FY 2023 Results Conference Call

MARCH 14TH,2024

FY 2023 & Q4 2023 Results

FY 2023 Results, €m

REVENUES

GOM

Adj. EBITDA

NET RESULT

€224.4

€49.5

€9.5

€536.6

41.8%

9.2%

1.8%

-18.0%

(+1.7 pp)

(-3.0 pp)

(-2.8 pp)

Q4 2023 Results, €m

REVENUES

GOM

Adj. EBITDA

NET RESULT

€47.3

€6.2

€-1.3

€119.6

39.6%

5.2%

-1.1%

-32.9%

(+0.2 pp)

(-8.3 pp)

(-9.4 pp)

Net Debt at €35.3M

2

FY 2023 Highlights: improved industrial margins and operating cash flow generation despite negative volume impact

Revenues decreased by 18.0%, due to a negative

demand in all market segment and geographical areas

Gross Operating Margin, improving at 41.8% compared to 40.1% in FY2022 (+1.7 pp) thanks to positive effects of price, mix and productivity which offset heavy volumes reduction

R&D Cash Out at €66.7M, at 12.4% on revenues (9.8% in 2022), maintaining solid levels of R&D investments

Adj EBITDA margin at 9.2% (12.3% in 2022), mainly due to negative volumes, partially offset by positive

price/mix, productivity and costs savings

Positive price/mix across main geographies and

Net Debt at €35.3M, thanks to a sound +€32.5M

product lines

operating cash flow generation, fueled by tight control

on Net Working Capital

3

Group Revenues by Geography and Market Segment

€m

Data Capture

Industrial Automation

Total DL Business

Informatics

Intra division

Total Datalogic

EMEAI

AMERICAS

APAC

Total Datalogic

FY 2023

FY 2022

Var %

FY 2023

FY 2022

Var %

FY 2023

FY 2022

Var %

FY 2023

FY 2022

Var %

173.3

220.1

(21.3%)

114.7

130.0

(11.8%)

32.2

47.6

(32.4%)

320.2

397.7

(19.5%)

117.8

135.1

(12.8%)

46.8

52.5

(10.9%)

35.4

53.0

(33.1%)

200.1

240.5

(16.8%)

291.1

355.2

(18.0%)

161.4

182.5

(11.5%)

67.6

100.6

(32.8%)

520.2

638.3

(18.5%)

-

-

-

17.0

18.2

(6.7%)

-

-

-

17.0

18.2

(6.7%)

-

-

-

(0.6)

(1.8)

-

-

-

-

(0.6)

(1.8)

-

291.1

355.2

(18.0%)

177.8

198.8

(10.6%)

67.6

100.6

(32.8%)

536.6

654.6

((18.0%))

% on Group Revenues

% on DL Business Revenues

APAC

12.6%Industrial

Automation

38.5%

EMEAI 54.3%

Americas

Data Capture

61.5%

33.1%

4

New Products Launches and Innovation

Hand Held Scanners

Fixed Retail

Stationary Industrial

Mobile

Sensor & Safety &

Scanners

Scanners

Machine Vision

Quickscan 2200 Series Powerscan 9600

SmartVS+

BT

Matrix 320X

Matrix 220X

P3x Smart

Magellan 96i/99i

Premium

Premium

Camera

SO,SS

Gryphon 4500 Fixed

Powerscan 9600 AR

Series

Series

Datalogic

Memor 11

S3N-T5x

MX-C50

Mobility Suite

Family

Blade Series

Powerscan 9600

Powerscan 9600

Ethernet

DPX Series

R&D at 12.4%, +2.7 bps vs LY (9.8%). Commitment to Product Development Roadmap continues

5

FY 2023 P&L

€ m

FY 2023

FY 2022

Var %

restated*

Revenues

536.6

654.6

(18.0%)

Gross Margin

224.4

262.5

% on Revenues

41.8%

40.1%

+1.7 pp

Operating expenses

(207.5)

(213.4)

% on Revenues

(38.7%)

(32.6%)

-6.1 pp

Adjusted EBITDA

49.5

80.3

% Adj. Ebitda margin

9.2%

12.3%

-3.0 pp

Adjusted EBIT

16.9

49.1

% Adj. Ebit margin

3.1%

7.5%

-4.4 pp

EBIT

9.6

40.9

% Ebit margin

1.8%

6.3%

-4.5 pp

Net Result

9.5

30.1

% on Revenues

1.8%

4.6%

-2.8 pp

* Restatement mainly due to reclassification of some installation costs from S&D to COGS

  • Gross Margin at 41.8% (+1.7 pp YoY) thanks to positive pricing/mix and productivity offsetting negative volumes
  • Lower operating expenses at €207.5m, but preserving continuous investments in R&D and S&D
  • Adj EBITDA margin at 9.2% (-3.0 pp YoY), due to highly negative volume impact on operating expenses, partially offset by gross margin improvement
  • Net Result at €9.5m vs €30.1m in 2022

6

EBITDA Adj: actual vs last year

€ m

Positive Items

Negative Items

80.3

(56.4)

1.2

(0.7)

49.5

4.7

5.9

12.6

1.9

FY 2022

Volume

Price

Mix

Productivity

Structure

Others

FX Effect

FY 2023

12.3% on Group

9.2% on Group

Revenues

Revenues

7

Net Debt & Cash Flow Analysis : Dec'22 - Dec'23

€ m

Positive Items

Negative Items

(26.4)

38.0

(6.1)

(2.3)

(20.2)

49.5

(17.0)

(19.8)

(35.3)

7.9

(42.0)

3.1

NFP Dec 22 EBITDA Adj. Ch. TWC

Net

Taxes

Net

Others

Dividend

Treasury

M&A

Others, not

NFP Dec 23

Investment

Financial

Payment

Shares

operating

ChargesRepurchase

8

Sale of 100% share capital in Informatics Holdings, Inc.

Informatics is a stand-alone company actively engaged in the non-core business of marketing and distributing software products and solutions tailored for small and medium-sized companies mainly in the US. The company was acquired in 2005 and it is based in Plano, Texas.

Buyer

On March 7, 2024, Datalogic S.p.A. sold its 100% stake in Informatics to an affiliate of the U.S. private equity firm Renovo Capital LLC.

Transaction

• The disposal value was agreed upon at USD 34 million

  • EV/EBITDA adj 2023 at around 10x

Rationale

• Divestment of a non-core asset to focus on the core business IA & DC

  • Additional financial resources to support growth, both organically and through M&A

9

Contacts

IR CONTACTS

IR Manager

Alessandro D'Aniello

Tel. +39 051 3147109 ir@datalogic.com Via Candini, 2

40012 Lippo di Calderara di Reno Bologna - Italy

IR Advisor Vincenza Colucci

CDR Communication Srl

Tel. +39 335 6909547 vincenza.colucci@cdr-communication.it

IR Assistant Daniela Giglioli

Tel. +39 051 3147109

Fax +39 051 3147205 daniela.giglioli@datalogic.com

NEXT EVENTS

March 21, 2024

Euronext STAR Conference

April 30, 2024

Shareholders' Meeting

May 15, 2024

Q1 2024 Results

DATALOGIC ON LINE

www.datalogic.com

10

Attachments

Disclaimer

Datalogic S.p.A. published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 17:08:01 UTC.