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Press releases

Carolin Treichl
Carolin Treichl

Executive Vice President Marketing & Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria

carolin.treichl@kapsch.net
Sandra Bijelic
Sandra Bijelic

Head of Corporate Communications
Kapsch TrafficCom AG
Am Europlatz 2, 1120 Vienna, Austria

sandra.bijelic@kapsch.net
Press Material

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16. June 2015
Kapsch TrafficCom reports clear improvement in profits in fiscal year 2014/15.
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25. February 2015
Kapsch TrafficCom sets a course for higher profitability and growth.

2014/15 Q1-Q3: 1 April – 31 December 2014 2014/15 Q1-Q3 +/- % 2013/14 Q1-Q3 Revenues (in million EUR) 349.5      -2% 355.0 EBIT (in million EUR)   23.7 +178%      8.6 Profit for the period (in million EUR)    1.0 -    -1.3 Vienna, February 25, 2015 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, experienced stable business developments in the first three quarters with existing installation and operation projects. The Kapsch TrafficCom Group was also able to obtain a number of new orders in Australia during the third quarter, although new major orders – upon which the innovation and growth plans are based – remained elusive due to the lack of corresponding invitations to tender. The group-wide Agenda 2020, which lays out the organizational and strategic plans for a future growth course, has already contributed to an EBIT improvement during the current reporting period. Financial position. The revenue of the Kapsch TrafficCom Group during the first three quarters of the 2014/15 fiscal year was EUR 349.5 million, slightly below the previous year’s value of EUR 355.0 million. In the segment Services, System Extensions, Components Sales (SEC), the operation projects in Belarus and South Africa that began in the previous year were instrumental in enabling an increase of 12.1%. In the segment Road Solution Projects (RSP), however, the decline in revenue by 43.1% reflects the advanced stage of the existing large installation projects and the lack of new major projects. For this reason, the EBIT of the segment RSP remained negative at EUR -37.4 million, and it was not possible to cover the expenses for development work and preparations for potential tenders. The fact that the EBIT at the Group level nevertheless increased by an impressive 177.5% to EUR 23.7 million is due – in addition to the one-time effects at mid-year – to the two additional operation projects as well as the initial successes of the realized cost reductions. As in the first two quarters of the fiscal year, Kapsch TrafficCom Group was forced again in the third quarter to record an impairment of the stake in Q-Free ASA. The total impairments in the first three quarters of 2014/15 amounted to EUR 18.5 million. The profit for the period, which was negative in the comparison period of the previous year at EUR -1.3 million, only improved to EUR 1.0 million as a result. Due to this circumstance, the profit per share remains negative at EUR -0.36. Overall, the balance sheet of the Kapsch TrafficCom Group reflects a continual improvement in the reporting period. The equity ratio rose from 37.6% to 41.0%, the net debt has been halved since the start of the current fiscal year and cash and cash equivalents reached EUR 94.8 million at the end of the third quarter. The net working capital declined significantly, and Kapsch TrafficCom Group recorded a free cash flow of EUR 59.4 million for the reporting period. These figures also reflect that there are currently no new large installation projects to be financed. Agenda 2020. In consideration of the changed market conditions, the Kapsch TrafficCom Group has developed an intensive, group-wide agenda. This Agenda 2020 is intended to quickly improve the profitability of the existing business while also laying out a long-term growth strategy for the Kapsch TrafficCom Group. All associated measures were identified in recent months and immediately put into action. The key pillars consist of cost savings realized from both material and staff costs alongside a further focusing of the portfolio in the area of intelligent transportation systems (ITS). The initial successes can already be seen in the EBIT for the first three quarters. Outlook. Agenda 2020 will also be reflected in the results for the full 2014/15 fiscal year. On this basis, the executive board hopes to once again distribute dividends, in contrast to the previous year. In the coming 2015/16 fiscal year, Agenda 2020 should enable an EBIT margin of roughly 10%. The Kapsch TrafficCom Group views a cost structure corresponding to the current revenue as the basis for this calculation, although the Group will strive for growth even beyond this level. The next months will be characterized by the continuation of existing projects. The Kapsch TrafficCom Group also expects a further expansion of existing toll systems, such as those in Belarus and Poland. In addition, several new ITS systems are approaching their decision phases, including one large project. The company also looks positively on the increasing attention being given to toll systems within Europe. “Among other indications, the discussion in Germany demonstrates the continued existence of the major trend of financing the maintenance and expansion of infrastructure – an important market driver,” explains Georg Kapsch, CEO of Kapsch TrafficCom AG. Kapsch TrafficCom also remains engaged in active discussions with potential toll system customers and expects these efforts to lead to successes as well. Notification. The reports on the first three quarters of fiscal year 2014/15: English , German

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20. November 2014
Kapsch TrafficCom strives to achieve two-digit EBIT margin by 2015/16 with “Program 2020”.

2014/15 H1: 1 April – 30 September 2014 2014/15 Q1 2013/14 Q1 +/- % Revenues (in million EUR) 237.4 235.9    +1 % EBIT (in million EUR)     17.6     7.6 +132 % Profit for the period (in million EUR)     0.9    -0.7 - Vienna, November 20, 2014 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, reports stable business in the first half of the fiscal year 2014/15. With a slight increase in revenue, it was possible to significantly improve the EBIT, which was also negatively impacted by one-time effects. At the same time, Kapsch TrafficCom announces that it will now quickly implement an intensive set of measures in order to improve profitability over the long term in the face of changed market conditions. The cancellation of the toll tender in Russia highlighted the urgency of this action. Financial position. The revenue of the Kapsch TrafficCom Group increased slightly in the first half of the fiscal year 2014/15 to EUR 237.4 million after EUR 235.9 million in the same period of the previous year. While an increase of 13.9 % was achieved in the segment Services, System Extensions, Components Sales (SEC) especially due to the toll systems in Belarus and South Africa that went into operation in the previous year, revenue fell by 40.2 % in the segment Road Solution Projects (RSP), which includes development services as well as the preparatory work for and the installation of projects. This is primarily due to the advanced level of completion of existing projects and the lack of new large projects. In consequence, the segment RSP recorded an EBIT of EUR -23.7 million after EUR -13.1 million in the same period of the previous year. This result includes a goodwill impairment of EUR 12.3 million, while the release of a provision in the amount of EUR 16.2 million had a positive impact on the profit. The EBIT of the segment SEC increased by 97.1 % to an outstanding EUR 40.2 million. Overall, the EBIT of the Kapsch TrafficCom Group for the first half of 2014/15 was EUR 17.6 million, placing it significantly above the same value of the previous year of EUR 7.6 million. A required impairment to the interest in Q-Free ASA amounting to EUR 12.2 million weighed down the profit for the period, which was nevertheless still positive at EUR 0.9 million (2013/14 H1: EUR -0.7 million). The balance sheet depicts the solid basis of the Kapsch TrafficCom Group. In particular, the repayments in connection with the financing agreement for installation of the toll system in Belarus had a positive impact. The free cash flow, which was negative in the same period of the previous year, amounted to EUR 25.5 million. The net working capital and capital employed were reduced in comparison to 30 September of the previous year. The equity ratio as well as the cash and cash equivalents increased, while the net debt declined by roughly 24 %. Growth strategy. Kapsch TrafficCom is a globally recognized provider of electronic toll systems and a market leader in systems for multi-lane free-flow traffic. In addition, the company has expanded and demonstrated its competence in the area of intelligent transportation systems (ITS). As part of its long-term growth strategy, Kapsch TrafficCom is striving for a two-digit EBIT margin in order to continue innovating and growing. In the last two years, however, new projects have been delayed due to the prevailing economic and political conditions, and several invitations to tender have been postponed or canceled. Furthermore, the demand for large, nationwide toll systems has declined in favor of regional, interurban and modularly designed solutions. The convergence of the ITS market predicted by Kapsch TrafficCom is now already taking place. Kapsch TrafficCom refers here to future intelligent mobility solutions, many elements of which must still be developed, and views itself at player who will help shape this future. Kapsch TrafficCom is now responding to market changes with the rapid implementation of an intensive set of measures intended to quickly improve the earning power of its existing business while also establishing a long-term strategy to ensure a profitable and sustainable future for the Kapsch TrafficCom Group. A variety of measures will be initiated and implemented by the end of the fiscal year 2014/15 under the title of “Program 2020”. These include the plan to achieve an EBIT margin of 10 % in the coming fiscal year 2015/16 on the basis of a cost structure adapted to the current revenue level – with the goal of a further increase in the following year. Kapsch TrafficCom views this as a basis for calculation that is independent of the desired growth. The set of performance improvement measures begun already in March will be continued, but structural and financial adjustments will also be made. During the coming weeks, the planning for the global Kapsch TrafficCom Group will be finalized, and individual measures will be implemented immediately in order to achieve initial results as quickly as possible. Kapsch TrafficCom intends to remain a globally leading provider of intelligent mobility solutions capable of covering the entire value creation chain of its customers. In addition, the company plans to increasingly take advantage of potential synergies within the Kapsch Group in order to offer intermodal and interoperable solutions for individual and public transportation around the world. Outlook. The second half of the fiscal year 2014/15 will be marked by strategic adjustments to changed market conditions. On the operational side, Kapsch TrafficCom will continue to carry out existing projects, such as the expansion of the toll systems in Belarus and Poland. The implementation of the system in Texas should be completed in the next two quarters, and work continues unabated on improving the profit situation in South Africa. Furthermore, Kapsch TrafficCom expects its business to be expanded with new projects. The outstanding results of the first half of the year will also be felt in the results of the entire fiscal year 2014/15, as will the initial effects of the structural measures. For the coming fiscal year 2015/16, Kapsch TrafficCom is striving for a level of profitability based on its Program 2020 that will enable an EBIT margin of 10 % even at current revenue levels. Notification. The report on the first half of fiscal year 2014/15: English , German

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20. August 2014
Kapsch TrafficCom initiated a set of measures to secure its growth strategy in the first quarter of 2014/15.

2014/15 Q1: 1 April – 30 June 2014 2014/15 Q1 +/- % 2013/14 Q1 Revenues (in million EUR) 118.0   -3 % 121.4 EBIT (in million EUR)     0.6 -83 %     3.7 Profit for the period (in million EUR)     0.3 -    -1.0 Vienna, August 20, 2014 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, reports positive project progress in the first quarter of fiscal year 2014/15 with continued success in the ongoing installation and operation projects. However, the forecast market growth still has not materialized, and no new projects arose. In particular, no invitations to tender for major toll projects in Europe are in the immediate vicinity. Kapsch TrafficCom has therefore initiated a set of measures for adapting its growth-oriented organizational structure to this situation. The Kapsch TrafficCom Group continued to enjoy positive developments in its projects during the first quarter of 2014/15. In North America, progress was made in the installation of the toll system in Texas, the first system integrated by Kapsch TrafficCom in this region. In July, the company received a second system order in the U.S.A. for an electronic toll collection system on the New York State Thruway. Kapsch TrafficCom sees great potential for the future in this first system order from a toll agency of the E-ZPass Group. The first expansion stage of the nationwide electronic toll collection system in Belarus has been in operation for one year. At the beginning of August 2014, the system was further increased to 1,189 km. The continued expansion will also lead to another rise in registered vehicles. The nationwide electronic toll collection system in Poland has been in operation for three years. With 2,653 kilometers of toll roads and 1.6 million on-board units (OBUs), it is now the largest toll system of the Kapsch TrafficCom Group. By the year 2018, it should be expanded to 7,000 km. The toll system in the South African Gauteng province also went into operation at the beginning of December 2013. The payment rate remains very low, but the system operation has reached the break-even point in the meantime. However, the project in its entirety is still negative for Kapsch TrafficCom. The company plans to work with the customer to improve the profitability. The invitation to tender for the toll system in Russia has been postponed several times, most recently until 22 September. The realization of the project currently appears uncertain. In view of the disappointed reaction on the capital market, Kapsch TrafficCom emphasizes that this is only one of the group’s potential future projects. Financial position. Within this ambivalent environment, Kapsch TrafficCom Group brought in revenue of EUR 118.0 million during the first quarter of fiscal year 2014/15 after EUR 121.4 million in the same quarter of the previous year, a decline of 2.8 %. The operating result (EBIT) fell from EUR 3.7 million to EUR 0.6 million. This weak result reflects the lack of additional installation projects. At the same time, the company bears the high costs of maintaining international structures and resources and also invests strategically in research and development. A view of the operating projects in isolation clearly shows positive development by the Kapsch TrafficCom Group. The profit for the period, which was previously negative due to currency exchange effects is once again positive during the quarter under report at EUR 0.3 million. The key balance sheet figures were also noticeably improved thanks to the ongoing repayment of the financing for the project in Belarus. The net working capital and net debt are significantly below the comparison values of the previous year, and the free cash flow is once again positive at EUR 32.4 million after EUR -37.2 million in the previous year. Growth strategy. Kapsch TrafficCom continues to expect growth in the market for intelligent transportation systems (ITS) as well as associated changes in the market structure and composition. The toll collection market is currently developing more slowly than predicted, and expected major projects have not materialized. During the quarter under report, the company therefore initiated a comprehensive set of measures to reduce the costs associated with maintaining complex structures and resources in line with the current market development. Kapsch TrafficCom continues to strive for a two-digit EBIT margin in order to focus strongly on continuing its growth strategy. Cost reductions were achieved already in the previous year, and these efforts are now being intensified. This applies in particular to costs that have arisen due to growth related to the broad ITS portfolio and the group’s increasingly global position. The resources maintained for potential projects and investments will also be reevaluated even as care is taken not to restrict the project and technology potential. At the same time, the planning and implementation of the strategic growth paths will be intensified. From an operational perspective, Kapsch TrafficCom will concertedly continue its existing projects during the current fiscal year, and the company also expects expansions in existing systems as well as some new projects. Kapsch TrafficCom eagerly looks forward to the outcome of the invitation to tender in Russia. In addition, the company is actively contacting parties potentially interested in toll systems and expects this approach to also bear fruit. Notification. The report on the first quarter of fiscal year 2014/15: English , German

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11. June 2014
Kapsch TrafficCom strengthens the position despite a mediocre 2013/14 fiscal year.

1. April – 31. March 2012/13 +/- % 2013/14 Revenues (in million EUR) 488,9     0% 487,0 EBIT (in million EUR)   16,5 +23%   20,3 Profit for the period (in million EUR)   16,8  -83%     2,9 Vienna, June 11, 2014 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, reports a mediocre 2013/14 fiscal year in which the forecast growth in the area of electronic toll collection did not materialize. The reporting period was characterized by postponements and cancellations of expected projects; in addition, Kapsch TrafficCom suffered a negative one-time effect in connection with the project in South Africa. Nevertheless, the group successfully continued its strategic development and finds itself in a more solid position than one year ago and well prepared for the future. One key milestone was the commissioning of the electronic toll collection system in the South African province of Gauteng, which was delayed for more than one-and-a-half years and has up to now been the main cause of the mediocre company results. In Belarus, Kapsch TrafficCom put the first sections of the national electronic toll collection system according to plan into operation, a system that will be continuously expanded in the coming years. Additional system starts as well as new orders were achieved by Kapsch TrafficCom in the U.S.A., in Australia, Chile, Russia, Kazakhstan and Europe. The result was a significant further expansion in the enduring revenue mainstays of the global on-board unit business and ongoing system operation. Furthermore, Kapsch TrafficCom was able to expand on its competence beyond the area of toll collection systems in the market for intelligent transportation systems (ITS), and strengthen its position with the acquisition of the major ITS provider Transdyn in the U.S.A. Revenue and earnings. The revenue in the 2013/14 fiscal year was EUR 487.0 million, which is in line with the previous year’s level of EUR 488.9 million. As in the previous year, major installation projects – other than the Belorussian project – were absent, and the most recently commissioned systems in South Africa and Belarus are not yet reflected to their full extent in the revenue and earnings for the reporting period. The investments that were made for the predicted market growth were downsized as far as possible in the reporting period, while at the same time existing structures were adapted for new operation projects as well as resources and know-how were maintained for future large projects. In the third quarter, Kapsch TrafficCom was once again forced to record a negative one-time effect in connection with the project in South Africa in the amount of EUR 8.5 million. The operating result nevertheless improved significantly in the 2013/14 fiscal year due to progress in and expansions of installation projects. At EUR 20.3 million, the EBIT is 22.9 % above the previous year’s value of EUR 16.5 million. The EBIT margin of 4.2 % reflects this improvement, even if it remains far below the medium-term goal of a two-digit margin. The financial result recorded an enormous decline, due primarily to largely unrealized currency losses – above all in the South Africa rand. The profit before tax decreased as a result to EUR 5.5 million, and the profit for the period fell from EUR 16.8 million in the previous year to EUR 2.9 million in the reporting period. The executive board will propose to the annual shareholders´ meeting on 1 September 2014 that no dividend be paid out for the 2013/14 fiscal year in order to avoid limiting options for further growth. Segments. The segment Road Solution Projects (RSP) recorded revenue of EUR 132.0 million after EUR 128.3 million in the previous fiscal year, an increase of 2.9 %. The largest single contribution to income came from the installation project in Belarus. The project in France, the progress in the managed lane system project in Texas, U.S.A., which should be expanded with a traffic management system, and the M5 Motorway project in Sydney, Australia, also contributed to the increase in revenue. The EBIT of the segment RSP was improved from EUR -51.7 million in the previous year to EUR -34.6 million, thanks in part to the realization of cost savings. However, it was still not possible to cover the regular costs associated with this segment. In the segment Services, System Extensions and Components Sales (SEC), revenue decreased by 3.1 % from EUR 342.3 million to EUR 331.8 million. While positive revenue contributions came in particular from the operation project in Poland with ongoing expansions and the project in Belarus, which went into operation as of the second quarter, lower income from the South African project brought about the overall decrease in revenue. The number of on-board units sold was nearly at the same level as the previous year at 9.2 million units. The EBIT of the segment SEC declined from EUR 67.3 million to EUR 53.8 million, reflecting the negative one-time effect of the project in South Africa, which resulted from differences of perspective in connection with the reimbursement of costs for maintaining the system readiness until December 2013. The EBIT margin of 16.2 % was upheld primarily by the stable earnings contributions of the other operation projects. Financial position and cash flows. The balance sheet figures of the Kapsch TrafficCom Group as on the key date of 31 March 2014 reflect the current progress as well as the financing agreement for the installation and operation project in Belarus. The net debt increased from EUR 40.5 million to EUR 93.4 million as on 31 March 2014, while the capital employed declined by 2.3 % to EUR 369.2 million. The net working capital of EUR 205.4 million was nevertheless below the previous year’s value. Cash and cash equivalents amounted to EUR 57.7 million at the end of the reporting year compared with EUR 79.0 million in the previous year. The free cash flow, which was EUR 48.3 million in the comparison period, was negative in the 2013/14 fiscal year at EUR -24.7 million due to project-related factors. Outlook. Kapsch TrafficCom has invested in the future during recent years and prepared its internal structures for the predicted market growth. The company is also ready for the changes to arise from increasing ITS convergence. With the adapted strategy, the executive board considers the company’s position for the future to be stronger than ever. Details concerning the developments on the market and within the Kapsch TrafficCom Group will be published in the 2013/14 annual report. Concerted work will continue on existing projects in the 2014/15 fiscal year. The major project in Belarus will be expanded further, and Kapsch TrafficCom also expects expansions to the operation project in Poland. Now that the toll system in South Africa has been in operation since December 2013, the company plans to work with its customer to further improve the revenue from the project. The result of the invitation to tender for the nationwide toll collection system in Russia is expected soon. Kapsch TrafficCom also expects that some of the postponed projects as well as others will materialize in the current fiscal year. In parallel to this, the company continues to actively contact potentially interested parties for toll systems, an approach that has already proved successful in Belarus. Notification. An overview of the fiscal year 2013/14 (key aspects and figures) can be found at www.kapsch.net/ktc/ir/downloadcenter

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26. February 2014
Kapsch TrafficCom reports successful system starts – revenues and earnings for the first three quarters improved.

2013/14 Q1-Q3: 1 April – 31 December 2013 2013/14 Q1-Q3 +/- % 2012/13 Q1-Q3 Revenues (in million EUR) 355.0 +14% 310.9 EBIT (in million EUR)     8.6 -    -8.7 Profit for the period (in million EUR)    -1.3 +78%    -5.7 Earnings per share (in EUR)    -0.4 +63%      -1.09 Vienna, February 26, 2014 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, transitioned several implementation projects into operation – including a few major ones – and also expanded a number of existing projects. This resulted in a satisfactory increase in revenue. The EBIT has now been positive again for four quarters, although it was weighed down heavily in the third quarter of the current fiscal year. Kapsch TrafficCom has achieved a milestone in South Africa: At the start of December, the toll collection system in the province of Gauteng went into operation after a wait of over one-and-a-half years. Roughly 1 million on-board units have already been registered by users, and more should follow. In the future, this project will have a positive impact on the revenues and earnings. In Belarus, the first expansion stage of the nationwide electronic toll collection system went into operation already in the second quarter; a portion of the second stage was completed in the third quarter and went into operation at the start of January. This operation project will also be reflected in the earnings in future. Furthermore, the toll collection system in Sydney, Australia, and a portion of the toll project in Texas – the most complex project of its kind existing in the U.S.A. – also went live in December. The nationwide toll collection system in Poland was expanded further during the reporting period. In Russia, Kapsch TrafficCom obtained four new orders, and a bid is currently being prepared for the invitation to tender for the nationwide toll collection system for trucks exceeding 12&nbs;tons total weight. Revenue and earnings. The revenues in the first three quarters increased by 14.2% in connection with the project progress, from EUR 310.9 million in the first three quarters of the previous year to EUR 355.0 million in the reporting period. The EBIT, which was negative at EUR -8.7 million in the previous year, is again firmly positive, although it still falls below the expectations of Kapsch TrafficCom at EUR 8.6 million. “Our new business has not yet expanded to the expected volume. As a result, we are still bearing the entire costs of our reorganization in 2012 with relatively low revenues. The third quarter also brought with it another setback. In South Africa, we agreed on cost reimbursement with our customer for maintenance of the toll system’s operational readiness. Unresolved issues in this regard noticeably weighed down the third quarter earnings,” explains Georg Kapsch, CEO of Kapsch TrafficCom AG. The earnings for the first three quarters of 2013/14 remain negative at EUR -1.3 million. In recent months, Kapsch TrafficCom has already achieved significant cost reductions by adapting its organizational structure to the slower market growth. In parallel, the structures required for existing and potential major projects had to be retained or expanded. The segment RSP (Road Solution Projects) increased its revenues by 40.9% thanks to the achieved project progress, from EUR 64.0 million in the previous fiscal year to EUR 90.2 million. The EBIT of EUR -26.0 million nevertheless shows that the costs assigned to this segment are still not being covered. The revenues of the segment SEC (Services, System Extensions, Components Sales) increased by 6.9%, from EUR 234.3 million in the previous year to EUR 250.4 million, while the EBIT in this segment rose by 61.3% from EUR 21.0 million in the same period of the previous year to EUR 33.9 million. Primarily the toll collection project in Poland contributed to this increase, while the operation projects in Belarus and South Africa will only be reflected in the results in future quarters. The EBIT was weighed down in the third quarter by the unresolved issues in South Africa. Financial position and cash flows. The current status of the implementation projects consistently influences the balance sheet of the Kapsch TrafficCom Group, and the individual stages of the Belarus toll project were also prefinanced for three years each. In connection with this, the non-current receivables as well as the financial liabilities increased during the reporting period. The free cash flow was negative in the first three quarters of the 2013/14 fiscal year at EUR -31.7 million. The net debt increased to EUR 86.9 million as on 31 December 2013. Outlook. Kapsch TrafficCom takes a positive view of the full 2013/14 fiscal year, even if the earnings outlook for the current fiscal year has been clouded somewhat by the developments in the third quarter. In addition to the continuation of the current implementation projects, Kapsch TrafficCom expects increasing earnings contributions in the coming months from the systems that have recently gone into operation. In addition, the company expects to receive in the near future new orders from a number of regions, especially the U.S.A. In parallel to this, Kapsch TrafficCom continues to actively contact potentially interested parties for toll collection systems, an approach that has already proved successful in Belarus. Notification. The report on the first three quarters of fiscal year 2013/14: English , German

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27. November 2013
Kapsch TrafficCom significantly reduces semi-annual loss and sees itself on the right path.

2013/14 H1: 1 April – 30 September 2013 2013/14 H1 +/- % 2012/13 H1 Revenues (in million EUR) 235.9 +16 % 203.4 EBIT (in million EUR)     7.6 -    -5.6 Profit for the period (in million EUR)    -0.7 +91 %    -6.9 Earnings per share (in EUR)      -0.36 +57 %      -0.85 Vienna, November 27, 2013 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, achieved considerable progress in its existing projects in the first half of the fiscal year 2013/14 and is also now engaged in new projects. Together with the ongoing operation of systems, this led to a revenue increase compared with the same period of the previous year, and the EBIT has now also seen positive development for three straight quarters. In Belarus, Kapsch TrafficCom achieved the first key milestone during the period under report, with the first stage of this major project entering into commercial operation on August 1st. Despite changing circumstances in some cases, the company also achieved good progress in the ongoing projects in France, Australia and Texas, for which implementation is expected to be largely completed by the end of the fiscal year. In Kazakhstan, weigh-in-motion systems were installed on two highways already in August, and a total of four projects in Russia were obtained in September – all successes in pursuing the ITS (intelligent transportation systems) strategy of expanding beyond toll collection systems. Following the successful commissioning of the first phase of the nationwide electronic truck toll collection system in Belarus, this system will now be further expanded in two additional phases. In South Africa, the law enabling the commissioning of the already completed toll collection system in the Gauteng province was signed and entered into force at the end of September. December 3, 2013, has now been announced as the toll commencement date. In Russia, in addition to the four new projects already under implementation, Kapsch TrafficCom also prequalified for participation in the invitation to tender for a nationwide toll collection system for heavy trucks together with the Russian telematics company JSC NIS. Revenue and earnings. The project progress and the ongoing operation of systems made it possible to increase revenue in the first half of 2013/14 by 16.0 % compared to the same period of the previous year, from EUR 203.4 million to EUR 235.9 million. The EBIT, which was negative in the previous year at EUR -5.6 million, amounted to EUR 7.6 million in the reporting period. This marks three straight quarters of positive results, even if these results still fall far short of the goal of a two-digit EBIT margin. The profit for the period is negative at EUR -0.7 million due to a decline in the financial results. “Looking back, we have achieved impressive developments in the past years despite operational volatilities. In 2011, the consistent revenue base of the ongoing operation of systems and the on-board units business was supported primarily by just two toll collection systems in Austria and the Czech Republic. In the past two years, we have expanded this base enormously. In North America, contracts with the E-ZPass Group and the Canadian toll authority Cantoll now make up part of this base, and in the meantime, we now also have significant operation projects in Poland and Belarus. At this time, we already have six projects contributing to our regular revenue base,” says Georg Kapsch, CEO of Kapsch TrafficCom AG, confirming the strategic progress of the group. This is also reflected in the segment Services, System Extensions, Components Sales (SEC), where revenue rose from EUR 144.7 million in the first half of the previous year to EUR 164.4 million in the reporting period, an increase of 13.6 %. The EBIT increased by 110.7 % from EUR 9.7 million to EUR 20.4 million. In the segment Road Solution Projects (RSP), revenue increased by 26.3 % from EUR 50.2 million to EUR 63.4 million, while the EBIT remained negative at EUR -13.1 million following EUR -15.7 million in the same period of the previous year. This outcome shows that the project business has developed more slowly than expected. The organizational structure of the Kapsch TrafficCom Group, which was reorganized roughly one year ago for further growth in the toll segment as well as other select segments in the ITS market, has therefore been adjusted somewhat during the period under report, particularly in terms of costs. The objective here was to achieve cost reductions in all areas without cutting back on the strategically essential resources for potential major projects in the future. Financial position and cash flows. The balance sheet of the Kapsch TrafficCom Group at the end of the first half of 2013/14 reflects the progress and the prefinancing of the project in Belarus. Receivables and financial liabilities increased relative to the balance sheet date of March 31, 2013, as did the net working capital. In line with the project progress, the free cash flow is negative at EUR -46.7 million, and the net debt was EUR 100.3 million at the end of the first half of the year. With the end of the first expansion stage, the customer will now begin making payments, while the next phase of the project will again be prefinanced by Kapsch TrafficCom. Outlook. The second half of the 2013/14 fiscal year will be marked by a continuation of the existing projects and by new projects. The major project in South Africa is now scheduled to enter into operation on December 3, 2013. In Belarus, Kapsch TrafficCom expects that the second expansion stage of the toll collection system will be able to enter operation partly yet this year and partly at the start of the next fiscal year. Thanks to the continued progress in the projects in France, Australia and Texas, corresponding project implementation revenues are expected. At the same time, the initiated cost-cutting measures should visibly impact the results in the second half of the year. Moreover, the tender documents for Russia are currently being prepared. In Slovenia, it is expected that the invitation to tender suspended at the start of the summer will be restarted. In parallel to this, Kapsch TrafficCom continues to actively contact potentially interested parties for toll collection systems, an approach that has already proved successful in Belarus. Overall, management views the prospects for the second half of the year positively in light of the organizational changes and successes to date. Notification. The report on the first half of fiscal year 2013/14: English , German

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19. August 2013
Kapsch TrafficCom makes significant project progress in the first quarter.

2013/14 Q1: 1 April – 30 June 2013 2013/14 Q1 +/- % 2012/13 Q1 Revenues (in EUR million) 121.4 +14 % 106.4 EBIT (in EUR million)     3.7 -    -5.2 Profit for the period (in EUR million)    -1.0 +77 %    -4.3 Earnings per share (in EUR)      -0.23 +50 %      -0.45 Vienna, August 19, 2013 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed in the Prime Market of the Vienna Stock Exchange, achieved significant progress on its existing projects in the first quarter of the fiscal year 2013/14. Expansion phase 1 of the nationwide electronic toll collection system in Belarus was completed and went into operation after the balance sheet date. While the toll system in Poland made a significant contribution to the revenue and earnings of the Kapsch TrafficCom Group during the reporting period, the completed system in the South African province of Gauteng still did not go into operation. The revenue and earnings of the Kapsch TrafficCom Group improved significantly compared to the same period of the previous year. “The quarterly result is not exceptional, and it still leaves us far from our target EBIT margin. It does, however, demonstrate the progress in our existing installation and operation projects. It also shows that the media reports in July regarding our project in South Africa were overblown,” summarizes Georg Kapsch, CEO of Kapsch TrafficCom AG. The commissioning of the toll system in South Africa has been postponed several times over a long period. Since the end of 2012, the conditions have been established; as before, it remains only for the corresponding law to be signed by the President of South Africa and for the starting date to be announced. The installation of the system has been largely paid for, and the customer is reimbursing the costs for maintaining the operational readiness. Due to the lack of operation revenue as well as additional costs, however, this project is currently a significant drain on the earnings of Kapsch TrafficCom. In Belarus, Kapsch TrafficCom completed the first phase of the order for installation and operation of the nationwide electronic toll collection system in the quarter under report; the technical operation began on July 1st, followed by commercial operation on August 1st. A fluid transition to expansion phase 2 occurred at the same time. Each individual phase of this major project is being prefinanced by Kapsch TrafficCom, with full payment to be received within three years of the start of operations. Kapsch TrafficCom achieved yet another success in North America. After our contract with the E-ZPass Group, which operates the world’s largest interoperable toll system in 14 US states, was extended in July 2011, the company received in June 2013 a new five-year order from the Canadian toll authority Cantoll to deliver the next generation of on-board units for the Toronto metropolitan region. This should secure the high volume of on-board units in North America for the coming years. In Chile, Kapsch TrafficCom received an order for a traffic management system. This shows – if only on a small scale – the increasing importance of intelligent transportation systems (ITS), an area in which Kapsch TrafficCom has devoted increased attention for some time. Revenue and earnings. The revenue of the Kapsch TrafficCom Group reached EUR 121.4 million in the first quarter, which is 14.1 % above the previous year’s comparison value of EUR 106.4 million. The EBIT, which was negative in the first quarter of the previous year at EUR -5.2 million was EUR 3.7 million in the reporting period. The company therefore achieved a significant improvement in earnings over the previous year – even despite the burden of the continued delay in commissioning of the system in South Africa. The segment RSP (Road Solution Projects) recorded revenues of EUR 36.5 million after EUR 34.9 million in the same period of the previous fiscal year, an increase of 4.7 %. The greatest contribution was supplied by the installation project in Belarus, which is also reflected in the improved operating result. Additional revenue contributions were made by the projects in Texas, USA, and Sydney, Australia. The EBIT in the first quarter reached EUR -1.6 million after EUR -7.2 million in the previous year, whereby the expenditures attributed to this segment could not be entirely covered. In the segment SEC (Services, System Extensions and Components Sales), revenues increased by 19.3 % from EUR 67.7 million in the previous fiscal year to EUR 80.8 million in the first quarter of 2013/14. This increase was driven primarily by the operation and further expansion of the Polish system. The number of on-board units sold also increased in the quarter under report. On this basis, the EBIT reached EUR 5.1 million after EUR 1.9 million in the previous year, despite the drain on earnings due to the project in South Africa. The profit before taxes and the profit for the period are still negative. This results from the decline in the financial result to EUR -5.3 million due to exchange rate fluctuations concerning the conversion of group-internal receivables with a negative impact as at the key date. Financial position and cash flows. The balance sheet of the Kapsch TrafficCom Group at the end of the first quarter of 2013/14 reflected the progress and the prefinancing of the project in Belarus: Both receivables and financial liabilities increased relative to the balance sheet date of 31 March 2013, as did the net working capital. The free cash flow is again negative at EUR -37.2 million, in contrast to the previous quarters. With the conclusion of the first expansion phase, payment by the customer has now begun. Outlook. The next quarters will be characterized by the continuation of existing orders. The next expansion phase in Belarus should go into operation toward the end of the fiscal year in spring 2014. Then phase 3 begins, which entails a further expansion of the system by 1,500 km. The implementation of the ongoing projects in France, Australia and Texas should be largely completed by the end of the fiscal year. Kapsch TrafficCom looks forward with great interest to the coming developments in South Africa as well as Slovenia, where the tender for a toll system was recently canceled. Further invitations to tender are also expected. In parallel to this, the company is also actively contacting possible interested parties for toll systems, an approach that already proved successful in Belarus. The management can report great interest in other countries as well. With its ITS strategy and the new company structure, the Kapsch TrafficCom Group considers itself well-positioned for all growth opportunities. The report on the first quarter of fiscal year 2013/14: English , German

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11. June 2013
Kapsch TrafficCom finished a weak fiscal year 2012/13 with an outstanding fourth quarter.

1 April – 31 March 2012/13 +/- % 2011/12 Revenues (in million EUR) 488.9 -11% 549.9 EBIT (in million EUR)    15.3 -64%   42.2 Profit for the period (in million EUR)    16.7 -39%   27.5 Earnings per share (in EUR) 1        0.74 -54%       1.62 Dividend per share (in EUR)          0.40 2 -56%       0.90 *1  Earnings per share 2012/13 relate to 13.0 million shares, 2011/12 relate to a weighted average number of 12.74 million shares *2  Proposal of the executive board subject to approval of the shareholders´ meeting on 12 September 2013 Vienna, June 11, 2013 – Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, is reporting on its fiscal year 2012/13 as a transition period in terms of projects and the company’s organizational structure, which was retooled during the reporting period for the planned continuation of growth. The Kapsch TrafficCom Group made significant progress during the past fiscal year, although the investments in the future as well as project delays led to lower revenues with simultaneously high expenditures. The earnings figures of the reporting year therefore lie clearly below the targets of the executive board. Revenue and earnings. The revenue in the fiscal year 2012/13 was EUR 488.9 million, which is 11.1 % below the previous year’s value of EUR 549.9 million. This decline reflects, on one hand, the fact that the major installation projects in Poland and South Africa were already completed but the new projects were of smaller overall volume and only began contributing revenue as of the second half of the year. On the other hand, the operation revenues in Poland and South Africa were still significantly below expectations since the completed system in South Africa did not go into operation by the end of the fiscal year and the revenues earned in Poland reached the expected levels only as of the third quarter. The number of on-board units sold also remained below that of the previous year since no initial deliveries or subsequent deliveries for new systems took place. These circumstances also led to an operating result (EBIT) that was negative in the first two quarters. In the third quarter, the continued delays in the South African project forced Kapsch TrafficCom to update the contract calculation. This resulted again in negative operational earnings. Only in the fourth quarter did the improved system operation in Poland together with progress in the project in Belarus enable a significant increase in revenue, making the quarterly earnings more than satisfactory at EUR 24.9 million. For the entire year, the EBIT was EUR 15.3 million, following EUR 42.2 million in the previous year. This puts the EBIT margin at 3.1 %, considerably below the previous year’s value of 7.7 %. The reporting year was also characterized by preparations for new projects, in other words by already recorded expenditures that were not yet offset by corresponding revenue or income. The implementation of the new organizational structure also required initial investments. The lower revenues made cost coverage more difficult here. The profit before taxes decreased from EUR 36.3 million in the previous year to EUR 16.9 million. Lower tax expenses and increased finance income were able to partially compensate for the decline in the operating result (EBIT). The profit for the period declined from EUR 27.5 million to EUR 16.7 million, putting the profit per share at EUR 0.74 compared with EUR 1.62 in the year before. The executive board will recommend to the annual shareholders' meeting on 12 September 2013, the payment of a dividend of EUR 0.40 per share (2011/12: EUR 0.90 per share) for the fiscal year 2012/13. The payout ratio (with respect to the profit for the period attributable to the equity holders of the company) is therefore roughly 54 % (2011/12: roughly 57 %). Segments. The segment RSP (Road Solution Projects) recorded revenues of EUR 128.3 million after EUR 229.9 million in the previous fiscal year, a decrease of 44.2 %. The projects begun in Belarus, France, Australia and the U.S.A. as well as the extensions to the system in Poland were not able to compensate for the revenue decline in connection with the complete or largely concluded system implementations in Poland and South Africa. The EBIT of the segment RSP was EUR -51.7 after EUR 4.1 million in the previous year. Due to the decreased revenues, it was not possible to cover the regular costs associated with this segment. The project in South Africa also further weighed down the result. In the segment SEC (Services, System Extensions and Components Sales), revenues increased by 11.1 % from EUR 308.1 million in the previous year to EUR 342.3 million. A significant revenue contribution was supplied by the project in Poland, which went into operation in July 2011 and therefore only contributed income for nine months. The operation of the nationwide systems in the Czech Republic, Austria and Switzerland continued to yield stable revenue contributions. On the other hand, the continued delay in the commissioning of the project in the South African province of Gauteng had a negative impact. The number of on-board units sold was 9.3 million compared with 11.2 million units in fiscal year 2011/12. The lower volume in the fiscal year just finished was related to the absence of additional deliveries for the project in Gauteng, South Africa. The EBIT of the segment SEC was EUR 66.1 million after EUR 37.3 million in the previous year. The EBIT margin therefore increased from 12.1 % to 19.3 %. Financial position and cash flows. The balance sheet of the Kapsch TrafficCom Group paints an extremely solid picture. The conclusion of the system implementation in Poland and the associated payment of the last milestone from construction of the system in the first quarter of the reporting year led to noticeable improvements compared with the balance sheet date of 31 March 2012. Despite the weak profit situation, the equity ratio was 42.4 % at the end of the fiscal year 2012/13. The net debt on 31 March 2013 was 46 % below the previous year’s value despite financing of the Belarus project. The net working capital and the capital employed are also far below the level of the previous year despite the rise in the fourth quarter. The cash and cash equivalents increased over the fiscal year from EUR 44.9 million to EUR 79.0 million. The free cash flow, which was negative in the comparison period, amounted to EUR 48.3 million at the end of the reporting year. This confirms that Kapsch TrafficCom has the necessary financial potential for the planned growth. Strategy. In 2012, the Kapsch TrafficCom Group defined its company strategy up to the year 2016 as well as four specific strategy paths. Since October 2012 the entire group now shares a globally standard organizational structure with coordinated standards, processes and interfaces. This should increase efficiency and support further growth. Additional growth prospects also lie in the development of complete ITS (Intelligent Transportation Systems) solutions. “We will continue our investments in the future despite the weak results of the fiscal year 2012/13. Making cuts due to the current situation would mean not having the necessary structures and capacities for the projects that are expected in the future,” says Georg Kapsch, CEO of Kapsch TrafficCom AG, in confirmation of the growth strategy. Outlook. Kapsch TrafficCom considers itself well positioned with its ITS strategy and the new company structure. The strong balance sheet structure shows that the group also has sufficient financial potential for upcoming projects both small and large – even running in parallel. The fiscal year 2013/14 will be marked by a continuation of the existing projects. In particular, the further developments in South Africa will influence the revenue and earnings situation. In addition, an invitation to tender has already begun in Slovenia. Kapsch TrafficCom expects additional tenders in Belgium and the U.S.A. Extensive toll systems are under discussion in Bulgaria, Russia and the surrounding countries as well as in Germany, and these discussions are also being followed with great interest. An overview of the fiscal year 2012/13 (key aspects and figures) can be found at www.kapsch.net/ktc/ir/downloadcenter

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