Blue Ant Media (BAMI) investor relations material

Business model and market

• Integrated operations span content development and production, worldwide distribution, and owned streaming and broadcast platforms.

• Most customers are in the U.S., Europe, the U.K. and other international markets; delivery is technology-agnostic across streaming, cable and other channels.

• Historical reporting segments through Aug. 31 were Global Channels and Streaming, Production and Distribution, and Canadian Media; segment structure was revised shortly before the presentation.

• Global Channels and Streaming includes subscription and ad-supported channels plus smart-TV ad sales; Canadian Media includes seven Canadian TV channels and 10 consumer shows.

• Management said video viewing averages three hours per day, with streaming adding new ways to watch rather than replacing TV consumption.

Content strategy and industry outlook

• Crew Girl launched on Netflix in September, reached No. 1 on the service, and received a season-two renewal four days after season one began.

• Kim's Convenience was licensed to Peacock; the Mike Holmes library is reused on the Homeful channel and relicensed to HGTV.

• Focus genres include wildlife and natural history, young adult, kids, animation and unscripted; management favors formats with international appeal and long shelf lives.

• AI use is exploratory, focused on routine back-office work and potential post-production efficiencies, while supporting rather than replacing the creative process.

• Management said streamers are more often buying selected rights rather than financing and owning worldwide rights; this can preserve more IP and usage rights.

Financial position and performance

• Revenue through Q3, ended May, was CAD 276M versus CAD 140M in FY2025; adjusted EBITDA was described as strong.

• At Q3, cash was CAD 59.9M, undrawn credit facilities were roughly CAD 74M, and total corporate debt was CAD 10M.

• Earnings are traditionally weighted to Q3 and Q4, May through August; management said this year was particularly back-end weighted.

• Revenue and earnings posted strong compound growth over 2020–2025, a period that included pandemic-related disruption to consumer shows and production.