Slide 1: TomTom Group First quarter 2009 results
TomTom Group First quarter 2009 results Harold Goddijn – CEO Marina Wyatt - CFO
Slide 2: 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
Slide 3: First quarter 2009 review
First quarter 2009 review Macro economic challenging market conditions environment visibility remains limited Strategy delivery broadened PND portfolio shipped first fully in-dash product launch of LBS portal Investing for future European roll-out of HD traffic growth creation of LBS platform develo
Slide 4: PND portfolio broadened
PND portfolio broadened TomTom XL and ONE with IQ Routes introduced “… we found IQ Routes calculated much more sensible options most of the time …” – TrustedReviews.com • Increased differentiation of mid and entry level ranges “…IQ routes is now smarter on my run around town in the morning. It used
Slide 5: HD Traffic gaining momentum
HD Traffic gaining momentum • Renewal rate of subscription service of over 30%, and growing • Ongoing improvement of service • Belgium and Portugal scheduled roll- out later 2009 • Combination of IQ Routes (historical) and HD Traffic (real time) is setting new standard in route calculation 5 All per
Slide 6: Group synergies visible in latest Tele Atlas releases
Group synergies visible in latest Tele Atlas releases Historical Traffic Patterns to enable time based routing • Available in 26 countries, covering 35 million kilometers of roads • Data derived from more than 600 billion speed measurements resulting in 77% of frequently traveled roadways with actua
Slide 7: AUTO update and continued growth WORK
AUTO update … … and continued growth WORK • First production line-fitted TomTom with Renault Clio • Toyota relationship extended • WORK subscriber base increased to 74,000 7 All percentages and sums are calculated on non rounded numbers © 2009 TomTom
Slide 8: LBS portal with best in class Routeplanner
LBS portal with best in class Routeplanner • TomTom Route Planner (routes.tomtom.com) launched in March ’09 over 2 million unique visitors • Features HD Traffic and IQ Routes • Rated #1 online route planner by specialized German website* • Further roll-out plans include Traffic info for US and enhan
Slide 9: Revenue analysis
Revenue analysis Revenue (in € millions) ASP PNDs (in €) 100% 150 16% 24% 100 34% 80% 117 100 50 99 0 60% Q1 '08 Q4 '08 Q1 '09 84% Units PNDs (in millions) 40% 76% 5 66% 4 20% 3 2 4.4 1 2.0 1.4 0% 0 Q1 '08 Q4 '08 Q1 '09 Q1 '08 Q4 '08 Q1 '09 PNDs Other 9 All percentages and sums are calculated on non
Slide 10: Continued focus on operating expense reductions
Continued focus on operating expense reductions 75 69 60 56 56 56 57 52 50 46 47 44 43 Marketing 40 38 38 37 SG&A 31 R&D 28 25 17 0 Q4 '07 Q1 '08 Q2 '08 Q3 '08 Q4 '08 Q1 '09 Pro forma and excluding goodwill impairment and restructuring charges in € millions Q4 ’07 Q1 ‘08 Q2 ‘08 Q3 ’08 Q4 ’08 Q1 ’09
Slide 11: Cost cutting programme well underway
Cost cutting programme well underway €160 Cost reductions are made up of • Reduction # of staff - 240 jobs by end of Q1 ’09 €120 € 155 €37m €5 • Acceleration of restructuring and € 118 integration of Tele Atlas €80 • Reduced discretionary spending Q1 '08 Q1 '09 and number of contractors €700 • Marke
Slide 12: Earnings overview TomTom Group
Earnings overview TomTom Group (pro-forma excluding impairment & restructuring) in € millions Q1 ’09 Q1 ’08 Q4 ’08 Operating result (11) (6) 70 Interest result (17) (25) (28) Other finance result (16) 11 53 Result of associate 0 (1) 0 Taxation 11 (3.8) (24) Effective tax rate (26%) 19% 26% Net resul
Slide 13: Cash flow TomTom Group
Cash flow TomTom Group (excluding impairment) in € millions Q1 ’09 Q1 ’08 Q4 ’08 Operating result (16) 9 54 Depreciation and amortisation 26 8 28 Financial gains (losses) (20) (4) 56 Other (9) 0 4 Changes in working capital 33 40 108 Cash generated from operations 13 52 251 Interest received 1 5 2 I
Slide 14: Balance sheet TomTom Group
Balance sheet TomTom Group in € millions Q1 ’09 Q4 ’08 Q1 ’08 Non-current assets Goodwill 855 855 0 Intangible assets 1,000 1,011 55 Property, plant & equipment 55 53 20 Deferred tax assets 45 33 18 Investments 6 6 812 Current assets Inventories 97 145 136 Receivables, prepayments & financial instru
Slide 15: Questions?
Questions? Tomtom 5)