Investor Presentation • May 13, 2022
Investor Presentation
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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 information purposes. The information set out herein has not been verified by an independent audit company. 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, whether written, oral or in visual or electronic form, transmitted or made available. 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 material difference between forward-looking information and actual future results. The information set out in this document is provided as of the date indicated herein. Except as required by applicable laws and regulations, the Company assumes no obligation to provide updates of any of the aforesaid forward-looking statements. 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-looking statements. 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 portion of it may constitute a recommendation to affect any transaction or to conclude any legal act of any kind whatsoever.
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The comparative results as of March 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
❑ Positive price/mix effect across all main geographies and product lines.
❑ R&D Cash Out at €14.8M, steady at 10.7% on revenues.
❑ EMEAI: double digit growth in T&L and MFG. Decline in Retail entirely due to shortage.
❑ AMERICAS: Group's second-largest market +14.9%. T&L and MFG expansion primary drivers of the regional growth. RTL growing in
US despite shortage (+12.8%).
❑ APAC: Double digit growth at +19.4% across all main geographies, driven mainly by Japan and ANZ.
| €m | Q1 2022 |
Q1 2021 Restated1 |
% Var |
|---|---|---|---|
| EMEAI | 75 | 80 | (6 |
| 6 | 8 | 5%) | |
| Americas | 40 | 35 | 9% |
| 8 | 5 | 14 | |
| APAC | 21 | 18 | 19 |
| 6 | 1 | 4% | |
| Total Datalogic |
137 9 |
134 4 |
7% 2 |
The comparative results as of March 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: double digit performance in APAC at +69.1%, Americas sequentially growing recording +9.7%.
❑ Manufacturing: +16.9% further expanding in the sensors market thanks to MD Group acquisition.
❑ T&L: best performing sector (+34.7%), double digit growth in EMEAI and America led by e-commerce.
❑ Informatics: strategic repositioning on higher value business segments (SaaS) improving profitability.
| €m | Q1 2022 |
Q1 2021 Restated1 |
% Var |
|---|---|---|---|
| Retail | 45 | 49 | (9 |
| 4 | 9 | 2%) | |
| Manufacturing | 40 | 34 | 16 |
| 1 | 3 | 9% | |
| & | 20 | 15 | 34 |
| Transportation | 8 | 5 | 7% |
| Logistics | |||
| Healthcare | 4 | 5 | (15 |
| 2 | 0 | 6%) | |
| Channel | 23 | 25 | (7 |
| 6 | 5 | 4%) | |
| Total | 134 | 130 | 0% |
| Business | 0 | 1 | 3 |
| DL | |||
| Informatics | 4 | 4 | (7 |
| 1 | 4 | 1%) | |
| division Intra |
(0 2) |
(0 2) |
|
| Total Datalogic |
137 9 |
134 4 |
7% 2 |
The comparative results as of March 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
* Including capitalized R&D expenses and excluding D&A
Powerscan 9600 series introduction P2X-SERIES C Mount Models
❑ Vitality Index at 14.7% compared to 11.8% in Q1 2021. Positive trend for the third consecutive quarter.
❑ R&D Cash Out at 10.7% in line with the Q1 2021. Commitment to Product Development Roadmap
continues.
The comparative results as of March 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
| € m |
Q1 2022 |
Q1 2021 Restated1 |
% Var |
|---|---|---|---|
| Revenues | 137 9 |
134 4 |
2 7% |
| Margin Gross |
9 57 |
63 5 |
|
| % Revenues on |
42 0% |
3% 47 |
3 5 pp - |
| Operating expenses |
(53 4) |
(48 5) |
|
| % Revenues on |
(38 7%) |
(36 1%) |
2 6 pp - |
| Adjusted EBITDA |
8 11 |
21 6 |
|
| Ebitda Adj % margin |
5% 8 |
1% 16 |
7 6 pp - |
| Adjusted EBIT |
4 5 |
15 0 |
|
| Adj Ebit % margin |
2% 3 |
2% 11 |
8 0 pp - |
| EBIT | 2 3 |
12 9 |
|
| Ebit % margin |
7% 1 |
6% 9 |
9 7 pp - |
| Result Net |
1 3 |
8 9 |
|
| % Revenues on |
0% 1 |
7% 6 |
5 7 pp - |
€ m
16.1% on Group Revenues
€ m
In an uncertain economic environment, further worsened by the geo-political situation in East Europe, we are confident that the actions undertaken on supply chain and pricing, combined to a strong market demand and a sound booking, may enable a recovery both in terms of sales and profitability starting from the second half of the year.
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
May 17-18, 2022 Italian Investment Conference Unicredit/Kepler Cheuvreux
August 04, 2022 H1 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
© 2019 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.
Via Candini, 2 - 40012 Lippo di Calderara di Reno - Bologna (Italy) Tel. +39 051 3147011 | Fax +39 051 3147205 [email protected] ww.datalogic.com
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