Slide 1: FY 2018 Results Conference Call
FY 2018 Results Conference Call 19 MARCH 2019 Copyright Datalogic 2019 – Confidential Proprietary Information
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: Revenues acceleration in Q4
Revenues acceleration in Q4 2018 RESULTS €m REVENUES €105.5 €62.2 €631.0 EBITDA 16.7% NET INCOME (+2.2%) (+3.5%) +4.1% (+6.4% at constant FX) €306.0 EBITDA GOM MARGIN (+6.1%) (-0.3 p.p.) Q4 RESULTS REVENUES €28.0 €18.6 €164.9 EBITDA NET INCOME +6.2% (+5.1% at €79.2 (+10.3%) 17.0% (+24.1%) constant F
Slide 4: Vertical Results FY 2018
Vertical Results FY 2018 weight €m FY 2018 Var % Net Fx on Total 50.4% Retail 295.4 5.4% 8.0% Double digit growth in NA thanks to projects on Fixed Retail Scanners And Mobile Computers 29.8% Manufacturing 174.6 11.5% 13.1% Double digit growth in China & NA (Net FX) mainly driven by industrial barcod
Slide 5: Group Revenues by geography
Group Revenues by geography FY 2018 weight €m FY 2018 Var % constant FX on Total 50.9% EMEA 320.9 (2.0%) (1.6%) Declining trend entirely due to Retail; positive growth for T&L and Manufacturing 32.6% North America 205.6 13.8% 18.4% Stellar performance in 2019 driven by double digit growth in Retail,
Slide 6: 2018 New Product Launches and innovation
2018 New Product Launches and innovation October November December PowerScan PD9530 Gryphon 41X0 Gryphon 4500 Becomes 41X2 Cordless becomes PD9531 Laser Sentinel Master Slave S3Z Miniature Version Sensor S5N Tubular Sensor TL46 - WE Matrix 220 Rhino II Android version AREX 400 family of Fiber Laser
Slide 7: Q4 2018 P&L
Q4 2018 P&L €m Q4 2018 Q4 2017 Var% Revenues 164.9 155.3 6.2% ▪ Acceleration in Q4 driven by NA +33.9% vs LY (+29.7% vs Net FX) Gross Margin 79.2 75.9 4.4% ▪ Revenues up 6.2% to €164.9m (+5.1% Net FX) %on Revenues 48.0% 48.9% ▪ Gross Margin up 4.4% to €79.2m. Operating expenses (55.2) (54.3) 1.8% %o
Slide 8: FY 2018 P&L
FY 2018 P&L €m 2018 2017 Var% ▪ Revenues up 4.1% to €631.0 m (+6.4% at constant exchange rate) Revenues 631.0 606.0 4.1% ▪ Gross Margin showing steady improving trend at 48.5% (around +90 bps vs 2017) Gross Margin 306.0 288.4 6.1% ▪ Operating expenses up by 7.9% to €215.6m. %on Revenues 48.5% 47.6%
Slide 9: Group EBITDA by division
Group EBITDA by division Division FY 2018 Var % DL Business 102,1 1,9% % on Revenues 17,4% Solution Net Systems 2,9 3,0% % on Revenues 10,4% SNS Informatics Informatics 0,7 358,2% 2.7% 0.7% % on Revenues 3,4% Adjustments (0,2) Group 105,5 2,2% % on Revenues 16,7% ▪ Datalogic EBITDA increasing by 2.2
Slide 10: EBITDA: actual vs last year
EBITDA: actual vs last year €m 17.0 % on Group 16.7 % on Group 7.0 0.7 Revenues Revenues 0.8 14.2 11.9 0.6 105.5 103.3 (20.1) (12.9) -2.4% on DL Business 2018 revenues* FY 2017 Price Volume Mix Service COGS FX Structure SNS/INF FY 2018 Positive Items Negative Items * Excluding Service and other non
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet €m 2018 Dec 2018 2017 Dec 2017 €m 2018 Dec 2018 2017 Dec 2017 Total Fixed Assets 369.7 347.9 Net Financial Position (23.8) (30.1) Trade receivables 90.4 85.8 % on 12m rolling sales 14.3% 14.2% Inventories 95.8 85.9 % on 12m rolling sales 15.2% 14.2% Trade payables (117.1)
Slide 12: Net Debt & Cash Flow Analysis: Dec'17 – Dec'18
Net Debt & Cash Flow Analysis : Dec’17 – Dec’18 Positive Cash flow Acc. Receivable - 4.6 -4.6% on Negative Cash flow Inventory - 9.9 revenues (7.6) Acc. Payable + 6.9 105.5 (28.9) (17.8) (5.7) (16.9) (28.9) 30.1 (6.0) 23.8 Of which: Machineries, equipment and moulds - 12.5 Electronics machineries -
Slide 13: 2019 Outlook
2019 Outlook Group Verticals Financials ▪ Focus on Innovation: increase R&D ▪ Retail: outlook remain very positive in ▪ Keep growth trend on Revenues. investment. NA; expected recovery in EMEA and APAC along the year thanks to new ▪ Substantially stable EBITDA margin. ▪ Commercial organization: Sele
Slide 14: Contact
Contact IR CONTACTS NEXT EVENTS IR Manager April 30, 2019 Vincenza Colucci Shareholders’ meeting CDR Communication Srl Tel. +39 335 6909547 May 14, 2019 vincenza.colucci@cdr-communication.it 1Q 2019 Results IR Assistant August 7, 2019 Daniela Giglioli 6M Results Tel. +39 051 3147109 Fax +39 051 3147
Slide 15: Forward-looking statements notice
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