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Sonos Q2 2022 Financial Summary / Report

Investing in Business and Driving OpEx Leverage

Sonos continues investments in product development, sales, marketing, and infrastructure while managing operating expense growth below revenue growth to improve operational leverage

Slide 6 of 19

  1. Sonos Q2 2022 Financial Summary 01
  2. Forward-Looking Statements and GAAP Measures 02
  3. Q2 Highlights — Revenue, Margin, EBITDA 03
  4. Record Q2 Revenue, Strong Growth, Stable Profitability 04
  5. Increased Supply Chain Costs 05
  6. Investing in Business and Driving OpEx Leverage 06
  7. Cash Flow and Balance Sheet Highlights 07
  8. FY22 Outlook and Financial Guidance 08
  9. FY22 Outlook — Maintain Revenue Guidance, Reduce Margins 09
  10. Long Term Opportunity and Strategic Growth 10
  11. FY2024 Financial Targets — $2.5B Revenue, 45-47% Margin 11
  12. Key Drivers of Long Term Growth 12
  13. Our Long Term Opportunity: Households 13
  14. Our Long Term Opportunity: Revenue 14
  15. Appendix with Financial Schedules 15
  16. Non-GAAP Measures and Reconciliation Details 16
  17. Reconciliation of Net Income to Adjusted EBITDA 17
  18. Reconciliation of Cash Flow from Operating Activities 18
  19. Sonos Brand Mark and Closing 19

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