EVS Broadcast Equipment : Annual Report

WE ARE EVS

CEO & CHAIRMAN INTERVIEW

INTRODUCING EVS

KEY SUCCESSES OF 2021

CUSTOMER SUCCESSESCHANNEL PARTNER PROGRAM

EVS TRANSFORMATION

A VALUE COMPANYEVS AS

ED FORCE 1

SUSTAINABILITY REPORTSHAREHOLDERS' INFORMATION

We are EVS

Content

We create return on emotion

EVS is a European broadcast technology company, headquartered in Liège, Belgium, with over 560 team members working in 20-plus offices and development centers all over the world. Founded in 1994, EVS's early years were marked by the pioneering work of the founding team in tapeless television technology and the launch of the iconic Live Slow-Motion (LSM) system, which rapidly became the standard replay technology for all broadcast sporting events across the globe.

Who are we

Recognized globally as the leader in live video technology for broadcast and new media productions, our passion and purpose are to help our cus- tomers craft compelling stories that trigger the highest return on emotion.

What do we deliver

Our technology is used by customers around the world to deliver the most gripping live sports images, buzzing enter- tainment shows and breaking news content to billions of viewers every day, all over the world - and in real time.

Customer success

Shortly after it was established, EVS became a key player in the industry, offering its reliable and innovative technology and provi- ding first-class support to cus-tomers located in many parts of the world.

Customer success is what keeps us on our toes. We are committed to helping our clients grow as the industry evolves. To deliver on this promise, we continue to invest in the latest technologies. Through our pioneering work in IP, artificial intelligence, HDR, the Cloud, etc. we constantly remain ahead of the curve, while ensuring that our customers are empowered with smart, reliable and scalable solutions that produce the best live stories today and tomorrow.

We are EVS01

CEO and Chairman interview02

Introducing EVS06

Market trends08

EVS Solutions10

Key successes of 202112

Customer successes16

Channel partner program18

EVS transformation20

EVS as a value company22

Ed force 123

Sustainability report24

Shareholders' information34

564

full-time equivalents EOY 2021

€37.1m

EBIT 2021

Publicly traded since

1998

• We are customer-success orientated.

• We value teamwork.

• We are accountable.

• We are passionate.

• We aim for excellence.

• We focus on innovation.

• We are agile.

WE ARE EVS

CEO & CHAIRMAN INTERVIEW

INTRODUCING EVS

KEY SUCCESSES OF 2021

CUSTOMER SUCCESSESCHANNEL PARTNER PROGRAM

EVS TRANSFORMATION

A VALUE COMPANYEVS AS

ED FORCE 1

SUSTAINABILITY REPORTSHAREHOLDERS' INFORMATION

EVS reported a positive 2021 review, with revenues achieving near record results. What are the reasons for that?

Solid foundations for sustainable growth

A snapshot of the past, a glimpse into the future

Q&A with Serge Van Herck, EVS CEO

2021 was marked by a number of key inter- national sporting events, many of which had been postponed from 2020 due to the pandemic. This return of live sports, com-bined with an increasing need for remote production capabilities, prompted many broadcasters and media companies to accelerate their investments in new EVS solutions.

I am pleased to see that our PLAYFoward strategy, which we defined in early 2020, is generating the anticipated growth in both our customer segments. After a year

of major Covid slowdown in 2020, our LSP (Live Service Providers) customers increased their investments in 2021. Many of them are now accelerating the upgra- ding of their existing EVS LiveCeption infrastructure, taking advantage of our latest generation of XT-VIA servers and our new LSM-VIA remote solution augmented with new cloud based on-demand services.

The revenues generated by our LAB (Live Audience Business) customers continue to rise year after year. Our MediaCeption solution, which provides a state-of-the-art Production Asset Management solution, is increasingly gaining market share in large studio environments.

Throughout the year, we saw several strategic deployments of our LiveCeption,

WE ARE EVS

CEO & CHAIRMAN INTERVIEW

INTRODUCING EVS

KEY SUCCESSES OF 2021

CUSTOMER SUCCESSESCHANNEL PARTNER PROGRAM

EVS TRANSFORMATION

A VALUE COMPANYEVS AS

ED FORCE 1

SUSTAINABILITY REPORTSHAREHOLDERS' INFORMATION

MediaInfra and MediaCeption solutions for I'm particularly satisfied with the strong and We were also proud to see our Xeebra We have a clear strategy

high-quality replays and highlights, reliable media infrastructures, and swift content turnaround. Despite the challenging condi- tions linked to the ongoing pandemic, we remained close to our customers at all times, providing them with the support they needed to achieve higher levels of flexibility and agility for their productions, and prepare for the new post-Covid reality.

Moreover, EVS is globally renowned for its live replay technology, so it comes as no surprise that our new LSM-VIA IP-based replay system - which was launched in 2020 - enjoyed a strong start in 2021, with a significant order intake ahead of the pre- parations for the year's big events.

Overall, I would say it is due in particular to our agility, innovation and ongoing dedi- cation to our customers' success that we were able to achieve near record results in 2021 and I believe these same qualities will fuel more growth for EVS as we move forward.

What were EVS' main achievements in 2021?

Besides enjoying the commercial success of our solutions being used for the produc- tion of the biggest international sporting events, we continued to add complemen- tary value to our product portfolio and expand our expertise into new areas.

steady opportunity growth of our MediaIn- fra portfolio since the acquisition of Axon in back in 2020. Just over a year later, in June 2021, we successfully launched our new MediaInfra Strada turnkey IP/SDI video routing solution and added exciting new functionalities to our Neuron and Cerebrum product lines. These recent developments have been instrumental in helping our cus- tomers modernize their infrastructures and are proof of the success of our growth strategy. Recent examples include French broadcaster Canal +, which performed a major upgrade of its media IP infrastruc- ture using our Cerebrum broadcast controlmulti-camera review system successfully completing FIFA's Quality Programs for VOL and VAR last year. The coveted certification is a testament to the efforts made by our teams to further improve the accuracy and

consistency of our video assistant referee sheet that will allow us to beand virtual offside line technology.

Also worth highlighting are the recent efforts we have been making to expand our coverage of the market with an enhanced channel partner program. Within just six months, we were able to onboard nearly 30 strong channel partners, and we will be welcoming more in the near future.

and monitoring solution, and a leading What will be the most important Japanese broadcaster (and customer of growth drivers for EVS in 2022

our channel partner Photron), which imple- mented Neuron Compress to support their JPEG XS encoding and decoding needs and give them the proper foundations to grow into full IP infrastructures.

The industry was also hugely receptive to the launch of XtraMotion, our innovative cloud-based service which is designed to generate super slow-motion replays from any camera, using our own artificial intel- ligence (AI) algorithms. The service has already won three industry awards and is regularly used by customers such as Fox Sports and NVP Italy to enhance the live storytelling on their productions.

and beyond?

2022 is set to be another great year for international sports competitions and many of our customers are looking to upgrade their existing infrastructures with our LiveCeption Signature solution so as to increase the value and efficiency of their productions for these events. As a matter of fact, the central components of the solu- tion, namely our XT-VIA production servers and our LSM-VIA systems, are fast beco-ming the new standard in the industry for the creation of high-quality live production, replays and highlights, so we anticipate further investments in this area.

and blueprint that set the trajectory for significant and sustainable growth, and a healthy financial balancemore resilient in the face of unforeseen challenges.

SERGE VAN HERCKCEO

As the industry continues its steady tran- sition to more IP-based infrastructures, our Mediainfra solutions are also likely to gain further traction. For broadcasters who are still operating in SDI but are looking for a progressive and safe path to IP, our MediaInfra Strada IP/SDI video routing solution for instance will be a definite game-changer.

Following the successful launch of Xtra- Motion, we can also expect to see further development of other hybrid and cloud native solutions. Already deployed at a number of major summer sports events last year, MediaHub content sharing and distribution platform is an extremely promi- sing new service that offers the possibility for right holders such as broadcasters to "click and collect" content produced under