Wirecard Ag · HAM:WDI

Wirecard — H1 2011 Earnings Presentation

28 slides from Wirecard's earnings presentation, August 2011

  1. Slide 1: Wirecard AG – Investor Presentation 6 Months Results 2011

    Wirecard AG – Investor Presentation 6 Months Results 2011

  2. Slide 2: Agenda

    Agenda 1 2 3 Financial Data © 2011 Wirecard AG 2

  3. Slide 3: Key Figures: 6 Months Results of Fiscal 2011/2010

    Key Figures 6 Months Results of Fiscal 2011/2010 6M/2011 6M/2010 Change in % Results  Revenues EUR mn 147.9 123.8 +19%  EBITDA EUR mn 35.4 33.5 +6%  EBITDA EUR mn 40.6 33.5 +21% without one- offs  Earnings after taxes EUR mn 25.6 *26.8 -4%  Cash flow from EUR 27.7 26.4 +5% operating activities*

  4. Slide 4: Key Figures

    The Company Key Figures > 12,000 corporate customers from various industries < 500 employees 120 transaction currencies 85 payment and risk management solutions 7.1 billion euros in transaction volume as at June 30, 2011 © 2011 Wirecard AG 4

  5. Slide 5: Highlights 1st Half of Fiscal Year 2011

    The Company Highlights 1st Half of Fiscal Year 2011  Unchanged positive development on new customer gains, such as Berner Group, QVC Italy, airberlin, MEDION  Sustainable cross- and up-selling of products and services into existing customer base  New features/enhancement of product lines services

  6. Slide 6: Products and Services

    Company Products and Services Credit Card Acquiring Wirecard Bank Principal Member of Visa, MasterCard, licensed acquirer for China UnionPay, Discover/Diners and JCB Funds Transfer SWIFT, SEPA, IZV/AZV and domestic direct debit via Wirecard Bank Payment Processing Support of all major international

  7. Slide 7: USPs

    The Company USPs A particular unique selling point of the Wirecard Group is the centralization of payment transactions from many different distribution and procurement channels on a single platform  Combination of software technology and bank products  International orientation – a single platform

  8. Slide 8: Diversified Customer Portfolio – Various Industries

    The Company Diversified Customer Portfolio – Various Industries In the 1st half year of 2011 the transaction volume* amounted to EUR 7.1 billion (+22% yoy) and is allocated as at the end of the 2nd quarter 2011 to the individual target industry segments as follows: Transaction Volumes TRAVEL & TOURI

  9. Slide 9: Stock Performance YTD 2011

    Wirecard Stock Stock Performance YTD 2011 % Q2 130 Wirecard AG, indexed TecDAX, indexed 120 110 ISIN DE0007472060 WKN 747206 Ticker Symbol WDI Market Segment Prime Standard 100 Index TecDAX Number of Shares 101,803,139 90 Year High 2011 EUR 13.28 Year Low 2011 EUR 9.43 Closing Price (Xetra) EUR 12.3

  10. Slide 10: Shareholder Structure | August 18, 2011

    Wirecard Stock Shareholder Structure | August 18, 2011 MB Beteiligungsgesellschaft mbH 7.6 % (DE) *Jupiter Asset Management Limited 6.26 % (UK) *Alken Fund SICAV 5 % (LU) *Wasatch Holdings Inc. 3.1 % (US) *92.40% *Columbia Wanger AM LLC Freefloat 3.08 % (US) *Henderson Group Plc 3.04 % (UK) *Ameripr

  11. Slide 11: Agenda

    Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2011 3 Financial Data © 2011 Wirecard AG 11

  12. Slide 12: The Internet has established itself as a key distribution channel

    Growth drivers The Internet has established itself as a key distribution channel In 2011 Europe’s eCommerce market will continue to record a 13% growth (based on the outlook for the individual target sectors)  Consumer goods: two-digit growth yoy by ~10% 2010 to 2015 (EU-17 states) (Forrester 2011)

  13. Slide 13: Challenges for online merchants

    Growth drivers Challenges for online merchants  To benefit from significant savings potential by outsourcing their payment processing services  Continual new challenges with regards to payment systems and risk management solutions to combat fraud and minimize payment default, especially in cross b

  14. Slide 14: Key operative measures

    Wirecard Strategy Key operative measures To continue Extension of new customer relationships / Cross- / Up-Selling strategy potential within existing customer portfolio  Evolutionary expansion of customer relationships by providing new payment- and risk management solutions  To continually add int

  15. Slide 15: Asia – Future growth market

    Wirecard Strategy Asia – Future growth market New hubs in Singapore and Dubai  Expansion of banking network and partner network  Wirecard AG as European partner for internationally oriented Asian merchants New partnerships in China  China UnionPay: China‘s credit card brand is UNIONPAY: 2.38 bill

  16. Slide 16: Issuing@wirecard

    Wirecard Strategy Issuing@wirecard B2B Issuing Supplier & Commission Payments (SCP), Payout cards  Industry-specific card-based pay-out solutions: settlement of global payments at exact costs Co-branding cards, White labeling  e.g. Bonayou Co-Branding Card issued by Wirecard Bank B2C Issuing mywir

  17. Slide 17: Guidance Fiscal 2011: EBITDA between 81 and 89 million Euro

    Outlook Guidance Fiscal 2011: EBITDA between 81 and 89 million Euro 1st half of 2011: 5.2 mn euros one-off extraordinary expenses  included in EBITDA outlook  one-offs have been taken care of conclusively 2nd half of 2011:  Additional positive impact to be expected from Chinese partnerships and t

  18. Slide 18: Agenda

    Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2011 3 Financial Data © 2011 Wirecard AG 18

  19. Slide 19: Key Figures 6 Months 2010/2011

    Financial Data Key Figures 6 Months 2010/2011 in TEUR 6M/2011 6M/2010 Revenues 147,872 123,845 EBITDA 35,350 33,546 EBIT 31,810 30,866 Taxes 6,170 *3,769 Profit after Taxes 25,607 *26,776 EPS** 0.25 *0.26 Operating Cash flow*** 27,722 26,408 Shareholders’ Equity 305,215 262,720 Total Equity and Liab

  20. Slide 20: Revenues, Costs and EBITDA Growth 6 Months 2010/2011

    Financial Data Revenues, Costs and EBITDA Growth 6 Months 2010/2011 200,000 without one-off extraordinary expenses +19.4% 180,000 6M 2010 6M 2011 160,000 +18.9% 140,000 147,872 120,000 100,000 123,845 107,322* +20.9% 80,000 90,299 60,000 40,000 20,000 33,546 40,550* 0,000 Revenues Cost of materials

  21. Slide 21: Revenues, Costs and EBITDA Growth 6 Months 2010/2011

    Financial Data Revenues, Costs and EBITDA Growth 6 Months 2010/2011 200,000 +19.4% 180,000 6M 2010 6M 2011 160,000 +24.6% 140,000 147,872 120,000 100,000 123,845 112,522* 80,000 90,299 +6% 60,000 40,000 20,000 33,546 35,350* 0,000 Revenues Cost of materials EBITDA Incr./Decr. of invent. and own work

  22. Slide 22: Consolidated Income Statement 6 Months 2010/2011

    Financial Data Consolidated Income Statement 6 Months 2010/2011 of of in TEUR 6M/2011 Sales 6M/2010 Sales Revenues 147,872 123,845 Own work capitalized 3,435 2,531 Cost of materials (85,969) (58%) (67,137) (54%) Personnel expenses (14,042) (9%) (14,217) (11%) Other operating expenses (16,653) (11%)

  23. Slide 23: Financial comments 6 Months 2011/2010

    Financial Data Financial comments 6 Months 2011/2010 Income tax expenses 2010/2011 in % of profit in % of profit in TEUR 6M/2011 before taxes 6M/2010 before taxes Earnings before taxes 31,777 30,545 Taxes on income and profit (6,170) (19,4%) (3,769) (12,3%) thereof impact from deferred taxes from ou

  24. Slide 24: Payment Services Directive (PSD): new legislation

    Financial Data Payment Services Directive (PSD): new legislation EU Payment Services Directive (PSD) to be implemented in the local laws of the member states: in Germany from April 30, 2011. Payment Services Provider need a license to provide payment services  Wirecard Bank as a full licensed Germa

  25. Slide 25: Changes in Accounting – Example of a Card Transaction

    Financial Data Changes in Accounting – Example of a Card Transaction For demonstration purposes only: percentage payable to…. Result Until April 2011 Merchant Payment Card Organization/ Issuer Rev. 2.0 % 2.0% Service 1.5% Acquirer 1.0% Gross 1.0% Provider A&I PP&RM From May 2011 Card Organization/ M

  26. Slide 26: Balance Sheet as of June 30th, 2011 / Dec. 31, 2010

    Financial Data Balance Sheet as of June 30th, 2011 / Dec. 31, 2010 EQUITY AND ASSETS 06/30/2011 12/31/2010 06/30/2011 12/31/2010 LIABILITIES SHAREHOLDERS´ NON-CURRENT ASSETS 239,055 235,224 305,215 289,844 EQUITY - Goodwill 111,851 101,340 LIABILITIES 296,332 260,015 - Deferred tax assets 1,523 1,20

  27. Slide 27: 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

  28. Slide 28: Contact

    Contact Wirecard AG Einsteinring 35 85609 Aschheim / Munich == Germany > <— Investor Relations 7 Iris St6ckl Oo iris.stoeckl@wirecard:com CT: +49 (0) 89 4424 1424 > & - O wirecard No °o oO & = ce Zz ae ee eS la ee es iF me lO) See a , Fo OT 9o FF & ESE ? a Oo aie ee - Tr oOo FF SN x Fo rc fe) - a= P

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