Slide 1: Investor Presentation December 2020
Challenging the Kapsch TrafficCom limits of mobility Investor Presentation. for a healthy world December 2020. without congestion.
Slide 2: Disclaimer
Disclaimer. This presentation is made by Kapsch TrafficCom AG (“Kapsch TrafficCom”) solely for use at this presentation. It is furnished to you solely for your information and its content may not be copied, distributed, disclosed or otherwise be made available, directly or indirectly, to any other p
Slide 3: Kapsch TrafficCom. At a glance.
Kapsch TrafficCom. At a glance. Provider of Intelligent Financial parameters Transportation Solutions ▪ Revenues: ~ EUR 730 mn ▪ Tolling ▪ Employees: ~5,000 (Electronic Toll Collection – ETC) ▪ Presence: >30 countries ▪ Mobility (Intelligent Mobility Solutions – ▪ References: >50 countries IMS) Fina
Slide 4: Relevant mega trends & drivers for the ITS industry
Relevant mega trends & drivers for the ITS industry... ... and how Kapsch TrafficCom addresses them. Financing transportation networks. Urbanization. Kapsch TrafficCom’s approach. USD 900 billion* p.a. must be invested in road infrastructure Share of people living in cities: Urban population: Help d
Slide 5: Business model. Overview.
Business model. Overview. Cover the customers’ entire value chain as a one-stop-shop. High degree of flexibility when responding to customer needs: From components, to building complete turnkey systems, to operating them. Components Implementation Operations Operations. Tolling services Develop, pro
Slide 6: System integrator with in-house production of hardware and software
Business model. System integrator with in-house production of hardware and software. Key components and systems (hardware and software) are developed and produced in-house. Hardware Software In-vehicle products. Commercial back office (tolling) On-board units, transponders Traffic management (DYNAC®
Slide 7: Business model. Customers and competition.
Business model. Customers and competition. Customers. Public agencies Municipalities Private concessionaires Public-private partnerships Consumers (mainly USA) Competition. Fragmented market ▪ Regionally ▪ Depending on solution/application ▪ Technologically Most competitors are (a rather small) part
Slide 8: Reporting segments
Reporting segments. ELECTRONIC TOLL COLLECTION (ETC) INTELLIGENT MOBILITY SOLUTIONS (IMS) ▪ Pioneer and technology leader in electronic toll collection. ▪ Broad set of solutions and services addressing different aspects ▪ Unique experience in nation-wide tolling systems. of traffic and mobility. ▪ E
Slide 9: USP. What makes Kapsch TrafficCom unique?
USP. What makes Kapsch TrafficCom unique? Ability to develop tailored solutions – proven track record More than 125 years in the technology industry Close to our customers Deep and comprehensive domain know-how Broad variety of technologies, prime quality Integrated, one-stop-shop Only real global p
Slide 10: Financial results. H1 2020/21.
Financial results. H1 2020/21.
Slide 11: H1 2020/21 Highlights
H1 2020/21. Highlights. Strong decline in revenues ▪ Major projects in Germany, Czech Republic and Bulgaria totaling EUR 64 million ended and could not be compensated by new business ▪ COVID-19: Delay of tenders and contract awards as well as reduced OBU sales. EBIT significantly negative ▪ Higher t
Slide 12: Special effects on EBIT in H1 2020/21
Special effects on EBIT in H1 2020/21. Adjustments of project margins and provisions for onerous contracts EUR -32 million Due to a few projects, especially in North America, adjustments in project margins and set up of provisions for onerous contracts were necessary. Goodwill impairment EUR -21 mil
Slide 13: H1 2020/21. Other key financials.
H1 2020/21. Other key financials. Balance sheet total Net CAPEX Free cash flow Net debt and equity ratio 12 11.4 10 800 705.4 727.2 2.4 0 700 629.8 10 0 -50 600 8 in EUR mn in EUR mn in EUR mn in EUR mn -10 500 5.9 -100 6 400 34% -20 -17.8 -150 300 4 25% -169.0 200 21% -30 -200 -175.7 2 1.4 -30.0 10
Slide 14: H1 2020/21. Segment results
H1 2020/21. Segment results. ELECTRONIC TOLL COLLECTION (ETC) INTELLIGENT MOBILITY SOLUTIONS (IMS) All figures in EUR mn H1 H1 All figures in EUR mn H1 H1 unless otherw ise stated 2019/20 2019/20 2020/21 +/- unless otherw ise stated 2019/20 2019/20 2020/21 +/- Revenues 563.5 281.2 190.6 -32% Revenue
Slide 15: Outlook FY 2020/21
Outlook. FY 2020/21. ▪ Revenues: down by about 25% to about EUR 550 million ▪ EBIT: Negative high two-digit million value ▪ No dividend for FY 2020/21 Dec 2020 | Investor Presentation www.kapschtraffic.com | 15
Slide 16: Kapsch TrafficCom share
Kapsch TrafficCom share. Shareholder structure Institutional investors by region Research coverage* Erste Group Accumulate EUR 23.00 Kepler Cheuvreux Hold EUR 14.00 ODDO Seydler Bank/FMR Hold EUR 12.00 Source: Shareholder survey from March 2020 Raiffeisen Centrobank Hold EUR 12.50 * As per December
Slide 17: Share price development (last 12 months)
Share price development (last 12 months). Kapsch TrafficCom and ATX Prime. Claims against New project: Tender, which Federal Republic of Long-term tolling saw KTC as best Germany quantified contract in USA bidder, terminated 120 100 Profit warning: Revised outlook, no dividend for 2020/21 82 80 60 9
Slide 18: Thank you for your attention
Thank you for your attention. Kapsch TrafficCom Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria P: +43 50 811 - 0 IR.kapschtraffic@kapsch.net www.kapschtraffic.com/IR Please Note: The content of this presentation is the intellectual property of Kapsch TrafficCom AG and all rights are reserv
Slide 19: Appendix. References and recent major projects.
Appendix. References and recent major projects.
Slide 20: References in more than 50 countries
References in more than 50 countries. EMEA All figures in EUR mn % of total unless otherwise stated 2019/20 Global Revenues 403.5 55% All figures in EUR mn % thereof ETC 315.0 43% unless otherwise stated 2019/20 of total thereof IMS 88.5 12% Revenues 731.2 thereof ETC 563.5 77% thereof IMS 167.7 23%
Slide 21: Major project: Tolling in Belle Chasse (Louisiana, USA)
Overview: Major project. Tolling in Belle Chasse (Louisiana, USA). About the project Belle Chasse Belle Chasse is part of the Greater New Orleans Implementation of an electronic toll collection system on a newly built Metropolitan area. The population is about 13,000. bridge followed by commercial a
Slide 22: Major project: Tolling in Maryland (USA)
Overview: Major project. Tolling in Maryland (USA). About the project Maryland Capital: Annapolis Contract to replace and maintain all roadside tolling equipment in the Currency: US dollar (USD) mixed-mode, cash, and express toll lanes under management of the Population: 6.1 million Maryland Transpo
Slide 23: Major project: Port Authority of New York and New Jersey
Overview: Major project. Port Authority of New York and New Jersey (USA). About the projects Port Authority of New York and New Jersey 1. Tolling (2016) Interstate agency Established 1921 Replace the toll collection system at all bridges and tunnels and Financially self-supporting public agency ongo
Slide 24: Appendix. Miscellaneous.
Kapsch > challenging limits Appendix. Miscellaneous.
Slide 25: Dividends
Dividends. Dividend policy* At least the higher of 1/3 of the earnings per share (EPS) and EUR 1. Depending on economic development, the market environment and capital needs for upcoming projects, the dividend payment can be higher or lower. ... ... However, within a reference period of 3 years, the
Slide 26: Promissory note bond & long-term bank loan
Promissory note bond & long-term bank loan. 2016 2021 Corner stones of the promissory note bond Promissory note bond PNB: EUR -26mn (PNB) Issued 2016 PNB: EUR -4.5mn EUR 62.0mn PNB: USD -14.5mn Volume: EUR 62mn + USD 14.5mn USD 14.5mn 3 tenors (5/7/10 years) Partially fixed interest, partially varia
Slide 27: Overview of Kapsch TrafficCom's offices
Overview of Kapsch TrafficCom‘s offices. As of March 31, 2020. Czech Republic 1 Austria 8 Sweden 3 Canada 1 Germany 3 Russia 1 Lithuania 1 Netherlands 1 Poland 1 USA 29 Kazakhstan 1 UK 1 Belarus 1 France 1 Slovenia 1 Spain 19 Italy 1 Bulgaria 1 Mexico 3 Saudi Arabia 3 Puerto Rico 1 UAE 1 Panama 1 Br
Slide 28: The emergence of Kapsch TrafficCom
The emergence of Kapsch TrafficCom. More than 125 years in the ever-changing electronic industry. 1892 Morse telegraph devices 1995 2002 2007 Telephones (fixed and mobile) Kapsch founded Capacitors and dry batteries Contract for the realization of Kapsch Aktiengesellschaft IPO of Kapsch TrafficCom R
Slide 29: We make traffic solutions intelligent
We. make traffic solutions intelligent. Why is this so important to us? ❖ Because we want you to reach your destination quickly, comfortably, and safely. ❖ Because we want to enable our customers to provide the very best service at a low cost. ❖ Because we want to protect the environment.