Slide 1: EVS Broadcast Equipment 3Q 2017 results
EVS Broadcast Equipment 3Q 2017 results November 16, 2017 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: Agenda
AGENDA [> Financial review ] >» Outlook =V&
Slide 4: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2015 2016 2017
Slide 5: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 3Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2015 2016 2017 2015 2016 2017
Slide 6: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 3Q
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2015 2016 2017 2015 2016 2017
Slide 7: Margins impacted by lower sales
3017 Margins impacted by lower sales In millions of EUR 3Q17 _3Q16 REVENUE 26.3 37.1 Cost of sales (7.7) (8.8) Gross margin 18.5 28.3 Gross margin % 70.5% 76.3% S&A (6.4) (7.2) R&D (6.2) (6.2) EBIT 5.6 14.8 EBIT MARGIN 21.2% 39.7% Financial result 0.0 (0.1) Taxes (1.8) (4.2) NET PROFIT 3.8 10.5 BASI
Slide 8: 9M17 income statement
9M17 In millions of EUR 9M17__9M16 » Gross margin: REVENUE 79.0 103.8 ~ _ Lowersales - Product mix Cost of sales (22.2) (25.8) Gross margin 56.8 78.0 Gross margin % 71.9% 75.2% , Opex: +0.9% vs 9M16 S&A (20.3) (21.1) Under control R&D (18.5) (17.5) Other revenues 1.3 1.1 EBIT 18.4 39.7 >» Other reve
Slide 9: FTE Evolution
FTE EVOLUTION 482 FTE at the end of September 2017 NE Renee D +1 FTE vs 31/12/2016 D Average 479 FTE in 9M17 Headcount evolution (FTE) Headcount 06/2017 (FTE) 550 512 500 R&D 450 400 350 300
Slide 10: Strong Balance Sheet
10 STRONG BALANCE SHEET EUR 40.0 million cash In millions of EUR Sept 2017 Dec. 2016 ASSETS owen vena: a as > Healthy balance sheet, with a net ands an julldings .! A aye “DE Investments at equity 1 10 cash position of EUR 22.4 million: Inventories 15.3 13.5 — EUR 40.0 million in cash & cash equival
Slide 11: Cash Flow Statement
CASH FLOW STATEMENT In millions of EUR 9M17__9M16 > Healthy cash generation Net profit, groupe share 12.9 28.0 — Timing of income taxes payments Cash generated from operations 16.6 47.1 Income taxes paid (14.7) (6.4) Net cash from operating activities 1.9 40.8 > Limited capex in 9M1 7 Net cash used
Slide 12: Agenda
12 AGENDA >) Financial review [> Outlook ] =V&S
Slide 13: Outlook - Order book at Oct. 31, 2017: EUR 25.0 million
13 OUTLOOK - ORDER BOOK AT OCT. 31, 2017: EUR 25.0 MILLION -19.7% compared to last uneven year 2017 order book (excl. big events): EUR 25.2 million ~ 455.6% vs 2016 ~ -19.7% vs 2015 (last uneven year) ™Big event rentals (Y+1) ™ Order book [Y+1} For 2018 and beyond: EUR 25.0 million ~ Includes EUR 10
Slide 14: Outlook
14 OUTLOOK 2017 guidance We confirm the 2017 guidance: » We expect revenues to be in the EUR 115 million - EUR 125 million range >» We forecast a moderate increase of our operating expenses to sustain our efforts in innovation and new product developments =V&S
Slide 15: Geoffroy d'Oultremont
Geoffroy d’Oultremont VP Investor Relations & Corporate Communications Corpcom@evs.com Tel: +32 4 361 70 14