27
www.evs.com EVS Broadcast Equipment More than Sports Trends Finance Day, June 1, 2013 Joop JANSSEN, Managing Director, President & CEO Geoffroy d’OULTREMONT, Vice President Investor Relations & Corporate Communication

EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

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Page 1: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

wwwevscom

EVS Broadcast Equipment

More than Sports

Trends Finance Day June 1 2013

Joop JANSSEN Managing Director President amp CEO

Geoffroy drsquoOULTREMONT Vice President Investor Relations amp Corporate Communication

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

AGENDA

2

3

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software

for the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS AT THE HEART OF TV PRODUCTION Infrastructure applications service

Outside Broadcast Production

(54)

News highlights post-production

TV studio

(46)

4

To provide our customers

with technology to enable

the production of live

enriched video

programming ndash allowing

them to be more efficient

and to make more

money

5

EVSrsquo MISSION EVSrsquo VALUES

1000+ CUSTOMERS 16000 users for 10000 seats - Belgium is ~2 of total revenues

6

40 Broadcasters (BskyB)

45 Production Facilities companies (NEP Visions)

15 Broadcast Equipment Rental companies (Presteigne)

7

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 2: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

AGENDA

2

3

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software

for the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS AT THE HEART OF TV PRODUCTION Infrastructure applications service

Outside Broadcast Production

(54)

News highlights post-production

TV studio

(46)

4

To provide our customers

with technology to enable

the production of live

enriched video

programming ndash allowing

them to be more efficient

and to make more

money

5

EVSrsquo MISSION EVSrsquo VALUES

1000+ CUSTOMERS 16000 users for 10000 seats - Belgium is ~2 of total revenues

6

40 Broadcasters (BskyB)

45 Production Facilities companies (NEP Visions)

15 Broadcast Equipment Rental companies (Presteigne)

7

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 3: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

3

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software

for the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS AT THE HEART OF TV PRODUCTION Infrastructure applications service

Outside Broadcast Production

(54)

News highlights post-production

TV studio

(46)

4

To provide our customers

with technology to enable

the production of live

enriched video

programming ndash allowing

them to be more efficient

and to make more

money

5

EVSrsquo MISSION EVSrsquo VALUES

1000+ CUSTOMERS 16000 users for 10000 seats - Belgium is ~2 of total revenues

6

40 Broadcasters (BskyB)

45 Production Facilities companies (NEP Visions)

15 Broadcast Equipment Rental companies (Presteigne)

7

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 4: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

EVS AT THE HEART OF TV PRODUCTION Infrastructure applications service

Outside Broadcast Production

(54)

News highlights post-production

TV studio

(46)

4

To provide our customers

with technology to enable

the production of live

enriched video

programming ndash allowing

them to be more efficient

and to make more

money

5

EVSrsquo MISSION EVSrsquo VALUES

1000+ CUSTOMERS 16000 users for 10000 seats - Belgium is ~2 of total revenues

6

40 Broadcasters (BskyB)

45 Production Facilities companies (NEP Visions)

15 Broadcast Equipment Rental companies (Presteigne)

7

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 5: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

To provide our customers

with technology to enable

the production of live

enriched video

programming ndash allowing

them to be more efficient

and to make more

money

5

EVSrsquo MISSION EVSrsquo VALUES

1000+ CUSTOMERS 16000 users for 10000 seats - Belgium is ~2 of total revenues

6

40 Broadcasters (BskyB)

45 Production Facilities companies (NEP Visions)

15 Broadcast Equipment Rental companies (Presteigne)

7

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 6: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

1000+ CUSTOMERS 16000 users for 10000 seats - Belgium is ~2 of total revenues

6

40 Broadcasters (BskyB)

45 Production Facilities companies (NEP Visions)

15 Broadcast Equipment Rental companies (Presteigne)

7

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 7: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

7

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 8: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

Founded in 1994

463 employees

HQ in Liegravege Belgium

20 offices in 16 countries

Innovation

- 5 RampD centers (Liegravege Brussels

Paris Toulouse Chengdu)

- 50of employees are design engineers

Strong global coverage with 35 of revenues in emerging countries and growing

8

EVS WORLDWIDE FOOTPRINT

All figures refer to financial year 2012

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 9: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

9

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy with

ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 10: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

13625000 ordinary shares

Market cap EUR 680 million

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

EVS KEY NUMBERS

M Counson 65

BNP Paribas 41

Fidelity 30

Ameriprise 40

Treasury shares 12

Unhedged warrants 20

Unidentified 792

According to shareholders notifcations or Dec 31 2012 update

Co-founder Board member and CTO Hardware

UK 25

US 10

F 10

DE 5 Individuals

10

BE 10

Other 9

10

Shareholders

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 11: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

11

EVS AT A GLANCE

Company 463 employees (FTE)

20 offices HQ in Liegravege Belgium

Founded in 1994

Innovative 5 RampD centers 50

employees are design engineers

True global sales coverage with

stronghold in emerging regions

(35 of total revenues)

New 4 market growth strategy

with ambition towards Rio2016

Strengthened Executive Committee

Strong fresh new visual identity

Financials Revenue euro138 million (+29 YoY)

EBIT margin 444

ROE 75

ROCE 116

Dividend yield 66

Euronext BE0003820371

Market cap EUR 750 million (55euro)

Free float 93

Daily liquidity EUR 14 million

Broad international investor base

Products and markets Premium high tech servers and software for

the live TV production market

Mission To provide our customers with technology to

enable the production of live enriched video

programming ndash allowing them to be more

efficient and to make more money

Customers RTL VRT RTBF Sky Canal+ most sport

leagues globally Astro (Malaysia) Endemol

Al Jazeera CCTV (China) Channel One

(Russia) TV Globo (Brazil) NBC (US) etc

Total addressable market (euro 16 bln) Sports euro 350 million (33 mkt share)

Entertainment News amp Media euro 13 billion

(2 mkt share) All figures refer to financial year 2012

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 12: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

12

AGENDA

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 13: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

Sports Entertainment News Media

Description Live near-live

- OB vans

- In-stadium displays

- Sport centersstudios

- Second screen programs

Live near-live

- X-Factor American Idol

The Voice

- High profile talk shows

- Cooking shows

- Concerts

Live near-live

- 247 breaking news

- News bulletins

- Mastering and transcoding

video formats

- Video archives

Market size EUR 350 million EUR 400 million EUR 500 million EUR 400 million

Key competitors Avid Evertz Grass Valley

Harris Sony

Avid DVS Grass Valley

Harmonic Sony

Avid Grass Valley

Harmonic Harris Sony

Amberfin Digital Rapids

DVS Harmonic Telestream

Major players Panorama NEP FIFA

UEFA IOC HBS Nascar

ESPN Al Jazeera Turner

Astro Malaysia Access

Hollywood Endemol

FreemantleMedia CCTV

(China) Screentime BBC

SkyNews Arabia RTL

News Channel One

(Russia) Al Jazeera

20th Century Fox MTV FIFA

archive

FOCUS ON 4 ATTRACTIVE MARKETS

13

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 14: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

Demand for more engaging productions at

increasingly higher picture quality

Growth in programs and more live

Striving for more efficiency and productivity

Increasing demand from emerging countries

STRONG LONG TERM INTRINSIC GROWTH DRIVERS

14

Ultra HD

Full HD

SD

Source Dyle Mobile TV data report US (June 2012)

Most preferred event viewed

on mobile TV

39

40

51

52

53

56

58

65

74

81

World

soccer

NHL playoffs

NBA playoffs

TV or films awards

shows

College basketball

playoffs

Realitytalent show finals

Morning TV

shows

NFL playoffs amp finals

Season finales of TV

shows

Coverage of natural

disaster

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 15: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

Key strategies

- Consolidate EVS leadership in OB van and studio while offering more integrated product

solutions

- Expansion of our sales reach mainly in emerging countries catalyzed by the upcoming

international sporting events

FOCUS ON FOUR KEY MARKETS Sports ndash EUR 350 Million 4-5 CAGR 33 EVS share

Stadium OB van Sport center

15

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 16: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

Key strategies

- Increase our ENM specific expertise in the sales teams

- Expand our product portfolio based on past RampD investments specifically positioned for ENM

market needs

- Clear and specific marketing

FOCUS ON FOUR KEY MARKETS Entertainment News and Media ndash EUR 13 billion 0-5 CAGR 2 EVS share

- Concerts

- Live talent shows

- Live talkcooking shows

- 247 breaking news

- News bulletin

- Video formats

- Archiving

16

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 17: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

EVS

Sports EVS

Media

RampD ndash common technology

Corp

ora

te S

erv

ices

Operations and Professional Services

Sales Americarsquos EMEA APAC

Product lines

amp focused

RampD

Marketing

Product lines

amp focused

RampD

Entertainment amp News

ENM

CEO

amp Executive Committee 4 markets 2 divisions

- Sports

- ENM

Geo

- EMEA APAC Americas

New operations and

professional services

structure

REINFORCED MANAGEMENT ORGANIZATION Aligned with the four target markets

Product lines

amp focused

RampD

17

18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

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18

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 19: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

EVS at a glance

New four markets strategy

Financial update ndash 1Q13 and outlook

19

AGENDA

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 20: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

2 5 10

23 17

28 27 30 34

46 52

85

95

111

76

111 107

138

0

20

40

60

80

100

120

140

160

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

8 11

15

36

39 42

41 32

48

58 62

67 65 62

49 50

41 44

EBIT margin

DOUBLE SALES OVER 6-7 YEARS WITH PREMIUM EBIT Strong ENM growth on higher 2008-2012 RampD investments

Sports

+12 CAGR 04-12

ENM

+28 CAGR 04-12

20

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 21: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

181 184 196 205 209

302

332

269

227 234

298 306 301

428

395

256

328

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q

2009 2010 2011 2012 2013

QUARTERLY REVENUE SPLIT BY SEGMENTS

21

XT3

EUR million

22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

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22

1Q13 REVENUE UP BY 92 Reported

792 High gross margin

192 Opex growth

EUR 078

EPS

In millions of EUR 1Q12 4Q12 1Q13 REVENUE 300 256 328

Cost of sales (67) (84) (68)

Gross margin 233 172 260

Gross margin 776 673 792

SampA (44) (39) (56)

RampD - gross (53) (68) (60)

RampD - tax credit 02 04 02

EBIT before one-time costs 136 66 145

EBIT margin before one-time costs 451 258 440

Repositioning costs - (14) -

EBIT 136 52 145

EBIT MARGIN 451 203 440

Financial result (11) (01) 02

dcinex amp mecalec at equity 01 04 (02)

Taxes (39) (11) (45)

NET PROFIT 87 44 100

NET PROFIT FROM OPS 89 58 104

BASICS EPS FROM OPS 1) 066 043 078

1) Basic EPS is computed on the adjusted number of shares ie less own shares

440 EBIT margin

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 23: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

23

STRONG BALANCE SHEET EUR 370 million cash

EUR 370 million cash

EUR 264 per share (gross) Yield of 56 (1Q13 share price)

777m equity 70 of balance sheet

In millions of EUR Dec 2012 March 2013 ASSETS

Goodwill and intangibles 16 14

Lands buildings and other tangibles 211 240

dcinex and Mecalec at equity 85 91

Inventories 159 155

Receivables 211 183

Cash 214 370

Other assets 53 56

Total assets 950 1109

EQUITY AND LIABILITIES

Total equity 673 777

Non-current liabilities 36 33

Trade payables 66 79

Other current liabilities 175 220

Total equity and liabilities 950 1109

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 24: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

Order book of EUR 328 million

- -268 excl the big event rentals but record for an

odd year

- Low visibility

2013 uneven year

- No big sporting events

- Opex increase by low double digit growth rate

- Lower EBIT margins

- New products releases

- H1 lt H2

- Transforming year

OUTLOOK 2013

Sports Leadership

ENM Challenger

Services Development

24

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 25: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

170 CAGR TOTAL RETURN ON EVS STOCK SINCE IPO Cumulated EUR 190 GROSS dividends since IPO

IPO

74euro Low

27euro

High

845euro

500euro

804euro

304euro

Bottom

210euro

EVS stock price and capitalized

dividends in EUR

139 CAGR return since 1998 IPO

177 CAGR Total Return since 1998 IPO

- EUR 186 cumulated gross dividend pay-out

- EUR 304 capitalized dividends

Consistent dividend policy

- Consistency historical avg pay-out 85 since 2004

- Stable or growing interim amp final dividends with max

100 pay-out

- Subject to Board of Directors and General Meeting in

May2013

Daily liquidity EUR 14 million on Euronext in

2012

Free float 93

25

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 26: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

New 4 market strategy to unlock additional growth potential

Reinforced management team

Strong international sales coverage with 35 from emerging countries

Gross dividend of EUR 264 (80 payout 66 dividend yield)

Solid 1Q13 sales and profit

Strong global order book of EUR 328 million

Current low visibility for 2013 without big sporting events

CONCLUSIONS Transformation year

26

Dividend yield is caluculated using the average share price in 2012

OUR JOURNEY TO RIO2016

27

Page 27: EVS Broadcast Equipment More than Sportsacties.trends.knack.be/acties/trends/financeday/files/... · 2014. 5. 26. · Sports: € 350 million (33% mkt share) Entertainment, News &

OUR JOURNEY TO RIO2016

27