Slide 1: TomTom Q2 2011 results
TomTom Q2 2011 results Harold Goddijn – CEO Marina Wyatt – CFO 22 July 2011
Slide 2: Q2 summary
Q2 summary › Challenging trading conditions in Consumer › Automotive, Licensing and Business Solutions on track › Non-cash impairment charge of €512 million › Outlook for 2011 - Revenue of between €1,225 and €1,275 million - EPS of between €0.25 and €0.30 excluding impairment › Cost base to be reduc
Slide 3: Operational highlights
Operational highlights › Consumer › GO LIVE 800 series launched › HD Traffic extended into the US market › Automotive › 1 millionth Carminat TomTom sold › Blue&Me TomTom available in Fiat 500 in North America › Licensing › Expanded map coverage of Latin America › Real time traffic products made avai
Slide 4: Unique combination of HD Traffic and dynamic routing available in 21 countries
Unique combination of HD Traffic and dynamic routing available in 21 countries › LIVE Services attachment rate is increasing* 1,500,000 1,000,000 › 24% of PND sell-in volume in Europe is connected (Q2 2010: 20%) 500,000 0 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 * Attachment rate in first 3 months of
Slide 5: 2011 priorities
2011 priorities › Consumer › Roll-out HD Traffic in US and monetise our European HD Traffic footprint › Grow the proportion of connected devices in our sales mix › Market share growth and limited ASP decline › Automotive › Expand into more models, countries and increase take rates › Win new contract
Slide 6: Non-cash impairment charge of €512 million
Non-cash impairment charge of €512 million Trigger based impairment of goodwill and other intangible assets › Goodwill Impairment charge of €473 million within business unit Consumer › Other intangible assets Impairment charge of €39 million 5
Slide 7: Revenue analysis
Revenue analysis €362 million €314 million Q2 2010 by business unit Q2 2011 by business unit Business Business Solutions Solutions 4% 3% Consumer Consumer 76% Licensing 67% Licensing 10% 9% Automotive 12% Automotive 19% Q2 2010 by segment Q2 2011 by segment C&S Hardware C&S Hardware 24% 76% 31% 69%
Slide 8: Earnings overview
Earnings overview in € millions Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Gross result 185 178 237 141 160 Gross margin 51% 48% 46% 53% 51% Operating expenses 135 123 172 123 142 Operating result 50 55 65 18 18 Operating margin 14% 15% 13% 7% 6% Interest result (9) (10) (8) (6) (6) Other financial result 5
Slide 9: Cash flow
Cash flow in € millions Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Operating result 50 55 65 18 18 Depreciation and amortisation 26 26 31 26 28 Financial gains / (losses) 4 (1) (4) (3) 2 Other 7 0 4 0 2 Changes in working capital (5) (16) 48 (36) (74) Cash generated from operations 82 63 143 6 (23) Interest
Slide 10: Balance sheet
Balance sheet 30 Jun 30 Sep 31 Dec 31 Mar 30 Jun in € millions '10 '10 '10 '11 '11 Goodwill 855 855 855 855 382 Other intangible assets 965 958 946 938 902 Other non‐current assets 70 67 69 64 61 Inventories 63 80 94 99 102 Receivables, prepayments & financial instruments 315 291 353 179 251 Cash an
Slide 11: Thank you Any questions?
Thank you Any questions?
Slide 12: Operating expenses
Operating expenses 60 40 44 42 41 40 36 R&D 180 172 20 0 150 142 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 135 60 123 123 48 120 40 30 24 90 Marketing 20 17 10 60 0 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 30 60 54 49 48 47 50 0 40 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 SG&A 20 Total OPEX 0 Q2 '10 Q3 '10 Q4 '10 Q1 '
Slide 13: Impact of FX rate changes
Impact of FX rate changes Q2 '11 results based on current exchange rates and those of previous quarters compared in € millions Q2 '11 Q2 '10 Q1 '11 rates rates rates Revenue 314 319 318 Cost of sales 154 168 162 Gross margin 51% 47% 49% Gross profit 160 151 156 P&L rates in € US dollar 1.45 1.30 1.3
Slide 14: Outstanding shares
Outstanding shares Common shares outstanding end of Q1 ‘11 221,881,693 Common shares outstanding end of Q2 ‘11 221,895,012 Average shares outstanding end of Q2 ‘11 221,888,085 In the money share options as of Q1 ‘11 12,013,352 In the money share options as of Q2 ‘11 0 Average potential dilutive shar
Slide 15: Disclaimer
Disclaimer This Presentation has been produced by TomTom N.V. (the “Company”) and is furnished to you solely for your information. This document contains certain forward-looking statements relating to the business, financial performance and results of the Company and the industry in which it operate