AMSTERDAM — (BUSINESS WIRE) — July 21, 2011 — Q2 2011 financial summary

• Revenue of €314 million compared to €362 million in Q2 2010
• Consumer revenue declined by 23% year on year to €209 million
• Automotive revenue grew by 34% year on year to €60 million
• Business Solutions grew by 12% year on year to €14 million
• Non-cash impairment charge on goodwill and other intangible assets of €512 million
• Operating result of €18 million and net result of €11 million excluding impairment²

Q2 2011 operational summary

• Base of active users of LIVE Services tripled year over year to 1.1 million
• GO LIVE 800 series launched
• Over 1 million Carminat TomTom systems sold by Renault since launch
• Blue&Me TomTom introduced in the US
• Traffic portfolio available to businesses and governments in 14 countries

2011 outlook

• Revenue of between €1,225 and €1,275 million and earnings per share of between €0.25 and €0.30 excluding impairment

Key figures¹

(in € millions)		Q2 '11		Q2 '10		y.o.y. change		Q1 '11		q.o.q. change
Revenue		314		362		-13%		265		19%
Gross result		160		185		-13%		141		14%
Gross margin		51%		51%				53%
EBITDA		46		75		-39%		44		4%
EBITDA margin		15%		21%				17%
Operating result		-494		50				18
Operating margin		-157%		14%				7%
Net result attributable to the group		-489		34				11
EPS, € diluted		-2.20		0.15				0.05
EPS, € diluted, excluding impairment 2		0.05		0.15				0.05
Adjusted EPS, € diluted 3		0.10		0.21				0.10

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