Atlanta Braves Holdings (BATRK) investor relations material

Executive summary

• Indirect ownership of a Major League Baseball franchise and a large mixed-use real estate development, with strong brand history and community engagement initiatives.

• 2025 revenue grew 11% to $732 million, with baseball revenue up 7% and mixed-use development revenue up 45%. Adjusted OIBDA rose 172% to $108 million, and operating loss improved by $26 million.

• Completed transition from Liberty Media, ending a services agreement in October 2025, and hosted first Investor Day in June 2025.

Voting matters and shareholder proposals

• Shareholders will vote on electing Wonya Y. Lucas as Class III director until 2029 and ratifying KPMG LLP as independent auditor for fiscal 2026.

• Board unanimously recommends voting FOR both proposals.

• Only Series A and Series B common stockholders may vote; Series C holders have no voting rights except as required by law.

• Shareholder proposals for the 2027 meeting must be submitted by December 3, 2026, for proxy inclusion.

Board of directors and corporate governance

• Board consists of four directors divided into three classes, with annual elections for one class.

• 75% of directors are independent; all committees are chaired by independent directors.

• Board diversity is emphasized, with a mix of gender and demographic backgrounds.

• Board leadership combines CEO and Chairman roles for strategic alignment; independent directors meet in executive sessions.

• Proxy and Voting Agreement gives one director control over 44% of voting power via Series B shares.