Audinate Group Ltd. · ASX:AD8
Audinate — Shareholder Meeting (October 2022)
32 slides from Audinate's shareholder meeting presentation, Oct 25, 2022
Slide 1: 2022 Annual General Meeting
For personal use only 2022 Annual General Meeting Approved for release by the Chairman 25 October 2022 2022 Annual General Meeting Audinate Confidential | 1
Slide 2: Chairman's Presentation
For personal use only Chairman’s Presentation 25 October 2022 2022 Annual General Meeting Audinate Confidential | 2
Slide 3: Chairman's Speech/Presentation
Audinate Group Limited 2022 ANNUAL GENERAL MEETING Tuesday, 25 October 2022 at 9.30am (Sydney time). Chairman’s Speech/Presentation For personal use only Before our CEO Aidan Williams addresses us, I would like to welcome our directors, shareholders, business partners, and guests who have joined us
Slide 4: Chairman's speech continued: headcount, culture and ESG
There was a reasonable step up in headcount as we grew from 135 in June 2021 to 178 employees in June 2022. With this foundation now in place, we are targeting more modest headcount growth of 10% in FY23. The Board remains focused on building and maintaining a healthy culture to enable the For perso
Slide 5: CEO's Presentation
For personal use only CEO’s Presentation 25 October 2022 2022 Annual General Meeting Audinate Confidential | 3
Slide 6: Overview of Audinate Today
Overview of Audinate Today For personal use only Products World-leading supplier of Growing network digital media networking effect of Dante Dante comprises software and hardware that resides inside the audio for the Professional AV enabled products in and video products of Audinate’s Original Equip
Slide 7: Dante Video and Audio Platform
Dante Video and Audio Platform For personal use only AV Configuration & Management • Dante Controller • Dante Domain Manager • Dante Cloud Audio Visual Integrators, Professionals & Consumers AVIO Network Adaptors Audio & Video Software Tools • Analogue • Dante Studio (AV) • USB / Bluetooth • Dante V
Slide 8: Audinate growth continues
Audinate growth continues For personal use only US$30M US$M Gross Profit Variance 24.9 Key Financial Metrics vs FY21 US$25M 19.2 A$46.3M Revenue 38.7% ✓ US$20M 15.0 15.6 US$15M US$33.4M US$ Revenue 33.4% ✓ 11.3 US$10M 74.7% Gross Margin % (1.7%) - 8.3 76.6% 76.4% US$5M 74.8% 74.5% 74.4% 74.7% A$4.3M
Slide 9: Leading Global Supplier of Digital Media Networking
Leading Global Supplier of Digital Media Networking Total audio products per protocol For personal use only 4000 “Dante continues to be the 3,610 >A$1bn Total addressable market(1) 3500 dominant force” RH Consulting 3000 OEM brands shipping Dante 410 enabled products 2500 2000 Dante enabled products
Slide 10: Another year of strong execution in FY22
Another year of strong execution in FY22 FY22 Objectives Actions For personal use only ✓ 126 design wins – most designs wins ever, despite supply chain Dante video design wins and next ✓ 76 design wins relate to next generation software products (60 in 2H22) generation software products ✓ 26 video c
Slide 11: Video spotlight
For personal use only Video spotlight 25 October 2022 2022 Annual General Meeting Audinate Confidential | 9
Slide 12: Audinate advantages in video
Audinate advantages in video For personal use only Audinate entered the video market having established Dante as the pre-eminent audio networking solution: Dante AV in a nutshell • Dante is the de-facto standard in audio AV professionals want: • Video networking that works like Dante audio • Premium
Slide 13: Video market is fragmented
Video market is fragmented For personal use only Video signals have a much larger data rate than audio signals Speed Cost Video compression is required → video signals are 3-18Gb/s Video codec compared to standard 1Gb/s ethernet cables trade-offs Video codecs compress video signals, reducing the dat
Slide 14: Dante AV-H: Dante + H264 Codec
Dante AV-H: Dante + H264 Codec For personal use only • Announced in September at IBC 2022 along 1 with 9 licensees (5 of top 14 PTZ companies ) • Expect OEM product availability in early 2023 PTZ Camera market1 • A small but critical part of video market • ~240,000 PTZ cameras shipped in 2020 Softwa
Slide 15: FY23 Outlook and Priorities
For personal use only FY23 Outlook and Priorities 25 October 2022 2022 Annual General Meeting Audinate Confidential | 13
Slide 16: FY23 Outlook
FY23 Outlook • Existing headcount of 178 is the foundation for For personal use only The pro-AV industry is expected to grow doubling revenue in medium term 11% in 2022, to hit a new high-water mark • Targeting additional headcount of 10% in FY23, of $263 billion globally. AVIXA estimates with a foc
Slide 17: Continuing growth: FY23 Priorities
Continuing growth 1. Support customer transition to more available For personal use only chips & away from legacy products 2. Manufacturers to release Dante video products FY23 Priorities 3. Generate > US$3 million in video revenue 4. Drive adoption of new Dante products 5. Continued focus on Operat
Slide 18: Appendices
For personal use only Appendices 25 October 2022 2022 Annual General Meeting Audinate Confidential | 17
Slide 19: Dante Video
For personal use only Dante Video 101 (presentation included by way of background and reference) 25 October 2022 Dante Video 101 Audinate Confidential | 18
Slide 20: Contents
Contents For personal use only 1. Audinate advantages in video 3 2. Market opportunity 4 3. Overview of video industry 5–8 4. Dante video products 8–11 5. Audinate video team 12 6. FY23 video priorities 13 25 October 2022 Dante Video 101 Audinate Confidential | 19
Slide 21: Audinate advantages in video
Audinate advantages in video For personal use only Audinate entered the video market having established Dante as the pre-eminent audio networking solution: Dante AV in a nutshell • Dante is the de-facto standard in audio AV professionals want: • Video networking that works like Dante audio • Premium
Slide 22: Market Opportunity
Market Opportunity For personal use only Audinate Total Addressable Market (‘TAM’)* Based on Futuresource research the TAM for video is estimated at A$400m (research underway to refresh TAM) Audinate share of Audio Market estimated at 7-8% Audio Video market is fragmented, and the incumbent point to
Slide 23: Video market is fragmented
Video market is fragmented For personal use only Video signals have a much larger data rate than audio signals Speed Cost Video compression is required → video signals are 3-18Gb/s Video codec compared to standard 1Gb/s ethernet cables trade-offs Video codecs compress video signals, reducing the dat
Slide 24: Industry Landscape
Industry Landscape Management & Example Multiple Networked Mac & PC For personal use only Comments Video over IP Interoperable Configuration Price Point Companies Codecs Audio Software Software • de-facto standard in audio networking Low cost to Dante Video Audinate ✔ ✔ ✔ ✔ ✔ ✔ • multiple price / qu
Slide 25: OEM and ODM manufacturing approaches
OEM and ODM manufacturing approaches Original Equipment Manufacturer (OEM) Original Design Manufacturer (ODM) For personal use only Video chip OEM product OR OEM product OEM product company design design requests reference designs ODM product (Aspeed, design Semtech etc) ODM manufacture Contract In-
Slide 26: Dante Video and Audio Platform
Dante Video and Audio Platform AV Configuration & Management For personal use only • Dante Controller • Dante Domain Manager • Dante Cloud Audio Visual Integrators, Professionals & Consumers AVIO Network Adaptors Audio & Video Software Tools • Analogue • Dante Studio (AV) • USB / Bluetooth • Dante V
Slide 27: Dante Video Products
Dante Video Products For personal use only Dante AV Chips & Modules Dante AV Ultra Viper Dante AV-H Dante Studio • Dante AV Ultra and Viper are premium products targeting live venues, broadcasters, corporate board rooms and university lecture spaces. Studio Dante Software • Dante AV-H enables existi
Slide 28: Dante AV-H: Dante + H264 Codec
Dante AV-H: Dante + H264 Codec For personal use only • Announced in September at IBC 2022 along with 1 9 licensees (5 of top 14 PTZ companies ) • Expect OEM product availability in early 2023 PTZ Camera market1 • A small but critical part of video market Software solution for OEMs to develop fully m
Slide 29: Audinate video team
Audinate video team • Development team of 20+ people across 2 sites UK For personal use only (Cambridge) & Belgium (Louvain la Neuve) • Capability covers video compression, FPGA, hardware design and video software capabilities • Critical mass in the European time zone – access to video engineering
Slide 30: Video priorities
Video priorities For personal use only 1. Release Dante AV-H 2. Release 2 additional components to Dante Studio 3. Video endpoint support in Dante Domain Manager FY23 Priorities 4. Manufacturers to release more Dante video products 5. Target >10,000 end points in FY23 6. Target > US$3m in video reve
Slide 31: Complete Dante AV Ecosystem
Complete Dante AV Ecosystem • Extended Dante Ecosystem with audio, video and control For personal use only Dante AV products are now shipping! PTZ Cameras, Encoders and Decoders, Dante Studio and more • 100% Interoperability with 3500+ audio product ecosystem Separate routing for audio, video and co
Slide 32: Important notice and disclaimer
Important notice and disclaimer Disclaimer Past performance The non-IFRS measures do not have any standard For personal use only definition under IFRS and may be calculated differently To the maximum extent permitted by law, none of the Past performance information, including past share price by oth