Investor Presentaiton
SAFE HARBOR STATEMENT
GoPro
This presentation may contain projections or other forward-looking statements within the meaning Section 27A of the Private Securities Litigation Reform Act. Words
such as "anticipate,” “believe,” “estimate," "expect," "intend," "should," "will" and variations of these terms or the negative of these terms and similar expressions are
intended to identify these forward-looking statements. Forward-looking statements in this presentation may include, but are not limited to, planned growth and expansion
of our total addressable market through subscription services; increased profitability in 2021 and beyond; overall consumer demand, and the impact of the COVID-19
pandemic on our business. These statements involve risks and uncertainties, and actual events or results may differ materially. Among the important factors that could
cause actual results to differ materially from those in the forward-looking statements are our ability to achieve revenue growth or profitability in the future, and if revenue
growth or profitability is achieved, we may not be able to sustain it; our ability to effectively grow our direct-to-consumer and subscription business; the risk that our sales
fall below our forecasts, especially during the holiday season; the risk we fail to manage our operating expenses effectively, and may result in our financial performance
suffering the fact that our plan to profitability depends in part on further penetrating our total addressable market, and we may not be successful in doing so; the fact that
sales of our cameras, mounts and accessories for substantially all of our revenue, and any decrease in the sales or change in sales mix of these products could harm
our business; the risk that growing our direct-to-consumer and subscription business while reducing our reliance on our other sales channels could impact profitability;
the impact of the COVID-19 pandemic and its effect on the United States and global economies and our business in particular; any inability to successfully manage
product introductions, product transitions, product pricing and marketing; the fact that a small number of retailers and distributors account for a substantial portion of our
revenue and our level of business with them could be significantly reduced; our transition away from some distributors and retailers; our reliance on third party suppliers,
some of which are sole source suppliers, to provide components for our products which may be impacted due to supply shortages, long lead times for components, and
supply changes, any of which could disrupt our supply chain and may increase our costs; the fact that an economic downturn or economic uncertainty in our key U.S.
and international markets, as well as fluctuations in currency exchange rates, may adversely affect consumer discretionary spending; any changes to trade agreements,
trade policies, tariffs, and import/export regulations; the effects of the highly competitive market in which we operate, including new market entrants; the fact that we may
not be able to achieve revenue growth or profitability in the future; risks related to inventory, purchase commitments and long-lived assets; the importance of maintaining
the value and reputation of our brand; the risk that the e-commerce technology systems that give consumers the ability to shop online do not function effectively; the risk
that we will encounter problems with our distribution system; the threat of a security breach or other disruption including cyberattacks; the concern that our intellectual
property and proprietary rights may not adequately protect our products and services; and other factors detailed in the Risk Factors section of our Annual Report on
Form 10-K for the year ended December 31, 2020, and as updated in future filings with the Securities and Exchange Commission (SEC) including the Quarterly Report
on Form 10-Q for the quarter ended June 30, 2021, each of which is on file with the SEC. These forward-looking statements speak only as of the date hereof or as of
the date otherwise stated herein. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual
results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-
looking statements. GoPro disclaims any obligation to update these forward-looking statements.
Confidential information. Copyright © 2021. GoPro, Inc. All rights reserved.
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