Videndum PLC · LSE:VID
Videndum — The Vitec Group — Shareholder Meeting (May 2015)
16 slides from Videndum's shareholder meeting presentation, May 12, 2015
Slide 1: The Vitec Group plc Annual General Meeting
The Vitec Group plc Annual General Meeting 12 May 2015
Slide 2: Agenda
The Vitec Group plc Page 2 Agenda > Trading update > 2014 Performance highlights > Market conditions > Strategy > Shareholder return > The future
Slide 3: 2015 Trading update
The Vitec Group plc Page 3 2015 Trading update Key points from this morning’s release: > The Group performed satisfactorily in the first four months of the year > Board’s expectations for the full year remain unchanged > First half results will reflect the non-repeat of 2014 Sochi Winter Olympics an
Slide 4: 2014 Performance highlights
The Vitec Group plc Page 4 2014 Performance highlights > Full year performance in line with the Board’s expectations > Revenue 3.3% higher and profit before tax* up 9.1% at constant exchange rates > Operating margin* maintained at 12.5% > Significant strategic progress with 3 value-adding acquisitio
Slide 5: 2014 Market conditions
The Vitec Group plc Page 5 2014 Market conditions > Broadcast Division > Opportunities supporting larger sporting events > Variable demand reflecting timing of larger > Market opportunities expected to > Launching new products and services for independent grow content creators > Holding share > Cont
Slide 6: Shipments of Interchangeable Lens Cameras
The Vitec Group plc Page 6 Shipments of Interchangeable Lens Cameras Shipments of interchangeable lens cameras (moving 12 month totals) and growth in installed base * (millions of units) CIPA Data on Shipments of Interchangeable Lens Cameras + Installed Base 30 90 ILC Shipments Installed Base * 79.7
Slide 7: Strategy: How we have performed
The Vitec Group plc Page 7 Strategy: How we have performed Target Progress Result Deliver growth strategy > Expanded addressable markets > Increased market share > Successfully launched new products Improve operating margins > From 8.9% (2010) to 12.5% (2014) Successful acquisition and integrat
Slide 8: Strategy 2015
The Vitec Group plc Page 8 Strategy 2015 1. Improve the core by focusing on broadcast and photographic markets > Allocate resources to fast growing independent content creator segment > Increase focus on content-sharing opportunities 2. Increase resources, brand presence and sales in APAC 3. Continu
Slide 9: Strategy 2015 – how Vitec is changing
The Vitec Group plc Page 9 Strategy 2015 – how Vitec is changing Enablers New Product > Significantly more effective NPD process Development > Increased share of total revenue from electronic and software Technology focused products > Evolving from engineering-led to marketing-led business Organisat
Slide 10: New product development 2014 – 2015
The Vitec Group plc Page 10 New product development 2014 – 2015 2014 > 11 awards > 4 awards won at NAB > 28 new products > 6 Red Dot Awards > Best Tripod Tipa Award 2014 2015 – so far > 21 awards > 6 Red Dot Awards > 4 International Forum Design Awards > 1 Tipa Award > NAB: 8 awards won > NAB: Over
Slide 11: NAB Show
The Vitec Group plc Page 11 NAB Show Excellent track record in making and integrating acquisitions successfully
Slide 12: Where we operate
The Vitec Group plc Page 12 Where we operate > Sites in 11 countries; sell into 100+ countries 2014 Revenue > Sales: UK accounts for only 9% of revenue 6% 17% 31% Europe North America APAC Rest of the World 46% US Japan China Costa Rica UK Netherlands Germany Singapore France Italy Brazil Vitec manu
Slide 13: Acquisitions
The Vitec Group plc Page 13 Acquisitions Acquisition March 2011 December 2011 April 2012 August 2013 March 2014 October 2014 December 2014 February 2015 Disposal Lastolite Haigh-Farr Camera Corps Teradek SIS Autocue SmallHD Paralinx 2010 2011 2012 2013 2014 2015 April 2010 August 2012 November 2014
Slide 14: Total shareholder return – 2008 to 2014
The Vitec Group plc Page 14 Total shareholder return – 2008 to 2014 450 £ 400 350 300 250 200 150 100 50 0 31 Dec 2008 31 Dec 2009 31 Dec 2010 31 Dec 2011 31 Dec 2012 31 Dec 2013 31 Dec 2014 Vitec Group FTSE 250
Slide 15: The future
The Vitec Group plc Page 15 The future > Full year expectations remain unchanged > Growth in revenue and profit at constant exchange rates > Group focused on core Broadcast and Photographic activities in stabilising markets that we expect to grow in mid term > Strong brands, market positions and glo
Slide 16: The Vitec Group plc Annual General Meeting
The Vitec Group plc Annual General Meeting 12 May 2015