Angel Studios, Inc. · NYSE:ANGX
Angel Studios — SPAC Merger (September 2024)
47 slides from Angel Studios's SPAC merger presentation, Sep 11, 2024
Slide 1: Investor Presentation September 2024
Investor Presentation 11 September 2024
Slide 2: Steve Jobs storyteller quote
“The most powerful person in the world is the storyteller. The storyteller sets the vision, values and agenda of an entire generation that is to come.” STEVE JOBS
Slide 3: Disclaimer
Disclaimer This presentation (the “presentation”) is being provided on a strictly confidential and non - reliance basis for informational pur poses only. It shall not constitute (i) a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Merger (as def
Slide 4: Forward-Looking Statements
FORWARD - LOOKING STATEMENTS This presentation may contain certain forward - looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Angel Studios and Southport. These forward - looking statements generally are identified by the words “be
Slide 5: Section I: Company Overview
SECTION I COMPANY O VE R VIEW In Theaters November 22, 2024
Slide 6: Mission: building a home for Guild Members
True Honest Noble Just We’re building a home for YOU — our Guild Members — to let filmmakers know which stories resonate, so you can positively impact the culture for future generations. Authentic Lovely A dmi r able Excellent Amplify “Light” YOU help us choose which stories are: MI S SION
Slide 7: Join over 375,000 visionaries
Join over 375,000 visionaries choosing and funding entertainment that amplifies light.
Slide 8: Key Highlights
“Angel Studios, the game - changing distribution company” Oct 31, 2023 Key Highlights ~$300M Global Box Office for 2023 1M MAUs on the Angel App 9B+ Views (All - time) 375K+ Angel Guild Members ~45M Lifetime App Installs (Mobile + TV) 100+ Global Distribution Partners
Slide 9: Market Opportunity
Global Box Office $34.5 billion (2023) Global TV & Streaming $700 billion (2023) Source: https://variety.com/2023/film/news/barbie - oppenheimer - global - box - office - recovery - 1235717398/ Source: https://variety.com/2023/global/global/omdia - mipcom - 2023 - global - tv - stats - 1235764534/ R
Slide 10: Audiences Crave Stories that Resonate
▪ 4 out of every 5 theatrical releases fail at the box office* Ȼ For every hit TV show, there are more than 100 misses** Ȼ Hollywood is selling conflict, power, and war, but global audiences want more faith, inspiration, and morality*** Audiences Crave Stories that Resonate The problem is studio exe
Slide 11: What Viewers Really Want
▪ More Inspiration Less Conflict ▪ More Faith & Religion Less Power ▪ More Morality Less War What Viewers Really Want Angel seeks to align with desired themes in film / TV. Themes Most Present Themes Most Desired 01. Family 01. Friendship 02. Friendship 02. Nature 03. Conflict 03. Family 04. Power 0
Slide 12: Angel's Solution: The Guild
Angel Guild members — rather than Hollywood executives — select winning films and shows prior to release, while also providing the core revenue stream that is recurring and growing. Anyone can join the Guild. Angel’s Solution: THE GUILD Our solution to Hollywood gatekeepers is to give audiences gree
Slide 13: The Guild Predicts the Winners
The Guild Predicts the Winners Average Rotten Tomatoes Popcornmeter for wide releases by Studio for 2023/2024
Slide 14: The Guild Selects the Slate
The Guild Selects the Slate All future releases were hand - selected by the Angel Guild, which has a strong track record. * Most of the release dates above are tenative and could change based on production schedules, marketing plans, and other factors.
Slide 15: Theatrical Launches
Theatrical Launches Premium Angel Guild members receive complimentary tickets to every release, helping fill theater seats earlier than the competition.
Slide 16: The Guild is Accelerating Revenue Performance
Valuation of $2B** 45% 217/483 films Valuation of $3.5B* 23/127 films The Guild is Accelerating Revenue Performance Historical film releases grossing $10M+ in theaters: 18% 86% 6/7 films Sources: IMDB.com, RottenTomatoes.com, and the - numbers.com ** Yahoo! Finance as of September 9, 2024 * https://
Slide 17: The Guild Revenue is Recurring and Growing
The Guild Revenue is Recurring and Growing Disclaimer: Angel actively started marketing Guild memberships in October 2023. Total Guild membership is more than 375k including paying and investor members. Active Paying Members Monthly and annual Guild memberships provide recurring and growing revenue.
Slide 18: The Guild Technology is Proprietary
The Guild Technology is Proprietary An innovative platform with 2 patents and 17 pending patents built from the ground up provides easy app access and a Pay it Forward option for engaged audiences. (1) As of June 2024.
Slide 19: Section II: Financial Overview
SECTION II FINANCIAL O VE R VIEW In Theaters December 20, 2024
Slide 20: Scaling Angel Guild Member Growth
Scaling Angel Guild Member Growth * Non - Paying Paying 2023 paying and non - paying members was 96k/122k respectively. Current paying and non - paying members is 222k/153k respectively. Next Year Member Growth assumes continued monthly member growth based on current growth trajectories Angel Studio
Slide 21: Diversified Revenue Streams
Diversified Revenue Streams The Angel Guild’s enhanced ability to identify winning film and TV shows opens up opportunities for multiple revenue streams. ▪ Membership based service providing users with benefits including early access and voting rights on future content ▪ Premium members receive comp
Slide 22: Bitcoin Strategy: Empower the Guild for Generations
Bitcoin Strategy: Seeking to Empower the Guild for Generations Angel’s treasury strategy is a for - profit “endowment for the arts” based on the Bitcoin standard that seeks to build a financial foundation to fund the world’s best filmmakers to produce stories that amplify light for generations to co
Slide 23: Bitcoin Strategy - MicroStrategy Case Study
Bitcoin Strategy - MicroStrategy Case Study MicroStrategy (MSTR) adopted the Bitcoin standard on August 10, 2020, acquiring and holding Bitcoin for their treasury. Over the past four years, MicroStrategy has grown faster than Nvidia. On a time horizon of <4 years, bitcoin makes MSTR volatile, but on
Slide 24: Bitcoin Strategy - Rewarding Those Who Hold
Bitcoin Strategy - Rewarding Those Who Hold Historically, Bitcoin has risen in value against the dollar. Angel Studios plans to continue to acquire and hold Bitcoin as a strategic treasury asset. Four year time horizon Four year time horizon
Slide 25: Buying and Holding Angel Long-Term Means
• Giving the green - light power to the Guild • Continuing financial performance of audience - first film and TV choices • Funding filmmakers who serve the audience first • Shaping the future of the entertainment industry • Supporting Angel’s mission to tell stories that amplify light • Indirectly o
Slide 26: Section III: What's Next?
November 2025 SECTION III WH A T ’ S NEXT? In Theaters November 2025
Slide 27: Transaction Summary
Transaction Summary Illustrative Pro Forma Equity Ownership Sources & Uses At Close Illustrative Pro Forma Enterprise Value Transaction Overview • Southport Acquisition Corporation (OTC: “PORT”) to combine with Angel Studios, Inc. • Angel Studios existing shareholders and management will roll 100% o
Slide 28: Management Team
Management Team Experienced leadership team across entertainment and technology poised for continued growth • Co - Founder of Angel Studios, Orabrush, Harmon Brothers • Holds a BA and MS from Brigham Young University Neal Harmon Chief Executive Officer Angel Studios • Over 15 years of financial lead
Slide 29: Join the movement
Join the movement to build and empower millions of Guild members for generations to come.
Slide 30: A Diverse Investor Community
VALUES AUDIENCE According to an Angel study conducted by NRG Group, the values audience is 37% of the US entertainment population. Over 100k people have already invested in Angel or Angel distributed projects. 52M values audience in USA. TECHNOLOGY INVESTORS Angel’s proprietary tech and app distribu
Slide 31: Thank you for joining us
Whether as an investor, customer, or team member, thank you for joining us! Investor Relations investment@angel.com
Slide 32: Section IV: Appendix
SECTION IV APPENDIX
Slide 33: Company history: VidAngel to Angel Studios
VidAngel faced a lawsuit from major Hollywood studios, including Disney, for copyright violations, leading to a lengthy legal battle. In 28 hours, VidAngel raised $5 million for operations and lawsuit costs through a Regulation A+ securities offering, showing the Company’s strong community support V
Slide 34: Hollywood Production Budgets are Rising
Hollywood Production Budgets are Rising Includes all live - action fictional feature films released in North America on home entertainment by a distributor who typically represented theatrically distributed films outside of the pandemic, and for which a budget figure is available. Budgets in non - U
Slide 35: Angel's waterfall is better than Hollywood
Angel’s waterfall is better than Hollywood. The model aligns incentives for investors, filmmakers, and Angel, while holding down production costs and increasing upside. Angel Waterfall Alignment
Slide 36: Traditional vs Popular vs Angel
Traditional Popular Angel 25% Marketing No Angel margin POPULAR Keeps all upside 20% of Production Costs Paid to Creators Production Costs (are escalating) Not Aligned Distribution Expenses No Angel mai 66.6% 33.3% Creators Tro) Aligned and Investors Studios 50% Marketing Cost (Black Box) bution Cos
Slide 37: Studios, Membership & Curation
STUDIOS MEMBERSHIP & CURATION
Slide 38: Join the Movement: membership plans
Join the Movement Changing Entertainment 329,446 members are making an impact. Select membership plans. Premium y @ Help fund Angel Originals, speeding up new content releases. Monthly © Vote on pilots, concepts, and feature films to decide what we make next @ Join exclusive livestreams including LI
Slide 39: Our Competitive Differentiation
Our Competitive Differentiation The Angel Guild green - lights shows at Angel (not executives)
Slide 40: The Shift
INFINITE WORLDS. ENDLESS CHOICES. ONE WAY OUT. DECEMBER 1 ANGEL angel.com/theshift
Slide 41: Dry Bar Comedy
IDRYBAR COMEDY i L ==
Slide 42: J I M CAVIEZEL A FILM BY A L E J A N D
J I M CAVIEZEL A FILM BY A L E J A N D R O M O N T E V E R D E
Slide 43: TH E WORL D IS TOO SMALL FOR WHAT I INTEND TO DO
TH E WORL D IS TOO SMALL FOR WHAT I INTEND TO DO
Slide 44: Sight
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Slide 45: Hope
“ANGEL ~~ STUDIOS angel.com/hope PEACETREE PRODUCTIONS
Slide 46: Box Office Tech
STUDIOS BOX OFFICE TECH
Slide 47: Angel's Marketing and Technology Combination
Scaling Zone (2 weeks) Opening night Harvest Tracked Sales • Direct - to - Audience relationships • Marketing budgets are used primarily to drive pre - sales of tickets • Digital tracking and attribution • Seamless ticket sales, payments, showtime and seat selection on Angel platform Differentiated