Slide 1: H1-23 results
H1-23 results July, 2023 C3 - Restricted Natixis
Slide 2: Forward looking statements
For w ar d look ing statements Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to This presentation differ materially from the future results expressed, forecasted or imp
Slide 3: Highlights
Highlights C3 - Restricted Natixis
Slide 4: H1-2023 highlights
H1-2023 highlights → H1 in line, but impacted by weaker demand than last year → Demand for Connected Home has been impacted by a lower demand and a cautious attitude of our main clients → The structural decline in demand for DVDs amplified by inventory adjustments, hit SCS’ profitability, and trigge
Slide 5: 2023 guidance
2023 guidance The plan was prepared considering the weaker market situation and with the efficiency measures launched, we confirm the FY guidance: Adjusted Adjusted Free Cash Outlook EBITDA >€140m EBITA >€45m Flow* >€50m Maintained * before financial and tax 5 C3 - Restricted Natixis
Slide 6: H1 2023 highlights
H1 2023 highlights REVENUES (in € million) Adjusted EBITDA (in € million) FCF (before financial and tax, in € million) -12.9% @ current rate €1,193m -13.5% @ constant rate 0 €1,038m (21) 0 -32.4% (74) -10% 897 @ current @ current rate rate 807 margin €73m -33.3% 6.1% @ constant rate €49m margin 4,7%
Slide 7: Update
Update C3 - Restricted Natixis
Slide 8: Connected Home in H1 2023
Connected Home in H1 2023: Weak activity due to market conditions and high basis of comparison Weaker demand in AMERICAS due mostly to CONTINUED INNOVATION cable and high customer’s inventory. Video devices in decline, primarily in Latam satellite ➔ Expansion of 5G FWA portfolio and first market. wi
Slide 9: Connected Home: Financial Performance
Connected Home: Financial Performance H1 23: VOLUME DECLINE 2023 OUTLOOK REVENUES (in € million) ADJUSTED EBITDA (in € million) ➔ Telcos are reducing their EBITDA MARGIN (in %) Broadband demand due to high 897 Video inventories from chip crisis and -10.0% weaker customer demand @ current rate 807 -1
Slide 10: Supply Chain Solutions H1 2023
Supply Chain Solutions H1 2023: DISC BUSINESS: NO.1 IN THE WORLD with 65% world market share and 90% US market share. 238 16 As planned, going back to normalized pre-covid sales conditions. 63 DISC VOLUMES BREAKDOWN (in millions of units) 11 142 STRICTER GROWTH 46 → Manufacturing volumes down 40% vs
Slide 11: Supply Chain Solutions Outlook
Supply Chain Solutions Outlook: H1 2023 ADJUSTED EBITDA (in € million) REVENUES (in € million) EBITDA MARGIN (in %) -21.9% @ current rate 296 231 5.2% -55.0% 3.0% -22. 4% @ constant @ current rate 15 rate 7 2023 Outlook H1 2022 H1 2023 H1 2022 H1 2023 REVENUES DOWN 22% YOY EBITDA MARGIN TEMPORARILY
Slide 12: C3 - Restricted Natixis
C3 - Restricted Natixis
Slide 13: Key figures H1 – Group
Key figures H1 – GROUP H1 23 H1 22 Variation in € million Revenues 1,038 1,193 (155) Adjusted EBITDA 49 73 (24) in % of Revenues 4,7% 6.1% (137)bps D&A (1) & Reserves (2) w/o PPA amortization (40) (51) 11 Adjusted EBITA 9 22 (13) PPA amortization (13) (16) 3 Non-recurring items (146) (17) (129) EBIT
Slide 14: From Adjusted EBITDA to EBIT in summary
From Adjusted Ebitda TO EBIT IN SUMMARY H123 H1 22 variation in € million Adjusted EBITDA 49 73 (24) D&A & Reserves(1) w/o PPA amortization (40) (51) 11 Adjusted EBITA 9 22 (13) PPA amortization (13) (16) 3 Impairments & write-off (135) (2) (133) Restructuring (8) (6) (2) Other Non-Current (4) (9 )
Slide 15: From EBIT to Net Result Group
From EBIT to Net Result Group H123 H122 Variation in € million EBIT Continuing (150) (11) (139) Net Interest Expense (29) (64) 34 Other Financial (25) 3 (29) Net financial result (55) (61) 5 Profit before Tax (205) (72) (133) Tax 3 (4) 7 Share of gain (profit) from associates (25) 0 (25) Net Result
Slide 16: Free Cash Flow from continuing operations
Free Cash Flow (1) from continuing operations FREE CASH FLOW FROM CONTINUING OPERATIONS: H1 2023 VS. H1 2022 (21) 155 (24) (74) (12) (1) (20) 4 FCF H1 2022 EBITDA Net Capex Restructuring Chg Pensions & Others FCF H1 2023 as published WC/OAL as published In € million (1) Before interest and tax 16 C3
Slide 17: Liquidity amounted to €66m
Liquidity and DEBT Amount of credit Available credit Drawn Available Liquidity at June 30, 2023(€m) line line (1) amount amount Cash on hand 39 Committed credit facilities: Wells Fargo credit line ($125m) 115 56 29 27 Liquidity 66 Liquidity amounted to €66m €m Nominal Amount at June 30, 2023 Total G
Slide 18: Thank you
Thank you V A N T I V A . C O M C3 - Restricted Natixis
Slide 19: Glossary of Terms
Glossary of Terms Abbreviation Definition Abbreviation Definition $ American Dollar Earnings before Interest, Tax, Depreciation and EBITDA Amortization € Euro EU European Union B2B Business-to-Business FCF Free-Cash-Flow BB Broadband GPON Gigabit Ethernet Passive Optical Network BD Blu-ray Disc IoT
Slide 20: Glossary of Terms (Cont’d)
Glossary of Terms (Cont’d) ● Adjusted EBITDA: profit (loss) from continuing operations before tax and net financial income (expense), net of other income (expense), depreciation and amortization (including impact of provision for risks, litigation and warranties) ● Adjusted EBITA: profit (loss) from