Venu Holding Corporation · AMEX:VENU
Venu — Q4 2025 Earnings Presentation
33 slides from Venu's earnings presentation, Mar 31, 2026
Slide 1: Company Overview
VENU HOLDING CORPORATION NYSE AMERICAN: VENU COMPANY OVERVIEW MARCH 2026
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements in this presentation constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "
Slide 3: Disclaimer
DISCLAIMER The following disclaimer applies to this presentation and the information provided therein, which has been prepared by Venu Holding Corporation (the “Company” and, together with its subsidiaries, the “Group”) and any other material distributed or statements made in connection with such pr
Slide 4: About Venu
ABOUT VENU Fan Founded. Fan Owned. Artist Inspired. • VENU Holding Corporation (NYSE American: VENU) is a publicly traded developer, owner, and operator of upscale live entertainment venues and premium hospitality destinations – operating with a durable, cash-flowing, repeatable public/private owner
Slide 5: About the Founder
ABOUT THE FOUNDER JW Roth is Founder, Chairman, and CEO of VENU • An entrepreneur with a passion for live music and premium experiences, Mr. Roth brings deep business acumen shaped by extensive experience across real assets, hospitality, consumer brands, and public companies. • Founder and CEO since
Slide 6: Reimagining the Entertainment Industry
REIMAGINING THE ENTERTAINMENT INDUSTRY The global live music market is projected to grow from $38.58 billion in 2025 to $62.59 billion by 2034.1 Concert ticket prices have nearly doubled over the past decade, and the trend has accelerated, with the average ticket for the top 100 tours in North Ameri
Slide 7: As Seen In
AS SEEN IN EheNew York Eimes PRALLSTAR Bloomberg yahoo! TuLsA WORLD VARIETY venues: (cheddar ‘THE DENVER Post eTimes billboard THE WALL STREET JOURNAL. NEWSMAX The Dallas Morning News HOUSTON CHRONICLE
Slide 8: Venu Is Leading Disruptor of the Live Music and Luxury Hospitality Industry
VENU IS LEADING DISRUPTOR OF THE LONG-ESTABLISHED LIVE MUSIC AND LUXURY HOSPITALITY INDUSTRY AVERAGE U.S. AMPHITHEATER VS SUNSET AMPHITHEATERS AVERAGE U.S. AMPHITHEATERS 40Y SUNSET AMPHITHEATERS • State of the art sound & lighting • 40 years old THE AVERAGE LIFE OF INTENTIONAL • Multi-seasonal confi
Slide 9: Venu Model
VENU MODEL What do we do? We build premium, state-of-the-art live entertainment venues through public-private partnerships. How do we do what we do? How do we finance what we do? We work with municipalities to identify the • 40% of financing comes from our municipality economic impact our venue woul
Slide 10: Highly Attractive Unit Economics and Cash Flow Generative Model
HIGHLY ATTRACTIVE UNIT ECONOMICS AND CASH FLOW GENERATIVE MODEL What are the main components of revenue and operating expenses? Revenue: Operating Expenses: • Tickets, One-off Premium Ticket Experiences • Talent – Artist • Parking –Multiple Options (i.e. Premium, etc.) • Labor – Security, Guest serv
Slide 11: Illustrative Unit Economics and Cash Flow Generative Model
ILLUSTRATIVE UNIT ECONOMICS AND CASH FLOW GENERATIVE MODEL What are the economics of ticket sales, F&B, etc. ? Average Case Study: Ford Amphitheater1 Guest Spend Ticket sales drive the business to cover show costs. We generate margin through ancillary revenue streams. • Average TOTAL Guest Spend: $1
Slide 12: Established Developer and Operator with Proven Track Record and Operational Moat
ESTABLISHED DEVELOPER AND OPERATOR WITH PROVEN TRACK RECORD AND OPERATIONAL MOAT Live Entertainment Specialist with a Unique Concept • Operating partners (Live Nation & AEG Presents) focusing on volume and market share, not reinvestment, for artist and guest experience improvement. • Overdelivering
Slide 13: Operating & Booking Partners
OPPORTUNITY FOR DIVERSIFICATION AND INCREMENTAL GROWTH ACROSS AUXILIARY REVENUE STREAMS OPERATING & BOOKING PARTNERS FORD AMPHITHEATER SUNSET AMPHITHEATER SUNSET AMPHITHEATER COLORADO SPRINGS, CO AT BROKEN ARROW, OK AT MCKINNEY, TX EXCLUSIVE OPERATING AND BOOKING PARTNER “OPEN ROOM” FOR MULTIPLE BOO
Slide 14: Concert Hall Ticketing Partner
OPPORTUNITY FOR DIVERSIFICATION AND INCREMENTAL GROWTH ACROSS AUXILIARY REVENUE STREAMS CONCERT HALL TICKETING PARTNER THE HALL AT BOURBON BROTHERS EXCLUSIVE TICKETING PARTNER LOCATED IN COLORADO SPRINGS, CO GAINESVILLE, GA CENTENNIAL, CO (Coming 2027) TIXR is contracted for four indoor concert hall
Slide 15: Brand Partners & Sponsors
OPPORTUNITY FOR DIVERSIFICATION AND INCREMENTAL GROWTH ACROSS AUXILIARY REVENUE STREAMS BRAND PARTNERS & SPONSORS FORD AMPHITHEATER SUNSET AMPHITHEATERS COLORADO SPRINGS, CO ACROSS OKLAHOMA & TEXAS 15
Slide 16: Strategic Partners
OPPORTUNITY FOR DIVERSIFICATION AND INCREMENTAL GROWTH ACROSS AUXILIARY REVENUE STREAMS STRATEGIC PARTNERS TROY AIKMAN 16
Slide 17: Ford Amphitheater
FORD AMPHITHEATER Overview & Achievements • Venue Features: • 92 8-person Luxe FireSuites • Named Top West Coast Amphitheater on Billboard's 2026 Top Music • 40 8-person Terrace-Level FireSuites Venues List • Two Elevated Owners’ Clubs • Nominated for Best New Concert Venue of the Year 2024 by Polls
Slide 18: Growing Total Addressable Market in Underserved MSAs
TAKING ADVANTAGE OF A GROWING TOTAL ADDRESSABLE MARKET (TAM) IN UNDERSERVED MSAs WITH STRONG POPULATION GROWTH Core Market Criteria: Site Location Requirements: • Minimum 1M+ addressable population • Incentive packages and municipal partnerships • Municipal alignment on outdoor • 100K+ daily visibil
Slide 19: Robust and Identifiable Development Pipeline
ROBUST AND IDENTIFIABLE DEVELOPMENT PIPELINE Typical Development Timeline: 1 2 3 4 Market Selection Assess market and establish agreement with Municipality Entitlement Design Construction 6-12 months 90-120 days 5 months 14-16 months 19
Slide 20: Venue Opening Dates
VENUE OPENING DATES 2017 2019 2023 2024 2025 20261 20271 • Bourbon Brothers • Bourbon Brothers • Bourbon Brothers • Ford • Roth's Sea & Steak, CO • Sunset Amphitheater2: • Sunset Amphitheater2: Smokehouse & Presents, CO Smokehouse & Amphitheater, CO • Tulsa, OK • McKinney, TX Tavern, CO Tavern, GA •
Slide 21: Venu's Expansion Map
ROBUST AND IDENTIFIABLE DEVELOPMENT PIPELINE VENU’S EXPANSION MAP 21
Slide 22: Summary of Current Development Pipeline
ROBUST AND IDENTIFIABLE DEVELOPMENT PIPELINE Summary of Current Development Pipeline Through our partnership with Ryan LLC, we remain on track to deliver one to two new public-private partnerships per quarter. Our municipal development pipeline has increased to 48 municipalities exploring VENU proje
Slide 23: Financial Snapshot: FY 2025 to FY 2024
FINANCIAL SNAPSHOT: FY 2025 to FY 2024 Annual Earnings Reports Total Revenue Luxe FireSuiteTM & Aikman Club Sales • Our Amphitheater Operations generated net profits over a full season of • Luxe FireSuiteTM and Aikman Club sales reached 28 shows of $3,210,837 or 18% of our total revenue during 2025.
Slide 24: Leadership Team
LEADERSHIP TEAM J.W. ROTH, a HEATHER ATKINSON, a seasoned finance VIC SUTTER represents VENU as Chief Operating Officer. fifth-generation executive with more than 25 years of Sutter leads operations across the brand’s premium Colorado native, experience, has been with VENU since its 2017 portfolio,
Slide 25: Cap Table
CAP TABLE As of March 31, 2026 Shares of Common Stock1 60,378,646 Pre-Funded Warrants to Purchase Common Stock 4,410,000 Common Stock Underlying Convertible Notes2 200,000. Series B Preferred Stock (As Converted)3 1,008,000 Options and Warrants (WAEP: $6.40) 35,351,617 Fully Diluted Shares Outstandi
Slide 26: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS VENU HOLDING CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in US Dollars) As of As of December 31, 2025 December 31, 2024 ASSETS Current assets Cash and cash equivalents $41,306,358 $37,969,454 Inventories 474,467 225,283 Prepaid expenses and other current ass
Slide 27: Venu Investment Highlights
VENU INVESTMENT HIGHLIGHTS VENU is leading disruption of the long-established live music and luxury hospitality industry Taking advantage of a growing TAM in underserved MSAs with strong population growth Established developer and operator with proven track record and operational moat Leading techni
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Slide 30: Appendix
APPENDIX 30
Slide 31: Ford Amphitheater Lineup
FORD AMPHITHEATER LINEUP 2024 2025 2026 AUG – OCT APR – OCT CONFIRMED ARTISTS • OneRepublic • Jason Isbell and • King Gizzard & • John Mulaney • The Beach Boys the 400 Unit the Lizard Wizard • Turnpike Troubadours • Walker Hayes • Seether • Slightly Stoopid • Alex Warren • Iration And Pepper • Dwigh
Slide 32: Notable Venues in the U.S.
NOTABLE VENUES IN THE U.S.1 2 3 VENUE LOCATION YEAR OPENED CAPACITY Red Rocks Amphitheatre Morrison, CO 1941 9,525 Hollywood Bowl Los Angeles, CA 1922 17,500 The Fillmore San Francisco, CA 1912 1,200 Madison Square Garden New York, NY 1968 20,000 Ryman Auditorium Nashville, TN 1892 2,362 The Taberna
Slide 33: Thank You
THANK YOU 33 www.venu.live