Slide 1: Investors Presentation: 2022 Full-Year Results, 2023 Q1 Revenue
INVESTORS PRESENTATION 2022 FULL-YEAR RESULTS 2023 Q1 REVENUE Amedeo D’Angelo, Executive Chairmain - Jean-François Labadie, CFO
Slide 2: Disclaimer
Disclaimer This document was prepared by Verimatrix and is provided for information No statement in this presentation is intended as a profit forecast or estimate for any purposes only. It is public information only. period. Persons receiving this document may not and should not rely on forward look
Slide 3: Introduction
Introduction Copyright © 2023 Verimatrix. All Rights Reserved. 3
Slide 4: Verimatrix at a glance
Verimatrix at a glance 800+ 290 GARTNER RECOGNIZED Customers in 120 countries Employees, 8 global offices In-App Protection, 2019–2022 CYBERSECURITY 500M+ 25 BestinBiz Awards 2022 App clients across devices Years of security innovation Enterprise Product of the Year Security Software 2023 GLOBAL INF
Slide 5: FY 2022 – Financial highlights
FY 2022 – Financial highlights Continued growth in both Sales and Annual Recurring Revenue of subscription products, particularly in the second half of the year A 2022 full-year performance in line with the Group’s strategy 45,9% growth in revenue from subscriptions compared with 2021 47,3% growth i
Slide 6: Verimatrix: protecting an unprotected digital world
VERIMATRIX protecting an unprotected digital world Copyright © 2023 Verimatrix. All Rights Reserved. 6
Slide 7: 2 global business lines
2 global business lines ANTI PIRACY THREAT DEFENSE PROTECT VALUABLE CONTENTS PROTECT APPS AND IOT Protecting content for Streaming Media Extended threat defense software Pay TV, Telcos and Broadcasting from the devices to the enterprise 7
Slide 8: Two successful business lines
Two successful business lines Anti-Piracy Threat Defense Verimatrix protects valuable revenue Verimatrix’s threat defense products and streams of media distributors, from TV services close the open door in current operators, to OTT service providers, from security walls by monitoring unmanaged live
Slide 9: 1. Anti-piracy
Global business lines 1. Anti-piracy Copyright © 2023 Verimatrix. All Rights Reserved. 9
Slide 10: Streamkeeper – Launch 2022
ANTI PIRACY Streamkeeper – Launch 2022 battle-ready cybersecurity engineered to hunt down & take out video piracy Multi-DRM Counterspy App Anti-Piracy Telemetry with Edge Authenticator Shutdown Watermarking 10 10
Slide 11: Streamkeeper Recognition
ANTI PIRACY Streamkeeper Recognition Best Content Enterprise Product of the The Revenue Protection Technology Year Security Software Security Award Verimatrix Confidential Proprietary — Copyright © 2023 Verimatrix, All Rights Reserved. 11
Slide 12: Swisscom SaaS deal
12 ANTI PIRACY Swisscom SaaS deal Migration from On Premise to SaaS New Monitoring Capabilities on the Cloud 3 Years deal “Verimatrix became the reliable and cooperative partner that we are looking for…” Marco Loetscher, Head of IT & Technology, Swisscom 12
Slide 13: 2. Threat Defense
Global business lines 2. Threat Defense
Slide 14: Two User Types Connecting to the Enterprise
THREAT DEFENSE Two User Types Connecting to the Enterprise EDR - MTD MDR - EPP Multiple solutions to protect managed apps & devices Enterprise IT e ? Cloud API Few solutions to protect unmanaged apps & devices Verimatrix Confidential Proprietary — Copyright © 2023 Verimatrix, All Rights Reserved. 14
Slide 15: Fastest Growing Digital Attack Surface Is Mobile
THREAT DEFENSE Fastest Growing Digital Attack Surface Is Mobile New attack vectors evolving from the weakest links – connected apps, APIs and unmanaged devices 45% Of organizations had recently 73% Of organizations that 60% Of organizations report that experienced mobile-related experienced mobile-r
Slide 16: New XTD offering for mobiles
THREAT DEFENSE New XTD offering for mobiles Key Shield XTD Predict Code Shield XTD Prevent Predict Prevent Value Respond Detect XTD Respond XTD Detect Verimatrix Confidential Proprietary — Copyright © 2023 Verimatrix, All Rights Reserved. 16
Slide 17: Notable Recent Sales Wins
Notable Recent Sales Wins ANTI PIRACY ANTI PIRACY THREAT DEFENSE VCAS Streamkeeper XTD Digital Deutsche Jarir Porto Fastway Edison Bank Store Seguro Nirvana Interactive IMAX Banco VanEck Theatre Union Asset Mngt RCBC Bank Verimatrix Confidential Proprietary — Copyright © 2023 Verimatrix, All Rights
Slide 18: Solid sales momentum – The case of Izzi Telecom
Solid sales momentum – The case of Izzi Telecom A major player in the Mexican telecommunications sector offering popular services such as Izzi TV or Izzi Go fdfdfdfdfdfdfd Adding Streamkeeper and Extended Threat Defense to protect millions of devices (apps, web streaming services, “Cybersecurity a s
Slide 19: Q4 revenue & 2022 full year results
Q4 revenue & 2022 full year results
Slide 20: Q4 & FY 2022 revenues
Q4 & FY 2022 revenues Q4 REVENUE FY REVENUE 4Q22 2022 (in US$ million) 4Q22 4Q21 FY22 FY 21 vs. 4Q21 vs. 2021 Recurring revenue 7.2 6.5 10.2% 26.4 25.0 5.4% of which subscriptions 2.8 1.5 79.1% 8.2 5.6 45.9% of which maintenance 4.4 5.0 -11.1% 18.2 19.4 -6.3% Non-recurring revenue 8.9 14.1 -36.8% 34
Slide 21: Annual Recurring Revenue trend from subscriptions
Annual Recurring Revenue trend from subscriptions 5 consecutive quarters of growth 11.1 9.0 7.8 8.0 7.5 In $M Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Copyright © 2023 Verimatrix. All Rights Reserved. 21
Slide 22: FY 2022 – Operating Income
FY 2022 – Operating Income 2021 Core 2021 (US$ million) 2022 Business Company1 Revenue 61,0 71,8 88,5 Decrease of the non-recurring revenue and higher amortisation costs. Gross profit 43,6 54,9 66,7 Negative effects partially offset by the optimization of support organisation based in As a % of reve
Slide 23: FY 2022 – Cash Flow
FY 2022 – Cash Flow US$ million) 2022 2021 Income / expense from continuing operations (17.6) 3.7 Non-cash items from continuing operations 18.0 13.7 Changes in working capital from continuing operations 7.7 9.5 Cash generated by / Used in operational activities 8.1 26.9 Cash used in discontinued op
Slide 24: Q1 2023 Revenue
Q1 2023 Revenue Copyright © 2023 Verimatrix. All Rights Reserved. 24
Slide 25: Q1 2023 Revenue
Q1 2023 REVENUE ($ million US) Q1 2023 Q1 2022 Chg. Q1 2023 revenue up 10% compared to Q1 2022 Recurring turnover 7.5 6.2 20.7% • Total recurring revenue up 20.7% compared to Q1 2022 of which maintenance 4.3 4.6 -8.3% • Non-recurring revenue is flat of which subscriptions 3.2 1.6 106.4% Non-recurrin
Slide 26: 2023 Outlook
2023 OUTLOOK Copyright © 2023 Verimatrix. All Rights Reserved. 26
Slide 27: 2023 Full-year guidance
2023 Full-year guidance Strong growth in recurring revenues Growth of its subscriptions Growth of the revenues subscriptions ARR >40% >40% Copyright © 2023 Verimatrix All Rights Reserved. 27
Slide 28: Investor Information
INVESTOR INFORMATION Investor relations CFO finance@verimatrix.com Media Contact Matthew Zintel communication@verimatrix.com Financial Calendar 2023 Earmings: March 9, 2023 (after market) Visit: https://investors.verimatrix.com/