Slide 1: Q1 2022 Results
QI 2022 Results Milan, May 3°94, 2022 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: Q1 2022: an excellent start to the year
QI 2022: an excellent start to the year Revenues ~ >. putt Operating 74.5me 2° +10% vs QI 202I © Amplifon S.p.A May 3rd, 2022 EBITDA recurring : 112.9me ‘ Margin at 22.8% *40BPS as QI 2021 _ Leverage 1.64 NFP at 868.6mé€, reducing vs YE 2021 despite seasonality and after ~75m€ investments Net Profit
Slide 4: Financial highlights
QI 2022 Financial highlights Excellent quarter driven by mid-teens revenue profitability expansion Data in €m Ql 2022 Ql 2021 A% REVENUES 495.8 428.5 415.7% Organic growth +8.8% . Acquisitions 45.2% FX +1.7% EBITDA Rec. 112.9 95.9 +17.7% . Margin % 22.8% 22.4% +40bps © Amplifon S.p.A. May 3rd, 2022
Slide 5: Financial results by Region: EMEA
Financial results by Region EMEA: very strong revenue growth and profitability improvement, despite peak in Covid- contagions in January and challenging comparison base in France at the end of the quarter = Revenues at constant FX up ~+9% vs QI 2021 Data in €m Ql 2022 Ql 2021 A% Very strong organic
Slide 6: Financial results by Region: Americas
Financial results by Region AMERICAS: another outstanding and well-above market performance in the US combined with a double-digit growth in Canada and Latam Data in €m Ql 2022 Ql 2021 A% REVENUES 84.0 64.8 429.7% Organic growth +19.6% Acquisitions +3.0% FX +71% EBITDA 20.7 15.7 +31.8% Margin % 24.6
Slide 7: Financial results by Region: APAC
Financial results by Region APAC: strong top-line growth fostered by Bay Audio contribution, though impacted by market softness in the Region = Strong revenue growth at constant FX of +34% vs QI 2021 Pata in €m Qi 2022 G1 2021 A% = Positive organic growth despite market softness due to peak in REVEN
Slide 8: Financial results
QI 2022 Financial results Excellent results across the board with strong operating leverage leading to a Net Profit recurring of ~€33 million, +34% vs QI 202! Data in €m Ql 2022 Ql 2021 A Rec (unless specified) Recurring Reported Recurring Reported 22/21 REVENUES 495.8 495.8 428.5 428.5 415.7% EBITD
Slide 9: Financial results: Operating Cash Flow
QI 2022 Financial results Operating Cash Flow up 10% vs QI 2021 Data in ém Ql 2022! Qi 202! 4 Operating cash flow before repayment of lease liabilities 100.1 90.6 9.4 Repayment of lease liabilities (25.6) (23.0) (2.6) Operating cash flow 74.5 67.7 6.8 Capex (net) (211) (14.8) (6.2) Free cash flow 53
Slide 10: Financial results: NFP and leverage
QI 2022 Financial results NFP and leverage reducing vs YE 2021 after strong investments, M&A bolt-ons and sizeable share buy-back Data in €m 31/03/2022 31/12/2021 Liquidity (292.2) (318.5) Short-term debt 149.3 165.9 Medium/long-term debt 1,015 1,023.8 Net financial debt 868.6 871.2 Lease liabilitie
Slide 11: 2022 Outlook
2022 Outlook Entering 2022 with sound optimism = Overall positive market outlook = Expected 4-5% market growth in FY 2022, supported by a positive contribution from pent-up demand which will more than offset the challenging comparison base in the French market due to the 2021 regulatory reform = We
Slide 12: Investor Relations & Sustainability Contacts
Investor Relations & Sustainability Contacts FRANCESCA RAMBAUDI AMANDA HART GIRALDI FRANCESCO ROMEO. GIULIA LORIA OLGA LEPECHKINA Investor Relations & Sustainability Sr Director Investor Relations Manager Sustainability Manager Investor Relations Specialist Assistant Tel: +39 02 5747 2261 Tel: +39 0