Slide 1: Q3 & 9M 2024 Results
Q3 & 9M 2024 Results M i l a n , O c t o b e r 3 0 th, 2 0 2 4
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: Q3 2024: Strong and above-market revenue growth despite a remarkable comparison base
Q3 2024: Strong and above-market revenue growth despite a remarkable comparison base and a still soft European market Revenues EBITDA recurring Net Profit recurring 568m€ 115m€ 17.5m€ +8% at K FX vs Q3 2023 Margin at 20.3% Margin at 3.1% ~+4% organic growth +4.8% vs Q3 2023 ~+4% M&A Operating Cash F
Slide 4: Q3 & 9M 2024 Financial highlights
Q3 & 9M 2024 Financial highlights High-single-digit revenue growth, driven by above-market organic performance and M&A acceleration, despite a still soft European market and a remarkable comparison base Strong revenue growth at 8% at constant FX vs Q3 2023 Data in €m Q3 2024 Q3 2023 Δ% Solid and
Slide 5: Financial results by Region: EMEA
Financial results by Region EMEA: improving organic growth despite a still flattish market and a challenging comparison base. Lower operating leverage and higher marketing investments to overcome market softness Revenue growth at ~4% at constant FX vs Q3 2023 Data in €m Q3 2024 Q3 2023 Δ% Improv
Slide 6: Financial results by Region: Americas
Financial results by Region AMERICAS: Strong top-line performance driven by the success of the US strategy, despite a remarkable comparison base Excellent revenue growth at constant FX vs Q3 2023 Data in €m Q3 2024 Q3 2023 Δ% Strong and above-market organic growth across different markets REVENU
Slide 7: Financial results by Region: APAC
Financial results by Region APAC: Strong and above-market growth despite a remarkable comparison base Data in €m Q3 2024 Q3 2023 Δ% Strong revenue growth at constant FX vs Q3 2023 Solid and above-market organic growth vs. a remarkable REVENUES 97.3 90.1 +7.9% comparison base Organic growth +3.6%
Slide 8: Q3 2024 Financial results
Q3 2024 Financial results Solid results despite a still flattish demand in Europe. Strong investments, M&A acceleration, and FX movements in the smallest quarter of the year Data in €m Q3 2024 Q3 2023 Δ Rec (unless specified) Recurring Reported Recurring Reported 24/23 REVENUES 567.6 567.6 531.3 531
Slide 9: 9M 2024 Financial results
9M 2024 Financial results Solid 9M results Data in €m 9M 2024 9M 2023 Δ Rec (unless specified) Recurring Reported Recurring Reported 24/23 REVENUES 1,744.8 1,744.8 1,645.1 1,645.1 +6.1% EBITDA 412.2 407.8 385.8 372.6 +6.9% Margin % 23.6% 23.4% 23.5% 22.6% -- ORDINARY D&A (181.2) (181.2) (156.3) (156
Slide 10: 9M 2024 Financial results: NFP and cash flow
9M 2024 Financial results NFP reflecting strong M&A cash-out, +120% vs 9M 2023 Data in €m 9M 2024 9M 2023 Δ Operating cash flow before repayment of lease liabilities 245.7 253.7 (8.0) Repayment of lease liabilities (96.1) (85.1) (11.0) Operating cash flow 149.6 168.6 (19.0) Capex (net) (99.0) (99.8)
Slide 11: 9M 2024 Financial results: Leverage
9M 2024 Financial results Leverage at 1.78x after strong investments (€283m Capex & M&A cash-out) and dividends & share buy-back (€86m) Data in €m 30/09/2024 31/12/2023 Liquidity (167.6) (194.0) Short-term debt 509.3 326.7 Medium/long-term debt 726.6 719.4 Net financial debt 1,068.3 852.1 Lease liab
Slide 12: 2024 Outlook
2024 Outlook In Q3 2024 The European market was still flattish, not showing the expected progressive normalization yet The US market decelerated vs. Q2 and H1, however broadly in line with expectations (higher comparison base in Q3) Looking ahead to the end of the year We still expect the
Slide 13: The Special Hearing Test: new Amplifon ad campaign
“The Special Hearing Test”: the new Amplifon emotional ad campaign 2 countries: Multi-formats Italy and Spain 90‘’ 30‘’ 15‘’ 10‘’ 5+ touchpoints >85% TV target activated audience reached (TV, digital, website, PR and OOH) Over 200 M impressions (YT & Meta, ES + IT) IT’S NOT JUST YOUR HEARING. FOR US
Slide 14: 2025 Financial Calendar
2025 Financial Calendar Corporate events March 6th: FY 2024 Results April 23th: Shareholder’s General Meeting May 6th: Q1 2025 Results July 29th: Q2 & H1 2025 Results October 29th: Q3 & 9M 2025 Results I n v e s t o r R e l a t i o ns & S u s t a i n a b i l i t y C o n t a c t s FRANCESCA