Tomtom Nv · EURONEXT:TOM2
Tomtom Nv — Q3 2019 Earnings Presentation
14 slides from Tomtom Nv's earnings presentation, Oct 16, 2019
Slide 1: Q3 2019 Results
Q3 2019 RESULTS Harold Goddijn – CEO Taco Titulaer – CFO 16 OCTOBER 2019
Slide 2: Operational highlights
Operational highlights • Navigation technology is now integrated in the Microsoft Connected Vehicle Platform • Mapmaking platform further enhanced: 2.4 billion modifications completed in a single month • Over 1 million TomTom ADAS enabled vehicles on the road • Launched our own fully self-driving ve
Slide 3: Financial highlights
Financial highlights • Group revenue of €164 million (Q3 '18: €176 million) • Gross margin of 78% (Q3 '18: 71%) • Adjusted EPS of €0.33 (Q3 '18: €0.10) • Free cash flow of €23 million (Q3 '18: €15 million1) • Net cash position of €393 million (Q3 ‘18: €179 million) • Deferred revenue position of €34
Slide 4: Continued growth in Automotive
Continued growth in Automotive Operational revenue (in € millions) +23% 88 72 33 13 53 5 59 55 48 Net increase of deferred and unbilled revenue Reported revenue Q3 '17 Q3 '18 Q3 '19 4 / 14 3 13
Slide 5: 2019 Outlook updated
2019 Outlook updated • Location Technology revenue expected to grow by Updated Previous Actuals 14% year on year Outlook 2019 Outlook 2019 2018 • Gross margin of at least 70% in the year Revenue ~€700 million >€700 million €687 million • Adjusted EPS of around €0.20 of which from €425 million €435 m
Slide 6: Cumulative free cash flows
Cumulative free cash flows Expected strong FCF for Q4 due to seasonality of cash payments 100 80 FCF as a % of 60 9% Group revenue 40 20 0 -20 -40 2019E -60 Q1 Q2 Q3 Q4 2018 2017 2019 FCF excludes the impact of the Telematics divestment. 2017 and 2018 FCF are high level estimates only, which involve
Slide 7: Thank you – Any questions?
Thank you – Any questions?
Slide 8: Revenue break-down
Revenue break-down BY SEGMENT BY TYPE YTD ‘18 YTD ‘19 YTD ‘18 YTD ‘19 34% 42% 39% 48% €513m 52% €545m €513m €545m 58% 61% 66% Location Technology Data, software & services Consumer Hardware 8 / 13
Slide 9: P&L
P&L (€ in thousands) Q2 '18 Q3 '18 Q4 '18 Q1 '19 Q2 '19 Q3 '19 YTD '19 YTD '18 REVENUE 187,524 176,330 173,999 169,527 210,803 164,206 544,536 512,797 Automotive 62,574 59,365 73,397 65,126 75,944 55,404 196,474 171,649 Enterprise 30,036 33,906 33,225 37,833 40,156 41,141 119,130 94,001 Consumer 94,
Slide 10: Balance Sheet
Balance Sheet (€ in thousands) 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 ASSETS Goodwill 255,451 255,858 192,294 192,294 192,294 192,294 Intangible assets 693,202 684,229 634,728 613,978 509,597 444,646 Contract related assets 20,428 20,896 24,497 27,715 21,606 23,679 Other non-cur
Slide 11: Cash flow
Cash flow (€ in thousands) Q2 '18 Q3 '18 Q4 '18 Q1 '19 Q2 '19 Q3 '19 YTD '19 YTD '18 Operating result 24,890 23,782 -45 5,824 -82,959 -57,085 -134,220 55,558 Financial gains/(losses) -1,421 523 1,420 -437 -208 1,424 779 -1,151 Depreciation and amortisation 38,515 38,654 43,666 31,971 113,942 72,939
Slide 12: Outstanding shares
Outstanding shares Q3 '19 YTD '19 Common shares outstanding at the end of the period 132,366,672 132,366,672 Shares in issue at the beginning of the period 131,068,158 231,240,514 Shares in issue at the end of the period 131,447,251 131,447,251 Average shares in issue during the period1 131,304,561
Slide 13: Important Notice
Important Notice DISCLAIMER This document contains certain forward-looking statements with respect to the financial position and results of TomTom’s activities. We have based these forward-looking statements on our current expectations and projections about future events, including numerous assumpti
Slide 14: TomTom NV contact details
TOMTOM NV DE RUIJTERKADE 154 1011 AC AMSTERDAM THE NETHERLANDS @: IR@TOMTOM.COM T: +31 20 757 5194 WWW.TOMTOM.COM/INVESTORS