The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Nigel van Putten - Kempen & Co. N.V., Research Division - Analyst
: I was late in the call. So sorry, I might ask some questions that have already been answered in the prepared remarks. But first off, you alluded that
the carmakers are producing less, yet profits have been affected. Now if I'm correct, you're only exposed to the number of cars produced. So how
is that looking? I think last quarter, you said, for your addressable market, it was high teens. What is the outlook for Automotive production now?
And how do you see sort of Automotive operational revenue versus that for the year? That's the first question.
Question: Nigel van Putten - Kempen & Co. N.V., Research Division - Analyst
: Yes, got it. Actually, it's a nice segue into my next question. That is, of course, the guidance for the year has been on IFRS revenue. But if you look
at sort of operational revenue for Location Technology as a whole, is that still -- is that also flat for the year? Or should we expect that to be down
relative to 2021?
Question: Nigel van Putten - Kempen & Co. N.V., Research Division - Analyst
: Yes, so basically Location Technology as a whole. Yes, as a whole, yes, because I mean, specifically referring to the quite negative movement in
deferred liabilities in the (inaudible) this quarter.
Question: Nigel van Putten - Kempen & Co. N.V., Research Division - Analyst
: Yes, that's clear. Just moving down the P&L then to OpEx. Not -- yes well, let's say, last year, the first quarter was the low point and then increased
as the year progressed. How should we model that this year?
Question: Nigel van Putten - Kempen & Co. N.V., Research Division - Analyst
: Yes. OpEx. I think you guided quite specifically for EUR 510 million. Now if I annualize the first quarter, I get above that. And then if I look at history,
then actually, I think I should have probably modeled sequential growth or increase in OpEx. So just making sure that there is some mitigating
effect.
Question: Nigel van Putten - Kempen & Co. N.V., Research Division - Analyst
: Okay. That's good. Last question on Automation, a follow-up on Marc's question. To what extent is that in-house you're developing? I think last
quarter, you said it has to do with computer vision, cloud technology, AI, machine learning. Now do we have all that capability in-house? Or do
you, for example, partner with Qualcomm, which I think you're already doing, and they have like a hardware-software set that you can then apply
to your mapmaking? Just to get a view how you're going to achieve those savings and that automation.
|
