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TEXT OF SLIDE PRESENTATION GIVEN TO SABRE EMPLOYEES AND AVAILABLE ON SABRE
INTERNAL WEBSITE
a new vision for market leadership
Sabre Business Travel Solutions
August 28, 2000
Agenda
What's being announced today?
Who is GetThere?
Why are we acquiring GetThere?
New leadership team
How does the acquisition affect you?
What changes now?
Next steps
Keeping you informed
Q&A
"Sabre is acquiring GetThere for..."
Sabre is acquiring GetThere for a value of $750 million
GetThere and Sabre BTS will be combined to form a new
organization, and a clear leader in the online B2B travel
channel
Sabre is buying out GetThere stock
GetThere shareholders will receive $17.75 for each
share of common stock
Who is GetThere?
Headquartered in Menlo Park, CA
Currently has 400 employees
Additional offices in many of the same cities as Sabre,
including:
Dallas
New York
London
Who is GetThere?
Provides B2B online travel services to travel suppliers, agents
and multi-GDS networks
Corporate customers include Boeing, Chevron, Cisco
Systems, Lucent, Nike
Transactions grew 173% between FY99 and FY2000
(513,000 to 1.4 million)
Revenues grew 140% in FY2000 from prior fiscal year
($6.4 million to $15.5 million)
Who is GetThere?
Provides web development and hosting for airlines and
travel agencies
United Airlines
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Northwest
TWA
America West
Cendant.com
Why are we acquiring GetThere?
Opportunity to become clear leader in online B2B travel
channel
Positions us to capture market share faster
Brings together unparalleled list of blue-chip
customers, representing an estimated $28 billion
in T&E spending
Sabre acquires talented and experienced staff
115 development and technical specialists
35 sales and marketing professionals
195 customer service representatives
Why are we acquiring GetThere?
Customers benefit from broader range of products and
services
Leveraging best of both technologies
New models offer more flexibility for travel buyers and
sellers
Enhanced value for shareholders
Creates cost synergies
Positions Sabre for increased growth and profitability
What GetThere offers
New business model for our online B2B travel services
Opportunities in the direct booking market
Cutting edge technology
Multi-GDS network offers customers options/flexibility
Large customer base; strong relationships
Both corporate and airline
What we offer
Cutting-edge products and services
History as innovator in travel services
New leadership
How does the acqisition affect you?
You will be part of a new organization within Sabre
You will remain a Sabre employee
Headquarters will be in Menlo Park, CA
Vast majority of BTS employees to remain in D/FW
GetThere employees will transition to Sabre upon closure of
transaction
Most will remain in current locations
Scott Smith will remain in senior management role
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What's changing now?
Until the transaction is approved and closed, it's business as
usual
No changes in reporting structure, job responsibilities or
operations
Continued focus on high-quality service to our customers
We are still competing with GetThere
Pay and benefits remain the same
Next steps
Customary approvals by shareholders and government
regulators for antitrust review and securities compliance
Estimated close in the next couple of months
Integration team to outline plan
Led by Tom Klein, Gadi Maier
Supported by Pete Steves on a dedicated basis
Keeping you informed
Information will be communicated as it's available
Information available on the BTS Team intranet site at
btsteam.sabre.com
To be updated regularly with new information
Send your questions here
Periodic dial-in employee conference calls with
management team as new information becomes available
Questions
