Slide 1: A Premier Streaming Technology & Entertainment Company
A PREMIER STREAMING INVESTOR TECHNOLOGY & PRESENTATION E N T E R TA I N M E N T Cineverse (Nasdaq: CNVS) CO M PA N Y August 2023
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 Cineverse officials during presentations about Cineverse, along with Cineverse's filings with the Securities and Exchange Co
Slide 3: Cineverse
Cineverse is a global streaming technology and entertainment company with one of the world’s largest portfolios of streaming channels and content libraries—all powered by its advanced, proprietary streaming technology solutions rooted in AI and machine learning. Leveraging Matchpoint, our next-gener
Slide 4: Investment Highlights
Investment Highlights Te c h n o l o g y & c o n t e n t - f i r s t a p p r o a c h t o d r i v e g r o w t h PROPRIETARY CONTENT TECHNOLOGY Extensive portfolio of 24 streaming services available under every business model Matchpoint - fully owned streaming, distribution and business intelligence p
Slide 5: Cineverse: Innovation is in our DNA
Cineverse: Innovation is in our DNA For 20+ years, Cineverse has pushed the boundaries at the intersection of technology and entertainment. Acquired eight companies including: Sunsetted legacy Began • Development team of Digital Cinema conversion of Acquired New Launched the longtime technology busi
Slide 6: In Case You Missed It…
In Case You Missed It… Recent developments Content and Secures IP: Expanded Launch of technology Te r r i f i e r 3 a n d partnership with MatchpointAi partnership with Classic Sid & Marty Amagi, global leader To o l s TCL, global TV and Krofft Library in cloud-based SaaS mobile device technology fo
Slide 7: The Streaming Opportunity
THE STREAMING OPPORTUNITY CINEWERSE
Slide 8: Ad Spending is Shifting From Cable to Streaming
Ad Spending is Shifting From Cable to Streaming Ad-supported is the fastest growing segment within U.S. digital 80 2019 – 2025E CAGRS¹ advertising spend AVOD: 25% TOTAL SPEND (IN BILLIONS) 70 Other Digital Video: 18% Industry is seeing pivotal shift in ad Total Digital Video: 21% budgets from broadc
Slide 9: Ad-Supported Streaming Growth Outpacing Subscriptions
Ad-Supported Streaming Growth Outpacing Subscriptions Driven by rise of fast linear adoption, as well as consumer desire for cost-effective streaming +21% Subscriber and +29% Ad-Supported HH Growth 77.7M 2020-2022 77.5M 71.5M 69.1M 64.5M 60.1M 2020 2021 2022 2020 2021 2022 Subscription Ad-Supported
Slide 10: Major Streamers Are Slashing Libraries & Raising Prices
Major Streamers Are Slashing Libraries & Raising Prices Despite consumer preferences for more options at cheaper prices Major streamers have practiced “shrinkflation” by slashing streaming offerings by tens of Library Size Declines vs. Price Increases of Major Streamers 2018 - 2022 thousands of titl
Slide 11: Cineverse is Well-Positioned in the Large, Growing Streaming Market
Cineverse is Well-Positioned in the Large, Growing Streaming Market 1 MARKET SIZE 2022 PROJECTED MARKET GROWTH 2020 - 2025 TOTAL GLOBAL MARKET ~$60B+ 13.4% CAGR U.S. ENTHUSIAST MARKET $3B+ $56M2 1. Source: PwC, Mirae Asset Securities; includes management estimates of enthusiast market of 5%. 2. Cine
Slide 12: The Cineverse Business Model
THE CINEVERSE BUSINESS MODEL 12
Slide 13: Cineverse Business Model: Three Key Revenue Streams
Cineverse Business Model: Three Key Revenue Streams Diversified revenue approach reaches wide base of consumers STREAMING DIGITAL, CTV, AND DISTRIBUTION & SUBSCRIPTIONS PODCAST ADVERTISING CONSUMER PRODUCTS 19% 56% 25% Users pay a monthly fee either Users watch and listen to our We sell content avai
Slide 14: A Diverse Portfolio of Enthusiast Channels
A Diverse Portfolio of Enthusiast Channels Widely available on most major streaming and CTV platforms across revenue models — AVOD, SVOD, TVOD and FAST. Complementary, not competitive, with major streamers. Coming Soon! Plus thousands of on-demand movies and shows. 14
Slide 15: Introducing Cineverse
Introducing Cineverse With global reach to drive engagement New enthusiast streaming service that will showcase the best of Cineverse’s films, series, channel brands, technology and social reach Super-serving audiences across multiple points of monetization (FAST, AVOD and SVOD) Focusing on passiona
Slide 16: Cineverse Has Achieved Scale
Cineverse Has Achieved Scale With considerable momentum across key metrics Total ad-supported streaming audience averaged ~72 million monthly viewers in Q4 FY 20231 ~72M 1.24M 3.0B ~24M Total streaming Total SVOD Minutes streamed Social media viewers1 subscribers in the quarter followers 1. Metric i
Slide 17: Annual KPI Results
Annual KPI Results Four-year view: fiscal years 2020 to 2023 Streaming & Digital Revenues Monthly Streaming Viewers1 CAGR +61% 87M $40M 72M $29M 23M 8M $10M $6M 2020 2021 2022 2023 2020 2021 2022 2023 Total SVOD Subscribers Film & TV Assets 1,240K 984K 60K 43K 679K 31K 121K 23K 2020 2021 2022 2023 2
Slide 18: The Four Pillars of Our Growth Strategy
Built to work synergistically to drive revenue growth and ROI Technology Innovation/AI TECHNOLOGY INNOVATION / AI – Expanding capabilities for direct-to-consumer apps and services, leveraging AI and Machine Learning to bring a next-generation partner and user experience. MATCHPOINT SAAS & PUBLISHER
Slide 19: FY 2024 Guidance
FY 2024 Guidance For the fiscal year ending March 31, 2024 Actual FY 2023 Actual FY 2023 Results FY 2024 $ in millions except for percentages Results (ex legacy Cinema Equipment Guidance Range (Consolidated) business) Total revenue $68.0 $56.0 $62.0 - $70.0 Gross margin 47% 36% 45% - 50% Adjusted EB
Slide 20: Cineverse Competitive Advantage
CINEVERSE COMPETITVE ADVANTAGE 20
Slide 21: The Competitive Landscape
The Competitive Landscape Focused on providing vast consumer choice at a great value Free / Low Price Vast majority of major streamers today focus on extracting high prices for very small to medium sized libraries Crackle Pluto Tubi Largest service, Tubi has approx. 40K titles, Roku Cineverse but ha
Slide 22: Competitive Advantage: Proprietary Streaming Technology
Competitive Advantage: Proprietary Streaming Technology Cineverse’s version of Bamtech Highly scalable app building - Next generation, fully automated Expansive analytics and full support for all streaming content & audience management. crystal-clear visualizations. platforms. Launch premium Deliver
Slide 23: MatchpointAi. Stream big.
MatchpointAi. Stream big. The only complete OTT technology solution. An innovative network of advanced streaming tools – offering an off-the-shelf package at a price that makes sense. Only on Matchpoint. MatchpointAi is a partner program offering a complete package of native, integrated and automati
Slide 24: Competitive Advantage: Experienced Management Team
Competitive Advantage: Experienced Management Team I N D U S T R Y L E A D E R S W I T H A H I S T O R Y O F I N N O V AT I O N CHRIS MCGURK JOHN CANNING TONY HUIDOR GARY LOFFREDO YOLANDA MACIAS ERICK OPEKA 25+ YEARS OF EXPERIENCE 25+ YEARS OF EXPERIENCE 25+ YEARS OF EXPERIENCE 20+ YEARS OF EXPERIEN
Slide 25: Competitive Advantage: Strategic M&A
Competitive Advantage: Strategic M&A L E V E R A G I N G T E C H N O L O G Y T O E N A B L E T H E S U C C E S S F U L I N T E G R AT I O N OF ACQUISITONS Focused on achieving greater audience and revenue scale and increasing technological moat vs. competitors Set the stage for significant annual re
Slide 26: 360-Degree Marketing Approach: Spotlight on Horror Vertical
360-Degree Marketing Approach: Spotlight on Horror Vertical Our approach is to produce and acquire content, then distribute and market it directly to large fan audiences across platforms—and replicate this model for other verticals Success of Terrifier 2 P R O D U C T I O N R E A C H / M A R K E T I
Slide 27: Bloody Disgusting
Bloody Disgusting The #1 entertainment destination for horror Horror is in-demand year-round by mainstream audiences as its popularity continues to grow. Horror content is wildly popular across streaming services and the genre continues to take home increasingly large shares of the box office year o
Slide 28: Investment Highlights
Investment Highlights Te c h n o l o g y & c o n t e n t - f i r s t a p p r o a c h t o d r i v e g r o w t h PROPRIETARY CONTENT TECHNOLOGY Extensive portfolio of 24 streaming services available under every business model Matchpoint - fully owned streaming, distribution and business intelligence p
Slide 29: Appendix
APPENDIX CINEVERSE
Slide 30: Financial Results FY24 Q1
Financial Results FY24 Q1 | 30 | CINEVERSE
Slide 31: Condensed Consolidated Balance Sheets
As of June 30, As of March 31, 2023 2023 (Unaudited) Cineverse Corp. Current assets ASSETS Condensed Cash and cash equivalents Accounts receivable, net $ 12,129 14,711 $ 7,152 20,846 Consolidated Unbilled revenue 2,247 2,036 Employee retention tax credit 1,773 2,085 Balance Sheets Prepaid and other
Slide 32: Condensed Consolidated Statements of Operations
(Unaudited) Three Months Ended Cineverse Corp. June 30, Condensed 2023 2022 Revenues $ 12,980 $ 13,590 Consolidated Costs and expenses: Direct operating 6,987 7,356 Statements of Selling, general and administrative 7,888 9,818 Operations Depreciation and amortization 822 1,000 Total operating expens
Slide 33: Condensed Consolidated Statements of Cash Flows
Cineverse Corp. Three Months Ended June 30, Condensed Cash flows from operating activities: 2023 2022 Consolidated Net loss Adjustments to reconcile net loss to net cash used in operating activities: $ (3,536) $ (5,987) Statements of Depreciation and amortization Allowance for prepaid advances 822 1
Slide 34: Adjusted EBITDA
Cineverse Corp. Adjusted EBITDA We present Adjusted EBITDA because we believe that Adjusted EBITDA is a useful supplement to net income (loss) from continuing operations as an indicator of operating performance. We also believe that Adjusted EBITDA is a financial measure that is useful both to manag
Slide 35: M&A Case Study: Digital Media Rights
M&A Case Study: Digital Media Rights Immediately provided Cineverse increased scale and growth Accretive acquisition significantly increased Cineverse’s library, channel portfolio, ad business and social footprint Added 10 new channels, 7,500 titles and an estimated 7.5 million monthly viewers New p
Slide 36: FAST Channel Case Study: Bob Ross & American Public Media
Fast Channel Case Study: Bob Ross & American Public Media Helping the world find its happy place As an early partner of Twitch, Cineverse identified the cross-generational appeal of renowned TV painter Bob Ross as a FAST channel opportunity Cineverse developed a game plan to create a channel that wo
Slide 37: Content Case Study: Terrifier 2
Content Case Study: Terrifier 2 Leveraging enthusiast media and vertical experts to drive repeatable revenue growth The leadership at Bloody Disgusting recognized Terrifier, a next-generation slasher horror film, as a diamond-in-the-rough property due to intense interest within our editorial publica
Slide 38: A Premier Streaming Technology & Entertainment Company
A PREMIER STREAMING TECHNOLOGY & E N T E R TA I N M E N T CO M PA N Y