Slide 1: Investor Presentation May 2025
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation includes “forward-looking statements” within the meaning of federal securities regulations. Forward-looking statements in this presentation include, but are not limited to, the plans, strategies and prospects, both business and financial, of Life Time Gro
Slide 3: A premier lifestyle and leisure brand
A premier lifestyle and leisure brand offering premium health, fitness and wellness experiences to a community of more than 1.5 million individual members Notes: 1. As of March 31, 2025. ue ATHLETIC COUNTRY ON a com Se Se Meee fpsr] AE eoinottion a
Slide 4: Addressable health and wellness market
RT Operates ) e Addressable Health ~SOIS Trillion ~G2 2 Trillion Nort. ‘ * “i ~*~ HEALTHY EATING™ a yo AND NUTRITION MEDICINE ~ $1 ~$918 es 7 eo © Trillion Billion a. oy , Billion A 1
Slide 5: Why Invest in Life Time?
Why Invest in Life Time? y e: Cc Difficult to Replicate Impressive Track Record of consistent and Expanding Highly Predictable Model & Scale Revenue Growth % . Margin Subscription Based Revenue Model % 9 180 16.0% 16.1% ATHLETIC COUNTRY CLUBS “) REVENUE CAGR ADJ. EBITDA CAGR Premium real estate port
Slide 6: Diversified Portfolio in High End Markets Across North America
oO Diversified Portfolio in High End Markets Across — ‘New York, NY North America Irvine, CA PREMIUM AND HIGH-PROFILE REAL ESTATE FOOTPRINT OF 180 CLUBS” WITH SIGNIFICANT WHITESPACE OPPORTUNITIES Notes: 1. As of March 31, 2026.
Slide 7: Developed Over Decades
oO Developed Over Decades Re-IPO in Total Club Count October 2021 COVID-9 Take-Private in June 2015; begin sale- leaseback strategy Continue to build us clubs during recession IPOin June 2004 24 FYO1 FYO2 FYO3 FYO4 FYOS FYO6 FYO7 FYOB FYO9 FYIO FYI FYI2 FYI3 FYI4 FYIS FYI6 FYI7 FYIB FYI9 FY20 FY21,
Slide 8: Financing
Financing _ SSHuctiire. 9. = = i N Dyn Saleeacetecke I 72 “Urban’ is defined as having Suburban’ is allothers.
Slide 9: Elevation of Brand and Asset-Light Model
Elevation of Brand to Higher Level Life Time as a Lifestyle Brand & Reposition to High-End Refinement of Resort-Like Format with Focus on Top Tier Markets Transition to Asset-Light Model Leisure Brand (1)
Slide 10: Elevation of Brand and Asset-Light Model
Elevation of Brand to Higher Level Life Time as a Lifestyle Brand & Reposition to High-End Refinement of Resort-Like Format with Focus on Top Tier Markets Transition to Asset-Light Model Leisure Brand (3) (1)
Slide 11: Center Revenue: Our Highly Recurring Revenue Model
4) Center Revenue (Sin millions) % In-Center Revenue % Membership Dues + Enrollment Fees Our Highly Recurring Revenue Model m= Membership Dues + Enrollment Fees $1,702 $589 $1113 2018 35% 65% $1,851 $643 2019 35% 65% In-Center Revenue Government mandated closures & restrictions $1,287 $930 $380 $279
Slide 12: Loyal & Engaged Multi-Generational Membership Base
Slide 13: AI K+ Sessions Per Month
AIK+ Sessions Per Month | Sessions Per Month® us | % Year-Over-Year Increase in Year-Over-Year Increase in i (4) 4 Total Sessions Total Sessions Notes:
Slide 14: Key In-Center Revenue Drivers
Key In-Center Revenue Drivers [DPT] rwamic PERSONAL TRANG PERSONAL TRAINING + DYNAMIC STRETCH, PILATES, DIETARY COACHING, AND SUPPLEMENTS LIFE CAFE LIFE SPA MASSAGE, HAIR, NAILS, MEDISPA, RETAIL ULTRA. LESSONS & SWIM TEAMS LIFETIME KIDS @ PICKLEBALL @ TENNIS COURT TIMES, CLINICS, ONE-ON-ONE COACHING
Slide 15: Highly Engaged Membership Base
(_REVENUEPERMEMBERSHIP ys MEMBER VISITS >) (MANY CLUBS ARE BEING ) Highly Engaged Membership Base Ne IS GROWING _) — \—__CONTINUETOINCREASE J FULLY UTILIZED $281 se, enter $222 Business 94 Q12019° "Q12022 Q12023 Qi2024 Q12025 Notes: 1, Averagerevenue per center membership is calculated as center rev
Slide 16: Flexible Asset-Light Real Estate Model
0 Flexible Asset-Light Real Estate Model With Attractive Returns on Capital Pre Sale-Leaseback Strategy Post Sale-Leaseback Strategy Prior Public Company (Pre-2015) Today (Post-2015) Traditional Traditional Living/ Cente! Growth Suburban Suburban Residential eee ee yp Locations Locations Development
Slide 17: Historical Average Return on Capital
FINANCIALOVERVIEW Historical Average Return on Capital C CENTERS OPENED JUNE 2015-2021 ) Asset Light Center Returns $770M 4 a CenterLevel Revenue nters S359M CenterLevelContribution® 59 Leased? S1 @) 2M RentExpense 2 5 S759M Owned Net InvestedCapital 54% Cash-on-Cash return Notes 2Basedon walingtwel
Slide 18: Competitor Takeovers / Real Estate Developers
~ COMPETITOR TAKEOVERS __ REALESTATE DEVELOPERS
Slide 19: Modeling the Value Creation
O Modeling the Value Creation Revenue & Adjusted EBITDA (Sinmillions) 2,960 HllRevenue Adjusted EBITDA 2,621 677 800 2024 2025E Adjusted EBITDA 25.8% 27.0% Margin Notes: 1, Adjusted EBITDA and adjusted EBITDA Margin are non-GAAP measures, Please see the Appendix for a reconciliation to the nearest G
Slide 20: MIORA
MIORA PERFORMANCE + LONGEVITY THE HEAT IaLN WAYJOP\LIFE HIGHLY TRUSTED aide! PEPTIDES I\ THE PALM OF YOUR NUTRITIONAL Miers, BUS SUPPLEMENTS Recovenl REJUVENATION SUPPLEMENTATION AESTHETICS BODYWORK IRD-PARTY TESTED aS OMESTICALLY NUFACTURED
Slide 21: Long Tenured and Newer Executives
© 5 alented, Proven Management Team — Founder & CEO Plus Long Tenured and Newer Executives BAHRAM AKRADI Founder, Chairman and Chief Executive Officer Mr. Akradi has over 35 years experience in healthy way of life initiatives and real estate development. RJSINGH Executive Vice President and Chief Di
Slide 22: Business Leaders
Business Leaders Fartash Akradi Nicholas Matthew Brinza Kari Broyles Keith Dieruf Joe Gallagher SVP Life Time Berglund SVP Architecture SVP& General SVP Digital SVP, Corporate { Technology 2 SVP, Chief and Engineering e Counsel, Marketing Concierge and Creative Officer Property New Club > Developmen
Slide 23: Appendix
Slide 24: Historical Financial Profile
Confidential Historical Financial Profile TOTAL REVENUE ($M) ) $2,621 $2,730 $2,217 $1,900 $1,823 $1,318 7 L_| 2019A 2020A 20214 2022A 2023A 2024A TTM Q12025 C ADJUSTED EBITDA & RENT EXPENSE ($M)2) ) Ml Rent Expense Adjusted EBITDA $537 $677 $722 $438 =a Em $282 63} 2019A 2020A 2021A 2022A 2023A 202
Slide 25: Historical Financial Profile (cont.)
Historical Financial Profile (cont.) cesar C CASH FLOW FROM OPERATING ACTIVITIES (SM) ) $669 $575 $463 $359 $200 (20) 506) se) 20194 2020A 20214 2022A 2023A 2024A TTM Q1 2025 (_ > C NET PROCEEDS FROM SLBs ($M) ) $352 $195 cae $207 $207 $122 $74 20190 2020A 20214 2022A 2023A 2024A TTM Q12025 C FREE C
Slide 26: Historical Net Debt and Leverage Calculation
Historical Net Debt and Leverage Calculation (SMM) TTM Ended: 12/31/2022 12/31/2025 12/31/2024 3/31/2025 Revolver $20 $90 $10 $o Term Loan B $ 274 $310 $1,000 $998 Senior Secured Notes $ 925 $925 $ 500 $ 500 Mortgage Notes & Other $124 $120 $45 $42 Total Secured Debt $1,343 $ 1,445 $1,555 $1,540 Tot
Slide 27: Adjusted EBITDA Reconciliation
Net Income Interest Expense, net of Interest Income Provision for Income Taxes Depreciation & Amortization Share Based Compensation Non-Recurring Adjustments Adjusted EBITDA Net Income Interest Expense, net of Interest Income Provision for Income Taxes Depreciation & Amortization Share Based Compens
Slide 28: Adjusted EBITDA Reconciliation (cont.)
12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 3/31/2025