Slide 1: Datalogic acquires PPT Vision and Accu-Sort Systems
Datalogic acquires PPT Vision and Accu-Sort Systems Moving ahead 2nd December, 2011 © Copyright Datalogic 2007-2011
Slide 2: Disclaimer
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 it
Slide 3: Two Acquisitions to Beat Competition in IA
Two Acquisitions to Beat Competition in IA Datalogic performed two acquisitions in the Industrial Automation market to double its presence in the Industry and to improve technology and R&D Platform Small acquisition focused on Large acquisition to double smart cameras and multi- Industrial Autom
Slide 4: PPT Vision
PPT VISION ACCU-SORT SYSTEMS © Copyright Datalogic 2007-2011 4
Slide 5: Transaction Snapshot
Transaction Snapshot Price USD 5.2 million purchase price Consideration 100% cash Sources Existing internal resources (cash on hand and available credit lines) Structure Through US subsidiary Timing The closing of the transaction is expected to occur in December 2011 © Copyright Datalogic
Slide 6: PPT Vision At a Glance
PPT Vision At a Glance PPT Vision develops, produces and markets products and solutions based on smart camera, as well as industrial multi-camera vision systems used in quality control and inspection in the manufacturing industry Founded in 1982 and with headquarters in Minneapolis, Minnesota, P
Slide 7: Product Overview
Product Overview A complete Smart Camera Systems for factory floor applications PPT Vision's high-speed smart cameras have all the features of a full- scale machine vision system A-Series T-Series C-Series M-Series ENTRY LEVEL GENERAL HIGH VERSATILITY PURPOSE PERFORMANCE AND SPEED © Copyright Datalo
Slide 8: Product Overview
Product Overview PPT Visions's Impact Software is a single software platform that supports the entire PPT Vision's family of products. The software contains the latest innovations in image processing technology plus a broad range of tools for deploying vision inspection solutions in the factory envi
Slide 9: A Promising Market
A Promising Market The vision market is broad and offers interesting growth prospects: the global market was estimated to have a value of approximately USD 3.7 bn (Source: AIA) in 2010, +11% YOY The Most Complete Intelligent Camera Solution for Manufacturing © Copyright Datalogic 2007-2011 9
Slide 10: Accu-Sort Systems
PPT VISION ACCU-SORT SYSTEMS © Copyright Datalogic 2007-2011 10
Slide 11: Transaction Snapshot
Transaction Snapshot USD 135 million purchase price (on a cash-free debt-free basis) that includes estimated tax benefits for Datalogic resulting from an Price election to be made by the parties under section 338(h)(10) of the U.S. Internal Revenue Code to treat the stock purchase as an asset purc
Slide 12: Accu-Sort Systems At a Glance
Accu-Sort Systems At a Glance Accu-Sort Systems, Inc. is an industry leader engaged in the desing, manufacture, integration and servicing of Automatic Identification (Auto-ID) and material handling solutions It offers a complete range of technical solutions, including Auto-ID products (laser and
Slide 13: Accu-Sort Business Segment
Accu-Sort Business Segment PRODUCTS, SERVICES & SOLUTIONS POSTAL MATERIAL HANDLING SOLUTIONS (63% of 2010 Sales) (37% of 2010 Sales) Bar code scanners, dimensioning systems and System design, engineering, project management, islands of automation for customers in trasportation installation and suppo
Slide 14: Product Overview
Product Overview Long-Range Scanners Print / Apply Solutions (34% of total sales) (13% of total sales) Sortation, revenue recovery and Software, controls, cubing applications bar code scanners and third party equipment Mid-Range Scanners Receiving and shipping / (7% of total sales) manifestati
Slide 15: Product Breakdown
Product Breakdown Sales By Product Sales By Geography Sales By Vertical 2010 2010 2010 Mid-Range Short-Range Airline Manufacturing Laser Entertainement Mid-Range Laser 1% 1% 3% 4% Camera 2% International Distribution/ 4% Postal Consumer Small Item 21% Parcel Material Packaged Sortation Handling 12%
Slide 16: Continuous Innovation and Strong Brand
Continuous Innovation and Strong Brand Filings and Patents 2000-2010 Customer familiarity with Bar Code Scanner Manufacturers 37 30 30% 26% 18% 13 10% 10% 8 6 5 5 5 5 4 4 3 3 3 3 3 3 3 2 1 1 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Accu-Sort Competitor 1 Competitor 2 Competitor 3 Com
Slide 17: Worldwide Market Trend in the Industrial Automation
Worldwide Market Trend in the Industrial Automation INDUSTRIAL AUTOMATION (IA) ADDRESSABLE MARKET Very fragmented industry with potential additional markets worth $3B Factors driving demand: increasing demand for traceability of processes and goods supply chain streamlining new regulations (
Slide 18: Favourable Industry Dynamics
Favourable Industry Dynamics Stationary Bar Code Scanners account for 16% in the Industrial Automation Market (worth $ 2.6 BN in 2010) CAGR 2010-2013E: 7% 504 473 445 17 415 16 15 10 329 215 201 13 189 177 120 241 256 272 196 228 2009A 2010A 2011E 2012E 2013E Lasers Cameras Dimensioners Factors dr
Slide 19: Investment Highlights
Investment Highlights Strong Foundation of Sustainable Business Processes Long-Standing Attractive Financial Relationships with profile Blue Chip Customers Favorable Industry Strong Competitive Dynamics Position Experienced Technology and R&D Provider of Postal Platform material Handling Solutions ©
Slide 20: Accu-Sort Key Financials
Accu-Sort Key Financials Highly attractive margin profile with products that are positioned at the high-end of the market Continuous improvement of margins thanks to a combination of restructuring, sales force initiatives and cost control Accu-Sort key figures 2010A H1 2011A $MN Revenues 92.3 51
Slide 21: Accu-Sort key financials
Accu-Sort key financials The agreed purchase price made on a cash-free debt-free basis Net financial position equal to zero Strong operating cash flow generation with low capital expenditure requirements Accu-Sort key figures 2010A H1 2011A $MN Total Assets 68.7 69.2 Total Current Liabilities
Slide 22: Impact on Datalogic
Impact on Datalogic 2010 Revenues by Area 2010 Revenues by Division before and after acquisition before and after acquisition 7.8% 6.6% 3.7% 3.1% 11.0% 9.3% 8.5% 7.0% 10.9% 12.6% 23.1% 34.5% 68.6% 28.8% 39.8% 38.6% 33.5% 56.5% Italy Europe North America Asia Pacific ROW Datalogic ADC Datalogic Autom
Slide 23: Thank You!
. 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, m
Slide 24: We Welcome Your Questions!
We Welcome Your Questions! © Copyright Datalogic 2007-2011 24