Slide 1: TomTom Q2 2013 results
TomTom Q2 2013 results Harold Goddijn – CEO Marina Wyatt – CFO 25 July 2013
Slide 2: Financial summary
Financial summary › Revenue of €250 million (Q2 ‘12: €262 million) › PND revenue flat › Automotive challenged by historic low car sales › Licensing deepens relations with key customers › Business Solutions continues strong growth recurring revenue › Adjusted EPS¹ of €0.07 (Q2 ‘12: €0.09) › Net cash
Slide 3: Operational highlights
Operational highlights › Consumer › Enthusiastic response to new PNDs by customers › New TomTom branded GPS watches started shipping › Automotive › Fiat line fit infotainment system (U-Connect) with TomTom navigation software and map content started shipping › First Daimler cars with TomTom Traffic
Slide 4: Revenue analysis
Revenue analysis Q2 2012: €262 million Q2 2013: €250 million by business unit by business unit Business Business Solutions Consumer Solutions Consumer 7% 59% 8% 59% Licensing Licensing 11% 12% Automotive Automotive 21% 23% by category by category C&S C&S 38% 38% Hardware Hardware 62% 62% 4
Slide 5: Earnings overview
Earnings overview in € millions Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Revenue 233 262 274 289 202 250 Gross result 114 136 150 154 112 128 Gross margin 49% 52% 55% 53% 56% 51% Operating expenses 114 122 118 130 112 120 Operating result (0) 14 32 25 0 8 Operating margin 0% 5% 12% 9% 0% 3% Interes
Slide 6: Cash flow
Cash flow in € millions Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Operating result (0) 14 32 25 0 8 Depreciation and amortisation 28 27 27 29 29 32 Financial (losses)/gains 3 1 (0) (4) (3) (2) Other (4) 5 (5) 0 (1) 2 Changes in working capital (11) (28) 0 49 2 (13) Cash flow from operations 16 19 53
Slide 7: Balance sheet
Balance sheet in € millions 31 Mar '12 30 Jun '12 30 Sep '12 31 Dec '12 31 Mar '13 30 Jun '13 Goodwill 382 382 382 382 382 382 Other intangible assets 861 847 836 821 812 810 Other non-current assets 46 44 41 44 44 39 Inventories 55 64 59 44 53 47 Receivables, prepayments & derivatives 157 208 219 2
Slide 8: Thank you Any questions?
Thank you Any questions?
Slide 9: Operating expenses development
Operating expenses development in € millions 130 122 120 118 43 45 44 114 112 38 40 38 R&D Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 Marketing 16 15 14 13 11 11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 47 43 44 40 41 42 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Q1 '13 Q2 '13 SG&A Total OPEX Q1 '12 Q2 '12 Q3 '12
Slide 10: Redemption profile and cash position
Redemption profile and cash position in € millions 181 100 75 Cash and cash equivalents Net redemption amount Q2 '13 YE '14 Q1E '16 › €75 million repaid ahead of schedule › Net cash position of €6 million 10
Slide 11: Impact of FX rate changes
Impact of FX rate changes Actual results recalculated based on last quarter FX rates and last year FX rates Q2 '13 Q2 '12 Q1 '13 in € millions rates rates rates Revenue 250 251 250 Cost of sales 122 122 120 Gross margin 51% 51% 52% Gross profit 128 129 129 P&L rates in € US dollar 1.30 1.30 1.33 GB
Slide 12: Outstanding shares
Outstanding shares Common shares outstanding end of Q1 ‘13 221,895,012 Common shares outstanding end of Q2 ‘13 221,940,012 Average shares outstanding in Q2 ‘13 221,903,913 (A) In the money share options as of Q1 ‘13 0 In the money share options as of Q2 ‘13 7,267,700 Average potential dilutive share
Slide 13: Disclaimer
Disclaimer This Presentation has been produced by TomTom N.V. (the “Company”) and is furnished to you solely for your information. This document contains certain forward-looking statements relating to the business, financial performance and results of the Company and the industry in which it operate