Financial Data and Key Metrics Changes - For Q4 2023, revenue rose 10% to $1.3 billion, while full-year revenue grew 23% [29] - Adjusted gross profit margin increased by 170 basis points to 52.2% in Q4 compared to Q4 2022, driven by growth in high-margin business Arc'teryx [3] - Adjusted diluted EPS fell to a loss of $0.11 in Q4 2023, compared to a profit of $0.12 in Q4 2022 [47] Business Line Data and Key Metrics Changes - Technical Apparel revenue grew 45% in 2023, with DTC growth of 57% [24] - Outdoor Performance revenue increased by 2% in Q4 to $523 million, driven by strong performance in Winter Sports Equipment [25] - Ball & Racket revenues declined by 3% to $242 million in Q4, with growth in EMEA and Great China not offsetting declines in U.S. wholesale [42] Market Data and Key Metrics Changes - Technical Apparel grew 30% in both Great China and America, with over 40% growth in APAC [40] - The U.S. sports equipment market faced challenges due to elevated inventories carried over from 2022 [27] - In Q4, regional growth was led by a 45% increase in Greater China, followed by 22% growth in APAC [74] Company Strategy and Development Direction - The company aims for mid-teens revenue growth for the group in 2024, with over 20% growth in Technical Apparel [4] - The five-year financial algorithm includes low double-digit to mid-teens annual sales growth and 300 basis points of gross margin expansion [11] - The company is focusing on expanding its DTC model and enhancing brand positioning in key markets [9][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of Arc'teryx, citing its strong competitive position and innovative DTC model [23] - The company anticipates a challenging comparison for Q1 2024 due to strong growth in Q1 2023, expecting revenue growth of 6% to 8% [49] - Management noted that while the macro environment remains volatile, the brand's performance in China continues to be strong [121] Other Important Information - The company plans to open around 30 new Arc'teryx stores in 2024, with a focus on larger flagship locations [102] - The company aims to reduce net debt to adjusted EBITDA below 2 times over the next few years [48] - Capital expenditures are expected to increase to approximately $300 million to support new store expansion and logistics investments [80] Q&A Session Summary Question: Can you elaborate on the momentum at Arc'teryx? - Management noted strong sequential strengthening in KPIs and a healthy inventory position, leading to positive guidance for Q1 [55] Question: What are the drivers of the decline in outdoor margin? - Management indicated that significant investments in the first half of the year would impact margins, but they expect improvements later [57] Question: How is the company addressing inventory issues in Wilson? - Management confirmed that they cleared $90 million of undesirable inventory and feel confident about their position moving into 2024 [107] Question: What is the outlook for North America growth? - Management highlighted strong in-season reorders and cautious preorders from retailers, indicating a positive outlook for the region [117] Question: How is the company positioned in China? - Management expressed confidence in the brand's competitive advantage in China, despite macroeconomic challenges [121]

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on January 26, 2024. Registration No. 333-276370 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Amer Sports, Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) 2300 (Primary Standard Industrial Michael Kaplan Li He Roshni Banker Cariello Davis Polk & Wardwell ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on January 22, 2024. Registration No. 333-276370 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Amer Sports, Inc. Cayman Islands (State or other jurisdiction of incorporation or organization) Classification Code Number) Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands +1 345 945 3901 (Address, ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on January 4, 2024. Registration No. 333- Amer Sports, Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) 2300 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Cayman Islands (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification ...