2019 Third Quarter Revenues

November 5, 2019

2ATEME © 1991-2019

Disclaimer

This presentation does not constitute or form part of and should not be construed as any offer for sale of or solicitation of any offerto buy any securities of ATEME, nor should it, or any part of it, form the basis of or be relied on in connection with any contract orcommitment whatsoever concerning ATEME’s assets, activities or shares.

All statements other than historical facts included in this presentation, including without limitations, those regarding ATEME’sposition, business strategy, plans and objectives are forward-looking statements.

The forward-looking statements included herein are for illustrative purposes only and are based on management’s current views andassumptions. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks includebut are not limited to impact of external events on customers and suppliers; the effects of competing technologies competitiongenerally in main markets; profitability of the expansion strategy; litigation; ability to establish and maintain strategic relationshipsin major businesses; and the effect of future acquisitions and investments.

ATEME expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in thispresentation to reflect any change in events, conditions, assumptions or circumstances on which any such statements are based,unless so required by applicable law. These materials are supplied to you solely for your information and may not be copied ordistributed to any other person (whether in or outside your organization) or published, in whole or in part, for any purpose.

3ATEME © 1991-2019

Presenters

Michel ArtièresFounder & Chief Executive Officer

Degree in Engineering from Supelec, Paris, with a specialization in signal processing and telecommunications

Fabrice Sana Chief Financial Officer

Degrees from the European Business School and ESSEC

4ATEME © 1991-2019

1.ATEME for beginners2. Market Trends

3. Q3 Revenues

4. Strategy

5ATEME © 1991-2019

ATEME Factsheet

36 Patents

250 people in 18 countries

700 clients in 100 countries

Public since 2014

56.5 M€ in 2018 (+16%)

ATEME designs software video compression solutions to enable innovative live or on demand video delivery

services while preserving picture quality.

Strategic partnerships

6ATEME © 1991-2019

A Complete Offer for the Complete Video Flow

Service Provider(Satellite, Cable, Telco)

Video Headend

Event

ContributionPrimary

DistributionDistribution

OTT / Multiscreen

Subscriber

CDNContent Provider

TV Network

Kyrion encoders in the trucks and decoders at the TV station

TITAN is a virtualized Video Headend software covering all Live and File needs

7ATEME © 1991-2019

1. ATEME for beginners

2.Market Trends3. Q3 Revenues

4. Strategy

8ATEME © 1991-2019

Sept 2015

$300-500M(5-7x Sales)

acquires

Sept 2015

$125M (4x Sales)

acquires

Dec 2015

€69M (1x Sales)

acquires

Consolidation Clearing the Way for ATEME

Essentially down from 7 to 4 Players

• Envivio partners are Ericsson competitors

• Redundant employees (Sales worldwide)

• Products end of life confusing clients

• Redundant employees (Rennes R&D) Ideal

Scenario

for ATEME

Jan 2018

acquires 51% of

and becomes

Oct 2018

acquires 100% of SPVTG

and becomes

• US service providers running away from their competitor (Amazon Prime Video)

9ATEME © 1991-2019

Growing Demand For UHD TV

4K TV

+38%CAGR 2017-2022

Source : Dataxis

Growing number of 4K Set-Top Boxes

4K STB

31 millionunits

in 2017

There are now 142 channels and services transmitting in 4K worldwide of which:• 85 coming from IPTV-based services (60%) ;• 55 coming from satellite (39%) ;• 2 coming from terrestrial channels that are making experimental broadcasts (1%).

Source : Eutelsat Report, Oct. 2018

Connected 4K TV sets

162

260

379

514

658

799

2017 2018 2019 2020 2021 2022

Source : CISCO VNI global IP traffic forecast 2017-2022

By 2022, nearly two-thirds

(62%) of connected flat panel

TVs will support 4K.

Un

its

-in

mill

ion

s

10ATEME © 1991-2019

ATEME Honored By Sinclair Broadcast Group

“ATSC 3.0 will be a huge opportunity for broadcasters specifically because of the data they will be able to collect within 3.0’s IP-based delivery system that establishes two-way communication between broadcasters and viewers.” - David Smith, chairman of the Sinclair Broadcast Group.

« Next Gen TV » is based on ATSC 3.0, the new standard for the terrestrial digital broadcasting system in the United States and Korea

Sinclair and its joint venture ONE Media announced 40 U.S. cities getting ATSC 3.0 next-generation TV by the end of 2020.

$6.7B 2018 REVENUE

191 TELEVISION STATIONS

607 CHANNELS

89 US MARKETS

11ATEME © 1991-2019

Others Trends We Monitor

Dec. 1st, 2018 :NHK launched the first 8K channel in the world with a broadcast of “2001: A Space Odyssey.”NHK to broadcast 2020 Olympic Games in 8K.

Numerous Content/Service Providers launch 5G trial5G promises higher quality/faster delivery of entertainmentMay accelerate cord-cutting effect and enable more app-type bundles to succeed

12ATEME © 1991-2019

1. ATEME for beginners

2. Market Trends

3.Q3 Revenues4. Strategy

13ATEME © 1991-2019

2011 2012 2013 2014 2015 2016 2017 2018 2019

Q1 Q2 Q3 Q4

Revenues Evolution by Quarter

€37.5m

€28.6m

€12.3m

€17.9m€20.6m

€24.8m

IPO

€48.6m

+18%Organicgrowth

for 9M 2019

+14%at constant

exchange rate

€56.5m

9.6

13.7

13.6

16.5

9M 2019 : €45.5m

+1%in Q3 2019

15.4

15.2

14ATEME © 1991-2019

9M 2019 Revenue Split and Growth by Region

EMEA34%

USA/Canada39%

LATAM15%

APAC13%

USA/CAN+14%

LATAM+48%

APAC+1%

9M 2019 REVENUE SPLIT BY REGION 9M 2019 REVENUE GROWTH BY REGION

-xx%at constant

exchange rate

+xx%at constant

exchange rate

+xx%at constant

exchange rate EMEA+22%

+7%at constant

exchange rate

+40%at constant

exchange rate

-4%at constant

exchange rate

Successful roll-out of multiyear engagements with key customers

15ATEME © 1991-2019

10 109

15 383 17 502

9M 2017 9M 2018 9M 2019

USA & Canada

In €

K

+14%

+7%at constant

exchange rate

16ATEME © 1991-2019

11 705 12 598 15 314

9M 2017 9M 2018 9M 2019

EMEA

In €

K

+22%

17ATEME © 1991-2019

6 012

4 477

6 638

9M 2017 9M 2018 9M 2019

LATAM

In €

K

+48%

+40%at constant

exchange rate

18ATEME © 1991-2019

4 219

5 946 6 006

9M 2017 9M 2018 9M 2019

APAC+1%

In €

K

-4%at constant

exchange rate

19ATEME © 1991-2019

IPO July 2014

20162015

2014

Evolution Since the IPO2017

50 hires in 12 months (R&D in France, Support engineers and Sales in all 4 regions)

€12.3m

€-2.5m

€15.0m

€-1.6m

€16.3m

€0.0m

€12.9m

€-1.1m

€11.9m

€-0.9m

Phase 2:Design of TITAN 4 and reorganization of international offices

Phase 3: Commercial launch

165

135

170

€22.5m

€3.6m

Growth acceleration in H2 2016: a 2 years ROI since the IPO

Revenues

Net Loss/Profit

220

€20.9m

€0.3m

Phase 1: 30 hires in 6 months (opened Rennes R&D office)

€27.7m

€3.5m

2018

€23.2m

€-3.2m

252

€33.3m

€4.9m

€30.1m

2019

€-1.2m

274

20ATEME © 1991-2019

1. ATEME for beginners

2. Market Trends

3. Q3 Revenues

4.Strategy

21ATEME © 1991-2019

The Media Landscape

Studios/Broadcasters/NetworksCreated string brands in the 80’s-90’s

Service Providers (MVPDs) Historically, got the broader access to customer

SVOD or Ad-Supported VOD ServiceImpose Binge Watching as the Way to consume video

Virtual Service Providers (vMVPDs)New content or Skinny cost-effective bundlesNew

Entrants

Digital Native

Traditional Players

TV/STB native

Content ProvidersCreate/Produce/License Content

Service ProvidersAggregate/Distribute Content

22ATEME © 1991-2019

Prepare Expanding to CPs and SPs OTT delivery

Service Provider(Satellite, Cable, Telco)

Video Headend

PrimaryDistribution

Traditional Distribution

SubscriberCDN

Content ProviderTV Network

CDN

2 Enable new decentralized

distribution workflow for SPs

1 Enable CPs’ direct access

to consumers

OTT

Most of ATEME business today

Playout Compression Distribution

23ATEME © 1991-2019

Playout Brings Video Contents To Home

Live Streams

Video Files

Subtitles

Playlist

Graphics

PLAYOUT

Source : ESPN User Interface

24ATEME © 1991-2019

TITAN Business Model

Industry standard : Project based business model New business model : Multi-year Engagement

• TITAN pay-up perpetual licenses (1 license per SD/HD/UHD channel)

• Recurring Annual support 15-20%

• Optionally some clients source the servers from ATEME

ATEME benefit: revenue predictability

Customer benefit: guarantee their move to a new video compression vendor is future proof

Year1 Year2 Year3 Year4 Year5

*

*Optionally some clients source the servers from ATEME

“Recurring CAPEX”:

• Most clients need additional licenses for extensions• Largest clients operate in multiple sites or countries

Each project includes: Largest clients operate multiple video headends

We offer these clients to “drive” ATEME software roadmap against multi-year commitment

25ATEME © 1991-2019

2020

2019Win the Video Head End market and prepare expanding to CPs and SPs OTT delivery

Gross Margin expected up(shift to software)

Increasing operating profit every year

Multi-year contracts leading to increasing predictability in topline growth (+20%), with contribution from all 4 regions

2 Year Plan

S&M investments to

keep developing our

international coverage, but will

not grow as fast as the topline

R&D investments to

develop innovative

Network solutions, but will

not grow as fast as the topline

26ATEME © 1991-2019

Investor Relations

Next investor dates

Market data

ISIN: FR0011992700 - Ticker: ATEME

Stock price: €11.98 (as of November 4, 2019)

Market cap: €125.4m (as of November 4, 2019)

Nov.14, 2019 TECH40 Investor Forum (Oddo),

Frankfurt

Dec.3, 2019 Technological Innovation Seminar

(Portzamparc BNP Paribas), Paris

Jan. 30, 2020 2019 Annual Revenues

Concert Artières

12%

Xavier Niel5%

Keren Finance

6%

Axa IM5%

Others < 5%72%

Liquidity contract: Gilbert Dupont

Source : Company, as of October 31, 2019

Shareholder structure Stock Price (€) Volume (€)

Number of shares: 10,463,938Potential dilution : 168,188

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