Slide 1: H1 2018 Conference Call
H1 2018 Conference Call August 9, 2018
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: Highest ever Revenues in both Q2 and H1 despite forex
Highest ever Revenues in both Q2 and H1 despite forex €m H1 2018 RESULTS REVENUES €50.8 €29.0 €307.0 EBITDA 16.6% NET INCOME +2.6% (+7.9% at €149.4 (-1.9%) EBITDA (-1.1%) constant FX) GOM MARGIN (+5.1%) (-0.7 p.p.) Q2 RESULTS REVENUES €28.9 €17.8 €164.1 EBITDA 17.6% NET INCOME +4% (+8.1% at constant
Slide 4: Highlights
Highlights ▪ Best-ever Revenues despite Forex impact ▪ Keeping on strengthening of commercial & R&D organizations GROUP ✓ hiring of skilled salespeople, in key markets and verticals ✓ Increasing investment in R&D people & projects to stay at the forefront of cutting-edge technologies ▪ Main industri
Slide 5: Market Drivers
Market Drivers Retail Manufacturing ▪ H1 2018 Revenues €141.6 mln (+2.5% YoY, ▪ H1 2018 Revenues €90.0 mln (+16.3% YoY, +8.6% ex Forex), 50% of DL Division 19.7% ex Forex), 32% of DL Division Revenues Revenues ▪ Positive performance in all Geo Areas lead ▪ Double-digit growth in North America: 20% b
Slide 6: 2018 Second Quarter Product Launches
2018 Second Quarter Product Launches LANEHAWK LH5000 – SEAHAWK Suited for Retailers that use shopping carts with bottom shelfs for storing Bottom-Of-Basket (BOB) items. STAR DONGLE – BOBTAIL SG4 FIELDBUS The compact size receiver allowing the communication of a - ADVANCED MODEL PowerScan™ PM9X00 wit
Slide 7: Financials
Financials Seer esos SDATALOGIC
Slide 8: Quarterly trend
Quarterly trend REVENUES €m 164.1 154.7 157.8 151.4 155.3 143.8 146.5 139.9 141.5 142.9 135.2 133.8 135.4 122.3 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 EBITDA EBITDA margin % 31.1 28.9 €m 26.1 26.1 25.4 23.7 21.7 20.8 22.0 20.7 19.7% 18.6 18.8 18.8 15.7 17
Slide 9: Increased Investment in R&D and Distribution
Increased Investment in R&D and Distribution Q2 Q2 Var% €m 2018 2017 ▪ Revenues up 4.0% to €164.1 mln despite the unfavorable Revenues 164.1 157.8 4.0% forex (+8.1% at constant exchange rate) Gross Operating Margin 79.6 76.1 4.6% ▪ GOM improvement thanks to %on Revenues 48.5% 48.2% mix and cost effi
Slide 10: Investing R&D and S&D, whilst maintaining sound profitability
Investing R&D and S&D, whilst maintaining sound profitability 1H2018 1H2017 Var% ▪ Revenues up 2.6% to €307.0 m €m (+7.9% at constant exchange rate) Revenues 307.0 299.3 2.6% ▪ GOM showing steady improving trend at 48.7% (around +120 bps Gross Operating Margin 149.4 142.3 5.1% vs 1H 2017) %on Revenu
Slide 11: Group Revenues by country
Group Revenues by country REVENUES BY GEOGRAPHIC AREA ▪ Sound growth net of forex Var% €m H1 2018 H1 2017 Var% ▪ Continuous growth in Ex forex APAC driven by China and EMEA 164.5 158.7 3.7% 4.8% Korea (+27.3 and +34.3% North America 91.8 95.0 (3.4%) 7.7% net of forex) Latin America 6.6 7.3 (10.6%) 0
Slide 12: Group Revenues & EBITDA by division
Group Revenues & EBITDA by division REVENUES BY DIVISION INF €m 1H2018 1H2017 Var% SNS 3% 4% Datalogic Business 284.3 279.2 1.8% Solution Net Systems 14.2 10.6 34.5% Informatics 9.7 11.2 (13.3%) Adjustments (1.3) (1.7) 24.3% Total Revenues 307.0 299.3 2.6% Datalogic 93% ▪ Datalogic driven at constan
Slide 13: EBITDA: actual vs last year
EBITDA: actual vs last year €m 16.6% on 17.3 % on Group Group Revenues Revenues 4.1 0.7 1.1 6.7 5.9 50.8 51.8 1.4 (14.2) (6.7) -2.4% on DL Business 2018 revenues* 1H 2017 Price Volume Mix Service COGS FX Structure SNS/INF 1H 2018 Positive Items Negative Items * Excluding GCO and Service 13
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet €m Dec 2017 Jun 2018 Dec 2017 Jun 2018 Net Financial Total Fixed Assets 347.9 351.3 (30.1) (13.3) Position Trade receivables 85.8 95.9 % on 12m rolling sales 14.2% 15.6% Inventories 85.9 102.3 % on 12m rolling sales 14.2% 16.7% Trade payables (110.3) (126.1) Net Equity 353
Slide 15: Net Debt Analysis: Dec'17 – Jun'18
Net Debt Analysis: Dec’17 – Jun’18 Acc. Receivable (10.0) €m Inventory (16.4) Acc. Payable 15.8 50.8 (10.6) (7.2) (7.3) (3.1) 30.1 (10.7) -2.4% on 0.1 13.3 Revenues (28.9) Net Debt EBITDA Ch TWC Capex Taxes Net Financial Purchase Dividend Other Net Debt Dec 17 Charges Own Shares Payment Jun 18 Of wh
Slide 16: 2018 Outlook
2018 Outlook ▪ Grow in revenues at mid to high single digit rates ▪ Maintain a sound profitability through strong focus on gross operating margin improvements ▪ Further increase R&D investments & Distribution costs to improve our coverage and boost leadership in key areas (North America, APAC, Manuf
Slide 17: Contact
Contact IR CONTACTS NEXT EVENTS IR Manager September 5, 2018 Vincenza Colucci Industrial Day, Borsa Italiana, Milan CDR Communication Srl Tel. +39 335 6909547 October 23-24 , 2018 vincenza.colucci@cdr-communication.it STAR Conference, London IR Assistant November 13th, 2018 Daniela Giglioli 9M resul