Slide 1: Investor Presentation
PAGE 0 Investor Presentation
Slide 2: Legal Disclaimer
Legal Disclaimer PAGE 1 The information in this presentation is provided to you by Courtside Group, Inc. (the “Company” or “PodcastOne”) solely for informational purposes and is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any security or instrument of the Company, or t
Slide 3: Transaction Summary
TRANSACTION SUMMARY Company Courtside Group, Inc. (dba PodcastOne) Proposed Exchange / Ticker Nasdaq / PODC Transaction Type Spin - Out & Direct Listing Special Share Dividend 1 ~19% of the Outstanding Common Stock of PODC Anticipated Trade Date September 8, 2023 Financial Advisor Roth Capital Partn
Slide 4: Introduction to PodcastOne
INTRODUCTION TO PODCASTONE PodcastOne is a leading podcast platform and publisher that makes its content available to audiences via all podcasting distribution platforms, including PodcastOne’s website, Apple Podcasts, Spotify, Amazon and more… PAGE 3
Slide 5: Management Team and Board of Directors
Kit Gray Co - Founder & President 19+ YEARS EXPERIENCE Sue McNamara Head of Sales 20+ YEARS EXPERIENCE Eli Dvorkin VP, Talent and Brand Partnerships 15+ YEARS EXPERIENCE Stacie Parra Content and Podcast Producer 20+ YEARS EXPERIENCE Board of Directors Craig Foster (Director nominee) Director of Live
Slide 6: Key PodcastOne Stats
48M+ IAB Monthly Downloads PAGE 5 350+ Hours Produced Weekly 5.4M+ Unique Monthly Listeners 600M+ Annual Downloads 300+ Exclusive Programs KEY PODCASTONE STATS Source: Public SEC filings and Press Releases as of August 2023 #10 Ranked on Podtrac’s Top Podcasters List
Slide 7: Podtrac Ranking
PAGE 6 PODTRAC RANKING Note: As of March 2023 based on data for 859 shows. Unique Monthly Audience: Total of unique audience members who stream or download publisher’s podcast content across all shoes they produce. Global Unique Streams & Downloads: Total unique streams and downloads of podcast cont
Slide 8: Financial Snapshot
$10.6 $8.7 $34.6 $32.3 $23.8 4 Revenue & Adjusted EBITDA Fiscal Year Ending March 31 ($ in millions) Gross & Adjusted EBITDA Margin FINANCIAL SNAPSHOT $(2.1) $(4.1) $(1.5) $(0.1) FY 2021 FY 2022 FY 2023 FY 2024E Revenue Source: Public SEC filings Adjusted EBITDA FQ1 2022 Gross Margin Adjusted EBITDA
Slide 9: PodcastOne Listeners
PODCASTONE LISTENERS A LOYAL, ENGAGED AND HIGHLY SOUGHT AFTER - DEMOGRAPHIC 78% Listen to more than one PodcastOne podcast Age Education Household Income 4.5 Number of PodcastOne podcasts listened to on average 58% 42% Gender breakdown 11 hrs, 20 min Average time spent listening per week Source: Pod
Slide 10: Podcast Listeners Are a Valuable Demographic
PODCAST LISTENERS ARE A VALUABLE DEMOGRAPHIC PAGE 9 Podcast listeners are more likely to purchase advertised products or services than TV viewers or AM/FM radio listeners, making them a valuable demographic to advertisers Percent of audience that agrees that “the ads on this media make me more likel
Slide 11: Our Revenue Model
HOST READ AD - AUDIO A Host read ad is recorded directly into the episode file and served with every download from the moment the episode is released. All podcast ads prior to the mid - 2010s were baked in. HOST READ AD – VIDEO A Host read ad is recorded directly into the episode file both audio and
Slide 12: Our Revenue Model (Cont'd)
OUR REVENUE MODEL (CONT’D) Quickie Episode Ladygang Custom Segment Adam Carolla Custom Segment Prosecutors CUSTOM SEGMENTS PodcastOne has the capabilities to do custom executions, episode takeovers or custom segments per the client’s needs. Segments are 3 - 5 minutes long. LIVE SHOWS PodcastOne has
Slide 13: Our Advertiser Network
OUR ADVERTISER NETWORK PAGE 12
Slide 14: Case Study: Amazon Groceries
Amazon teamed up with PodcastOne to drive awareness for Amazon Groceries, Exposure to the podcasts with advertisements yielded higher agreement of Amazon Prime’s convenience and help to make life easier . The advertising positively influenced agreement that Amazon Prime is convenient to use across a
Slide 15: Our Distribution Network
OUR DISTRIBUTION NETWORK FEATURED PLATFORMS PAGE 14
Slide 16: Our Partners
OUR PARTNERS MEASUREMENT We deploy leading podcast measurement solutions tailored to your KPIs : brand impact, sales lift, even in - store conversions while ensuring transparency and accountability . BRAND LIFT STUDIES We continuously embark upon brand lift studies to demonstrate and validate impact
Slide 17: Ladygang
LADYGANG We io & 2 PAGE 16
Slide 18: From Our Hosts
FROM OUR HOSTS “The team at PodcastOne understands LADYGANG exponentially and continues to bring us exciting partnerships with the brands that we love . Our relationship isn’t just about impressions, downloads and contracts - it is about their dedicated team of producers and salespeople working hand
Slide 19: Podcasting at a Glance
PAGE 18 PODCASTING AT A GLANCE Listeners have made podcasts part of their everyday life. ‘What podcasts are you listening to?’ is asked everyday and we have the numbers to back that up Becca Tobin, Keltie Knight & Jac Vanek Ladygang Kail Lowry Coffee Convos People listen to podcasts Say “I feel clos
Slide 20: Two Potential Transactions Under LOI
PAGE 19 • Kast Media is a Los Angeles - based podcast network leading the way in multi - channel simulcast strategy for show creation and distribution • The acquisition of certain podcasts is expected to add up to $10 million of annual revenue and be accretive to EBITDA • All - stock deal TWO POTENT
Slide 21: Financial
FINANCIAL podcastone
Slide 22: Summary Financials
Fiscal Year Ending March 31, 2024E 2023 2022 2021 $42,000 - $47,000 $ 34,645 $ 32,348 $ 23,840 Net Revenue 21.3% - 35.7% 7.1% 35.7% % YoY Growth $ 27,579 $ 26,271 $ 18,279 Costs of Sales $ 7,066 $ 6,077 $ 5,561 Gross Profit 20.4% 18.8% 23.3% % Margin Operating Expenses $ 5,174 $ 5,155 $ 3,992 Sales
Slide 23: Adjusted EBITDA Reconciliation
($ in thousands) ADJUSTED EBITDA RECONCILIATION Fiscal Year Ended March 31, 2021 2022 2023 LTM as of 6/30/2023 Three Months Ende 6/30 /2022 Adjusted EBITDA Reconciliation $(6,9 $(3,604) $(3,264) Net Income 634 586 Depreciation and Amortization 205 Stock - Based Compensation Non - Recurring Acquisiti
Slide 24: Balance Sheet
($ in thousands) Source: Public SEC filings PAGE 23 BALANCE SHEET $468 $3,562 Current Assets Cash 8,794 6,876 Accounts Recievable Other Current Assets 1,006 1,126 $10,388 $11,444 Total Current assets $229 $242 Long - Term Assets Plant, Property & Equipment 12,041 12,041 Goodwill 707 732 Intangible A