Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — FY2024 Earnings Presentation
39 slides from Evs Broadcast Equipment Sa's earnings presentation, Feb 19, 2025
Slide 1: 2024 FY Results
2024 FY Results Feb 19th, 2025
Slide 2: EVS Broadcast Equipment 2024 Full Year Results
EVS Broadcast Equipment 2024 Full Year Results Corporate communication February 19th, 2024 → evs.com 2024 FY Results Feb 19th, 2025
Slide 3: Disclaimer: Forward Looking Statements
DISCLAIMER Forward Looking Statements This presentation contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subject to
Slide 4: Agenda
Agenda 1. Business Update 2. Financial Update 3. Outlook 4. Conclusions 5. Questions & Answers The content of this presentation is proprietary, confidential and solely for the use of the intended recipients. It may not be reproduced or distributed, in whole or in part, to any third party without the
Slide 5: Agenda: Business Update
Agenda 1. Business Update 2. Financial Update 3. Outlook 4. Conclusions 5. Questions & Answers The content of this presentation is proprietary, confidential and solely for the use of the intended recipients. It may not be reproduced or distributed, in whole or in part, to any third party without the
Slide 6: Business Update
2024 FY Results Feb 19th, 18th, 2025
Slide 7: 2024 results: profitable and sustainable growth confirmed
2024 results: profitable and sustainable growth confirmed 198 173 148 138 138 129 131 131 119 119 116 111 111 107 103 95 88 85 77 50 52 37 39 35 36 22 20 10 5 2 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 8: Financial 2024 performance
Financial 2024 performance: Delivering a new revenue high with strong net profit ORDER BOOK REVENUE NET PROFIT FTE 163,5Mio€ 198,0Mio€ 42,8Mio€ 704,5FTE +6,7% +14,3% +15,7% +13,3% 2024 FY Results Feb 19th, 2025
Slide 9: 2024 FY corporate highlights
2024 FY corporate highlights On our way to reach our ambitious 2030 growth objectives (BHAG) Market & customers Corporate topics + Successfully delivered Big Events 2024 + Top Employer 25 label and engagement survey confirms + Gained market share, won new large projects, EVS as a great place to work
Slide 10: Our 2030 Target
2030 TARGET OUR BECOME THE PROVIDER IN 2024 FY Results Feb 19th, 2025
Slide 11: PlayForward: customer intimacy strategy
PlayForward : customer intimacy strategy 2015 2023 2028 From replay centric Optimized media Live production leading products leading solutions ECOSYSTEM in premium market in multi-tier markets CAPEX only More OPEX & On-demand Mainly in OBVans Growing in broadcast centers EVS Hardware + EVS Software
Slide 12: Market continues to observe growth
Market continues to observe growth GROWING SHIFT IN CLIENT CHANGES IN SUPPLY OF LANDSCAPE OPERATING LIVE EVENTS STRUCTURE MODELS NEW CHANGING TECHNOLOGY MACRO ESG TRENDS CONTEXT 2024 FY Results Feb 19th, 2025
Slide 13: EVS Solutions in action
EVS Solutions in action LiveCeption MediaCeption MediaInfra PREMIERSHIP WOMEN’S RUGBY (ENGLAND) ALJAZEERA MEDIA NETWORK WILL BENEFIT A LARGE BANK IN US WILL DEPLOY IN 2025 A HAS BEEN FULLY REMOTELY PRODUCED, FROM LATEST MEDIACEPTION INNOVATIONS IN BROADCAST-GRADE INFRASTRUCTURE FOR REDUCING ONSITE F
Slide 14: Over 150 Channel Partners Worldwide
Over 150 Channel Partners Worldwide + Helping to expand globally + Increasing sales in new market segments + Dedicated Channel Partner managers and certification program Our Channel Partners as the main contributor of the Order Intake increase between 23 and 24! 2024 FY Results Feb 19th, 18th, 2025
Slide 15: Big events: ideal storefront for EVS solutions
Big events: ideal storefront for EVS solutions Live replays and highlights packaging at IBC and all venues with LiveCeption® File-based ingest and advanced logging at IBC with MediaCeption® Contribution and processing from venues with MediaInfra Central (nearline) video storage at IBC with XStore® G
Slide 16: New solutions expand TAM and growth potential
Continuous developments of new solutions will allow EVS to significantly expand its TAM, unlocking new growth potential 2024 FY Results Feb 19th, 2025
Slide 17: MOG Technologies & TinkerList transactions in 2024
MOG Technologies & TinkerList transactions in 2024 to broaden EVS footprint for news production and more 2 M&A transactions closed in 2024: • Acquisition of minority shares in TinkerList (Belgium) completed on Aug 2nd • Full acquisition of MOG Technologies (Portugal) completed on Oct 1st. Both acqui
Slide 18: Strengthening our position in North America
Strengthening our position in North America to accelerate growth and reach our BHAG WE INVEST MORE TO ACCELERATE OUR GROWTH NALA LAB Order Intake 3 2019 2020 2021 2022 2023 2024 We have proven our ability 2026 & 2028 We grow the team to to grow our footprint in US, major summer events increase our c
Slide 19: 2024 Engagement Survey
2024 Engagement Survey Increase or stability in all dimensions Awards Best campaign to improve Health & Mental well-being Corporate Star award EVS is A Great Place To Work – 92% Top employer reconfirmed in 2025 2024 FY Results Feb 19th, 2025
Slide 20: ESG holistic approach
ESG holistic approach Minimizing the Sustainable A more sustainable Social impact of our solutions workplace supply chain responsibility Facilitating remote workflows Solar panels and +100 EV Towards a sustainable Charity day charging points procurement policy Hardware virtualization Sponsorship pro
Slide 21: Main Risks
MAIN RISKS Geopolitical tensions, supply of components & inflation • Inventory Management: EVS ensures tight control over electronic component inventory to maintain timely delivery of its high-demand products and solutions. • US Tariff Preparedness: EVS is well-prepared to mitigate potential US tari
Slide 22: Agenda: Financial Update
Agenda 1. Business Update 2. Financial Update 3. Outlook 4. Conclusions 5. Questions & Answers The content of this presentation is proprietary, confidential and solely for the use of the intended recipients. It may not be reproduced or distributed, in whole or in part, to any third party without the
Slide 23: FY24 Topline performance
FY24 | Topline performance ORDER INTAKE REVENUE ORDER BOOK 218,8 198,0 49,7 173,2 56,5 148,2 52,8 137,6 55,9 149,3 208,6 192,9 169,0 12,9 100,4 107 85,9 51,0 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 2021 2022 2023 2024 208,6M 198,0M 163,5M +8,2% YOY +14,3% YOY +6.7% YOY Order intake outpaces
Slide 24: FY24 Revenue analysis
FY24 | Revenue analysis Proofpoints of our strategy in action: ✓ Continued expansion of our LAB business (general broadcasters) Growing 46% over a 2-year span to 104Mio€ in 2024. ✓ Capturing growth in NALA region: Growing turnover by 24% over the past 2 years reaching 63Mio€ in 2024. ✓ Increasing ou
Slide 25: FY24 Profitability
FY24 | Profitability GROSS MARGIN OPERATING EXPENSES* EBIT 72,3% 45,0 41,1 37,1 69,6% 69,6% 31,7 66,7% 98,1 79,5 58,7 67,2 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 72,3% 98,1M (+23,4%) 45,0€ +2,6PTS YOY +9,5% Increase in gross margin driven by: Well-managed growth in o
Slide 26: FY24 Financial structure
FY24 | Financial structure NET CASH POSITION* NET WORKING CAPITAL TRADE RECEIVABLES 74,9 91,5 89,6 DSO 78,4 145 54,9 142 124 54,4 103 33,8 36,6 67,2 67,3 58,9 38,9 2021 2022 2023 2024 2021 2022 2023 2024 2021 2022 2023 2024 74,9M (+104,6%) 91,5M (+2,1%) 67,3M (+0,1%) All-time high net cash position
Slide 27: Intangible assets (IAS38)
Intangible assets (IAS38) 2 intangible asset projects created in 2022 worth 12,2Mio€: • Project 1: Announcement of VIA Map in September 2023 Intangible Assets Capitalization & Depreciation ended the creation of new intangible assets in 4Q23 and 16.000.000,00 depreciation started. Quarterly depreciat
Slide 28: Share buyback
Share buyback In November 2024 a share buyback program was launched. The project announced is for a total of 10Mio€. Per February 14th 2025, we bought back 176,891 shares at an average share price of EUR 30.6488, representing in total EUR 5,421,493.22. This corresponds to 54.21% of the announced pro
Slide 29: Agenda: Outlook
Agenda 1. Business Update 2. Financial Update 3. Outlook 4. Conclusions 5. Questions & Answers The content of this presentation is proprietary, confidential and solely for the use of the intended recipients. It may not be reproduced or distributed, in whole or in part, to any third party without the
Slide 30: Accelerating Growth: an expanding commercial pipeline
Accelerating Growth: an expanding commercial pipeline Pipeline snapshot YoY (M€)* 2 in the period 2019-25 2019 2020 2021 2022 2023 2024 2025 2024 FY Results Feb 19th, 2025 *Snapshot taken on Feb 1st of each year
Slide 31: Outlook & guidance 2025
Outlook & guidance 2025 Important metrics for 2025 • The important order intake of 2024 has considerably fueled the order book to be delivered in future periods. The total order book at the end of 2024 is of EUR 163.5 million, growing 6.7% compared to the same period last year. • The order book rese
Slide 32: Route to our BHAG (achieving 350Mio€ by 2030)
Route to our BHAG (achieving 350Mio€ by 2030) BHAG linear growth 400 Financial power 350 300 to execute on M&A strategy 250 200 150 Organic growth from market 100 and gaining 50 market share 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Reality Est. linear growth 2024 FY Results Feb
Slide 33: Projected profitability with BHAG
Projected profitability with BHAG Profit margins are modeled to Future EBIT margins continue to remain stable. be modeled around 22%. There where the mix of solutions Organically we may expect some may impact the margin negatively, operational leverage, that is we see this being compensated bound to
Slide 34: Dividend proposal
Dividend proposal • Based on the capital allocation strategy, EVS issues a new dividend policy for the years 2025-2027 In € per share 2025 2026 2027 Dividend 1,20 1,20 1,20 This dividend policy foresees in a growth of the annual dividend by EUR 0,10 per share. • In May 2025, the final dividend of 20
Slide 35: Agenda: Conclusions
Agenda 1. Business Update 2. Financial Update 3. Outlook 4. Conclusions 5. Questions & Answers The content of this presentation is proprietary, confidential and solely for the use of the intended recipients. It may not be reproduced or distributed, in whole or in part, to any third party without the
Slide 36: Next focus - Key activities for 2025
Next focus - Key activities for 2025 Consolidate Further Grow in Selectively Double Down in Leadership On MediaCeption & Develop North America LiveCeption MediaInfra Adjacencies 2024 FY Results Feb 19th, 2025
Slide 37: Conclusion
Conclusion • Our 2024 figures prove that we are progressing well towards our BHAG • The EPS of 2024 supports the FY dividend proposal of EUR 1,10 per share**. • For 2025, we project revenue guidance of EUR 195-210 million, reaffirming our growth potential even in a year without major events. • We ex
Slide 38: Questions & Answers
Questions & Answers 2024 FY Results Feb 19th, 18th, 2025
Slide 39: Thank you!
Thank you! → evs.com 2024 FY Results Feb 19th, 2025
EVS Broadcast Equipment — FY2024 Earnings Presentation on 6ix