Disclaimer
These statements are related, among others, to the intent, belief or current expectations of the customer base, estimates regarding future growth in the different business lines and the global business, market share, financial results and other aspects of the activities and situation relating to the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those expressed in or implied by these forward-looking statements as a result of various factors, many of which are beyond the ability of DiaSorin S.p.A. to control or estimate precisely. The Company does not undertake to update or otherwise revise any forecasts or objectives presented herein, except in compliance with the disclosure obligations applicable to companies whose shares are listed on a stock exchange. Luigi De Angelis, the Officer Responsible for the preparation of corporate financial reports of DiaSorin S.p.A., in accordance with the second subsection of art. 154-bis, part IV, title III, second paragraph, section V-bis, of Legislative Decree February 24, 1998, no. 58, declares that, to the best of his knowledge, the financial information included in the present document corresponds to book of accounts and book-keeping entries of the Company.Â
2015-2017 PLAN:
FINANCIALS
2015-2017 Plan Main Assumptions
EUR/USD Exchange Rate
Group Tax Rate
CLIA ex Vitamin D
1.15
Main foreign currency to which the Group is exposed
~ 34.0% Mainly as a result of recent changes in Italian tax regulation
Molecular investment contribution to ebitda
Price Erosion
~ 2%
Vitamin D
3-5%
Average discounts granted when a relevant contract with existing customers is renegotiated
Slightly below break-even during the period
Long-term strategic asset open to future development
Guidance 2015-2017 造/MLN
2014a
2017
REVENUES
444
550-570
160
205-215
36.1%
~ 37.5%
84
110-114
18.9%
~ 20.0%
FCF
91
280-300 (*)
EPS
造 1.55
造 2.00-2.08
CLIA ex Vitamin D Vitamin D ELISA / RIA Instruments & other Molecular Diagnostics
EBITDA EBITDA Margin
NET RESULT % on revenues
CAGR
~ +8.0% ~ +16.0% ~ +2.0% ~ -8.0% ~ +4.0% ~ +30.0% ~ +9.5% ~
+10.0%
(*) Cumulative 2015-2017
M&A: potential targets OPPORTUNITIES IN THE MARKET SIZE OF THE TARGET
LISTED AND/OR PRIVATE COMPANIES DEPENDING ON THE OPPORTUNITY
MARKET EXPANSION
GEOGRAPHICAL EXPANSION
COMPANIES WITH A DEVELOPED CUSTOMER BASE ACCESSIBLE WITH THE COMBINED MENU (DiaSorin + Target Company)
ACQUISITION OF LOCAL DISTRIBUTORS WHEN THE MARKET BECOMES RELEVANT (> 5 造/MLN) (e.g. Switzerland in 2014, Poland in 2015)
CONTENT driven
TECHNOLOGICAL CONVERSION
COMPANIES WITH CLIA MARKERS/RAW MATERIAL PROTECTED BY IP (e.g. Biotrin with Parvovirus test)
COMPANIES RUNNING TESTS ON OLD TECHNOLOGIES WHICH CAN BE CONVERTED TO CLIA (e.g. Murex with Hepatitis and Retrovirus tests on ELISA converted to CLIA)