Slide 1: Q1 2019 Results
Q1 2019 RESULTS Harold Goddijn – CEO Taco Titulaer – CFO 17 APRIL 2019
Slide 2: Operational highlights
Operational highlights • First HD map deals announced with leading OEMs • New deals for driver navigation announced with Volkswagen Group, Nissan, FCA and MG • TomTom IQ Maps launched, allowing for seamless over-the-air map updates to in-dash navigation systems • Divestment of Telematics completed o
Slide 3: Financial highlights
Financial highlights • Group Revenue of €170 million (Q1 ‘18: €149 million) • EBITDA of €19 million (Q1 ‘18: €26 million) • Free cash flow of -€20 million (Q1 ‘18: -€7 million1) • Net cash position of €207 million (Q1 ‘18: €129 million) • Deferred revenue position of €291 million (Q1 ‘18: €245 milli
Slide 4: Continued growth in Automotive
Continued growth in Automotive Operational revenue +12% 87 78 22 28 55 10 In € millions 65 50 45 Net increase of deferred and unbilled revenue Reported revenue Q1 '17 Q1 '18 Q1 '19 4 3 / 14
Slide 5: 2019 Outlook
2019 Outlook • Automotive and Enterprise revenue expected to Continuing operations Outlook 2019 Actuals 2018 grow by 15% year on year Revenue €675 million €687 million • Gross margin of at least 70% in the year of which from • Combined OPEX and CAPEX spend expected to €430 million €372 million Locat
Slide 6: Cumulative free cash flows
Cumulative free cash flows Expected positive FCF for the rest of the year 100 80 10% FCF as a % 60 of Revenue 40 20 0 -20 -40 2019E -60 Q1 Q2 Q3 Q4 2018 2017 2017 and 2018 FCF are high level estimates only, which involves use of assumptions on working capital movement and others. 2017 FCF also exclu
Slide 7: Thank you – Any questions?
Thank you – Any questions?
Slide 8: Revenue break-down
Revenue break-down BY SEGMENT BY TYPE Q1 ‘19 Q1 ‘18 Q1 ‘19 Q1 ‘18 30% 39% 35% €170m 46% €149m €170m €149m 54% 61% 65% 70% Location Technology Data, software & services Consumer Hardware 8 / 14
Slide 9: P&L
P&L 1 Earnings per fully diluted share count adjusted for movement of deferred and unbilled revenue, impairments and acquisition related amortization on a post-tax basis. 9 / 14
Slide 10: Balance Sheet
Balance Sheet (Ein thousands) 34-Dect? 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 Assets Goodwill 256,319 «256,115 255,451 «255,858 += 192,294 192,294 Intangible assets 718,397 «705,387 ~=«693,202 «684,229 634,728 © «613,978 Contract related assets 14,638 18,198 20,428 20,896 24,497 27,715 Ot
Slide 11: Cash flow
Cash flow 1 Includes the movement of non-current deferred revenue. 2018 Free cash flows from continuing operations are indicative. 11 / 14
Slide 12: Outstanding shares
Outstanding shares * Shares held in treasury of 3,578,236 are taken into account when calculating the weighted average shares outstanding ** In the money options based on average share price for the period *** Weighted average diluted options based on the period outstanding **** The average share pr
Slide 13: 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 14: TomTom NV contact details
TOMTOM NV DE RUIJTERKADE 154 1011 AC AMSTERDAM THE NETHERLANDS @: IR@TOMTOM.COM T: +31 20 757 5194 WWW.TOMTOM.COM/INVESTORS