Reservoir Investor Presentation Deck

Strong Growth Outlook & Operating Leverage 6% Growth $122 $129 Revenue 9% Growth $46 $50 Adjusted EBITDA ■FY 2023A ■FY 2024E 38% 39% Adj. EBITDA Margin • Assumes $28M of reinvestments into new deals for Fiscal 2024 • Assumes a mix of publishing and recorded catalog acquisitions, as well as futures 27 R

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