Reservoir Media (RSVR) Investor presentation summary

Company overview and strategy

• Operates as a leading, diversified independent music publishing and recorded music business with a vast catalog spanning genres and geographies.

• Focuses on acquiring hit song catalogs, investing in frontline songwriters and artists, and building a global network of partners.

• Recognized for industry leadership, with multiple awards and a highly experienced team.

• First female-founded and led publicly traded music company in the U.S.

• Offices in major music hubs worldwide and a market cap of $642M as of March 31, 2026.

Investment highlights and growth drivers

• Deployed $1.2B in capital since inception, with $980M in catalog and company acquisitions and $210M in futures spend.

• Maintains a robust M&A pipeline with 100+ targets valued over $1B as of March 2026.

• Catalog includes 150K+ copyrights and 36K+ masters, with high gross profit retention for both publishing and recording segments.

• Industry growth supported by digital, streaming, and emerging markets, with a projected 6% annual growth through 2035.

• Value enhancement initiatives include synchronization, digital licensing, settlements, and educational programs.

Segment performance and diversification

• Music publishing segment holds 150K+ copyrights, with no single composition accounting for more than 2% of revenue.

• Recorded music segment owns 36K+ master recordings, with no track exceeding 4% of net label share.

• Revenue is geographically diversified (46% USA, 54% ex-USA) and spans multiple genres and decades.

• Top songs and tracks are well-diversified, with 80% of revenue coming from over 1,000 songs and 481 recordings, respectively.