Sonos Results Presentation Deck

Q1 Highlights NEAU Record Q1 results and increasing FY21 outlook across all metrics Record Q1 adjusted EBITDA margin of 25.8%, +920 bps from LY Record Q1 revenue of $645.6M, +15% from LY driven by continued DTC strength and strong product demand Record Q1 gross margin of 46.4%, +590 bps from LY driven by lower tariff duties, favorable product and channel mix and cost reductions Significant opex leverage driven by continued restructuring efficiencies and higher Q1 sales volume Free cash flow increased nearly 100% from LY to $203.2M Free cash flow / adj EBITDA conversion 122% Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures.

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