Slide 1: Q2 Earnings Presentation July 31, 2025
Q2 EARNINGS PRESENTATION JULY 31, 2025
Slide 2: Forward-Looking Statements
6 February 2023 PAGE 2 Forward - Looking Statements Please note that in this presentation we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “int end s,” “future,” and similar expressions which constitute forward - looking statements within the meaning of the safe har
Slide 3: Today's Presenters
Warren Kanders EXECUTIVE CHAIRMAN Clarus TODAY’S PRESENTERS Mike Yates CFO Clarus Neil Fiske PRESIDENT Black Diamond Equipment
Slide 4: Strategic Priorities: Q2 Highlights
6 February 2023 PAGE 4 STRATEGIC PRIORITIES: Q2 HIGHLIGHTS Positioned for long - term sustainable growth Strategic roadmap continues to guide execution Black Diamond objective : Simplify and focus on the core Steady progress highlighted by simplified product portfolio, sharper and more differentiate
Slide 5: Second Quarter Results at a Glance
Commitment to operational and organizational progress despite increasingly challenging macro backdrop $55.2 m $ 18.6m $ 36.7m 36.5 % $( 2.1)m Revenue - 2% Y/Y Adventure Revenue - 8% Y/Y Outdoor Revenue + 1% Y/Y Adj. Gross Margin - 90 BPS Y/Y Adj. EBITDA SECOND QUARTER RESULTS AT A GLANCE Adventure A
Slide 6: Outdoor - Strategic Priorities and Highlights
6 February 2023 PAGE 6 OUTDOOR - STRATEGIC PRIORITIES AND HIGHLIGHTS • Solid Q2 results affected by wavering consumer sentiment and chaotic macro environment • Q2 revenue, gross margins and adjusted EBITDA increased y/y • Continued to improve quality of inventory and revenue; full price sales for di
Slide 7: Adventure - Strategic Priorities and Highlights
6 February 2023 PAGE 7 ADVENTURE - STRATEGIC PRIORITIES AND HIGHLIGHTS • Q2 results continued to be affected by market softness and over - reliance on legacy wholesale and OEM customers • Global wholesale and DTC revenue increased by ~8%, partially driven by bike rack sales, and offset by continued
Slide 8: Q2 2025 Financial Results
6 February 2023 PAGE 8 NET SALES Q2 2025 FINANCIAL RESULTS Q2 202 5 ADJ. GROSS MARGIN ADJ. EBITDA ADJ. EBITDA MARGIN (3.8)% ($2.1M) 36.5% $ 55.2 M Q2 202 4 (3.4)% ($1.9M) 37.4% $ 56.5 M
Slide 9: Appendix
APPENDIX
Slide 10: Balance Sheet
6 February 2023 PAGE 10 BALANCE SHEET
Slide 11: Income Statement (Q2)
6 February 2023 PAGE 11 INCOME STATEMENT (Q2)
Slide 12: Income Statement (YTD)
6 February 2023 PAGE 12 INCOME STATEMENT (YTD)
Slide 13: Non-GAAP Reconciliation
6 February 2023 PAGE 13 NON - GAAP RECONCILIATION
Slide 14: Non-GAAP Reconciliation (Q2)
6 February 2023 PAGE 14 NON - GAAP RECONCILIATION (Q2)
Slide 15: Non-GAAP Reconciliation (YTD)
6 February 2023 PAGE 15 NON - GAAP RECONCILIATION (YTD)
Slide 16: Non-GAAP Reconciliation (Q2)
6 February 2023 PAGE 16 NON - GAAP RECONCILIATION (Q2)
Slide 17: Non-GAAP Reconciliation (YTD)
6 February 2023 PAGE 17 NON - GAAP RECONCILIATION (YTD)