Blackbird Plc · LSE:BIRD
Blackbird — FY2020 Earnings Presentation
28 slides from Blackbird's earnings presentation, March 2021
Slide 1: Blackbird plc 2020 Final results
1. Blackbird plc 2020 Final results March 2021 Presentation team: Ian McDonough (CEO) Stephen White (COO/CFO)
Slide 2: Important Notice
2. Important Notice The information contained in this document (“Presentation”) has been The views of the Company’s management/directors and/or its Neither the issue of this Presentation nor any part of its contents is to be prepared by Blackbird plc (the “Company”). The Company is a UK partners set
Slide 3: Who we are & what we do
3. Who we are & what we do Blackbird plc The AIM listed developer and seller of Blackbird® Market cap of c.£94million (19th March 2021) Blackbird® IP company Cloud-native professional content creation SaaS business model Environmentally friendly Freedom and resilience
Slide 4: Executives and the Board
4. Executives The Board Ian McDonough, CEO Stephen White, CFO/COO Stephen Streater, R&D Director Former EVP of BBC Worldwide, Former VP Finance of NBC Universal, Former Managing Director of Eidos, SVP Managing Director, EMEA of Turner Head of FP&A BBC Worldwide Channels Blackbird Founder Non-Executi
Slide 5: 2020 Highlights
5. 2020 Highlights • Revenue up 45% year on year despite challenging market • Cash burn* down 32% year on year • Good progress against OEM strategy • Well positioned to capitalise on changing environment * Excluding net funds from share issues and transfers to short-term deposits
Slide 6: The world is going remote...
The world is going remote... SB BLACKBIRD
Slide 7: There are winners – and casualties
7. There are winners – and casualties v High Street v On Premise v Traditional Broadcasters v Commercial Real Estate & Travel v Traditional Chip Technology
Slide 8: How the winners are winning...
8. How the winners are winning… Convenience Reduced costs Human capital Carbon efficient
Slide 9: Remotely produced events expected to exceed 2,000
9. We expect the current 750 remotely produced events to be in excess of 2,000 in the near future DHAVAL PONDA Global Head, Media and Entertainment Services, Tata Communications
Slide 10: Blackbird is built for the new world...
10. Blackbird is built for the new world… Fast Flexible Resilient
Slide 11: Video editing: TCO vs Share of Wallet
11. Video editing: TCO vs Share of Wallet Total cost of ownership (TCO) in Public Cloud Share of wallet Blackbird saving Value £ Cost £ up to 25% Value x10 Non-Linear Editor Blackbird Non-Linear Editor (NLE) Blackbird (NLE) NLE licence fees Blackbird licence fees 3rd party fees • Blackbird takes 10
Slide 12: Video editing: TAM/SAM
12. Video editing: TAM/SAM Blackbird 2025 video editing software SAM $0.6billion* 2025 video editing software market forecast $ $1.1billion Blackbird 2025 video editing SAM SAM $6billion^ * Excludes consumer and high-end film & TV production which are non-core markets ^ Independent research on Total
Slide 13: Reducing video's carbon footprint
13. Reducing video’s carbon footprint • New independently verified Sustainability Report launching Spring 2021 ‘Video shouldn’t cost the earth’ • Blackbird emits up to 91% less carbon than on premise two-week sports event workflow
Slide 14: Strategic Direction
Strategic Direction SBR BLACKBIRD
Slide 15: 2020 Highlights – Infrastructure
15. 2020 Highlights – Infrastructure U.S. cable network esports giant and The iconic U.S. doubled video developers of National Hockey volume League of Legends League
Slide 16: OEM Highlights
16. OEM Highlights * Digital news Leading global digital EVS to use Blackbird as service delivers infrastructure provider editor on some of the most content for 51 local chooses Blackbird for prestigious live sporting U.S. news stations media workflows events with Blackbird * Signed post period
Slide 17: Platform development & roadmap
17. Platform development & roadmap Security APIs Public Cloud • SOC2 Type II accredited • Data feed ingest • 2021: Fully-contained Blackbird in public cloud • Single sign on & multi- • OEM • Increases Scalability factor authentication in • AI integration progress
Slide 18: Financials: 2020 Sales acceleration
18. Financials: 2020 Sales acceleration Revenue Contracted but unrecognised revenue by fiscal year * • 45% growth in revenues y.o.y. At 31 December 2020: • Contracted but unrecognised revenue up 3% to £1.93* million • 107% growth in North American revenue y.o.y. • £1.06* million revenue secured for
Slide 19: Financials: Cash
19. 2020 Financials: Cash • Cash burn* improved by £0.75 million to £1.58 million • Debt free • £6.55 million in cash^ at 31 December 2020 * Excluding funds from share issues and transfers into short-term deposits ^ Includes short-term deposits
Slide 20: Customer testimonial: A+E Networks
20. Blackbird gives us all the tools needed by providing professional grade cloud video editing and publishing capabilities in a browser, even under low bandwidth conditions ED RUSSO SVP Production, A+E Networks
Slide 21: Customer testimonial: Riot Games
21. Blackbird has best-in-class video technology that allows our team to turn around high quality content quickly and remotely SCOTT GELB COO, Riot Games
Slide 22: Customer testimonial: Sky News Arabia
22. Blackbird empowers our multi-site production teams to work collaboratively in the cloud with a rich suite of video editing tools SURESH KUMAR Director of Technology, Sky News Arabia
Slide 23: Customer testimonial: Tata Communications
23. We saw Blackbird as a leader in the cloud video editing space and that was an area we were looking at growing and investing in JEREMY DUJARDIN CTO, Tata Communications
Slide 24: 2020 Recognition
2020 Recognition BESTor 2020 WINNER ce PRODUCT INNOVATION VIDEO AWARDS WINNER TVlechnology SB BLACKBIRD
Slide 25: Conclusion
25. Conclusion • Well capitalised • Delivering on OEM • Carbon efficient • Trusted at strategic level
Slide 26: Selected Customers & Partners
26. Selected Customers & Partners Infrastructure OEM
Slide 27: Appendix
27. Appendix
Slide 28: Appendix: Key financials
28. Appendix: Key financials * Excludes net funds from share issues & cash transfers into short-term deposits