Slide 1: Q2 2023 Results
Q2 2023 Results Harold Goddijn – CEO Taco Titulaer – CFO 17 July 2023
Slide 2: Operational highlights for the quarter
Operational highlights for the quarter • Good performance of our Location Technology business, showing continuing momentum and growth • A deepening of our relationship with Alteryx, with the company now integrating TomTom location data and Maps APIs into its new cloud- based analytics solution • Pro
Slide 3: Financial highlights for the quarter
Financial highlights for the quarter • Group revenue of €157m (up from €133m in Q2 ’22) • Location Technology revenue of €128m (up from €105m in Q2 ’22) • Automotive operational revenue of €90m (up from €71m in Q2 ’22) • Free cash flow1 of €3m (improved from €0m in Q2 ’22) • Net cash of €316m (up fr
Slide 4: Outlook 2023
Outlook 2023 Updated Previous Outlook Outlook Actual in € million 2023 2023 2022 Group 570 - 600 540 - 580 536 revenue Location Technology 480 - 505 455 - 485 436 revenue FCF1 as % of Around +5% 0% - +5% -5% Group revenue 1 Free cash flow excludes restructuring charges related to the Maps realignmen
Slide 5: Thank you Any questions?
Thank you Any questions? 5 © 2023 TomTom
Slide 6: Revenue breakdown
Revenue breakdown By segment By type YTD ’23 YTD ’22 YTD ’23 YTD ’22 17% 19% 12% 14% €297m €261m €297m €261m 83% 81% 88% 86% Location Technology Software & content Consumer Hardware 6 © 2023 TomTom
Slide 7: Balance sheet
Balance sheet (€ in thousands) 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 66,521 58,010 50,147 42,917 36,534 30,427 Other contract related assets 25,782 28,634 28,329 30,627 32,806 34,632 Lease assets, PP&E a
Slide 8: P&L
P&L (€ in thousands) Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 H1'23 H1'22 Automotive 60,511 59,951 62,446 77,070 81,120 90,898 172,018 120,462 Enterprise 44,733 45,344 45,894 40,453 36,905 37,296 74,201 90,077 Location Technology 105,244 105,295 108,340 117,523 118,025 128,194 246,219 210,539 Consumer 23
Slide 9: Cash flow
Cash flow (€ in thousands) Qt '22 Q2'22 Q3'22 Q4'22 Qt '23 Q2'23 H1'23 Operating result -19,833 55,466 “17,785 ~4,529 2,647 -3,557 -910 Foreign exchange adjustments 1,392 4,574 4,340 3,933 38 1,027 -989 Depreciation and amortization 15,244 14,369 13,720 13,339 12,508 11,180 23,688 Change in provisio
Slide 10: Outstanding shares
Outstanding shares 1 Shares held in treasury of 3,158,755 are taken into account when calculating the weighted average shares outstanding. 2 Weighted average diluted options based on the period outstanding. 3 The average share price for the quarter was €7.36. 10 © 2023 TomTom
Slide 11: 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 12: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands 12 © 2023 TomTom