Slide 1: Q1 Earnings Presentation
Q1 EARNINGS PRESENTATION MAY 7, 2026
Slide 2: Disclaimer
DISCLAIMER Forward -Looking Statements Please note that in this presentation we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of
Slide 3: Today's Presenters
TODAY’S PRESENTERS Warren Kanders Mike Yates Neil Fiske EXECUTIVE CHAIRMAN CFO PRESIDENT Clarus Clarus Black Diamond Equipment
Slide 4: Strategic Priorities: Q1 Highlights
STRATEGIC PRIORITIES: Q1 HIGHLIGHTS Positioned for long -term sustainable growth Strategic roadmap continues to guide execution Black Diamond objective : Enhancing inventory, prioritizing most profitable categories, Simplify and focus on the core and steadily shifting toward more premium, full -pric
Slide 5: First Quarter Results at a Glance
FIRST QUARTER RESULTS AT A GLANCE Commitment to operational and organizational progress despite challenging macro backdrop $61.9m $17.1m $44.9 m 36.8 % $(1.1)m 1 Revenue Adventure Revenue Outdoor Revenue Gross Margin Adj. EBITDA + 2.5% Y/Y + 5.9% Y/Y + 1.2% Y/Y + 240 BPS Y/Y + $0.3m Y/Y Adventure Ou
Slide 6: Outdoor - Strategic Priorities and Highlights
OUTDOOR - STRATEGIC PRIORITIES AND HIGHLIGHTS BUILDING BLOCKS IN FOCUS MANAGEMENT COMMENTARY • Strategy of simplification and business reshaping continues to pay off, reflected in increased Q1 revenue, margin, and EBITDA y/y SIMPLIFICATION EXECUTION • Big three business unit (Mountain, Climb and App
Slide 7: Adventure - Strategic Priorities and Highlights
ADVENTURE - STRATEGIC PRIORITIES AND HIGHLIGHTS BUILDING BLOCKS IN FOCUS MANAGEMENT COMMENTARY • Q1 results reflect increment progress, following corrective steps to reset pricing and implement further cost controls FOCUS ON BASICS • Sales increase of 5.9% driven by strong growth in Australia and ne
Slide 8: Q1 2026 Financial Results
Q1 2026 FINANCIAL RESULTS Q1 2026 Q1 2025 NET SALES $61.9M $60.4M GROSS MARGIN 36.8% 34.4% ADJ. EBITDA 1 ($1.1M) ($1.4M) ADJ. EBITDA MARGIN (1.8)% (2.3)% 6 February 2023 1Beginning in the first quarter of 2026, the Company will no longer add back legal costs and regulatory matter expenses to Adjuste
Slide 9: Full Year Guidance
FULL YEAR GUIDANCE 2026 NET SALES $245M - $2 55M ADJ. EBITDA $3M - $5M 1 MID-POINT ADJ. EBITDA % 1.6% ADJ. CORPORATE COSTS $9M CAPEX $6M - $7M FREE CASH FLOWS FLAT • Q2 guidance : Net sales between $51-$53 million ; 3M Adj. EBITDA 1 loss 1The revised adjusted EBITDA guidance now includes an expected
Slide 10: Appendix
APPENDIX
Slide 11: Balance Sheet
BALANCE SHEET 6 February 2023 PAGE 11
Slide 12: Income Statement
INCOME STATEMENT 6 February 2023 PAGE 12
Slide 13: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION 6 February 2023 PAGE 13
Slide 14: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION CLARUS CORPORATION RECONCILIATION FROM NET LOSS TO ADJUSTED NET INCOME AND RELATED EARNINGS PER DILUTED SHARE (In thousands, except per share amounts) Three Months Ended March 31, 2026 Total Gross Operating Income tax Tax Net Diluted sales profit expenses expense rate (loss)
Slide 15: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION CLARUS CORPORATION RECONCILIATION FROM CONSOLIDATED NET LOSS AND NET LOSS MARGIN TO EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION (EBITDA), EBITDA MARGIN, ADJUSTED EBITDA, AND ADJUSTED EBITDA MARGIN (In thousands) Three Months Ended March 31, 2026 Three Mont