Wirecard Ag · HAM:WDI
Wirecard — H1 2015 Earnings Presentation
30 slides from Wirecard's earnings presentation, Aug 18, 2015
Slide 1: Wirecard AG Half Year Results 2015 Investor Presentation
Agenda Wirecard AG 1. Kennzahlen Half / Highlights year results 2015 Investor Presentation 18 August 2015
Slide 2: Content
Content 1. Key Figures / Highlights 2. Products and Solutions 3. Growth 1. Drivers, Strategy Kennzahlen and Outlook / Highlights 4. Financial Data
Slide 3: 1. Key Figures / Highlights
1. Key Figures / Highlights
Slide 4: Key Figures first half of fiscal 2015
Key Figures / Highlights Key Figures first half of fiscal 2015 6M 2015 6M 2014 Change Results Transaction Volume EUR bn 20.2 15.5 30% Revenues EUR mn 340.1 268.8 27% EBITDA EUR mn 98.3 75.0 31% EBIT adjusted* EUR mn 83.2 64.3 29% EBIT EUR mn 72.5 56.3 29% Earnings after taxes EUR mn 60.9 44.9 36% Op
Slide 5: Average Transaction Volume per Merchant 2009 - 2014
Key Figures / Highlights Average Transaction Volume per Merchant 2009 - 2014 in mn EUR 1.9 1.8 1.81 1.67 1.6 1.49 1.4 1.2 1.19 1.05 1.0 0.96 0.8 0.6 2009 2010 2011 2012 2013 2014 © 2015 Wirecard AG 5
Slide 6: Diversified Customer Portfolio – Target Industries
Key Figures / Highlights Diversified Customer Portfolio – Target Industries In first half 2015 the transaction volume* grew to EUR 20.2 billion (30.3% yoy). Thereof EUR 4.9 billion (24.3% from total volume) was generated outside of Europe. The allocation as at the end of the second quarter 2015 to t
Slide 7: Operative Highlights YTD 2015
Key Figures / Highlights Operative Highlights YTD 2015 New customer gains in the first half of 2015 with a transaction volume potential of EUR 6.6 billion (up 32% from EUR 5 bn 1st half 2014) Examples of strong customer gains/extension of business relations in target sectors: Carrefour Indonesia
Slide 8: Operative Highlights/Innovations YTD 2015
Key Figures / Highlights Operative Highlights/Innovations YTD 2015 Payment Wearable/Payment Wearable SDK: Wirecard presented a payment wearable solution based on HCE technology and launched a Software Development Kit (SDK) for wearable payment solutions. A dedicated developer portal will provide a
Slide 9: Operative Highlights/Innovations YTD 2015
Key Figures / Highlights Operative Highlights/Innovations YTD 2015 Wirecard Checkout Portal - Higher conversion rate through targeted search engine marketing: With Google AdWords, Wirecard AG is offering with its partners a new premium service for its Checkout Portal, a fully automated solution th
Slide 10: Where we are
Key Figures / Highlights Where we are © 2015 Wirecard AG 10
Slide 11: 2. Products and Solutions
2. Products and Solutions
Slide 12: Products and Solutions
Products and Solutions © 2015 Wirecard AG 12
Slide 13: More than 20,000 merchants
Products and Solutions More than 20,000 merchants © 2015 Wirecard AG 13
Slide 14: B2B Payment solution for the Asian market
Products and Solutions B2B Payment solution for the Asian market Automated solution for international, multi currency payments to suppliers Based on virtual single use credit cards Support of 30 currencies, including Chinese Reminbi Manage and load cards in real-time via XML or graphical use
Slide 15: Fintech lending platform clients
Products and Solutions Fintech lending platform clients (Wirecard providing riskmanagement, technology, banking, processing and backup-services): Payback collection Wirecard (principal + interest) - Riskmanagement - Technology - Processing Payback payout - Banking services to investors + Collection
Slide 16: Wirecard ePOS concept: Customer-controlled check-out
Products and Solutions Wirecard ePOS concept: Customer-controlled check-out The customer uses the merchant’s application and is checked in at the retailer using Bluetooth on the Customer scans the No more queuing mobile phone goods using the app at the check-out Loyalty points and vouchers can be Fo
Slide 17: 3. Growth Drivers, Strategy and Outlook
3. Growth Drivers, Strategy and Outlook
Slide 18: E-Commerce
Growth Drivers, Strategy and Outlook E-Commerce Online retail sales in Western Europe are growing at a CAGR of 12% until 2018 (Forrester Research Online Retail Forecast, 2013 to 2018) The annual transaction value of online, mobile and contactless payments: $4.7 trillion by 2019 (2014: $2.5 trill
Slide 19: Issuing and Mobile Services
Growth Drivers, Strategy and Outlook Issuing and Mobile Services 195 billion mobile commerce transactions annually from mobile phone and tablet users by 2019, up from 72 billion in 2014 (CAGR: 22.05%) (Juniper Research, December 2014) Over 2 billion mobile phone or tablet users will make some fo
Slide 20: Outlook
Growth Drivers, Strategy and Outlook Outlook FY 2015: The Management Board has increased the previous EBITDA guidance 2015 of EUR 210 to EUR 230 million to a bandwidth of between EUR 220 to EUR 232 million. Forecast based on: European E-commerce market growth ~12% Increase in transaction volume
Slide 21: 4. Financial Data
4. Financial Data
Slide 22: Key Figures 6M 2015/6M 2014
Financial Data Key Figures 6M 2015/6M 2014 in kEUR 6M 2015 6M 2014 Change Revenues 340,086 268,815 27% EBITDA 98,299 74,953 31% EBIT adjusted* 83,215 64,281 29% EBIT 72,550 56,322 29% Taxes 8,027 8,664 -7% Profit after Taxes 60,949 44,862 36% EPS (undiluted) in EUR 0.49 0.37 32% Operating cash flow*
Slide 23: Revenues, Costs & EBITDA Growth 6M 2015/6M 2014
Financial Data Revenues, Costs & EBITDA Growth 6M 2015/6M 2014 6M 2014 6M 2015 in kEUR +26.5% 350,000 +24.7% 250,000 150,000 +31.1% 50,000 268,815 340,086 193,863 241,786 74,953 98,299 Revenues Revenues Cost Cost of of materials, materials, own work EBITDA EBITDA Own work capitalised, capitalised, p
Slide 24: Development Acquiring & Issuing Segment 6M 2015
Financial Data Development Acquiring & Issuing Segment 6M 2015 in kEUR 6M 2015 Revenues EBITDA Acquiring & Issuing Segment 120,315 17,851 Acquiring 97,039 11,959 Issuing 23,275 5,892 © 2015 Wirecard AG 24
Slide 25: Consolidated Income Statement 6M 2015/6M 2014
Financial Data Consolidated Income Statement 6M 2015/6M 2014 in kEUR 6M 2015 of revenues 6M 2014 of revenues Revenues 340,086 268,815 Own work capitalised 13,297 11,787 Cost of materials -186,867 54.9% -153,233 57.0% Personnel expenses -43,253 12.7% -30,705 11.4% Other operating expenses -29,724 8.7
Slide 26: Income taxes 6M 2015/6M 2014
Financial Data Income taxes 6M 2015/6M 2014 in kEUR 6M 2015 in % of earnings 6M 2014 of earnings before before taxes taxes Earnings before taxes 68,976 53,526 Taxes on income and profit -8,027 11.6% -8,664 16.2% thereof impact from deferred taxes 1,890 -2.7% -951 1.8% thereof taxes to be paid -9,917
Slide 27: Balance Sheet as of 30 June 2015/31 December 2014
Financial Data Balance Sheet as of 30 June 2015/31 December 2014 Assets in kEUR 30.06.2015 31.12.2014 Equity and liabilities in kEUR 30.06.2015 31.12.2014 Non-current assets 842,282 812,145 Shareholders´ equity 1,122,882 1,072,886 Goodwill 223,823 218,202 Liabilities 1,002,502 922,273 Customer relat
Slide 28: Net Cash Position and Free Cash Flow
Financial Data Net Cash Position and Free Cash Flow 30 June 2015/31 December 2014 Net Cash Position in kEUR 30.06.2015 31.12.2014 Non-current interest-bearing securities 53,763 49,078 Interest-bearing securities and fixed-term deposits 170,859 122,919 Cash and cash equivalents 724,495 695,076 Trade
Slide 29: Disclaimer
Disclaimer This presentation contains explicit and implicit forward-looking statements concerning Wirecard AG, its affiliated companies and their business. These statements are subject to various known and unknown risks, uncertainties and other factors due to which the actual events, financial condi
Slide 30: Contact
Contact Investor Relations Iris Stöckl: iris.stoeckl@wirecard.com IR-Team: ir@wirecard.com T: + 49 (0) 89 4424 1788 Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany