Moving Image Technologies, Inc. · AMEX:MITQ
Moving Image Technologies — Investor Presentation (December 2024)
22 slides from Moving Image Technologies's investor presentation, December 2024
Slide 1: Investor Presentation
Investor Presentation NYSE American: MITQ December 2024 0
Slide 2: Forward-Looking Information and Risk Acknowledgements
FORWARD-LOOKING INFORMATION AND RISK ACKNOWLEDGEMENTS This document contains certain “forward-looking information” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements a
Slide 3: MiT at a Glance
$20.1M MIT AT A GLANCE FY24 Revenue MiT is a leading provider of technology, products and services for outside the home $6.4M entertainment Market Cap (12/4/24) Founded $5.3M 2003 Cash/ IPO July ($0 debt) (6/30/24) 2021 June $1.1M FYE Ent. Value 3
Slide 4: Revenue Growth Acceleration and Margin Expansion
S T A R T Revenue Growth Acceleration Gross Margin Expansion Investing + Existing Strong Operating W ! Leverage N O Multi-year Cinema industry = tailwinds kicking in + Strong Potential Multiple organic growth opportunities Shareholder Returns in outside the home entertainment 4
Slide 5: Growth Strategy
Growth Strategy Introduce disruptive, HIGH GROSS 01 MARGIN products and RECURRING REVENUE services/solutions Leverage new offerings to: Drive CINEMA growth in N. America Establish footholds in other outside 02 the home entertainment sectors including: Sports STADIUMS/ARENAS; amateur ESPORTS Scale th
Slide 6: Multi-Year Industry Tailwinds
MULTI-YEAR INDUSTRY TAILWINDS MiT is Positioned to Benefit from Stronger Customer Spending Environment Post-Hollywood Strikes: Box Office Recovery Underway 1st Inning Multi-Year Technology Refresh Cycle 5
Slide 7: Cinema is Our Legacy Business
Cinema is Our Legacy Business Strengths Challenges Sole national player with COVID & Hollywood strikes leadership position in N. Cyclical – driven by technology America Low GM (mid-teens) Strong brand reputation Lumpy/timing Long-term relationships Lean model Project Management: Furniture, Fixtures
Slide 8: Cinema: How We Grow Revenue and Margins
CINEMA: HOW WE GROW REVENUE AND MARGINS Expand sales of higher margin products Introduce new high gross margin ARR/MRR services MANUFACTURED MiTRANSLATOR PRODUCTS SMART POWER AMPFLIFIERS CINE QC ESPORTS IN CINEMA 8
Slide 9: Traditional Cinema Offerings
TRADITIONAL CINEMA OFFERINGS Proprietary Manufactured LEA’s “Smart” Power Amps are Products Competitively Differentiated E.g. ADA Compliance; Caddy; Fabrication; Automation >50 35-55% 42K 5+ Product Families A la Carte GM Screens in Power N. America Amps/screen Low 20s% Uplift to project GM $630M 5-
Slide 10: MiTranslator Coming Soon
COMING SOON Stay Tuned MiTranslator Enterprise quality cloud-based High Margins control technology platform + No direct competitive offering MRR/ARR Connected IOT network w/ = Robust BI capabilities Reduced 70M Non-English Proficient Cyclicality Speakers - N. America 10
Slide 11: Esports
13 Esports Problem: There is no place for amateur gamers to congregate and play MiT seeks to be the technology partner for creating the “Little League” of Esports
Slide 12: Esports Leagues in Movie Theaters Are the Perfect Solution
ESPORTS LEAGUES IN MOVIE THEATERS ARE THE PERFECT SOLUTION 2.6M L ittl Leag e p la y e u e rs Our MovEsports system ~5500 integrates the gaming Movie theaters in experience onto the 9. 5M 4 lay video US/Canada “Big Screen” p US kids es gam 14
Slide 13: Beyond Cinema: Stadiums, Venues, Arenas
Beyond Cinema: Stadiums, Venues, Arenas Caddy Today Inert cup holders w/strong gross margins ~80% share in NFL, MLB, Cinema, etc. Tied to new builds Business has not fully recovered post-COVID due to lack of new stadium/venue builds 11
Slide 14: E-Caddy
Disruptive Innovation with the potential to transform our E-CADDY business Coming Soon Retrofit existing Enhancing the fan ARR MILLIONS OF UNITS stadiums + new experience + MLB, NHL, NFL, College, builds w/services High Margins Minor Leagues... 12
Slide 15: International Is an Untapped Growth Opportunity
INTERNATIONAL IS AN UNTAPPED GROWTH OPPORTUNITY 1. Re-established and expanded pre-Covid Europe relationships 12 Mos 2. Establish sales/distribution network Asia/S. America 24+ Mos 3. Take emerging products global 16
Slide 16: Financial Model
Financial Model: Revenue Growth Gross Margin Expansion Operating Leverage 17
Slide 17: Business Update - September 2024
BUSINESS UPDATE - SEPTEMBER 2024 Customer spending rebounding after a strong E-Caddy proof of concept in progress. 1 summer box office, suggesting recovery post- 4 Successful introductory conversations with Hollywood strikes - Technology upgrade cycle MLB & NHL stadium execs provided valuable orders
Slide 18: Financial Results
Financial Results $25.0 Revenue GAAP NI FY22 IPO and public company costs impact profitability $20.0 GM Gov’t provided subsidies for COVID (Shuttered Venue Operations 27.4% GM Grants or SVOG) funds trigger increased customer spending. 26.6% GM 24.3% FY23 $15.0 SVOG spending finishes. Strong box offi
Slide 19: New Initiatives to Drive Gross and Operating Margin Expansion
NEW INITIATIVES TO DRIVE GROSS AND OPERATING MARGIN EXPANSION ~$21.0M ~$5.5M GM Profile Break-Even Annual OpEx: Revenue Mostly Fixed 20
Slide 20: Potential Catalysts in FY25
Potential Catalysts in FY25 LEA Sales (in process) International sales initiatives (in Pass testing at additional large domestic process) circuits - leading to orders Meetings at June 2024 CineEurope tradeshow furthered relationships and provided access to new opportunities Esports (in process) New
Slide 21: Timely, Attractive Investment
Timely, Attractive Investment Multi-year industry Multiple organic growth Significant Earnings and tailwinds starting to play opportunities C/F generation potential out 22
Slide 22: Contact: Brian Siegel
https://www.movingimagetech.com Contact: Brian Siegel, IRC®, MBA Vice President, IR/Strategic Communications, MiT Senior Managing Director, Hayden IR (346) 396-8696 brian@haydenir.com
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