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Lead in automation

Extend data and analytics capabilities

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Int’nl: 75% of TCP revenue;

Q4 growth +8%

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$290m

$288m

$284m

Q4 2016 IGTS disposal1

Q4 2016 Rebased

Loss of travel agency

customer

Volume/Mix

Yield Travel Distribution

Costs

eNett FX/Other Q4 2017

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Net cash provided by operating activities 43 85 (49)%

Capital expenditures on property and equipment additions (38) (37) (3)%

Free Cash Flow 5 48 (90)%

Repayment of capital lease obligations and other indebtedness (14) (28) 52%

Dividend to shareholders (11) (9) (13)%

Repayment of term loans (56) (6) n/m

Other (8) (3) n/m

Net (decrease)/increase in cash and cash equivalents (83) 2 n/m

Interest payments (27) (25) (7)%

Tax payments (19) (6) n/m

Customer loyalty payments (21) (28) 24%

Net Debt 2,108 2,070 2,205

LTM Adjusted EBITDA

Net leverage multiple 3.57x 3.55x 3.84x

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