Slide 1: Q1 Earnings Presentation
Q1 EARNINGS PRESENTATION — MAY 8, 2025 “= ‘ cK
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 CLARUS | Warren Kanders Mike Yates Neil Fiske EXECUTIVE CHAIRMAN CFO PRESIDENT Clarus Clarus Black Diamond Equipment
Slide 4: Total debt of $1.9 million at 3/31 related to the RockyMounts acquisition
1 Total debt of $1.9 million at 3/31 related to the RockyMounts acquisition 6 February 2023
Slide 5: Q1 revenue and adjusted EBITDA highlights
Revenue Adventure Revenue Outdoor Revenue Adj. Gross Margin Adj. EBITDA - 13% Y/Y - 28% Y/Y - 6% Y/Y - 230 BPS Y/Y Adventure Outdoor Adj. EBITDA: Adj. EBITDA: $(0.2)m $1.7m
Slide 6: Outdoor - Strategic Priorities and Highlights
OUTDOOR - STRATEGIC PRIORITIES AND HIGHLIGHTS BUILDING BLOCKS IN FOCUS * Delivering on commitment to reshape business SIMPLIFICATION EXECUTION + Important progress on simplification over the last two years puts Black Diamond in far better position to manage current period of uncertainty stemming fro
Slide 7: Adventure - Strategic Priorities and Highlights
ADVENTURE - STRATEGIC PRIORITIES AND HIGHLIGHTS BUILDING BLOCKS IN FOCUS INVESTMENT INTO U.S. AND ROW ANY ADVENTURE MANAGEMENT COMMENTARY . Promoted leadership from within and appointed Tripp Wyckoff to serve as new Adventure head Industry veteran with 20+ yrs experience, Wyckoff has helped drive cr
Slide 8: Q1 2025 Financial Results
Q1 2025 FINANCIAL RESULTS CLARUS. * Due to ongoing macroeconomic uncertainty stemming from U.S. global trade policies, including the impact of tariffs and resulting potential consequences on consumer demand, withdrawing previously issued FY 2025 revenue, adjusted EBITDA, capital expenditures and fre
Slide 9: Appendix
APPENDIX
Slide 10: Balance Sheet
BALANCE SHEET CLARUS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS Cinaudited) (lu thousands, except per shave amounts) March 31,2025 _December 31, 2024 Assets Current assets Cash 8 4131s $ 45359 Accounts receivable, less allowance for rn credit losses of $1,146and $1, Inventories 87483 Prepaid
Slide 11: Income Statement
INCOME STATEMENT (CLARUS CORPORATION ‘CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (Craudied) (i thousands, except per share rants) Three Months Ended March 31, 202% ‘March 31,2004 Seles Doinestc sales Intemational sales Total sales Cost of goods sold Goes pros Opening expenses Selling. genera
Slide 12: Non-GAAP Reconciliation
Sales Gross profit as reported Plus impact ofinventory fair value adjustment Plus impact of PFAS and other inventory reserves Adjusted gross profit Gross margin as reported Adjusted gross margin NON-GAAP RECONCILIATION CLARUS CORPORATION RECONCILIATION FROMGROSS PROFIT TO ADJUSTED GROSS PROFIT AND A
Slide 13: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION CLARUS CORPORATIO? RECONCILIATION FROM LOSS FROM CONTINUING OPERATIONS TO ADJUSTED LOSS FROM CONTINUING OPERATIONS AND RELATED EARNINGS PER DILUTED SHARE (Ia thousands, except per share amounts) ‘Three Months Ended March 31, 202: Toad ‘Gross Operating Tncome tax Tax Less from
Slide 14: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION CLARUS CORPORATION RECONCILIATION FROM OPERATING INCOME (LOSS) TO EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION (EBITDA), EBITDA MARGIN, ADJUSTED EBITDA, AND ADJUSTED EBITDA MARGIN in thousands) Three Months Ended March 31,2025 Three Months Ended March 31,20