Atomos : AMS 1H FY22 Appendix 4D and Financial Statements

For personal use only

Atomos Limited

Appendix 4D & Interim Financial Statements for the half-year ended

31 December 2021

ACN: 139 730 500

ASX Code: AMS

For personal use only

Contents

Contents
Appendix 4D	1
Directors' report	3
Auditor's independence declaration	7
Condensed consolidated statement of profit or loss and other comprehensive income	8
Condensed consolidated statement of financial position	9
Condensed consolidated statement of changes in equity	10
Condensed consolidated statement of cash flow	11
Notes to the condensed consolidated financial statements	12
Directors' declaration	18
Independent auditor's review report	19
Company directory	21

Atomos Limited

Interim financial report for the six-months ended 31 December 2021

For personal use only

Appendix 4D - Half-yearly report

Reporting period

Reporting period:	Half-year ended 31 December 2021
Previous corresponding period (PCP):	Half-year ended 31 December 2020

Results for announcement to the market

Dividends

No dividends have been paid or declared since the start of the financial year (2020:nil). No recommendation for payment has been made.

Overview of operating results

Atomos reported a strong first half result, with key highlights as follows:

• Record Revenue of $40.9m despite the impact of COVID and global supply chain challenges
• Gross Profit of $19.4m, higher than the first-half of last year by $4.7m
• Fixed operating expenses up by $4m reflecting investment for growth and scalability
• Pro-formaearnings before interest, tax, depreciation and amortisation of $3.2m which exclude founder transition costs ($0.7m), costs associated with Cinemacraft ($0.2m) and income from government subsidies ($0.1m)

For a further explanation of the results above please refer to the accompanying Directors' Report.

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Atomos Limited

Interim financial report for the six-months ended 31 December 2021

For personal use only

Appendix 4D - Half-yearly report (continued)

Net tangible assets per security

1. For the purposes of calculating net tangible assets per security, the carrying values of the Right-of- use assets and the related lease liabilities have been excluded from the calculations.

Entities over which control has been gained or lost during the period

There are no entities over which control has been gained or lost during the period

Associates and joint venture entities

There are no associates or joint venture entities.

Dividend reinvestment plans

The Company currently does not have a dividend reinvestment plan.

Independent audit review

This report is based on the condensed consolidated interim financial statements which have been subject to independent audit review by Deloitte. The independent audit review report is included within the Company's Interim Report which accompanies this Appendix 4D.

Accounting standards

This report has been compiled using Australian Accounting Standards and International Financial Reporting Standards.

Other information required by Listing Rule 4.3A

Other information requiring disclosure to comply with Listing Rule 4.3A is contained in the 31 December 2021 Interim Report (which includes the Directors' Report) which accompanies this Appendix 4D.

2

Atomos Limited

Interim financial report for the six-months ended 31 December 2021

For personal use only

Directors' Report

The Directors of Atomos Limited ('Atomos' or 'the Company') present their Report together with the interim financial statements of the consolidated entity, being Atomos and its Controlled Entities ('the Group') for the half-year ended 31 December 2021.

Directors

The names of the Directors in office at any time during or since the end of the half-year are:

Mr Jeromy Michael Young (retired 23rd November 2021)

Sir Hossein Yassaie

Mr Christopher John Tait

Mr Stephen John Stanley

Ms Megan Brownlow (appointed 1st July 2021)

Ms Lauren Williams (appointed 1st July 2021)

The abovenamed Directors held office during and since the end of the financial period unless otherwise stated.

Dividends

No dividends have been paid or declared since the start of the financial year (2020: nil). No recommendation for payment has been made.

Company Overview

Atomos is a global video technology company founded in 2009 and which listed on the ASX on 28 December 2018 (ASX:AMS).

Atomos enhances video content creation by producing products that connect the imaging and computer worlds, from the point of capture (camera) through to displaying (monitor), processing and recording of the latest high-quality video onto affordable computer media for creative enhancement and distribution of content.

The Company designs, develops and commercialises, award winning, simple to use and affordable monitor recorder products. They enhance video content creation, ensuring content creators have access to advanced video monitoring, processing and recording technologies, regardless of the camera or production technology they use.

By using the processing and recording capability of Atomos products, video creators can achieve enhanced recording quality, on sharp deep colour displays for greater flexibility and control onto lower- cost media creating a more streamlined workflow than the camera's standard functionality is capable of.

Review of operations

During the first half of FY22 the Company enjoyed strong sales growth driven by its core products, Ninja V and Ninja V+. Despite global supply chain challenges, the Company has navigated through the first half with minimal disruption. Products launched in late FY21, such as the Ninja V+, Shinobi 7 and AtomX CAST, have provided continued strong momentum into the first half of FY22. This momentum will be supported by new products scheduled for release over the next 6 months.

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Atomos Limited

Interim financial report for the six-months ended 31 December 2021