoY reduction in adjusted technology costs and expected annual cost savings of $200 million by 2024 [12][55] - Strategic partnerships with Google and Hopper have led to innovative solutions like Sabre Upgrade IQ and Lodging AI, enhancing personalized offerings for airlines and hotels [10][11][29] - The company is building a multisource travel ecosystem to integrate NDC and EDIFACT content seamlessly, positioning itself as a leader in next-generation travel technology [33][115] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on its strategic priorities, citing strong Q3 performance and continued momentum in key financial metrics [6][23][36] - The company expects to achieve $900 million in adjusted EBITDA and $500 million in free cash flow by 2025, supported by cost reductions, technology transformation, and strategic growth initiatives [84][103] - Industry air volume growth assumptions for 2025 include 1-2% sequential quarterly growth, with each point of growth contributing approximately $12 million in adjusted EBITDA annually [103][121] Other Important Information - The company extended the majority of its 2025 debt maturities to 2027 and beyond, improving its financial flexibility [8][78] - Sabre's cash balance at the end of Q3 was $623 million, exceeding cumulative debt maturities through 2026 [78][100] - The company expects full-year 2023 revenue between $2.9 billion and $3 billion, with adjusted EBITDA guidance raised to $345 million [101][102] Q&A Session Summary Questions and Answers - **Question on NDC impact**: NDC represents about 1% of the GDS marketplace, with minimal impact on average booking fees [68][70] - **Question on Air India contract**: The agreement unlocks one of the largest GDS markets globally, previously exclusive to a competitor [111] - **Question on corporate travel recovery**: Corporate travel has recovered to 75% of 2019 levels on a unit basis, with higher dollar recovery due to increased yields [43][44] - **Question on technology cost reductions**: Tech costs decreased by 10% YoY, with further reductions expected as part of the $200 million annual cost savings target by 2024 [106] - **Question on 2025 EBITDA target**: The $900 million target includes $300 million from cost reductions, $150 million from strategic growth initiatives, and $450 million from volume growth [84][108]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Sabre Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 001-36422 20-8647322 (Commission File Number) (I.R. ...

©2023 Sabre GLBL Inc. All rights reserved.1 Q2 2023 Earnings Report 3 August 2023 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 "guidance," "target," "outlook," "focus," "stra ...

Sabre Corporation (NASDAQ:SABR) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Brian Roberts - Senior Director, Investor Relations Kurt Ekert - President and Chief Executive Officer Mike Randolfi - Chief Financial Officer Scott Wilson - Executive Vice President and President, Hospitality Solutions Conference Call Participants Josh Baer - Morgan Stanley Victor Cheng - Bank of America Dan Wasiolek - Morningstar Jeff Harlib - Barclays Operator Good morning, and welcome to the S ...