Slide 1: Q4 & FY 2023 Results
Q4 & FY 2023 Results M i l a n , M a r c h 7 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: FY 2023: Another record year of excellent growth
FY 2023: Another record year of excellent growth despite a softer- than-expected core European market Revenues EBITDA recurring Net Profit recurring 2.26bn€ 542m€ 166m€ +10.2% at K FX vs FY 2022 Margin at 24%, after strong investments Margin at 7.3% +8.0% organic growth primarily in field capacity M
Slide 4: Q4 2023 Financial highlights
Q4 2023 Financial highlights Excellent and well-above-market organic growth. Significant FX headwind. Profitability affected by EMEA lower operating leverage in a softer-than-expected European market Excellent revenue growth at constant FX vs Q4 2022 Data in €m Q4 2023 Q4 2022 Δ% Strong and well
Slide 5: FY 2023 Financial highlights
FY 2023 Financial highlights Another record year of excellent growth underpinned by strong investments in a softer-than-expected European market. FX deterioration at YE Excellent revenue growth at constant FX vs FY 2022 Data in €m FY 2023 FY 2022 Δ% Very strong and above market organic growth in
Slide 6: Financial results by Region: EMEA
Financial results by Region EMEA: strong revenue performance in a still slightly negative market. Profitability affected by a lower operating leverage after strong investments in a softer-than-expected market Strong revenue growth at constant FX vs Q4 2022 Data in €m Q4 2023 Q4 2022 Δ% Solid and
Slide 7: Financial results by Region: Americas
Financial results by Region AMERICAS: excellent revenue performance and strong profitability expansion even after strong growth of Miracle-Ear Direct Retail. Significant FX headwind Excellent revenue growth at constant FX vs Q4 2022 Data in €m Q4 2023 Q4 2022 Δ% Outstanding organic growth vs. a
Slide 8: Financial results by Region: APAC
Financial results by Region APAC: outstanding top-line performance across all markets and profitability improvement at year-end. Significant FX headwind Q4 2023 Q4 2022 Excellent revenue growth at constant FX vs Q4 2022 Data in €m Δ% Outstanding and well-above-market organic growth REVENUES 89.2
Slide 9: Q4 2023 Financial results
Q4 2023 Financial results Delivering solid results despite a still slightly negative demand in Europe Data in €m Q4 2023 Q4 2022 Δ Rec (unless specified) Recurring Reported Recurring Reported 23/22 REVENUES 615.0 615.0 579.4 579.4 +6.1% EBITDA 155.8 154.3 155.8 154.9 +0.0% Margin % 25.3% 25.1% 26.9%
Slide 10: FY 2023 Financial results
FY 2023 Financial results Solid full-year results despite a softer-than-expected core European market Data in €m FY 2023 FY 2022 Δ Rec (unless specified) Recurring Reported Recurring Reported 23/22 REVENUES 2,260.1 2,260.1 2,119.1 2,119,1 +6.7% EBITDA 541.6 526.8 525.3 518.7 +3.1% Margin % 24.0% 23.
Slide 11: FY 2023 Financial results: cash flow
FY 2023 Financial results Operating Cash Flow comparing with the exceptional level of 2022. Strong investments in Capex and M&A to boost growth Data in €m FY 2023 FY 2022 Δ Operating cash flow before repayment of lease liabilities 416.2 460.3 (44.1) Repayment of lease liabilities (116.2) (107.3) (8.
Slide 12: FY 2023 Financial results: leverage
FY 2023 Financial results Leverage decreased at 1.50x after strong investments (~€250m Capex & M&A cash-out) and shareholders’ returns (€65m dividend distribution) Data in €m 31/12/2023 31/12/2022 Liquidity (194.0) (229.6) Short-term debt 326.7 251.7 Medium/long-term debt 719.4 807.9 Net financial d
Slide 13: Our commitment to a more sustainable future
Our commitment to a more sustainable future Main ESG achievements in 2023 Environment Social Governance Increase of renewable energy from 52% Free hearing tests generating ~300€m CDP B scoring (Full management) and S&P to 74% savings for customers & prospects 2023 Sustainability Yearbook Membe
Slide 14: 2024 Outlook
2024 Outlook Work done in 2023 paves the way for a year of strong, profitable growth ahead In 2023, in a global macroeconomic and geopolitical environment characterized by uncertainty and volatility especially in Europe, we continued to grow very fast, well above market, and gained further market
Slide 15: 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 FRANCESCO ROMEO OLGA LEPECHKINA Investor Relations & Sustainability Sr Director Investor Relations Manager Sustainability Manager Assistant Tel: +39 02 5747 2261 Tel: +39 02 5747 231