Slide 1: TomTom Q4 and FY 2014 results
TomTom Q4 and FY 2014 results Harold Goddijn – CEO Marina Wyatt – CFO 12 February 2015
Slide 2: Consumer
Consumer Operational highlights • Within DRIVE, we maintained our leading market position and continued to strengthen our navigation- based product offering • Rationalisation of the entire PND series to one software platform • Within SPORTS, we successfully expanded our DRIVE presence globally; 500,
Slide 3: Automotive & Licensing
Automotive & Licensing Operational highlights • Automotive bookings for 2014 above €220 million, to support growth from 2016 onwards • TomTom to deliver maps to Volkswagen Group in North America and traffic in Europe • Partnership with Fiat extended to deliver LIVE services and connected navigation
Slide 4: TomTom map-making platform
TomTom map-making platform • We are implementing a transactional map production technology that seamlessly integrates each step of the map-making process from change detection to publication • The new technology will enable our maps to be published incrementally with high quality and at fast cycle t
Slide 5: Telematics
Telematics Operational highlights 500 464 (x 1,000) • Telematics’ installed base increased to 464k, 400 330 a 41% YoY growth 300 239 180 200 134 • Acquisition of Fleetlogic completed in Q4 ’14 100 104 • Integration of the Coordina acquisition 0 completed WEBFLEET subscriber installed base (#) Strate
Slide 6: Financial highlights Q4 2014 and FY 2014
Financial highlights Q4 2014 and FY 2014 Fourth quarter • Group revenue of €258 million (Q4 '13: €268 million) • Gross margin of 51% (Q4 '13: 54%) • Cash flow from operating activities of €32 million (Q4 '13: €51 million) Full year • Group revenue of €950 million in 2014 (FY '13: €963 million) • Gro
Slide 7: Full year outlook 2015
Full year outlook 2015 • Revenue expected to grow to around €1 billion – Year on year growth is expected as of the second half of the year • Adjusted¹ EPS expected of around €0.20 • We will maintain the level of investment (both CAPEX and OPEX) in our core technologies. In particular we are investin
Slide 8: Thank you
Thank you Any questions? TOMTOMY
Slide 9: Revenue breakdown – annually
Revenue breakdown – annually FY '14 group revenue: €950 million; FY '13: €963 million Breakdown by segment1 Breakdown by category1 FY '14 FY '13 FY '14 FY '13 12% 9% 12% 12% 43% 42% 11% 11% 57% 58% 65% 68% Consumer €619 million Consumer €652 million Automotive €109 million Automotive €111 million Ha
Slide 10: Quarterly P&L statistics
Quarterly P&L statistics (€ in thousands) Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3 '14 Q4 '14 FY '14 FY '13 REVENUE 244,056 267,563 205,378 251,951 234,564 258,399 950,292 963,454 Cost of sales 106,573 124,126 88,089 112,089 101,271 125,517 426,966 442,207 GROSS RESULT 137,483 143,437 117,289 139,862 133,293
Slide 11: Quarterly balance sheet statistics
Quarterly balance sheet statistics (€ in thousands) 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 ASSETS NON-CURRENT ASSETS Goodwill 381,569 381,569 381,569 381,569 381,569 381,569 Other intangible assets 812,246 803,635 798,468 799,394 786,997 800,583 Other non-current assets 39,152 3
Slide 12: Quarterly cash flow statistics
Quarterly cash flow statistics (€ in thousands) Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3 '14 Q4 '14 FY '14 FY '13 Operating result 13,615 4,233 1,511 10,232 7,843 1,528 21,114 25,546 Financial gains/(losses) -323 -3,179 380 -34 150 -2,452 -1,956 -7,757 Depreciation and amortisation 27,416 29,083 28,184 26,673
Slide 13: Impact of FX rate changes
Impact of FX rate changes QUARTERLY Actual key Q4 '14 financials recalculated based on last year (Q4 '13) and last quarter (Q3 '14) FX rates (€ in millions) Q4 '14 Q4 '14 recalc. based on Q4 '14 recalc. based on Actual Q4 '13 FX rates Q3 '14 FX rates REVENUE 258 253 255 Cost of Sales 126 119 120 GRO
Slide 14: Outstanding shares and adjusted earnings per share Q4 '14
Outstanding shares and adjusted earnings per share Q4 ‘14 Common shares outstanding end of Q3 '14 223,389,812 Common shares outstanding end of Q4 '14 223,569,822 Average shares outstanding in Q4 '14 223,540,473 (A) In the money share options as of Q3 '14 16,831,270 In the money share options as of Q
Slide 15: Deferred revenue balance by segment
Deferred revenue balance by segment (€ in millions) 31 December 2014 31 December 2013 y.o.y. change 1 Consumer 104.8 83.9 20.9 Automotive 12.6 6.1 6.5 Licensing 25.6 23.5 2.2 Telematics 2.7 0.4 2.3 Total deferred revenue 145.7 113.8 31.9 1 Change percentages are based on non-rounded figures. 15
Slide 16: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of TomTom NV and its subsidiaries (referred to as 'the company' or ‘the group’) and certain of the plans and objectives of the company with respect to