Reservoir Investor Presentation Deck

Strong Growth Track Record & Forecast - Raised Fiscal Year Outlook ($ in millions) REVENUE ADJUSTED EBITDA $63 $9 $54 FY2020 ■ Publishing Prior Fiscal 2023 Outlook REVENUE CAGR: 31% $80 $14 $66 $116 - $121 $44 - $47 FY2021 ■ Recorded Music & Other $108 $31 $77 FY2022 Current Fiscal 2023 Outlook $118 - $122 $45 - $47 ● Strength & Diversity of Catalog Growth (at mid-point) • Value Enhancement Success CORE DRIVERS ● 11% ● 11% Strong Execution in Futures Business Opportunistic, Accretive M&A R

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