Tnl Mediagene · NASDAQ:TNMG
Tnl Mediagene — Investor Presentation (September 2025)
19 slides from Tnl Mediagene's investor presentation, Sep 24, 2025
Slide 1: Asia's Next-Generation Media and Data Analytics Company
Asia's Next-Generation Media and Data Analytics Company Digital Asset Treasury Strategy September 2025 Copyright © 2025 TNL Mediagene 1
Slide 2: Disclaimer
Disclaimer Disclaimer This presentation (this “Presentation”) is for information purposes only. By accepting, reviewing or reading this Presentation, you will be deemed to have agreed to the obligations and restrictions set out below. No Offer or Solicitation This Presentation does not constitute an
Slide 3: Non-IFRS Financial Measures
Non-IFRS Financial Measures This Presentation includes adjusted EBITDA and adjusted EPS, financial measures not presented in accordance with the International Financial Reporting Standards. These non-IFRS financial measures are not measures of financial performance in accordance with IFRS and may ex
Slide 4: Our Leadership
Our Leadership Joey Chung Motoko Imada Co-Founder & CEO Co-Founder & President 4 Copyright © 2025 TNL Mediagene
Slide 5: Asia's next-generation media and data analytics company
Asia’s next-generation media and data analytics company ▪ TNL Mediagene is Asia’s next- Audience Profile: generation media and data analytics company, offering a Gender comprehensive media and data platform for news, 47% 53% business, technology, lifestyle and sports Female Male ▪ Products span digi
Slide 6: High-quality OpCo with significant operating & financial scale
High-quality OpCo with significant operating & financial scale Strong revenue growth, margin expansion & Significant operating history & scale near-breakeven EBITDA $48.5m +35.3% 12 Years 26 Years TNL operating history Mediagene operating history $35.8m 26 500 Content brands Employees +79.1% 36.6%3
Slide 7: Large audience reach & prestigious customer base
Large audience reach & prestigious customer base We operate 26 media brands across five 850+ clients trust us with their advertising categories spend1 Business News & Business Insider Business Insider The News Lens Japan Taiwan Business Yee Media B2B Digiday Japan Mashing Up Becoming Aces Modern Ret
Slide 8: Barriers to Entry – Our "Strategic Moats"
Shifting media landscape creates winners & losers We have benefited disproportionately from the shift to first-party & zero-party data 26 owned & licensed media properties ▪ Shifting tectonics in the Barriers to Entry – Our “Strategic Moats” media industry have Valuable first-party & zero-party data
Slide 9: M&A roll-up & optimization strategy is proven & accretive
M&A roll-up & optimization strategy is proven & accretive We have integrated 10 acquisitions since 2018 and operate an active target sourcing pipeline 2019 2021 2023 2018 2020 2022 2024 Our M&A Model: ▪ Large equity consideration % minimizes cash outlay ▪ Optimize cost structure with our proven cost
Slide 10: Our digital asset treasury strategy
Our digital asset treasury strategy Building on strength: treasury holdings in BTC, ETH and SOL only ▪ Recognized globally as a digital ▪ Underpins the leading smart- ▪ Cutting-edge high performance, store of value contract platform and dAPP scalable blockchain ecosystem ▪ Fixed supply of 21 million
Slide 11: International digital asset advisory group
International digital asset advisory group Deep crypto, web3, technology investing & operating expertise supports management Naoko Okumoto Zoé Gadsden Hiroto Kobayashi Richard Lee Fox Hsiao Advisor / Director Advisor Advisor / CCO Japan Advisor / CTO Advisor / Head of Crypto Founder and Board Adviso
Slide 12: Strong infrastructure partners & prudent risk management
Strong infrastructure partners & prudent risk management We are engaging with leading institutional custodians and asset managers to ensure best- in-class security, governance and compliance ▪ Enterprise-grade custody Secure Custody & Infrastructure ▪ Industry standard digital asset treasury infrast
Slide 13: Our mission: superior flywheel
Our mission: superior flywheel Our strategy leverages the strengths and scope of our growing underlying business and M&A roll-up strategy, while integrating innovative capital allocation and appreciation Standard Treasury Flywheel Superior Treasury Flywheel Issue Equity Issue Equity mNAV Buy Digital
Slide 14: Next generation capital allocation + fundamental business performance
Next generation capital allocation + fundamental business performance We will continue to prioritize the performance of EBITDA and operational-based metrics, while also considering how digital assets can contribute to broader measures of shareholder value EBITDA & Digital Assets mNAV EBITDA Margin P
Slide 15: Media reach gives multitude of crypto-based use cases
Media reach gives multitude of crypto-based use cases Our 25 media properties, 45 million+ monthly unique users, 189 million+ monthly digital footprints provide excellent exposure to launch and market digital asset media, new digital asset-based products and advertising solutions Incubation and Dist
Slide 16: First mover in Japan with potential tailwinds for DAT strategies
First mover in Japan with potential tailwinds for DAT strategies Structural factors could support retail adoption of DAT stocks over direct crypto investment ▪ Over the past several years, Japan's crypto market has developed into one of the more robust and regulated markets globally ▪ Japan plans to
Slide 17: Appendix
Appendix Copyright © 2025 TNL Mediagene
Slide 18: Use of Non-IFRS Financial Measures
Use of Non-IFRS Financial Measures In this Presentation we have included adjusted EBITDA, a non-IFRS financial measure, and adjusted EPS, a non-IFRS measure, which are key measures used by our management and board of directors in evaluating our operating performance. Adjusted EBITDA and adjusted EPS
Slide 19: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation For the year ended December 31, ($ in dollars, unless otherwise stated) 2022 2023 2024 Loss for the year (11.4) (1.2) (85.0) Add (less) : Income tax (benefit) expense (0.2) (0.6) (0.3) Finance costs 0.1 0.3 8.2 1 Other gains and losses 8.2 (5.5) 0.9 Other income (0.1)
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