Investor Presentation

Introduction & overview Financial results Strategy & outlook Conclusions Appendices Senior Secured Net Debt is significantly lower than pre-Covid at £562m, with available liquidity of £430m Proforma leverage is lower than pre-Covid Proforma Net Debt COPUREGYM Liquidity 4 £160m SS Net Debt £745m 4.6x1 £430m³ £562m³ As at 30 June 2022 £m Cash 2843 3,5 Senior Secured Sterling Notes 6.375% (430) 3.5x2 Senior Secured EUR Notes 5.5% (416) Senior Secured Net Debt (562) Non-property leases/other (10) Total Net Debt (572) FY19 Proforma RR Adj EBITDA Illustrative leverage 2 161 3.5x 31 Dec 2019 Pre-COVID 30 June 2022 Notes (1) Proforma for the acquisition of Fitness World. Based on Dec-19A Run-Rate Adj. EBITDA of £161m, based on Dec-19PF Senior Secured Net Debt of £745m (consisting of the Sterling Notes (£430m), the Euro Bridge Facility (£380m, converted using LTM average FX rate of EUR 1.1711 to £1) less cash (£65m as converted at average rates of exchange for the LTM period) & including certain adjustments) & Dec-19A Proforma Run-Rate Adj. EBITDA of £161m. (2) Based on FY19 RR Adj EBITDA of £161m proforma for Fitness World & Jun-22A Senior Secured Net Debt of £562m (consisting of the Sterling Notes (£430m), the Euro Notes (£416m, converted using LTM average FX rate of EUR 1.178 to £1) less cash (£284m as converted at average rates of exchange for the LTM period & including £30m cash held by parent company, Pinnacle Topco Limited)). (3) Includes £30m held by parent company, Pinnacle Topco Limited. (4) Liquidity defined as cash plus available RCF facilities. (5) Non-sterling cash balances converted at average rates of exchange for the LTM period. Differs from cash & liquidity figures reported elsewhere which are converted using closing exchange rates Investor Presentation 25 August 2022 8

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