Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — Q1 2015 Earnings Presentation
25 slides from Evs Broadcast Equipment Sa's earnings presentation, May 12, 2015
Slide 1: EVS Broadcast Equipment 1Q15 results
EVS Broadcast Equipment 1Q15 results May 12, 2015 Magdalena BARON, Senior Vice President, CFO Henry ALEXANDER, Senior Vice President, Market & Product " Geoffroy d’‘OULTREMONT, VP Investor Relations and Corporate Communication Hl < Hy Www.evs.com
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION The statements made in this presentation that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical fact, which address EVS Group’s [“EVS”, “the Group” or the “Company”) expe
Slide 3: Agenda
AGENDA [> Executive summary >» 1Q15 financials >» Business update » Outlook >» Annexes vs
Slide 4: Key Highlights
KEY HIGHLIGHTS i) fas highlights: EUR 24.1million revenue, -18.7% vs 1Q14 excl. big event rentals and at cst currency — We maintain our leadership position, but we face persistent slowdown in our niche market — Growth in Americas and APAC, weak EMEA due to timing and macroeconomic environment — Gros
Slide 5: Agenda
AGENDA >» Executive summary [> 1Q15 financials >» Business update >» Outlook > Annexes vs
Slide 6: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2013 2014 2015
Slide 7: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2013 2014 2015 2013 2014 2015
Slide 8: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2013 2014 2015 2013 2014 2015
Slide 9: Q1 Results: Revenue down by 18.7% excl. big events and at cst currency
Q1 RESULTS: REVENUE DOWN BY 18.7% excl. big events and at cst currency Reported In millions of EUR 1015 4014 1014 REVENUE 24.1 30.5 29.3 § Gross margin: Cost of sales (6.9) (8.3) (7.4) + Product mix Gross margin 17.2 22.3 22.0 — Lower sales Gross margin % 71.4% 73.0% 74.9% S&A (5.8) (6.6) (5.4) ry O
Slide 10: Q1 Results: Strong Balance Sheet
Q1 RESULTS: STRONG BALANCE SHEET EUR 32.9 million cash In millions of EUR Mar. 2015 Dec. 2014) ASSETS Goodwill and intangibles 1.5 1.5 Lands, buildings and other tangibles 51.2 47.9 Investments at equity 0.9 0.8 Bonds & loans - 6.5 Inventories 15.8 15.4 Receivables 26.6 28.2 Cash 32.9 25.6 Assets he
Slide 11: Q1 Results: Streamlined Organization
1 Q1 RESULTS: STREAMLINED ORGANIZATION resulting in a strict control of opex growth 550 Headcount evolution (FTE) D +4.3% average FTE in 1Q15 >» More controlled recruitments (net -4 FTEs in 1Q15) 514 512 5g ye D Internal mobility 500 486 » 463 i “so as >» Some positions to be filled in 400 H 366 350
Slide 12: Agenda
AGENDA >» Executive summary >» 1Q15 financials [» Business update >» Outlook > Annexes 12 vs
Slide 13: NAB Highlights
NAB HIGHLIGHTS New integrated model Live OB, Venues, Live OB Rental Broadcaster center Studio production Sports News Broadcast { Sports Archive ba Production house Broadcast center {Newsrooms} il SOLUTIONS 2 LIVE PRODUCTION (VENUES, OB, RENTAL) STUDIO & BROADCAST CENTER PRODUCTS PORTFOLIO SERVERS LI
Slide 14: NAB Highlights
NAB HIGHLIGHTS Focus on servers, live tools and 4K editing 14 12 CHANNELS SUPPORT LIVE TOOLS 4K EDITING IP ENABLED 2 SLSM 6x +2 IN + 2 OUT t= tT | i Increased channel density for more flexibility Tools enhancing live story-telling From to ingest to post in UHD-4K Bring IP video to your existing inve
Slide 15: NAB Highlights: Production systems DYVI
15 NAB HIGHLIGHTS Focus on production systems: DYVI >) IT-based switcher allowing you to create, control and connect with unprecedented flexibility. » Distributed architecture —- Go from entry-level to full- scale productions through expandable |/0 processing modules that enable cross-campus to cros
Slide 16: NAB Highlights: Ingest funnel
16 NAB HIGHLIGHTS Focus on live content management: Ingest funnel Single interface to drive ingest workflows by managing existing EVS and 3rd party systems. API » Single customizable interface ([HTML5) 7 ee 6 @ BPMN 2.0 SOA » Better leverage 3rd party systems N arms » Bridges the broadcast and IT do
Slide 17: NAB Highlights: Multimedia
7 NAB HIGHLIGHTS Focus on multimedia » FanCast — Enabling production and delivery of live and near-live custom content at top speed to in-stadium screens and to fans’ mobile devices ~ Combines XT3 platform, c-cast and |PDirector content management solution — Cooperation with Cisco » C-cast APPlied c
Slide 18: Agenda
AGENDA >» Executive summary >» 1Q15 financials >» Business update [> Outlook > Annexes 18 VS
Slide 19: Order book for event rentals
53.8 9.0 44.9 - - 7.3 Order book for - 32.8 event rentals 23.3 27.4 - 1.7 Orderbook May 44.8 10, excl. events rentals 37.6 32.8 23.3 25.7 - 2011 2012 2013 2014 2015
Slide 20: Outlook
20 OUTLOOK 2015 guidance >» Order book of EUR 27.4 million for 2015 at May 10 » Continued slowdown in the market: ~ Macro-economic headwinds and longer investment cycles — No visible traction in 2015 for 2016 big events — More clarity needed on new technologies adoption — 2015 revenue is likely to b
Slide 21: General Meeting
21 GENERAL MEETING May 19, 2015 in the new headquarter Total gross dividend of EUR 2.00 (76% payout, 5.4% dividend yield) Renewal of the mandate of two Directors New CEO: ~ Approval of variable fees — Approval of change of control clause
Slide 22: Dividend history and payout
Final dividend (June) Interim Dividend (November) Payout 2.48 2.48 2.64 2.64 2.28 2.36 2.16 1.68 2.00 1.20 1.00
Slide 23: Agenda
AGENDA >» Executive summary >» 1Q15 financials >» Business update » Outlook [> Annexes 23 VS
Slide 24: Revenue by segment (EUR thousands)
EUR thousands (unaudited) 1Q13 2Q13 3Q13 4Q13 FY13 Outside broadcast vans 18,483 14,828 13,170 15,618 62,099 Studio & others 14,334 14,436 14,776 22,906 66,452 Big event rentals - 530 10 - 540 Total 32,817 29,794 27,956 38,524 129,091 EUR thousands (unaudited) 1Q14 2Q14 3Q14 4Q14 FY14 Outside broadc
Slide 25: Corporate Calendar
CORPORATE CALENDAR D May 19, 2015: >» August 27, 2015: >» November 13, 2015: Combined General Meeting 2Q15 earnings 3Q15 earnings 25 vs
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