Blackwells Capital Activist Presentation Deck

1 BW LACK OF QUALIFICATION: FOLEY ON FOLEY BLACKWELLS CAPITAL 66 1. 2. 3. I think I'm not a very good manager "6 Is there anything about being CEO that you don't like, that you like to delegate? John Foley's Response "" Finance. Our CFO does 99% of finance. I engage because I want to know how we're doing. But to say I don't add value to her operation is an understatement. You can also say the same with technology. Our CTO doesn't get any help from me. I'll go sometimes months without talking to our CTO, which as a CEO of a technology company, that's kind of rare. 2 I interview almost nobody ² TIME Interview with John Foley, Peloton CEO³ 1 "J¹ How would your colleagues, your co-founders, describe your strengths as a manager? ABC News interview, May 5, 2016: https://abcnews.go.com/Business/peloton-fitness-apple-technology/story?id=38886911. LinkedIn interview, March 13, 2019: https://www.linkedin.com/pulse/one-believed-pelotons-ceo-he-built-company-heres-how-john-daniel-roth/ Time Magazine interview, May 26, 2020: https://time.com/5839552/peloton-ceo-john-foley/ John Foley's Response "6 I'm not sure they'd say I have many strengths at all. 25

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