Verimatrix Sa · EURONEXT:VMX
Verimatrix Sa — H1 2022 Earnings Presentation
22 slides from Verimatrix Sa's earnings presentation, October 2022
Slide 1: Investors Presentation H1 2022 Earnings
INVESTORS PRESENTATION H1 2022 EARNINGS Jean-François Labadie, CFO October 2022
Slide 2: Disclaimer
Disclaimer This document was prepared by Verimatrix and is provided for information No statement in this presentation is intended as a profit forecast or estimate for any purposes only. It is public information only. period. Persons receiving this document may not and should not rely on forward look
Slide 3: Verimatrix Strategy
VERIMATRIX STRATEGY Copyright © 2021 Verimatrix. All Rights Reserved. 3
Slide 4: 2 global business lines
2 global business lines protecting an unprotected digital world ANTI PIRACY THREAT DEFENSE PROTECT VALUABLE CONTENTS PROTECT APPS AND IOT Protecting content for Streaming Media Extended threat defense software Pay TV, Telcos and Broadcasting from the devices to the enterprise 4
Slide 5: Two successful business lines
Two successful business lines Anti-Piracy Threat Defense Verimatrix protects valuable revenue Verimatrix’s threat defense products and streams of media distributors, from TV services close the open door in current operators, to OTT service providers, from security walls by monitoring unmanaged live
Slide 6: Streamkeeper
ANTI PIRACY Streamkeeper battle-ready cybersecurity engineered to hunt down & take out video piracy Multi-DRM Counterspy App Anti-Piracy Telemetry with Edge Authenticator Shutdown Watermarking 6
Slide 7: Streamkeeper Recognition
7 Streamkeeper Recognition Best Content Enterprise Product of the The Revenue Protection Technology Year Security Software Security Award Verimatrix Confidential Proprietary — Copyright © 2022 Verimatrix, All Rights Reserved.
Slide 8: Solution: Protected Apps and Devices with Verimatrix Threat Defense
Solution: Protected Apps and Devices with Verimatrix THREAT DEFENSE On-Device Device Remote Behavioral Number of Security Visibility & Control Analysis Devices Managed Devices SMALL BYOD MED LG Unmanaged Devices Connected Apps XL 8
Slide 9: Solid sales momentum – The case of Izzi Telecom
Solid sales momentum – The case of Izzi Telecom A major player in the Mexican telecommunications sector offering popular services such as Izzi TV or Izzi Go fdfdfdfdfdfdfd Adding Streamkeeper and Extended Threat Defense to protect millions of devices (apps, web streaming services, “Cybersecurity a s
Slide 10: Notable Sales Wins
10 Notable Sales Wins Streamkeeper XTD VCAS Edison Digital Deutsche Jarir Porto Fastway Interactive Nirvana Bank Store Seguro IMAX Banco VanEck Theatre Union Asset Mngt RCBC Roadpost Bank Satellite Verimatrix Confidential Proprietary — Copyright © 2022 Verimatrix, All Rights Reserved.
Slide 11: Verimatrix Threat Defense Service
Verimatrix Threat Defense Service Protect your bottom line with cybersecurity countermeasures to stop the bad guys from hijacking your apps, APIs and devices. • Extend threat defense to the new endpoint • Shield apps and services with DDoS protection • Monitor threat matrix to gauge risk/response •
Slide 12: Our ambition for 2025
Our ambition for 2025 PROTECT CONTENT FROM PIRACY AND DEFEND THE ENTERPRISE FROM UNMANAGED DEVICES ANTI PIRACY THREAT DEFENSE Become N°1 in Leverage our position protecting video in IOT and Apps protection for the streaming market to extend into entreprise’s endpoints protection market FINANCIAL TAR
Slide 13: Revenue evolution regarding transformation journey
Revenue evolution regarding transformation journey Revenue evolution (Recurring / Non-Recurring) CAGR in ARR expected above 30% >100 71.8 $26.8M 2021 2025 2021 2022 2023 2024 2025 The change of the business model will deliver a Recurring Revenue Non Recurring Revenue sustainable and profitable growt
Slide 14: Evolution of governance to better meet our strategic objectives
Evolution of governance to better meet our strategic objectives EXECUTIVE CHAIRMAN CHAIRMAN AND CHIEF EXECUTIVE OFFICER fdfd CHIEF EXECUTIVE OFFICER CHIEF OPERATING OFFICER Verimatrix Confidential Proprietary — Copyright © 2022 Verimatrix, All Rights Reserved.
Slide 15: Q2 Revenue H1 2022 Earnings
Q2 REVENUE H1 2022 EARNINGS 15
Slide 16: Q2 & H1 revenue
Q1 & H1 revenue Q2 REVENUE YTD REVENUE 2Q22 1H22 (in US$ million) 2Q22 2Q21 1H22 1H21 vs. 2Q21 vs. 1H21 Recurring revenue 6.1 5.7 6.5% 12.3 12.4 -0.3% of which subscriptions 1.6 1.2 30,7% 3.2 2.6 20.3% of which maintenance 4.5 4.5 0.0% 9.2 9.8 -5,8% Non-recurring revenue 10.0 9.7 3.0% 16.6 23.2 -28.
Slide 17: H1 2022 – Highlights
H1 2022 – Highlights Profitability up ca. $1.0 million: EBITDA of $0.2 million vs $(0.8) million in H1 20211 Streamlined operating cost structure: 78.4% of total revenue (vs 81.8% in H1 2021)1 fdfdfdfdfdfdfd Improved adjusted operating income: loss of $1.9 million (vs $2.7 million in H1 2021)1 Stron
Slide 18: H1 2022 – Operating Income
H1 2022 – Operating Income H1 2021 H1 2021 (in thousands of US$) H1 2022 Core Company Business Revenue 28,889 35,549 52,194 Gross profit 20,781 26,424 38,548 As a % of revenue 71.9% 74.3% 73.9% fdfdfdfdfdfdfd Research and development expenses (9,783) (9,698) (9,859) Selling and marketing expenses (7
Slide 19: H1 2022 – Cash Flow
H1 2022 – Cash Flow Close to $20 m cash available after pay down of OCEANE for $17m (in thousands of $) H1 2022 H1 2021 Cash generated (used) by continuing operations before changes in working (343) 12,028 capital Cash generated (used) in changes in working capital from continuing operations (2,223)
Slide 20: Outlook
OUTLOOK Copyright © 2021 Verimatrix. All Rights Reserved. 20
Slide 21: Full-year guidance 2022
Full-year guidance 2022 Mid single-digit growth in total recurring revenue driven by given > 25% growth in stability in subscription revenue maintenance revenue Verimatrix Confidential Proprietary — Copyright © 2022 Verimatrix, All Rights Reserved.
Slide 22: Investor Information
INVESTOR INFORMATION Investor relations CFO finance@verimatrix.com Media Contact Matthew Zintel communication@verimatrix.com Financial Calendar Q3 2022 Revenue: October 26, 2022 (after market) Visit: https://investors.verimatrix.com/