Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — FY2017 Earnings Presentation
19 slides from Evs Broadcast Equipment Sa's earnings presentation, Feb 22, 2018
Slide 1: EVS Broadcast Equipment 2017 results
EVS Broadcast Equipment 2017 results February 22, 2018 Muriel DE LATHOUWER, Managing Director, CEO Yvan ABSIL, SVP, CFO — Geoffroy d’Oultremont, VP Investor Relations & Corporate Communication — www.evs.com EVE
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: Highlights
HIGHLIGHTS » 2017 ~ Inayear without any big event and in a changing environment, we maintained our leadership in our core business and developed new products to enter in new markets or seize new opportunities — Key financials were in line with guidance >» 2018 — We pursue our plans: execute and deli
Slide 4: Agenda
AGENDA [> Financial review ] » Business highlights >» Outlook =V&S
Slide 5: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2015 2016 2017
Slide 6: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2015 2016 2017 2015 2016 2017
Slide 7: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2015 2016 2017 2015 2016 2017
Slide 8: 4Q17 income statement in millions of EUR
4017 In millions of EUR 4Q17 4Q16 REVENUE 39.7 27.0 Cost of sales -9.0 -7.9 Gross margin 30.8 19.1 Gross margin % 77.4% 70.8% S&A -7.8 -6.5 R&D -6.6 -6.2 EBIT 16.5 6.5 EBIT MARGIN 41.6% 24.0% Financial result -0.9 0.5 Taxes -4.7 -2.2 NET PROFIT 11.0 4.9 BASICS EPS 1) 0.82 0.36 1) Basic EPS is comput
Slide 9: 2017 income statement in millions of EUR
2017 In millions of EUR 17 16 REVENUE 118.8 130.8 Cost of sales -31.2 -33.7 Gross margin 87.6 97.2 Gross margin % 73.7% 74.3% S&A -28.1 -27.5 R&D -25.0 -23.7 Other revenues 1.3 1.2 EBIT 34.9 46.2 EBIT MARGIN 29.4% 35.3% Financial result -1.5 -0.4 Taxes -9.6 -13.1 NET PROFIT 23.9 32.8 BASICS EPS 1")
Slide 10: FTE Evolution
10 FTE EVOLUTION 493 FTE at the end of December 2017 I ....__._"7—eeeee D +12 FTE vs 31/12/2016 (mainly in R&D) D +20 people expected in 1018 D Average 481 FTE in FY17 Headcount evolution (FTE) Headcount 12/2017 (FTE) 550 512 500 R&D 450 400 350 300 Dec-17
Slide 11: Strong Balance Sheet
STRONG BALANCE SHEET EUR 39.4 million cash In millions of EUR Sept 2017 Dec. 2016 ASSETS Goodwill and intangibles 14 1.5 > Healthy balance sheet, with a net cash Lands and buildings 45.8 46.8 position of EUR 24.8 million: Investments at equity 1 1.0 ~ EUR 39.4 million in cash & cash equivalents Inve
Slide 12: Cash Flow Statement
CASH FLOW STATEMENT In millions of EUR 2017 2016 Net profit, group share 23.9 32.8 Cash generated from operations 27.3 60.7 Income taxes paid -17.4 -9.5 Net cash from operating activities 9.9 51.2 Net cash used in investing activities -1.4 -0.8 Net cash used in financing activities -22.2 -19.9 Cash
Slide 13: Agenda
13 AGENDA > Financial review [» Business highlights ] >» Outlook =V&S
Slide 14: Product Portfolio Extension
PRODUCT PORTFOLIO EXTENSION BUILD AROUND LIVE VIDEO PRODUCTION Live Video Production Switcher XEEBRA ///f Live Video Assistance for Referees All-in-one Live Production System IS:CORE Live IP Workflow Infrastructure - #channels
Slide 15: Innovation: Pioneering Work on Artificial Intelligence
INNOVATION: PIONEERING WORK ON ARTIFICIAL INTELLIGENCE TO BOOST EVS PRODUCTS Use cases scoe=srouq A|, DRIVEN CONCEPT 1 Player and Pitch detection Al DRIVEN CONCEPT 2 Automatic framing
Slide 16: Agenda
16 AGENDA > Financial review » Business highlights [> Outlook ] =V&S
Slide 17: Outlook - Order Book at February 15, 2018: EUR 37.5 Million
OUTLOOK - ORDER BOOK AT FEBRUARY 15, 2018: EUR 37.5 MILLION -23.5% excl. big event rentals Around 55% of the order book is expected to be booked in revenue in 46.1 48.2 50.4 1Q17 37.4 60% of the EUR 26.9 million order book is studio related 87.4) Includes EUR 10.6 million rentals for big events 36.3
Slide 18: Outlook: 2018 Guidance
18 OUTLOOK 2018 guidance » For 2018, as usual, too early to give a guidance on the revenue level given — the volatility of the order book ~ the typical short lead-time of our business. » We expect opex to grow moderately compared to 2017, on top of the structural salary increases In Belgium. » Follo
Slide 19: Geoffroy d'Oultremont
Geoffroy d’Oultremont VP Investor Relations & Corporate Communications Corpcom@evs.com Tel: +32 4 361 70 14
EVS Broadcast Equipment — FY2017 Earnings Presentation on 6ix