Sonos Results Presentation Deck

Gross Margins Pressured by Transitory Effects Gross margin declined -720bps y/y driven by: ● Timing of spot buys due to component shortages Increased reserves for excess component inventory Partially offset by lower air freight costs and higher selling prices ● 47.5% 4Q20 46.4% 4Q21 Note: Unaudited. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. 39.2% 4Q22 45.5% FY23 - guide midpoint

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