Slide 1: Traeger Investor Presentation Second Quarter 2025
TRAEGER INVESTOR PRESENTATION SECOND QUARTER 2025
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, incl
Slide 3: Slide 3
Slide 4: CEO Commentary
Sei, oOoM MENTARY ioe ‘ | a wr i= yi cae a ee A 1 & ‘AGS ; ee?) maa § Today, we are sharing detaii n our multi-step streamlining effort, Project Gravity, which Pbelieve will unlock significant efficiencies eden at Traeger over time. The first phase of Project Gravity is expected to drive $30 million
Slide 5: Traeger 2Q2025 at a Glance
AN TRAEGER 2Q2025 AT A GLANCE Revenue Mix SI45MM 39.2% Revenue Gross Margin SI4MM 9.8% Adj. EBITDA © Adj. EBITDA Margin =Grills =Consumables = Accessories Ah TRAEGER
Slide 6: Growth Pillars: Quarterly Highlights
GROWTH PILLARS: QUARTERLY HIGHLIGHTS Accelerate Brand Awareness + Continued growth in follower count across social channels, up 7% versus 2Q 2024 + Launched partnerships with Budweiser/Bud Light for their "Grill Like a Pro” campaign featuring content integration, retail displays, and cross-merchandi
Slide 7: Tariff Mitigation Update
TARIFF MITIGATION UPDATE The Company's tariff mitigation efforts are expected to offset ~80% of the S60 million FY 2025 unmitigated tariff impact SUPPLY CHAIN CcosT MANAGEMENT PRICING INVENTORY MANAGEMENT oh TRAEGER Cost negotiations with contract manufacturers Implementing First Sale or similar pro
Slide 8: Project Gravity
PROJECT GRAVITY Project Gravity is a strategic enterprise initiative designed to streamline operations, enhance organizational efficiency, and simplify the business. Project Gravity will be largely implemented through the end of 2026 and is structured in two phases. * Implemented reduction in force
Slide 9: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS SUMMARY SNAPSHOT SMM SI8OMM vs. SI75MM in 2Q 2024 $402MM vs. $409MM in 2Q 2024 Ample liquidity exiting 2Q25 Amendment to the Revolving Credit Facility extending the maturity date of an $82.5 million tranche to December 29, 2027 ensures continued access to credit availability
Slide 10: Financials
FINANCIALS
Slide 11: 2Q 2025 Revenue Results
2"4 QUARTER 2025 REVENUE RESULTS TOTAL REVENUE $MM — $168 oo —__. 2Q 2024 2Q 2025 GRILLS REVENUE CONSUMABLES REVENUE ACCESSORIES REVENUE $MM _ $MM $MM — $95 @. - iat ae —~@® oe —— $34 $36 ae $35 2a 2024 2a 2025 2a 2024 2Q 2025 2Q 2024 2Q 2025 AN TRAEGER "
Slide 12: 2Q 2025 Profitability Results
2"4 QUARTER 2025 PROFITABILITY RESULTS GROSS PROFIT sm => @®® Gross Margin $72 —_— | - 2Q 2024 2Q 2025 ADJUSTED EBITDA SMM C 15.9% ) 9.8% Adjusted EBITDA Margin $27 $i4 | | 2Q 2024 2Q 2025 ADJUSTED NET INCOME (LOSS) @) SMM $7 2Q 2024 2Q 2025 } TRAEGER
Slide 13: Guidance for Full Year Fiscal 2025
GUIDANCE FOR FULL YEAR FISCAL 2025 FISCAL 2025 GUIDANCE METRIC Total Revenue Gross Margin Adj. EBITDA © Ah TRAEGER LOW $540MM 40.5% S66MM HIGH $555MM 41.5% $73MM KEY ASSUMPTIONS: * Grill revenues expected to decline in the high-single digit percentage range, driven by the expected impact on volumes
Slide 14: Appendix
APPENDIX TRAEGER
Slide 15: Footnotes
FOOTNOTES |. Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. See the appendix to this presentation for a presentation of, and a reconciliation of these measures to, the nearest comparable GAAP measures, including Net Loss, and Net Loss Margin, respectively. A reconciliation of Adju
Slide 16: Information Regarding Non-GAAP Financial Measures
INFORMATION REGARDING NON-GAAP FINANCIAL MEASURES In addition to our results and measures of performance determined in accordance with U.S. GAAP, we believe that certain non-GAAP. financial measures are useful in evaluating and comparing our financial and operational performance over multiple period
Slide 17: Reconciliation of Debt to Net Debt
PRESENTATION OF COMPARABLE GAAP MEASURES AND RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES RECONCILIATION OF DEBT TO NET DEBT $9,000 250 399,018 4182 (300 $402,149 Ah TRAEGER
Slide 18: Reconciliations of Non-GAAP Financial Measures
PRESENTATION OF COMPARABLE GAAP MEASURES AND RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES Three Months Ended Six Months Ended June 30, June 30, 2025 2024 2025 2024 (dollars in thousands, except share and per share amounts) Net loss (7384) (2.578) (8.162) 726), ‘Adjustments: Other income (2685) (68