Beasley Broadcast Group, Inc. · NASDAQ:BBGI
Beasley Broadcast — Debt Investor Presentation (March 2026)
32 slides from Beasley Broadcast's debt investor presentation, Mar 20, 2026
Slide 1: Discussion Materials March 2026
CONFIDENTIAL Exhibit 99.1 Discussion Materials March 2026
Slide 2: Disclaimer
CONFIDENTIAL Disclaimer This confidential information presentation (this “Presentation”) contains certain information pertaining to Beasley Media Group, LLC (including any successor thereto, the “Company” doing business as “Beasley”). The Presentation is provided to the recipient at the recipient’s r
Slide 3: Disclaimer: Projections and Non-GAAP Metrics
CONFIDENTIAL Disclaimer Projections: This Presentation contains projected financial information (the “Projections”) with respect to the business of the Company, including net revenue and adjusted EBITDA for 2025-2028. Such Projections constitute forward-looking information, is for illustrative purpo
Slide 4: Executive Summary
CONFIDENTIAL Executive Summary Beasley Broadcasting Group, Inc. (“Beasley” or the “Company”) is well positioned to generate long-term value from its high-quality assets and participate in post deregulation portfolio optimization once its capital structure is right-sized • Despite secular headwinds,
Slide 5: 1. Financial Performance
1. Financial Performance Confidential | 4
Slide 6: Summary P&L 2023A – 2025E
CONFIDENTIAL Summary P&L 2023A – 2025E Summary P&L Commentary CAGR 1 • Audio Revenue: Decline in both Local FY2023A FY2024A FY2025E '23A-'25E (in $ millions) and National channels driven by continued weakness across the Total Net Revenues: industry as a result of reduced Local Spot $130.7 $113.7 $10
Slide 7: Historical Performance: Total Net Revenue by Market
CONFIDENTIAL Historical Performance: Total Net Revenue by Market Market Total Net Revenue 2023A 2024A 2025E '23A - '25E CAGR (in $ millons) Boston Audio $56.8 $52.3 $45.5 (10.5%) Digital 9.5 9.7 11.8 11.2% Total $66.3 $62.0 $57.2 (7.1%) % Growth (6.4%) (7.7%) Philadelphia Audio 43.3 40.9 31.7 (14.5%
Slide 8: Historical Performance: Total Net Revenue by Market (cont'd)
CONFIDENTIAL Historical Performance: Total Net Revenue by Market (cont’d) Market Total Net Revenue 2023A 2024A 2025E '23A - '25E CAGR (in $ millons) Augusta Audio 6.8 6.4 5.6 (8.8%) Digital 2.2 2.4 2.2 (1.0%) Total $9.0 $8.8 $7.8 (6.8%) % Growth (1.9%) (11.4%) Fort Myers Audio 7.2 6.5 5.7 (10.7%) Di
Slide 9: Historical Performance: Audio
CONFIDENTIAL Historical Performance: Audio Audio Segment P&L Commentary CAGR • Local Spot: Although the Company exhibited 1 resilience in its Local direct business, it was not FY2023A FY2024A FY2025E '23A-'25E (in $ millions) enough to offset the deterioration in its Local spot agency channels, resu
Slide 10: Spot Revenue Trend By Market: Local
CONFIDENTIAL Spot Revenue Trend By Market: Local Boston Philadelphia (% Market Share) (% Market Share) 49.4% 48.4% 45.9% 45.5% 36.3% 32.8% 30.5% 27.4% 2022A 2023A 2024A 1H 2025A 2022A 2023A 2024A 1H 2025A Detroit Tampa (% Market Share) (% Market Share) 49.4% 48.4% 45.9% 45.5% 25.5% 25.2% 24.5% 23.9%
Slide 11: Spot Revenue Trend By Market: Local (cont'd)
CONFIDENTIAL Spot Revenue Trend By Market: Local (cont’d) Charlotte Las Vegas (% Market Share) (% Market Share) 38.7% 37.4% 37.5% 37.4% 18.8% 17.3% 17.4% 17.2% 2022A 2023A 2024A 1H 2025A 2022A 2023A 2024A 1H 2025A Fayetteville Weighted Average Local Market Share (% Market Share) (% Market Share) 70.
Slide 12: Spot Revenue Trend By Market: National
CONFIDENTIAL Spot Revenue Trend By Market: National Boston Philadelphia (% Market Share) (% Market Share) 27.8% 27.0% 26.7% 26.1% 26.1% 24.3% 24.2% 24.0% 2022A 2023A 2024A 1H 2025A 2022A 2023A 2024A 1H 2025A Detroit Tampa (% Market Share) (% Market Share) 49.4% 48.4% 45.9% 45.5% 19.5% 18.2% 17.1% 16
Slide 13: Spot Revenue Trend By Market: National (cont'd)
CONFIDENTIAL Spot Revenue Trend By Market: National (cont’d) Charlotte Las Vegas (% Market Share) (% Market Share) 32.2% 27.3% 24.7% 24.8% 18.2% 16.6% 16.2% 13.8% 2022A 2023A 2024A 1H 2025A 2022A 2023A 2024A 1H 2025A Fayetteville Weighted Average National Market Share (% Market Share) (% Market Shar
Slide 14: Political Revenue Detail
CONFIDENTIAL Political Revenue Detail ($ in thousands) Beasley Market Outlook • Open gubernatorial race due to Ron DeSantis reaching his term limits Florida Tampa • In addition to tight house races, there are specific amendments up for vote related to budgets and taxes • Open seat for Georgia Govern
Slide 15: Beasley's Brand Portfolio
CONFIDENTIAL Beasley’s Brand Portfolio Reaching nearly 19 million listeners weekly across our key markets, Beasley’s stations consistently deliver highly engaged local audiences, reinforcing our value to advertisers Beasley Media Group Radio Station Locations Beasley Media Streaming & Digital Audien
Slide 16: Rated Market Overview
CONFIDENTIAL Rated Market Overview Cluster Rank 1 2 3 4 5 Philadelphia, PA (#9) Beasley Audacy iHeart Urban One Salem $181.4 $74.2 / 40.9% $54.1 / 29.8% $41.6 / 22.9% $6.1 / 3.3% $2.2 / 1.2% 18 FM / 21 AM 5 FM / 2 AM 5 FM / 3 AM 5 FM / 1 AM 2 FM / 0 AM 0 FM / 2 AM FCC Cap: 4 / 7 Boston, MA (#10) Ply
Slide 17: Rated Market Overview (cont'd)
CONFIDENTIAL Rated Market Overview (cont’d) Cluster Rank 1 2 3 4 5 Middlesex, NJ (#42) Beasley Pillar of Fire EBC Music Inc $5.5 $4.3 / 78.6% $0.8 / 13.6% $0.4 / 6.8% – – 6 FM / 2 AM 1 FM / 1 AM 1 FM / 0 AM 0 FM / 1 AM FCC Cap: 3 / 5 Monmouth, NJ (#53) Press Townsquare Beasley $16.6 Communications L
Slide 18: Beasley's Continued Digital Transformation
CONFIDENTIAL Beasley’s Continued Digital Transformation Beasley’s continued growth initiatives within its Digital segment should provide for enhanced growth and scale while increasing margins via developing new products, expanding O&O, focusing on podcasting and video and leveraging existing relatio
Slide 19: Historical Performance: Digital
CONFIDENTIAL Historical Performance: Digital Digital Segment P&L Commentary • Beasley’s focus on increasing the share of CAGR recurring, higher-margin Digital revenues and expanding direct and Local relationships will FY2023A FY2024A FY2025E '23A-'25E (in $ millions) continue to improve profitabilit
Slide 20: Digital Revenues By Market
CONFIDENTIAL Digital Revenues By Market Boston Philadelphia (% Market Share) (% Market Share) 49.4% 48.4% 45.9% 45.5% 31.9% 31.8% 31.8% 31.9% 29.2% 24.5% 23.0% 22.5% 23.0% 21.4% 21.6% 21.4% 20.7% 20.7% 17.2% 17.2% 20 2022A 22A 20 2023A 23A 20 2024A 24A 1H 1H 2025A 2025A 2022A 2023A 2024A 1H 2025A 20
Slide 21: Digital Revenues By Market (cont'd)
CONFIDENTIAL Digital Revenues By Market (cont’d) Charlotte Las Vegas (% Market Share) (% Market Share) 37.2% 27.5% 25.6% 25.6% 24.6% 24.6% 21.6% 21.6% 20.8% 20.8% 20.5% 20.5% 19.8% 16.7% 15.0% 15.0% 20 2022A 22A 20 2023A 23A 20 2024A 24A 1H 1H 2025A 2025A 20 2022A 22A 20 2023A 23A 20 2024A 24A 1H 1H
Slide 22: 2. Business Plan Overview
2. Business Plan Overview Confidential | 21
Slide 23: Forecast Assumptions Overview
CONFIDENTIAL Forecast Assumptions Overview • Traditional audio continues to face secular pressure, while agency channel also suffers from structural softness o The forecast does not assume material recovery in agency-related Local or National revenues • Local: Following declines from 2023A-2025E, Lo
Slide 24: Forecast Summary P&L
CONFIDENTIAL Forecast Summary P&L CAGR FY2023A FY2024A FY2025E FY2026E FY2027E FY2028E '23A-'25E '25E-'28E (in $ millions) Total Net Revenues: Local Spot $130.7 $113.7 $100.3 $98.6 $98.4 $97.1 (12.4%) (1.1%) National Spot 32.9 30.3 27.2 23.3 21.5 20.4 (9.0%) (9.1%) Total Spot Net Revenue $163.6 $144
Slide 25: Local Spot Revenue Forecast
CONFIDENTIAL Local Spot Revenue Forecast ($ in millions) $130.7 $113.7 ‘23A-’25E CAGR $100.3 $98.6 $98.4 $97.1 (12.4%) ’25E-’28E CAGR (1.1%) 2023A 2024A 2025E 2026E 2027E 2028E Commentary • The Company projects declines in Local spot revenue to have largely stabilized o Local spot assumptions are an
Slide 26: National Spot Revenue Forecast
CONFIDENTIAL National Spot Revenue Forecast ($ in millions) ‘23A-’25E CAGR $32.9 $30.3 $27.2 (9.0%) $23.3 $21.5 $20.4 ’25E-’28E CAGR (9.1%) 2023A 2024A 2025E 2026E 2027E 2028E Commentary • National agency softness remains a headwind and the Company expects further declines throughout the forecast o
Slide 27: Operating Expense Forecast Detail
CONFIDENTIAL Operating Expense Forecast Detail CAGR FY2023A FY2024A FY2025E FY2026E FY2027E FY2028E '23A-25E '25E-28E ($ in millions) Operating Expenses 1 Programming / Engineering Expense $86.3 $81.0 $74.6 $64.2 $64.9 $65.3 (7.0%) (4.3%) 2 Sales Expense 72.6 72.6 63.4 54.3 55.3 57.8 (6.6%) (3.0%) 3
Slide 28: Cash Flow Forecast Detail
CONFIDENTIAL Cash Flow Forecast Detail Cash Flow Forecast Detail Commentary 1 • Working Capital Adjustments assumed FY2026E FY2027E FY2028E (in $ millions) to be in-line with historical levels, notwithstanding elevated outflows in 2026 as the Company unwinds stretched Adj. EBITDA $23.3 $21.6 $37.9 p
Slide 29: Overview of 2026E Revenue Opportunities
CONFIDENTIAL Overview of 2026E Revenue Opportunities PF Annual Cost Feasibility Commentary Savings / Benefit • Strengthened retention efforts, approved account management, Reduce Churn $22MM and expanded audio / digital bundled selling strategies • Improved sales funnel discipline, data-driven prosp
Slide 30: 3. Transaction Overview
3. Transaction Overview Confidential | 29
Slide 31: Final Transaction Terms
Final Transaction Terms Key Terms ▪ Company to i) deliver treatment of 1L Notes acceptable to the Supporting Holder; ii) solicit ABL financing options acceptable to the Supporting Holder and iii) provide frictionless out-of-court turnover of up to 95% (subject to certain thresholds) of the Company’s
Slide 32: Final Transaction Terms (cont'd)
CONFIDENTIAL Final Transaction Terms (cont’d) Key Terms ▪ Retain existing economic interests of the Company at Close ▪ Upon the occurrence of the Equity Conversion, holders of New 2L PIK Notes shall automatically receive 95% of existing equity interests on a pro rata basis and existing Existing Equi
Beasley Broadcast Group — Debt Investor Presentation (March 2026) on 6ix