Financial summary Q4 '15

Group revenue of €282 million (Q4 '14: €258 million)
Gross margin of 49% (Q4 '14: 51%)
EBIT margin of 0% (Q4 '14: 1%)
Cash flow from operating activities of €58 million (Q4 '14: €32 million)
Financial summary FY '15

Group revenue of €1,007 million (FY '14: €950 million)
Gross margin of 52% (FY '14: 55%)
EBIT margin of 0% (FY '14: 2%)
Adjusted EPS1 of €0.21 (FY '14: €0.27)
Cash flow from operating activities of €119 million (FY '14: €119 million)
Net cash position of €98 million (Q4 '14: €103 million)
Operational summary

Consumer shipped over 600,000 GPS sport watches in the year
Automotive bookings exceeded €300 million in 2015
Multi-year agreement with Uber announced to provide worldwide maps and traffic data
New map-making platform is live
Telematics acquired Finder, leading fleet management service provider in Poland
Outlook 2016

Revenue to grow to around €1,050 million
Adjusted EPS1 to grow by around 10% to €0.23

1 Earnings per fully diluted share count adjusted for acquisition-related amortisation & gain on a post-tax basis.

TomTom's Chief Executive Officer, Harold Goddijn

"We delivered top-line growth in 2015, for the first time in five years. The weakening of the euro in combination with higher investments in our core technologies affected our profitability negatively in 2015. As a result, our EBIT for the year was at break-even. The net result for 2015 was €18 million, which translates to adjusted earnings per share of €0.21.

Consumer continued to make further inroads in establishing a multi-product consumer business with GPS sport watches and action cameras. Automotive broke the 2014 record of new bookings, Licensing delivered strong growth through existing and new customers and Telematics saw continued strong growth in installed base and recurring revenue.

We made substantial progress with our core technologies across the group. We completed the move to our new map-making platform this year. This platform is the first of its kind in the industry and a leap forward in map-making technologies. We have integrated the NDS map format into our navigation software on device-based and server-based navigation applications and we continued to increase our market share in traffic, increasing our global coverage and enhancing our traffic services.

Our skills and expertise in location data and technologies give us confidence that TomTom is well positioned to capture on growing opportunities in the area of Autonomous Driving, Connected Car, Fleet Management services and Consumer Wearables."

Key figures
(€ in millions, unless stated otherwise) Q4 '15 Q4 '14 y.o.y.
change
FY '15 FY '14 y.o.y.
change
Consumer 175.9 172.1 2% 623.6 619.1 1%
Automotive 30.3 23.6 28% 105.9 109.4 –3%
Licensing 39.3 31.6 24% 142.1 111.6 27%
Telematics 37.0 31.1 19% 135.0 110.2 22%
REVENUE 282.5 258.4 9% 1,006.6 950.3 6%
GROSS RESULT 139.0 132.9 5% 518.5 523.3 –1%
Gross margin 49% 51% 52% 55%
EBITDA 41.7 28.2 48% 123.7 135.8 –9%
EBITDA margin 15% 11% 12% 14%
OPERATING RESULT (EBIT) 0.2 1.5 0.6 21.1
EBIT margin 0% 1% 0% 2%
NET RESULT 20.9 0.5 18.3 22.7 –19%
ADJUSTED NET RESULT 23.1 9.7 49.6 60.3 –18%
DATA PER SHARE (in €)
EPS - fully diluted 0.09 0.00 0.08 0.10 –22%
Adjusted EPS1
- fully diluted 0.10 0.04 0.21 0.27 –20%
Change percentages are based on non-rounded figures

OUTLOOK 2016
In 2016, we plan for revenue to grow to around €1,050 million. Adjusted EPS1
is expected to grow by around 10% to €0.23.
We expect the level of investment (both CAPEX and OPEX) in our core technologies to be higher than last year. In particular, we are
investing in advanced content and software for the automotive industry (e.g. to enable Autonomous Driving) and in our new map-making
platform.

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tijd 09.09
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