I have been converting PowerPoint presentations to .swf formats using a program called " iSpring free " PowerPoint to Flash and E-Learning Software | iSpring Solutions for PowerPoint to Flash Conversion. I then convert the.swf file to avi format using " iWisoft Flash SWF to Video Converter" Flash SWF to Video Converter, Best SWF Converter to convert SWF to AVI, SWF to FLV, SWF to WMV, SWF to MOV, SWF to MP3.
the free version of this program leaves a watermark but I find this not too intrusive.
All a bit tedious but the results are good.