Q2 2023 Results

Harold Goddijn - CEO

Taco Titulaer - CFO

17 July 2023

Operational highlights for the quarter

  • Good performance of our Location Technology business, showing continuing momentum and growth
  • A deepening of our relationship with Alteryx, with the company now integrating TomTom location data and Maps APIs into its new cloud- based analytics solution
  • Progress with the roll-out of new maps according to schedule, as they were delivered to selected partners for testing and validation
  • The release of the core technical specifications underlying the Overture
    Maps Foundation's data sets, furthering our goal of establishing an open standard for base map data

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Financial highlights for the quarter

  • Group revenue of €157m (up from €133m in Q2 '22)
  • Location Technology revenue of €128m (up from €105m in Q2 '22)
  • Automotive operational revenue of €90m (up from €71m in Q2 '22)
  • Free cash flow1 of €3m (improved from €0m in Q2 '22)
  • Net cash of €316m (up from €304m at the end of Q4 '22)

1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022

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Outlook 2023

Updated

Previous

Outlook

Outlook

Actual

in € million

2023

2023

2022

Group

570 - 600

540 - 580

536

revenue

Location Technology

480 - 505

455 - 485

436

revenue

FCF1 as % of

Around +5%

0% - +5%

-5%

Group revenue

1 Free cash flow excludes restructuring charges related to the Maps realignment announced in June 2022

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Thank you

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TomTom NV published this content on 18 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2023 07:38:06 UTC.