Slide 1: Q4 2023 Results
Q4 2023 Results Harold Goddijn – CEO Taco Titulaer – CFO 2 February 2024
Slide 2: Strategic overview
Strategic overview 2023 2024 • Launch of TomTom Orbis Maps • Further enhance our products and several AI-based products and services portfolio Product • Advancement of data • Leverage new technologies to innovation standardization and collaborative drive innovation and improve mapmaking approach eff
Slide 3: Financial highlights for the quarter
Financial highlights for the quarter • Group revenue of €143m (up from €139m in Q4 ’22) • Location Technology revenue of €125m (up from €118m in Q4 ’22) • Automotive operational revenue of €83m (up from €82m in Q4 ’22) 3 © 2024 TomTom
Slide 4: Financial highlights for the year
Financial highlights for the year • Group revenue of €585m (up from €536m in FY ’22) • Location Technology revenue of €491m (up from €436m in FY ’22) • Automotive operational revenue of €343m (up from €296m in FY ’22) • Free cash flow1 of €32m (improved from an outflow of €29m in FY ’22) • Net cash
Slide 5: Automotive backlog
Automotive backlog 2.5 2.4 • Automotive backlog is defined as the cumulative expected IFRS revenue from all awarded Automotive deals • Automotive awards do not include minimum volume or purchase commitments. Volumes are 56% based on estimates of car sales and take rates • Year-on-year change of the
Slide 6: Outlook 2024
Outlook 2024 Outlook Actual in € million 2024 2023 Group revenue 570 - 610 585 Location Technology revenue 490 - 520 491 FCF1 as % of Group revenue > 5% 5% 1 Free cash flow in 2023 excludes restructuring charges related to the Maps realignment announced in June 2022 6 © 2024 TomTom
Slide 7: Thank you Any questions?
Thank you Any questions? 7 © 2024 TomTom
Slide 8: Revenue breakdown
Revenue breakdown By segment By type FY ’23 FY ’22 FY ’23 FY ’22 16% 19% 11% 13% €585m €536m €585m €536m 84% 81% 89% 87% Location Technology Software & content Consumer Hardware 8 © 2024 TomTom
Slide 9: P&L
P&L (€ in thousands) Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 FY '23 FY '22 Automotive 62,446 77,070 81,120 90,898 82,476 87,806 342,300 259,978 Enterprise 45,894 40,453 36,905 37,296 36,760 37,403 148,364 176,424 Location Technology 108,340 117,523 118,025 128,194 119,236 125,209 490,664 436,402 C
Slide 10: Balance sheet
Balance sheet (€ in thousands) 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 50,147 42,917 36,534 30,427 25,170 20,275 Other contract related assets 28,329 30,627 32,806 34,632 33,478 35,019 Lease assets, PP&E a
Slide 11: Cash flow
Cash flow (€ in thousands) Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 FY '23 FY '22 Operating result -17,785 -4,529 2,647 -3,557 -8,738 -10,360 -20,008 -97,613 Foreign exchange adjustments 4,340 -3,933 38 -1,027 1,118 -1,343 -1,214 6,373 Depreciation and amortization 13,720 13,339 12,508 11,180 9,837
Slide 12: Outstanding shares
Outstanding shares 1 Shares held in treasury of 4,717,362 are taken into account when calculating the weighted average shares outstanding. 2 The average share price for the quarter was €6.11 and the average share price for the year was €6.93. 12 © 2024 TomTom
Slide 13: Important notice
Important notice Disclaimer This document contains certain forward-looking statements with respect to the financial position and results of TomTom’s activities. We have based these forward-looking statements on our current expectations and projections about future events, including numerous assumpti
Slide 14: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands 14 © 2024 TomTom