Cellularline Spa · MIL:CELL
Cellularline Spa — 9M 2022 Earnings Presentation
11 slides from Cellularline Spa's earnings presentation, Nov 11, 2022
Slide 1: 9M 2022 Financial results
9M 2022 Financial results Reggio Emilia – 11 November 2022
Slide 2: Disclaimer
Disclaimer This document has been prepared for preliminary discussions in relation to Cellularline S.p.A. (the “Company”) and its affiliates (together, the “Group”). This document, the information contained herein, and any information provided at any presentation in connection herewith (the “Materia
Slide 3: 9M 2022 Highlights
9M 2022 Highlights Revenues +28,7% YTD, thanks to strong performance both in Italian and International markets despite of challenging economic context and high level of inflation. Top line growth continues also during the third quarter (+18.7%), confirming the soundness of the strategies put in
Slide 4: Key financials (€M)
Key financials (€M) Revenues EBITDA Adj. (1) 120,0 (€M) 74.0 95.3 12,0 (€M) 100,0 10,0 0,9 80,0 8,0 60,0 94,4 6,0 40,0 10,9 74,0 9,2 4,0 20,0 0,0 2,0 9M 2021 9M 2022 0,0 Organic Coverlab 9M 2021 9M 2022 Net Result Adj. (1) Net Debt (€M) 5,0 50,0 (€M) (€M) 24,6 49,0 2,5x 4,0 40,0 3,0 30,0 2,3x 2,0 4,
Slide 5: Focus on Revenues
Focus on Revenues Revenues bridge (€M) 120 6,0 Red line 100 -0,1 14,5 -0,9 80% Product 1,8 Line Black line 80 6% 60 Blue line 95,3 14% 40 74,0 20 Italy 50% 0 International 9M 2021 Red line Red line Black line Blue line Other 9M 2022 Geo 50% Italy Int. Revenues +28.7% YTD 2022 - with a solid growth
Slide 6: Focus on EBITDA Adj.
Focus on EBITDA Adj. EBITDA Adj. bridge (€M) (% on Revenues)% on Revenue 20,0 (-3,3%) impact on Gross Margin (+2.4%) impact on Op.Ex. 16,0 -4.4 12,0 (3,8%) 6,2 8,0 10,9 4,0 9,2 (11,5%) (12,4%) 0,0 9M 2021 Gross Margin Op.Ex. 9M 2022 EBITDA Adj. hit €10.9M in 9M 2022, recording an increase of €1.7M
Slide 7: Focus on Net Result Adj.
Focus on Net Result Adj. Net Result Adj. bridge (€M) 8,0 6,0 -0,7 -0,4 1,7 (3,8%) 4,0 -1,1 5,3 4,9 2,0 4,2 3,7 0,0 Net Result Adj. EBITDA Adj. D&A Net Financials Taxes Net Result Adj. 9M 2021 (include FX differences) 9M 2022 Net Result Adj. €3.7M slightly decreased in 9M 2022 vs 9M 2021, as a cons
Slide 8: Focus on Net Debt
Focus on Net Debt Net Debt bridge (€M) (X) Leverage ratio(1) 50,0 -0.1 0,7 2,9 45,0 1,2 40,0 5,7 35,0 45,3 (2,5x) 37,4 30,0 (,2,3x) 25,0 FY 2021 Financial Liabilities Warrant IFRS 16 FV Put & Call Cash & Eq. 9M 2022 Net Debt Net Debt as of 30 September 2022 was €45.3M, net of Financial lease contr
Slide 9: FY 2022 & Medium-term overview
FY 2022 & Medium-term overview • FY2022 The management is optimistic about the ongoing top-line growth for the rest of FY2022, based on i) the performance recorded in 9M 2022 and ii) the benefits expected from the activities planned for the fourth quarter EBITDA Adj. increase in absolute terms,
Slide 10: Q&A session
9M 2022 Financial Results Q&A session 10 cellularline
Slide 11: IR contact
IR contact Davide Danieli Group Corporate & Financial Officer Alessandro Brizzi IR & Group Finance Manager ir@cellularlinegroup.com www.cellularlinegroup.com Ph: +39 0522 33 40 02 11