Slide 1: Investor Presentation
Kapsch TrafficCom Investor Presentation. August 2020.
Slide 2: Kapsch TrafficCom. At a glance.
Kapsch TrafficCom. At a glance. Provider of Intelligent Solid financial parameter Transportation Solutions ▪ Revenues: ~ EUR 730 mn ▪ Tolling ▪ Employees: ~5,000 (Electronic Toll Collection – ETC) ▪ Presence: >30 countries ▪ Mobility (Intelligent Mobility Solutions – ▪ References: >50 countries IMS)
Slide 3: Relevant mega trends & drivers for the ITS industry
Relevant mega trends & drivers for the ITS industry... ... and how Kapsch TrafficCom addresses them. Financing transportation networks. Urbanization. Kapsch TrafficCom’s approach. USD 900 billion* p.a. must be invested in road infrastructure Share of people living in cities: Urban population: Help d
Slide 4: Business model. Overview.
Business model. Overview. Cover the customers’ entire value chain as a one-stop-shop. High degree of flexibility when responding to customer needs: From components, to building complete turnkey systems, to operating them. Components Implementation Operations Operations. Service Develop, produce (Aus
Slide 5: Business model. System integrator with in-house production
Business model. System integrator with in-house production of hardware and software. Key components and systems (hardware and software) are developed and produced in-house. Hardware Software In-vehicle products. Commercial back office (tolling) On-board units, transponders Traffic management (DYNAC®
Slide 6: Business model. Customers and competition.
Business model. Customers and competition. Customers. Public agencies Municipalities Private concessionaires Public-private partnerships Consumers (mainly USA) Competition. Fragmented market ▪ Regionally ▪ Depending on solution/application ▪ Technologically Most competitors are (a rather small) part
Slide 7: Reporting segments
Reporting segments. ELECTRONIC TOLL COLLECTION (ETC) INTELLIGENT MOBILITY SOLUTIONS (IMS) ▪ Pioneer and technology leader in electronic toll collection. ▪ Broad set of solutions and services addressing different aspects ▪ Unique experience in nation-wide tolling systems. of traffic and mobility. ▪ E
Slide 8: USP
USP. What makes Kapsch TrafficCom unique? Ability to develop tailored solutions – proven track record More than 125 years in the technology industry Close to our customers Deep and comprehensive domain know-how Broad variety of technologies, prime quality Integrated, one-stop-shop Only real global p
Slide 9: Financial results. Q1 2020/21.
Financial results. Q1 2020/21.
Slide 10: Q1 2020/21 Highlights
Q1 2020/21. Highlights. Some effects from previous year continue to pose a challenge: ▪ termination of several major projects, ▪ ongoing personnel shortage in North America, ▪ additional expenses for the implementation of new software lead to a decline in revenues and earnings. No dividend for 2019/
Slide 11: Q1 2020/21 Other key financials
Q1 2020/21. Other key financials. Balance sheet total Net CAPEX Free cash flow Net cash/debt and equity ratio 12 11.4 10 800 715.9 727.2 0 676.8 2.4 700 10 0 -50 600 8 in EUR mn in EUR mn in EUR mn in EUR mn 500 -4.6 -100 6 -10 400 36% 4.4 -150 -133.4 300 4 25% 26% -20 200 -200 -175.7 2 0.6 -204.9 1
Slide 12: Q1 2020/21 Segment results
Q1 2020/21. Segment results. ELECTRONIC TOLL COLLECTION (ETC) INTELLIGENT MOBILITY SERVICES (IMS) All figures in EUR mn Q1 Q1 All figures in EUR mn Q1 Q1 unless otherw ise stated 2019/20 2019/20 2020/21 +/- unless otherw ise stated 2019/20 2019/20 2020/21 +/- Revenues 563.5 147.0 106.0 -28% Revenues
Slide 13: Dividends
Dividends. Dividend policy* At least the higher of 1/3 of the earnings per share (EPS) and EUR 1. Depending on economic development, the market environment and capital needs for upcoming projects, the dividend payment can be higher or lower. ... ... However, within a reference period of 3 years, the
Slide 14: Kapsch TrafficCom share
Kapsch TrafficCom share. Shareholder structure Institutional investors by region Research coverage* Erste Group Accumulate EUR 23.00 Kepler Cheuvreux Hold EUR 22.00 ODDO Seydler Bank/FMR Hold EUR 16.50 Source: Shareholder survey from March 2020 Raiffeisen Centrobank Hold EUR 30.00 * As per August 12
Slide 15: Share price development (last 12 months)
Share price development (last 12 months). Kapsch TrafficCom and ATX Prime. Best bidder for a Claims against New project: Tender, which tolling project in Federal Republic of Long-term tolling saw KTC as best EMEA region Germany quantified contract in USA bidder, terminated 120 100 80 72 Q1 H1 60 Div
Slide 16: Disclaimer
Disclaimer. This presentation is made by Kapsch TrafficCom AG (“Kapsch TrafficCom”) solely for use at this Given these risks, uncertainties and other factors, recipients of this document are cautioned not presentation. It is furnished to you solely for your information and its content may not be cop
Slide 17: Thank you for your attention
Thank you for your attention. Kapsch TrafficCom Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria P: +43 50 811 - 0 ir.kapschtraffic@kapsch.net www.kapschtraffic.com/ir Please Note: The content of this presentation is the intellectual property of Kapsch TrafficCom AG and all rights are reserv
Slide 18: Appendix. References and recent major projects
Appendix. References and recent major projects.
Slide 19: References in more than 50 countries
References in more than 50 countries. EMEA All figures in EUR mn % of total unless otherwise stated 2019/20 Global Revenues 403.5 55% All figures in EUR mn % thereof ETC 315.0 43% unless otherwise stated 2019/20 of total thereof IMS 88.5 12% Revenues 731.2 thereof ETC 563.5 77% thereof IMS 167.7 23%
Slide 20: Overview: Major project. Tolling in Belle Chasse
Overview: Major project. Tolling in Belle Chasse (Louisiana, USA). About the project Belle Chasse Belle Chasse is part of the Greater New Orleans Implementation of an electronic toll collection system on a newly built Metropolitan area. The population is about 13,000. bridge followed by commercial a
Slide 21: Overview: Major project. Tolling in Maryland
Overview: Major project. Tolling in Maryland (USA). About the project Maryland Capital: Annapolis Contract to replace and maintain all roadside tolling equipment in the Currency: US dollar (USD) mixed-mode, cash, and express toll lanes under management of the Population: 6.1 million Maryland Transpo
Slide 22: Overview: Major project. Port Authority of New York and New Jersey
Overview: Major project. Port Authority of New York and New Jersey (USA). About the projects Port Authority of New York and New Jersey 1. Tolling (2016) Interstate agency Established 1921 Replace the toll collection system at all bridges and tunnels and Financially self-supporting public agency ongo
Slide 23: Appendix. Miscellaneous
Kapsch > challenging limits Appendix. Miscellaneous.
Slide 24: Promissory note bond & long-term bank loan
Promissory note bond & long-term bank loan. 2016 2021 Corner stones of the promissory note bond Promissory note bond PNB: EUR -26mn (PNB) Issued 2016 PNB: EUR -4.5mn EUR 62.0mn PNB: USD -14.5mn Volume: EUR 62mn + USD 14.5mn USD 14.5mn 3 tenors (5/7/10 years) Partially fixed interest, partially varia
Slide 25: Overview of Kapsch TrafficCom's offices
Ovierview of Kapsch TrafficCom‘s offices. As of March 31, 2020. Czech Republic 1 Austria 8 Sweden 3 Canada 1 Germany 3 Russia 1 Lithuania 1 Netherlands 1 Poland 1 USA 29 Kazakhstan 1 UK 1 Belarus 1 France 1 Slovenia 1 Spain 19 Italy 1 Bulgaria 1 Mexico 3 Saudi Arabia 3 Puerto Rico 1 UAE 1 Panama 1 B
Slide 26: Corporate milestones (1)
Corporate milestones (1). More than 125 years in the ever-changing electronic industry. 1892 Morse telegraph devices 1995 2002 2007 Telephones (fixed and mobile) Kapsch founded Capacitors and dry batteries Contract for the realization of Kapsch Aktiengesellschaft IPO of Kapsch TrafficCom Radios, inc
Slide 27: Corporate milestones (2)
Corporate milestones (2). More than 125 years in the ever-changing electronic industry. 2007 2011 2016 IPO of Kapsch TrafficCom Capital increase Acquisition of the transportation business Nation-wide ETC system in Czech USA: Selected by E-ZPass Group of Schneider Electric Republic goes into operatio
Slide 28: We make traffic solutions intelligent
We. make traffic solutions intelligent. Why is this so important to us? ❖ Because we want you to reach your destination quickly, comfortably, and safely. ❖ Because we want to enable our customers to provide the very best service at a low cost. ❖ Because we want to protect the environment.