Wirecard Ag · HAM:WDI
Wirecard — H1 2010 Earnings Presentation
28 slides from Wirecard's earnings presentation, Aug 18, 2010
Slide 1: Wirecard AG – Investor Presentation, results 6 months of fiscal 2010
Wirecard AG – Investor Presentation results 6 months of fiscal 2010
Slide 2: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2010 3 Financial Data © 2010 Wirecard AG 2
Slide 3: Results 6 Months of Fiscal 2010 / 2009
Results 6 Months of Fiscal 2010 / 2009 6M 2010 6M 2009 Change in % Results 6 Months Revenues EUR mn 123.8 103.6 20% EBITDA EUR mn 33.5 27.4 22% EBIT EUR mn 30.9 25.6 21% Earning after taxes EUR mn 26 8 26.8 20 3 20.3 32% Cash flow (adjusted) EUR mn 26.4 22.2 19% Earnings per share (dilut
Slide 4: Highlights 6 Months of 2010
Company Highlights 6 Months of 2010 Various new customer relationships, e.g. redcoon (Online specialist discounter for electrical and electronic appliances), Channel21 (Germany’s third largest tele-shopping TV station), ) Transhotel (One (O off the largest European B2B hotel platforms), f ) L’TUR
Slide 5: Key Figures
Company Key Figures > 11,000 corporate customers from various industries 500 employees l 120 transaction currencies 85 payment and risk management solutions 5,8 billion euros in transaction volume (as at June 30, 2010) © 2010 Wirecard AG 5
Slide 6: Integrated Business Model
Company Integrated Business Model Merchant Payment Service Provider (PSP) Bank Services Payment Processing Acquiring and Issuing Risk Management Corporate and private (Fraud Prevention, Credit bank accounts Rating, Data Cleansing) Acquiring Banks & Banking /Financial Online Banking Issuing
Slide 7: Products and Services
Company Products and Services Credit Card Acquiring Wirecard Bank Principal Member of Visa, MasterCard / licensed acquirer for Diners, Discover and JCB Funds Transfer SWIFT, SEPA, IZV/AZV and domestic direct debit via Wirecard Bank Payment Processing Support of all major inter-/ national payment met
Slide 8: Unique Approach: Software technology meets banking products
Company Unique Approach Software technology meets banking products Software Business Process Outsourcing (BPO) “electronic payments“ as a basis Payment gateway (incl. risk management) combined with acquiring/banking services as a package International All services via a single platform service o
Slide 9: Diversified Customer Portfolio – Various Industries
Company Diversified Customer Portfolio – Various Industries In the 1st half year of 2010 the transaction volume* amounted to 5.8 billion euros (+23% yoy) and is allocated as at the end of the 2nd quarter 2010 to the individual target industry segments as follows: * Transaction volume in connection w
Slide 10: Stock Performance
Wirecard Stock Stock Performance ISIN DE0007472060 WKN 747206 Ticker c e Symbol Sy bo WDI Market Segment Prime Standard Index TecDAX Number of Shares 101,803,139 Y Year Hi h 2010 High 10 25 EUR 10.25 Year Low 2010 5.07 EUR Closing Price (Xetra) 8.48 EUR 17.08.2010 Market Cap. 863 mn EUR 17.08.2010 ©
Slide 11: Shareholder Structure | August 2010
Wirecard Stock Shareholder Structure | August 2010 MB Beteiligungsgesellschaft mbH 7.60% (DE) Jupiter J it AAssett Management M t Limited Li it d 6.26% (UK) International Value Advisers, LLC 5.01% (US) Alken Fund SICAV (formerly Vauban Fund SICAV) 5.00% (LU) 92.40% Artisan Partners 4.97% (US) Free f
Slide 12: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2010 3 Financial Data © 2010 Wirecard AG 12
Slide 13: Growth of European eCommerce to continue
Growth Drivers Growth of European eCommerce to continue Consumer Goods Year-on-year growth of ~11% 2009 to 2014 within 17 European countries (Forrester) In 2010, Europe‘s B2C-online commerce volume is expected to reach 150 bn euros. 60% of revenues in German mail-order segment are being generate
Slide 14: eCommerce- and Outsourcing-Market
Growth Drivers eCommerce- and Outsourcing-Market eCommerce The Internet has become established as a distribution channel worldwide. Nearlyy 2 billion p p worldwide with access to the Internet. (Internet WorldStats, June 2010) people 11% to 13% Annual growth of the overall European eCommerce mark
Slide 15: Key Operative Measures
Wirecard Strategy Key Operative Measures Cross-/ Up-Selling potential in current customer portfolio Up-selling of risk management, banking services and card products Additional revenues from interest income or currency and cash management for merchants New Customers by direct sales and partners
Slide 16: Innovative Technologies
Market Trends Innovative Technologies Prepaid Cards Circulation of Visa and MasterCard debit cards accelerating throughout Europe Advantages for merchants and consumers Access to electronic payments open for all consumers without credit rating Through strategic cooperation with Lekkerland, Wirec
Slide 17: Strategy and Objectives: Guidance 2010
Outlook 2010 Strategy and Objectives Guidance 2010: EBITDA between EUR 70 to 75 mn Strategic Objectives Growth strategy relying on organic growth in our target markets of Europe and Asia. Product development measures coordinated in accordance with our existing product lines: card-based payment m
Slide 18: Agenda
Agenda 1 Results, Company and Stock 2 Growth Drivers, Trends and Outlook 2010 3 Financial Data © 2010 Wirecard AG 18
Slide 19: Key Figures Half Year 2009/2010
Financial Data Key Figures Half Year 2009/2010 In TEUR Half Year Half Year Change in % 2009 2010 Sales revenues 103 630 103,630 123 845 123,845 +20% EBITDA 27,397 33,546 +22% EBIT 25,560 30,866 +21% Profit after Taxes 20,258 26,776 +32% EPS* 0.20 0.26 +30% Operating Cash flow** 22,207 26,408 +19% Sh
Slide 20: Sales, Costs and EBIT Growth Half Year 2009/2010
Financial Data Sales, Costs and EBIT Growth Half Year 2009/2010 150,000 +20% 6M 2009 6M 2010 125,000 123,845 +18% 100,000 103,630 75 000 75,000 90 299 90,299 76,233 +22% 50,000 25,000 33,546 27 397 27,397 0,000 Sales Cost of materials EBITDA Incr./Decr. of invent. and own work capitalized Personnel
Slide 21: Consolidated Income Statement Half Year 2009/2010
Financial Data Consolidated Income Statement Half Year 2009/2010 in TEUR Half Year of Half Year of 2009 Sales 2010 Sales Sales 103 630 103,630 123 845 123,845 Own work capitalized 2,217 2,531 Cost of materials (57,870) 56% (67,137) 54% Personnel expenses (12,743) 12% (14,218) 11% Depreciation (1,836
Slide 22: Financial comments
Financial Data Financial comments Income tax expenses Half Year 2009/2010 Additional to the impact from the actual income tax expenses the income taxes were influenced by the deferred tax expenses: in TEUR Half a Year ea in % of profit Half a Year ea in % of profit 2009 before taxes 2010 before taxe
Slide 23: Companies per operational areas
Financial Data Companies per operational areas Payment Processing & Risk Management (PP&RM) Wirecard AG Wirecard Technologies AG Wirecard (Gibraltar) Ltd. Wirecard Payment Solutions Holdings Ltd. Click2Pay GmbH Wirecard Retail Services GmbH Pro Card Kartensysteme GmbH Qenta paymentso
Slide 24: Sales per operating divisions Half Year 2009/2010
Financial Data Sales per operating divisions Half Year 2009/2010 175,000 169,634 150,000 , 131 771 131,771 123,845 125,000 116,529 103,630 100,000 98,339 75,000 50 720 50,720 50,000 31,191 25,000 2,241 2,385 0,000 -25,000 (28 141) (28,141) (45,789) -50,000 Payment Acquiring & Call Center & Sales bef
Slide 25: EBITDA per operating divisions Half Year 2009/2010
Financial Data EBITDA per operating divisions Half Year 2009/2010 50,000 40,000 33,546 33,546 30,000 27,397 27,397 20,931 20,000 18,792 12,509 10,000 8,581 24 106 0 0 0,000 Payment Acquiring & Call Center & EBITDA before Consolidation EBITDA -10,000 10 000 Processing & Risk Issuing Communication Con
Slide 26: Balance Sheet as of June 30, 2010 / December 31, 2009
Financial Data Balance Sheet as of June 30, 2010 / December 31, 2009 EQUITY AND ASSETS 12/31/2009 06/30/2010 12/31/2009 06/30/2010 LIABILITIES NON CURRENT ASSETS NON-CURRENT 185 373 185,373 235 152 235,152 SHAREHOLDERS´ EQUITY SHAREHOLDERS 244 882 244,882 262 720 262,720 - Goodwill 90,289 101,340 LI
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
Slide 28: Contact
Contact Wirecard AG Bretonischer Ring 4 85630 Grasbrunn/Munich Germany IR Contact Iris Stöckl [email protected] Phone: +49 89 4424 1424