Agile Content S A : "Annual Report" (versión en inglés)

OTRA INFORMACIÓN RELEVANTE

AGILE CONTENT, S.A.

Bilbao, 29 de abril de 2022

Muy señores nuestros,

En virtud de lo previsto en el artículo 17 del Reglamento (UE) nº 596/2014 sobre abuso de mercado y en el artículo 227 del texto refundido de la Ley del Mercado de Valores, aprobado por el Real Decreto Legislativo 4/2015, de 23 de octubre, y disposiciones concordantes, así como en la Circular 3/2020 del segmento BME Growth de BME MTF Equity (en adelante "BME

Growth"), ponemos en su conocimiento la siguiente información relativa al Annual Report 2021.

Annual Report 2021 (versión en inglés)

De conformidad con lo dispuesto en la Circular 3/2020 de BME Growth, se hace constar que la información comunicada por la presente ha sido elaborada bajo la exclusiva responsabilidad de la Sociedad y sus administradores.

Atentamente,

AGILE CONTENT S.A.

http://www.agilecontent.com| http://www.agile-tv.es

INDEX

• 01. LETTER FROM THE CEO ........................................................... 3

• 02. ABOUT AGILE CONTENT ............................................................. 5

  2.1 Who we are 6

  2.2 What makes us different 7

  2.3 Our stakeholders 8

  2.4 Some of our partners 9

  2.5 The Agile Content brands 10

• 03. OUR TEAM ................................................................................... 11

  3.1 Board of directors 12

  3.2 Advisors 15

  3.3 Management team 16

  3.4 Our people 20

  3.4.1 Our people in figures 21

  3.4.2 Meet some of our people 22

• 04. PAST, PRESENT FUTURE .......................................................... 24

  4.1 An opportunity of consolidation and scale 25

  4.2 The last 3 years 27

  4.3 The year in figures - the company 28

  4.3.1 Highlights of the year 29

  4.3.2 New incorporations 30

  4.3.3 The year in figures - financial 31

  4.4 The next 3 years 32

• 05. OUR PRODUCTS AND SOLUTIONS ......................................... 33

  5.1 Mutually supporting engagement models 34

  5.2 Our Technology Products 35

  5.2.1 Our Four Technology Product Areas 36

  5.3 Agile TV and the partnership model 37

• 06. INNOVATION AND R&D ........................................................... 38

6.1 Innovation

39

• 07. INVEST IN AGILE CONTENT ..................................................... 40

  7.1 EthiFinance Ratings 41

  7.2 GVC Gaesco 42

• 08. ENVIRONMENTAL, SOCIAL AND GOVERNANCE ........................ 43

  8.1 ESG - Our Commitment 44

  8.1.1 ESG - Key objectives 45

• 09. FINANCIAL REPORT .................................................................. 46

LETTER FROM THE CEO

01

Dear Shareholder,

We are pleased to present the consolidated financial statements for the year 2021, along with an update on the evolution of our business following our latest industry acquisitions and technology investments.

It has been a great year for Agile Content in terms of growth, execution of synergies and integration of teams, consolidating our leadership position across the Pay TV and OTT market.

Last year we continued to drive our strategy up-wards based on three solid pillars: organic growth, the efficient integration of our acquisitions within the model of ownership, and investment in key tech-nologies.

We have reinforced our position as the leading neutral provider of video infrastructure in Europe, with a 169% growth in sales and a turnover of 55 million euros. In addition to this growth, Agile Con-

2021 has been a great year for Agile Content in terms of growth, execu-tion of synergies and integration of teams, establishing our leadership position across the Pay TV and OTT market.

HERNÁN SCAPUSIO

CEO, AGILE CONTENTtent increased its EBITDA to 5 million euros, which represents a year-on-year growth of 150%. Adjusted EBITDA, excluding extraordinary expenses, reached around 7.5 million euros. Looking ahead, the compa-ny has concluded 2021 with an order book of around €280 million with average contract length between 3 and 8 years and strong recurring revenue.

These results demonstrate the successful strategic approach as a provider of video technologies in B2B and as an outsourced Pay TV infrastructure leader in B2B2C.

With our B2B portfolio, Agile Content works with 17 of the 50 largest telecommunications companies in the world, with more than 50 million households now benefiting from its products and services, a remarkable milestone. On the other hand, Agile TV reached 710,000 subscribers in December 2021 thanks to the integration of Euskaltel TV and strong

organic growth, with more than 43,000 net addi-tions in the last quarter. A significant boost that has positioned us as one of the 5 fastest growing Pay TV platforms in Europe in terms of subscriber increase. In the next 5 years, more than 80 million Europeans will adopt new fiber connections and our goal is that all those connections will be ac-companied by a TV service thanks to a technical solution that guarantees the best experience at an affordable price for the mass market.

During 2021, our investment in R+D+I stood at more than 6 million euros, a year in which Agile Content solutions were recognized by leading organizations in the industry as relevant innovations that drive the future of television. This includes being honored at the Streaming Media European Readers' Choice Awards 2021, as well as the Digital Media World Awards.

Looking back, we know that this entire journey would not have been possible without our committed team of around 300 engineers and video business special-ists, with talent spread across 24 countries. Likewise, our shareholders and the financial markets have pro-vided the support, with the necessary muscle to help us maintain this rapid and sustained growth.

We are already one of the top 30 Pay TV provid-ers in Europe in 2021, with a scale greater than three-quarters of the TV operator market, and on a neutral video infrastructure model geared to-wards adding critical mass globally.

Agile Content´s revenue and EBITDA growth, driv-en by operational efficiency and organic growth, demonstrate the potential of our consolidation strategy in a highly fragmented European market. We invest steadily to ensure a competitive, fast and flexible television service, capable of adapting to a fast-moving and increasingly complex market. Tapping into a global and scalable infrastructure with a beneficial cost structure as well as an op-erational advantage, it differentiates us as a main potential partner for all large global operators.

The corporate operations undertaken in recent years have allowed us to increase investments in R&D by 65%, improving the competitiveness of the portfolio, while proving the scale benefits of in-vestments in development as the R&D investment over sales ratio improved from 18.5% to 11.4%.

Agile Content´s revenue and EBITDA growth, driven by operational efficiency and organic growth, demonstrate the potential of our consolidation strategy in a highly fragmented European market.

From this position we have new opportunities to be an active agent that consolidates our segment fur-ther. We have shown in 2021 that we can successfully manage the entire television value chain thanks to our team and technology.

I would like to offer my thanks for your continued support in our efforts of consolidating the European Pay TV / OTT market, and impact how millions of people are informed and entertained daily.