Slide 1: Q2 2023 Revenue, HY 2023 Earnings
Q2 2023 REVENUE HY 2023 EARNINGS Amedeo D’Angelo – Executive Chairman Jean-François Labadie – CFO
Slide 2: Disclaimer
Disclaimer This document was prepared by Verimatrix and is provided for information No statement in this presentation is intended as a profit forecast or estimate for any purposes only. It is public information only. period. Persons receiving this document may not and should not rely on forward look
Slide 3: 2 global business lines
2 global business lines ANTI PIRACY THREAT DEFENSE PROTECT VALUABLE CONTENTS PROTECT APPS AND IOT Protecting content for Streaming Media Extended threat defense software Pay TV, Telcos and Broadcasting from the devices to the enterprise 3
Slide 4: HY 2023 – Main Events
HY 2023 – MAIN EVENTS Roll-out of the Back to Growth plan Recurring revenue represents close to 50% of the total revenue Increasing base of customers using our new solutions under subscription model New logos and new verticals added Resilience of our traditional solutions – Perpetual license sales a
Slide 5: Q2 2023 Performance - Highlights
Q2 2023 PERFORMANCE - HIGHLIGHTS 6 consecutives quarters of growth in ARR from subscriptions 6 consecutives quarters of growth in revenue from subscriptions 5 consecutives quarters of growth in recurring revenue Recurring revenue is now close to 50% of the total revenue Upgrade of the subscription r
Slide 6: HY 2023 New Customers and Awards
6 HY 2023 New Customers and Awards Antipiracy Theat Defense 2023 GLOBAL INFOSEC AWARD Threat Defense Cyber Defense Magazine 2023 CYBER SECURITY AWARD Threat Defense Gold Award for AI Security 2023 NAB SHOW AWARDS Threat Defense Product of the Year Verimatrix Confidential Proprietary — Copyright © 20
Slide 7: Q2 2023 Revenue, HY 2023 Earnings
Q2 2023 REVENUE HY 2023 EARNINGS Copyright © 2023 Verimatrix. All Rights Reserved. 7
Slide 8: HY 2023 – Financial highlights
HY 2023 – Financial highlights Revenue growth for two quarters in a row Strong growth momentum from the subscription activities on both revenue and ARR Positive ebitda and solid cash position +6% growth in total revenue compared with HY 2022 Q2 2023 revenue growth +3% Growth from subscription revenu
Slide 9: Q2 2023 Revenue
Q2 2023 REVENUE ($ million US) Q2 2023 Q2 2022 Chg. Recurring turnover 7.5 6.1 22% Q2 2023 revenue up 3% compared to Q2 2022 of which maintenance 4.2 4.5 -8% of which subscriptions 3.3 1.6 108% • Total recurring revenue up 22% compared to Q2 2022 Non-recurring turnover 9.1 10.0 -9% • Non-recurring r
Slide 10: HY 2023 Revenue
HY 2023 REVENUE ($ million US) HY 2023 HY 2022 Chg. Recurring turnover 15.0 12.3 22% of which maintenance 8.5 9.1 -8% HY 2023 revenue up 6% compared to HY 2022 of which subscriptions 6.5 3.2 107% Non-recurring turnover 15.6 16.6 -6% • Subscription revenue growth of 107% • ARR From Subscriptions grow
Slide 11: ARR Subscription – A Continuous Growth
ARR SUBSCRIPTION – A CONTINUOUS GROWTH • 67% ARR increase over the last twelve months (June 2022) • 21% ARR increase since the beginning of this year (December 2022) • 40% ARR increase expected for the full year (December 2023) Copyright © 2023 Verimatrix. All Rights Reserved. 11
Slide 12: HY 2023 – P&L - Positive EBITDA
HY 2023 – P&L - POSITIVE EBITDA (US$ million) 2023 2022 Revenue 30,6 28,9 +6% Improvement of Gross Profit in value and % Gross profit 22,1 20,8 +6% -Revenue is back to growth As a % of revenue fdfdfdfdfdfdfd 72.2% 71.9% -Continuous optimisation of cost of sales Research and development expenses (10,
Slide 13: HY 2023 – Cash Flow – Strong improvement in cash generated from Operations
HY 2023 – Cash Flow – Strong improvement in cash generated from Operations US$ million) 2023 2022 Income / expense from continuing operations (7.3) (7.3) Non-cash items from continuing operations 7.4 7.0 Changes in working capital from continuing operations 2.6 (2.2) $5.3m increase in cash flow gene
Slide 14: 2023 Outlook
2023 OUTLOOK Copyright © 2023 Verimatrix. All Rights Reserved. 14
Slide 15: 2023 Full-year guidance
2023 Full-year guidance Growth of subscriptions revenue revised up to 60% from 40% Strong growth in recurring revenues Growth of its subscriptions Growth of the revenues subscriptions ARR >60% >40% Copyright © 2023 Verimatrix All Rights Reserved. 15
Slide 16: Investor Information
INVESTOR INFORMATION Investor relations CFO finance@verimatrix.com Lucie Morlot Lucie.morlot@actifin.fr Media Contact Matthew Zintel communication@verimatrix.com Financial Calendar 2023 Q3 Revenue: October 19, 2023 (after market) Visit: https://investors.verimatrix.com/