Slide 1: 9M 2018 Conference Call
9M 2018 Conference Call November 13, 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: Growth continues quarter on quarter
Growth continues quarter on quarter €m 9M 2018 RESULTS REVENUES €77.5 €43.6 €466.1 EBITDA 16.6% NET INCOME +3.4% (+6.9% at €226.7 (-0.5%) EBITDA (-3.3%) constant FX) GOM MARGIN (+6.7%) (-0.6 p.p.) Q3 RESULTS REVENUES €26.7 €14.6 €159.1 EBITDA 16.8% NET INCOME +5.1% (+4.9% at constant FX) €77.3 (+2.4
Slide 4: Highlights
Highlights ▪ Growth continues at progressively higher rates despite seasonal effect and Forex impact ▪ Strong new products pipeline in hand held scanners and mobile computers all equipped with wireless charging Datalogic and in 2D industrial bar code readers GROUP ▪ Keeping on strengthening of comme
Slide 5: Market Drivers
Market Drivers Retail Manufacturing ▪ 30% of DL Division Revenues ▪ 50% of DL Division Revenues ▪ 9M 2018 Revenues €130.8 mln ▪ 9M 2018 Revenues €214.2 mln (+13.6% YoY, 15.9% ex Forex) (+4.0% YoY, +8% ex Forex) ▪ 3Q 2018 Revenues € 40.8 mln (+8.1% ▪ 3Q 2018 Revenues €72.6 mln (+7% YoY, 8.1% ex Forex
Slide 6: 2018 Third Quarter Product Launches
2018 Third Quarter Product Launches A further important step towards Android mobile operating system: Memor™ 10 mobile computer has been validated for the Google™-led initiative “Android Enterprise Recommended” program for rugged devices. GRYPHON GD4500 Corded version The Gryphon™ 4500 2D series rep
Slide 7: Financials
Financials Seer esos SDATALOGIC
Slide 8: Quarterly trend
Quarterly trend REVENUES €m 164.1 159.1 154.7 157.8 151.4 155.3 143.8 146.5 139.9 141.5 142.9 135.2 133.8 135.4 122.3 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 Q3-18 EBITDA EBITDA margin % 31.1 28.9 €m 26.1 26.1 26.7 25.4 23.7 21.7 20.8 22.0 20.7 19.7% 18.6
Slide 9: Revenues improved quarter on quarter
Revenues improved quarter on quarter Q3 Q3 Var% €m 2018 2017 ▪ Revenues up 5.1% to €159.1 mln (+4.9% at constant Revenues 159.1 151.4 5.1% exchange rate) Gross Operating Margin 77.3 70.3 10.0% ▪ GOM improvement thanks to mix and cost efficiencies (+ 220 %on Revenues 48.6% 46.4% bps) Operating expens
Slide 10: Improved Gross Margin to finance R&D and S&D
Improved Gross Margin to finance R&D and S&D 9M 9M Var% ▪ Revenues up 3.4% to €466.1 m €m 2018 2017 (+6.9% at constant exchange rate) Revenues 466.1 450.7 3.4% ▪ GOM showing steady improving trend at 48.6% (around +150 bps Gross Operating Margin 226.7 212.5 6.7% vs 9M 2017) %on Revenues 48.6% 47.1%
Slide 11: Group Revenues by country
Group Revenues by country REVENUES BY GEOGRAPHIC AREA ▪ Sound 9M growth net of Var% forex €m 9M 2018 9M 2017 Var% Ex forex ▪ 3Q revenues growth driven EMEA 238.0 237.7 0.1% 0.8% by North America at + 32% North America 152.6 141.2 8.1% 15.2% Latin America 11.1 12.7 (12.3%) (3.5%) ▪ Continuous growth
Slide 12: Group Revenues & EBITDA by division
Group Revenues & EBITDA by division REVENUES BY DIVISION INF €m 9M2018 9M2017 Var% SNS 3% 5% Datalogic Business 431.1 417.7 3.2% Solution Net Systems 22.4 19.3 16.1% Informatics 14.6 16.4 (10.8%) Adjustments (2.0) (2.7) (25.4%) Total Revenues 466.1 450.7 3.4% Datalogic 92% ▪ Datalogic driven at cons
Slide 13: EBITDA: actual vs last year
EBITDA: actual vs last year €m 16.6% on 17.3 % on Group Group Revenues Revenues 5.6 0.7 0.8 12.5 9.8 1.2 77.9 77.5 (20.5) (10.5) -2.1% on DL Business 2018 revenues* 9M 2017 Price Volume Mix Service COGS FX Structure SNS/INF 9M 2018 Positive Items Negative Items * Excluding GCO and Service 13
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet €m Dec 2017 Sep 2018 Dec 2017 Sep 2018 Net Financial Total Fixed Assets 347.9 356.4 (30.1) (10.9) Position Trade receivables 85.8 90.0 % on 12m rolling sales 14.2% 14.5% Inventories 85.9 109.1 % on 12m rolling sales 14.2% 17.6% Trade payables (110.3) (115.6) Net Equity 353
Slide 15: Net Debt Analysis: Dec'17 – Sep'18
Net Debt Analysis: Dec’17 – Sep’18 Acc. Receivable (4.2) €m Inventory (23.2) 77.5 Acc. Payable 5.3 (22.0) (15.1) (16.0) (5.0) 30.1 (10.9) -3.2% on Revenues 10.9 1.0 (28.9) Net Debt EBITDA Ch TWC Capex Taxes Net Financial Purchase Dividend Other Net Debt Dec 17 Charges Own Shares Payment Sep 18 Of wh
Slide 16: 2018 Outlook
2018 Outlook ▪ Revenues expected to grow at higher rates in 4Q ▪ 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, Manufact
Slide 17: Contact
Contact IR CONTACTS DATALOGIC ON LINE IR Manager Vincenza Colucci www.datalogic.com CDR Communication Srl Tel. +39 335 6909547 vincenza.colucci@cdr-communication.it IR Assistant Daniela Giglioli Tel. +39 051 3147109 Fax +39 051 3147205 E-mail daniela.giglioli@datalogic.com ir@datalogic.com Via Candi