Slide 1: Q4 2019 Results Presentation
Harold Goddijn – CEO Taco Titulaer – CFO 5 FEBRUARY 2020
Slide 2: Operational highlights
Operational highlights • Automotive backlog increased to around €1.8 billion • Fiat Chrysler Automobiles embeds our maps, navigation software and services globally • Daimler Trucks adopted our ADAS Map to create a smart cruise control for its vehicles • Subaru selected our maps and navigation softwa
Slide 3: Continue to invest in strategic areas whilst generating cash
Continue to invest in strategic areas whilst generating cash • Further mapmaking system • Advance our online navigation • Further improve our Maps APIs, automation to provide better system offering, allowing for fresher especially map display and search maps at lower cost per maps and up-to-date sof
Slide 4: Financial highlights
Financial highlights • Group revenue of €156 million (Q4 '18: €174 million) • Gross margin of 79% (Q4 '18: 67%) • Free cash flow of €48 million (Q4 '18: €66 million 1) • Deferred revenue position of €369 million (Q4 '18: €281 million) • Net cash position of €437 million (Q4 ‘18: €252 million) • New
Slide 5: Full-year 2019 results versus initial outlook
Total Revenue Highly €701maps accurate million (initial outlook ~ €675 million) Gross Margin Navigation 74% software (initial outlook > 70%) Adjusted EPS €0.20 (initial outlook ~ €0.15) FCF 9% (initial outlook 10%) 4 / 15
Slide 6: Outlook 2020 and mid-term guidance
• We reiterate our mid-term revenue guidance for Location 2020 Outlook Actuals 2019 Technology to grow its revenue to around €500 million by 2021, which represents a CAGR of around 10% for the period between 2018 and 2021. Our expectations are supported by an Revenue €650 - €675 million €701 million
Slide 7: Estimated Automotive IFRS backlog phasing of revenues (in %)
Estimated Automotive IFRS backlog phasing of revenues (in %) ▪ Automotive backlog is defined as the cumulative 1,800 expected IFRS revenue from all awarded Automotive deals ▪ Automotive awards do not provide minimum volume or purchase requirements. Volumes are based on our 66% and our clients’ estim
Slide 8: Continuously refreshed content and releasable software leads to a different balance sheet profile
Continuously refreshed content and releasable software leads to a different balance sheet profile 697 38 PP&E Lease 292 assets 442 30 290 Intangible assets 182 30 80 132 Year-end CAPEX D&A Year-end CAPEX D&A Year-end CAPEX D&A Year-end 2018 & Lease 2019 & Lease 2020e & Lease 2021e 2019 2020e 2021e V
Slide 9: Continued investment in transactional mapmaking platform
We will continue to invest in our transactional mapmaking platform to realize a higher degree of automation in content creation and further develop our online navigation software and Maps APIs 504 Content (70%) A 443 Today Trend • Sourcing 25% 347 299 • Processing 25% • Engineering 50% B Application
Slide 10: Thank you - Any questions?
Thank you - Any questions?
Slide 11: Revenue split FY '18 and FY '19
FY ‘18 FY ‘19 FY ‘18 FY ‘19 31% 39% 36% 46% €687m €701m €687m €701m 54% 61% 64% 69% Location Technology Software & content Consumer Hardware 10 / 15
Slide 12: Income statement
(€ in thousands) Q3 '18 Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 FY '19 FY '18 REVENUE 176,330 173,999 169,527 210,803 164,206 156,223 700,759 686,798 Automotive 59,365 73,397 65,126 75,944 55,404 69,190 265,665 245,046 Enterprise 33,906 33,225 37,833 40,156 41,141 41,187 160,317 127,226 Consumer 83,059 6
Slide 13: Balance sheet
(€ in thousands) 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 ASSETS Goodwill 255,858 192,294 192,294 192,294 192,294 192,294 Intangible assets 684,229 634,728 613,978 509,597 444,646 380,160 Other contract related assets 20,896 24,497 27,715 21,606 23,679 23,923 Other non-current ass
Slide 14: Cash flow statement
(€ in thousands) Q3 '18 Q4 '18 Q1 '19 Q2 '19 Q3 '19 Q4 '19 FY '19 FY '18 Operating result 23,782 -45 5,824 -82,959 -57,085 -77,721 -211,941 55,513 Financial gains/(losses) 523 1,420 -437 -208 1,424 -1,098 -319 269 Depreciation and amortisation 38,654 43,666 31,971 113,942 72,939 73,133 291,985 158,1
Slide 15: Common shares outstanding and fully diluted shares
Q4 '19 YTD '19 Common shares outstanding at the end of the period 132,366,672 132,366,672 Shares in issue at the beginning of the period 131,447,251 231,240,514 Shares in issue at the end of the period 131,541,998 131,541,998 Average shares in issue during the period 1 131,483,105 170,973,367 [A] In
Slide 16: Forward-looking statements
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 assumptions regarding our present an
Slide 17: 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