Boston Omaha Corporation · NYSE:BOC
Boston Omaha — Shareholder Meeting (September 2024)
13 slides from Boston Omaha's shareholder meeting presentation, Sep 20, 2024
Slide 1: Welcome to the Annual Shareholder Meeting
a Welcome to the Annual Shareholder Meeting BOSTON OMAHA CORPORATION September 20, 2024
Slide 2: Q2 2024 Financial Results
BOSTON OMAHA Q2 2024 Financial Results
Slide 3: Safe Harbor Statement and Comparison of Adjusted Information to U.S. GAAP
BOSTON OMAHA, ‘SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, COMPARISON OF ADJUSTED INFORMATION TO U.S. GAAP INFORMATION
Slide 4: Q2 2024 Highlights
Q2 2024 Highlights raeray + Revenue growth of ~6%6 YoY Link Media Outdoor + Adjusted EBITDA of $4.6 million - quarterly record / YoY growth of ~183% + -3,800new fiber passings Boston Omaha Broadband + 11800 new fiber subscribers + $7.8milionin capital expenditures + Gross written premium up ~76% YoY
Slide 5: Business Unit Updates
Business Unit Updates
Slide 6: Link Media Outdoor
Link Media Outdoor SORTaR Outdoor Advertising OMAHA, Record level of revenue and EBITDA recorded in Q: Revenue S14 5.68221 4.786 + Continue to focus on lowering land costs through ‘easement purchases and land lease renewals. Land cost 96!” 18.0% — (0.4)% 18.5% (0.49% Gross margin 66.1% 1.2% 65.3% 1.
Slide 7: General Indemnity Group
General Indemnity Group soso OMAHA) Surety Insurance 1 the District of Gross written premium $80 762% = «S125 8.286 + Agencies consolidated as of January 2024 and ‘Riverue $5.8 nied #108) (27.6%, rebranded to BOSS Bonds in June 2024, Loss ato 96 142% (4.386 155% (3.086 Gross margin% CR. Cee Key Metr
Slide 8: AireBeam, InfoWest and Utah Broadband
Boston Omaha Broadband BOSTON A OMAHA) AireBeam, InfoWest and Utah Broadband 6k new fiber passings and 1.3k new fiber subscriber Revenue $24 10.1% $189 17.196 during Q2'24. + Continue to focus on developing strategic partnerships Gross margin % 79.0% 3.5% 73.0% seal ‘and driving cost efficiencies ac
Slide 9: Fiber Fast Homes - Greenfield Fiber New Homes Division
Boston Omaha Broadband BOSTON Fiber Fast Homes - Greenfield Fiber New Homes Division — + 1.2knew fiber passings and0.5k new fiber subscribers. Revenue $04 171.0% = «$06 (153.6% during Q2'24. + Working to continue growing subscriber base white Gross margin % (40.0% 2.6% © (75.89% (22.4996 ibaa ceed ©
Slide 10: Manufactured Home Opportunities
Boston Omaha Broadband BOSTON OMAHA, Manufactured Home Opportunities Forecasted Penetration by Year Cost per Passing $1,100 Cost per Installation $900 ARPUM) $65 ‘Average Expected Penetration Rate 65% Expected Retuin'” 18%. 2366 * Vast majority of manufactured home parks lack 12. Varn ete depends on
Slide 11: Long-Term Greenfield Bulk Opportunities
Boston Omaha Broadband BOSTON Long-Term Greenfield Bulk Opportunities MAHA Forecasted Penetration by Year Cost per Passing $1,300 Cost per Installation $700 ARUN $70-$110 Average Expected Penetration Rate 90% - 109% Expected Return") 22% -27% 11. AtPUsbownepresarts sane terngtonubecbrlr 10bpe2Gbpsse
Slide 12: MDU & Brownfield/Existing Home Opportunities
Boston Omaha Broadband MDU & Brownfield/Existing Home Opportunities Key Metrics- MDU Opportunities ‘Cost per Passing $300 Cost per installation $550 ARPUN $35 Average Expected Penetration Rate 100% Expected Retumn'*) 239% -28% 1 Vessinyofrtuie depends on host act species ech project, neling alain an
Slide 13: Q&A Session
Q&A SESSION BOSTON OMAHA CORPORATION