Pursuit Attractions and Hospitality (PRSU) Investor presentation summary

Strategic transformation and focus

• Transitioning to a pure-play attractions and hospitality company, divesting the GES segment and rebranding as Pursuit (NYSE: PRSU).

• Sale of GES expected to close by end of 2024, with net proceeds of $420M–$430M used to retire $318M in debt and accelerate growth initiatives.

• Enhanced balance sheet with low leverage and excess cash, enabling opportunistic M&A and growth investments.

• Proven strategy centers on "Refresh, Build, Buy" to optimize, expand, and acquire iconic experiences.

Financial performance and growth

• 2023 revenue reached $350M with Adjusted EBITDA of $93M and a 26% margin.

• Revenue CAGR of 15% from 2015–2023, with more than 3x revenue and 2.5x Adjusted EBITDA growth since 2015.

• Q3 2024 YTD revenue up 4% despite Jasper wildfire impact; 14% growth excluding Jasper properties.

• Adjusted EBITDA for 2024 expected to exceed $100M, including public company costs.

Portfolio and market positioning

• Owns 14 world-class attractions and 28 distinctive lodges in iconic locations across three countries.

• Integrated hospitality and attractions portfolio drives cross-sell and multi-day guest journeys.

• Experiences in high-barrier, perennial demand markets such as Banff, Jasper, Denali, and Iceland.

• FlyOver flying ride experiences and recent expansions like Sky Lagoon and FlyOver Chicago enhance guest offerings.