Slide 1: Q3 & 9M 2022 Results
Q3 & 9M 2022 Results M i l a n , O c t o b e r 2 6 th, 2 0 2 2
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: Q3 2022: Strong organic growth and outstanding profitability expansion
Q3 2022: Strong organic growth and outstanding profitability expansion despite still exceptional comps Revenues EBITDA recurring Net Profit recurring 502.5m€ 109.4m€ 29.7m€ +12.1% vs Q3 2021 Margin at 21.8% Margin at 5.9% +3.5% organic growth +50bps vs Q3 2021 +12.1% vs Q3 2021 Operating Cash Flow N
Slide 4: Q3 2022 Financial highlights
Q3 2022 Financial highlights Double-digit revenue growth, underpinned by share gains in core markets, and significant profitability step-up despite exceptional comps and temporary adverse factors Double-digit top-line growth (+8.5% at constant FX) Data in €m Q3 2022 Q3 2021 Δ 22/21 Strong organi
Slide 5: 9M 2022 Financial highlights
9M 2022 Financial highlights Strong nine-months results across the board Double-digit revenue growth (+9.0% at constant FX vs 9M Data in €m 9M 2022 9M 2021 Δ 22/21 2021) Organic growth at +4.1%, above market REVENUES 1,539.7 1,379.9 +11.6% Remarkable comparison base (~+17.6% in 9M 2021 vs 9M 2
Slide 6: Financial results by Region: EMEA
Financial results by Region EMEA: positive organic growth, despite anticipated French exceptionally high comps and temporary heat wave impact, and continued excellent profitability expansion Revenues up +1.4% at current FX and ~+1% at constant FX vs Q3 2021 Data in €m Q3 2022 Q3 2021 Δ 22/21 Pos
Slide 7: Financial results by Region: Americas
Financial results by Region AMERICAS: another outstanding and well-above market performance, boosted by a double-digit organic growth vs an exceptionally challenging Q3 2021 Excellent revenue growth at +27.1% at current FX and +14.3% Data in €m Q3 2022 Q3 2021 Δ 22/21 at constant FX REVENUES 101.3
Slide 8: Financial results by Region: APAC
Financial results by Region APAC: excellent revenue performance, fueled by a ~+10% organic growth, accelerating throughout the quarter, and Bay Audio contribution Outstanding revenue growth at +48.5% at current FX and Data in €m Q3 2022 Q3 2021 Δ 22/21 +40.6% at constant FX Excellent organic gro
Slide 9: Q3 2022 Financial results
Q3 2022 Financial results Delivering strong results across the board, net profit recurring up over +12% Data in €m Q3 2022 Q3 2021 Δ Rec (unless specified) Recurring Reported Recurring Reported 22/21 REVENUES 502.5 502.5 448.1 448.1 +12.1% EBITDA 109.4 108.8 95.5 94.3 +14.6% Margin % 21.8% 21.6% 21.
Slide 10: 9M 2022 Financial results
9M 2022 Financial results Excellent nine-months results, net profit recurring up ~+14% Data in €m 9M 2022 9M 2021 Δ Rec (unless specified) Recurring Reported Recurring Reported 22/21 REVENUES 1,539.7 1,539.7 1,379.9 1,379.9 +11.6% EBITDA 369.5 363.8 326.2 320.7 +13.3% Margin % 24.0% 23.6% 23.6% 23.2
Slide 11: 9M 2022 Financial results: cash flow
9M 2022 Financial results Solid cash generation vs exceptionally high 9M 2021 Data in €m 9M 2022 9M 2021 Δ Operating cash flow before repayment of lease liabilities 298.5 288.7 9.8 Repayment of lease liabilities (80.1) (69.3) (10.8) Operating cash flow 218.3 219.4 (1.0) Capex (net) (75.4) (58.4) (16
Slide 12: 9M 2022 Financial results: leverage
9M 2022 Financial results Leverage at 1.61x, reducing vs both June 2022 and year-end 2021 Data in €m 30/09/2022 31/12/2021 Liquidity (217.9) (318.5) Short-term debt 196.9 165.9 Medium/long-term debt 903.0 1,023.8 Net financial debt 882.1 871.2 Lease liabilities 471.5 451.9 Total financial debt & lea
Slide 13: 2022 Outlook
2022 Outlook Entering Q4 with a very strong 9M behind, despite an extremely challenging comparison base and a global macroeconomic environment characterized by further increasing volatility and uncertainty Looking into Q4 The global macroeconomic environment is not expected to improve We exp
Slide 14: 2023 Financial Calendar
2023 Financial Calendar Upcoming corporate events March 1st: FY 2022 Results April 21st: 2022: Shareholder’s General Meeting May 2nd: Q1 2023 Results July 27th: Q2 & H1 2023 Results October 30th: Q3 & 9M 2023 Results Investor Relations & Sustainability key contacts FRANCESCA RAMBAUDI AMAND