Slide 1: 9M 2017 Conference Call
9M 2017 Conference Call November 14th, 2017
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: Continuing growth & profitability improvement in Q3
Continuing growth & profitability improvement in Q3 € mln Q3 RESULTS €151.4 €26.1 €15.8 REVENUES EBITDA 17.2% NET INCOME +8.2% EBITDA MARGIN 9M RESULTS €450.7 €77.9 €45.1 REVENUES EBITDA 17.3% NET INCOME +6.9% EBITDA MARGIN Net Debt position at €15.2 3
Slide 4: Q3 2017 Highlights
Q3 2017 Highlights Revenue double digit growth at constant exchange rate (+10.7%) ▪ China leading the APAC and Group growth ▪ Consolidating leadership in EMEA, led by Retail ▪ NA double digit growth in T&L ▪ Increasing demand for automation: productivity, quality and process efficiency the key drive
Slide 5: Financials
Financials Seer esos SDATALOGIC
Slide 6: A sound and consistent continuing growth
A sound and consistent continuing growth REVENUES 154.7 157.8 151.4 € mln 143.8 146.5 139.9 141.5 135.2 133.8 135.4 124.5 122.3 115.8 116.0 108.2 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 € mln EBITDA EBITDA margin % 31.1 26.1 26.1 23.7 20.7 21.7 20.8
Slide 7: Q3 Growth continues despite forex impact
Q3 Growth continues despite forex impact Q3 Q3 ▪ Revenues up 8.2% to € 151.4 Var% € mln 2017 2016 mln despite unfavorable exchange rates (+10.7% at Revenues 151.4 139.9 8.2% constant exchange rate) Gross Operating Margin 70.3 63.4 10,7% ▪ € 2 mln Revenue contribution %on Revenues 46.4% 45.3% from So
Slide 8: Improvements across the whole P&L
Improvements across the whole P&L 9M2017 9M2016 Var% ▪ Revenues up 6.9% to €450.7 € mln mln (+6.8% at constant exchange rate) Revenues 450.7 421.8 6.9% Gross Operating Margin 212.5 194.4 9.3% ▪ GOM showing steady improving trend at 47.1% %on Revenues 47.1% 46.1% (+100 bps vs 2016) Operating expenses
Slide 9: Group Revenues by country
Group Revenues by country REVENUES BY GEOGRAPHIC AREA ▪ Revenues up 6.9% to €450.7 mln (+6.8% at constant exchange rate) 9M 2017 9M 2016 Var% € mln ▪ Strong growth in APAC driven by China EMEA 237.7 221.4 7.4% (+44%) in Manufacturing and T&L, mainly North America 133.8 131.8 1.5% ▪ Confirming leader
Slide 10: Group Revenues & EBITDA by division
Group Revenues & EBITDA by division REVENUES BY DIVISION Informatics Solution Net 3% 9M2017 9M2016 Var% Systems € mln 4% Datalogic 417.7 391.0 6.9% Solution Net 19.3 13.8 40.1% Systems Informatics 16.4 18.6 (11.8%) Adjustments (2.7) (1.5) n.m. Total Revenues 450.7 421.8 6.9% Datalogic 93% ▪ Datalogi
Slide 11: Focus on Datalogic Division
Focus on Datalogic Division DL Revenues Breakdown by Industry DL Revenues Breakdown by Geo Area CHANNEL (Unallocated)* APAC 9% 14% HC 5% Latin America T&L 5% 11% RTL 49% EMEA 57% North America 24% MFG 26% Retail Manufacturing T&L Healthcare • €204.8 mln (-1.3%) • €110.4 mln (+10.2%) • €43.9 mln (+9.
Slide 12: EBITDA: actual vs last year
EBITDA: actual vs last year € mln Of which Material Saving 3.6 17.3 % on 15.8 % on Receiving & Packing 1.0 Group Group Revenues Revenues Ind Fix OH 0.4 5.0 7.5 0.9 2.2 77.9 (0.5) 11.6 66.6 (6.6) (8.7) -2.1% on 2017 revenues 9M 2016 Price Volume Mix Service COGS FX Structure SNS/INF 9M 2017 Positive
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Sep Dec Sep Sep Dec Sep 2017 2016 2016 2017 2016 2016 Net Total Fixed 355.4 371.7 354.7 Financial 15.2 (3.5) 37.6 Assets Position Trade receivables 93.1 75.5 72.6 % on 12m rolling sales 15.4% 13.1% 12.8% Inventories 87.5 82.3 90.4 % on 12m rolling sales 14.5% 14.3% 16.0% T
Slide 14: Net Debt Analysis: Dec’16 – Sept’17
Net Debt Analysis: Dec’16 – Sept’17 € mln 77,9 Acc. Receivable (16.8) Inventory (3.6) Acc. Payable (14.5) (34,9) (8,0) 2.0% on (16,7) Revenues 3,5 (5,7) (15,2) (17,4) (8,0) (5,8) Net Debt EBITDA Ch TWC Capex Taxes Net Financial Dividend Soredi Other Net Debt Dec 16 Charges Paymemt Acquisition Sep 17
Slide 15: New products
New products DATALOGIC
Slide 16: Q3 New Products
Q3 New Products Jul Aug Sep QuickScan DSE04x1 Lite RIDA BC6020 decoded scan engines QW2400 PowerScan 9100 Memor X3 Health Care Joya Touch A6 Retail Magellan 3450VSi Joya Touch and 3550HSi A6 Health Care scanners Rhino II Herbo DE1011-SR 11.11 IMPACT SW Release DS5100 Series
Slide 17: Outlook
Outlook DATALOGIC
Slide 18: 2017 Outlook
2017 Outlook ▪ Keep on growing in revenues at rates substantially in line with 9M ▪ Strong focus on gross operating margin to maintain a sound profitability ▪ Increasing R&D & Distribution operating expenses to boost further growth and maintain leadership in the market ▪ Cash Generation through NWC
Slide 19: Contact
Contact IR CONTACTS NEXT EVENTS IR Manager November 13th, 2017 Vincenza Colucci 9M results 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 Vi