Slide 1: Q1 2012 Conference Call
Q1 2012 title Conference Call title 14 May, 2012 date © Copyright Datalogic 2007-2012
Slide 2: Disclaimer
DISCLAIMER This document has been prepared by Datalogic S.p.A. (the "Company") for use during meetings with investors and financial analysts and is solely for information purposes. The information set out herein has not been verified by an independent audit company. Neither the Company nor any of it
Slide 3: Group Overview, Q1 2012 Results, Outlook
GROUP OVERVIEW Q1 2012 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 3
Slide 4: Datalogic at a Glance
Datalogic at a Glance Global leader in Automatic Data Capture and Industrial Automation markets World-class total solutions provider and producer of bar code readers, data collection mobile computers, RFID and vision systems Datalogic offers innovative solutions for a full range of application
Slide 5: A Wide Geographical Footprint
A Wide Geographical Footprint EUROPE 34% NORTH AMERICA 39% ITALY 9% APAC 10% ROW 8% Direct presence in 30 countries worldwide 7 Manufacturing Sites 10 R&D Centers Note: Breakdown by area based on 2011 revenues (Datalogic + Accu-Sort Systems) © Copyright Datalogic 2007-2012 5
Slide 6: Q1 2012 Results
GROUP OVERVIEW Q1 2012 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 6
Slide 7: Highlights Q1 2012
Highlights Q1 2012 Revenues up 9.9% to 115.4 M euro Slowdown of revenues on a LfL basis in line with major competitors (average growth < 1%) Improvement of marginality (EBITDA margin at 16% from 14.2%) also thanks to revenues from disposal of non core activities Marginal contribution from ac
Slide 8: Q1 2012 Consolidated P&L
Q12012 Consolidated P&L 000€ Q12011 % Q12012 % Var % Revenues 104,956 100.0% 115,383 100.0% 9.9% COGS (55,540) -52.9% (62,197) -53.9% Gross Operating Margin 49,416 47.1% 53,186 46.1% 7.6% Other revenues 423 0.4% 5,743 5.0% R&D (6,793) -6.5% (7,974) -6.9% Distribution Costs (19,988) -19.0% (22,312) -
Slide 9: Revenues Growth
Revenues Growth REVENUES BY DIVISION REVENUES BY AREA €000 Q12011 Q12012 Var % 000 Q12011 Q12012 Var % Automatic Data Capture 73,353 73,127 -0.3% Italy 11,082 10,228 -7.7% Industrial Automation 24,447 32,827 34.3% Europe 42,866 47,761 11.4% Informatics 7,282 9,580 31.6% North America 29,429 38,300 3
Slide 10: Segment Reporting: Revenues and EBITDA
Segment Reporting: Revenues and EBITDA REVENUES EBITDA (€mln) (€mln) 18.5 115.4 105.0 14.9 73.4 73.1 10.3 9.1 5.5 32.8 24.4 3.6 2.5 9.6 7.3 3.7 4.9 0.9 1.4 0.7 ADC IA Informatics DL SpA Total Group ADC IA Informatics DL SpA Total Group IQ 2011 IQ 2012 Q12011 Q12012 Revenues Growth Q12012/Q12011 EBIT
Slide 11: Segment Reporting: R&D and TWC
Segment Reporting: R&D and TWC R&D COSTS TWC (€mln) (€mln) 8.0 98.1 6.8 5.1 64.8 4.9 53.6 2.9 37.4 30.0 1.7 20.3 12.7 2.9 3.1 4.0 0.1 0.2 0.1 0.3 ADC IA Informatics DL SpA Total Group ADC IA Informatics DL SpA Total Group Q12011 Q12012 Q12011 Q12012 R&D/Revenues Q12011 Q12012 TWC/Annualized Revenues
Slide 12: EBITANR - Actual vs Last Year
EBITANR * - Actual vs Last Year (€000) Vol. sales/Mix - 2,526 Service sales - 149 4,777 16,115 1,679 (2,675) 12,213 455 (819) 343 142 Other revenue + 5,321 Exch rate on sales + 2,085 Other variable costs - 384 Exch rate on DCOGS - 2,299 Direct Cogs + 739 Exch rate on Op Exp - 605 ASI & PPT margin -
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet €000 At 31/12/2011 At 31/03/2012 Intangible fixed assets 42,228 40,781 Goodwill 112,152 198,979 Tangible fixed assets 49,991 49,884 Non Consolidated investments 7,951 11,613 Other fixed assets 31,935 40,950 Total Fixed Assets 244,257 342,207 Net trade account receivables 7
Slide 14: Net Debt Analysis: Q1 2011 vs Q1 2012
Net Debt Analysis: Q1 2011 vs Q1 2012 (€000) Translation effect + 4,893 VAT - 3,739 Net Income + 10,046 Other + 2,599 Deprec&Amort + 3,309 Provision for bad debt + 41 3,689 3,753 172,111 Personnel & admin costs accrual - 1,059 103,034 LTMIP accrual + 2,375 Acc. Receivable - 18,786 Tax Accrual + 362
Slide 15: Outlook
GROUP OVERVIEW Q1 2012 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 15
Slide 16: Outlook and Strategy
Outlook and Strategy Reference markets are growing below expectations but there are signs of recovery in Q2, mainly in distribution Order backlog amounting to 135 M euro (+26% on Q1 2011) should allow a recovery of revenues in Q2 The new integrated Supply Chain should allow recovery in efficie
Slide 17: We Welcome Your Questions!
We Welcome Your Questions! © Copyright Datalogic 2007-2012 17
Slide 18: Thank You!
Thank You! This presentation contains statements that are neither reported financial results nor other historical information. These statements are forward-looking statements. These forward-looking statements rely on a number of assumptions and are subject to a number of risks and uncertainties, man