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Datalogic

Investor Presentation Aug 5, 2022

4452_ct_2022-08-05_1175e82a-c81c-4ccf-ad08-f071729d47c3.pdf

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H1 2022 Results Conference Call

AUGUST 05, 2022

information purposes. The information set out herein has not been verified by an independent audit company.

whether written, oral or in visual or electronic form, transmitted or made available.

  • This document has been prepared by Datalogic S.p.A. (the "Company") for use during meetings with investors and financial analysts and is solely for
  • Neither the Company nor any of its subsidiaries, affiliates, branches, representative offices (the "Group"), as well as any of their directors, officers, employees, advisers or agents (the "Group Representatives") accepts any responsibility for/or makes any representation or warranty, express or implied, as to the accuracy, timeliness or completeness of the information set out herein or any other related information regarding the Group,
  • This document may contain forward-looking statements about the Company and/or the Group based on current expectations and opinions developed by the Company, as well as based on current plans, estimates, projections and projects of the Group. These forward-looking statements are subject to significant risks and uncertainties (many of which are outside the control of the Company and/or the Group) which could cause a
  • The information set out in this document is provided as of the date indicated herein. Except as required by applicable laws and regulations, the
  • Under no circumstances shall the Group and/or any of the Group Representatives be held liable (for negligence or otherwise) for any loss or damage howsoever arising from any use of this document or its contents or otherwise in connection with the document or the aforesaid forward-
  • This document does not constitute an offer to sell or a solicitation to buy or subscribe to Company shares and neither this entire document or a

material difference between forward-looking information and actual future results.

Company assumes no obligation to provide updates of any of the aforesaid forward-looking statements.

looking statements.

portion of it may constitute a recommendation to affect any transaction or to conclude any legal act of any kind whatsoever.

This document may not be reproduced or distributed, in whole or in part, by any person other than the Company.

By viewing and/or accepting a copy of this document, you agree to be bound by the foregoing limitations.

Disclaimer

H1 2022 & Q2 2022 Results

1

Net Debt at €71.9M

Q2 2022 Results

H1 2022 Results

INTERNAL Datalogic Confidential Copyright Datalogic 2022 – Confidential Proprietary Information Page 3 The comparative results as of June 30, 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 3

  • Top line growth +8.5% (+3.7% Net FX), Q2 at double digit +13.5% (+7.5% Net FX) across main geographies and sectors
  • Revenue from new products (vitality index) at 16.5% with a sequentially growing trend for the fourth consecutive quarter
  • Positive price/volumes in second quarter across different geographies and product lines

  • R&D Cash Out at €31.5M, steady at 10.0% on revenues, executing technological roadmap

  • Persisting supply chain constraints and inflationary trends affecting Gross Operating Margin
  • Adj EBITDA margin at 10.9% due to inflation and supply chain constraint partially offset by volumes and positive price
  • Net Debt at €71.9M, including €16.0M cash out for Pekat Vision acquisition and €16.9M dividend payment

H1 2022 Highlights: Sales' growth amidst supply chain constraints

EMEAI: Best performing region (net of FX effects), mainly in UK&Nordics, Iberia and Italy

AMERICAS: Group's second-largest market +13.5% (+2.9% Net FX), mainly driven by large projects in the US

APAC: Double digit growth in Japan and SEA

Group Revenues by Geography

€m H1
2022
H1
2021
Restated1
%
Var
EMEAI 170 161 6%
2 1 5
Americas 96 85 5%
8 3 13
APAC 6 43 0%
47 7 9
Total
Datalogic
314
6
290
1
5%
8

Copyright Datalogic 2022 – Confidential Proprietary Information Page 5 The comparative results as of June 30, 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: +7.3% thanks to double digit performance in APAC and Americas both at current and constant FX

Manufacturing: double digit growth in Americas and EMEAI

T&L: best performing sector (+19.4%), double digit growth in EMEAI and Americas

Informatics: strategic repositioning on higher value business segments (SaaS) improving profitability (+2.7 pp)

Group Revenues by Segment

€m H1
2022
H1
2021
Restated1
%
Var
Retail 109 102 3%
6 1 7
Manufacturing 88 6 7%
3 77 13
& 46 38 19
Transportation 5 9 4%
Logistics
Healthcare 8 9 (9
3 1 1%)
Channel 54 53 5%
0 7 0
Total 306 281 8
Business 7 5 9%
DL
Informatics 8 9 (5
5 0 2%)
division
Intra
(0
6)
(0
4)
Total
Datalogic
314
6
290
1
8
5%

Copyright Datalogic 2022 – Confidential Proprietary Information Page 6 The comparative results as of June 30, 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

P2X-SERIES C Mount Models

Powerscan 9600 Series

Vitality Index at 16.5%; 17.8% in Q2 with a positive trend for the fourth consecutive quarter.

R&D Cash Out at 10.0% in line with the H1 2021. Commitment to Product Development Roadmap continues. *

New Product Launches and Innovation

Hand Held Scanners Stationary Industrial Scanners Fixed Retail Scanners Sensors, Safety & Machine Vision

S3N series

Magellan 3410VSi OEM

Matrix 5MP


Gross
Margin
at
41.4%:
-4.7
pp
YoY
due
to
inflation
and
material
shortages,
despite
positive
pricing
and
volumes
recovery

Operating
expenses
at
€110.9m,
-0.7
pp
YoY,
mainly
due
to
normalized
marketing
and
commercial
initiatives
and
currency
effect

Adj
EBITDA
at
10.9%
(-5.2
pp
YoY)

Net
Result
at
€9.1m
vs
€23.2m
in
1H
2021,
with
negative
currency
effects
hitting
financial
items

Copyright Datalogic 2022 – Confidential Proprietary Information Page 8 The comparative results as of June 30, 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

H1 2022 P&L

€ m H1 2022 H1 2021
Restated1
Var %
Revenues 314.6 290.1 8.5%
Gross Margin 130.1 133.7
% on Revenues 41.4% 46.1% -4.7 pp
Operating expenses (110.9) (100.3)
% on Revenues (35.3%) (34.6%) -0.7 pp
Adjusted EBITDA 34.3 46.8
% Adj. Ebitda margin 10.9% 16.1% -5.2 pp
Adjusted EBIT 19.2 33.4
% Adj. Ebit margin 6.1% 11.5% -5.4 pp
EBIT 15.6 27.7
% Ebit margin 5.0% 9.5% -4.6 pp
Net Result 9.1 23.2
% on Revenues 2.9% 8.0% -5.1 pp

€ m

16.1% on Group

EBITDA Adj: actual vs last year

Net Debt & Cash Flow Analysis : Dec'21 – Jun'22

€ m

First half results, a strong backlog, actions undertaken on pricing and supply chain set the outlook for the second half of 2022, where we expect a sales' growth over previous year and an operating margin substantially in line with the first half of 2022, despite uncertainties which may be expected mainly in Q4 due to macro-economic scenarios, continuous supply chain

constraints and the reversal of the booking trends.

2022 Outlook

IR CONTACTS

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]

NEXT EVENTS

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DATALOGIC ON LINE

October 11-12, 2022 2022 Italian Excellences | Mid Corporate Conference – Intesa Sanpaolo

November 10, 2022 9M 2022 Results

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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

© 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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