2018 Annual Revenues

January 31, 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.ATEME2. Market Trends

3. 2018 Revenues

4. Strategy

5ATEME © 1991-2019

ATEME Factsheet

33 Patents

260 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 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

2.Market Trends3. 2018 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

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

• 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

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

UHD Content Impacts IP Video Growth

UHD IP video will account for 22% of global IP video traffic by 2022

Exab

ytes

per

mo

nth

• The amount of traffic crossing the global internet will increase by 153% to around 356 exabytes a month by

2022, with video accounting for 82% of traffic.

• More traffic will cross the internet in 2022, than in the entire span of 1984-2016 combined. And in five years,

60% of the world’s population will be using the internet.

+29%CAGR

2017-2022

Source : CISCO VNI global IP traffic forecast 2017-2022

Netflix Subscribers Worldwide

0

20

40

60

80

100

120

140

160

2012 2013 2014 2015 2016 2017 2018

Source : Statista

Nu

mb

ero

f su

bsc

rib

ers

in m

illio

ns

“Netflix is the key service driving UHD SVoDspend. Depending on the country, around 20 percent to 30 percent of subscribers have opted for the UHD premium tier.”

11ATEME © 1991-2019

ATEME supports all HDR compression standards

Realtek, Mediatek et Hisilicon are semiconductor manufacturers for TVs, set-top boxes, etc.

HDR is included in over half of all 4K UHD TVs sold worldwide in 2018

ATEME supports all HDR compression standards

13ATEME © 1991-2019

Latest Tech News / 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

14ATEME © 1991-2019

1. ATEME

2. Market Trends

3.2018 Revenues4. Strategy

15ATEME © 1991-2019

10 646 9 563

10 291 13 672

11 108

15 169

16 554

18 086

2011 2012 2013 2014 2015 2016 2017 2018

Q1 Q2 Q3 Q4

Revenues Evolution by Quarter

€37.5m

€28.6m

€12.3m

€17.9m€20.6m

€24.8m

IPO

€48.6m

+16.2%in 2018

+18.1%at constant

exchange rate

€56.5m

16ATEME © 1991-2019

2018 Annual Revenue Split and Growth by Region

EMEA37%

USA/Canada33%

LATAM12%

APAC19%

USA/CAN+18%

LATAM-17%

APAC+70%

2018 REVENUE SPLIT BY REGION 2018 REVENUE GROWTH BY REGION

-xx%at constant

exchange rate

+xx%at constant

exchange rate

+xx%at constant

exchange rateEMEA+11%

+21%at constant

exchange rate

-14%at constant

exchange rate

+73%at constant

exchange rate

17ATEME © 1991-2019

11 948

15 700

18 527

2016 2017 2018

USA & Canada

In €

K

+18%

+21%at constant

exchange rate

18ATEME © 1991-2019

16 293 18 593

20 621

2016 2017 2018

EMEA

In €

K

+11%

19ATEME © 1991-2019

5 018 6 311

10 743

2016 2017 2018

APAC

+70%

In €

K

+73%at constant

exchange rate

20ATEME © 1991-2019

4 200

7 995 6 600

2016 2017 2018

LATAM

In €

K

-17%

-14%at constant

exchange rate

21ATEME © 1991-2019

1. ATEME

2. Market Trends

3. 2018 Revenues

4.Strategy

22ATEME © 1991-2019

Content Providers Line-Up for Direct-To-Consumer OTT Services

NEW OTT Services Announced to be launched in the Coming 12-18 Months. More to Come

• Going direct to consumer = Less Intermediate in Distribution chain = Increased Revenue

• Access to end-user consumption may lead to targeted advertisement, hence even more revenue

promises

Consequence on ATEME = Growth Opportunities, these companies invest on Video Solutions

23ATEME © 1991-2019

New Video Delivery Schemes Enabling Major TAM Increase

$250mPrimary

Distribution

$100mContribution

$300mOTT / Multiscreen

$350mDistribution

Sources : Frost & Sullivan (2014), Company

Video Delivery Infrastructure

WIN THE VIDEO HEADEND EXPAND TO VIDEO NETWORKING

• TITAN Video Head End software components can be reused in the Network to enable new video delivery schemes

• Limited R&D investment (reusing TITAN components)

• No go to market investment (same clients)

Traditional Video Compression Market = $1B Network Infrastructure Market = $25B

24ATEME © 1991-2019

New Video Delivery Schemes

Traditional distribution schemeA centralized Video Headend provides 1000 contents X 10 formats to the whole network

Video Headend

Adding video processing capabilities closer to the subscribers enables multiple benefits for the Service Provider:• Incremental revenues with targeted add

insertion at the Metro Network• Network CAPEX savings: TITAN’s JITT

(Just In time Transcoding) consists in sending into the network only 1 format per content. TITAN then generates specific formats upon request and available bandwidth, leading to 75% last mile bandwidth savings (1 format vs 10)

LAST MILE

ACCESS NETWORK

WIDE AREA AND METRO NETWORK

BACKBONE OR CORE NETWORK

25ATEME © 1991-2019

Expand to CPs and SPs OTT Delivery

Service Provider(Satellite, Cable, Telco)

Video Headend

PrimaryDistribution

Traditional Distribution

SubscriberCDN

Content ProviderTV Network

CDN

1 Enable new decentralized

distribution workflow for SPs

2 Enable CPs’ direct access

to consumers

OTT

Most of ATEME business today

26ATEME © 1991-2019

2020

2019Win the Video Head End market and prepareexpanding to Network

Gross Margin expected up(shift to software)

Increasing operating profit every year

Multi-year contracts leading to increasing predictability in topline growth, 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

27ATEME © 1991-2019

Investor Relations

Next investor date

Market data

ISIN: FR0011992700 - Ticker: ATEME

Stock price: €13.44 (as of Jan. 30, 2019)

Market cap: €140m (as of Jan.30, 2019)

Concert Artières

12%Xavier

Niel6%

Keren Finance

6%

Dorval AM6%

Others < 5%70%

Liquidity contract: Gilbert Dupont

Source : company, as of December 31, 2018

March 28, 2019 2018 Year-End Results

May 7, 2019 2019 First Quarter Revenues

June 6, 2019 Annual Shareholders Meeting

July 18, 2019 2019 Half-Year Revenues

Sept. 26, 2019 2019 Half-Year Results

Nov. 5, 2019 2019 Third Quarter Revenues

Shareholder structureNumber of shares: 10,418,984Potential dilution : 190,955

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