Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — H1 2024 Earnings Presentation
38 slides from Evs Broadcast Equipment Sa's earnings presentation, Aug 14, 2024
Slide 1: 2024 Half-Year results
=V5 2024 Half-Year results Corporate communica tion August 14", 2024
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer =V5S Forward Looking Statements This presentation contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subje
Slide 3: Agenda
Agenda |. Business Update . M&A transactions . Market update . Outlook 2 3 4. Financial Update ) 6. Conclusions 7 . Questions & Answers
Slide 4: Agenda
Agenda 1. Business Update . M&A transactions . Market update . Outlook 2 3 4. Financial Update ) 6. Conclusions 7 . Questions & Answers
Slide 5: 2024 HY corporate highlights
2024 HY corporate highlights VS Progress on our PLAYForward strategy Market & customers Corporate topics = Strong order book and pipeline = Strenghtened commercial organisation to capture = EMEA & NALA regions & LAB market pillar future growth driving revenue growth = Focus on North America — furthe
Slide 6: 1H 2024 Financial Highlights
1H 2024 Financial Highlights Strong financial performance underpinning the continued growth trajectory 2488 ORDER BOOK 141.7Mio€ (1H23: 132.7Mio€) +6.8% 2024 HY Results / Aug. 14th, 202 . REVENUE 98.1Mio€ (1H23: 87.4Mio€) +12.2% +7.2% normalized for BER A Ce) EBIT 23.8Mio€ (1H23: 25.0Mio€) 4.4% cil
Slide 7: Agenda
Agenda |. Business Update . M&A transactions . Market update . Outlook 2 3 4. Financial Update ) 6. Conclusions 7 . Questions & Answers
Slide 8: EVS Acquires MOG Technologies
2024HYResults / Aug. 14th, 2024 EVS Acquires MOG Technologies Company - Founded in 2002, in Porto - 47 team members (mostly based in Portugal) » Revenue 2023 < 4MEUR - 8000 systems deployed worldwide (including well-known broadcasters in the industry) - Expertise in video and media technology (leadi
Slide 9: EVS Becomes Shareholder of TinkerList
EVS Becomes Shareholder of TinkerList =V5 Company Transaction » Scale-up founded in 2014 by Erik Hauters and » Important minority stake by EVS for a total Vero Vanden Abeele investment of less than 3MEUR (including a - Based in Leuven, Belgium capital increase and a convertible loan) » 24 persons gl
Slide 10: Corporate strategy
Corporate strategy 2015 Vs From replay centric leading products in premium market CAPEX only + 2023 > 2028 Optimized media leading solutions Live production ECOSYSTEM in multi-tier markets More OPEX & On-demand © Mainly in OBVans Growing in broadcast centers (Xe \ x) EVS Hardware + EVS Software + EV
Slide 11: Corporate strategy
Corporate strategy 2015 Vs From replay centric leading products in premium market CAPEX only + 2023 > 2028 Optimized media leading solutions #ae Live production ECOSYSTEM fee in multi-tier markets OG -_ More OPEX & On-demand © Mainly in OBVans Growing in broadcast centers (TOG TOG (Xe \ x) EVS Hardw
Slide 12: Agenda
Agenda |. Business Update . M&A transactions . Market update . Outlook 2 3 4. Financial Update ) 6. Conclusions 7 . Questions & Answers
Slide 13: PLAY FORWARD: our BHAG
PLAY FORWARD OUR BHAG ~ BECOME THE NUMBER ONE SOLUTION PROVIDER IN LIVE VIDEO INDUSTRY
Slide 14: MediaCeption and product solutions
VA Media@eption Live production, replays and highlights solutions that = LivECEPTION AT THE CORE OF MAJOR SUMMER EVENTS = — LivECEPTION SIGNATURE REMAINS THE REFERENCE IN TER VORKFLOWS FOR PREMIUM PRODUC = XTRAMOTION SPREADING FOR MAJOR LEAGUES IN US. More Al SERVICES OFFERED ON TOP OF XTRAMOTION 20
Slide 15: BIG EVENTS 2024
BIG EVENTS 2024 lil <S In We work with EVS for more than 15 years. To our knowledge, it’s the only company able to deliver such services. es 2) E France TV* At the Olympics, EVS is >, a ] everywhere, but invisible. i o> France TV* *Quotes extracted & translated from L'Echo - Aug 9th, 2024- JF Sacré
Slide 16: Broadcast specific near realtime generative AI
EVS has developed broadcast specific near realtime =VS generative Al to improve image quality at affordable costs EVS has developed a set of near real- time graphical effect based on own generative Al computer vision expertise. XtraMotion to replace Cinematic effects to replace Deblurring to Super-s
Slide 17: NAB Show feedback
NAB Show Feedback ¢ Customers understand and follow EVS’ strategy enabling many conversations about future concrete projects e Large attendance from NALA clients e Significantly increased interest from Channel partners and "LAB others” customers
Slide 18: Several 2024 important contracts
Several 2024 important contracts confirming EVS =V5 as a trusted & innovating partner in broadcast transformation journey LiveCeption Medialnfra Alkas - Qatar LMG - US 2024HYResults / Aug. 14th, 2024 18
Slide 19: Macroeconomic and geopolitical risks
Boone micel and geopolitical risks =V5 ontinuously monitoring the situatic EVS closely follows macro- Potential impacts of Potential risks linked to EVS tightly manages the economics, such as salary upcoming North America UK LSP market restructuring inventory of electronic inflation and continued pr
Slide 20: Sustainable Value Creation
=V5 Sustainable Value Creation - L. SILVER | Top 15% ecovadis Sustainability Rating “JAN 2024 4 Focus items 2024: New carbon emission exercise Preparation of CSRD requirements Define and implement action plans as to reach the 2030 ambitions Renewed certification Ecovadis (done) ‘) SUSTAINALYTICS ESG
Slide 21: EVS strengthens Leadership Team
EVS strengthens Leadership Team to drive =VS profitable and sustainable growth __ . Chief Financial Officer Chief Executive Officer Chief Customer Offi ficer Chief Strategic Accounts Officer Chief eXperience Officer Chief People Officer Chief Technology Officer EVP Markets & Solutions 2024 HY Result
Slide 22: Family & Friends: Together for live
ee? — o®@ @ e — e®e®e%e =VS5 ee” Ge ee? ° @ eo. ce @ @e, @®- eFe%e®, e @e® eo, @ See Sexe ee @ @- @ee, Ce @ ee Ly to oe eo @e *%*e8@ @e° eS@ @@e ee 6 e oe Agh f Family Priende eo @e TOGETHER FOR LIVE
Slide 23: EVS house in Paris anniversary
EVS house in Paris to celebrate 30 years anniversary with « Family & Friends » Broadcast engineers @ customers EVS operators Team members New family & New friends
Slide 24: Agenda
Agenda |. Business Update . M&A transactions . Market update . Outlook 2 3 4. Financial Update ) 6. Conclusions 7 . Questions & Answers
Slide 25: 2024 HY Results
2024 HY Results Ol ends at 87.0Mio€, including 7.8Mio€ BER, growing 7.1% YoY. Excluding BER, we note a decline of 3.5%. Pipeline funnel growing by 44% compared to 1H23, supporting growth of Ol ona FY basis. / pug. 14th, 2024 New record for a ist semester, with revenue at 98.1Mio€ (+12.2% YoY) includ
Slide 26: 1H 2024 Revenue Analysis
1H 2024 Revenue Analysis VS Strong performance with sound spread by market pillar and region Evolution Revenue by Pillar 1H22 1H23 mLAB wLSP m BER + Growth YoY in LAB Market Pillar is testimony of the success of our strategy to increase our activity in this market. + 5% of our 1H revenue was generat
Slide 27: 2024 HY Results: margins and expenses
] 2024 HY Results Consolidated gross margin @ 71.9% for 1H24, compared to 70.7%* in 1H23. The increase is driven by: + Reclassification of some intemal assets from inventory (cost of BOM) to other tangible assets (depreciation) * Overall improvement in our BOM cost reflecting the increased software
Slide 28: 1H 2024 Financial Results and Balance sheet
1H oe Pinanietal neal Balance s Strong EPS performance following: Solid gross margin at 71.9%. OPEX balanced and under control. Strong financial result 2024 HY Results // Aug. 14th, 2024 Strong Revenue performance at 98.1Mio€. Increase in net cash position driven by: * Strong cash-flow from operatio
Slide 29: 1H 2024 Intangible assets
1H 2024 Intangible assets =V5 Past investments gaining traction in the market & new investment launched in 1H24 In 2022, EVS launched the internal development of 2 internal projects Project 1: VIA-Map * Completed its development phase in Q4 23, at which point in time depreciation started. Developmen
Slide 30: Agenda
Agenda |. Business Update . M&A transactions . Market update . Outlook 2 3 4. Financial Update ) 6. Conclusions 7 . Questions & Answers
Slide 31: FY 2024 Outlook and Guidance
FY 2024 Outlook and Guidance =V5 Sustainable and profitable growth + The secured revenue for 2024 is at EUR 172.2 million at the end of June, providing a solid base to confirm our growth ambition for the year 2024. + Based on the secured revenue at end of June 2024, the revenue guidance for the full
Slide 32: Agenda
Agenda |. Business Update . M&A transactions . Market update . Outlook 2 3 4. Financial Update ) 6. Conclusions 7 . Questions & Answers
Slide 33: Key learnings
6 key learnings VS Consistent with last years The industry keeps on Big tech provider are Infra is the cornerstone consolidating on the place of big changes Business models Cloud is just EVS market shares are shifting one of the enablers continuously increasing 2024 HYResults / Aug. 14th, 2024
Slide 34: Next focus
Next focus Ve Key activities for 2024/H2 * Deliver the large multi-years modernization projects that we have won * Continued focus on NALA, new LAB customers and channel partners + Leverage the new solutions to continue the increase of order book * Closing & Integration of MOG Technologies * Continu
Slide 35: Conclusions
Conclusions =V5S Our objective to reach sustainable and profitable growth for 2024 becomes reality EVS PLAYForward strategy is generating the expected sustainable and profitable growth Two M&A transactions announced on Aug 2° will support our future growth ambitions Limited further investments are p
Slide 36: Questions & Answers
Slide 37: Thank you!
VS Thank you! Gz=D 0000
Slide 38: Visit evs.com to find out more
=V5 © EVS Broadcast Equipment, all rights reserved. Visit evs.com to find out more.
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