业绩总结 - 2023年第一季度收入为743百万美元，超出预期的725百万美元[24] - 2023年第一季度总收入为7.43亿美元，同比增长26.9%（2022年为5.85亿美元）[26] - 旅行解决方案收入为6.77亿美元，同比增长26.8%（2022年为5.34亿美元）[26] - 调整后EBITDA为58百万美元，高于预期的50百万美元[24] - 调整后EBITDA为5800万美元，同比增长1160%（2022年为500万美元）[26] - 2023年第一季度的净损失为99,366千美元，较2022年同期的净损失47,544千美元显著增加[62] - 自由现金流为-9100万美元，较2022年第一季度的-1.56亿美元改善[26] - 2023年第二季度预计收入约为7亿美元，全年预计收入在28亿至30亿美元之间[28] 用户数据 - 自2022年第一季度以来，Sabre分销预订量增长49%[25] - 2023年第一季度的行业航空预订市场份额为34.0%，同比增长2.5个百分点[12] 未来展望 - 预计2023年将实现正的自由现金流，目标是到2025年超过500百万美元[10] - 2023年调整后EBITDA预计为3亿至3.2亿美元，第二季度预计为4500万美元[28] - 预计到2025年，净债务与调整后EBITDA比率将接近目标杠杆水平2.5x至3.5x[38] - 2025年调整后EBITDA目标超过9亿美元，预计每增加一个百分点将增加约1200万美元的收入[34] 成本与支出 - 计划在2024年实现200百万美元的年度化成本节省[22] - 2023年预计重组成本约为5000万美元，2024年约为2000万美元，总计约7000万美元[30] - 2023年第一季度技术转型支出预计将节省150百万美元[21] 技术与市场扩张 - 69%的计算能力已迁移至谷歌云平台，较2022年第四季度的66%有所增加[20] 负面信息 - 2023年第一季度的调整后的运营损失为27,677千美元，较2022年同期的调整后运营损失（213千美元）有所改善[78] - 每股调整后净损失为0.18美元，2022年同期为0.29美元[56] - 2023年第一季度的利息支出为99,784千美元，显示出公司在债务服务上的现金需求[85] 其他信息 - 2023年第一季度的重组及其他费用为319千美元，显示出公司在调整结构上的支出[79] - 其他收入包括一项1.92亿美元的AirCentre出售收益[89] - 非GAAP调整中，涉及40%非控股权益的净收入调整[88]

财务数据和关键指标变化 - 第一季度总收入为7.43亿美元，同比增加1.58亿美元，增长27% [32] - 调整后的EBITDA为5800万美元，较2022年第一季度的500万美元显著改善 [34] - 第一季度自由现金流为负9100万美元，基本符合预期 [34] 各条业务线数据和关键指标变化 - 分销收入为5.26亿美元，同比增加1.83亿美元，增长53% [32] - IT解决方案收入为1.52亿美元，同比下降4000万美元 [33] - 酒店解决方案收入为7400万美元，同比增加1800万美元，增长32% [33] 公司战略和发展方向和行业竞争 - 公司战略重点包括生成正的自由现金流、推动核心业务的可持续增长、推动创新和降低成本 [10][12] - 计划在2023年实现1亿美元的成本节约，并在2024年实现2亿美元的年化节约 [27] - 公司正在积极推进技术转型，以提高效率和增强价值主张 [25] 管理层对经营环境和未来前景的评论 - 管理层对未来的旅行量增长持乐观态度，预计国际市场，特别是亚太地区将继续复苏 [13] - 管理层表示，尽管行业面临挑战，但公司有能力在可控因素的基础上实现财务目标 [30] 其他重要信息 - 公司计划在2025年实现超过9亿美元的调整后EBITDA，并生成超过5亿美元的自由现金流 [43] - 截至2023年第一季度末，公司的净债务余额为41亿美元，预计到2025年将减少到34亿至35亿美元 [44] 问答环节所有提问和回答 问题: 关于战略增长举措的信心 - 管理层表示，战略增长举措与核心业务密切相关，支付业务是最远的领域，预计将利用现有客户关系实现增长 [48][49] 问题: NDC的经济学 - 管理层指出，NDC在行业中的比例仍然较低，但预计到2025年将获得更多的市场份额，并实现单位利润的提升 [51] 问题: 2024年的展望 - 管理层表示，2024年将会有显著的EBITDA提升，主要得益于2023年成本节约的年化效应和技术转型的进展 [60] 问题: 企业旅行预算的变化 - 管理层提到，企业旅行整体恢复到疫情前的80%，并且在未来有增长的潜力 [72] 问题: 关于与美国航空的NDC合作 - 管理层确认与美国航空的NDC合作取得成功，未见市场结构发生变化 [83]

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, 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 (Commission File Number) (I.R.S. Employer incorporation or organi ...

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, 2022 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 (Commission File Number) (I.R.S. Employer incorporation or organizatio ...

the important partnerships that we renewed and expanded upon in 2022. Finally, Mike will take you through the financial results of the quarter and year and our financial outlook for 2023. Despite those headwinds, the Sabre team in 2022 made significant forward progress with our technology transformation, provided best-in-class service to our customers and won new business. I am extremely proud of what we have accomplished to date and what we will do for years to come. Our technology transformation is delive ...

confidential | ©2022 Sabre GLBL Inc. All rights reserved. 1 Q3 2022 Earnings Report 2 Nov 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," "believe," "lik ...

Sabre Corporation (NASDAQ:SABR) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Kevin Crissey - Vice President, Investor Relations Sean Menke - Chairman & Chief Executive Officer Kurt Ekert - President Mike Randolfi - Chief Financial Officer Conference Call Participants Matthew Broome - Mizuho Group Mark Moerdler - Bernstein James Goodall - Redburn Jed Kelly - Oppenheimer Josh Baer - Morgan Stanley Victor Cheng - Bank of America Operator Good morning and welcome to the Sabr ...

Sabre Corporation (NASDAQ:SABR) Q2 2022 Earnings Conference Call August 2, 2022 9:00 AM ET Company Participants Sean Menke - Chair of the Board and Chief Executive Officer Kurt Ekert - President Doug Barnett - CFO Kevin Crissey - VP, IR Conference Call Participants Mark Moerdler - Bernstein Research Josh Baer - Morgan Stanley Jed Kelly - Oppenheimer Victor Cheng - Bank of America Operator Good morning and welcome to the Sabre Second Quarter 2022 Earnings Conference Call. My name is Amanda and I will be your ...

confidential | ©2022 Sabre GLBL Inc. All rights reserved. 1 Q2 2022 Earnings Report 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," "oppo ...

confidential | ©2022 Sabre GLBL Inc. All rights reserved. 1 Q1 2022 Earnings Report 3 May 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 ...