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Investor Presentaiton

PURSUIT'S POWERFUL GROWTH STRATEGY Investing through Pursuit's REFRESH, BUILD, BUY strategy since 2015 to drive accelerated high-margin growth INVESTMENT CRITERIA ✓ 15%+ IRR hurdle rate ✓ Iconic, unforgettable, and inspiring ✓ Perennial demand ✓ High barriers to entry ✓ Attractive EBITDA margins High-quality guest experience ✓ Strong ease of doing business PURSU TSM REFRESH To optimize guest experience, market position, and maximize returns BUILD To create new guest experiences and revenue streams with economies of scale and scope GLACIER VIEW LODGE 2019 REFRESH SKY LAGOON 2021 BUILD MALIGNE LAKE F&B AND RETAIL 2019 REFRESH FOREST PARK ALPINE HOTEL 2022 BUILD BUY Strategic assets that drive guest experience, economies of scale and scope, improving financial performance GOLDEN SKYBRIDGE 2021 BUY GLACIER RAFT COMPANY 2022 BUY 14 VIAD
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