Wirecard AG · HAM:WDI
Wirecard — 9M 2014 Earnings Presentation
34 slides from Wirecard's earnings presentation, Nov 19, 2014
Slide 1: Results 9M/Q3 of fiscal 2014 Investor Presentation
Wirecard AG Results 9M/Q3 of fiscal 2014 Investor Presentation Aschheim, 19th November 2014 © 2014 Wirecard AG 1
Slide 2: Content
Content 1. Key Figures 9M 2014 / Highlights YTD 2. Products and Solutions 3. Growth Drivers, Strategy and Outlook 4. Financial Data © 2014 Wirecard AG 2
Slide 3: 1. Key Figures 9M 2014 / Highlights YTD
Internet technologies will be the dominating technologies in payment processing in all sales channels: online, mobile and at the PoS. Wirecard is driving this trend. Dr. Markus Braun, CEO, Wirecard AG 1. Key Figures 9M 2014 / Highlights YTD
Slide 4: Key Figures first 9 months of fiscal 2014
Key Figures 9M 2014 / Highlights YTD Key Figures first 9 months of fiscal 2014 9M 2014 9M 2013 Change Transaction Volume EUR bn 24.4 19.0 28% Revenues EUR mn 424.2 341.1 24% EBITDA EUR mn 121.0 89.8 35% EBIT adjusted* EUR mn 104.3 78.1 34% EBIT EUR mn 92.2 71.4 29% Earnings after taxes EUR mn 74.2 5
Slide 5: Diversified Customer Portfolio – Target Industries
Key Figures 9M 2014 / Highlights YTD Diversified Customer Portfolio – Target Industries In the first 9 months of 2014 the transaction volume* amounted to EUR 24.4 billion (+28.4% yoy) of which EUR 5.1 billion (20.9%) was generated in Asia. The allocation as at the end of the 3rd quarter 2014 to the
Slide 6: Average Transaction Volume per Merchant 2009 - 2013
Key Figures 9M 2014 / Highlights YTD Average Transaction Volume per Merchant 2009 - 2013 in mn EUR 1.8 1.67 1.6 1.49 1.4 1.2 1.19 1.0 1.05 0.96 0.8 0.6 2009 2010 2011 2012 2013 © 2014 Wirecard AG 6
Slide 7: Operative Highlights YTD
Key Figures 9M 2014 / Highlights YTD Operative Highlights YTD Strong customer gains in the first 9 months – e.g.: La Prairie Group (subsidiary of the Beiersdorf Group); zooplus AG (leading online retailer in Europe for domestic pet supplies); SoftwareONE (one of the largest global software licensi
Slide 8: Operative Highlights YTD
Key Figures 9M 2014 / Highlights YTD Operative Highlights YTD Bijlipay: Wirecard is providing the technology for Skilworth Technologies Private Limited to introduce its white-label mPoS solution to the Indian market, based on Chip & Pin technology. Lexware: Wirecard is supporting the software ma
Slide 9: Vodafone SmartPass / Transport for London (TfL)
Key Figures 9M 2014 / Highlights YTD Vodafone SmartPass / Transport for London (TfL) The mobile payment solution Vodafone SmartPass is supported by Wirecard and is now available in transport services of the British organization Transport for London (TfL). Contactless Vodafone SmartPass payments can
Slide 10: Wirecard has acquired 3pay, one of the leading payment providers in Turkey
Key Figures 9M 2014 / Highlights YTD Wirecard has acquired 3pay, one of the leading payment providers in Turkey Purchase Price in cash payments: approx. EUR 12.0 million plus earn-out components of up to approx. EUR 14.0 million (depending on the operational profit of the acquired company in the y
Slide 11: Partnership with Visa in Prepaid
Key Figures 9M 2014 / Highlights YTD Partnership with Visa in Prepaid Wirecard AG and Visa Inc. announced their cooperation in prepaid card issuing, affirming their joint commitment to the growing prepaid markets in Asia-Pacific, Latin America, and other regions. As part of the partnership, Wirecard
Slide 12: Wirecard's Presence in Asia Pacific
Key Figures 9M 2014 / Highlights YTD Wirecard‘s Presence in Asia Pacific Singapore Wirecard Asia Systems@Work Trans Infotech PaymentLink Indonesia PT Prima Vista Solusi PT Aprisma Indonesia Vietnam Trans Infotech Vietnam Malaysia Wirecard Malaysia Systems@Work Korvac Malaysia Myanm
Slide 13: Wirecard's Presence in Asia Pacific
Key Figures 9M 2014 / Highlights YTD Wirecard‘s Presence in Asia Pacific Approx. 800 employees in the Asian offices Strong relationships to local banks & merchants grant participation of the strong growing electronic payment market in all the different channels Highly motivated local managemen
Slide 14: Examples of smart solutions in Asia
Key Figures 9M 2014 / Highlights YTD Examples of smart solutions in Asia Cashless & contactless Solution to enable Customers and corporates public transportation travelling bank staff can log in to their smart & road toll payments going to customers phone or tablet devices and Ecosystem premises to
Slide 15: 2. Products and Solutions
wirecard 2. Products and Solutions
Slide 16: Internet technologies are driving innovations
Products and Solutions Internet technologies are driving innovations © 2014 Wirecard AG 16
Slide 17: More than 18,000 merchants
Products and Solutions More than 18,000 merchants © 2014 Wirecard AG 17
Slide 18: Wirecard provides all ingredients for co-branded mobile wallet programs (white-label)
Products and Solutions Wirecard provides all ingredients for co-branded mobile wallet programs (white-label) © 2014 Wirecard AG 18
Slide 19: Wirecard ePOS concept: Customer-controlled checkout
Products and Solutions Wirecard ePOS concept: Customer-controlled checkout The customer uses the merchant´s application and is checked in at the retailer using Bluetooth (BLE) on Customer scans the No more queuing the mobile phone goods using the app at the check-out Loyalty points and vouchers can
Slide 20: Mobile Payment as the integrative platform between all sales channels
Products and Solutions Mobile Payment as the integrative platform between all sales channels m-commerce POS Software Interface NFC* Software Interface Software Interface e-commerce In-App *Near Field Communication 20
Slide 21: 3. Growth Drivers, Strategy and Outlook
3. Growth Drivers, Strategy and Outlook
Slide 22: New trends drive the e-commerce market
Growth Drivers, Strategy and Outlook New trends drive the e-commerce market $4.7 trillion by 2019, up from just over $2.5 trillion this year: The annual transaction value of online, mobile and contactless payments. (Juniper Research, June 2014) Global e-commerce will continue to witness growth i
Slide 23: Issuing and Mobile Services
Growth Drivers, Strategy and Outlook Issuing and Mobile Services The number of NFC-enabled phones is expected to keep growing and reach around 550 million devices in 2014, helped by Apple‘s devices and an expanding number of Android gadgets. (Gartner, September 2014) 1.8 million contactless acce
Slide 24: Outlook
Growth Drivers, Strategy and Outlook Outlook FY 2014: EBITDA guidance for the fiscal year 2014 in a bandwidth of between EUR 170 to 177 million. (Equivalent to an EBITDA increase of 35 to 40 percent in comparison to 2013) FY 2015: EBITDA guidance for the fiscal year 2015 in a bandwidth of between EU
Slide 25: 4. Financial Data
4. Financial Data
Slide 26: Key Figures 9M 2014 / 9M 2013
Financial Data Key Figures 9M 2014 / 9M 2013 in kEUR 9M 2014 9M 2013 Change Revenues 424,240 341,119 24% EBITDA 120,954 89,793 35% EBIT adjusted* 104,285 78,108 34% EBIT 92,161 71,400 29% Taxes 14,193 11,332 25% Profit after Taxes 74,158 56,757 31% EPS (undiluted) in EUR 0.61 0.51 20% Operating cash
Slide 27: Revenues, Costs & EBITDA Growth 9M 2013 / 9M 2014
Financial Data Revenues, Costs & EBITDA Growth 9M 2013 / 9M 2014 in kEUR 450,000 + 24.4% 400,000 9M 2013 9M 2014 350,000 + 20.7% 300,000 250,000 200,000 + 34.7% 150,000 100,000 50,000 341,119 424,240 251,326 303,286 89,793 120,954 0 Revenues Cost of materials incr./decr. of EBITDA invent. and own wo
Slide 28: Cash flow from operating activities 2013 / 2014
Key Figures 9M 2014 / Highlights YTD Cash flow from operating activities 2013 / 2014 in kEUR Operative Cash flow (adjusted) 2013/2014 Operative Cash flow 2013/2014 125,000 + 25,536 125,000 100,000 100,000 75,000 75,000 50,000 50,000 + 23,313 25,000 25,000 0,000 0,000 ‐25,000 ‐25,000 31.03. 30.06. 30
Slide 29: Development Acquiring & Issuing Segment 9M 2014
Financial Data Development Acquiring & Issuing Segment 9M 2014 in kEUR 9M 2014 Revenues EBITDA Acquiring & Issuing Segment 147,432 23,888 Acquiring 114,793 15,201 Issuing 32,639 8,687 © 2014 Wirecard AG 28 29
Slide 30: Consolidated Income Statement 9M 2014 / 9M 2013
Financial Data Consolidated Income Statement 9M 2014 / 9M 2013 in kEUR 9M 2014 of revenues 9M 2013 of revenues Revenues 424,240 341,119 Own work capitalized 18,355 14,781 Cost of materials -241,835 57.0% -202,540 59.4% Personnel expenses -47,156 11.1% -34,481 10.1% Other operating expenses -36,123 8
Slide 31: Income taxes 9M 2014 / 9M 2013
Financial Data Income taxes 9M 2014 / 9M 2013 in kEUR 9M 2014 of earnings before 9M 2013 of earnings before taxes taxes Earnings before taxes 88,351 68,089 Taxes on income and profit -14,193 16.1% -11,332 16.6% thereof impact from deferred taxes -2,024 2.3% -1,746 2.6% thereof taxes to be paid -12,1
Slide 32: Balance Sheet as of 30 September 2014 / 30 June 2014
Financial Data Balance Sheet as of 30 September 2014 / 30 June 2014 Assets in kEUR 30.09.2014 30.06.2014 Equity and liabilities in kEUR 30.09.2014 30.06.2014 Non-current assets 689,037 670,821 Shareholders´ equity 1,038,449 1,003,207 Goodwill 171,118 170,683 Liabilities 793,249 768,487 Deferred tax
Slide 33: Disclaimer
Disclaimer This presentation contains explicit and implicit forward-looking statements concerning Wirecard AG, its affiliated companies and their business. These statements are subject to various known and unknown risks, uncertainties and other factors due to which the actual events, financial condi
Slide 34: Contact
Contact Investor Relations Iris Stöckl: iris.stoeckl@wirecard.com IR-Team: ir@wirecard.com T: + 49 (0) 89 4424 1788 Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany