Tomtom Nv · EURONEXT:TOM2
Tomtom Nv — Q3 2023 Earnings Presentation
20 slides from Tomtom Nv's earnings presentation, Oct 13, 2023
Slide 1: Q3 2023 Results
Q3 2023 Results Alain De Taeye – Board Member Taco Titulaer – CFO 13 October 2023
Slide 2: A new approach to mapmaking
A new approach to mapmaking
Slide 3: Insatiable market demand
A vast and growing number of applications is empowered by location technology Insatiable Location technology use cases market are becoming more and more advanced demand The demand and requirements for location data are continuously increasing 3 © 2023 TomTom
Slide 4: Bringing location data together
Bringing location data together There is a large volume of location data produced in every instance, by phones, cars, and mapping communities such as OpenStreetMap Bringing all this data together is hard, as it is mostly non-standardized, and available maps are proprietary Standardization presents a
Slide 5: A new approach to mapmaking
A new approach to mapmaking Standardization Flexibility Interoperability We are promoting a standard Our mapmaking platform is We aim to provide a canvas for specification for the map that inherently compatible with customers and partners to brings uniformity and the emerging standard, and build on
Slide 6: What we are building
First open dataset released by the Overture Maps Foundation What All relevant data, including data we are from Overture and OSM, is flexibly integrated by our platform building We are able to produce maps that are vastly improved 6 © 2023 TomTom
Slide 7: Windsor, UK
Windsor, UK Current map New map 7 © 2023 TomTom © TomTom / © OpenStreetMap
Slide 8: Houston, TX, USA
Houston, TX, USA Current map New map 8 © 2023 TomTom © TomTom / © OpenStreetMap
Slide 9: Where we are now
Where we are now Launch of our new maps Meaningful results Continued improvements We launched our new and Maps support new use cases, We will further improve the improved maps of most of boost operational efficiency, maps, and aim to significantly North America and Europe and provide possibilities f
Slide 10: At the forefront of an industry shift
Standardization provides a scalable way to collect and manage location data At the forefront We are able to create greatly of an improved maps and give others the ability to add data to the map industry shift This new approach to mapmaking leads to greater value creation and drives business growth 1
Slide 11: Financial highlights for the quarter
Financial highlights for the quarter • Group revenue of €144m (up from €136m in Q3 ’22) • Location Technology revenue of €119m (up from €108m in Q3 ’22) • Automotive operational revenue of €85m (up from €75m in Q3 ’22) • Free cash flow1 of €13m (improved from €8m in Q3 ’22) • Net cash of €325m (up f
Slide 12: Outlook 2023
Outlook 2023 Outlook Actual in € million 2023 2022 Group revenue 570 - 600 536 Location Technology revenue 480 - 505 436 FCF1 as % of Group revenue Around +5% -5% 1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022 12 © 2023 TomTom
Slide 13: Thank you. Any questions?
Thank you Any questions? 13 © 2023 TomTom
Slide 14: Revenue breakdown
Revenue breakdown By segment By type YTD ’23 YTD ’22 YTD ’23 YTD ’22 17% 20% 12% 14% €441m €397m €441m €397m 83% 80% 88% 86% Location Technology Software & content Consumer Hardware 14 © 2023 TomTom
Slide 15: Balance sheet
Balance sheet (€ in thousands) 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 58,010 50,147 42,917 36,534 30,427 25,170 Other contract related assets 28,634 28,329 30,627 32,806 34,632 33,478 Lease assets, PP&E a
Slide 16: P&L
P&L (€ in thousands) Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 YTD '23 YTD '22 Automotive 59,951 62,446 77,070 81,120 90,898 82,476 254,494 182,908 Enterprise 45,344 45,894 40,453 36,905 37,296 36,760 110,961 135,951 Location Technology 105,295 108,340 117,523 118,025 128,194 119,236 365,455 318,858
Slide 17: Cash flow
Cash flow (€ in thousands) Q2 '22 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 YTD '23 YTD '22 Operating result -55,466 -17,785 -4,529 2,647 -3,557 -8,738 -9,648 -93,084 Foreign exchange adjustments 4,574 4,340 -3,933 38 -1,027 1,118 129 10,306 Depreciation and amortization 14,369 13,720 13,339 12,508 11,180
Slide 18: Outstanding shares
Outstanding shares Q3 '23 YTD '23 Common shares outstanding at the end of the period 132,366,672 132,366,672 Shares in issue at the beginning of the period 129,207,917 128,392,291 Shares in issue at the end of the period 129,363,391 129,363,391 Average shares in issue during the period1 129,330,910
Slide 19: 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 20: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands 20 © 2023 TomTom