Blue Ant Media (BAMI) Investor presentation summary

Key investment considerations

• Achieved $204M revenue and $37.1M adjusted EBITDA in FY2025, with 18% revenue CAGR from 2020–2025 and five consecutive years of positive operating cash flow.

• Maintains a strong cash position ($34M at Q1'26) and expects an additional $34.7M capital contribution by March 2026, supporting organic growth and disciplined M&A.

• Recent acquisitions include MagellanTV (Oct. 2025) and Thunderbird Entertainment (Jan. 2026), adding scale, content, and expected $7M in synergies.

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

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

Market overview 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, at a 21.5% CAGR.

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

• The media sector is fragmented, with legacy players facing debt and underperforming assets, creating M&A opportunities for well-capitalized companies.

Business model and monetization

• Monetizes content IP through licensing, subscriptions, and advertising across global platforms.

• Owns and operates 7 Canadian Pay TV channels, global channels like Love Nature, and multiple streaming platforms.

• Smart TV ad sales (Media Pulse) deliver 150M+ monthly ad impressions, monetized through owned and partner channels.

• Production and distribution segment specializes in unscripted, animation, and service production, with a growing catalogue of 9,000+ hours (about half owned).

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