Blue Ant Media (BAMI) Investor Presentation summary

Key investment highlights

• Profitable, growing media company with $204M revenue and $37.1M Adjusted EBITDA in FY25, maintaining an 18% revenue CAGR from 2020-2025 and five consecutive years of positive operating cash flow.

• Strong cash and liquidity position with $54.4M cash as of August 31, 2025, $13.6M received from RTO, and up to $34.7M expected by March 2026, supporting organic growth and disciplined M&A.

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

• Accomplished management team with a track record of major exits totaling $2.3B in equity value and a disciplined capital allocation strategy.

Business model and operations

• Operates as a streamer, producer, and distributor, with 8,000+ hours in its catalogue (about half owned IP), selling content to 100+ countries and 300+ platforms.

• Monetizes content through licensing, subscriptions, and advertising, including ad sales on owned and third-party streaming channels and Canadian Pay TV channels.

• Owns and operates 7 Canadian Pay TV channels, global channels like Love Nature, and live event consumer shows, driving high cash conversion.

• Focuses on lower-cost, lower-risk unscripted TV genres, growing its owned IP from 1,500 hours in 2014 to over 8,000 hours in 2024.

Market trends and growth drivers

• TV and video consumption remain strong, 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, with a 21.5% CAGR.

• Smart TV adoption is fueling ad revenue growth, with 90% of U.S. households owning a smart TV and international market expected to reach $436.4B by 2030.

• The company is well-positioned in the smart TV ad market through its MediaPulse platform, delivering 150+ million monthly ad impressions.