Slide 1: Results for H1 2016/17
Kapsch TrafficCom Results for H1 2016/17. November 17, 2016
Slide 2: Highlights
Highlights. Solid results, revenues up in both segments. Acquired transportation business of Schneider Electric; named Kapsch TrafficCom Transportation (KTT). Acquisition of remaining 48% stake in Czech “Kapsch Telematic Services”. CZ: Contract for nationwide truck toll collection system extended by
Slide 3: Earnings overview
Earnings overview. All figures in EUR mn H1 H1 FY unless otherwise stated +/- 2016/17 2015/16 2015/16 Revenues 311.7 27% 245.0 526.1 EBITDA 37.4 5% 35.7 76.9 EBITDA margin 12.0% (2.6%p) 14.6% 14.6% EBIT 28.7 5% 27.4 62.3 EBIT margin 9.2% (2.0%p) 11.2% 11.9% Profit before tax (PBT) 28.7 16% 24.8 54.8
Slide 4: Earnings: Revenues
Earnings. Revenues. In EUR mn 311.7 350 7% 5% Austria 300 245.0 80 26% 250 16% EMEA (excl. 38 +110% 74% Austria) 200 IMS 28% 84% ETC Americas 150 207 231 100 60% APAC +12% 50 00 H1 2015/16 H1 2016/17 Key developments Revenues by region Revenues by segment First-time consolidation of KTT business. Ch
Slide 5: Earnings: EBIT
Earnings. EBIT. All figures in EUR mn H1 H1 unless otherwise stated +/- 2016/17 2015/16 Revenues 311.7 27% 245.0 Includes EUR 3mn badwill from KTT acquisition and EUR 4.2 mn FX gains. Other operating income 13.9 6.5 Changes in finished and unfinished Additional ~900 KTT employees; now total of 4,836
Slide 6: Earnings: Financial result, taxes, non-controlling interests
Earnings. Financial result, taxes, non-controlling interests. All figures in EUR mn H1 H1 unless otherwise stated +/- 2016/17 2015/16 EBIT 28.7 5% 27.4 Included (non-recurring) EUR 3.4mn gains from the sale of securities. Finance income 4.7 8.0 Interest income EUR 2.0mn Finance costs (4.8) (10.7) FX
Slide 7: Other key financials
Other key financials. Balance sheet total Net investments Free cash flow Net credit/debt and equity ratio The increase in net Free cash flow decreased to Despite Promissory note bond investments to EUR 10.4mn EUR 17.0 million (-44%), • acquisition of KTT, (extension of balance sheet), an was due to
Slide 8: Consolidation of Kapsch TrafficCom Transportation
Consolidation of Kapsch TrafficCom Transportation. Impact on H1 results. Impact on the P&L Impact on the balance sheet* Other Revenues EUR +53.0mn Property, plant & equipment EUR 0.7mn Number of KTC Group employees thereof ETC EUR +11.4mn Intangible assets EUR 5.2mn up by approximately 900. thereof
Slide 9: Acquisition of non-controlling stake
Acquisition of non-controlling stake. Kapsch Telematic Services spol. s.r.o. Kapsch Telematic Services spol. s r.o., Prague, is the company which is responsible for the operations of the nationwide electronic toll collection system in the Czech Republic. KTC held 52% and acquired the remaining 48% i
Slide 10: Promissory note bond
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 11: Outlook
Outlook. Austria: Wait for a decision regarding the installation and technical operation of a nationwide toll collection system for vehicles weighing 3.5 or more tons. Kapsch TrafficCom’s total operations in Austria accounted for approximately 5% of the worldwide revenues in H1 2016/17. Focus on dri
Slide 12: Thank you for your attention
Thank you for your attention. Georg Kapsch Dr. Ulrike Klemm-Pöttinger CEO EVP Finance Kapsch TrafficCom Kapsch TrafficCom Kapsch TrafficCom Kapsch TrafficCom Am Europlatz 2 Am Europlatz 2 1120 Vienna, Austria 1120 Vienna, Austria P: +43 50 811 - 0 P: +43 50 811 2800 E-Mail: georg.kapsch@kapsch.net E
Slide 13: Appendix
kapsch >> challenging limits Appendix.
Slide 14: H1 results: P&L
H1 results. P&L. Nov 17, 2016 | KTC: Results H1 2016/17 www.kapschtraffic.com www.kapsch.net | 14
Slide 15: H1 results: Balance sheet
H1 results. Balance sheet. Nov 17, 2016 | KTC: Results H1 2016/17 www.kapschtraffic.com www.kapsch.net | 15
Slide 16: H1 results: Shareholders' equity
H1 results. Shareholders‘ equity. Nov 17, 2016 | KTC: Results H1 2016/17 www.kapschtraffic.com www.kapsch.net | 16
Slide 17: Cash flow from operating activities
H1 results. Cash flow statement: Cash flow from operating activities. Nov 17, 2016 | KTC: Results H1 2016/17 www.kapschtraffic.com www.kapsch.net | 17
Slide 18: Cash flow statement, cont'd
H1 results. Cash flow statement, cont‘d. Nov 17, 2016 | KTC: Results H1 2016/17 www.kapschtraffic.com www.kapsch.net | 18
Slide 19: 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