Wirecard Ag · HAM:WDI
Wirecard — Q3 2011 Earnings Presentation
23 slides from Wirecard's earnings presentation, November 2011
Slide 1: Wirecard AG – Investor Presentation, Results 3rd Quarter of Fiscal 2011
Wirecard AG – Investor Presentation Results 3rd Quarter of Fiscal 2011
Slide 2: Agenda
Agenda 1 2 3 Financial Data © 2011 Wirecard AG 2
Slide 3: Key Figures: 9 Months Results of Fiscal 2011/2010
Key Figures 9 Months Results of Fiscal 2011/2010 9M/2011 9M/2010 Change in % Results Revenues EUR mn 232.4 194.7 +19% EBITDA EUR mn 58.6 52.7 +11% EBITDA EUR mn 63.8 52.7 +21% without one- offs Earnings after taxes EUR mn 42.3 40.5 +4% Cash flow from EUR 44.1 38.5 +15% operating activities
Slide 4: The Company: Key Figures
The Company Key Figures > 12,000 corporate customers from various industries < 500 employees 120 transaction currencies 85 payment and risk management solutions 11.2 billion euros in transaction volume as at September 30, 2011 © 2011 Wirecard AG 4
Slide 5: Highlights of the last 9 months 2011
The Company Highlights of the last 9 months 2011 Unchanged positive development on new customer gains, such as Berner Group, QVC Italy, SISTIC, airberlin, MEDION, BAUKING, Lekkerland Online Sustainable cross- and up-selling of products and services into existing customer base, such as Villeroy &
Slide 6: Wirecard Group's services
Products and solutions Wirecard Group’s services Online payment services Support of all major global payment methods Wirecard Bank is a Member of Visa, MasterCard, licensed acquirer for Acquiring services Discover/Diners, China UnionPay, JCB Collection of a variety of alternative payment solutions s
Slide 7: How to connect – implementation options
Products and solutions How to connect – implementation options Wirecard offers Merchants a wide range of options to connect to its platform: Hosted Payment Page Virtual Terminal PoS Terminal Real time Payment & Risk Transaction Processing, Application Programming Interfaces (APIs)/ Software
Slide 8: 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 platform
Slide 9: Diversified Customer Portfolio – Various Industries
The Company Diversified Customer Portfolio – Various Industries After 9 months 2011 the transaction volume* amounted to EUR 11.2 billion (+23% yoy) and is allocated as at the end of the 3rd quarter 2011 to the individual target industry segments as follows: Transaction Volumes TRAVEL & TOURISM CONSU
Slide 10: Stock Performance YTD 2011
Wirecard Stock Stock Performance YTD 2011 Q3 % 130 Wirecard AG, indexed TecDAX, indexed 120 ISIN DE0007472060 WKN 747206 110 Ticker Symbol WDI Market Segment Prime Standard Index TecDAX 100 Number of Shares 101,803,139 Year High 2011 EUR 13.28 90 Year Low 2011 EUR 9.43 Closing Price (Xetra) EUR 11.5
Slide 11: Shareholder Structure | November 2011
Wirecard Stock Shareholder Structure | November 2011 MB Beteiligungsgesellschaft mbH 7.6 % (DE) *Jupiter Asset Management Limited 6.26 % (UK) *Alken Fund SICAV 5 % (LU) *Wasatch Holdings Inc. 3.1 % (US) *92.40% *Columbia Wanger AM LLC Freefloat 3.08 % (US) *Ameriprise Financial, Inc. 3.04 % (US) *Fr
Slide 12: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers and Trends 2011 3 Financial Data © 2011 Wirecard AG 12
Slide 13: 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 14: 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 relationships by providing new payment- and risk management solutions To continually add int
Slide 15: Card issuing platform – support for multiple card types
Products and solutions Card issuing platform – support for multiple card types Consumer Payment Co-branded consumer Closed loop card B2B card solutions Cards payment cards solutions Easy and flexible Loyality by bonus Card solutions in Standardized real time accordance with the EU payments worldwide
Slide 16: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers and Trends 2011 3 Financial Data © 2011 Wirecard AG 16
Slide 17: Key Figures 9 Months 2010/2011
Financial Data Key Figures 9 Months 2010/2011 in TEUR 9M/2011 9M/2010 Revenues 232,369 194,704 EBITDA 58,578 52,704 EBIT 52,730 48,522 Taxes 9,304 7,513 Profit after Taxes 42,313 40,548 EPS* 0.42 0.40 Operating Cash flow** 44,117 38,493 Shareholders’ Equity 321,977 276,365 Total Equity and Liabiliti
Slide 18: Revenues, Costs and EBITDA Growth 3rd Quarter 2010/2011
Financial Data Revenues, Costs and EBITDA Growth 3rd Quarter 2010/2011 in TEUR 100,000 +19.2% Q3 2010 Q3 2011 80,000 84,497 +18.5% 70,859 60,000 61,268 51,701 40,000 +21.2% 20,000 23,229 19,158 0,000 Revenues Cost of materials EBITDA Incr./Decr. of invent. and own work capitalized Personnel expenses
Slide 19: Consolidated Income Statement 3rd Quarter 2010/2011
Financial Data Consolidated Income Statement 3rd Quarter 2010/2011 of of in TEUR Q3/2011 Sales Q3/2010 Sales Revenues 84,497 70,859 Own work capitalized 1,836 1,625 Cost of materials (49,859) (59%) (40,638) (57%) Personnel expenses (6,717) (8%) (7,047) (10%) Other operating expenses (6,923) (8%) (6,
Slide 20: Financial comments 9 Months 2011/2010
Financial Data Financial comments 9 Months 2011/2010 Income tax expenses 2010/2011 in % of profit in % of profit in TEUR 9M/2011 before taxes 9M/2010 before taxes Earnings before taxes 51,617 48,061 Taxes on income and profit 9,304 18.0% 7,513 15.6% thereof impact from deferred taxes from other defe
Slide 21: Balance Sheet as of September 30, 2011 / Dec. 31, 2010
Financial Data Balance Sheet as of September 30th, 2011 / Dec. 31, 2010 EQUITY AND ASSETS 09/30/2011 12/31/2010 09/30/2011 12/31/2010 LIABILITIES SHAREHOLDERS´ NON-CURRENT ASSETS 241,102 235,224 321,977 289,844 EQUITY - Goodwill 111,851 101,340 LIABILITIES 276,102 260,015 - Deferred tax assets 1,438
Slide 22: 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 23: Contact
Contact Wirecard AG Einsteinring 35 85609 Aschheim / Munich Germany Investor Relations Iris Stöckl [email protected] T: +49 (0) 89 4424 1424