Wirecard AG · HAM:WDI
Wirecard — Q3 2013 Earnings Presentation
25 slides from Wirecard's earnings presentation, November 2013
Slide 1: Wirecard AG 2013 Q3/9M Results Investor Presentation
Wirecard AG 2013 Q3/9M Results Investor Presentation November 2013 © 2013 Wirecard AG 1
Slide 2: Content
Content 1. Key Figures Q3/9M 2013 Latest Developments 2. Products and Solutions 3. Growth Drivers, Strategy and Outlook 4. Financial Data © 2013 Wirecard AG 2
Slide 3: 1. Key Figures Q3/9M 2013 Latest Developments
1. Key Figures Q3/9M 2013 Latest Developments © 2013 Wirecard AG 3
Slide 4: Group results 9M/2013
Key Figures Q3/9M 2013 Group results 9M/2013 9M 2013 9M 2012 Transaction volume EUR bn 19.0 14.9 +28% Revenues EUR mn 341.1 279.5 +22% EBITDA EUR mn 89.8 78.1 +15% EBIT EUR mn 71.4 66.2 +8% Operating cash flow* EUR mn 77.9 65.3 +19% Profit after taxes EUR mn 56.8 52.9 +7% Outlook: Management Board h
Slide 5: Diversified Customer Portfolio – Target Industries
Latest Developments Q3/9M 2013 Diversified Customer Portfolio – Target Industries In the first 9 months of 2013 the transaction volume* amounted to EUR 19.0 billion (+ 27.5% yoy) of which EUR 3.0 billion (15.8%) was generated in Asia. The allocation as at the end of the 3rd quarter 2013 to the indiv
Slide 6: Highlights YTD 2013
Latest Developments Q3/9M 2013 Highlights YTD 2013 payplugger: The new Wirecard payment portal payplugger is fast and easy to use. The online-configurator allows SME merchants to sign-up in an online environment and start to receive payments from their web shop within just 48 hours. SAP: Wirecar
Slide 7: Overview M&A activities in Asia 2012 / 2013
Latest Developments Q3/9M 2013 Overview M&A activities in Asia 2012 / 2013 PrimaVista Trans Infotech Pte. Ltd. Payment Link Pte. Ltd. Jakarta, Indonesia Singapore Singapore, Malaysia Consolidated; December 2012 Consolidated; April 2013 Consolidated; October 31, 2013 Payment solutions for Leading Pro
Slide 8: 2. Products and Solutions
wirecard 2. Products-ane Solutions
Slide 9: Products and Solutions
Products and Solutions © 2013 Wirecard AG 9
Slide 10: Products and Solutions
Products and Solutions © 2013 Wirecard AG 10
Slide 11: Wirecard provides all ingredients for co-branded mobile wallet programs (white-label)
Products and Solutions Wirecard provides all ingredients for co-branded mobile wallet programs (white-label) FINANCIAL Wirecard Bank AG / Co-Brand / 3rd Party Wirecard Card Solutions Ltd. SERVICES LICENSE Wirecard Co-Brand / 3rd Party CARD ISSUER MasterCard/VISA issuing license Call centre / Mobile
Slide 12: 3. Growth Drivers, Strategy and Outlook
3. Growth Drivers, Strategy and Outlook © 2013 Wirecard AG 12
Slide 13: Online, offline, mobile commerce are converging – mobile internet use to accelerate
Growth Drivers, Strategy and Outlook Online, offline, mobile commerce are converging – mobile internet use to accelerate Growth in European online retail: by ~11% - 12% yoy average from 2011 to 2017 (EU-17 states) (Forrester 2013) European online travel market to grow by ~7% yoy (2013 to 2014) (Ph
Slide 14: New Business Field: Mobile Payment
Growth Drivers, Strategy and Outlook New Business Field: Mobile Payment Mobile commerce to grow by 10.6% yoy average through to 2018 as a result of the spread of smartphones and tablets (Frost & Sullivan 2013) New solutions (prepaid- or online-based or mobile or contactless payments) increase th
Slide 15: Outlook
Growth Drivers, Strategy and Outlook Outlook Fiscal Year 2013: The Management Board has specified the previous forecast of EUR 120 to 130 million, to a more precise EBITDA outlook of between EUR 123 to 128 million (taking investments of EUR 25 million for mobile payment business into account) Guidan
Slide 16: 4. Financial Data
wirecard I 4. Financial Data
Slide 17: Key Figures 9M/2013
Financial Data Key Figures 9M/2013 in EUR K 9M 2013 9M 2012 Change Revenues 341,119 279,538 +22% EBITDA 89,793 78,128 +15% EBIT 71,400 66,237 +8% Profit after Taxes 56,758 52,941 +7% Operating cash flow* 77,900 65,254 +19% Shareholders’ equity 584,422 520,470 +12% Total equity and liabilities 1,251,
Slide 18: Revenues, Costs & EBITDA Growth 9M/2013
Financial Data Revenues, Costs & EBITDA Growth 9M/2013 in EUR K 500,000 9 Months 2012 incl. investments for mobile payment business 9 Months 2013 incl. investments for mobile + 22.0 % payment business 400,000 341,119 + 24.8 % 300,000 279,538 251,326* + 15.0 % 200,000 201,410 100,000 78,128 89,793* 0
Slide 19: Revenues, Costs & EBITDA Growth 9M/2013
Financial Data Revenues, Costs & EBITDA Growth 9M/2013 in EUR K Adjusted Mobile Payment expenses 500,000 9 Months 2012 excl. investments for mobile payment business 9 Months 2013 excl. investments for mobile + 22.0% payment business 400,000 341,119 + 21.4 % 300,000 279,538 244,526* + 23.6 % 200,000
Slide 20: Development Acquiring & Issuing Segment 9M/2013
Financial Data Development Acquiring & Issuing Segment 9M/2013 in EUR K Revenues EBITDA 9M 2013 9M 2012 Change in % 9M 2013 9M 2012 Change in % Acquiring & Issuing Segment 123,926 102,745 +21% 21,380 17,827 +20% Acquiring 94,835 78,675 +21% 11,953 9,891 +21% Issuing 29,091 24,070 +21% 9,427 7,936 +1
Slide 21: Consolidated Income Statement 9M/2013
Financial Data Consolidated Income Statement 9M/2013 in EUR K 9M 2013* of revenues 9M 2012 of revenues Revenues 341,119 279,538 Own work capitalized 14,781 6,317 Cost of materials (202,540) (59.4%) (160,842) (57.5%) Personnel expenses (34,481) (10.1%) (26,885) (9.6%) Other operating expenses (31,220
Slide 22: Taxes on Income 9M/2013
Financial Data Taxes on Income 9M/2013 in EUR K 9M 2013 in % of earnings 9M 2012 in % of earnings before taxes before taxes Earnings before taxes 68,090 65,267 Taxes on income and profit (11,332) (16.6%) (12,326) (18.9%) thereof impact from deferred taxes (1,746) (1,225) thereof actual income taxes
Slide 23: Balance Sheet as of September 30, 2013 / December 31, 2012
Financial Data Balance Sheet as of September 30, 2013 / December 31, 2012 in EUR K Assets 09/30/2013 12/31/2012 Equity and liabilities 09/30/2013 12/31/2012 Non-currrent assets 536,935 459,874 Shareholders’ equity 584,422 541,730 Goodwill 144,075 142,149 Liabilities 667,487 586,154 Deferred tax asse
Slide 24: Disclaimer
Disclaimer This presentation contains explicit and implicit forward-looking statements concerning Wirecard AG, its affiliated companies and their business. These statements are subject to various known and unknown risks, uncertainties and other factors due to which the actual events, financial condi
Slide 25: Contact Wirecard AG
Contact Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany Investor Relations Iris Stöckl iris.stoeckl@wirecard.com T: + 49 (0) 89 4424 1424 © 2013 Wirecard AG 25