FY 2023 Results Conference Call

MARCH 14TH,2024

INTERNAL Datalogic Confidential

FY 2023 & Q4 2023 Results

FY 2023 Results, €m

Q4 2023 Results, €m

REVENUES €119.6 -32.9%	GOM €47.3 39.6% (+0.2 pp)	Adj. EBITDA €6.2 5.2% (-8.3 pp)	NET RESULT €-1.3 -1.1% (-9.4 pp)

Net Debt at €35.3M

FY 2023 Highlights: improved industrial margins and operating cash flow generation despite negative volume impact

Revenues decreased by 18.0%, due to a negative demand in all market segment and geographical areas

R&D Cash Out at €66.7M, at 12.4% on revenues (9.8% in 2022), maintaining solid levels of R&D investments

Gross Operating Margin, improving at 41.8% compared to 40.1% in FY2022 (+1.7 pp) thanks to positive effects of price, mix and productivity which offset heavy volumes reduction

Positive price/mix across main geographies and product lines

Adj EBITDA margin at 9.2% (12.3% in 2022), mainly due to negative volumes, partially offset by positive price/mix, productivity and costs savings

Net Debt at €35.3M, thanks to a sound +€32.5M operating cash flow generation, fueled by tight control on Net Working Capital

Group Revenues by Geography and Market Segment

	EMEAI		AMERICAS		APAC			Total Datalogic
€m	FY 2023	FY 2022	Var %	FY 2023	FY 2022	Var %	FY 2023	FY 2022	Var %	FY 2023	FY 2022	Var %
Data Capture	173.3	220.1	(21.3%)	114.7	130.0	(11.8%)	32.2	47.6	(32.4%)	320.2	397.7	(19.5%)
Industrial Automation	117.8	135.1	(12.8%)	46.8	52.5	(10.9%)	35.4	53.0	(33.1%)	200.1	240.5	(16.8%)
Total DL Business	291.1	355.2	(18.0%)	161.4	182.5	(11.5%)	67.6	100.6	(32.8%)	520.2	638.3	(18.5%)
Informatics	-	-	-	17.0	18.2	(6.7%)	-	-	-	17.0	18.2	(6.7%)
Intra division	-	-	-	(0.6)	(1.8)	-	-	-	-	(0.6)	(1.8)	-
Total Datalogic	291.1	355.2	(18.0%)	177.8	198.8	(10.6%)	67.6	100.6	(32.8%)	536.6	654.6	((18.0%))

% on Group Revenues % on DL Business Revenues

New Products Launches and Innovation

R&D at 12.4%, +2.7 bps vs LY (9.8%). Commitment to Product Development Roadmap continues

FY 2023 P&L

€ m	FY 2023	FY 2022 restated*	Var %

Revenues	536.6	654.6	(18.0%)
Gross Margin	224.4	262.5
% on Revenues	41.8%	40.1%	+1.7 pp
Operating expenses	(207.5)	(213.4)
% on Revenues	(38.7%)	(32.6%)	-6.1 pp
Adjusted EBITDA	49.5	80.3
% Adj. Ebitda margin	9.2%	12.3%	-3.0 pp
Adjusted EBIT	16.9	49.1
% Adj. Ebit margin	3.1%	7.5%	-4.4 pp
EBIT	9.6	40.9
% Ebit margin	1.8%	6.3%	-4.5 pp
Net Result	9.5	30.1
% on Revenues	1.8%	4.6%	-2.8 pp

Gross Margin at 41.8% (+1.7 pp YoY) thanks to positive pricing/mix and productivity offsetting negative volumes
Lower operating expenses at €207.5m, but preserving continuous investments in R&D and S&D
Adj EBITDA margin at 9.2% (-3.0 pp YoY), due to highly negative volume impact on operating expenses, partially offset by gross margin improvement
Net Result at €9.5m vs €30.1m in 2022

* Restatement mainly due to reclassification of some installation costs from S&D to COGS

EBITDA Adj: actual vs last year

€ m

Sale of 100% share capital in Informatics Holdings, Inc.

Informatics is a stand-alone company actively engaged in the non-core business of marketing and distributing software products and solutions tailored for small and medium-sized companies mainly in the US. The company was acquired in 2005 and it is based in Plano, Texas.

Buyer

On March 7, 2024, Datalogic S.p.A. sold its 100% stake in Informatics to an affiliate of the U.S. private equity firm Renovo Capital LLC.

The disposal value was agreed upon at USD 34 million
EV/EBITDA adj 2023 at around 10x

Rationale

Divestment of a non-core asset to focus on the core business IA & DC
Additional financial resources to support growth, both organically and through M&A

Contacts

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]

NEXT EVENTS

March 21, 2024 Euronext STAR Conference

April 30, 2024 Shareholders' Meeting

May 15, 2024 Q1 2024 Results

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THANK YOU

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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