Amplifon Spa · MIL:AMP
Amplifon Spa — Q1 2024 Earnings Presentation
12 slides from Amplifon Spa's earnings presentation, May 6, 2024
Slide 1: Q1 2024 Results
Q1 2024 Results M i l a n , M a y 6 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: Q1 2024: an excellent start in both sales growth and profitability
Q1 2024: an excellent start in both sales growth and profitability despite the challenging comps and the early Easter Revenues EBITDA recurring Net Profit recurring 573m€ 136.8m€ 35.7m€ +8.8% at K FX vs Q1 2023 Margin at 23.9% Margin at 6.2% +5.6% organic growth Record increase of +100bps vs Q1 2023
Slide 4: Q1 2024 Financial highlights
Q1 2024 Financial highlights Excellent quarter driven by very strong top-line performance and outstanding profitability expansion High-single digit revenue growth at constant FX vs Q1 2023 Data in €m Q1 2024 Q1 2023 Δ% Strong and above-market organic growth REVENUES 573.1 540.3 +6.1% − Global ma
Slide 5: Financial results by Region - EMEA
Financial results by Region EMEA: Solid revenue performance in a progressively normalizing market environment despite the early Easter. Outstanding profitability improvement driven by field productivity measures Solid revenue growth at constant FX vs Q1 2023 Data in €m Q1 2024 Q1 2023 Δ% Solid a
Slide 6: Financial results by Region - Americas
Financial results by Region AMERICAS: Excellent performance driven by very strong organic growth and significant M&A contribution. Material FX headwind Excellent revenue growth at constant FX vs Q1 2023 Data in €m Q1 2024 Q1 2023 Δ% Very strong organic growth vs. a remarkable REVENUES 110.8 100.
Slide 7: Financial results by Region - APAC
Financial results by Region APAC: Outstanding top-line performance and excellent profitability improvement. Significant FX headwind Q1 2024 Q1 2023 Excellent revenue growth at constant FX vs Q1 2023 Data in €m Δ% Outstanding and well-above-market organic growth vs. a REVENUES 86.2 79.6 +8.3% rem
Slide 8: Q1 2024 Financial results
Q1 2024 Financial results Excellent results across the board Data in €m Q1 2024 Q1 2023 Δ Rec (unless specified) Recurring Reported Recurring Reported 24/23 REVENUES 573.1 573.1 540.3 540.3 +6.1% EBITDA 136.8 135.7 123.5 115.6 +10.7% Margin % 23.9% 23.7% 22.9% 21.4% -- ORDINARY D&A (58.6) (58.6) (50
Slide 9: Financial results: cash flow
Q1 2024 Financial results Operating Cash Flow broadly in line with Q1 2023. Strong acceleration in M&A to boost growth Data in €m Q1 2024 Q1 2023 Δ Operating cash flow before repayment of lease liabilities 97.3 100.9 (3.6) Repayment of lease liabilities (30.1) (28.0) (2.1) Operating cash flow 67.2 7
Slide 10: Financial results: leverage stable at 1.5x
Q1 2024 Financial results Leverage stable at 1.5x after strong investments (~€100m Capex & M&A cash-out) Data in €m 31/03/2024 31/12/2023 Liquidity (214.6) (194.0) Short-term debt 376.4 326.7 Medium/long-term debt 721.5 719.4 Net financial debt 883.3 852.1 Lease liabilities 507.0 497.4 Total financi
Slide 11: 2024 Outlook
2024 Outlook Q1 excellent start further strengthens our confidence in a year of strong, profitable growth. All work done in 2023 paying-off In Q1 2024 The European market was back to growth and progressively normalizing, while the US market remained strong Once again, we delivered strong and a
Slide 12: Investor Relations & Sustainability Contacts
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 RAMBAUDI AMANDA HART GIRALDI OLGA LEPECHKINA Investor Relations & Sustainability Sr Director Investor Relations Manager Assistant Tel: +39 02 5747 2261 Tel: +39 02 5747 2317 Tel: +39 02 5747 2542 francesca.ramba