23 Nov

AMS Confirm Guidance, AGM Presentation

ASX ANNOUNCEMENT ATOMOS LIMITED (ASX:AMS) 23 NOVEMBER 202 1 AUSTRALIA • USA • UK • GERMANY • CHINA • JAPAN | PG 1 Atomos Confirms FY22 Revenue Guidance of $95m+ Highlights : • FY22 revenue expected to be in excess of $95m (up 21%+ on FY21) and above consensus forecast, with 1H’22 revenue in excess of $40m despite supply chain issues • Expected EBITDA margin of 12% – 15% (vs 10.4% in FY21), before ~$1m of opex costs resulting from Videogram investment Atomos Limited ( ASX: AMS , ‘ Atomos ’ or the ‘ Company ’) is pleased to provide an update on its FY22 revenue and EBITDA guidance. Additionally, the Company announced an investment in a cloud-based video platform, Videogram with information relating to the transaction included as part of a separate ASX announcement. Atomos CEO, Estelle McGechie said “I’m pleased to announce guidance for the full year FY22, with revenue expected to be in excess of $95m, an increase of at least 21% over FY21 revenue. First half revenue will be in excess of $40m (up 22%+ on pcp), which has been impacted by supply chain challenges which we expect to improve in the second half. We have several exciting new products due for release over the coming months which will further help drive sales in the second half.” “EBITDA margins are expected to be upward of 12% (FY21: 10.4%) which is after investment in talent, marketing and direct customer engagement to help accelerate revenue growth. Also factored into this EBITDA margin guidance is some upward pressure on variable costs, most notably freight. The forecast EBITDA margin relates to the underlying Atomos business which excludes approximately $1m of operational costs resulting from the investment in Videogram.” “In effectively managing our supply chain to ensure sufficient stock to meet our sales targets, we have invested in inventory during the first half and as a result will experience a cash outflow.” Authorised for ASX release by the Atomos Board of Directors. --ENDS-- For further information please contact: Estelle McGechie James Cody Simon Hinsley Chief Executive Officer Chief Financial Officer Investor/Media Relations +1 (310) 612-6783 +61 407 048 514 +61 401 809 653 estelle@atomos.com james@atomos.com simon@atomos.com AUSTRALIA • USA • UK • GERMANY • CHINA • JAPAN | PG 2 About Atomos: Atomos is a global video technology company delivering award -winning, simple to use monitor- recorder content creation products. These products give content creators across the rapidly growing social, pro -video and entertainment markets a faster, higher quality and more affordable production system. Atomos’ range of products take images directly from the sensor of all major camera manufacturers, then enhance, record and distribute them in high-quality formats for content creation using the major video editing software programs. Since being founded in 2010, Atomos has established strategic relationships with key technology providers within the ecosystem including Apple, Adobe, Sony, Canon, Panasonic, Nikon and JVC Kenwood. Atomos is based in Australia with offices in the USA, UK, Germany, China and Japan and has a worldwide distribution partner network. For more information please visit www.atomos.com 1 Annual General Meeting 3 Agenda November 23 Atomos Strategic Pillars FY21 Financial Recap FY21 Operational Recap 1 2 3 Strategy M&A Deal Structure FY22 Guidance 4 5 6 2 4 Partnerships with the world’s best video tech companies. Accessible, affordable, intuitive products & services Deep Video Tech Atomos Strategic Pillars 3 5 A A t t o o m m o o s s S S h h o o w w c c a a s s e e The most versatile monitor/recorders on the market 4 18 FY21 19 Record Sales 77% Continued Growth FY21 : Financials 6 20 47.6% Margin Growth Continued Growth FY21 : Financials 7 21 10.4% EBITDA Continued Growth FY21 : Financials 8 22 87% Cash Continued Growth FY21 : Financials 9 23 26mil Strong Balance Sheet Continued Growth FY21 : Financials 10 24 Supply Chain Management Diligent management Product planning 2-year chip supply Buffered inventory by longer- range forecasts and confirmed supply Strengthened Team Expanded team including appointment of senior leadership, SVP Sales, SVP Product, Director of Logistics, Director of Video Production, Director of UX/UI Design Innovation led with top talent from the world's best companies Promotion from within, building corporate culture, investing in HR and training Investing for Growth Next generation platforms and technologies Website infrastructure, direct customer engagement Measuring new markets – gaming, corporate, brand Marketing & Operations Continued Growth FY21 : Operations 11 25 Strategy Metadata Capture to Hard Drive Playback Control Monitor Record Multicamera Sync Switch Production Atomos Foundation Delivery Content Marketplace Post Production Streaming Metadata Capture to Hard Drive Playback Control Monitor Record Multicamera Sync Switch Cloud Production Atomos Foundation Expansion Opportunity 28 VIDEOGRAM V V i i d d e e o o g g r r a a m m 15 Delivery Content Marketplace Post Production Streaming Metadata Capture to Hard Drive Playback Control Monitor Record Multicamera Sync Switch Cloud Production Atomos Connecting the Workflows Delivery Post Productions Production & Streaming Content Marketplace Atomos Connecting the Workflows 17 31 Deal Structure 32 INITIAL INVESTMENT OF UP TO USD 2.0M OPTION TO ACQUIRE THE COMPANY DEAL STRUCTURED • • • • • • • M&A Videogram Deal Structure 19 33 FY22 34 Shinobi V AtomX Cast Sumo 19 Shogun 7 Ninja V+ Ninja V Shinobi 7 Studio Key Products % of Sales J A S O N D J F M A M J No disruptions Out of stock Relative share of sale No disruption to supply of major products, some stock outs in first half, improving in second half 21 35 Half Year Revenue expected to be in excess of $40m despite supply chain issues Inventory Continued optimisation of inventory to safeguard supply Full Year Revenue expected to be in excess of $95m EBITDA margin 12% - 15%, before Videogram opex (~$1m) despite: • Upward pressure on variable costs (freight) ~$1m • Investment in talent, marketing & direct customer engagement to drive future growth FY22 Guidance 22 36 Summary 37 strong technology and product pipeline clear and developing strategy to expand the breadth into streaming and post-production continued strengthening of partnerships expect strong growth in current year comprehensive and deep product line to address the “production” aspect of workflow strong recovery and strong growth in FY21 38
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