Blackbird Plc · LSE:BIRD
Blackbird — H1 2020 Earnings Presentation
20 slides from Blackbird's earnings presentation, September 2020
Slide 1: Blackbird plc 2020 Interim results
1. Blackbird plc 2020 Interim results September 2020 Presentation team: Ian McDonough (CEO) Stephen White (COO/CFO)
Slide 2: Important Notice
2. Important Notice The information contained in this document (“Presentation”) has The views of the Company’s management/directors and/or its Neither the issue of this Presentation nor any part of its contents is to been prepared by Blackbird plc (the “Company”). The Company is a partners set out i
Slide 3: Who we are & what we do
3. Who we are & what we do Blackbird plc The developer and seller of AIM listed Blackbird® Market cap of c.£67million (1st September 2020) Blackbird® World-class, patented cloud video editing platform Rapid editing and distribution of video by anyone, anytime,anywhere Powering content creation freed
Slide 4: Executives and The Board
4. Executives The Board Ian McDonough, CEO Stephen White, CFO/COO Stephen Streater, R&D Director Former EVP of BBC Worldwide, Former VP Finance of NBC Universal, Former Managing Director of Eidos, SVP Managing Director, EMEA of Turner Head of FP&A BBC Worldwide Channels Blackbird Founder Executives
Slide 5: Video Is Exploding
5. Video Is Exploding One Billion 500 Million One Million 85% 82% users on YouTube people watch video minutes of video of consumers want of all internet traffic – one third of all content on Facebook content per second brands to produce is video internet users every day cross the internet more video
Slide 6: COVID-19 continues the rapid transition to flexible working
6. COVID-19 continues the rapid transition to flexible working
Slide 7: Blackbird Delivers…
7. Blackbird® Delivers… Speed to Market Scalability Quality Remote Editing Time = Money Browser based High quality output Edit anywhere, on low bandwidth
Slide 8: Strategic Direction
Strategic Direction Mau re aws © Google Cloud
Slide 9: 2020 Highlights – Infrastructure
9. 2020 Highlights – Infrastructure US-based Premier Leading esports giant Trailblazing The iconic Leading 24 Cable Network League sports and and developers new gaming U.S. National hour Arabic – doubled video football giants entertainment of League of platform Hockey news channel volume production
Slide 10: 2020 Highlights – OEM
10. 2020 Highlights – OEM U.S. digital news Leading live video Global live events Leading global digital service contracts broadcast specialist broadcast infrastructure provider Blackbird to deliver partners with specialist selects chooses Blackbird for content for 51 local Blackbird Blackbird for U
Slide 11: Financials: 2020 Sales acceleration
11. Financials: 2020 Sales acceleration Revenue Contracted but unrecognisedrevenue* 0.8 2.0 £millions 1.5 +54% 0.6 +49% £millions +27% 1.0 +86% 0.4 +19% 0.5 0.2 0.0 30th June 2018 30th June 2019 30th June 2020 0.0 Uninvoiced Contracted Revenue Deferred Income H1 ‘17 H1 ‘18 H1 ‘19 H1 ‘20 • 49% growth
Slide 12: Financials: Cash
12. 2020 Financials: Cash • H1 cash burn (excluding net funds from share issues) down 31% year on year to £0.85 million • Debt free • £7.2 million in bank at 30 June2020
Slide 13: 2020 Recognition
13. 2020 Recognition • Winner of TV Technology’s Best ofShow Digital Video Award2020 • Shortlisted for Technology Company of the Year2020 by The Small CapAwards • Shortlisted for European Readers’ Choice Award2020 by Streaming Media • Shortlisted for Best Digital Technology 2020 by The Sports Techno
Slide 14: 2020: industry comments
14. 2020: industry comments Blackbird is simply Blackbird has best-in-class Blackbird is awesome video technology state-of-the-art Scott Gillies, CTO, VENN Scott Gelb, COO, Riot Games Sunil Patel, CEO, Whisper Blackbird is Blackbird is the only Blackbird’s best-of-breed technology show in town momen
Slide 15: ESG focused
15. ESG focused Environmental Social Governance • Less travel • Enables operational • SOC2 Type 1 achieved • Less energy resilience for customers reflecting the importance we place on our customers’ security and data privacy • Supports flexible working • Less hardware and lifestyles • Adoption of QC
Slide 16: Conclusion
16. Conclusion • Well capitalised • Delivering on OEM strategy • Sales acceleration • Powering content creation freedom
Slide 17: Selected Customers
17. Selected Customers Infrastructure OEM
Slide 18: Appendix
18. Appendix
Slide 19: Appendix: Key financials
19. Appendix: Key financials 6 months 6 months YoY 12 months to 30 June 20 to 30 June 19 Change to 31 Dec 19 Unaudited £000's Unaudited £000's % Audited £000's Revenue 714 479 49% 1,078 Operating costs (1,359) (1,416) -4% (2,689) EBITDA (714) (1,017) -30% (1,772) Net Loss before tax (942) (1,189) -2
Slide 20: Relative Liquidity vs AIM average
20. Relative Liquidity vs AIM average • Value traded/Market Capitalisation = relative measure of liquidity • AIM market average of 2.3% over the two year period • BIackbird average of 3.7% and trend is upwards • (i.e. on average, each month Blackbird has traded a value equal to 3.7% of its market ca