Slide 1: H1 2023 Results: Strategic Refocus, Growth and Innovation
H1 2023 Results Strategic Refocus Growth and Innovation SFAF PRESENTATION - 28 JULY 2023 | 1
Slide 2: Growth & Innovation
Growth Mathias & Innovation Hautefort, CEO SFAF PRESENTATION - 28 JULY 2023 | 2
Slide 3: Our mission: digital entertainment
Our mission : digital entertainment Netgem's ambition is to become the preferred partner of video content publishers, providing them with innovative end-to-end technological services and access to new distribution channels. With the arrival of new interactive formats combining the worlds of video, g
Slide 4: Successful Strategic Refocus
Successful Strategic Refocus 1 Addressing one market: Operated digital entertainment 2 Focus on platform business: Transitioning hardware to androidTV 3 Streamlined operations: Agile organization and product focus SFAF PRESENTATION - 28 JULY 2023 | 4
Slide 5: Growth and profitability in H1
Growth and profitability in H1 Strategic Refocus… ..which translates into ...And continuous top-line growth... improvement in profitability 647 000 subscribers by the Revenue: +11% vs H1 2022 EBITDA H1 2022 : +21% vs end of June 2023 (+ 26%) H1 2021, positive EBIT Gross Margin: +4% vs H1 Solid Gross C
Slide 6: Our first-half announcements
Our first-half announcements 1 2 3 New Netgem Netgem scales up in the video The first ‘Gaming with TV’ Android TV Launcher with value chain experience with Gamestream Zeop + 2 new long-term shareholders to accelerate growth SFAF PRESENTATION - 28 JULY 2023 | 6
Slide 7: Our Partners: Telcos & Platforms
Our Partners : Telcos & Platforms Content & Cloud Gaming Audiovisual Services Streaming TV SFAF PRESENTATION - 28 JULY 2023 | 7
Slide 8: Strong momentum from our H1 customers
Strong momentum from our H1 customers UK Finland France SFAF PRESENTATION - 28 JULY 2023 | 8
Slide 9: CSR Strategy
CSR Strategy Tangible CSR actions and sharing are the at the heart of our plans CSR Rating PARITY SHARING VALUE ● Gaïa CSR Audit : 68% ● Parity Objective at ● Netgem + Vitis PEE 33% : for all Netgem + Vitis and ● 2023 actions : -65% Netgem group Macron’s Bonus for CO2 emissions/ STB France + UK tran
Slide 10: Two new long-term shareholders
Two new long-term shareholders Free Floating Solid 41% Shares 59% Foundation ((*)Post-transaction shareholding estimate based on a TPI of 12/31/2022 and public information. SFAF PRESENTATION - 28 JULY 2023 | 10
Slide 11: Group governance to support strategic and capital evolution
Group governance to support strategic and capital evolution Laura Wilner (J2H) Alexandra Barth SFAF PRESENTATION - 28 JULY 2023 | 11
Slide 12: Solid financial results for H1 2023
Solid financial results for H1 2023 Sandrine Alexandre, CFO (unaudited) SFAF PRESENTATION - 28 JULY 2023 | 12
Slide 13: Our strategy is paying off
Our strategy is paying off Strategic Refocus Continued growth in Half-year improvement in gross margin EBITDA: Revenue +19% H1 2023 vs. H1 2022 +11% H1 2023 vs. H1 2022 +4% H1 2023 vs. H1 2022 Including a dividend Solid gross cash position : Positive EBIT (ROC): + payment in the first half of +€8,9m
Slide 14: Improved profitability indicators
Improved profitability indicators IFRS DATA H1 2023 H1 2023 CHANGE in million euros Revenue 18.1 16.3 +11% Gross margin 10.0 9.6 +4% Opex 6.2 6.5 -5% EBITDA 3.8 3.2 +21% Current operating profit 0.2 (1.3) SFAF PRESENTATION - 28 JULY 2023 | 14
Slide 15: Continuous growth of main KPI's
Continuous growth of main KPI’s Growth of ARR + Cost Control = EBITDA Growth Positiv EBIT in H1 2023 SFAF PRESENTATION - 28 JULY 2023 | 15
Slide 16: Continuous growth of main KPI's
Continuous growth of main KPI’s Growth of ARR + Cost Control = EBITDA Growth Positiv EBIT in H1 2023 SFAF PRESENTATION - 28 JULY 2023 | 16
Slide 17: Net Result
Net Result IFRS DATA 2023 H1 2022 H1 in million of euros Operating result 0.1 (1.3) Financial result (0.1) (0.1) Taxe 0.0 0.0 Net result (0.1) (0.5) (Group share) Group net result improved to € -0.1m from € -0.5m in H1 2022. Overall net result was 0 in H1 2023 compared with -1.4m€ in H1 2022. SFAF P
Slide 18: Solid gross cash position
Solid gross cash position .Gross cash position of €8,9m and net cash position of €7,8m at the end of june 2023. Net Cash Position in €m Cash and cash equivalents at June 30, 2023 do not include the €3.4m payment for the purchase of EDS-EP and the €0.5m balance to be received from the sale of fiber ac
Slide 19: Outlook for 2023
Outlook for 2023 Mathias Hautefort, CEO SFAF PRESENTATION - 28 JULY 2023 | 19
Slide 20: Together, we'll build the future of the entertainment
Together, we'll build the future of the entertainment More customers together More innovation More synergies More flexible staff SFAF PRESENTATION - 28 JULY 2023 | 20
Slide 21: Gaumont, an example of synergies
Gaumont, an example of synergies Gaumont is a perfect illustration of Netgem's end-to-end strategy. The world's oldest film studio relies on the Netgem group at every stage of its business: - Preservation/Storage of all movies - Cloudification of its classic movies - Processing of new releases, from t
Slide 22: Innovation Roadmap for Netgem Platform
Innovation Roadmap for Netgem Platform Ambition to Providing the Extending our harness the essential link partnerships convergence in the with current of cloud-based relationship customers contents (TV, between and winning VOD, Gaming) content-owners new and telcos customers partners SFAF PRESENTATI
Slide 23: Guidances for 2023
Guidances pour 2023 Making our Growth of Continuing Continue to Continue to partners' subscribers improvement share value increase our customers base exceeding of our with our CSR dream with our and ARR profitability teams and commitment innovative new exceeding 30% and cash flow shareholders entertai
Slide 24: Q&A
Q&A SFAF PRESENTATION - 28 JULY 2023 | 24
Slide 25: Thank you and Happy Holidays
Thank you and Happy Holidays SFAF PRESENTATION - 28 JULY 2023 | 25
Slide 26: Financials Appendices
Financials Appendices SFAF PRESENTATION - 28 JULY 2023 |26
Slide 27: Cash Flow for H1 2023
Cash Flow for H1 2023 (*) Excluding IFRS 16 restatment 27 27
Slide 28: Equity and Debt
Equity NET(JEM..., and IFRS DATA Debt H1 2023 H1 2022 H1 in million of euros Equity and debt Equity, Group share 24.2 235 Current and non-current financial W 13 liabilities Analysis of net cash A-Cash 8.9 6.2 B - Current financial liabilities 0.5 0.5 C- Current net cash (A)-(B) 8.4 5.7 D- Non curren