Slide 1: TomTom Q1 2014 results
TomTom Q1 2014 results Harold Goddijn – CEO Marina Wyatt – CFO 29 April 2014
Slide 2: Consumer: Operational highlights Q1 2014
Consumer Operational highlights Q1 2014 • Launch of TomTom Cardio GPS sport watches with integrated heart rate monitor • TomTom BRIDGE, a programmable driver terminal designed for B2B customers, announced TOMTOM CARDIO GPS SPORTS WATCHES • Latest generation of PNDs introduced in North America Strate
Slide 3: Automotive & Licensing: Operational highlights Q1 2014
Automotive & Licensing Operational highlights Q1 2014 MODULAR CNS • Partnership with Fiat Chrysler Automotive extended for: COMPONENTS − Alfa Romeo MiTo MY 2014 model, and USER INTERFACE − FIAT 500L models NAVIGATION SOFTWARE FRESH MAPS • TomTom Traffic service expanded to China, Taiwan and TRAFFIC
Slide 4: Our new map making platform – TomTom real-time maps
Our new map making platform – TomTom real-time maps • Real-time map making platform going live by the end of 2014 • With real-time maps, latency - between changes in the real world and the map on the end- user’s device - is reduced to the absolute minimum – creating superb customer experience • Uniq
Slide 5: Telematics: Operational highlights Q1 2014
Telematics Operational highlights Q1 2014 • 348,000 vehicles subscribed to our WEBFLEET SaaS platform, a 38% increase YoY • Launch of LINK200, an entry-level device offered on a rental basis in combination with a WEBFLEET Lite subscription LINK200 • Acquisition of DAMS Tracking’s installed base, rei
Slide 6: Financial highlights Q1 2014
Financial highlights Q1 2014 • Group revenue of €205 million in 2013 (Q1 '13: €202 million) • Gross margin of 57% (Q1 '13: 56%) • OPEX of €116 million (Q1 '13: €112 million) • EBIT of €2 million (Q1 '13: €0 million) • Adjusted¹ EPS of €0.08, of which €0.04 relates to one-off tax gain (Q1 '13: €0.03)
Slide 7: Full year outlook 2014 updated
Full year outlook 2014 updated April 2014 guidance • Revenue of at least €900 million • Adjusted¹ EPS of around €0.25, including one-off tax gain of €0.04 in Q1 '14 ¹Earnings per share adjusted for acquisition-related amortisation & gain on a post-tax basis NOTE: February 2014 guidance: Revenue of a
Slide 8: Thank you
Thank you Any questions? TOMTOMY
Slide 9: Revenue breakdown – quarterly
Revenue breakdown – quarterly Q1 '14 group revenue: €205 million; Q1 '13: €202 million Breakdown by segment1 Breakdown by category1 Q1 '14 Q1 '13 Q1 '13 Q1 '14 12% 10% 15% 13% 48% 50% 50% 52% 61% 14% 61% 14% Consumer € 125 million Consumer € 124 million Automotive € 29 million Automotive € 29 millio
Slide 10: Quarterly P&L statistics
Quarterly P&L statistics (€ in thousands) Q4 '12 Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 FY '13 REVENUE 289,010 201,589 250,246 244,056 267,563 205,378 963,454 Cost of Sales 134,678 89,123 122,386 106,573 124,126 88,089 442,207 GROSS RESULT 154,332 112,466 127,860 137,483 143,437 117,289 521,247 Research
Slide 11: Quarterly balance sheet statistics
Quarterly balance sheet statistics (€ in thousands) 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 ASSETS NON-CURRENT ASSETS Goodwill 381,569 381,569 381,569 381,569 381,569 381,569 Other intangible assets 821,233 811,827 809,964 812,246 803,635 798,468 Other non-current assets 44,260 4
Slide 12: Quarterly cash flow statistics
Quarterly cash flow statistics (€ in thousands) Q4 '12 Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Operating result 24,639 48 7,648 13,615 4,233 1,511 Financial gains/(losses) -4,226 -2,643 -1,610 -323 -3,179 380 Depreciation and amortisation 28,528 28,708 32,212 27,416 29,083 28,184 Other 282 -582 2,276 -3,
Slide 13: Impact of FX rate changes – quarterly
Impact of FX rate changes – quarterly Actual key Q1 '14 financials recalculated based on last quarter (Q4 '13) FX rates and last year (Q1 '13) FX rates (€ in thousands) Q1 '14 Q1 '13 Q4 '13 REVENUE 205 207 206 Cost of Sales 88 90 89 GROSS RESULT 117 117 117 Gross margin 57% 56% 57% P&L RATES IN € US
Slide 14: Outstanding shares
Outstanding shares Common shares outstanding end of Q4 '13 222,176,212 Common shares outstanding end of Q1 '14 222,191,212 Average shares outstanding in Q1 '14 222,190,879 (A) In the money share options as of Q4 '13 7,474,500 In the money share options as of Q1 '14 7,200,100 Average potential diluti
Slide 15: Deferred revenue
Deferred revenue IFRS deferred revenue for Lifetime Maps (LTM) and Lifetime Traffic (LTT) example (Estimated) fair value per Price (ASP) bundled component Allocation of revenue product 10% (LTM) €20 (LTM) Deferred and released 15% (LTT) €30 (LTT) over 48 months Sales price PND €200 75% €150 Recognis
Slide 16: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of TomTom NV and its subsidiaries (referred to as 'the company' or ‘the group’) and certain of the plans and objectives of the company with respect to