EVS Broadcast Equipment S.A.

So, good morning to all of you. Good morning, good afternoon, wherever you are. Welcome to this presentation where we will give you, indeed, an update on our first half-year results of 2026. With me, I have Benoît, Benoît Thirine, who is in charge of strategy and acquisitions at EVF, that you know well. and I also have Christophe Piron, our CFO at Interim, who is joining me indeed today to give an update on those half-year results. So before we start, just a technical detail about Q&A at the end. So the proposal here is that you raise your hand and we will give you the microphone at the end of the presentation so that you can raise indeed your questions that we indeed then afterwards can answer those questions. So that's for the practical details. When we go to the first slide here, which is a typical disclaimer, I'll give the word to Christophe.

Yes, good morning everyone. As usual, this presentation contains forward-looking statements, and obviously these statements are made based on economic conditions, business conditions, financial conditions, which may change, and... and therefore it contains certain risks and uncertainties and we would like to underline that EGS has no obligation to publicly release any revision of these forward-looking statements but there is nothing there, it has always been like this. Thank you Christophe.

So let's move on indeed to our agenda of the day. So of course we'll start with a short business update, we'll go through a financial update We'll talk about the execution of a strategy, we'll talk about outlook and guidance, and I'll do the conclusions with some key takeaways before we go into questions and answers. So let me start with the highlights of 2026 H1. Overall, I'm quite satisfied of where we are. After an H1, that has not been easy when we look to the geopolitical situation. But let me start here with some of the headlines. So we see indeed a strong H1 that shows the financial resilience at the global level, and that is indeed supported by a strict execution of our strategy, and which definitely allows us to prepare for the future when we talk also about growth, profit growth for the future. And in essence, indeed, you'll see today that we are confirming our guidance, both when it comes to revenue and EBIT guidance that we gave before, and that we also are confirming our dividend. But let me focus here on some of those details that allow us to say that. So, starting with that financial record, or I should say financial topic, where indeed the record commercial pipeline has been generated. So that is always a very good thing to see. That is indeed a very important indicator as it indicates where we are heading with our business. Seeing indeed our commercial pipeline further growing with 20% year-on-year gives us a very good self-fidence for the rest of the year, but also for the years to come. When we look to the revenues of H1, we see a new record at 107.2 million, and that despite the adverse geopolitical and exchange rate conditions. We see that the situation in the Middle East still did not improve since our update after Q1, and that has had an important impact on our business in the region. We're happy to see that other regions have been able to compensate for that, but still it's something that we look closely at and that we follow closely. A good thing to see is that we see that the recurring revenues and repeat clients keep increasing. And I'll let Christophe later on further explain a bit more in detail with numbers what that means. But that is definitely also something that we're quite happy to see and that is underlying the resilience of our business. We see, of course, a strong contribution at the beginning of the year of those major sport events that happened in Italy and in North America. We see that our gross profit is growing with 10%, thanks of course to a strong volume growth, and that despite margin pressure resulting from unfavorable exchange rates and also coming from A few limited number of large trade-in deals with lower markets. And that concludes the EBIT number to about 15.6 million, which is a 5.6% increase compared to H1 last year. But when we look indeed to net profit, we see that it is growing with 24% up to 16.5 million. When we look at our execution of We definitely see a reinforced position in our core activities, being live section, media section, and media infrastructure. And that is, of course, linked to those big events that were quite successful, and also with a successful trade show of NAD in Vegas in April. We also see new clients further growing, so that is also an important element that gives us confidence for the future. Next to that, we continue to work hard to further integrate AI capabilities, mainly live section, media section, but we're also making sure that AI is becoming a daily tool in all our activities that we have at DVS, including also, of course, our R&D activities. And last but not least, when we talk about strategy and the integration of T-Motion, it's evolving as planned. And all of that Helps us indeed to say that we are preparing for the future and that we want to make sure that we can keep on delivering on that sustainable growth ambition that we have. All in all, that is also being recognized externally. And on the next slide, which I will show later on, we see what that means on the ESG indicators. We have clear actions in place to address adjacent markets. We will talk a bit about our rebranding, but also the creation of LVS, Life Vision Systems, to address the defense markets. And last but not least, as an important message here, is that we want to make sure that we implement a cost containment plan to make sure that we are fully ready for 2027. And with an idea to get back to a cost level similar to 2025, Excluding the acquisition, of course, of T-Motion. So the conclusion here is indeed, as I said before, we are confirming the guidance when we talk about revenue, which is about 240 million, and that EBIT guidance, which is 40 to 50 million, as well, of course, as a confirmation of fraud if adapted. So those are a few of the major highlights for H1. When we go to the next slide, we'll see indeed how the external market is looking at EVS when you talk about ESG, and there we'll be very happy to say that we've been receiving again the top employer certification for 2026. That puts us really clearly in the top of the companies in Belgium, but also worldwide, getting such a certification. We're happy to say that we upgraded our Ecovirus rating from silver to gold. So now we're in the top 5% of companies that are rated by Ecovirus. And we continue to see a very good scoring from Sustainalytics where we have a low risk score of 19.5. So those elements definitely... Thank you Serge. In terms of key figures, we see revenues indeed growing to $107