TMEH Quarterly Investor Report

CONFIDENTIAL — FOR QUALIFIED INVESTORS ONLY

Executive Summary

$[XX.X]M

Quarterly Revenue

+XX% vs. Plan

$[X.X]M

Quarterly EBITDA

+XX% vs. Plan

$[XXX]M

Capital Deployed (Cumulative)

XX% of $300M

$[XX]M

Cash Position

[XX] months runway

Quarter Highlights

[Highlight 1]: [Description of major achievement or milestone]
[Highlight 2]: [Description of major achievement or milestone]
[Highlight 3]: [Description of major achievement or milestone]

Financial Summary

Metric	Q[X] Actual	Q[X] Plan	Variance	YTD Actual	YTD Plan
Revenue	$[X.X]M	$[X.X]M	+X%	$[XX.X]M	$[XX.X]M
Music City Rodeo	$[X.X]M	$[X.X]M	+X%	$[X.X]M	$[X.X]M
Down Home Productions	$[X.X]M	$[X.X]M	-	$[X.X]M	$[X.X]M
Draft House	$[X.X]M	$[X.X]M	-	$[X.X]M	$[X.X]M
McGraw NIL/Lifestyle	$[X.X]M	$[X.X]M	+X%	$[X.X]M	$[X.X]M
Gross Profit	$[X.X]M	$[X.X]M	+X%	$[X.X]M	$[X.X]M
Gross Margin	XX%	XX%	+X pts	XX%	XX%
EBITDA	$[X.X]M	$[X.X]M	+X%	$[X.X]M	$[X.X]M
EBITDA Margin	XX%	XX%	+X pts	XX%	XX%

Pillar-by-Pillar Update

Music City Rodeo

On Track

Y2 ticket sales: [XX,XXX] / [XX,XXX] target
Sponsorship secured: $[X.X]M
Artist lineup: [Status]

Down Home Productions

On Track

Projects in development: [X]
Projects greenlit: [X]
Distribution deals: [Status]

Draft House

Attention

Nashville flagship: [Status]
Operator partnership: [Status]
Site selection: [Status]

McGraw NIL/Lifestyle

On Track

Fragrance revenue: $[X.X]M
New licensing deals: [X]
Brand partnerships: [Status]

Catalog/Publishing

On Track

Sync placements: [X]
Streaming revenue: $[X.X]M
Valuation update: $[XX]M

MCI (Future)

Planning

Partner discussions: [Status]
Site evaluation: [Status]
Creative development: [Status]

Capital Deployment

Use of Funds	Deployed	Budget
MCR Expansion	$[XX]M	$[XX]M
Down Home Productions	$[XX]M	$[XX]M
Draft House Development	$[XX]M	$[XX]M
NIL/Brand Building	$[XX]M	$[XX]M
Working Capital	$[XX]M	$[XX]M
Total Deployed	$[XXX]M	$300M

Milestone Status

Tranche 1 ($75M)	Released
Tranche 2 ($125M)	Pending
Tranche 3 ($100M)	Future

Next milestone: [Description] — Target: Q[X] 2026

Key Performance Indicators

KPI	Current	Target (Y7)	Progress
MCR Markets	[X]	5	[X]%
Annual Revenue	$[XX]M	$255M	[X]%
EBITDA Margin	[X]%	18%	[X]%
Draft House Locations	[X]	3	[X]%
Down Home Projects	[X]	5+	[X]%

Risk & Opportunity Assessment

Key Risks

[Risk 1]: [Description and mitigation]
[Risk 2]: [Description and mitigation]
[Risk 3]: [Description and mitigation]

Opportunities

[Opportunity 1]: [Description and potential impact]
[Opportunity 2]: [Description and potential impact]
[Opportunity 3]: [Description and potential impact]

Next Quarter Priorities

[Priority 1]: [Description and success metric]
[Priority 2]: [Description and success metric]
[Priority 3]: [Description and success metric]
[Priority 4]: [Description and success metric]