Investor Presentation

Introduction & overview Financial results Strategy & outlook Conclusions Appendices Group: Overall picture & outlook Clearly facing challenging times now & into the future - hard to make predictions as storm clouds gather • Near term disruption - transport strikes, heat/weather etc. - definitely a headwind for business momentum - everyone is seeing that • Consumers "feeling the pinch" & being careful how they spend constrained disposable income • Cost inflation is biting on capex & some aspects of opex • We are very attentive to the needs of our colleagues facing the cost of living crisis. We nevertheless remain well positioned to weather the storm ⚫ No evidence of a "buyers strike" - albeit a degree of consumer caution on memberships • • . Reassuring research (internal & 3rd party) suggests consumers continue to attach a high priority to maintaining gym memberships vs other more discretionary spend Benefit of a structurally low labour & low operating cost model (no heated swimming pools!) Increasing resource & effort dedicated to all areas of cost management • We enjoy a fair degree of pricing power & a very high level of pricing/revenue control And are reassured by & remain committed to new site opening & site refurbishment plans • New sites continue to perform very well due to format flexibility, site selection & tailored management • Volume of refurbishments are increasing & capital is delivering a modest but positive rate of return QP PUREGYM Investor Presentation 25 August 2022 19

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