Slide 1: TomTom Q1 2012 results
TomTom Q1 2012 results Harold Goddijn – CEO Marina Wyatt – CFO 25 April 2012
Slide 2: Q1 financial summary
Q1 financial summary › Group revenue of €233 million › Consumer and Automotive revenue impacted by weak Southern European economy › Licensing revenue robust and continued growth Business Solutions › Adjusted EPS of €0.04 › Full year guidance maintained 2
Slide 3: Operational developments
Operational developments › Consumer › New product line-up for US market › PNDs launched for Indonesian market › Automotive › Partnership with Renault extended: TomTom to supply R-Link navigation › First traffic deal with OEM (Qoros) for Chinese market › Licensing › Content deals with Samsung and HTC
Slide 4: Revenue analysis
Revenue analysis Q1 2011: €265 million Q1 2012: €233 million Revenue by business unit Revenue by business unit Business Consumer Business Consumer Solutions 59% Solutions 54% 5% 7% Licensing 13% Licensing 14% Automotive Automotive 23% 25% Revenue by segment Revenue by segment Hardware C&S Hardware C
Slide 5: Earnings overview
Earnings overview in € millions Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Gross result 237 141 160 173 166 114 Gross margin 46% 53% 51% 51% 46% 49% Operating expenses 172 123 654 132 156 114 Operating result 65 18 (494) 41 10 0 Operating margin 13% 7% (157%) 12% 3% 0% Interest result (8) (6) (6) (6)
Slide 6: Cash flow
Cash flow in € millions Q4 '10 Q1 '11 Q2 '11 Q3 '11 Q4 '11 Q1 '12 Operating result 65 18 (494) 41 10 (0) Depreciation and amortisation 31 26 28 28 37 28 Impairment charge 0 0 512 0 0 0 Financial (losses) / gains (4) (3) 2 (2) 8 3 Other 4 (0) 2 1 (6) (4) Changes in working capital 48 (36) (74) 8 88 (
Slide 7: Balance sheet
Balance sheet 31 Dec 31 Mar 30 Jun 30 Sep 31 Dec 31 Mar in € millions '10 '11 '11 '11 '11 '12 Goodwill 855 855 382 382 382 382 Other intangible assets 946 938 902 896 872 861 Other non-current assets 69 64 61 57 47 46 Inventories 94 99 102 73 66 55 Receivables, prepayments & derivatives 353 179 251
Slide 8: Redemption profile and cash position
Redemption profile and cash position 250 Cash and cash equivalents Net redemption amount 200 168 (in € millions) 150 110 100 75 75 100 50 0 › €28 million repaid ahead of schedule; leverage ratio 0.9 and interest cover 15 › Current facility until YE ‘12; end of Q2 ‘12 covenants test of a leverage rat
Slide 9: Thank you Any questions?
Thank you Any questions?
Slide 10: Impact of FX rate changes
Impact of FX rate changes Q1 '12 results based on current exchange rates and that of previous quarters compared Q1 '12 Q1 '11 Q4 '11 in € millions rates rates rates Revenue 233 230 230 Cost of sales 119 116 116 Gross margin 49% 50% 50% Gross profit 114 115 114 P&L rates in € US dollar 1.31 1.36 1.36
Slide 11: Outstanding shares
Outstanding shares Common shares outstanding end of Q4 ‘11 221,895,012 Common shares outstanding end of Q1 ‘12 221,895,012 Average shares outstanding in Q1 ‘12 221,895,012 In the money share options as of Q4 ‘11 0 In the money share options as of Q1 ‘12 0 Average potential dilutive share options out
Slide 12: Disclaimer
Disclaimer This Presentation has been produced by TomTom N.V. (the “Company”) and is furnished to you solely for your information. This document contains certain forward-looking statements relating to the business, financial performance and results of the Company and the industry in which it operate