Datalogic S.p.a. · MIL:DAL

Datalogic — H1 2012 Earnings Presentation

19 slides from Datalogic's earnings presentation, Jul 30, 2012

1. Slide 1: First Half 2012 Conference Call

   First Half 2012 title Conference Call title 30th July, 2012 date © Copyright Datalogic 2007-2012

2. 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

3. Slide 3: Group Overview, H1 2012 Results, Outlook

   GROUP OVERVIEW H1 2012 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 3

4. Slide 4: Datalogic at a Glance

   Datalogic at a Glance  Global leader in Automatic Identification with a specific focus on the Automatic Data Capture and Industrial Automation markets  World-class total solutions provider and producer of bar code readers, data collection mobile computers, RFID and vision systems  Datalogic offer

5. Slide 5: A Wide Geographical Footprint

   A Wide Geographical Footprint EUROPE 34% NORTH AMERICA 39% ITALY 9% APAC 10% ROW 8% Direct presence in 30 countries worldwide 7 Manufacturing Sites 10 R&D Centers Note: Breakdown by area based on 2011 revenues (Datalogic + Accu-Sort Systems) © Copyright Datalogic 2007-2012 5

6. Slide 6: Group Overview, H1 2012 Results, Outlook

   GROUP OVERVIEW H1 2012 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 6

7. Slide 7: Strong Growth on a Quarterly Basis

   Strong Growth on a Quarterly Basis  14th consecutive growing quarter in terms of revenues and marginality  Recovery in Q2 Revenues despite continuous market slowdown  Improvement of EBITDA margin to 18.2% from 16% thanks to the new Supply Chain in the ADC division  Favorable exchange rate €/$ po

8. Slide 8: Highlights H1 2012

   Highlights H1 2012  Revenues up 12.7% to 236.9 M Euro  Still marginal contribution from acquisitions as Accu-Sort activities based on orders  Integration of Accu-Sort Systems, PPT Vision and Datalogic Automation from 1st July, integration costs accounted in H1  Continuous focus on Research and D

9. Slide 9: H12012 Consolidated P&L

   H12012 Consolidated P&L 000€ H12011 % H12012 % Var % Revenues 210,247 100.0% 236,860 100.0% 12.7% COGS (111,432) -53.0% (123,719) -52.2% 11.0% Gross Operating Margin 98,815 47.0% 113,141 47.8% 14.5% Other revenues 1,780 0.8% 6,109 2.6% 243.2% R&D (13,389) -6.4% (15,893) -6.7% 18.7% Distribution Cost

10. Slide 10: Revenues Growth

    Revenues Growth REVENUES BY DIVISION REVENUES BY AREA €000 H12011 H12012 Var % €000 H12011 H12012 Var % Automatic Data Capture 145,938 148,628 1.8% Italy 23,710 20,845 (12.1%) Industrial Automation 48,773 70,079 43.7% Europe 84,281 92,887 10.2% Informatics 15,766 18,477 17.2% North America 61,878 83

11. Slide 11: Segment Reporting: Revenues and EBITDA

    Segment Reporting: Revenues and EBITDA REVENUES EBITDA (€mln) (€mln) 236,9 40,6 210,2 31,8 145,9 148,6 25,7 22,6 70,1 48,8 9,1 7,2 15,8 18,5 3,5 7,4 10,4 1,9 2,4 1,2 ADC IA Informatics DL SpA Total Group ADC IA Informatics DL SpA Total Group IH 2011 IH 2012 H12011 H12012 Revenues Growth H12012/H1201

12. Slide 12: Segment Reporting: R&D and TWC

    Segment Reporting: R&D and TWC R&D COSTS TWC (€mln) (€mln) 15,9 96,0 13,4 11,6 9,6 64,1 50,4 6,5 38,1 28,0 3,3 19,5 14,8 0,3 0,4 0,2 0,5 3,0 3,8 3,3 ADC IA Informatics DL SpA Total Group ADC IA Informatics DL SpA Total Group H12011 H12012 H12011 H12012 R&D/Revenues H1 2011 H1 2012 TWC/Annualized Rev

13. Slide 13: EBITANR - Actual vs Last Year

    EBITANR * - Actual vs Last Year (€000) Vol. sales/Mix - 3,658 Service sales - 173 7,383 35,629 2,922 (130) 589 (3,831) 4,018 (1,836) 26,514 Other revenues + 4,328 Other variable costs - 448 Direct Cogs + 5,217 Exch rate on sales + 7,113 ASI & PPT margin - 731 Exch rate on DCOGS - 5,233 Other - 983 E

14. Slide 14: Consolidated Balance Sheet

    Consolidated Balance Sheet €000 At 31/12/2011 At 30/06/2012 Intangible fixed assets 42,228 62,501 Goodwill 112,152 186,204 Tangible fixed assets 49,991 51,054 Non Consolidated investments 7,951 13,028 Other fixed assets 31,935 40,282 Total Fixed Assets 244,257 353,069 Net trade account receivables 7

15. Slide 15: Net Debt Analysis: H1 2011 vs H1 2012

    Net Debt Analysis: H1 2011 vs H1 2012 (€000) Translation effect - 2,893 VAT - 4,753 Net Income + 26,564 Other - 6,255 Deprec&Amort + 7,751 Provision for bad debt + 135 13,901 171,841 Personnel & admin costs + 149 6,251 LTMIP accrual + 2,984 100,264 Tax Accrual + 5,432 RFID Assets sale - 4,200 Restru

16. Slide 16: Group Overview, H1 2012 Results, Outlook

    GROUP OVERVIEW H1 2012 RESULTS OUTLOOK © Copyright Datalogic 2007-2012 16

17. Slide 17: Outlook and Strategy

    Outlook and Strategy  Reference markets are growing below expectations but Datalogic will continue to grow above major competitors  The new integrated Supply Chain is giving a contribution to reduce the cost of good sold  As the market expectations for the second half seems to be more conservativ

18. Slide 18: We Welcome Your Questions!

    We Welcome Your Questions! © Copyright Datalogic 2007-2012 18

19. Slide 19: Thank You!

    Thank You! This presentation contains statements that are neither reported financial results nor other historical information. These statements are forward-looking statements. These forward-looking statements rely on a number of assumptions and are subject to a number of risks and uncertainties, man

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