Amplifon SpA · MIL:AMP
Amplifon SpA — Debt Investor Presentation (July 2020)
16 slides from Amplifon SpA's debt investor presentation, Jul 30, 2020
Slide 1: Update for Credit Investors - H1 2020 Results
Update for Credit Investors - Hl! 2020 Results Milan, July 30t*, 2020 amplifon
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
Slide 3: Q2 2020: Revenues affected by Covid-19 particularly in April but materially improving
Q2 2020: Revenues affected by Covid-19 particularly in April but materially improving during the quarter Actions on costs and cash flow delivering impressive results = Revenues down 42.8% at constant FX due to CovicH9 outbreak, still outpacing the global hearing care retail market Organic contractio
Slide 4: Trading update
Trading update Faster-than-expected recovery, July trading above previous year = Impressive pace of recovery, improving sequentially during the quarter and strongly correlated with the ease of lockdown restrictions * April running at ~—65% vs prior year with ~35%! of network operating = May at ~-45%
Slide 5: Q2 2020 Financial highlights
Q2 2020 Financial highlights Financials far better-than-expected with impressive results on profitability and cash flow, thanks to timely and effective measures = Revenues down 42.8% in LC Pata in ém @2 2020 Q2 2019 A% = Organic performance at -44.I%, due to Covid-I9 outbreak REVENUES. 250.4 440.1 -
Slide 6: H1 2020 Financial highlights
HI 2020 Financial highlights Highly encouraging results reflecting solid speed of recovery and strong ability in managing cost base and cash flow = Revenues down 26.0% in LC Data in €m HI 2020 HI 2019 a% * Organic performance at -27.8%, due to Covid-I9 outbreak REVENUES 613.9 832.0 -26.2% * M&A cont
Slide 7: Financial results by Region - EMEA
Financial results by Region EMEA: performance affected by Covid-I9 but significantly improving both on top-line and profitability since end of April Data in €m HI 2020 HI 2019 A% REVENUES 4375 607.1 -27.9% Organic growth -29.6% Acquisitions H1.5% FX +0.2% EBITDA 102.9 147.3 -30.2% Margin % 23.5% 24.
Slide 8: Financial results by Region - Americas
Financial results by Region AMERICAS: varied timing and impact of Covid-I9 across the Region, with the core US market showing the strongest speed of recovery Data in €m HI 2020 HI 2019 A% REVENUES 104.6 131.9 -20.7% Organic growth -21.3% Acquisitions +0.4% FX +0.2% EBITDA 227 2911 22.1% Margin % 21.
Slide 9: Financial results by Region - APAC
Financial results by Region APAC: leading the recovery on the top-line and showing an outstanding operating leverage = Revenues down -17.8% in LC Data in €m HI 2020 HI 2019 A% + Organic performance at -23.5% * M&A contribution at +5.7% related to Attune acquisition REVENUES 718 91.0 - 211% . * Curre
Slide 10: Q2 2020 Financial results
Q2 2020 Financial results Results far better-than-expected despite extraordinary Covid-l9 impact on business Data in €m Q2 2020 Q2 2019 A% Rec. (unless specified) Recurring Reported REVENUES 250.4 440.1 440.1 43.1% EBITDA! 66.4 107.6 103.2 -38.3% Margin % 26.5% 24.5% 23.5% = ORDINARY D&A (39.5) (37.
Slide 11: H1 2020 Financial results
Hi 2020 Financial results Results far better-than-expected despite extraordinary Covid-19 impact on business Data in €m HI 2020 HI 2019 A% Rec. (unless specified) Recurring Reported REVENUES 613.9 832.0 852.0 -26.2% EBITDA! 131.3 186.6 180.8 -29.6% Margin % 214% 22.4% 21.7% = ORDINARY D&A (80.2) (72
Slide 12: H1 2020 Financial results - cash flow
Hi 2020 Financial results Outstanding cash flow generation with Free cash flow up +24.6%, despite Covid-I9 outbreak Data in €m HI 2020! HI 20197 A Operating cash flow before repayment of lease liabilities 121.6 139.5 (17.9) Repayment of lease liabilities (27.7) (39.7) 12.0 Operating cash flow 93.9 9
Slide 13: Excellent NFP with leverage at 2.18x
Hi 2020 Financial results Excellent NFP with leverage at 2.18x and further strengthened financial profile Data in €m 30/06/2020 31/12/2019 Cash (427.2) (138.4) Short-term debt 66.4 172.4 Medium/long-term debt 1,126.2 752.6 Net financial debt 765.3 786.7 Lease liabilities 442.7 424.6 Total financial
Slide 14: Company's financial solidity further reinforced
Company’s financial solidity further reinforced Refinancing secured additional ~€370 million credit lines and extended maturities for €240 million Committed credit lines after refinancing (€m) Committed credit lines maturity after refinancing (€m) Principal Maturity Bond 7-yr 350 2027 350 Private pl
Slide 15: 2020 Outlook
2020 Outlook Looking ahead with confidence = Whilst we remain cautious about the future developments of the Covid-I9 outbreak, we believe the worst is behind us = The impressive speed of recovery since the easing of restrictive measures and the actual July run rate clearly demonstrate the resilience
Slide 16: Investor Relations Contacts
Investor Relations Contacts FRANCESCA RAMBAUDI AMANDA HART GIRALDI OLGA LEPECHKINA Director Specialist Assistant Tel: +39 02 5747 2261 Tel: +39 02 5747 2317 Tel: +39 02 5747 2542 iK ri i Mi amanda.giraldi@amplifon.com olga.lepechkina@amplifon.com amplifon