I've used this tool and although there is a paid version, I've really never seen the need to do much more than what the free version does. You can check out the comparison of the Free vs Paid version on the home page to determine your specific needs.
Description From the Site:
Convert PowerPoint Presentation to Video for Free
Acoolsoft PPT to Video Free make it easy to convert PowerPoint presentations to videos with no cost. Convert your PowerPoint presentation to video file in formats of WMV, ASF, MKV and MOV and share to all with more flexible ways."
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