Atomos Ltd. · ASX:AMS
Atomos — Investor Presentation (February 2019)
29 slides from Atomos's investor presentation, Feb 28, 2019
Slide 1: 1H 2019 Results
1H 2019 Results 28 February 2019 Atomos unlocks creativity and profit for video content creators Advanced technology allows faster, higher quality, more flexible productions
Slide 2: Agenda
Agenda Half Year Results 3 Outlook & Board Update 12 Appendix 18
Slide 3: Half Year Results
Half Year Results “Our VISION is to invent and deliver ground breaking products and disruptive technologies that enhance, simplify and ultimately democratise video content creation”
Slide 4: Atomos – A Snapshot
Atomos – A Snapshot • Global video technology company that enhances video content Capital Structure (as of 27 Feb. 2019) Major Shareholders % creation with products that connect the imaging and computer world together Ticker AMS Ms Claire Louise Young2 12% Share Price $0.80 Ellerston Capital Ltd 11%
Slide 5: Global Operations
Global Operations Offices in major global locations and strong sales channels 1H’19 Sales by Region • 77 Staff Globally* LONDON PORTLAND PARIS NEWYORK FRANKFURT Asia • 10 Offices in 7 Countries LOSANGELES BEIJING TOKYO 21% US SHENZHEN EMEA 53% • Strong Global SalesChannel 26% • Broad retailer and re
Slide 6: Target Markets – Current & Future
Target Markets – Current & Future Atomos’ growing product portfolio will address a US$10B camera equipment market1 Content Creation Social Pro Video Entertainment Camera Equipment Phone & PhotoCameras Pro Video Cameras Broadcast, TV & Cinema NINJA Atomos Products SHOGUN SUMO NEW MARKETS NEW MARKETS
Slide 7: Rapidly Growing Markets
Rapidly Growing Markets Social Content Pro Video Content Entertainment Content Accessibility of new social media platform allows Market wide increase in video-focused corporate Increased original content by new online streaming individuals to produce, share & monetise their content marketing, advert
Slide 8: 1H’19 Executive Summary
1H’19 Executive Summary (ending 31 December 2018) 1H’19 Revenue Achievements during 1H’19 $24.2m • Completed development of Ninja Platform, launched first monitor recorder product (Ninja V) in September 2018 32% pcp • Growth drivers: – On time new product launch (Ninja V) 1H’19 Gross Profit – Higher
Slide 9: Pro Forma Income Statement
Pro Forma Income Statement P ro F orma ( A$m) 1 H'1 8 1 H'1 9 ∆ p cp Key Insights: Revenue 18.4 24.2 32% • 1H’19 sales of $24.2m, up 32% pcp, driven by: COGS (10.0) (13.7) (38%) Gross P rofit 8.4 1 0.5 26% – Strong sales of Ninja V which was released in September 2018 Gross Profit Margin 45.6% 43.4%
Slide 10: Pro Forma Balance Sheet
Pro Forma Balance Sheet P ro F orma ( A$m) 1 H'1 9 Key Insights: Cash and cash equivalents 5.2 • Strong balance sheet with $5.2m cash and zero debt Trade and other receivables 6.1 Inventories 11.1 – Access to a $1.5m EFIC working capital facility if required Other assets 2.6 • Inventory levels incre
Slide 11: Statutory Cash Flows
Statutory Cash Flows Sta tutory C a sh F lows ( A$m) 1 H'1 9 Key Insights: Op e ra ting a ctiv itie s Receipts from Customers 23.2 • Net cash flows in line with prospectus forecast Payments to suppliers and employees (27.6) • Growth in working capital driven by successful launch of Ninja V: Income t
Slide 12: Outlook & Board Update
“At $399 it won’t break the bank either. It’s bright, very, very light, and has Outlook & Board Update incredibly good battery life. Yep, I like it” – Redshark News on new Shinobi monitor
Slide 13: Outlook - Achievements Post End 1H’19 + Full Year FY19
Outlook - Achievements Post End 1H’19 + Full Year FY19 Achievements post end 1H’19 Full Year FY19 Outlook • Finalised licence agreement with RED.com LLC • Expect stronger sales than forecast in prospectus lodged 30 November 2018 • Released 5” Shinobi monitor-only product in February 2019 - continuin
Slide 14: Outlook – Growth Initiatives for 2H’19 and beyond
Outlook – Growth Initiatives for 2H’19 and beyond Growth Drivers Description Progress • Leverage tech portfolio to develop new future products ✓ Released flagship 5” Ninja V recorder/monitor Growing Product Portfolio with goal to double range over next two years ✓ Released Shinobi 5” monitor only in
Slide 15: Board Update
Board Update Recent Board Appointments – 1 February 2019 Chris Tait Jeromy Young Sir Hossein Yassaie Stephen Stanley Bradley Whitcomb Non-Executive Director Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Chairman Co-Founder & CEO Director since 2017 Director
Slide 16: Questions & Answers
“If you need an HDR monitor that works both on set and in post-production, you should consider the Atomos Sumo19” - Videomaker.com on SUMO19 Questions & Answers
Slide 17: Contacts
Contacts For further information on this presentation, please contact: Key upcoming Tradeshows / Conferences: James Cody Matthew Wright Name Location Dates Chief Financial Officer Media relations Photography Show Birmingham 16 - 19 March +61 3 9999 5908 +61 451 896 420 james.cody@atomos.com matt@nwr
Slide 18: Appendix
Appendix “This is how you can supercharge any camera… You definitely want to check out the Ninja V. I was thoroughly impressed and I’m definitely going to be using this a lot more from now on.” – YouTube star Matti Haapoja on Ninja V
Slide 19: What We Improve
What We Improve Atomos unlocks the creative and commercial potential of digital cameras Lower quality monitor Despite the advanced technology of modern digital cameras, users are limited by: • Heavily compressed recorded data Complex • Not designed for computerworkflows menus • Short record times •
Slide 20: How We Do It
How We Do It Atomos devices take images directly from the camera’s sensor, then enhance, record and distribute them for content creation © Atomos 2019. | 1H’19 Results
Slide 21: Content Creation Workflow
Content Creation Workflow CAPTURE PROCESS & ENHANCE FINISH & DELIVERY From the sensor of Atomos products enhance content creation, Edit, Colour Grade, Titles, all major camera manufacturers quality and creativity Graphics Finish in Post Atomos’ devices are compatible with all levels of content creat
Slide 22: Product Suite
Product Suite 4K Monitor Recorders Production / Studio Broadcast, Pro AV, Accessories & O Ninja Range Shogun Range SUMO Range Shogun Studio + Converters + Accessories • HDMI only • HDMI & Quad SDI inputs • Larger format 19” monitor recorder Shogun Studio • Broad market application due to • Broad mar
Slide 23: Brand Strength and Product Strength
We have worked hard to ensure our Brand Strength matches our Product Strength
Slide 24: Senior Management
Senior Management Jeromy Young James Cody Trevor Elbourne Co-Founder & CEO Chief Financial Officer Chief Technology Officer Location: Australia Location: Australia Location: Australia • 20+ years technology & management experience • 20+ years financial & accounting experience in both • 23+ years exp
Slide 25: A Few Key Terms Explained
A Few Key Terms Explained “4k60p” “ProRes recording” “1,500 Nits brightness & HDR” Refers to: Resolution / Frame Rates Refers to: Recording Format Refers to: Screen Brightness (Nits) / HDR • Resolution refers to the number of pixels displayed within each • Recording Format or “Codec” refers to how a
Slide 26: 1H’19 Income Statement – Statutory to Pro Forma
1H’19 Income Statement – Statutory to Pro Forma Pro fo rma adjustments to the statuto ry co nso lidated statements o f pro fit o r lo ss and o ther co mprehensive inco me Actual Fo recast $ tho usand No tes HY 20 19 FY 20 19 S tatuto ry EB ITDA (146 ) (1,9 32) Incremental listed company costs 1 (127
Slide 27: 1H’19 Balance Sheet – Statutory to Pro Forma
1H’19 Balance Sheet – Statutory to Pro Forma S tatuto ry histo rical and pro fo rma histo rical co nso lidated statement o f financial po sitio n 31 December 20 18 $ tho usand No tes Redeemed Notes: S tatuto ry Pro fo rma 1. Remaining balance payable on redeemed convertible notes at IPO, paid in Jan
Slide 28: Disclaimer
Disclaimer The information contained in this document (“Document”) has been prepared by Atomos Limited ACN 139 730 500 (referred to as “Atomos” or “Company”). This Document is current as at the date of this Document and should be read in conjunction with other Atomos periodic and continuous disclosu
Slide 29: © Atomos 2019.
© Atomos 2019. | 1H’19 Results