Sonos Results Presentation Deck

Fiscal 2023 Financial Summary NET REVENUE $1,261 2019 89 $1,326 ADJUSTED EBITDA 2019 2020 109 2020 $1,717 $1,752 2021 279 2021 2022 227 2022 $1,655 CC: -3% Reported: -6% 2023 154 2023 FY23 revenue adversely affected by partner channel inventory reductions, softer consumer demand in the second half of the year and $39M FX headwind (-220bps y/y), partially offset by favorable product mix and new product introductions FY23 Adjusted EBITDA decline driven by lower revenue, gross margin contraction and ongoing investments in product roadmap 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% 2019 97 43.1% FREE CASH FLOW 2019 2020 129 2020 47.2% 2021 208 2021 45.4% 1 2022 2022 43.3% (74) 2023 50 2023 FY23 gross margin was impacted by return to normal level of promotional activity versus FY22, higher component costs, 120 bps FX headwind, and over 100 bps of excess component provisions, partially offset by fewer spot component purchases, price increases and lower air freight expense FY23 FCF turned positive primarily due to working capital improvements 7

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