Kapsch Trafficcom Ag · VIE:KTCG
Kapsch Trafficcom — Investor Presentation (April 2019)
33 slides from Kapsch Trafficcom's investor presentation, April 2019
Slide 1: Kapsch TrafficCom Investor Presentation April 2019
Kapsch TrafficCom Investor Presentation. April 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. Financing transportation networks. Urbanization. Kapsch TrafficCom’s approach. Road infrastructure needs to be maintained and expanded. Share of people living Help deal with traffic flows more effici
Slide 5: Reporting segments: Tolling (ETC)
Reporting segments. Tolling (Electronic Toll Collection, ETC). ETC = 76% 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 to
Slide 6: Reporting segments: Intelligent Mobility Solutions (IMS)
Reporting segments. Intelligent Mobility Solutions (IMS). IMS = 24% 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 managem
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
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 Q1-Q3 2018/19
Financial results. Q1-Q3 2018/19.
Slide 11: Q1-Q3 2018/19 Highlights
Q1-Q3 2018/19. Highlights. Germany: JV with CTS EVENTIM got contract for implementation & operation of passenger vehicle toll system. ▪ Term: Implementation until September 2020; thereafter, 12-15 years. ▪ Total project volume for the JV: about EUR 1.6 billion over minimum contract period; at-equity
Slide 12: Q1-Q3 2018/19 Highlights: revenues, EBIT
Q1-Q3 2018/19. Highlights. 3rd Quarter: ▪ Group revenues on all-time high; increased revenues in both segments. ▪ EBIT margin of 8%: ETC 10.7%; IMS 0.6%. ▪ Impairment of a tax asset in Brazil (EUR 4.0 million) did not allow an even better result. Deferments in certain projects had impact on revenues
Slide 13: Other key financials
Q1-Q3 2018/19. Other key financials. Balance sheet total Net CAPEX Free cash flow Net cash/debt and equity ratio 10 45 700 25 35 40.6 26.1 600 621.1 632.2 8 8.8 33.1 15 25 16.2 568.1 500 in EUR mn 5 in EUR mn in EUR mn in EUR mn 15 6 400 40.2% 6.0 -5 37.0% 37.1% 5 4 4.8 -15 300 -5 -15 -25 200 2 -25
Slide 14: Outlook & medium-term goals
Outlook & medium-term goals. Outlook 2018/19 Revenue increase EBIT at previous year's level 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
Slide 15: 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 16: 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 June 18, 2019 Results FY 2018/19 Vienna Stock
Slide 17: Share price development (last 12 months)
Share price development (last 12 months). Kapsch TrafficCom and ATX Prime. 120 CZ: Offer for nation-wide CZ: Tender Profit warning: Q1 New project: CZ: Minister New project: Support New project: tolling system not cancelled below expectations, Modernize toll signed contract operation of nation- Pass
Slide 18: 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 19: 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 20: Appendix: References and recent major projects
Appendix. References and recent major projects.
Slide 21: References in more than 50 countries
References in more than 50 countries. EMEA All figures in EUR mn % of total unless otherwise stated 2017/18 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 22: 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 23: 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 24: 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 25: Major project: Road safety 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 26: Major project: Nation-wide tolling in Bulgaria
Overview: Major project. Nation-wide tolling system in Bulgaria. About the project Republic of Bulgaria Capital: Sofia Implement nation-wide tolling system, start: 01/2018 Official language: Bulgarian GDP (PPP)/cap*: USD 20,329 ▪ Satellite technology for trucks over 3.5 tons, Currency: Lev (BGN) Pop
Slide 27: Major project: Tolling in Maryland
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 28: 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 29: Appendix: Miscellaneous
Kapsch > challenging limits Appendix. Miscellaneous.
Slide 30: 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 31: 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 32: 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 33: 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.
Kapsch TrafficCom — Investor Presentation (April 2019) on 6ix