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20-Jul-2019 17:00

Adjusted EBITDA is defined as Adjusted Net Income (Loss) excluding depreciation and amortization of property and equipment, amortization of customer loyalty payments, interest expense, net (excluding unrealized gains (losses) on interest rate derivative instruments), and related income taxes.Adjusted Income (Loss) per Share - Diluted is defined as Adjusted Net Income (Loss) for the period divided by the weighted average number of dilutive common shares.Furthermore, we continue to anticipate that our commercial payments business, e Nett, will grow net revenue by at least 20% in 2017. We anticipate Adjusted EBITDA, Adjusted Net Income and Adjusted Income per Share (diluted) to be at the mid-to-lower-end of their respective guidance ranges. Adjusted EBITDA guidance consists of Adjusted Net Income guidance excluding expected depreciation and amortization of property and equipment and expected amortization of customer loyalty payments of 0 million to 0 million, expected interest expense, net (excluding the impact of unrealized gain (loss) on interest rate derivative instruments) of 0 million to 5 million and expected related income taxes of approximately million. The year over year impact of foreign exchange movements had an immaterial impact to Adjusted EBITDA for the third quarter of 2017. A live audiocast of the presentation and accompanying slides will be available via the Investor Center section of Travelport's website at ir.This is subject to exchange rate movements given that e Nett's net revenue is largely denominated in currencies other than the U. Adjusted Net Income guidance excludes the expected impact of amortization of intangible assets of approximately million, expected equity-based compensation and related taxes and corporate and restructuring costs of million to million and expected income taxes related to these adjustments of up to million. With approximately 91% of our net revenue denominated in U. dollars in the third quarter of 2017, exchange rate movements in this currency have a low impact on our net revenue. We employ foreign exchange forward contracts to hedge our exposure to changes in foreign exchange rates, particularly against the British pound, the Euro and the Australian dollar, which are the main non-U. Please visit the site or click the following link to pre-register: https://Under the contractual terms, the travel agency or travel provider commits to achieve certain economic objectives for the Company.

Our guidance for full year 2017 net revenue is unchanged, as detailed below.Please refer to pages 10 to 13 of this press release for additional information, including reconciliations of such non-GAAP financial measures.Reported Segments increased marginally by 1 million, or 2%.Capital Expenditures is defined as cash paid for property and equipment plus repayments in relation to capital leases and other indebtedness.Customer Loyalty Payments are payments made to travel agencies or travel providers with an objective of increasing the number of travel bookings using the Company's Travel Commerce Platform and to improve the travel agencies or travel providers' loyalty, which are instrumented through agreements with a term over a year.

Our guidance for full year 2017 net revenue is unchanged, as detailed below.Please refer to pages 10 to 13 of this press release for additional information, including reconciliations of such non-GAAP financial measures.Reported Segments increased marginally by 1 million, or 2%.Capital Expenditures is defined as cash paid for property and equipment plus repayments in relation to capital leases and other indebtedness.Customer Loyalty Payments are payments made to travel agencies or travel providers with an objective of increasing the number of travel bookings using the Company's Travel Commerce Platform and to improve the travel agencies or travel providers' loyalty, which are instrumented through agreements with a term over a year.In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur.