Angel Studios : Investor Presentation

About this update from Angel Studios, Inc.

Investor Report Q1 202G The Angel Team Experienced leadership team across entertainment, technology, and public markets. Neal Harmon Chier Executive Orficer CEO and co-rounder or 6ngel Studios, producer or hits like Sound or Freedom and The Chosen. Founded in 2013 to champion uplirting ramily stories Co-rounded Orabrush and Harmon Brothers Holds a B6 and MS rrom Brigham Young University Scott Klossner Chier Financial Orficer Over 35 years experience in finance leadership and growth strategy ror public companies listed on N6SD6Q and NYSE Holds a BS rrom University or Utah and MB6 rrom University or Southern Calirornia Luk Janssens Investor Relations 25 years experience in Fund Management, Equity Research, Investment Banking, and IR Previously head or IR ror Darktrace, a FTSE100 Cyber 6I company Part or the leadership team that managed Europe's most successrul tech IPO or 2021 raising >$250m Jeanette Masters Investor Relations 6ssisted the CEO and CFO throughout 6ngel's process or going public, supporting strategy, messaging, and market preparation Holds a BS in Business Marketing rrom University or Phoenix Why Angel Studios? "Hollywood is out or touch with its audience. Our ramily asked: where are the good movies?" - Neal Harmon, CEO STREAMING TV & Film streaming app, 2.22m monthly paying Guild members, 72% of Q1 2026 total revenues for Angel THEATRICAL 10 theatrical releases in 2026, brand leadership for Angel, main source of new paying Guild members for the streaming service LICENSING As the tech & distribution partner for a wide variety of TV & Film, Angel also licences film and TV shows for SVOD/PVOD Q1 2026 Highlights 6ngel is changing the way streaming film and TV series are being curated - and the results speak ror themselves. 2.22M Guild Members 100% Growth YoY* Total Revenue $115.1M +143% Growth YoY 72% Guild Revenue of Total 140.2% Growth YoY Average Revenue Per Member (Trailing Twelve Months) Cumulative Revenue Share to Filmmakers $13.66 $255M * 6s or March 31, 202G TV & Film Streaming Platrorm 3 Key Differentiators CURATION Angel founders democratised the curation of TV & Film by allowing Guild Members to vote-and it's working. Rotten Tomatoes scores are industry leading. VALUES-BASED FILMS & TV SERIES Angel stories amplify light. Guild members choose excellent stories that are true, honest, noble, just, authentic, lovely, or admirable. REVENUE SHARE Angel directly shares theatrical and streaming licensing revenue with the owners of the IP, which attracts top level talent. Angel does not take the risk of production on the balance sheet. The Guild Curates Films & TV Series Like a 24/7 film restival, Guild Members receive early access to view films and series, orrer direct reedback to filmmakers, and vote, playing a key role in selecting the movies that get made. Find Areas of Improvem ent Learn more at https://www.angel.com/filmmakers The Angel Guild Predicts Winners 63% 81% 81% 74% 71% 56% 6verage Rotten Tomatoes Popcornmeter ror wide releases by studio 2023-2025* * https://www.rottentomatoes.com (Data sourced 6pril 22, 202G) Values Based Films & Series The Angel Guild Pledges to Amplify Light "When I vote, I pledge to help choose excellent entertainment that is true, honest, noble, just, authentic, lovely, admirable or joyrul." Filmmaker Revenue Share * * Angel Attracts filmmakers COMPETITIVE: 6ngel's revenue share model replaces the large uprront advances paid by legacy streamers with perrormance-based revenue share, aligning incentives with film and TV show owners rather than competing on check size. BEST FILMS & TV SHOWS: 6ngel's revenue share model is more attractive to film and TV show owners, as the best stories share in the greater upside. GROWING REV SHARE: The streaming platrorm (excluding theatrical, licensing, and other rorms or revenue) is annualizing at $3G5m (and growing strongly) and provides a large and growing revenue share pool. Angel Guild Streaming Profits All Distribution Profits CUMULATIVE FILMMAKERS EARNED SINCE INCEPTION* $254,643,348 As of March 31, 2026 * Based on Angel's internal figures. Learn more at https://www.angel.com/filmmakers ** Typical model based on standard Angel distribution framework; actual participation varies by project Theatrical is a Growth Engine for the Guild INCREASES BRAND AWARENESS Converts audiences into Guild members Expands top-or-runnel lead generation at scale IRL (In Real Lire) experiences are very popular ATTRACTS PREMIUM FILMMAKERS Theatrical distribution signals legitimacy and reach Draws higher-quality creators to the platrorm Strengthens long-term Guild library EXPANDS AUDIENCE DEMOGRAPHICS Each genre reaches new and broader audiences Brings in customers who wouldn't otherwise discover 6ngel Diversifies and grows the Guild base The Guild is the core or 6ngel's business model The Angel Guild is Growing 2.22M+ Members* *6s or March 31, 202G Guild Revenue Growth $210M G5% or Total $36M 37% or Total $3M 1% or Total +1128% YoY +488% YoY $ R 3 U 6 N 5 RA M TE * or recurring annualized revenue rrom the Guild *Based on 2.22m paying Guild Members (Mar 202G) on average paying $13.G9 (trailing twelve month average) times twelve months is $3G4.7m annualized recurring revenue Market Opportunity Streaming is growing raster than box orfice, while theatrical releases show stronger streaming results. By letting viewers decide, not Hollywood executives, 6ngel discovered a massive, underserved market ror values-based entertainment. TOTAL ADDRESSABLE MARKET US VIDEO STREAMING** GLOBAL VIDEO STREAMING** GLOBAL NETFLIX (US) 81M* ANGEL GUILD 2.22M Current Guild Members = 2.2M 35x to achieve Base T6M C6GR or 21% rrom 2025 to 2034 C6GR or 20.90% rrom 2025 to 2034 Sources: *Netflix US Subscribers ( https://www.demandsage.com/netflix-subscribers/ ) https://www.precedenceresearch.com/video-streaming-market **Projected Guild Members' Location Built on Technology 6 Technology-Powered Studio INTEGRATED TICKETING First platform to integrate ticketing directly into the app. Flexible booking gives members seamless access to theatrical releases. FIRST-PARTY DATA Every ticket, view, and interaction tracked end-to-end. We trace conversions back to the specific ad or message, allowing us to approach break-even on theatrical spend. 80+ ENGINEERS 80 product and engineering team members building proprietary technology, with AI accelerating R&D across the platform. Today, most of our 300+ team members are building with AI. Investor Relations angx.com Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

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