Slide 1: 2023 H1 Revenue
2023 H1 Revenue July 26, 2023 1
Slide 2: Welcome
Welcome Jacques Le Mancq Fabienne Lecrivain CEO CFO 11 patent Broadpeak was founded More than 90% Presence across 23 200+ millions 150+ customers in 330 people of Intrenational Revenue countries subscribers families in 2010 / IPO in June 50 countries 2022 2 2
Slide 3: A video streaming pure-player with the most extensive solutions portfolio
A video streaming pure-player with the most extensive solutions portfolio Content Prep Main Streaming Functions Advanced Streaming Features ORIGIN & DYNAMIC CDN & OPEN CDN MULTICAST TRANSCODE CLOUD PVR ADVERTISING STREAMING CACHING ANALYTICS SELECTION ABR 5G MEC 5G Consumer Content Prep Streaming of
Slide 4: We provide End to End Streaming Technology
We provide End to End Streaming Technology 6 SAAS + 5 ANALYTICS Services Stats & QoE 4 VIDEO STITCHING Dynamic ad insertion, Blackout Follow the Sun Cockpit 3 MULTICAST ABR « Live streaming & VOD » Leading Streaming Technology 2 PACKAGING & CPVR Capture, Packaging & DRM for ABR formats streaming Ava
Slide 5: Our customers are in 3 universes
Our customers are in 3 universes LEADERSHIP ACCELERATION CONQUEST PAY-TV & TELECOM OPERATORS (1) OTT PLATFORMS NEW MEDIA Total addressable market (2) TV & telecom Total addressable market (3) OTT & new media (In M€) operators (In M€) 2026 1 523 CAGR 2026 9 818 CAGR 2022 990 11% 2022 5 950 13% (1) 99
Slide 6: Strong momentum in H1
Strong momentum in H1 ▪ Revenue up 12.5% to 18.1 M€ ▪ Launch of « Advanced CDN » game changing innovation ▪ Multicast ABR & Cloud PVR new customer wins ▪ New SaaS alliance ▪ APAC revenue grows almost 3-fold ▪ Product Mix driving higher Gross Margin
Slide 7: 2023 H1: Strong acceleration during Q2
2023 H1: Strong acceleration during Q2 REVENUE (M€) +12,5% ▪ 100% organic growth ▪ Large Order shifting in Q1 (>2 M€) 33,2 +31% ▪ Booked during Q2, as planned -8% ▪ 12.5% H1 YoY Growth (+11% at constant exchange rate) 7.7 7.1 8.4 11.0 16.1 18.1 Q1 Q2 H1 2022 2023 7
Slide 8: Strong growth in APAC, consolidation across EMEA
Strong growth in APAC, consolidation across EMEA REVENUE BREAKDOWN BY REGION 2022 H1 REVENUE : 16,05 M€ 2023 H1 REVENUE : 18,1 M€ 18% 7,2% APAC APAC +24% +176% 48,2% 44,6% 41% Americas 41% EMEA EMEA Americas +49% +33% -3% +3% ▪ Strong growth in APAC ▪ Consolidation across EMEA ▪ Demanding comparison
Slide 9: Product Mix driven by Licenses & recurring revenues
Product Mix driven by Licenses & recurring revenues REVENUE BREAKDOWN BY TYPE OF SALES 2022 H1 REVENUE : 16,05 M€ 2023 H1 REVENUE : 18,1 M€ 29,9% Equipment +424% 13,4% Equipment -49,5% 27,6% 53,2% 42,5% Maintenance Licenses & Licenses & Saas Services & Services 33,4% +46% +41% -10% Maintenance & Saa
Slide 10: H1 2023 highlights
H1 2023 highlights Innovation Sales ▪ « Advanced CDN » new generation launch ▪ New Multicast ABR (april 2023) customer wins Up to 4 times less energy required ▪ broadpeak.io new applications ▪ New partnership with Okast for FAST channels ▪ New Cloud PVR references (ORS_Group, Taiwan Mobile, Izzi Tel
Slide 11: Strong visibility for 2023
Strong visibility for 2023 Performance Leadership Strong Backlog Yearly Targets • H2 growth > 12.5% SaaS acceleration • Product Mix driving higher Gross Margin • EBITDA growing YoY Slower hiring pace (vs 2022) Better addressable Market coverage via new territories & new applications 11 11
Slide 12: 100 M€ revenue by 2026
OUR AMBITION 100 M€ revenue by 2026 2026 REVENUE 100 M€ OF WHICH 40% OF RECURRING REVENUES (SAAS & MAINTENANCE) 2022 REVENUE EBITDA MARGIN 2021 REVENUE 20% 42 M€ OF WHICH 22% OF RECURRING 33 M€ REVENUES OF WHICH 20% OF RECURRING (SAAS & MAINTENANCE) REVENUES (SAAS & MAINTENANCE) EBITDA MARGIN 9% 12
Slide 13: Appendix
Appendix 2022 Annual Results 13 13
Slide 14: P&L
P&L P&L (K€) 2021 2022 Revenue 33 127 41 901 Cost of Sales (6 376) (10 669) In line with Sales Mix Gross Margin 26 751 31 232 % of sales 80,8% 74,5% Gross Margin rate comparable to 2020 (74.3%) Other income 3 008 6 690 Of Which 5.8 M€ R&D capitalization Salaries & payroll charges (15 494) (20 009) H
Slide 15: Balance Sheet
Balance Sheet BILAN (K€) 2021 2022 Intangible assets 4 823 9 215 Tangible assets 1 493 1 927 Financial assets 191 2 388 Fixed Assets 6 507 13 530 Inventory work in progress 343 1 448 Of Which 1.1 M€ related to an order delivered in 2023 Account receivables 24 202 15 467 Setup of a Factoring Contract
Slide 16: Cash flow statement
Cash flow statement Cash Flows (K€) 2021 2022 Net Income 4 118 1 430 Amortization and depreciation 550 2 264 Other variation (165) (352) Operating Cash Flow 4 504 3 342 Inventory and work in progress variation (309) (1 106) Receivables variation (10 204) 4 183 Positive evolution of WCR: +3.5 M€ Paya
Slide 17: This is streaming at its peak
This is streaming at its peak broadpeak ANNAN <QNNNY SANNA