Slide 1: TomTom Q3 2014 results
TomTom Q3 2014 results Harold Goddijn – CEO Marina Wyatt – CFO 29 October 2014
Slide 2: Consumer: Operational highlights Q3 2014
Consumer Operational highlights Q3 2014 • Lower rates of decline in the PND markets • Awareness of Cardio GPS watch strengthened with a successful international marketing campaign • Expansion of sports distribution network on track • New GPS watch - TomTom Golfer - launched Strategy • Maximise value
Slide 3: Automotive & Licensing: Operational highlights Q3 2014
Automotive & Licensing Operational highlights Q3 2014 • Bookings year to date above €170 million, to support growth from 2016 onwards • HAD partnership with Volkswagen Research • ADAS partnership with Bosch • Online turn-by-turn navigation product launched • Traffic services extended with real-time
Slide 4: TomTom map-making platform
TomTom map-making platform Multinet-R map format • Our transactional map production technology seamlessly integrates each step of the map-making closed loop process (from change detection to publication to our customers) • This enables our maps to be published incrementally with high quality and at
Slide 5: Telematics: Operational highlights Q3 2014
Telematics Operational highlights Q3 2014 414 (x 1,000) 400 • Telematics installed base increased to 414k, 310 300 a 34% YoY growth 223 200 161 • Integration of Coordina and DAMS Tracking 100 104 122 according to plan 0 • PRO 8 series driver terminals introduced, connected to WEBFLEET and fully cust
Slide 6: Financial highlights Q3 2014
Financial highlights Q3 2014 • Group revenue of €235 million (Q3 '13: €244 million) • Gross margin of 57% (Q3 '13: 56%) • OPEX of €125 million (Q3 '13: €124 million) • EBIT of €8 million (Q3 '13: €14 million) • Adjusted¹ EPS of €0.07 (Q3 '13: €0.10) • Net cash of €104 million (Q3 '13: €52 million) ¹
Slide 7: Full year outlook 2014 updated
Full year outlook 2014 updated • Revenue expected between €930 million and €950 million • Adjusted¹ EPS of at least €0.25 is unchanged ¹Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis NOTE: February 2014 guidance: Revenue of around €900
Slide 8: Thank you
Thank you Any questions? TOMTOMY
Slide 9: Revenue breakdown – quarterly
Revenue breakdown – quarterly Q3 '14 group revenue: €235 million; Q3 '13: €244 million Breakdown by segment1 Breakdown by category1 Q3 '14 Q3 '13 Q3 '14 Q3 '13 12% 8% 11% 12% 43% 41% 11% 11% 57% 59% 65% 70% Consumer €153 million Consumer €170 million Automotive €26 million Automotive €26 million Har
Slide 10: Quarterly P&L statistics
Quarterly P&L statistics (€ in thousands) Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3 '14 YTD '14 FY '13 REVENUE 250,246 244,056 267,563 205,378 251,951 234,564 691,893 963,454 Cost of sales 122,386 106,573 124,126 88,089 112,089 101,271 301,449 442,207 GROSS RESULT 127,860 137,483 143,437 117,289 139,862
Slide 11: Quarterly balance sheet statistics
Quarterly balance sheet statistics (€ in thousands) 30-Jun-13 30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 30-Sep-14 ASSETS NON-CURRENT ASSETS Goodwill 381,569 381,569 381,569 381,569 381,569 381,569 Other intangible assets 809,964 812,246 803,635 798,468 799,394 786,997 Other non-current assets 38,941 3
Slide 12: Quarterly cash flow statistics
Quarterly cash flow statistics (€ in thousands) Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3 '14 YTD '14 FY '13 Operating result 7,648 13,615 4,233 1,511 10,232 7,843 19,586 25,546 Financial gains/(losses) -1,610 -323 -3,179 380 -34 150 497 -7,757 Depreciation and amortisation 32,212 27,416 29,083 28,184 2
Slide 13: Impact of FX rate changes – quarterly
Impact of FX rate changes – quarterly Actual key Q3 '14 financials recalculated based on last year (Q3 '13) and last quarter (Q2 '14) FX rates (€ in thousands) Q3 '14 Q3 '14 recalc. based on Q3 '14 recalc. based on Actual Q3 '13 FX rates Q2 '14 FX rates REVENUE 235 233 233 Cost of Sales 101 102 99 G
Slide 14: Outstanding shares and adjusted earnings per share Q3 '14
Outstanding shares and adjusted earnings per share Q3 ‘14 Common shares outstanding end of Q2 '14 222,311,912 Common shares outstanding end of Q3 '14 223,389,812 Average shares outstanding in Q3 '14 222,739,749 (A) In the money share options as of Q2 '14 11,737,143 In the money share options as of Q
Slide 15: Deferred revenue
Deferred revenue IFRS deferred revenue for Lifetime Maps (LTM) and Lifetime Traffic (LTT) example (Estimated) fair value per Price (ASP) bundled component Allocation of revenue product 7% (LTM) €14 (LTM) Deferred and released 8% (LTT) €16 (LTT) over 48 months Sales price PND €200 85% €170 Recognised
Slide 16: Disclaimer
Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of TomTom NV and its subsidiaries (referred to as 'the company' or ‘the group’) and certain of the plans and objectives of the company with respect to