Wirecard AG · HAM:WDI
Wirecard — Q3 2012 Earnings Presentation
28 slides from Wirecard's earnings presentation, Nov 14, 2012
Slide 1: Wirecard AG Investor Presentation 3rd Quarter Results 2012
Wirecard AG Investor Presentation 3rd Quarter Results 2012
Slide 2: Content
Content 1. Key Figures / Highlights 2. Products and Solutions 3. Growth Drivers, Strategy and Outlook 4. Financial Data © 2012 Wirecard AG 2
Slide 3: 1. Key Figures / Highlights
1. Key Figures / Highlights
Slide 4: 9 Months Results of Fiscal 2012/2011
Key Figures / Highlights 9 Months Results of Fiscal 2012/2011 9M 2012 9M 2011 Change in % Group results Transaction volume EUR bn 14.9 11.2 +33% Revenues EUR mn 279.5 232.4 +20% EBITDA EUR mn 78.1 58.6 +33% EBITDA EUR mn 78.1 63.8 +22% without one-offs Operating cash flow* EUR mn 65.3 48.2 +35% Earn
Slide 5: Diversified Customer Portfolio – Target Industries
Key Figures / Highlights Diversified Customer Portfolio – Target Industries After the first 9 months in 2012 the transaction volume* amounted to EUR 14.9 bn (+ 33% yoy). Thereof EUR 1.5 bn (~10% average YTD) was generated in Asia. The allocation as at the end of the 3rd quarter 2012 to the individua
Slide 6: Highlights YTD
Key Figures / Highlights Highlights YTD New customer relationships which include for example Neckarsulm-based Bechtle for its B2B online shops and the “Wunderkit” application from Berlin-based 6Wunderkinder GmbH. Wirecard has implemented an innovative solution for myTaxi, allowing passengers to pay
Slide 7: Acquisitions Asia 2011/2012
Key Figures / Highlights Acquisitions Asia 2011/2012 Wirecard Processing Systems@Work PrimaVista (formerly Procard Services) Singapore Jakarta Dubai December 2011 Expected Closing Q4 2012 January 2011 − Established technology − Payment solutions for − Local processing unit for company emerging marke
Slide 8: Recent M&A activities
Key Figures / Highlights Recent M&A activities Wirecard acquires leading Indonesian Payment Service Provider for financial institutions and retailers − PT PrimaVista Solusi, headquartered in Jakarta, Indonesia − Approx. 250 employees − Customers: leading domestic financial institutions and retailers
Slide 9: 2. Products and Solutions
2. Products and Solutions
Slide 10: Wirecard Group's Merchant Services
Products and Solutions Wirecard Group's Merchant Services Online payment Support of all major global payment methods services Acquiring Wirecard Bank is a Member of Visa, MasterCard, licensed services acquirer for Discover/Diners, American Express, China UnionPay, JCB Payment Collection of a variety
Slide 11: Products and Solutions
Products and Solutions © 2012 Wirecard AG 11
Slide 12: Card Issuing – Support for multiple card types
Products and Solutions Card Issuing – Support for multiple card types Consumer Payment Cards Co-branded consumer Closed loop card B2B card solutions payment cards solutions Easy and flexible Loyality by bonus Card solutions in Standardized real time accordance with the EU payments worldwide e-money
Slide 13: 3. Growth Drivers, Strategy and Outlook
3. Growth Drivers, Strategy and Outlook
Slide 14: eCommerce is going through transition
Growth Drivers, Strategy and Outlook eCommerce is going through transition Online retailers have to keep pace with incredible speed of the market driven by multichannel and mobile commerce - Europe’s eCommerce market 2012 will record ~ 11% growth (based on the outlook for the individual target secto
Slide 15: Entry Point: Dual-Interface Card or NFC-Sticker
Growth Drivers, Strategy and Outlook Entry Point: Dual-Interface Card or NFC-Sticker DISCOVERY − Buy card online or in co-brand partner store and/or − Pay at Point-of-Sale or Internet SERVICES − Payment transactions & ATM withdrawals − View balance and transactions − Real-time notifications − Locate
Slide 16: Wirecard provides all ingredients for co-branded mobile wallet programs
Growth Drivers, Strategy and Outlook Wirecard provides all ingredients for co-branded mobile wallet programs FINANCIAL WIRECARD Co-Brand / 3rd PARTY E-MONEY/BANK LICENCE SERVICES LICENSE WIRECARD Co-Brand / 3rd PARTY SCHEME MasterCard/VISA LICENCE LICENSE Call centre / MOBILE WALLET PLATFORM Adminis
Slide 17: Top-up/reload services
Growth Drivers, Strategy and Outlook Top-up/reload services Provision of electronic top-up infrastructure for ez-link prepaid cards Support for top-up of prepaid cards and mobile NFC wallet ‒ Formed by Land Transport Authority (LTA) in 2002 ‒ Issuer of Singapore’s largest contactless stored value ca
Slide 18: Key objectives
Growth Drivers, Strategy and Outlook Key objectives − to continue strategy of organic growth in conjunction with smart M&A deals − to expand the leading position in Europe and the Asian business − to gain new customer relationships − to broaden the existing customer base − to enhance the Company‘s v
Slide 19: Outlook
Growth Drivers, Strategy and Outlook Outlook Fiscal Year 2012: EBITDA bandwidth between EUR 106 to 113 million Guidance based on: − Basic growth along with the eCommerce market acceleration by ~11% − Additional growth due to new customer relationships and product innovation (cross-selling) − 2012 EB
Slide 20: 4. Financial Data
4. Financial Data
Slide 21: Development Acquiring & Issuing Segment 2012
Financial Data Development Acquiring & Issuing Segment 2012 in TEUR 9 Months 2012 Revenues EBITDA Acquiring & Issuing Segment 102,745 17,827 Acquiring 78,675 9,891 Issuing 24,070 7,936 © 2012 Wirecard AG 21
Slide 22: Key Figures 9 Months 2012/2011
Financial Data Key Figures 9 Months 2012/2011 in TEUR 9M 2012 9M 2011 Revenues 279,538 232,369 EBITDA 78,128 58,579 EBIT 66,237 52,730 Taxes 12,326 9,304 Profit after Taxes 52,941 42,313 EPS (basic in EUR) 0.48 0.42 Operating cash flow* 65,254 48,163 Shareholders’ equity 522,078 321,978 Total equity
Slide 23: Revenues, Costs and EBITDA Growth 9 Months 2012/2011
Financial Data Revenues, Costs and EBITDA Growth 9 Months 2012/2011 in TEUR without one-off expenditures in 2011 + 20.3 % 9 Months 2011 excl. special expenditures 280,000 9 Months 2012 excl. special expenditures 279,538 240,000 232,369 + 19.5 % 200,000 201,410 160,000 168,590 120,000 + 22.5 % 80,000
Slide 24: Consolidated Income Statement 9 Months 2012/2011
Financial Data Consolidated Income Statement 9 Months 2012/2011 in TEUR 9M 2012 of Revenues 9M 2011* of Revenues Revenues 279,538 232,369 Own work capitalized 6,317 5,271 Cost of materials (160,842) (57.5%) (135,828) (58.5%) Personnel expenses (26,885) (9.6%) (20,759) (8.9%) Other operating expenses
Slide 25: Financial Comments 9 Months 2012/2011
Financial Data Financial Comments 9 Months 2012/2011 in TEUR Income tax expenses 2012/2011 9M 2012 in % of earnings 9M 2011 in % of earnings before taxes before taxes Earnings before taxes 65,267 51,617 Taxes on income and profit (12,326) (18.9%) (9,304) (18.0%) thereof impact from deferred taxes (1
Slide 26: Balance Sheet as of September 30, 2012 / December 31, 2011
Financial Data Balance Sheet as of September 30, 2012 / December 31, 2011 in TEUR Assets 09/30/2012 12/31/2011 Equity and liabilities 09/30/2012 12/31/2011 Non-currrent assets 369,357 295,984 Shareholders’ equity 522,078 340,887 Goodwill 133,184 127,565 Liabilities 474,872 366,172 Deferred tax asset
Slide 27: Disclaimer
Disclaimer This presentation contains explicit and implicit forward-looking statements concerning Wirecard AG, its affiliated companies and their business. These statements are subject to various known and unknown risks, uncertainties and other factors due to which the actual events, financial condi
Slide 28: Contact
Contact Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany Investor Relations Iris Stöckl iris.stoeckl@wirecard.com T: + 49 (0) 89 4424 1424