Basic Net SpA

Earnings Release • Mar 3, 2022

MARCH 03, 2022

FY21 RESULTS PRESENTATION

FY21 PERFORMANCE

• Preliminary results confirmed
• Aggregated sales up 16,6% YoY
• Consolidated revenues up 14,1% YoY with both direct sales and royalties performing
• EBITDA exceeding FY19 result
• Net result at € 20,3 million
• Net financial position at € 61,7 million
• Continuously improving TWC

DIVIDEND PROPOSAL

• DPS proposal of € 0,12
• Dividend yield and pay-out ration in line with FY19
• Total dividend of € 6,1 million

BUY-BACK PROPOSAL

1

• BB proposal of € 14,0 million
• BasicNet currently holding 16,12% of treasury shares

BASICNET AGGREGATED SALES

+16,6% vs 2020

(amounts in € million)

SALES OF COMMERCIAL LICENSEES SALES OF SOURCING CENTERS

+13,1%

vs 2020

+17,9% vs 2020

GROUP CONSOLIDATED REVENUES

+14,1% vs 2020

DIRECT SALES OF GOODS ROYALTIES FROM LICENSEES

+13,0% vs 2020

CONSOLIDATED KEY DATA

	12m 2021	12m 2020	Var
Consolidated revenues	296,4	259,7	36,7
EBITDA	44,2	19,8	24,4
EBITDA margin	14,9%	7,6%	7,3%
EBIT	31,6	7,6	24,0
EBIT margin	10,7%	2,9%	7,8%
Net result	20,3	8,6	11,7
Free cash flow	35,6	10,5	25,1
Trade Working Capital	50,2	59,3	(9,1)

(amounts in € million)

GROUP NET FINANCIAL DEBT

+20,4% vs 2020

DIVIDEND DISTRIBUTION PROPOSAL

dividend yield 2,1% pay-out ratio 30,2%

0,06 in 2020

dividend yield 1,4% pay-out ratio 36,6%

0,12 in 2019

dividend yield 2,3% pay-out ratio 30,3%

BUY-BACK PROPOSAL

	Shareholders' proposal April 13th, 2022	Shareholders' resolution April 8th, 2021	Shareholders' resolution June 26th, 2020
Buy-back plan	Euro 14,0 million	Euro 10,0 million	Euro 10,0 million
Actual purchases		Euro 6,2 million	Euro 3,4 million
Purchased shares (no.)		1.230.000	936.745
Average purchase price		Euro 5,05	Euro 3,68
Purchased shares (in %)		2,02%	1,54%
Total treasury shares (in %)		16,12%	14,08%

Glossary

Aggregated Sales of Licensees (ASL)	sales by commercial licensees
Aggregated Sales of Sourcing Centers (ASSC)	sales by productive licensees
Royalties from Licensees	the sum of royalties income from ASL and sourcing commissions from ASSC
Consolidated revenues	the sum of royalties income from ASL, sourcing commissions from ASSC and direct sales of goods
Free cash flow	it's the cash flow available to the company: the difference between the cash flow from operating activities and the cash flow for investments in fixed assets
Net financial debt	total of current and medium/long-term financial payables, less cash and cash equivalents and other current financial assets.