Investor Presentation • Mar 10, 2023
Investor Presentation
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Copyright Datalogic 2022 – Confidential Proprietary Information Page 3 The comparative results as of December 31, 2021 have been restated following the purchase price allocation (PPA) accounting of MD Group acquisition occurred in 2021, as required by the accounting standards IFRS 3 revised and IAS 1, including reclassifications to ensure results comparability. 1
❑ Revenue from new products (vitality index) at 13.4% vs 12.5% in FY2021
❑ Gross Operating Margin at 41.9% thanks to price/mix discipline and product redesign, partially offsetting components' price headwinds
❑ EMEAI: Group's first market up by 6.1% (+5.2% Net FX), led by UK & Nordics, Iberia, Italy and Benelux
❑ AMERICAS: Group's second-largest market leads the overall growth at +18.4% (+5.7% Net FX), across all the main industries
❑ APAC: +5.6% YoY, growth mainly driven by Japan (> 30% Net FX), and China
| €m | 2022 FY |
2021 FY Restated1 |
% Var |
|---|---|---|---|
| EMEAI | 354 | 334 | 6 |
| 9 | 5 | 1% | |
| Americas | 199 | 168 | 4% |
| 1 | 1 | 18 | |
| APAC | 100 | 95 | 6% |
| 6 | 2 | 5 | |
| Total Datalogic |
654 6 |
597 8 |
5% 9 |
Copyright Datalogic 2022 – Confidential Proprietary Information Page 5 The comparative results as of December 31, 2021 have been restated following the purchase price allocation (PPA) accounting of MD Group acquisition occurred in 2021, as required by the accounting standards IFRS 3 revised and IAS 1, including reclassifications to ensure results comparability. 1
❑ Retail: +12.5% driven by double digit performance in APAC (+33.9%) and Americas (+29.4%)
❑ Manufacturing: Americas and EMEAI lead the sector's performance, recording a growth of 28.1% and 11.4% respectively
❑ T&L: the highest growing industry with an overall improvement of 12.9%
Copyright Datalogic 2022 – Confidential Proprietary Information Page 6 The comparative results as of December 31, 2021 have been restated following the purchase price allocation (PPA) accounting of MD Group acquisition occurred in 2021, as required by the accounting standards IFRS 3 revised and IAS 1, including reclassifications to ensure results comparability. 1
❑ Channel: positive performance in all geographic areas
| €m | FY 2022 |
FY 2021 Restated1 |
% Var |
|---|---|---|---|
| Retail | 237 | 210 | 5% |
| 0 | 6 | 12 | |
| Manufacturing | 184 | 170 | 4% |
| 8 | 5 | 8 | |
| & | 91 | 80 | 12 |
| Transportation | 2 | 8 | 9% |
| Logistics | |||
| Healthcare | 2 | 18 | (5 |
| 17 | 2 | 2%) | |
| Channel | 108 | 100 | 0% |
| 0 | 0 | 8 | |
| Total | 638 | 580 | 0% |
| Business | 3 | 1 | 10 |
| DL | |||
| Informatics | 18 | 18 | (3 |
| 2 | 9 | 7%) | |
| division Intra |
(1 8) |
(1 1) |
|
| Total Datalogic |
654 6 |
597 8 |
9 5% |
P2X-SERIES C Mount Models
❑ R&D Cash Out at 9.9% in line with the FY 2021 (9.6%). Commitment to Product Development Roadmap
Page 7 * Including capitalized R&D expenses and excluding D&A
S3N series
Magellan 3410VSi OEM
Quickscan QM2500 Magellan 96i/99i SO, SS
SH4 Safety Light Curtain
INTERNAL Datalogic Confidential
Copyright Datalogic 2022 – Confidential Proprietary Information Page 8 The comparative results as of December 31, 2021 have been restated following the purchase price allocation (PPA) accounting of MD Group acquisition occurred in 2021, as required by the accounting standards IFRS 3 revised and IAS 1, including reclassifications to ensure results comparability. 1
| % Var |
▪ Gross Margin at 41.9%: -1.2 pp YoY Improvement in Q4 and |
|---|---|
| 2H compared to previous year thanks to positive pricing and |
|
| mix and less inflationary effects on cost |
|
| ▪ Operating expenses at €225.4m, mainly due to a negative |
|
| currency effect, and normalized marketing and commercial |
|
| activities | |
| ▪ Adj EBITDA margin at 12.3% (-2.0 pp YoY), in progressive |
|
| improvement across the year, with a 2H at 13.5%, up by |
|
| approx. 1pp vs previous year |
|
| ▪ Net Result at €30.1m vs €39.5m in FY 2021 |
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| € m |
FY 2022 |
2021 FY Restated1 |
% Var |
|---|---|---|---|
| Revenues | 654 6 |
597 8 |
9 5% |
| Margin Gross |
274 5 |
257 6 |
|
| % Revenues on |
9% 41 |
1% 43 |
1 2 pp - |
| Operating expenses |
(225 4) |
(199 4) |
|
| % Revenues on |
(34 4%) |
(33 4%) |
1 1 pp - |
| Adjusted EBITDA |
80 3 |
85 7 |
|
| Adj Ebitda % margin |
3% 12 |
3% 14 |
2 0 pp - |
| Adjusted EBIT |
49 1 |
58 2 |
|
| Adj Ebit % margin |
5% 7 |
9 7% |
2 2 pp - |
| EBIT | 40 9 |
0 47 |
|
| Ebit % margin |
3% 6 |
9% 7 |
1 6 pp - |
| Result Net |
30 1 |
39 5 |
|
| % Revenues on |
6% 4 |
6 6% |
2 0 pp - |
Ch. TWC NFP Dec 21 EBITDA Adj. Net Investment Taxes
IR Manager Alessandro D'Aniello Tel. +39 051 3147109 [email protected] Via Candini, 2 40012 Lippo di Calderara di Reno Bologna – Italy
IR Advisor Vincenza Colucci CDR Communication Srl Tel. +39 335 6909547 [email protected]
IR Assistant Daniela Giglioli Tel. +39 051 3147109 Fax +39 051 3147205 [email protected]
www.datalogic.com
This presentation contains statements that are neither reported financial results nor other historical information. These statements are forward-looking statements. These forward-looking statements rely on a number of assumptions and are subject to a number of risks and uncertainties, many of which are outside the control of Datalogic S.p.A., that could cause actual results to differ materially from those expressed in or implied by such statements, such as future market conditions, currency fluctuations, the behavior of other market participants and the actions of governmental and state regulators
| MARKE ы жR |
|---|
| CERTIFIED |
© 2022 Datalogic S.p.A. and/or its affiliates - All rights reserved. • Without limiting the rights under copyright, no part of this documentation may be reproduced, stored in or introduced into a retrieval system, or transmitted in any form or by any means, or for any purpose, without the express written permission of Datalogic S.p.A. and/or its affiliates • Datalogic and the Datalogic logo are registered trademarks of Datalogic S.p.A. in many countries, including the U.S. and the E.U. • All other trademarks and brands are property of their respective owners.
Datalogic S.p.A. Via Candini, 2 - 40012 Lippo di Calderara di Reno - Bologna (Italy) Tel. +39 051 3147011 | Fax +39 051 3147205 [email protected] www.datalogic.com
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