Slide 1: Q4 and FY 2017 Results
Q4 AND FY 2017 Harold Goddijn – CEO RESULTS Taco Titulaer – CFO 6 February 2018
Slide 2: Operational Highlights
• Another record year in Automotive order intake, exceeding €400 million booked in 2017 • Combined revenue of Automotive, Enterprise and Telematics up by 16% YoY in 2017 OPERATIONAL • HD Map & AutoStream to power Baidu's open autonomous HIGHLIGHTS driving platform, Apollo • Online APIs integrated in
Slide 3: Strategic Priorities
Connected cars STRATEGIC Online APIs PRIORITIES Fleet management services Q4 AND FY 2017 RESULTS 3 / 18
Slide 4: Financial Highlights FY 2017
• Revenue of €903 million (2016: €987 million) • Gross margin of 62% (2016: 57%) FINANCIAL • EBITDA of €141 million (2016: €141 million) HIGHLIGHTS • Adjusted EPS of €0.26 (2016: €0.23) FY 2017 • Cash flow before financing of €28 million (2016: €25 million) • Net cash position of €121 million (YE ‘
Slide 5: Automotive Order Intake
AUTOMOTIVE ORDER INTAKE vs revenue recognised and deferred revenue (in millions) € 500 400 € 400 300 300 € 300 220 55 € 200 36 € 100 7 10 191 109 133 106 €0 2014 2015 2016 2017 Revenue recognised Revenue deferred (net) Order intake Q4 AND FY 2017 RESULTS 5 / 18
Slide 6: Operating Cash Flows
OPERATING CASH FLOWS (in millions) € 200 173 144 119 119 € 100 €0 2014 2015 2016 2017 Q4 AND FY 2017 RESULTS 6 / 18
Slide 7: P&L impact IFRS 15 & 16
▪ Revenue o Automotive – increase due to map revenues and NREs o Consumer – decrease due to co-op advertising P&L impact ▪ Cost of sales – NRE recognised at start of production IFRS 15 & 16 ▪ OPEX o Consumer – decrease due to co-op advertising o Leases – shift from general expenses to D&A Q4 AND FY
Slide 8: Balance sheet impact IFRS 15 & 16
▪ Non-current assets o Release of customer specific assets (NRE) o Increase of lease assets Balance sheet impact ▪ Non-current borrowings – increase lease commitments IFRS 15 & 16 ▪ Deferred revenue o Telematics increase related to TCU recognition o Automotive decrease due to NRE Q4 AND FY 2017 RESU
Slide 9: 2017 Adjusted EPS Calculation
2017 ADJUSTED EPS CALCULATION in € million Old definition New definition Accounting standard IFRS 15 and 16 IFRS 15 and 16 Net result1 -194.0 -194.0 Consumer goodwill impairment charge 168.7 168.7 Other one-offs 60.5 60.5 Acquisition-related expenses 60.9 - Deferred/unbilled revenue and CoS movement
Slide 10: Full Year Outlook 2018
FULL YEAR OUTLOOK 2018 Outlook 2018 Restated 2017 Revenue ~ €800 million €903 million Gross margin (%) close to 70% 63% Adjusted EPS1 ~ €0.25 €0.18 OPEX & CAPEX2 ~ €700 million €721 million Forward-looking statements (and restated comparable 2017 figures) are provided using IFRS 15 and IFRS 16 accou
Slide 11: Thank You, Any questions?
THANK YOU Any questions? Q4 AND FY 2017 RESULTS 11 / 18
Slide 12: Revenue Breakdown
REVENUE BREAKDOWN BY SEGMENT (€M) BY TYPE (€M) 903 987 903 987 Q4 AND FY 2017 RESULTS 12 / 18
Slide 13: IFRS 15 & IFRS 16
IFRS 15 & IFRS 16 The new accounting policies are subject to change until the group presents its first financial statements that include the date of initial application and, therefore, the actual impact of adopting the new standards at 1 January 2018 may change. 1 In 2017, no additional shares from
Slide 14: P&L Statistics
P&L STATISTICS 1 Earnings per fully diluted share count adjusted for acquisition-related expenses & gains, impairments and material restructuring and disposal costs on a post-tax basis. Q4 AND FY 2017 RESULTS 14 / 18
Slide 15: Balance Sheet Statistics
BALANCE SHEET STATISTICS Q4 AND FY 2017 RESULTS 15 / 18
Slide 16: Cash Flow Statistics
CASH FLOW STATISTICS 1 Includes the movement of non-current deferred revenue Q4 AND FY 2017 RESULTS 16 / 18
Slide 17: Outstanding Shares and Adjusted EPS
OUTSTANDING SHARES AND ADJUSTED EPS at 31 December 2017 Q4 AND FY 2017 RESULTS 17 / 18
Slide 18: 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 19: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands @: ir@tomtom.com T: +31 20 757 5194 www.tomtom.com/investors