TomTom Reports Third Quarter 2017 Results

Automotive & Licensing combined revenue in the quarter was €81 million (Q3 '16: €66 million). Automotive generated revenue of €47 million in the quarter, representing a 51% increase year on year. This increase mainly came from the ramp-up of a new contract that went live last year. Licensing revenue in Q3 '17 remained flat at €34 million compared with the same quarter last year.

In the quarter, we announced that Daimler selected TomTom Maps for its Mercedes infotainment platform, in a range of the automaker’s A, C, B and E-class vehicles for the North American market. The new contract marks the strengthening of the relationship with Daimler, after the announcement of the TomTom Traffic deal for Europe, North America and Africa in March 2017.

During this year’s IAA Frankfurt, we announced that our products are now available in the Peugeot 5008 SUV, through the new generation of Peugeot i-Cockpit®, the in-vehicle infotainment and control system with TomTom navigation.

We also announced at the IAA Frankfurt that we are working with Renault on the SYMBIOZ autonomous driving programme by providing the TomTom HD Map with RoadDNA, as well as engineering support and other products and services.

In the quarter, TomTom EV Service was launched which has been developed to assist drivers in making informed decisions about when and where to charge their vehicles. The real-time availability information is sourced from market leaders in EV charging locations and then integrated with the TomTom Map. The service will initially be available in Europe, with a geo-expansion planned to North America early next year. After this expansion, TomTom EV Service will list 35,000+ charging stations with real-time availability information, globally.

Our Traffic service is now available in 68 countries, after the expansion to four new countries - Egypt, Morocco, Macau and Iceland.

We have also announced that TomTom Traffic is increasingly providing Lane-Level traffic information, a feature that is critical for Autonomous Driving. Already able to detect traffic on different lanes at junctions, TomTom Traffic can now also differentiate between traffic flow on High Occupancy Vehicles (HOV) lanes and regular lanes.

Licensing announced collaborations with Sony, TripAdvisor and Michelin. TomTom Online Routing API is providing advanced routing technology to Sony, which is currently beta testing a biking navigation device (Future Lab Program N) for users in the San Francisco Bay Area. By leveraging on the geocoding capabilities of the TomTom Online Search API, TripAdvisor will be able to access TomTom’s precise global address data, capable of handling millions of requests daily. TomTom Online APIs and map data will power Michelin’s new mobile application specifically tailored for oversized vehicles called Michelin RoadConnect. The new service will employ our location technology to enable truck drivers to identify suitable routes and improve mobility.

Telematics

                         
(€ in millions, unless stated otherwise)   Q3 '17   Q3 '16  

y.o.y.
change

  YTD '17   YTD '16  

y.o.y.
change 1

                         
Subscriptions   31.6   29.4   7%   93.6   87.5   7%
Hardware and other services²   7.8   7.1   10%   26.5   26.0   2%
Total Telematics revenue   39.4   36.5   8%   120.1   113.6   6%
                         
Monthly revenue per subscription (€) 13.6 14.6 -7%
Subscriber installed base (# in thousands)   785   671   17%            

1 Change percentages and totals calculated before rounding.

2 Other services revenue comprises installation services and separately purchased traffic service and/or map content.


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