Amplifon SpA · MIL:AMP
Amplifon SpA — Q3 2020 Earnings Presentation
14 slides from Amplifon SpA's earnings presentation, Oct 28, 2020
Slide 1: Q3 & 9M 2020 Results
Q3 & 9M 2020 Results Milan, October 28t*, 2020 amplifon
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 2020: Excellent quarter driven by double-digit revenue growth in LC
Q3 2020: Excellent quarter driven by double-digit revenue growth in LC and outstanding profitability expansion Significant step-up in profitability supported by structural efficiencies Outstanding top-line growth at 0.4% in LC Excellent organic growth at +8.2%, well above market and supported by sig
Slide 4: Q3 2020 Financial highlights
Q3 2020 Financial highlights Double-digit growth at constant FX and implementation of decisive measures resulting in an impressive step-up in profitability = Outstanding top-line growth of 10.4% in LC Data in €m Q3 2020 Q3 2019 d% + Strong organic growth at +8.2%, well above market + M&A contributio
Slide 5: 9M 2020 Financial highlights
9M 2020 Financial highlights Trend in strong acceleration reflecting swift recovery and strong ability in managing cost base and cash flow Data in €m 9M 2020 9M 2019 A% REVENUES 1,042.1 1,224.7 14.9% Organic growth 16.3% Acquisitions +1.9% FX -0.5% EBITDA 228.4 262.6 13.0% Margin % 21.9% 21.4% - GA
Slide 6: Financial results by Region
Financial results by Region EMEA: strong recovery with an excellent performance in Q3 both on top-line and profitability across all major markets Data in €m 9M 2020 9M 2019 A% REVENUES 740.7 877.8 15.6% Organic growth -17.2% Acquisitions +14% FX +0.2% EBITDA 179.7 205.4 12.5% Margin % 24.3% 23.4% -
Slide 7: Financial results by Region
Financial results by Region AMERICAS: varied impact of Covid-I9 across the Region, with the core US market showing a strong recovery and back to solid organic growth in LC in Q3 = Revenues down 12.5% in LC in the 9M Data in €m 9M 2020 9M 2019 bh = Organic performance at -I3%, due to Covid-l9 outbrea
Slide 8: Financial results by Region
Financial results by Region APAC: leading the recovery on the top-line and showing an outstanding operating leverage, further accelerated by Q3 excellent performance = Revenues down -6.I% in LC in the 9M Data in €m 9M 2020 9M 2019 A% + Organic performance at -13.3% + M&Acontribution at +7.2% related
Slide 9: Q3 2020 Financial results
Q3 2020 Financial results Excellent results with a strong profitability expansion resulting in a Net Profit growing at ~+75% vs Q3 2019 Data in €m Q3 2020 Q3 2019 A% Rec. (unless specified) Recurring Reported REVENUES 428.2 392.7 392.7 +9.0% EBITDA! 97.1 76.0 63.5 +27.6% Margin % 22.7% 19.4% 16.2% =
Slide 10: 9M 2020 Financial results
9M 2020 Financial results Results far better-than-expected despite extraordinary Covid-19 impact on business Data in €m 9M 2020 9M 2019 A% Rec. (unless specified) Recurring Reported REVENUES 1042.1 1224.7 1224.7 14.9% EBITDA! 228.4 262.6 244.2 3.0% Margin % 21.9% 214% 19.9% = ORDINARY D&A 19.3 10.2
Slide 11: 9M 2020 Financial results
9M 2020 Financial results Outstanding Free cash flow, up +85.2% vs PY, leading to a reduction in NFP of ~€145 million vs Sept 2019 Data in €m 9M 2020! 9M 20197 A Operating cash flow before repayment of lease liabilities 205.4 187.0 18.4 Repayment of lease liabilities (50.3) (59.6) 9.4 Operating cash
Slide 12: 9M 2020 Financial results
9M 2020 Financial results Significant reduction in NFP and leverage at 1.89x Data in €m 30/09/2020 31/12/2019 Cash (462.6) (138.4) Short-term debt 48.0 172.4 Medium/long-term debt 1127.2 752.6 Net financial debt 712.6 786.7 Lease liabilities 423.2 424.6 Total financial debt & lease liabilities 1135.
Slide 13: 2020 Outlook
2020 Outlook Ga The current developments of the pandemic in many areas of the world limit the visibility on the next months and require us to remain cautious Looking at the final part of this year = With regards to revenues * Also in October we are currently trading well above previous year level =
Slide 14: Investor Relations Contacts
Investor Relations Contacts FRANCESCA RAMBAUDI AMANDA HART GIRALDI OLGA LEPECHKINA Director Manager Assistant Tel: +39 02 5747 2261 Tel: +39 02 5747 2317 Tel: +39 02 5747 2542 iK ri i Mi amanda.giraldi@amplifon.com olga.lepechkina@amplifon.com amplifon