Atomos : AMS Confirm Guidance, AGM Presentation

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ASX ANNOUNCEMENT ATOMOS LIMITED (ASX:AMS)

23 NOVEMBER 2021

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
[phone]	[phone]	[phone]
[e-mail]	[e-mail]	[e-mail]

AUSTRALIA • USA • UK • GERMANY • CHINA • JAPAN | PG 1

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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

AUSTRALIA • USA • UK • GERMANY • CHINA • JAPAN | PG 2

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Annual General Meeting

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Agenda	1	Atomos Strategic Pillars
November 23	2	FY21 Financial Recap

3 FY21 Operational Recap

4 Strategy

5 M&A Deal Structure

6 FY22 Guidance

Atomos Strategic Pillars

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