Amplifon Spa · MIL:AMP
Amplifon Spa — Q1 2023 Earnings Presentation
12 slides from Amplifon Spa's earnings presentation, May 2, 2023
Slide 1: Q1 2023 Results
Q1 2023 Results M i l a n , M a y 2 nd, 2 0 2 3
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 2023: a truly excellent start to the year
Q1 2023: a truly excellent start to the year Revenues EBITDA recurring Net Profit recurring 540m€ 124m€ 35m€ +9% vs Q1 2022 Margin at 22.9% +6% vs Q1 2022 +7.4% organic growth +10bps vs Q1 2022 Operating Cash Flow Leverage M&A bolt-ons 73m€ 1.48x ~100 PoS Roughly in line with strong Q1 2022 NFP at 8
Slide 4: Q1 2023 Financial highlights
Q1 2023 Financial highlights Excellent quarter driven by a very strong organic growth Outstanding revenue growth of +9.3% at constant FX and Data in €m Q1 2023 Q1 2022 Δ% +9% at current FX vs Q1 2022 REVENUES 540.3 495.8 +9.0% Very strong, well-balanced and above market organic growth at +7.4%,
Slide 5: Financial results by Region: EMEA
Financial results by Region EMEA: strong revenue growth and profitability expansion, despite still some market- related softness and a challenging comparison base Revenues up ~+6% at both constant and current FX vs Q1 2022 Data in €m Q1 2023 Q1 2022 Δ% Strong and well-above market organic growth
Slide 6: Financial results by Region: Americas
Financial results by Region AMERICAS: another outstanding and above market performance for the Group’s fastest-growing Region Excellent revenue growth of +19.4% at constant FX and +20% Data in €m Q1 2023 Q1 2022 Δ% at current FX vs Q1 2022 REVENUES 100.9 84.0 +20.0% Outstanding organic growth at
Slide 7: Financial results by Region: APAC
Financial results by Region APAC: excellent top-line growth fostered by double-digit organic growth in Australia and China and profitability improvement Excellent revenue growth of +13.4% at constant FX and Data in €m Q1 2023 Q1 2022 Δ% +11.4% at current FX vs Q1 2022 REVENUES 79.6 71.5 +11.4% O
Slide 8: Q1 2023 Financial results
Q1 2023 Financial results Excellent results across the board Data in €m Q1 2023 Q1 2022 Δ Rec (unless specified) Recurring Reported Recurring Reported 23/22 REVENUES 540.3 540.3 495.8 495.8 +9.0% EBITDA 123.5 115.6 112.9 109.8 +9.5% Margin % 22.9% 21.4% 22.8% 22.1% - ORDINARY D&A (50.1) (50.1) (46.1
Slide 9: Financial results: operating cash flow
Q1 2023 Financial results Operating Cash Flow roughly in line with strong Q1 2022 Data in €m Q1 2023 Q1 2022 Δ Operating cash flow before repayment of lease liabilities 100.9 100.1 0.8 Repayment of lease liabilities (28.0) (25.6) (2.4) Operating cash flow 72.9 74.5 (1.6) Capex (net) (26.6) (21.1) (5
Slide 10: Financial results: NFP and leverage
Q1 2023 Financial results NFP and leverage reducing vs YE 2022 after strong Capex and sizeable M&A cash-out Data in €m 31/03/2023 31/12/2022 Liquidity (194.6) (229.6) Short-term debt 273.8 251.7 Medium/long-term debt 747.1 807.9 Net financial debt 826.4 830.0 Lease liabilities 479.0 468.6 Total fina
Slide 11: 2023 Outlook
2023 Outlook Strong start to the year and increasing visibility support sound optimism for 2023 After three quarters of negative market demand, in Q1 our reference market was back to growth, although below historical levels Even if some degree of uncertainty persists in the current macro-economi
Slide 12: Investor Relations & Sustainability Contacts
Investor Relations & Sustainability Contacts FRANCESCA RAMBAUDI AMANDA HART GIRALDI FRANCESCO ROMEO OLGA LEPECHKINA Investor Relations & Sustainability Sr Director Investor Relations Manager Sustainability Manager Assistant Tel: +39 02 5747 2261 Tel: +39 02 5747 2317 Tel: +39 344 2723 416 Tel: +39 0