Siriusxm Holdings Inc. · NASDAQ:SIRI
Siriusxm — Investor Day (2023)
28 slides from Siriusxm's investor day presentation, 2023
Slide 1: 2023 Liberty Media Investor Day
SirlusXM 2023 Liberty Media Investor Day
Slide 2: Forward Looking Statement
Forward Looking Statement This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations
Slide 3: Slide 3
Slide 4: Teenage Fever
Teenage Fever Wat's Wrong (feat. Zacari & Kendrick Lamar) GB isoiah f scar Neighbors Clouded GB Bront Weekend (feat. Miguel) B Mac Miller, Mig In My Room G Frank Jorja Interlude Bi Deke Let Go B Aarc Kevin's Heart Father Stretch My Hands Pt. 1 “ pand ~ AMIUSIC. <=: ail giffgatt >
Slide 5: Howard Stern Interviews Harry Styles
Howard Stern Interviews Harry Styles Radio As Its - Harry Styles Billie Eilish: Full Interview Q o M
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Slide 8: Core Audience
Core Audience Mie Gen X and Above Sa ' . Nee ae 25%
Slide 9: Growth Audience
Growth Audience Younger to Millennials
Slide 10: Total Audio Spend
Total Audio Spend Core + Growth Audiences Represent 50% of Adult Population but 84% of Audio Spend
Slide 11: SiriusXM Top Strengths and Pain Points to Address
SiriusXM Top Strengths and Pain Points to Address Top Strengths to Lean into (% of SiriusXM users by segment that selected as important) Core Growth Seamlessly works in my car Offers uninterrupted ad-free listening Offers a wide variety of excellent content 6 6 86 6 6 6 Source: Lippincott Segmentati
Slide 12: Core Attributes
Core Attributes: « Newly redesigned, easy to use, modernized client applications December 14 « Improved search and discovery « Improved sports and talk experiences $9.99 = New commerce and identity platforms « Martech enablement through implementation of Salesforce
Slide 13: Always-On
Always-On Personalization Kane Brown -1Can Feat BB Homers stern Your morning picks Greater Content Discovery Billie Eilish ® Channels that play Billie oS TikTok ° ° Ccharie Puth Meghan Trainor Attention Made You Look Revamped Playback BPM Workout ‘Turn Back Time - Diplo & Sonny Fodera Enhanced Searc
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Slide 17: SiriusXM enabled vehicles on the road
SiriusXM enabled vehicles on the road 150M+ 0O%+ of new vehicles 5%+ of pre-owned vehicles currently sold Q3 2023 Edison in-car share of ear 9% 14% gave si Podcasts [ll Other
Slide 18: 360L Growing in New SiriusXM Vehicles
360L Growing in New SiriusXM Vehicles 33% 27% © eB 21% gone @ = <2 = ®spucatt 2% a Ss) i — + s — 2022 20236
Slide 19: Distribution partners
alexa _ C4 iy OSE xfinty —, G S @ CNBA @mesret Roku Mobile VIZIO Walmart >!< xuNOo
Slide 20: This Life of Mine with James Corden
This Life Cordon of Mine... with James
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Slide 22: Artist roster
a | Alice Cooper ae) COT, Olivia Rodrigo \ i Selena Gomez Demi Lovato Sam Smith Jelly Roll Kane Brown Cardi B Nicky Jam David Guetta Kygo Mumford & Sons Ed Sheeran Dan + Shay Kelsea Ballerini Calvin Harris Metallica Tim McGraw Jung Kook Méfeat
Slide 23: SiriusXM
SirlusXM SiriusXM * 34 million subscribers * ~1.6% self-pay monthly churn * 15-year high customer satisfaction rate Pandora and Off-Platform * 47 million MAUs and over 10 billion ad-supported listening hours in the last year = SXM Media reaches 150 million monthly total listeners « More podcasts in
Slide 24: Financial figures trailing twelve months
*The financial figures presented in this slide reflect the trailing twelve months (TTM) ending September, 30, 2023.
Slide 25: Free Cash Flow
Free Cash Flow SiriusXM Cash Generation Set to Rebound Hl 4G). EBITDA I Satellite CapEx $2.77B $2.83B $2.75B — sis 2019 2020 2021 2022 2023E 2024E 2025E 2026E 2027E 2028E eT | = ~ ~$6im ~$39M 7 ~$45M $2m ~$87M ~$119M ~$95M Ll ~$280-300M —-$300m
Slide 26: SiriusXM's Balance Sheet is Well-Positioned and Flexible
SiriusXM’s Balance Sheet is Well-Positioned and Flexible « No significant bond maturities until 2026 « Year-end 2023 total liquidity, including cash and undrawn revolver capacity, expected to be ~$2 billion Hi Leverage Ratio: TTM Adj. EBITDA to Net Debt
Slide 27: Return of Capital: Growing Dividend and Opportunistic Buyback Program
Return of Capital: Growing Dividend and Opportunistic Buyback Program $0.1064 Annual Dividend 2.2% Estimated Yield 0, November 2023 increase 10% to Quarterly Dividend 15% Annualized Growth Rate () Since Inception in 2016 $2.38B $1.98B $1.81B $1.78B $657M Ce Share Repurchases HB Recurring Dividends B
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