Slide 1: Q2 2024 Results
Q2 2024 Results Harold Goddijn – CEO Taco Titulaer – CFO 15 July 2024
Slide 2: Growing traction in Enterprise
uses TomTom Orbis Maps to support strategic policy and operations integrates TomTom Traffic to power ride-hailing and food delivery worldwide Growing works with TomTom Orbis Maps to traction support diverse location-based features across the Microsoft product suite in Enterprise selected TomTom loca
Slide 3: Innovation in Automotive
Innovation in Automotive Launch of the first models featuring the Extended collaboration to supply our Long-term industry trends support navigation solution CARIAD and full navigation stack to BMW Motorrad’s deeper integration and higher take TomTom co-developed global lineup of motorcycles rates fo
Slide 4: Financial highlights for the quarter
Financial highlights for the quarter • Group revenue of €152m (€157m in Q2 ’23) • Location Technology revenue of €129m (€128m in Q2 ’23) • Automotive operational revenue of €89m (€90m in Q2 ’23) • Free cash flow1 was an outflow of €5m (inflow of €3m in Q2 ’23) • Net cash of €258m (€315m at the end o
Slide 5: Outlook
Outlook Updated Previous outlook outlook Actual in € million 2024 2024 2023 Group 570 – 610 570 – 610 585 revenue Location Technology 490 – 520 490 – 520 491 revenue FCF1 as % of 1% – 5% > 5% 5% Group revenue In light of automotive industry developments and longer-than- anticipated sales cycles in E
Slide 6: Thank you Any questions?
Thank you Any questions? 6 © 2024 TomTom
Slide 7: Revenue breakdown
Revenue breakdown By segment By type YTD ’24 YTD ’23 YTD ’24 YTD ’23 15% 17% 11% 12% €291m €297m €291m €297m 85% 83% 89% 88% Location Technology Software & content Consumer Hardware 7 © 2024 TomTom
Slide 8: Balance sheet
Balance sheet (€ in thousands) 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 36,534 30,427 25,170 20,275 15,828 11,392 Other contract related assets 32,806 34,632 33,478 35,019 36,811 27,742 Lease assets, PP&E a
Slide 9: P&L (€ in thousands)
P&L (€ in thousands) Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 H1 '24 H1 '23 Automotive 81,120 90,898 82,476 87,806 83,257 87,337 170,594 172,018 Enterprise 36,905 37,296 36,760 37,403 35,345 41,402 76,747 74,201 Location Technology 118,025 128,194 119,236 125,209 118,602 128,739 247,341 246,219 Con
Slide 10: Cash flow
Cash flow (€ in thousands) Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 H1 '24 H1 '23 Operating result 2,647 -3,557 -8,738 -10,360 -4,914 -5,198 -10,112 -910 Foreign exchange adjustments 38 -1,027 1,118 -1,343 883 568 1,451 -989 Depreciation and amortization 12,508 11,180 9,837 10,091 8,905 8,870 17,77
Slide 11: Outstanding shares
Outstanding shares 1 Shares held in treasury of 9,606,913 are taken into account when calculating the weighted average shares outstanding. 2 The average share price for the first half of the year was €6.44. The average share price for the quarter was €5.93. 11 © 2024 TomTom
Slide 12: 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 13: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands 13 © 2024 TomTom