Blackwells Capital Activist Presentation Deck

$160.00 $140.00 $120.00 $100.00 $80.00 $60.00 $40.00 $20.00 $0.00 BW Feb-21 www IPO Price $29.00 BLACKWELLS CAPITAL PELOTON'S STOCK HAS PERFORMED POORLY Em May-21 Source: FactSet. Note: Data as of February 4, 2022. Peloton One-Year Stock Price Performance marche Aug-21 Nov-21 -84% 19

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