Investor Presentation • Aug 5, 2022
Investor Presentation
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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
❑ 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
❑ 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
| €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)
| €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
❑ R&D Cash Out at 10.0% in line with the H1 2021. Commitment to Product Development Roadmap continues. *
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
| € 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
€ 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.
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
November 10, 2022 9M 2022 Results
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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