Investor Presentation

Introduction & overview Financial results Strategy & outlook Conclusions Appendices Q2 2022 Group results highlights Q PUREGYM Revenue & membership ₤119m Q2 revenue up +43% vs Q2 2021 £23.73 ARPM per month up +30% vs Q2 2021 1,666k Closing members up +6% vs Jun 2021 Adjusted EBITDA £26m Adj EBITDA up +58% vs Q2 2021 21.8% Adj EBITDA Margin Up +200bps vs Q2 2021 £114m Run Rate Adj EBITDA up +£8m vs Q1 2022 Group estate 525 Gyms in the estate³ vs 506 gyms at Jun 2021 9 New gyms in Q2 2022 vs 15 in Q2 2021 Liquidity & Cash Flow £285m Cash Vs £76m Jun 2021 SS Net Debt & Capex £562m Net debt4 vs £786m at Jun 2021 £430m Liquidity1,4 vs £221m at Jun 2021 3.5x Proforma net leverage² down from 4.9x at Jun 20215 £24m Capex £21m Operating Cash Flow Up +1% vs Q2 2021 vs £14m in Q2 2021 Notes: (1) Liquidity defined as cash plus available RCF facilities. (2) Includes £30 million cash held by parent, Pinnacle Topco Limited & based on £161m RR Adj EBITDA for 2019. (3) Gyms in estate includes 4 franchise gyms in KSA. (4) Includes £30 million cash held by parent, Pinnacle Topco Limited. (5) Stated using Senior Secured Net Debt as at 30 June 2021 of £786m & RR Adj EBITDA for 2019 of £161m (proforma for the acquisition of Fitness World). Investor Presentation 25 August 2022 5

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