Slide 1: Investor Presentation
Investor Presentation
Slide 2: Summary
Summary
Slide 3: Atomos Growth
Atomos Growth Revenue ($m)1 Revenue by Region ($m) 2H 1H 95.0+ 78.6 19.2 53.7 13.4 13.7 45.8 11.3 44.7 +18% 35.7 8.3 29.5 12.1 7.7 17.3 40.9 32.6 32.8 18.4 24.2 +25% 23.5% 20.4% 34.5% 32.8% 42.0% 46.8% FY18 FY19 FY20 FY21 FY22 APAC EMEA US 30% CAGR2 This, with 77% growth Steady growth in all regions
Slide 4: Growing Product Range
Growing Product Range Hardware Devices Sold (‘000) / # Devices # Software Applications Sold (‘000) / # Software Applications 7.0 14.0 120.0 16 Hardware Devices sold ('000) 11+ # Software Applications Sold ('000) 2+ 6.0 14 12.0 100.0 # Devices # Software Applications 11 12 5.0 10.0 80.0 10 9 10 4.0 8
Slide 5: Review
Review
Slide 6: 1H FY22 Summary
1H FY22 Summary • 1H FY22 revenue of $40.9m, up 25% on pcp1 (1H FY21: $32.8m) Sales • Growth driven by strong demand for new products • Gross profit of $19.3m (47.3%), up 2.4% on pcp1 Margin • Higher margin on new products, including 100% margin software applications • Variable opex increased by ~1.
Slide 7: 1H FY22 Earnings
1H FY22 Earnings Proforma EBITDA ($m) 7
Slide 8: 1H FY22 Financials
1H FY22 Financials Pro Forma Adjustments Pro Forma (A$m) 1H FY21 1H FY22 Δ pcp1 (A$m) Δ pcp1 (%) 32.8 40.9 8.1 24.7% 1H FY21 excludes Revenue COGS (18.0) (21.6) (3.6) 20.0% Gross Profit 14.8 19.3 4.5 30.4% one-off gain resulting from the Gross Profit Margin 44.9% 47.3% n/a 2.4% renegotiation of the
Slide 9: 1H FY22 Financials
1H FY22 Financials Key Insights Pro Forma (A$m) 30 Jun’21 31 Dec’21 Strong balance sheet with $17m 26.0 16.8 of cash at 31 December 2021 Cash and cash equivalent Trade and other 12.8 15.0 receivables Inventories 16.6 24.0 Investment in inventory to 5.2 7.3 insulate against supply chain Other assets
Slide 10: Outlook
Outlook
Slide 11: Our Strategic Pillars
Our Strategic Pillars Products & Services The Vision To democratise content creation and delivery. Our essentials for long-term success The Mission Innovative To combine our own deep video tech Technology Partnerships with that of other great video tech companies, to build products, services and an
Slide 12: Building an Ecosystem
Building an Ecosystem People Fall in Love with products Hardware only with limited free feature upgrades 2 of 11 hardware That is our PAST products have evolved with enabled Evolved 2 hardware products software with software features That is our PRESENT Hardware & software on a unified platform That
Slide 13: Our Hardware Evolution
Our Hardware Evolution PAST PRESENT FUTURE Product engineered Ninja V & V+ engineered FY22 launch Series 2 individually without software for software features next generation products 13
Slide 14: Potential M&A
Potential M&A Technology & Standards We will buy companies with technology and standards which help us sell more products Smart, well-structured acquisitions which are not dilutive New Complimentary Markets We will opportunistically look at business that provide access to new markets and enhance ear
Slide 15: Key Takeaways
Key Takeaways New Products Drive Guidance Reaffirmed Growth Key products have always Revenue expected to be $95m+ driven sales for FY22 up 21% on FY21 which grew by 77% Progressively moving into Implies 2H FY22 growth of software products which drive 18%+ vs 1H FY22 (25%) margin expansion Opening up
Slide 16: Corporate Snapshot
Corporate Snapshot Pricing Snapshot Major Shareholders Ticker AMS Regal Funds Mgmt 8.5% Share Price $0.895 Ellerston Capital Ltd 7.3% Shares on Issue (m) 222.4 Wilson Asset Mgmt 6.2% Market Capitalisation (m) 199.0 Top 10 shareholders ~43% Board of Directors Share Price History Chris Tait Non-Execut
Slide 17: Q&A
Q&A