Datalogic S.p.a. · MIL:DAL
Datalogic — STAR Conference 2010 – Milan
32 slides from Datalogic's conference presentation, Mar 17, 2010
Slide 1: Company Presentation – STAR Conference 2010 Milan
Company Presentation STAR Conference 2010 – Milan March 17th, 2010 © Copyright Datalogic 2007-2010
Slide 2: The Group / Market and Offering / Financial Data / Stock and Governance
THE GROUP THE MARKET AND THE OFFERING FINANCIAL DATA AND GUIDELINES STOCK AND GOVERNANCE © Copyright Datalogic 2007-2010 2
Slide 3: Datalogic: worldwide leader in Automatic Data Capture
Datalogic is globally recognized as a worldwide leader in the Automatic Data Capture (ADC) market and a world-class producer of bar code readers, data collection mobile computers, RFID systems and photoelectric sensors for the industrial automation sector © Copyright Datalogic 2007-2010 3
Slide 4: Datalogic at a Glance
Datalogic at a Glance Corporate HQ in Bologna, Italy Founded in 1972 Listed on the STAR Segment (STAR: DAL.MI) of the Italian Stock Exchange since 2001 About 2,000 staff members across Europe, the United States, Asia and Oceania Research & Development investments at > €25 million in 2009 +30 new pro
Slide 5: A History of Growth
A History of Growth CAGR 2001-2009: ~14% Acquisition of Informatics Inc. (TX, U.S.A.) Listing on the Milan Stock Exchange Acquisition of PSC Inc. (OR, U.S.A.) Acquisition of Minec Acquisition of AB (Sweden) Datasensor SpA Acquisition of Laservall SpA (AO, Italy) Completed transformation into 3 divis
Slide 6: A Wide Geographical Footprint
A Wide Geographical Footprint 2009 Total Sales of 312M€ Italy 13% Europe 40% North America 29% APAC 10% ROW 9% The new plant in Vietnam will produce approx. 60% of the Scanning Division’s products in the next future Direct presence in 30 countries worldwide <2,000 employees 7 Manufacturing Plants 8
Slide 7: Datalogic Group
Datalogic Group DATALOGIC S.p.A HQ BOLOGNA, CORPORATE Datalogic Scanning Datalogic Mobile Datalogic Automation Business Development (*) HQ Eugene, OR, USA HQ Bologna, Italy HQ Bologna, Italy HQ Bologna, Italy (47% of 12M09 total sales) (22% of 12M09 total sales) (21% of 12M09 total sales) (10% of 12
Slide 8: The Market and the Offering
THE GROUP THE MARKET AND THE OFFERING FINANCIAL DATA AND GUIDELINES STOCK AND GOVERNANCE © Copyright Datalogic 2007-2010 8
Slide 9: Datalogic Reference Market
Datalogic Reference Market ADC Automatic Data Capture Worldwide Available Market Stationary Industrial Stationary Retail Scanners Hand Held Scanners Asia – Pacific Americas Scanners 9.7% 18.7% 18.4% 44.4% 9.7% Mobile Computers 61.9% Emea 37.2% 2008 ADC market, printers excluded Hand Held Mobile Comp
Slide 10: Datalogic Positioning in ADC Market
Datalogic Positioning in ADC Market 3rd Player in the ADC Market “Top 20 Automatic Data Capture (ADC) Suppliers, 2009” published by Modern Materials Handling, October 1, 2009 - data compiled by VDC Research Group (base year 2008) © Copyright Datalogic 2007-2010 10
Slide 11: Datalogic Scanning Division
Datalogic Scanning Division POS Stationary Scanners Handheld Scanners #1 Worldwide, 29.6% mkt share #1 in EMEA, 31.6% mkt share #3 Worldwide, 16.7% mkt share Datalogic Magellan Scanner/Scales Over 3 million Datalogic handheld have been installed by every one of the scanners have been sold since 1998
Slide 12: Datalogic Automation Division
Datalogic Automation Division Identification Sensors Laser Marking Product Group Product Group & Processing Product Group Industrial Stationary Scanners #1 in EMEA, 24.4% mkt share #3 Worldwide, 12.8% mkt share Safety & Vision Measurement Product Group Product Group A wide range of cutting edge solu
Slide 13: Datalogic Mobile Division
Datalogic Mobile Division Mobile Computers Datalogic Mobile – EBS #4 in EMEA, 8.8% mkt share Self Shopping Solutions #4 Worldwide, 4.9% mkt share Over 330 installations in Europe! #1 in Italy with 140 installations #1 in France with 107 installations #1 in Belgium with 88 installations A full range
Slide 14: Business Development - Informatics
Business Development - Informatics Complete Range of Easy-To-Use Barcoding Solutions Barcoding solutions for the millions of Small – Medium Business that increase productivity and profitability Based in the US, serving over 155 thousand small and medium businesses! Business Development (including on
Slide 15: Datalogic Customers
Datalogic Customers The Biggest Retailers in the World work with us The Biggest Retailers in Europe work with us 300+ installations of Self Shopping in Europe The Biggest Couriers in the World work with us © Copyright Datalogic 2007-2010 15
Slide 16: Datalogic Customers
Datalogic Customers Atlanta International Airport London Heathrow Airport Tokyo Haneda Airport Paris Charles De Gaulle Airport Madrid Barajas Airport Bangkok New Suvannabhumi The Major Airports in the World work with us New York JFK Airport London Gatwick Airport Tokyo Narita Airport Roma Fiumicino
Slide 17: Reference Market Growth Trends
Reference Market Growth Trends GLOBAL TRENDS Globalization of the World economy Increased focus on gaining efficiencies and cost reduction in supply chains Greater safety and security concerns MARKET DYNAMICS Proliferation of products in manufacturing processes Separation of supply chain and growing
Slide 18: Datalogic Growth Strategy
Datalogic Growth Strategy 1 Focus on two major pillars of growth: ADC (Automatic Data Capture) and Automation markets 2 Foster external growth through M&A activities, mainly in the Automation market that is very fragmented 3 Expand emerging market presence, through strategic alliances and foreign in
Slide 19: Financial Data and Guidelines
THE GROUP THE MARKET AND THE OFFERING FINANCIAL DATA AND GUIDELINES STOCK AND GOVERNANCE © Copyright Datalogic 2007-2010 19
Slide 20: Q4 2009 Highlights
Q4 2009 Highlights Revenues, EBITDA & EBITANR by Quarter FY09 in 000€ 000€ Q4 09 Q4 08 var% Revenues 86,845 95,478 -9% +14.2% Gross Operating Margin (GOM) 36,752 40,575 -9.4% Ord.Operating Profit 5,641 6,501 -13.2% (EBITANR*) Operating Profit (EBIT) 4,799 4,735 1,4% EBT 2,864 3,153 -9.2% Net Income
Slide 21: 2009 Highlights
2009 Highlights 000€ 12M 2009 12M 2008 Revenues 311,971 379,820 Gross Operating Margin (GOM) 130,369 168,055 Ord.Operating Profit (EBITANR*) 6,223 35,338 Operating Profit (EBIT) (5,575) 30,713 EBT (12,837) 25,913 Net Income (12,164) 17,844 EBITDA 19,634 47,762 Datalogic reference market has experien
Slide 22: Ebitnar Analysis
Ebitnar* Analysis 000€ Positive EBITANR variance 35,336 Negative EBITANR variance 2,800 23,949 1,249 806 8,115 6,222 Act Dec'08 Price Vol. New Prod Exch rate € Oper Exp Datasensor Other Act Dec'09 Sales/Mix vs $ Informatics 1,699 10,433 48,837 Datalogic trend in revenues and margins reflects the ref
Slide 23: Segment Reporting in brief
Segment Reporting in brief 12M 2009 REVENUES BY DIVISION 12M 2009 REVENUES BY GEOGRAPHIC AREA 000€ 12M09 12M08 Var% 000€ 12M09 12M08 (*) Var% Datalogic Mobile (*) 68,127 93,372 -27% Italy 39,039 41,949 -7% Datalogic Automation 66,958 70,113 -4% Europe 123,298 161,913 -24% Datalogic Scanning 146,982
Slide 24: Net Debt Analysis
Net Debt Analysis 000€ Positive Cash flow Negative Cash flow 93,250 Excluding non recurring outflows, dividends and own shares, Net Debt would be 93.2M€ Net Debt closed 2009 at 100.5 M€ (vs. 106.9 M€ at Dec 31st, 2008), after capital expenditures of 7.3M€, and payments for 1.9M€ for dividend distrib
Slide 25: 2010 Guidelines
2010 Guidelines Boost revenues growth, expected in the range of 7-8% Recover margins and profitability, focusing on the cost cutting and efficiency program implemented in H1 2009 enhancing economies of scale, synergies and process efficiency Maintain R&D investments at approx. 7-8% of total sales Ke
Slide 26: Stock and Governance
THE GROUP THE MARKET AND THE OFFERING FINANCIAL DATA AND GUIDELINES STOCK AND GOVERNANCE © Copyright Datalogic 2007-2010 26
Slide 27: Stock and Governance
Stock and Governance Shareholders’ Structure Board Members and Committees Members VOLTA ROMANO, Chairman of the Board SACCHETTO MAURO, Chief Executive Officer CARUSO PIER PAOLO, Director CRISTOFORI GIANLUCA, Director, member of Remuneration Committee and Chairman of Audit Committee DI STEFANO LUIGI,
Slide 28: We Welcome Your Questions!
WE WELCOME YOUR QUESTIONS! © Copyright Datalogic 2007-2010 28
Slide 29: Annexes
ANNEXES © Copyright Datalogic 2007-2010 29
Slide 30: 12M 2009 Consolidated P&L
12M 2009 Consolidated P&L 000€ 12M 2009 % 12M 2008 % Var % Revenues 311,971 100.0% 379,820 100.0% -17.9% COGS (181,602) -58.2% (211,765) -55.8% Gross Operating Margin 130,369 41.8% 168,055 44.2% -22.4% Other revenues 2,210 0.7% 10,473 2.8% R%D (24,885) -8.0% (25,306) -6.7% Distribution Costs (68,101
Slide 31: 2009 Consolidated Balance Sheet
2009 Consolidated Balance Sheet 000€ At 31/12/2009 At 31/12/2008 Intangible fixed assets 39,621 49,011 Goodwill 87,081 89,679 Tangible fixed assets 50,822 52,594 Non Consolidated investments 2,675 3,322 Other fixed assets 23,181 21,858 Total Fixed Assets 203,380 216,464 Net trade account receivables
Slide 32: 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, m