Global Business Travel Group, Inc. (NYSE:GBTG) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET

Company Participants

Barry Sievert - Vice President, Investor Relations

Paul Abbott - Chief Executive Officer

Martine Gerow - Chief Financial Officer

Eric Bock - Chief Legal Officer, Global Head of M&A and Compliance & Corporate Secretary

Conference Call Participants

Toni Kaplan - Morgan Stanley

Steve Ju - Credit Suisse

Duane Pfennigwerth - Evercore ISI

Operator

Good morning and welcome to the American Express Global Business Travel Third Quarter 2022 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 third 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. A 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, our registration statement on Form S-1 originally filed on September 9, 2022, the related prospectus filed on October 3, 2022 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 and 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 on the call today are Paul Abbott, our Chief Executive Officer, and Martine Gerow, 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 will now turn the call over to Paul. Paul?