Slide 1: Results for FY 2016/17
Kapsch TrafficCom Results for FY 2016/17. June 20, 2017
Slide 2: Agenda
Agenda. 1. Highlights 2016/17. 2. Financial results 2016/17. 3. Outlook 2017/18 and beyond.
Slide 3: Highlights. Fiscal year 2016/17
Highlights. Fiscal year 2016/17.
Slide 4: Highlights
Highlights. Fiscal year 2016/17. Solid results Acquired KTT, the transportation business of Schneider Electric Other acquisitions Important tolling contracts secured Promissory note bond to refinance the corporate bond due in fall 2017 New dividend policy Dividend proposal for FY 2016/17: EUR 1.50/s
Slide 5: Acquisition of KTT
Highlights. Acquisition of KTT. As of April 1, 2016, Kapsch TrafficCom acquired the transportation business of Schneider Electric: Strengthening of the “Intelligent Mobility Solutions” segment ▪ From the highway into the city: extension of the product portfolio ▪ 30 years of experience in IMS ▪ With
Slide 6: Other acquisitions
Highlights. Other acquisitions. Other acquisitions with strategic relevance: Remaining 48% in Kapsch Telematic Services (Czech Republic) 65% in tolltickets (Germany) 75.5% in Fluidtime (Austria) June 20, 2017 | Kapsch TrafficCom: Results FY 2016/17 www.kapschtraffic.com 6
Slide 7: Important toll contracts secured
Highlights. Important toll contracts secured. Austria: Establishment and technical operation of the nation-wide tolling system for vehicles over 3.5 tons. Term: 10 years, can be extended by one year five times. Czech Republic: Operation of the nation-wide HGV tolling system. Term: Up to three years.
Slide 8: Promissory note bond
Highlights. Promissory note bond. In Q1 2016/17, Kapsch TrafficCom issued a promissory note bond (Schuldscheindarlehen). Volume: EUR 62 million + USD 14.5 million Tenors: 5, 7 and 10 years Purpose: to refinance the corporate bond due in November 2017; used favorable market conditions Advantage: may
Slide 9: New dividend policy & dividend
Highlights. New dividend policy & dividend. Sustainable dividend policy which grants the company enough flexibility to react to market developments. Dividend per share at least the higher of: ▪ Base level dividend of EUR 1.00 ▪ One third of the profit for the period Depending on economic development
Slide 10: Financial results. Fiscal year 2016/17
Financial results. Fiscal year 2016/17.
Slide 11: Earnings overview
Earnings overview. All figures in EUR mn unless otherwise stated 2016/17 +/- 2015/16 2014/15 Revenues 648.5 23% 526.1 456.4 EBITDA 77.8 1% 76.9 61.5 EBITDA margin 12.0% -3%p 14.6% 13.5% EBIT 60.1 -4% 62.3 32.7 EBIT margin 9.3% -3%p 11.9% 7.2% Profit before tax (PBT) 60.6 11% 54.8 19.9 Profit for the
Slide 12: Earnings: EBIT
Earnings. EBIT. All figures in EUR mn unless otherwise stated 2016/17 +/- 2015/16 Revenues 648.5 23% 526.1 Includes EUR 3mn badwill from KTT acquisition and EUR 8.1 mn FX gains. Other operating income 25.1 47% 17.0 Changes: finished/unfinished 1.4 ― -12.3 goods & work in progress Own work capitalize
Slide 13: Financial result, taxes, non-controlling interests
Earnings. Financial result, taxes, non-controlling interests. All figures in EUR mn unless otherwise stated 2016/17 +/- 2015/16 Interest income EUR 2.6mn EBIT 60.1 -4% 62.3 Interest income EUR 2.6mn FX gains EUR 8.7mn FX gains EUR 3.2mn Other EUR 2.2mn Finance income 13.5 5% 12.9 Sale of securities
Slide 14: Other key financials
Other key financials. Balance sheet total Net investments Free cash flow Net credit/debt and equity ratio 14 100 40 750 12 30 33.8 12.3 90.7 80 600 648.8 20 10 19.6 60 68.2 10 450 515.6 513.7 EUR mn EUR mn EUR mn EUR mn 8 00 6 7.0 7.2 40 -10 300 42.6 43% 45% 4 -20 35% 20 150 2 -30 -35.9 0 00 -40 00
Slide 15: Segment results
Segment results. Revenue share of IMS increased from 16.0% to 27.8%. ETC ETC revenues All figures in EUR mn 2016/17 +/- 2015/16 All figures in EUR mn 2016/17 +/- 2015/16 unless otherwise stated 26% unless otherwise stated Revenues 468.4 6.0% 442.1 66% Design & build 96.9 5.0% 92.3 8% EBIT 65.5 1) 2.
Slide 16: Consolidation of Kapsch TrafficCom Transportation
Consolidation of Kapsch TrafficCom Transportation. Impact on FY 2016/17 results. Impact on the P&L Impact on the balance sheet* Other Revenues EUR +112.8mn Property, plant & equipment EUR 0.7mn Number of KTC Group employees thereof ETC EUR +21.8mn Intangible assets EUR 9.0mn up by approximately 900.
Slide 17: Outlook. 2017/18 and beyond
Outlook. 2017/18 and beyond.
Slide 18: Outlook FY 2017/18
Outlook. FY 2017/18. Continue to grow the top line ▪ ETC Good potential in the USA Hope for greater momentum in Asia In EMEA, focus on nation-wide toll collection systems, e.g. in Poland, the Czech Republic and Bulgaria ▪ IMS As KTT integration has been completed, stronger focus on sales G
Slide 19: Outlook beyond FY 2017/18
Outlook. Beyond FY 2017/18. Revenue should increase in both segments, with higher rates of growth for IMS ▪ Further expansion of the toll collection business ▪ Growth in existing and new markets ▪ Reducing the cluster risk – growing the portfolio of smaller contracts ▪ Acquisitions ▪ Growth resultin
Slide 20: Disclaimer
Disclaimer. This presentation is made by Kapsch TrafficCom AG (“Kapsch TrafficCom”) solely for use at this Given these risks, uncertainties and other factors, recipients of this document are cautioned not presentation. It is furnished to you solely for your information and its content may not be cop
Slide 21: Thank you for your attention
Thank you for your attention. Georg Kapsch Ulrike Klemm-Pöttinger CEO Executive VP Finance Kapsch TrafficCom AG Kapsch TrafficCom AG Kapsch TrafficCom AG Kapsch TrafficCom AG Am Europlatz 2 Am Europlatz 2 1120 Vienna, Austria 1120 Vienna, Austria P +43 50 811 0 P +43 50 811 2800 georg.kapsch@kapsch.