CONSOLIDATING IN OUTSIDE BROADCAST GROWING IN ... - EVS

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THE EVS SHARE OVER THE LAST 10 YEARS 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 number of shares issued (aVerage) 13,736,111 13,875,000 13,875,000 13,948,973 14,075,000 14,056,250 14,079,940 14,319,760 14,319,760 14,319,760 number of shares issued (31/12) 13,625,000 13,875,000 13,875,000 13,875,000 14,075,000 14,075,000 14,000,000 14,319,760 14,319,760 14,319,760 aVerage free floaT 79.2% 79.1% 77.4% 75.0% 67.5% 60.8% 58.8% 53.3% 46.2% 42.5% annual Volume 9,356,856 13,393,117 8,938,624 10,109,440 10,366,182 9,827,745 5,004,966 2,218,150 1,574,910 2,764,695 aVerage daily Volume 36,550 52,317 35,053 39,645 40,335 38,540 19,627 10,085 6,176 10,842 aVerage daily Volume (eur) 1,318,294 2,731,703 2,220,117 1,545,759 944,646 391,952 96,369 38,525 34,833 80,990 sTandard VelociTy (1) 68.1% 96.5% 64.4% 72.3% 73.6% 69.9% 35.5% 15.5% 11.0% 19.3% adjusTed VelociTy (2) 86.1% 122.0% 83.3% 96.5% 109.1% 115.1% 60.5% 29.1% 23.8% 45.5% aVerage annual share price (eur) 37.11 55.78 61.27 38.99 23.42 10.17 4.91 3.82 5.64 7.47 closing share price (eur) 44.80 25.50 79.60 43.80 28.69 16.16 6.40 3.96 3.93 6.80 markeT capiTalizaTion (aVerage, eur millions) 509.7 773.9 850.1 544.9 329.6 143.0 69.1 54.7 80.8 107.0 markeT capiTalizaTion (on 31/12, eur millions) 610.4 353.8 1,104.5 607.7 403.8 227.5 89.6 56.7 56.3 97.4 gross diVidend (eur) 2.48 2.48 2.28 1.68 1.20 1.00 (3)0.80 0.10 0.10 0.12 neT diVidend (eur) 1.86 1.86 1.71 1.26 0.90 0.75 (3)0.75 0.08 0.08 0.09 diVidend reTurn (gross diVidend on aVerage share price) 6.7% 4.4% 3.7% 4.3% 5.1% 9.8% 16.3% 2.6% 1.8% 1.6% share buyback (per share) 0.05 0.52 0.16 0.47 0.16 0.11 0.09 0.14 0.14 0.06 currenT eps (eur) 1.97 3.56 3.21 2.89 1.46 1.22 0.56 0.35 0.37 0.44 pay ouT raTio (gross diVidend on currenT eps) 125.9% 69.7% 71.0% 58.1% 82.2% 82.0% 142.3% 28.7% 27.0% 27.3% price/earnings raTio (aVerage on currenT eps) (4) 18.8 15.7 19.1 13.5 16.0 8.3 8.7 11.0 15.2 17.0 (1) Standard velocity represents the annual volume traded on the stock market expressed as a percentage of the total number of the company’s shares. (2) adjusted velocity represents the annual volume traded on the stock market expressed as a percentage of the average free float. (3) Including EUr 0.60 of capital reimbursement per share. (4) the price/earnings ratio is the average share price for the year divided by the current EpS over the same period. veloCity During 2009, around 68% of the company’s shares were exchanged. an average of 36,550 shares were traded daily on NySE-Euronext, which represents EUr 1.3 million, or an important decrease in value compared to 2008, in line with the decrease of the liquidity on the financial markets in general. adjusted for an average free float of 80%, EvS had a velocity of 85% during 2009. according the fidessa fragmentation Index (www.fidessa.com), which calculates the volume of transactions on the listed companies, integrating transactions realized out of the stock market and on alternative platforms, it appears that, in 2009, only 70% of transactions on the EvS share were done on Euronext Brussels. By using these figures, the average weekly volume of EvS would be of EUr 1.9 million. at the end of 2009, around 65% of the capital of EvS was held by investors outside Belgium, compared to 20% in 2003. liquidity providinG aGreeMent on august 12, 2008, EvS has entered into a Liquidity providing agreement with petercam S.a. according to the Euronext rules & practices. the aim of this contract was to ensure minimum liquidity on the stock market at the opening, during the day and at the closing, and to reduce the bid-ask spread during the trading sessions. dividend poliCy Since its Ipo in 1998, EvS always paid a dividend to its shareholders. the prospectus announced a payout ratio of 30%. actually, this ratio has evolved between 60 and 80% since 2004. the share yield varied from 4% to 10% over the same period. the Board’s proposal for 2009 even represents a payout ratio of 125.9%. In addition, the company initiated in 2006 the payment of an interim dividend at the end of November. GROSS DIVIDEND AND REIMBURSEMENT PER SHARE AFTER SPLIT (EUR) 2.5 2.0 1.5 1.0 0.5 0.0 98 99 00 01 02 03 04 05 06 07 2.48 08 09 DIVIDEND, REIMBURSEMENT AND TREASURY SHARES BUYBACK (EUR MILLIONS) 40 35 30 25 20 15 10 5 0 99 00 01 02 03 22 04 05 06 07 34.2 08 09 DIVIDEND, REIMBURSEMENT AND TREASURY BUYBACK (% OF NET PROFIT FROM OPERATIONS) 160 140 120 100 80 60 40 20 0 98 99 00 01 02 03 04 05 06 07 08 126% 09
1 2 for the fiscal year 2009, the Board of Directors will propose to the shareholders, at the ordinary General meeting of may 18, 2010, the approval of the distribution of a gross dividend per share of EUr 2.48, of which EUr 1.00 was paid as an interim dividend in November 2009. If approved by the ordinary General meeting, the remaining gross dividend of EUr 1.48 (or EUr 1.11 net of the Belgian withholding tax of 25%) will be paid at the end of may against coupon #10 (ex-date: may 27, 2010 payment date: June 1, 2010). SHAREHOLDER’S CALENDAR tuesday may 11, 2010 first quarter 2010: revenue and financial results tuesday may 18, 2010 ordinary and Extraordinary General meeting monday June 7, 2010 reported Extraordinary General meeting thursday august 26, 2010 Second quarter and first half 2010: financial results thursday November 18, 2010 third quarter and first half 2010: financial results DIVIDENDS ARE PAYABLE AT: ING BaNk S.a. cours Saint-michel, 60, 1040 Brussels, Belgium which is the unique paying agent in the Euroclear Belgium “E.S.E.S.” dematerialized system. aCtive FinanCial CoMMuniCation EvS has an active financial communication policy. In addition to an “Investors area” within the group website (www.evs-global.com), the representatives of the company regularly participate in roadshows and company presentations to institutional investors or panels of private investors. In 2009, EvS took part in approximately 20 events in London, paris, Brussels, New york, Boston, chicago, amsterdam, frankfurt, Luxembourg and Geneva. the “Investor relations” part of the group website gives access to general information on the company and its products, as well as the financial information published since the Ipo in 1998, the corporate governance rules and the annual reports. one page is also dedicated to the financial analysts who monitor the stock. all legal documents are available at the company head office or on our website. If you would like information about the events in which EvS participates or wish to receive automatic email news, please contact: corpcom@evs.tv 23 EvS INSIDE ISSUE 15 aNNUaL rEvIEW 2009 1. the multicamLSm and its remote control are the basic tools for all operators in the outside broadcast vans. they allows the management of the content ingested on the servers (replays, clips, highlights, etc). 2. the presence and the dynamism of EvS on the trade shows are recognized by all the actors of the industry. more info? www.evs-global.com jacques galloy, Director and cfo geoffroy d’oultremont, Investor relations and corporate communications manager eVs broadcast equipment s.a. Liege Science park rue Bois Saint-Jean, 16 4102 Seraing · Belgium corpcom@evs.tv
Page 1 and 2: 2009 | Issue 15 ANNuAL ReVIeW eVs i
Page 3 and 4: CONTeNTs 2 | mESSaGE from tHE cHaIr
Page 5 and 6: BREAKDOWN OF STAFF BY DEPARTMENT (A
Page 7 and 8: eVs IN A NuTsHeLL Consolidate tHe l
Page 9: 1 2 1. for tennis Grand Slam tourna
Page 12 and 13: THe eVOLuTION OF THe TV PRODuCTION
Page 14 and 15: INTEROPERABILITY OF EVS SOLUTIONS W
Page 16 and 17: NTSC (USA, Japon) 480p: 720 x 480 M
Page 18 and 19: EVS MARKETS: FROM OUTSIDE BROACAST
Page 20 and 21: KeY PRODuCTs producT caTegory Video
Page 22 and 23: sTOCK MARKeT RePORT stoCk Market an
Page 26 and 27: 24 this long term commitment is an
Page 28 and 29: CORPORATe GOVeRNANCe structures put
Page 30 and 31: 2. speCialized CoMMittees attaCHed
Page 32 and 33: 4. eXternal audit the audit of the
Page 34 and 35: GLOssARY aNaLoGUE | transmission st
Page 36: EUropE & afrIca eVs broadcast equip

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