Slide 1: TomTom Q3 2011 results
TomTom Q3 2011 results Harold Goddijn – CEO Marina Wyatt – CFO 24 October 2011
Slide 2: Summary
Summary › Solid Q3 performance › Consumer segment continues to be weak › Strong performance of Automotive, Licensing and Business Solutions › Net cash flow from operating activities of €70 million › Restructuring programme initiated; cost base reduction of €50 million 1
Slide 3: Q3 operational highlights
Q3 operational highlights › Consumer › Products launched for Indian market › PND with travel apps introduced in US › Automotive › Relationships with Renault, Fiat and Mazda expanded › TomTom automotive solutions available in 33 models › Licensing › 400,000 kilometres of road added to latest map rele
Slide 4: TomTom HD Traffic
TomTom HD Traffic › HD Traffic launched in Canada and Czech Republic; dynamic routing available in 23 countries › Historical and real time traffic Licensing deals with amongst others Mappy and the Flemish government › LIVE Services attachment rate increased to 28% from 21% last year* › 1.3 million p
Slide 5: Outlook 2011 maintained
Outlook 2011 maintained › Revenue of between €1,225 and €1,275 million › Operating expenses of approximately €540 million; capital expenditure of approximately €80 million › EPS of between €0.25 and €0.30 4
Slide 6: Revenue analysis
Revenue analysis €375 million €336 million Q3 2010 by business unit Q3 2011 by business unit Business Business Solutions Solutions 5% Consumer 3% Consumer 67% Licensing 78% Licensing 8% 11% Automotive 11% Automotive 17% Q3 2010 by segment Q3 2011 by segment C&S C&S Hardware 32% Hardware 24% 76% 68%
Slide 7: Earnings overview
Earnings overview in € millions Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Gross result 185 178 237 141 160 173 Gross margin 51% 48% 46% 53% 51% 51% Operating expenses 135 123 172 123 142 132 Operating result 50 55 65 18 18 41 Operating margin 14% 15% 13% 7% 6% 12% Interest result (9) (10) (8) (6) (6
Slide 8: Cash flow
Cash flow in € millions Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 Operating result 50 55 65 18 18 41 Depreciation and amortisation 26 26 31 26 28 28 Financial gains / (losses) 4 (1) (4) (3) 2 (2) Other 7 0 4 0 2 1 Changes in working capital (5) (16) 48 (36) (74) 8 Cash generated from operations 82 6
Slide 9: Balance sheet
Balance sheet 30 Jun 30 Sep 31 Dec 31 Mar 30 Jun 30 Sep in € millions '10 '10 '10 '11 '11 '11 Goodwill 855 855 855 855 382 382 Other intangible assets 965 958 946 938 902 896 Other non-current assets 70 67 69 64 61 57 Inventories 63 80 94 99 102 73 Receivables, prepayments & financial instruments 31
Slide 10: Thank you Any questions?
Thank you Any questions?
Slide 11: Operating expenses
Operating expenses 60 180 172 40 44 42 41 44 36 40 R&D 150 142 20 135 132 0 123 123 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 120 60 48 90 40 30 Marketing 24 17 17 20 10 60 0 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 30 60 54 50 48 47 49 49 0 40 Q2 '10 Q3 '10 Q4 '10 Q1 '11 Q2 '11 Q3 '11 SG&A 20 0 To
Slide 12: Impact of FX rate changes
Impact of FX rate changes Q3 '11 results based on current exchange rates and those of previous quarters compared Q3 '11 Q3 '10 Q2 '11 in € millions rates rates rates Revenue 336 346 336 Cost of sales 164 180 163 Gross margin 51% 48% 51% Gross profit 173 166 173 P&L rates in € US dollar 1.44 1.27 1.4
Slide 13: Outstanding shares
Outstanding shares Common shares outstanding end of Q2 ‘11 221,895,012 Common shares outstanding end of Q3 ‘11 221,895,012 Average shares outstanding in Q3 ‘11 221,895,012 In the money share options as of Q2 ‘11 0 In the money share options as of Q3 ‘11 0 Average potential dilutive share options out
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