Slide 1: FY 2024 Results
M A R C H 1 9 , 2 0 2 5 FY 2024 R E S U LT S VISIOCONFERENCE Confidential & proprietary
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offer to buy any securities of Ateme, nor should it, or any part of it, form the basis of or be relied on in connection with any contract or commitment whatsoe
Slide 3: Presenters
PRESENTERS Michel ARTIÈRES Véronique COULMANN Founder & Chief Executive Officer Chief Financial Officer Degree in Engineering from SUPELEC, PARIS, with Degree from Sup de Co (Poitiers) a specialization in signal processing MBA from Seattle University and telecommunications D.E.S.C.F - Certified Publ
Slide 4: Who we are
Who we are Confidential & proprietary
Slide 5: The Video Delivery Leader
THE VIDEO DELIV ERY LEADER Listed since 2014 Ateme enables content providers, service providers and streaming platforms to captivate their audiences with a superior Quality of Experience, so they can boost €93.5m in 2024 viewership engagement, acquire new customers, and unleash new monetization pote
Slide 6: Quickly evolving market: from traditional TV to streaming
QUICKLY EVOLV IN G MARKET: FROM TRADITION AL TV TO STREAMIN G Streaming platforms SVOD, AVOD, virtual video distributor Digital Experience & E-commerce OTT streaming services to multiscreen CDN, cDVR 5G Broadcast Viewers Pay-TV services Contribution Distribution to set-top box Content provider Servi
Slide 7: Ateme unique position with end-to-end stack
AT E M E U N I Q U E P O S I T I O N W I T H E N D -TO - E N D STAC K Broadcast OTT Contribution DVR Storage Ad Insertion Delivery Headend Headend x x x x x x x x x x x x x x x x x x x x x x x Cloudfront Analytics x x x x x x x x x Confidential & proprietary 7
Slide 8: Ateme high innovation reputation
AT E M E H I G H I N N OVAT I O N R E P U TAT I O N Ateme listed in Devoncroft 2024 “Big Broadcast Survey” amongst the 30 highest ranked suppliers for the metric ‘Vision of the Future’: Cloud providers (AWS, Google Cloud) Well-known digital application vendors (Adobe, Apple) IT equipment vendors (Ar
Slide 9: Ateme engaged in corporate social responsibility
AT E M E E N G A G E D I N C O R P O R AT E “ Make the SOCIAL RESPONSIBILITY entertainment and video experience captivating, greener, and accessible to everyone ” A CSR policy led by the COO in direct contact with the Executive Committee and fully integrated into the company’s overall strategy Alrea
Slide 10: FY 2024 Results
FY 2024 Results Confidential & proprietary
Slide 11: Activity
ACTIVITY €100.0m €93.5m €90.6m €78.8m 30.5 Q4 2024: 0% 30.3 -1% at constant exchange €70.1m rate & perimeter €66.3m €56.5m 20.5 Q3 2024: +10% €48.6m 22.4 +10% at constant exchange rate & perimeter €37.5m 21.8 €28.6m Q2 2024: +6% 23.0 +6% at constant exchange rate & perimeter 27.3 Q1 2024: -35% 17.7
Slide 12: FY 2024 revenue split and growth by region
FY 2024 REV EN UE SPLIT AND GROWTH BY REGION FY 2024 REVENUE FY 2024 REVENUE SPLIT BY REGION GROWTH BY REGION LATAM €10.9m 12% EMEA USA/CAN -40% EMEA +16% APAC €41.0m -40% +16% €17.6m 44% (at constant exchange rate (at constant exchange rate and perimeter) and perimeter) 19% LATAM -7% -8% APAC +36%
Slide 13: Building lasting growth, one recurring dollar at a time
BUILDIN G LASTIN G GR O WTH, O N E R E CUR R IN G DO LLAR AT A TIM E ARR: €35.4m representing 38% of the 2024 revenues Multi-Year SaaS and investment Maintenance Contracts Subscription MRR, 2.954 FY 2024: +20% in € thousands year-on-year Monthly Recurring Revenue (MRR) (+€484 K) 2.443 2.470 1.960 1.
Slide 14: P&L (1/3)
P&L (1/3) Consolidated data – IFRS In thousands of euros FY 2023 H1 2024 H2 2024 FY 2024 Revenue 100,032 40,763 52,735 93,498 • Margin rate on direct costs: 71.5% of revenue Margin on direct costs 72,880 29,141 37,692 66,833 -8% • 1.4 point down compared to 2023 due to mix activities (exceptional im
Slide 15: P&L (2/3)
P&L (2/3) Consolidated data – IFRS In thousands of euros FY 2023 H1 2024 H2 2024 FY 2024 Gross profit 59,860 22,329 31,876 54,204 R&D expenses (24,397) (11,663) (11,468) (23,131) S&M expenses (31,449) (14,284) (14,351) (28,635) G&A expenses (6,417) (3,237) (3,132) (6,369) Total operating costs cut b
Slide 16: P&L (3/3)
P&L (3/3) Consolidated data – IFRS In thousands of euros FY 2023 H1 2024 H2 2024 FY 2024 Operating profit (2,404) (6,854) 2,924 (3,930) Financial loss (1 002) (590) (773) (1,363) Interest charges on the financial debt Financial profit 21 1 10 11 Exchange effect (522) 414 130 544 Foreign exchange pro
Slide 17: Balance sheet
BALANCE SHEET Consolidated data – IFRS In thousands of euros 2023/12/31 2024/12/31 Non-current assets 32,769 31,654 o/w Goodwill 12,886 12,886 o/w Intangible assets 8,192 8,130 o/w Deferred tax assets 2,081 1,432 Success of the policy to reduce inventory: ASSETS decrease -€1.2 million Current assets
Slide 18: Adjusted net financial debt
ADJUSTED NET FIN AN CIAL DEBT Consolidated data – IFRS In thousands of euros 2023/12/31 2024/12/31 Cash & cash equivalents 5,629 9,460 Financial debt1 17,102 12,958 €12.1m of various bank loans, o/w financial debt over 1 year : €8.7m o/w bank loans 16,314 12,130 Adjusted net financial debt of €3.5m
Slide 19: Cash flow statement
CASH FLOW STATEMEN T Consolidated data – IFRS In thousands of euros 2023 2024 Gross cash-flow 1,574 1,599 Decrease in inventory and increase in (-) Change in Working Capital (947) 2,313 deferred revenue Cash-flow from operations 627 3,912 Strong cash-flow from operations: €3.9 million Cash-flow from
Slide 20: Market dynamics
Market dynamics
Slide 21: A USD 2.5B market, growing at a CAGR of 2.7%
A USD 2.5B MARKET, GROWING AT A CAGR OF 2.7% +2.7% CAGR 2,591 2,510 2,429 2,348 2,266 2022 2023 2024 2025 2026 21 Source: Caretta Research Confidential & proprietary
Slide 22: Market shifting to ad-based streaming
MARKET SHIFTIN G TO AD - BASED STREAMIN G Pay-TV generates more $$ OTT generates more $$ 400 360 300 325 260 220 190 150 100 85 100 125 140 150 160 170 180 60 150 160 160 160 170 160 160 160 160 210 210 200 195 190 190 180 180 180 2020 2021 2022 2023 2024 2025 2026 2027 2028 2020 to 2028 Pay-TV &
Slide 23: US streaming up 16% in 3 years
US STREAMIN G UP + 16% IN 3 YEARS Confidential & proprietary 23
Slide 24: Outlook
Outlook Confidential & proprietary
Slide 25: Ateme strategy will enable profitability
AT E M E S T R AT E GY W I L L E N A B L E P R O F I TA B I L I T Y LEVERAGE AROUND 3 PILLARS Fixed cost Scalable Product mix business go-to-market improvement 72% gross margin on Increase in deal size, in Hardware sales are reducing procurement: all other OPEX particular for enterprise as percentag
Slide 26: Excited about 2025
E XC I T E D A B O U T 2 0 2 5 ! 2024 2025 Revenues: -7% Strong confidence in a return to growth o delays accumulated in Q1 o ARR: embedded growth of €5.8 million o highly challenging market environment, o Commercial reorganization in USA / Canada: particularly in the USA / Canada region rebound in
Slide 27: Ateme's guidance
AT E M E ’ S G U I DA N C E c. 130 M€ c. 100 M€ c. 91 M€ c. 93 M€ c. 79 M€ c. 22 M€ c. 6 M€ c. 5 M€ c. 3 M€ c. 1 M€ 2021 2022 2023 2024 2027 Revenue EBITDA Ateme at tipping point after 5 years of investment targeting for 2027: o Revenue growth to reach €130 million o Direct cost margin of €99 millio
Slide 28: Investor relations
I N V E S TO R R E L AT I O N S Shareholder structure Stock price (€) Number of shares : 11,489,444 Potential dilution : 5.74% as of March 2025 Concert Artières 10,6% Otus Capital 9,8% Float 64,5% Positano 5,0% NJJ Capital (Xavier Niel) 4,9% Market data Financial Calendar ISIN: FR0011992700 April 24
Slide 29: Thank you
THANK YOU Confidential & proprietary