Slide 1: Kapsch TrafficCom Investor Presentation November 2018
Kapsch TrafficCom Investor Presentation. November 2018.
Slide 2: Kapsch: Tradition meets Future
Kapsch. KTC: Leading entity of the Kapsch Group. Kapsch founded in Vienna in 1892 Electronic industry Strong brand in Austria Four key entities Kapsch TrafficCom – KTC (Intelligent Mobility Systems) Kapsch BusinessCom Kapsch: Tradition meets Future. (ICT solutions for enterprises and public 125+
Slide 3: Kapsch TrafficCom at a glance
Kapsch TrafficCom. At a glance. Provider of Intelligent Solid financial parameter Mobility Solutions Revenues ~EUR 700mn Tolling EBIT ~EUR 50mn (Electronic Toll Collection – ETC) Sustainable dividend Mobility (Intelligent Mobility Solutions – policy: Base dividend of IMS) EUR 1.— Fiscal ye
Slide 4: Relevant mega trends and drivers
Relevant mega trends and drivers. Mobility Urbanization Technology and concepts With increasing affluence, desire for Share of people living in cities is rising: Radical change in transport industry with mobility increases. Since 2007: > 50% by 2030: > 60% new technologies and concepts, e.g. Mobilit
Slide 5: Portfolio of solutions
Portfolio of solutions. Integrated mobility solutions provider – financial segmentation. Tolling (ETC) Intelligent Mobility Solutions (IMS) Electronic toll collection Plaza tolling Traffic management Traffic safety & security Multi-lane free-flow Stand-alone manually operated Highway traffic managem
Slide 6: Characteristics of the two segments
Characteristics of the two segments. Components Implementation Operation Services Toll stations Consulting Subsystems Integration Integration In-vehicle components Tolling ETC Complete Enforcement stations Technical operation as a service turnkey systems Road-side components (Taas) Back office Comme
Slide 7: Product portfolio
Product portfolio. In-vehicle products Radio frequency (RF) field products 5.8 GHz DSRC transponders/on- 5.8 CEN DSRC transceivers board units 5.9 WAVE/5G DSRC transceivers 5.9 WAVE/5G DRSC on-board units 915 readers 915 transponders RFID-63 readers RFID-63 passive transponders Handheld & desktop tr
Slide 8: Tolling extended to intelligent mobility solutions
Tolling extended to intelligent mobility solutions. Kapsch TrafficCom – reducing the risk profile; less dependent on few large customers. 2007/08 (IPO) 2012/13 2017/18 In the 2020s Mainly tolling business Mainly tolling business Mainly tolling business ETC and traffic New/additional Only a few custo
Slide 9: USP: What makes Kapsch TrafficCom unique?
USP. What makes Kapsch TrafficCom unique? Ability to develop tailored solutions – proven track record Close to our customers Domain know-how Broad variety of technologies, prime quality Integrated, one-stop-shop Only real global player in ETC Best practice Risk diversification A leading position
Slide 10: Financial results H1 2018/19
Financial results. H1 2018/19.
Slide 11: H1 2018/19 and beyond: Highlights
H1 2018/19 and beyond. Highlights. Germany: Contract for automated enforcement of the new passenger car toll. Poland: Contract to support the further operation of the system for another 21-27 months. Czech Republic: Minister of Transport signs contract with a competitor; legal proceedings launched.
Slide 12: Segment results: ETC and IMS
H1 2018/19. Segment results: ETC accounts for 78% of total revenues, IMS 22%. Key financials Revenues by region Revenues by type All figures in EUR mn H1 H1 All figures in EUR mn H1 H1 unless otherwise stated 2017/18 2018/19 +/- 29% unless otherwise stated 2017/18 2018/19 +/- Revenues 260.7 262.1 1%
Slide 13: Other key financials
H1 2018/19. Other key financials. Balance sheet total Net CAPEX Free cash flow Net cash/debt and equity ratio 10 35 20 700 33.1 15 25 16.2 600 639.1 8 8.8 10 621.1 614.6 5 500 15 in EUR mn in EUR mn in EUR mn in EUR mn 0 6 400 -5 37.0% 5 34.8% 35.9% -10 300 4 -15.7 -5 -1.0 -15 -20 200 2 2.8 2.4 -15
Slide 14: Outlook & medium-term goals
Outlook & medium-term goals. Outlook 2018/19 Revenues and EBIT at previous year's levels Revenues (medium-term) Growing in both segments Grow stronger than the market Higher growth rates for IMS in the long run EBIT margin (medium-term) ETC: comfortably >10% IMS: in good environment, 8% possible Gro
Slide 15: Dividends
Dividends. Dividend policy* At least the higher of 1/3 of the earnings per share (EPS) and EUR 1. Depending on economic development, the market environment and capital needs for upcoming projects, the dividend payment can be higher or lower. ... ... However, within a reference period of 3 years, the
Slide 16: Kapsch TrafficCom share
Kapsch TrafficCom share. Shareholder structure Institutional investors by region Source: Shareholder survey from March 2018, participation notification, estimates by Kapsch TrafficCom. Basic information Select events Listed in Prime Market segment at the February 21, 2019 Results Q1-Q3 2018/19 Vienn
Slide 17: Share price development
Share price development. Kapsch TrafficCom and ATX Prime. 120 Offer in CZ for nation-wide Profit warning: Q1 below tolling system not expectations, lowered New project: Modernize toll considered the cheapest Tender in CZ cancelled outlook system in Switzerland 110 New project: Support further operat
Slide 18: 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 19: Thank you for your attention
Thank you for your attention. Kapsch TrafficCom Kapsch TrafficCom AG Am Europlatz 2 1120 Vienna, Austria P: +43 50 811 - 0 ir.kapschtraffic@kapsch.net www.kapschtraffic.com/ir Please Note: The content of this presentation is the intellectual property of Kapsch TrafficCom AG and all rights are reserv
Slide 20: Appendix: References and recent major projects
Appendix. References and recent major projects.
Slide 21: References in more than 50 countries
References in more than 50 countries. EMEA All figures in EUR mn % unless otherwise stated 2017/18 of total Global Revenues 441.9 64% All figures in EUR mn % thereof ETC 346.8 50% unless otherwise stated 2017/18 of total thereof IMS 95.1 14% Revenues 693.3 thereof ETC 521.6 75% thereof IMS 171.6 25%
Slide 22: Major project: Road safety and traffic management in Zambia
Overview: Major project. Road safety and traffic management in Zambia. About the project Republic of Zambia Capital: Lusaka Nation-wide concession contract to improve road safety and traffic Official language: English management. GDP (PPP)/cap*: USD 4,050 Currency: Zambian Kwacha (ZMW) Main componen
Slide 23: Full consolidation of JV in Zambia
Full consolidation of JV in Zambia. Service concession agreement according to IFRIC 12. IFRIC 12 because Public-to-private arrangement to build-operate-transfer an asset without separate payments of building, operating and transferring the asset to a public entity, but is paid via the operation (use
Slide 24: Major project: German passenger car toll enforcement
Overview: Major project. Automatic enforcement of the German passenger car toll. About the project Federal Republic of Germany Capital: Berlin Planning, development, implementation, operation and maintenance of Official language: German the automated enforcement system for the German passenger car t
Slide 25: Major project: Nation-wide tolling system in Bulgaria
Overview: Major project. Nation-wide tolling system in Bulgaria. About the project Republic of Bulgaria Capital: Sofia Contract to design and build nation-wide tolling system. Official language: Bulgarian GDP (PPP)/cap*: USD 20,329 Satellite technology for trucks over 3.5 tons. Currency: Lev (BGN) P
Slide 26: Major project: Tolling in Maryland (USA)
Overview: Major project. Tolling in Maryland (USA). About the project Maryland Capital: Annapolis Contract to replace and maintain all roadside tolling equipment in the Currency: US dollar (USD) mixed-mode, cash, and express toll lanes under management of the Population: 6.1 million Maryland Transpo
Slide 27: Major project: Port Authority of New York and New Jersey
Overview: Major project. Port Authority of New York and New Jersey (USA). About the projects Port Authority of New York and New Jersey 1. Tolling (2016) Interstate agency Established 1921 Replace the toll collection system at all bridges and tunnels and Financially self-supporting public agency ongo
Slide 28: Appendix: Miscellaneous
Kapsch > challenging limits Appendix. Miscellaneous.
Slide 29: Promissory note bond & long-term bank loan
Promissory note bond & long-term bank loan. 2016 2021 Corner stones of the promissory note bond Promissory note bond PNB: EUR -26mn (PNB) Issued 2016 1.22% p.a EUR 62.0mn PNB: EUR -4.5mn Volume: EUR 62mn + USD 14.5mn USD 14.5mn 6M EURIBOR + 120bps 3 tenors (5/7/10 years) PNB: USD -14.5mn Partially f
Slide 30: Corporate milestones (1)
Corporate milestones (1). More than 125 years in the ever-changing electronic industry. 1892 Morse telegraph devices 1995 2002 2007 Telephones (fixed and mobile) Kapsch founded Capacitors and dry batteries Contract for the realization of Kapsch Aktiengesellschaft IPO of Kapsch TrafficCom Radios, inc
Slide 31: Corporate milestones (2)
Corporate milestones (2). More than 125 years in the ever-changing electronic industry. 2007 2011 2016 IPO of Kapsch TrafficCom Capital increase Acquisition of the transportation business Nation-wide ETC system in Czech USA: Selected by E-ZPass Group of Schneider Electric Republic goes into operatio
Slide 32: We make traffic solutions intelligent
We. make traffic solutions intelligent. Why is this so important to us? Because we want you to reach your destination quickly, comfortably, and safely. Because we want to enable our customers to provide the very best service at a low cost. Because we want to protect the environment.