Slide 1: TomTom Q2 2014 results
TomTom Q2 2014 results Harold Goddijn – CEO Marina Wyatt – CFO 24 July 2014
Slide 2: Consumer: Operational highlights Q2 2014
Consumer Operational highlights Q2 2014 • Rationalisation of the entire PND series to one software platform • TomTom Cardio GPS sport watches now available in 26 PNDs countries • Marketing campaign for Cardio launched in June Strategy • Maximise value from the PND category and establish a multiprodu
Slide 3: Automotive & Licensing: Operational highlights Q2 2014
Automotive & Licensing Operational highlights Q2 2014 • Daimler’s Smart cars shipping with a new navigation system, featuring TomTom content and services Available • Delivery of TomTom Traffic for Audi in China announced TOMTOM TRAFFIC – GLOBAL COVERAGE • Real-time traffic service extended to Turkey
Slide 4: TomTom map-making platform
TomTom map-making platform • Real-time map making platform substantially completed by the end of 2014 • TomTom is superior in combining multiple resources in its map- making process • Unique map making capabilities: our maps will be updated on an incremental basis with high quality, high efficiency
Slide 5: Telematics: Operational highlights Q2 2014
Telematics Operational highlights Q2 2014 400 395 (x 1,000) • 395,000 vehicles subscribed to our WEBFLEET 300 269 SaaS platform, a 47% increase YoY 209 200 152 • Acquisition of DAMS Tracking’s installed base 100 104 completed 0 Q1 '10 Q2 '11 Q2 '12 Q2 '13 Q2 '14 • Partnership with Allianz announced
Slide 6: Financial highlights Q2 2014
Financial highlights Q2 2014 • Group revenue of €252 million (Q2 '13: €250 million) • Gross margin of 56% (Q2 '13: 51%) • OPEX of €130 million (Q2 '13: €120 million) • EBIT of €10 million (Q2 '13: €8 million) • Adjusted¹ EPS of €0.08 (Q2 '13: €0.07) • Net cash of €51 million ¹Earnings per share adju
Slide 7: Full year outlook 2014 increased
Full year outlook 2014 increased • Revenue of at least €925 million • Adjusted¹ EPS of at least €0.25 ¹Earnings per share adjusted for acquisition-related amortisation & gain on a post-tax basis NOTE: February 2014 guidance: Revenue of around €900 million; Adjusted¹ EPS of around €0.20; April 2014 g
Slide 8: Thank you
Thank you Any questions? TOMTOMY
Slide 9: Revenue breakdown – quarterly
Revenue breakdown – quarterly Q2 '14 group revenue: €252 million; Q2 '13: €250 million Breakdown by segment1 Breakdown by category1 Q2 '14 Q2 '13 Q2 '14 Q2 '13 10% 8% 12% 11% 41% 42% 12% 12% 59% 58% 67% 68% Consumer € 169 million Consumer € 172 million Automotive € 31 million Automotive € 30 million
Slide 10: Quarterly P&L statistics
Quarterly P&L statistics (€ in thousands) Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 H1 '14 FY '13 REVENUE 201,589 250,246 244,056 267,563 205,378 251,951 457,329 963,454 Cost of Sales 89,123 122,386 106,573 124,126 88,089 112,089 200,178 442,207 GROSS RESULT 112,466 127,860 137,483 143,437 117,289 1
Slide 11: Quarterly balance sheet statistics
Quarterly balance sheet statistics (€ in thousands) 31-Mar-13 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 ASSETS NON-CURRENT ASSETS Goodwill 381,569 381,569 381,569 381,569 381,569 381,569 Other intangible assets 811,827 809,964 812,246 803,635 798,468 799,394 Other non-current assets 43,969 3
Slide 12: Quarterly cash flow statistics
Quarterly cash flow statistics (€ in thousands) Q1 '13 Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 H1 '14 FY '13 Operating result 48 7,648 13,615 4,233 1,511 10,232 11,742 25,546 Financial gains/(losses) -2,643 -1,610 -323 -3,179 380 -34 331 -7,757 Depreciation and amortisation 28,708 32,212 27,416 29,083 28
Slide 13: Impact of FX rate changes – quarterly
Impact of FX rate changes – quarterly Actual key Q2 '14 financials recalculated based on last year (Q2 '13) and last quarter (Q1 '14) FX rates (€ in thousands) Q2 '14 Q2 '13 Q1 '14 REVENUE 252 254 252 Cost of Sales 112 116 112 GROSS RESULT 140 138 139 Gross margin 55.5% 54.4% 55.4% P&L RATES IN € US
Slide 14: Outstanding shares
Outstanding shares Common shares outstanding end of Q1 '14 222,191,212 Common shares outstanding end of Q2 '14 222,311,912 Average shares outstanding in Q2 '14 222,237,582 (A) In the money share options end of Q1 '14 7,200,100 In the money share options end of Q2 '14 11,737,143 Average potential dil
Slide 15: Deferred revenue
Deferred revenue IFRS deferred revenue for Lifetime Maps (LTM) and Lifetime Traffic (LTT) example (Estimated) fair value per Price (ASP) bundled component Allocation of revenue product 10% (LTM) €20 (LTM) Deferred and released 15% (LTT) €30 (LTT) over 48 months Sales price PND €200 75% €150 Recognis
Slide 16: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of TomTom NV and its subsidiaries (referred to as 'the company' or ‘the group’) and certain of the plans and objectives of the company with respect to