Wirecard AG · HAM:WDI
Wirecard — Q3 2010 Earnings Presentation
28 slides from Wirecard's earnings presentation, Nov 18, 2010
Slide 1: Wirecard AG – Investor Presentation Q3/9 months results of fiscal 2010
Wirecard AG – Investor Presentation Q3/9 months results of fiscal 2010
Slide 2: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2010 3 Financial Data © 2010 Wirecard AG 2
Slide 3: Results 9 Months of Fiscal 2010
Results 9 Months of Fiscal 2010 2010 2009 Change in % Results 9 Months Revenues EUR mn 194 7 194.7 163 7 163.7 19% EBITDA EUR mn 52.7 43.6 21% EBIT EUR mn 48.5 40.7 19% Earning E i after ft taxes t EUR mn 40 5 40.5 33 3 33.3 22% Cash flow (adjusted) EUR mn 38.5 33.9 14% Earnings per shar
Slide 4: Company Highlights 9 Months of 2010
Company Highlights 9 Months of 2010 Various new customer relationships DB Vertriebs GmbH,, a Deutsche Bahn subsidiary y Channel21, Germany’s third largest tele-shopping TV station Destinations of the World, a leading B2B travel industry wholesaler Olsenfashion.com, a Germany-based fashion co
Slide 5: Company Highlights 9 Months of 2010
Company Highlights 9 Months of 2010 Sales or strategic cooperations Metro Deutschland, Lekkerland (Convenience wholesaler), ICP Companies Diners Club and Discover acquiring licence Adjustments/ broadening of product lines (examples) B2B credit status checks via Bürgel Risk management: the Fr
Slide 6: Key Figures
Company Key Figures > 11,000 corporate customers from various industries 500 employees l 120 transaction currencies 85 payment and risk management solutions 9,1 billion euros in transaction volume (as at September 30, 2010) © 2010 Wirecard AG 6
Slide 7: Integrated Business Model
Company Integrated Business Model Merchant Payment Service Provider (PSP) Bank Services Payment Processing Acquiring and Issuing Risk Management Corporate and private (Fraud Prevention, Credit bank accounts Rating, Data Cleansing) Acquiring Banks & Banking /Financial Online Banking Issuing
Slide 8: Products and Services
Company Products and Services Credit Card Acquiring Wirecard Bank Principal Member of Visa, MasterCard / licensed q acquirer for Diners,, Discover and JCB Funds Transfer SWIFT, SEPA, IZV/AZV and domestic direct debit via Wirecard Bank Payment Processing Support of all major inter-/ national payment
Slide 9: Unique Approach
Company Unique Approach Software technology meets banking products Software Business Process Outsourcing (BPO) “electronic payments“ as a basis Payment gateway (incl. risk management) combined with acquiring/banking services as a package International All services via a single platform service o
Slide 10: Diversified Customer Portfolio – Various Industries
Company Diversified Customer Portfolio – Various Industries After the first nine months of 2010 the transaction volume* amounted to 9.1 billion euros (+21% yoy) and is allocated as at the end of the 3nd quarter 2010 to the individual target industry segments as follows: * Transaction volume in conne
Slide 11: Stock Performance
Wirecard Stock Stock Performance 12 ISIN DE0007472060 11 WKN 747206 Ticker Symbol WDI 10 Market Segment Prime Standard 9 Index TecDAX Number of Shares 101,803,139 8 7 6 5 Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. 2010 EUR Wirecard AG No-par-value No par value common TecDAX (rebased) bearer sh
Slide 12: Shareholder Structure
Wirecard Stock Shareholder Structure | November 18th, 2010 MB Beteiligungsgesellschaft mbH 7,6% (DE) *Jupiter *J it Asset A t Management M t Limited Li it d 6,26% (UK) *Alken Fund SICAV (vormals Vauban Fund Sicav) 5% (LU) *Artisan Funds 4,97% (US) *92.40% *Wasatch Holdings Inc. 3,1% (US) Free float
Slide 13: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2010 3 Financial Data © 2010 Wirecard AG 13
Slide 14: Growth Drivers: eCommerce
Growth Drivers eCommerce The Internet has become established as a distribution channel worldwide. In 2010,, Europe‘s p B2C-online commerce volume is expected p to reach 150 bn euros. Nearly 2 billion people worldwide with access to the Internet. (Internet WorldStats, June 2010) Year-on-year gr
Slide 15: Key Operative Measures
Wirecard Strategy Key Operative Measures Cross-/ Up-Selling potential in current customer portfolio Up-selling of risk management, banking services and card products Additional revenues from interest income or currency and cash management for merchants N New Customers C t b direct by di sales l
Slide 16: Issuing@wirecard
mywirecard 2go Visa Issuing@wirecard Visa and MasterCard prepaid cards on the rise Giftcard loadable up to 150 euros / Load levels (EUR): 25, 25 50, 50 100, 100 150 Reloadable upon internet registration up to 2500 euros per year Increasing availability at convenience stores and petrol stations
Slide 17: Outlook 2010: Strategy and Objectives
Outlook 2010 Strategy and Objectives Guidance 2010: EBITDA between EUR 72 to 75 mn Strategic Objectives Growth strategy relying on organic growth in our target markets of Europe and Asia. Product P d td development l t measures coordinated di t d in i accordance d with our existing product lines
Slide 18: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2010 3 Financial Data © 2010 Wirecard AG 18
Slide 19: Key Figures 9 months 2009/2010
Financial Data Key Figures 9 months 2009/2010 9 months 9 months In TEUR Change in % 2009 2010 Sales revenues 163 694 163,694 194 704 194,704 +19% EBITDA 43,645 52,704 +21% EBIT 40,688 48,522 +19% Profit after Taxes 33,259 40,548 +22% EPS* 0.33 0.40 +21% Operating Cash flow** 33,888 38,493 +14% Share
Slide 20: Sales, Costs and EBIT Growth 9 months 2009/2010
Financial Data Sales, Costs and EBIT Growth 9 months 2009/2010 250,000 9M 2009 9M 2010 +19% 200,000 194,704 +18% 150,000 163,694 , 142,000 100,000 120,049 +21% 50,000 52,704 , 43 645 43,645 0,000 Sales Cost of materials EBITDA Incr./Decr. of invent. and own work capitalized Personnel expenses Other
Slide 21: Consolidated Income Statement after 9 months 2009/2010
Financial Data Consolidated Income Statement after 9 months 2009/2010 9 months of 9 months of in TEUR 2009 Sales 2010 Sales Sales 163 694 163,694 194 704 194,704 Own work capitalized 3,378 4,157 Cost of materials (91,449) 56% (107,775) 55% Personnel expenses (19,276) 12% (21,265) 11% Depreciation (2
Slide 22: Financial comments
Financial Data Financial comments Income tax expenses after 9 months 2009/2010 Additional to the impact from the actual income tax expenses the income taxes were influenced by the deferred tax expenses: 9 months in % of profit 9 months in % of profit in TEUR 2009 before taxes 2010 before taxes Earni
Slide 23: Companies per operational areas
Financial Data Companies per operational areas Payment Processing & Risk Management (PP&RM) Wirecard AG Wirecard Technologies AG Wirecard (Gibraltar) Ltd. Wirecard Payment Solutions Holdings Ltd. Click2Pay GmbH Wirecard Retail Services GmbH Wirecard Central Eastern Europe GmbH E-Cred
Slide 24: Sales per operating divisions after 9 months 2009/2010
Financial Data Sales per operating divisions after 9 months 2009/2010 300,000 260,718 250,000 209 885 209,885 200,000 194,704 183,467 155,886 163,694 150,000 100 000 100,000 73,831 50,694 50,000 3,305 3,420 0,000 -50,000 (46,191) (66,014) -100,000 Payment Acquiring & Call Center & Sales before Conso
Slide 25: EBITDA per operating divisions after 9 months 2009/2010
Financial Data EBITDA per operating divisions after 9 months 2009/2010 65,000 52,704 52,704 43,645 43,645 40,000 34,589 30,257 17,963 15,000 13,332 56 152 0 0 -10,000 Payment Acquiring & Call Center & EBITDA before Consolidation EBITDA Processing & Issuing Communication Consolidation Risk Services S
Slide 26: Balance Sheet as of Sept. 30, 2010 / June 30, 2010
Financial Data Balance Sheet as of Sept. 30, 2010 / June 30, 2010 EQUITY AND ASSETS 06/30/2010 09/30/2010 06/30/2010 09/30/2010 LIABILITIES NON CURRENT ASSETS NON-CURRENT 235 152 235,152 222 106 222,106 SHAREHOLDERS´ EQUITY SHAREHOLDERS 262 720 262,720 276 365 276,365 - Goodwill 101,340 101,340 LIAB
Slide 27: Disclaimer
Disclaimer This presentation contains explicit and implicit forward-looking statements concerning Wirecard AG, its affiliated companies and their business. These statements are subject to various known and unknown risks, uncertainties and other factors due to which the actual events, financial condi
Slide 28: Contact
Contact Wirecard AG Bretonischer Ring 4 85630 Grasbrunn/Munich Germany IR Contact Iris Stöckl iris.stoeckl@wirecard.com Phone: +49 89 4424 1424