Vista Outdoor — Merger or Acquisition (October 2023)
15 slides from Vista Outdoor's merger presentation, Oct 16, 2023
Slide 1: Maximizing Value Creation Through The Sale of Sporting Products
Exhibit 99.2 Maximizing Value Creation Through The Sale of Sporting Products Vista Outdoor October 2023
Slide 2: No Offer or Solicitation
No Offer or Solicitation This communication is neither an offer to sell, nor a solicitation of an offer to buy any securities, the solicitation of any vote, consent or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, i
Slide 3: Safe Harbor Statement
Safe Harbor Statement Certain statements in this presentation and other oral and written statements made by Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) from time to time are forward-looking statements, including those that discuss, among other things: Vista Outdoor’s plans, objectives,
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP financial measures such as adjusted EBITDA margin and adjusted EPS as included in this presentation are supplemental measures that are not calculated in accordance with Generally Accepted Accounting Principles (“GAAP”). Adjusted EPS guidance, excluding the impact
Slide 5: Preliminary Results
Preliminary Results The preliminary results for Q2 2024 included in this presentation are an estimate, based on information available to management as of the date of this presentation, and are subject to further changes upon completion of Vista Outdoor's quarter-end procedures. Vista Outdoor’s preli
Slide 6: Sale of Sporting Products to Czechoslovak Group Creates Meaningful Stockholder Value
Sale of Sporting Products to Czechoslovak Group Creates Meaningful Stockholder Value Transaction Summary Vista Outdoor has entered into a definitive agreement to sell its (1) Purchase Price $1.91Bn Sporting Products business to Czechoslovak Group (“CSG”) Valuation Multiple ~5x Sporting Products FY24
Slide 7: Compelling Strategic Rationale for Separation
Compelling Strategic Rationale for Separation The sale of Sporting Products aligns with our vision for Outdoor Products as the world’s largest house of outdoor brands This enables us to focus on both our separation value creation thesis and on our path forward as two distinct companies well-position
Slide 8: Positions Sporting Products for Strategic Success
Positions Sporting Products for Strategic Success A Transformational Combination Strategic Alignment Combines Sporting Products’ leading portfolio of U.S. ammunition brands with CSG’s diverse, global 1 defense portfolio Unlocking Opportunities for Growth As a private company, Sporting Products can f
Slide 9: Planned Use of Net Proceeds
(1) Planned Use of Net Proceeds Debt-Free Repay All Outstanding Debt Outdoor Products Cash to Approximately $750 Million of Cash as Part of Transaction Stockholders Consideration Well-Capitalized Remaining Amount of Cash Will be Meaningful and Stay on Outdoor Products Outdoor Products’ Balance Sheet
Slide 10: Preliminary 2Q FY24 Results
Preliminary 2Q FY24 Results Operating Sales Income $347M – $352M $91M – $95M Sporting Products $325M – $330M $11M – $15M Outdoor Products 10
Slide 11: Updated FY24 Guidance
Updated FY24 Guidance Interest Effective Adj. EBITDA Sales Adj. EPS Expense Tax Rate Margin Vista $2.725Bn – 15.50% – $55M – ~19.5% $3.65 – $4.05 Outdoor $2.825Bn 16.25% $65M $1.450Bn – 26.50% – Sporting Products • Outlook anticipates that Sporting Products sales and $1.500Bn 27.50% profitability wi
Slide 12: Revelyst Well Positioned to Accelerate its Strategy
Revelyst Well Positioned to Accelerate its Strategy Revelyst Overview As previously announced, Vista Outdoor’s Outdoor Products business will be re-named Revelyst, Inc., and the company will trade on the New York Stock Exchange under the ticker symbol “GEAR” Revelyst’s capital allocation strategy wi
Slide 13: CSG Will Enable Sporting Products To Achieve Its Full Potential
CSG Will Enable Sporting Products To Achieve Its Full Potential Overview Headquartered in Prague, Czech Republic, Europe CSG is a leading industrial-technological holding company, operating within five strategic business segments, including defense, aerospace, ammunition, mobility and business “We l
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation
Slide 15: Updated FY24 Full-Year Adjusted EPS Guidance
Non-GAAP Reconciliation Updated FY24 Full-Year Adjusted EPS Guidance Low High EPS guidance including transition costs, executive transition costs, planned separation costs, restructuring, and post-acquisition compensation $ 3.37 $ 3.77 Transition costs 0.07 0.07 Executive transition costs 0.01 0.01