Sonos Results Presentation Deck

Fiscal 2022 Financial Summary $1,752 CC: +5% Reported: +2% NET REVENUE $1,261 FY2019 $89 $1,326 ADJUSTED EBITDA FY2019 FY2020 $109 FY2020 $1,717 FY2021 $279 FY2021 FY2022 $227 -19% FY2022 FY22 revenue adversely affected by $49M FX, or -3% y/y as well as softer consumer demand FY22 Adjusted EBITDA decline due to higher investments in the business, lower gross margin and lower revenue due to softer demand and FX Note: $ in millions (unless noted). Adjusted EBITDA and free cash flow are non-GAAP measures. "See appendix for reconciliation of GAAP to non-GAAP measures. GROSS MARGIN 41.8% FY2019 $97 43.1% FREE CASH FLOW FY2019 FY2020 $129 FY2020 47.2% FY2021 $208 FY2021 45.4% -180 bps FY2022 -$74 FY2022 FY22 gross margin impacted by elevated supply chain costs, including 2.5pts from spot market component buys and air freight, partially offset by lower promo and higher selling prices Free cash flow negative due to investment in inventory, softer consumer demand, FX and investments in the business

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