Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — FY2023 Earnings Presentation
39 slides from Evs Broadcast Equipment Sa's earnings presentation, Feb 23, 2024
Slide 1: EVS Broadcast Equipment 2023 Full Year Results
EVS Broadcast Equipment 2023 Full Year Results February 23rd, 2024 Corporate communication 2023 FY Results Feb 23rd, 2024
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: 2023 results: profitable and sustainable growth confirmed
2023 results: profitable and sustainable growth confirmed 173 148 138 138 131 131 129 119 119 116 111 111 107 103 95 88 85 77 50 52 37 39 35 36 22 20 10 5 2 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 202
Slide 6: 2023 FY corporate highlights
2023 FY corporate highlights On our way to our BHAG Market & customers Corporate topics + Growth of revenue and order book + ESG as part of our DNA + EVS will be running Big Events 2024 + Engagement survey confirms EVS as a great place to work + Channels as key partners for a win-win growth + Axon a
Slide 7: Financial 2023 performance
Financial 2023 performance: New revenue high accompanied by strong net profit ORDER BOOK REVENUE NET PROFIT FTE 153,2Mio€ 173,2Mio€ 36,9Mio€ 622FTE +12,9% +16,9% +17,9% +1,5% 2023 FY Results Feb 23rd, 2024
Slide 8: Our 2030 target
2030 TARGET OUR BECOME THE PROVIDER IN 2023 FY Results Feb 23rd, 2024
Slide 9: Live content value keeps increasing
Live content value keeps increasing Whatever the business player, whatever the way audience brings value, (TV, Telco, BigTech) delivering the content the value of live content only increases! Following Big Tech investment in US sports rights, EVS won the “Big Tech contract 22”: ▪ A 10 years 50MUSD+
Slide 10: Our answer to cloud is Balanced computing
Our answer to cloud is “Balanced computing” Increase in partial SaaS & OPEX business Hype of cloud is over Cloud deployments models 2023 FY Partner Channel Results Kick off Feb 23rd, 2023 2024
Slide 11: Corporate strategy
Corporate strategy 2015 2023 2028 From replay centric Optimized media Live production leading products leading solutions ECOSYSTEM in premium market in multi-tier markets CAPEX only More OPEX & On-demand Mainly in OBVans Growing in broadcast centers EVS Hardware + EVS Software + EVS SAAS Mainly spor
Slide 12: Combining products to create an ecosystem
Combining products to create an ecosystem 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 media workfl
Slide 13: Media Asset Platform
Core Engine: Smart ingest and Data Engine: Data generation playout, import and export, and management, AI assistance search/browse and automation processes M edia A sset Gate Engine: Range of API allowing the management and monetization P latform 2023 FY Results Feb 23rd, 2024 through third-party so
Slide 14: Towards an ecosystem
Towards an ecosystem At IBC, EVS announced VIA Media Asset Platform (MAP), which enables cross-leveraging between LiveCeption & MediaCeption. LiveCeption MediaCeption VIA MAP embraces more AI than ever in the workflows for seamless assisted and/or automated content tagging, selection, suggestion, se
Slide 15: Several 2023 iconic contracts and initiatives
Several 2023 iconic contracts & initiatives confirming EVS as a trusted & innovating partner in broadcast transformation journey MediaCeption Videocraft LiveCeption Oman TV Australia Cloudbass - UK Hosting of SportTech Belgium Centralized 5G-based Production 2023 FY Results Feb 23rd, 2024 Live Theat
Slide 16: EVS contributions recognized through 2023 awards
EVS contributions to the industry & society again recognized through several 2023 awards Certified by FIFA for VAR 2023 FY Results Feb 23rd, 2024
Slide 17: EVS Shows Largest NPS Growth Over Last 3 Years
EVS Shows Largest NPS Growth Over Last 3 Years Average NPS across peers 2021 ~14 2022 ~18 2023 ~20 Delta NPS (in %pts, ~6 ’21-’23) EVS COMPETITORS 2023 FY Results Feb 23rd, 2024
Slide 18: 2023 successes confirm Axon acquisition
2023 successes confirms that AXON was: ▪ ▪ ▪ Best revenues ever ▪ Higher contribution to EBIT ▪ Multi-million contracts ▪ Deployment in US ▪ MI inside the live workflows of big events 2023 FY Results Feb 23rd, 2024
Slide 19: From opportunistic to sustainable partnership
The transition « from opportunistic to sustainable partnership » continues to bear fruits, especially in US, especially with Media Infrastructure 2023 FY Results Feb 23rd, 2024
Slide 20: Market conditions - Feedback
Market conditions - Feedback • Large attendance from EMEA clients and particularly increased attendance of Channel partners • Industry is positive, loads of projects discussed, healthy pipeline • MI and AI were the stars of the booth • Balanced computing concept well accepted - Clients do not see a
Slide 21: Main risks
MAIN RISKS Scarcity of electronic components & Salary INFLATION ▪ ▪ ▪ ▪ ▪ 2023 FY Results Feb 23rd, 2024
Slide 22: 2023 Engagement Survey
2023 Engagement Survey Increase or stability in all dimensions High Response Rate – 90% (+10%) EVS is A Great Place To Work – 91% Trust Index (5 dimensions) – 82% (+1%) 2023 FY Results Feb 23rd, 2024
Slide 23: Sustainable Value Creation
Sustainable Value Creation ESG Risk Rating Achievements 2023: Focus items 2024: • New double materiality matrix defined (renewal every 2 years) with • New carbon emission exercise no major deviations compared to initial exercise • Preparation of CSRD requirements • Ambitions for 2023 have been defin
Slide 24: 2023 FY Results Feb 23rd, 2024
2023 FY Results Feb 23rd, 2024
Slide 25: 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 26: FY23 Topline performance
FY23| Topline performance Order intake Revenue Order book 173,2 218,8 148,2 49,7 137,6 88,1 192,9 169,1 149,3 103,4 2020 2021 2022 2023 2020 2021 2022 2023 192,9M 173,2M 153,2M -11,8% YoY; +14,1% excl BigTech +16,9% YoY +8.0% YoY Strong order intake across all regions Growth despite absence of Big E
Slide 27: FY23 Revenue analysis
FY23| Revenue analysis 2021 : 137Mio€ 2022 : 148Mio€ 2023 : 173Mio€ APAC 30 BER 10 BER 10 BER 14 BER 14 APAC 19 LAB 90 NALA APAC 23 56 LAB 71 NALA 51 LAB 72 NALA 38 EMEA EMEA LSP 83 87 EMEA 64 LSP 67 LSP 52 68 1 Proofpoints of our strategy in action: ✓ Expanding our footprint with LAB customers (gen
Slide 28: FY23 Profitability
FY23| Profitability Gross Margin Operating Expenses* EBIT 41,1 37,1 31,7 79,5 67,1 58,7 52,9 5,6 2020 2021 2022 2023 2020 2021 2022 2023 69,6% 79,5M (+18,4%) 41,1€ +2,9Pts YoY +29,8% Elements influencing gross margin: Controlled growth in operating expenses EBIT performance outgrowing revenue • +0,6
Slide 29: FY23 Financial structure
FY23| Financial structure EPS* Net Working Capital Trade Receivable 89,6 145 2,57 2,65 142 78,4 DSO 127 2,29 103 54,4 47,5 67,2 58,9 38,9 0,53 30,7 2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023 2,65 EUR (+15,7%) 89,6M (+11,2M) 67,2M (+8,3M) NWC increased throughout 2023 Strong EPS perf
Slide 30: Intangible assets (IAS38)
Intangible assets (IAS38) Total intangible assets created in 2022 & 2023 worth 12,2Mio€ (linked to 2 projects) Announcement of VIA Map in September 2023 ended the creation of new intangible assets in 4Q23 and depreciation started. Quarterly depreciation is now scheduled over a 5-year period at 0,5Mi
Slide 31: 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 32: Outlook & guidance 2024
Outlook & guidance 2024 2024 financial outlook • The important order intake of 2023 has considerably fueled the order book to be delivered in future periods. The total order book at the end of 2023 is of EUR 153.2 million, growing 12.9% compared to the same period last year. • The order book reserve
Slide 33: Dividend proposal
Dividend proposal • EVS proposes an overall dividend for the year 2023 at EUR 1,10 per share*. This proposal is in line with the dividend policy issued early 2022 for the years 2022-2024. In € per share per fiscal year 2022 2023 2024 Base dividend 1,10 1,10 1,10 Exceptional additional dividend 0,50
Slide 34: 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 35: 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 2023 FY Results Feb 23rd, 2024
Slide 36: Next focus - key activities for 2024
NEXT FOCUS - KEY ACTIVITIES FOR 2024 Consolidate Further Grow in Selectively Double Down in Leadership On MediaCeption & Develop North America LiveCeption MediaInfra Adjacencies 2023 FY Results Feb 23rd, 2024
Slide 37: Conclusion
CONCLUSION • EVS PLAYForward strategy is definitely bearing fruits: we start to see tangible proof points that our strategy is working. • For 2024, we expect controlled investments in our cost structure as to fuel projected growth, though our focus on profitability will remain important throughout 2
Slide 38: Questions & Answers
Questions & Answers 2023 Master Slide FY Results title Feb 23rd, 2024 2022
Slide 39: Thank you!
Thank you! → evs.com 2023 FY Results Feb 23rd, 2024
EVS Broadcast Equipment — FY2023 Earnings Presentation on 6ix