Slide 1: H1 2016 Results
H1 2016 Results July 27th, 2016
Slide 2: Disclaimer
Disclaimer The information contained herein and other material discussed during the conference call, particularly the ones regarding any possible or assumed future performance of the Amplifon Group, are or may be forward looking statements and in this respect they involve some risks and uncertaintie
Slide 3: Q2 2016 & H1 2016 Key takeaways
Q2 2016 & H1 2016 Key takeaways Strong commitment to execution Continued sustained growth (Q2 2016: +10.0%1; H1 2016: +10.6%1) Strong comparable basis 10th consecutive quarter of robust organic growth Balanced growth across Regions Strong profitability improvement, fostered by EMEA Execu
Slide 4: Amplifon's new global brand identity: June 7th, 2016
Amplifon’s new global brand identity: June 7th, 2016 4
Slide 5: Q2 2016 Financial highlights
Q2 2016 Financial highlights Strong momentum persists Data in €m Q2 2016 Q2 2015 Δ% REVENUES 289.7 268.9 +7.7% Organic growth +7.6% Acquisitions +2.4% FX -2.3% EBITDA RECURRING 54.0 48.3 +11.9% Margin % 18.6% 17.9% Another quarter of double-digit growth at constant FX (+10.0%) Strong Q2 2015 com
Slide 6: H1 2016 Financial highlights
H1 2016 Financial highlights Robust business trend Data in €m H1 2016 H1 2015 Δ% REVENUES 544.2 500.3 +8.8% Organic growth +7.9% Acquisitions +2.7% FX -1.8% EBITDA RECURRING 88.0 78.6 +12.0% Margin % 16.2% 15.7% Strong sales in all Regions Stellar performance in EMEA: +11.6%1 Solid trading in
Slide 7: Revenues roadmap by Geography
Revenues roadmap by Geography Strong performance in all three Regions continues EMEA 67.4% of H1 2016 Revenues H1 16: +11.6% in LC YoY Q2 16: +10.6% in LC QoQ AMERICAS 18.6% of H1 2016 Revenues H1 16: +6.2% in LC YoY Q2 16: +6.3% in LC QoQ APAC 14.0% of H1 2016 Revenues H1 16: +11.2% in LC YoY Q2 16
Slide 8: Financial results by Region: EMEA
Financial results by Region EMEA: strong sales growth driving profitability Performance well above market reference Data in €m H1 2016 H1 2015 Δ% Excellent organic growth further accelerated by REVENUES 366.2 330.6 +10.8% acquisitions over a strong H1 2015 comparable basis Organic growth +8.1%
Slide 9: Piecemeal acquisitions at full speed in Germany
Piecemeal acquisitions at full speed in Germany 105 shops acquired in 2016YTD Amplifon’s network in Germany: Acquisition of two high-quality retail chains in July 2016 365 shops (+40% vs YE 2015) 62 shops throughout 24 shops located in Germany Northern Germany ~140 employees ~80 employees
Slide 10: Financial results by Region: AMERICAS
Financial results by Region AMERICAS: solid trading performance Continued positive momentum on a remarkable Data in €m H1 2016 H1 2015 Δ% performance of H1 2015 REVENUES 101.5 96.0 +5.7% Solid organic growth in line with the market Organic growth +5.3% Strong performance of Miracle Ear Acquisi
Slide 11: Financial results by Region: APAC
Financial results by Region APAC: outstanding performance affected by FX headwind Steady revenue growth, affected by negative FX Data in €m H1 2016 H1 2015 Δ% Strong H1 2015 comparable basis (+14.2% in REVENUES 76.1 73.6 +3.4% LC) Organic growth +9.9% Double-digit organic growth acceleration i
Slide 12: H1 2016 Financial results
H1 2016 Financial results Continued improvement in all profitability lines Data in €m (unless specified) H1 2016 H1 2016 H1 2015 H1 2015 Δ% Recurring Reported Recurring Reported Recurring REVENUES 544.2 544.2 500.3 500.3 +8.8% EBITDA1 88.0 85.5 78.6 71.8 +12.0% Margin % 16.2% 15.7% 15.7% 14.4% EBIT1
Slide 13: H1 2016 Financial results: Strong operational cash generation
H1 2016 Financial results Strong operational cash generation Data in €m H1 2016 H1 2015 OPERATING CASH FLOW (A)1 40.8 37.0 CAPEX (B) (21.2) (18.6) DISPOSALS (B) 0.4 1.4 FREE CASH FLOW (A+B) 20.0 19.8 ACQUISITIONS (C) (15.5) (20.6) OTHER ACQUISITIONS/DISPOSALS (D) 0.0 4.3 CASH FLOW PROVIDED BY (USED
Slide 14: H1 2016 Financial results: Solid capital structure
H1 2016 Financial results Solid capital structure to sustain future growth opportunities Data in €m 30/06/2016 31/03/2015 31/12/2015 CASH (194.9) (189.0) (196.7) SHORT-TERM DEBT 31.5 20.0 19.1 MEDIUM/LONG-TERM DEBT 377.1 382.1 382.5 NET DEBT 213.8 213.1 204.9 EQUITY 516.4 503.4 500.2 NET DEBT/EBITDA
Slide 15: 2016 Outlook
2016 Outlook Optimism ahead Entering H2 2016 with a solid H1 behind Amplifon’s strong momentum is expected to continue in a positive environment in H2 2016 Drivers: increasing volumes with stable ASP Top-line growth, above market reference Contribution from all Regions Solid organic grow
Slide 16: Annexes
Annexes amplifon
Slide 17: Revenue breakdown by segment
Revenue breakdown by segment Δ% in Data in €m H1 2016 % H1 2015 % Δ% Δ% FX OG % local currency EMEA 366.2 67.4% 330.6 66.1% 10.8% -0.8% 11.6% 8.1% AMERICAS 101.5 18.6% 96.0 19.2% 5.7% -0.5% 6.2% 5.3% APAC 76.1 14.0% 73.6 14.7% 3.4% -7.8% 11.2% 9.9% Total 544.2 100.0% 500.3 100.0% 8.8% -1.8% 10.6% 7.
Slide 18: Contacts
Contacts Amplifon S.p.A. Via G. Ripamonti. 133 20141 Milano (MI) - Italy Phone: +39 02 5747 21 Fax: +39 02 5730 0033 ir@amplifon.com ir@amplifon.com Investor relations team FRANCESCA RAMBAUDI AMANDA HART GIRALDI OLGA LEPECHKINA Investor Relations Director Investor Relations Analyst Investor Relation