Slide 1: Q1 2023 Results
Q1 2023 Results Harold Goddijn – CEO Taco Titulaer – CFO 14 April 2023
Slide 2: Operational highlights for the quarter
Operational highlights for the quarter • Momentum in our Location Technology business, with a deepened partnership with SAP and our Navigation SDK gaining traction in Enterprise markets • Robust growth of the installed base for our automated driving solutions, which doubled in a year and outperforme
Slide 3: Financial highlights for the quarter
Financial highlights for the quarter • Group revenue of €141m (up from €128m in Q1 ’22) • Location Technology revenue of €118m (up from €105m in Q1 ’22) • Automotive operational revenue of €84m (up from €68m in Q1 ’22) • Free cash flow1 of €10m (improved from an outflow of €23m in Q1 ’22) • Net cash
Slide 4: Outlook 2023
Outlook 2023 Outlook Actual in € million 2023 2022 Group revenue 540 - 580 536 Location Technology 455 - 485 436 revenue FCF1 as % of Group 0% - +5% -5% revenue 1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022. 4 © 2023 TomTom
Slide 5: Thank you Any questions?
Thank you Any questions? 5 © 2023 TomTom
Slide 6: Revenue breakdown
Revenue breakdown By segment By type Q1 ’23 Q1 ’22 Q1 ’23 Q1 ’22 16% 18% 11% 12% €141m €128m €141m €128m 84% 82% 89% 88% Location Technology Software & content Consumer Hardware 6 © 2023 TomTom
Slide 7: P&L (€ in thousands)
P&L (€ in thousands) Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Automotive 47,063 60,511 59,951 62,446 77,070 81,120 Enterprise 43,503 44,733 45,344 45,894 40,453 36,905 Location Technology 90,566 105,244 105,295 108,340 117,523 118,025 Consumer 24,598 23,205 27,283 27,963 21,490 22,693 Revenue 115,1
Slide 8: Balance sheet
Balance sheet (€ in thousands) 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 70,478 66,521 58,010 50,147 42,917 36,534 Other contract related assets 23,818 25,782 28,634 28,329 30,627 32,806 Other non-current as
Slide 9: Cash flow
Cash flow (€ in thousands) Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23 Operating result -35,347 -19,833 -55,466 -17,785 -4,529 2,647 Foreign exchange adjustments 3,037 1,392 4,574 4,340 -3,933 38 Depreciation and amortization 16,185 15,244 14,369 13,720 13,339 12,508 Change in provisions -1,790 -590 2
Slide 10: Outstanding shares
Outstanding shares Q1 '23 Common shares outstanding at the end of the period 132,366,672 Shares in issue at the beginning of the period 128,392,291 Shares in issue at the end of the period 128,488,325 Average shares in issue during the period 1 128,449,707 [A] Average shares outstanding from dilutio
Slide 11: Important notice
Important notice Disclaimer 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 assumpti
Slide 12: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands 12 © 2023 TomTom