Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — H1 2021 Earnings Presentation
32 slides from Evs Broadcast Equipment Sa's earnings presentation, Aug 24, 2021
Slide 1: EVS Broadcast Equipment – 2021/H1 Results
EVS BROADCAST EQUIPMENT – 2021/H1 RESULTS August 24th, 2021 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: Agenda
Business Update Financial Update Outlook Conclusions Questions & Answers
Slide 4: 2021 H1 Highlights: Preparing to Deliver Strong Results in 21
2021 H1 HIGHLIGHTS PREPARING TO DELIVER STRONG RESULTS IN 2021 REVENUES EBIT EOH1 ORDER BOOK EOY NET CASH ▪ 20/H1 : 39.6MEUR ▪ 20/H1 : 3.3MEUR ▪ 20/H1 : 45.8MEUR ▪ 20/H1 : 33.5MEUR ▪ 21/H1 : 61.8MEUR (+56%) ▪ 21/H1 : 15.4MEUR (+368%) ▪ 21/H1 : 67.8MEUR (+48%) ▪ 21/H1 : 41.8MEUR (+25%) TOWARDS A NEW
Slide 5: 2021/H1 Financial Highlights
2021/H1 FINANCIAL HIGHLIGHTS LAST 5 YEARS RECORD REVENUE & PROFIT 2021 Revenue: EUR 61.8 million (+52.9% YoY excluding big events rentals and at constant cy) • Accelerated growth in LAB (+39.1%) and in LSP (+62.8%) market pillars • Back-orders end of 2020 • Big Events Healthy Profitability • Gross m
Slide 6: Europe Wide Tournament and Major Multi-Sports Event in Asia
EUROPE WIDE TOURNAMENT IN 2021 FOR LEADING SPORT FEDERATION • • • MAJOR 2021 MULTI-SPORTS EVENT IN ASIA • • • •
Slide 7: Continuous, Accelerated Growth in LAB Market Pillar
2021/H1 – CONTINUOUS – EVEN ACCELERATED - GROWTH IN LAB MARKET PILLAR LSP CUSTOMERS CATCHING UP INVESTMENTS AND COMMITTING TO UPGRADES ▪ LSPs catching up to prepare for the summer events ▪ LSPs having mid-term upgrade plan for a significant part of their inventory Deployment of existing contracts an
Slide 8: Last Months Evolutions & Actions Contributing to EVS Evolution Journey
LAST 12 MONTHS EVOLUTIONS & ACTIONS CONTRIBUTING TO EVS EVOLUTION JOURNEY ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 9: Combining Products to Create the Perfect Solutions
COMBINING PRODUCTS TO CREATE THE PERFECT SOLUTIONS =V5S r LiveCeption Media@eption Live production, replays and Product asset management Routing and infrastructure highlights solutions that solutions for fast and easy solutions to content turnaround + Faster integration thanks to workflows integrate
Slide 10: New Technologies (IP, AI, Cloud) Enabling New Solutions
NEW TECHNOLOGIES (IP, AI, CLOUD) ENABLING NEW SOLUTIONS DELIVERING KEY VALUE TO CUSTOMERS
Slide 11: New Channel Partner Program in Place
NEW CHANNEL PARTNER PROGRAM IN PLACE
Slide 12: 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 EVS Webinar Studio … based on EVS equipment
Slide 13: Back to the Office
BACK TO THE OFFICE In HQ, « back to the office » scheduled in September • Ratios of vaccination in Belgium are among the best in the world • Our staff is in the starting blocks to come back a few days a week While leveraging all the experience acquired during last 18 months To achieve higher product
Slide 14: EVS Financial Update
EVS FINANCIAL UPDATE 2021/H1 FINANCIAL HIGHLIGHTS 2021/H1 REVENUES GEOGRAPHICAL SPLIT REVENUE DESTINATION SPLIT CONSOLIDATED INCOME STATEMENT TEAM MEMBERS STRONG BALANCE SHEET
Slide 15: 2021/H1 Financial Highlights
2021/H1 FINANCIAL HIGHLIGHTS LAST 5 YEARS RECORD REVENUE & NET PROFIT 2021 Revenue: EUR 61.8 million (+52.9% YoY excluding big events rentals and at constant cy) • Accelerated growth in LAB (+39.1%) and in LSP (+62.8%) market pillars • Back-orders end of 2020 • Big Events Healthy Profitability • Gro
Slide 16: 2021/H1 Revenue
2021/H1 REVENUE WW Revenue per year, per semester ▪ Best H1 revenue of the last 5 years 140,0 120,0 ▪ Thanks to back-orders end of 2020, Big Events rentals and Axon revenue 100,0 ▪ Guidance being increased by 80,0 72,0 MEUR 62,4 5MEUR and expected to land 48,5 60,0 between 115MEUR and 125MEUR 40,0 6
Slide 17: 2021 Order Book
2021 ORDER BOOK ▪ Order book increases with time due to following reasons: ▪ LAB projects spread on several years ▪ More recurrent revenues (OPEX & SLA) ▪ Significant increase of long-term order book ST (Short Term)= 2H21 LT (Long Term)=Year + 1 and following
Slide 18: 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 19: 1H 2021 Revenue by Market Pillars
1H 2021 REVENUE BY MARKET PILLARS % of Sales s 1H19 1H 20 1H 21 BLive Service Provider ™ Live Audience Business Big events rentals 30 Live Audience Business 30,6 22,0 19,6 1H 19 1H 20 1H 21 Live Service Provider 26,7 20,8 1H19 1H 20 1H 21 Accelerated growth in LAB market pillar thanks to attractive
Slide 20: Revenue by Region: NALA, APAC, EMEA, BER
NALA APAC 20,0 12,0 10,6 15,8 9,4 10,0 8,7 15,0 13,4 12,9 8,0 7,4 MEUR MEUR 9,2 10,0 6,0 4,0 5,0 2,0 - - 1H 18 1H 19 1H 20 1H 21 1H 18 1H 19 1H 20 1H 21 EMEA BER* 35,0 32,1 10,0 8,1 30,0 8,0 25,0 18,3 18,2 6,0 MEUR MEUR 20,0 16,2 4,5 15,0 4,0 10,0 2,0 1,1 5,0 0,6 - - 1H 18 1H 19 1H 20 1H 21 1H 18 1H
Slide 21: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Revenue: +56% YoY In millions of EUR 1H 2021 1H 2020 Gross margin: 68.9% due to lower gross margin REVENUE 61.8 39.6 on MediaInfra (ex Axon) products and increase of remuneration costs in Operational Costs. Cost of sales -19.2 -12.6 Gross profit 42.6 27.0 Gross margin 6
Slide 22: FTE Count Evolution (End of Quarter)
FTE Count evolution (end of quarter) 600,0 550,0 500,0 450,0 532 547 550 543 542 400,0 493 508 497 492 480 479 482 477 468 464 457 460 455 350,0 300,0 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 23: Balance Sheet: Assets
ASSETS 6/2021 12/2020 6/2021 vs. Lands and buildings: -1,2MEUR links to the depreciations of (EUR thousands) 12/2020 contracts (IFRS16) & depreciations on buildings & equipment Non-current assets : Other long term amounts receivables: +1,2M€ Increase of Goodwill 2.832 2.832 0 non-current finance lea
Slide 24: Balance Sheet: Equity and Liabilities
6/2021 12/2020 6/2021 vs. Increase of the reserves explained by the difference between 12/2020 the result of the period and the dividend paid Equity : Capital 8.772 8.772 0 Deferred tax liabilities : -1.4 MEUR of which -1,2MEUR for Reserves 158.267 149.308 8.958 netting with Deferred tax assets Inte
Slide 25: Increase of Working Capital
25 INCREASE OF WORKING CAPITAL 60 * / Increase of Operating working capital: 54,2 MEUR [35.3] » v0 © | =a} =a) +15,3% VS 1Q 21: «Inventories : -2,1 MEUR * Trade receivables : +9,3 MEUR (Sales Volume increase * Trade payables : stable +9,5% VS 1H 20: «Inventories : -2,8 MEUR Ls] || ~ 3/2020 6/2020 9/
Slide 26: Outlook & Guidance 2021
OUTLOOK OUTLOOK & GUIDANCE 2021
Slide 27: Revenue Guidance Increased to EUR 115-125 Million
Considering: • that the conditions initially defined (pandemic under control and major summer events happening) for previous revenue guidance are met • the H1 revenues and current order book The revenue guidance provided during Q2 trading update is increased of 5.0MEUR with revenues currently expect
Slide 28: Next Focus & Conclusions
NEXT FOCUS & CONCLUSIONS NEXT FOCUS - KEY ACTIVITIES FOR 2021 CONCLUSION
Slide 29: Next Focus - Key Activities for 2021/H2
NEXT FOCUS - KEY ACTIVITIES FOR 2021/H2 Deliver the large multi-years modernization projects that we have won Support our customers in their challenges and help them to recover in a better shape Continue to expand EVS solutions offering, organically, through acquisitions and strategic partnerships P
Slide 30: Conclusion
CONCLUSION Best H1 revenues and profit of the last 5 years • Major summer events delivered successfully • Continuous – and even accelerated – growth in LAB market pillar • Catch-up and mid-term commitments in LSP market pillar Strong order book EVS evolution based on PLAYForward strategy continues a
Slide 31: Questions & Answers
QUESTIONS & ANSWERS
Slide 32: 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 32
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