Wirecard Ag · HAM:WDI
Wirecard — Q1 2011 Earnings Presentation
26 slides from Wirecard's earnings presentation, May 2011
Slide 1: Wirecard AG – Investor Presentation, Q1 2011 Results
Wirecard AG – Investor Presentation Results 1st. quarter of fiscal 2011
Slide 2: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2011 3 Financial Data © 2011 Wirecard AG 2
Slide 3: Key Figures – 1st quarter of fiscal 2011
Key Figures 1st quarter of fiscal 2011 Q1/2011 Q1/2010 Change in % Results Sales EUR mn 69 9 69.9 58 5 58.5 19% EBITDA EUR mn 16.9 16.0 6% EBITDA EUR mn 19.2 16.0 20% without one- offs Earnings after taxes EUR mn 12.5 12.3 2% Earnings per share EUR 0.12 0.12 0% (diluted) Proposed Dividend
Slide 4: The Company – Key Figures
The Company Key Figures > 12,000 corporate customers from various industries < 500 employees l 120 transaction currencies 85 payment and risk management solutions 3.4 billion euros in transaction volume as at March, 31st 2011 © 2011 Wirecard AG 4
Slide 5: Products and Services
Company Products and Services Credit Card Acquiring Wirecard Bank Principal Member of Visa, MasterCard, licensed acquirer for Discover/Diners and JCB Funds Transfer SWIFT, SEPA, IZV/AZV and domestic direct debit via Wirecard Bank Payment Processing Support of all major inter- / national payment meth
Slide 6: USPs
The Company USPs A particular unique selling point of the Wirecard Group is the centralization of payment transactions from many different distribution and procurement channels on a single platform. Combination of software technology and bank products International orientation – a single platfor
Slide 7: Diversified Customer Portfolio – Various Industries
The Company Diversified Customer Portfolio – Various Industries In the first quarter of fiscal 2011 the transaction volumes* amounted to 3.4 billion euros (+21% yoy). At the end of period under review, the following breakdown to our target industries shows that positive business trends are continuin
Slide 8: Stock Performance
Wirecard Stock Stock Performance ISIN DE0007472060 WKN 747206 Ticker Symbol WDI Market Segment Prime Standard Index TecDAX Number of Shares 101,803,139 Year High 2011 EUR 13 13.20 20 Year Low 2011 EUR 10.13 Closing Price (Xetra) EUR 12.43 May 16, 2011 Market Cap. EUR bn 1.265 © 2011 Wirecard AG 8
Slide 9: Shareholder Structure | May 13, 2011
Wirecard Stock Shareholder Structure | May 13, 2011 MB Beteiligungsgesellschaft mbH 7.6 % (DE) *Jupiter *J it AAssett M Managementt Li Limited it d 6.26 % (UK) *Alken Fund SICAV 5 % (LU) *Wasatch Holdings g Inc. 3.1 % (US) *92.40% *Columbia Wanger AM LLC 3.08 % (US) Freefloat *Henderson Group Plc 3
Slide 10: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2011 3 Financial Data © 2011 Wirecard AG 10
Slide 11: The Internet has established itself as a key distribution channel
Growth drivers The Internet has established itself as a key distribution channel In 2011 Europe’s eCommerce market will continue to record a 13% growth (based on the outlook for the individual target sectors). Consumer goods: two-digit growth yoy by ~10% 2010 to 2015 (EU-17 states) (Forrester 2011
Slide 12: Trends – From the merchants point of view
Trends From the merchants point of view To benefit from significant savings potential by outsourcing their payment processing services. Continual new challenges with regards to payment systems and risk management solutions to combat fraud and minimize payment default, especially in cross border
Slide 13: Wirecard Strategy – Key operative measures
Wirecard Strategy Key operative measures To continue Extension of new customer relationships / Cross- / Up-Selling strategy potential within existing customer portfolio Evolutionary expansion of customer relationship by providing new payment- and risk management solutions. To continually add int
Slide 14: Asia – Future growth market
Wirecard Strategy Asia – Future growth market New hubs in Singapore and Dubai Expansion of banking network and partner network Wirecard AG as European partner for internationally oriented Asian merchants New partnerships in China: China UnionPay: China‘s credit card brand is UNIONPAY 2.38 bill
Slide 15: Issuing@wirecard
Wirecard Innovation Issuing@wirecard mywirecard.com Buy at the POS: 2go Visa prepaid card / eMoney product / giftcard to top up once up to 150 euros without giving personal data / Load levels (EUR): 25, 50, 100, 150 / reloadable after online authentifcation. Online sign up: mywirecard.com Master
Slide 16: Guidance Fiscal 2011: EBITDA between 81 and 89 million Euro
Outlook Guidance Fiscal 2011: EBITDA between 81 and 89 million Euro Solid double-digit growth of European eCommerce market of 13 percent Continual new customer relationships (Tendency toward mid- and large-scale companies) Delivery of new innovative products 1st half of 2011: 5 mn euros non-
Slide 17: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2011 3 Financial Data © 2011 Wirecard AG 17
Slide 18: Key Figures First Quarter 2010/2011
Financial Data Key Figures First Quarter 2010/2011 in TEUR Q1/2011 Q1/2010 Sales 69,881 58,512 EBITDA 16,866 15,961 EBIT 15,143 14,688 Profit after Taxes 12,519 12,262 EPS* EPS 0 12 0.12 0 12 0.12 Operating Cash flow** 12,737 12,570 Shareholders’ Equity 302,337 257,096 Total Equity and Liabilities 5
Slide 19: Sales, Costs and EBITDA Growth 2010/2011 (without one-offs)
Financial Data Sales, Costs and EBITDA Growth 2010/2011 100,000 without non-recurring special expenditures +19% 80,000 Q1 2010 Q1 2011 +19% 60,000 69,881 58,512 40,000 50,715 +20% 42,551 20,000 15,961 19,166 0,000 Sales Cost of materials EBITDA Incr./Decr. of invent. in TEUR and own work capitalized
Slide 20: Sales, Costs and EBITDA Growth 2010/2011
Financial Data Sales, Costs and EBITDA Growth 2010/2011 100,000 +19% Q1 2010 Q1 2011 80,000 +25% 60,000 69,881 58,512 53,015* 40,000 +6% 42 551 42,551 20,000 15,961 16,866 0,000 , Sales Cost of materials EBITDA in TEUR Incr./Decr. of invent. and own work capitalized Personnel expenses Other operatin
Slide 21: Consolidated Income Statement 2010/2011
Financial Data Consolidated Income Statement 2010/2011 of of in TEUR Q1/2011 Sales Q1/2010 Sales Sales 69 881 69,881 58 512 58,512 Own work capitalized 1,621 1,271 Cost of materials (40,389) (57.8%) (31,115) (53.2%) Personnel expenses (7,025) (10.1%) (6,950) (11.9%) Other operating expenses (7,540)
Slide 22: Financial comments – Income tax expenses
Financial Data Financial comments Income tax expenses 2010/2011 in % of profit in % of profit in TEUR Q1/2011 before taxes Q1/2010 before taxes Earnings before taxes 15,561 14,390 Taxes on income and profit (3,042) (19.5)% (2,128) (14.8)% thereof impact from deferred taxes (0,023) (0.1)% (1,036) (7.
Slide 23: EBITDA per operating divisions 2010/2011
Financial Data EBITDA per operating divisions 2010/2011 25,000 Q1 2010 Q1 2011 20,000 16,866 16 866 16,866 15,961 15,961 15,000 11,795 10,000 9,300 6,519 4,923 5,000 0 142 0,148 0,142 0 0 0,000 -5,000 Payment Acquiring & Call Center & EBITDA before Consolidation EBITDA Processing & Risk Issuing Comm
Slide 24: Balance Sheet as of March 31st, 2011 / Dec. 31, 2010
Financial Data Balance Sheet as of March 31st, 2011 / Dec. 31, 2010 EQUITY AND ASSETS 03/31/2011 12/31/2010 03/31/2011 12/31/2010 LIABILITIES SHAREHOLDERS´ NON-CURRENT ASSETS 237,685 235,224 302,337 289,844 EQUITY - Goodwill 111,851 101,340 LIABILITIES 274,240 260,015 - Deferred tax assets 1,394 1,2
Slide 25: 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
Slide 26: Contact
Contact Wirecard AG Einsteinring 35 85609 Aschheim / München Investor Relations Iris Stöckl [email protected] Ph.+49 (0) 89 4424 1424