Evs Broadcast Equipment Sa · EURONEXT:EVS

Evs Broadcast Equipment Sa — Q2 2018 Earnings Presentation

15 slides from Evs Broadcast Equipment Sa's earnings presentation, Aug 30, 2018

  1. Slide 1: EVS Broadcast Equipment Results Q2 2018

    EVS BROADCAST EQUIPMENT RESULTS Q2 2018 August 30, 2018 Pierre DE MUELENAERE, Chairman of the Board & Interim CEO Yvan ABSIL, CFO Geoffroy d’‘OULTREMONT, VP Investor Relations & Corporate Communication =VSE

  2. Slide 2: Agenda

    AGENDA 2Q 2018 review Outlook

  3. Slide 3: 1H18 Highlights

    1H18 HIGHLIGHTS WEAK 1H18, EXPECTING ACCELERATION IN 2H18 » 1H Revenue » Low as expected given published order book in May » Continued challenging market conditions » No market share loss D 1H Profitability » Profitability impacted by lower sales and product mix, but good opex control > Innovation b

  4. Slide 4: 0.6 3.9 21.8 8.2 13.6 18.6 0.2 1.0 0.0 0.7 1.7 12.4 10.7 7.2

    0.6 3.9 21.8 8.2 13.6 18.6 0.2 1.0 0.0 0.7 1.7 12.4 10.7 7.2 14.9 11.8 13.5 7.1 4.2 11.6 3.8 8.9 8.9 22.2 11.0 21.0 20.6 17.0 16.5 17.4 16.6 13.1 15.1 13.5 14.0 12.7 9.7 6.4 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2015 2016 2017 2018

  5. Slide 5: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

    1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2015 2016 2017 2018 2015 2016 2017 2018

  6. Slide 6: 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q

    1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2015 2016 2017 2018 2015 2016 2017 2018

  7. Slide 7: Consolidated Income Statement 2Q 2018

    CONSOLIDATED INCOME STATEMENT 2Q 2018 d 2-24.84 In millions of EUR 2Q18 2Q17 Revenue: -24.8% yoy REVENUE 21.2 28.3 » Gross margin: -9.7ppt yoy + Lower revenue Cost of sales -7.5 -7.2 + Higher write-offs fit 13. 21.1 Gross profi 3.8 > OPEX: -5.6% yoy Gross margin 64.8% 74.5% - Lower people related co

  8. Slide 8: Consolidated Income Statement 1H 2018

    CONSOLIDATED INCOME STATEMENT 1H 2018 In millions of EUR 1H18 1H17 REVENUE 44.1 52.8 Cost of sales -14.6 -14.5 Gross profit 29.5 38.3 Gross margin % 66.9% 72.5% S&A -13.6 -13.7 R&D -12.9 -12.2 EBIT 2.3 12.8 EBIT MARGIN 5.3% 24.3% Financial result -0.4 -0.7 Taxes 8.6 -3.2 NET PROFIT 10.6 9.1 BASICS E

  9. Slide 9: FTE Evolution and Costs Are Under Control

    FTE EVOLUTION AND COSTS ARE UNDER CONTROL 497 FTE AT THE END OF JUNE 2018 550 500 450 400 350 300 66 415 463 FTE EVOLUTION 486 512 485 481 493 497 D +4 FTE vs 31/12/2017, but -10 vs 31/3/2018 D Strict management of resources and short term variations D End 2018 expected to be around end 2017 Headcou

  10. Slide 10: Strong Cash Position and Seasonal Movements

    STRONG CASH POSITION AND SEASONAL MOVEMENTS In millions of EUR June 2018 Dec. 2017 ASSETS Goodwill and intangibles 1.6 1A Lands and buildings 45.3 45.8 Investments at equity 1.2 1.1 Inventories 18.6 15.7 Receivables 21.8 33.1 Cash 39.6 39.4 Assets held for sale 3.7 4.0 Deferred tax assets 6.3 3.3 Ot

  11. Slide 11: Strong Cash Collection Due to High 4Q17 Sales

    1 STRONG CASH COLLECTION DUE TO HIGH 4Q17 SALES CASH FLOW In millions of EUR 1 aks) 1H17 Net profit, group share 10.6 9.1 Cash generated from operations 11.7 15.3 Income taxes paid -1.4 -12.0 Net cash from operating activities 10.3 3.3 Net cash used in investing activities -0.5 -0.8 Net cash used in

  12. Slide 12: Agenda

    AGENDA 2Q 2018 review Outlook 12

  13. Slide 13: Given Better Order Book, We Expect Stronger H2

    13 GIVEN BETTER ORDER BOOK, WE EXPECT STRONGER H2 +7.9% EXCL. BIG EVENT RENTALS 41.4 > Around 2/3 of the order book is expected to be recognized 40.9 in revenue in 3Q18 35.4 36.8 37.4 » Includes EUR 5.1 million rentals for big events ™ Order book for event rentals >» For 2019 and beyond: EUR 8.3 mil

  14. Slide 14: 2018 Guidance

    14 2018 GUIDANCE > Expecting an acceleration of the business in 2H, we confirm the revenue guidance of EUR 115 million to EUR 130 million D XT-VIA should support sales in 2H >» Good momentum on the new products D We expect opex to grow moderately compared to 2017, on top of the structural salary inc

  15. Slide 15: Geoffroy d'Oultremont

    Geoffroy d’Oultremont VP Investor Relations & Corporate Communications Corpcom@evs.com Tel: +32 4 361 70 13

EVS Broadcast Equipment — Q2 2018 Earnings Presentation on 6ix