Exhibit 99.1

Travelport

Redefining Travel Commerce

-Second Quarter 2014 Results-

Atlanta, GA, August 4, 2014

— Travelport is a leading travel commerce platform providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry.

Gordon Wilson, President and CEO of Travelport, commented:

“The first half of 2014 has been a significant one for Travelport. We have not only demonstrated continued financial growth and strong operating performance, but we have also made a number of targeted strategic investments in Beyond Air to extend this growth, specifically in all of the payments, corporate travel and hotel distribution aspects of our Travel Commerce Platform. Additionally, we entered into a new long-term agreement with Delta Air Lines for the provision of hosting services for two of their critical airline operating systems. From a capital structure perspective, we have concluded deleveraging transactions of almost $1 billion through a series of debt for equity deals and the sale of the majority of our shares in Orbitz Worldwide. Our business is now even stronger and we remain firmly on track to deliver our strategic goals.”

2014 Key Point Summary

 

    Year-to-date 2014 growth of +4% for Net Revenue and +6% for Adjusted EBITDA

 

    Travel Commerce Platform

 

    Over 50 airlines have now signed for Travelport’s industry leading Rich Content & Branding in addition to our merchandising capabilities

 

    Expanded our Beyond Air capabilities through strategic investments:

 

    Hospitality – purchased Hotelzon, a European based provider of corporate hotel booking technology

 

    Corporate Travel – purchased 49% of Locomote, an Australian based corporate travel procurement and management platform

 

    Payments – purchased a further 16% of eNett, our B2B payments company, taking our share from 57% to 73% in a transaction valuing the company at approximately $450 million

 

    Technology Services

 

    Signed a new long term agreement with Delta Air Lines to host their core reservations and operations systems

 

    Capital Structure

 

    Successfully completed deleveraging transactions amounting to $937 million year-to-date August 4, 2014, including debt for equity exchanges and the sale of substantially all of our shares in Orbitz Worldwide

 

    On a proforma basis, Net Debt at June 30, 2014 would have been $2.5 billion with a Total Leverage Ratio of 4.9x(1)

 

    Launched a comprehensive debt refinancing transaction for our remaining debt

 

(1) Proforma is calculated using June 30, 2014 Net Debt adjusted for the July 2014 Debt-for-Equity and Orbitz deleveraging transactions. The Total Leverage Ratio is calculated using Total Debt divided by the previous twelve months’ Adjusted EBITDA as defined under our Senior Secured Credit Agreement.

Financial Highlights

Second Quarter 2014

 

(in $ millions)

   Q2 2014     Q2 2013     $ Change      % Change  

Net Revenue

     551        537        14         3   

Operating Income

     60        56        4         7   

Income (Loss) before income taxes and share of earnings in equity method investments

     16        (97     113           

Adjusted Net Loss

     (9     (15     6         34   

Adjusted EBITDA

     146        139        7         5   

 

* Not meaningful

Travelport’s Net Revenue of $551 million for the second quarter of 2014 was $14 million (3%) higher than the second quarter of 2013, and Adjusted EBITDA of $146 million was $7 million (5%) higher than the second quarter of 2013.

Travelport RevPas increased 2% to $5.75.

 

1


The following information was filed by Travelport Ltd (TVPL) on Monday, August 4, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Travelport Ltd's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Travelport Ltd.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account