Amplifon SpA · MIL:AMP

Amplifon SpA — Q2 2022 Earnings Presentation

14 slides from Amplifon SpA's earnings presentation, Jul 28, 2022

  1. Slide 1: Q2 & H1 2022 Results

    Q2 & H1 2022 Results M i l a n , J u l y 2 8 th, 2 0 2 2

  2. Slide 2: Disclaimer

    Disclaimer The following applies to this document, the oral presentation of the information in this document by Amplifon S.p.A. (the “Company”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the “Information”). In accessi

  3. Slide 3: Q2 2022: High-single-digit revenue growth and outstanding profitability expansion

    Q2 2022: High-single-digit revenue growth and outstanding profitability expansion despite exceptionally high comps Revenues EBITDA recurring Net Profit recurring 541.4m€ 147.3m€ 57.0m€ ~+8% vs Q2 2021 Margin at 27.2% Margin at 10.6% +0.5% organic growth +40bps vs Q2 2021 +5.2% vs Q2 2021 Operating C

  4. Slide 4: Q2 2022 Financial highlights

    Q2 2022 Financial highlights Another quarter of market share gains and high-single-digit revenue growth despite an exceptional comparison base (Q2 2021 ~+20% vs Q2 2019)  Revenues at constant FX up +5.0% vs Q2 2021 Data in €m Q2 2022 Q2 2021 Δ 22/21  Organic growth at +0.5% vs Q2 2021, above marke

  5. Slide 5: H1 2022 Financial highlights

    H1 2022 Financial highlights Double-digit revenue growth and outstanding profitability expansion  Revenues at constant FX up +9.1% vs H1 2021 Data in €m H1 2022 H1 2021 Δ 22/21  Organic growth at +4.3%, above market  Remarkable comparison base (~+17% in H1 2021 vs H1 2019) REVENUES 1,037.2 931.8

  6. Slide 6: Financial results by Region: EMEA

    Financial results by Region EMEA: Excellent profitability despite very high comparison base and anticipated French regulatory reform anniversary in the second quarter  Revenues at constant FX slightly increasing vs Q2 2021 Data in €m Q2 2022 Q2 2021 Δ 22/21  Flattish organic performance despite 

  7. Slide 7: Financial results by Region: Americas

    Financial results by Region AMERICAS: excellent organic growth and continued market share gains, despite a truly exceptional comparison base, combined with an outstanding improvement in profitability  Excellent revenue growth at constant FX of over 10% Data in €m Q2 2022 Q2 2021 Δ 22/21  Outstandi

  8. Slide 8: Financial results by Region: APAC

    Financial results by Region APAC: strong top-line performance fostered by Bay Audio contribution, though still impacted by pandemic-related softness across markets  Strong revenue growth at constant FX of +27.5% Data in €m Q2 2022 Q2 2021 Δ 22/21  Organic performance at -3.4% due to still high Cov

  9. Slide 9: Q2 2022 Financial results

    Q2 2022 Financial results Delivering solid results across the board Data in €m Q2 2022 Q2 2021 Δ Rec (unless specified) Recurring Reported Recurring Reported 22/21 REVENUES 541.4 541.4 503.3 503.3 +7.6% EBITDA 147.3 145.3 134.8 132.9 +9.2% Margin % 27.2% 26.8% 26.8% 26.4% -- ORDINARY D&A (48.5) (48.

  10. Slide 10: H1 2022 Financial results

    H1 2022 Financial results Excellent half-year results, net profit recurring up over +14% Data in €m H1 2022 H1 2021 Δ Rec (unless specified) Recurring Reported Recurring Reported 22/21 REVENUES 1,037.2 1,037.2 931.8 931.8 +11.3% EBITDA 260.1 255.1 230.7 226.4 +12.7% Margin % 25.1% 24.6% 24.8% 24.3%

  11. Slide 11: H1 2022 Financial results: cash generation

    H1 2022 Financial results Solid cash generation vs exceptionally high H1 2021 Data in €m H1 2022 H1 2021 Δ Operating cash flow before repayment of lease liabilities 207.8 201.2 6.6 Repayment of lease liabilities (52.2) (45.9) (6.4) Operating cash flow 155.6 155.4 0.2 Capex (net) (48.0) (36.6) (11.4)

  12. Slide 12: H1 2022 Financial results: leverage

    H1 2022 Financial results Leverage at 1.67x, slightly reducing vs year-end 2021 after strong investments (~€80m Capex & M&A cash-out) and shareholders’ returns (~€100m dividend distribution & share buy-back) Data in €m 30/06/2022 31/12/2021 Liquidity (212.3) (318.5) Short-term debt 157.6 165.9 Mediu

  13. Slide 13: 2022 Outlook

    2022 Outlook  In an environment characterized by increasing volatility and uncertainty, our H1 was overall in line with plan  Looking into H2  Still high organic comparative figures in Q3, then easing in Q4  The French hearing care market is expected to develop in line with FY 2022 assumptions o

  14. Slide 14: Investor Relations & Sustainability Contacts

    Investor Relations & Sustainability Contacts FRANCESCA RAMBAUDI FRANCESCO ROMEO GIULIA LORIA Investor Relations & Sustainability Sr Director Sustainability Manager Investor Relations Specialist Tel: +39 02 5747 2261 Tel: +39 344 2723 416 Tel: +39 349 3959714 francesca.rambaudi@amplifon.com Francesco

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