Slide 1: TomTom Q3 2013 results
TomTom Q3 2013 results Harold Goddijn – CEO Marina Wyatt – CFO 30 October 2013
Slide 2: Operational highlights Q3 2013
Operational highlights Q3 2013 › Consumer › New generation of PNDs widely available in Europe › Our GPS sports watches available in 21 countries › Communication campaigns launched › Automotive & Licensing › Real-time traffic information service shipped into new Daimler lines › R-Link ranked as the b
Slide 3: Financial highlights Q3 2013
Financial highlights Q3 2013 › Group revenue of €244 million (Q3 '12: €274 million) › Gross margin of 56% (Q3 '12: 55%) › OPEX of €124 million (Q3 '12: €118 million) › Adjusted¹ EPS of €0.10 (Q3 '12: €0.14) › Net cash flow from operating activities of €71 million (Q3 '12: €50 million) › Net cash pos
Slide 4: Outlook FY2013
Outlook FY2013 › Revenue towards the higher end of the previous outlook of between €900 and €950 million › Adjusted¹ EPS of around €0.25 (previously around €0.20) ¹Earnings per share adjusted for acquisition-related amortisation & gain on a post-tax basis 4
Slide 5: Thank you Any questions?
Thank you Any questions?
Slide 6: Revenue breakdown - quarterly
Revenue breakdown - quarterly Q3 '12: €274 million Q3 '13: €244 million by business unit by business unit Business Business Solutions Consumer Consumer Solutions 7% 63% 62% 9% Licensing Licensing 12% 11% Automotive Automotive 18% 18% by category by category C&S C&S 38% 38% Hardware Hardware 62% 62%
Slide 7: Quarterly P&L statistics
Quarterly P&L statistics in € millions Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Q3 '13 Revenue 262 274 289 202 250 244 Consumer 155 172 187 101 149 151 Automotive 60 49 44 51 52 44 Licensing 29 33 37 30 29 28 Business Solutions 18 19 20 19 20 21 Gross result 136 150 154 112 128 137 Gross margin 52% 55% 53
Slide 8: Quarterly cash flow statistics
Quarterly cash flow statistics in € millions Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Q3 '13 Operating result 14 32 25 0 8 14 Depreciation and amortisation 27 27 29 29 32 27 Financial (losses)/gains 1 (0) (4) (3) (2) (0) Other 5 (5) 0 (1) 2 (4) Changes in working capital (28) 0 49 2 (13) 38 Cash flow from
Slide 9: Quarterly balance sheet statistics
Quarterly balance sheet statistics in € millions 30 Jun '12 30 Sep '12 31 Dec '12 31 Mar '13 30 Jun '13 30 Sep '13 Goodwill 382 382 382 382 382 382 Other intangible assets 847 836 821 812 810 812 Other non-current assets 44 41 44 44 39 39 Inventories 64 59 44 53 47 56 Receivables, prepayments & deri
Slide 10: Impact of FX rate changes
Impact of FX rate changes Actual gross result recalculated based on last quarter FX rates and last year FX rates Q3 '13 Q3 '12 Q2 '13 in € millions rates rates rates Revenue 244 250 246 Cost of sales 107 111 108 Gross margin 56% 56% 56% Gross result 137 139 138 P&L rates in € US dollar 1.32 1.25 1.3
Slide 11: Outstanding shares
Outstanding shares Common shares outstanding end of Q2 '13 221,940,012 Common shares outstanding end of Q3 '13 221,940,012 Average shares outstanding in Q3 '13 221,940,012 (A) In the money share options as of Q2 '13 7,267,700 In the money share options as of Q3 '13 7,574,500 Average potential diluti
Slide 12: Deferred revenue
Deferred revenue IFRS deferred revenue for Lifetime Maps (LTM) and Lifetime Traffic (LTT) example (Estimated) fair value Price (ASP) Allocation of revenue per component bundled product 10% (LTM) €20 (LTM) Deferred and released over 15% (LTT) €30 (LTT) 48 months Sales price PND €200 75% €150 Recognis
Slide 13: Disclaimer
Disclaimer This Presentation has been produced by TomTom N.V. (the “Company”) and is furnished to you solely for your information. This document contains certain forward-looking statements relating to the business, financial performance and results of the Company and the industry in which it operate