Slide 1: Full Year 2011 Conference Call
Full Year 2011 title Conference Call title 8th March, 2012 date © Copyright Datalogic 2007-2012
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: 2011 Highlights, 2011 Results, Outlook
2011 HIGHLIGHTS 2011 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 3
Slide 4: 2011: Focus on Efficiency and Innovation
2011: Focus on Efficiency and Innovation Efficiency Group reorganisation by market: ADC and IA divisions effective from January 2012 ADC: the new integrated Global Supply Chain Savings for 12.5 M Euro from 2012 Vietnam Plant capacity ready for SMT and 14 products lines, with over 500 employe
Slide 5: 2011: a Year of Acquisitions
2011: a Year of Acquisitions Accu-Sort Systems acquisition to double Industrial Automation market presence Expand our footprint in US Improve expertise in T&L solutions Good financial performance and strong profitability Small acquisition focused on smart cameras and multi-camera systems
Slide 6: 2011: Best Ever Year for Profitability
2011: Best Ever Year for Profitability Full Year 2011 is Datalogic record result Revenues : + 8% to 425.5 M Euro Key Data EBITDA: + 19% to 59.2 M Euro 000€ FY2010 FY2011 Var % Net Profit : + 44% to 25.9 M Euro Revenues 392,742 425,533 8.3% EBITDA 49,759 59,189 19.0% Extraordinary costs for
Slide 7: 2011 Results
2011 HIGHLIGHTS 2011 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 7
Slide 8: Highlights 4Q 2011
Highlights 4Q 2011 Continuous growth in 4Q 2011: The best ever quarter for Datalogic in terms of revenues: +6.6% to 108.2 M Euro Extraordinary costs accounted for the new Supply Chain (1.2 M Euro) and for the acquisitions (1.7 M Euro) Net income more than doubled to 8.7 M Euro Quarterly Grow
Slide 9: 2011 Consolidated P&L
2011 Consolidated P&L 000€ FY2010 % FY2011 % Var % Revenues 392,742 100.0% 425,533 100.0% 8.3% COGS (213,546) -54.4% (228,937) -53.8% Gross Operating Margin 179,196 45.6% 196,596 46.2% 9.7% Other revenues 2,142 0.5% 2,395 0.6% R&D (26,304) -6.7% (26,191) -6.2% Distribution Costs (77,197) -19.7% (80,
Slide 10: Impact of WCO and Acquisitions
Impact of WCO and Acquisitions Extraordinary costs for the new Supply Chain for the ADC (WCO Project) at around 10 M Euro in 2011; payback < 1 year 1.9 M Euro accounted as ordinary costs 8.4 M Euro accounted as non recurring costs All costs for acquisitions already accounted in 2011 €000 2010
Slide 11: Revenues Growth
Revenues Growth REVENUES BY DIVISION REVENUES BY AREA € 000 2010 2011 Var % € 000 2010 2011 Var % Datalogic Mobile (*) 87,751 96,404 9.9% Italy 43,106 45,514 5.6% Datalogic Automation 90,674 96,234 6.1% Europe 156,415 167,577 7.1% Datalogic Scanning 181,659 211,609 16.5% North America 113,187 123,16
Slide 12: Segment Reporting: Revenues and EBITDA
Segment Reporting: Revenues and EBITDA REVENUES EBITDA (€mln) (€mln) 425.5 59.2 392.7 49.7 31.5 211.6 181.7 21.7 87.8 96.4 90.7 96.2 13.8 10.4 8.9 10.9 33.4 36.8 3.8 14.715.7 2.9 3.7 1.9 Scanning Mobile Automation Business DL SpA Total Group Scanning Mobile Automation Business DL SpA Total Group Dev
Slide 13: Segment Reporting: R&D and TWC
Segment Reporting: R&D and TWC R&D COSTS TWC (€mln) (€mln) 26.3 26.2 66.7 57.9 12.2 12.2 30.6 21.5 19.8 5.9 5.3 6.6 6.3 16.5 9.011.1 1.5 1.9 3.9 4.0 4.1 5.2 0.3 0.5 Scanning Mobile Automation Business DL SpA Total Group Scanning Mobile Automation Business DL SpA Total Group Development Development 2
Slide 14: EBITANR - Actual vs Last Year
EBITANR * - Actual vs Last Year Of which -1,921 for the Supply Chain project (€000) Vol. sales/Mix + 5,762 11,861 48,761 Of which -1,678 for M&A activities Service sales + 2,325 10,671 (733) (6,478) 38,121 (13,504) 736 8,087 Exch rate on sales - 8,089 Exch rate on DCOGS + 5,059 Exch rate on Op Exp +
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet €000 At 31/12/2010 At 31/12/2011 Intangible fixed assets 40,998 42,228 Goodwill 106,088 112,152 Tangible fixed assets 50,042 49,991 Non Consolidated investments 3,286 7,951 Other fixed assets 23,088 31,935 Total Fixed Assets 223,502 244,257 Net trade account receivables 69
Slide 16: Net Debt Analysis: 2010 vs 2011
Net Debt Analysis: 2010 vs 2011 Translation effect -1,223 (€000) Acc. Receivable - 4,353 76,497 Tax Payment - 12,133 68,495 Inventory - 13,855 Other -4,483 Acc. Payable +10,054 59,437 17,839 1,911 6,451 4,141 13,590 8,780 8,129 8,154 Net Debt Dec Operating cash Ch Trade NWC Capex Purch./sale Dividen
Slide 17: Outlook
2011 HIGHLIGHTS 2011 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 17
Slide 18: Worldwide Market Trend: ADC and IA
Worldwide Market Trend: ADC and IA AUTOMATIC DATA CAPTURE (ADC) INDUSTRIAL AUTOMATION (IA) ADDRESSABLE MARKET ADDRESSABLE MARKET Factors driving demand: Very fragmented industry with potential additional shift to field mobility deployments markets worth $3B need to increase efficiency and ove
Slide 19: Accu-Sort 2011 Performance
Accu-Sort 2011 Performance In 2011 Accu-Sort reported a very strong set of numbers: Revenues up 15% to 106 US M EBITDA up 17% to 21 US M Accu-Sort key Net Profit up 41% tp 8.6 US M figures 2010A 2011A % $MN In 2012 Accu-Sort will be integrated in Revenues 92.3 106.4 15.3% Datalogic; first
Slide 20: Why Investing in Datalogic?
Why Investing in Datalogic ? Strong Sound Strong positioning in the Prospects Investment Case Industry Worldwide leader in Proven track records Growth above major the ADC and IA competitors Strong potential markets from acquired Balanced presence Datalogic trades at a companies across ma
Slide 21: We Welcome Your Questions!
We Welcome Your Questions! © Copyright Datalogic 2007-2012 21
Slide 22: 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, man