Global Business Travel Group, Inc. (NYSE:GBTG) Q2 2023 Earnings Conference Call August 10, 2023 9:00 AM ET
Company Participants
Barry Sievert - VP, IR
Paul Abbott - CEO & Director
Karen Williams - CFO
Eric Bock - Chief Legal Officer, Global Head, Mergers & Acquisitions, Compliance & Corporate Secretary
Conference Call Participants
Toni Kaplan - Morgan Stanley
Duane Pfennigwerth - Evercore ISI
Jeffrey Seiner - Deutsche Bank
Peter Christiansen - Citigroup
Stephen Ju - Crédit Suisse
Operator
Good morning, and welcome to the American Express Global Business Travel Second Quarter 2023 Earnings Conference Call. As a reminder, please note today's call is being recorded. I will now turn the call over to the Vice President of Investor Relations, Barry Sievert. Please go ahead, sir.
Barry Sievert
Hello, and good morning, everyone. Thank you for joining us for our second quarter earnings conference call. This morning, we issued an earnings press release, which is available on the SEC and our website at investors.amexglobalbusinesstravel.com.
The slide presentation, which accompanies today's prepared remarks, is also available on the Amex GBT Investor Relations web page. We would like to advise you that our comments contain forward-looking statements that represent our beliefs or expectations about future events, including the duration and effects of COVID-19, industry trends, cost savings and acquisition synergies, among others.
All forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the statements made on today's conference call. More information on these and other risks and uncertainties is contained in our earnings release issued this morning and our other SEC filings.
Throughout today's call, we will also be presenting certain non-GAAP financial measures. Such as EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted operating expenses, free cash flow and net debt. All references during today's call to such non-GAAP financial measures have been adjusted to exclude certain items. Definitions of these terms and the most directly comparable GAAP measures and reconciliations for non-GAAP measures are available in the supplemental materials of this presentation and in the earnings release.
Participating with me today are Paul Abbott, our Chief Executive Officer; and Karen Williams, our Chief Financial Officer. Also joining for the Q&A session today is Eric Bock, our Chief Legal Officer and Head of Global M&A. With that, I'll now turn the call over to Paul. Paul?
Paul Abbott
Well, thank you, Barry, and welcome to everyone, and thank you for joining our second quarter earnings call. We are the clear leader in a $1.2 trillion industry with a significant runway for growth. And in the second quarter, we continue to deliver on our strategic priorities and create strong momentum for the future.