Slide 1: FY19 Results Presentation
FY19 Results Presentation Atomosunlocks creativity and profitfor video content creators 29 August 2019 Advanced technology allows faster, higher quality, more flexible productions
Slide 2: Agenda
Agenda About Atomos 3 FY19 in Summary 6 Financial Results 9 Operational Update 15 Growth Initiatives 20 Appendices 23 Presenting: Jeromy Young Managing Director & CEO James Cody CFO
Slide 3: Our vision is to invent and deliver
“Our vision is to invent and deliver ground breaking and disruptive technologies that enhance, simplify and ultimately democratise video content creation”
Slide 4: Content Creation Workflow
Content Creation Workflow CAPTURE PROCESS & ENHANCE FINISH & DELIVERY From the sensor of Atomos products enhance contentcreation, quality and Edit, Colour Grade, Titles, Graphics all major camera manufacturers creativity Finish in Post Atomos’ devices are compatible with all levels of contentcreatio
Slide 5: 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 SHINOBI NINJA Atomos Products SHOGUN SUMO NEON 23% CAGR 18
Slide 6: Agenda
Agenda About Atomos 3 FY19 in Summary 6 Financial Results 9 Operational Update 15 Growth Initiatives 20 Appendices 23
Slide 7: FY19 Financial Summary
FY19 Financial Summary* (Full year ending, 30 June 2019) • Revenue up 51% year on year to $54.0m Sales • Exceeded FY19 Prospectus revenue forecast of $42.2m by 28% • Driven by strong sales of new products Ninja V and Shinobi, coupled with existing flagship product Shogun Inferno • Gross profit up 39
Slide 8: FY19 Operational Summary
FY19 Operational Summary • Completed development of Ninja Platform, the core technology platform underpinning current product range • Ninja V (5” monitor recorder) released in September 2018, first product powered by Ninja platform New Products • Released two versions of Shinobi (5” monitor), cateri
Slide 9: Agenda
Agenda About Atomos 3 FY19 in Summary 6 Financial Results 9 Operational Update 15 Growth Initiatives 20 Appendices 23
Slide 10: Pro Forma Income Statement
Pro Forma Income Statement* Key Insights: I ncom e St a t e m e nt - P ro F orm a F Y 19 ( A$m) F Y 18 F Y 19 V a ria nce P rosp e ct us • Revenue up 51% year on year to $54.0m Rev enue 35.6 54 .0 51% 4 2.2 • Exceeded FY19 pro forma Prospectus revenue forecast by 28% COGS ( 18.3) ( 29.9) ( 63%) ( 22
Slide 11: Atomos – A financial snapshot
Atomos – A financial snapshot Pro Forma Revenue ($m)1 Revenue by Market Segment (FY18 vs. FY19) $60.0m 54.0 FY18 FY19 $50.0m $3.5m Social $4.3m 35.6 29.7 $8.3m $40.0m Pro Video 31.1 2H 30.5 $30.0m 27.5 Entertainment 17.3 16.7 2H $20.0m 2H 24.2 $10.0m 14.4 18.… 1H $30.9m 1H $41.0m $0.0m FY15 FY16 FY1
Slide 12: Pro Forma Balance Sheet
Pro Forma Balance Sheet P ro F orm a ( A $ m ) H 119 F Y 19 Key Insights: Cash and cash eq uiv alent s 5.2 5.1 • Strong balance sheet with $5.1m cash as at 30 June 2019 Trad e and ot her receiv ab les 6.1 8.0 Inv ent ories 11.1 7.9 – Raised additional $7.5m (before costs) in July 2019 via Placement
Slide 13: Statutory Cash Flows
Statutory Cash Flows St a t e m e nt of C a sh F low s ( A $ m ) F Y 19 F Y 18 Key Insights: O p e ra t ing a ct iv it ie s Receip t s f rom cust omers 52.9 34 .9 • Operating cash outflow reflects growth in working capital driven by Pay ment s t o sup p liers and emp loy ees ( 57.0 ) ( 37.8) success
Slide 14: Income Statement Reconciliation – Statutory to Pro forma
Income Statement Reconciliation – Statutory to Pro forma I t e m s not I t e m s not in t he ord ina ry course of b usine ss ( 2 0 19 ) $ ’0 0 0 2 0 19 in t he U nd e rly ing Re v e nue $ ’0 0 0 Re p ort e d ord ina ry Re sult Sales t o sup p liers: sup p lier p ass t hroug h sales at no marg in (
Slide 15: Agenda
Agenda About Atomos 3 FY19 in Summary 6 Financial Results 9 Operational Update 15 Growth Initiatives 20 Appendices 23
Slide 16: Products – Social & Pro Video
Products – Social & Pro Video • Completed development of Ninja Platform - core technology platform underpinning current product range • Ninja V (5” monitor recorder) - first product powered by Ninja platform launched in September 2018 – Caters to both Social and Pro Video customers, enabling improve
Slide 17: Products - Entertainment (Neon Cinema Series)
Products - Entertainment (Neon Cinema Series) • Announced Neon series of HDR Cinema monitors • Designed for on-set and in-studio – Film & Episodic TV – Live on-set TV – Live Event Production – Indie Filmmaking • Four sizes – 17”, 24”, 31” and 55” • High quality 4Kp60 / HDp240 Apple ProRes Raw record
Slide 18: Products – Neon Cinema Series Product Workflow
Products – Neon Cinema Series Product Workflow • The overarching purpose of our products is to enhance the workflow of video professionals • We believe the Neon series achieves this across multiple roles both on-set and in-studio © Atomos 2019 | FY19 Results Presentation 18
Slide 19: Partnerships – Continuing to build a global ecosystem of partners
Partnerships – Continuing to build a global ecosystem of partners • Further strengthened partnership with Nikon allowing RAW video output and Apple ProRes RAW video capture • Established license agreement with Dolby Vision – 1st globally with access to Dolby algorithm for incorporating into recordin
Slide 20: Agenda
Agenda About Atomos 3 FY19 in Summary 6 Financial Results 9 Operational Update 15 Growth Initiatives 20 Appendices 23
Slide 21: Growth Pathways
Growth Pathways Growth Drivers Description Promoting Existing Products • Continue to drive sales of current product portfolio building upon momentum in FY19 whilst driving New Product Development • Leverage technology portfolio to develop products consistent with roll-out strategy Continue Expansion
Slide 22: Outlook for FY20
Outlook for FY20 • Atomos is well placed to capitalise on existing market positions through: – continued growth in traditional Pro Video segment; – building on initial base in Social; and – penetration and growth of presence in Entertainment • This will be reflected through continued: – solid growth
Slide 23: Agenda
Agenda About Atomos 3 FY19 in Summary 6 Financial Results 9 Operational Update 15 Growth Initiatives 20 Appendices 23
Slide 24: Global Operations
Global Operations Officesin major global locationsandstrongsales channels FY19 Sales byRegion • 95StaffGlobally* PORTLAND LONDON PARIS FRANKFURT NEWYORK Asia 21% • 10 Offices in 7 Countries LOSANGELES BEIJING TOKYO US SHENZHEN 50% US53% • Strong Global SalesChannel EMEA 28% • Broad retailer and rese
Slide 25: Growth in Atomos’ Markets
Growth in Atomos’ Markets Social Content Pro Video Content Entertainment Content Accessibility of new social media platform allows individuals to Market wide increase in video-focused corporate marketing, Increased original content by new online streaming platforms is produce, share & monetise their
Slide 26: Atomos unlocks the creative and commercial potential of digital cameras
Atomos unlocks the creative and commercial potential of digital cameras Lower quality Despite the advanced technology of modern digital monitor cameras, users are limited by: • Heavily compressed recordeddata • Not designed for computerworkflows Complex • Short record times menus • Expensive media •
Slide 27: Atomos devices take images directly from the camera’s sensor
Atomos devices takeimages directlyfrom the camera’s sensor, then enhance, record and distributethem for contentcreation © Atomos 2019 | FY19 Results Presentation 27
Slide 28: Product Suite
Product Suite 4K Monitor Recorders Production / Studio Broadcast & Accessories Shogun Studio + Converters + NINJA + SHINOBI Range SHOGUN Range SUMO Range NEON Cinema Series Accessories • Ninja HDMI only – includes AtomX • HDMI & Quad SDI inputs • Larger format 19” monitor recorder • HDR cinema monit
Slide 29: Key Terms Explained
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 frame - • Recording Format or “Codec” refers to how
Slide 30: Growing the Atomos Ecosystem…
Growing the Atomos Ecosystem… © Atomos 2019 | FY19 Results Presentation 30
Slide 31: Contacts
Contacts For further information on this presentation, please contact: Key upcoming Tradeshows / Conferences: James Cody Matthew Wright Name Location 2019 Dates Chief Financial Officer Media relations IBC Amsterdam 13 - 17 September +61 3 9999 5908 +61 451 896 420 james@atomos.com matt@nwrcommunicat
Slide 32: 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 33: © Atomos 2019 | FY19 Results Presentation
© Atomos 2019 | FY19 Results Presentation