Pursuit Attractions and Hospitality (PRSU) Investor presentation summary

Strategic transformation and transaction overview

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

• Sale of GES expected to close December 31, 2024, with estimated net proceeds of $420M–$430M.

• Proceeds will fully retire $317M in debt and accelerate the Refresh, Build, Buy growth strategy.

• Post-transaction, balance sheet will feature low leverage, excess cash, and capacity for M&A.

Financial performance and growth metrics

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

• Revenue has more than tripled since 2015, achieving a 15% CAGR from 2015–2023.

• Pursuit operates 14 sightseeing attractions and 28 lodges across three countries.

• Approximately 4,000 team members support operations, including seasonal staff.

Business model and market positioning

• Focused on high-quality, one-of-a-kind experiences in iconic destinations with perennial demand and barriers to entry.

• Attractions and lodges are located in renowned travel locations, drawing 3.5M visitors and 419K room nights annually.

• Integrated offerings include F&B, retail, and transportation.

• Experiences are designed for broad accessibility and strong guest satisfaction.