Slide 1: EVS Broadcast Equipment – 2021/FY Results
EVS BROADCAST EQUIPMENT – 2021/FY RESULTS February 24th, 2022 Corporate Communication
Slide 2: Disclaimer
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 3: Business Update, Financial Update, Outlook
Business Update Financial Update Outlook Conclusions Questions & Answers
Slide 4: 2021 FY Highlights: Revenue & Order Book at Record High
2021 FY HIGHLIGHTS REVENUE & ORDER BOOK AT RECORD HIGH REVENUES EBIT EOY ORDER BOOK EOY NET CASH ▪ FY20 : 88.1MEUR ▪ FY20 : 5.7MEUR ▪ EOY20 : 53.9MEUR ▪ EOY20 : 35.7MEUR ▪ FY21 : 137.6MEUR (+56%) ▪ FY21 : 37.1MEUR (+557%) ▪ EOY21 : 63.9MEUR (+19%) ▪ EOY21 : 54.9MEUR (+54%) DYNAMIC MARKET BASED ON LS
Slide 5: 2021 Financial Highlights
2021 FINANCIAL HIGHLIGHTS RECORD ORDER INTAKE & REVENUE 2021 Revenue: EUR 137.6 million (+56,2% YoY) • Accelerated growth in LAB (+27.5%) and in LSP (+71.5%) market pillars • Back-orders end of 2020 • Big Events Healthy Profitability • Gross margin 69.6% • Positive EBIT EUR 37.1 million • Operating
Slide 6: Europe Wide Tournament in 2021 for Leading Sport Federation
EUROPE WIDE TOURNAMENT IN 2021 FOR LEADING SPORT FEDERATION • • • MAJOR 2021 MULTI-SPORTS EVENT IN ASIA • • • •
Slide 7: Last Months Evolutions & Actions Contributing to EVS Evolution Journey
LAST 12 MONTHS EVOLUTIONS & ACTIONS CONTRIBUTING TO EVS EVOLUTION JOURNEY ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 8: Combining Products to Create the Perfect Solutions
COMBINING PRODUCTS TO CREATE THE PERFECT SOLUTIONS MediaGeption Live production, replays and Production asset management Routing and infrastructure highlights solutions that solutions for fast and easy solutions to content turnaround = LARGE XT UPDGRADE CONTRACTS [E.G. = STRONG MARKET REFERENCES, ES
Slide 9: Several Awards for New Solutions Proving Continuous Innovation at EVS
SEVERAL AWARDS FOR NEW SOLUTIONS PROVING CONTINUOUS INNOVATION AT EVS ▪ IABM BaM award in the “Create category” ▪ NAB Best in Market award - TV Technology ▪ NAB Best in Market award -TV Technology ▪ DMW Award in the “IP Broadcast Production category” ▪ Broadcast Production Award in the “Production c
Slide 10: New Channel Partner Program in Place
NEW CHANNEL PARTNER PROGRAM IN PLACE
Slide 11: EVS Back in Trade Shows When Confirmed
EVS BACK IN TRADE SHOWS WHEN CONFIRMED WHILE CONTINUING REMOTE INTERACTIONS WITH CUSTOMERS EVS back in the trade shows Continue to leverage the efficiency when relevant and possible of remote interactions with customers New tradeshow setup … EVS Webinar Studio … focused on conversations based on EVS
Slide 12: Main Risks: Scarcity of Electronic Components & Salary Inflation
MAIN RISKS SCARCITY OF ELECTRONIC COMPONENTS & SALARY INFLATION ▪ ▪ ▪ ▪
Slide 13: EVS Financial Update
EVS FINANCIAL UPDATE FY2021 FINANCIAL HIGHLIGHTS FY2021 REVENUES GEOGRAPHICAL SPLIT REVENUE DESTINATION SPLIT CONSOLIDATED INCOME STATEMENT TEAM MEMBERS STRONG BALANCE SHEET
Slide 14: 2021 Financial Highlights
2021 FINANCIAL HIGHLIGHTS RECORD ORDER INTAKE & REVENUE 2021 Revenue: EUR 137.6 million (+56,2% YoY) • Accelerated growth in LAB (+27.5%) and in LSP (+71.5%) market pillars • Back-orders end of 2020 • Big Events Healthy Profitability • Gross margin 69.6% • Positive EBIT EUR 37.1 million • Operating
Slide 15: FY2021 Revenue
FY2021 REVENUE ▪ Record-high revenue, thanks to ▪ Back-orders end of 2020 ▪ Big Events Rentals ▪ Strong OI in 2021 with in-year revenue conversion
Slide 16: 2021 Order Book
2021 ORDER BOOK ▪ Order book at year start at record high (+19% YoY) ▪ Order book grows over time following: ▪ High order intake in 2021 ▪ Increase in SLA coverage (recurring revenues) ▪ Significant increase of long-term order book ST (Short Term)=Year + 1 LT (Long Term)=Year + 2 and following
Slide 17: Reminder: Market Pillar Definitions
REMINDER MARKET PILLAR DEFINITIONS LIVE AUDIENCE BUSINESS (LAB) Revenue from customers leveraging Broadcasters, Stadium, House of Worship, Corporate Media EVS products and solutions to create Centers, Sports organizations, Government & institutions, content for their own purpose University & College
Slide 18: 2021 Revenue by Market Pillars
2021 REVENUE BY MARKET PILLARS % of Sales 2019 2020 2021 MLive Service Provider tm Live Audience Business Big events rentals Mio€ Mio€ Live Audience Business +28% 72,3 : 2019 Live Service Provider 49,7 2019 2020 30,2 2020 +72% 2021 51,8 2021 Accelerated growth in LAB market pillar thanks to attracti
Slide 19: 2021 Revenue by Region
2021 REVENUE BY REGION NALA 400 350-328 354 300 246 250 MEUR 290 150 100 50 09 — 2017 2018 2019 EMEA 709 600 564 50,0 46,5 ali 400 MEUR 300 209 100 2017 2018 2019 265 2020 410 2020 375 35 2021 MEUR APAC 31,6 276 23,1 18,9 193 2017 2018 2019 2020 2021 BER BA BS 23 13 13 2017 2018 2019 2020 2021 Large
Slide 20: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Record-high revenue performance growing +56% YoY In millions of EUR 2021 2020 Revenue 137,6 88,1 Solid gross margin at 69,6%, growing +3,1Pts, Cost of sales 41,8 29,6 positively impacted by Big Event Rentals. Gross Gross profit 95,8 58,6 margin performance in 2021 shows
Slide 21: FTE Count Evolution (End of Quarter)
FTE Count evolution (end of quarter) 600 550 500 450 547 550 543 542 552 551 532 400 508 497 480 482 493 492 479 477 468 457 460 464 455 350 300 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2017 2018 2019 2020 2021 • • •
Slide 22: Strong Balance Sheet
STRONG BALANCE SHEET NET CASH POSITION AT 54,9MIO€ 22 ASSETS (kEUR) [OA] [EQUITY AND LIABILITIESIEUR thousands) Non-current assets : Equity : Goodwill 2.832 2,832 0] |Capitat 8.772 8.72 | Other intangible assets 6.119 7.041 -928| |Translation differences 751 276] 475 Lands and buildings 52673 51.662
Slide 23: Operating Working Capital at 54,2 MEUR
23 / Operating working capital at 54,2 MEUR +14,4% in comparison to YE20 as a consequence of: — Higher inventories [+1,9Mio€] a pro-active measure to 70 INCREASE OF WORKING CAPITAL 136.5] | | = = is — Higher trade payables [+5Mio€) also a reflection of the 10 higher volumes in our business limit the
Slide 24: 2022 Financial Outlook
All company indicators are green to deliver success in 2022 2022 financial outlook • We start the year 2022 with the highest order book in the history of EVS at EUR 63,9 million (+19% YoY), of which: ➢ EUR 41,8 million to be recognized in revenue in 2022 (+34% YoY and excl Big Event Rentals) ➢ EUR 9
Slide 25: Dividend Proposal
• EVS proposes a base gross dividend for the year 2021 at EUR 1,00 share** • Next to that, EVS would like to honor its past dividend promises. After difficult market conditions in 2020, following the pandemic, EVS would like to grant an additional exceptional gross dividend: ✓ A first additional exc
Slide 26: Next Focus & Conclusions
NEXT FOCUS & CONCLUSIONS NEXT FOCUS - KEY ACTIVITIES FOR 2022 CONCLUSION
Slide 27: Next Focus - Key Activities for 2022
NEXT FOCUS - KEY ACTIVITIES FOR 2022 Deliver the large multi-years modernization projects that we have won Promote the benefits of the new solutions created in 2021 Continue to expand EVS solutions offering, organically, through acquisitions and strategic partnerships Prepare and deliver 2022 major
Slide 28: Conclusion
CONCLUSION Record high revenues & order book • Major summer events delivered successfully • Continuous – and even accelerated – growth in LAB market pillar • Catch-up and growth in LSP market pillar based on confirmed XT upgrades EVS evolution based on PLAYForward strategy continues as planned • Wit
Slide 29: Questions & Answers
QUESTIONS & ANSWERS
Slide 30: Thank You
THANK YOU To learn more about EVS go to www.evs.com Search for EVS Broadcast Equipment on ©2009 contact - corpcom(devs.com 30