Blackbird Plc · LSE:BIRD
Blackbird — Forbidden Technologies — H1 2010 Earnings Presentation
20 slides from Blackbird's earnings presentation, Sep 27, 2010
Slide 1: The ARM of video
“The ARM™ of video” Forbidden Technologies plc Presentation following the Interim Results for the six months to 30 June 2010 27 September 2010
Slide 2: Disclaimer
Disclaimer • This presentation expresses the opinions of Forbidden Technologies plc and should not be relied on when making investment decisions
Slide 3: Forbidden Technologies
Forbidden Technologies • AIM flotation in February 2000 • History of expertise in internet video technology • Has created a market leading cloud based video platform • 1,000,000+ hours of professionally shot content processed • Patented technology • Current phase of global expansion began in H2 2010
Slide 4: Financial results
Financial results • See attached Interim Results statement
Slide 5: Recent Turnover
Recent Turnover £600,000 £500,000 £400,000 £300,000 £200,000 £100,000 £0 2007 2008 2009 2010 First half Second half
Slide 6: History
History Precursor system developed & sold Cloud infrastructure developed 1990 2000 2009 1990 2000 2005 2009 Software solution Forbidden First TV Scalable launch at IBC Technologies programmes use infrastructure flotation FORscene
Slide 7: Cloud post production
Cloud post production The Cloud • Low capital requirements • Uses existing, scalable infrastructure Post production • A $2Bn pa industry • Explosion in internet video distribution • Fragmentation of media delivery is driving the need to contain costs • Ripe for a revolution in workflows
Slide 8: Broadcast workflow
Broadcast workflow 1Mbps browse A silty upload —_] Automatic Uplog FORscene Proxy Server roe veld Edit I 1 Mbps Edit per user FORscene Cloud Sor) Your Storage Log
Slide 9: Web distribution workflow
Web distribution workflow Ld FORscene Cloud 1Mbps browse ~_/ quality upload Automat © Uplo, FORscene Proxy ene, eT full quality on demand upload Your Storage low bitrate output full quality HD output Ca >] I Mbps per user Distribute cS Edit (4) pal cs Log
Slide 10: Key advantage - scalability
Key advantage - scalability • Unrivalled fat-client approach • Customers add their CPU power to the system • Architecture supports 1,000 concurrent editors per Cloud Server
Slide 11: Key advantage – fit for purpose
Key advantage – fit for purpose • Forbidden compression technology – designed for professional cloud editing – efficient enough for Java playback – works on standard internet connections • 20 years of codec experience • 20 years of video editing design experience
Slide 12: Key advantage - proven system
Key advantage - proven system • Professional use since 2005 • 1,000,000+ hours of professionally shot content processed • Recurring business with UK post-production industry • Internet video use growing rapidly • No clear rivals in cloud video post-production • First major partners signed up
Slide 13: Recent events
Recent events 2008 2009 2010 Q4 Q1 – Q4 Q3 First Scalable cloud First Cloud significant system Server sale third party architecture sales implemented agreement Q2 End-to-end HD workflow Q3 Smartphone prototype
Slide 14: Business model (1)
Business model (1) • FORscene has become successfully established through Software as a Service (SaaS) • Current overheads reflect the creation and maintenance of a single FORscene Cloud • Current turnover stems from a single FORscene Cloud • Sales growth through partners' customers: – large custome
Slide 15: Business model (2)
Business model (2) • Systems Integrators are transforming business model • Existing FORscene Cloud generates £250k+ annual revenue • SI's expected to sell, build and manage their own FORscene Clouds • Objective is to make FORscene the standard Cloud post-production component for significant video sy
Slide 16: Conclusion
Conclusion • Cloud post-production is coming of age • FORscene is now a proven system • Forbidden is the clear market leader • The platform scales to support business growth • Sales strategy to grow global revenue
Slide 17: Appendix
Appendix
Slide 18: The Board
The Board • Vic Steel, Chairman • Stephen B. Streater, CEO • Phil Madden, Finance Director • Greg Hirst, Business Development Director • David Main, Non-executive Director
Slide 19: Recent share price performance
Recent share price performance September 2009 - September 2010 – Hemscott
Slide 20: Key statistics
Key statistics • Ticker: FBT • Shares in issue: 81,162,500 • Key shareholders – SB Streater: 62,660,000 (77.2%) – VJ Steel: 812,500 (1.00%) – PJ Madden: 150,875 (0.19%) – GB Hirst: 60,000 (0.07%) – SF t1ps Smaller Companies Growth Fund: 2,500,000 (3.1%) • Share price: 25.5p • Market cap: £20.7m Info
Forbidden Technologies — H1 2010 Earnings Presentation on 6ix