Slide 1: TomTom Q1 2013 results
TomTom Q1 2013 results Harold Goddijn – CEO Marina Wyatt – CFO 23 April 2013
Slide 2: Financial summary
Financial summary › Revenue of €202 million (Q1 ‘12: €233 million) › Gross margin of 56% (Q1 ‘12: 49%) › Adjusted EPS¹ of €0.03 (Q1 ‘12: €0.04) › Net debt of €14 million (Q1 ‘12: €192 million) › Full year guidance maintained ¹Earnings per share adjusted for impairment, acquisition related amortisati
Slide 3: Operational highlights
Operational highlights › Consumer › New ranges of Consumer products announced › Launch of next generation navigation engine › Automotive › TomTom traffic deals with Daimler and Toyota announced › Fiat to include new in-dash solution in infotainment system › Licensing › Worldwide agreement with Intel
Slide 4: Revenue analysis for the quarter
Revenue analysis for the quarter Q1 2012: €233 million Q1 2013: €202 million by business unit by business unit Consumer Business Business 50% Solutions Consumer 54% Solutions 7% 10% Licensing 14% Licensing 15% Automotive Automotive 25% 25% by category by category C&S 45% C&S 42% Hardware 58% Hardwar
Slide 5: Earnings overview for the quarter
Earnings overview for the quarter in € millions Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Gross result 166 114 136 150 154 112 Gross margin 46% 49% 52% 55% 53% 56% Operating expenses 156 114 122 118 130 112 Operating result 10 (0) 14 32 25 0 Operating margin 3% 0% 5% 12% 9% 0% Interest result (4) (3
Slide 6: Cash flow for the quarter
Cash flow for the quarter in € millions Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Operating result 10 (0) 14 32 25 0 Depreciation and amortisation 37 28 27 27 29 29 Financial (losses)/gains 8 3 1 (0) (4) (3) Other (6) (4) 5 (5) 0 (1) Changes in working capital 88 (11) (28) 0 49 2 Cash generated from
Slide 7: Balance sheet
Balance sheet in € millions 31 Dec '11 31 Mar '12 30 Jun '12 30 Sep '12 31 Dec '12 31 Mar '13 Goodwill 382 382 382 382 382 382 Other intangible assets 872 861 847 836 821 812 Other non-current assets 47 46 44 41 44 44 Inventories 66 55 64 59 44 53 Receivables, prepayments & derivatives 239 157 208 2
Slide 8: Thank you Any questions?
Thank you Any questions?
Slide 9: Redemption profile and cash position
Redemption profile and cash position Cash and cash equivalents Net redemption amount 250 200 161 150 (in € millions) 100 75 100 50 0 › €75 million repaid ahead of schedule › Net debt position of €14 million 9
Slide 10: Operating expenses development
Operating expenses development 180 156 60 150 47 45 43 40 38 38 40 130 R&D 122 118 20 120 114 112 0 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 90 60 40 60 Marketing 21 13 16 15 14 20 11 0 30 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 61 60 47 43 40 41 42 0 40 Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13
Slide 11: Impact of FX rate changes
Impact of FX rate changes Q1 '13 results based on current exchange rates and that of previous quarters compared Q1 '13 Q1 '12 Q4 '12 in € millions rates rates rates Revenue 202 203 204 Cost of sales 89 90 91 Gross margin 56% 56% 55% Gross profit 112 113 113 P&L rates in € US dollar 1.33 1.31 1.29 GB
Slide 12: Outstanding shares
Outstanding shares Common shares outstanding end of Q4 ‘12 221,895,012 Common shares outstanding end of Q1 ‘13 221,895,012 Average shares outstanding in Q1 ‘13 221,895,012 In the money share options as of Q4 ‘12 4,360,000 In the money share options as of Q1 ‘13 0 Average potential dilutive share opt
Slide 13: Deferred revenue
Deferred revenue IFRS deferred revenue for Lifetime Maps and Lifetime Traffic example (Estimated) fair value (Estimated) PND fair Price bundled Allocation of revenue per component value product 16.7% 16.7% Lifetime Deferred and Lifetime Map Map released over 48 €50 €42 months 100% 100% 16.7% 16.7% L
Slide 14: 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