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 Sabre Third Quarter 2022 Earnings Conference Call. My name is Amy and I will be your operator. As a reminder, please note today’s call is being recorded.

I will now turn the call over to Vice President of Investor Relations, Kevin Crissey. Please go ahead, sir.

Kevin Crissey

Thanks, Amy, and good morning, everyone. Thank you for joining us for our third quarter 2022 earnings call. This morning, we issued an earnings press release, which is available on our website at investors.sabre.com. A slide presentation, which accompanies today’s prepared remarks, is also available during this call on the Sabre Investor Relations webpage. A replay of today’s call will be available on our website later this morning.

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 and recovery trends, benefits from our technology transformation and commercial and strategic arrangements, our financial outlook and targets, expected revenue, costs and expenses, cost savings, margins and liquidity, 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 risks and uncertainties is contained in our earnings release issued this morning and our SEC filings, including our second quarter 2022 Form 10-Q and 2021 Form 10-K.

Throughout today’s call, we will also be presenting certain non-GAAP financial measures. References during today’s call to adjusted operating income, adjusted net income, adjusted EBITDA, adjusted EBITDA margin, adjusted EPS, and free cash flow have been adjusted to exclude certain items. The most directly comparable GAAP measures and reconciliations for non-GAAP measures are available in the earnings release and other documents posted on our website at investors.sabre.com.

Participating with me are Sean Menke, Chair of the Board and Chief Executive Officer; Kurt Ekert, our President; and Mike Randolfi, our Chief Financial Officer.