Cineverse Corp. · NASDAQ:CNVS
Cineverse — Cinedigm — Investor Presentation (February 2022)
24 slides from Cineverse's investor presentation, Feb 15, 2022
Slide 1: A Premier Streaming Technology & Entertainment Company
A P R E M I E R S T R E A M I N G T E C H N O L O G Y & E N T E R T A I N M E N T C O M P A N Y C O R P O R A T E P R E S E N T A T I O N F E B R U A R Y 1 4 , 2 0 2 2
Slide 2: Forward Looking Statements
F O R W A R D L OO K I N G 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 Exc
Slide 3: A Premier Streaming Technology & Entertainment Company
D e l i ve r i ng hi g h - q u a li t y , c u r a t ed c on t en t t h r ou g h f r e e a d - su p p o r t ed television (FAST) and dedicated ad - supported (AVOD) and subscription vid e o o n de m a nd ( S V OD ) c h ann e l s Leveraging proprietary tech and highly - scalable distribution platform,
Slide 4: With Deep Industry Knowledge and Relationships
W I T H D E E P I N D U S T R Y K N O W L E D G E A N D R E L A T I O N S H I P S C H R I S M C GU R K 25 + Y E ARS O F EX P E RI E N C E CH A I RMA N & C H I EF EXECU TI V E O FF I C ER F o un d e r & C E O , O v e r t u r e Films C E O , A n c h o r B ay Entertainment V i c e Ch a i r & C OO , M G
Slide 5: Cinedigm at a Pivotal Moment
5 CINEDIGM AT A PIVOTAL MOMENT T W O - Y E A R V I E W – L A S T T W E L V E M O N T H S ( L T M ) Cinedigm has completed its planned multi - year transformation of phasing out its legacy cinema equipment and base distribution (DVD/Blu - ray) business segments ( F Y 1 9 2 ) C o n te n t & E n te r t
Slide 6: Revenue Mix Shifting Toward High-Growth Streaming & Digital
6 REVENUE MIX SHIFTING TOWARD HIGH - GROWTH STREAMING & DIGITAL 1. Year to date increase of 133% represents the first nine - month period of fiscal year 2022 2. Content & Entertainment Segment includes Base Distribution fees and Streaming and Digital (FAST, AVOD & SVOD) 3. Dollar figure includes non
Slide 7: What Sets Us Apart
WHAT SETS US APART Diverse p o r t f ol i o o f fan - centric content C on t en t offe r i ng complements general entertainment subscription services ; doe s n o t c o m p e t e d i r e c t l y wi t h N e t f l i x, Disney+ Proprietary t e ch – on l y i n depen d ent t h a t h a s t his capability P
Slide 8: Investment Highlights
INVESTMENT HIGHLIGHTS P O S I T I O N E D F O R H I G H G R O W T H D R I V E N B Y E N T H U S I A S T C O N T E N T A N D T E C H N O L O G I C A L I N N O V A T I O N Delivering high - quality, curated c on te nt t hro u g h fr ee a d - su p p or te d te l e v i s i o n ( F A S T) a n d d e d i c
Slide 9: Well-Positioned in Large, Growing Streaming Market
9 WELL - POSITIONED IN LARGE, GROWING STREAMING MARKET 1 M A R K E T S I Z E 2 0 2 2 1. Source: PwC, Mirae Asset Securities; includes management estimates of enthusiast market of 5%. 2. Cinedigm’s LTM Revenues for the period ending December 31, 2021 were $47 million. P R O J E C T E D M A R K E T G
Slide 10: U.S. Digital Advertising Spend Increasing to ~$70B
10 U.S. DIGITAL ADVERTISING SPEND INCREASING TO ~$70B K E Y A V O D G R O W T H D R I V E R S A V O D i s t he f a s te s t g ro wi ng s e g m e n t s wi t hin U . S. di g i ta l a d v e r t i s i ng s p e nd I n d us t r y s ee i ng p i vo t a l s hif t i n ad b u d g et s f r o m b r o a d c a s t
Slide 11: Capitalizing on Evolving Consumer Habits
11 4.0 5.0 6.3 6.9 6.9 8.8 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 Q 4 2 0 2 0 Q 2 2 0 2 1 CAPITALIZING ON EVOLVING CONSUMER HABITS C o n t i nu e d “ c o r d - c u t t i n g ” r e s u l t i n g i n r i se i n S V O D & A V O D m i g r a t i o n Preference towards third - party channels a n d c on t e n t p
Slide 12: Diverse Portfolio of Fan-Centric Content
DIVERSE PORTFOLIO OF FAN - CENTRIC CONTENT Cinedigm’s streaming advantage broadens c o n s u m e r r ea c h a nd d r i v e s r e v e n u e N a r r owc a s t S t r ea m i ng Chann e l s t hat g e n e r at e r e c urr i ng r e v e n u e s t r ea m s 12
Slide 13: Among the Largest Streaming Libraries in the Market
36 , 8 4 6 35,24 7 35 , 0 5 3 20,80 9 13,09 7 11,79 6 11,73 1 11,01 4 9 , 0 8 4 6,79 9 5,94 9 4,40 3 4, 3 00 2,95 0 Source: Data according to Ampere Analytics, December 2021 13 AMONG THE LARGEST STREAMING LIBRARIES IN THE MARKET C I N E D I G M ’ S C U R R E N T S T R E A M I N G C O N T E N T L I B
Slide 14: Focused on Enthusiast Audiences Globally
FOCUSED ON ENTHUSIAST AUDIENCES GLOBALLY T A R G E T I N G S O U G H T - A F T E R V E R T I C A L S W I T H L O Y A L F A N - B A S E P r e st i g e f il m a n d T V ( F a n d or) Hor r o r ( S c r e a m b ox a n d B l oo d y D i sg u s t i n g) F a m i l y e n t e r t a i n me n t ( D o v e C h a
Slide 15: Proprietary Distribution Platform: Matchpoint
P R O P R I E T A R Y D I S T R I B U T I O N PLATFORM: MATCHPOINT ® Tech - stack automates film and TV distribution at massive scale A pp li c a t i on f r a m e w ork Analytics C o n t e n t d e li v e r y C o n t e n t A gg r e g a t i on 15
Slide 16: Content Offering Complements General Entertainment
CONTENT OFFERING COMPLEMENTS GENERAL ENTERTAINMENT Es t a b li s h i n g k e y st r a t e g i c a d v a n t a g e s b y st r u c t u r i n g d e a l s w i t h : Connected streaming TV including Samsung, LG, Roku and Vizio Large original equipment managers (OEMs), cable companies and technology platf
Slide 17: Developing Channel Umbrella Hub with Global Reach
D E V E L O P I N G CHANNEL UMBRELLA HUB W I T H G L O B A L R E A C H T O D R I V E E N G A G E M E N T Enthusiast umbrella super - serving a u d i e n c e s a c r o ss mu l t i p l e p o i n t s o f m o n e t i z a t i o n ( F A S T , A V O D a n d S V O D ) G l o b a l r e a c h – C i n e d i g m
Slide 18: Pursuing Accretive M&A Strategy
PURSUING ACCRETIVE M&A STRATEGY B U I L D I N G C O M P E T I T I V E A D V A N T A G E C O M P L E T E D & I N T E G R A T E D S I X A C C R E T I V E A C Q U I S I T I O N S F R O M D E C E M B E R 2 0 2 0 T O S E P T E M B E R 2 0 2 1 W I T H O N G O I N G A C T I V E M & A P I P E L I N E F il m
Slide 19: Latest Accretive Acquisition of Digital Media Rights
L A T E S T A C C R E T I V E A C Q U I S I T I O N O F D I G I T A L M E D I A R I G H T S ( D M R ) 1 I M M E D I A T E L Y P R O V I D E S I N C R E A S E D S C A L E A N D G R O W T H Highly accretive acquisition significantly increases Cinedigm’s library, channel portfolio, ad business and soci
Slide 20: Plan on Track
20 PLAN ON TRACK B U I L D I N G M O M E N T U M A C R O S S K E Y M E T R I C S 1 Growing viewership and subscription numbers increased significantly to ~33 million monthly viewers reaching ~1.1 billion unique consumer devices ~ 3 3 M T o t a l s t r e a m i ng viewers 1. YOY comparisons are betwee
Slide 21: Positioned to Drive EBITDA
21 POSITIONED TO DRIVE EBITDA D r i v i n g g r o ss m a r g i n a n d E B I T D A b y leveraging proprietary Matchpoint platform E x p e c t e d p os i t i v e c a sh f lo w f r om l e g a c y c i n em a e q u i p me n t b u s i n e ss f o r F Y 22 C a sh p l u s c a p a c i t y un d e r r e v o l
Slide 22: Long Range Growth Targets
22 LONG RANGE GROWTH TARGETS 2 T O 4 Y E A R S B O T H O R G A N I C A N D M & A G R O W T H Revenue 1 1. R e p re s e n t s d i g i t a l , s t ream i n g a n d p r o d u c t i o n re v e nu e 2. Monthly viewers who have engaged with a Cinedigm property 3. Aggregate monthly minutes consumed by Cine
Slide 23: Content, Technology and Roll-Up Strategy Summary
23 C O N T E N T F ocu s ing on E nth us i as t au d i e nce – Fan - c e nt r ic c o n te nt t hat is c o mp l e m e n t a r y t o g e n e r al e n te r t ain m e nt s u b s c r i p t i o n s e rv ic e s Well - positioned in evolving consumer streaming landscape G r o wing vi e w e rshi p and s u b
Slide 24: A Premier Streaming Technology & Entertainment Company
A P R E M I E R S T R E A M I N G T E C H N O L O G Y & E N T E R T A I N M E N T C O M P A N Y