Stingray Group, Inc. · TSX:RAY
Stingray — Q4 2025 Earnings Presentation
24 slides from Stingray's earnings presentation, June 2025
Slide 1: Investor Presentation Fourth Quarter 2025 Results
Investor Presentation Fourth Quarter 2025 Results June 2025
Slide 2: 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 p presentation to any other person. Unless indicated otherwise, al
Slide 3: Music Everywhere, All Day, Every Day
BUSINESS - CONSUMERS - RADIO Music Everywhere, All Day, Every Day a Athome 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
Slide 4: Who We Are
WHO WE ARE i Integrated Business Ecosystem Powered by Music a Our vision is to deliver the best curated audio and video experiences for consumers and businesses globally 1,000 employees globally HB ONE integrated tech infrastructure Over 500 licensing relationships Classic Amadhe that power our 3 co
Slide 5: Orchestrating customer engagement through high value B2B partnerships
BUSINESS - CONSUMERS - RADIO 0 ny) Orchestrating customer engagement through high value B2B partnerships Retail Media (Retailers) Walmart >| ‘go © ea O pluto@ cH LG Channels fornliprtx & “on (Pfizer novavax' Dove =| betonid CVSphamacy’ mjveancout EON | | VIZIO XUMO Roku Uloblaws metro Sobeyrd> Comme
Slide 6: Investment Highlights
WHO ARE WE we Investment Highlights a C1) Fast-growing business segments fueling organic growth Retail media (Stingray Advertising), streaming services and connected cars Expert in global music distribution & rights management More than 540 million subscribers through multiple platforms, 97 radio li
Slide 7: Market and divisional updates
Market and divisional updates
Slide 8: Stingray Business - Building robust momentum for growth
BUSINESS - CONSUMERS - RADIO Stingray Business - Building robust momentum for growth * Stingray Business powers commercial experiences for over 140K locations worldwide * In Q3 2024, we secured Stingray Business’ largest-ever agreement (5 years) with Bank of Montreal (1,900 locations across North Am
Slide 9: Stingray Advertising - A solution for the retail media fast-growing category
Stingray Advertising - A solution for the retail media fast-growing category BUSINESS - CONSUMERS - RADIO 0 eg Stingray Advertising has evolved from nascent to dominant with over 30,000 accessible locations in the aggregate (within the total addressable market of 300,000 locations in Canada and the
Slide 10: Stingray Advertising - North America's largest audio advertising network
BUSINESS - CONSUMERS - RADIO 0 i Stingray Advertising - North America’s largest a audio advertising network 4\avertsons WYyVee Food #iLION we Kroger giant eagle Balhaize RITE SENS. AID Tuondrons over 30K we Waimart3!< GLoblaws retail locations Giant metro” & JeanCoutu§ = 5 Brunet 925M + gPNeighbourl
Slide 11: Consumers - Digital fueling organic growth
BUSINESS - CONSUMERS - RADIO Consumers - Digital fueling organic growth * Pivoted product offerings to become the leading music distributor in audio and video channels through : * FAST channels * Connected cars ° SVODs & Apps and more * The transformation and expansion of Stingray’s Broadcast and St
Slide 12: FAST (Connected TV) - New global partnerships to accelerate growth
BUSINESS - CONSUMERS - RADIO FAST (Connected TV) - New global partnerships to accelerate growth ° Advertising revenue from Connected TV in the United States is projected to surpass 40 billion U.S. dollars by the year 20270) ° Penetrated the connected TV market by distributing channels over Free, Ad-
Slide 13: FAST (Connected TV) - New global partnerships to accelerate growth
BUSINESS - CONSUMERS - RADIO FAST (Connected TV) - New global partnerships to accelerate growth FAST business has experienced an exceptional surge in growth, demonstrating significant and sustainable potential with an 85% YoY growth in streaming hours Continued aggressive distribution expansion with
Slide 14: SVOD & Apps - Expanding audience in streaming with strategic partnerships
BUSINESS - CONSUMERS - RADIO we SVOD & Apps - Expanding audience in streaming a with strategic partnerships Up 8.5% vs QUF24 ° Leveraging global relationships with Amazon, Singing Machine and CLIQDigital through new markets and new product launches * Continue to grow in the SVOD space by buying or l
Slide 15: Stingray Karaoke in cars globally
BUSINESS - CONSUMERS - RADIO Stingray Karaoke, with its massive , is becoming an increasingly popular default value-added service in cars globally, a sector experiencing tremendous growth: Launch of 5 video channels on the ScreenHits TV in-car entertainment platform, available in Renaud Grand Koleos
Slide 16: SVOD & Apps - Expanding audience in streaming with strategic partnerships
BUSINESS - CONSUMERS - RADIO SVOD & Apps - Expanding audience in streaming with strategic partnerships * Tapping into a market that is expected to grow 65% to 1.5B subscriptions by 2026 ° Focused attention on profitable SVOD products and B2B2C distribution (in lieu of Apps, B2C) * Favor partnership
Slide 17: Stingray Radio - Outperforming its peers in Canada
BUSINESS - CONSUMERS - RADIO | - e Stingray Radio - Outperforming its peers in Canada * Performing better than its Canadian peers, capturing share in local markets through our direct sales force * For Q4&-2025: Revenues have increased by 3.9%, EBITDA has risen by 4.6%, compared to previous year, dri
Slide 18: Financial results and highlights
Financial results and highlights
Slide 19: 4th quarter 2025 business and subsequent highlights
4th quarter 2025 business and subsequent highlights FINANCIAL RESULTS 7 APRIL Stingray and Zoox Partner to Offer a New Music Experience in Autonomous Vehicles MARCH Stingray Launches Qello Concerts, Stingray Classica and Movie Music on waipu.tv in Germany FEBRUARY Stingray Expands FAST Portfolio wit
Slide 20: Financial Results
FINANCIAL RESULTS Financial results Revenues Adjusted EBITDA” Net income (Loss) Adjusted Net income” Cash Flow from Operations Adjusted FCF” Fy25 $96.0 M $35.0M $7.7M $0.11 per share $18.6 M $0.27 per share $39.7 M $0.58 per share $18.4 M FOURTH QUARTER - 2025 FY24 VAR $83.7M 14.8% $29.4M 419.0% ($4
Slide 21: Strategic revenues leading to sustainable growth perspective
FINANCIAL RESULTS 7 Strategic revenues leading to sustainable growth a perspective Strategic vs Cash Flow Revenues $386.9 $345.4 49% 45% hea $323.9 1% 58% $282.6 $132.3 $247.9 $129.4 $128.7 $123.5 $97.8 Fy2t FY22 Fy23 Fy24 FY26 Fy2t Fy22 FY23 Fy2le FY25 (Covid-19) (Covid-19) (Covid-19) (Covid-19) ™
Slide 22: Business model leading to high margins & high cash generation
FINANCIAL RESULTS Business model leading to high margins & a high cash generation Adjusted EBITDA" and Adjusted Net Income” Cash Flow $142.2 $125.9 $118.5 $14.3 Sth $104.2 $105.0 $99.3 $86.9 cous $83.7 $80.8 $83.6 $72.7 - $63.7 $62.9 $56.9 $56.4 $55.2 S608 Fy21 Fy22 Fy23 Fy24 FY25 Fy21 Fy22 Fy23 FY2
Slide 23: Financial discipline and strategic capital allocation to drive shareholder value
FINANCIAL RESULTS Financial discipline and strategic capital allocation to drive shareholder value ce 1. Debt reduction 2. Return to shareholders 3. Acquisitions Net leverage target: Annual dividends of $0.30 Opportunistic M&A to 2.0-2.5x enhance positioning for Disciplined share buybacks strategic
Slide 24: Stingray - Unleashing the power of music
\ g STINGRAY Unleashing the power of music