Sonos Results Presentation Deck

FY20 Highlights Record 10.6% fiscal 2020 adjusted EBITDA margin ex-tariffs and on track to deliver 12%-14% next year- ahead of prior targets 15th consecutive year of revenue growth fueled by demand for new products, with revenue +3% excluding 53rd week Record FY gross margin +370 bps ex-tariffs driven by favorable product and channel mix and cost reductions Continued investment in R&D to fuel future product and service roadmap offset by significant S&M and G&A leverage ex restructuring and legal costs Record growth in net new households and a record number of additional purchases by existing households Free cash flow / adj EBITDA conversion nearly 120% Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures.

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