Slide 1: Q2 Earnings Presentation
Q2 EARNINGS PRESENTATION AUGUST 6, 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: Q2 Highlights
STRATEGIC PRIORITIES: Q2 HIGHLIGHTS Positioned for long -term sustainable growth Strategic roadmap continues to guide execution Black Diamond objective : Improving profitability driven by cleaner inventory, less Simplify and focus on the core discounting, and shift toward full -price premium model A
Slide 5: Second Quarter Results at a Glance
SECOND QUARTER RESULTS AT A GLANCE Commitment to operational and organizational progress despite challenging macro backdrop $56.2 m $16.4m $39.8m 48.9% 1 $7.6 m Revenue Adventure Revenue Outdoor Revenue Gross Margin Adj. EBITDA + 1.6% Y/Y - 11.9% Y/Y + 8.5% Y/Y + 1330 BPS Y/Y + $12.1m Y/Y Adventure
Slide 6: Outdoor - Strategic Priorities and Highlights
OUTDOOR - STRATEGIC PRIORITIES AND HIGHLIGHTS BUILDING BLOCKS IN FOCUS MANAGEMENT COMMENTARY • Revenue, margin, and EBITDA all ahead of prior year SIMPLIFICATION EXECUTION • Big three business unit (Mountain, Climb and Apparel) sales up ~10% y/y and now account for 95% of total sales • Full price Ap
Slide 7: Adventure - Strategic Priorities and Highlights
ADVENTURE - STRATEGIC PRIORITIES AND HIGHLIGHTS BUILDING BLOCKS IN FOCUS MANAGEMENT COMMENTARY • Challenging macro environment in both Australia and North America drove weaker Q2 sales FOCUS ON BASICS • Focus on driving margin expansion, maintaining cost discipline, and improving operational efficie
Slide 8: Q2 2026 Financial Results
Q2 2026 FINANCIAL RESULTS Q2 2026 Q2 2025 NET SALES $56.2 M $55.2M GROSS MARGIN 48.9% 35.6% ADJ. EBITDA $7.6M ($4.4M) ADJ. EBITDA MARGIN 13.6% (8.0)% Q2 2026 gross margin, Adj. EBITDA, and Adj. EBITDA margin include a benefit of $6.1M from the recovery of IEEPA tariffs at the Outdoor segment 6 Febru
Slide 9: Full Year Guidance
FULL YEAR GUIDANCE 2026 NET SALES $245M - $2 55M ADJ. EBITDA 1 $12M - $13M MID-POINT ADJ. EBITDA % 5.0% ADJ. CORPORATE COSTS $8M CAPEX $6M - $7M FREE CASH FLOWS $6M Q3 2026 guidance: Net sales between $66 -$68 million; Adj. EBITDA of $3M 6 February 1 2023 The revised adjusted EBITDA guidance include
Slide 10: Appendix
APPENDIX
Slide 11: Balance Sheet
BALANCE SHEET 6 February 2023 PAGE 11
Slide 12: Income Statement (Q2)
INCOME STATEMENT (Q2) 6 February 2023 PAGE 12
Slide 13: Income Statement (YTD)
INCOME STATEMENT (YTD) 6 February 2023 PAGE 13
Slide 14: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION 6 February 2023 PAGE 14
Slide 15: Non-GAAP Reconciliation (Q2)
NON-GAAP RECONCILIATION (Q2) 6 February 2023 PAGE 15
Slide 16: Non-GAAP Reconciliation (YTD)
NON-GAAP RECONCILIATION (YTD) 6 February 2023 PAGE 16
Slide 17: Non-GAAP Reconciliation (Q2)
NON-GAAP RECONCILIATION (Q2) 6 February 2023 PAGE 17
Slide 18: Non-GAAP Reconciliation (YTD)
NON-GAAP RECONCILIATION (YTD) 6 February 2023 PAGE 18