Sabre Corporation (NASDAQ:SABR) Q1 2022 Earnings Conference Call May 3, 2022 9:00 AM ET

Company Participants

Sean Menke – Chair of the Board and Chief Executive Officer

Kurt Ekert – President

Doug Barnett – Chief Financial Officer

Kevin Crissey – Vice President of Investor Relations

Conference Call Participants

Matthew Broome – Mizuho Securities

Mark Moerdler – Bernstein Research

Victor Cheng – Bank of America

Josh Baer – Morgan Stanley

Neil Steer – Redburn

Operator

Good morning and welcome to the Sabre First Quarter 2022 Earnings Conference Call. My name is Daniel 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 the President of Investor Relations, Kevin Crissey. Please go ahead, sir.

Kevin Crissey

Thanks, Daniel. Good morning, everyone. Thank you for joining us for our first 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 web page. 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 in our SEC filings, including our 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 our 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 Doug Barnett, our Chief Financial Officer. Scott Wilson, our President of Hospitality Solutions will be available for Q&A after the prepared remarks. And with that, I will turn the call over to Sean.