Slide 1: Fiscal Fourth Quarter 2025 Results Call
Fiscal Fourth Quarter 2025 Results Call June 25, 2025 NASDAQ: DAKT VIDEO BOARDS & MESSAGE CENTERS INDOOR HIGH RESOLUTION CONTROL SYSTEMS DYNAMIC MESSAGE SIGNS DIGITAL BILLBOARDS Technical & Professional Services Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-Looking Statements: In addition to statements of historical fact, this presentation contains forward-looking statements within the meaning of the federal securities laws and is intended to receive the protections of such laws. All statements, other than historical facts
Slide 3: FY 2025 Business Review
FY 2025 BUSINESS REVIEW Solid finish to a transformational year Replenished backlog: Q4 Orders +29% from Q3 and 17% YoY – broad based Business and Digital Transformation in place – on track and driving results More than doubled Q4 operating cash flow YoY
Slide 4: Orders by business unit: Live Events, Commercial, Transportation, International
Live Events Won major projects at U of Illinois, Charles Schwab Field, Miami Freedom Park, University of Nebraska football and Cincinnati Convention Center FY Orders -12% YoY / Q4 -11% YoY Good Y/Q after record FY24 Commercial Commercial segments all saw strong demand and success in order wins On Pr
Slide 5: FY 2025 Q4 key product releases
FY 2025 Q4 key product releases New Product Offerings Next generation Digital Billboard Next generation Outdoor Configurable Video Control Capabilities Live Switch - Video switching and replay launched into HSPR market Venus Live launched for Live Event Venues Show Control next generation – new data
Slide 6: Transformation: Momentum from Launched Initiatives, Next 6 Months Focus
Operational efficiency reviews & implementation of changes across all manufacturing sites (kicked off with HSPR cost-reduction initiatives) - on track Align operations with anticipated evolution in underlying technologies - on track Leveraging purchasing power on input costs Ö Reduced product comple
Slide 7: FY26 Year Plan
FY26 – 28 3 YEAR PLAN CREATE DEMAND DATA & ARTIFICIAL INTELLIGENCE CORPORATE PERFORMANCE MANAGMENT FULFILLMENT & SUPPORT Quoting Platform Modernization Order Capture Streamlining Project Management Platform Service Platform Enhancements Customer Asset Management Subscription Management Enablement Fu
Slide 8: Non-recurring expenses and valuation adjustments
Non-recurring expenses and valuation adjustments $ Thousands FQ4 2025 FY 2025 Non-Recurring Expenses Business/digital Transformation(1) $ 1,031 $ 7,085 Corporate Governance(1) 3,881 6,825 Management Transition(1) 2,614 2,614 Total $ 7,526 $ 16,524 Valuation Adjustments Change in FV of Convertible No
Slide 9: Operating Income Results
OPERATING INCOME RESULTS $ Thousands except % data FQ4 2025 FY 2025 Operating income (reported) $(1,740) $33,118 Adjustments 7,526 16,524 Operating Income (adjusted)(1) $5,786 $49,642 Operating margin (reported) (1.0)% 4.4% Adjustments 4.4% 2.2% Operating margin (adjusted) 3.4% 6.6% (1) Adjusted Ope
Slide 10: Revenue Tailwind Heading into FY 2026
REVENUE TAILWIND HEADING INTO FY 2026 FY25 FY24 FY23 FY22 FY21 Q4 Q3 Q2 Q1 Q4 FY25 FY24 FY23 FY22 FY21 FY24 ---- FY 2025 ---- Q4 Q3 Q2 Q1 Q4 FY24 ---- FY 2025 ---- Net Sales Quarterly Annual
Slide 11: Balance Sheet Strength and Capital Allocation
Balance Sheet Strength and Capital Allocation Inventory efficiency - $32M or > 23% reduction YoY Conversion of the 9% interest rate subordinated debt to equity Asset valuation marks and allowance for credit losses Cash balance at YE = $128 million vs $82 million at prior YE FY2025 CapEx = $19 millio
Slide 12: Tariff Impacts
TARIFF IMPACTS Ultimate cost is currently indeterminable Rates not set and keep changing Unclear whether imports of both finished products and inputs will ultimately be subject to tariffs Exceptions, correct import codes, applicability still up in air Competitor reaction not known or uniform Facts a
Slide 13: FY26-28 Transformation Plan
FY26-28 TRANSFORMATION PLAN Revenue Growth > Addressable Market: 7-10% CAGR Value-based selling Revenue mix diversification New products Top quartile ROIC = 17-20% Operating Margins + Growth + Capital Allocation Timing: Preponderance of benefits expected in 2HFY2026 and FY2027 Higher Operating Margi
Slide 14: Tough Environment but On Track and Staying Flexible
TOUGH ENVIRONMENT BUT ON TRACK AND STAYING FLEXIBLE Many levers to pull – making “no regrets” adjustments Selective price adjustments, escalation clauses in contracts, in keeping with value-based positioning Supply chain flexibility on many components Global manufacturing footprint – affords flexibi
Slide 15: Appendix
appendix University of Connecticut, East Hartford, CT
Slide 16: Net Sales and orders by business unit
Net Sales and orders by business unit ($ in thousands) (1) Orders and backlog metrics are non-GAAP measures, and our methodology for determining orders and backlog may vary from the methodology used by other companies in determining their orders and backlog amounts. For more information related to b
Slide 17: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow (1) (1) In evaluating its business, Daktronics considers and uses free cash flow as a key measure of its operating performance. The term free cash flow is not defined under accounting principles generally accepted in the United States of America ("GAAP") and is not a
Slide 18: Reconciliation of adjusted Operating income
Reconciliation of adjusted Operating income (1) ($ in thousands, unaudited) (1) In evaluating its business, Daktronics considers and uses adjusted operating income as a key measure of its operating performance. The term adjusted operating income is not defined under GAAP and is not a measure of oper
Slide 19: Reconciliation of adjusted net income
Reconciliation of adjusted net income (1) ($ in thousands, unaudited) (1) Adjusted net income, using 26% tax rate. We disclose adjusted net income as a non-GAAP financial measurement in order to report our results exclusive of items that are non-recurring or not core to our operating business. We be
Slide 20: Reconciliation of Long-term debt
Reconciliation of Long-term debt ($ in thousands, unaudited)
Slide 21: Fiscal Fourth Quarter 2025 Results Call
Fiscal Fourth Quarter 2025 Results Call June 25, 2025 NASDAQ: DAKT VIDEO BOARDS & MESSAGE CENTERS INDOOR HIGH RESOLUTION CONTROL SYSTEMS DYNAMIC MESSAGE SIGNS DIGITAL BILLBOARDS Technical & Professional Services