Investor Presentaiton
Positioned to Win as Two Separate Companies
Creates two focused, market-leading companies; separation to be complete in CY2023 Q4
Sporting Products
Outdoor Products
Bushnell
GOLF
CAMELBAK CAMP CHEF
GIRO
® Bushnell
FORESIGHT
ВРОАТв
QUIETKAT
ALL TERRAIN ALL ELECTRIC
FEDERAL ) CCI
ESTATE
BELL
BALLIANT
ALLIANT POWDER"
Key Brands
Technically Superior by Design
Remington®
SPEER
FOX
CHEVI-SHOT
Investment Thesis
Market-leading ammunition business, generating attractive
cash flow in all environments
SIMMS.
Stone GLACIER
Diversified platform proven to be an acquirer of choice in
the attractive outdoor category
LTM Sales
Capital Structure
and Allocation
Leadership
$1.6 Billion
• Debt repayment and expected dividend payout of ~20-
30% of free cash flow
Long-term total leverage target of 1.0x to 2.0x EBITDA
To be led by current CEO of Sporting Products, Jason
Vanderbrink and Vista Outdoor interim CFO, Andy Keegan
$1.3 Billion
.
• Majority of capital directed to organic growth,
acquisitions, and opportunistic share repurchases
Long-term total leverage target <2.0x EBITDA
To be led by recently announced CEO of Outdoor Products,
Eric Nyman
O VISTA
OUTDOOR
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