Wirecard Ag · HAM:WDI
Wirecard — H1 2013 Earnings Presentation
24 slides from Wirecard's earnings presentation, Aug 14, 2013
Slide 1: Wirecard AG Half Year Results 2013 Investor Presentation
Wirecard AG Half Year Results 2013 Investor Presentation Aschheim, August 14, 2013 © 2013 Wirecard AG 1
Slide 2: Content
Content 1. Key Figures / Highlights H1 fiscal 2013 2. Products and Solutions 3. Growth Drivers, Strategy and Outlook 4. Financial Data © 2013 Wirecard AG 2
Slide 3: 1. Key Figures / Highlights H1 fiscal 2013
1. Key Figures / Highlights H1 fiscal 2013 © 2013 Wirecard AG 3
Slide 4: Key Figures H1 2013
Key Figures / Highlights H1 fiscal 2013 Key Figures H1 2013 6M 2013 6M 2012 Change in % Results Transaction volume EUR bn 12.1 9.4 +29% Revenues EUR mn 216.1 177.9 +22% EBITDA EUR mn 56.2 49.4 +14% EBIT EUR mn 44.7 41.7 +7% Profit after taxes EUR mn 35.5 32.5 +9% Dividend The Company's AGM of 20 Jun
Slide 5: Diversified Customer Portfolio – Target Industries
Key Figures / Highlights H1 fiscal 2013 Diversified Customer Portfolio – Target Industries In the first half year in 2013 the transaction volume* amounted to EUR 12.1 billion (+ 28.7% yoy). Of this figure, EUR 1.8 billion (~15.0%) was generated in Asia. The allocation as at the end of the 2nd quarte
Slide 6: Operational Highlights H1 2013
Key Figures / Highlights H1 fiscal 2013 Operational Highlights H1 2013 Wirecard AG continued its operational growth with existing and new customers. At the same time the company further extended its international network of cooperation and distribution partners. Vodafone Group: Partnership with
Slide 7: 2. Products and Solutions
2. Products and Solutions
Slide 8: Products and Solutions
Products and Solutions © 2013 Wirecard AG 8
Slide 9: Products and Solutions
Products and Solutions © 2013 Wirecard AG 9
Slide 10: Wirecard provides all ingredients for co-branded mobile wallet programs (white-label)
Products and Solutions Wirecard provides all ingredients for co-branded mobile wallet programs (white-label) FINANCIAL Wirecard Bank AG / Co-Brand / 3rd Party Wirecard Card Solutions Ltd. SERVICES LICENSE Wirecard Co-Brand / 3rd Party CARD ISSUER MasterCard/VISA issuing license Call centre / Mobile
Slide 11: 3. Growth Drivers, Strategy and Outlook
3. Growth Drivers, Strategy and Outlook © 2013 Wirecard AG 11
Slide 12: Online, offline, mobile commerce are converging – mobile internet use to accelerate
Growth Drivers, Strategy and Outlook Online, offline, mobile commerce are converging – mobile internet use to accelerate Growth in European online retail: by ~11% - 12% yoy average from 2011 to 2017 (EU-17 states) (Forrester 2013) European online travel market to grow by ~7% yoy (2013 to 2014) (Ph
Slide 13: New Business Field: Mobile Payment
Growth Drivers, Strategy and Outlook New Business Field: Mobile Payment Mobile commerce to grow by 10.6% yoy average through to 2018 as a result of the spread of smartphones and tablets (Frost & Sullivan 2013) New solutions (prepaid- or online-based or mobile or contactless payments) increase th
Slide 14: Outlook
Growth Drivers, Strategy and Outlook Outlook Fiscal Year 2013: EBITDA of between EUR 120 to 130 million (taking investments for mobile payment business into account: EUR 25 million) Guidance based on: Basic growth along with the European eCommerce market acceleration by ~11% - 12% Increase of th
Slide 15: 4. Financial Data
4. Financial Data
Slide 16: Key Figures 6M 2013 / 6M 2012
Financial Data Key Figures 6M 2013 / 6M 2012 in EUR K 6M 2013 6M 2012 Change in % Revenues 216,147 177,897 +22% EBITDA 56,241 49,369 +14% EBIT 44,652 41,746 +7% Profit after Taxes 35,543 32,491 +9% Operating cash flow* 41,481 41,972 -1% Shareholders’ equity 564,150 500,020 +13% Total equity and liab
Slide 17: Revenues, Costs & EBITDA Growth 6 Months 2013/2012
Financial Data Revenues, Costs & EBITDA Growth 6 Months 2013/2012 in EUR K 300,000 6 Months 2012 incl. investments for mobile payment business 250,000 + 21.5 % 6 Months 2013 incl. investments for mobile payment business + 24.4 % 200,000 216,147 177,897 150,000 159,906* + 13.9 % 128,528 100,000 50,00
Slide 18: Revenues, Costs & EBITDA Growth 6 Months 2013/2012 (adjusted)
Financial Data Revenues, Costs & EBITDA Growth 6 Months 2013/2012 in EUR K Adjusted Mobile Payment expenses 300,000 6 Months 2012 excl. investments for mobile payment business 250,000 + 21.5 % 6 Months 2013 excl. investments for mobile payment business + 20.9 % 200,000 216,147 177,897 150,000 155,40
Slide 19: Development Acquiring & Issuing Segment 6M 2013 / 6M 2012
Financial Data Development Acquiring & Issuing Segment 6M 2013 / 6M 2012 in EUR K Revenues EBITDA 6M 2013 6M 2012 Change in % 6M 2013 6M 2012 Change in % Acquiring & Issuing Segment 83,240 66,814 +25% 15,222 12,220 +25% Acquiring 64,690 51,231 +26% 8,547 7,232 +18% Issuing 18,550 15,583 +19% 6,675 4
Slide 20: Consolidated Income Statement 6M 2013 / 6M 2012
Financial Data Consolidated Income Statement 6M 2013 / 6M 2012 in EUR K 6M 2013* of revenues 6M 2012 of revenues Revenues 216,147 177,897 Own work capitalized 8,735 4,181 Cost of materials (128,173) (59.3%) (102,517) (57.6%) Personnel expenses (22,811) (10.6%) (17,845) (10.0%) Other operating expens
Slide 21: Taxes on Income 6M 2013 / 6M 2012
Financial Data Taxes on Income 6M 2013 / 6M 2012 in EUR K 6M 2013 in % of earnings 6M 2012 in % of earnings before taxes before taxes Earnings before taxes 42,474 40,481 Taxes on income and profit (6,931) (16.3%) (7,990) (19.7%) thereof impact from deferred taxes (874) (864) thereof actual income ta
Slide 22: Balance Sheet as of June 30, 2013 / December 31, 2012
Financial Data Balance Sheet as of June 30, 2013 / December 31, 2012 in EUR K Assets 06/30/2013 12/31/2012 Equity and liabilities 06/30/2013 12/31/2012 Non-currrent assets 511,911 459,874 Shareholders’ equity 564,150 541,730 Goodwill 142,710 142,149 Liabilities 627,553 586,154 Deferred tax assets 72
Slide 23: 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 24: Contact
Contact Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany Investor Relations Iris Stöckl [email protected] T: + 49 (0) 89 4424 1424 © 2013 Wirecard AG 24