Slide 1: A Leading Independent Streaming Entertainment Company
A Leading Independent Streaming Entertainment Company Investor Presentation August 2021
Slide 2: Forward looking statements
Forward looking statements Investors are cautioned that certain statements contained in this document, as well as some statements in press releases and some oral statements of Cinedigm officials during presentations about Cinedigm, along with Cinedigm's filings with the Securities and Exchange Commi
Slide 3: A Leading Independent Streaming Entertainment Company
A Leading Independent Streaming E ntertainment C ompany Super - serving Global E nthusiast F an B ases 3 • An innovator in the digital transformation of the entertainment industry for more than two decades • Delivering high - quality, curated content through subscription video on demand (SVOD) and d
Slide 4: Led by experienced management team
Led by experienced management team 4 With deep industry knowledge and relationships Chris McGurk Chairman & CEO ▪ Founder & CEO, Overture Films ▪ CEO, Anchor Bay Entertainment ▪ Vice Chair & COO, MGM ▪ President & COO, Universal ▪ President, Disney Motion Pictures Gary Loffredo COO, General Counsel
Slide 5: Cinedigm has completed its multi-year transformation
Cinedigm has completed its multi - year transformation… From: A digital cinema equipment and physical content distributor 5 Planned phasing out of legacy cinema projector and DVD/Blu - ray business segments THE CINEDIGM STORY
Slide 6: To a Leading Independent Streaming Company of Channels and Content
…To a Leading Independent Streaming Company of Channels and Content Poised for considerable growth driven by technological innovation 6 Innovative Fan - Centric Expected revenue growth High - Growth Streaming & digital business World - class proprietary streaming platform Focusing on Enthusiast audi
Slide 7: Cinedigm at a pivotal moment – Two-year view
Cinedigm at a pivotal moment – Two - year view 7 Revenues Monthly Active Users (MAU) Streaming Key Metrics (FY21 Ending March 31, 2021) Enterprise Value ( August 2021) $31M 24M ~$300M Cash $17 M Debt (as of July 14, 2021) $0M Revenue by Segment ( FY 21) Cinema Equipment Business Content & Entertainm
Slide 8: Investment highlights
8 Investment highlights Diverse portfolio focused on large Total Addressable Market ( TAM) Leveraging enthusiast c ontent portfolio Well positioned in a changing landscape Delivering sustained growth Executing key initiatives Driving growth through technological innovation A rapidly growing streamin
Slide 9: Diverse portfolio of fan-centric content
Diverse portfolio of fan - centric content 9 • Cinedigm’s streaming advantage broadens consumer reach and drives revenue • Narrowcast Streaming Channels that generate recurring revenue streams
Slide 10: Focused on enthusiast audiences globally
• Indie film ( Fandor ) • Horror ( Screambox and Bloody Disgusting) • Family entertainment (Dove Channel) • Iconic entertainers (The Bob Ross Channel and The Elvis Presley Channel) 10 Focused on enthusiast audiences globally Targeting sought - after verticals with loyal fan - base
Slide 11: Positioned in large, growing streaming market
Positioned in large, growing streaming market 1 11 Market Size 2021 $30M U.S. Enthusiast Market $3B+ Total Global Market ~ $60B 1 Market Growth 2020 - 2025 13.4% CAGR 1. Source: PwC, Mirae Asset Securities; includes management estimates of enthusiast market of 5%.
Slide 12: U.S. digital advertising spend increasing to ~$70B
U.S. digital advertising spend increasing to ~$70B 12 • AVOD is the fastest growing segments within U.S. digital advertising spend • Industry seeing pivotal shift in ad budgets from broadcast TV to streaming 37% 37% 37% 39% 41% 43% 45% 63% 63% 63% 61% 59% 57% 55% 0 10 20 30 40 50 60 70 80 2019 2020
Slide 13: Investment highlights
13 Investment highlights Diverse portfolio focused on large TAM Leveraging Enthusiast Content Portfolio Well positioned in a changing landscape Delivering sustained growth Executing key initiatives Driving growth through technological innovation A rapidly growing streaming business that is:
Slide 14: Capitalizing on evolving consumer habits
Capitalizing on evolving consumer habits 14 Continued “cord - cutting” resulting in rise in SVOD & AVOD migration Preference towards third - party channels and content platforms Rapid rise in consumption of free ad - supported content Increasing demand for underserved content Trend in youth (kids) m
Slide 15: Unique competitive position
Unique competitive position 15 Multi - channel, enthusiast portfolio is complementary to general entertainment subscription services • Not directly competing with big general entertainment subscription services such as Disney+ and Netflix . O ffers complementary channels, serving - super enthusiast
Slide 16: Proprietary distribution platform: Matchpoint
Proprietary distribution platform: Matchpoint TM • Our competitive advantage is our world class, proprietary streaming platform that enables us to deliver great streaming experiences at massive scale • SaaS - based distribution platform to automate film and TV distribution while creating and curatin
Slide 17: Developing channel umbrella with global reach
Developing channel umbrella with global reach • Enthusiast umbrella super - serving audiences across multiple points of monetization • Global reach - both content appeal and distribution 17
Slide 18: Enhancing streaming platform technology with acquisition of FoundationTV
Enhancing streaming platform technology with acquisition of FoundationTV – Creating Content “Umbrella” Streaming Service 18 Advantages Integration objectives • Combination of Matchpoint and FoundationTV’s platforms and respective software engineering teams to enhance and extend streaming technology
Slide 19: Investment highlights
19 Investment highlights Diverse portfolio focused on large TAM Leveraging Enthusiast Content Portfolio Well positioned in a changing landscape Delivering sustained growth Executing key initiatives Driving growth through technological innovation A rapidly growing streaming business that is:
Slide 20: Positioned to deliver sustained growth - Executing on key initiatives
Positioned to deliver sustained growth - Executing on key initiatives 20 • Growing viewership and subscription numbers significantly – 24 million monthly active users (MAU) and 900 million unique streaming consumer devices globally as of June 2021 • Executing roll - up strategy by completing several
Slide 21: Pursuing accretive M&A strategy
Pursuing accretive M&A strategy - Building competitive advantage 21 Completed & integrated five accretive acquisitions from October 2020 to June 2021 with ongoing active M&A pipeline • Focused on acquiring higher quality content and streaming channels • Active pipeline with key industry players • Op
Slide 22: Dramatically expanding streaming content business
Dramatically expanding streaming content business Building an Umbrella/Channel Hub to drive engagement 22 • Launching and scaling SVOD, AVOD, and FAST channel portfolio – building an Umbrella (channel hub)
Slide 23: Establishing key strategic advantages through partnership deals
Establishing key strategic advantages through partnership deals 23 • Connected streaming TV including Samsung, Roku and Vizio • Large OEM’s, cable companies and technology platforms including Sinclair Broadcast Group, Samsung, Comcast Xfinity, Roku, Amazon, Tubi, Vewd and Vizio • Licensed film and T
Slide 24: Plan on track – Building momentum across key metrics
Plan on track – Building momentum across key metrics 1 24 174% YOY 450% YOY 21 Streaming live channels 2 24M Total streaming viewers 683K T otal SVOD subscribers 349% YOY 1. YOY comparisons are between June 2020 and June 2021 2. Compared to five channels as of March 2020 3. YOY comparison between Ma
Slide 25: Positioned to drive EBITDA through achievable growth targets
Positioned to drive EBITDA through achievable growth targets 25 • Strong balance sheet with no debt • Residuals from legacy cinema equipment business will drive ~$11 million of cash flow in F’22 ($5 million Q1, $3 million Q2, and $3 million in later periods) • Cash plus capacity under revolver provi
Slide 26: Long range growth targets
Long range growth targets – 3 to 5 years Both Organic and M&A Growth 26 $150M 40M Revenue 1 Active Viewers (MAU) 2 Engagement Connected TV minutes 3 1. Represents digital, streaming and production revenue 2. Monthly viewers who have engaged with a Cinedigm property 3. Aggregate monthly minutes consu
Slide 27: In Summary – Why Invest?
27 A Leading Independent Streaming E ntertainment C ompany Super - serving Global E nthusiast F an B ases Diverse portfolio focused on large TAM Leveraging Enthusiast Content Portfolio Well positioned in a changing landscape Delivering sustained growth Executing key initiatives Driving growth throug
Slide 28: A Leading Independent Streaming Entertainment Company
A Leading Independent Streaming Entertainment Company Investor Presentation August 2021