Slide 1: Investor Presentation November 2019
Kapsch TrafficCom Investor Presentation. November 2019.
Slide 2: Kapsch TrafficCom at a glance
Kapsch TrafficCom. At a glance. Provider of Intelligent Solid financial parameter Mobility Solutions ▪ Revenues: EUR 738 mn ▪ Tolling ▪ EBIT: EUR 57 mn (Electronic Toll Collection – ETC) ▪ Sustainable dividend ▪ Mobility (Intelligent Mobility Solutions – policy: Base dividend of IMS) EUR 1.— Fiscal
Slide 3: Relevant mega trends & drivers for the ITS industry
Relevant mega trends & drivers for the ITS industry... ... and how Kapsch TrafficCom addresses them. Financing transportation networks. Urbanization. Kapsch TrafficCom’s approach. Road infrastructure needs to be maintained and expanded. Share of people living Help deal with traffic flows more effici
Slide 4: Reporting segments: Tolling (ETC)
Reporting segments. Tolling (Electronic Toll Collection, ETC). ETC = 78% of total revenues 0% 20% 40% 60% 80% 100% Electronic toll collection Plaza tolling City tolling Tolling as a service (TaaS) Multi-lane free-flow Stand-alone manually operated Static city toll European Electronic Toll Service to
Slide 5: Reporting segments: Intelligent Mobility Solutions (IMS)
Reporting segments. Intelligent Mobility Solutions (IMS). IMS = 22% of total revenues 0% 20% 40% 60% 80% 100% Traffic management Traffic safety & security Connected mobility Smart urban mobility Highway traffic management Road safety enforcement V2X communication technology Access management Urban t
Slide 6: System integrator with in-house production
System integrator with in-house production. Hardware and software. In-vehicle products Radio frequency (RF) field products Software platforms to be customized 5.8 GHz DSRC transponders/on- 5.8 CEN DSRC transceivers (selection) board units 5.9 WAVE/5G DSRC transceivers 5.9 WAVE/5G DRSC Tolling on-boa
Slide 7: Tolling extended to intelligent mobility solutions
Tolling extended to intelligent mobility solutions. Kapsch TrafficCom – reducing the risk profile; less dependent on few large customers. 2007/08 (IPO) 2012/13 Today In the 2020s Mainly tolling business Mainly tolling business Mainly tolling business ETC and traffic New/additional Only a few custome
Slide 8: USP
USP. What makes Kapsch TrafficCom unique? Ability to develop tailored solutions – proven track record Close to our customers Domain know-how Broad variety of technologies, prime quality Integrated, one-stop-shop Only real global player in ETC ▪ Best practice ▪ Risk diversification A leading position
Slide 9: Financial results H1 2019/20
Financial results. H1 2019/20.
Slide 10: H1 2019/20 Highlights
H1 2019/20. Highlights. Top line growth continued. ▪ Both segments’ revenues increased. Profitability down. ▪ One-off effects regarding the early termination of the German infrastructure charge and regarding the toll project in Czech Republic. ▪ Significant growth of implementation business, in part
Slide 11: IFRS 16 Overview
IFRS 16. Overview. IFRS 16 „Leases“. IFRS 16 impact on certain KPIs.* Specifies the recognition, measurement, presentation as In EUR million unless otherwise stated Reported IFRS 16 value effect well as disclosure requirements with regard to leases in financial statements. Balance sheet total 705.4
Slide 12: H1 2019/20 Other key financials
H1 2019/20. Other key financials. Balance sheet total Net CAPEX Free cash flow Net cash/debt and equity ratio 14 0 0 800 -20 -31.7 700 12 -10 705.4 11.7 -17.8 -40 600 677.7 10 -19.9 -20 -60 614.6 in EUR mn in EUR mn -73.5 in EUR mn in EUR mn 500 8 -80 -119.8 38.2% -30 400 35.9% 33.9% 6 -100 5.9 -49.
Slide 13: Outlook & medium-term goals
Outlook & medium-term goals. Outlook 2019/20 Revenues: +5% y-o-y EBIT (excl one-off effects): EUR 35 million (fluctuation range of +/- 10%) Revenues (medium-term) Growing in both segments Grow stronger than the market Higher growth rates for IMS in the long run EBIT margin (medium-term) ETC: comfort
Slide 14: Dividends
Dividends. Dividend policy* At least the higher of 1/3 of the earnings per share (EPS) and EUR 1. Depending on economic development, the market environment and capital needs for upcoming projects, the dividend payment can be higher or lower. ... ... However, within a reference period of 3 years, the
Slide 15: Kapsch TrafficCom share
Kapsch TrafficCom share. Shareholder structure Institutional investors by region Source: Shareholder survey from March 2019 Basic information Select events Listed in Prime Market segment at the February 18, 2020 Q1-Q3 2019/20 highlights Vienna Stock Exchange since 2007 ISIN: AT000KAPSCH9 13 million
Slide 16: Share price development (last 12 months)
Share price development (last 12 months). Kapsch TrafficCom and ATX Prime. 120 New project: Termination letters Passenger regarding pssenger vehicle toll in DE vehicle toll projects in DE 110 101 100 90 Profit warning: EBIT in H1 9m 2018/19 above expectations 2018/19 Q1 Dividend ex 90 date 80 Sale o
Slide 17: 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 18: Thank you for your attention
Thank you for your attention. Kapsch TrafficCom Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria P: +43 50 811 - 0 ir.kapschtraffic@kapsch.net www.kapschtraffic.com/ir Please Note: The content of this presentation is the intellectual property of Kapsch TrafficCom AG and all rights are reserv
Slide 19: Appendix: References and recent major projects
Appendix. References and recent major projects.
Slide 20: References in more than 50 countries
References in more than 50 countries. EMEA All figures in EUR mn % of total unless otherwise stated 2018/19 Global Revenues 431.1 58% All figures in EUR mn % thereof ETC 334.3 45% unless otherwise stated 2018/19 of total thereof IMS 96.8 13% Revenues 737.8 thereof ETC 558.4 76% thereof IMS 179.4 24%
Slide 21: Major project: Road safety and traffic management in Zambia
Overview: Major project. Road safety and traffic management in Zambia. About the project Republic of Zambia Capital: Lusaka Nation-wide concession contract to improve road safety and traffic Official language: English management. GDP (PPP)/cap*: USD 4,216 Currency: Zambian Kwacha (ZMW) Main componen
Slide 22: Major project: Nation-wide tolling system in Bulgaria
Overview: Major project. Nation-wide tolling system in Bulgaria. About the project Republic of Bulgaria Capital: Sofia Implement nation-wide tolling system, start: 01/2018 Official language: Bulgarian GDP (PPP)/cap*: USD 21,960 ▪ Satellite technology for trucks over 3.5 tons, Currency: Lev (BGN) Pop
Slide 23: Major project: Tolling in Maryland (USA)
Overview: Major project. Tolling in Maryland (USA). About the project Maryland Capital: Annapolis Contract to replace and maintain all roadside tolling equipment in the Currency: US dollar (USD) mixed-mode, cash, and express toll lanes under management of the Population: 6.1 million Maryland Transpo
Slide 24: Major project: Port Authority of New York and New Jersey
Overview: Major project. Port Authority of New York and New Jersey (USA). About the projects Port Authority of New York and New Jersey 1. Tolling (2016) Interstate agency Established 1921 Replace the toll collection system at all bridges and tunnels and Financially self-supporting public agency ongo
Slide 25: Appendix: Miscellaneous
Kapsch > challenging limits Appendix. Miscellaneous.
Slide 26: Promissory note bond & long-term bank loan
Promissory note bond & long-term bank loan. 2016 2021 Corner stones of the promissory note bond Promissory note bond PNB: EUR -26mn (PNB) Issued 2016 1.22% p.a EUR 62.0mn PNB: EUR -4.5mn Volume: EUR 62mn + USD 14.5mn USD 14.5mn 6M EURIBOR + 120bps 3 tenors (5/7/10 years) PNB: USD -14.5mn Partially f
Slide 27: Overview of Kapsch TrafficCom's offices
Ovierview of Kapsch TrafficCom‘s offices. As of March 31, 2019. Czech Republic 1 Austria 4 Sweden 4 Canada 1 Germany 4 Russia 1 Lithuania 1 Netherlands 1 Poland 2 USA 26 Kazakhstan 1 UK 1 Belarus 2 France 1 Bulgaria 1 Spain 19 Italy 1 Mexico 2 Saudi Arabia 3 Puerto Rico 1 UAE 1 Panama 1 Brazil 3 Col
Slide 28: Corporate milestones (1)
Corporate milestones (1). More than 125 years in the ever-changing electronic industry. 1892 Morse telegraph devices 1995 2002 2007 Telephones (fixed and mobile) Kapsch founded Capacitors and dry batteries Contract for the realization of Kapsch Aktiengesellschaft IPO of Kapsch TrafficCom Radios, inc
Slide 29: Corporate milestones (2)
Corporate milestones (2). More than 125 years in the ever-changing electronic industry. 2007 2011 2016 IPO of Kapsch TrafficCom Capital increase Acquisition of the transportation business Nation-wide ETC system in Czech USA: Selected by E-ZPass Group of Schneider Electric Republic goes into operatio
Slide 30: We make traffic solutions intelligent
We. make traffic solutions intelligent. Why is this so important to us? ❖ Because we want you to reach your destination quickly, comfortably, and safely. ❖ Because we want to enable our customers to provide the very best service at a low cost. ❖ Because we want to protect the environment.