LIVX Investor Presentation Q3'20.V2.Pptx

INVESTOR PRESENTATION NASDAQ: LIVX February 2020 Safe Harbor

The information in this presentation is provided to you by LiveXLive Media, management about future performance and results. Such forward-looking Inc. (the “Company”) solely for informational purposes and is not an offer to statements are not guarantees of future performance and involve known and buy or sell, or a solicitation of an offer to buy or sell, any security or unknown risks, uncertainties and other factors which may cause actual instrument of the Company, or to participate in any investment activity or results, performance or achievements to differ materially from those trading strategy, nor may it or any part of it form the basis of or be relied on expressed or implied by such forward-looking statements. These factors in connection with any contract or commitment in the United States or include uncertainties as to identifying, acquiring, securing and developing anywhere else. content, reliance on one key customer for a substantial percentage of the Company’s revenue, ability to attract, maintain and increase the number of By viewing or participating in this presentation, you acknowledge and agree that (i) the information contained in this presentation is intended for the the Company’s users and paid subscribers, successfully implementing the Company’s growth strategy, including relating to its technology platform and recipient of this information only and shall not be disclosed, reproduced or distributed in any way to anyone else, (ii) no part of this presentation or any applications, management’s relationships with industry stakeholders, other materials provided in connection herewith may be copied, retained, changes in economic conditions, competition and other risks including, but not limited to, those described in the Company’s Annual Report on Form 10- taken away, reproduced or redistributed following this presentation, and (iii) all participants must return all materials provided in connection herewith K, filed with the Securities and Exchange Commission (the “SEC”) on June 24, 2019, Quarterly Report on Form 10-Q, filed with the SEC on February 7, tothe Company at the completion of the presentation. By viewing, accessing 2020, and other filings and submissions with the SEC. These forward- or participating in this presentation, you agree to be bound by the foregoing limitations. looking statements speak only as of the date set forth below and the Company disclaims any obligations to update these statements except as No representations, warranties or undertakings, express or implied, are may be required by law. Neither the Company nor any of its affiliates, made and no reliance should be placed on the accuracy, fairness or advisors, placement agents or representatives has any obligation to, nor do completeness of the information, sources or opinions presented or contained any of them undertake to, revise or update the forward-looking statements in this presentation, or in the case of projections contained herein, as to contained in this presentation to reflect future events or circumstances. their attainability or the accuracy and completeness of the assumptions fromwhich they are derived, and it is expected that each prospective This presentation speaks as of February 14, 2020. The information presented or contained in this presentation is subject to change without notice and its investors will pursue his, her or its own independent investigation. The statistical and industry data included herein was obtained from various accuracy is not guaranteed. Neither the delivery of this presentation nor any sources, including certain third parties, and has not been independently further discussion of the Company or any of its affiliates, shareholders, officers, directors, employees, agents or advisors with any of the recipients verified. By viewing or accessing the information contained in this presentation, the recipient hereby acknowledges and agrees that neither the shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. Company nor any representatives of the Company accepts any responsibility for or makes any representation or warranty, express or implied, with respect to the truth, accuracy, fairness, completeness or reasonableness of the information contained in, and omissions from, these materials and that neither the Company nor any of its affiliates, employees, officers, directors, advisers, placement agents or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. This presentation contains forward-looking statements, including descriptions about the intent, belief or current expectations of the Company and its 2 LIVEXLIVE

The world’s leading social music platform devoted to the live music experience, internet radio, music video content and music culture We give brands, fans and bands the best seat in the house 3 UNMET DEMAND FOR LIVE MUSIC

• Over 250 million paid music subscribers globally today • Goldman Sachs projects 1.2 billion+ paid subscribers in 2030 2030

LOVE OF LIVE DESIRE FOR ACCEPTANCE OF GROWTH OF MOBILE MUSIC PREMIUM LIVE STREAMING

CONTENT

2021

3.8 Billion

1.6 Billion 2014 201

+30M people attend at least one music Subscribers festival in the U.S. Users watch live Over 3.8 billion 167 million Netflix annually video 3x longer and smartphone users 113 million Spotify 52% of U.S. attended comment 10 times projected globally 60 million Apple a live music event in more than recorded by 2021 29 million Disney+ 2018 footage

Source: IFPI, BBC, Billboard, Emarketer, Facebook Live, Forbes, The Verge, StaAsta, Nielson 4 POSITIONED AT U.S. LIVE MUSIC

THE CENTER OF $29.5B

THREE $28.0B EXPLODING SECTORS

GLOBAL DIGITAL MUSIC $30.3B STREAMING $11.1B

$19.6B

$5.4B

GLOBAL OTT/STREAMING

Source: IBISWorld, PWC 5 LIVEXLIVE at a Glance • Fiscal Year 2019: 51M+ Livestreams, 24 Live Events, 360+ hours of content

FesAval Livestreams Reach & PlaZorms Original Content

68M+ 179+ 275+ • Live Streams YTD vs. • Countries Reached by • Hours of Live Music +51MM in FY19 Live Music Streaming (YTD)

37 820K+ • Music Events (YTD) • Paid Subscribers Pla2orms (YTD) • O&O • Facebook • YouTube 230+ 1.2M+ • Twitch • ArAsts Streamed • Monthly AcAve • Twi`er (YTD) Users (average YTD • Daily MoAon 12/31/19) • STIRR

Note: LIVX’s ﬁscal year ends March 31st YTD progress denotes 4/1/2019 – 12/31/2019 6 Aggregating the Most Festivals in One Place

2,000+ Music Festivals Worldwide

FY’19 SOCIAL FOLLOWING INCREASED TO 2.2 BILLION FROM FY’18 OF 1.1 BILLION * SAMPLE LINEUP PROVIDES AN ILLUSTRATION OF THE SIZE OF OUR OPPORTUNITY USING ONLY A HANDFUL OF TOP FESTIVALS

8 DISTRIBUTION: A GLOBAL STREAMING SERVICE

LiveXLive streams in over +170 countries

around the world.

9 NEW UNIFIED PRODUCT – Live + Audio TOGETHER FOR THE FIRST TIME

Services combine recorded music, live music, audio and video including the U.S. music libraries of:

10 Original Content: LiveZone

• Launched in December 2018 • Powerful platform for brands and sponsors to extend their audience reach via advertising and partnerships Link to Vimeo: vimeo.com/310841546 • In-house production • Top-tier broadcast facilities • Best-in-class crew

LiveXLive can produce premium live events for $20K/hr. (compared to current industry comps at $500K/hr.)

11 DISTRIBUTION CHANNELS Desktop Mobile OTT

3RD PARTY CONTENT + PROMO O&O APPS AUDIO DISTRO PLATFORMS PARTNERS

12 Q3 FY 2020 Key Highlights – Acquired React Presents

• Full-service, club, concert and festival • RP 2019 FY revenue was promotion in EDM space approximately $15.0 million

• Promotes over 250 shows a year • Brings LiveXLive closer to Artists and the Music Superfans • Major annual festivals include, Spring Awakening Festival, Summer Set Music • Strategic collaborations to sell more and Camping Festival, Mamby of the tickets and drive unique sponsorships Beach, and React New Year’s Eve

Structure • $2.0 million convertible debt with two-year maturity, 8% interest and a $4.50 conversion price • No immediate dilution or cash impact

Projected Financial Impact • No significant revenue, synergies or Adjusted Operating Income* during fiscal 2020

Extends total addressable market • In the U.S. market alone, live events and music festivals expected to surpass $29.0 billion in annual revenue by 2020 (IBIS World)

Monetization & Services

INTEGRATED MARKETING

DATA Future Monetization TRANSACTIONS Path

ADVERTISERS

SUBSCRIPTION REVENUE Present Monetization SPONSORSHIPS Path IN-CHANNEL PURCHASES • Ticket Revenue • Food & Beverage • On Ground14 Sponsorship PAID SUBSCRIPTION SERVICES

• Substantial growth in paid subs over the past 2 years (In $000s) $10,000 850,000

$9,000 800,000

$8,000 750,000 Revenue $7,000 700,000 Paid Subscribers $6,000 650,000 $5,000 600,000 $4,000

550,000 $3,000 500,000 $2,000

$1,000 450,000

$0 400,000 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19

15 INITIAL SPONSORSHIP TRACTION

► KIA

► SAMSUNG

► DOS EQUIS

16 SELECT FINANCIALS – SUBSTANTIAL GROWTH

• Full year March 31, 2020 guidance Revenue ($38M-$40M) and Adj Ops Loss* ($12M-$14M)

FY ‘18 vs FY ‘19 Nine mos ‘19 vs Nine Mos ‘20

+17% YOY +350% YOY $33.7M Revenue Revenue growth $28.8M growth $24.5M

Revenue $7.2M Adj Ops Income (Loss)*

FY 2018 FY 2019 NINE MOS NINE MOS DEC ‘19 DEC‘20 ($6.1M) ($10.7)) ($10.4M)) ($12.6M)

* Adj. Operating Income (Loss) – see definition on p.19 / slide

SELECT FINANCIALS – YTD FY 2020 RESULTS

(USD $ in Millions) Nine Months Ended December 31, 2019 Revenue $28.8

Adjusted Operating Income (Loss) 1 ($10.4)

Cash & Cash Equivalents $14.0 Total Debt 2 $15.8 Total Stockholder’s Equity (Deficit) ($1.9) Shares Outstanding 3 58,231,811 Fully Diluted Shares Outstanding 4 70,830,133

1 Adj. Operating Income (Loss), a non-GAAP measue, is defined as operating income (loss) before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date, and (e) depreciation and amortization (including goodwill impairment, if any), and certain stock-based compensation expense.

2 Composed of senior secured and unsecured convertible notes, inclusive of net $1.1 million of deferred debt issuance costs and $0.4 million in fair value embedded derivatives.

3 As of 12/31/2019.

4 This number includes 167,363 warrants outstanding, 8,518,288 options and RSUs outstanding and 3,912,671 shares issuable underlying the Company’s convertible notes as of December 31, 2019. 18 World Class Management Team

Robert Ellin Michael Zemetra Mike Bebel Dermot McCormack CHAIRMAN & CEO CFO SENIOR EXECUTIVE VICE PRESIDENT PRESIDENT Over 30 years of investment and turnaround Seasoned executive with extensive financial and Music industry veteran & digital Renowned music industry executive, experience, deep relationships in media and operational experience in building, managing and music service entrepreneur with with expertise from content development to entertainment, prior public company experience scaling large global organizations, systems and more than 20 years of global technology, growth strategies as Executive Chairman of Mandalay Digital operations operating experience and monetization. Group

Jerry Gold Doug Schaer DIRECTOR & CSO Jackie Stone David Schulhof COO CMO CDO Music & entertainment executive for Experienced entrepreneur & business strategist the past 37 years, including serving Top 50 Marketer with over 27 years of global Executive with more than who specializes in franchise asset development as the Executive VP & CFO of Warner expertise across brand building, growth, 20 years of experience in the & foundation building in the entertainment & Music Group for nearly a decade acquisition and loyalty. music, digital media & sports sectors private equity sectors

Garrett English Jason Miller Rahman Dukes Kevin Stapleford GLOBAL HEAD OF SALES HEAD OF URBAN PROGRAMMING VP OF PROGRAMING CHIEF CREATIVE OFFICER National brand advertising A digital pioneer of hip hop and hip hop culture Content development executive with 20+ years of Deep experience in music content, news and live developer who has integrated solutions across and an entrepreneur who has created and success growing audiences, revenue and brand productio and programming, including producing audio, video, digital, social, produced original content across TV, radio and engagement the VMAs and launching MTV internationally in mobile, & event platforms web Japan, Africa and Russia

19 Steven Bornstein Jason Flom Chris McGurk Hank Neuberger Jules Haimovitz Roger Werner Former CEO of ESPN and NFL CEO of Lava Records Former COO of MGM and Lead Producer of Coachella, Former President of Viacom and Network Universal Pictures Lollapalooza Founder of ShowAme

Distinguished & Experienced Strong Suite Board of Directors of Formal Advisors

Ramin Arani Patrick Wachsberger INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Steven Bornstein Jason Flom Former lead manager of Fidelity’s Puritan Founder and CEO of Former CEO of ESPN CEO of Lava Records and NFL Network Fund and current Board member of Vice Picture Perfect Entertainment Media, Ellen Digital and Opportunity and former Chairman of Network Lionsgate Films

Kenneth Solomon Craig Foster INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Chairman and CEO of The Tennis Channel, Former Chief Financial Officer Chris McGurk Roger Werner partner at Arcadia Investment Partners and and Chief Accounting Officer Former CEO of MGM Former CEO and President Chairman of Ovation TV of Amobee, Inc. and Universal Pictures of ESPN and Speedvision

Jay Krigsman Tim Spengler INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Executive Vice President Current President of Dentsu Aegis and Asset Manager of and former President of Clear Channel The Krausz Companies Media and Interpublic Group Jules Haimovitz Former President of Viacom and founder of Showtime

Bridget Baker INDEPENDENT DIRECTOR Former President of Content and TV Network Distrubution of Comcast and NBCUniversal 20

20 LIVEXLIVE Summary

Predictable revenue driven Low content costs by subscription

Strong opportunity for Multiple monetization growth paths

Early wins with key sponsors, Proven management team and advertisers & distribution experienced board and advisors partners with industry expertise

21 NASDAQ: LIVX [email protected]