Netgem Sa · EURONEXT:ALNTG
Netgem Sa — Forum MidCaps Gilbert Dupont May 2024
21 slides from Netgem Sa's conference presentation, May 2024
Slide 1: Forum MidCaps Gilbert Dupont
Forum MidCaps Gilbert Dupont Mai 2024 Mathias Hautefort CEO Sandrine Alexandre, CFO fFORUM MIDCAPS GILBERT DUPONT MAY 2024 | 1
Slide 2: Our mission is to help publishers monetize their content, end-to-end
Our mission is to help publishers monetize their content, “end-to-end” ✅ Netgem monetizes publishers' content in two major down-markets: telco operators and OTT distribution. ✅ To telecom operators, Netgem offers outsourcing their TV services and innovation, adding new services such as Cloud Gaming
Slide 3: Targeting a large addressable market in Europe
Targeting a large addressable market in Europe ✅ Our ambition is to be instrumental to the monetization of entertainment content through telcos and OTT platforms. ✅ Our end-to-end offer covers the entire audiovisual value chain, from storage to distribution, and a vast spectrum of content types, fro
Slide 4: A diversified group of customers & partners
A diversified group of customers & partners Telco Operators Content Partners Media Services FORUM MIDCAPS GILBERT DUPONT MAY 2024 4
Slide 5: Our main achievements in 2023
Our main achievements in 2023… Market Focus Positive and In capacity to while maintaining growing finance growth ambitious CSR We are focused on fundamentals Whether through the targets the European video Recurring revenue acquisition of new With additional value entertainment grew by +55% yoy custom
Slide 6: Leading to improved fundamentals
… Leading to improved fundamentals Gross profit EBITDA Recurring revenues improvement +55% (€22.3m) +10% (€22m) +14% (€7.8m) 2023 vs. 2022 2023 vs.2022 2023 vs.2022 Positive EBIT (ROC) Net cash position annual dividend +€0.4m €5.7m €1.5m vs. -€2.1m in 2022 +16% 2023 vs.2022 paid in 2023 FORUM MIDCAPS
Slide 7: Our DNA: an innovation-centric company
Our DNA: an innovation-centric company… Self-financing Organic Innovation capacity growth and acquisitions We have the Based on the Innovation means to developments and possible finance our secured in 2023, targeted organic we plan on acquisitions growth in acquiring new will be the 2024 customers dri
Slide 8: … with a multi-faceted performance
… with a multi-faceted performance HUMAN RESOURCES 112 people based in Paris (FR), GENDER PARITY Augy(FR) and London (UK) 44 years old average age 26% & 12 years average women in total headcount ENVIRONMENT seniority Green Streaming 91% of “CDI” contracts Reduce energy mode & project for Augy 33% wo
Slide 9: Value sharing
Value sharing DIVIDEND VALUE SHARING Confident in the Group’s PEE (employee ownership capacity to generate cash, plan) the Board will propose a All employees benefit dividend distribution of 0.05 through the PEE in Netgem € per share at the next AGM shares with a 100% (0.05€ in 2023). matching contrib
Slide 10: Going forward by building on our strengths
Going forward by building on our strengths 1 Focused on the European digital entertainment market 2 Healthy fundamentals with all main financial KPIs in the green in 2023 3 Product innovation to gain new customers 4 Streamlined operations: agile and product-focused FORUM MIDCAPS GILBERT DUPONT MAY 20
Slide 11: Guidances
Guidances Organic Continuing ESG Boost value growth of improvements commitment with more recurring in profitability with value innovation revenues: and cash sharing and and targeted around +10 % conversion environmental acquisitions measures FORUM MIDCAPS GILBERT DUPONT MAY 2024 11
Slide 12: Q&A
Q&A FORUM MIDCAPS GILBERT DUPONT MAY 2024 12
Slide 13: Thank you!
Thank you! SFAF ANALYSTS CALL - 28 MARCH 2024 I 13
Slide 14: Appendix
Appendix SFAF ANALYSTS CALL - 28 MARCH 2024 I 14
Slide 15: Improving fundamentals throughout
Improving fundamentals throughout From top-line to bottom-line IFRS DATA FY 2023 FY 2022 % CHANGE in million of euros 55% growth in recurring Revenue 35.6 36.3 -2% revenues Including Recurring Growing gross profit combined 22.3 14.4 +55% revenues with cost control enabled a Gross profit 22.0 20.1 +10%
Slide 16: Operational Efficiency
Operational Efficiency Growth of Recurring Revenues + Cost Control = EBITDA Growth Positive current operating income in 2023 FORUM MIDCAPS GILBERT DUPONT MAY 2024 16
Slide 17: Positive Net Result Group Share
Positive Net Result Group Share IFRS DATA 2023 2022 in million of euros Operating result 0.3 (2.2) Financial result (0.1) (0.1) Taxes 0.4 1.0 Net result 0.5 0.1 (Group share) Group net result improved to + 0.5m€ from + 0.1m€ in 2022. Overall net result was + 0.7m€ in 2023 compared with -1.3m€ in 202
Slide 18: Solid gross cash position
Solid gross cash position .Gross cash position of €6.6m and net cash position of €5.7m at the end of 2023. Net Cash Position in €m Capital expenditure of €7.9m includes cash flows linked to the purchase of EP and EDS, the acquisition of minority interests in Vitis, cash received following the sale of
Slide 19: Cash flow statement 2023
Cash flow statement 2023 SFAF ANALYSTS CALL - 28 MARCH 2024 I 19 19
Slide 20: Equity, debt and net cash analysis
Equity, debt and net cash analysis As of December 31, 2023, the gross cash position is €6.6million and the net cash position is €5.7 million (excluding IFRS 16 impact) SFAF ANALYSTS CALL - 28 MARCH 2024 I 20 20
Slide 21: Enhanced shareholders base
Enhanced shareholders base Smart-money shareholders: Sharing value: J2H and, since 2023, CDC and Manco. Management and employees now owning near 4% FORUM MIDCAPS GILBERT DUPONT MAY 2024 21