Slide 1: Company Presentation
Fare clic per modificare lo stile del titolo Company Presentation Star Conference New York, May 30th 2007
Slide 2: Agenda
ªTHE GROUP ªTRANSFORMATION PLAN ªDATALOGIC OFFER ªUPDATE ON PSC ªFINANCIAL HIGHLIGHTS ªANNEXES © Copyright Datalogic 2007 2
Slide 3: Datalogic Vision, Mission and Values
Datalogic Vision “To be Top of Mind when thinking about needs in the item identification value chain” Datalogic Mission “Promote and provide business solutions for data management by offering high value systems, products and services to mark, capture, compute and communicate (M&3CTM) information any
Slide 4: A Wide International Coverage
A Wide International Coverage Datalogic S.p.A. - Corporate Sales & Service Offices Manufacturing Plants R&D Centers © Copyright Datalogic 2007 4
Slide 5: 2001 – 2006: a history of growth...
2001 – 2006: a history of growth... PSC Acquisition (In million Euro) Closing: November 2005 Price: approximately USD 195 m CAGR 2001 – 2006 = 28% Consolidated for 1 month 381,6 Informatics Acquisition Automatic and identification sector Closing: March 2005 Price: €18.2m Consolidated for 10 months L
Slide 6: 2001 – 2006: Share Performance
2001 – 2006: Share Performance (In Euro) In May 2006, splitting of capital share (4 shares for each existing): 25,80 actual average share price € 6,45 Dividend FY07: € 0,06 Coupon detach. May 7th Payment May 10th 1,22 0,22 0,18 0,05 0,15 20,00 IPO Price Dividend Dividend Dividend Dividend Dividend S
Slide 7: Shareholders’ Structure
Shareholders’ Structure Assicurazioni Generali Number of shares: 63.655.472 3,09% MKT Cap: € 412 million Free Float 31,95% Hydra S.p.A. 59,26% Tamburi Investment P. 5,64% Own shares 0,06% © Copyright Datalogic 2007 7
Slide 8: Agenda
ªTHE GROUP ªTRANSFORMATION PLAN ªDATALOGIC OFFER ªUPDATE ON PSC ªFINANCIAL HIGHLIGHTS ªANNEXES © Copyright Datalogic 2007 8
Slide 9: The Datalogic Group before 2nd April 07
The Datalogic Group before 2nd April 07 Business Development Division Data Capture Division Develop adjacent and emerging business Develop core business ª Build emerging businesses ª Defend and extend current core business ª Look at adjacent businesses to integrate upstream and downstream © Copyrigh
Slide 10: How Datalogic has changed
How Datalogic has changed Scanning ADC Division HHR (DLS) USS Automation RA Division Laservall (DLA) Mobile EMS Mobile Division MC (DLM) EBS Business Development Informatics Datalogic Corporate ª Corporate Organization ª Divisional Structure ª Provides strategic direction ª Focus on product and mark
Slide 11: The Final Result on April 2, 2007
The Final Result on April 2, 2007 DATALOGIC SpA HQ BOLOGNA, CORPORATE Board of Directors Executive Management Steering Committee Datalogic Scanning Datalogic Mobile Datalogic Automation Business Development HQ Eugene, OR, USA HQ Bologna, Italy HQ Bologna, Italy HQ Bologna, Italy © Copyright Datalogi
Slide 12: Benefits of the New Structure
Benefits of the New Structure ª To increase our market shares in the WW item identification market ª Creation of a Federal Group of Companies with a deep focus on product and market specialization ª The new structure will be a solid platform upon which Datalogic can continue to expand the Group ª Mo
Slide 13: Agenda
ªTHE GROUP ªTRANSFORMATION PLAN ªDATALOGIC OFFER ªUPDATE ON PSC ªFINANCIAL HIGHLIGHTS ªANNEXES © Copyright Datalogic 2007 13
Slide 14: Hand Held Readers
Hand Held Readers Datalogic Scanning Division #2 Worldwide and #1 in EMEA ª Competitors EMEA Symbol, Metrologic AMERICAS Symbol, Metrologic, Intermec, HHP ASIA Symbol, Denso, Opticon © Copyright Datalogic 2007 14
Slide 15: Fixed Position Scanners for Retail
Fixed Position Scanners for Retail Datalogic Scanning Division #1 Worldwide, #1 in EMEA and #2 in Americas ª Competitors EMEA NCR, Symbol, AMERICAS NCR, Symbol ASIA Fujitsu © Copyright Datalogic 2007 15
Slide 16: Mobile Computers
Mobile Computers Datalogic Mobile Division #4 in EMEA and #5 Worldwide ª Competitors EMEA Symbol, Psion-Teklogix AMERICAS Symbol, Intermec © Copyright Datalogic 2007 16
Slide 17: Unattended Scanning Systems - Industrial
Unattended Scanning Systems - Industrial Datalogic Automation Division #1 in EMEA and #3 Worldwide ª Competitors EMEA Sick AMERICAS Accu-Sort ASIA Toheken © Copyright Datalogic 2007 17
Slide 18: Marking and RFID
Marking and RFID Datalogic Automation Division #1 in USA Automotive/Electronic ª Competitors ª Competitors (Readers) EMEA Trumph, Rofin EMEA Deister, Assa/Hid, Siemens AMERICAS Quantronix, Coherent, RMI AMERICAS Assa/Hid, Deister, TransCore ASIA Hans Laser, Miyachi ASIA Omron, Asssa/Hid, Gemplus © C
Slide 19: Business Development Division
Business Development Division #1 in Italy 80 installations Enterprise Business Solutions SMB Barcode Solutions - Informatics © Copyright Datalogic 2007 19
Slide 20: Business Solutions (1/2)
Business Solutions (1/2) POINT OF CUSTOMER INTERCHANGE Implementing CRM to better know your customers and achieve greater sales opportunities WAREHOUSE MANAGEMENT SYSTEMS Improving your SCM to capitalise on significant Investments made in the ERP system © Copyright Datalogic 2007 20
Slide 21: Business Solutions (2/2)
Business Solutions (2/2) SORTING Increasing value for money by streamlining and speeding up your deliver processes WORK IN PROGRESS Enhancing your accountability with traceability solutions to maximise the ERP investment ORIGINAL EQUIPMENT MANUFACTURERS Serving and supporting customer embedding bar-
Slide 22: Agenda
ªTHE GROUP ªTRANSFORMATION PLAN ªDATALOGIC OFFER ªUPDATE ON PSC ªFINANCIAL HIGHLIGHTS ªANNEXES © Copyright Datalogic 2007 22
Slide 23: Restructuring Plan Update
Restructuring Plan Update - February 06: Start of the fast-track restructuring 1Q 2006 Actions - March 06: Bill Parnell appointed new CEO - Reduced employees by a total of 49 (out of the 740 regular employees) - Annual cost saving of over Usd 4.4 m (6% of PSC’s operating costs) 2Q 2006 Actions - Est
Slide 24: Agenda
ªTHE GROUP ªTRANSFORMATION PLAN ªDATALOGIC OFFER ªUPDATE ON PSC ªFINANCIAL HIGHLIGHTS ªANNEXES © Copyright Datalogic 2007 24
Slide 25: Consolidated Income Statement
Consolidated Income Statement (Euro/1.000) 1Q06 % 1Q07 % Ratios Revenues 95.248 100,0% 104.065 100,0% 9,3% COGS -52.899 -55,5% -58.051 -55,8% Gross Operating Margin 42.349 44,5% 46.014 44,2% 8,7% R&D -6.634 -7,0% -7.007 -6,7% G&A -7.714 -8,1% -7.303 -7,0% Distribution Costs -22.489 -23,6% -19.862 -1
Slide 26: Revenues Details
Revenues Details (Euro/1.000) Revenues by Division Revenues by Geographic Area 19% 19% 20% 14% 17% 29% 32% 30% 81% 81% 80% 71% 45% 42% 9% 11% FY05 FY06 1Q06 1Q07 1Q06 1Q07 Data Capture Business Development 1Q06 1Q07 Var. % 1Q06 1Q07 Var % Data Capture 76.645 83.431 9% Italy 9.014 11.051 23% Business
Slide 27: Ordinary Operating Profit - EBITANR – Actual vs LY
Ordinary Operating Profit - EBITANR (*) – Actual vs LY (Euro/1.000) 1.240 10.943 3.087 285 234 281 83 541 4.803 5.033 2.366 ice v. . p. . gs od ics ev ix De Pr .ex 6 7 t. sm Co pr rr .0 .0 uc at v. er rm he ar ar w ed In ale ct Op Ne M M Ot fo sR re l/S R R In Di AN AN ltie Vo ya IT IT EB EB Ro (*)
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet (Euro/1.000) 1Q06 FY06 1Q07 Fixed Assets 232.534 227.254 223.691 Receivables 92.646 90.917 97.574 Inventory 58.173 52.005 52.815 Payables -79.982 -78.042 -78.090 Net Working Capital 70.837 64.880 72.299 Employees' severance Indemn. -7.143 -7.624 -7.539 Risk Funds -9.838 -9
Slide 29: Net Debt
Ne tD eb tF Y0 Op er 6 © Copyright Datalogic 2007 ati ng 58.357 ca sh Flo w 8.359 Pu rc NW h./ sa C le 7.420 ow ns Es ha re cr ow s re im 7.341 bu rs em en t 2.494 Net Debt Ca pe x De 3.247 fer re dt ax es 757 Ot he rs 946 Ne tD eb t1 Q0 7 54.115 (Euro/1.000) 29
Slide 30: Agenda
ªTHE GROUP ªTRANSFORMATION PLAN ªDATALOGIC OFFER ªUPDATE ON PSC ªFINANCIAL HIGHLIGHTS ªANNEXES © Copyright Datalogic 2007 30
Slide 31: 3rd Player in the Auto-ID Market
3rd Player in the Auto-ID Market © Copyright Datalogic 2007 31
Slide 32: Consolidated Income Statement
Consolidated Income Statement (Euro/1.000) FY05 % FY06 % Ratios Revenues 205.948 100,0% 381.614 100,0% 85,3% COGS -106.526 -51,7% -214.544 -56,2% Gross Operating Margin 99.422 48,3% 167.070 43,8% 68,0% R&D -14.676 -7,1% -26.313 -6,9% G&A -17.273 -8,4% -28.752 -7,5% Distribution Costs -42.949 -20,9%
Slide 33: Revenues Details
Revenues Details (Euro/1.000) Revenues by Division Revenues by Geographic Area 14% 17% 19% 16% 29% 34% 26% 33% 81% 84% 44% 71% 76% 40% 16% 10% FY05 FY06 4Q05 4Q06 FY05 FY06 Data Capture Business Development FY05 FY06 Var. % FY05 FY06 Var % Data Capture 146.566 309.313 111% Italy 32.803 37.973 16% Bu
Slide 34: Ordinary Operating Profit - EBITANR – Actual vs LY
Ordinary Operating Profit - EBITANR (*) – Actual vs LY (Euro/1.000) 4.425 3.920 3.224 644 26.034 24.800 6.738 5.834 1.440 287 2.229 9.289 C ice v. PS all p. . . ics od gs ev ix De Pr .ex 06 rv 05 m rr Co pr at se v. er c. c. he rm s w In ale De La ct De Op Ne Ot fo re l/S R NR In Di AN Vo ITA IT EB
Slide 35: FY05 and FY06 results without PSC
FY05 and FY06 results without PSC (Euro/1.000) FY05 % FY06 % Ratios Revenues 186.523 100,0% 203.673 100,0% 9,2% COGS -93.329 -50,0% -103.340 -50,7% Gross Operating Margin 93.194 50,0% 100.333 49,3% 7,7% R&D -13.440 -7,2% -15.009 -7,4% G&A -16.391 -8,8% -19.412 -9,5% Distribution Costs -38.773 -20,8%
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet (Euro/1.000) FY05 FY06 Fixed Assets 254.016 227.254 Receivables 94.482 90.917 Inventory 51.512 52.005 Payables -74.681 -78.042 Net Working Capital 71.313 64.880 Employees' severance Indemn. -6.894 -7.624 Risk Funds -8.919 -9.856 Other liabilities -53.937 -29.687 Net Invest
Slide 37: Net Debt
Net Debt (Euro/1.000) 17.385 125.718 3.489 8.182 2.639 17.436 58.357 76.596 C 2.945 2.079 x P rs d NW pe NF en 5 6 he e Y0 Y0 w Ca as s vid Ot Flo C re tF tF re PS ha Di inc eb eb sh ns tD tD ca al ow pit Ne Ne ng Ca le ati sa er h./ Op rc Pu © Copyright Datalogic 2007 37