Slide 1: Investor Presentation
Kapsch TrafficCom Investor Presentation. July 2017.
Slide 2: Kapsch. KTC: Leading entity of the Kapsch Group
Kapsch. KTC: Leading entity of the Kapsch Group. Kapsch founded in Vienna in 1892 Electronic industry Strong brand in Austria Three key entities ▪ Kapsch TrafficCom - KTC (Intelligent Transportation Systems) ▪ Kapsch BusinessCom (ICT solutions for enterprises) KTC: Tradition meets Future. ▪ Kapsch C
Slide 3: Kapsch TrafficCom. At a glance
Kapsch TrafficCom. At a glance. Provider of Intelligent Solid financials Transportation Systems ❖ Revenues ~EUR 650mn ❖ Tolling ❖ Sustainable dividend policy: (Electronic Toll Collection – ETC) Base dividend of EUR 1,-- ❖ Mobility (Intelligent Mobility Solutions – IMS) Global player Listed at Vienna
Slide 4: Strategy. Profitable and sustainable growth
Strategy. Profitable and sustainable growth. Top-line Profitability Sustainability growth ❖ Secure and expand the core business Price pressure in ETC: ❖ Long-term & sustainable management: 125 years of history ❖ Reduce the cluster risk ❖ Larger number of smaller projects with lower profitability ❖ S
Slide 5: Business model. One-stop-shop
Business model. One-stop-shop. In-vehicle components Transceivers & readers Cameras & sensors Toll & enforcement station Back office On-board units Programming Transceiver Mobile Reader Vehicle Vehicle Vehicle Stationary Mobile (OBUs) station reader detection registration classification enforcement
Slide 6: Portfolio. Integrated mobility solutions provider
Portfolio. Integrated mobility solutions provider July 2017 | Investor Presentation www.kapschtraffic.com | 6
Slide 7: Financials. Earnings overview
Financials. Earnings overview. All figures in EUR mn Revenues by Region FY 2016/17 unless otherwise stated 2016/17 +/- 2015/16 2014/15 Revenues 648.5 23% 526.1 456.4 30% EMEA EBITDA 77.8 1% 76.9 61.5 Americas 63% APAC EBITDA margin 12.0% -3%p 14.6% 13.5% 7% EBIT 60.1 -4% 62.3 32.7 EBIT margin 9.3% -
Slide 8: Other key financials
Other key financials. Balance sheet total Net investments Free cash flow Net credit/debt and equity ratio 14 100 40 750 12 30 33.8 90.7 12.3 80 600 648.8 20 10 19.6 60 68.2 10 450 515.6 513.7 EUR mn EUR mn EUR mn EUR mn 8 00 6 7.0 7.2 40 -10 300 42.6 43% 45% 4 35% -20 20 150 2 -30 -35.9 0 00 -40 00
Slide 9: Segment results
Segment results. Revenue share of IMS increased from 16.0% to 27.8%. ETC ETC revenues All figures in EUR mn 2016/17 +/- 2015/16 All figures in EUR mn 2016/17 +/- 2015/16 unless otherwise stated 26% unless otherwise stated Revenues 468.4 6.0% 442.1 66% Design & build 96.9 5.0% 92.3 8% EBIT 65.5 1) 2.
Slide 10: Outlook FY 2017/18
Outlook. FY 2017/18. Continue to grow the top line ▪ ETC Good potential in the USA Hope for greater momentum in Asia In EMEA, focus on nation-wide toll collection systems, e.g. in Poland, the Czech Republic and Bulgaria ▪ IMS As KTT integration has been completed, stronger focus on sales G
Slide 11: USP. What makes Kapsch TrafficCom unique?
USP. What makes Kapsch TrafficCom unique? Ability to develop tailored solutions – proven track record Close to our customers Domain know-how Integrated, one-stop-shop Global player ▪ Best practice ▪ Risk diversification A leading position in our core business Size and financial stability Listed (tra
Slide 12: Kapsch TrafficCom share
Kapsch TrafficCom share. ISIN: AT000KAPSCH9 Stock Ticker Symbol: KTCG Reuters: KTCG.VI Bloomberg: KTCG AV Shareholder Structure Institutional Investors by Region The Bank of New York Mellon Corporation/ Shareholder Value Management AG 04.0% Other 8.2% 13.9% UK & Ireland 22.4% Austria Institutional K
Slide 13: 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 14: Thank you for your attention
Thank you for your attention. Hans Lang Investor Relations Officer Kapsch TrafficCom Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria Phone: +43 50 811 1122 E-Mail: hans.lang@kapsch.net www.kapsch.net Please Note: The content of this presentation is the intellectual property of Kapsch AG and
Slide 15: Appendix
Kapsch > challenging limits Appendix.
Slide 16: Competition. Overview
Competition. Overview. Tolling Traffic Management Smart Urban Mobility Safety & Security Connected Cars ETC Highway Smart Parking Road Safety Enforcement V2X Automotive T-Systems | Autostrade Delcan | Q-Free | SwRI IPS Group | Worldsensing Redflex | Jenoptik | Sensys Delphi | Denso | Continental Q-F
Slide 17: Consolidation of Kapsch TrafficCom Transportation
Consolidation of Kapsch TrafficCom Transportation. Impact on FY 2016/17 results. Impact on the P&L Impact on the balance sheet* Other Revenues EUR +112.8mn Property, plant & equipment EUR 0.7mn Number of KTC Group employees thereof ETC EUR +21.8mn Intangible assets EUR 9.0mn up by approximately 900.
Slide 18: Promissory note bond. Successful Issue
Promissory note bond. Successful Issue. 2016 2021 Corner Stones of the Transaction Issue EUR 26mn EUR 62.0mn 1.22% p.a Volume: EUR 62mn + USD 14.5mn USD 14.5mn EUR 4.5mn 6M EURIBOR + 120bps 3 tenors (5/7/10 years) USD 14.5mn Partially fixed interest, partially variable 3M LIBOR + 170bps Rationale: ▪
Slide 19: Corporate milestones
Corporate milestones. 125 years in the ever-changing electronic industry. 1892 1991 2002 2007 2011 2016 Kapsch founded Toll collection division Activities structured in IPO of Capital Acquisition of KTT within Kapsch AG three autonomous Kapsch TrafficCom increase (Schneider Electric organizations: T
Slide 20: References in more than 50 countries
References in more than 50 countries. EMEA Total % 2016/17 EUR mn of total Global Total % Revenues 407.7 63% 2016/17 (EUR mn) of total thereof ETC 307.1 47% Revenues 648.5 thereof IMS 100.6 16% thereof ETC 468.4 72% thereof IMS 180.0 28% APAC Total % 2016/17 EUR mn of total Revenues 45.4 7% thereof
Slide 21: We make mobility solutions intelligent
We make mobility solutions intelligent to . enable users to arrive at their destination ❖ comfortably, ❖ on time, ❖ safely, ❖ efficiently, and ❖ with minimal environmental impact.