Slide 1: Investor Presentation
Kapsch TrafficCom Investor Presentation. May 2017.
Slide 2: Kapsch: Leading entity of the Kapsch Group
Kapsch. KTC: Leading entity of the Kapsch Group. Kapsch founded in Vienna in 1892 Electronic industry Strong brand in Austria Three key entities ▪ Kapsch TrafficCom - KTC (Intelligent Transportation Systems) ▪ Kapsch BusinessCom (ICT solutions for enterprises) KTC: Tradition meets Future. ▪ Kapsch C
Slide 3: Kapsch TrafficCom at a glance
Kapsch TrafficCom. At a glance. Provider of Intelligent Solid financials Transportation Systems ❖ Revenues >EUR 500mn ❖ Tolling ❖ Sustainable dividend policy: (Electronic Toll Collection – ETC) Base dividend of EUR 1,-- ❖ Mobility (Intelligent Mobility Solutions – IMS) Global player Listed at Vienna
Slide 4: Strategy: Addressing future-defining trends
Strategy. Addressing future-defining trends. Urbanization Convergence Connected cars Ecological footprint Infrastructure funding New business models Industry consolidation Trends Convenience Lower barriers to market entry Price erosion Alternative technologies Increased profitability as Implementati
Slide 5: Strategy: Our priorities
Strategy. Our priorities. Existing customers New customers New solutions New solutions, business models and competences Intelligent Mobility Solutions Grow the Existing solutions (ETC, ATMS) core business Secure the core business Extend and renew long-term contracts. Broaden offering. Build up solut
Slide 6: Business model: One-stop-shop
Business model. One-stop-shop. Components Design & Build Operations Toll Stations, Consulting In-Vehicle Components Vehicle Detection and Classification Subsystems Integration Integration Enforcement Stations Turnkey Systems Technical Operations Roadside Back Office Commercial Operations End-to-End
Slide 7: Portfolio: Integrated mobility solutions provider
Portfolio. Integrated mobility solutions provider ETC IMS Tolling Solutions Tolling Services Highway City ElectronicToll Collection Traffic Management Traffic Management Mulit-Lane Free Flow, Tolled Lanes, Trans-European Tolling Services Highway TM, Urban TM, Corridor Management, Mobile, eVignette M
Slide 8: Mobility: Intelligent Mobility Solutions from highways to cities
Mobility. Intelligent Mobility Solutions (IMS): From highways to cities. URBAN TRAFFIC CORRIDOR MANAGEMENT MANAGEMENT CONGESTION SAFETY & CHARGING SECURITY TRAFFIC LIGHT CONTROL PARKING PUBLIC TRANSPORT BRIDGE URBAN P TUNNEL ACCESS HIGHWAY/ HIGHWAY/ MANAGED LANES ALERT $ MANAGED LANES CONNECTED VEHI
Slide 9: Financials: Earnings overview
Financials. Earnings overview. All figures in EUR mn Q1-Q3 Q1-Q3 FY Revenues by Region Q1-Q3 2016/17 unless otherwise stated 2016/17 +/- 2015/16 2015/16 Revenues 483.8 28% 379.2 526.1 27% EMEA EBITDA 56.1 1% 55.4 76.9 Americas 66% EBITDA margin 11.6% -3%p 14.6% 14.6% APAC 7% EBIT 43.0 -1% 43.3 62.3
Slide 10: Other key financials
Other key financials. Balance sheet total Net investments Free cash flow Net credit/debt and equity ratio 16 100 40 750 14 14,5 90,7 80 33,8 600 628,2 12 30 74,8 10 60 450 513,7 497,7 EUR mn EUR mn EUR mn EUR mn 24,5 8 20 6 7,2 40 17,6 300 45% 38,7 45% 4 5,1 10 34% 20 150 2 0 00 00 00 FY Q1-Q3 Q1-Q3
Slide 11: Segment results: ETC
Segment results. ETC. ETC Overview All figures in EUR mn Q1-Q3 Q1-Q3 FY ETC revenues Q1-Q3 2016/17 unless otherwise stated 2016/17 +/- 2015/16 2015/16 Revenues 358.9 13% 316.6 442.1 8% EBIT 54.8 18% 46.4 63.7 EBIT margin 15.3% 1%p 14.7% 14.4% 24% ETC Revenue Split 68% All figures in EUR mn Q1-Q3 Q1-
Slide 12: Segment results: IMS
Segment results. IMS. IMS Overview All figures in EUR mn Q1-Q3 Q1-Q3 FY IMS revenues Q1-Q3 2016/17 unless otherwise stated 2016/17 +/- 2015/16 2015/16 Revenues 125.0 99% 62.7 84.0 3% EBIT -11.8 -281% -3.1 -1.3 EBIT margin -9.5% -5%p -5.0% -1.6% 37% IMS Revenue Split 60% All figures in EUR mn Q1-Q3 Q
Slide 13: Outlook: FY 2016/17
Outlook. FY 2016/17. Focus on driving forward the integration of KTT. ▪ Minimizing costs and realizing synergies as quickly as possible. ▪ Helping the ~900 new employees to become acquainted with and a part of the corporate culture of the Kapsch TrafficCom Group. Annual revenues should grow by more
Slide 14: Outlook: Beyond FY 2016/17
Outlook. Beyond FY 2016/17. ETC Limited number of potential new nation-wide tolling contracts BUT larger number of smaller contracts. Margins of large projects could erode after new tenders of existing contracts. tolltickets: high revenues (Q1-Q3 2016/17: EUR 13mn) and low margin – dilution of Group
Slide 15: USP: What makes Kapsch TrafficCom unique?
USP. What makes Kapsch TrafficCom unique? Ability to develop tailored solutions – proven track record. Close to our customers. Domain know-how. Integrated, one-stop-shop. Global player. ▪ Best practice ▪ Risk diversification A leading position in our core business. Size and financial stability. List
Slide 16: Kapsch TrafficCom share
Kapsch TrafficCom share. ISIN: AT000KAPSCH9 Stock Ticker Symbol: KTCG Reuters: KTCG.VI Bloomberg: KTCG AV Shareholder Structure Institutional Investors by Region Bank of New York Mellon/ Shareholder Value Management 04.0% Other 8.2% 13.9% UK & Ireland 22.4% Austria Institutional Kapsch-Group Free fl
Slide 17: Disclaimer
Disclaimer. This presentation is made by Kapsch TrafficCom AG (“Kapsch TrafficCom”) solely for use at this Given these risks, uncertainties and other factors, recipients of this document are cautioned not presentation. It is furnished to you solely for your information and its content may not be cop
Slide 18: Thank you for your attention
Thank you for your attention. Hans Lang Investor Relations Officer Kapsch TrafficCom Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria Phone: +43 50 811 1122 E-Mail: hans.lang@kapsch.net www.kapsch.net Please Note: The content of this presentation is the intellectual property of Kapsch AG and
Slide 19: Appendix
Kapsch > challenging limits Appendix.
Slide 20: Competition: Overview
Competition. Overview. Tolling Traffic Management Smart Urban Mobility Safety & Security Connected Cars ETC Highway Smart Parking Road Safety Enforcement V2X Automotive T-Systems | Autostrade Delcan | Q-Free | SwRI IPS Group | Worldsensing Redflex | Jenoptik | Sensys Delphi | Denso | Continental Q-F
Slide 21: Consolidation of Kapsch TrafficCom Transportation
Consolidation of Kapsch TrafficCom Transportation. Impact on Q1-Q3 results. Impact on the P&L Impact on the balance sheet* Other Revenues EUR +80.7mn Property, plant & equipment EUR 0.7mn Number of KTC Group employees thereof ETC EUR +17.8mn Intangible assets EUR 5.2mn up by approximately 900. there
Slide 22: Promissory note bond: Successful issue
Promissory note bond. Successful Issue. 2016 2021 Corner Stones of the Transaction Issue EUR 26mn EUR 62.0mn 1.22% p.a Volume: EUR 62mn + USD 14.5mn USD 14.5mn EUR 4.5mn 6M EURIBOR + 120bps 3 tenors (5/7/10 years) USD 14.5mn Partially fixed interest, partially variable 3M LIBOR + 170bps Rationale: ▪
Slide 23: Corporate milestones
Corporate milestones. 125 years in the ever-changing electronic industry. 1892 1991 2002 2007 2011 2016 Kapsch founded Toll collection division Activities structured in IPO of Capital Acquisition of KTT within Kapsch AG three autonomous Kapsch TrafficCom increase (Schneider Electric organizations: T
Slide 24: References in more than 50 countries
References in more than 50 countries. EMEA Total Q1-Q3 % EUR mn 2016/17 of total Global Total Q1-Q3 % Revenues 319.1 66% (EUR mn) 2016/17 of total thereof ETC 244.4 51% Revenues 483.8 thereof IMS 74.7 15% thereof ETC 358.9 74% thereof IMS 125.0 26% APAC Total Q1-Q3 % EUR mn 2016/17 of total Revenues
Slide 25: We make mobility solutions intelligent
We make mobility solutions intelligent to . enable users to arrive at their destination ❖ comfortably, ❖ on time, ❖ safely, ❖ efficiently, and ❖ with minimal environmental impact.