Evs Broadcast Equipment Sa · EURONEXT:EVS
Evs Broadcast Equipment Sa — Investor Day (November 2024)
70 slides from Evs Broadcast Equipment Sa's investor day presentation, Nov 26, 2024
Slide 1: Investor Day
Investor Day Serge Van Herck CEO Veerle De Wit CFO Benoit Quirynen SVP Strategy & Partnerships November 26th, 2024 → evs.com EVS Investor Day 2024
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
Agenda 1. EVS intro 2. Corporate strategy 3. What happened in 2024: Major summer events, M&A transactions 4. Market dynamics 5. Solutions update (LiveCeption, MediaCeption & MediaInfra) 6. Generative AI 7. Closing The content of this presentation is proprietary, confidential and solely for the use o
Slide 4: EVS Investor Day
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Slide 5: Overview: Who, What, Why
Overview Who Leader in live video What Replays & highlights, Why Create engaging technology for video assistance, asset viewing experiences broadcast & new management, routing & for billions of viewers media productions media infrastructure around the world EVS Investor Day 2024 EVS Investor Day 202
Slide 6: We help our customers deliver the most gripping live sports images
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. EVS Investor Day 2024 EVS Investor Day 2024
Slide 7: Markets we serve
Production facilities & service providers Markets Sports & events we serve organizations Broadcast & media networks EVS Investor Day 2024 EVS Investor Day 2024
Slide 8: Markets we serve – structured by market pillars
Markets we serve – structured by market pillars Broadcast Sports & events Production facilities & media networks organizations & service providers Live Audience Business Live Service Providers EVS Investor Day 2024 + BER
Slide 9: Market pillars illustrated
Market pillars illustrated Broadcast Sports & events Production facilities & media networks organizations & service providers Live Audience Business Live Service Providers EVS Investor Day 2024 + BER
Slide 10: Powering the world's biggest live sporting events
Powering the world’s biggest live sporting events EVS Investor Day 2024 EVS Investor Day 2024
Slide 11: Resources at a glance (2023)
Resources at a glance (2023) International footprint HQ IN LIÈGE + 18 offices 173.2M 34 nationalities Belgium across the globe revenue Founded in +600 41.1M Publicly traded 1994 team members EBIT since 1998 EVS Investor Day 2024 EVS Investor Day 2024
Slide 12: Global presence
Global presence Amsterdam Brussels Dubaï Gilze Liège (HQ) Beijing London Hong-Kong Los Angeles Madrid Singapore New York Milan Sydney Munich Paris Porto Toulouse Development Centers Customer Success Offices EVS Investor Day 2024 EVS Investor Day 2024
Slide 13: Revenue evolution in time
Revenue evolution in time Start-up Scale-up Hesitate Focus on growth ADOPTION PRODUCTION REPLAY HD WORKFLOWS OF 4K & IP OPTIMIZATION 190-200 173 148 138 138 129 131 131 119 119 116 111 111 107 103 95 88 85 77 50 52 37 39 35 36 22 20 10 5 2 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Slide 14: Our Main Driving Strengths
Our Main Driving Strengths Solutions Transforming Customers Highly Practical Shaped for & Solid Intimate & responsive Innovation Live Conditions Partners User Driven customer addressing the support most demanding needs EVS Investor Day 2024 EVS Investor Day 2024
Slide 15: Supported by a passionate user community
Supported by a passionate user community 7,000+ EVS Investor Day 2024 EVS Investor Day 2024
Slide 16: ESG holistic approach
ESG holistic approach Minimizing the Sustainable A more sustainable Social impact of our solutions workplace supply chain responsibility Facilitating remote workflows Solar panels and +100 EV Towards a sustainable Charity day charging points procurement policy Hardware virtualization Sponsorship pro
Slide 17: Sustainable value creation
Sustainable value creation 19.5 ESG Risk Low Risk Rating EVS Investor Day 2024 17
Slide 18: Agenda
Agenda 1. EVS intro 2. Corporate strategy 3. What happened in 2024: Major summer events, M&A transactions 4. Market dynamics 5. Solutions update (LiveCeption, MediaCeption & MediaInfra) 6. Generative AI 7. Closing The content of this presentation is proprietary, confidential and solely for the use o
Slide 19: Our Ambition for 2030
+350M Our Ambition for 2030 EVS Investor Day 2024 EVS Investor Day 2024
Slide 20: Corporate strategy
Corporate strategy 2015 2023 2028 From leading replay To optimized To Live production centric products media solutions ECOSYSTEM in premium market in multi-tier markets CAPEX only More OPEX & On-Demand Mainly in OB vans Growing in broadcast centers EVS Hardware + EVS Software + EVS SaaS Mainly sport
Slide 21: Our DNA value discipline
We provide innovative Our DNA solutions & related value discipline* services that perfectly meet our customer expectations EVS Investor Day 2024 *The Discipline of Market Leaders‘ M. Treacy and F. Wiersema
Slide 22: Proven Customer Intimacy
Proven Customer Intimacy “Great” Net Outspoken culture Certification Loyal and engaged Promoter Score and DNA program designed operator community for Channel Partners EVS Investor Day 2024
Slide 23: Strong foundations resulting from PLAYForward strategy
Strong foundations resulting from PLAYForward strategy IS EVS A GREAT PLACE TO WORK 92% 91% 87% 89% Serge Veerle De Xavier Pierre 67% Van Herck Wit Orri Matelart Chief Chief Chief Chief Executive Financial Experience People Officer Officer Officer Officer Nicolas Quentin Alex Oscar Bourdon Grutman R
Slide 24: Over 150 Channel Partners Worldwide
Over 150 Channel Partners Worldwide + Helping to expand globally + Increasing sales in new market segments + Dedicated Channel Partner managers and certification program EVS Investor Day 2024 EVS Investor Day 2024
Slide 25: Strengthening our position in North America
Strengthening our position in North America to achieve growth and BHAG More Better talents and more A sales team dedicated to US Channel Partners with expertise to support local “Strategic Accounts” greater support organization EVS Investor Day 2024
Slide 26: New solutions will significantly expand EVS's TAM
Continuous developments of new solutions will allow EVS to significantly expand its TAM, unlocking new growth potential EVS Investor Day 2024
Slide 27: Verticals using EVS' product: Land & Expand
EVS has built recent growth based on a unique and repeatable “Land & Expand” value creation formula Initial Expand Repeatable model LiveCeption (Replay) MediaCeption Media Infrastructure Big events Hubs (remote/ hybrid) LSPs Verticals using EVS’ product Historical stronghold OB Vans on replay techno
Slide 28: Proceeding with new acquisitions to support growth
Proceeding with new acquisitions to support growth Targeted synergies Intrinsic target profile • Sales synergies/same customers • Affordable size for integration • Portfolio synergies • Same DNA of customer intimacy with new and/or better solutions • Expertise synergies • Aligned and focused teams S
Slide 29: Agenda
Agenda 1. EVS intro 2. Corporate strategy 3. What happened in 2024: Major summer events, M&A transactions 4. Market dynamics 5. Solutions update (LiveCeption, MediaCeption & MediaInfra) 6. Generative AI 7. Closing The content of this presentation is proprietary, confidential and solely for the use o
Slide 30: Big events: ideal storefront for EVS solutions
Big events: ideal storefront for EVS solutions Live replays and highlights packaging at IBC and all venues with LiveCeption® File-based ingest and advanced logging at IBC with MediaCeption® Contribution and processing from venues with MediaInfra Central (nearline) video storage at IBC with XStore® G
Slide 31: Transactions to support our growth
Transactions to support our growth Acquisition & integration of Minority investment in Company Company • Founded in 2002 - Based in Porto (Portugal) • Founded in 2014 - Based in Leuven (Belgium) • 47 team members • 24 team members • <4 MEUR revenues in 2023 • >4 MEUR revenues in 2023 • Expertise in
Slide 32: Storiez NRCS solution launched at IBC2024
launched NRCS solution Storiez at IBC2024 On top of Cuez rundown editor used for general purpose production, TinkerList introduced Storiez, a new, fully cloud-based “story-centric” NRCS to simplify the job of journalists in a cross-media world, based on the principles of Modular Journalism! EVS will
Slide 33: MOG Technologies & TinkerList broaden EVS footprint
MOG Technologies & TinkerList to broaden EVS footprint for news production and more TinkerList VIA-MAP STORIEZ XS VIA-MAP Neuron View Cerebrum VIA-MAP TinkerList VIA-MAP CUEZ XT/XS servers MOG Strada Neuron Apps EVS Investor Day 2024
Slide 34: Strong cash-flow generation ensuring return to shareholders
Strong cash-flow generation ensuring return to shareholders Strong topline Improving profit margins A phased and controlled performance demonstrating our expense base, pricing power and ability generating an EBIT to increase the portion margin in line with our of SW in our solutions business model (
Slide 35: Agenda
Agenda 1. EVS intro 2. Corporate strategy 3. What happened in 2024: Major summer events, M&A transactions 4. Market dynamics 5. Solutions update (LiveCeption, MediaCeption & MediaInfra) 6. Generative AI 7. Closing The content of this presentation is proprietary, confidential and solely for the use o
Slide 36: Market continues to observe growth
Market continues to observe growth GROWING SUPPLY SHIFT IN CLIENT CHANGES IN OF LANDSCAPE OPERATING LIVE EVENTS STRUCTURE MODELS NEW CHANGING TECHNOLOGY MACRO ESG TRENDS CONTEXT EVS Investor Day 2024
Slide 37: Technology evolutions supporting customers' transformation
Developing technology evolutions to support the necessary transformation of EVS’s customers Trends addressed in EVS portfolio EVS Investor Day 2024
Slide 38: EVS investments in line with market needs
EVS investments in line with current and future market needs MediaCeption® LiveCeption® MediaInfra MediaInfra MediaCeption® LiveCeption® EVS Investor Day 2024 Source: Media CTO budgets for 2025 & beyond - Extracts of Media CTO survey by DPP – Nov 2024
Slide 39: EVS gaining market share versus competitors
EVS as a major player, gaining market share versus competitors defocusing from premium broadcast Others Others Others Others EVS 9-10% EVS 3-4% EVS 8-10% EVS 35-40% EVS Investor Day 2024
Slide 40: EVS is the only company with consecutive years of NPS growth
EVS is the only company with 3 subsequent years of NPS growth in a row 53,4 55 % 45,2 48 46 45 39,9 42 41 35,3 39 35 35 34 30,2 33 32 32 35 31 27 22 11,8 5,5 15 12 12 10 9 5,5 8 8 6 5 0,9 4 2 1 0 0 -5 -5 -9 -20 -25 -22 -25 -35 -41,1 -45 Other vendors EVS Investor Day 2024 Source: Net Promoter Score
Slide 41: Agenda
Agenda 1. EVS intro 2. Corporate strategy 3. What happened in 2024: Major summer events, M&A transactions 4. Market dynamics 5. Solutions update (LiveCeption, MediaCeption & MediaInfra) 6. Generative AI 7. Closing The content of this presentation is proprietary, confidential and solely for the use o
Slide 42: LiveCeption: Live production, replays, and highlights
LiveCeption® Live production, replays, and highlights Live production IP-based Seamless file Generative AI- server integrating new replay transfer and based effects for all new formats experience archive live storytelling EVS Investor Day 2024 EVS Investor Day 2024
Slide 43: LiveCeption market and positioning
LiveCeption® market and positioning 250 • Our goal: Protect our leading position, Live production switchers through continuous differentiation and 200 Now excluded from TAM adoption of new business models • TAM is expected to stay flat over the 150 next 5 years • Estimated market share has increased
Slide 44: LiveCeption innovations
LiveCeption® innovations New XT-VIA licensing, 1 New effects in New Live Zoom feature server with 3 production XtraMotion: Cinematic modes, maximum flexibility integrated in LSM-VIA to upgrade from small to and Deblur replay large productions in Live Sports and Entertainment + Auto-cropping to 9:16
Slide 45: LiveCeption deployed for Women's Rugby
LiveCeption® deployed for Women’s Rugby • Fully remote production · Reduced onsite footprint · Greater cost efficiencies • Generative AI super slow-motion · Facilitating creative freedom · Ability to create iconic images and show more emotion · Tier 1 live storytelling for Tier 2 sports EVS Investor
Slide 46: MediaCeption: Live production asset management
MediaCeption® Live production asset management Flexible multi-feed End-to-end Access, manage, Integrated with and multi-format SDR/HDR workflow edit and share major editing ingest management from anywhere suites EVS Investor Day 2024 EVS Investor Day 2024
Slide 47: MediaCeption market and positioning
MediaCeption® market and positioning 700 • Our goal: Increase our market share in 600 LAB, covering sports, news & entertainment 500 • TAM in 2024 has increased with 400 acquisition of MOG opening up new opportunities 300 • The TAM from 2024 to 2029 is expected 200 to grow ~4% p.a. • EVS expects to
Slide 48: MediaCeption innovations
MediaCeption® innovations VIA MAP 1.0 XS-NEO MediaHub Asset Management Platform for Video server with maximum Content publishing and Convergent Media flexibility for Ingest and Playout distribution platform for content owners • Enhanced Media model for • Integrated in VIA MAP apps Sports, News and •
Slide 49: Al Jazeera deploys MediaCeption
Al Jazeera deploys MediaCeption® • New deployment for major news operations • 5 bureaus (Doha, London, DC, NY, and Sarajevo) • 96 ingest and 120 playout channels • Central storage • VIA MAP to manage content • Integration with Avid, Mozart, and Arvato • 5 SLA • Shipment and installation in Q2 2025 •
Slide 50: MediaInfra: Infrastructure management, routing & processing
MediaInfra Infrastructure management, routing & processing Broadcast control Real time IP Real time SDI IP and SDI and monitoring video and audio processing and routing system processing multiviewing EVS Investor Day 2024 EVS Investor Day 2024
Slide 51: MediaInfra market and positioning
MediaInfra market and positioning 600 • Our goal: Double our market share by 2029 500 • TAM increased around 1% p.a. 400 • EVS can double market share through effective cross-selling to existing clients, 300 gaining share from e.g. GV, Imagine, Evertz & Ross 200 100 0 TAM Revenues 2024 2029 EVS Inve
Slide 52: MediaInfra innovations
MediaInfra innovations Cerebrum Neuron Near-universal control system Network Attached Processing • More templates for less • Power efficient signal customization efforts processing • Resource management modules • Saving 90% of power costs vs for optimized customer a pure SW solution infrastructure •
Slide 53: MediaInfra ordered by large US bank
MediaInfra ordered by large US bank, made possible by Channel Partner • Large bank deploys broadcast-grade infrastructure for internal and external communication • Neuron for signal processing • Cerebrum as the orchestrator of the entire production environment • Largest MI deal ever, made possible b
Slide 54: Agenda
Agenda 1. EVS intro 2. Corporate strategy 3. What happened in 2024: Major summer events, M&A transactions 4. Market dynamics 5. Solutions update (LiveCeption, MediaCeption & MediaInfra) 6. Generative AI 7. Closing The content of this presentation is proprietary, confidential and solely for the use o
Slide 55: Enhanced MediaCeption workflow with 3rd-party AI
Enhanced MediaCeption® workflow with 3rd-party AI Natural Language search Face and emotion recognition Search for faces, emotions, compute fingerprints On-Prem Large Language Models Summarization, translation, metadata generation, automatic caption creation EVS Investor Day 2024
Slide 56: Broadcast-specific near real-time Generative AI
EVS has developed broadcast-specific near real-time Generative AI to improve image quality with great ROI EVS has developed a set of near real-time graphical effects based Generative AI and Computer Vision expertise, enhancing our ecosystem. XtraMotion® to replace Cinematic effect to replace Deblurr
Slide 57: Broadcast-specific near real-time Generative AI
EVS has developed broadcast-specific near real-time Generative AI to improve image quality with great ROI EVS has developed a set of near real-time graphical effects based Generative AI and Computer Vision expertise, enhancing our ecosystem. XtraMotion® to replace Cinematic effect to replace Deblurr
Slide 58: Broadcast-specific near real-time Generative AI
EVS has developed broadcast-specific near real-time Generative AI to improve image quality with great ROI EVS has developed a set of near real-time graphical effects based Generative AI and Computer Vision expertise, enhancing our ecosystem. XtraMotion® to replace Cinematic effect to replace Deblurr
Slide 59: Broadcast-specific near real-time Generative AI
EVS has developed broadcast-specific near real-time Generative AI to improve image quality with great ROI EVS has developed a set of near real-time graphical effects based Generative AI and Computer Vision expertise, enhancing our ecosystem. XtraMotion® to replace Cinematic effect to replace Deblurr
Slide 60: Broadcast-specific near real-time Generative AI
EVS has developed broadcast-specific near real-time Generative AI to improve image quality with great ROI EVS has developed a set of near real-time graphical effects based Generative AI and Computer Vision expertise, enhancing our ecosystem. XtraMotion® to replace Cinematic effect to replace Deblurr
Slide 61: Broadcast-specific near real-time Generative AI
EVS has developed broadcast-specific near real-time Generative AI to improve image quality with great ROI EVS has developed a set of near real-time graphical effects based Generative AI and Computer Vision expertise, enhancing our ecosystem. XtraMotion® to replace Cinematic effect to replace Deblurr
Slide 62: Without and with XtraMotion: activate all effects
without with XtraMotion® XtraMotion® Activate all effects on the same broadcast cameras, for a significant EVS Investor Day 2024 ROI improvement
Slide 63: All these workflows driven by LSM-VIA
All these workflows driven by LSM-VIA as part of the EVS ecosystem EVS Investor Day 2024
Slide 64: Agenda
Agenda 1. EVS intro 2. Corporate strategy 3. What happened in 2024: Major summer events, M&A transactions 4. Market dynamics 5. Solutions update (LiveCeption, MediaCeption & MediaInfra) 6. Generative AI 7. Closing The content of this presentation is proprietary, confidential and solely for the use o
Slide 65: Route to our BHAG (350M by 2030)
Route to our BHAG (achieving 350 € by 2030) BHAG linear growth 400 Financial power 350 300 to execute on M&A strategy 250 200 150 Organic growth from market 100 and gaining 50 market share 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Reality Est. linear growth EVS Investor Day 2024
Slide 66: Projected profitability with BHAG
Projected profitability with BHAG Profit margins are modeled to Future EBIT margins continue remain stable. to be modeled around 22-23%. There where the mix of solutions Organically we may expect some may impact the margin negatively, operational leverage, that is bound we see this being compensated
Slide 67: Focusing on our growth levers
Focusing on our growth levers Consolidate Further grow in Selectively Double down in leadership on MediaCeption & develop North America LiveCeption MediaInfra adjacencies EVS Investor Day 2024
Slide 68: Questions & Answers
Questions & Answers EVS Investor Day 2024
Slide 69: Thank you!
Thank you! evs.com EVS Investor Day 2024
Slide 70: EVS Investor Day
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