Boston Omaha Corporation · NYSE:BOC
Boston Omaha — Q2 2024 Earnings Presentation
13 slides from Boston Omaha's earnings presentation, Aug 13, 2024
Slide 1: Q2 2024 Financial Results
BOSTON OMAHA Q2 2024 Financial Results August 13, 2024
Slide 2: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
BOSTON OMAHA, ‘SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 COMPARISON OF ADJUSTED INFORMATION TO U.S. GAAP INFORMATION
Slide 3: Q2 2024 Highlights
Q2 2024 Highlights parry + Revenue growth of ~6% YoY Link Media Outdoor + Adjusted EBITDA of $4.6 millon - quarterly record / YoY growth of ~18%% + -3,800new fiber passings Boston Omaha Broadband + “1,800 new fiber subseribers + $7.9milionin capital expenditures + Gross written premium up ~76% YoY +
Slide 4: Business Unit Updates
Business Unit Updates
Slide 5: Link Media Outdoor
Link Media Outdoor a0sTON Outdoor Advertising OMAHA, Hightights Record level of revenue and EBITDA recorded in Q: Revenue $114 5.6% $22.1 .786 + Continue to focus on lowering land costs through ‘easement purchases and land lease renewals, Land cost 9” 18.0% — (0.4)% 18.5% (0.496 Gross margins 66.1%
Slide 6: Boston Omaha Broadband
Boston Omaha Broadband BOSTON OMAHA, AireBeam, InfoWest and Utah Broadband Hightights Revenue 84 10.1% S188 Gross margin % 79.0% 3.5% 79.0% and driving cost efficiencies across all three businesses. Ntincome sor $05 $00 Adjusted EBITDA **), $2.8 49.5% $5.5 Key Metrics Q2'24 Q2‘23 Copitat Expenditure
Slide 7: Boston Omaha Broadband - Fiber Fast Homes
Boston Omaha Broadband BOSTON Fiber Fast Homes - Greenfield Fiber New Homes Division a Hightights. + 1.2knew fiber passings and 0.5k new fiber subscribers. Revenue $04 171.0% = $06 183.6% during Q2'24, + Working to continue growing subscriber base white Gross margin 9% (40.09% 2.6% (75.89% (22.49% i
Slide 8: General Indemnity Group
General Indemnity Group soso Surety Insurance OMAHA, Hightights. nsed to operate in all 50 states and the District of| {Gross written premium $8.0 76.2% © $12.5 46.286 Columbia. + Agencies consolidated as of January 2024 and cata $5.8 2o2% = $108! 27.68 rebranded to BOSS Bonds in June 2024, Loss rat
Slide 9: Investments
Investments OManal GAAP Value Market Value"? Proceeds to Date) Sky Harbour O18 $1246 $25 cpar S194 va Bult for Rent Fund $100 $53 24” Steet Funds $52 $63 other"? $38 317 12, NVSE moet value of 12,440,642 share of Sky Harbour Clase Acommon tsk ond7 718,778 maranatha 9, 2008 12, Indes dnusonn andl cee
Slide 10: Cash, Tax Assets, and Share Repurchase Authorization
Cash, Tax Assets, and Share Repurchase Authorization
Slide 11: Cash, Tax Assets, and Share Repurchase Authorization
Cash, Tax Assets, and Share Repurchase Authorization As of June 30, 2024 Unrestricted cash") $12.0 US. treasury securities $136 Total $256 Not operating oss carry forwards $725 BOC share repurchase authorization $20.0 = Company, 2 Steet Funds and Bl BOSTON OMAHA,
Slide 12: Appendix
Appendix
Slide 13: Non-GAAP Information
Non-GAAP Information ($M) BOSTON OMAHA,