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Datalogic

Investor Presentation Mar 10, 2023

4452_ct_2023-03-10_fa3bcfd3-353f-4fc2-9550-ec03a655277d.pdf

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FY 2022 Results Conference Call

MARCH 10, 2023

MARKE
ы
жR
CERTIFIED

information purposes. The information set out herein has not been verified by an independent audit company.

whether written, oral or in visual or electronic form, transmitted or made available.

  • 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
  • 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,
  • 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
  • The information set out in this document is provided as of the date indicated herein. Except as required by applicable laws and regulations, the
  • 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-
  • 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

material difference between forward-looking information and actual future results.

Company assumes no obligation to provide updates of any of the aforesaid forward-looking statements.

looking statements.

portion of it may constitute a recommendation to affect 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.

Disclaimer

FY 2022 & Q4 2022 Results

1

Net Debt at €42.0M

Q4 2022 Results

FY 2022 Results

Copyright Datalogic 2022 – Confidential Proprietary Information Page 3 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

  • Revenues growth nearly at double digit and sound recovery of profitability in 2H
  • Improving performance across all main industries and geographies despite the complex scenario due to the shortage of components
  • Positive price/mix in the year across main geographies and product lines
  • 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

  • R&D Cash Out at €64.6M, steady at around 10.0% on revenues, executing technological roadmap
  • Adj EBITDA margin at 12.3% (13.5% in Q4, + 1.7 pps vs Q4 2021)
  • Net Debt down at €42.0M, thanks to a strong operating cash generation in Q4, and despite a high Net Working Capitalresulting from cost inflation and high inventory levels attributable to shortages

FY 2022 Highlights: a progressive recovery of sales and profitability

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

Group Revenues by Geography

€m 2022
FY
2021
FY
Restated1
%
Var
EMEAI 354 334 6
9 5 1%
Americas 199 168 4%
1 1 18
APAC 100 95 6%
6 2 5
Total
Datalogic
654
6
597
8
5%
9

Copyright Datalogic 2022 – Confidential Proprietary Information Page 5 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

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%

Copyright Datalogic 2022 – Confidential Proprietary Information Page 6 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

Channel: positive performance in all geographic areas

Group Revenues by Segment

€m FY
2022
FY
2021
Restated1
%
Var
Retail 237 210 5%
0 6 12
Manufacturing 184 170 4%
8 5 8
& 91 80 12
Transportation 2 8 9%
Logistics
Healthcare 2 18 (5
17 2 2%)
Channel 108 100 0%
0 0 8
Total 638 580 0%
Business 3 1 10
DL
Informatics 18 18 (3
2 9 7%)
division
Intra
(1
8)
(1
1)
Total
Datalogic
654
6
597
8
9
5%

P2X-SERIES C Mount Models

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

Page 7 * Including capitalized R&D expenses and excluding D&A

continues *

New Product Launches and Innovation

Sensors, Safety & Machine Vision

S3N series

Magellan 3410VSi OEM

Quickscan QM2500 Magellan 96i/99i SO, SS

SH4 Safety Light Curtain

INTERNAL Datalogic Confidential

Copyright Datalogic 2022 – Confidential Proprietary Information Page 8 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

%
Var

Gross
Margin
at
41.9%:
-1.2
pp
YoY
Improvement
in
Q4
and
2H
compared
to
previous
year
thanks
to
positive
pricing
and
mix
and
less
inflationary
effects
on
cost

Operating
expenses
at
€225.4m,
mainly
due
to
a
negative
currency
effect,
and
normalized
marketing
and
commercial
activities

Adj
EBITDA
margin
at
12.3%
(-2.0
pp
YoY),
in
progressive
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

FY 2022 P&L

8


m
FY
2022
2021
FY
Restated1
%
Var
Revenues 654
6
597
8
9
5%
Margin
Gross
274
5
257
6
%
Revenues
on
9%
41
1%
43
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
9
7%
2
2
pp
-
EBIT 40
9
0
47
Ebit
%
margin
3%
6
9%
7
1
6
pp
-
Result
Net
30
1
39
5
%
Revenues
on
6%
4
6
6%
2
0
pp
-

Net Debt & Cash Flow Analysis : Dec'21 – Dec'22

Ch. TWC NFP Dec 21 EBITDA Adj. Net Investment Taxes

IR CONTACTS

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]

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March 22, 2023 Euronext Star Conference 2023

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

MARKE
ы
жR
CERTIFIED

© 2022 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.

Datalogic S.p.A. 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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