Datalogic

Investor Presentation • May 14, 2021

Q1 2021 Results Conference Call

MAY 14, 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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3

Net Debt at €30.9, €4.0 positive NFP before acquisition

Q1 2021 Results

Q1 2021 Results 1

€ m

. 1 March 31, 2020 economic data were restated following the sale of the controlling interest in Solution Net Systems Inc. in the second half of 2020 and the classification of Solution Net Systems Inc. as discontinued operation as required by the accounting standard IFRS 5.

Q1 2021 Highlights: Strong Start to 2020

• ❑ Strong Top line growth at 17.4% at constant FX, despite material shortage. MD MicroDetectors contributing for +2.5%. Double digit organic growth in all regions
• ❑ Strong Adj EBITDA margin at 16.0%, back to prepandemic level, best performance ever in Q1
• ❑ Operational efficiency and R&D selectivity more than offsetting Gross margin dilution from increased input costs from shortage and large deals
• ❑ R&D spending* at 10.6% after the conclusion of large Mobile programs and increased selectivity
• ❑ Positive Net Financial Position at about €4.0M before MD acquisition of €35M
• ❑ Strong Q1 Operating Cash generation of €26.0M vs Q1 LY from improved profitability and capex selectivity
• ❑ Double digit Order growth in Q1 coupled with exceptional Backlog preparing for record Q2 Revenue (ca. 40%)

Group Revenues by Geography

❑ EMEAI: Double digit growth +15.1% Net FX driven by Italy achieving +19.5% vs Q1-2020, remarkable contribution of Benelux, Spain and UK

❑ Americas: Group's second-largest market, returns to growth +12.9% Net FX (+3.5% reported) after the downturn

❑ APAC: Double digit growth +41.9% Net FX driven mainly by China but with upward trend in Japan and Korea

* March 31, 2020 comparative data have been restated following the sale of the controlling interest in Solution Net Systems Inc. in the second half of 2020 and the classification of

€ m	Q1 2021	Q1 2020 Restated*	Var %	Var % Net FX
EMEAI	81.4	71.3	14.2%	15.1%
Americas	36.0	34.8	3.5%	12.9%
APAC	18.0	13.1	37.1%	41.9%
Total Datalogic	135.4	119.2	13.6%	17.4%
Spain and UK

Group Revenues by Segment

❑ Retail: +2.1% growth Net FX; APAC (+35.4%, +40.9% net FX) and EMEAI (+7.6%, +9.0% net FX) offset the weakness of US market, affected by

❑ Manufacturing: +26.7% growth Net FX thanks to a recovery in Automotive and Packaging, mainly in APAC (+42.1%) and EMEAI (+21.5%). MD

• unfavorable base effect comparison;
• acquisition contributing for 7.4 pts of growth
• ❑ T&L: Outstanding growth thanks to large project recovery particularly in US
• ❑ Healthcare: steady results in EMEAI, very good signs of recovery in AMERICAS and in APAC
• ❑ Channel: Sales to small/medium-size customers benefited from the economic recovery

Group Revenues by Segment
€ m	Q1 2021	Q1 2020 Restated*	Var %	Var % Net FX
Retail	49.6	50.6	(1.8%)	2.1%
Manufacturing	33.2	26.8	23.9%	26.7%
Transportation & Logistics	15.5	9.4	65.5%	71.2%
Healthcare	4.6	3.5	28.8%	35.2%
Channel	28.3	25.0	13.2%	16.0%
Total DL Business	131.2	115.3	13.8%	17.5%
Informatics	4.4	4.2	5.7%	14.5%
Intra division	(0.2)	(0.3)	(30.3%)
Total Datalogic	135.4	119.2	13.6%	17.4%

^* March 31, 2020 comparative data have been restated following the sale of the controlling interest in Solution Net Systems Inc. in the second half of 2020 and the classification of Solution Net Systems Inc. as discontinued operation as required by the accounting standard IFRS 5.

❑ Vitality Index target slow start at 11.1% due to lower ramp-up of new products due to Covid and shortage with Mobile at +29%

❑ R&D spending* at 10.6%. Commitment to Product Development Roadmap continues

New Product Launches and Innovation

^* Including capitalized R&D

Q1 2021 P&L

▪ Gross Margin at 46.9% impacted by increased input
costs and unfavorable business mix.
▪ Operating expenses at €48.5m down 13.2% thanks to a leaner cost base from efficiency program started in
2020: ✓ R&D costs decrease driven by conclusion of large
Mobile projects and increased selectivity ✓
S&D cost decreased by 19.0% due to both efficiencies and tactical savings
▪ Adj EBITDA at 16.0% consolidating recovery for 4 consecutive quarters 2020, reaching pre-pandemic
level
▪ Net Result at €9.0m vs a loss of €4.3m in Q1 2020

* March 31, 2020 economic data were restated following the sale of the controlling interest in Solution Net Systems Inc. in t . he second half of 2020 and the classification of Solution Net Systems Inc. as discontinued operation as required by the accounting standard IFRS 5.

€ m	Q1 2021	Q1 2020 Restated*	Var %
Revenues	135.4	119.2	13.6%
Gross Margin	63.5	57.1
% on Revenues	46.9%	47.9%	-1.0 pp
Operating expenses	(48.5)	(55.9)
% on Revenues	(35.8%)	(46.9%)	+11.1 pp
Adjusted EBITDA	21.6	7.2
% Adj. Ebitda margin	16.0%	6.1%	+9.9 pp
EBIT	13.1	(1.3)
% Ebit margin	9.6%	(1.1%)	+10.7 pp
Net Result	9.0	(4.3)
% on Revenues	6.7%	(3.6%)	+10.2 pp

EBITDA Adj: actual vs last year

9

€ m

. * March 31, 2020 economic data were restated following the sale of the controlling interest in Solution Net Systems Inc. in the second half of 2020 and the classification of Solution Net Systems Inc. as discontinued operation as required by the accounting standard IFRS 5.

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

* Including IFRS 16 impact

21.6

2021 Outlook

▪ Double digit Order growth coupled with sound Backlog compared to the same period of 2020, allow to forecast very positive performance for Q2, where the Group expects to achieve exceptional Q2 Revenue (>40%) compared to the

▪ Despite high levels of uncertainty continues, under Covid emergency and shortage of some component, growth forecasts for full year 2021 remain positive and double digit, in a range between 16% and 20% compared to 2020.

- previous year period, maintaining profitability at pre-Covid levels.

• current year the Group maintains the objective of improving EBITDA between 2 and 3 points compared to 2020.

▪ The Group continues to selectively balance investments and cost control as the market and the inflationary trend evolve. Despite additional strategic and operational investment might be required as recovery continues, for the

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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May 18-19, 2021 Italian Investment Conference Unicredit/Kepler Cheuvreux

August 5, 2021 H1 2021 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

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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