Slide 1: Blackbird plc 2019 results presentation
Blackbird plc 2019 results presentation April 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 Blackbird® AIM listed, market cap of c.£40m (21/4/2020) Blackbird® World-class, patented cloud video platform Rapid editing and distribution of video by anyone, anytime,anywhere
Slide 4: Executives
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 has accelerated the move towards flexible working
6. COVID-19 has accelerated the move towards 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
8. Strategic Direction
Slide 9: 2019 Highlights – Infrastructure
9. 2019 Highlights – Infrastructure Global fitness Australia’s US-based US Department Global OTT World leading provider National Rugby Cable Network of State Global sports content financial news League Public Affairs provider service department
Slide 10: 2019 Highlights – OEM
10. 2019 Highlights – OEM U.K. post production U.S. digital news Global sports and Global sports rights reseller program service provider entertainment and distribution technology provider provider
Slide 11: 2019 Highlights – Cloud
11. 2019 Highlights – Cloud Co-Sell ready partner and Partner in Media and Major clients deploying preferred solution for NFL Entertainment ecosystem and Blackbird on AWS and and NRL workflows in Virtual Customer NAB selected partner Experience Center
Slide 12: Financials: 2019 Revenue and Order Book
12. Financials: 2019 Revenue and Order Book Revenue Recognition of 2019 year end contracted but unrecognised revenue 1.5 1.0 +15% +24% 0.8 1.0 £millions £millions 0.6 0.4 0.5 0.2 0.0 0.0 FY2017 FY2018 FY2019 FY20 FY21 FY22 FY23 FY24 • Matched 2019 revenue for 2020* by 31 March 2020 • Contracted but
Slide 13: Financials: Cash
13. 2019 Financials: Cash • £8.0 million in bank at 31 December 2019 • Debt free • £0.2 million monthly cash burn in 2019 (excluding net funds from oversubscribed November 2019 fundraise) • Targeting 2020 cash burn reduction through increased sales
Slide 14: Strong start to 2020
14. Strong start to 2020 • A+E Networks doubles video edited through Blackbird® • Blackbird signs Liverpool and Arsenal • AWS and Google Cloud partner at virtual customer experiences • Zixi partners with Blackbird • Blackbird achieves SOC2 Type I accreditation • Blackbird shortlisted for Best Digita
Slide 15: 2020 Industry comments
15. 2020 Industry comments Seriously awesome They have a Gives us all the great product tools needed Saurabh Gupta Solutions Architect, Google Cloud Stevie Rowe Ed Russo Head of Production, Eleven Sports SVP Production, A+E Networks Spearheading a Blackbird’s Blackbird soars cloud video editing mome
Slide 16: ESG initiative launched
16. ESG initiative launched Empowering the media industry to be green and sustainable, Blackbird enables: • Less travel • Less hardware • Less energy www.blackbird.video/esg-policy
Slide 17: Conclusion
17. Conclusion • Well capitalised • Empowering flexible working • Executing OEM strategy • Sales momentum
Slide 18: Selected Customers
18. Selected Customers Infrastructure OEM
Slide 19: Appendix
19. Appendix
Slide 20: Appendix: Key financials
20. Appendix: Key financials Year to 31 December 2019 Year to 31 December 2018 YOY Audited Audited Change £000's £000's Revenue 1,078 870 24% Operating costs (2,689) (2,738) -2% EBITDA (1,772) (1,993) -11% Net Loss before tax (2,161) (2,599) -17% Operating cash flow (1,871) (1,920) -3% Cash burn* (2