Slides
Page 1
Spin Master Q3 and YTD 2026
Page 2
Disclaimer This presentation of Spin Master Corp. (“Spin Master” or “the Company”) contains certain statements, other than statements of historical fact, which constitute “forward-looking information” within the meaning of applicable securities laws, including the Securities Act (Ontario). Such statements may concern the Company’s objectives, plans, goals, aspirations, strategies, financial condition, results of operations, cash flows, performance, prospects and opportunities and specific forward-looking statements in this presentation include, without limitation, statements with respect to: future growth expectations in 2026 and beyond; content, digital game and product pipeline and launches; drivers and trends for such growth and financial performance; the successful execution of its strategies for growth; the integration of and benefits from acquisitions; financial position, cash flows, and financial performance; and CSR priorities and goals. Forward-looking statements are necessarily based upon management’s perceptions of historical trends, current conditions and expected future developments, as well as a number of specific factors and assumptions that, while considered reasonable by management as of the date on which the statements are made in this presentation, are inherently subject to significant business, economic and competitive uncertainties and contingencies which could result in the forward-looking statements ultimately being incorrect. By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. Known and unknown risk factors, many of which are beyond the control of the Company, could cause actual results to differ materially from the forward-looking information in this presentation. Such risks and uncertainties and the material factors and assumptions used to develop the forward-looking information herein include, without limitation, those discussed in the Company's disclosure materials, including the Management's Discussion and Analysis dated March 4, 2026 for the three months and year ended December 31, 2025 (the "Annual MD&A") or subsequent, most recent interim Management's Discussion and Analysis dated October 29, 2026 for three and nine months ended September 30, 2026 (the “MD&A”) and the Company's most recent Annual Information Form, filed with the securities regulatory authorities in Canada and available under the Company's profile on SEDAR+ (www.sedarplus.com), including those listed within any forward- looking statement safe harbour therein. The risk factors are not intended to represent a complete list of the factors that could affect the Company and investors are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided as of the date of this presentation and for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. This presentation uses certain financial measures and ratios that do not have any standardized meaning prescribed by International Financial Reporting Standards (“non-GAAP”) and therefore may not be comparable to similar measures presented by other issuers. ©2026 Spin Master. All Rights Reserved.2
Page 3
Leading Global Children’s Entertainment Company with a Diversified Multi-platform Portfolio. Reimagining Everyday Play VISION ©2026 Spin Master. All Rights Reserved.3 Toys Be a global leader in Toys by creating play experiences that spark creativity and imagination in kids and families globally. Entertainment Be a leading global creator of children’s entertainment, igniting imaginations and deep character connections. Digital Games Create exceptional digital play experiences for kids of all ages around the world.
Page 4
Three Creative Centres ©2026 Spin Master. All Rights Reserved.4 Creates, designs, manufactures, licenses and markets consumer products. With worldwide toy distribution, Spin Master is best known for its innovation in toys and games including its own award-winning brands and is the global toy licensee for other iconic properties. Creates, develops, produces and distributes compelling multi-platform content for children and families globally through its in-house studio and partnerships with outside creators, including the preschool franchise PAW Patrol® and numerous other original shows, short-form series and feature films. Develops, markets and delivers digital games, anchored by the Toca Boca® and Piknik brands, offering open-ended and creative game and educational play in digital environments. Wheels & Action Outdoor Activities, Games & Puzzles and Dolls & Interactive Preschool, Infant & Toddler and Plush Toys Entertainment Digital Games
Page 5
2026 Q3&YTD Highlights 1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliations of Adjusted Net Income, Adjusted Operating Income and Adjusted EBITDA are included on page 45, Adjusted Operating Margin and Adjusted EBITDA Margin are included on page 13, Adjusted Diluted EPS on page 4 and Free Cash Flow on page 35. See also slide 2 Disclaimer. ©2026 Spin Master. All Rights Reserved.5 Revenue Operating Income Adjusted EBITDA1 Adjusted EBITDA Margin1 Adjusted Operating Income1 Adjusted Operating Margin1 Net Income Adjusted Net Income1 Diluted EPS Adjusted Diluted EPS1 Cash provided by operating activities Free Cash Flow1 Q3 2026 Q3 2025 YTD 2026 YTD 2025 $112.5M $151.0M $123.9M $76.5M $194.7M $195.5M $263.5M $245.8M 26.6% 26.6% 17.6% 16.4% $148.4M $162.4M $143.8M $155.6M 20.3% 22.1% 9.6% 10.4% $79.0M $106.8M $76.7M $35.8M $106.2M $115.2M $90.7M $95.8M $0.77 $1.03 $0.75 $0.34 $1.03 $1.11 $0.88 $0.92 $102.2M $62.6M $262.9M $113.5M $64.9M $21.6M $155.2M ($4.4M) $732.7M $734.7M $1,497.6M $1,494.7M
Page 6
727.2 631 52.8 48.9 742.7 650.4 32.8 51.5 T O Y G R O S S P R O D UC T S A LES T O Y R EV EN UE EN T ER T A IN M EN T R EV EN UE D IG IT A L G A M ES R EV EN UE Q3 2026 Q3 2025 1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliation of Toy Gross Product Sales and Constant Currency are included on page 48. See also slide 2 Disclaimer. Toy Gross Product Sales1 and Revenue by Creative Centre Q3 2026 vs Q3 2025 ©2026 Spin Master. All Rights Reserved.6 -2.1% as reported -2.2% in constant currency1 Toys US$ millions 732.7 734.7 REVENUE -3.0% as reported -3.1% in constant currency1 Toys +61.0% as reported +61.0% in constant currency1 Entertainment -5.0% as reported -4.7% in constant currency1 Digital Games -0.3% as reported -0.4% in constant currency1 Spin Master
Page 7
Toy Gross Product Sales1 and Revenue by Creative Centre YTD 2026 vs. YTD 2025 ©2026 Spin Master. All Rights Reserved.7 1,416.5 1,233.0 124.8 139.8 1,427.4 1,246.4 102.7 145.6 T O Y G R O S S P R O D UC T S A LES T O Y R EV EN UE EN T ER T A IN M EN T R EV EN UE D IG IT A L G A M ES R EV EN UE YTD 2026 YTD 2025 -0.8% as reported -1.5% in constant currency1 Toys -1.1% as reported -1.7% in constant currency1 Toys +21.5% as reported +21.4% in constant currency1 Entertainment -4.0% as reported -5.2% in constant currency1 Digital Games +0.2% as reported -0.5% in constant currency1 Spin Master US$ millions 1,497.6 1,494.7 REVENUE 1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliation of Toy Gross Product Sales and Constant Currency are included on page 48. See also slide 2 Disclaimer.
Page 8
Gross Profit ($) Gross Margin1 (%) 1. Gross margin is calculated as Gross profit divided by Revenue 2. Gross Profit and Gross Margin includes the International Emergency Economic Powers Act tariff refund of $37.9 million received in Q2 2026 GROSS PROFIT Q3 2026 Q3 2025 GROSS MARGIN Gross Profit and Gross Margin ©2026 Spin Master. All Rights Reserved.8 395.8 411.1 837.5 816.0 54.0 56.0 55.9 54.6 -200bps as reported Q3 2026 Q3 2026 YTD 2025 YTD 20262 YTD 2025 Q3 2025 YTD 20262 +130bps as reported YTD 2026 US$ millions
Page 9
1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliation of Adjusted SG&A is included on page 10 and 11, See also slide 2 Disclaimer. Q3 2026 Q3 2025 % Change as reported YTD 2026 YTD 2025 % Change as reported Selling, General and Administrative Expenses (“SG&A”) $239.9M $240.1M (0.1%) $641.1M $656.4M (2.3%) Adjusted SG&A1 $232.2M $233.8M (0.7%) $610.8M $616.5M (0.9%) Depreciation and amortization (Cost of sales) $32.5M $17.2M 89.0% $76.5M $43.9M 74.3% Depreciation and amortization (SG&A) $15.6M $17.6M (11.4%) $48.5M $51.6M (6.0%) Operating Income $112.5M $151.0M (25.5%) $123.9M $76.5M 62.0% Adjusted Operating Income1 $148.4M $162.4M (8.6%) $143.8M $155.6M (7.6%) Adjusted Operating Margin1 20.3% 22.1% (180bps) 9.6% 10.4% (80bps) Adjusted EBITDA1 $194.7M $195.5M (0.4%) $263.5M $245.8M 7.2% Adjusted EBITDA Margin1 26.6% 26.6% 0bps 17.6% 16.4% 120bps ©2026 Spin Master. All Rights Reserved.9 Key P&L Financial Metrics
Page 10
Key Balance Sheet Metrics Sep 30, 2026 Net Leverage4: 0.8x ©2026 Spin Master. All Rights Reserved.10 1. Other receivables include investment tax credits receivables, sales tax receivables and other balances. 2. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliation of Net Working Capital for September 30, 2026 and September 30, 2025 is included on page 33 of the Company’s Interim MD&A. See also slide 2 Disclaimer. 3. Excludes unamortized financing costs of $2.5M as at September 30, 2026, $2.8M as at December 31, 2025 and $3.0M as at September 30, 2025. 4. Net leverage is net debt as at September 30, 2026, which is calculated as loans and borrowings and lease liabilities less cash, divided by Adjusted EBITDA for the trailing 12 months to September 30, 2026 Sep 30, 2026 Sep 30, 2025 Dec 31, 2025 Cash $47.5M $127.9M $104.6M Trade receivables, net $497.9M $574.0M $508.1M Other receivables1 $52.7M $63.9M $71.5M Inventories, net $210.8M $244.4M $149.7M Net working capital2 $260.2M $386.5M $283.2M Loans and Borrowings3 $163.0M $385.0M $267.0M
Page 11
Key Cash Flow Metrics Capital Allocation YTD 2026, repurchased and cancelled subordinate voting shares: ~$24.0M (1,715,245 shares) TSX: TOY basic shares outstanding have declined by 9% since Dec. 31, ’22 through buybacks YTD 2026, dividends paid: ~$25.7M Dividend announced on October 28th remained at C$0.12/share per quarter ©2026 Spin Master. All Rights Reserved.11 1. Capital Expenditures are defined as the sum of "Investment in property, plant and equipment" and "Investment in intangible assets" in the Consolidated statements of cash flows for the nine months ended September 30, 2026 and September 30, 2025. 2. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. See also slide 2 Disclaimer. YTD 2026 YTD 2025 Net changes in non-cash working capital $27.3M ($49.2M) Net cash from operating activities $262.9M $113.5M Capital expenditures1 $107.7M $117.9M Free Cash Flow2 $155.2M ($4.4M) Payment of lease liabilities ($24.2M) ($22.9M) Dividends paid ($25.7M) ($25.9M) Repurchase of subordinate voting shares ($23.7M) ($39.9M)
Page 12
1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliation of Toy Adjusted EBITDA is included on page 46. See also slide 2 Disclaimer. Toys Highlights ©2026 Spin Master. All Rights Reserved.12 2026 Q3 & YTD Q3 2026 Q3 2025 YTD 2026 YTD 2025 Toy Gross Product Sales $727.2M $742.7M $1,416.5M $1,427.4M Toy Revenue $631.0M $650.4M $1,233.0M $1,246.4M Toys Operating Income $120.1M $128.8M $105.7M $38.5M Toys Operating Margin 19.0% 19.8% 8.6% 3.1% Toys Adjusted EBITDA1 $146.0M $156.4M $151.0M $135.2M Toys Adjusted EBITDA Margin1 23.1% 24.0% 12.2% 10.8%
Page 13
Preschool, Infant & Toddler and Plush Outdoor Wheels & Action Q3 2026 vs. Q3 2025 Toy Gross Product Sales1 decreased by 2.1% to $727.2M 1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. See also slide 2 Disclaimer. ©2026 Spin Master. All Rights Reserved.13 Activities, Games & Puzzles and Dolls & Interactive -1.2%-2.1% +73.3% -4.1% Toy Gross Product Sales1 Q3 2026 vs Q3 2025
Page 14
Activities, Games & Puzzles and Dolls & Interactive Preschool, Infant & Toddler and Plush Outdoor Wheels & Action YTD 2026 vs. YTD 2025 Toy Gross Product Sales1 decreased by 0.8% to $1,416.5M 1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. See also slide 2 Disclaimer. ©2026 Spin Master. All Rights Reserved.14 -3.7%+0.0% -9.9% +1.7% Toy Gross Product Sales1 YTD 2026 vs YTD 2025
Page 15
1. Source: Circana, LLC, Retail Tracking Service, G11 (US, AU, BE, CA, FR, GE, IT, MX, NE, SP, UK), TAM: Total Toys excluding Circana’s Building Sets and Explorative & Other Toys supercategories and Strategic Trading Cards within Games/Puzzles supercategory. Data is based on Projected USD Adjusted, Jan-Sep 2026 & Jan-Sep 2025 data. 2. Point-of-Sale represents the value of retail sales, as measured at the point where the customer is purchasing and sales tax is applied. 3. Excludes Strategic Trading Cards class.©2026 Spin Master. All Rights Reserved.15 YTD 2026 Spin Master Point-of-Sale (“POS”)2 Share % of Total Industry Spin Master Share Change (percentage points) Ranking Preschool, Infant & Toddler and Plush 7.4% (0.7)% #1 Wheels & Action 5.1% (0.5)% #4 Activities, Games & Puzzles3, and Dolls & Interactive 5.2% (0.4)% #3 Outdoor 1.2% (0.1)% #15 Spin Master Share in Focus Categories1
Page 16
v 1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are incorporated by reference from the section “Non-GAAP Financial Measures and Ratios” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliation of Entertainment Adjusted Operating Income is included on page 46. See also slide 2 Disclaimer. Entertainment Highlights 2026 Q3 & YTD ©2026 Spin Master. All Rights Reserved.16 Entertainment Revenue $52.8M $32.8M $124.8M $102.7M Entertainment Operating Income $11.3M $11.9M $40.0M $53.5M Entertainment Adjusted Operating Income1 $23.3M $12.2M $53.4M $56.0M Entertainment Operating Margin 21.4% 36.3% 32.1% 52.1% Entertainment Adjusted Operating Margin1 44.1% 37.2% 42.8% 54.5% Q3 2026 Q3 2025 YTD 2026 YTD 2025
Page 17
Delivering Family Entertainment Franchises
Page 18
v 1. Non-GAAP financial measure or ratio. The composition, usefulness and quantitative reconciliations for each such measure are i ncorporated by reference from the section “Non-GAAP Financial Measures and Ratios, Supplementary Financial Measures” in the Company’s Interim MD&A available on SEDAR+ at www.sedarplus.com. The reconciliation of Digital Games Adjusted Operating Income is included on page 47. See also slide 2 Disclaimer. Digital Games Highlights 2026 Q3 & YTD ©2026 Spin Master. All Rights Reserved.18 Digital Games Revenue $48.9M $51.5M $139.8M $145.6M Digital Games Operating Income (Loss) ($8.1M) $15.9M $3.0M $8.6M Digital Games Adjusted Operating Income1 $5.3M $17.3M $19.4M $34.5M Digital Games Operating Margin (16.6%) 30.9% 2.1% 5.9% Digital Games Adjusted Operating Margin1 10.8% 33.6% 13.9% 23.7% Q3 2026 Q3 2025 YTD 2026 YTD 2025
Page 19
Average MAU Q3 2026 ~52M +4% (~2M users) vs Q3 2025 Ages 6+ In App Purchase 1. Monthly Active Users (MAU) represents the number of devices which have launched a defined digital game (such as Toca Boca) during a defined period. 2. Active Subscriptions represents the number of users who pay for access or are on an active free trial, per subscription servi ce as of the end of a defined period. ©2026 Spin Master. All Rights Reserved.19 Ending MAU Q3 2026 ~48M +4% (~2M users) vs Q3 2025 Monthly Active Users1 ("MAU") Includes ten of the world’s best kids apps Q3 2026 Total Subscriptions ~ 480k +6% vs. 453k Q3 2025 Subscription Ages 2+ Active Subscriptions2