Slide 1: FY22 results
FY22 results March, 2023 C3 - Restricted Natixis
Slide 2: Forward looking statements
Forward looking statements Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and This presentation uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied
Slide 3: Highlights
Highlights C3 - Restricted Natixis
Slide 4: FY 2022 highlights: the start of a new chapter
FY 2022 highlights → 2022 is the first year of Vantiva as an independent business. TCS spin-off executed → All KPIs of the 2022 guidance exceeded the start → Good performance from Connected Home → SCS contribution affected by external of a new factors → New talents recruited to strengthen the manage
Slide 5: FY 2022 highlights
FY 2022 highlights REVENUES (in € million) Adjusted EBITDA (in € million) FCF (before financial and tax, in € million) +23.4% €2,776m @ current rate €2,250m 1 +11.4% @ constant rate 5 +14.3% €161m margin @ current rate 5.8% 88 +3.7% @ constant rate margin €141m 6.3% 2120 +€200m 1544 6.7% 6.3% @curre
Slide 6: 2022 guidance exceeded
2022 guidance exceeded Guidance In € million June 2020 2022e 2022a 2022 @constant rate In 2022 Adj. Continuing EBITDA >140m 161 150 Despite a challenging Adj. Continuing EBITA 29-39m 55 52 environment and continuing headwinds, Continuing FCF(1) 43-63m 88 78 Vantiva delivered better performance than
Slide 7: 2023: Change of cycle in the market
2023: Change of cycle in the market Areas of Strength Areas of attention ➔ Uncertain demand due to ➔ Demand for broadband boosted macro conditions by new technologies 2023 ➔ Supply chain constraints ➔ Increased product value for improving, but always ready Video and IOT devices for any unexpected di
Slide 8: 2023 guidance
2023 guidance Despite uncertainty in demand due to macro- economic conditions, and their impact on revenues, the group targets: Adjusted Adjusted Free Cash Outlook EBITDA >€140m EBITA >€45m Flow* >€50m Maintained * before financial and tax 8 C3 - Restricted Natixis
Slide 9: Update
Update C3 - Restricted Natixis
Slide 10: Connected Home in 2022: strong growth driven by broadband connectivity
Connected Home in 2022: STRONG GROWTH DRIVEN BY BROADBAND CONNECTIVITY CONTINUED INNOVATION Strong Growth in EMEA and AMERICAS driven by Fiber and Docsis 3.1 for broadband ➔ Wi-Fi 6/6E: Multiple GWs projects solutions, despite supply constraints during launched in North America and Europe the year ➔
Slide 11: Connected Home: Financial Performance
Connected Home: Financial Performance 2022: STRONG GROWTH FOR BROADBAND 2023 OUTLOOK REVENUES (in € million) ADJUSTED EBITDA (in € million) EBITDA MARGIN (in %) Broadband Video ➔ Very dynamic Broadband 6.7% -32bps market with new 6.3% +37.3% 2 120 +30.6% opportunities being @ current rate @ current
Slide 12: Supply Chain Solutions in 2022: a year of commercial successes and operational efficiencies
Supply Chain Solutions in 2022: A year of commercial successes and operational efficiencies 794 DISC BUSINESS: NORMALIZING AFTER 35 COVID IMPACTS IN 2020 / 2021 202 37 495 COMPLETED MULTI-YEAR 136 DISC VOLUMES BREAKDOWN (in m of units) 557 SD-DVD → Manufacturing volumes down 38% vs. 2021 as customer
Slide 13: Supply Chain Solutions in 2022: 2023 Outlook
Supply Chain Solutions in 2022: 2022: SHOWING THE RESULTS OF OPERATIONAL RESTRUCTURING REVENUES (in € million) ADJUSTED EBITDA (in € million) EBITDA MARGIN (in %) -6.6% @ current rate 9.5% -91bps 8,6% 701 655 -15.5% 67 @ current rate 56 -14.3% 2023 Outlook @ constant rate 2021 2022 2021 2022 REVENUE
Slide 14: C3 - Restricted Natixis
C3 - Restricted Natixis
Slide 15: Key figures full year – Group
Key figures full year – GROUP 2022 2021 Variation in € million Revenues 2,776 2,250 526 Adjusted EBITDA 161 141 20 in % of Revenues 5.8% 6.3% 47pbs D&A (1) & Reserves (2) w/o PPA amortization (106) (101) (5) Adjusted EBITA 55 39 16 PPA amortization (31) (30) (1) Non-recurring items (35) (23) (12) EB
Slide 16: From Adjusted EBITDA to EBIT in summary
From Adjusted Ebitda TO EBIT IN SUMMARY 2022 2021 variation in € million Adjusted EBITDA 161 141 20 D&A & Reserves(1) w/o PPA amortization (106) (101) (5) Adjusted EBITA 55 39 16 PPA amortization (31) (30) (1) Impairments & write-off (5) (2) (3) Restructuring (17) (31) 14 Other Non-Current (13) 10 (
Slide 17: From EBIT to Net Result Group
From EBIT to Net Result Group 2022 2021 Variation in € million EBIT Continuing (11) (13) 2 Net Interest Expense (167) (116) (51) Other Financial (10) (1) (9) Net financial result (177) (117) (60) Profit before Tax (188) (130) (58) Tax (30) (14) (16) Share of gain (profit) from associates (311) 0 (31
Slide 18: Free Cash Flow from continuing operations
Free Cash Flow (1) from continuing operations FREE CASH FLOW FROM CONTINUING OPERATIONS: YTD 2022 VS. YTD 2021 (4) 88 155 (112) 39 20 (11) FCF YTD 2021 EBITDA Net Capex Restructuring Chg Pensions & Others FCF YTD 2022 as published WC/OAL 22 as published In € million (1) Before interest and tax 18 C3
Slide 19: Liquidity and debt
Liquidity and DEBT Amount of credit Available credit Drawn Available Liquidity at September 30, 2022 (€m) line line (1) amount amount Cash on hand 167 Committed credit facilities: Wells Fargo credit line ($125m) 117 91 0 91 Liquidity 258 Liquidity amounted to €258m €m Nominal Amount at December 31,
Slide 20: Thank you
Thank you V A N T I V A . C O M C3 - Restricted Natixis
Slide 21: Glossary of Terms
Glossary of Terms Abbreviation Definition Abbreviation Definition $ American Dollar Earnings before Interest, Tax, Depreciation and EBITDA Amortization € Euro EU European Union B2B Business-to-Business FCF Free-Cash-Flow BB Broadband GPON Gigabit Ethernet Passive Optical Network BD Blu-ray Disc IoT
Slide 22: Glossary of Terms (Cont'd)
Glossary of Terms (Cont’d) ● Adjusted EBITDA: profit (loss) from continuing operations before tax and net financial income (expense), net of other income (expense), depreciation and amortization (including impact of provision for risks, litigation and warranties) ● Adjusted EBITA: profit (loss) from