Slide 1: Investors presentation Q2 2024 Revenue, H1 2024 Results
Investors presentation Q2 2024 Revenue H1 2024 Results July 25th, 2024
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: Your speaker today
Your speaker today Jean-François Labadie CFO Copyright © 2024 Verimatrix. All Rights Reserved. 3
Slide 4: Summary
Summary 1. Key highlights for half year 2024 2. Q2 Revenue 3. H1 2024 Results 4. 2024 Outlook 4
Slide 5: 1. Key highlights H1 2024
1. Key highlights H1 2024 DRIVING TRUST
Slide 6: H1 2024 Key highlights
H1 2024 Key highlights Verimatrix Counterspy Verimatrix Streamkeeper Verimatrix XTD Verimatrix Streamkeeper brings receives the highest distinction of Wins Gold in 2024 Enterprise Suite home the 1st place win in this Globee Award for disruptors 2024 Merit Awards Triumphs at year’s Innovation in Cont
Slide 7: H1 2024 Key highlights
H1 2024 Key highlights Verimatrix named a technology leader In SPARK Matrix: in-App Protection, Q1 2024 Copyright © 2024 Verimatrix. All Rights Reserved. 7
Slide 8: H1 2024 Key highlights
H1 2024 Key highlights Verimatrix XTD Tapped to Protect and ANTI PIRACY Defend HBL Microfinance Bank’s HBL FirstPay Mobile App Verimatrix Releases Counterspy as a New Anti- Piracy Solution with First-Ever Defensive Capabilities : RTL Luxembourg Verimatrix customer who deployed Counterspy Deploys Ver
Slide 9: New Logos YTD 2024
9 New Logos YTD 2024 ANTIPIRACY XTD H1 2024 H1 2024 EMEA APAC EMEA EMEA EMEA NORAM EMEA LATAM LATAM EMEA Copyright © 2024. Verimatrix, All Rights Reserved
Slide 10: 2. Q2 2024 Revenue
2. Q2 2024 Revenue Subscription ARR continue to increase +25% yoy
Slide 11: Q2 2024 Revenue
Q2 2024 Revenue COMMENTS (in US$ million) 2Q24 2Q23 Var % Recurring revenue 8.6 7.5 +14% • Recurring revenue at $8.6M +14% and 52% of total revenue. Subscription revenue totalled $4.4m, up 33%. Maintenance of which subscriptions 4.4 3.3 +33% revenue was stable at $4.2m. of which maintenance 4.2 4.2
Slide 12: Annual Recurring Revenue trend from subscriptions
Annual Recurring Revenue trend from subscriptions Q2 2024 SUBSCRIPTIONS ARR +25% YOY In $M 18,0 16,5 16,8 16,0 14,8 13,9 14,0 13,4 Q2 qoq Subscription ARR 12,3 +1% is explained by: 12,0 11,1 • a strong order intakes for the 10,0 Counterspy offering from Anti- 9,0 Piracy customers 7,8 8,0 8,0 • the n
Slide 13: 3. H1 2024 Results
3. H1 2024 Results Stabilization of revenue Significant EBITDA improvment 13
Slide 14: H1 2024 revenue
H1 2024 revenue (in US$ million) H1 2024 H1 2023 Var % COMMENTS • Recurring revenue at $17.1M +14% and 55% of Recurring revenue 17.1 15.0 +14% total revenue of which subscriptions 8.6 6.5 +31% • Non-recurring revenue at $13.7M -12% ; of which maintenance 8.5 8.5 - strategy to focus on growth in recu
Slide 15: H1 2024 revenue by segment and region
H1 2024 revenue USA & Canada -2% EMEA -18% ANTI PIRACY • Resilient revenue 92% of turnover In H1 2024, revenues fell slightly by 1%, to $28.3M The 27% growth in subscription offerings has allowed to significantly limit the fdfdfdfdfdfdfd impact of the expected drop in non-recurring revenues 14% 36%
Slide 16: H1 2024 – Results
H1 2024 – Results (in US$ million) H1 2024 H1 2023 Chg. COMMENTS Revenue 30.8 30.6 0.6% Gross margin 21.5 22.1 -2.6% • Revenue : $31M +0.6%, stabilization As a % of revenue 69.7% 72.0% -220 pt • Gross margin : $21.5M, 69.7 % of turnover - The decrease in gross fdfdfdfdfdfdfd Research & development e
Slide 17: H1 2024 – Cash Flow
H1 2024 – Cash Flow (in millions of dollars) H1 2024 Net income/(loss) (4.4) Elimination of non-cash items from continuing operations 5.5 . Changes in working capital from continuing operations (6.9) Cash from operating activities (5.9) COMMENTS Taxes paid (0.5) Interests paid fdfdfdfdfdfdfd Net cas
Slide 18: H1 2024 – Balance Sheet
H1 2024 – Balance Sheet Equity and liabilities June 30. December (In millions of US$) 2024 31. 2023 Ordinary shares 41.5 41.5 Share premium 94.7 94.7 Reserves and retained earnings (14.4) (0.2) Income / (loss) for the period (4.4) (14.3) Equity attributable to equity holders of the Company 117.5 121
Slide 19: 6. 2024 Outlook
6. 2024 ouTLooKk DRIVING TRUST
Slide 20: 2024 Objectives
2024 Objectives • Resilient revenue • Strong growth • ARR suscription growth >20% • Ongoing transformation: decline • New offers in broadcasting partially offset • New verticals by growth in OTT • Recurring revenue transformation EBITDA continuous improvement 20
Slide 21: Why to invest?
Why to invest? Innovative technology Dynamic markets company in cybersecurity Threat defense Transformation is delivering Improving profitability Anti-Piracy Supportive and confident shareholders
Slide 22: Verimatrix Share
Verimatrix Share ISIN CODE FR0010291245 VMX Amedeo MARKET Euronext Paris d'Angelo NUMBER OF SHARES 85 535 147 2,4% SHARE PRICE (04/02/2023) €0.43 MARKET CAPITALISATION €36m OEP Inside B.V. INDICES CAC All Share, CAC All Tradable, CAC Mid & Small, CAC 28,8% Small, CAC Technology, Enternext PEA-PME 15
Slide 23: Follow Verimatrix
Follow Verimatrix https://investors.verimatrix.com / Copyright © 2024 Verimatrix. All Rights Reserved. 23
Slide 24: Investor Information
INVESTOR INFORMATION Investor relations CFO finance@verimatrix.com SEITOSEI.ACTIFIN Media Contact Matthew Zintel communication@verimatrix.com Visit: https://investors.verimatrix.com/