Wirecard Ag · HAM:WDI

Wirecard — Q1 2016 Earnings Presentation

27 slides from Wirecard's earnings presentation, May 19, 2016

  1. Slide 1: Investor Presentation Results Q1 2016

    Investor Presentation Results Q1 2016 Wirecard AG 19 May 2016 © 2016 Wirecard AG 1

  2. Slide 2: Content

    Content 1. Highlights 2. Industry and regions 3. Mergers and acquisitions 4. Outlook 5. Financial data © 2016 Wirecard AG 2

  3. Slide 3: 1. Highlights

    1. Highlights © 2016 Wirecard AG 3

  4. Slide 4: Wirecard at a glance

    Highlights Wirecard at a glance 12.8 EUR bn processed transaction volume worldwide in Q1 2016 Outstanding track record with continuing growth and strong fundamentals ~ 24,000 merchants Innovation leader with leading internet and mobile payment technology Global M&A strategy adding to organic success

  5. Slide 5: Key figures Q1 2016

    Highlights Key figures Q1 2016 Results in EUR mn (except where stated) Q1 2016 Q1 2015 Change Transaction volume (in EUR bn) 12.8 9.5 35% Revenues 210.5 159.4 32% EBITDA 62.0 46.0 35% EBIT adjusted* 53.4 40.2 33% EBIT 46.1 33.4 38% Earnings after taxes 36.6 28.6 28% Operating cash flow** 50.6 46.2 9

  6. Slide 6: Organic versus M&A related growth yoy Q1 2016

    Highlights Organic versus M&A1 related growth yoy Q1 2016 Transaction Revenue EBITDA growth volume growth growth Total 34.7% 32.0% 34.6%  Organic 29.3% 20.1% 26.0%  M&A 5.4% 11.9% 8.6% GI Retail 4.8% 10.5% 7.7% MoIP 0.4% 0.9% 0.2% Provus 0.2% 0.6% 0.8% 1 Payment business of GI Retail Group, Ind

  7. Slide 7: Operative highlights Q1 2016

    Highlights Operative highlights Q1 2016 Examples of customer gains, business extensions and new partners Microsoft Cloud Platform Azure, Siemens Mobility, Verlagsgruppe Handelsblatt, Visa Europe Collab, ÖBB, T-Systems boon. UK launch together with Apple Pay Wirecard’s Host Card Emulation (HCE) app f

  8. Slide 8: 2. Industry and regions

    2. Industry and regions © 2016 Wirecard AG 8

  9. Slide 9: Transaction volume – industry and geographic view

    Industry and regions Transaction volume – industry and geographic view 12.8 EUR bn transaction volume in Q1 2016 Travel & mobility 34.7% yoy growth • Includes airlines, hotel chains, travel portals, tour operators, ferries, car 9.0 EUR bn 3.8 EUR bn rental and transportation companies Europe Outside

  10. Slide 10: 3. Mergers and acquisitions

    3. Mergers and acquisitions © 2016 Wirecard AG 10

  11. Slide 11: Overview of recent M&A activity

    Mergers and acquisitions Overview of recent M&A activity • Transaction based services in e-commerce and money remittance • Stake in one of the world’s fastest growing e-commerce market • Employees: >900 Payment business of GI • Cash payment of 230.0 EUR mn, further earnouts up to 110.0 EUR mn Retail

  12. Slide 12: Track record of recent M&A activity

    Mergers and acquisitions Track record of recent M&A activity Revenue EBITDA Payment business of GI 16.7 EUR mn 3.5 EUR mn Retail Group, India in Q1 2016 in Q1 2016 (consolidation as of (consolidation as of December 30, 2015) December 30, 2015) Revenue EBITDA MoIP Pagamentos, Brazil 1.4 EUR mn 0.1 EU

  13. Slide 13: Driving financial inclusion in India – What's next?

    Mergers and acquisitions Driving financial inclusion in India – What´s next? ICASH BANK CORPORATE CARD ( FULL LICENSE ) SOLUTIONS BIN LOANS SPONSORSHIP ( NBFC, BANK ) PSP BBPOU PAYMENT PLATFORM by BILL PRESENTMENT WIRECARD LICENSE ICASH ( PPI LICENSE ) MOBILE WALLET by WIRECARD APPSTORE MTSS ( SMART

  14. Slide 14: Addressing the core needs in Brazil – What's next?

    Mergers and acquisitions Addressing the core needs in Brazil – What´s next? Prepaid Card Solution CARD SOLUTION for Merchants’ Balances PSP SOLUTION at MOIP by Wirecard for medium to BANK ( FULL LICENSE ) large sized merchants Income BIN and tax mPOS SPONSORSHIP (SME) State of the reporting Bill Art

  15. Slide 15: Addressing the Romanian market – What's next?

    Mergers and acquisitions Addressing the Romanian market – What´s next? Account to HCE Bill pay- account solutions ments transfer Open White loop label prepaid issuing Closed solutions Health loop mPOS card prepaid (SME) Merchant solutions loyalty Bank wallet loyality (Cards 4U) POS SHARING Payment A

  16. Slide 16: 4. Outlook

    4. Outlook © 2016 Wirecard AG 16

  17. Slide 17: Market environment

    Outlook Market environment • Expected global e-commerce growth in 2016 of 16% to 17%* Strong market • Ongoing expected growth of the European e-commerce market of 12% for 2016** prospects • Strong growth prospects for the Asian market of 25% in 2016*** • Consumer goods Europe projected to grow at 11

  18. Slide 18: Company guidance

    Outlook Company guidance • EBITDA guidance for FY2016 of 290 to 310 EUR mn • Proposed dividend of 0.14 EUR per share Guidance is based on • Growth of the European e-commerce market and additional global growth drivers • Increase of processed transaction volume with existing and new clients • Economi

  19. Slide 19: 5. Financial data

    5. Financial data © 2016 Wirecard AG 19

  20. Slide 20: Financial highlights Q1 2016

    Financial data Financial highlights Q1 2016 in EUR k Q1 2016 Q1 2015 Change Revenue 210,470 159,413 32% EBITDA 61,977 46,034 35% EBIT adjusted* 53,357 40,174 33% EBIT 46,057 33,410 38% Tax 6,156 3,729 65% Profit after tax 36,610 28,596 28% EPS (undiluted) in EUR 0.30 0.23 30% Operating cash flow** 5

  21. Slide 21: Consolidated income statement

    Financial data Consolidated income statement in EUR k Q1 2016 % of revenues Q1 2015 % of revenues Revenues 210,470 159,413 Own work capitalised 5,670 5,871 Cost of materials -110,357 52.4% -87,767 55.1% Personnel expenses -27,698 13.2% -20,711 13.0% Other operating expenses -16,431 7.8% -13,874 8.7%

  22. Slide 22: Balance sheet

    Financial data Balance sheet Assets in EUR k 31.03.2016 31.12.2015 Equity and liabilities in EUR k 31.03.2016 31.12.2015 Non-current assets 1,386,054 1,280,261 Shareholders´ equity 1,305,376 1,280,513 Goodwill 513,940 489,301 Liabilities 1,718,144 1,654,988 Customer relationships 406,490 385,451 Cur

  23. Slide 23: Net cash (short and long term)

    Financial data Net cash (short and long term) Net cash bridge Q1 2016 In EUR mn 1,600 427 -325 1,400 1,200 -388 984 1,000 800 -301 211 -353 600 398 400 256 200 0 Cash and cash Receivables of Current interest Customer Liabilities of Net cash Non-current Non-current Net cash equivalents acquiring bear

  24. Slide 24: Income tax analysis

    Financial data Income tax analysis in EUR k Q1 2016 in % of ebt Q1 2015 in % of ebt Earnings before tax (EBT) 42,766 32,325 Tax on income and profit -6,156 14.4% -3,729 11.5% thereof impact from deferred tax 898 -2.1% -323 1.0% thereof tax to be paid -7,054 16.5% -3,406 10.5% Paid tax on income -2,6

  25. Slide 25: Cash flow and conversion

    Financial data Cash flow and conversion Free cash flow in EUR k Q1 2016 Q1 2015 Cash flow from operating activities 50,603 46,228 (adjusted) Operative CAPEX 13,078 12,579 Free cash flow 37,525 33,649 Cash conversion in EUR k Q1 2016 Q1 2015 Free cash flow 37,525 33,649 Earnings after tax 36,610 28,5

  26. Slide 26: Contact

    Contact Investor Relations Iris Stöckl: [email protected] IR-Team: [email protected] T: + 49 (0) 89 4424 1788 Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany © 2016 Wirecard AG 26

  27. Slide 27: 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

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