Blackberry Limited · TSX:BB
Blackberry — Shareholder Meeting (June 2025)
13 slides from Blackberry's shareholder meeting presentation, Jun 25, 2025
Slide 1: 2025 AGM
2025 AGM June 25, 2025 © 2024 BlackBerry. All Rights Reserved 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Some of the statements in this presentation constitute forward-looking statements and are made pursuant to the safe harbor provisions of applicable U.S. and Canadian securities laws. Forward-looking statements are indicated by using words such as expect, will, should, model, in
Slide 3: John Giamatteo, Chief Executive Officer
John Giamatteo Chief Executive Officer © 2025 BlackBerry. All Rights Reserved 3
Slide 4: 2025 In Review
2025 In Review Notable Progress in Forging a New Future to Create Shareholder Value FY 2025 Accomplishments 1 Strengthened Portfolio Separation of the company into 2 virtually-autonomous divisions Strategic decision to divest Cylance with increased focus on QNX and Secure Communications 2 Fundam
Slide 5: Strengthened Portfolio with Relaunch of QNX Brand and Focus on Secure Communications
1 Strengthened Portfolio with Relaunch of QNX Brand and Focus on Secure Communications Relaunched QNX Brand to Reinforce Leadership in Following Sale of Cylance, Increased Focus on Secure Automotive and General Embedded Industries Communications with Improved Financial Profile Clear Automotive Leade
Slide 6: Improving & Stabilizing Business Fundamentals
2 Improving & Stabilizing Business Fundamentals QNX Royalty Backlog Secure Communications ARR and DBNRR US$ millions US$ millions / % $865 $815 $215 $211 $640 $209 $208 Backlog at 95% $460 ~3.7x FY25 $202 Revenue $199 $199 93% 93% 93% $198 91% 91% 91% ~23% CAGR 89% Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q1
Slide 7: Proven and Consistent QNX Revenue Growth
2 Proven and Consistent QNX Revenue Growth Track Record of Double-digit Revenue Growth Leveraging dominant Example Automotive Wins market position to win US$ millions outsized share of Americas future market growth 50% 10/10 Top Automakers $236 7/7 Top T1 OEMs Example GEM Wins $206 $215 10% CAGR 24/
Slide 8: Cash generator for higher-growth parts of business
2 Cash generator for higher-growth parts of business Secure Communications Adj. EBITDA Stable Cash Generation Used to Fuel FY25 | US$ millions Organic investments primarily in QNX $52M Potential Share buy-backs 19% Opportunistic M&A to accelerate QNX growth and adjacent expansion Adj. EBITDA Margin
Slide 9: Created a More Resilient Earnings Profile
3 Created a More Resilient Earnings Profile QNX has significant growth opportunities as a clear market FY231 FY25 Change leader with multi-year secular tailwinds and deep competitive moat and generates meaningful positive Adj. EBITDA Adj. COGS 34% 26% 800 bps improvement Secure Communications is a s
Slide 10: Significant Transformation in Cashflow Profile
4 Significant Transformation in Cashflow Profile Enhanced Cashflow Profile Strengthened Balance Sheet $17 Reduced Gross Debt / Increased Net Cash Operating Cashflow US$ millions US$ millions FY23 FY24 FY25 $365 -$4 Gross Debt Net Cash • Significant cost reductions to lead $200 $200 transformation ba
Slide 11: Driving Shareholder Returns by Prudently Allocating Capital
5 Driving Shareholder Returns by Prudently Allocating Capital Leverage 3 profitable divisions …to accelerate value creation FY25 Adj. EBITDA and Adj. EBITDA Margin Share buy-back US$ millions Approved Share buy-back program May 2025 $59 $52 Near-Term Priorities Leverage strength of BlackBerry’s grea
Slide 12: Looking Forward to FY2026 and Beyond
Looking Forward to FY2026 and Beyond Strengthen Secure Execute on path towards Communications portfolio to be Approved Share buy-back program “Rule of 40” for QNX division: a reliable source of EBITDA: Strengthened GEM Go-to-Market Managing cashflow and profitability Streamlined GTM Leverage New Pro
Slide 13: Thank You
Thank You © 2025 BlackBerry. All Rights Reserved 13