Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — Q4 2016 Earnings Presentation
19 slides from Evs Broadcast Equipment Sa's earnings presentation, Feb 16, 2017
Slide 1: EVS Broadcast Equipment 4Q 2016 results
EVS Broadcast Equipment 4Q 2016 results February 16, 2017 Muriel DE LATHOUWER, Managing Director, CEO \ Yvan ABSIL, SVP, CFO — Geoffroy d’‘OULTREMONT, VP Investor Relations and Corporate Communication — www.evs.com EVE
Slide 2: Forward Looking Information
FORWARD LOOKING INFORMATION The statements made in this presentation that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical fact, which address EVS Group's [“EVS”, “the Group” or the “Company”) expe
Slide 3: Agenda
AGENDA [> 4Q 2016 and FY 2016 review ] >» Outlook » Annexes =V&S
Slide 4: Highlights
Highlights Uv ___—_————7_—/ | 130.8 118.5 Revenues: 130.8m€ +1.7% YoY (excluding big event rentals) ™@ Big events = Studio EBIT Margin: a = Mobile 46.2m€ (35.3%) 27.0 ™ Big events ™ Studio ™ Mobile aware 2016 =VS5 EPS: 2.43€ 2015
Slide 5: 2016 Revenue
2016 REVENUE +10.4% driven by big event rentals 160 ™@ Big events 140 m= Studio 137.9 129.1 131.4 130.8 00 @ Mobile 118.5 110.7 111.2 196.9 100 . 80 60 ; “0 28.0 27.0 29.9 oe ma 1 23.0 179 20 : 57. 2.0 50 e bad mo 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Slide 6: Quarterly revenue evolution
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2012 2013 2014 2015 2016
Slide 7: Quarterly trends 2013-2016
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2013 2014 2015 2016 2013 2014 2015 2016
Slide 8: Quarterly trends 2013-2016
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2013 2014 2015 2016 2013 2014 2015 2016
Slide 9: Annual trends 2012-2016
2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016
Slide 10: Tough comparison vs record 4Q15
4Q16 Tough comparison vs record 4Q15 In millions of EUR 4Q16 4Q15 REVENUE 27.0 42.9 Cost of sales (7.9) (11.1) Gross margin 19.1 31.7 Gross margin % 70.8% 74.0% S&A (6.5) (7.1) R&D (6.2) (6.6) EBIT 6.5 18.0 EBIT MARGIN 24.0% 42.1% Financial result 0.5 0.6 Taxes (2.1) (5.1) NET PROFIT 4.9 13.4 BASICS
Slide 11: Solid FY16, supported by product mix
FY16 Solid FY16, supported by product mix In millions of EUR FY16 FY15 REVENUE 130.8 118.5 Cost of sales (33.7) (34.3) Gross margin 97.2 84.2 Gross margin % 74.3% 71.1% S&A (27.5) (26.6) R&D (23.7) (24.5) Other income 1.2 0.3 EBIT 46.2 32.7 EBIT MARGIN 35.3% 27.6% Financial result (0.4) 0.7 Taxes (1
Slide 12: FTE Evolution
12 FTE EVOLUTION 481 FTE at the end of 2016 i rr” D -4 FTE vs 31/12/2015 D Average 483 FTE in FY16 [-1.2% vs FY15) D Around 15 open positions as of January 31 Headcount evolution (FTE) 550 512 500 450 Headcount 12/2016 (FTE) 400 350 R&D 300 =V&S
Slide 13: Strong Balance Sheet
STRONG BALANCE SHEET EUR 53.2 million cash In millions of EUR Dec. 2016 Dec. 2015 ASSETS Goodwill and intangibles 1.5 1.5 Lands and buildings 46.8 48.1 Investments at equity 1.0 0.9 Inventories 13.5 15.6 Receivables 24.9 34.7 Cash 53.2 22.6 Assets held for sale 4.0 5.1 Deferred tax assets 41 - Other
Slide 14: Agenda
14 AGENDA D 4Q 2016 and FY 2016 review [> Outlook ] » Annexes =V&S
Slide 15: Outlook - Order book at February 15, 2017: EUR 36.2 million
OUTLOOK - ORDER BOOK AT FEBRUARY 15, 2017: EUR 36.2 MILLION -15.4% excl. big event rentals Around 70% of the order book is expected to be booked in revenue in 1Q17 Includes EUR 1.1 million rentals for big events For 2018 and beyond: EUR 17.6 million ~ Include 2018 portion of NEP contract ~ Include E
Slide 16: Outlook: 2017 guidance
16 OUTLOOK 2017 guidance >» For 2017, there are no major big event planned > At this stage, our visibility on the top-line is, a usual, low >» We forecast a moderate increase of our operating expenses to sustain our efforts in innovation and new product developments =V&S
Slide 17: Agenda
7 AGENDA D 4Q 2016 and FY 2016 review >» Outlook [> Annexes ] =V&S
Slide 18: Corporate Calendar
18 CORPORATE CALENDAR >» Thursday May 11, 2017: 1Q17 results >» Tuesday May 16, 2017: Ordinary General Meeting >» Thursday August 31, 2017: 2Q17 results >» Thursday November 16, 2017: 3Q17 results =V&S
Slide 19: Geoffroy d'Oultremont
Geoffroy d’Oultremont VP Investor Relations & Corporate Communications Corpcom [a] evs.com Tel: +32 4 361 70 13
EVS Broadcast Equipment — Q4 2016 Earnings Presentation on 6ix