Sonos Results Presentation Deck slide image

Sonos Results Presentation Deck

Strong Revenue Growth While Investing in the Future Q1 Revenue $645.6 CC: +12% Reported: +15% 1Q21 Americas (57% of sales): +21% y/y EMEA (37% of sales): +13% y/y APAC (6% of sales): -17% y/y Q1 Adjusted EBITDA $166.3 25.8% margin 1Q21 $664.5 CC: +4% Reported: +3% 1Q22 Americas (56% of sales): +2% y/y EMEA (37% of sales): +2% y/y APAC (7% of sales): +18% y/y $163.1 24.6% margin 1Q22 $672.6 CC: +7% Reported: +1% 1Q23 Americas (59% of sales): +6% y/y EMEA (36% of sales): -2% y/y APAC (5% of sales): -21% y/y $123.9 18.4% margin 1Q23 Revenue +7% constant currency, or +1% reported to $672.6M driven by: O Higher volume resulting from higher Registrations +27% y/y while products sold +4% y/y 1Q23 registrations faced favorable comparison as 1Q22 registration growth declined -24% y/y due to product supply constraints, timing of channel fill and low holiday promotional activity O promotional activity Improved product supply Offset by unfavorable FX ($39M) headwind Adjusted EBITDA declined to $123.9M, margin of 18.4% O O Decline driven by -540bps of GM contraction and investments in the business and (see slide 5) FX approximated to be $35M headwind to Adjusted Note: $ in millions (unless noted), unaudited. Adjusted EBITDA and constant currency are non-GAAP measures. See appendix for reconciliation of GAAP to non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. 4
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