Datalogic

Investor Presentation • Nov 12, 2021

INTERNAL Datalogic Confidential

9M 2021 Results Conference Call

NOVEMBER 12, 2021

Disclaimer

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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9M 2021 & Q3 2021 Results

Net Debt at €38.0M

Q3 2021 Results

REVENUES €142.4 +22.1% +21.6% Net FX

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9M 2021 Results

9M 2021 Highlights: Exceptional Economic Performance

• ❑ Exceptional growth on the Top line +28,0% Net FX (+22.5% organic) across all geographies despite supply chain challenges.
• ❑ Strong performance in all industries. T&L (+59.0% at constant FX) and Manufacturing (+43.2% at constant FX) top performers.
• ❑ Despite inflationary headwinds 9M Adj EBITDA margin at 15.2%, at pre-pandemic level thanks to volumes and leaner cost base.
• ❑ R&D spending* at 9.7% on revenues, confirming the Group's Innovation roadmap.
• ❑ Net Debt at €38M, €3M excluding MD acquisition of €35M.
• ❑ Cash generation improved by €29.2M vs Sept. 2020.
• ❑ Unprecedented Double digit Order growth coupled with exceptional Backlog set up 2021 performance.
• ❑ Successful integration of the newly acquired MD, contributing to revenue growth in the manufacturing sector by about 16.1%.

Group Revenues by Geography

❑ EMEAI: leading Group's performance in the first nine months of 2021 at +36.5% Net FX and in Q3 +33.3% Net FX. Sound growth across all countries. Italy, Benelux and Spain remarkable performance. ❑ Americas: Group's second-largest market, achieved growth of +17.6% Net FX.

❑ APAC: Double digit growth +21.4% Net FX driven mainly by China and acceleration in Japan and Korea.

€m	9M 2021	9M 2020	Var %	Var % Net FX
EMEAI	244	179	35	36
	0	6	9%	5%
Americas	124	112	10	6%
	0	3	4%	17
APAC	66	2	20	21
	4	55	5%	4%
Total Datalogic	434 4	347 1	25 2%	28 0%

Group Revenues by Segment

❑ Retail: double digit performance in APAC +20.4% Net FX and EMEAI +12.2% Net FX, Americas recovering in Q3 +18.9% Net FX.

❑ Manufacturing: +43.2% Net FX with solid recovery in Automotive and Packaging in all geographies.

❑ T&L: Best performing sector (+59.0% Net FX), double digit growth in all regions.

❑ Healthcare: positive trends, especially in EMEAI and APAC, in the hospital sectors and in pharmaceutical distribution.

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• ❑ Channel: Sales to small/medium-size customers largely benefited from the economic recovery (+31.6%) mainly in Americas and EMEAI.

€m	9M 2021	9M 2020 Restated*	Var %	Var % Net FX
Retail	152.7	143.4	6.5%	9.5%
Manufacturing	117.3	82.7	41.7%	43.2%
Transportation & Logistics	59.3	38.1	55.5%	59.0%
Healthcare	12.3	10.9	13.3%	16.6%
Channel	80.0	60.8	31.6%	34.5%
Total DL Business	421.6	335.9	25.5%	28.2%
Informatics	13.7	12.1	13.6%	20.1%
Intra division	(0.9)	(0.9)
Total Datalogic	434.4	347.1	25.2%	28.0%

^*September 30, 2020, comparative data have been restated following the reorganisation of the commercial function launched in 2020.

New Product Launches and Innovation

* Including capitalized R&D

❑ Vitality Index in Q3 at 12.1% impacted by shortage and industry mix

❑ R&D spending* at 9.7%. Commitment to Product Development Roadmap continues

9M 2021 P&L

• Gross Margin at 44.6% impacted by increased input costs mainly from the shortage of critical materials and freight. Pricing actions launched to benefit next quarters.
• Operating expenses at €147.8m up 5% maintaining a leaner cost base through growth:
• ✓ R&D costs steady, reached 9.5% compared to 11.9% in 9M2020, due to the strategy of selectivity of investments, and completion of large Mobile projects.
• ✓ S&D cost at 16.7% compared to 20.5% in 9M2020 due to efficiencies.
• Adj EBITDA at 15.2% (+4.5 pp) back to 2019 levels.
• Net Result at €30.9m vs €4.6m in 9M2020.

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€ m	9M 2021	9M 2020	% Var
Revenues	434 4	347 1	25 2%
Gross Margin	193 6	160 1
% Revenues on	6% 44	1% 46	1 5 pp -
Operating expenses	(147 8)	(140 7)
% Revenues on	(34 0%)	(40 5%)	+6 5 pp
Adjusted EBITDA	66 2	37 2
Adj Ebitda % margin	2% 15	7% 10	+4 5 pp
EBIT	38 3	8 2
Ebit % margin	8% 8	4% 2	+6 5 pp
Result Net	30 9	4 6
% Revenues on	1% 7	3% 1	8 +5 pp

EBITDA Adj: actual vs last year

€ m

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Net Debt & Cash Flow Analysis : Dec'20 – Sep'21

€ m

2021 Outlook

▪ Growth consolidating and accelerating in almost all geographies and main market segments thanks to exceptional post-pandemic demand growth.

▪ Despite uncertainties related to supply chain and inflation continue, the unprecedent order intake growth in all geographical areas and record backlog set the basis for upgrading 2021 Revenue growth guidance to 20%-22%, with an improvement in EBITDA margin between 2%-3% versus prior year.

Contact

IR CONTACTS

IR Manager Laura Bernardelli Tel. +39 051 3147109 ir@datalogic.com Via Candini, 2 40012 Lippo di Calderara di Reno Bologna – Italy

IR Advisor Vincenza Colucci CDR Communication Srl Tel. +39 335 6909547 vincenza.colucci@cdr-communication.it

IR Assistant Daniela Giglioli Tel. +39 051 3147109 Fax +39 051 3147205 daniela.giglioli@datalogic.com

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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

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Datalogic S.p.A.

Via Candini, 2 - 40012 Lippo di Calderara di Reno - Bologna (Italy) Tel. +39 051 3147011 | Fax +39 051 3147205 corporate@datalogic.com ww.datalogic.com