Slide 1: Q4 & FY 2022 Results
Q4 & FY 2022 Results M i l a n , M a r c h 1 st, 202 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: Best-in-class FY22 results despite exceptional comps in an uncertain macroeconomic context
Best-in-class FY22 results despite exceptional comps in an uncertain macroeconomic context Revenues EBITDA recurring Net Profit as reported 2.12bn€ 525m€ 179m€ +8.8% vs 2021 +8.8% vs 2021 +13.1% vs 2021 +3.0% organic growth Margin at 24.8% 29 euro cents dividend per share Operating Cash Flow Leverag
Slide 4: Q4 2022 Financial highlights
Q4 2022 Financial highlights Sound performance despite slower than expected market demand, still challenging comparison base and 1.5 trading days less Revenues up +2% at current FX and +1.5% at constant FX Data in €m Q4 2022 Q4 2021 Δ 22/21 Positive and above market organic growth REVENUES 579.4
Slide 5: FY 2022 Financial highlights
FY 2022 Financial highlights Solid and above-market revenue growth, surpassing the €2bn milestone, market share gains and best-in-class profitability Revenues up ~+9% at current FX and ~+7% at constant FX Data in €m FY 2022 FY 2021 Δ 22/21 Organic growth at +3%, above market with share gains in
Slide 6: Financial results by Region: EMEA
Financial results by Region EMEA: revenues affected by softer than expected market demand at year-end though profitability still at record level despite 2021 extremely challenging comparison base Revenues down ~2% at both current and constant FX vs Q4 2021 Data in €m Q4 2022 Q4 2021 Δ 22/21 Nega
Slide 7: Financial results by Region: Americas
Financial results by Region AMERICAS: excellent year-end with another outstanding and above market performance, confirming the success of the US strategy Excellent revenue growth at +20.4% at current FX and +17.8% Data in €m Q4 2022 Q4 2021 Δ 22/21 at constant FX Outstanding organic growth at ~+
Slide 8: Financial results by Region: APAC
Financial results by Region APAC: solid top-line performance, though still impacted by pandemic-related softness across markets Solid revenue growth at +2.4% at current FX and +2.1% at Data in €m Q4 2022 Q4 2021 Δ 22/21 constant FX REVENUES 82.2 80.3 +2.4% Positive organic growth despite regiona
Slide 9: Q4 2022 Financial results
Q4 2022 Financial results Delivering solid results in a softer than expected market Data in €m Q4 2022 Q4 2021 Δ Rec (unless specified) Recurring Reported Recurring Reported 22/21 REVENUES 579.4 579.4 568.2 568.2 +2.0% EBITDA 155.8 154.9 156.6 147.6 -0.5% Margin % 26.9% 26.7% 27.6% 26.0% -- ORDINARY
Slide 10: FY 2022 Financial results
FY 2022 Financial results Strong full-year results. All-time-high Net profit as reported Data in €m FY 2022 FY 2021 Δ Rec (unless specified) Recurring Reported Recurring Reported 22/21 REVENUES 2,119.1 2,119.1 1,948.1 1,948.1 +8.8% EBITDA 525.3 518.7 482.8 468.3 +8.8% Margin % 24.8% 24.5% 24.8% 24.0
Slide 11: FY 2022 Financial results: cash flow
FY 2022 Financial results Strong cash generation vs exceptionally high FY 2021 Data in €m FY 2022 FY 2021 Δ Operating cash flow before repayment of lease liabilities 460.3 461.2 (0.9) Repayment of lease liabilities (107.3) (95.2) (12.1) Operating cash flow 353.0 365.9 (12.9) Capex (net) (106.3) (111
Slide 12: FY 2022 Financial results: balance sheet
FY 2022 Financial results Very sound balance sheet with leverage significantly reducing at 1.52x Data in €m 31/12/2022 31/12/2021 Liquidity (229.6) (318.4) Short-term debt 251.7 165.8 Medium/long-term debt 807.9 1,023.8 Net financial debt 830.0 871.2 Lease liabilities 468.6 451.9 Total financial deb
Slide 13: Our commitment to a more sustainable future
Our commitment to a more sustainable future Main ESG achievements in 2022 Environment Social Governance First full GHG inventory along the value New Diversity, Equity, Inclusion, New Stakeholder Engagement Plan chain (Scope 3) Belonging Policy & Governance Board of Directors with 55% of wome
Slide 14: 2023 Outlook
2023 Outlook Off to a solid start, looking positively to 2023 After slower-than-expected Q4 market demand, revenues showed solid growth in the first two months of 2023 Next months' market growth is key to consolidating the trend and increasing visibility for the rest of the year We confirm our
Slide 15: Investor Relations & Sustainability key contacts
Investor Relations & Sustainability key contacts FRANCESCA RAMBAUDI AMANDA HART GIRALDI FRANCESCO ROMEO Investor Relations & Sustainability Sr Director Investor Relations Manager Sustainability Manager Tel: +39 02 5747 2261 Tel: +39 02 5747 2317 Tel: +39 344 2723 416 francesca.rambaudi@amplifon.com