Wirecard Ag · HAM:WDI
Wirecard — H1 2014 Earnings Presentation
25 slides from Wirecard's earnings presentation, Aug 13, 2014
Slide 1: Wirecard AG Half Year Results 2014 Investor Presentation
Wirecard AG Half year results 2014 Investor Presentation Aschheim, 13th August 2014 © 2014 Wirecard AG 1
Slide 2: Content
Content 1. Key Figures H1 2014 / Highlights YTD 2. Products and Solutions 3. Growth Drivers, Strategy and Outlook 4. Financial Data © 2014 Wirecard AG 2
Slide 3: 1. Key Figures H1 / Highlights YTD
1. Kennzahlen / Highlights 2012 1. Key Figures H1 / Highlights YTD
Slide 4: Key Figures first half of fiscal 2014
Key Figures H1 2014 / Highlights YTD Key Figures first half of fiscal 2014 6M 2014 6M 2013 Change Transaction Volume EUR bn 15.5 12.1 28% Revenues EUR mn 268.8 216.1 24% EBITDA EUR mn 75.0 56.2 33% EBIT EUR mn 56.3 44.7 26% Earnings after taxes EUR mn 44.9 35.5 26% Operating Cash Flow * EUR mn 56.7
Slide 5: Diversified Customer Portfolio – Target Industries
Key Figures H1 2014 / Highlights YTD Diversified Customer Portfolio – Target Industries In the first 6 months of 2014 the transaction volume* amounted to EUR 15.5 billion (+ 28.1% yoy) of which EUR 3.1 billion (20%) was generated in Asia . The allocation as at the end of the 2nd quarter 2014 to the
Slide 6: Operative Highlights YTD
Key Figures H1 2014 / Highlights YTD Operative Highlights YTD La Prairie Group: La Prairie Group AG, a subsidiary of the Beiersdorf Group has engaged Wirecard AG to implement its integrated payment service (payment processing and risk management). Demandware LINK: Wirecard supports international com
Slide 7: Operative Highlights: Products and Solutions
Key Figures H1 2014 / Highlights YTD Operative Highlights: Products and Solutions Quick & Easy Merchant Set-up: Automated Merchant Set-up roll-out on international basis e-commerce merchants can now individually configure their payment solutions with Wirecard’s payment portal: quick & easy sign-up f
Slide 8: Wirecard provides all ingredients for co-branded mobile wallet programs
Key Figures H1 2014 / Highlights YTD Wirecard provides all ingredients for co-branded mobile wallet programs (white-label) © 2014 Wirecard AG 8
Slide 9: Wirecard ePOS concept: Customer-controlled checkout
Key Figures H1 2014 / Highlights YTD Wirecard ePOS concept: Customer-controlled checkout The customer uses the merchant´s application and is checked in at the retailer using Bluetooth (BLE) on Customer scans the No more queuing the mobile phone goods using the app at the check-out Loyalty points and
Slide 10: 2. Products and Solutions
wirecard 2. Products and Solutions
Slide 11: Internet technologies are driving innovations
Products and Solutions Internet technologies are driving innovations © 2014 Wirecard AG 11
Slide 12: More than 17,000 merchants
Products and Solutions More than 17,000 merchants © 2014 Wirecard AG 12
Slide 13: 3. Growth Drivers, Strategy and Outlook
3. Growth Drivers, Strategy and Outlook
Slide 14: New trends drive the e-commerce market
Growth Drivers, Strategy and Outlook New trends drive the e-commerce market $4.7 trillion by 2019, up from just over $2.5 trillion this year: The annual transaction value of online, mobile and contactless payments. (Juniper Research, June 2014) Global e-commerce will continue to witness growth in 20
Slide 15: Issuing and Mobile Services
Growth Drivers, Strategy and Outlook Issuing and Mobile Services 1.4 million contactless acceptance points in Europe. (Visa Europe April, 2014) According to Mastercard (all) 600,000 terminals in Germany shall be replaced by NFC enabled devices (currently 30,000) by January 2018. (Handelsblatt July 1
Slide 16: Outlook
Growth Drivers, Strategy and Outlook Outlook FY 2014: The Management Board has specified the previous forecast of EUR 160 to 175 million, to a more precise EBITDA outlook of between EUR 163 to 175 million Forecast based on: European e-commerce market growth ~12% Increase in transaction volume proces
Slide 17: 4. Financial Data
wirecard 4. Financial Data
Slide 18: Key Figures 6M 2014 / 6M 2013
Financial Data Key Figures 6M 2014 / 6M 2013 in kEUR 6M 2014 6M 2013 Change Revenues 268,815 216,147 24% EBITDA 74,953 56,241 33% EBIT 56,322 44,652 26% Taxes 8,664 6,931 25% Profit after Taxes 44,862 35,543 26% EPS (undiluted) in EUR 0.37 0.32 16% Operating cash flow* 56,710 41,481 37% Shareholders
Slide 19: Revenues, Costs & EBITDA Growth 6M 2013 / 2014
Financial Data Revenues, Costs & EBITDA Growth 6M 2013 / 2014 in kEUR 300,000 + 24.4% 6M 2013 6M 2014 250,000 + 21.2% 200,000 150,000 + 33.3% 100,000 50,000 216,147 268,815 159,905 193,863 56,241 74,953 0 Revenues Cost of materials incr./decr. of EBITDA invent. and own work capitalized, personnel ex
Slide 20: Development Acquiring & Issuing Segment 6M 2014
Financial Data Development Acquiring & Issuing Segment 6M 2014 in kEUR 6M 2014 Revenues EBITDA Acquiring & Issuing Segment 96,773 15,996 Acquiring 76,390 10,175 Issuing 20,383 5,821 © 2014 Wirecard AG 20
Slide 21: Consolidated Income Statement 6M 2014 / 2013
Financial Data Consolidated Income Statement 6M 2014 / 2013 in kEUR 6M 2014 of revenues 6M 2013 of revenues Revenues 268,815 216,147 Own work capitalized 11,787 8,735 Cost of materials -153,233 57.0% -128,173 59.3% Personnel expenses -30,705 11.4% -22,811 10.6% Other operating expenses -24,078 9.0%
Slide 22: Income taxes 2014 / 2013
Financial Data Income taxes 2014 / 2013 in kEUR 6M 2014 of earnings before 6M 2013 of earnings before taxes taxes Earnings before taxes 53,526 42,474 Taxes on income and profit -8,664 16.2% -6,931 16.3% thereof impact from deferred taxes * -951 1.8% -874 2.1% thereof taxes to be paid -7,713 14.4% -6
Slide 23: Balance Sheet as of 30 June 2014 / 31 December 2013
Financial Data Balance Sheet as of 30 June 2014 / 31 December 2013 Assets in kEUR 30.06.2014 31.12.2013 Equity and liabilities in kEUR 30.06.2014 31.12.2013 Non-current assets 670,821 591,057 Shareholders´ equity 1,003,207 608,411 Goodwill 170,683 145,795 Liabilities 768,487 822,108 Deferred tax ass
Slide 24: 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 25: Contact Wirecard AG
Contact Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany Investor Relations Iris Stöckl [email protected] T: + 49 (0) 89 4424 1424