Tomtom Nv · EURONEXT:TOM2
Tomtom Nv — Q4 2020 Earnings Presentation
16 slides from Tomtom Nv's earnings presentation, Feb 4, 2021
Slide 1: Q4 and FY 2020 Results
Q4 AND FY 2020 RESULTS Harold Goddijn – CEO Taco Titulaer – CFO 4 FEBRUARY 2021
Slide 2: Operational highlights
Operational highlights • Automotive backlog of €1.8 billion • A contract extension to provide maps and traffic to Precisely • A new multi-year agreement to provide Maps APIs to Targa Telematics • A contract extension to provide full-stack navigation to Mitsubishi in selected car models • The launch
Slide 3: Strategic priorities
2020 2021 Improve Uber and Verizon using our Maps Target Enterprise applications, APIs and SDKs including fleet logistics and on- location platform demand services 2020 2021 Accelerate Closed new Automotive deals Faster software update cycles, ease online for online navigation of integration, and fl
Slide 4: Financial highlights
Financial highlights • Group revenue of €125m (Q4 '19: €156m) • Location Technology revenue of €101m (Q4 '19: €110m) • Automotive operational revenue of €90m (Q4 '19: €116m) • Free cash flow of €34m (Q4 '19: €48m) • Net cash of €372m (Q4 '19: €437m) • Resume share buyback 4
Slide 5: Automotive backlog
Automotive backlog Estimated IFRS Automotive backlog in € million, phasing of revenues in % • Automotive backlog is defined as the cumulative 1,800 expected IFRS revenue from all awarded Automotive deals • Automotive awards do not provide minimum volume or purchase requirements. Volumes are based on
Slide 6: Outlook 2021
Outlook 2021 in € million Outlook 2021 Actuals 2020 Group revenue 520 – 570 528 Location Technology revenue 420 – 450 392 FCF as % of Group revenue Around 6% -5% 2021 outlook based on: • Expectation that car production volumes in 2021 will not reach 2019 levels • USD FX rate of 1.20 6
Slide 7: R&D cash spend
R&D cash spend Continued investment in our mapping and application platforms Total cash spend R&D cash spend R&D cash spend break-down Today Trend 505 A Geographical data 65% 459 • Sourcing 25% 347 318 • Processing 25% • Engineering 50% B Application layer 35% 2019 2020 2021e 2019 2020 2021e Cash sp
Slide 8: Mid-term outlook
Mid-term outlook Location Technology revenue • Our mid-term outlook for Location Technology revenue in € millions is to grow to €550 million in 2023. Growth expected from new Enterprise opportunities, and increased take-rates in Automotive +12% 550 • Our mid-term outlook for TomTom’s total free cash
Slide 9: Thank you – Any questions?
Thank you - ee... IS Any questions? LL) SS
Slide 10: Revenue breakdown
Revenue breakdown BY SEGMENT BY TYPE FY ‘20 FY ‘19 FY ‘20 FY ‘19 17% 26% 31% 39% €528m €701m €528m €701m 61% 74% 69% 83% Location Technology Software & content Consumer Hardware 10
Slide 11: P&L
P&L (€ in thousands) Q3 '19 Q4 '19 Q1 '20 Q2 '20 Q3 '20 Q4 '20 FY '20 FY '19 REVENUE 164,206 156,223 131,197 123,703 147,851 125,434 528,185 700,759 Automotive 55,404 69,190 49,788 51,588 65,945 59,843 227,164 265,665 Enterprise 41,141 41,187 41,481 42,211 39,654 41,651 164,997 160,317 Consumer 67,6
Slide 12: Balance Sheet
Balance Sheet (€ in thousands) 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 ASSETS Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 444,646 380,160 312,168 247,122 181,458 117,475 Other contract related assets 23,679 23,923 26,519 29,885 25,864 26,080 Other n
Slide 13: Cash flow
Cash flow (€ in thousands) Q3 '19 Q4 '19 Q1 '20 Q2 '20 Q3 '20 Q4 '20 FY '20 FY '19 Operating result -57,085 -77,721 -77,747 -64,198 -67,610 -78,155 -287,710 -211,941 Financial gains/(losses) 1,424 -1,098 145 -1,059 -2,249 -1,724 -4,887 -319 Depreciation and amortisation 72,939 73,133 72,305 71,511 7
Slide 14: Outstanding shares
Outstanding shares Q4 '20 YTD '20 Common shares outstanding at the end of the period 132,366,672 132,366,672 Shares in issue at the beginning of the period 130,223,136 131,541,998 Shares in issue at the end of the period 130,262,819 130,262,819 Average shares in issue during the period 1 130,236,659
Slide 15: 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 16: TomTom NV contact details
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands ir@tomtom.com +31 20 757 5194 www.tomtom.com/investors 16