Curiositystream Inc. · NASDAQ:CURI
Curiositystream — Q1 2021 Earnings Presentation
21 slides from Curiositystream's earnings presentation, Aug 7, 2021
Slide 1: Investor Presentation First Quarter 2021
Investor Presentation First Quarter 2021
Slide 2: Disclaimer
Disclaimer Except for statements of historical fact, information contained in this presentation may constitute "forward-looking statements“ within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current v
Slide 3: CuriosityStream at a Glance
CuriosityStream at a Glance Our Mission To satisfy humanity’s enduring curiosity about our 3,000+ ~16mm world with premium factual content that informs, Available Titles Paid Subscribers enchants and inspires Globally FEATURED 106% 75%+ 52 m 97 % 2-Year Revenue Subscribers on CAGR David Attenborough
Slide 4: CuriosityStream's Monetization Methods
CuriosityStream’s Monetization Methods CuriosityStream’s omni-channel distribution strategy reduces friction, meeting users where they are and tapping multiple revenue streams to maximize monetization of its asset base % of 2020 Revenue Core Subscription Business ▪ Foundation of future video consump
Slide 5: Key Milestones
Key Milestones Initial Product CuriosityStream Becomes Heritage Expansion & Growth a Public Company February 2021 $100mm Follow-on 1982 John Hendricks founded October 2020 Cable Educational CuriosityStream Networks or the begins trading Discovery Channel publicly o June 2020 NASDAQ 1985 Bill Goodwyn
Slide 6: Investment Highlights
Investment Highlights Favorable • Massive increase in video consumption in various formats and genres 1 Industry • Exponential growth in streaming and over-the-top services Dynamics • Lower content production costs resulting in higher ROIs • Over 3,000 HD & 4K titles Valuable and • Higher production
Slide 7: Why We Win
Why We Win CuriosityStream Is CuriosityStream Is NOT ✔ Evergreen factual content with broad appeal Scripted content that is more challenging to localize Content Genre ✔ Transcends geographical boundaries, age Content with a limited demographic or meant for demographics and generations live consumpti
Slide 8: CuriosityStream is Pursuing Large Markets
CuriosityStream is Pursuing Large Markets World's factual content solution for consumers, distributors, corporations, associations, educational institutions, brands, and media companies Monetization Channel Global Addressable Market 1 DTC $75bn (1) (2) 2 Bundled Distribution $189bn (1) 3 Program Sal
Slide 9: Leader in Factual Content with Depth Across Categories
Leader in Factual Content with Depth Across Categories 3,000+ Titles Span the Full Category of Factual Entertainment • Attractive cost position per hour of programming • ~1/3 original content production & ~2/3 licensed programming • Factual content is superior for cost-effective localization • Data-
Slide 10: Elite Veteran-Led Management Team
Elite Veteran-Led Management Team Clint Stinchcomb Jason Eustace Tia Cudahy Bill Goodwyn Devin Emery President and CEO Chief Financial Officer Chief Operating Officer Chief Revenue Officer Chief Product Officer and General Counsel and EVP Strategy, Business and EVP, Content Strategy Development & Pa
Slide 11: Growing Brand Awareness with Loyal Following
Growing Brand Awareness with Loyal Following Strong DTC Subscriber Growth Momentum Backed by Robust Internal KPIs 75%+ of DTC are Annual Subscribers 100% ofviewed all library titles have been In the last 90 days Q1 ‘20 Q2 ‘20 Q3 ‘20 Q4 ‘20 Q1 ‘21 ~60% / ~40% Male / Female Active O&O Users Users Lovi
Slide 12: DTC / Partner Direct Distribution
DTC / Partner Direct Distribution DTC / O&O Partner Direct Pay anywhere, watch anywhere Pay in one app, watch in one app Web Mobile Apps TV Full cross platform access, Limited access, frictionless user experiences for highest ARPU user base users who want to add non-fiction into an app they are alre
Slide 13: Global Bundled Distribution
Global Bundled Distribution Bundled pay TV distribution in 83 countries in 5 languages: English, Mandarin, Spanish, Swedish, Russian ✓Long term recurring revenue via multi-year fixed fee agreements ✓Control global rights to most content ✓Factual travels better than any other category 13
Slide 14: Program Sales: The Factual Solution for Media Companies
Program Sales The Factual Solution for Media Companies • Tapping the $120bn+ spent in non-sports content annually (1) • Multi-year, multi-million dollar program sales agreements • High-visibility de-risked commitments to blue chip feature docs and science & history series Representative Programs Rep
Slide 15: Platform for Growth
Platform for Growth 5 Monetizing Content Through Program Sales • Multi-year agreements provide 3 attractive, predictable revenue Price Elastic Demand for Premium • Upside opportunity in Factual Content international markets upon • Loyal subscriber base, growing return to travel (post-COVID) demand f
Slide 16: Corporate & Association Partnerships
Corporate & Association Partnerships Representative Constructs • Primary focus on multiyear, multimillion dollar partnerships with corporations and associations • Deal elements include co-branded member Member/Trade Association streaming services powered by Curiosity, joint content creation, brand a
Slide 17: Advertising / Sponsorship Strategy Driven by Branded Media
Advertising / Sponsorship Strategy Driven by Branded Media We work with brands to create endemically or thematically relevant content partnerships that utilize our leading factual content distribution network (SVOD, AVOD, TV, Audio, etc.) to connect CuriosityStream's learning-loving audience with st
Slide 18: Financial Overview
Curiosity STREAM Financial Overview
Slide 19: Key Financial Highlights
Key Financial Highlights • Increased cash flow from financing activities to $149 million, ending the quarter with $178 million in cash, cash equivalents, restricted cash Q1 2021 Highlights and available-for-sale investments 33% $10mm • Increased 2021 revenue visibility from 80% to YoY Revenue Q1 Rev
Slide 20: Superior Topline Growth
Superior Topline Growth Revenue Channel Revenue 2020(1) ($ in millions) 16% 49% 35% Total Subscriber Growth (1) 2018 Q1 ‘21 Guidance 20 (1) as of December 31, 2020
Slide 21: Thank you!
Curiosity “| STREAM “gs | Thank you!