Blue Ant Media (BAMI) Investor presentation summary

Key investment highlights

• Profitable, growing media company with $204M revenue and $37.1M adjusted EBITDA in FY25, and an 18% revenue CAGR from 2020-2025.

• Maintains strong cash and liquidity, with $34M cash at Q1'26 and up to $34.7M additional capital expected by March 2026.

• Diverse revenue streams across geographies, platforms, and content genres, with a scalable distribution model.

• Proven management team with a track record of value creation and disciplined capital allocation.

• Five consecutive years of positive operating cash flow and strong return on capital employed (18% in FY25).

Market and industry trends

• TV and video consumption remain robust, with streaming now accounting for 45% of U.S. TV viewing as of January 2025.

• Global streaming market projected to grow from $129.3B in 2024 to $416.8B by 2030, a 21.5% CAGR.

• Smart TVs are driving digital video growth, with 90% U.S. household penetration and global market expected to reach $436.4B by 2030.

• Media sector is fragmented, with legacy players facing debt and underperforming assets, creating M&A opportunities.

• Advertisers are shifting spend to digital and smart TV platforms, fueling new revenue streams.

Business model and monetization

• Monetizes content IP through licensing, subscriptions, and advertising across 100+ countries and 300+ platforms.

• Owns and operates 7 Canadian Pay TV channels, global channels like Love Nature, and the Magellan SVOD service.

• Smart TV ad sales (Media Pulse) deliver 150M+ monthly ad impressions in North America.

• Produces and distributes both owned and third-party content, with a focus on unscripted, lower-cost genres.

• Canadian media segment generates high free cash conversion, supporting global investments.