Verimatrix Sa · EURONEXT:VMX
Verimatrix Sa — Q1 2024 Earnings Presentation
15 slides from Verimatrix Sa's earnings presentation, April 2024
Slide 1: Investors Presentation: 2024 First Quarter Revenue
INVESTORS PRESENTATION 2024 FIRST QUARTER REVENUE April 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 speakers today
Your speakers today Amedeo D’Angelo Jean-François Labadie Executive Chairman CFO Copyright © 2024 Verimatrix. All Rights Reserved. 3
Slide 4: Q1 2024 - Highlights
4 Q1 2024 - HIGHLIGHTS o Total revenue: $14.2m +1% above last year o Strong SaaS/Subscriptions activity with notable wins in Latin America o ARR subscriptions grew by $1.7m this quarter only, to reach $16.5m becoming the highest revenue component of Verimatrix o Subscription revenue grew by 31% comp
Slide 5: Innovative security solutions
Innovative security solutions EXTENDED THREAT ANTI PIRACY DEFENSE (XTD) 93% of turnover 2023 7% of turnover 2023 Protect valuable contents Protect Apps and IoT Protecting content for Streaming Media, Extended threat defense software from the devices Pay TV, Telcos and Broadcasting to the enterprise
Slide 6: Applications Drive the Digital Economy
6 Applications Drive the Digital Economy “An estimated 70% of new value created in the economy over the next decade will be based on digitally enabled business models.” – World Economic Forum, 2023 Web Mobile IoT Entertainment At Verimatrix, we protect the applications that drive the digital economy
Slide 7: XTD continuously assesses application risk
7 XTD continuously assesses application risk XTD Device/OS AI/ML Risk Vulnerability Engine Database “Something is wrong with the device” App Security App Orchestrator Telemetry Data High-risk Verimatrix XTD Device “This is not a real device” “This App has been “Everything tampered with” is OK” Allow
Slide 8: Building off positions in Financials and Telcos, entering emerging segments
8 We are building off our existing positions in Financials and Telcos while executing into emerging segments with increasing adoption of app shielding Financials Telcos Emerging • Banks and payment processors • Expansion opportunity from VMX • Automotive, healthcare and retail anti-piracy business •
Slide 9: Recent notable wins in the target verticals
9 Recent notable wins in the target verticals VM needed to protect highly Security testing revealed Experienced a data breach. Customer sensitive financial transactions vulnerabilities in Caremark iOS Contacted VMX via web site. problem and comply with European application. banking regulations. Our
Slide 10: Q1 2024 Revenue
Q1 2024 Revenue (in US$ million) 1Q24 1Q23 Var % COMMENTS Recurring revenue 8.5 7.5 +14% of which subscriptions 4.2 3.2 +31% • Recurring revenue at $8.5M +14% and 60% of of which maintenance 4.3 4.2 +2% total revenue Non-recurring revenue 5.7 6.5 -13% • Non-recurring revenue at $5.7M -13% Total reve
Slide 11: Annual Recurring Revenue trend from subscriptions
Annual Recurring Revenue trend from subscriptions Q1 2024 SUBSCRIPTIONS ARR +34% YOY, +11% QOQ In $M 18,0 16,5 16,0 14,8 13,9 14,0 13,4 12,3 12,0 11,1 10,0 9,0 7,8 8,0 8,0 6,0 4,0 2,0 0,0 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Copyright © 2024 Verimatrix. All Rights Reserved. 11
Slide 12: 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 Copyright © 2024 Verimatrix. All Rights
Slide 13: Why to invest?
Why to invest? Innovative technology Dynamic markets company in cybersecurity Transformation Extended Threat is delivering Defense Improving profitability Anti-Piracy Supportive and confident shareholders 13
Slide 14: 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) €0.417 MARKET CAPITALISATION €35.7m OEP Inside B.V. INDICES CAC All Share, CAC All Tradable, CAC Mid & Small, CAC 28,8% Small, CAC Technology, Enternext PEA-PME
Slide 15: Investor Information
INVESTOR INFORMATION Investor relations CFO finance@verimatrix.com SEITOSEI.ACTIFIN Mathilde Guillemot-Costes mathilde.guillemot@seitosei-actifin.com Financial press SEITOSEI.ACTIFIN Michael Scholze michael.scholze@seitosei-actifin.com Visit: https://investors.verimatrix.com/