Stingray Group, Inc. · TSX:RAY
Stingray — Investor Presentation (February 2026)
31 slides from Stingray's investor presentation, February 2026
Slide 1: Investor Presentation
Investor Presentation February 2026
Slide 2: Table of Contents
Table of Contents Who We Are 4 Tuneln Acquisition 9 3rd Quarter 2026 Market and Divisional Highlights 16 Consumers 7 Business 20 Radio 23 Financial Results and Highlights 24 Appendix 30 (i Y stincray
Slide 3: Legal Disclaimer
LEGAL DISCLAIMER This presentation has been prepared by Stingray Group Inc. (“Stingray” or the “Corporation”) solely for information purposes. Recipients of this presentation may not reproduce or otherwise redistribute, in whole or in part, this presentation to any other person. Unless indicated oth
Slide 4: Who We Are: Music Everywhere, All Day, Every Day
WHO WE ARE Music Everywhere, All Day, Every Day At home Morning commute At work Evening commute Commercial Entertainment Mobile app * Mobile app * Television * Mobile app + Mobile app * Television + Web player + Apple CarPlay * Mobile app * Apple CarPlay + Television * Mobile app Radio + Android Aut
Slide 5: Driving our Growth: Three Strategic Pillars
WHO WE ARE Driving our Growth: Three Strategic Pillars Distribution VA Monetization ol] Content pe Ubiquitous Global Reach: As the most widely distributed streaming media company, our services are integrated directly into connected TVs, smart speakers, mobile devices, connected cars, and retail stor
Slide 6: Tuning into the Future: Navigating Market Dynamics for Sustainable Growth
Tuning into the Future: Navigating Market Dynamics for Sustainable Growth > [> Traditional Cable Deployment of our © Acquisition of Tuneln, © Acquisition of the © Acquisition of In Store Business with Audio Product Offering on Radio Stations Audio Network (ISAN) = Stingray becomes the Linear Music (
Slide 7: Integrated Business Ecosystem Powered by Music and Video Content
WHO WE ARE Integrated Business Ecosystem Powered by Music and Video Content 1,100 employees globally ONE integrated tech infrastructure Over 500 licensing relationships that power our 3 core divisions and product offerings Our vision is to deliver the best curated audio and video experiences for con
Slide 8: Global Network of Premier B2B Partners
WHO WE ARE Global Network of Premier B2B Partners: Trusted by the World's Leading Brands Connected TV (FAST) = a) PIlUtO@ 12) ic Channels Samsung = TV Plus vizi0 XUMO Roku es R®nNIo T ® Mercedes-Benz JaGcuar Advertising Partners A "a amag! RADIO Exchange Magnite — nexxen “OpenX. @ thelradeDesk VeVO
Slide 9: TuneIn Acquisition: Accelerating Our Growth Vectors
> g STINGRAY g ¥ @ Tuneln Acquisition Accelerating Our Growth Vectors
Slide 10: Transaction & Financing Overview
TUNEIN ACQUISTION Transaction & Financing Overview i Key Terms & Valuation =— = Financing Management & © b ® Governance 7“ y, Synergies Anticipated Close EN Note: All figures in C$, unless otherwise indicated Source: Information provided by Tuneln and publie information This is @ nomiERS measure and
Slide 11: TuneIn Connects Audiences, Broadcasters, and Advertisers Across Devices
TUNEIN COMPANY OVERVIEW Tuneln Connects Audiences, Broadcasters, and Advertisers Across Devices 250K+ Count! 600M+ Monthly Li Music News & Talk ) Sports Podcasts Audiobooks AN «6» f eR TR wo CORN nsnec “VS ex gms ae | wove oes EE VRE Ricans = S sri 100K+ BUSINESS SEGMENTS Advertising Revenue (-75% o
Slide 12: Innovative and Leading Multi-Channel Ad Monetization Strategy and Platform
Innovative and Leading Multi-Channel Ad Monetization Strategy and Platform Ad Channels J ~ A oo Advertisers Programmatic Indirect Private Marketplace Direct Automated Open ‘Account Insertion Orders/ audible” §GaeG7ig OUNKIN' Bidding Exchange Management Programmatic Guaranteed Sponsorship ne Growing
Slide 13: Supported by a Best-In-Class Content Offering
TUNEIN COMPANY OVERVIEW Supported by a Best-In-Class Content Offering DIVERSE GROUP OF CONTENT PROVIDERS ACROSS TOP STATIONS ~40 OWNED & OPERATED (O&O) MUSIC CHANNELS \ 7 ~ \ - ~\ , . { Curated Music Stations » eesey cise ~=EINN oa Mae - “ ae hd ‘a a] Y Catalogue of curated music stations emus ESTE
Slide 14: Meaningful Synergies from the Combined Strengths
TUNEIN ACQUISITION Meaningful Synergies from the Combined Strengths a Leverage complementary media assets (incl. Stingray’s broadcast and retail media teams) and expertise to significantly improve ad fill rates and monetization in Canada and in the U.S. / \ ~$10M Cost Synergies within 12-18 Months N
Slide 15: Accelerating Stingray's Global Footprint
TUNEIN ACQUISITION Accelerating Stingray’s Global Footprint a Content Offering a Reach & Scale Advertising Supply Cores Competencies Bd STINGRAY TUNE E Combined Leader in Music Offering for Connected TV, Retail Media, and In-Car 540M+ Consumers Reached Globally Available & Growing Ad Inventory Best
Slide 16: 3rd Quarter 2026 Market and Divisional Highlights
3'¢ Quarter 2026 ) Market and Divisional Highlights
Slide 17: Accelerating Ad Monetization Strategy
BUSINESS - CONSUMERS - RADIO Accelerating Ad Monetization Strategy: Capturing a High-Growth Markets Our strategic focus on + 32.6% YoY Growth (Q3 2026) in Advertising Revenue: demonstrates successful monetization of adve rtising is delivering our audience on Tuneln, Connected TV and in our Retail Me
Slide 18: Leading the Future of Television: The FAST Channel Revolution
BUSINESS - CONSUMERS - RADIO 0 i) Leading the Future of Television: The FAST Channel Revolution Up 55.1% vs Q3F25 * Established a key strategic position in the FAST market, providing premium curated content to millions of viewers 96,202 (55.1% YoY growth in streaming hours in Q3 2026) 87298 82,522 *
Slide 19: Winning the In-Car Experience
BUSINESS - CONSUMERS - RADIO i) Winning the In-Car Experience: Our Technology on a the Road . The Strategy: Monetizing the Connected Car Frontier. We are leveraging the massive B2B2C connected car market to move beyond content delivery. Our recent Tuneln partnership with Nissan exemplifies this stra
Slide 20: Stingray Advertising - Retail Media: Capturing the Future of In-Store Influence
BUSINESS - CONSUMERS - RADIO 0 i) Stingray Advertising - Retail Media: Capturing the Future of In-Store Influence Stingray Advertising has evolved from nascent to dominant with over @\Aibertsons tyVee. FOODAALION 33,500 accessible locations in the aggregate (within the total oe addressable market of
Slide 21: Retail Media: Growing our Market Share with the DMI Acquisition
BUSINESS - CONSUMERS - RADIO Stingray Advertising - Retail Media: Growing our Market Share with the DMI Acquisition Stingray has acquired DMI, a U.S. leader in music branding and in- store audio advertising. This strategic move significantly enhances our retail media network and solidifies our marke
Slide 22: Stingray Business - Powering Global Business Experiences
BUSINESS - CONSUMERS - RADIO Stingray Business - Powering Global siness Experiences Stingray Business is the trusted partner for brands looking to create the perfect customer environment through curated music and digital signage Unmatched scale: 140,000+ commercial locations worldwide, trusted by le
Slide 23: Stingray Radio - Outperforming its peers in Canada
BUSINESS - CONSUMERS - RADIO i é - «& Stingray Radio - Outperforming ‘ its peers in Canada * Q83 2026, revenues have increased by 2%, EBITDA has risen by 5%, compared to last year, driven by a 30% growth in digital revenue * The Radio team is collaborating closely with the Advertising team, creating
Slide 24: Financial Results and Highlights
Financial results and highlights
Slide 25: 3rd Quarter 2026 Business and Subsequent Highlights
FINANCIAL RESULTS 3' Quarter 2026 Business and Subsequent Highlights a FEBRUARY Stingray Announces that its Shares will Trade on the Toronto Stock Exchange Under a Single Ticker “RAY” JANUARY Tuneln, a Stingray Company, Brings Extensive Audio Infotainment Offerings to Select Nissan Vehicles in the U
Slide 26: A Year of Profitable Growth & Strategic Execution
FINANCIAL RESULTS A Year of Profitable Growth & Strategic Execution Revenues Adjusted EBITDA” Net income Adjusted Net income” Cash Flow from Operations Adjusted FCF” THIRD QUARTER - 2026 FY26 FY25 VAR $124.8 M $108.2 M 415.4% $44.5 M $42.1M 45.7% BA SIM. veces Soh, ae a $34.8 M $28.6 M 215% $0.50 pe
Slide 27: Strategic Revenues Leading to Sustainable Growth
FINANCIAL RESULTS 7 Strategic Revenues Leading to Sustainable Growth a Perspective Strategic vs Cash Flow Revenues $429.8 $345.4 om ox wo% 36% $323.9 Gang 58% $282.6 $1323 Fy22 Fy23 Fy24 FY25 FY26 LTM Fy22 Fy23 Fy24 FY26 FY¥26 LTM (Covid-19) (Covid-19) Il Stategic Growth Revenues (1) li Consumers &
Slide 28: Delivering Strong & Resilient Financial Results
FINANCIAL RESULTS Delivering Strong & Resilient Financial Results Adjusted EBITDA“ and Adjusted Net Income“) $142.2 $125.9 $ttht $99.3 $72.7 $56.4 $55.2 $603 Fy22 Fy23 Fy24 Fy25 (Covid-19) 1 Adjusted EBITDA (1) Adjusted Net Income (1) $152.7 $88.0 FY26 LTM Cash Flow $118.5 $i2i4 $105.0 $100.4 S669 $
Slide 29: Net Debt and Net Debt to Pro Forma Adjusted EBITDA
TuneIn Acquisition $600.00 $502.33 3.70x $500.00 3.20x $400.00 $351.58 $327.38 $325.92 $321.13 2.70x $300.00 2.54x 2.49x 2.20x $200.00 2.28x 2.24x 2.13x 1.70x $100.00 $- 1.20x Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Net Debt Net Debt to Pro Forma Adjusted EBITDA (1)
Slide 30: Non-IFRS Financial Measures and Ratios
APPENDIX Non-IFRS Financial Measures and Ratios ‘The following tables show the reconciliation of Net income to Adjusted EBITDA, to Adjusted Net income, LTM Adjusted ‘The following table shows the reconciliation of Cash flow from operating activities to Adjusted free cash flow: EBITDA and to Pro Form
Slide 31: Unleashing the power of music
Unleashing the power of music
Stingray Group — Investor Presentation (February 2026) on 6ix