Investor Presentation • Mar 10, 2017
Investor Presentation
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March 10th, 2017
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 effect 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.
| h l 2 0 6 1 H i g |
h i t g s |
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| O G O N E W R A N I Z A T I N |
f f f N i i i 1 st J 2 0 1 7 t t e w o r g a n z a o n e e c v e r o m a n u a r y d l, f d 4 C C i I i R i T & L, M i t t t t t u s o m e r e n r c n u s r e s e a a n u a c u r n g a n – l h h O O G C H i i N E D A T A L I t t e a c a r e w n – f f l d d f b l S 1 O 2 0 1 6 S B U i st i t t t t s e m s s p n o a r e a e e c e r o m c o e r o o n y y x u : u b l h d N S I i t t t e y s e m s n c. e s a s e |
| d f f h h l f d 3 i B i i i G D i I i t t t t t e r e n u s n e s s e s w n e r o u p : a a o g c, n o r m a c s a n l S i N S t t t o u o n e y s e m s |
|
| C S F I N A N I A L |
l l l b k R 7. 7 % Y Y 5 7 6. 5 E t t e v e n u e s u p o o m n u r o w e a o v e m a r e a v e r a g e h h h l ( ) E B I T D A i 9 0. 4 E 2 2. 5 % Y Y t t t + a e g e s e v e r : m n u r o o 1 % E B I T D A M i 5. 7 t a r g n a k l B i i P F N 3. 5 E t t + a c o a p o s v e : m n u r o |
| h h |
|
| O O I N N V A T I N |
C i i i i i i i i i R & D t t t t t o n n u o u s e m p a s s o n n n o v a o n w n c r e a s n g n v e s m e n s n ( ) 4. 5 % Y Y + o f f d 2 3 % 4. * t o r e e n e s r o m n e p r o c s v u w u k h h d h k B i i N Y N R F t t t t t r e a r o u g n n o v a o n p r e s e n e a e e w o r l f l d f 2 0 6 4 5 i i i i i i i 1 t t t t t t p a e n a p p c a o n s p r o e c n g n e n n o a o n s e r e e n o r w v w l f l f h d d i 1, 2 0 0 i t t t t t t t t t t a o a p a e n p o r o o o m o r e a n p a e n s a n p e n n g p a e n |
| l i i t a p p c a o n s |
* new products refer to products announced in the last 12 months
Automatic Data Capture
DATALOGIC is a unicumin the Global competitive landscape originated by a
▪ Consolidated experience in IA dating back to the foundation of the company in Italy
▪ Leadership in ADC deriving from the acquisition of PSC USA (former Spectra Physics)
From
Vendor: Proactive and reactive sales of products to meet existing Customer needs
Customer-centric organization
To
Partner: Long term partnership based on a symbiotic relationship with our Customers aimed at addressing their explicit and unexpressed needs
8
| l € m n |
Q 2 0 6 4 1 |
Q 2 0 4 1 5 |
% V a r |
|||
|---|---|---|---|---|---|---|
| R e v e n u e s |
1 5 4 7 |
1 4 3 8 |
6 % 7. |
| 6 % R 7 Y Y t + e e n e s o o v u l 1 5 4 7 E m n u r o |
|
| G O i t r o s s p e r a n |
f P i t g r o |
0 8 7 |
6 9 5 |
7. 5 % |
| l d h h B t t a a n c e g r o a m o n g e w d i i i t o s o n s w v |
| % | in Re ve nu es |
4 5. 8 % |
4 5. 8 % |
|||
| O i t p e r a n g e p e x |
n s e s |
9 5 1. |
0 5 5 |
2. 8 % |
| f R & D 8 9 % t t c o s s a o |
| % | in Re ve nu es |
3 3. % 5 |
3 % 5. 1 |
r e e n e s v u |
||
| E B I T D A |
2 3 7 |
2 0 7 |
1 8 % 4. |
| b d E i 1 4 8 % Y Y t t a u o o |
|
| E B I |
T D A M in ar g |
1 3 % 5. |
1 % 4. 4 |
p l 2 3 7 E m n u r o |
||
| E B I T |
1 7 5 |
1 9 4 |
1 7. 8 % |
|||
| E B I T M in ar g |
1 1. 3 % |
1 0. 3 % |
| 3 % E B I T D A i 1 5 t m a r g n a s v % 1 4 4 |
| l € m n |
F Y 2 0 1 6 |
F Y 2 0 1 5 |
V % a r |
|---|---|---|---|
| R e e n e s v u |
6. 5 7 5 |
3 5 5. 1 |
% 7. 7 |
| f G O i P i t t r o s s p e r a n g r o |
2 6 3 5. |
2 8. 6 4 |
6. % 7 |
| % R o n ev e nu e s |
4 6. 0 % |
4 6. 5 % |
|
| O i t p e r a n g e x p e n s e s |
1 9 2. 4 |
1 9 0. 9 |
0. 8 % |
| % R o n ev e nu e s |
3 3. 4 % |
3 5. 7 % |
|
| E B I T D A |
9 0. 4 |
7 3. 7 |
2 2. 5 % |
| b d E i i t a m a r g n |
1 5. 7 % |
1 3. 8 % |
|
| E B I T |
0. 2 7 |
2. 9 5 |
3 2. % 7 |
| b E i i t m a r g n |
1 2. 2 % |
9. 9 % |
|
| E B T |
6 6. 9 |
1. 6 5 |
2 9. % 7 |
| T a x e s |
2 1. 0 |
1 1. 0 |
|
| N I t e n c o m e |
4 5. 8 |
4 0. 5 |
1 3. 1 % |
| % R o n ev e nu e s |
8. 0 % |
7. 6 % |
|
| h Ex R t c a n g e a e |
1. 1 0 6 9 |
1. 1 0 9 5 |
Tax Rate increased due tochanges in tax regulation
Net Income +13.1% to 45.8 mln Euro
ADC Division: +9.3% to 397.6 mln Euro YoY (+9.1% at constant exchange rate), growth driven by fixed retail and mobile computers in retail sector in Europe and US
IA Division benefited from sustained growth in both in T&L and Manufacturing. Boost of T&L in the US in the last quarter
Industrial Automation division ex BU Systems: + 7.7% to 138.9 million Euro
| l € m n |
F Y 2 0 1 6 |
F Y 2 0 1 5 |
V % a r |
|---|---|---|---|
| E r o p e u |
3 0 0. 7 |
2 6 8. 5 |
2. 0 % 1 |
| h N A i t o r m e r c a |
6 3 1 7. |
6 1 1. 1 |
3. 9 % |
| f A i P i i s a a c c |
6 9. 6 |
1. 7 5 |
( ) 2. % 7 |
| O R W |
3 8. 9 |
3 0 4. |
1 % 4. 4 |
| l T R t o a e v e n u e s |
5 7 6. 5 |
5 3 5. 1 |
7. 7 % |
* IA excluding BU Systems
| G R O S S O P E R A T I N G M A R G I N |
E B I T D |
A M A R G I N |
||||
|---|---|---|---|---|---|---|
| F Y 2 0 1 6 |
F Y 2 0 1 5 |
F Y 2 0 1 6 |
F Y 2 0 1 5 |
|||
| A D C |
4 6. 9 % |
4 7. 3 % |
A D C |
2 4. 1 % |
2 2. 3 % |
|
| d l I i A i t t t n u s r a u o m a o n |
4 4. 0 % |
4 4. 8 % |
d l I i A i t t t n s r a o m a o n u u |
1 % 7. |
9 % 5. |
|
| I A B U S t e x y s e m s - |
4 8. 1 % |
5 0. 0 % |
I A B U S t e x y s e m s - |
8. 8 % |
9. 3 % |
|
| f I i t n o r m a c s |
3. 0 % 4 |
3. % 4 7 |
f I i t n o r m a c s |
( 6. 3 % ) |
( 0. % ) 1 |
|
| l G T t o a r o p u |
6. 0 % 4 |
6. % 4 5 |
l G T t o a r o p u |
1 % 5. 7 |
1 3. 8 % |
(*) With the purpose to better report the operating sectors economic performances, it was deemed appropriate to highlight the Divisional EBITDA as monitoring KPI.
(*) Ordinary Operating: Profit before non recurring costs/revenues and depreciation & amortization (EBITDA)
Note:
The Exchange rate variance is the result of the difference between Dec'16 YTD Actual (1.107) and Dec'15 YTD Actual (1.110) €/USD exchange rates.
€ mln
| F Y 2 0 1 6 |
F Y 2 0 1 5 |
F Y 2 0 1 6 |
F Y 2 0 1 5 |
||
|---|---|---|---|---|---|
| l d T F i A t t o a e s s e s x |
3 7 1. 7 |
3 6 3 8 |
l N F i i t e n a n c a P i i t o s o n |
( ) 3 5 |
2 1. 0 |
| d b l T i r a e r e c e a e s v l l l % 1 2 i o n m r o n g s a e s I i t n e n o r e s v l l l % 1 2 i o n m r o n g s a e s d b l T r a e p a y a e s l l l % 1 2 i o n m r o n g s a e s d k l C T W i i t r a e o r n g a p a l l l % 1 2 i o n m r o n g s a e s h l b l O / i i i i t t t e r a s s e s a e s |
7 5 5 1 3. 1 % 8 2 3 1 4. 3 % ( ) 1 0 4 6 1 8. 1 % 3 2 5 9. 2 % ( ) 9 2 |
6 8 8 1 2. 9 % 6 9 5 1 3. 0 % ( ) 1 0 1. 7 1 9. 0 % 3 6 5 6. 8 % ( ) 8 1 |
N E i t t e q u y |
3 3 6 4 |
2 9 8 3 |
| d l C N I i t t t e n e s e a p a v |
3 3 2 9 |
3 1 9 3 |
l S T t o a o r c e s u |
3 3 2 9 |
3 1 9 3 |
| P i t c u r e |
d P t r o u c n a m e |
h d L t a u n c a e |
D i i t e s c r p o n |
|---|---|---|---|
| A V 7 0 0 0 |
l h A i 2 8 t p r |
h fo lo l H ig in p er rm an ce ng ra ng e ea r c am er a |
|
| M X- E V i i s o n P r o c e s s o r |
h M 5 t ay |
f- he fa ly f M X- E ies i G ig E ta te t t se r a s -o -a r m o , d by f is io I M P A C T So tw v n p ro ce ss or s p ow er e ar e |
|
| D L- Ax i t s |
2 h M 4 t ay |
d dr d h fu l l h h Ru An i P D A i 5 in t to g g e o w uc c d lay isp |
|
| h J T oy a ou c |
ly h J 2 5 t u |
h l l de J ™ To is i- i ice t ta oy a uc a m u p ur p os e re v fo ha de l l h is i io ica io t t t a r va r us ap p ns su c as l f- ho he k k do Se S in Pr ice C in Ma p p g, c g, r w ns , S he l f le hm Co l Re is Inv Ac t, to tro p n en en ry ce ss n , d an m or e. |
|
| R I D A |
b 3 d N ov e m e r r |
d les R I D A D B T 6 4 0 0 2 D im is ar ea ag er a co r s de h lu h ® les hn lo ice i B ire t to t te to v w e o w s c o g y be d h b le de in io i i ice t t us e co nn ec n w m o v s. |
|
| 1 2 0 M ix t a r |
b 2 1 N t ov e m e r s |
l 2 h be d de d U D im i tra t t -c om p ac ag er w em he E t t rn e |
|
| P S 9 3 0 0 ow e r c a n |
b h D 1 9 t e c e m e r |
d du l las Po Sc ™ 9 3 0 0 in ia tr we r an ru g g e s er ies sc an ne r s er |
|
Keep on constantly growing, above market average, while significantly improving profitability
Remain a product company with new emphasis on solutions to satisfy the needs of End Users in the following Industries: Retail, Healthcare, T&L and Manufacturing
Become a significant player in North America and further establish in APAC with a growing presence in China
Consolidate our position in EMEA
Moving from a product to a Customer-centric Company, leveraging on our wide range of products that is able to fulfill our customers' needs for both data collection and process automation and providing end-to-end solutions across the entire flow of operations
24
| € l m n |
F Y 2 0 1 6 |
F Y 2 0 1 5 |
V % a r |
||
|---|---|---|---|---|---|
| R e v e n u e s |
5 7 6. 5 |
1 0 0. 0 % |
5 3 5. 1 |
1 0 0. 0 % |
7. 7 % |
| C O G S |
( 3 1 1. 2 ) |
( ) 5 4. 0 % |
( 2 8 6. 5 ) |
( ) 5 3. 5 % |
8. 6 % |
| G O i P f i t t r o s s p e r a n g r o |
5. 2 6 3 |
4 6. 0 % |
2 4 8. 6 |
4 6. 5 % |
6. 7 % |
| O t h R e r e v e n u e s |
3. 3 |
0. 6 % |
3. 5 |
0. % 7 |
|
| R & D |
( 0. 4 ) 5 |
( ) 8. 7 % |
( 4 8. 2 ) |
( ) 9. 0 % |
4. 5 % |
| D i t i b t i C t s r u o n o s s |
( 1 0 1. 2 ) |
( ) 1 7. 6 % |
( 1 0 1. 1 ) |
( ) 1 8. 9 % |
0. 1 % |
| A d i i i E t t m n s r a v e x p e n s e s |
( 3 7. 8 ) |
( ) 6. 6 % |
( 3 9. ) 5 |
( ) 7. 4 % |
( ) 4. 4 % |
| O t h t i e r o p e r a n g e p e n s e s x |
( ) 3. 0 |
( ) 0. 5 % |
( ) 2. 0 |
( ) 0. 4 % |
|
| T l O i d h t t t o a p e r a n g e p e n s e s a n o e r s x |
( ) 1 9 2. 4 |
( ) 3 3. 4 % |
( ) 1 9 0. 9 |
( ) 3 5. 7 % |
0. 8 % |
| N i / t o n r e c r r n g c o s s r e u v |
( 1. 0 ) |
( ) 0. 2 % |
( 2. 6 ) |
( ) 0. 5 % |
|
| A t. I t A t f i m o r n a n g. s s e s r o m a c q u s. |
( 4 9 ) |
( ) 0. 9 % |
( 5. 7 ) |
( ) 1. 1 % |
( ) 1 4. 0 % |
| E B I T |
0. 2 7 |
1 2 2 % |
5 2. 9 |
9. 9 % |
3 2 % 7 |
| ( ) / F i i l t n a n c a c o s s r e v. |
( ) 3. 1 |
( ) 0. 5 % |
( ) 4 6 |
( ) 0. 9 % |
|
| R l f i i t t t t e s u s r o m e q u y n v e s m e n s |
( 0. 3 ) |
( 0. 1 % ) |
0. 1 |
0. 0 % |
|
| ( ) / F i h t o r e g n e c a n g e c o s s r e x v. |
0. 0 |
0. 0 % |
3. 1 |
0. 6 % |
|
| E B T |
6 6. 9 |
1 1. 6 % |
5 1. 6 |
9. 6 % |
2 9. 7 % |
| T a x e s |
( 2 1. 0 ) |
( ) 3. 7 % |
( 1 1. 0 ) |
( ) 2. 1 % |
|
| N I t e n c o m e |
5. 4 8 |
8. 0 % |
5 4 0. |
7. 6 % |
1 3. 1 % |
| D i i t e p r e c a o n |
( 9. 4 ) |
( 1. 6 % ) |
( 7. 8 ) |
( 1. % ) 5 |
|
| A t i t i m o r a o n z |
( 9 ) 4 |
( ) 0. 8 % |
( ) 4 7 |
( ) 0. 9 % |
|
| E B I T D A |
9 0. 4 |
1 5. 7 % |
7 3. 7 |
1 3. 8 % |
2 2 5 % |
| E h R t x c a n g e a e |
1. 1 0 6 9 |
1. 1 0 9 5 |
| € l m n |
A 3 1 / 1 2 / 2 0 1 6 t |
A 3 1 / 1 2 / 2 0 1 t 5 |
|---|---|---|
| I i b l f i d t t n a n g e x e a s s e s |
5 2. 0 |
5 6. 5 |
| G d i l l o o w |
1 8 8. 9 |
1 8 3. 0 |
| T i b l f i d t a n g e x e a s s e s |
7 2. 1 |
6 8. 4 |
| N C l i d d i t t t o n o n s o a e n v e s m e n |
6. 9 |
6. 6 |
| O f t h i d t e r x e a s s e s |
5 1. 8 |
4 9. 3 |
| T l F i d A t t o a x e s s e s |
3 7 1. 7 |
3 6 3. 8 |
| N t t d t i b l e r a e a c c o n r e c e a e s u v |
7 5. 5 |
6 8. 8 |
| S T t b l a c c o u n p a y a e s |
( ) 1 0 4 6 |
( ) 1 0 1. 7 |
| I t n v e n o r y |
8 2. 3 |
6 9. 5 |
| T d W k i C i l t r a e o r n g a p a |
5 3. 2 |
5 3 6. |
| O h i b l t t e r c u r r e n r e c e v a e s |
3 4. 2 |
2 8. 6 |
| O S f & f t h T b l d i i i k t h e r p a a e s a n p r o s o n o r r s r e c a r g e s y v u u |
( 6 ) 7 7. |
( 6 1. 0 ) |
| i C i N W k l t t e o r n g a p a |
9. 8 |
4. 1 |
| O h L T b l t e r p a y a e s |
( 3 0. 8 ) |
( 2 6. 8 ) |
| E l ' I d i t m p o y e e s s e v e r a n c e n e m n y |
( ) 6. 6 |
( ) 6. 8 |
| L T i i f i k & f h t p r o v s o n o r r s u u r e c a r g e s |
( 1 1. 2 ) |
( 1 5. 2 ) |
| N I d C i l t t t e n v e s e a p a |
3 3 2. 9 |
3 1 9. 2 |
| E i t q u y |
3 3 6. 4 |
2 9 8. 3 |
| N F i i l P i i t t e n a n c a o s o n |
3. 5 |
( ) 2 1. 0 |
| E h R t x c a n g e a e |
1. 0 5 4 1 |
1. 0 8 8 7 |
IR Manager Vincenza ColucciCDR Communication SrlTel. +39 335 [email protected]
IR AssistantDaniela Giglioli Tel. +39 051 3147109Fax +39 051 3147205E-mail [email protected]
Via Candini, 2 40012 Lippo di Calderara di Reno Bologna – Italy
March 21st -22nd , 2017 Star Conference Milan
May 15th, 2017 1Q results
August 3rd, 2017 6M results
November 13th, 2017 9M results
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