Slide 1: TomTom Q4 and FY 2013 results
TomTom Q4 and FY 2013 results Harold Goddijn – CEO Marina Wyatt – CFO 11 February 2014
Slide 2: Consumer
Consumer Strategy • Maximise value from the PND category and establish a multiproduct consumer business Operational highlights • European PND business held up well in 2013 PNDs • North America remains challenging; new PND range will be rolled out in Q1 2014 • Successful rollout of TomTom branded spo
Slide 3: Automotive
Automotive Strategy • Offer class leading software components and services as individual connected navigation system (CNS) components such as fresh maps, traffic and navigation software Operational highlights • We continued to make inroads in the Automotive market – Fiat U-Connect MODULAR CNS COMPON
Slide 4: Licensing
Licensing Strategy • License a wider portfolio of products and capitalise on our flexible approach to partnering with our customers Operational highlights MAP CONTENT • New map making platform: real-time map data • Map coverage: 41 million navigable roads in 114 countries • Partnership agreement wit
Slide 5: Business Solutions
Business Solutions Strategy • Continue to expand our market leadership • Grow through a combination of organic growth and targeted acquisitions 2013 operational highlights • Strong growth in 2013; WEBFLEET installed base of WEBFLEET subscriptions increased by 38% year on year • Successful integratio
Slide 6: Financial highlights FY 2013
Financial highlights FY 2013 • Group revenue of €963 million in 2013 (FY '12: €1,057 million) • Gross margin of 54% (FY '12: 52%) • OPEX of €496 million (FY '12: €484 million) • Adjusted¹ EPS of €0.26 (FY '12: €0.40) • Cash flow from operating activities of €180 million (FY '12: €167 million) • Net
Slide 7: Outlook 2014
Outlook 2014 • Revenue of around €900 million • Adjusted¹ EPS of around €0.20 ¹Earnings per share adjusted for acquisition-related amortisation & gain on a post-tax basis 7
Slide 8: Thank you
Thank you Any questions? TOMTOMY
Slide 9: Key figures
Key figures TOMTOMY
Slide 10: Revenue breakdown – quarterly
Revenue breakdown – quarterly Q4 '13 group revenue: €268 million; Q4 '12: €289 million Breakdown by segment Breakdown by category Q4 '13 Q4 '12 Q4 '13 Q4 '12 9% 7% 13% 12% 34% 34% 15% 17% 62% 65% 66% 66% Consumer € 165 million Consumer € 187 million Automotive € 46 million Automotive € 44 million Ha
Slide 11: Revenue breakdown – annually
Revenue breakdown – annually FY '13 group revenue: €963 million; FY '12: €1,057 million Breakdown by segment Breakdown by segment FY '13 FY '12 FY '13 FY '12 9% 7% 13% 12% 38% 38% 59% 20% 60% 20% 62% 62% Consumer € 567 million Consumer € 639 million Automotive € 192 million Automotive € 212 million
Slide 12: Quarterly P&L statistics
Quarterly P&L statistics (€ in thousands) Q3 '12 Q4 '12 Q1 '13 Q2 '13 Q3 '13 Q4 '13 REVENUE 273,561 289,010 201,589 250,246 244,056 267,563 Cost of Sales 123,286 134,678 89,123 122,386 106,573 124,126 GROSS RESULT 150,275 154,332 112,466 127,860 137,483 143,437 Research and development expenses 40,1
Slide 13: Quarterly balance sheet statistics
Quarterly balance sheet statistics (€ in thousands) 30-Sep-12 31-Dec-12 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 ASSETS NON-CURRENT ASSETS Goodwill 381,569 381,569 381,569 381,569 381,569 381,569 Other intangible assets 835,757 821,233 811,827 809,964 812,246 803,635 Other non-current assets 40,526 4
Slide 14: Quarterly cash flow statistics
Quarterly cash flow statistics (€ in thousands) Q3 '12 Q4 '12 Q1 '13 Q2 '13 Q3 '13 Q4 '13 Operating result 31,823 24,639 48 7,648 13,615 4,233 Financial (losses)/ gains 26,577 -134 28,528 -4,226 28,708 -2,643 32,212 -1,610 27,416 -323 -3,179 -3,237 Depreciation and amortisation 26,577 -134 28,528 -4
Slide 15: Impact of FX rate changes – quarterly
Impact of FX rate changes – quarterly Actual gross result recalculated based on last quarter FX rates and last year FX rates (€ in thousands) Q4 '13 Q3 '13 Q4 '12 REVENUE 267,563 268,346 273,516 Cost of Sales 124,126 126,772 128,513 GROSS RESULT 143,437 141,574 145,003 Gross margin 54% 53% 53% P&L R
Slide 16: Outstanding shares
Outstanding shares Common shares outstanding end of Q3 '13 221,940,012 Common shares outstanding end of Q4 '13 222,176,212 Average shares outstanding in Q4 '13 222,061,150 (A) In the money share options as of Q3 '13 7,574,500 In the money share options as of Q4 '13 7,474,500 Average potential diluti
Slide 17: Deferred revenue
Deferred revenue IFRS deferred revenue for Lifetime Maps (LTM) and Lifetime Traffic (LTT) example (Estimated) fair value per Price (ASP) bundled component Allocation of revenue product 10% (LTM) €20 (LTM) Deferred and released 15% (LTT) €30 (LTT) over 48 months Sales price PND €200 75% €150 Recognis
Slide 18: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of TomTom NV and its subsidiaries (referred to as 'the company' or ‘the group’) and certain of the plans and objectives of the company with respect to