Wirecard AG · HAM:WDI
Wirecard — Q1 2012 Earnings Presentation
30 slides from Wirecard's earnings presentation, May 2012
Slide 1: Investor Presentation 1st Quarter Results 2012
Wirecard AG Investor Presentation 1st Quarter Results 2012
Slide 2: Agenda
Agenda 1. Key Figures, Company and Stock 2. Products and Solutions 3. Growth Drivers, Strategy and Outlook 4. Financial Data © 2012 Wirecard AG 2
Slide 3: 1. Key Figures, Company and Stock
1. Key Figures, Company and Stock
Slide 4: Key Figures 1st Quarter 2012
Key Figures, Company and Stock 1st Quarter 2012 Q1 2012 Q1 2011 Change in % Group results Transaction volume EUR bn 4.4 3.4 +29.4% Revenues EUR mn 83.6 69.9 +19.6% EBITDA EUR mn 23.3 16.9 +37.9% EBITDA EUR mn 23.3 19.2 +21.4% without one-offs Operating cash flow* EUR mn 18.3 12.7 +44.1% Earnings aft
Slide 5: Highlights YTD
Key Figures, Company and Stock Highlights YTD Strategic alliance agreement with TravelTainment GmbH, an Amadeus IT Group company – TravelTainment expands TT-DataMix with Wirecard SCP-Solution – a multichannel solution for tourism New customer gains such as Bechtle AG, 6Wunderkinder, Thomas Cook, and
Slide 6: Diversified Customer Portfolio – Target Industries
Key Figures, Company and Stock Diversified Customer Portfolio – Target Industries After the first three months in 2012 the transaction volume* amounted to EUR 4.4 billion (+29% yoy). Thereof 9.1% (EUR 0.4 bn) was generated in Asia. The allocation as at the end of the 1st quarter 2012 to the individu
Slide 7: Stock Performance
Wirecard Stock Stock Performance % Q1 150 Wirecard AG, indexed 140 TecDAX, indexed 130 ISIN DE0007472060 WKN 747206 120 Ticker Symbol WDI 110 Market Segment Prime Standard Index TecDAX 100 Number of Shares 111,983,452 (after Capital 90 Increase*) Year High 2012 EUR 15.03 80 Year Low 2012 EUR 12.33 7
Slide 8: Shareholder Structure | May 2012
Wirecard Stock Shareholder Structure* | May 2012 MB Beteiligungsgesellschaft mbH 7 % (DE) *Jupiter Asset Management Limited 6 % (UK) *Alken Fund SICAV 5 % (LU) ** 93 % *Wasatch Holdings Inc. Freefloat 3 % (US) *Columbia Wanger AM LLC 3 % (US) *Ameriprise Financial, Inc. 3 % (US) *) Shareholder Overv
Slide 9: 2. Products and Solutions
2. Products and Solutions
Slide 10: Wirecard Group's Merchant Services
Products and Solutions Wirecard Group's Merchant Services Online payment Support of all major global payment methods services Acquiring Wirecard Bank is a Member of Visa, MasterCard, licensed services acquirer for Discover/Diners, China UnionPay, JCB Payment Collection of a variety of alternative pa
Slide 11: Products and Solutions
Products and Solutions © 2012 Wirecard AG 11
Slide 12: How to connect – Implementation Options
Products and Solutions How to connect – Implementation Options Wirecard offers merchants a wide range of options to connect to its platform: − Hosted Payment Page − Virtual Terminal − PoS Terminal / Card reader hardware − Real time Payment & Risk Transaction Processing, Application Programming Inter
Slide 13: Card Issuing – Support for multiple card types
Products and Solutions Card Issuing – Support for multiple card types Consumer Payment Cards Co-branded consumer Closed loop card B2B card solutions payment cards solutions Easy and flexible Loyality by bonus Card solutions in Standardized real time accordance with the EU payments worldwide e-money
Slide 14: In-topic: Mobile Commerce
Products and Solutions – In-topic: Mobile Commerce Requirements: Mobile wallet − Mobile device replaces traditional plastic cards − Near-field communication (NFC) enables terminal interaction − Loyalty and bonus programs (voucher, location-based services) The Wirecard approach: Available platform co
Slide 15: Mobile wallet components – supplier comparison
Products and Solutions – In-topic: Mobile Commerce Mobile wallet components – supplier comparison Financial Software Specialist Wirecard Institutions Companies Suppliers SVA (stored value account) / zero balance account Comprehensive white label software platform, incl. smartphone app, P2P-transfers
Slide 16: Summary – How we differentiate
Products and Solutions Summary How we differentiate, the holistic approach − Centralization of payment transactions from many and various distribution and procurement channels on a single platform − Combination of software technology and bank products − Global gateway for all services − Covering the
Slide 17: 3. Growth Drivers, Strategy and Outlook
3. Growth Drivers, Strategy and Outlook
Slide 18: eCommerce is going through transition
Growth Drivers, Strategy and Outlook eCommerce is going through transition Online retailers have to keep pace with incredible speed of the market driven by multichannel and mobile commerce - Europe’s eCommerce market 2012 will record ~ 11% growth (based on the outlook for the individual target secto
Slide 19: Key objectives
Growth Drivers, Strategy and Outlook Key objectives − to continue strategy of organic growth in conjunction with smart M&A deals − to expand the leading position in Europe and the Asian business − to gain new customer relationships − to broaden the existing customer base − to enhance the Company‘s v
Slide 20: Outlook
Growth Drivers, Strategy and Outlook Outlook Fiscal Year 2012: EBITDA between 103 and 115 million euros Guidance based on: − Basic growth along with the eCommerce market acceleration by ~11% − Additional growth due to new customer relationships and product innovation (cross-selling) − 2012 EBITDA co
Slide 21: 4. Financial Data
4. Financial Data
Slide 22: Card Issuing development
Financial Data Card Issuing development Q1 2012 Revenues EBITDA Acquiring & Issuing Segment EUR 32.3 mn EUR 5.6 mn Acquiring EUR 24.8 mn EUR 3.3 mn Issuing EUR 7.5 mn EUR 2.3 mn © 2012 Wirecard AG 22
Slide 23: Key Figures 1st Quarter 2012/2011
Financial Data Key Figures 1st Quarter 2012/2011 in TEUR Q1 2012 Q1 2011 Revenues 83,640 69,881 EBITDA 23,258 16,866 EBIT 19,723 15,143 Taxes 3,741 3,042 Profit after Taxes 15,282 12,519 EPS* 0.15 0.12 Operating Cash flow** 18,262 12,737 Shareholders’ Equity 494,116 302,337 Total Equity and Liabilit
Slide 24: Revenues, Costs and EBITDA Growth 1st Quarter 2011/2012
Financial Data Revenues, Costs and EBITDA Growth 1st Quarter 2011/2012 Q1/2011 incl. special expenditures Q1/2011 excl. special expenditures Q1/2012 in TEUR 100,000 + 20 % 90,000 + 20 % 80,000 83,640 + 14 % 70,000 69,881 69,881 + 19 % 60,000 60,382 50,000 53,015* 50,715 40,000 + 38 % 30,000 + 21 % 2
Slide 25: Consolidated Income Statement 1st Quarter 2012/2011
Financial Data Consolidated Income Statement 1st Quarter 2012/2011 in TEUR Q1 2012 of Revenues Q1 2011* of Revenues Revenues 83,640 69,881 Own work capitalized 2,088 1,621 Cost of materials (47,787) (57.1%) (40,389) (57.8%) Personnel expenses (8,699) (10.4%) (7,025) (10.1%) Other operating expenses
Slide 26: Balance Sheet as of March 31, 2012 / December 31, 2011
Financial Data Balance Sheet as of March 31, 2012 / December 31, 2011 in TEUR Assets 03/31/2012 12/31/2011 Equity and liabilities 03/31/2012 12/31/2011 Non-currrent assets 314,426 295,984 Shareholders’ equity 494,116 340,887 Goodwill 127,565 127,565 Liabilities 374,092 366,172 Deferred tax assets 1,
Slide 27: Changes in Shareholders' Equity 2011/2012
Financial Data Changes in Shareholders’ Equity 2011/2012 in EUR Balance as of December 31, 2011 340,887,349.05 Profit after taxes 15,281,888.56 Contingent capital increase 137,870,893.96 Changes due to currency translation 75,760.35 Balance as of March 31, 2012 494,115,891.92 © 2012 Wirecard AG 27
Slide 28: Capital Increase as of March 8, 2012
Financial Data Capital Increase as of March 8, 2012 Capital stock Capital reserve Total Shares in EUR in EUR in EUR As of 12/31/2011 101,803,139 101,803,139.00 11,261,517.49 Capital increase 10,180,313 10,180,313.00 129,289,975.10 139,470,288.10 - Directly attributable costs (2,202,263.87) - Related
Slide 29: 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 30: Contact Wirecard AG
Contact Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany Investor Relations Iris Stöckl iris.stoeckl@wirecard.com T: + 49 (0) 89 4424 1424