Jakks Pacific, Inc. · NASDAQ:JAKK
Jakks Pacific — Q1 2025 Earnings Presentation
20 slides from Jakks Pacific's earnings presentation, Apr 29, 2025
Slide 1: First Quarter 2025 Earnings Presentation
First Quarter 2025 Earnings Presentation April 29, 2025 5:00 PM Eastern / 2:00 PM Pacific Registration: 1Q25 Registration link Webcast: 1Q25 Webcast link
Slide 2: Executive Team on the Call
~ Gakks) EXECUTIVE TEAM ON THE CALL STEPHEN BERMAN Chairman & Chief Executive Officer JOHN KIMBLE Executive Vice President & Chief Financial Officer
Slide 3: Safe Harbor Statement
~ Gakks) SAFE HARBOR STATEMENT The Company would like to point out that any comments made about JAKKS Pacific's future performance, events or circumstances, including the estimates of sales and/or Adjusted EBITDA in 2025, as well as any other forward-looking statements concerning 2025 and beyond are
Slide 4: Q1 Net sales were $113.3 million, a year-over-year increase of 26%
a * Q1 Net sales were $113.3 million, a year-over-year increase of 26% * Q4 Gross margin of 34.4%, up from 23.4% vs. Q1 2024 * — Gross profit of $39.0 million, up $17.9 million compared to $21.1 million in Q1 2024 * Operating loss of $3.8 million, compared to an operating loss of $21.3 million in Q1
Slide 5: 2025 First Quarter Net Sales
~ Jakks) 2025 First Quarter Net Sales S$ Millions $150 $100 $50 $o YoY % Change: $120.9 2022 $107.5 ul 2023 2024 $113.3 2025 44% (11)% (16)% 26%
Slide 6: 2025 First Quarter Toys/Consumer Products Net Sales
~ Jakks) 2025 First Quarter Toys/Consumer Products Net Sales $ Millions $150 am $107.4 al T ; 2025 2021 2024 YoY % Change: 39% (12)% (15)% 30% x
Slide 7: 2025 First Quarter Toys/Consumer Products Net Sales
~ Gakks) 2025 First Quarter Toys/Consumer Products Net Sales S$ Millions NA TOY/CP INTL TOY/CP $150 $30 $100 $92.5 $39.3 $20 $18.6 $20.0 $18.1 $779 $67.6 $68.6 $14.3 $12.3 : , i | : Lo | $0 $0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 37% (16) (12)% 30% 52% 7% (28)% 26% YoY % Change YoY % Ch
Slide 8: 2025 First Quarter Costumes Net Sales
~ Jakks 2025 First Quarter Costumes Net Sales S$ Millions $15 $10 $o | 2021 2022 2023 YoY % Change: 146% (2)% (25)% (19)% x
Slide 9: 2025 First Quarter Gross Margin %
~ Jakks 2025 First Quarter Gross Margin % 40.0% 35.0% 34.4% 31.1% 30.0% 29.2% 25.0% 24.7% a 7 20.0% |] 2021 2022 2023 2024 2025 YoY % Change: (640) bps 450 bps (580) bps 1,100 bps x
Slide 10: 2025 First Quarter Adj. EBITDA and Adj. Net Income
~ Gakks 2025 First Quarter Adj. EBITDA and Adj. Net Income $§ Millions Q1 ADJ EBITDA Q1 ADJ NET INCOME $10 $10 $1.3 $o — Soa $0 az — — ($0.8) ($2.4) we ($2.8) — ($4.0) ($10) ($10) "(635) ($11.3) (520) a (520) 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 (2.9)% 1.6% (1.0)% (19.1)% 0.3% (11.3) (2
Slide 11: First Quarter Inventory - 2024 vs 2025 (worldwide)
~ Gakks) First Quarter Inventory - 2024 vs 2025 (worldwide) $ Millions $75 ee lace $53.2M $50 $25 $o 2024 2025 lg In-Transit to Warehouse g Inventory less In-Transit x
Slide 12: Q1 maintaining evergreen with additional benefit of new entertainment
~ Jakks Q1 maintaining evergreen with additional benefit of new entertainment Net Sales {$ Million) [$323] [8322] im Content-led Action Play/Dolls/RP mw Evergreen Action Play/Dolls/RP m Costumes m@ Outdoor/Seasonal [S443] [s172] = 4 i) & xs "6 n 14 47 60 3 oe. a4 56 sc Bh 62 n ci] GE au G 0 0 sy 6 2
Slide 13: Top Entertainment Properties
~ Gakks) Top Entertainment Properties pe zozt | ore | 2023 | oza | 2025 Disney Frozen 2 Disney Encanto ie Sever _ ne Bros. Movie The Simpsons The Simpsons (Fall 2019) (Fall 2021) ‘ (Spring 2023) Disney Raya and Sonic the sects sieges Di M 2 Di M 2 es Es Hedgehos 2 lermai jisney Moana isney Moana Liv
Slide 14: Condensed Consolidated Statements of Operations (Unaudited)
iakkks PACIFIC le A CIFIC LR — JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended March 31, 2025 2024 A@) (In thousands, except per share data) Net sales $ 113,253 $ 90,076 26 % Less: Cost of sales Cost of goods 54,626 53,821 1 Royalty
Slide 15: Condensed Consolidated Balance Sheets (Unaudited)
~ Gakks) ® — JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) March 31, December 31, 2025 2024 2024 (In thousands) Assets Current assets: Cash and cash equivalents $ 59,188 $ $ 69,936 Restricted cash 207 201 Accounts receivable, net 95,611 131,629 Inventory 53,1
Slide 16: Condensed Consolidated Balance Sheets (Unaudited)
takks age ee ad ° JAKKS Pacific, Inc. and Subsidiaries — Condensed Consolidated Balance Sheets (Unaudited) March 31, December 31, 2025 2024 2024 (In thousands) Liabilities, Preferred Stock and Stockholders’ Equity Current liabilities: Accounts payable $ 44489 $ 31,683 $ 42,560 Accounts payable - Mei
Slide 17: Condensed Consolidated Balance Sheets (Unaudited)
~ Gakks) JAKKS Pacific, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) March 31, Key Balance Sheet Data: 2025 2024 Accounts receivable days sales outstanding (DSO) 7 81 Inventory turnover (DSI) 64 61 Three Months Ended March 31, Condensed Cash Flow Data: 2025 2024 Cash flows
Slide 18: Reconciliation of Non-GAAP Financial Information (Unaudited)
akks CK le A CIFIC LR JAKKS Pacific, Inc. and Subsidiaries Reconciliation of Non-GAAP Financial Information (Unaudited) — Three Months Ended March 31, 22s 2024 AYO) Gn thousands) EBITDA and Adjusted EBITDA Net loss $ 38) $ 4225) $11,843 Interest expense 155 2 Interest mcome (362) 4 Benefit from inco
Slide 19: Reconciliation of Non-GAAP Financial Information (Unaudited)
~ Gakks) JAKKS Pacific, Inc. and Subsidiaries Reconciliation of Non-GAAP Financial Information (Unaudited) Three Months Ended March 31, 2025 2024 A() (In thousands, ex cept per share data) Adjusted net loss attributable to common stockholders Net loss attributable to common stockholders $ (2,382) $
Slide 20: Net Sales by Division and Geographic Region
oe” ‘S J | Ik ks JAKKS Pacific, Inc. and Subsidiaries PACIFIC ¥* ® Net Sales by Division and Geographic Region (in thousands) ar % Change % Change Divisions 2025 2024 2023 2025 v 2024 2024-¥ 2023 Toys/Consumer Products 5107,438 2,510 37,853 “15.354 Dolls, Role-Play/Dress Up 55,463 40,574 47,543 =15.