Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — Investor Day (November 2022)
100 slides from Evs Broadcast Equipment Sa's investor day presentation, Nov 23, 2022
Slide 1: EVS Analyst day
EVS Analyst day November 23rd, 2022 →
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements This presentation contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subject to
Slide 3: Agenda
Ill AGENDA IM AGENDA ~~r~rw~r~r~~r~r~rrnorn4trmrcaTt 08:30 - Welcome 09:00 - CEO Introduction 09:15 - EVS as a value company 10:00 - EVS as a broadcast solution leader 11:00 - Coffee break 11:15 - EVS healthy & profitable growth 12:15 - Lunch 13:15 - Visit of HQ & demos 14:30 - CEO closing 14:45 - D
Slide 4: Agenda
Ill AGENDA IM AGENDA ~~r~rw~r~r~~r~r~rrnorn4trmrcaTt 08:30 - Welcome 09:00 - CEO Introduction 09:15 - EVS as a value company 10:00 - EVS as a broadcast solution leader 11:00 - Coffee break 11:15 - EVS healthy & profitable growth 12:15 - Lunch 13:15 - Visit of HQ & demos 14:30 - CEO closing 14:45 - D
Slide 5: EVS as a value company
EVS AS A VALUE COMPANY 1. Long term growth 2. Profitability 3. Strong balance sheet 4. Strong dividend 5. ESG 6. EVS as a value creator 7. Relative performance of share price versus peers
Slide 6: Historical order intake performance
HISTORICAL ORDER INTAKE PERFORMANCE
Slide 7: Historical revenue performance
HISTORICAL REVENUE PERFORMANCE
Slide 8: Focus on profitability
FOCUS ON PROFITABILITY • • Solution 3Q22 LiveCeption 0,3Pts MediaCeption 2,5Pts MediaInfra 2,6Pts
Slide 9: Focus on profitability: EBIT performance
FOCUS ON PROFITABILITY: EBIT PERFORMANCE
Slide 10: Strong balance sheet
STRONG BALANCE SHEET 10 250% 200% 150% 100% 50% 0% 35.000,00 30,000.00 25,000,00 201000,00 Valuation (€) 15.000,00 10.000,00 5.000,00 ity ratio's 35% 2021 54% 47% 27% 36% 35% 2016 2017 2018 2019 2020 Liquidity ratio : Cash ratio (total cash/current liatilities) Liquidity ratio NWC/revenue Inventory
Slide 11: Dividend yield
DIVIDEND YIELD 1 Evolution dividend and payout ratio Evolution dividend yield 100% 300.0% 0% 80% 250 0% 10% —6,6% 10% 200 00% 60% sore 150 50% aK 40% ~. 40% 100 30% 30% 20% 050 oy 10% o% won 2012 2013-2014 2015201620170 019-09 ODL_—«20R2?_— 2S 00% —diridend payout rato (tvidend vs nd (6 2012 2013 ao
Slide 12: Corporate social responsibility & sustainability
CORPORATE SOCIAL RESPONSIBILITY & SUSTAINABILITY Build the right thing, build the thing right and build it for the future !
Slide 13: Increased focus on ESG
INCREASED FOCUS ON ESG =V5& First sustainability report well appreciated by some shareholders and customers!
Slide 14: ESG - the team has grown and is more diverse
ESG —- THE TEAM HAS GROWN ... AND IS MORE DIVERSE =V5& The team Board of Directors Leadership team Sustainability CZORNIAK, Dounia Deputy CPO SKILBECQ, Kristel Senior Executive Assistant BOSAK, Yvan & Senior HR Officer EISELE, Manfred VP Sales, DACH 49 DS HOSPIED, Valerie Head of Corporate Digital T
Slide 15: EVS materiality matrix
EVS MATERIALITY MATRIX Medium High Low Stakeholders Priority 2 5 8 > Internal Business Priority 9 Low Medium High 10 a Energy requirements of EVS products & solutions 1. Recycled input materials used B Sustainable sourcing of 4 materials 15 Climate changes and major incidents Well-being of team memb
Slide 16: Corporate social responsibility: ratings
CORPORATE SOCIAL RESPONSIBILITY: RATINGS
Slide 17: Marine Simonis - EVS ESG ambassador
MARINE SIMONIS - EVS ESG AMBASSADOR Marine, a young belgian freediver. She started this discipline only 4 years ago but already beats all the records. All-Hands 2022
Slide 18: EVS as a value creator
18 EVS AS AVALUE CREATOR EVS value creation is high EVS multiples are low EVS multiples are low in history despite record high revenues and order book Valuation table FY to 31/12 (EUR) 12/15, 12/16 12/17 12/18 12/19 12/20 12/24 P/E adustes CT evysales amas? a2 EVERITDA a. mi 798 2a VAT ad. plo 84k O
Slide 19: Relative performance share price
RELATIVE PERFORMANCE SHARE PRICE
Slide 20: EVS as a value company
EVS AS A VALUE COMPANY 1. Long term growth 2. Profitability 3. Strong balance sheet 4. Strong dividend 5. ESG
Slide 21: Agenda
Ill AGENDA IM 21 AGENDA ~~r~rw~r~r~~r~r~rrnorn4trmrcaTt 08:30 - Welcome 09:00 - CEO Introduction 09:15 - EVS as a value company 10:00 - EVS as a broadcast solution leader 11:00 - Coffee break 11:15 - EVS healthy & profitable growth 12:15 - Lunch 13:15 - Visit of HQ & demos 14:30 - CEO closing 14:45
Slide 22: Video production and broadcast equipment market growing
VIDEO PRODUCTION IS GROWING FAST AND BROADCAST EQUIPMENT MARKET IS GROWING BASED ON 3 TRANSFORMATION DRIVERS, OFFERING GROWTH OPPORTUNITIES FOR EVS Video Streaming Market Report Scope “ner Depending on the Merit size va in 2022 | USD 70.59 bilion : : eee a OS ear Growth of “ broadcast different mark
Slide 23: Video production is exploding on many platforms
VIDEO PRODUCTION IS EXPLODING ON MANY PLATFORMS ANDEVSEXPECTIS = =WV/5& TO CAPTURE A FRACTION OF THIS GROWTH a a yy) = ~ Za a .0: a as BBCNews ; Ph ae Live Reality Shows Sports = =| 7 ie iat FAN. @@ SEAT ye ‘ Live C t t Major live content providers produce more & different content/formats for differ
Slide 24: Never been as easy to produce content
NEVER BEEN AS EASY TO PRODUCE CONTENT NEVER BEEN AS COMPLEX TO PRODUCE SUCCESSFUL CONTENT ve 6 rv) © o ; TT ) Ei us =m bc) » a [> | q C4 In 2000, broadcast was driving workflows Today, platforms are driving workflows More competition, More platforms, =V5& More Complexity Technology ° ° ° ° ° More pi
Slide 25: Remote production risk does not materialize
EVEN IF REMOTE PRODUCTION WAS PERCEIVED 5 YEARS AGO AS A FACTOR NEGATIVELY =V5E IMPACTING THE NUMBER OF UNITS SOLD, THE RISK DOESN'T MATERIALIZE TODAY 5 years after the start of the first significant Remote Production wave: " Different hubs have been deployed and active in different regions of the w
Slide 26: EVS business linked to volume of live production
EVS BUSINESS IS LINKED TO VOLUME OF LIVE PRODUCTION, =V5 MORE THAN TO BROADCASTER’S REVENUES —— Orange renews $356M deal for rights of 1950's 1960-80's 1990's 2000's 2010's 2020's Amazon Pushes Into Europe With La Liga and UEFA club competitions . Roland-Garros Streaming In France : Terrestrial Dist
Slide 27: Big Tech contract
BIG TECH CONTRACT 22 / / / “Big tech’s move into live sports has sparked a chain reaction in the broadcast industry, where broadcasters and live service providers are looking to expand their production capacity while investing in future-proof technology.” Serge Van Herck Big Tech contract 22 is - A
Slide 28: Hard to monetize non-premium sports
HARD TO MONETIZE NON-PREMIUM SPORTS =V5 At DAZN, we tried secundary sports and tertiary sports, thinking « These sports can't work on Pay-TV but since there are 17 million hardcore badminton fans, we will get 9% to sign-up » ... and you've only got 300.000 people [1.7%]... None of that stuff works.
Slide 29: NFL Munich Game: By the Numbers
NFL Munich Game: By the Numbers •Allianz Arena sold-out, home to Bundesliga side FC Bayern Munich •Most-watched NFL Network's international game on record in the United States with more than 5.8 million viewers (does not count OTA viewing in Tampa and Seattle) •German broadcaster ProSieben saw a rec
Slide 30: #1 By far #7 No major step up New entry
#1 By far #7 No major step up New entry
Slide 31: Solutions to cope with complementarity
SOLUTIONS TO COPE WITH COMPLEMENTARITY =V5E BETWEEN « UNCOMPRESSED » AND « COMPRESSED » High quality of images Compress (distribution a FHD 3.000Mbps 4K 12.000Mbps Compress Mbps (production ea Ao Lower quality of images For compress at production: Cloud becomes more relevant Lower entry barriers in
Slide 32: Broadcast & cloud for in-venue production
BROADCAST & CLOUD FOR IN-VENUE PRODUCTION =V5E CLOUD HAS LIMITED APPLICABILITY Balanced computing = On-prem g Premium ion a a o mD a O Ee On-prem Secundary a Bandwidth in venue 32
Slide 33: Cloud is not the panacea in terms of pricing
CLOUD IS NOT THE PANACEA IN TERMS OF PRICING Basecamp decamps from cloud: ‘Renting computers is (mostly) a bad deal’ / Some companies having reached mature Why does it always rain on renters, asks CTO? traffic [steady & predictable] are now 4 tan cat mmezooazo 4spute switching back from cloud to on-
Slide 34: Broadcast & cloud for permanent production setups
BROADCAST & CLOUD FOR PERMANENT PRODUCTION SETUPS =V5E CLOUD PRICING MAKES IT IRRELEVANT FOR REGULAR USAGE ra oO = On-prem & 3) private > datacenters Rcd a Utilization 34
Slide 35: Subscriptions & on-demand, not only for cloud
SUBSCRIPTIONS & ON-DEMAND, NOT ONLY FOR CLOUD
Slide 36: Many factors teasing customers to upgrade installed base
MANY FACTORS TEASING OUR CUSTOMERS =V5 FOR UPGRADING THE INSTALLED BASED / Support of new XT-VIA features ~- UHD — More 1080p channels / Additional features of LSM-VIA — Programmability Migrate installed base — Many shortcuts / Support of complementary workflows — XTRAMOTION — Integration with Cereb
Slide 37: Combining products to create the perfect solutions
COMBINING PRODUCTS TO CREATE THE PERFECT SOLUTIONS =V5S r LiveCeption Media@eption Live production, replays and Production asset management Routing and infrastructure highlights solutions that solutions for fast and easy solutions to content turnaround + Faster integration thanks to workflows integr
Slide 38: Producing a sport event
PRODUCING A SPORT EVENT CAMERAS CONNECTED TO AN OBVAN FULL OF EQUIPMENTS = This picture: 4 cams only * Classico in BE: 12-16 cams = Champions league top match: 30-40 cams = Superbowl (US football): 100+ cams
Slide 39: Let's visit a typical OBVan
LET’S VISIT A TYPICAL OBVAN Truck Engineer TECHNICAL CONTROL ( — Tae MULTIPURPOSEROOM = ES PRODUCTION a Ais Dio Die fis Pini EVS operators | ELL a ae + Much more equipments = |
Slide 40: The Superbowl compound and remote production
| THE SUPERBOWL COMPOUND AND... REMOTE PRODUCTION FOR ONE OPERATOR DUE TO COVID 5 Trucks (Multi unit], 3 OB Companies and ... 1 Hotel Room during covid
Slide 41: For easier remote production, faster highlights & custom workflows
Adoption/Adaptation a matter of minutes • • • • • • For easier remote production, faster highlights & custom workflows
Slide 42: MediaCeption - a series of apps for different operators
MEDIACEPTION - A SERIE OF APPS FOR THE DIFFERENT KINDS OF OPERATORS FOR FAST TURN-AROUND CONTENT FROM INGEST TO PLAYOUT TINGEST 7 RECORD TIMPORT SEARCH T CREATE / LOG TPLAY | JOBS ASSET MANAGER LIVE EDITOR LOGGER PLAYOUT CONTROLLER EVS/LSM OPERATOR POST-PROD EDITOR < Production apps rain > VIA platf
Slide 43: Many functions and jobs linked to MediaCeption
MANY DIFFERENT FUNCTIONS AND JOBS LINKED TO MEDIACEPTION 43 Master control room, See 9 | LI File management oj
Slide 44: Broadcast center facilities
BROADCAST CENTER FACILITIES
Slide 45: Media infrastructure solutions for transformation towards IP
MEDIA INFRASTRUCTURE SOLUTIONS TO SUPPORT OUR CUSTOMERS IN THEIR TRANSFORMATION TOWARDS IP
Slide 46: Passionate since years
| PASSIONATE SINCE 25 YEARS WE WANT TO CONTINUE TO MARK THE DIFFERENCE Most reliable/robust live Largest community of Practical tools crafted Responsive and Solid partner content recording & highly skilled operators for live production valuable field support _ investing in innovation playout system
Slide 47: A worldwide channel partner program
A WORLDWIDE CHANNEL PARTNER PROGRAM
Slide 48: EVS brand recognized through regular awards
EVS BRAND RECOGNIZED THROUGH REGULAR AWARDS SINCE 2019 - EXAMPLES 48 Show WINNER wie =V5i | Neuron PROTECT TV TECH NAB21, DMW 21 Be) a TVTECH BEST OF SHOW NAB22 Sai Se SATIS 22 TVB EUROPE IBC22 Best eSports production 2019, EVS & ESL Company awards 2022 - Innovation award (Wallonia International Bus
Slide 49: Technology backbone at international flagship events since 1996
Technology backbone at international flagship events since 1996 2022
Slide 50: Sweet Spot Market Size in €
Market Size in € 230mio€ 235mio€ 240mio€ Up to 175mio€ TAM: 705Mio€ Sweet Spot:up to 310Mio€ Market share: 21,6% Up to TAM TAM 75mio€ TAM TAM Up to 60mio€ Sweet Spot Sweet Spot Sweet Spot
Slide 51: Competitors to beat to become number 1
WE HAVE COMPETITORS TO BEAT IN ORDER TO BECOME NUMBER 1 IN OUR INDUSTRY
Slide 52: Sustainable organic growth from live audience business and media infrastructure
SUSTAINABLE GROWTH IN ORGANIC MODE WILL COME FROM LIVE AUDIENCE BUSINESS AND MEDIA INFRASTRUCTURE
Slide 53: Agenda
Ill AGENDA IM 53 AGENDA ~~r~rw~r~r~~r~r~rrnorn4trmrcaTt 08:30 - Welcome 09:00 - CEO Introduction 09:15 - EVS as a value company 10:00 - EVS as a broadcast solution leader 11:00 - Coffee break 11:15 - EVS healthy & profitable growth 12:15 - Lunch 13:15 - Visit of HQ & demos 14:30 - CEO closing 14:45
Slide 54: Agenda
Ill AGENDA IM 54 AGENDA ~~r~rw~r~r~~r~r~rrnorn4trmrcaTt 08:30 - Welcome 09:00 - CEO Introduction 09:15 - EVS as a value company 10:00 - EVS as a broadcast solution leader 11:00 - Coffee break 11:15 - EVS healthy & profitable growth 12:15 - Lunch 13:15 - Visit of HQ & demos 14:30 - CEO closing 14:45
Slide 55: The EVS team & the magnet story
THE EVS TEAM & THE MAGNET STORY
Slide 56: Play Forward
PLAY FORWARD
Slide 57: Historical revenue performance
HISTORICAL REVENUE PERFORMANCE
Slide 58: What did change since 2019?
WHAT DID CHANGE SINCE 2019? A VIRTUOUS CIRCLE OF DOING THE RIGHT THINGS … RIGHT
Slide 59: Last 12 months evolutions & actions
LAST 12 MONTHS EVOLUTIONS & ACTIONS CONTRIBUTING TO EVS EVOLUTION JOURNEY ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 60: Leadership team
Veerle De Wit Serge Van Herck Nicolas Bourdon Quentin Grutman Chief Financial Officer Chief Executive Officer Chief Marketing Officer Chief Customer Officer Xavier Orri Pierre Matelart Alex Redfern EVP Operations & Projects Chief People Officer Chief Technology Officer
Slide 61: The Discipline of Market Leaders
*The Discipline of Market Leaders‘ M. Treacy and F. Wiersema
Slide 62: Leader in live video technology
Leader in live video technology for broadcast and new media productions — ~@":@ =V5s
Slide 63: All Hands presentation 2021
ALL HANDS PRESENTATION 2021
Slide 64: 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.
Slide 65: Remember this…
Remember this… We create emotion For billions of people All over the world Every day All-Hands 2022
Slide 66: Where we operate?
EVS UK WHERE WE OPERATE ? = EVS IBERICA EC. EVS EAST COAST EVS FRANCE EVS MEXICO S EVS ITALIA EVS DUBAI °°. * + 3S, EVS SINGAPORE EVS AUSTRALIA
Slide 67: Global footprint in high-end live productions
GLOBAL FOOTPRINT IN HIGH-END LIVE PRODUCTIONS
Slide 68: Customers we serve - market pillars
CUSTOMERS WE SERVE - MARKET PILLARS ra @ /_ LIVE AUDIENCE BUSINESS (LAB) Broadcasters, Stadium, House of Worship, Corporate Media Centers, Sports organizations, Government & institutions, University & Colleges / LIVE SERVICE PROVIDERS (LSP) Rental & facilities companies, Production companies, Freela
Slide 69: Our BHAG
OUR BHAG BECOME THE NUMBER ONE SOLUTION PROVIDER IN LIVE VIDEO INDUSTRY
Slide 70: The other major players in broadcast market
THE OTHER MAJOR PLAYERS IN BROADCAST MARKET
Slide 71: Visionary BluePrint
Visionary BluePrint All Hands 2022
Slide 72: VIA Platform
Learning Contract Professional services Assistance Support Consultancy VIA Platform Replay Compose Edit Creative tools Enrich Services ODA 3rd Parties Production Planning Cost tracking Ingest / Play e-Store Template Production API Management Asset Configuration Users Workflow 3rd Parties Management
Slide 73: Flexible Control Room
All Hands 2022 Flexible Control Room In partnership with RTBF → evs.com
Slide 74: Next generation solution to boost productivity
This next generation solution is intended to boost productivity and creativity while introducing maximum flexibility to the public broadcaster's production processes Follo Frenc! -speaking Belgian Broadcaster RTBF ct
Slide 75: Before / After: improving productivity for recurring formats
EVS initiates Industry transformation - Improving productivity for recurring formats in a convergent environment APPLICABLE FOR TV, RADIO AND DIGITAL BEFORE AFTER More mono-function operators Less multi-function operators supported by automation 1 panel/screen per main system Flexible touch screen U
Slide 76: Play Forward strategy map
S |PLAY FORWARD or STRATEGY MAP SV5
Slide 77: Then we got in
‘THEN WE GOT IN A te i
Slide 78: Getting into a hurricane - COVID-19
GETTING INTO A HURRICANE - THE WORLD IS HIT BY COVID-19
Slide 79: We reinvented ourselves
WE REINVENTED OURSELVES
Slide 80: Slide 80
Slide 81: EVS accelerated solutions enabling remote production
EVS ACCELERATED SOLUTIONS ENABLING REMOTE PRODUCTION Distant ‘remote’ Production A majority of equipment is housed at the event site, but some operational staff are located at the broadcast center. Centralized Production A majority of production equipment is housed in the central facility for the pr
Slide 82: Profile of EVS acquisition targets and expected synergies
PROFILE OF EVS ACQUISITION TARGETS AND NATURE OF EXPECTED SYNERGIES / Profile of EVS acquisition targets / Nature of expected synergies ° The objective is to complement the ° Geographical synergies : EVS offering solution blueprint, with minimal overlap. the opportunity to sell products in regions n
Slide 83: Axon acquisition: initial situation May 2020
AXON ACQUISITION INITIAL SITUATION IN MAY 2020 - BEGINNING OF COVID 83 Axon situation in May 2020: 2019 revenues around 17.5MEUR Declining revenues for 5 years Hardly profitable No solid investor Threatened by Covid No revenues from US Main revenues from Synapse (legacy product} No salary increase f
Slide 84: Axon acquisition: successful integration
AXON ACQUISITION SUCCESSFUL INTEGRATION 84 1-year integration project Se 1-year continuous efforts Active listening Integration of Axon team in different parts of EVS org chart Strengthening of the team with external and EVS talents Rebranding, redesign of the packaging Co-development of a new EVS r
Slide 85: Slide 85
Slide 86: Slide 86
Slide 87: Slide 87
Slide 88: Rebranding of media infrastructure products
88 REBRANDING OF MEDIA INFRASTRUCTURE PRODUCTS BONE [NEURON ///7] CEREBRUM ///@ L
Slide 89: Introducing the Network Attached Processor
ET// INTRODUCING THE NETWORK ATTACHED PROCESSOR BRIDGE CONVERT PROTECT SHUFFLE COMPRESS Bridging IP to SDI up/down/cross, From backup switching $12110-30/31 and AESO7 Extreme low latency Bridging SDI to IP HDR<>SDR, Retiming and based on probing to central audio Contribution Compression many audio t
Slide 90: FOX Sports orders first major Media Infrastructure Strada solution in USA
=VS Il \l (i fae | NAB 2022 ee) & = || ~ FOX Sports orders Nai first major Media Infrastructure Strada solution in USA
Slide 91: Axon acquisition: situation end of 2022
91 AXON ACQUISITION SITUATION END OF 2022 Initial EVS intent Situation end 2022 Geo & sales synergies ™Sell Media Infrastructure in NALA = Multi-million deals in NALA for both LAB and LSP customers ™ Revenues reaching historic record considering Axon last 8 years thanks to many contracts with tradit
Slide 92: Team members evolution
TEAM MEMBERS EVOLUTION STRONG HIRING TO SUPPORT OUR GROWTH AND PREPARE FUTURE SOLUTIONS
Slide 93: Engagement survey 2022 - summary
ENGAGEMENT SURVEY - 2022 - SUMMARY 1% 3799 37% 5% 789%, 78% “a | | i q | | | | ISEVSAGREAT Trustindex Credibility Respect Faimess Pride Camaraderie PLACE TO WORK 2019 m2020 m2021 m2022 mCompanies between 500 & 1000 employees =VS High Response Rate > 80% EVS is a Great Place to Work 9 1 % (+2%) Trust
Slide 94: Onboarding & Efficiency
Important team increase in 2022 ! Onboarding & Efficiency We expect our team to stay at the same size until the end of 2023 The team is there and ready – let’s align the magnets to increase the efficiency… ensure business priorities … and value creation All-Hands 2022 All-Hands 2022
Slide 95: Agenda
Ill AGENDA IM 95 AGENDA ~~r~rw~r~r~~r~r~rrnorn4trmrcaTt 08:30 - Welcome 09:00 - CEO Introduction 09:15 - EVS as a value company 10:00 - EVS as a broadcast solution leader 11:00 - Coffee break 11:15 - EVS healthy & profitable growth 12:15 - Lunch 13:15 - Visit of HQ & demos 14:30 - CEO closing 14:45
Slide 96: World economic situation in 2022
World economic situation in 2022 All-Hands 2022
Slide 97: 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, very healthy pipeline • MI, cloud recording and MediaHub were the stars of the booth • Balanced computing concept
Slide 98: Storm ahead of us?
Storm ahead of us? Let's prepare the ship! Some initial guidelines for 2023 : • Beat revenue of 2022 • Improving profitability and efficiency: • Prioritization and focus • Rebalancing work force in line with priorities • Keep our operational costs under control All-Hands 2022
Slide 99: 6 Key Learnings
6 Key Learnings The industry keeps on Big tech provider are on 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 All-Hands 2022
Slide 100: Thank you!
=V5 Thank you! Gz=>p 0000
EVS Broadcast Equipment — Investor Day (November 2022) on 6ix