Blackwells Capital Activist Presentation Deck
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Blackwells believes Peloton's CFO, Jill Woodworth,
should not be permitted to continue in her role as
CFO
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CFO JILL WOODWORTH HAS SHOCKINGLY REMAINED IN HER ROLE
The Company has revised forward-looking guidance
downward in each of the last five quarters
In November 2021, Peloton announced a $1 billion stock
offering just two weeks after Ms. Woodworth dismissed the
possibility of a capital raise on the Company's earnings call
Blackwells believes that investors have lost confidence in the
accuracy of Peloton's projections
BW BLACKWELLS CAPITAL
"...[W]e don't see the need for
any additional capital raise
based on our current outlook."2
- Jill Woodworth, two weeks before Peloton
announced a $1 billion stock offering
(1) Source: FactSet and Company filings. Data as of April 8, 2022.
(2) Source: Peloton 1Q 2022 Earnings Call.
FY 2021 Guidance
$4,075
F2Q 21
Next Fiscal Year Revenue Guidance ($M)¹
F2Q 21
$4,000
F3Q 21
$240
$5,400
F3Q 21
F4Q 21
($325)
FY 2022 Guidance
Next Fiscal Year Adjusted EBITDA Guidance ($M)¹
FY 2021 Guidance
$300
F4Q 21
$4,600
F1Q 22
FY 2022 Guidance
($450)
$3,750
F1Q 22
F2Q 22
($650)
F2Q 22
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