Slide 1: Q1 2024 Results
Q1 2024 Results Harold Goddijn – CEO Taco Titulaer – CFO 17 April 2024
Slide 2: Operational highlights for the quarter
Operational highlights for the quarter • Global coverage with TomTom Orbis Maps, with the maps supporting advanced features and extending our market reach • First conversions in our sales funnel for TomTom Orbis Maps • Commercial success of our products and services in a broadening variety of Enterp
Slide 3: Financial highlights for the quarter
Financial highlights for the quarter • Group revenue of €139m (€141m in Q1 ’23) • Location Technology revenue of €119m (€118m in Q1 ’23) • Automotive operational revenue of €79m (€84m in Q1 ’23) • Free cash flow1 was an outflow of €9m (inflow of €10m in Q1 ’23) • Net cash of €284m (€315m at the end
Slide 4: Outlook 2024
Outlook 2024 Outlook Actual in € million 2024 2023 Group revenue 570 – 610 585 Location Technology revenue 490 – 520 491 FCF1 as % of Group revenue > 5% 5% 1 Free cash flow in 2023 excludes restructuring charges related to the Maps realignment announced in June 2022 4 © 2024 TomTom
Slide 5: Thank you Any questions?
Thank you Any questions? 5 © 2024 TomTom
Slide 6: Revenue breakdown
Revenue breakdown By segment By type Q1 ’24 Q1 ’23 Q1 ’24 Q1 ’23 15% 16% 10% 11% €139m €141m €139m €141m 85% 84% 90% 89% Location Technology Software & content Consumer Hardware 6 © 2024 TomTom
Slide 7: Balance sheet
Balance sheet (€ in thousands) 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 42,917 36,534 30,427 25,170 20,275 15,828 Other contract related assets 30,627 32,806 34,632 33,478 35,019 36,811 Lease assets, PP&E a
Slide 8: P&L (€ in thousands)
P&L (€ in thousands) Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Automotive 77,070 81,120 90,898 82,476 87,806 83,257 Enterprise 40,453 36,905 37,296 36,760 37,403 35,345 Location Technology 117,523 118,025 128,194 119,236 125,209 118,602 Consumer 21,490 22,693 28,355 24,878 18,170 20,683 Revenue 139,
Slide 9: Cash flow
Cash flow (€ in thousands) Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Operating result -4,529 2,647 -3,557 -8,738 -10,360 -4,914 Foreign exchange adjustments -3,933 38 -1,027 1,118 -1,343 883 Depreciation and amortization 13,339 12,508 11,180 9,837 10,091 8,905 Change in provisions -4,953 -455 -697 3
Slide 10: Outstanding shares
Outstanding shares 1 Shares held in treasury of 7,436,106 are taken into account when calculating the weighted average shares outstanding. 2 The average share price for the quarter was €6.96. 10 © 2024 TomTom
Slide 11: 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 12: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands 12 © 2024 TomTom