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Sonos Results Presentation Deck

FY21 Outlook: Profit Margin Expansion Continues; Strong Demand Adjusted EBITDA Adjusted EBITDA Margin Gross Margin Revenue % growth (52 wk vs 52 wk) % growth (as reported) Other Key Assumptions: Tariffs DTC as % of revenue FY20 Actuals $108.5 million 8.2% 43.1% $1.326 billion 3% 5% $32 million 21% Note: Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. We do not provide a reconciliation of forward-looking non-GAAP measures to their comparable GAAP financial measures. See "Non-GAAP Measures" for more information. FY21 Outlook speaks only as of the date of this presentation. See "Forward-Looking Statements" for more information. FY21 Outlook $170 million $205 million 12% -14% 45.3% - 45.8% 11 $1.44 billion - $1.5 billion 11% - 15% 9% -13% Minimal tariff expense; no tariff refund assumed Similar to Fiscal 2020 %
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