Investor Presentation

Introduction & overview Financial results Strategy & outlook Conclusions Appendices Glossary Q PUREGYM Term Adjusted EBITDA Adjusted EBITDA Margin Average Number of Members Average Revenue Per Member Per Month Cash Rent Adjustment Combined Group EBITDA Expansionary Capital Expenditure Fitness World or Fitness World Group Gym Site Adjusted EBITDA Definition The profit or loss for a certain period before income tax expense, net finance cost, depreciation & impairment of property, plant & equipment & right of use assets, amortisation & impairment of intangible fixed assets, profit/loss on disposal of property, plant & equipment, profit/loss on lease modifications, exceptional administrative expenses, & adjustments, after adding back Pre-Opening Costs & share based payment charges, & subtracting the Cash Rent Adjustment. Adjusted EBITDA for that period divided by revenue for that period. The average of the number of members as at the beginning of the first month & the end of every month in that period. Revenue for that period divided by the number of months in that period & further divided by the average number of members during that period. The average number of members during that period is calculated as the average of the number of members as of the beginning of the first month & the end of every month in that period. The deduction of the cash rent payable during the period which otherwise was not reflected in EBITDA (as reported on an IFRS16 basis). From 2021 onwards, the Cash Rent Adjustment excludes the cash impact of COVID-19 rent deferments. Therefore, Adjusted EBITDA more closely reflects the underlying trading results of the group for the period. Refers to Pure Gym & Fitness World. The profit or loss for a certain period before income tax expense, net finance cost, depreciation & impairment of property, plant & equipment & right of use assets, amortisation & impairment of intangible fixed assets, profit/loss on disposal of property, plant & equipment, profit/loss on lease modifications & exceptional administrative expenses. The Initial Capital Investment & the capital costs of expanding gym sites incurred in that period, & the capital costs of investments in technology in that period. Refers to Forward TopCo A/S & its subsidiaries. Adjusted EBITDA for that period, excluding Head Office Costs. Gym Site Adjusted EBITDA Margin Gym Site Adjusted EBITDA divided by revenue for that period. Head Office Costs Large Box Format (LBF) All non-gym specific costs, other than depreciation & amortisation, related to the operation of head office functions in a given period. Large Box Format (LBF) gyms are gyms that are typically over 12,000 square feet in size. Investor Presentation 25 August 2022 28

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