EVS Broadcast Equipment SA · EURONEXT:EVS
EVS Broadcast Equipment SA — Investor Day (November 2023)
62 slides from EVS Broadcast Equipment SA's investor day presentation, Nov 24, 2023
Slide 1: Investor day
Investor day Nov 24th Serge Van Herck CEO Veerle De Wit CFO Benoit Quirynen SVP Strategy and Partnerships November 24th, 2023 → evs.com EVS investor day 2023
Slide 2: Agenda
10:15 CEO Introduction 10:30 Market trends 10:50 Corporate strategy 11:10 Strategy in action 11:40 EVS as a value company 12:00 CEO’s conclusions and Q&A EVS investor day 2023
Slide 3: Agenda
10:15 CEO Introduction 10:30 Market trends 10:50 Corporate strategy 11:10 Strategy in action 11:40 EVS as a value company 12:00 CEO’s conclusions and Q&A EVS investor day 2023
Slide 4: 3Q23 results: profitable and sustainable growth confirmed
3Q23 results: profitable and sustainable growth confirmed EVS investor day 2023
Slide 5: All Hands investor presentation
ALL EVS HANDS investorPRESENTATION day 2023 2021
Slide 6: We create return on emotion
We create return on emotion We help our customers deliver the most gripping live sports images, buzzing entertainment shows and breaking news content to billions of viewers every day and in real- time. EVS investor day 2023
Slide 7: Worldwide leader in live video technology
3 eer A Py ae Worldwide leader in live video technology for broadcast and new media productions -- - ho © « —=\WA= - »
Slide 8: Who we are
Who we are Who What Why Worldwide Leader in live video Replays & highlights, video assistance, Create engaging viewing experiences technology for broadcast and new asset & workflow management, for billions of viewers around the media productions routing and media infrastructure world EVScreate We in
Slide 9: EVS is a global company with offices in the 5 continents
EVS is a global company with offices in the 5 continents HQ in Liege BE France, Italy, Spain, the Netherlands, UAE ,UK, China, Hong-Kong, Singapore, Australia, US East Coast, US West Coast, Mexico EVS investor day 2023
Slide 10: Trusted by thousands of customers worldwide
Trusted by thousands of customers worldwide EVS investor day 2023
Slide 11: Markets we serve – structured by market pillars
Markets we serve – structured by market pillars Broadcast Sports & events Production facilities & media networks organizations & service providers Live Audience Business Live Service Providers EVS investor day 2023 + BER
Slide 12: Market pillars illustrated
Market pillars illustrated Broadcast Sports & events Production facilities & media networks organizations & service providers Live Audience Business Live Service Providers EVS investor day 2023 + BER
Slide 13: The consistent partner for major sport events since 1996
The consistent partner for major sport events since 1996 2022 EVS investor day 2023
Slide 14: Passionate about creating emotions since 30 years
Passionate about creating emotions since 30 years: we want to continue to make the difference ! EVS investor day 2023
Slide 15: Our 2030 target: become the provider in
2030 TARGET OUR BECOME THE PROVIDER IN EVS investor day 2023
Slide 16: EVS investor day
EVS investor day 2023
Slide 17: Agenda
10:15 CEO Introduction 10:30 Market trends 10:50 Corporate strategy 11:10 Strategy in action 11:40 EVS as a value company 12:00 CEO’s conclusions and Q&A EVS investor day 2023
Slide 18: 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 19: More complex everyday to produce more content & delight audiences
More complex everyday to produce more content & delight audiences MORE EXPENSIVE AUDIENCE PRICE PRESSURE COMPETITION MEDIA RIGHTS FRAGMENTATION ON LINEAR ADS ON SUBSCRIPTIONS Software IP New rights monetization D2C EVS New AR/VR cameras Convergent Platforms THE Gaming tech NEW NEW TRUSTED PARTNER Au
Slide 20: EVS partners with its customers to address the complexity of the transition to IP
EVS partners with its customers to address the complexity of the transition to IP Typical slide from a customer engaged in transition to IP EVS helps customers with: Interoperability Cost efficiency Scalability New infrastructure Flexibility Signal transportability New tools we New services To suppo
Slide 21: EVS partners with NEP in Australia
EVS partners with NEP in Australia, creating a Remote production hub, leading to increased business ▪ ▪ ▪ ▪ ▪ ▪ EVS investor day 2023
Slide 22: EVS partners with RTBF on Flexible Control Room
EVS partners with RTBF to boost productivity & creativity through co-development of the Flexible Control Room solution BEFORE AFTER More mono-function operators Less multi-function operators supported by automation 1 panel/screen per main system Flexible touch screen UI with HW adjuncts 1 operator p
Slide 23: EVS partners with broadcasters going Direct-2-Consumer
EVS partners with broadcasters going Direct-2-Consumer (D2C) with format adaptation BBCNews Live Reality Shows CNN FranceTV NBC Sports RTBF Live Corporate events EVS adapts the tools & creates workflows to help our customers EVS investor day 2023 to address these new formats* * Not necessarily for t
Slide 24: Agenda
10:15 CEO Introduction 10:30 Market trends 10:50 Corporate strategy 11:10 Strategy in action 11:40 EVS as a value company 12:00 CEO’s conclusions and Q&A EVS investor day 2023
Slide 25: 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 26: Combining products to create the perfect solutions
Combining products to create the perfect solutions LiveCeption Production Live Replay Live MediaCeption Flexible Live PAM MediaInfra Network Control & Live IP Servers Remotes Archive Ingest Server System Switch Monitoring Processing XS-Neo IPD-VIA XT-VIA LSM-VIA XFile3 Arista Cerebrum Neuron 3rd par
Slide 27: Our ambition: Grow in MediaCeption and MediaInfra
Our ambition: Grow in MediaCeption and MediaInfra, mainly in LAB market pillar and in NALA LiveCeption MediaCeption MediaInfra 350 ~30% market share 350 ~20% market share 350 From 10% to 15% market share 300 300 300 250 250 250 200 200 200 150 150 150 100 100 100 50 50 50 0 0 0 2023 2028 2023 2028 2
Slide 28: A large community of operators
A large community of operators EVS investor day 2023
Slide 29: Better images thanks to AI on ANY camera
Better images thanks to AI on ANY camera embedded in the workflow in realtime or near-realtime * Thanks to realtime or near realtime AI, fully developed & optimized by EVS, feed from ANY camera can be replayed soon as: ▪ a super-slow motion camera ▪ a close-up camera ▪ a cine-style camera ▪ a social
Slide 30: MediaCeption: AI enhanced workflows for fast-turn-around content
MediaCeption: A serie of AI enhanced workflows for different kinds of operators for fast-turn-around content VIA platform EVS investor day 2023
Slide 31: Media infrastructure solutions to support transformation towards IP
Media infrastructure solutions to support our customers in their transformation towards IP Traditional Criterion EVS Proprietary As a core with IP COTS usage tech Cisco & Arista Medium Density High Poor or absent Virtualisation At the core Granular None Modularity solution High Low Evolutivity From
Slide 32: Keep key people and hire new talent in a re-branded building
Keep key people and hire new talent in a re-branded building EVS investor day 2023
Slide 33: A new go-to-market and pricing leveraging virtualization
A new go-to-market and pricing leveraging virtualization to increase the gross margin EVS investor day 2023
Slide 34: NAB 2022: FOX Sports orders first major Media Infrastructure solution
NAB 2022 FOX Sports orders first major Media Infrastructure Strada solution in USA EVS investor day2022 2023 All-Hands
Slide 35: Fruitful acquisition of Axon
Fruitful acquisition of Axon to position EVS in a new market of Media Infrastructure Initial EVS intent Situation end of 2023 Geo & sales synergies ▪ Sell Media Infrastructure in NALA ✓ ▪ Leverage EVS customer base ✓ ▪ Leverage Axon customer base ✓ Portfolio synergies ▪ Complement the EVS blueprint
Slide 36: Evolving from Products to Solutions to an Ecosystem
Evolving from Products to Solutions to an Ecosystem EVS investor day 2023
Slide 37: Asset Management Focus
Asset Management Professional Learning Contract Focus services Assistance Support Consultancy Replay Compose Edit Creative tools Enrich Services ODA 3rd Parties Production Planning Cost tracking Ingest / Play e-Store Template Production Asset API Management Asset Configuration Users Workflow 3rd Par
Slide 38: 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 EVS investor day 2023 through third-party solutions
Slide 39: 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 40: Non Organic Growth on Strategic Businesses
Non Organic Growth on Strategic Businesses Targeted synergies Intrinsic target profile • Sales synergies/same customers • Affordable size for integration • Portfolio synergies • Same DNA of customer intimacy with new and/or better solutions • Expertise synergies • Aligned and focused teams Significa
Slide 41: Agenda
10:15 CEO Introduction 10:30 Market trends 10:50 Corporate strategy 11:10 Strategy in action 11:40 EVS as a value company 12:00 CEO’s conclusions and Q&A EVS investor day 2023
Slide 42: Successful execution of our customer intimacy strategy
Successful execution of our customer intimacy strategy EVS investor day 2023
Slide 43: Our DNA: value discipline
Our DNA: value discipline* *The Discipline of Market Leaders‘ EVS investor day 2023 M. Treacy and F. Wiersema
Slide 44: Engaged teams and strong foundations
Engaged teams and strong foundations EVS investor day 2023
Slide 45: Developing channel partners worldwide
Developing channel partners worldwide EVS investor day 2023
Slide 46: EVS brand recognized through regular corporate awards
EVS BRAND RECOGNIZED THROUGH REGULAR CORPORATE AWARDS SINCE 2019 - EXAMPLES CORPORATE STAR AWARD 2023 EVS investor day 2023 IN THE BEST ESG LEADER CATEGORY
Slide 47: EVS brand recognized through regular solution awards
EVS BRAND RECOGNIZED THROUGH REGULAR SOLUTION AWARDS SINCE 2019 - EXAMPLES EVS investor day 2023
Slide 48: Agenda
10:15 CEO Introduction 10:30 Market trends 10:50 Corporate strategy 11:10 Strategy in action 11:40 EVS as a value company 12:00 CEO’s conclusions and Q&A EVS investor day 2023
Slide 49: EVS as a Value Company
EVS as a Value Company EVS investor day 2023
Slide 50: Long term growth | historical revenue performance
Long term growth| historical revenue performance EVS phase Start-up Scale-up Hesitate Focus on growth ADOPTION PRODUCTION EVS scope REPLAY HD WORKFLOWS OF 4K & IP OPTIMIZATION EVS investor day 2023
Slide 51: Profitability
Profitability Primary focus is on margin improvement of every solution Secondary focus is on volume: through: 1. Growing overall profit in absolute numbers 1. Sound monitoring of cost of components 2. Volume creates a dilutive effect of past investments 2. Projection of impact of inflation made 3. S
Slide 52: Strong balance sheet
Strong balance sheet EVS investor day 2023
Slide 53: Dividend yield
Dividend yield 2021 2022 2023*,** 2024*,** Base dividend 1,0 1,1 1,1 1,1 Additional dividend 0,5 0,5 - - Total dividend 1,6 1,6 1,1 1,1 EVS investor day 2023
Slide 54: Become an Industry Leader in Sustainable Value Creation
Become an Industry Leader in Sustainable Value Creation Continuously improve the Environmental Social & Governance rating thanks to ambitious and focused action plan. EVS investor day 2023
Slide 55: Sustainable Value Creation ESG Risk Rating
Sustainable Value Creation ESG Risk Rating EVS investor day 2023 WE CREATE RETURN ON EMOTION 55
Slide 56: Corporate Star Awards
Corporate Star Awards @ EVS team honored with Corporate Star Award in Best ESG Leader category EVS investor day 2023
Slide 57: 25 years anniversary on Euronext
25 YEARS ANNIVERSARY ON EURONEXT EVS investor day 2023
Slide 58: Agenda
10:15 CEO Introduction 10:30 Market trends 10:50 Corporate strategy 11:10 Strategy in action 11:40 EVS as a value company 12:00 CEO’s conclusions and Q&A EVS investor day 2023
Slide 59: World economic situation in 2023
World economic situation in 2023 EVS investor day2022 2023 All-Hands
Slide 60: Market conditions - Feedback
Market conditions - Feedback • Clients very happy to be back on tradeshows - Large attendance from EMEA clients and 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 n
Slide 61: 6 Key Learnings
6 Key Learnings The industry keeps on Big tech provider are in Infra is the cornerstone consolidating the place of big changes Business models are Cloud is just one of the EVS is on a good track shifting enablers EVS investor day 2023
Slide 62: Thank you!
Thank you! → evs.com EVS investor day 2023
EVS Broadcast Equipment — Investor Day (November 2023) on 6ix