Annual Review 2014 Evs.Annual Review 2014 Content
Total Page:16
File Type:pdf, Size:1020Kb
ANNUAL REVIEW 2014 EVS.ANNUAL REVIEW 2014 CONTENT 1 Profile 4 Message to the shareholders 6 Highlights 2014 8 Our solutions 12 Our key products 14 Our corporate social responsibility 16 Shareholders’ information 20 Our presence in the world BREAKDOWN OF STAFF BY DEPARTMENT SPLIT OF 2014 REVENUE BY REGION SPLIT OF 2014 REVENUE (AS OF 31 DECEMBER) (%) (%) (%) 11.5 10.9 10.9 Sales & Big event Big event Marketing rentals rentals 23.2 16,2 Production APAC & operations 26.8 Entertainment, 14.3 25.1 News & Media Corporate NALA Services 62.3 51.0 47.8 Sports R&D EMEA WWW.EVS.COM (1) ARE WHO WE? EVS is a company headquartered in Belgium, with around 20 offices in Europe, the Middle East, Asia and North America. Its 512 employees sell its branded products in over 100 countries, and provide customer support globally. Founded in 1994, its innovative Live Slow Motion system revolutionized live broadcasting. Its reliable and integrated tapeless solutions, based around its market-leading XT server range, are now widely used to deliver live productions worldwide. DO WE WHAT DO? EVS provides its customers with reliable and innovative technology to enable the production of live, enriched video programming, allowing them to work more efficiently and boost their revenue streams. Its industry-leading broadcast and media production systems are used by broadcasters, production companies, post-production facilities, film studios, content owners and archive libraries around the globe. It spans four key markets – Sports, Entertainment, News and Media. REVENUE (EUR MILLIONS) NET PROFIT (EUR MILLIONS) GROSS DIVIDEND PER SHARE, AFTER SPLIT (EUR) +10.9% per year (CAGR) +6.6% per year (CAGR) 150 50 3,0 2,5 120 40 2,0 90 30 1,5 60 20 1,0 30 10 0,5 0 0 0 05 06 07 08 09 10 11 12 13 14 05 06 07 08 09 10 11 12 13 14 05 06 07 08 09 10 11 12 13 14 (2) EVS.ANNUAL REVIEW 2014 2015 A TRANSITION YEAR After 2014, which was marked HOW CAN WE CHARACTERIZE THIS YEAR 2014? by a record rental income MURIEL DE LATHOUWER — EVS sales related to major sporting reached EUR 131.4 million, a slight events but also affected by increase compared to 2013. This year marked the 20th anniversary of the the persistence of a weak company, but there were also major macroeconomic environment, sporting events as the World Cup and the Olympic Winter Games where we are looking towards the EVS stood out once again by the high future and 2016 with confidence quality of services provided. This performance resulted in a record level of EUR 14.3 million rentals for these events Three questions to for the year. This good news combined Pierre Rion, with the strong performance of the Chairman of the Board market share in our various activities, Muriel De Lathouwer, allowed to record a turnover slightly up in a complicated macroeconomic Managing Director & CEO environment throughout the year. The long-term growth drivers remain numerous (HD, 4K, multi-platform distribution, live shows, etc.), but the investment processes of our customers seem to have been temporarily disconnected from this dynamic. In this WWW.EVS.COM (3) EUR131.4 MILLIONS SALES IN 2014 +4.4% NET PROFIT 2015 processes and better serve our four AND WHAT ABOUT THE FUTURE? key markets: Sports, Entertainment, WHERE DOES EVS GO ? News and Media. In February 2015, we MURIEL DE LATHOUWER — 2015 will bring A TRANSITION appointed Muriel as Managing Director & new challenges and projects to EVS. CEO of the company. The move to the new headquarters in YEAR MURIEL DE LATHOUWER — This year 2014 Liège is one of these. This transition also saw the scope of EVS evolve, with year will also be utilized to further context of pressure on our revenue, the sale of all shares in dcinex (active in professionalize our internal organization. management worked hard to keep digital cinema), and the acquisition of the operating costs under control. Their remaining shares in SVS and DYVI, active PIERRE RION — We look to the future with growth has been reduced to 6.7%, against in the development of video mixers based serenity. We are confident that we have all 11.0% growth in 2013 and 11.6% in 2012. on IP technologies. As announced, EVS the professional skills to continue growing Net profit grew with 4.4%, thanks to the is focussing on its core activities in the successfully in the coming years. capital gain on the disposal of dcinex and broadcast industry, and investing in new Thank you to our customers, our at an improved tax rate. technologies. suppliers and our shareholders for their PIERRE RION — Taking the financial confidence. Together we want to continue strength of EVS into account, the to write the future of EVS. confidence in future growth prospects, but also the significant investment in the new operating headquarters in Liège, the Board will propose to the Ordinary General Assembly to distribute a total gross dividend of EUR 2.00 per share (including the interim dividend of EUR 1.00 distributed in November 2014), a decrease of 7.4% compared to 2013. This represents a 76.0% payout ratio, in line with our dividend policy. CAN YOU TELL US ABOUT THE RECENT ORGANIZATIONAL AND STRATEGIC CHANGES? PIERRE RION — In October 2014, EVS announced the departure of the CEO Joop Janssen, due to differences of opinions on how to implement the long-term strategy. In the weeks that followed his departure, Muriel De Lathouwer, appointed President ad interim of the Executive Committee, proposed to the Board and implemented a new internal organization, which Find out more online will optimize some decision-making www.evs.com (4) EVS.ANNUAL REVIEW 2014 HIGHLIGHTS 2014 CUSTOMERS — FOX Sports in the US utilizes EVS equipment, including the — HuskerVision, a state-of-the-art media organization dedicated to 4K replay systems with integrated zooming capability, for the the University of Nebraska sports teams, implements a new live production of NFL Super Bowl XLVIII and associated pre- and production workflow with EVS’ XT3 media production server and post-game activities. the C-Cast connected content platform, enhancing the content that fans view on screens and mobile apps throughout the University of — The Emir’s International Equestrian Sword Festival is one of Nebraska’s stadium during games. the most prestigious horse racing events in the international calendar. It takes place in the Qatar Racing & Equestrian Club — The One Show, BBC daily television program, broadcast live on BBC (REC), which features a state-of-the-art video production, One and BBC One HD, uses EVS’ live video production solutions broadcast and archive workflow built around EVS technology. to drive its live entertainment production workflow. The EVS kit sits at the heart of the BBC studio built on purpose at the BBC — Shine Australia, fast-growing and successful creator and Broadcasting House headquarters in London. producer of media and entertainment brands (such as The Voice or MasterChef), implements a new high-definition studio — Euronews, the top news channel in Europe, contracts EVS to production workflow powered by EVS solutions, including the enable its live and studio-based news productions. As the news new XDCAM capability of the XT3 server. broadcaster moves to HD, EVS XS media servers and IPDirector live production asset management suite sit at the heart of the new — Infostrada Creative Technology selects EVS’ solutions Euronews Live workflow. for a new reality TV format, Utopia. Seamless integration between EVS’ XS media server and Infostrada’s online content — Getty Images, partners with EVS to provide a comprehensive management platform Centralparq, enable continuous archive solution to Qatar Olympic Committee. processing and the delivery of audio and video content for the — Mega, Chilean television network, implements a new file-based show. workflow from EVS for the production of its live entertainment — TV Peru implements a new tapeless workflow based on programming, based on multiple XS production servers and the EVS’ XS production server designed specifically for studio IPDirector asset management suite. applications. The four-channel XS server eases TV Peru’s — Pramaya TV, part of India’s Summa Real Media Group, selects a migration to HD. TV Peru also selects the six-channel XTnano HD news workflow from EVS for its News 7 channel. The workflow, HD/SD slow motion replay server for its OB van that covers a which uses the DVCPRO-HD file format (on the XS server), is tightly wide range of live sports and cultural events. integrated with other components and can be managed from a — Eclair Group (Paris), one of the largest digital service providers central location. for the film and TV industries, puts an EVS OpenCube HD/SD server at the center of its mobile post-production facility to ingest, transcode and master the films for screening at the prestigious 2014 Cannes Film Festival. WWW.EVS.COM (5) CORPORATE — EVS sells its 41% stake in dcinex to Ymagis SA. dcinex was created within EVS in 2000. In 2004, it was decided to spin it out. With the continued support of EVS, dcinex developed itself to become a leading provider of digital cinema services in Europe. — EVS appoints Muriel De Lathouwer as President of the Executive Committee following the departure of Joop Janssen (Managing Director and CEO of the company), ad interim. In February 2015, she is appointed as Managing Director & CEO. — EVS starts to move to its brand new state-of-the-art new facilities in Liège, gathering all employees from the 6 different sites in the Liège area. — EVS acquires remaining shares in SVS and DYVI, active in the development of video mixers.