Sonos Results Presentation Deck slide image

Sonos Results Presentation Deck

Summary Financial Overview Americas % y/y EMEA % y/y APAC % y/y Total Revenue % y/y % y/y - CC Gross Profit % gross margin Non-GAAP Operating Expenses R&D % of revenue S&M % of revenue Adjusted G&A % of revenue Total Operating Expenses % of revenue Adjusted EBITDA % margin Cash From/(Used in) Operations Capex Free Cash Flow 2018 $603 $479 $55 $1,137 $489 43.0% $128 11.3% $255 22.4% $77 6.7% $460 40.4% $69 6.1% $31 $(36) $(5) 2019 $678 12% $485 1% $98 78% $1,261 11% 13% $527 41.8% $154 12.2% $235 18.6% $88 7.0% $476 37.8% $89 7.0% $121 $(23) $97 2020 $756 11% $471 (3%) $100 2% $1,326 5% 6% $572 43.1% $185 13.9% $229 17.3% $85 6.4% $499 37.7% $109 8.2% $162 $(33) $129 2021 $981 30% $618 31% $117 18% $1,717 29% 26% $810 47.2% $204 11.9% $261 15.2% $100 5.8% $565 32.9% $279 16.2% $253 $(46) $208 2022 $1,044 7% $578 (7%) $130 11% $1,752 2% 5% $796 45.4% $222 12.7% $265 15.1% $120 6.8% $607 34.6% $227 12.9% $(28) $(46) $(74) Guidance Midpoint 2023 $1,650 (6%) (3%) $735 44.6% $153 9.3% Note: $ in millions (unless noted), CC = constant currency, unaudited. FY23 guidance as of the date of this presentation. Non-GAAP operating expense figures exclude excluding stock-based compensation, legal and transaction related fees, amortization of intangibles, restructuring, and lease abandonment costs Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. Adjusted EBITDA, Adjusted EBITDA margin and free cash flow are non-GAAP measures. *See appendix for reconciliation of GAAP to non-GAAP measures 28
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