2020Revenues

January 29, 2021

2ATEME © 1991-2020

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 © 1991-2020

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 © 1991-2020

1.Two Leaders Joining Forces

2. Market Trends

3. ATEME 2020 Revenues

4. Outlook

5ATEME © 1991-2020

ATEME + ANEVIA = Two Leaders Joining Forces

50 Patents

Up 55% in 2019

448 people in 20 countries

Public since 2014

1000+ clients in 100 countries

82 M€ in 2019

ATEME + ANEVIA help Content Providers andService Providers transform their video deliveryto enable innovative live and on demand videoservices and enhance the quality of experience

MRRMONTHLY

RECURRINGREVENUE

6ATEME © 1991-2020

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

NEA is a software suite for the OTT delivery (CDN, cloud DVR, DAI)

NEA is a software suite for the OTT delivery (CDN, cloud DVR, DAI)

7ATEME © 1991-2020

ANEVIA & ATEME to Win the OTT Market

Service Provider(Satellite, Cable, Telco)

End-userContent Provider

TV Network

Direct-to-Consumer

Channel Origination

VideoHeadend

OTTStreaming

CDN Cloud DVR Analytics

High Fidelity QualityMulti-Cloud Operations

Reduced TCO of 1000’s of channels

Low Latency NetworkMonetizing OTT with Cloud DVR, Catch-up TV

Customize Ads and Content

Enhanced Customer SatisfactionIncreased ARPU & Ads Revenue

Reduced Churn Rate

CDN

8ATEME © 1991-2020

Contribution Distribution File Prod File VODD2C

DistributionChannel

OriginationOriginServer

Cloud DVR DAI CDN Analytics

x x x x x x x x x x x

x x x x x x x x x (3rd party)

x x x x x x x x

x x x x x x x x

x x x x x x x Cloudfront Analytics

x x x x x

x x x x

x x x x

$2b TAM, Unique Innovative Player with E2E Offering

~$1b TAM~$1b TAM

9ATEME © 1991-2020

Video Headend and CDN Complementary Sales Cycles

Year 1 Year 2 Year 3 Year 4 Year 5

Headend (encoding)

CDN (incl. Origin)

Inve

stm

ent

($)

Video Headend (encoding) business

• Investments driven by the amount of content (live channels, VOD catalogue)

• Typically generating flat repeat business

CDN / OTT video delivery business

• Investments driven by the growth of the traffic

• Successful OTT services face a X2 traffic every year

10ATEME © 1991-2020

ATEME member of Alliance for Open Media

Internet leaders partnering to standardize AV1 in 2017. a royalty-free alternative to HEVC, looking for AV2

Technology Leadership through Standardization Activities

ATEME involvement in the standardization activities is unique amongst video compression vendors

ATSC 3.0

ATEME working on MPEG next gen encoding (VVC)MPEG next gen transport (CMAF, MMT)

Major actors

11ATEME © 1991-2020

ATEME Makes Video Compression History with 3 Emmy® Awards

awarded with three Emmys®

• Development of perceptual metrics for video encoding optimization: how ATEME can mimic the human eye

• Artificial Intelligence optimization for video compression: how ATEME can reduce total cost of ownership without compromising on quality

• Development of massive processing optimized compression technologies: How ATEME can help SVOD providers produce more and better content in the cloud

The Technology & Engineering Emmy® Awards are awarded to a living individual, a company, or a scientific or technical organization for developments and/or standardization involved in engineering technologies that either represent so extensive an improvement on existing methods or are so innovative in nature that they materially have affected television.

12ATEME © 1991-2020

1. Two Leaders Joining Forces

2.Market Trends3. ATEME 2020 Revenues

4. Outlook

13ATEME © 1991-2020

Evolution of 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

14ATEME © 1991-2020

Subscribers Move to New Services, TV Viewing is Shifting

The AVOD- SVOD continuum excluding traditional linear TV

Pay TV and SVOD subscribersEurope, million subscribers, 2014-20

SVOD & OTT services subscribers experience the highest growth rate

The switch to online video is global

Source: The State on the Online Video 2020, LimelightSource: Dataxis

15ATEME © 1991-2020

Challenges: Fragmentation, Subscription Fatigue, QoE

Content Fragmentation: Where to Find what ?Too many services from end-viewer perspective

Source: The State on the Online Video 2020, Limelight

Video Technology needs to get better

Number of active video streaming platforms2014-20, Europe

Source: Dataxis

16ATEME © 1991-2020

Opportunities: SPs Become OTT App Aggregators, Personalized TV

MVPDs (Comcast, LG, Canal+…) acting as OTT App Market Place

In some regions sensitive to credit card payment, they are also carrier billing

Personalized TV

aka Linear On Demand

‘’The great un-bundling could give birth to the great re-bundling’’, Matt Strauss, Chairman, Peacock and NBCUniversal Digital Enterprise

17ATEME © 1991-2020

The Power of Personalization

Source: Deloitte InsightsSource: Google

Source: Tivo

Reduce Churn Rate for Service Providers Customers are Looking for It

Increase Ads Revenue

18ATEME © 1991-2020

COVID: Acceleration to Multi & Hybrid Cloud

Post Covid-19, 93% of enterprises have a multi-cloud strategy

Companies use an average of 2.2 public clouds and 2.2 private clouds

Public Cloud

Source: Flexera 2020 State of the Cloud Report

Strengthening ATEME competitive advantages

• ATEME solutions are agnostic to infrastructure

• Strong partnership build with AWS, MS Azure, Google Cloud and leading regional cloud providers

Private cloud Virtualisation

19ATEME © 1991-2020

How We Help

Personalization

Reduce customer Acquisition Cost

Generate New Revenue Streams

OTT Services Aggregation

Lower CDN Traffic

High QoE on any screen reducing churn rate

20ATEME © 1991-2020

1. Two Leaders Joining Forces

2. Market Trends

3.ATEME 2020 Revenues4. Outlook

21ATEME © 1991-2020

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Q1 Q2 Q3 Q4 Anevia (2 months)

Revenues Evolution by Quarter

€37.5m

€28.6m

€12.3m

€17.9m€20.6m

€24.8m

IPO

€48.6m

+32% GrowthIn Q4 2020

+11%at constant

exch. Rate & perimeter

€56.5m

13.6

€66.3m

12.4

16.5 16.7

14.115.4

€70.7m

22.320.9

2020 REVENUES

€70.7m, up + 7%

(flat at constant exch. Rate & perimeter)

5.3

STRONG GROWTH IN

Q4

22ATEME © 1991-2020

2020 Revenue Split and Growth by Region

USA/CAN+8%

LATAM-16%

APAC+43%

2020 REVENUE SPLIT BY REGION 2020 REVENUE GROWTH BY REGION

-xx%at constant

exchange rate

+xx%at constant

exchange rate

+xx%at constant

exchange rate EMEA+2%

+7%(at constant

exch. rate and perimeter)

-41%(at constant

exch. rate and perimeter)

+45%(at constant

exch. rate and perimeter)

EMEA24.935%

USA/Canada26.537%

LATAM7.511%

APAC11.817%

-7%(at constant

exch. rate and perimeter)

23ATEME © 1991-2020

MRR up 70% in 2020

Multi-Year Contracts

Monthly Recurring Revenue

SLASoftware

Lease Contracts

January 2018 January 2019 January 2020 January 2021✓ Increased visibility with secured

revenues✓ Higher resilience in crisis✓ Increased profitability with

optimization of S&M costs

€300k

€880k

€570k

€1.5m +55%

+70%

24ATEME © 1991-2020

IPO July 2014

2016

2015

2014

Growing Profitably Since 2016

2017

€12.3m

€-2.5m

€15.0m

€-1.6m

€16.3m

€0.0m

€12.9m

€-1.1m

€11.9m

€-0.9m

€22.5m

€3.6m

Revenues

Net Loss/Profit

€20.9m

€0.3m

€27.7m

€3.5m

2018

€23.2m

€-3.2m

€33.3m

€4.9m

2019

€30.1m

€-1.2m

€36.2m

€5.8m

2020

€29.0m

€-2.6m

165135

170

220252

300

448*

€41.7m

* incl. Anevia employees

25ATEME © 1991-2020

1. Two Leaders Joining Forces

2. Market Trends

3. ATEME 2020 Revenues

4.Outlook

26ATEME © 1991-2020

ANEVIA INTEGRATION IN

LINE WITH EXPECTATIONS

Strong potential for

BOOSTING NEA SALES with ATEME

global sales organization and installed base

Short Term Outlook

Strong focus on

GROWING MRR

INCREASE THE WEIGHT OF MRR in our revenues every

year

Favorable product mix

underpinning a

RECOVERY IN THE 2020

GROSS MARGIN,

expected to grow by a few points on a Full Year

basis

3 YEAR GUIDANCE WILL BE PRESENTED WITH 2020 ANNUAL RESULTS

27ATEME © 1991-2020

Investor Relations

Next investor dates

Market data

ISIN: FR0011992700 - Ticker: ATEME

Stock price: €17.28 (as of January 27, 2021)

Market cap: €192.4m (as of January 27, 2021)

Concert Artières

11%

NJJ Capital (Xavier Niel)

5%

Keren Finance5%

Axa IM5%

Otus Capital

9%

Others < 5%65%

Liquidity contract: Kepler Cheuvreux

Source : Company, as of January 19, 2021

Shareholder structureNumber of shares : 11,135,324 Potential dilution : 339,875

Stock price (€)

Volumes(nb of shares)

March 25, 2021 2020 Year-End Results

May 6, 2021 2021 First Quarter Revenues

June 9, 2021 Annual Shareholders Meeting

July 16, 2021 2021 Half-Year Revenues

September 28, 2021 2021 Half-Year Results

November 5, 2021 2021 Third Quarter Revenues

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