Investor Presentation • Mar 22, 2023
Investor Presentation
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Global technology leader in the automatic data capture and industrial automation markets, in the Retail, Manufacturing, Transportation & Logistics, and Healthcare industries Founded in 1972, listed on the Italian Stock Exchange since 2001
A portfolio of about 1,200+ patents and patent applications
450+ engineers in 11 R&D centers and 3 DL Labs in: Italy, USA, Vietnam, Cech Republic and China
3,000 Employees in 29 countries
11 Manufacturing and Repair facilities in: Italy, US, Hungary, Slovakia, Vietnam, China and Australia
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| • Foundation of the Company, based sensors product portfolio |
• Expansion of the portfolio on to barcode reading products, applications and technologies |
• Pivoting from «laser» to «imaging» and becoming the technology leader of barcode reading • Entering the space of «Mobile Computers» with the acquisition of «IDWare Mobile Computing» |
• Listing at the Milan Stock Exchange • Further expansions thanks to acquisitions (e.g. PSC, Laservall, Informatics, Accu-Sort) • Footprint expansion: Vietnam, Slovakia, Hungary |
• 50th year anniversary • Acquisition of MD Microdetectors • Acquisition of Pekat • Starting the path towards «Solutions» |
|---|---|---|---|---|
| 1972 | 1974 | 1988 - 1997 |
2001 - 2012 |
2021- 2022 Today |
| First baggage on barcode |
handling system based reading installed at Linate Airport (Milan) in 1984 |
First Fixed imaging technology market in 2012 |
Retail Scanner based on launched on the |
3 Page 3
Datalogic is the only player with a wide and consolidated experience in the two fields of:
▪ The Retail grew by 12.5% (6.2% at constant FX) driven by double digit performance in APAC (+33.9%) and Americas (+29.4%)
▪ The Manufacturing sector grew by 8.4% (+4.8% at constant FX), also thanks to the acquisition of MD in 2021. Americas and EMEAI lead the sector's performance, recording a growth of 28.1% and 11.4% respectively
▪ The T&L sector grew by 12.9% (+7.8% at constant FX) compared to 2021, with growth of 26.5% in Americas and 13.1% in EMEAI.
▪ Sustainability, traceability, localization, end to end patient monitoring the main automation trends in Healthcare
❑ Vitality Index at 13.4%
❑ R&D Cash Out at 9.9% in line with the FY 2021 (9.6%). Commitment to Product Development Roadmap continues *
Page 13 * Including capitalized R&D expenses and excluding D&A
| Market | Portfolio | M&A | Innovation | |
|---|---|---|---|---|
| • Keep focus on all of our verticals, catching the profitable opportunities |
• Protect our leadership in FRS, HHS and SIS |
• Technology: acquire IP, skills, products and concepts to boost both portfolio and capabilities |
• Nurture MV-based SW and Deep Learning technology to tackle key emerging |
|
| coming from needs of digitalization and artificial |
• Enhance our offer through a software ecosystem to |
trends | ||
| intelligence | provide innovative solutions | • Expansion: acquire customers to boost |
• Dominate key technology trends (e.g. 5G, Wifi-6, |
|
| • Consolidate position in EMEAI, become a strong player in the United States and keep growing our |
• Increase MOB market share completing and widening our offer |
penetration | Cybersecurity) to prepare for next generation of HW products |
|
| presence in China | • Intensify cost optimization to fight hardware commoditization |
❑ Revenue from new products (vitality index) at 13.4% vs 12.5% in FY2021
❑ Gross Operating Margin at 41.9% thanks to price/mix discipline and product redesign, partially offsetting components' price headwinds
| €m | FY 2022 |
FY 2021 Restated1 |
Var % |
|---|---|---|---|
| EMEAI | 354 | 334 | 6 |
| 9 | 5 | 1% | |
| Americas | 199 | 168 | 18 |
| 1 | 1 | 4% | |
| APAC | 100 | 95 | 6% |
| 6 | 2 | 5 | |
| Total Datalogic |
654 6 |
597 8 |
9 5% |
❑ EMEAI: Group's first market up by 6.1% (+5.2% Net FX), led by UK & Nordics, Iberia, Italy and Benelux
❑ AMERICAS: Group's second-largest market leads the overall growth at +18.4% (+5.7% Net FX), across all the main industries
❑ APAC: +5.6% YoY, growth mainly driven by Japan (> 30% Net FX), and China
INTERNAL Datalogic Confidential Copyright Datalogic 2023 – Confidential Proprietary Information Page 17 The comparative results as of December 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 17
| €m | FY 2022 |
FY 2021 Restated1 |
Var % |
|---|---|---|---|
| Retail | 237 | 210 | 12 |
| 0 | 6 | 5% | |
| Manufacturing | 184 | 170 | 4% |
| 8 | 5 | 8 | |
| Transportation | 91 | 80 | 12 |
| & | 2 | 8 | 9% |
| Logistics | |||
| Healthcare | 17 | 18 | (5 |
| 2 | 2 | 2%) | |
| Channel | 108 | 100 | 0% |
| 0 | 0 | 8 | |
| Total | 638 | 580 | 10 |
| Business | 3 | 1 | 0% |
| DL | |||
| Informatics | 18 | 18 | (3 |
| 2 | 9 | 7%) | |
| division Intra |
(1 8) |
(1 1) |
|
| Total Datalogic |
654 6 |
597 8 |
9 5% |
❑ Retail: +12.5% driven by double digit performance in APAC (+33.9%) and Americas (+29.4%)
❑ Manufacturing: Americas and EMEAI lead the sector's performance, recording a growth of 28.1% and 11.4% respectively
❑ T&L: the highest growing industry with an overall improvement of 12.9%
❑ Channel: positive performance in all geographic areas
INTERNAL Datalogic Confidential Copyright Datalogic 2023 – Confidential Proprietary Information Page 18 The comparative results as of December 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 18
| € m |
2022 FY |
2021 FY Restated1 |
% Var |
|---|---|---|---|
| Revenues | 654 6 |
597 8 |
9 5% |
| Gross Margin |
274 5 |
257 6 |
|
| % Revenues on |
41 9% |
43 1% |
1 2 pp - |
| Operating expenses |
(225 4) |
(199 4) |
|
| % Revenues on |
(34 4%) |
(33 4%) |
1 1 pp - |
| Adjusted EBITDA |
80 3 |
85 7 |
|
| Adj Ebitda % margin |
3% 12 |
3% 14 |
2 0 pp - |
| Adjusted EBIT |
49 1 |
58 2 |
|
| Adj Ebit % margin |
5% 7 |
7% 9 |
2 2 pp - |
| EBIT | 40 9 |
0 47 |
|
| Ebit % margin |
6 3% |
9% 7 |
1 6 pp - |
| Result Net |
30 1 |
39 5 |
|
| % Revenues on |
4 6% |
6 6% |
2 0 pp - |
improvement across the year, with a 2H at 13.5%, up by
approx. 1pp vs previous year
▪ Net Result at €30.1m vs €39.5m in FY 2021
Market Segment: EURONEXT STAR MILAN
Reuters Code: DAL.MI
Bloomberg Code: DAL IM
Outstanding Shares: 58,446,491
Share Par-Value: 0.52 Euro each
Ticker: DAL Market Cap (December 30, 2022): 500 mln Euro Volumes : 3 months average ̴100K Auditing Company: Deloitte
Pekat is a software start up who has developed and owns proprietary algorithms of Machine Learning and Deep Learning for applications in the fields of supply chain and industrial automation.
Software for industrial visual inspection and quality assurance. Effectively finds anomalies, detects and classifies defects and checks surface on materials and objects. Thanks to AI and focused-learning algorithms, it has a unique feature of detecting even previously unseen defects
Ready to use AI solution for defect detection running on smaller cameras
AI-enabled industrial visual inspection system for quality assurance
IR Manager Alessandro D'Aniello Tel. +39 051 3147109 [email protected] Via Candini, 2 40012 Lippo di Calderara di Reno Bologna – Italy
Vincenza Colucci CDR Communication Srl Tel. +39 335 6909547 [email protected]
Daniela Giglioli Tel. +39 051 3147109 Fax +39 051 3147205 [email protected]
April 27, 2023 Shareholders' Meeting
May 11, 2023 Q1 2023 Results
www.datalogic.com
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
© 2023 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] www.datalogic.com
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