Blackwells Capital Activist Presentation Deck
Peloton's Board should compare the risk-adjusted
standalone value to a sale
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EXECUTIVE SUMMARY: THE BOARD MUST EXAMINE A SALE OF THE COMPANY
BW
A stand-alone Peloton cannot achieve its full potential given:
Lack of management capability and credibility
A stressed balance sheet and ongoing significant cash burn
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It will take years of operational restructuring, organizational re-
development and positive results for the company to regain
investor confidence and multiple expansion
Peloton would be extremely attractive to several technology,
streaming, media, metaverse and sportswear companies interested
in extending into the rapidly growing health and wellness category
BLACKWELLS CAPITAL
Potential Acquirors Could Include
Types of Acquirers
Media and Content
Technology and Devices
Sporting Goods
Online Subscriptions
Disney
adidas
Examples
VIACOMCBS COMCAST
amazon Google
lululemon
NIKE
NETFLIX Spotify (((Siriusxm)))
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