Blackwells Capital Activist Presentation Deck slide image

Blackwells Capital Activist Presentation Deck

A ■ ■ ■ ■ BW As a software-focused company, Peloton should work to partner with all fitness equipment manufacturers integrating Peloton's software with new, and potentially existing, equipment across the world ASSET-LIGHT, SOFTWARE FOCUSED BUSINESS: FITNESS HARDWARE "POWERED BY PELOTON" Shifting to an asset-light model will allow Peloton to focus on creating software that utilizes its superior brand and content offering to create a universal fitness platform "Powered by Peloton" Integrating Peloton software with any new fitness equipment, regardless of manufacturer, would allow the company to expand to several markets including: Gyms Hotels Offices Schools & Universities - BLACKWELLS CAPITAL Existing fitness equipment Hospitals & medical centers A partnership with Peloton would give manufacturers a differentiated selling point while also exposing Peloton to millions of new potential subscribers In 2020 the global treadmill market generated over $3.2 billion and is expected to grow to nearly $6 billion per year by 2030 The potential to integrate Peloton into all treadmill manufacturers, let alone all fitness equipment, creates a significantly larger avenue to gain potential subscribers for the Company's software (1) Source: GlobeNewswire "Global Treadmill Market to Reach $5.93 billion by 2030: Allied Market Research," July 6,2021. PELOTON PELOTON PELOTON PELOTON Peloton software on legacy (non-Peloton) equipment and integrated into every aspect of the gym, home, and outdoor fitness experience P 39
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