One of the key features of the NEO template is the slideshow that you see on the front page. This is actually a module position in the template called "Slide". Slide Show SP2 Module Parameter Settings are described here.
Basic Options:
You can see the settings of width and height for this slideshow in the screenshot below.
For image and text you must have a category. At least 3 Articles with images have to publish under this category. Then select actual category from Data Source option .
Layout must be Default from Slideshow Options.
Click Yes from Navigation Options> Show Arrows