evs broadcast equipment more than...
TRANSCRIPT
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
OUR JOURNEY TO RIO2016
27