Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — FY2022 Earnings Presentation
40 slides from Evs Broadcast Equipment Sa's earnings presentation, Feb 17, 2023
Slide 1: EVS Broadcast Equipment 2022/FY results
EVS Broadcast Equipment 2022/FY results February 17th, 2023 Corporate communication 2022 FY Results Feb 17th, 2023
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: 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 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: 2022 FY corporate highlights
2022 FY corporate highlights Progress on our PLAYForward strategy Market & customers Corporate topics ▪ Growth of revenues & order intake ▪ EVA as the new ERP ▪ Big Tech contract 22 ▪ Focus on ESG ▪ Successful big events ▪ Cost increase due to inflation and post-Covid/new ▪ Price increase normal spe
Slide 6: 2022 financial highlights
2022 FINANCIAL highlights Record Order Intake & Revenue, accompanied by a strong net profit 2022 Order Intake EUR 218,8 million (+46,5% YoY) 2022 Revenue EUR 148,2 million (+7,7% YoY) Net profit EUR 31,3 million (-10,2%) Team members 613 FTE at EOY (+62FTE) 2022 FY Results Feb 17th, 2023
Slide 7: Our 2030 target
2030 TARGET OUR BECOME THE PROVIDER IN 2022 FY Results Feb 17th, 2023
Slide 8: Last 12 months evolutions & actions contributing to EVS evolution journey
last 12 months evolutions & actions contributing to EVS EVOLUTION JOURNEY ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 2022 FY Results Feb 17th, 2023 ✓
Slide 9: EVS active to solve the problems faced by our customers
EVS active to solve the problems faced by our customers IP networking & content delivery Multi-platform content delivery (OTT, web, mobile…) 4K/UHD Remote production (REMI) Improvements in video compression efficiency Move to automated workflows Cloud computing / Virtualization Artificial intelligen
Slide 10: EVS business is linked to volume of premium live productions
EVS business is linked to volume of premium live productions, more than to broadcaster’s revenues Global value of Media Rights 2018 to 2025 ($M) 65 61 Whatever the way live content is distributed, 60 Whatever the business model, 54 55 Whatever the business player, 51 the value of live content only i
Slide 11: BIG TECH Contract 22
BIG TECH Contract 22 • “Big tech’s move into live sports has sparked a chain reaction in the broadcast industry, where broadcasters and live service providers are looking to expand their production capacity while investing in future-proof technology.” Serge Van Herck • Big Tech contract 22 is · A 10
Slide 12: Several 2022 iconic contracts confirming EVS as a trusted partner
Several 2022 iconic contracts confirming EVS as a trusted partner in broadcast transformation journey MediaInfra Strada FCR LiveCeption LiveCeption Fox Sports US RTBF - BE Alamiya - Saudi TV2 – NEP - DMC - Norway LiveCeption & MediaCeption MediaInfra LiveCeption LiveCeption Pro-Sieben - DE CanalPlus
Slide 13: Combining products to create the perfect solutions
Combining products to create the perfect solutions LiveCeption MediaCeption MediaInfra Live production, replays and Production asset Routing and infrastructure highlights solutions that management solutions for solutions to control and elevate the fan experience fast and easy content process all med
Slide 14: Our answer to cloud is Balanced computing
Our answer to cloud is “Balanced computing” Increase in partial SaaS & OPEX business Trends away from Cloud deployments models Cloud 2022 FY Partner Channel Results Kick off Feb 17th,2023 2023
Slide 15: EVS contributions to the industry & society recognized through 2022 awards
EVS contributions to the industry & society again recognized through several 2022 awards Prix Diffusion & Distribution 2022 FY Results Feb 17th, 2023
Slide 16: 2022 successes confirm that AXON was a success
2022 successes confirms that AXON was: ▪ ▪ ▪ Higher revenues ▪ Higher contribution to EBIT ▪ Multi-million contracts ▪ Deployment in US ▪ MI inside the live workflows of big events 2022 FY Results Feb 17th, 2023
Slide 17: From opportunistic to sustainable partnership bears first fruits
The transition « from opportunistic to sustainable partnership » bears first fruits, especially in US, especially with Media Infrastructure 2022 FY Results Feb 17th, 2023
Slide 18: Powering the world's biggest live sporting events
Powering the world’s biggest live sporting events 2022 2022 FY Results Feb 17th, 2023
Slide 19: Feedback
Feedback • Clients very happy to be back on tradeshows - Large attendance from EMEA clients and Channel partners • Industry is positive, loads of projects discussed, very healthy pipeline • MI, the cloud recording & MediaHub were the stars of the booth • Balanced computing concept well accepted - Cl
Slide 20: Main risks: scarcity of electronic components & salary inflation
MAIN RISKS Scarcity of electronic components & Salary INFLATION ▪ ▪ ▪ ▪ 2022 FY Results Feb 17th, 2023
Slide 21: EVS Leadership team
EVS Leadership team Veerle De Wit Serge Van Herck Nicolas Bourdon Quentin Grutman Chief Financial Officer Chief Executive Officer Chief Marketing Officer Chief Customer Officer Xavier Orri Pierre Matelart Alex Redfern EVP Operations & Projects Chief People Officer Chief Technology Officer 2022 FY Re
Slide 22: Engagement Survey 2022 Summary
Engagement Survey – 2022 – Summary High Response Rate > 80% EVS is a Great Place to Work 91% (+2%) Trust Index (5 dimensions) 81% (+5%) Increase on all dimensions 2022 FY Results Feb 17th, 2023
Slide 23: Onboarding & Efficiency
Team size increase enabling future growth ! Onboarding & Efficiency We expect our team to stay at the same size until the end of 2023 The team is there and ready – we are aligning the magnets to increase the efficiency… ensure business priorities … and value creation 2022 FY Results Feb 17th, 2023
Slide 24: ESG | Drivers for long term sustainability
ESG| Drivers for long term sustainability • Customers’ carbon emissions • Using more efficient technologies and languages • Responsibly sourced components, products and services • Wellbeing of team members including education/training • Optimal governance Environmental 2022 FY Results Feb 17th, 2023
Slide 25: Focus on ESG
Focus on ESG We practice and demonstrate our commitment to our team members, our communities, and the environment every day, through practical & engaging initiatives that truly make an impact. Investments in renewable Targeted initiatives in sport, Actively engaged in over A caring company energy so
Slide 26: 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 27: FY22 Topline performance
FY22| Topline performance Order intake Revenue Order book 218,8M (+46,5%) 148,2M (+7,7%) 141,8M (+121,9%) Strong order intake across all regions Growth despite reduced Big Event Rental ST and LT order book demonstrating revenue and despite higher delivery strong growth Excluding Big Tech 2022, growt
Slide 28: FY22 Revenue analysis
FY22| Revenue analysis • Acceleration of upgrade cycle in LSP • Acceleration of growth in NALA • LAB market performance targeting long-term growth. Market is more • Strong performance of EMEA project prone: order book for 2023 at 42,3M • APAC performance still impacted by COVID in the region 2022 FY
Slide 29: FY22 Profitability
FY22| Profitability Gross Margin Operating Expenses* EBIT 66,7% (-2,9Pts) 67,1M (+14,3%) 31,7€ (-14,5%) Elements influencing gross margin: Growth in operating expenses EBIT performance impacted by • Investments in support and operations influenced by: reduced gross margin performance team members (-
Slide 30: FY22 Financial structure
FY22| Financial structure EPS* Net Working Capital Trade Receivable 2,29EUR (-10,8%) 81,2M (+26,9M) 61,7€ (+22,7M) EPS performance strong following: NWC needs increased throughout Trade receivables evolve in line with • Pro-active cash management and 2022 following: overall sales. exchange rate mana
Slide 31: Intangible assets (IAS38)
Intangible assets (IAS38) In 2022, EVS launched the internal development of 2 internal projects. These stand alone projects are planned to considerably contribute to the growth of the company as of 2024. 2022 Actuals 2023 Foreseen IAS 38 – 2 projects 7,5M 6,2M • The developments are followed on a re
Slide 32: 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 33: Outlook & guidance 2023
Outlook & guidance 2023 2023 financial outlook • We start the year 2023 with the highest order book in the history of EVS at EUR 141,8 million (+122% YoY), of which: ➢ EUR 85,9 million to be recognized in revenue in 2023 (+68% YoY) ➢ EUR 55,8 million is reserved for the years beyond 2023 (+333% YoY)
Slide 34: Dividend proposal
Dividend proposal • EVS proposes an overall dividend for the year 2022 at EUR 1,60 share**. • This proposal for 2022 consists of: • A base gross dividend of EUR 1,10 per share • An exceptional gross dividend of EUR 0,50 EUR per share This proposal is in line with the dividend policy issued early 202
Slide 35: 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 36: Key Learnings
6 Key Learnings The industry keeps on Big tech provider are Infra is the cornerstone consolidating on the place of big changes Business models Cloud is just EVS are shifting one of the enablers is on a good track 2022 FY Results Feb 17th, 2023
Slide 37: Next focus - key activities for 2023
NEXT FOCUS - KEY ACTIVITIES FOR 2023 Deliver the large multi-years modernization projects that we have won Help our customers still using previous versions of XT replay servers to transition before the end of support. Leverage the new solutions to win more deals in 2023 Continue to expand EVS soluti
Slide 38: Conclusion
Conclusion EVS PLAYForward strategy is definitely bearing fruits No further investments are planned in our cost structure and focus in 2023 will be on cost control. Revenue guidance for the year 2023 is between 145 and 155 million EUR revenues Targeted dividend at 1.60EUR for year 2022 ** ** subject
Slide 39: Questions & Answers
Questions & Answers 2022 Master Slide FY Results title Feb 17th, 2023 2022
Slide 40: Thank you!
Thank you! → evs.com 2022 FY Results Feb 17th, 2023
EVS Broadcast Equipment — FY2022 Earnings Presentation on 6ix