Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — 2Q15 Earnings Presentation
21 slides from Evs Broadcast Equipment Sa's earnings presentation, Aug 27, 2015
Slide 1: EVS Broadcast Equipment 2Q15 results
EVS Broadcast Equipment 2Q15 results August 27, 2015 Muriel DE LATHOUWER, Managing Director, CEO \ Geoffroy d’;OULTREMONT, VP Investor Relations and Corporate Communication = Hl < Hy Www.evs.com
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION The statements made in this presentation that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical fact, which address EVS Group’s [“EVS”, “the Group” or the “Company”) expe
Slide 3: Agenda
AGENDA [> Executive summary » 2Q15 & 1H15 financials >» Business update » Outlook >» Annexes vs
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS 2Q 2015: ~ Soft sales performance, driven by continued challenging environment — Strong currency impact — Opex under control (-2.3% at cst currency in 1H15 vs 1H14) — EBIT margin of 8.2%, mainly due to low sales Order book: — EUR 36.8 million, +10.2% vs 2014 FY15: — Confirmation
Slide 5: Agenda
AGENDA >» Executive summary [> 2Q15 & 1H15 financials >» Business update >» Outlook > Annexes vs
Slide 6: Quarterly trend charts 2013-2015
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2013 2014 2015
Slide 7: Quarterly trend charts 2013-2015
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2013 2014 2015 2013 2014 2015 • •
Slide 8: Quarterly trend charts 2013-2015
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2013 2014 2015 2013 2014 2015 •
Slide 9: 2015: Revenue Down by 19.4%
2015: REVENUE DOWN BY 19.4% Reported In millions of EUR 2Q15 2Q14 REVENUE 23.3 35.6 Cost of sales (14.7) (8.9) Gross margin 15.5 26.7 Gross margin % 66.7% 75.0% S&A (7.1) (6.8) R&D (6.2) (6.3) EBIT 1.9 12.9 EBIT MARGIN 8.2% 36.2% Financial result (1.0) 0.0 dcinex & mecalec at equity - - Taxes (0.3)
Slide 10: 1H15 Reported Results
1H15 Reported In millions of EUR 1H15 _1H14 REVENUE 47.4 64.9 Cost of sales (14.7) (16.3) Gross margin 32.8 48.6 Gross margin % 69.1% 74.9% S&A (12.9) (12.2) R&D (12.1) (12.5) EBIT 74 22.9 EBIT MARGIN 15.6% 35.3% Financial result 0.3 (0.0) dcinex & mecalec at equity 0.1 0.2 Taxes (2.3) (7.7) NET PRO
Slide 11: 1H15 At Constant Currency
"1 1H15 At constant currency Ie 1H15 1H15 1H14 In millions of EUR Cst currenc reported REVENUE 43.6 47.4 4.9 » Currency effect: Cost of sales (14.3) (14.7) (16.3) + EUR 3.8 million on revenue Gross margin 73 328 18.6 ~ EUR 0.4 million on gross margin Gross margin % 67.2% 69.1% 74.9% S&A (12.2) (12.9
Slide 12: FTE: Streamlined Organization
12 FTE: STREAMLINED ORGANIZATION resulting in a strict control of opex growth D -39 FTE vs 31/12/2014, including impact of closing of Chengdu [-31 people, partially offset Headcount evolution (FTE) by some recruitment in Liége] >» More controlled recruitments: internal mobility 550 sia sia to fill i
Slide 13: Agenda
AGENDA >» Executive summary » 2Q15 & 1H15 financials [» Business update >» Outlook > Annexes 13 vs
Slide 14: Strategic Update
14 STRATEGIC UPDATE » Initiative to review the long term strategy, also in the view of the technology transitions and the emergence of new business models » Increased focus on cost management: more disciplined approach to investments (e.g. optimized space insome EVS offices, transfer of Chengdu deve
Slide 15: IBC 2015
15 IBC 2015 Pf |P4Live: increased live production efficiency through innovative solutions We OPEN & PROTECT EXISTING PROFESSIONAL HYBRID IP IN PRODUCT INTEROPERABLE INVESTMENTS COTS* TRANSITION DESIGN SOF Ew VS
Slide 16: IBC 2015 Other focus
IBC 2015 Other focus » Live content management: fast and live content turnaround > Multiformat ingest and delivery AQ = » DYVI: IT based video switcher 16 VS
Slide 17: Agenda
AGENDA >» Executive summary » 2Q15 & 1H15 financials >» Business update [> Outlook > Annexes 7 VS
Slide 18: Order book for event rentals
48.0 6.5 40.9 36.5 35.4 36.8 0.4 7.7 0.2 0.0 Order book for event rentals 41.5 36.1 35.4 36.6 33.2 Orderbook 25/8, excl. events rentals 2011 2012 2013 2014 2015
Slide 19: Outlook
OUTLOOK 2015 guidance Order book of EUR 36.8 million for 2015 at August 25 Continued slowdown in the market: ~ Macro-economic headwinds and longer investment cycles — More clarity needed on new technologies adoption — 2015 revenue is likely to be in the EUR 100-115 million range Opex is expected to
Slide 20: Agenda
AGENDA >» Executive summary » 2Q15 & 1H15 financials >» Business update » Outlook [> Annexes 20 VS
Slide 21: Corporate Calendar
CORPORATE CALENDAR D» September 11-15: >» November 13, 2015: IBC tradeshow [Amsterdam] 3Q15 earnings vs