Callaway Investment Thesis and Business Transformation Overview

CALLAWAY: A NEW COMPANY WITH HISTORIC ROOTS APEX Leading tech-enabled golf and active lifestyle company delivering equipment, apparel and entertainment to a new generation #1 Callaway and Odyssey top ranked golf clubs by dollar share¹ #2 ranked golf ball company by dollar share¹ Л DSPD Demonstrably Superior & Pleasingly Different over 1B golf balls hit at Topgolf and Toptracer annually 138% Callaway 5-year TSR² ៣ 1. Golf Datatech monthly market share reports by dollar sales from January 2019 to December 2021. 2. 5-year total shareholder return period 12/31/2016 - 12/31/2021; assumes dividends reinvested in security. に Blue Yonder ROME SOFT. allaway Callaway TOPTRACER BALL SPEED APEX CURVE CARRY 117 mph 67 64 164 yds Ballaway CHROME Callaway CHROME SOFT Jack* Wolfskin travis Mather TOPGOLF 2

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