Slide 1: Investor Presentation. January 2019.
Kapsch TrafficCom Investor Presentation. January 2019.
Slide 2: Kapsch: Tradition meets Future
Kapsch. KTC: Leading entity of the Kapsch Group. Kapsch founded in Vienna in 1892 Electronic industry Strong brand in Austria Four key entities ▪ Kapsch TrafficCom – KTC (Intelligent Mobility Systems) ▪ Kapsch BusinessCom Kapsch: Tradition meets Future. (ICT solutions for enterprises and public 125+
Slide 3: Kapsch TrafficCom. At a glance.
Kapsch TrafficCom. At a glance. Provider of Intelligent Solid financial parameter Mobility Solutions ▪ Revenues ~EUR 700mn ▪ Tolling ▪ EBIT ~EUR 50mn (Electronic Toll Collection – ETC) ▪ Sustainable dividend ▪ Mobility (Intelligent Mobility Solutions – policy: Base dividend of IMS) EUR 1.— Fiscal ye
Slide 4: Relevant mega trends & drivers for the ITS industry
Relevant mega trends & drivers for the ITS industry... ... and how Kapsch TrafficCom addresses them. Urbanization. Mobility. Kapsch TrafficCom’s approach. Share of people living in cities is rising: Increasing affluence: desire for mobility increases. The company helps deal with traffic flows more S
Slide 5: Tolling (Electronic Toll Collection, ETC)
Reporting segments. Tolling (Electronic Toll Collection, ETC). ETC=78% of total revenues 0% 20% 40% 60% 80% 100% Electronic toll collection Plaza tolling City tolling Tolling as a service (TaaS) Multi-lane free-flow Stand-alone manually operated Static city toll European Electronic Toll Service toll
Slide 6: Intelligent Mobility Solutions (IMS)
Reporting segments. Intelligent Mobility Solutions (IMS). IMS=22% of total revenues 0% 20% 40% 60% 80% 100% Traffic management Traffic safety & security Connected vehicles Smart urban mobility Highway traffic management Road safety enforcement V2X-automotive Access management Urban traffic managemen
Slide 7: System integrator with in-house production
System integrator with in-house production. Hardware and software. In-vehicle products Radio frequency (RF) field products Software platforms to be customized 5.8 GHz DSRC transponders/on- 5.8 CEN DSRC transceivers (selection) board units 5.9 WAVE/5G DSRC transceivers 5.9 WAVE/5G DRSC Tolling on-boa
Slide 8: Tolling extended to intelligent mobility solutions
Tolling extended to intelligent mobility solutions. Kapsch TrafficCom – reducing the risk profile; less dependent on few large customers. 2007/08 (IPO) 2012/13 2017/18 In the 2020s Mainly tolling business Mainly tolling business Mainly tolling business ETC and traffic New/additional Only a few custo
Slide 9: USP. What makes Kapsch TrafficCom unique?
USP. What makes Kapsch TrafficCom unique? Ability to develop tailored solutions – proven track record Close to our customers Domain know-how Broad variety of technologies, prime quality Integrated, one-stop-shop Only real global player in ETC ▪ Best practice ▪ Risk diversification A leading position
Slide 10: Financial results. H1 2018/19.
Financial results. H1 2018/19.
Slide 11: H1 2018/19 Highlights
H1 2018/19 and beyond. Highlights. Germany: Contracts for implementation & operation of passenger vehicle toll system + for the automatic enforcement. Poland: Contract to support the further operation of the system for another 21-27 months. Czech Republic: Minister of Transport signs contract with a
Slide 12: H1 2018/19. Other key financials.
H1 2018/19. Other key financials. Balance sheet total Net CAPEX Free cash flow Net cash/debt and equity ratio 10 35 20 700 33.1 15 25 16.2 600 639.1 8 8.8 10 621.1 614.6 5 500 15 in EUR mn in EUR mn in EUR mn in EUR mn 0 6 400 -5 37.0% 5 34.8% 35.9% -10 300 4 -15.7 -5 -1.0 -15 -20 200 2 2.8 2.4 -15
Slide 13: Outlook & medium-term goals
Outlook & medium-term goals. Outlook 2018/19 Revenues and EBIT at previous year's levels Revenues (medium-term) Growing in both segments Grow stronger than the market Higher growth rates for IMS in the long run EBIT margin (medium-term) ETC: comfortably >10% IMS: in good environment, 8% possible Gro
Slide 14: Dividends
Dividends. Dividend policy* At least the higher of 1/3 of the earnings per share (EPS) and EUR 1. Depending on economic development, the market environment and capital needs for upcoming projects, the dividend payment can be higher or lower. ... ... However, within a reference period of 3 years, the
Slide 15: Kapsch TrafficCom share
Kapsch TrafficCom share. Shareholder structure Institutional investors by region Source: Shareholder survey from March 2018, participation notification, estimates by Kapsch TrafficCom. Basic information Select events Listed in Prime Market segment at the February 21, 2019 Results Q1-Q3 2018/19 Vienn
Slide 16: Share price development
Share price development. Kapsch TrafficCom and ATX Prime. 120 CZ: Offer for nation-wide CZ: Tender Profit warning: Q1 New project: CZ: Minister New project: Support Sale of stake New project: tolling system not cancelled below expectations, Modernize toll signed contract operation of nation- in Park
Slide 17: Disclaimer
Disclaimer. This presentation is made by Kapsch TrafficCom AG (“Kapsch TrafficCom”) solely for use at this Given these risks, uncertainties and other factors, recipients of this document are cautioned not presentation. It is furnished to you solely for your information and its content may not be cop
Slide 18: Thank you for your attention
Thank you for your attention. Kapsch TrafficCom Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria P: +43 50 811 - 0 ir.kapschtraffic@kapsch.net www.kapschtraffic.com/ir Please Note: The content of this presentation is the intellectual property of Kapsch TrafficCom AG and all rights are reserv
Slide 19: Appendix. References and recent major projects.
Appendix. References and recent major projects.
Slide 20: References in more than 50 countries
References in more than 50 countries. EMEA All figures in EUR mn % unless otherwise stated 2017/18 of total Global Revenues 441.9 64% All figures in EUR mn % thereof ETC 346.8 50% unless otherwise stated 2017/18 of total thereof IMS 95.1 14% Revenues 693.3 thereof ETC 521.6 75% thereof IMS 171.6 25%
Slide 21: Major project: German passenger vehicle toll
Overview: Major project. Implementation and operation of the system to collect the German passenger vehicle toll. About the project Federal Republic of Germany Capital: Berlin Implementation and operation of the German passenger vehicle toll system: Official language: German GDP (PPP)/cap*: USD 50,6
Slide 22: Major project: Automatic enforcement of German toll
Overview: Major project. Automatic enforcement of the German passenger vehicle toll. About the project Federal Republic of Germany Capital: Berlin Planning, development, implementation, operation and maintenance of the Official language: German automated enforcement system for the German passenger v
Slide 23: German passenger vehicle toll system overview
German passenger vehicle toll system. Overview. Public Public Collection agency1) agency2) Automatic enforcement German residents: Vehicle information provided Toll payment by the central vehicle register. Data No: forward number plate data to public Non-German residents: Registration options: agenc
Slide 24: Major project: Road safety and traffic management in Zambia
Overview: Major project. Road safety and traffic management in Zambia. About the project Republic of Zambia Capital: Lusaka Nation-wide concession contract to improve road safety and traffic Official language: English management. GDP (PPP)/cap*: USD 4,050 Currency: Zambian Kwacha (ZMW) Main componen
Slide 25: Major project: Nation-wide tolling system in Bulgaria
Overview: Major project. Nation-wide tolling system in Bulgaria. About the project Republic of Bulgaria Capital: Sofia Contract to design and build nation-wide tolling system. Official language: Bulgarian GDP (PPP)/cap*: USD 20,329 Satellite technology for trucks over 3.5 tons. Currency: Lev (BGN) P
Slide 26: Major project: Tolling in Maryland (USA)
Overview: Major project. Tolling in Maryland (USA). About the project Maryland Capital: Annapolis Contract to replace and maintain all roadside tolling equipment in the Currency: US dollar (USD) mixed-mode, cash, and express toll lanes under management of the Population: 6.1 million Maryland Transpo
Slide 27: Major project: Port Authority of New York and New Jersey
Overview: Major project. Port Authority of New York and New Jersey (USA). About the projects Port Authority of New York and New Jersey 1. Tolling (2016) Interstate agency Established 1921 Replace the toll collection system at all bridges and tunnels and Financially self-supporting public agency ongo
Slide 28: Appendix. Miscellaneous.
Kapsch > challenging limits Appendix. Miscellaneous.
Slide 29: Promissory note bond & long-term bank loan
Promissory note bond & long-term bank loan. 2016 2021 Corner stones of the promissory note bond Promissory note bond PNB: EUR -26mn (PNB) Issued 2016 1.22% p.a EUR 62.0mn PNB: EUR -4.5mn Volume: EUR 62mn + USD 14.5mn USD 14.5mn 6M EURIBOR + 120bps 3 tenors (5/7/10 years) PNB: USD -14.5mn Partially f
Slide 30: Corporate milestones (1)
Corporate milestones (1). More than 125 years in the ever-changing electronic industry. 1892 Morse telegraph devices 1995 2002 2007 Telephones (fixed and mobile) Kapsch founded Capacitors and dry batteries Contract for the realization of Kapsch Aktiengesellschaft IPO of Kapsch TrafficCom Radios, inc
Slide 31: Corporate milestones (2)
Corporate milestones (2). More than 125 years in the ever-changing electronic industry. 2007 2011 2016 IPO of Kapsch TrafficCom Capital increase Acquisition of the transportation business Nation-wide ETC system in Czech USA: Selected by E-ZPass Group of Schneider Electric Republic goes into operatio
Slide 32: We make traffic solutions intelligent
We. make traffic solutions intelligent. Why is this so important to us? ❖ Because we want you to reach your destination quickly, comfortably, and safely. ❖ Because we want to enable our customers to provide the very best service at a low cost. ❖ Because we want to protect the environment.