Slide 1: TomTom Q1 2010 results
TomTom Q1 2010 results Harold Goddijn - CEO & Marina Wyatt - CFO | 26 April 2010
Slide 2: 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
Slide 3: First quarter 2010 review
First quarter 2010 review › Revenue increase of 26%, profits strongly up › Growth across all Business Units › Continued geographic expansion › Expansion of automotive relationships and improved automotive content › Refresh of mid and entry level PND ranges 3
Slide 4: PND market size and share
PND market size and share Europe and North America Q1 2009/Q1 2010 › Share growth in our main geographies › Market size > Europe 2.7 million units (Q1 ‘09: 3.2 million) > North America 2.6 million units (Q1 ‘09: 2.6 million) Source: GfK, NPD and company data 4
Slide 5: Operational developments
Operational developments › Geographic expansion > Tele Atlas maps of India and Ukraine > PNDs for Mexico and Morocco › Automotive > Fiat relationship expanded > Ford to use Tele Atlas maps > ADAS quality content introduced › Refresh of entry level and mid range PNDs > TomTom EASE and Start2 > TomTom
Slide 6: Outlook 2010 reiterated
Outlook 2010 reiterated › Broadly flat revenue and earnings per share compared to 2009* › On track to bring exciting new innovations to the market this year * In 2009 the full year revenue was €1,480 and the earnings per share were €0.47 6
Slide 7: Revenue
Revenue Growth across all Business Units •› 26% growth group revenue › Automotive and Consumer main contributors to growth •› Hardware and Content & Services revenue split stable (HW: 70%, C&S 30%) › Growth Automotive and Consumer hardware, content and subscriptions sales Revenue Q1 ‘10: €268 millio
Slide 8: Earnings overview
Earnings overview * Earnings per share adjusted for acquisition related amortisation, non-cash goodwill impairment and restructuring charges on a post tax basis 8
Slide 9: Operating expenses
Operating expenses 30 26 22 21 150 20 17 15 Marketing 10 0 134 Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 131 130 127 123 122 Total SG&A OPEX 110 60 37 37 41 40 34 31 R&D 20 90 0 Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 Q1 '09 Q2 '09 Q3 '09 Q4 '09 Q1 '10 9
Slide 10: Cash flow
Cash flow in € millions Operating result Depreciation and amortisation Financial (losses) / gains Other Changes in working capital Cash generated from operations Interest received Interest paid Tax paid Net cash flow from operating activities Total cash flow used in investing activities Total cash f
Slide 11: Balance sheet
Balance sheet Goodwill Intangible assets Property, plant & equipment Investments Deferred tax assets Inventories Receivables, prepayments & financial instruments Cash and equivalents Total assets Shareholders’ equity Deferred tax liability Borrowings Provisions Other liabilities (excl. provisions) T
Slide 12: Questions?
Questions? TOMTOMY
Slide 13: Impact of FX rate changes
Impact of FX rate changes Q1 2010 results based on current exchange rates and that of previous quarters compared 13
Slide 14: Market size Europe and North America
Market size Europe and North America* * PND sell-out numbers based on GfK, NPD and company data. Europe includes TomTom’s 16 main European countries, North America includes USA and Canada 14
Slide 15: Outstanding Shares
Outstanding Shares Common shares outstanding end of Q4 ‘09 221,718,074 Common shares outstanding end of Q1 ‘10 221,718,074 Average shares outstanding end of Q1 ‘10 221,718,074 In the money share options as of Q4 ’09 7,033,730 In the money share options as of Q1 ’10 6,776,743 Average dilutive share o