Slide 1: Q1 2020 Results
Q1 2020 RESULTS Harold Goddijn – CEO Taco Titulaer – CFO 15 APRIL 2020
Slide 2: COVID-19
COVID-19 • Revenue down • Adjusted to the new reality swiftly and decisively • Strong deal activity and product delivery • Strong debt-free balance sheet 1 / 15
Slide 3: Operational highlights
Operational highlights • Verizon integrates TomTom’s Maps APIs and SDKs into its location services offering • TomTom, Toyota Research Institute - Advanced Development, Inc. and DENSO collaborate on advanced mapmaking for automated driving • Traffic data widely used to monitor consequence of COVID- 1
Slide 4: Financial highlights
Financial highlights • Group revenue of €131 million (Q1 '19: €170 million) • Gross margin of 78% (Q1 ‘19: 72%) • Free cash flow of €14 million (Q1 '19: -€20 million) • Net cash of €432 million (Q1 '19: €241 million) • Share buyback suspended until further notice; 2.4 million shares purchased for €1
Slide 5: 2020 Outlook
2020 Outlook • Withdrawn full year guidance • Automotive revenue impacted by factory closures • Consumer revenue impacted by retail closures • Continue to invest in R&D in line with strategy • Negative free cash flow expected in 2020 3 / 15
Slide 6: Thank you – Any questions?
Thank you — ec... IN Any questions? a i.
Slide 7: Revenue breakdown
Revenue breakdown BY SEGMENT BY TYPE Q1 ‘19 Q1 ‘20 Q1 ‘19 Q1 ‘20 20% 30% 30% 39% €170m €131m €170m €131m 61% 70% 70% 80% Location Technology Software & content Consumer Hardware 10 / 15
Slide 8: P&L
P&L (€ in thousands) Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 Q1 '20 REVENUE 173,999 169,527 210,803 164,206 156,223 131,197 Automotive 73,397 65,126 75,944 55,404 69,190 49,788 Enterprise 33,225 37,833 40,156 41,141 41,187 41,481 Consumer 67,377 66,568 94,703 67,661 45,846 39,928 Cost of sales 56,638 48,
Slide 9: Balance Sheet
Balance Sheet (€ in thousands) 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 ASSETS Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 634,728 613,978 509,597 444,646 380,160 312,168 Other contract related assets 24,497 27,715 21,606 23,679 23,923 26,519 Other n
Slide 10: Cash flow
Cash flow (€ in thousands) Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 Q1 '20 Operating result -45 5,824 -82,959 -57,085 -77,721 -77,747 Financial gains/(losses) 1,420 -437 -208 1,424 -1,098 145 Depreciation and amortization 43,666 31,971 113,942 72,939 73,133 72,305 Other 7,530 -196 -1,764 -12,608 -9,031 80
Slide 11: Outstanding shares
Outstanding shares Q1 '20 Common shares outstanding at the end of the period 132,366,672 Shares in issue at the beginning of the period 131,541,998 Shares in issue at the end of the period 129,955,625 Average shares in issue during the period 1 131,689,745 [A] In the money share options at the begin
Slide 12: 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 13: TomTom NV contact details
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands ir@tomtom.com +31 20 757 5194 www.tomtom.com/investors